Sharing my recent views on the altcoin market


From the perspective of various sectors, I personally think the hot spots are still RWA and AI. In the RWA sector, from a long-term investment standpoint, besides ONDO and CFG, the rest are more for short-term trades. SYRUP is still under observation; the fundamentals are solid, but the price action is a puzzle.
In the AI sector, I'm keeping an eye on FET and VIRTUAL. The other options like NEAR have surged too much, and TAO has been hyped previously, so in the short term, it’s primarily tied to the overall market trends.
For the DEX hype and privacy coin sector, ZEC is definitely not a position to chase highs right now. I still hold my previous view on ZEC; it should touch its historical highs again. I’m currently still holding ASTER.
In the World Cup fan token sector, CHZ attempted to break through the daily resistance level of 0.05 to 0.052 but failed. I mentioned earlier in the community that I would sell some; personally, I sold half around 0.05, and I plan to wait until closer to the World Cup event to reassess my remaining position. CHZ is notorious for its shakeouts, and it's basically dropped below the daily support level, but it has done similar shakeouts before and then rebounded back to the 0.05 resistance. Overall, it’s best to participate with a light position.
In the short term, there are no obvious hot spots in the altcoin market; the only sectors with sustained momentum are RWA and AI. Focus on the main sectors, and don’t sweat the smaller opportunities too much.
$FET ‌$ONDO $CFG #TradeCFDWinGold #USIranDraftDeal
RWA-0.52%
ONDO-1.2%
CFG-1.27%
SYRUP0.87%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments