Author: 636Marx

Bitcoin has experienced a pullback for 5 consecutive days, coinciding with CZ's comments on MEME coins being a bit "weird." In the context of uncertainty surrounding Bitcoin and these speculative assets, investors face an important question: if the market has entered a post-bull phase, which coins are worth paying attention to?

The author will analyze Bitcoin's price expectations, the memecoin phenomenon and its controversies, and explore several altcoin projects with development potential.

BTC: Is the King Under Pressure?

As the pioneer of digital currency, Bitcoin remains the leader of the entire crypto market. Its recent decline from historical highs marks a critical decision-making moment for investors.

After reaching $99,588, Bitcoin fell 7% to $90,791, and is currently trading around $93,400. Although there are signs of recovery, it has not yet returned to peak levels.

Key factors influencing Bitcoin's price movement:

• Relative Strength Index (RSI): Bearish divergence indicates that the price may have risen excessively, suggesting the possibility of further pullbacks.

• Psychological support level: Bitcoin needs to hold the $90,000 support level to avoid dropping to the $85,000 range.

• Decreased trading volume: A decline in trading volume reflects cautious investor sentiment, suggesting potential short-term consolidation.

The author believes that despite these bearish signals, Bitcoin's fundamentals remain robust, with strong institutional investment demand, increasing inflation-hedging properties, and a fixed supply of 21 million coins solidifying its status as "digital gold."

Memecoin: Opportunity or Bubble?

MEME coins have evolved from entertainment to a significant market force, with the viral spread of tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) driving valuations skyward. However, this has raised concerns from crypto industry leader Zhao Changpeng.

CZ recently criticized the "weird" development direction of MEME coins, urging the crypto community to focus on "real-world applications of blockchain" rather than speculative tokens ("meme coins are getting 'a little' weird now").

Main issues facing MEME coins:

• Volatility: Extreme price fluctuations pose high risks for retail traders.

• Manipulation allegations: Several tokens face market manipulation accusations after being listed on mainstream exchanges.

• Ethical controversies: Platforms like Pump.fun exploit users with "weird" token marketing strategies. Although MEME coins maintain popularity through community engagement, they lack practical value and are susceptible to market sentiment.

Altcoin Season: Which Coins to Watch?

Beyond MEME coins, some projects stand out due to their innovation, practical value, and growth potential. The author delves into Ethereum (ETH), Stellar (XLM), Near Protocol (NEAR), and the emerging Rollblock (RBLK), providing insights:

1. Ethereum (ETH): The Cornerstone of Decentralized Finance

Ethereum firmly holds the position of the second-largest digital currency, providing a robust development platform for decentralized applications (dApps). Its main advantages include:

• Smart Contracts: Ethereum's technology supports the development of dApps, decentralized finance (DeFi), and NFTs through automated, trustless protocols.

• Enhanced Scalability: Transitioning to a Proof of Stake (PoS) mechanism improves energy efficiency and scalability, attracting more developers.

• Ecosystem Development: The platform hosts thousands of DeFi, gaming, and Web3 projects.

Ethereum's current trading price is $3,417, facing a resistance level at $3,454. A breakout above this level could trigger a rebound towards $4,000, while failure to break could lead to a retest of the $3,000 support level.

2. Stellar (XLM): Redefining Global Payments

Stellar focuses on providing efficient cross-border payment solutions, gaining favor among financial institutions and remittance service providers. Currently, Stellar's value has risen by 480%, reflecting increased market recognition of its blockchain capabilities. Founder Jed McCaleb's recent views on the network's potential have received enthusiastic support from the community.

Unique advantages of Stellar:

• Interoperability: Simplifies cross-border transaction processes by connecting various financial systems.

• Institutional Partnerships: Collaborations with institutions like IBM enhance credibility.

As its application scope expands and payment business focus becomes clearer, Stellar shows potential to break out of a descending triangle pattern and initiate an upward trend.

3. Near Protocol (NEAR): A User-Friendly Blockchain Platform

Near Protocol has become a favored scalable and user-friendly blockchain platform for developers, with core features including:

• Sharding Technology: Achieves high throughput and extremely low latency.

• Eco-Friendly Design: The Proof of Stake mechanism minimizes energy consumption, supporting sustainability.

• Developer Incentives: User-oriented design attracts dApp developers.

Currently trading in the $5-6 range, it has seen a 34% increase over the past two weeks. The mainstream market view is that, driven by crypto AI applications, the price target range is $16-50.

4. Rollblock (RBLK): A New AI-Driven GambleFi Protocol on Ethereum

Rollblock utilizes blockchain technology to address core issues in online gambling, enhancing transparency and user returns. Its innovative game finance integration model positions it as a disruptor in the iGaming space, with unique features including:

• GambleFi Concept: Merges financial and gaming elements to create a fair player experience.

• Deflationary Token Economic Model: Weekly destruction of 60% of profits reduces $RBLK supply, potentially enhancing holder value.

• Product Diversity: Offers over 7,000 games, with plans to expand into sports betting.

RBLK's current price is $0.036, and according to its deflationary model, it is expected to grow at least 50% within a year. However, RBLK has not yet been verified by exchanges, making it a high-risk token.