December may become the last opportunity to get on board ETH and altcoins!!!
BTC is consolidating, while the ETH ecosystem is booming: Recently, BTC's performance has been volatile and SOL's popularity has declined, while yesterday, blue-chip projects in the ETH ecosystem such as UNI, AAVE, MKR, LINK, and CRV experienced a collective rise. The ETH sector has become the market's focus in recent weeks, showing impressive performance.
BTC.D continues to decline, indicating a trend change: The market cap dominance of BTC (BTC.D) has been continuously falling, a phenomenon that has rarely occurred in the past two years, and the 61% high in November may become history. This trend change suggests that funds are flowing into other sectors.
ETH is poised for a surge, opportunities are fleeting: The significant rise of ETH in November attracted a large influx of capital, and if December enters a period of consolidation, it may become the last opportunity for investors to get on board. By January next year, ETH could deliver unexpectedly strong performance, shocking the market.
Seize these three cryptocurrencies that have the potential to multiply 100 times in the future!
XRP
The price of XRP has recently soared above $2, reaching its highest level since 2018, with a total market cap exceeding $100 billion. This strong increase may be related to Ripple's upcoming stablecoin RLUSD.
It is reported that the regulatory approval for this stablecoin may be obtained as early as December 4. Ripple is continuously advancing the compliance process, striving to ensure its new products meet U.S. regulatory requirements.
The introduction of RLUSD could further enhance XRP's core role in financial transactions. The potential applications of stablecoins in cross-border payments and financial transactions are enormous, which may increase market demand for XRP and further drive up its price. Additionally, Ripple is deepening its integration with traditional financial institutions, expanding XRP's practical utility through the stablecoin ecosystem and further consolidating its market position.
From a technical analysis perspective, XRP shows positive trends in the short, medium, and long term. Currently, XRP's price is 248% above the 200-day simple moving average ($0.69), indicating strong momentum. It is currently priced at $2.39, with a 24-hour increase of 25.57%, close to the recent high of $2.49. Moreover, XRP's 24-hour trading volume to market cap ratio is 0.3888, showing ample liquidity.
Ripple collaborates with Archax and abrdn to launch the first tokenized money market fund on the XRP ledger, further expanding application scenarios. It is predicted that by 2030, the market size of tokenized assets could reach $16 trillion. This fund aims to enhance cost efficiency and settlement processes, injecting new growth momentum into the Ripple ecosystem.
ADA
Cardano (ADA) is a blockchain platform driven by scientific philosophy and research, with its current price at $1.27 and a total market cap of $38.13 billion. With a highly scalable blockchain architecture and efficient smart contract execution capabilities, Cardano is attracting an increasing number of developers to choose it as the foundation for their projects. As the network continues to upgrade, particularly in improvements in performance and security, Cardano's ecosystem is steadily expanding.
In terms of price performance, Cardano's current key support levels are at $1.05 and $1.00, while resistance levels are around $1.15 and $1.30. The market expects that with further technological advancements, its price may break through $1.50 in the coming months. In the long term, by 2025, Cardano could reach a target of $2, gradually becoming a more competitive player in the blockchain field.
YGG
The price of YGG is currently hovering just below the key resistance level of $0.70. To break through and reach $0.80, stronger market support is needed. $0.70 is an important psychological barrier, and if successfully broken, it could open new space for further price increases.
One potential catalyst for YGG's breakout is the upcoming 'purification event'. If this event can gain positive market response, it may become key in pushing the price through resistance. Such events often stimulate bullish sentiment among investors, injecting more momentum into the market and driving prices higher.
