I don't know if you have noticed, but now it's completely decoupled, when Bitcoin goes up, the altcoins don't follow, and when Bitcoin goes down, the altcoins don't follow much either. In addition, many altcoins have begun to emerge recently, especially the old brands such as $XRP $ADA $HBAR $CRV $IOTA. In fact, this is the stage of bleeding. Bitcoin is consolidating at a high level, and liquidity will slowly flow to the second-place player and the altcoins. There is actually nothing much to say about Bitcoin. Its position is too high now, so buy more when there is a pullback.
After all, the big support is there. The cost of MicroStrategy is around 88k. The day before yesterday, it entered another 1.5 billion dollars around 95k. Now most of the attention should be paid to altcoins. Share your own views. Be sure to like, follow and collect. There is an obvious signal that the ETF inflow of the second largest coin exceeded the ETF inflow of Bitcoin last Friday. Bitcoin is getting more and more expensive. Only institutions can afford it, so the target is on the second largest coin $ETH. The second largest coin is strong, and the altcoin is stronger. In addition, the altcoin will also launch an ETF next year. At present, the most promising one is Solona SOL.
Another thing is position control and management. No matter it is spot or anything else, you must not mess up. The market is getting better and better, and we must also make our profits higher and higher through stable and effective operations. Finally, I suggest that you pay attention to the latest data in the circle every day, such as the ETF trends of the big two, especially the fund trends of the second one in the near future.
Let's talk about today's daily $BTC market analysis. From the K-line, the 1-hour level is rising, the 4-hour level is rising, and the 12-hour level has a trend of stopping the decline and moving upward. The daily level is sideways and weak. The intraday pressure level is 98500 and the support level is 94300 US dollars.
4 100x Cryptocurrencies May Lead the Market Surge!
GHOST
Decentralized finance (DeFi) platform Aave has reached a major milestone with total net deposits reaching $31.4 billion. The figure marks a massive 50% increase in a month, up from $20.9 billion at the beginning of November. The growth highlights the growing interest in Aave’s lending services.
Aave has received $10.4 billion in new deposits in the past 30 days. The platform's native token AAVE is currently priced at $237.00, reflecting a 5.99% increase in the past 24 hours. It is trading well above its 200-day simple moving average (SMA) of $137.90, which is 71.13% above the benchmark. This indicates a strong upward trend in its value.
Meanwhile, AAVE’s market sentiment remains bullish, with the Fear & Greed Index at 76, indicating strong confidence. The token has seen positive movement in 16 of the past 30 days, indicating stable performance. Its volume-to-market cap ratio is 0.4084, indicating active trading activity.
Aave’s current position reflects its growing influence in the DeFi space. Its growing deposits, high liquidity, and proactive governance show that it is making steady progress and its services continue to attract user interest.
MSEK
Maker's traction in the market continues to grow, with a sharp price increase to $2,229, up 24.71% in the past 24 hours. The token has a trading volume of $397 million in the same period, a market capitalization of $1.96 billion, and accounts for 0.06% of the entire cryptocurrency market. It is trading above the 200-day simple moving average (SMA) of $1,822.44, a premium of 22.28%.
Market sentiment towards MKR appears to be positive. The Fear & Greed Index, which measures investor sentiment, shows a score of 76, indicating extreme investor greed. MKR is also highly liquid, with a 24-hour volume to market cap ratio of 0.3803, with 15 positive trading days in the last month.
Additionally, the token’s annual inflation rate is -3.60%, suggesting a decreasing supply. Technical indicators suggest a neutral stance, with the 14-day relative strength index (RSI) at 67.39, suggesting a possible sideways movement in the short term.
MKR’s forecast shows that by the end of the year, it could trade between $2,152.58 and $3,449.00. If the average price in December reaches $3,005.95, this would be a 35.60% increase from current levels, giving investors a potential return of 55.58% if the forecast holds true.
HBAR
Hedera (HBAR) has seen impressive growth recently, with its price increasing by 50% in the past 24 hours. Currently, HBAR price is $0.32489. The coin has surged 172% in the past week, making it one of the best-performing coins in the cryptocurrency market. This significant growth makes Hedera one of the top altcoins to consider, with the potential to achieve 10x gains by the end of 2024.
Hedera’s recent surge in price could be indicative of broader bullish momentum. The token is steadily approaching its all-time high of $0.5701 set in September 2021. The price is currently 36.99% below the peak, and many analysts believe that the network’s continued development and adoption could propel Hedera to new heights in the near future.
TRU
TRU's current market value is only US$180 million and is in full circulation. Recently, TRU's trading volume has begun to gradually increase, showing that the market's attention to the project is increasing. TRU has significant advantages in the field of DeFi and encrypted finance, and its innovative financial products and efficient on-chain solutions may bring it a huge market share.
The current price pullback to around $0.14 provides a good buying opportunity, and investors can intervene in moderation and set a stop loss below the key support level. TRU has the potential to become a project with amazing growth in the future, and investors should pay attention to its long-term growth trend.
The cryptocurrency world has always been a process of survival of the fittest and elimination of the weak! If you don’t want to be eliminated, you must make changes!
Every penny you earn is the manifestation of your understanding of the world; every penny you lose is caused by your cognitive defects. The greatest fairness in this world is that when a person's wealth is greater than his own cognition, this society will have 100 ways to harvest you! !
Until your cognition and wealth match each other. Waiting for a bull market is the most tiring thing!
But if you wait until then, you will know what it means to have sweet things after bitterness. Don’t leave the market, the hard times are coming to an end, and the violent bull market is coming!
