The market did not crash over the weekend; BTC has returned to 109,000. Looking at the on-chain data, Binance's BTC has been in a state of outflow these days. Generally speaking, Binance has the strongest liquidity, and large holders wanting to sell BTC would typically do so on Binance. However, it seems that these individuals are unable to sell, while mysterious forces keep accumulating. Last week's drop was due to chaotic actions by the government, stating they would not seek an agreement with the EU and would impose a 50% tariff on the EU, as well as a 25% tariff on Apple. This week, there has been a turnaround; just this morning, the government announced the resumption of a 90-day trade negotiation window with the EU, extending the deadline from June 1 to July 9, and unexpectedly changed its stance on trade negotiations with Japan, stating they aim to resolve tariffs before June. This week, it is recommended to patiently hold BTC and not to sell at the slightest dip, as this could lead to missing out. Among altcoins, only BNB and SOL are expected to perform strongly; other coins may shrink during high BTC fluctuations. In the medium term, whether there will be another altcoin rally this year, similar to those in March 2024 and November 2024, I believe there will be. Such a rally will definitely occur when Bitcoin is above the new high range and continues to rise, and altcoins will at least “follow the trend” for a period. Considering that there are still expectations of 2-3 rate cuts this year, and Bitcoin has already entered the “new high” range, there is likely to be another altcoin rally in June or the second half of this year. This conclusion is based on technical analysis and a four-year cycle analysis. However, this rally may be similar in magnitude to that in December 2024, where it is driven by Bitcoin rather than an independent altcoin market. In the long term, whether a super bull market similar to 2021 will occur, I believe it will also happen within the next 10 years. The premise is that an economic crisis first occurs (I think there is a high probability between 2026-2028). An economic crisis has two benefits: first, it will force the Federal Reserve to lower interest rates to 0% to save the economy; second, it will push down the valuations of both stocks and cryptocurrencies to sufficiently low levels. Under this premise, we have hope to repeat the story of 2020-2021, buying leading projects at low levels, thus enjoying another super bull market gain.
Buy the dip on 3 altcoins expected to increase 10 times in the future! 1.MERL
Merlin Chain, as a brand new Layer 2 solution, is gaining increasing attention as it brings smart contract functionality to the Bitcoin network. Merlin employs powerful tools such as ZK Rollup, anti-fraud systems, decentralized oracles, and on-chain data layers to enhance Bitcoin's scalability and efficiency. Zero-knowledge proofs can securely confirm transactions, while fraud challenges help protect the system from attacks and errors.
A major highlight of Merlin is its support for native Bitcoin assets and fully decentralized applications (dApps) on-chain. It can also connect to the Ethereum Virtual Machine (EVM), allowing Bitcoin to run smart contracts. This combination will enable developers and users to enjoy advanced features without leaving the Bitcoin ecosystem. Integration with projects like Ordinals and support for community-driven token issuance further highlight its flexibility.
As of the time of writing this article, the MERL token trading price is $0.1242. The token rose by 15.09% last week and is up 13.08% over the past month. Recent trading volume reached $236.93 million, increasing by 18.22% in just one day. These data reflect the growing interest and confidence of investors in the future development of the project.
Merlin Chain is also exploring the power of artificial intelligence. The launch of the smart AI guide Wizard 0.1 makes it easier for users to understand and interact with the network. Wizard can help users navigate features, enhance engagement, and plans to provide real-time data and trading support in future updates.
By combining artificial intelligence with blockchain, Merlin becomes more user-friendly. These upgrades may help attract a broader user base and position the Merlin chain as a strong candidate for wider application. Given its innovative features and robust community support, the Merlin chain is worth watching and could become the next cryptocurrency to experience explosive growth.
2.XMR
Monero (XMR) continues to rise, recently reaching a high of $408.79, before closing around $401. In the past 24 hours, XMR has risen by 3.21%, and in the past month, it has increased by 79.72%. These gains indicate that privacy-focused cryptocurrencies are receiving increasing support.
Monero was launched in 2012 and has established a good reputation as a leading privacy coin in the cryptocurrency world. Unlike many other tokens, it uses advanced technologies like zk-SNARKs and ring signatures to protect user identities and ensure transaction privacy. These features have made Monero popular among those who prioritize security and anonymity.
Monero's price forecast indicates that by the end of May, its price may slightly rise to around $405. Currently, Monero's market cap is $7.39 billion, and its 24-hour trading volume is $137.17 million. Impressively, the token's trading price is 130.55% above its 200-day simple moving average of $173.50, indicating strong long-term support from investors.
The ongoing growth momentum of Monero is evident; it has risen on 21 out of the last 30 days. The RSI is at 45.60, and the price is currently viewed as neutral, suggesting that a consolidation phase may occur in the short term. However, the overall sentiment among investors remains optimistic. The Fear and Greed Index score is 66 (Greed), indicating that people are optimistic about the future trend of Monero.
3.MOODENG
Moo Deng (MOODENG) is also gaining attention due to its explosive growth. The current price is $0.2956, with a rise of over 676% in the past month. In just the past 24 hours, the token has risen nearly 15%, with a trading volume of $765.12 million, up over 79%. The enthusiasm of the community seems high, which helps maintain this momentum.
A major turning point for MOODENG was its joining the Binance contract platform in October 2024. The MOODENGUSDT perpetual contract supports up to 75x leverage, opening the door for more trading activities. Since then, the price of MOODENG has skyrocketed over 394,000%, with a current market capitalization of $292.65 million. This data indicates that the token has rapidly gained popularity and support in the cryptocurrency world.
From a technical perspective, the market sentiment remains positive. The MACD indicator has recently shown a bullish crossover, and the histogram remains in the positive region, typically signaling a potential price increase. The RSI is currently at 58.29, within a balanced range, still allowing for further upward movement.
Currently, MOODENG aims to break through the resistance level of $0.466 and move towards $0.500. However, the token still needs to maintain its current momentum. A drop below $0.1207 would lead to the next support level at $0.09041. Falling below this point may indicate a shift towards a more pessimistic phase.
