BTC experienced a 20-day decline from 72000 to 58000, and has been stagnant for three consecutive days. Whether it can stop the decline and form a new round of rise still needs to be observed. ETH is stronger than BTC, but still does not have an independent market.
Yesterday, Solana’s performance was the most outstanding, with Sol, Bome, Jup, and Wif all experiencing a volume surge, but it was a small-scale high-volume surge, and the sustainability may not be strong.
Despite BTC’s rise yesterday, coins with good previous gains were in decline, indicating a general market sentiment.
Even with BTC’s rise yesterday, high-level volume surges at this stage are not a good sign. Combined with the performance of altcoins, it feels very likely that the overall market will continue to oscillate, or even test a decline, with altcoins likely to continue to decline. It is best to observe the market with caution.
With the anticipation of Ethereum (ETH) and the upcoming ETH ETF, the market is expected to experience significant volatility. The price of Ethereum has shown a bullish trend, and a breakthrough could trigger significant fluctuations in other altcoins.
Hedera (HBAR) is a public network aimed at fundamentally changing the digital landscape through its fast, secure, and fair consensus algorithm. HBAR tokens serve various functions in the network, including transaction fees, network services, and protecting network security through staking.
Chainlink (LINK) is a key component of blockchain technology, providing a secure and reliable decentralized oracle network. These oracles provide real-world data to smart contracts, enabling them to operate based on accurate and up-to-date information.
BitTensor (TAO) ranks among the top three AI tokens in the crypto market. It is a decentralized machine learning network that incentivizes and rewards users for contributing computing power and data to train AI models.
Fetch.ai (FET) is a blockchain platform focused on building a decentralized machine learning network to provide intelligent infrastructure for autonomous agents to execute economic tasks.
Maker (MKR) has regained momentum, with its value rising by 7.93% in the past 24 hours and showing an increase in investor confidence. Additionally, the MACD technical indicator shows an upward pattern, indicating increased buying pressure for Maker.
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