December may become the last opportunity to enter ETH and altcoins!!!
BTC sideways consolidation, ETH ecosystem explosion: Recently, BTC has been fluctuating, while the heat for SOL is waning. However, 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 a market hotspot in recent weeks, showing remarkable performance.
BTC.D continues to decline, signaling a trend change: The market capitalization ratio of BTC (BTC.D) has been steadily decreasing, a phenomenon that has rarely been seen in the past two years. The high point of 61% in November may become a thing of the past. This trend change indicates that capital is flowing to other sectors.
ETH is poised for a breakout, and opportunities are fleeting: The significant rise of ETH in November attracted a large influx of capital. If December enters a period of consolidation, it could become the last opportunity for investors to enter. By January next year, ETH might deliver an unexpected performance that could shock the market.
Seize these three cryptocurrencies that are expected to grow 100 times in the future!
XRP
XRP price recently soared above $2, reaching its highest level since 2018, with a total market capitalization exceeding $100 billion. This strong rise may be related to Ripple's upcoming stablecoin RLUSD.
It is reported that regulatory approval for the stablecoin could be obtained as early as December 4. Ripple continues to advance its compliance process, striving to ensure its new products meet U.S. regulatory requirements.
The introduction of RLUSD may further enhance XRP's core role in financial transactions. Stablecoins have significant potential in cross-border payments and financial transactions, which could boost market demand for XRP, thereby pushing prices higher. Additionally, Ripple is deepening its integration with traditional financial institutions, expanding XRP's practical utility through the stablecoin ecosystem, further solidifying its market position.
From a technical analysis perspective, XRP displays positive short-term, medium-term, and long-term trends. Currently, XRP's price is 248% above the 200-day simple moving average ($0.69), showing strong momentum. It is currently reported at $2.39, with a 24-hour increase of 25.57%, close to the recent high of $2.49. Additionally, XRP's 24-hour trading volume to market cap ratio is 0.3888, indicating ample liquidity.
Ripple collaborated 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 capitalization of $38.13 billion. With a highly scalable blockchain architecture and efficient smart contract execution capability, Cardano is attracting more and more developers to choose it as the foundation for their projects. With continuous upgrades to the network, particularly improvements in performance and security, Cardano's ecosystem is steadily expanding.
From a price performance standpoint, Cardano's current key support levels are at $1.05 and $1.00, while resistance levels are near $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 run, by 2025, Cardano could reach a target of $2, gradually becoming a more competitive player in the blockchain space.
YGG
YGG's price is currently hovering below the key resistance level of $0.70. To break through and reach $0.80, the market needs to provide stronger support. $0.70 serves as an important psychological barrier; if successfully broken, it could open up new space for further price increases.
One of the potential catalysts for YGG's breakthrough is the upcoming end of the 'purification event.' If this event receives a positive response from the market, it could be the key to prompting price breakthroughs against resistance. Such events often stimulate bullish sentiment among investors, injecting more momentum into the market and driving prices higher.
