#Bitcoin: Long-term target of $150,000, altcoins may be more active in the later stages of the bull market
Bitcoin's current price is $116,213.74, with a market cap exceeding $2.31 trillion. Although the price has slightly decreased by 0.36% in the past 24 hours, trading volume has increased by 4.9% to $62.65 billion, indicating strong potential demand.
Most long-term investors and institutions remain optimistic about its current bull market target of $150,000, with dominance indicators supporting this expectation.
However, historical experience shows that during the later stages of a bull market, low market cap altcoins often perform more aggressively. As market bullish sentiment heats up, Gas fees decrease, and blockchain infrastructure expands, investors begin to focus on emerging projects that may bring high returns.
#Remittix (RTX): Practical altcoin stands out
As Bitcoin approaches its target, Remittix ($RTX) is attracting attention with its cross-border payment practical scenarios. The project focuses on instant transfers from cryptocurrency to bank accounts, covering over 30 countries, aiming to bridge the gap between blockchain and traditional finance, targeting the global $19 trillion remittance market.
Currently, Remittix has sold 585 million tokens at a unit price of $0.0895, raising over $18.4 million. Its core highlights include:
• The Beta version of a mobile wallet with real-time forex functionality will be launched in the third quarter;
• Launching a $250,000 marketing bonus campaign to attract users;
• After reaching the soft cap of 18 million dollars, a 40% token purchase bonus will be offered;
• Smart contracts audited by CertiK, liquidity and team tokens locked for 3 years;
• Developing cross-chain functionality to support low Gas fee cross-chain transfers.
As a platform addressing practical needs, Remittix supports over 40 cryptocurrencies and more than 30 fiat currencies, featuring a simple interface, passive income functions, and business APIs, making it a potential token worth watching under $1.
#Cardano (ADA): Rising against the trend when Bitcoin encounters resistance
As Bitcoin struggles at the resistance level of $117,500, Cardano ($ADA) has risen 4.88% against the trend in the past 24 hours, with daily trading volume surging 74%, indicating strong market interest.
Technical indicators show that ADA, with the help of Fibonacci analysis, has found support at the 61.8% retracement level of $0.673, with the June peak of $0.73 becoming a support level, a clear bullish signal.
Chaikin Money Flow (CMF) reached +0.06, and MACD remains above the zero line, indicating strong buying pressure.
Short-term targets point to $1.03 and $1.20 (Fibonacci extension levels, aligning with the strong resistance area in November-December 2024).
On the 2-hour chart, ADA has turned the resistance level of $0.78 into support, and as long as it remains above $0.755, it still holds buying value.
To summarize
Bitcoin has a clear long-term target, but as the bull market progresses, opportunities for altcoins are emerging. Remittix, with its practical scenarios and early momentum, has become a potential target, while Cardano shows independent upward momentum when Bitcoin encounters resistance. Investors need to consider their own risk tolerance and closely monitor key support levels and market trends.