The market did not collapse over the weekend. BTC has returned to 109,000. After looking at the on-chain data, I found that Binance's BTC has been in a state of outflow in the past two days. Generally speaking, Binance has the strongest liquidity. Large investors who want to sell BTC will mention Binance to sell, but it seems that these people can't sell it during this period. Instead, there are mysterious forces constantly absorbing funds. The decline last week was caused by Trump's mess. He said that he would not seek to reach an agreement with the EU, and would impose a 50% tariff on the EU and a 25% tariff on Apple.
There was another turn for the better this week. Just this morning, Trump said that the 90-day trade negotiation window with the European Union would be restored, and the deadline would be changed from June 1 to July 9. He also unexpectedly changed his position and made concessions in the trade negotiations with Japan, saying that tariffs would be settled before June.
This week, it is recommended to hold BTC patiently and not run away when seeing a slight drop, as this will easily lead to missing out. In terms of altcoins, only BNB and SOL are a bit more resilient, and other coins are prone to shrinking when BTC fluctuates at a high level. In the medium term, will there be another general rise in altcoins this year, just like in March 2024 and November 2024? I think there will be another one.
This general rise must occur when Bitcoin is above the new high range and continues to rise, and the altcoins will at least "follow the trend" for a while. Considering that there are still 2-3 interest rate cuts expected this year and Bitcoin has entered the "new high" range, there will be another altcoin general rise in June or the second half of this year. This is the result of analysis from the technical level and the four-year cycle level. However, this general rise may be similar in magnitude to that in December 2024. It is a bull market led by Bitcoin, rather than an independent altcoin market.
In the long run, will there be a super bull market similar to 2021? I think it will happen within 10 years. The prerequisite is that there will be an economic crisis first (I think there is a high probability of it happening in 2026-2028).
There are two benefits of an economic crisis. The first is that it will force the Federal Reserve to lower interest rates to 0% to save the economy. The second is that the valuations of both stocks and cryptocurrencies will be pushed down low enough.
Under this premise, we have the hope of repeating the story of 2020-2021, buying leading projects with leading narratives at low levels, and thus reaping the benefits of another super bull market.
Buy the bottom of 3 altcoins that will increase 10 times in the future! 1.MERL
Merlin Chain is gaining attention as a new Layer 2 solution that brings smart contract capabilities to the Bitcoin network. Merlin uses powerful tools such as ZK Rollup, fraud-proof systems, decentralized oracles, and on-chain data layers to improve Bitcoin's scalability and efficiency. Zero-knowledge proofs can securely confirm transactions, while fraud challenges help protect the system from attacks and errors.
One of the highlights of Merlin is that it supports native Bitcoin assets and fully on-chain decentralized applications (dApps). It can also connect to the Ethereum Virtual Machine (EVM), allowing Bitcoin to run smart contracts. This combination will allow developers and users to enjoy advanced features without leaving the Bitcoin ecosystem. Integration with projects such as Ordinals and support for community-driven token issuance further highlight its flexibility.
As of this writing, the MERL token is trading at $0.1242. The token is up 15.09% in the last week and 13.08% in the past month. The recent trading volume reached $236.93 million, an increase of 18.22% in just one day. These figures reflect the growing interest and confidence of investors in the future development of the project.
Merlin Chain is also exploring the power of artificial intelligence. The launch of Wizard 0.1, an intelligent AI wizard, makes it easier for users to understand and interact with the network. Wizard can help users navigate functions and increase participation, and plans to provide real-time data and transaction support in future updates.
By combining AI with blockchain, Merlin becomes more user-friendly. These upgrades may help attract a wider user base and make Merlin Chain a strong candidate for wider adoption. Given its innovative features and strong community support, Merlin Chain is worth watching and could become the next explosive cryptocurrency.
2.XMR
Monero (XMR) continues to rise, recently hitting a high of $408.79 before closing around $401. XMR is up 3.21% in the past 24 hours and 79.72% in the past month. These gains show that privacy-based cryptocurrencies are gaining more and more support.
Launched in 2012, Monero has built a solid reputation as the leading privacy coin in the crypto world. Unlike many other coins, it uses advanced technologies such as zk-SNARK and ring signatures to protect user identities and ensure transaction privacy. These features make Monero popular among those who value security and anonymity.
Monero price prediction shows that its price could rise slightly to around $405 by the end of May. Currently, Monero has a market cap of $7.39 billion and a 24-hour trading volume of $137.17 million. Impressively, the coin is trading 130.55% above its 200-day simple moving average of $173.50, showing strong long-term support from investors.
Monero's continued growth momentum is evident; it has risen 21 of the past 30 days. With an RSI of 45.60, the price is currently considered neutral, which means that sideways trading is likely in the short term. However, the overall investor sentiment remains positive. The Fear and Greed Index score is 66 (Greed), which means that people are optimistic about the future trend of Monero.
3.MOODENG
Moo Deng (MOODENG) has also been in the spotlight for its explosive growth. Currently priced at $0.2956, it has gained over 676% in the past month. In the past 24 hours alone, the token has gained nearly 15%, with a trading volume of $765.12 million, an increase of over 79%. Community enthusiasm seems to be high, which is helping to maintain this momentum.
A major turning point for MOODENG was its inclusion on the Binance Futures platform in October 2024. MOODENGUSDT perpetual contracts support up to 75x leverage, opening the door to more trading activity. Since then, MOODENG’s price has soared by more than 394,000% and currently has a market cap of $292.65 million. These figures show that the token has quickly gained popularity and support in the cryptocurrency world.
From a technical perspective, the market remains bullish. The MACD indicator has recently seen a bullish crossover, and the histogram remains in the positive zone, which usually indicates that prices may rise. The RSI indicator is currently at 58.29, which is in a balanced range and still has room for further growth.
Currently, MOODENG is aiming to break out of the $0.466 resistance level and move towards $0.500. However, the coin still needs to maintain its current momentum. A break below $0.1207 will lead to the next support level at $0.09041. A break below this level could signal a shift in trend to a more bearish phase.
Brothers, come to the chat room and gather:
