Market Momentum and Analyst Strategy
The cryptocurrency market has experienced increased activity, with Bitcoin rising nearly 6% over a 24-hour period and Ethereum gaining about 22% over the past week. Against this backdrop, an analyst from In The Money suggests that investors focus on stronger underlying projects rather than chasing random tokens after a pump.
Total crypto market capitalization sits around $2.65 trillion, reflecting a 0.89% decline over 24 hours, while Bitcoin dominance has risen to 59.81%. The Altcoin Season Index currently reads 39, which is below the threshold of 75 required to confirm a full altseason. However, CryptoQuant data indicates that approximately $215 billion flowed into altcoins over three days, and Glassnode reports that 85% of altcoins have funding rates above their average levels.
Project-Specific Insights
Hyperliquid (HYPE): Highlighted as a strong altcoin due to its position in perpetual futures trading, growing revenue, and token economics. Recent attention increased after remarks from President Donald Trump regarding the CFTC and the project. Following a 20% daily gain and a move above its recent dip to $51, the analyst advises waiting for a pullback or fresh news before purchasing.
Zcash (ZEC): ZEC gained roughly 16% over the week to trade near $560. The analyst views it as a preferred trade with a short-term target of $600, dependent on Bitcoin's trajectory.
Bittensor (TAO): After spending about a month in the $190 range, TAO broke toward $210, building on a previously identified buying opportunity around the $198 area. The analyst anticipates a short-term move toward $225 alongside its longer-term prospects tied to artificial intelligence.
Pump.fun (PUMP): As a meme coin selection, PUMP gained about 29% over a week and 87% over a month. The analyst recommends Dollar-Cost Averaging (DCA) for longer-term investors while advising against aggressive leverage chasing after a sharp monthly rise.
Venice and NEAR: Both projects offer AI exposure. Venice was noted around the $14 mark, remaining about 50% below its all-time high. NEAR Protocol moved more slowly with a roughly 1% gain, presenting a slower-moving alternative suited for DCA strategies.
