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BTC initially ignited market sentiment, but unfortunately, the good times didn't last long, and the price quickly fell back down. Although it was only a brief new high, it was still a historic moment worth noting. I don't think the 125,000 position for Bitcoin is too much resistance; from today's trend, this type of rally and pullback pattern can easily undermine short-term bulls' confidence. Next, we will see if the so-called 'mystical time window' in mid-August can deliver; if it turns out, as some speculate, that an exchange rate of 0.04 may be completed through a drop in BTC, then it would mean that funds will continue to tilt towards ETH in the short term.
On the ETH side, it is just two points away from its historical high, but since that high was four years ago, its impact on the current market is actually limited, serving more as a symbolic significance. The real key point this year is still the 4100 position, and breaking through the 5000 barrier will be much more difficult. Recent trends suggest that ETH's rhythm is healthier than Bitcoin's, and its volume and structure are more stable, so funds may linger on it for a longer time.
A big market may soon take off again! The four most stable 100x altcoins in the bull market!
BNB
BNB is about to undergo a strategic upgrade; every pullback will be an opportunity to increase positions. First, let's look at the technology. The BNB chain has completed the 'Maxwell' hard fork, reducing block time to 0.75 seconds, with a future target of 0.2 seconds. Speed means experience, which means it can support larger-scale application scenarios, especially in 'financial-grade' scenarios: global remittances and cross-border payments, all of which require second-level confirmations.
Secondly, look at the capital. Not only crypto players, but Wall Street institutions and US-listed companies' strategic reserves have already taken action.
ADA
In March, the Trump administration included ADA in the national strategic cryptocurrency reserve, making it an official asset. This move directly stimulated institutions to begin allocations; today, the US 401(k) funds allow investments in cryptocurrency assets, and ADA was immediately pursued by institutional funds.
Technically, Cardano's Voltaire governance upgrade is in its final testing phase and is set to launch in September, which will enable decentralized on-chain voting and directly enhance network efficiency. The market is waiting for an ecological explosion. Compared to its ecosystem, ADA's market cap is clearly undervalued, making it a target for capital influx.
XRP
XRP should be one of the mainstream coins favored in the second half of the bull market, besides ETH. It's only a matter of time before Ripple fully enters the main uptrend. Many people believe its market cap is too large for significant gains, but I believe XRP will respond to these doubts with its price increase. The two main lines of logic behind XRP are gradually converging: cross-border payments + RWA. This is what XRP has been doing from the beginning, and now the biggest uncertainty—the SEC lawsuit—has been resolved, allowing Ripple to finally get to work. XRP is primarily used for institutional transfers and is rarely used by retail investors.
In the short term, there are two major positive developments in the works: Ripple is advancing its application for a banking license in the US, which, once obtained, will directly connect to the financial infrastructure. The XRP spot ETF is expected to launch no later than October, along with Japan's BTC & XRP dual ETF, which represents a real new influx of capital. Let's quietly wait for XRP's main uptrend to arrive.
SUI
Currently, it has been consolidating sideways, but I still believe SUI can enter the top ten by market cap in this round of the bull market. The first wave will be from late 2023 to late March 2024, and the second wave will be from October 2024 to January 2025.
So, the situation is still undecided, and all altcoins are dark horses. A dark horse that can enter the top ten by market cap needs to have the capacity to absorb large funds. Therefore, the track for dark horses to emerge must either be meme, DeFi, or public chains.
