Yesterday's crypto market felt like a small roller coaster ride; Bitcoin slightly shook the market. Market makers tried to pull the price back, but failed, indicating that everyone is quite satisfied with the current price! Looking at the data analysis, the upcoming market may take a breather, but don't rush; in the long run, the upward trend is still steadily on track. For those holding coins for the long term, if you plan to sell next year, don't impulsively short-sell!
Remember, when the price is low, we buy; when it's high, we wait, and don't rush to sell everything. This way, we won't fear price fluctuations, and our mindset remains as stable as a mountain! When it comes to trading, don't be too eager; don't jump in just because you're excited; have a plan and take it slow. After all, we're playing the long game, not fixating on short-term fluctuations. This is just my personal review; investing should be based on your own judgment, and you can take this as a bit of fun to consider.
Bitcoin is hovering between 93,000 and 98,000. From last night to today, ETFs and bulls have been supporting to prevent the price from dropping. It seems we are looking for a new direction within this range.
$BNB is quite strong; 670 to 720 is its safe zone since airdrops have locked up many coins, reducing the number of sellers, and there are more loyal holders, making it suitable for slow grid trading.
The second-in-command $ETH is estimated to fluctuate directly between 3,200 and 3,700. There have been many good news recently, and the institutions involved with ETFs are buying non-stop, which provides a relatively good support level.
Returning to today's daily $BTC technical market analysis, from the candlestick chart, the hourly level is sideways, the 4-hour level is down, the 12-hour level is down, and the daily level is down, with an intraday resistance level at 96,500 and a support level at 92,000.
5 cryptocurrencies that may explode with 100 times returns!!
Ethereum (ETH): The pillar of DeFi and NFT
Ethereum is like the OG innovator of the cryptocurrency world. It is the blockchain that made smart contracts a reality, and its ecosystem continues to evolve with decentralized finance (DeFi) platforms, NFTs, and more. With the full rollout of the Ethereum 2.0 upgrade, the network becomes faster, cheaper, and more eco-friendly, making it the preferred choice for long-term investors.
ETH is not just a hype; it involves speculation as well. It's about persistence. As more developers and institutional participants engage in development on Ethereum, its value is expected to rise. If you're looking for a cryptocurrency with a solid track record and enormous future potential, then ETH is a wise choice.
Avalanche (AVAX): A combination of speed and sustainability
Avalanche is gaining attention as one of the fastest and most scalable blockchains. With its eco-friendly consensus mechanism and the ability to process thousands of transactions per second, it has become a favorite among developers building decentralized applications (dApps).
The Avalanche ecosystem is rapidly developing, but analysts have expressed some concerns about its recent market sentiment. That said, its unique subnet architecture gives it a competitive edge, making it a strong candidate for investors who believe in blockchain scalability.
Aptos (APT): Redefining blockchain speed and efficiency
Aptos is like the speed demon of the cryptocurrency world, processing an astonishing 3.7 million transactions daily. Its cutting-edge technology and developer-friendly platform make it a hotspot for the next generation of dApps.
Despite impressive numbers, Aptos does face some criticisms regarding decentralization and governance. However, as we approach 2025, its rapid growth and strong community support make it one of the most noteworthy cryptocurrencies to watch.
Cardano (ADA): A source of long-term momentum
Cardano focuses on the long game. Known for its methodical approach, Cardano emphasizes sustainability, scalability, and interoperability. Recent upgrades, such as Hydra's faster transaction speeds, are laying the groundwork for broader adoption.
Despite some analysts predicting a short-term decline for ADA, many believe that 2025 could be a breakthrough year for ADA. If you are keen on projects that combine innovation with stability, Cardano deserves a place in your portfolio.
Solana (SOL): The fusion of speed and innovation
Solana has recently gained immense popularity, attracting developers and investors with its lightning-fast transaction speeds and low fees. Its ecosystem is thriving, with a strong influence in the DeFi and NFT sectors.
Nevertheless, some analysts hold a cautious view on Solana's long-term sustainability. But if you're looking for a cryptocurrency that could break through potential boundaries, Solana is worth a closer look.
The crypto space has always been a process of survival of the fittest! To avoid being eliminated, you must make changes!
Every penny you earn is a monetization of your understanding of this world; every penny you lose is due to your cognitive shortcomings. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there are 100 ways for society to harvest you!
Until your understanding and wealth align. Waiting for a bull market is the most testing!
But if you wait, then you'll understand what it means to endure hardship before enjoying rewards. Everyone mustn't leave the market; the hard days are about to end, and a raging bull market is on the way!