Current market recommendations and views:
On the surface, BTC is still trading above the upward MA20 moving average, far from breaking below the moving average, so the upward movement is a time window that hasn't finished rising. Altcoins have seen significant declines; the script here may be that BTC maintains a strong sideways consolidation, while altcoins build a bottom for a few days before resonating upward.
Don't be disappointed with ETH. American institutions and publicly listed companies have become the new owners of ETH. It is only a matter of time before Ethereum breaks its historical high. If Ethereum cannot do it, altcoins can only go to zero.
You must learn to operate on-chain. The opportunity to get rich in the next bull market will most likely happen on-chain. The current '土狗' (literal translation: 'earth dog') is just like the 2017 bull market, without contracts, and can only rely on pumping and dumping. This is the best opportunity to make money. Binance will only select '土狗' for listing, so don’t play around with old junk coins on Binance. Focus your energy on '土狗'.
Bitcoin is currently verifying the bottom support for the second time. This week, it is crucial to pay attention to whether effective support can be obtained around $112,000. If it breaks below, then it will need to continue adjusting downward in the short term.
Overall, Bitcoin and Ethereum ETF are still in an outflow pattern, although the outflow amount has slowed compared to before, but this slowdown is minor.
Currently, there are several operational strategies in the altcoin layer:
The Pump strategy led by Alon focuses on meme coins that Alon calls and pump tokens.
The Alpha strategy led by Binance focuses on alphas that have already listed on Binance contracts, as well as the upcoming opportunity for myx.
The OTC warehouse strategy led by stock market financing focuses on targets that have already announced OTC financing to purchase cryptocurrencies, which is also a good selection.
Buy the dip on 3 altcoins that could increase 100 times in the future!
1. LTC
Litecoin is one of the oldest altcoins in the cryptocurrency space, but don't think it is outdated. It is the original derivative of Bitcoin, designed by Charlie Lee to address Bitcoin's speed and accessibility issues. Litecoin uses the Scrypt algorithm to process a block every 2.5 minutes, making transaction speeds faster and costs lower than Bitcoin. Litecoin also launched MimbleWimble (MWEB) in 2022 as an optional privacy feature, keeping it technically up-to-date and interchangeable.
Litecoin stands out among many altcoins due to its practicality as a bridge in the real world. It has been accepted by mainstream payment systems, such as BitPay (which once accounted for 42% of cryptocurrency transactions), and PayPal also supports LTC transfers, reflecting its real-world usage rather than mere speculation. Litecoin is also seen as a reliable testing ground for Bitcoin upgrades (e.g., merged mining with Dogecoin), with its innovations rooted in traditional technology, making it an attractive altcoin for both retail and institutional investors.
In terms of price, Litecoin is trading between $121 and $122, having risen 8% in the past 24 hours, and shows clear bullish reversal signs after a strong rebound from the $105 support level. Analysts from TeknopatTV predict that Litecoin's potential increase will exceed $160 by April 2025, nearly a 125% rise from current levels, highlighting the renewed confidence of investors in Litecoin as a leading altcoin.
The Litecoin Foundation just released the August briefing, which includes several important updates. From MEI Pharma's $200 million investment to Emirates Airlines now accepting Litecoin payments, the adoption of Litecoin is accelerating across various industries. The recent consolidation of Digital Assets has also opened new doors for the popularization of Litecoin, and the Telegram wallet is now available to U.S. users, further expanding Litecoin's influence in mainstream communications.
2. ILV
Illuvium (ILV) is hot on the market, rising 45.32% within 24 hours to $19.36, while the overall cryptocurrency market has dropped nearly 2% during the same period. The GameFi project is currently performing outstandingly, with trading volume increasing by 3,223%, breaking through the downward channel. As the altcoin season approaches, traders are beginning to focus on ILV, indicating that gaming tokens are becoming popular again.
After the conclusion of the Leviathan Infinite Tournament on August 5, the game momentum is strong. This event has shifted players' perception from a 'pay-to-win' model to a 'skill-based game'. Meanwhile, the ILV Summer Exclusive Illuvita event (ending on August 14) attracted over 180 faulty Illuvita, indicating high player engagement. A post on X (formerly Twitter) confirmed this news, and this wave of enthusiasm continues to heat up.
Meanwhile, on-chain data also supports this rise. Santiment reports that 2,357 ILV have been withdrawn from exchanges, which is a bullish signal indicating that selling pressure has eased. Technically, this trend is also supported, with RSI at 66.9 (bullish but not overheated), and ILV has turned the resistance level of $14.86 into a support level. The MACD histogram has just turned green, which is usually a reliable signal for a trend reversal.
ILV has risen 87.54% in 30 days, but only 40.29% in 90 days, indicating a new upward trend. ILV's market cap reaches $122 million, still a high beta altcoin worth rotation. If ILV holds the support level at $18.23 (200-day moving average), it is expected to rise further. In a market dominated by gaming themes, Illuvium is currently one of the hot coins to watch.
3. PUMP
The PUMP token of Pump.fun (trading at approximately $0.00312 at the time of writing) has dropped 50% in the past 30 days, but recent momentum has brought its weekly increase to 23%. Meanwhile, its market cap of $1 billion and nearly $600 million in daily trading volume reflect its scale, while its supply of $1 trillion and circulating supply of $354 billion highlight the potential pressure on the tokenomics.
Additionally, the protocol has launched a real-time dashboard (fees.pump.fun), which allows tracking of daily revenue and $PUMP purchases in real time. In just six days, Pump.fun has repurchased approximately $8,740 worth of PUMP, equivalent to 102% of the protocol's total revenue during that period. This transparency highlights the seriousness behind the ongoing buybacks.
Pump.fun also seems to plan a 30-day incentive campaign: according to recent SDK updates, users can earn PUMP tokens based on trading volume, suggesting a maximum of 1 billion PUMP rewards per day, although specific details have yet to be confirmed.
From a technical perspective, RSI is showing neutral to oversold on the 14-day chart (28.6), while the price is trading below the 7-day SMA/EMA. However, the weekly increase suggests that the market is likely to see an initial recovery. Meanwhile, Bitcoin's dominance is close to 60.8%, and the altcoin market is recovering (the altcoin index has risen 48% in 30 days). These data indicate that capital may gradually flow into speculative tokens like PUMP.
PUMP's prospects are trying to find a balance between declining market share, imminent litigation risks, structured buyback support, and speculative incentive programs. Ongoing litigation and supply dynamics have increased downward pressure, but transparent buyback mechanisms and incentives still attract traders' attention.
Brothers, gather in the chat room quickly:
