Solana continues to soar
On Thursday, Solana’s price surged double digits, with total trading volume reaching $1.2 billion (24 hours), surpassing Ethereum’s $1.1 billion. This is the first time that Solana’s total trading volume has exceeded that of Ethereum.
Solana has increased from: 38% last week; more 62% last monthand more 690% compared to last year After declining interest in the NFT market and then declining Solana’s price over the past 1.5 years, it is currently making a massive comeback.
Solana is designed to process thousands of transactions per second, purpose-built for Dapp development, and has low transaction fees, making it a strong competitor to Ethereum.
Memecoin, traditionally an Ethereum (ERC-20) token, has undergone a transformation and more Memecoins are moving to Solana, which is one of the main reasons for the significant increase in the price of Solana. . In addition to increasing investor confidence in the market, the recent rise in Bitcoin price and increased liquidity in the market have led to increased market liquidity.
The biggest gainer on the Solan blockchain is the meme coin BONK, which along with many other meme coins on the Solana blockchain have seen a significant increase in the quantity and price of Solona. This also suggests that this could be the start of another meme coin season (on the Solana blockchain). This is generally a good sign for the market as it suggests that investors believe the market is bullish and are willing to take riskier trades.
How to find the next 100x altcoin?
As we approach the staging phase of the market, a time when 100x+ returns are realistically possible, we thought it would be a good time to take a closer look at our methodologies and approaches for finding the next big 100x+ altcoin.
+100x is unprecedented for Altcoins. Historical trends often show significant market rally following Bitcoin halving events, with many cryptocurrency investors recording some of the largest gains in history during this cycle.
If you are trying to identify the next +100x altcoin, consider the following framework.
1 – Identify popular industries:
We focus on sectors that are gaining momentum within the cryptocurrency space during the current cycle. Emerging sectors such as Play-to-Earn Gaming, tokenization of real-world assets, AI or Decentralized Science (DeSci) are examples of niche sectors that could fuel the next bull market.
2- Popular appeal and marketability:
The project must be able to resonate globally and have the capacity to generate significant hype. This means a clear and compelling value proposition that addresses the needs or interests of a broad global audience.
3- Assertive and trustworthy team:
Typically, the most successful long-term projects are those with teams that are public and where all team members are known and have a verifiable track record. I’m a big proponent of anonymity, but for development teams, anonymity can be a red flag on projects that aim for longevity and trust.
4 – Early Stage Opportunity:
Find projects in their first cycle. If possible, try to find it before the price reaches its peak. These projects often represent the greatest upside potential because they have not yet been fully discovered by the broader market.
5- Technical Analysis – Bullish Chart Patterns:
Price movement should show bullish momentum, characterized by a pattern of higher highs and higher lows. This indicates a strong upward trend and positive market sentiment.
technology based:
Projects must be either a strong layer 1 blockchain or built on a solid existing blockchain. This ensures that the foundation is secure, scalable, and reliable.
Community and Communication:
Vibrant and active communities across platforms like Twitter, Telegram, and Discord can indicate a healthy and engaged user base. Also, look for a project that maintains regular and transparent communication and updates.
Visibility and Accessibility:
Projects listed on popular tracking websites such as CoinMarketCap or CoinGecko are generally more accessible and scrutinized, potentially leading to a broader investor base.
professional online presence:
Finally, a well-designed and informative website serves as the front door to your project. You must professionally present the project’s vision, team, roadmap, and technical details.
These are just some of the characteristics we look for when investing in a project. If you want to learn more about how to apply our methodology and framework, learn more in this in-depth article.
Finding the next +100x altcoin isn’t easy, but it’s possible. Alternatively, you can always become a member of our newsletter and follow what we buy.
Join us – as we build up.
Although prices are still relatively low, now is a great time to enter the market. If you want to know what we’re buying, join us as we share our monthly Altcoin recommendations in anticipation of the upcoming bull market. All you have to do is become a member.
Richard.
Top 100 popular altcoins:
Cryptocurrency markets are full of green this week too.
