The market may still dip again. Ethereum just hit a new high and then turned downward, completely in line with expectations. This market is quite unusual; Bitcoin is rising alone while altcoins remain stagnant at the bottom. If you are still using the same mindset from the last bull market, it must be tough right now. The main players are actually suppressing altcoins, making it hard for retail investors to hold on and forcing them to hand over their chips. Bitcoin's control is already high, and it can be pulled up at will, but it has to align with the rhythm of altcoins. Therefore, overall, this wave of market cannot go crazy.
For example, on April 1, when Bitcoin was around $85,000, I suggested reducing positions and waiting for a breakout of new lows to buy back. As a result, on April 7, it really broke new lows. Our strategy at that time was clear: buy the dip without fear. I believe the market will dip again and then rapidly rebound and rise. Because if it doesn't rise, it won't trigger people's 'fear of missing out', and it won't attract outside funds. We can focus on the 'Fear and Greed Index'; when it approaches 75, FOMO may really explode.
Currently, altcoins are underperforming. On one hand, Ethereum contracts are heavily suppressing, and on the other hand, there are still too many high-leverage funds that haven't been cleared. It needs to clear out first before there is hope to restart the market. Around May 7 is a key time point; if it can rise, there may be a significant adjustment afterward. Technically, the higher Bitcoin rises, the weaker its momentum becomes, and top signals have already appeared, indicating a potential adjustment at any time. Ethereum's short-term target is between $1950–2000; only when it reaches this range will FOMO sentiment truly return. The current market performance is all within the expectations of the old prediction; don't let short-term fluctuations disrupt the rhythm!
To summarize my views:
• Short-term: There is still a chance for a rebound after one more dip;
• Medium-term: Pay attention to daily-level pullbacks;
• Long-term: The bullish trend remains unchanged, continue to be bullish.
May will kick off a major bull market! The main direction is to choose these 3 cryptocurrencies for a 100-fold explosion!
WLD
Rumors suggest OpenAI may release a social platform, and the market speculates that Worldcoin's WLD will become the platform's built-in currency. However, currently, WLD is only available on Coinbase, and Sam Altman's schedule hints at this, but it has not been officially confirmed. If the rumors are true, it would be a significant boost for WLD.
WLD may be used as the 'official currency' in OpenAI's new social platform, where users might use it for chatting, tipping, and purchasing services, which will naturally increase demand. World ID may also utilize it for 'quick real-name verification', making WLD not just a tool for spending but the core of the platform's identity and functionality. Even if it's just a rumor now, market expectations have started to speculate, and once officially announced, the potential will be even greater. In simple terms, WLD may transform from 'a coin' into 'a key to a system'. This is not a small benefit; it is a significant opportunity.
AR
There are major investors who highly value the prospects of AR coin: investments from Coinbase, a16z, Coinbase Pro, etc., focusing on key sectors: metaverse, sol applications, NFT applications, WEB3.0, and decentralized storage.
The global storage industry is expected to be worth at least $200 billion by 2025. AR coin is a leader in storage, with only 66 million in supply compared to fil coin, which is severely scarce. The current price is $7.46, with a circulating market cap of $490 million.
Decentralized storage is applied in various fields like finance, healthcare, social communication, gaming, and energy, with its application range continuously expanding. Decentralized storage, also known as distributed storage, relies less on storage institutions compared to traditional centralized storage, where the safety of stored content cannot be guaranteed and is out of one's control. Centralized storage does not face widespread issues from attacks, does not suffer from regulatory control by storage institutions, and data is not easily lost.
EOS
EOS is constantly making moves, with numerous positive news coming in. EOS Network has officially changed its name to Vaulta, and its strategic direction has shifted towards Web3 banking, planning a token swap by the end of May. This transformation is like dropping a heavy bomb in the cryptocurrency market, attracting countless eyes, and is expected to greatly expand its application scenarios. Meanwhile, the CEO of the EOS Foundation has introduced a brand new token economic model, destroying 80% of the future total supply, abolishing the inflation mechanism, setting a total cap, and introducing a halving cycle. This series of actions greatly enhances the confidence of holders and fills the market with anticipation for EOS's future.
From a technical analysis perspective, EOS has recently successfully broken through the resistance level of $0.6, showing strong upward momentum. If it can continue to consolidate above the key support level, the upward trend will become more solid. Currently, the RSI is at 35, indicating an oversold state, suggesting that a pullback may follow. Once the price breaks through the key resistance levels of $0.75 - $0.85, a surge to $1.3 by the end of the year is not out of the question.