Let's talk about the recent basics concerning altcoins; recently, many second-tier altcoins have shown a gradual change in trend, no longer continuously declining but starting to show consistency in gradually higher lows, indicating that the market may be entering the 'final wave of washout.'
If the upcoming market continues to decline, such as falling back to around the launch point of May 7, or even briefly dropping below that, it could trigger collective panic. Many will cut losses at that time, often referred to as the 'emotional bottom.'
We've calculated that, in extreme cases, altcoins may still have an average downside potential of 15%-20%; Ethereum is currently at $2600, and if it truly falls back to $2200, that would correspond to about a 15% drop, and the technical support level coincides.
Additionally, Bitcoin's market rebound may surge to 66%, during which the declines of altcoins may also intensify. If Bitcoin drops by 7% and total market cap decreases by 10%, then altcoins may need to drop by about 13%.
Of course, this is just an average; mainstream coins like Ethereum may drop around 10%, while lesser-known small altcoins may drop around 20%-30%.
Thus, we recommend setting trading ranges by levels:
• Ethereum: start accumulating gradually around 2400;
• Quality second-tier coins: expect a 15%-20% drop;
• High-risk small coins: it’s best to be prepared for 20%-30% attention.
Brief summary:
• Altcoins may still have 15%-20% of downside potential;
• ETH's critical support is around 2200;
• Set trading ranges by coin type, treating them differently;
• Equip 30% cash for short positions;
• Ethereum: start accumulating gradually around 2400; the sentiment bottom may be approaching;
• If the market rises directly, don't chase; maintaining discipline is more important.
Buy the dip on 3 altcoins with potential 10x growth! 1.MASK
Mask Network (MASK) has shown strong performance recently, with an astonishing increase over the past month. In fact, its price has risen more than 147% in the past 30 days, increasing by 47% just in the past week. These gains have boosted MASK's market cap and trading volume, showcasing strong growth momentum.
Market experts are becoming increasingly optimistic about MASK's future. Some even predict that by the end of the third quarter of 2025, its price could reach $5.95. Even if the market turns bearish, the token is expected to remain above $2.579, showing resilience during uncertain times.
MASK's growth has largely benefited from smart partnerships and acquisitions. In September 2024, the project acquired the decentralized identity platform Nametag. This deal enhanced MASK's own identity service Next.ID, allowing users to manage their online presence more securely and independently.
The real advantage of Mask Network lies in its perfect integration of Web3 tools with conventional Web2 platforms like Twitter and Facebook. Users can send encrypted messages, make payments, and store files without leaving their commonly used social media applications. This allows ordinary users to easily experience blockchain technology without switching platforms.
Mask Network has also partnered with well-known institutions in the blockchain development field, DWF Labs. The two aim to create a stronger, more decentralized social layer, a key step towards a user-friendly Web3 future.
2.BONK
Bonk has surged, rising 2.31% in the past 24 hours, with a trading volume exceeding $133 million and an increase of 10.6%. Although its momentum has weakened since hitting a historic high of $0.00005854 in November 2024, the current price trend indicates renewed interest from retail investors. The token's current trading price is $0.00001678, maintaining high liquidity and moderate volatility, with a market cap exceeding $1.3 billion.
Bonk is Solana's first dog-themed meme coin, aimed at replacing centralized cryptocurrency projects with a human-driven alternative. 50% of Bonk's supply has been airdropped to users, positioning it as an “anti-Alameda” token. This grassroots origin, combined with Solana's remarkable speed and low fees, has helped it establish credibility in the realm of on-chain utility, where memes rarely venture.
Although there are no new headlines today driving stock prices up, investor sentiment leans towards greed, with the Fear and Greed Index at 64. Meanwhile, Bonk's trading price is an astonishing 727% above its 200-day SMA, but still lags behind its annual performance, having dropped 50% since last June.
In the long run, Bonk attracts investors who bet on community-first assets with room for growth. In the past month, Bonk has increased for 14 days with a volatility of 11%, which is relatively stable for a memecoin. Bonk ranks in the top five among memecoins and fourth among Solana tokens, further enhancing its legitimacy.
For investors seeking the best meme coin investment opportunities, Bonk is a bold and wise choice. With high-speed network support, strong liquidity, and a loyal user base, it bridges the gap between meme culture and technological potential. Although its past performance has been mixed, current indicators suggest room for growth, especially in the presence of new catalysts.
3.DOGE
In the past 24 hours, Dogecoin has risen 0.62%. Despite a general market downturn, it still shows resilience. Although Dogecoin is 11.48% below its 200-day simple moving average (SMA), its 6.5% monthly increase and high trading volume indicate ongoing market interest. Despite Dogecoin's 16.1% drop in the past week, the 8.5% surge in trading volume suggests that traders remain active and closely monitoring.
Dogecoin was launched in 2013 as a joke and has since developed into a top meme coin with lasting impact. It employs a proof-of-work mechanism, supporting fast and low-cost transactions, and can be merged mined with Litecoin. With its lighthearted brand image and vibrant community, Dogecoin remains one of the most worthwhile meme coins to invest in. It is particularly suitable for small transactions and online tipping.
While there hasn't been significant news from Dogecoin's official channels, its trading activity speaks volumes. The RSI is currently 73.82, firmly in the overbought zone, indicating a risk of a pullback in the short term. Meanwhile, although the Fear and Greed Index still shows “Greed” at 64, market sentiment has turned bearish. This contradictory pattern may warrant caution.
Nevertheless, Dogecoin continues to attract high-risk investors and nostalgic traders in the meme coin space. Its active community, reliable merged mining with Litecoin, and low transaction costs make it an attractive long-term hold. Additionally, in the past year, Dogecoin has outperformed 73% of cryptocurrencies ranked in the top 100, with an annual growth rate of 20%.
Despite only 50% of the days in the past month showing an increase and a volatility of 11%, Dogecoin's strong liquidity, $22.9 billion market cap, and its top ranking among meme coins ensure it remains heavyweight. For investors focusing on mature meme assets, high liquidity, and popularity, Dogecoin is definitely worth mentioning in today's list.
Brothers who haven’t gathered in the chat room yet should hurry up: