With Bitcoin's new highs as a reference, the altcoin bull market has progressed about 20%, still offering ample entry opportunities. Many altcoins currently appear to be struggling, failing to break through while Bitcoin continues to reach new highs. Only a few have started to gain momentum, such as XRP, ADA, TRX, XLM, and LINK, which are either hitting new highs or approaching previous highs. The prices of most secondary altcoins on major exchanges are still hovering at bear market levels, which actually presents opportunities. As long as the projects are still operational, it is highly likely that institutions have already intervened to gain control. When the timing is right, a 3-5x return can be achieved in just 7 days or even within a day, and in less than a month, the price can surge as much as 3-4 years of consolidation. Altcoins can complete Bitcoin's 2-year bull market process in just 7 days, and in a truly explosive bull market, 99% of secondary altcoins on major exchanges will experience significant surges, with many achieving 3-5x or even more than 10x increases.
JasmyCoin (JASMY) is priced at $0.04602, having risen by 6.24% in the past 24 hours. Its market capitalization is $2.27 billion, up 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 increasing by 645%. This performance surpasses most of the top 100 ranked crypto assets. Additionally, JASMY's trading price is well 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', reflecting strong investor optimism. In the past 30 days, JASMY has maintained stable momentum, with 16 days (53%) closing up.
JasmyCoin continues to exhibit 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 stable performance indicates its potential for continued upward movement, though there are some volatility risks.
2.GALA
Gala's trading price is $0.05086, having risen by 3.53% in the past 24 hours. Its market capitalization is $1.85 billion, up 3.55%. During the same period, trading volume increased by 6.56%, reaching $259.71 million. The fully diluted valuation (FDV) is $1.96 billion, while the trading volume to market capitalization ratio is 13.95%. Gala's total supply is 38.57 billion tokens.
In the past year, Gala has shown robust upward momentum, with its price increasing by 65%. Its trading price is 68.97% higher than the 200-day simple moving average (SMA) of $0.030124. This indicates strong momentum and reinforces the market's positive trend. 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 stable. In the past 30 days, Gala has risen on 19 days, with a rise rate of 63%. This reliable upward trend indicates that the company's stock price is steadily increasing, and investor interest is strong. Liquidity conditions are also very favorable. A high trading volume to market capitalization ratio of 13.95% supports efficient and active trading.
3.ENA
Ethena (ENA) has performed strongly in the recent bullish wave sweeping the cryptocurrency market, attracting significant attention. Over the past week, ENA surged by 12.80%, reaching $1.13, with its market capitalization rising to approximately $2.04 billion.
In the past 24 hours, ENA has risen by 14.02%, surpassing many other altcoins. Its market capitalization has also surged by 14.03%, currently reaching $3.32 billion. This price spike occurred after breaking the $0.862 level on December 10, completing a descending wedge pattern. This pattern shows that the lower highs and lows are narrowing, which typically indicates an upward trend. This breakout reflects an increase in buyer momentum, suggesting further upward potential in the future.
Technical indicators enhance optimism. Rising trading volume and bullish moving average crosses indicate a sustained 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.
More excitingly, Ethena Labs has 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 serve 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 rather 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 outstanding high-yield option, further enhancing Ethena's appeal to investors.
