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Last night, Bitcoin was driven by multiple positive factors, directly reaching an ATH. First, the expectation of interest rate cuts by the Federal Reserve is becoming increasingly clear, and it is certain that there will be a cut by September at the latest. Several Federal Reserve officials have changed their hawkish rhetoric, and the expected impact of Trump's tariffs is not significant, so market confidence has been restored. Bitcoin reached ATH, and several micro-strategy companies have been continuously buying ETH, directly pushing ETH over the $3000 mark, which will to some extent drive the real rise of altcoins.
In the coming period, with the launch of RGB and other mainnets, new gameplay and narratives will undoubtedly emerge, so everyone must stay alert and cherish the super bull market in the second half of the year. Currently, market funds have not fully entered, and significant fluctuations are expected in the coming weeks, accompanied by phase-based large ups and downs, leading to a washout of holders. If we consider the market situation in April this year as the initial warming, the situation in August-September will become the real main battlefield. It is recommended that investors allocate in batches and buy on dips to prepare for the future altcoin market.
BTC is about to soar to a new high of 150,000! A major market surge is coming with 4 major altcoins expected to explode by 100 times!
BONK
The momentum is quite strong now. In the comparison of platform trading volume over the past 24 hours, Pump is still at a 1:3 compared to letsbonk. Currently, PUMPFUN has been completely surpassed by letsbonk.
Moreover, BONK has started a massive buyback. Whether this is for real action or to take advantage of the situation to sell off will be clear in a few days. However, in the following days when PUMP issues tokens to suck blood from the altcoin market, if BNOK crashes, it could be a good opportunity to buy at the bottom.
SYRUP
The 6-hour MACD indicator has been exhausted. Before reaching a new high, the time frame between previous highs and local lows is similar— the time interval from the previous high to the new high was 25 days. SYRUP has retraced from $0.66 for 15 days, combined with a healthier macro environment.
Pay attention to the upward momentum here, especially in the case of sustained growth in total locked value (TVL). A pullback to around 0.4 may be a good opportunity for spot entry.
PNUT
Squirrel continues to soar. The strategy I previously provided was to buy at 0.2, which is intended for long-term holding. I am optimistic that PNUT will be the second PEPE, and it seems to be trending more in that direction. Each version brings forth a new god, and this generation's gameplay is undoubtedly in the MEME track, similar to DOGE and SHIB from previous cycles, PEPE from the last cycle, WIF and BOME from last year, and now PNUT, MOODENG, and NEIRO this year.
PNUT is expected to be the hot meme in this wave of market activity. Musk has completely opened the ceiling for peanuts, stating that squirrels and meme coins have saved America. According to this narrative, the ceiling for squirrels has been lifted again, and a FDV of over 1 billion is reasonable.
SUI
Recently, SUI's actions have been accelerating. The project team and foundation have noticeably increased their efforts to support the ecosystem, and new opportunities continue to emerge. Not long ago, an important DEX in the SUI ecosystem—Cetus—experienced a security vulnerability, which had a significant impact, causing a noticeable decline in the entire ecosystem's locked value (TVL) and trading volume. Fortunately, the foundation intervened immediately to provide support, and Cetus completed full compensation and resolved the technical issues. Recently, its coin price has shown a noticeable rebound, marking a recovery from the low point.
SUI is advancing its ETF (Exchange-Traded Fund) application. This is generally just a matter of time; as long as the fundamentals are stable, the possibility of approval in the future is high. SUI's performance is worth looking forward to!
