Some important news:
1. Since November 11, MicroStrategy has increased its holdings by approximately 192,042 bitcoins, while BlackRock has increased its holdings by about 118,795 bitcoins during the same period.
2. Michael Saylor has released Bitcoin Tracker information for the eighth consecutive week, possibly indicating another increase in BTC holdings.
3. Tether's CEO retweeted several posts stating that USDT will not be deemed illegal in Europe on December 30.
4. FTX will begin repaying $16 billion in cash, with claims processing set to start on January 3, 2025. According to previous news, FTX's court-approved Chapter 11 reorganization plan will take effect on January 3, 2025, and is set as the record date for the first distribution. Has Bitcoin been making you drowsy lately? It’s been fluctuating between $93,000 and $98,000, like it's taking deep breaths, preparing for a big move. But don't rush; institutions are generally optimistic about next year's market. Personally, I think this is an upward trend. After the rocket-like rise in the past two months, the market needs to catch its breath and stabilize!
So, how will the market move next?
Specifically for BTC, it seems to be playing a game of 'finding direction' right now. If there are no bad news disruptions, it might just surge one day. But at this time, don't put all your money in at once; dollar-cost averaging is the way to go, take it slow, and have a plan in mind. Even if it drops another 15%, we still have bullets to average down!
Looking at BNB, it's meandering between $680 and $720, today it's much lazier than yesterday, possibly because the airdrop activity is halfway done, and some friends have cashed out their profits.
As for ETH, it's hovering between $3,200 and $3,700, also waiting for the wind to blow in. BTC's inactivity doesn't mean ETH can't stir things up; after all, institutions have recently shown considerable interest in it and have increased their holdings!
Three mainstream coins that could surge 20-100 times when bottoming out! 1.DF
dForce, as a leader in the Web3 field of permissionless liquidity networks, is gradually becoming a star project in the industry with its multifunctional protocol suite covering decentralized stablecoins, universal currency markets, yield tokens, and RWA tokens. Moreover, dForce is actively expanding into emerging fields such as Bitcoin layer 2 networks, DePIN, and decentralized AI, aiming to create a comprehensive liquidity solution for Web3.
The price of DF tokens skyrocketed, breaking through the $0.1068 barrier, with the current price far exceeding the 200-day moving average ($0.0855979), showing an increase of 194.53%. In the past 30 days, DF tokens recorded 19 days of price increases, demonstrating strong upward momentum. Market sentiment is also extremely optimistic, with the fear and greed index reaching 73 (greed zone), reflecting investors' strong confidence in DF tokens and a significant increase in market liquidity.
Looking ahead, if dForce can announce significant partnerships or achieve breakthrough progress, DF tokens are expected to strongly surpass the $1.52 mark in 2024. Driven by a bullish market atmosphere, DF tokens may even steadily rise to an average price level of $1.19 by the end of the year.
2.NEAR
The NEAR protocol is a decentralized layer 1 blockchain designed to make decentralized applications (dApps) easy to build and use. Its focus on scalability, simplicity, and user-friendly tools has made it a popular choice among developers.
Key features: Sharding technology NEAR uses a unique sharding method called 'Nightshade' to achieve scalability. Developer-friendly tools: Supporting languages such as Rust and JavaScript, NEAR simplifies the dApp development process. Eco-friendly: NEAR adopts a Proof of Stake (PoS) consensus mechanism, reducing its carbon footprint.
Potential: Despite NEAR's technological advancements, its market capitalization limits its upside potential. Currently valued in the billion-dollar range, in the best-case scenario, the token could provide returns of 2-3 times.
3.SHIB
Shiba Inu (SHIB) is a meme coin inspired by Dogecoin, but built on the Ethereum blockchain. SHIB was launched in August 2020 by an anonymous developer known as Ryoshi, initially having trillions of tokens.
Half of the tokens were sent to Ethereum co-founder Vitalik Buterin, who donated and burned a substantial amount of tokens, enhancing SHIB's visibility. Unlike Dogecoin, SHIB's Ethereum foundation supports applications like ShibaSwap (a decentralized exchange). There are plans for an NFT platform and a DAO-based governance system. The integration with the Ethereum ecosystem gives SHIB the potential for broader use. In the current market cycle, SHIB’s development may attract attention due to its continuously expanding functionalities.
