Bitcoin is currently testing the bottom support for the second time. This week, it is crucial to pay attention to whether it can gain effective support around 112000. If it breaks below, then there will be a need for further downward adjustment 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 small. There are currently several operational strategies at the altcoin level:
Pump strategy led by Alon, focusing on meme coins and pump tokens called by Alon;
Alpha strategy led by Binance, focusing on alpha that has already been listed on Binance contracts, as well as the next opportunity with MYX;
An OTC warehouse strategy led by stock market financing, focusing on targets that have already announced OTC financing to purchase cryptocurrencies, which is also easy to select;
XRP
Following the market adjustment, it has come back to around 2.9, which is a position where purchases can be made freely. The operators have been oscillating between 2 and 2.9 for 8 months without selling, and it is even less likely now. The final review deadline for XRP ETF is October 25, which means that at the latest, the XRP ETF will be approved in October. Before approval, I think XRP will be at least $5, and then wait for ETF funds to enter the market; it won't be foolish to wait until the ETF is approved to start.
People in China have always been lukewarm towards XRP, while Japan, South Korea, and the US are more fond of XRP. The main narrative is cross-border payments, and its stablecoin RLUSD recently broke through a market value of 600 million. XRP is a typical project with both soft and hard power; remember this mantra: When in doubt, XRP!
SEI
Currently regarded as one of the most undervalued cryptocurrencies. In July, its trading volume reached $73 billion, with nearly 500,000 new wallets created, even surpassing Ethereum and Avalanche. Its daily trading volume reached $54 million. The total locked value of SEI has grown from $28 million to over $600 million, and it has received support from well-known companies like Circle.
There is demand at the support level of SEI, the first step of the rebound is to look at the small previous high, which is also the position of the trendline resistance. Break through this place to see higher targets.
PEPE
Entry expectation is around 0.895, the logic is very simple, betting on PEPE is betting on the next wave of altcoin trends! As for the next local altcoin season, it must start with MEME. I understand the current state of VC very well! The wealth creation effect cannot appear in VC! In contrast, PEPE is the strongest secondary MEME Token in the past two years! Buy strong, not weak!
RENDER
A decentralized GPU computing protocol that occupies a strategic position with the growing global demand for GPU computing, especially with the booming development of AI applications. Render's powerful use cases, scalability based on Solana, and continuous product releases make RENDER a realistic candidate for the next explosive growth cryptocurrency, especially in the context of DePIN or AI ecosystems accelerating large-scale adoption.
