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Some people are concerned about the Bitcoin halving, fearing that the market might plummet directly, and indeed, this possibility exists. However, the probability is extremely low. This round of the market is different from before, with institutional participation costs established, and there is strong consensus regarding the halving. Unless there are unforeseeable external factors or events!
If you stay out of the market because of fears of a pullback, you may very well miss out on this market surge. If you're feeling worried, it's advisable to ensure you maintain at least a 50-60% position.
Investing shouldn't be about gambling. No one can fully predict short-term trends. Don't go emptying your positions due to future worries; you'd be wasting a great bull market.
Furthermore, even if it does dip, would you really buy in at the bottom? Most likely not. You'll probably think it'll dip further, and you'll miss out on the final entry opportunity! In a bull market, the most important thing is the endpoint. The starting point and the journey in between might be tumultuous, but the endpoint is bound to be beautiful.
After the Bitcoin halving, these 5 cryptocurrencies are expected to increase 100-fold:
1. PENDLE: Pendle is a decentralized finance provider that tokenizes yields and offers fixed income. It's also proud of being an interoperable protocol that's gaining attention. Recently, the cryptocurrency Pendle has been on a bullish trend. Data shows that in the past 30 days, Pendle's price has risen from $3.08 to $6.20, and its market capitalization has surged from $716 million to $1.48 billion. Furthermore, Pendle's 26 technical indicators are flashing green. Therefore, market analysis predicts that its price may soar to $8.61 before the end of the second quarter of 2024.
2. LDO: Lido DAO is a DAO that brings liquidity staking services to Ethereum. In other words, Lido DAO allows people to stake Ethereum while retaining liquidity through stETH tokens. Thus, Lido DAO provides a simple way to participate in Ethereum's proof-of-stake consensus mechanism without being excluded. In the past week, Lido DAO's price has risen from $2.61 to $2.90. Additionally, its market capitalization has increased from $2.34 billion to $2.58 billion. From a technical analysis perspective, Lido DAO's cryptocurrency is expected to continue this bullish trend. It's worth noting that 22 technical indicators are flashing green. Therefore, analysis predicts that Lido DAO's value will reach $4.43 by the end of the second quarter of 2024.
3. MKR: Maker Protocol's governance token MKR suffered a decline of up to 8% in value in a single day. On the weekly chart, the decline expanded to 13%. Despite this bearish trend, insights from on-chain data tracking platforms reveal an interesting development: whales and institutions are taking advantage of the opportunity to accumulate MKR during the downturn. According to reports, significant increases in accumulation activity have been observed. In the past week, 13 new wallets withdrew large amounts of MKR from Binance, totaling 13,560 tokens valued at $47.8 million. Impressively, within the last 12 hours alone, 8,875 MKR (equivalent to $30.8 million) were withdrawn from Binance. Furthermore, three other wallets have initiated test withdrawals of 0.0055 MKR each, indicating the possibility of withdrawing larger amounts in the near future. An interesting observation is that all 16 wallets receiving MKR funds have also received Ethereum from wallet address 0x316, indicating that these wallets may belong to a single entity or are coordinated in their accumulation efforts. In summary, despite the recent decline in MKR value, the accumulation activities of whales and institutions indicate potential confidence in the long-term prospects of the Maker Protocol. The influx of institutional interest during the downturn may foreshadow potential bullish momentum for MKR in the coming days.
4. DAO: With the advent of the Web3 era, the rise of decentralized autonomous organizations (DAOs) has provided us with an opportunity to rethink the design of equity structures. DAOs simulate the functions of traditional equity by issuing tokens, allowing token holders to participate in governance and value sharing within the organization. This is undoubtedly a new experience for users accustomed to the Web2 model, while also bringing a range of challenges and opportunities. DAOs can be said to be the basic form of the DeSci concept, and currently, DAOs are the most prosperous part of the DeSci ecosystem. Currently, the biggest challenge facing DeSci, and the most important one to address, is funding difficulty. In addition to DAOs, it can be seen that the decentralized financing sector accounts for a large part of the entire track. The main purpose of DAOs is to solve the funding problem.
5. AGIX: Leading the new era of artificial intelligence, SingularityNET (AGIX) is a cryptocurrency that leads in the field of artificial intelligence, originating from an open-source AI platform dedicated to creating, sharing, and monetizing AI services. The platform plays a role in the global AI market, allowing AI services to trade freely within it, driving innovation and collaboration within the AI community. AGIX currently has a market capitalization of approximately $255.69 million on exchanges, with a circulation of approximately 1.23 billion AGIX tokens. |
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Post time 19-4-2024 15:42:33
