#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Expert Opinion: 3 Altcoins That Could Make You Rich in May!
The volatility in the crypto and altcoin market has frightened investors, while the total market value has increased by 165 billion dollars in the last 24 hours. With this increase, there has been significant activity in altcoins, and some noteworthy tokens have caught the attention of investors. The Solana-based SAROS (SAROS), a major player in the decentralized finance (DeFi) ecosystem, Heima (HEI), and the token TAO from the Bittensor network are being closely monitored by investors today due to high trading volumes. So, what is happening with these altcoins?
SAROS: The Altcoin That Winks at the Peak of All Time!
Solana-based SAROS has managed to become one of the standout altcoin projects of the day. In the last 24 hours, its price has increased by 1%, reaching the level of $0.16. However, despite this rise, there is a situation that is prompting investors to be cautious: a 44% decrease in trading volume. A drop in volume following a high-volume rise indicates that market participants' interest is waning and buying pressure is weakening.
This situation raises questions about whether SAROS's rise is sustainable. If this weakening in trading volume continues, there is a risk that the price could drop to the $0.086 level. However, with a stronger buying wave or a positive market reversal, SAROS could rise above the $0.16 level again. The critical point for investors will be how trading volume shapes up along with price movements.
HEI: Among Those Going Against the Altcoin Trend
While the general market is rising, the HEI altcoin price surprised investors with a 9% drop, falling to $0.32. Behind this sharp decline is a strong lack of demand for the HEI token. The most obvious indicator of this is the negatively trending Balance of Power (BoP) value on HEI's daily chart. This indicator is currently at -0.80 and signals that sellers have established dominance over the market.
If HEI cannot attract demand under current market conditions and sellers remain dominant, it may be inevitable for its price to test an all-time low of $0.22. However, if there is a positive change in market conditions or a new wave of buying emerges, the HEI price could recover up to the $0.39 level. At this point, what will be critical for investors is how strong the market reversals will be and how long the pressure from sellers will continue.
TAO: Rise Signals are Strengthening
The native token of Bittensor, TAO altcoin, showed a strong increase of 16% today, rising to levels of $231.90. This increase indicates that TAO is gaining buyer interest in the market and gaining momentum. Technical indicators also confirm this rise. In particular, TAO's RSI (Relative Strength Index) value is at 48 and is very close to crossing the 50 level. A rise above the 50 level for the RSI is generally considered a sign that an asset is beginning to experience an upward trend.
In this case, the price of TAO could climb to $281.60 if buying pressure continues. However, investors should be cautious, as if profit-taking begins and buyers withdraw from the market, the price of TAO could pull back to around $163.70. The future volatility of TAO will be shaped in direct proportion to the overall demand in the market.