Bitcoin fell back to the 6.3 support level. Which altcoins can be deployed now?

The market is full of uncertainty recently. As the Federal Reserve released a signal of interest rate cuts, Bitcoin successfully rebounded to above $63,000 this week, reaching a high of 65,000. The market began to show signs of recovery, but high volatility still accompanies it.

The most promising currency in the second half of the year

LINK: A bridge between blockchain and real data

LINK is a pioneer in decentralized oracle networks. Its core value lies in its unique function of introducing external real data to the blockchain, allowing smart contracts to interact with real-world events, prices, information, etc.

In an era when RWA (real-world asset tokenization) is increasingly valued, Chainlink ($LINK) technology is particularly important for institutions. Chainlink is providing companies and developers with solutions to the tokenization process, including the development of tokenization platforms, accurate data transmission, and on-chain identity assurance.

Despite a 0.3% drop in the past month, LINK's price has risen by 105% in the past year, indicating that the recent LINK price is still undervalued by the market.

MATIC: A powerful tool to solve Ethereum's scalability

MATIC is a layer 2 expansion solution designed to solve Ethereum's scalability problem. As the application scope of Ethereum expands, network congestion problems have gradually emerged, and Polygon has become a key player in the Ethereum ecosystem by providing faster and cheaper transaction processing methods.

Polygon is scheduled to upgrade its mainnet on September 4, 2024. After the upgrade, $POL will replace $MATIC and become the main token for gas fees and staking functions in the initial stage of the network. Polygon's actively expanding strategic partnerships and technological innovations show that there is still great potential for development in the future.

Since the beginning of the year, the price of MATIC has fallen by about 45%, but in the past week, its price has rebounded by more than 30%, indicating that investors are optimistic about the growth potential of $MATIC after the upgrade.

ALGO: Focus on security and scalability

ALGO is a member of the old public chain, known for its emphasis on scalability, security and decentralized proof-of-stake (PoS) consensus mechanism, with the aim of solving the blockchain's impossible triangle: speed, security and decentralization challenges.

In recent years, ALGO has actively participated in a number of innovative projects in the traditional financial field, including the development of central bank digital currency (CBDC), which can further consolidate its technical foundation and market position. As decentralized finance and traditional finance gradually intersect, ALGO has huge application potential.

ALGO has fallen 35% since the beginning of 2024. This is because the market still lacks awareness of its potential. Such underestimation has the opportunity to become a good opportunity for long-term investors.

Follow me to bring you more information about the currency circle.