ETH just dropped below $3700, and the whole circle instantly panicked, with a bunch of people starting to shout that it’s over. In reality, it comes down to poor risk control. To put it bluntly, many people simply do not have the ability to cope with normal fluctuations, heavily investing at a slight rise and panicking at a slight drop, with no position management at all.
Based on my years of watching and observing, the vast majority of people who make money do so during a bull market where everything takes off, and they just buy with their eyes closed. However, this kind of market may be hard to see in the future. Even if it does, it’s more likely to be a structural rotation in specific sectors, relying on rhythm and direction rather than blindly holding.
I always say that ETH never disappoints, but this time I really don't want to praise it because its performance is far from good enough, at least it hasn’t reached a historical high.
However, now that we are here, we should indeed believe that ETH's historical high is coming. As the leader of altcoins, its new high will likely bring a wave of good profit effects.
The adjustment at the beginning of the month is a regular operation; after the adjustment, it will continue to rise. Hold your coins and wait for ETH's new high.
The market is currently in an adjustment phase, but it is nearing an end, likely by next week. After this, the direction will still be upward, with a crazy bull market expected in August and September. There is no doubt about this; I've been saying this since the beginning of the year.
For retail investors, now is the best time to buy. After selecting quality targets, gradually purchase over the course of about 1-2 weeks, and then the market will enter a rally mode.
Buy the dip on three altcoins expected to increase tenfold in the future!
1. PNUT
Peanut the Squirrel (PNUT) has increased by 2.0% in the past 24 hours, with a current trading price of $0.255. While the increase may seem small, it reflects a strong rebound in trading activity, with trading volume soaring over 61% to $311 million. This increase, combined with a volume-to-market cap ratio of 1.21, indicates good liquidity, meaning investors can buy and sell PNUT quickly without a significant drop in price.
The PNUT token is inspired by a real and touching story, intended to commemorate a squirrel named Peanut, whose tragic end sparked global outrage. PNUT is not issued through crowdfunding, but rather as a decentralized tribute, merging community activism and meme culture. Since its launch at the end of 2024, PNUT has successfully landed on top exchanges like Binance and Kraken, showcasing its strong market support.
However, short-term market sentiment remains mixed. Despite rising 17.3% over the past month, the token has dropped 8.4% in the past week and 13.9% over the last two weeks. PNUT's trading price has significantly fallen 125% below its 200-day moving average and remains far below its historical peak of $2.43, with a considerable correction. However, the asset currently has a volatility of only 12%, and the trend is stable.
From a momentum perspective, the market leans toward optimism, with a fear and greed index of 72 (greed). PNUT's 50% rise days in the past 30 days indicate that the market is consolidating rather than crashing. This attracts traders seeking short-term volatility bursts and long-term investors who believe in narrative-driven tokens. Overall, PNUT may be suitable for speculative investors who value a strong community, compelling stories, and meme utility within a low volatility range. Despite its long-term chart being slightly unstable, its liquidity, community vibrancy, and trading depth still make it one of the noteworthy meme tokens to watch right now.
2. TURBO
Turbo Token's price has risen by 4.6% in the past 24 hours, clearly indicating strong short-term bullish momentum. Currently, its trading price is $0.004977, slightly above its 200-day simple moving average by 2.13%. Traders usually pay close attention to this threshold to determine the trend direction, and breaking through this threshold may be an early bullish signal. However, this price is still down 6% year-on-year, indicating that long-term recovery is not yet confirmed.
Turbo stands out on this list because of its origin story. It originally began as a crazy experiment with a budget of only $69, prompted by AI to 'create the next great meme coin.' Today, it is no longer just a gimmick. It has developed into a project with a market cap of $343 million, an active community, and has been listed on platforms like Binance, KuCoin, and Kraken. This notoriety gives it legitimacy and strong liquidity, with a 24-hour trading volume exceeding $88 million, up 34% from the previous day.
While a 42.4% increase over the past 30 days is impressive, the increase is only 47%, and the price is still 65% lower than the historical peak. Volatility remains at a moderate level of 17%, and market sentiment leans towards greed, reaching 72, indicating that traders are very confident, perhaps overly so.
Turbo may appeal to meme coin enthusiasts and trend-chasing investors seeking high liquidity and community support. However, its 8.36% inflation rate and recent 14-day pullback remind us that momentum is a double-edged sword. Long-term holders should pay attention to whether it can continuously break through $0.0055 to confirm its strength.
3. NEIRO
In the past 24 hours, the trading price of Neiro on Ethereum has risen by 3.3%, closing at $0.130269, attracting widespread attention. More notably, its trading volume soared by 38.7% to $8.47 million, clearly indicating that its development momentum is rapidly strengthening. Unlike other volatile cryptocurrencies, NEIRO has steadily risen by 53.3% over the past month, demonstrating its strong momentum and sustainability rather than being a flash in the pan.
The original intention of NEIRO was to have zero trading tax and not include tokens held by the team, aiming to emulate the democratic appeal of Dogecoin. However, it does not solely rely on meme effects, but has achieved robust growth indicators. Its trading price is 148.88% higher than the 200-day moving average, demonstrating long-term confidence from investors. Over the past year, NEIRO's price has risen by 183%, outperforming 89% of the top 100 crypto assets, which is rare for a meme coin that has just entered the public eye.
The team has no recent news, but market trends are more convincing. Market sentiment is bullish, with a fear and greed index of 74, indicating that greed is driving decisions. Although it has risen for only half of the past 30 days, volatility is at a moderate 19%, placing it in an attractive middle ground between meme volatility and blue-chip stability.
Nevertheless, Neiro still has room to prove itself. With a maximum supply of 1 billion tokens and undisclosed circulation, investors should pay attention to its transparency. NEIRO ranks 302 in the meme coin category and 872 among ERC20 tokens, remaining relatively unknown. Its lower ranking, growth curve, and recent strong performance may attract those looking to invest in emerging Ethereum meme assets with upward potential.
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