Good afternoon, brothers! TRX and BNB are both hitting new highs! BNB broke $770 and set a new historical high! Meanwhile, Tron (TRX) is surging against the trend, with a rise of over 100%, reaching a new high of $0.44 in six years.
Bitcoin's price is still hovering in a narrow range, creating opportunities for the rise of other altcoins. Although mainstream tokens are receiving significant attention, the performance of the top ten tokens has been particularly eye-catching recently!
Binance Coin (BNB) has quietly risen, with substantial capital inflow after last night's fluctuations, briefly touching $770 earlier and successfully breaking the historical high set in June this year.
In terms of market capitalization, BNB's gap with SOL, which surpassed it last month, has narrowed to less than 4.3 billion USD, firmly standing as the sixth largest token.
What is the logic behind the rise of altcoins?
I don’t know if you’ve noticed, but now there is a complete decoupling: when Bitcoin rises, altcoins do not follow; conversely, when Bitcoin falls, altcoins remain inactive. Moreover, altcoins are starting to emerge, especially established ones like XRP, ADA, HBAR, CRV, and IOTA. This is actually a phase of bloodletting. It indicates that the market's capital volume has relatively increased without significant outflows, but rather is rotating back and forth.
Bitcoin is consolidating at high levels, and liquidity is slowly flowing towards the second largest and some altcoins. Bitcoin's position is already very high, and adding to positions during a pullback is a good choice, as its major support is still there. MicroStrategy's cost is around 88k, and they recently added 1.5 billion dollars around 95k.
Will altcoins crash? How should we position ourselves? Right now, there are two directions:
First, Bitcoin has been draining capital, and altcoins remain still, so we can only wait.
Secondly, if market capital shifts to Ethereum, Ethereum will rise, and altcoins will also follow. This is a good time to accumulate.
However, if Bitcoin pulls back, altcoins won't simply pull back; they will definitely flood down. Without a clear direction, we can only wait for now!
From now until Trump takes office in January next year, everything is expected to rise. Previous analyses showed that the beautiful country uses Bitcoin as a strategic reserve, leading other countries to follow suit, and they also need to buy. Moreover, many listed companies will also buy, such as giants like Microsoft who are getting involved in buying Bitcoin.
Bitcoin will continue to break new highs next year. Don’t worry about altcoins dropping; if Bitcoin can't rise, altcoins will start to rise. According to historical patterns, the altcoin season begins seven months after each halving, and Bitcoin's dominance starts to crumble. This halving is in April, so seven months later will be November-December when altcoins will rise sharply and violently, but also quickly. If you don't prepare in advance, you won't have time to enter.
Position yourself in four types of altcoins that could increase by 10-100 times in the future!
1.OGN
Buy OGN, stop loss at 0.138, it's about to accelerate; making money in this market is as easy as drinking water.
2.TRU
Recommended target TRU has a strong market recovery demand, supported by positive news and capital, and technical indicators show signs of a breakout, indicating significant room for future increases.
The RWA track performed outstandingly this week and deserves special attention. Low market cap with high potential: Trove currently has a market cap of only 180 million USD and is in a fully circulating state. Significant capital inflow: Trading volume has gradually increased over the past few days, indicating heightened capital interest. Despite being affected by unexpected market fluctuations, it has now recovered and continued its upward trend.
3.QNT
Continue buying QNT, also in the payment sector, not rising much but with excellent performance, likely to catch up, and leading the payment sector stop loss at 135.8.
4.NTRN
NTRN has had a strong rally previously, and after peaking in February, it has adjusted for ten months, now adjusting properly. Currently, the daily chart has just broken through, with technical support indicating a bullish trend.
You can build a position in NTRN gradually, targeting the previous high of $2!
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