Overall, such market adjustments are not a bad thing; instead, they are a necessary stage on the road to healthy growth. As long as Bitcoin can hold the 100,000 mark, those altcoins will still have good performance space. In terms of operation, I suggest everyone to maintain a steady mindset, don’t chase highs; rhythm is more important than anything else. There will definitely be opportunities, but it requires a bit more patience.

When will altcoins really have a wave of market action? My observation is that every round of altcoin explosion is basically inseparable from Bitcoin's 'leading charge.' Simply put, once Bitcoin breaks through the last high point, it acts like a strong stimulant for the market, and both the funds and emotions will quickly heat up, giving altcoins the chance to take off. Many altcoins' trends now seem to be in a brewing stage; the specific shapes are quite consistent—most of them are in 'descending wedge' patterns, meaning the prices are getting narrower, looking like the eve of an explosion. Currently, these coins have basically reached the upper edge of the wedge; whether they will break through next depends on Bitcoin's attitude.

If Bitcoin successfully breaks through 110,000, it would be a signal, igniting market sentiment and formally establishing a bullish pattern. At that time, many altcoins will start to surge rapidly. However, if Bitcoin hesitates at this position and chooses to move sideways for a while, then the lower edge of the wedge may become a great buying opportunity.

BTC's explosion to 120,000 is only a matter of time! Buy the dip for the future four major 100 cryptocurrencies to get rich!

people

The project people was launched in November 2021, just as the big coin broke its historical high and the bull market was ending. Thus, the explosive force after the launch was relatively smaller. This bull market has already had one wave of explosion; is there a possibility of a second explosion? The total supply of people is 5.06 billion, with a current circulating market value of 128 million and a circulation rate of 100%. As a popular project in the meme coin sector, it still has relatively high attention, and there is still a lot of space above in the bull market. Moreover, the meme sector has been very hot recently, and people has almost doubled in the recent peak.

From the perspective of coin price, looking at the monthly level, we are now near the last wave high point rebound before the end of the last bull market. This position has been tested twice without breaking through. However, if it breaks and stabilizes above 0.03, then there won't be relatively large selling pressure above in the short term. I think the possibility of a second explosion for people is great, but don't expect it to rise by ten or twenty times like the first explosion. Overall, a 3 to 5 times increase is relatively reasonable.

AAVE

This coin's trend is quite stable; it has already doubled from the bottom and is still rising with zero-cost pure profit. Last year, we already doubled our capital in AAVE and COMP. This time it should go to 300. Such coins can also accommodate large funds. This is one of the mainstream coins I have been suggesting everyone to buy the dip around 150. Currently, it seems fine; AAVE's shape is quite good. This coin belongs to the DeFi concept, financial lending sector. When the market conditions are ripe for a bull market, both the main players and retail investors will go to the market to leverage based on on-chain conditions. So lending finance is also the engine of the bull market. In terms of subdivision, AAVE can also belong to the RWA track, which is still not very clear, and now is the time to find opportunities.

DOGE

Dogecoin's peak this round is unpredictable. Dogecoin has fallen from the previous high of 0.48 to 0.13, a decrease of 73%, close to the maximum drop in the bear market. The washout is very thorough. From the peak in December last year to early May, it has continued to drop for as long as half a year, with sufficient chip exchange.

From mid-March to now, the trading volume has remained at a very low level. Although in May it rose from the lowest point of 0.13 to 0.26, with a 100% increase, the trading volume has not significantly enlarged. From the perspective of trading volume, the market is still in a very early stage. This time, Dogecoin's trend is different from past bull markets, accumulating extremely strong energy, and this round's peak is unpredictable!

MKR

The sector with the greatest demand in the bull market is lending. Staking and cross-chain logic mean that if people are reluctant to sell coins, they will stake and lend to get stablecoins to do other things, which will generate a lot of profit happening on the public chain itself. The crazier the bull market, the more staking there will be; various public chains will prosper in the bull market, and cross-chain is a hard necessity.

So the strategy I provided some time ago for everyone to buy the dip on AAVE is fundamentally sound. Lending is a necessity in a bull market, and AAVE has basically monopolized the lending market, with strong backing from the market makers. Currently, AAVE in the lending sector has already risen; if you missed it, you can take a look at MKR.