The recent trend has proven that the previous rise of ETH was a self-rescue trend in the market, taking advantage of this rise to explode short positions, and then bursting in the subsequent downward trend. Despite the unexpected trend in the past, it still failed to break the previous high point, and now it has returned to the lower-middle position of the range. This indicates that ETH has been on a downward path, and there is no need to be too attached to currencies that have not experienced absorption and position building. Clearly, the strength of the ETH sector is still there. The collapse of ETH will inevitably lead to new currencies advancing to the position of number 2, with some saying it will be BNB. However, the trend for platform coins has already passed, and there is no room for speculation after the trend. It is equivalent to being naked when trading platform coins on someone else’s platform, with all data being visible, ultimately standing in opposition to the majority, without any real technical expertise. In addition, the collapse will not come in the short term, at least it will take a few years.
After the halving, how long does it take for BTC to skyrocket:
1. According to inductive reasoning, BTC usually starts to skyrocket 3-5 months after the halving.
2. In the second halving, which occurred on July 9, 2016, the skyrocketing started 110 days after the halving.
3. In the third halving, which occurred on May 11, 2020, the skyrocketing started 163 days after the halving.
4. Combining the second and third halving situations, the bull market skyrocketing started approximately 3-5 months after the halving.
The most recent fourth halving will occur on April 20, 2024.
According to previous calculations, the time interval for the start of the rise after the halving is from August 8, 2024, to September 30, 2024, which is 1.5 to 3 months from now. Considering the current race, the timing may be earlier.
5 cryptocurrencies with 100x potential in the 2024 bull market:
1. OP
Optimism (OP) is a project focused on expanding the Ethereum blockchain. Optimism implements a second-layer scaling solution on the Ethereum blockchain, promoting faster and cheaper transactions compared to the main network. Optimism’s native token, OP, aims to facilitate decentralized governance and improve Ethereum’s scalability.
2. TON
Toncoin’s price has been steadily rising and is currently near $8. If it successfully breaks through $8, it may quickly reach $9. TON’s price is currently at $7.6, showing stable trends and indicating potential for further increases.
3. ENS
ENS has formed a head and shoulders pattern and is poised for a significant breakout if it successfully crosses the $30 mark, potentially leading to a 10-15% increase.
4. ARB
Arbitrum (ARB) is currently trading between 71 and 90 cents, facing resistance at $1.01 and support at 63 cents. There is potential for an upward movement if it breaks through the resistance, with a target of $1.20.
5. SOL
Solana (SOL) is trading between $120.65 and $144.15, showing a stable trend. It has the potential to reach $159.67 and $183.17, signaling a potential 24% increase.
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