Today’s Crypto Fear and Greed Index:
today’s Cryptocurrency Fear and Greed Index = avarice –> Increased from 70 to 74.
Bitcoin and Ethereum price changes
Bitcoin increase 3.56% Here are the prices it is currently trading at last week: $43,703. Over the past 90 days, Bitcoin has increased by: 38.9%.
Ethereum increase 2.9% Here are the prices it is currently trading at last week: $2,317. Over the past 90 days, Ethereum has increased by: 35.8%.
Global cryptocurrency market capitalization increased to $1.67T (From $1.59T last week).
Top 100 Gainers – Last 7 Days
The biggest gainers over the past 7 days (in the top 100) are:
Optimism (OP) +56% – 30th
Optimism (OP) A layer 2 scaling solution for Ethereum designed to improve scalability and cost efficiency using Optimistic Rollup. These rollups batch multiple transactions into one, reducing fees and increasing throughput while essentially assuming the transactions are valid. Optimism maintains close compatibility with Ethereum, making it easy to deploy existing smart contracts and deliver lower fees and faster transactions.
OP tokens are used for a variety of purposes within the ecosystem, including governance. Optimism is community driven and emphasizes security, leveraging the security of Ethereum while providing additional safeguards. It aims to make it easier for users and developers to access and use Ethereum more efficiently.
NEAR Protocol (NEAR) +46% – 25th place
NEAR Protocol (NEAR) It is a decentralized application platform that aims to improve scalability and user experience in the blockchain space. Leverage sharding technology, specifically the unique Nightshade approach, to efficiently process transactions and increase throughput.
The native NEAR token is used for trading fees, staking, and governance. The platform is designed to be secure and decentralized, leveraging a proof-of-stake consensus mechanism and aiming for interoperability with other blockchains. NEAR’s goal is to simplify the development and use of dApps, creating a more accessible and interconnected ecosystem.
SIX +44% – 81st
SIX A blockchain specifically designed for trading and DeFi applications, featuring a native order book model integrated directly into the blockchain. This specialization aims to optimize the trading experience through high performance, low latency and scalability tailored for exchanges and financial platforms.
Sei focuses on providing a developer-friendly environment with the right tools and features for building DeFi applications. SEI tokens will likely play a role in transaction fees, staking, and governance within the ecosystem. With its commitment to community and governance, Sei has evolved into a leading infrastructure in the DeFi sector, committed to addressing the unique needs of traders and financial services in the blockchain space.
Accela (AXL) +36% – 96th
Accella (AXL) It is a blockchain platform focused on enabling secure and efficient cross-chain communication. It is designed to promote interoperability between various blockchains, allowing for seamless asset transfer and information sharing. The decentralized network uses the AXL token for transaction fees, governance, and incentives.
Axelar provides developer tools to easily integrate cross-chain functionality and prioritizes strong security measures to protect the network. Axelar aims to improve the functionality and collaboration potential of the blockchain ecosystem by solving interoperability issues, making it more accessible and efficient for users and developers.
Biggest microcap gain in the last 30 days
We review and analyze small and micro market cap cryptocurrencies every week to find the next low-cap gem. The best performing (quality) microcap projects over the last 30 days are:
Top performing quality microcaps (last 30 days):
- trust +1,261% – NFT gaming platform (Nano-Cap)
- eland +1,169% – Web3 (Nano-Cap) for real estate
- HBB +971% – Solana (microcap) liquidity protocol
- D3D +896% – Social network + revenue generation (microcap)
- cateon +965% – Web3 Gaming Ecosystem (Nano-Cap)
Monthly altcoin selection:
We’ll be releasing our next Altcoin recommendation in a little over a week. To access this and future monthly Altcoin recommendations, please consider becoming a member. That’s the price of a few cups of coffee a month.
Altcoin recommendations are emailed to members as soon as they are posted. If you’re wondering how we choose our monthly Altcoin recommendations, this is the method we use.
Altcoin recommendations from previous months can be found here.
We express our gratitude and respect to all members!
Until next report,
Richard.