Last night, the US stock market fell again, continuing a pattern seen over the past week: rising during the day and approaching the US stock market opening, falling.
$BTC tested the support at 80,500 again and is now rebounding. The buy orders down to 80,000 are still quite strong, and currently, the market is oscillating within a very small range.
The current situation is that there is buying pressure in Asia, but as soon as the US stock market opens, there will be significant selling pressure.
Short-term profit-taking and the decline in US stock market led most investors to prefer not to stay in the market for too long, taking the profits they have earned. After a night of turmoil, the market returned to yesterday's rising starting point.
During this week, I feel that the position at 80,500 should provide support. With no US stock market influence over the weekend, the market may rebound upward; this wave will be around 86,900.
$ETH aimed at 5000, do not forget to inform the ancestors during family rituals.
Pay attention to recent market news to see if it helps the market trends:
BN:
On March 14, The Wall Street Journal reported that the Trump family is negotiating with Binance.US for equity investment.
For Binance, this move is a key to 'Curve returning to America': exchanging part of the equity for the exemption of the FA department and a beautiful country license, leveraging Trump's influence to break the SEC's ETF approval deadlock.
If Binance.US accelerates its SPAC listing (targeting a valuation of 50 billion like Coinbase), its valuation may skyrocket to 20 billion, becoming a regulatory bridge between crypto and US stock markets. Trump, through TRUMP coins, media, and WIF, forms a closed-loop of 'political-business currency', achieving dual empowerment of traffic and capital.
$SOLANA: One good news and one bad news:
Bad news: On-chain data shows that the proposal for Sol's halving SIM-D-228 was rejected. A total of 74% voted, with 59% in favor, just shy of passing, but unfortunately was ultimately rejected by the whales.
Good news: Institutions suddenly came out to support the market. The U.S. SEC announced the acceptance of Franklin's application for a Solana spot ETF, indicating that a spot ETF is gradually becoming possible.
So this time, the two messages offset each other, which is still acceptable. It's a pity about the halving proposal; it was just a little bit away.
The market is volatile, the macro situation is uncertain, and while holding altcoins may be okay, how can one shift their mindset?
1- Given that the large-scale trend market is nearing its end, investors need to reduce positions in a timely manner based on the characteristics of past two years' trends to avoid the risk of trend reversal.
2- In the new normal of the cryptocurrency market, there is severe differentiation. Some coins stand out during strong trends, while smaller coins are prone to plummeting in weak trends. Investors should promptly exit if they notice issues with small coins.
3- Position management is key. Don't go all-in on small coins due to FOMO; allocate positions reasonably based on different phases of the trend and keep cash to deal with uncertainties.
4- Identify core assets, abandon the fantasy of most altcoins reaching new highs. In uncertain situations, buy core assets on dips, and adjust risk preference once clarity is gained.
Sweet recommendations for recently performing wealth coins:
➯ Sonic (prev. FTM) ($S)
Market cap: 1.624 billion USD
24-hour trading volume: 256 million USD
Sonic is the new L1 blockchain of the Fantom Foundation, with an L2 bridge to Ethereum, its speed will be higher than Sol (super fast).
After Fantom upgraded to Sonic, its blockchain performance greatly improved, becoming a highly capable EVM L1 chain.
Sonic can process 10,000 transactions per second, transactions can be confirmed very quickly, and it supports Solidity/Vyper programming, making it convenient for developers to create applications.
This is thanks to Sonic's consensus mechanism, which continuously optimizes Sonic's functionality.
The speed can be 2.04 times faster, and memory usage is reduced by 67.8%. Not only is trading faster, but it also uses fewer resources, laying a good foundation for more new applications.
➯ $VENOM
Market cap: 185 million USD
24-hour trading volume: 2.8666 million USD
The Venom blockchain, as a first-layer blockchain platform regulated by the Abu Dhabi Global Market, is thriving.
Secondly, the project party of VENOM is the renowned Peter Knez, who is the former Chief Investment Officer of BlackRock and was also an executive at Lincoln Capital and Goldman Sachs, backed by the giant BlackRock.
The Venom Foundation announced its upcoming collaboration with liquidity provider Wintermute and entry into the over-the-counter (OTC) market. This partnership will provide users with a smoother experience, help consolidate its position in the blockchain ecosystem, and provide more favorable conditions for the trading and circulation of Venom coins.
➯ SuperRare ($RARE)
Market cap: 91.2319 million USD
24-hour trading volume: 139 million USD
This RARE is something special, it silently surged 30% in 24 hours.
The RARE token rose 132% during the week when Bitcoin and Ethereum plummeted.
The main reason is the ecological upgrade and capital operation of the SuperRare platform.
SuperRare, as a high-end NFT trading platform, maintains a high-price market relying on a curator system, and implements governance, transaction fee dividends, and curation rights allocation through the RARE token.
The recent surge is driven by Layer 2 integration, cross-chain auctions, significant institutional operations, and market making, but risks such as overvaluation and centralized governance still exist.
