The crypto circle has welcomed another lively week, with market changes and opportunities and risks flying together.

Some are holding on to their diamond hands amidst the surge, firmly holding hard currency; some are watching DOGE's trading volume explode, anticipating the next wave of active market; and analysts are optimistic about XRP's technical breakout of the bullish triangle flag, calling for a target of $15.

Meanwhile, potential stocks in the DeFi and AI fields like AAVE, Pendle, Hyperliquid, and Bittensor are also quietly gaining momentum, becoming the new favorites of many veteran players in the crypto circle.

This article will dissect the exciting performance of this multi-track event, explaining the steadfast beliefs and technical breakthroughs of mainstream coins, and why emerging projects are worth digging deeper. Secure your wallet and wear your hard hat; in the crypto circle, this storm cannot allow for any slack! ⚡️

BTC and Ethereum: The choice of 'diamond hands' and Beta under the great bull market

In this cycle, BTC is still the protagonist of 'diamond hands', with an increasing number of holders since it remains the market's barometer. In contrast, although Ethereum, Solana, and BNB are also 'drilling' deeply, risks and opportunities coexist. Those who previously took Alpha risks are now leaning towards a more stable Beta strategy, as the last wave of Alpha trading was somewhat brutal, and no one wants to repeat that experience.

Simply put, the main characters and opportunities in this round are those projects that can 'sleep well' and are optimistic in the long term. Today, I will focus on recommending four potential stocks that I think are still worth continuing to 'drill' into.

Rising stars: AAVE, Pendle, Hyperliquid, and Bittensor as four potential stocks

In the crypto circle, besides the established coins, potential new stars are also worth the keen eye of investors. Especially in the DeFi and AI fields, several projects have begun to show their potential, even being long-term 'diamond hand' targets.

1. AAVE: A beacon of safety and value in DeFi

AAVE is one of the few 'stable targets' that can be safely held for a long time, alongside the three strong ones mentioned above. The TVL (Total Value Locked) has surpassed $30 billion, setting a historical high, and most importantly, there has been no major security incident over the years! This is a rare treasure for DeFi projects.

Don't forget that when traditional financial giants like JP Morgan start experimenting with blockchain, they also chose AAVE as their testing platform. This directly demonstrates AAVE's reputation and strength in the industry.

With the rise of RWA (Real World Assets) and stablecoins, the combination of on-chain and traditional finance is becoming increasingly close. The upcoming launch of AAVE's V4 version in the next few months is expected to bring many new gameplay and growth points, with strong fundamentals and future expectations.

2. Pendle: The hidden king's steady rise

Speaking of the 'hidden king' of DeFi, Pendle absolutely deserves a spot. The TVL is stable around $6 billion, close to historical highs, showing very steady performance. Its growth unfolds in three waves:

  • The first wave relied on Sushiswap and other DeFi protocols to split the liquidity mining rewards, although it didn’t create much buzz, it laid the foundation.

  • The second wave relies on Lido and Eigenlayer's liquid-staking tokens, with astonishing gains.

  • The third wave, which is about to start, is the RWA and stablecoin track, which is a super large market, with the mechanism of traditional finance's return grading and risk separation being moved on-chain, offering endless market potential.

Compared to AAVE, Pendle has almost no competitors in this track, standing out alone. The only slight regret is that the price volatility is too low, being as stable as a stabilizing force, but this also reflects its solid foundation.

3. Hyperliquid: The dark horse of Perp trading

Hyperliquid is a strong player in this cycle's token issuance projects, with user experience and trading depth crushing similar products, leading to a rapid surge in trading volume and market capitalization. It is not only a perpetual contract platform but also intends to create a 'liquidity layer' on-chain, which is very forward-looking.

Recently, Phantom has connected to Hyperliquid, and in the future, more front-end products will rely on it for liquidity foundation. Daily buybacks, coupled with the upcoming launch of HyperEVM and RWA Perp products, make its long-term potential look promising.

To be honest, I haven't gotten in yet, mainly because I missed the airdrop and the current market capitalization is relatively high. Waiting for a pullback before entering, the 'dullness' in the crypto circle has instead become an advantage.

