Is an alt season on the horizon?
In today's article, explore @FBS_broker analysts' top 5 picks: $HBAR, $XRP, $AVAX, $ALGO, and $LINK.
Find out what’s driving their selections, and the potential they see in these picks.
Read the full article ⬇️
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Axel Bitblaze 🪓 reposted
Axel Bitblaze 🪓
Another week in crypto.. time for a roundup that actually matters. Been digging through the noise so you don't have to..
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➔ Airdrops:
My quick observations:
- Privasea did their TGE on May 14 with a 1,458% pump. They're targeting ImHuman app users with 400+ stars. 40M $PRVA allocated for future airdrops.
- LayerEdge ( $Edgen) token deployment just happened. Points conversion coming soon. One to watch.
- MagicNewton ( $NEWT) raised $80M+ with Q2 TGE targeting $2.5 launch. Interesting play if you're already in their ecosystem.
- Monad testnet worth your time - Discord roles matter (Full Access = 5x more tokens) and they're tracking actual usage, not just signups.
- Eclipse (L2 combining $SOL speed/ $ETH security) - bridge, convert wETH to tETH, mint NFTs if you're positioning for May/June TGE.
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➔ DeFi Alpha:
Some interesting yield opportunities out there:
- dTRINITY on Fraxtal/Sonic offering 45% for dUSD Supply and up to 70% for sUSDe/dUSD leverage. Using yield-bearing reserves to back these rates. Triple audited, so not your average yield trap.
- Pendle launched new pools but caution advised - USD0++ from Usual Protocol de-pegged to ~$0.92. Even established protocols have issues.
- Exponential 'YO' yield optimizer showing promise across Base, ETH, and Solana. yoETH on Base doing 12.3% 30-day APY for essentially passive yield.
➔ Ecosystem shifts worth noting:
- Solana now #2 in DeFi TVL (~$10.9B), flipping many ETH L2s. Raydium's TVL up ~78% in a month.
- Tron continues surprising - TVL jumped to 24.2B TRX (~$6.6B) this week. Chainlink oracle integration on May 16 opens up more use cases.
- Solana fees hit $43M (30d) vs ETH's $24.9M base fees - actual usage, not just TVL farming.
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➔ Trading Setups
If you're looking for actionable trading ideas:
- $SEI showing signs of a potential move - technical targets at $0.30, with $0.50-$0.70 possible if momentum continues.
- $HBAR seeing increased whale activity worth monitoring.
- $BTC holding Tenkan support around $99,500, trading $105-110K all week. Classic consolidation pattern.
➔ Unlock calendar to keep in mind:
- WhiteBIT ( $WBT) unlocked 39.5M tokens (~$1.19B, 27.41% of supply) on May 13.
- $ARB unlocked 92.65M tokens (~$42.3M) on May 16.
- $AVAX unlocked 1.67M tokens (~$41.5M) on May 17.
These create predictable volatility patterns worth trading if you understand the project fundamentals.
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➔ Market Context:
BTC steady ~$103-106K, total crypto mcap around $3.31T. Market taking a breather but structure remains constructive.
➔ Regulatory developments:
- SEC tokenization roundtable on May 12 had Chair Atkins signaling a move away from "regulation by enforcement" toward actual guidelines. Positive shift.
- BlackRock pushing for ETH ETF staking with SEC. If approved, would transform ETH ETFs into yield-generating assets (est. 3.2% annual).
➔ Macro:
- April CPI at 2.3% (YoY) - lowest in 4+ years. PPI down 0.5%.
- Powell remained cautious in his May 15 speech. Market wanted rate cut hints but didn't get them.
➔ ETF flow data:
- Bitcoin ETFs: +$142.3M (week of May 5-9), global +$867M (ending May 10).
- $ETH ETFs showing mixed performance - some inflows but overall net outflows YTD.
- $Sui ETPs pulled $11.7M (week ending May 10) and $84M YTD, outpacing Solana's $76M YTD.
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➔ Whale Movements:
Some notable on-chain activity this week:
- Whale bought $179M worth of BTC on May 12, coinciding with 18% volume spike.
- MicroStrategy added 13,390 BTC ($1.34B at ~$99,856), bringing their total to 568,840 BTC.
