Yesterday, a large bullish candle changed beliefs, and many brothers have shifted their views, starting to invest more. Is this appropriate? How will the market trend next?
Firstly, gold seems to be stagnating. The target price of $3,500 we mentioned last week was precisely hit, and after reaching $3,500, gold has entered a massive震动模式. According to our previous analysis, the gold price surge is nearing its end, and some funds and attention will shift to BTC, bringing positive news. Various signs indicate that sovereign wealth funds, listed companies, and American elites are increasing their BTC holdings through ETFs and the spot market, while retail group friends are selling BTC.
Currently, countries like El Salvador and Bhutan have included Bitcoin in their foreign exchange reserves, and more details about the U.S. BTC strategic reserves are expected in May, which could bring positive news. Some state governments in the U.S. are also pushing for related legislation. While purchases may not start this year, many states are likely to begin buying BTC next year.
From on-chain data, BTC has continued to flow out of exchanges from yesterday to today, but stablecoins are also flowing out, and altcoins remain risky. If BTC pulls back, altcoins may also suffer damage, so it is advised not to chase after some skyrocketing meme coins. Currently, it is suggested to hold over 50% of the position in BTC, and altcoin positions should not exceed 30%. Patience is key; just wait for the rise! For those who haven't entered yet, please do not buy in all at once; be cautious of a pullback and consider buying in batches daily.
Focus on 3 altcoins that could see a 10x rise in the next bull market! 1.IMX
Immutable (IMX) is hot in the cryptocurrency market, with a daily increase of up to 56%. This price surge coincides with heightened excitement around a potential important collaboration. Bitcoin's recent rise has also fueled this increase. On April 23, IMX set a new daily high of $0.687, almost double its price at the beginning of the month. Currently, its market capitalization is about $1.19 billion, with trading volume surging over 890%, reaching $479.58 million.
This move is largely driven by activity in the derivatives market. According to CoinGlass, the number of open contracts (active contract count) surged 96% overnight, reaching $54.4 million. Although this includes both buyers and sellers, the price increase of the token indicates that many are betting on further price rises.
Co-founder Robbie Ferguson revealed a 'billion-dollar' deal that has been in preparation for two years, sparking heated discussions. Although specific details have yet to be disclosed, the possibility of such a large collaboration has excited investors, with many hoping that real news could further boost stock prices.
The rise of IMX aligns with the overall trend of game-related tokens. Tokens such as Gala, Sandbox, Axie Infinity, and SuperVerse have all risen between 5% and 20%. Bitcoin's recent surge to nearly $94,000 has pushed the entire cryptocurrency market back above $3 trillion, further propelling this positive trend.
Global news has also added to the optimism. U.S. Treasury Secretary Scott Bancen hinted at easing tensions with China, while the newly appointed chairman of the U.S. Securities and Exchange Commission, Paul Atkins, is expected to adopt a more friendly cryptocurrency policy.
In addition, the Immutable NFT network is also showing vibrant vitality. In the past month, the platform's sales increased by 2.4%, reaching $24.6 million, and the number of active buyers and sellers grew by more than 50%. Overall, IMX looks stronger than ever.
2.ALCH
Alchemist AI is making waves in the cryptocurrency space. In the past 24 hours, the token has risen by 36.17%, reaching a price of $0.2116. Its unique platform is eye-catching, allowing anyone to build applications simply by inputting a few words, without any programming required. This AI-driven tool is easy to use for both beginners and experienced developers, making it a standout in the rapidly merging fields of AI and cryptocurrency.
Alchemist AI's exposure on mainstream exchanges such as Bybit, Gate.io, and CoinMarketCap is also continuously increasing. In just the past day, its trading volume soared to $163.12 million, an increase of 252%. Its liquidity ratio is as high as 3.1208, indicating that trading is very convenient.
Despite its volatility reaching 33% in the past month, the token's win rate remains as high as 50%. This indicates a reasonable balance between risk and return for investors. As our preferred choice in the 'next explosive cryptocurrency' series, Alchemist AI combines AI tools with strong market interest.
3.POPCAT
Popcat has surged 21.47% in the past 24 hours, rising to $0.300285, once again proving the power of meme culture. As the second most investable meme coin on our current list, POPCAT continues to rise. Its daily trading volume is as high as $130 million, with an increase of 63.50%, drawing significant attention.
This Solana-based token originally emerged from the viral Popcat meme in 2020. It has no practical utility, but that is precisely its charm. Unlike traditional assets, it thrives purely on humor and hype. Thus, it ranks 13th among meme tokens and 10th among Solana tokens. Its strong community and unlimited meme potential keep it continually appealing.
Additionally, POPCAT's performance has also been impressive. It has risen 15% in the past week, 121.3% in 14 days, and 48.1% in the past month. Not only that, but it also boasts high liquidity, with a trading volume-to-market cap ratio of 0.9591, and volatility of only 20%. Impressively, it has maintained an upward trend for 19 out of the past 30 days.
Moreover, in the past year, it has outperformed 70% of the top 100 cryptocurrencies by ranking. While long-term growth remains uncertain, its short-term gains and viral spread make it an ideal choice for investors seeking quick profits and meme mastery. In summary, Popcat embodies meme influence, strong metrics, and viral momentum. For those eager to catch the next wave of meme trends, this token not only offers excitement but also potential returns, making it a must-have in today's market.