4. Bittensor: A frontier testing ground for AI + Crypto

In recent years, I have been skeptical about Bittensor, feeling it is somewhat similar to Filecoin—both have elements of 'creating demand', and their commercial value is still not very clear.

Recently, I’ve realized that the development tracks of Crypto have been significantly debunked. Finance and gambling (like meme coins) are two clear tracks, while the most undeniable remains AI + Crypto. Bittensor occupies the first place in mindshare in this field, making it the 'BTC' of the AI on-chain domain.

Its subnet ecosystem has nearly a hundred, covering decentralized training, data computing power, reasoning, and various AI application fields. The halving event in the coming months is also likely to lead to an explosion.

The downside is that the market capitalization is relatively high, and the issuance volume is large, leading to considerable pressure in the short term, but in the medium to long term, it is definitely worth paying attention to and laying out.

DOGE: Trading volume is booming, holding at $0.26 is the key support

Next, let's look at the more 'active' Dogecoin DOGE. It has recently risen by 5% against the backdrop of global macroeconomic uncertainty, with trading prices stabilizing between $0.26 and $0.27.

Interestingly, DOGE's trading volume surged by 75%, with daily trading volume exceeding 700 million shares, far above the average level. Traders show strong confidence in the support at $0.26. Although $0.27 is a strong resistance level, there may be some profit-taking in the short term, but DOGE's resilience and active trading momentum make people look forward to a breakthrough.

Technical indicators also support a consolidation pattern: RSI is in a neutral zone, and MACD is flattening, indicating that the market has not yet experienced buying or selling pressure. Traders are closely watching the next move, whether to continue holding at $0.26 or if selling pressure will increase, leading to a pullback to $0.25 or even lower.

In such a volatile environment, DOGE has become the pet of risk-preferring investors, with a dynamic combination strategy keeping it in the spotlight in the current market conditions. Whether it can hold steady at $0.27 will become a short-term barometer. 🦴

XRP: Breaking through the bullish triangle flag, is the $15 target just around the corner?

Speaking of altcoins, XRP must be mentioned, as its recent technical performance is quite impressive. XRP has successfully broken through the bullish triangle flag pattern, which is a classic technical shape indicating that the price is likely to continue its upward trend.

The bullish triangle flag is usually composed of price fluctuations, and breaking out of this range typically triggers a strong trend continuation. According to technical analysis, XRP's potential breakout target is $15—compared to the current $3.48, this implies a potential increase of over 320%.

Of course, there are also voices in the market reminding caution, as this pattern, while a continuation, is subject to market volatility, and whether it can truly stabilize depends on the combination of trading volume and capital inflow.

However, judging from XRP's recent increase of nearly 22%, the attention from funds is clearly warming up. Analysts believe that with the gradual advancement of cross-border payment and compliance applications, XRP is expected to play an important role in the next bull market cycle, making it a hot topic for chasing gains due to the dual benefit of technology and fundamentals. 🔮

Summary

This market wave resembles a multi-line drama, with diamond hands of established coins still holding the fort. DOGE continues to attract attention with its strong trading volume, XRP's breakthrough technical pattern suggests the continuation of the bull market, while the new stars in DeFi and AI are the sparks for the next wave of growth.

The path of the crypto circle has never been a straight highway upwards. The correct posture is to find the right rhythm in the storm, maintaining old positions while daring to seize new opportunities.

So, stay curious and patient, and don't forget to leave some ammunition for your wallet. The future trends and leaders may just be in your next 'diamond hand' operation! 💥

Market data reference (as of press time):

BTC: $118,474

AAVE: $302.94

Pendle: $4.76

Hyperliquid: $44
Bittensor (TAO): $448.4

DOGE: $0.26
XRP: $3.48

The crypto market changes quickly, with opportunities and risks coexisting. Learning to enter and exit strategically to protect your principal is essential for steady progress and wealth accumulation. ✍️

Remember to DYOR, manage risk well, and wish everyone smooth sailing in the crypto circle! 🌊

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