With Bitcoin's new high as a reference, the altcoin bull market is about 20% along, still offering ample opportunities for entry. Many altcoins still appear to be struggling, failing to break through during Bitcoin's new highs. Only a few have started to gain momentum, such as XRP, ADA, TRX, XLM, and LINK, which are reaching new highs or approaching previous peaks.
The vast majority of mid-cap altcoins are still hovering at bear market levels, which presents opportunities. As long as the project is still operational, it is highly probable that institutions have already intervened to gain control. Once the timing is right, it could yield three to five times returns in just a week or even a day, and within a month, it could release the potential of several years of consolidation all at once.
Altcoins can complete a two-year bull market process of Bitcoin in just 7 days. For any major secondary altcoin, in a truly explosive bull market, 99% will see explosive growth, with three to five times the base, and many will even exceed tenfold increases. In other words, the seeds for altcoin season's explosive growth were sown during the bear market. Regardless of how narratives change, as long as liquidity is flooding, even the oldest assets can experience a breakthrough. It doesn't even require creating a new narrative; just pushing the price will suffice, as there are plenty of 'research analysts' ready to write scripts for you.
The vast majority of assets may remain stagnant for years, with explosive growth occurring only for one or two weeks. Only a few assets, like BTC, serve as a tangible representation of the bull market process. Most people do not believe it because they do not see hope or the underlying logic of altcoins. Therefore, altcoin season is inevitable, and those still operational are bound to experience explosive growth.
Positioning three cryptocurrencies with the potential for 100x future gains!
1.JASMY
The price of JasmyCoin (JASMY) is $0.04602, having risen by 6.24% in the past 24 hours. Its market cap is $2.27 billion, up by 5.46%, with a 24-hour trading volume of $244.75 million (+29.92%). The fully diluted valuation (FDV) is $2.29 billion, with a circulating supply of 49.39 billion JASMY and a maximum supply of 50 billion.
JasmyCoin has performed excellently over the past year, with its price rising by 645%. This performance surpasses most of the top 100 ranked crypto assets. Additionally, JASMY's trading price is significantly above its 200-day simple moving average (SMA) of $0.024078, indicating a strong upward trend.
The Fear and Greed Index is currently at 80, indicating 'extreme greed', suggesting strong optimism among investors. Over the past 30 days, JASMY has maintained stable momentum, closing higher on 16 days (53%).
JasmyCoin continues to show positive momentum, supported by strong fundamentals, stable liquidity, and optimistic market sentiment. However, the current 'extreme greed' index suggests that investors should remain cautious, as adjustments may occur in the short term. JASMY's steady performance indicates its potential for continued growth, but there are some volatility risks.
2.GALA
Gala's trading price is $0.05086, having increased by 3.53% in the past 24 hours. Its market capitalization is $1.85 billion, up by 3.55%. During the same period, trading volume grew by 6.56% to $259.71 million. The fully diluted valuation (FDV) is $1.96 billion, with a trading volume to market cap ratio of 13.95%. Gala's total supply is 38.57 billion tokens.
Over the past year, Gala has shown a robust upward trend, with its price increasing by 65%. Its trading price is $0.030124 above the 200-day simple moving average (SMA), indicating a strong momentum and reinforcing the positive trend in the market. Market sentiment remains optimistic, with the Fear and Greed Index currently at 80, reflecting this. This 'extreme greed' reading indicates strong investor confidence.
Gala's performance has also been quite stable. Over the past 30 days, Gala has had 19 days of increases, with an impressive 63% increase days. This reliable upward trend indicates steady growth in the company's stock price, with strong interest from investors. Liquidity conditions are also very favorable. The high trading volume to market cap ratio of 13.95% supports efficient and active trading.
3.ENA
Ethena (ENA) has performed strongly amidst the recent bull market wave sweeping through the cryptocurrency market, gaining significant attention. Over the past week, ENA soared by 12.80% to reach $1.13, with its market cap increasing to around $2.04 billion.
In the past 24 hours, ENA has surged by 14.02%, surpassing many other altcoins. Its market cap has also jumped by 14.03%, currently reaching $3.32 billion. This price surge occurred after breaking through the $0.862 level on December 10, completing a descending wedge pattern. This pattern shows that lower highs and lows are narrowing, generally signaling an upward trend. This breakout reflects enhanced buying momentum, indicating further upward potential in the future.
Technical indicators have bolstered optimism. Increased trading volume and bullish moving average crossovers suggest a continued upward trend. The $1 support level has proven to be solid, and if ENA can break through the $1.19 resistance level, the price seems poised for further increases.
Even more exciting is that Ethena Labs recently announced details of the upcoming stablecoin USDe. Unlike traditional stablecoins like Tether (USDT) and USD Coin (USDC), USDe is designed specifically for trading and can act as an investment tool that provides returns. This innovation highlights Ethena's efforts to stand out in the DeFi space.
The uniqueness of USDe lies in its staking mechanism. It does not rely on fiat reserves but stakes ETH to generate returns. This approach eliminates short-term financing rates and offers holders an impressive 29% annual yield. These features make USDe an excellent high-yield option, further enhancing Ethena's appeal to investors.