- Wallets holding 10-10k BTC accumulated 83,105 more BTC (30d) while smaller wallets (< 0.1 BTC) reduced by 387 BTC. Typical pattern.
- ETH seeing significant movement: Abraxas Capital accumulated 278,639 ETH ($655M) from exchanges May 7-16, while Galaxy Digital moved 39,834 ETH (~$103.6M) to Coinbase May 14-15.
Large players continue positioning while retail gets distracted by short-term moves.
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➔ Ecosystem Data:
The numbers tell an interesting story:
1) Solana metrics:
- TVL between $10.9B-$22.1B (sources vary but all show strong growth)
- Weekly DEX volume $35.6B (2-month high)
- 30-day fee revenue $43.4M (109% month-over-month increase)
- 26.5M active addresses (7d) - highest among all chains
2) Base showing strength:
- TVL $1.45B-$4.7B (depends on source)
- 1M+ daily users, 4M weekly users
- Daily transactions exceeding 2.1M
ETH Pectra upgrade benefits for L2s still developing but should improve efficiency soon.
Solana challenging ETH L2s is the unexpected narrative shift, with numbers backing it up. Base leveraging Coinbase's distribution is proving effective.
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➔ Narrative Watch:
Current trends worth positioning for:
- AI + Crypto maturing beyond hype. ASI Alliance (FET + AGIX + OCEAN merger) coming soon. Bittensor (TAO) halving and Akash (AKT) network upgrades worth monitoring.
- RWA & DePIN gaining institutional attention. Tokenized treasuries approaching $7B, with DePIN projected for significant growth.
- L2 competition intensifying with Starknet Stage 1 launch and Pectra upgrade benefits. Base's adoption growth continues to surprise.
- Altcoin rotation potentially forming as ETH/BTC ratio improves, but BTC needs to stabilize above $100K consistently before broad rotation.
We're in a transitional market phase - institutional interest growing, regulation improving, technical innovation accelerating.
The key technical level remains $BTC support at $99,500.
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What are you watching this week?
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Uphold
🌞 Here’s your Sunday Morning Market Snapshot!
📡 Which #cryptocurrencies are currently on your radar?
$XRP $BTC $ETH $SOL $DOGE $ADA $TRX $LINK $XLM $HBAR
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Next Realm AI
QuantumMeow $QMEOW workspace setup on IBM Quantum Platform
We are big fans of @IBMQuantum
$IBM #IBM #quantumcomputing $LAIR
QuantumMeow
QuantumMeow $QMEOW now has a work space on IBM Quantum Platform
$QUBIT $QRL $ALGO $HBAR $LAIR $SOL
$TRUMP $BOME #memecoins $GIGA
$BONK $WIF $POPCAT $PENGU
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Trade Travel Chill
If BTC pulls back next week, I'm looking at the 90-94k range for a new long entry.
This might give us those high TF HL entries on alts too that had a decent run last weekend.
My alts of interest:
ETH, XRP, ADA, CRV, DOGE, HBAR, LINK, ONDO, SUI, XLM
All futures trades, not spot buys.
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Hedera price performance in USD
The current price of Hedera is $0.19770. Over the last 24 hours, Hedera has increased by +0.60%. It currently has a circulating supply of 42,239,760,469 HBAR and a maximum supply of 50,000,000,000 HBAR, giving it a fully diluted market cap of $8.37B. At present, the Hedera coin holds the 0 position in market cap rankings. The Hedera/USD price is updated in real-time.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Hedera is a third-generation Proof of Stake (PoS) public network powered by the unique Hashgraph consensus. It is an open-source, publically distributed ledger that supports Solidity-based, Ethereum Virtual Machine-compatible smart contracts and native tokenization. Users can use Hedera's carbon-negative network to transact and deploy applications.
Hedera is owned and governed by the Hedera Global Governing Council, which comprises up to 39 diverse organizations. These companies include Chainlink Labs, DBS, Google, IBM, LG, Standard Bank, Ubisoft, University College London, and more. Hedera's governance framework ensures that no single entity has undue influence or control over the network or the Hedera price.
