Bitcoin continues to fluctuate and adjust, and has not been able to effectively hold above $110,000; altcoins are unlikely to perform miracles. Bitcoin has continued its fluctuating trend since late May. Without stimuli such as interest rate cuts, it is difficult to break out into an independent trend in the short term, so everyone should manage their timing well. I want to emphasize that this market phase is specifically targeting diamond hands, so regardless of the asset, do not hold long-term. For example, upcoming pump projects like wlfi are not suitable for long holding. There may be short-term opportunities, but the long-term outlook is not optimistic, especially with pumps that are definitely on the road to zero.
The TGE event of BONKPumpfun has actually become a catalyst for the rise of $BONK. $PUMP is valued at $4 billion, while the current total market cap of $BONK is less than $2 billion. In comparison, $BONK clearly has more investment value. Therefore, the higher the hype around Pumpfun's TGE event, the more people will buy $BONK. Considering Letsbonk's own good fundamentals and high growth potential, the probability of $BONK breaking previous highs is relatively high.
CRO, as the core token of the Crypto.com platform, benefits from the expansion of its ecosystem, including DeFi, NFTs, payment services, and the popularity of the Crypto.com Visa card. Currently, CRO has been included in the 'TruthSocialCryptoBlueChipETF' basket, attracting more long-term investors, which drives steady price increases.
If the Crypto.com ecosystem continues to expand and ETF-related good news materializes, CRO could enter a stable upward channel. Long-term investors should pay attention to ecosystem developments and overall market trends.
SEI
SEI has stopped falling, currently within a descending channel or wedge pattern, with prices testing trendline support, experiencing minor breakthroughs, indicating a potential trend reversal. If it breaks through another local high on the 1H chart, we can look forward to a rebound that could lead to significant price increases. If it breaks the descending trendline and stabilizes above $0.30, SEI may challenge $0.38-$0.40, or even higher (like $0.55).
