Preface:

The rise of cryptocurrency has provided new opportunities for the general public. In the field of cryptocurrency, everyone has a relatively fair starting point. Even if you start late or have limited resources, you can achieve your value like SHIB supporters by participating in the SHIB community and seizing opportunities that allow you to transcend social classes. The important thing is to learn to seek opportunities and seize a chance that can help you transcend social classes.

The Web3 era pursues the concept of equality, and the cryptocurrency field has broken the inherent rules of the traditional world, giving ordinary people the opportunity to pursue their wealth dreams.

DOGE:

Crypto Catalysts are more optimistic about this meme coin, emphasizing positive factors such as the increase in daily trading volume and "recovery of weekly trading volume." This user, X, believes that the path for DOGE to reach the $1 milestone is clear. A recent cryptocurrency analyst, Ali Martinez, has also joined in the previous DOGE predictions.

This user, X, remains unfazed by last week's market downturn and the sharp drop in DOGE prices, insisting that the asset's pullback may be "normal behavior before a massive bull market." He points out that over the past few years, the price of this meme coin has dropped multiple times and then soared significantly.

The first time was in 2017 when DOGE retracted by 40%, then surged by nearly 1,000%. Four years later, a similar situation occurred again, with the token's valuation plummeting by 56%, but then skyrocketing by 12,000% to reach a historical high of nearly $0.70.

"Now, in 2024, DOGE has once again broken out of the descending triangle! It is currently undergoing a 47% price adjustment, very similar to the previous cycle, which may trigger the next round of DOGE bull market."

But I think whenever the dog jumps over the wall, it's a day of deep market decline, so be cautious! Because when the pot is too hot and has turned red, it needs to reduce the firewood to cool down! Of course, the current focus on the dog may not immediately bring more trading volume.

SOL:

The wallet on Solana is the first major barrier to entry for users to participate in Meme. Unlike the Ethereum ecosystem, Solana is written in Rust or C language, so the architecture of the wallet is completely different. The mainstream cryptocurrency wallet, Metamask, is not compatible with Solana tokens. Therefore, Meme tokens on Solana have also benefited from the rapid rise of SOL tokens in the early stage of this bull market, allowing more people to become accustomed to this new wallet form, Phantom.

Base is essentially Ethereum's L2 network, so it is perfectly compatible with Ethereum in terms of EVM compatibility, allowing users to use familiar wallet products such as Metamask for transactions. In addition, Coinbase has launched the AA wallet, eliminating the need for cumbersome operations for ordinary users, allowing them to directly create accounts using mobile or computer devices, touch ID, Google accounts, and even connect directly to Coinbase accounts, laying the foundation for the large-scale attraction of users and funds to the Base chain.

The Meme journey of Solana and Base seems to be like a meeting of a god descending the mountain and a person climbing up the mountain, one full of their past self, and the other hoping to achieve their goal. Objectively, both have the soil for developing Meme culture in terms of product features and cultural background, with a large number of users and distinctive community culture forming the basis of their respective Meme cultures.

Subjectively, Solana, as a beneficiary of this bull market's Meme coins, also to some extent feels the backlash of Meme on other projects in the ecosystem, so it hopes to moderately reduce the temperature of Meme to balance ecosystem development. Base, on the other hand, hopes to continue climbing towards the peak of Meme as a window to expand ecosystem activity.

XRP:

Due to Ripple's lawsuit with the SEC, the price of XRP has dropped by over 14% since the beginning of the year. However, there is hope for a recovery. Market participants believe this is the lowest point for XRP relative to Bitcoin.

Let's take a closer look. XRP's recent performance against Bitcoin (BTC) has raised concerns among investors. Despite Bitcoin's continuous price increase since December 2022, with a surge of up to 261%, XRP's increase has been much smaller, only growing by 27.8% during the same period. Despite the issues between Ripple and XRP, this performance difference still exists. Although XRP attempted to rise in July 2023, reaching $0.93, the upward trend did not last long. The price quickly fell to $0.4225 in August 2023.

Meanwhile, Bitcoin's continuous rise has made it difficult for XRP to keep up. Since August 2023, XRP has experienced nine consecutive months of decline in value relative to Bitcoin, showing its performance difference. However, market expert Tony Serino believes that XRP may have reached the lowest point compared to Bitcoin. His analysis has brought hope to investors, suggesting that XRP may rise again.

If Serino is correct, XRP's losses may stop and it may start to rise again. Looking back at XRP's performance in 2017, analysts believe that there may be a significant price increase after reaching the bottom.

Ethereum ETF News:

Compared to Bitcoin ETFs, the outlook for Ethereum ETFs is not as optimistic. Bloomberg ETF analyst Eric Balchunas estimates the likelihood of the SEC approving an Ethereum ETF in May to be around 35%. He believes that compared to the application process for Bitcoin ETFs, the SEC has taken a less active stance, indicating that this is a strategic move rather than just a delay.

In addition, SEC Chairman Gary Gensler's position on the possibility of ETH being classified as a security has added complexity to the decision-making process. The SEC may approve an ETH spot ETF to avoid another defeat in court, but it is more likely to be willing to take another gamble in court.

Despite the challenges, American investors and companies are still striving for the approval of an ETH spot ETF, as establishing a connection between cryptocurrency and traditional financial products is considered a huge step forward. It is currently unclear what action the SEC will take, but if an ETH spot ETF is approved, US regulators will take a more progressive stance on cryptocurrency.

Article publication review has a time delay, and market conditions change rapidly. The above suggestions are for reference only, and risks are self-assumed! The market changes every day, and all I can do is provide some weak assistance based on my many years of practical experience, to help guide your investment decisions and business management in the right direction. Meeting is fate, and I am a person who believes in fate. If you have any doubts or questions in the cryptocurrency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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