Topping out is far more meaningful than bottom fishing!
Unknowingly, BTC has reached $100,000, not to mention the milk that has been abundant since the end of 2023.
Since the black swan event in early August, Bitcoin has dropped to over $40,000, at which point the sentiment began to turn bearish for the latter half of the year.
Sticking to the Bitcoin bull market cycle is a principle I have always adhered to and never changed.
The bull market has now entered its final phase.
Altcoins will inevitably have a few months of big trends.
This is the reward for those who have held on during this bull market, but they all stayed until the end.
Those who haven't been tortured out in the past few months, and whose chips have run out, are all winners.
Friends who have stuck around until now can give a thumbs up!
Three altcoins worth positioning for a future increase of 100 times!
1.XTZ
Tezos is a blockchain platform designed for assets and applications, emphasizing security, governance, and decentralization. It employs a unique on-chain governance system that allows users to propose and vote on protocol upgrades based on their stakes. This process is entirely on-chain and consists of five phases, including three rounds of voting.
The platform employs a Liquid Proof of Stake (LPoS) consensus mechanism, providing an energy-efficient method for network validation. A notable feature is its focus on code security, using formal verification methods to ensure smart contracts operate as intended.
Meanwhile, the current price of Tezos is $1.28, having risen 11.90% in the past 24 hours. Its trading volume is $631.82 million, up 239.64% during the same period. The market cap is $1.3 billion, an increase of 11.94%. This price is far above the 200-day simple moving average (SMA) of $0.78, up 62.73%.
The asset has shown an upward trend on 18 trading days over the past 30 days, accounting for 60% of the total trading volume, with a 24-hour trading volume to market cap ratio as high as 0.8527, indicating strong liquidity.
In addition, the current market sentiment around this token is bullish. Its 14-day Relative Strength Index (RSI) is 65.63, indicating a neutral market position with potential for sideways trading.
2.PNUT
The cryptocurrency Peanut the Squirrel, based on the Solana blockchain, has recently attracted widespread attention. Its market cap is $1.24 billion, currently ranking among the top 75 cryptocurrencies. The token is currently priced at $1.14, with a value increase of 6.18% in the past 24 hours.
In the past month, the price of PNUT has increased by 2255%, marking a period of rapid growth. The token reached an all-time high of $2.47 on November 14, but since then its value has dropped by 50%. Despite this drop, market sentiment remains optimistic. The Fear and Greed Index is at 80, indicating a high level of market optimism.
The trading activity of this token seems strong, with a 24-hour trading volume to market cap ratio of 2.3063, indicating good liquidity relative to its market cap. Looking ahead, some analysts predict that the price of Peanut the Squirrel may rise by 221.23%, potentially reaching $3.48 by December. As it approaches recent highs, some investors view it as one of the most worthwhile cryptocurrencies to invest in currently.
3.OKB
OKB is the utility token of the OKEx exchange, designed to unlock special features on the platform. Users can use it to calculate and pay trading fees, participate in governance decisions, and earn rewards for holding the token. It supports activities such as spot trading, derivatives trading, and developing scalable applications.
The architecture of this token is designed to enhance scalability, reduce consensus time, and improve security. As of this writing, the price of OKB is $52.82, with a daily increase of 3.07%. Over the past week, it has risen by 18.14%, with a 30-day increase of 34.42%. Market sentiment is bullish, with the Fear and Greed Index reading 80, indicating extreme greed.
In addition, the trading price of OKB is slightly above its 200-day simple moving average of $52.16, with an RSI of 56.93, indicating a neutral trend that may consolidate. Meanwhile, based on recent performance, November's forecast suggests the price may drop to $51.30, with a range of $49.95 to $53.52. If investors buy at current levels and sell near the forecast high, they may achieve a potential return of 5.31%.
