The Golden Age of the Secondary Market
Now is the golden age of the secondary market, the easiest time to make money in a complete bull market. TRX with a market value of 10 billion doubled in a day, and the market's enthusiasm is evident. Those relying on haircuts, first-tier coins, shitcoins, and arbitrage should step aside.
The main characteristics of the market are as follows:
1. Old coins, issued before the last bull market, with a circulation of over 50%. Even some ancient coins like EOS/XLM/NEO are surging, while new coins on Binance have hardly risen.
2. The integration of blockchain with the real world: RWA/DEPIN/DEFI is core, with the stablecoin sector MKR/CRV/RSR/TRU collectively surging yesterday, and the DEPIN sector's XYO/IOTA continuously rising.
3. Coinbase has spot transactions, and the XRP trading volume indicates that U.S. capital is leading this round of market activity. We are currently still in the first phase of capital accumulation, and there will be a second-phase altcoin surge. The market is expected to last at least until Q1 next year; forget about BTC and cherish these months of altcoin's golden age.
Layout 3 cryptocurrencies with potential gains exceeding 10 times!
1. AAVE
The total net deposits on the decentralized finance (DeFi) platform Aave have reached $31.4 billion, marking a significant milestone. This figure represents a substantial increase of 50% over the past month, up from $20.9 billion in early November. This growth highlights the increasing interest in Aave's lending services.
In the past 30 days, Aave has gained $10.4 billion in new deposits. The platform's native token AAVE is currently priced at $237.00, reflecting a 5.99% increase over the past 24 hours. Its trading price is well above its 200-day simple moving average (SMA) of $137.90, exceeding this benchmark by 71.13%. This indicates a strong upward trend in its value.
Meanwhile, market sentiment for AAVE remains bullish, with a Fear and Greed Index of 76, indicating strong market confidence. The token has shown a positive trend for 16 days over the past 30 days, indicating stable performance. Its trading volume to market capitalization ratio is 0.4084, suggesting active trading activity.
Aave's current position reflects its growing influence in the DeFi space. Its increasing deposits, high liquidity, and proactive governance indicate that it is moving steadily forward, with its services continuing to attract user interest.
2. MKR
Maker's attractiveness in the market continues to increase, with a significant price surge reaching $2,229, up 24.71% in the past 24 hours. During the same period, the token's trading volume was $397 million, with a market capitalization of $1.96 billion, accounting for 0.06% of the entire cryptocurrency market. Its trading price is above the 200-day simple moving average (SMA) of $1,822.44, with a premium of 22.28%.
Market sentiment towards MKR appears optimistic. The Fear and Greed Index measuring investor sentiment shows a score of 76, indicating extreme greed among investors. MKR also has strong liquidity, with a 24-hour trading volume to market capitalization ratio of 0.3803, and 15 positive trading days in the past month.
Additionally, the annual inflation rate of the token is -3.60%, indicating that the supply is decreasing. Technical indicators show a neutral stance, with a 14-day Relative Strength Index (RSI) of 67.39, suggesting potential sideways movement in the short term.
Predictions for MKR show that by the end of this year, its trading price could be between $2,152.58 and $3,449.00. If the average price in December reaches $3,005.95, this would represent a 35.60% increase from current levels, and if the predictions are accurate, the potential return for investors could reach 55.58%.
3. SOL
Solana has been integrated into the Crypto Life platform, enabling payments at 90 million merchants worldwide. The Solana platform announced this progress on its X account. This integration highlights Solana's fast transaction processing, low operational costs, and the continuously expanding decentralized finance ecosystem as the main reasons for this move.
Additionally, the platform has integrated with Uquid to launch Solana native USDT trading, allowing users to purchase various products. This development aligns with Solana's increasing popularity and enhanced infrastructure.
Solana's market performance shows a bullish trend. The current trading price is $224.15, down 1.26% in the past 24 hours, but up 37.67% in the past 30 days. The token is 35.12% above its 200-day simple moving average (SMA) of $166.07, indicating strong upward momentum. Analysts also emphasize its high liquidity relative to market capitalization.
The Fear and Greed Index further supports the sentiment in the blockchain space, currently showing 'Extreme Greed' at 76, reflecting investors' strong positive sentiment.
