Some important information:
1. MicroStrategy invested about $101 million to acquire an additional 1,070 Bitcoins.
2. According to Binance's announcement, the Solv Protocol MegaDrop event has now begun. It is reported that Binance will list SOLV and open trading on January 17 at 18:00.
3. Last week, the supply of Ethereum stablecoins increased by $1.11 billion, and Solana added $202 million. Bitcoin has been driving the market's slight rise for nearly a week, and everyone's confidence is growing stronger. Both mainstream coins and altcoins are quietly rising. Have you seized the opportunity? I see many friends are still observing, resulting in missed opportunities. Should we still chase in now? Investment carries risks; one must be cautious in the market. I wish everyone great profits!
BTC I personally predict it will fluctuate between $99,000 and $103,000. This phase is when the foundation is solidified. If you don't have a position now, don't rush to chase the high; stay calm and accumulate at lower prices. Today's technical analysis for BTC shows that the 1-hour level is down, the 4-hour level is up, the 12-hour level is up, and the daily level is up, with a daily resistance level at $104,000 and a support level at $100,000.
Speaking of BNB again, I estimate it will consolidate between $690 and $730. The new MEGADROP event is already live, and participating might yield unexpected rewards. If we catch another LAUNCHPOOL, BNB breaking $730 could happen in minutes!
Lastly, let's talk about ETH, which is expected to fluctuate between $3,550 and $3,800 with a strong trend. Moreover, institutional holdings are continuously increasing, which indicates what? So, if you have ETH, just hold on. These four altcoins have the potential to explode 100 times! 1. BIO
The BIO Protocol, as a revolutionary financial layer in the decentralized science (DeSci) field, is making waves. BIO aims to accelerate the commercialization of breakthrough scientific research, serving as a platform for anyone to fund, develop, and manage tokenized scientific intellectual property (IP) from universities, companies, and researchers worldwide. According to its official website, the project aims to drive biotechnology innovation through decentralized funding and coordination, earning the title of 'gateway drug' for DeSci.
The trading price of BIO is 501,337.99% higher than its 200-day simple moving average (SMA) of $0.000146, highlighting its significant growth since launch. Although these numbers are impressive, the current price prediction sentiment for BIO remains bearish. However, the Fear and Greed Index shows a score of 76 (Greed), reflecting increased trading activity and growing optimism in the market for potential upward trends.
To further propel this momentum, Binance recently launched the BIO Protocol on Launchpool, its 63rd project. Launchpool is a platform designed to support innovative projects in emerging fields like DeSci. The mining period for BIO began on December 24 and will last until January 2, 2025, allowing Binance users to stake tokens and earn rewards by participating in this groundbreaking program.
2. PEPE
PEPE's potential lies in its strong community and ambitious roadmap. The plan includes making $PEPE a trending topic on Twitter, ensuring listings on centralized exchanges, and ultimately achieving 'meme supremacy.' Although it does not offer groundbreaking technology, its appeal reflects the viral nature of internet culture.
In the current market cycle, many are focusing on the upcoming Bitcoin halving, hoping for a bull market. PEPE stands out with its spirit of seizing the moment. Its rise reflects the growing trend of memes meeting money, and community sentiment can push the token to incredible heights. Compared to other meme coins, PEPE's transparency and direct approach make it a noteworthy player in this vibrant corner of the cryptocurrency world.
3. GLM
Golem stands out with its decentralized architecture, achieving parallel processing by distributing tasks among multiple providers. This significantly enhances efficiency and accelerates complex computations. By democratizing access to powerful computing tools, GLM has the potential to revolutionize industries reliant on extensive computing. In recent months, GLM has performed steadily, with a price increase of about 11% over the past week. The project continues to develop its network and expand use cases, aiming to capture a larger share of the decentralized computing market.
As of January 5, 2025, the trading price of GLM is approximately $0.425 per token. The 24-hour trading volume is about $19.26 million, indicating active trading and strong liquidity. Its circulating supply is about 1 billion, with a market cap of around $425 million. GLM provides innovative solutions to the limitations of traditional cloud computing using a decentralized network. Its unique task allocation method makes it a potential game changer across various industries.
4. BNB
BNB is the native cryptocurrency of the Binance ecosystem, launched as an ERC-20 token in June 2017. It is suitable for Binance Chain and Binance Smart Chain, supporting fee payments, token creation, and asset transfers. BNB supports smart contracts using proof-of-stake authority, allowing users to earn rewards through staking.
In addition to blockchain trading, BNB also offers fee discounts on Binance.com and is used by various third-party services. The supply of BNB gradually decreases through quarterly burns, aiming to cut the initial supply of 200 million in half to enhance its value. With its broad utility and continuously decreasing supply, BNB has potential attractiveness in the current market cycle.
