Cherish the days when Bitcoin is sideways and altcoins are crashing; in this phase, choose the right value coins and prepare for the big surge next year!
Brothers, have you felt very uncomfortable seeing Bitcoin not dropping much while altcoins are crashing? This morning, I saw everyone cursing the altcoins!
Don't panic, brothers; hold on to the value coins. Each drop should be a brave search for value coins, and then hold on tightly without getting shaken off the train!
Remember that every decline now is to pave the way for better rises in the future; choosing the right targets is more important than anything else!
With the rise of the supreme leader, Bitcoin is recognized by the world, and next year marks a true crypto year.
What to expect next year—compliance concepts + Trump's new policies + legal victories + market sentiment + expansion of technical applications + large capital involvement;
As Eric Balchunas and James Seyffart analyze, next year will welcome a 'wave of cryptocurrency ETFs';
Additionally, no matter how new concepts are created in this round, whether it's Depin or Ai, the ultimate focus is still on trading and decentralized finance. The creation of such a miracle by a hyper is not coincidental; the current applications of Web3 and blockchain are still primarily in Defi.
Therefore, the most beneficial policy for the supreme leader is the liberation of Defi and the mainstream acceptance of Bitcoin.
Do you own any of the following 4 altcoins?
1. FTT
In the past month, the FTX token (FTT) has shown an impressive upward trend, thanks to growing optimism about customer and creditor repayment plans. As FTX Trading Ltd and its related debtors get closer to implementing their Chapter 11 reorganization plan, which was formally approved by the U.S. Bankruptcy Court on October 1, 2023, the FTX token (FTT) has also risen.
After the collapse of the FTX exchange, the price of the FTT token significantly dropped. However, the price of this token has shown signs of recovery, rising 9.05% in the past 24 hours and even climbing 48.05% in the past month.
Additionally, FTX announced that the preparations for the repayment process have entered the final stage. According to the latest news, this process will begin in January 2025. FTX identified a dedicated distribution agent in early December, responsible for making global payments to eligible customers and creditors. Customers must register through the FTX portal, complete identity verification, and submit tax forms to participate.
From a technical analysis perspective, the charts for FTT show encouraging signs of a potential breakout. The 50-day moving average has crossed above the 200-day moving average, forming a 'golden cross.' This bullish signal suggests that if FTT breaks through the $3 resistance level, it may rise further.
2. RSR
Reserve Rights (RSR) recently broke through the key resistance level of USDT, showing impressive bullish momentum. The price broke through the resistance zone of $0.0092, which had previously been a solid barrier. After the breakout, the token retested this level as a new support area, indicating that further increases have a solid foundation.
The price trend of RSR on the weekly chart shows a clear long-term bullish signal, driven by both technical indicators and broader market factors. Two weeks ago, RSR experienced an astonishing 88% surge, reaching a multi-year high of $0.017. The sudden rise is speculated to be due to rumors that former SEC commissioner Paul Atkins may be appointed as the next Chairman of the SEC. Reports suggest that Trump may announce this news soon, and Atkins is currently seen as the leading candidate.
3. AVAX
Avalanche token Avax is also a recently launched altcoin in the middle of the altcoin season, and it is one of the well-established public chains with a good upward trend. Avax broke through $55 last week and has currently retraced to around $50, having risen over 37% in the past month. Currently, Avax's market cap exceeds $20.5 billion, with an FDV of nearly $36 billion.
From the news front, the recent rise of Avax, aside from the 'speculation' hinted by the founder of Ava Labs suggesting dialogue with the new U.S. government to promote cooperation, may be related to Avalanche's layout and growth in RWA.
Avalanche has a significant advantage in developing RWA as it allows developers or companies to create their own independent subnets.
4. CRV
Curve DAO Token (CRV) has recently experienced significant price fluctuations, with its value increasing by 5.05% in the past day. The current trading price is $1.13. This upward trend aligns with bullish market sentiment and an extreme greed indicator in the fear and greed index scoring 87, indicating strong market confidence.
Market dynamics show that CRV's market cap is $1.41 billion, showing slight growth, which further proves the token's acceptance and utility. CRV's trading volume is $501.48 million, up 3.47%, indicating increased trading activity, possibly influenced by recent developments in Curve Finance.
Noteworthy events include Curve Finance founder Michael Egorov's large-scale repurchase of 1.08 million CRV tokens at an average price of $1,114, totaling about $1.2 million. This move reflects strong confidence in CRV's future, especially after the liquidation event on June 13, aimed at stabilizing or increasing the token price.