Bitcoin once again fell by 10,000 points, but the decline was only 12.5%, which was narrower than before. However, altcoins have fallen terribly, at least 20% or even more than 30%.
So, which currency should you buy at the bottom now?
Previously mentioned promising cryptocurrency tracks and currencies in
#2024 : GameFi, AI, BRC20, MEME, and public chains;
Let’s take a look at what is the highest drop of these currencies in this round of decline (mainly selected currencies that have been listed on Binance)? This can be used to determine which currency is stronger and to buy the bottom first. It is said that only when the tide goes out will you know who is swimming naked.
GameFi concept: GALA -35.3%, PIXEL -35.6%, SAND -28.2%, AGLD -31.1%;
AI concept: WLD -41.5%, AGIX -34%, FET -25%;
BRC20: SATS -39.2%, ORDI -28.5%
MEME concept: PEPE -33%, FLOKI -35.8%, BONK -31%
Public chain: ETH -16.7, AVAX -18.6%, TIA -29.7%, SUI -22%, DOT -22.7%, ADA -23.5%, SOL -10%, ATOM -16.1%, NEAR -26.4%, FLOW -28.8 %
From the above decline, we can see that the popular new coins have fallen even more severely, and the public chain is indeed strong as a whole. Now the public chain track can be said to be valuable, and the others are mostly hype. SOL is really strong and has actually fallen less than BTC.
This drop can be seen as an early release of the risk of the Federal Reserve's interest rate decision three days later, at 2 a.m. on March 21 (Thursday). But there is a high probability that interest rates will remain unchanged at this interest rate meeting.
The only worry is that after today's sharp drop, the weekly K-line will become very ugly, but at most it is just one more injection. Don't be afraid, just buy the bottom when it falls and build positions in batches. The expectations for the Federal Reserve's interest rate cut and Bitcoin's halving are clear. Don't be afraid of being trapped at this stage, but be afraid that you won't be on board when the price rises.
#HotTrends