Yesterday's large bullish candlestick changed beliefs, many brothers changed their views and started to buy in again. Is this appropriate? How will the market move next? First, gold seems to be running out of steam. The target price we mentioned last week of $3500 was hit precisely. After reaching $3500, gold entered a phase of massive fluctuations. According to our previous analysis, the gold price surge is nearing its end, and some funds and attention will flow into BTC, bringing benefits. Various signs indicate that sovereign wealth funds, listed companies, and American elites are increasing their holdings in BTC through ETFs and the spot market. Retail investors are currently selling BTC. Countries like El Salvador and Bhutan have already included Bitcoin in their foreign exchange reserves. More details about the U.S. BTC strategic reserve will emerge in May, bringing positive news. Some U.S. state governments are also promoting related legislation; buying may not start this year but many states may begin purchasing BTC next year. From on-chain data, BTC has been flowing out of exchanges from yesterday to today, but stablecoins are also flowing out. Altcoins remain risky; if BTC corrects, altcoins may suffer damage as well. Therefore, it is advised not to chase after some surging meme coins. Currently, it is recommended to hold over 50% BTC, and altcoin positions should not exceed 30%. Just hold patiently and wait for the rise! For those who haven’t jumped on board, don’t buy all at once; be cautious of corrections, and consider buying in batches daily.
Follow 3 altcoins with the potential to increase 10 times in the next bull market! 1.IMX
Immutable (IMX) is hot in the cryptocurrency market, with a daily increase of up to 56%. This price increase coincides with heightened excitement surrounding potential major collaborations. The recent rise of Bitcoin has also contributed to this surge. On April 23, IMX hit a new daily high of $0.687, nearly double its price at the beginning of the month. Currently, its market cap is about $1.19 billion, with trading volume surging over 890% to reach $479.58 million.
This move is largely driven by activity in the derivatives market. According to CoinGlass, the open interest (the number of active contracts) surged overnight by 96%, reaching $54.4 million. Although this includes both buyers and sellers, the rise in token prices indicates that many are betting on further price increases.
Co-founder Robbie Ferguson revealed a 'billion-dollar' deal that has been two years in the making, sparking significant discussion. While specific details have yet to be announced, the potential for such a massive collaboration has excited investors, with many hoping that real news could further drive up stock prices.
The rise of IMX aligns with the overall trend of gaming-related tokens. Tokens like Gala, Sandbox, Axie Infinity, and SuperVerse have all seen increases between 5% and 20%. Bitcoin has recently surged to nearly $94,000, pushing the entire cryptocurrency market back above $3 trillion, further driving this positive trend.
Global news has also added to the optimistic sentiment. U.S. Treasury Secretary Scott Bansen hinted at easing tensions with China, while newly appointed SEC Chairman Paul Atkins is expected to adopt a more friendly cryptocurrency policy.
Moreover, Immutable's NFT network is showing vibrant growth. In the past month, the platform's sales increased by 2.4%, reaching $24.6 million, and the number of active buyers and sellers has also grown by over 50%. In summary, IMX appears stronger than ever.
2.ALCH
Alchemist AI is making waves in the cryptocurrency space. Over the past 24 hours, this token has risen by 36.17%, reaching a price of $0.2116. Its unique platform is eye-catching, allowing anyone to build applications just by entering a few words, without any programming required. This AI-driven tool is user-friendly for both beginners and seasoned developers, making it a standout in the rapidly merging fields of AI and cryptocurrency.
Alchemist AI's visibility on mainstream exchanges like Bybit, Gate.io, and CoinMarketCap is also on the rise. In just the past day, trading volume soared to $163.12 million, a growth of 252%. Its liquidity ratio is as high as 3.1208, indicating that trading is very convenient.
Despite a volatility of up to 33% in the past month, the token's win rate remains as high as 50%. This indicates a reasonable balance between investor risk and return. As our preferred choice in the 'next explosive cryptocurrency' series, Alchemist AI combines AI tools with strong market interest.
3.POPCAT
Popcat surged 21.47% in the past 24 hours, reaching $0.300285, once again proving the power of meme culture. As the second most worthy meme coin to invest in on our current list, POPCAT continues to rise. Its daily trading volume is as high as $130 million, with an increase of 63.50%, attracting much attention.
This Solana-based token was born from the viral Popcat meme that exploded in popularity in 2020. It has no practical utility, but that is precisely its charm. Unlike traditional assets, it thrives purely on humor and hype. Therefore, it ranks 13th among meme tokens and 10th among Solana tokens. A strong community and limitless meme potential keep it continuously appealing.
Additionally, POPCAT's performance has been impressive. It has risen 15% over the past week, 121.3% in 14 days, and 48.1% in the past month. Not only that, it has high liquidity, with a volume-to-market cap ratio of 0.9591 and volatility of only 20%. Impressively, it has maintained an upward trend on 19 out of the past 30 days.
Additionally, over the past year, it has outperformed 70% of the top 100 cryptocurrencies. While long-term growth remains uncertain, its short-term gains and viral spread make it an ideal choice for investors seeking quick profits and savvy with memes. In summary, Popcat combines meme influence, strong metrics, and viral momentum. For those eager to catch the next wave of meme trends, this token not only offers excitement but also potential returns, making it a must-not-miss virtual currency in today’s market.
