In a bull market, frequent flash crashes refer to today's downward spike in Bitcoin. In the current trend, be bold in catching such spikes; don't hesitate.
The purpose of this Bitcoin spike is to clear leverage, resulting in over 400 million liquidated, with all over 10x leverage liquidated. Altcoins have not fluctuated much; essentially, most people will not FOMO into altcoins now, as there is no demand to clear leverage.
Every flash crash is an opportunity for the Ethereum exchange rate to rebound, and each flash crash propels altcoins to a new level.
Whether it was the last internal turmoil in South Korea or today's Bitcoin spike, it essentially has little impact on altcoins, contrasting sharply with the performance during bear markets. This validates what I have always said: in a bull market, just crush the altcoins; don't always think about moving around. This is the basic strategy I have established for myself and my trading brothers at this stage: don't fumble around, it's useless.
Lay out 3 altcoins with the potential for 100x future gains!
1.RENDER
Render Token (RNDR) has shown strong price performance recently, reflecting bullish market sentiment. RNDR is trading at $10.13, up 14.45% in the past 24 hours. The trading volume in the past day reached approximately $4.96 billion, a significant increase of 321.24%. Its current market cap is $5.24 billion, with a fully diluted valuation (FDV) of $6.52 billion.
Over the past year, the price of Render Token has increased by 161%, outperforming over 62% of the top 100 cryptocurrencies. Notably, during this period, RNDR also surpassed Bitcoin and Ethereum. The trading price of the token is 59.39% above its 200-day simple moving average (SMA), currently valued at $6.33. This is a positive indicator, signaling sustained bullish momentum.
Regarding market behavior, the Fear and Greed Index is currently at 84 (extreme greed), reflecting the heightened optimism among investors. Furthermore, Render Token recorded 20 days of gains in the past 30 days, meaning the ratio of positive daily performance is 67%. Overall, RNDR has maintained its upward trajectory while outperforming major cryptocurrencies, highlighting its resilience.
2.LDO
Lido DAO (LDO) has performed excellently in recent trading activity. Its current price is $2.24, up 7.67% in the past 24 hours. The market cap of the token is $2.01 billion, up 7.78%, while its fully diluted valuation (FDV) is estimated at $2.24 billion.
The token has strong liquidity relative to its market capitalization, with a 24-hour trading volume of $426.53 million. This trading volume accounts for 21.22% of the market cap, indicating high participation and turnover.
Currently, the market sentiment for LDO is bullish, and the Fear and Greed Index of 84 further supports this view, indicating extreme greed in the market. The token's price is above its 200-day simple moving average, which is a technical indicator typically used to assess long-term trends. Additionally, the token experienced 19 positive trading days in the past month, equating to a success rate of 63% for daily price increases.
3.WLD
Worldcoin (WLD) is priced at $4.10, up 6.69% in the past 24 hours. The market cap rose 7.61% to $2.59 billion, with a 24-hour trading volume of $1.26 billion, approximately 48.47% of its market cap. The fully diluted valuation (FDV) is estimated at $35.27 billion, highlighting further growth potential.
WLD's sentiment remains bullish, with the Fear and Greed Index showing a reading of 84, indicating extreme greed in the market. Over the past year, the price has risen by 45%, demonstrating long-term robust growth. In the past 30 days, WLD has had 18 days where the daily closing price was higher than the opening price, meaning the success rate of positive daily performance is 60%.
Worldcoin's market capitalization shows high liquidity, making it easy for investors to enter and exit the market. Predictions for December 2024 suggest its price could range between $3.39 and $9.83, with an average price of $6.00. Worldcoin's strong liquidity and favorable technical trends make it an attractive choice for investors.
