In recent days, ETH has shown more resilience than other coins, meaning it has dropped less during the market pullback, signaling an important message: major funds may not intend to sell off too much anymore, suggesting they might have completed their earlier adjustment goals.
Next, the focus should be on the trends of altcoins. The current situation resembles a phase of 'final round sentiment clearing'—many are starting to panic and cut losses, which often indicates a near-term reversal.
So we can draw several fairly clear conclusions:
1. Altcoins are undergoing the final round of cleansing, which is the 'extreme panic' phase before a rebound.
2. If Bitcoin can stabilize below $100,000 during a pullback, it could become a key turning point for market sentiment.
3. Ethereum's resilience indicates that the capital flows behind the market are nearing completion, and the structure may be about to strengthen.
4. The real 'golden pit' is not found by guessing, but is excavated when everyone is most panicked and least confident, from the 'emotional extremes'.
3 altcoins with 10x growth potential!
1. JTO
Jito Network (JTO) is a key player in the Solana ecosystem, known for its liquid staking solution JitoSOL and its MEV (Maximal Extractable Value) product suite. By converting SOL to JitoSOL, users can maintain liquidity and seize DeFi opportunities while earning staking rewards. What sets JitoSOL apart is the additional income generated from MEV trading revenue on Solana.
The Jito Foundation is committed to mitigating the negative impacts of MEV while enhancing the transparency and fairness of its earnings. The foundation has developed an open-source validator client that conducts MEV auctions within each block. Traders bid to seize MEV opportunities, and the highest bidder can capture arbitrage profits, benefiting both the network and JitoSOL holders through shared rewards.
The price of Jito (JTO) is $1.7169, having risen by 3.92% in the past 24 hours. The trading range for the token has been between $1.6136 and $1.7265, indicating a steady increase and growing market attention, making it one of the biggest gainers in cryptocurrency today.
Jito has launched a new (re)staking feature that allows users to stake any SPL (Solana Program Library) asset across multiple networks simultaneously. This innovation enables users to earn additional rewards while protecting various networks, enhancing the utility of SPL tokens within the Solana ecosystem.
This development marks an important step toward maximizing the efficiency and flexibility of user assets. By supporting cross-network synchronized staking, Jito enhances users' potential to earn rewards and contribute to network security, thereby attracting more participants and promoting the growth of the Solana ecosystem.
2. UNI
Uniswap (UNI) is currently trading at $6.07, having risen by 16.50% over the past month. From a technical perspective, UNI appears to be in a neutral zone. The 14-day relative strength index (RSI) is at 56.09, indicating that the asset is neither overbought nor oversold. Short-term price movements may show sideways consolidation.
Additionally, the 30-day volatility is at 11%, which is moderate for crypto assets. This indicates that prices have fluctuated, but not to the extreme levels common in small-cap or speculative assets.
Recently, a compelling dynamic is stirring the market. After a three-year silence, a Uniswap whale has reemerged, purchasing 662,606 UNI tokens worth approximately $3.97 million. This transaction was flagged by Lookonchain and has caused a sensation among traders.
With the price maintaining around $6.07, the average buy price of $5.99 has generated approximately 1.34% in unrealized profit. Given that this 'whale' purchased UNI at $3.87 in 2020 and achieved historic success by selling around $42.88, this action serves as a potential bullish signal even amidst widespread bearish sentiment.
3. VET
With the launch of the 'VeChain (VET) Revival: Caladiga' upgrade, VeChain is undergoing one of its most significant transformations in history. The first phase of the upgrade has been successfully deployed on the testnet, marking a crucial milestone for the most transformative technology and tokenomics changes in the VeChain ecosystem.
The team currently plans to launch the mainnet on July 1, which will once again draw attention as the project moves towards greater scalability, decentralization, and long-term sustainability. This upgrade will be divided into three phases: Galactica, Hayabusa, and Intergalactic.
Despite an ambitious roadmap, VeChain's price performance has been disappointing in recent months. The current trading price of the VET token is $0.02427, and it failed to break the resistance level of $0.034 in May.
Despite the overall positive sentiment in the cryptocurrency market, with the fear and greed index at 64 (greed), the current market sentiment surrounding VeChain is bearish. From a technical perspective, the 14-day relative strength index (RSI) is at 69, nearing the overbought zone, but currently still indicates that the market is in a neutral to sideways consolidation state.
Despite a lackluster price trend, VeChain's development progress, robust infrastructure goals, and clear upgrade roadmap all indicate its potential long-term value. The VET token is expected to rise moderately in the short term, with a forecast increase of 2.71% in June, reaching $0.025041.
If the mainnet upgrade on July 1 is successfully executed and receives a positive response, it could serve as a catalyst for rekindling interest and upward price momentum.