Cryptocurrencies experienced choppy trading on Monday as traders evaluated the recent rebound from recent lows. Bitcoin rallied to $65,500, a 12% rebound from mid-$56,000 lows, indicating strong dip-buying demand. Inflows into Bitcoin ETFs were also at their highest in over a month, further boosting confidence in the market. Bernstein analysts predicted that Bitcoin could reach $150,000 by the end of 2025, citing a healthy cycle with attractive risk-reward. Altcoin markets are also gaining attention from traders looking for faster gains, with many lesser-known altcoins potentially offering higher upside than Bitcoin.
One of the top-performing altcoins on Monday was Ethena (ENA), the native token of the Ethena protocol, which is responsible for creating the USDe stablecoin. ENA was up 7% in 24 hours, with a market cap of $1.25 billion. Ethena’s TVL is nearly $2.3 billion, with the potential to surpass $10 billion, leading to a 5x increase in ENA’s value. Jupiter (JUP), Solana’s largest DEX, was also performing well, with a 4% increase in 24 hours. Solana itself has pushed back above $150, up 3% in the last 24 hours, positioning itself for potential gains as it aims to retest March highs.
For traders seeking quick gains, altcoins like ENA, JUP, and SOL could present attractive investment opportunities. However, for those looking for even higher returns, presale investing in up-and-coming web3 projects could be a viable strategy. These projects often offer their native tokens at a discount during presales, potentially allowing early investors to achieve significant returns. While presale investing carries risks, such as project failure or lack of adoption, it can be profitable if investors identify promising projects with strong teams and use cases. Cryptonews analysts have compiled a list of their favorite presales for investors looking to explore this route.
It is important to note that investing in cryptocurrencies, including presales, is a high-risk asset class and investors could lose all of their capital. This article provides information for informational purposes only and does not constitute investment advice. The cryptocurrency market remains volatile, and traders should conduct thorough research and due diligence before making any investment decisions. Overall, the rebound in Bitcoin and the potential for gains in altcoins and presales present opportunities for traders looking to capitalize on the market’s current trends.
