Use money that you can afford to lose to bet on the potential profits.
The total market capitalization of the cryptocurrency market has surpassed $4 trillion, and various messages are flying everywhere. Facing popular coins like XRP, SHIB, and PEPE, it would be a lie to say I am not tempted, but jumping in casually could be very painful.
Why is the market so hot?
U.S. policies have indeed relaxed: The (GENIUS Act) has set rules for stablecoins, and the SEC has clarified which tokens are considered securities, making it more reassuring for large funds to enter the market.
But please note: The market has risks, don't be fooled by exaggerated information. For example, there was an article claiming Bitcoin would rise to $120,000, which is clearly false news. The historical highest price of Bitcoin remains around $73,000, created in March 2024.
Below, I will analyze these three coins in plain language to help you see if they are really suitable for 'bottom fishing'.
1. XRP: A stable faction with an 'official background'?
What is it?
Mainly engaged in cross-border payments, aiming to replace the slow and expensive systems like SWIFT. It has a solid background and has interacted with the White House in the U.S.
. Previously won a part of the lawsuit against the SEC, the court said its retail trading does not count as securities, compliance is ahead of many coins.
What is the current situation?
Currently, the price fluctuates between $2.80 and $3.06
. The good news that everyone was expecting (such as interest rate cuts, ETFs) seems to have not caused it to surge, possibly because the news was digested by the market in advance.
Can it really rise?
In the short term, it needs to break through the resistance level of $3.60 to open up upward space, and after breaking through, it may test $4.
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Analyst Dark Defender pointed out that if momentum continues, the Fibonacci targets are $3.68, $4.39, and $5.85 respectively.
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Key is October: The SEC will decide whether to approve the XRP spot ETF at that time.
. If approved, it will attract a large amount of institutional funds, and the price may rise quickly.
Summary: XRP is considered to be the most 'stable' among the three, but it needs to break through key resistance levels to open up upward space. ETF decisions are key catalysts, but don't put all your hopes on this.
2. Shiba Inu (SHIB): Not content to just be a meme coin
What is it?
Originally a meme coin that rose with Dogecoin, but it is not content with that, it has been working hard to do real things, such as creating its own layer 2 network Shibarium, wanting to make itself more useful, not just speculation.
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What is the current situation?
The price is around $0.00001209, recently down 6%.
. Technical analysis shows it may test the support level of $0.00001050, and if it falls below this position, it may continue to decline.
Can it really double?
In the short term, if it can break through the resistance level of $0.000022, it may rise.
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However, the price of SHIB is largely influenced by the behavior of whales (large holders), and their large transactions can lead to extreme price fluctuations.
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Long-term performance depends on whether its ecological development can succeed and whether it can maintain an advantage in competition with other emerging MEME coins.
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Summary: Among meme coins, SHIB is considered to be relatively diligent and substantial. The risk is greater than XRP, but if you bet correctly, the return may also be higher. However, be cautious of whale manipulation and market competition.
3. Pepe Coin (PEPE): Pure sentiment indicator
What is it?
This is a pure meme coin, its value comes almost 100% from people finding it fun, having memes, and forming trends. Even Elon Musk has changed his profile picture to it, which is its biggest advantage.
What is the current situation?
(Search results did not provide the latest price and data for PEPE, the following analysis is based on its general characteristics as a MEME coin)
Price fluctuations are extreme, completely driven by market sentiment and social media popularity. There is no actual use support, nor is there a technical team pushing ecological development behind it.
How much can it rise?
It completely depends on the mood: if the market enters the 'meme frenzy season', as one of the leaders, it may quickly rebound or even reach new highs.
High risk: This is the one with the highest risk among the three! Price fluctuations are extremely stimulating, it may surge in an instant or suddenly drop to zero.
Summary: This is prepared for those who seek excitement and want to gamble for high returns. You can only play with a small part of money that you can afford to lose completely.
Suggestions:
Don't go all in: No one can predict the lowest point. If you really want to buy, it's best to buy in batches or regularly buy a little, so that the cost can be averaged and you won't buy all at the peak.
Make good asset allocation: You can divide the money into several parts:
Big part seeks stability: Buy Bitcoin and Ethereum.
Medium part bets on returns: Buy projects like XRP that have real projects.
Small part gambles on luck: Use a little spare money to buy SHIB and PEPE, the kind that won't hurt if you lose everything.
Do your own research: This article is just one opinion, don't treat it as the only investment basis. It's best to understand what this project is really doing before buying.
Beware of false information: When you see exaggerated data (such as 'Bitcoin at $120,000'), you should immediately doubt the reliability of the entire article.
These three coins represent three different choices: XRP bets on 'policy and strength', SHIB bets on 'community and ecology', PEPE purely bets on 'market sentiment and luck'.
They all have opportunities, but the risks are getting bigger. Think carefully about how much risk you can bear before deciding how to bet. Remember, the cryptocurrency market is highly volatile, and never invest money that you cannot afford to lose.
After National Day, there will be a bigger market trend, seize the opportunity, the bull market is still on
