Bitcoin's momentum remains strong, and as usual, the cryptocurrency scene is once again vibrant. For the first time since the bull market of 2021, the total market capitalization of cryptocurrencies has returned to $3 trillion. In this industry, we see established coins like BTC stealing the spotlight, but the real gems are these cryptocurrencies that are undervalued by tenfold.
As the year-end approaches, the cryptocurrency market is buzzing again, especially in the altcoin sector. Investors are closely watching several altcoins backed by real-world assets (RWA), expecting them to lead a strong market comeback in the final month. Coins like Avalanche ($AVAX), Chainlink ($LINK), $IOTA, and Ripple ($XRP) have recently performed well, each experiencing significant price increases.
Avalanche (AVAX) is gaining momentum and its price continues to rise.
Avalanche ($AVAX) has seen a price increase of approximately 20% over the past week, currently priced around $45.08, growing 2.4% in the last 24 hours. Technical analysis indicates that the support level for $AVAX is at $42.75, and if this level can hold, the price is expected to continue rising, with the next resistance level at $46.00, followed by $48.50.
$AVAX's 24-hour trading volume reached $800 million, growing 27.14%, indicating strong market interest in the coin. If trading volume continues to grow, $AVAX is expected to reach new highs in December.
Chainlink ($LINK) and $IOTA show strong momentum.
Chainlink ($LINK) has also performed well recently, rising 24% over the past week, and is currently trading around $18.83. The key support level for $LINK is at $18.00; if it can break through the resistance level of $18.75, the price is expected to rise further to $19.50 or even higher. It has grown 4.2% in 24 hours, with trading volume reaching $1.076 billion, reflecting bullish market sentiment.
IOTA also does not back down; although there has been a slight retreat in recent days, it still increased by 24.5% over the past week, reaching a price of $0.2688. Its market capitalization grew by 19.03%, reaching $950 million (approximately NT$30.8 billion). IOTA's 24-hour trading volume surged by 137.66%, indicating increasing investor interest in the coin. If it can break through the resistance level of $0.28, IOTA is expected to welcome a new wave of growth.
Coins like Ripple ($XRP) are poised to lead new market trends.
Ripple ($XRP) remains active in the market despite legal challenges, with its focus on cross-border payment system blockchain technology drawing significant attention. Investors and tech enthusiasts continue to monitor Ripple's strategic actions and regulatory decisions.
Dogecoin ($DOGE) has evolved from an initial meme coin to one of the most popular cryptocurrencies. With a strong fan base, it has recently attracted the interest of many wealthy individuals. Its market performance still relies on social media trends and the volatility of the cryptocurrency market.
Polkadot ($DOT) is dedicated to solving interoperability issues between blockchains, and its infrastructure allows interaction among various specialized blockchains, potentially becoming the key to addressing the fragmentation of existing blockchain projects.
Fantom ($FTM) is rising with high-performance trading capabilities, and its Directed Acyclic Graph (DAG) consensus mechanism provides an alternative to traditional blockchain technology. The platform continues to develop innovative solutions for decentralized finance and blockchain scalability.
With the overall bullish sentiment shifting, Fantom may attempt to reach the psychological level of $1 again. On the daily chart, the price trend of the FTM token shows four consecutive green candles. The bullish trend started near the 100-day moving average around $0.64 and is rising to the psychological level of $1.
This explains the reason for the 56.49% price increase within four days. Supported by bullish opportunities, the 50-day, 100-day, and 200-day EMA curves are all bullish vertical lines. When looking at the MACD indicator, the moving average lines increase when the histogram appears.
During the weekend, major institutions in the U.S. were off work, and on-site funds began to act wildly, with trading volumes of the second-ranked ETH and fifth-ranked XRP surpassing Bitcoin, indicating a certain level of FOMO in the market. There was also a clear seesaw effect, where Bitcoin was weak while others were strong, which is a typical profit-taking effect in a bull market; as long as Bitcoin holds steady, the frenzy will continue.