Recently, Bitcoin has been fluctuating within a narrow range, and a slight pullback occurred over the weekend, dropping to around $96,000. Although it has fallen less than 4% from its peak, the overall performance is a bit weak. However, there's no need to worry; this adjustment is just preparing for a breakthrough above $100,000.
Once Bitcoin truly breaks through the $100,000 mark, it may trigger the acceleration phase of this bull market, which is the most exciting stage - retail investors will rush to enter, and market enthusiasm will peak.
The rhythm of sector rotation
The market is currently in a sector rotation cycle, and funds have not fully flowed into altcoins yet. For example:
MEME Sector: This wave has come to an end;
Classic Public Chain Coins: Currently performing well, such as Ethereum and other classic public chains;
Metaverse and some DeFi: It may soon see even more significant increases, with some coins potentially tripling in ten days.
But these are just the 'appetizers'. The real stars are the lesser-known altcoins that are quietly rising. In every bull market, the explosive growth of altcoins peaks during the acceleration phase of Bitcoin's rise, when altcoins may experience a crazy performance.
Every pullback is an opportunity
The most important mindset in a bull market is: 'When others are in panic, I buy the dip.'
Whenever the market experiences a pullback, some may see fear, while seasoned traders see an opportunity to enter. Remember that each adjustment could be the best entry point before the next surge.
4 cryptocurrencies with the potential for 100x growth
PNUT
Project Introduction: PNUT is a token based on the Solana blockchain, recently gaining immense popularity. Its market cap is approximately $1.24 billion, currently ranking within the top 75 cryptocurrencies.
Performance: In the past month, the price surged by 2255%, hitting an all-time high of $2.5 on November 14, but then fell by 50%. Despite this, market sentiment remains optimistic, with the fear and greed index at 80 ('Extreme Greed').
Prediction: It is expected that by December, PNUT may rise another 221%, with prices potentially reaching $3.48. With good liquidity and strong market attention, PNUT is considered one of the most promising coins currently.
NEAR
Project Highlights: The NEAR protocol is a project focused on high performance and decentralized AI, recently receiving support from Deutsche Telekom, leading to a surge in market attention.
Performance: The price has increased by 21% in the past day, reaching a high of $7.251; the 24-hour trading volume reached $1.3 billion. The market cap is $7.8 billion, with a circulating supply of 1.2 billion, showing very strong upward momentum.
Characteristics: The current price is above the 200-day moving average, with sentiment leaning towards 'extreme greed'. In the past month, 57% of NEAR's trading days were green up days.
JUP
Project Background: Jupiter is the liquidity infrastructure of the Solana ecosystem, providing trading tools for DeFi users, such as limit orders and cross-chain bridges.
Function: It allows users to trade on Solana with better prices and deeper liquidity, making it an important part of the DeFi ecosystem. The continuous expansion of JUP is also boosting the growth of Solana.
UNI
Project Introduction: Uniswap is a decentralized exchange on Ethereum where users can trade cryptocurrencies freely without an order book and have full control over their funds.
Feature: As a governance token, UNI holders can vote on the platform's development direction, such as changing the fee structure. It is one of the giants in the DeFi space, with platform assets exceeding $3 billion.
History: Initially distributed to users through airdrops, with each user receiving 400 UNI, which was worth over $1000 at that time.
Conclusion
In summary, whether it's Bitcoin's pullback or the rotation of altcoins, both are laying the groundwork for the next market wave. Opportunities abound in a bull market; what is lacking is patience and courage! The potential coins mentioned above are expected to be dark horses in this market, and if handled well, they could really see returns of double or even a hundred times!
