The rebound of Bitcoin is relatively weak, while Ethereum is performing strongly, with its ratio to Bitcoin rising above 0.032. However, whether Ethereum can maintain this strength completely depends on the off-chain financing ability of projects like sbet and bmnr — because this round of Ethereum's rise lacks any narrative support, retail participation enthusiasm is extremely low, relying almost entirely on off-chain financing.
Bitcoin has not yet stabilized at the 4-hour level, and there is still a possibility of further declines to test support levels, so contract traders need to be highly vigilant about risks. However, this decline is expected to be short-lived, and after this week, the market is likely to restart. The market is already eagerly speculating on September's interest rate cut expectations, so now is a good time to position quality leading altcoins, which aligns with my earlier statement of 'buying more as prices drop'.
August's pullbacks are all buying opportunities, in the crypto bull market, bottom-fishing three altcoins with a potential 10-20x increase!
PEPE
Pepe Coin is back in the spotlight, with a daily trading volume exceeding $760 million, and investor interest is recovering. Currently priced at $0.0000103, it has slightly risen by 0.9% in the last 24 hours, reflecting cautious optimism amid market uncertainty; it fell 19.3% in the past week and 27.6% in the past two weeks due to a whale liquidating $414,600 worth of PEPE, highlighting its volatility influenced by external forces.
As the third-largest asset by market capitalization in the meme coin sector, trading is tax-free and smart contracts are immutable, relying on community-driven narratives, and is highly speculative, closely related to market sentiment. Long-term performance shows a 25% increase over the past year, with a 53% rise over the past 30 trading days. High trading volume and meme-driven interest make it attractive to some investors, symbolizing meme culture in cryptocurrency.
Pendle
Pendle is an innovative DeFi protocol, with the core function of separating asset ownership from future revenue rights, helping users create new financial instruments based on income-generating assets. Currently priced at $3.87, it has risen 4.43% in the last 24 hours, with 15 days of increases in the past 30 days, currently above the 200-day moving average, showing a long-term upward trend; the 14-day RSI is 45.71, neutral, with high liquidity, making it easy to enter and exit the market. The Fear and Greed Index is 64, indicating bullish sentiment and increased risk appetite.
Recently launched on HyperEVM, unlocking fixed income options; the team plans to expand the yield market, enhance liquidity, and integrate native features. Despite $1.5 billion in TVL maturing, the total locked value has still reached a record high of $7 billion, reflecting user confidence and platform growth.
LDO
Ethereum's top liquid staking platform Lido has announced a 15% layoff, with the co-founder stating that this move aims to reduce operational costs, focus on long-term development and sustainability, and will affect the teams of major contributors, planning to allocate more resources to technological improvements and the healthy development of the protocol.
In response to the news, the price of LDO immediately rose by 4.3%, currently reported at $0.918, with a 24-hour increase of 4%. In the past day, it has fluctuated between $0.9038 and $0.9515, and investors may view the restructuring as a long-term wise strategy. Lido focuses on cost reduction and technological development, which will enhance the protocol and community strength in the long run. Under improved market sentiment, it remains a key focus project in the Ethereum staking sector.