HBAR is Hedera's native cryptocurrency. The decentralized applications running on Hedera pay for network resources with HBAR. Through its PoS consensus mechanism, HBAR can also be staked to strengthen the network. Staking contributes to the network's security and integrity, and stakers are rewarded with a small percentage of transaction fees.
What is the Hashgraph consensus?
The Hashgraph consensus algorithm allows network users to agree on the order in which transactions occurred. Blocks in a blockchain are intended to form a single, long chain. If two blocks are created simultaneously, network nodes will eventually discard one to prevent the blockchain from forking into separate chains. With the Hashgraph consensus, every block is incorporated into the ledger, making them more efficient.
Furthermore, blockchains fail when new blocks arrive too quickly, requiring consensus mechanisms, such as Proof of Work (PoW), to slow growth. With Hashgraph, new transactions and blocks can be created as needed. Hashgraph also supports more powerful mathematical guarantees, such as Byzantine agreement, making this consensus faster and fairer.
The Hedera Hashgraph is more cost-effective and efficient than PoW alternatives because no time or energy is wasted mining blocks that will be discarded later. At the same time, since the Hashgraph is only limited by bandwidth, it is extremely fast. Hedera can potentially complete over 10,000 transactions per second with an average fee of $0.0001. Moreover, transactions are confirmed in less than five seconds, compared to 10 to 20 seconds on Ethereum and 10 to 60 minutes on Bitcoin. The energy used per transaction is also minimal at 0.00017kWh.
HBAR price and tokenomics
Following the launch of the Hedera network, a fixed total supply of 50 billion HBAR tokens was minted. The Hedera Council governed the allocation and distribution of these coins held in the Hedera Pre-Minted Treasury.
As of 2022, approximately 16 billion HBAR tokens remained in the treasury, with the remainder distributed as follows:
Swirlds: Swirlds founded Hedera and licensed the Hashgraph technology to the network. Swirlds and its investors received 3.9 billion HBAR tokens.
Founders and early executives: Around 6.9 billion HBAR tokens were distributed to Hedera co-founders and early senior executives.
Employees and service providers: 7 billion HBAR tokens were reserved to attract, retain, and incentivize employees, advisors, and service providers. As of 2022, this group had received 2.2 billion HBAR tokens.
Purchase agreements: 8.6 billion HBAR tokens were allocated to purchase agreements such as Simple Agreements for Future Tokens (SAFTs).
Ecosystem development: HBAR tokens are actively used to fund Hedera's growth. The Hedera Council has set aside 11.9 billion HBAR for ecosystem development.
About the founders
Dr Leemon Baird and Mance Harmon founded Hedera in 2018. In 2015, Baird and Harmon developed Swirlds, a software platform for creating fully distributed applications to utilize the cloud without servers. Dr. Baird developed the Hashgraph consensus algorithm, which Swirlds licensed to Hedera shortly after the latter was founded. After co-founding Hedera, Baird, and Harmon served as CEO and Chief Scientist, respectively. However, in April 2022, the pair left these positions to become co-CEOs of Swirlds Labs, a newly established entity. The two are still Swirlds' representatives on the Hedera Governing Council.
Hedera highlights
Constellation ShortList™ for Blockchain Services
In August 2022, the Hedera network was added to the Constellation ShortListTM for Blockchain Services, demonstrating the protocol's popularity among industry experts.
Partnership with Arkhia
In September 2022, Hedera also announced a partnership with Arkhia, an Infrastructure-as-a-Service (IaaS) provider, to provide an enterprise-grade node service to Hedera, reducing friction and cognitive load on developers and contributing to Hedera's overall growth and adoption.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.5K new posts about Hedera, driven by 1.6K contributors, and total online engagement reached 922K social interactions. The sentiment score for Hedera currently stands at 87%. Compared to all cryptocurrencies, post volume for Hedera currently ranks at 1804. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Hedera.
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Posts
3,534
Contributors
1,604
Interactions
921,607
Sentiment
87%
Volume rank
#1804
X
Posts
2,020
Interactions
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Hedera FAQ
How much is 1 Hedera worth today?
Currently, one Hedera is worth $0.19770. For answers and insight into Hedera's price action, you're in the right place. Explore the latest Hedera charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Hedera, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Hedera have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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