Yesterday, both Bitcoin and Ethereum experienced a brief decline before rebounding. Bitcoin dipped to around $94,200, while Ethereum touched $3,510. As mentioned the previous day, the $3,500 area is a good low-entry point, especially for those who had previously taken profits or had not yet entered the market. For investors preparing to position in Ethereum and looking forward to the hype brought by next year's upgrade, the $3,500 region is worth paying attention to.
Bull markets are typically characterized by sharp declines followed by slow recoveries, where each sharp decline actually presents a re-entry opportunity. The key lies in the human emotions of panic and greed; many people always hope to catch a lower price, but in reality, bottom-fishing is often a strategy employed by major players. As investors, we need to enter the market according to a predetermined plan rather than blindly betting heavily. Although occasional good luck may yield significant returns, this strategy can easily foster a gambling mentality, ultimately leading to losses that will return to the market.
Having a clear plan before entering the market is essential, and it is important to execute rationally rather than chasing short-term profits.
These 3 popular altcoins have enough potential to surge after this correction!
SOL
Trump's appointment of David Sacks as the AI and crypto czar indicates that the formal recognition of the United States in the cryptocurrency space is accelerating, which also means that the SEC's past regulatory pressure on the crypto market may ease. The policy environment for the crypto industry may undergo positive changes, and the likelihood of encountering similar resistance to spot ETF reviews as in the past will significantly decrease.
Currently, the spot ETF application for SOL has been scheduled by Grayscale, and results are expected to be announced as early as Q1 2025. According to market analysis, the probability of SOL ETF approval exceeds 90%. Although SOL's market performance has been relatively flat in recent days, overshadowed by tokens like XRP and BNB, SOL's market cap still holds potential, with expectations of a breakout in January next year. If SOL's ETF application is approved, its price could potentially surge past the $1000 mark.
DOGE
As a pioneering meme coin, Dogecoin has gradually evolved from an initial joke to an important competitor in the cryptocurrency market. Currently, Dogecoin's trading price is around $0.39; nevertheless, it has increased over 70% in the past month, demonstrating its strong market resilience.
Dogecoin's ability to maintain relevance is largely due to its loyal fan base and supporters like Elon Musk. The current monthly growth trend also suggests that if market conditions remain stable, DOGE is expected to break the $1 mark.
With the passionate support of its community and strong market momentum, Dogecoin has established itself as one of the most promising meme coins amid the current altcoin collapse. For those who can withstand high risks and seek high returns, DOGE offers an attractive investment opportunity.
ENA
Recently, ENA (Ethena) announced two important events: first, a stablecoin in collaboration with BlackRock announced its participation in the MakerDAO competition; second, a deep partnership was established with the largest on-chain options platform Derivexyz, with plans to build options and structured products on USDe, combining Ethena's liquidity with the composability of USDe to create entirely new financial primitives.
These initiatives showcase ENA as a dark horse with immense potential in this market cycle. Although the core concept of the current bull market does not completely revolve around 'breaking the circle', ENA is gradually becoming one of the most attractive assets by cleverly leveraging market arbitrage opportunities, attracting traditional capital, and meeting the market's demand for stable returns. As the bull market progresses, ENA's unique advantages position it to become a standout star in the market.
