Bitcoin has hit a new high again, while many altcoins still look like they are about to die. During Bitcoin's repeated new highs, only a few have started to gain momentum, such as XRP, ADA, TRX, XLM, LINK, which are either setting new highs or approaching previous highs.
The vast majority of secondary altcoin prices listed on major exchanges are still hovering at bear market levels, which is precisely the opportunity. As long as the project is still operating, it is highly likely that institutions have already intervened to gain control. Once the timing is right, they can pull up three to five times in just 7 days, and within a month, they can release the accumulated energy of three to four years all at once.
Altcoins can complete the bullish cycle of Bitcoin in 2 years within 7 days. Any secondary altcoin on major exchanges will likely experience explosive growth during a true bull market, with 99% seeing gains of three to five times, with a significant portion even exceeding tenfold.
That is to say, the seeds of explosive altcoin season were sown long before the bear market, regardless of how the narrative changes. As long as liquidity is abundant, even older assets will have an angle for breakout, and you don’t even need to find a narrative yourself; just keep pushing the price up. There are plenty of 'investigation researchers' to write the script for you.
Because most people don't believe, because most people see no hope and don't understand the underlying logic of altcoins, the altcoin season is bound to come, and those that are still operating will explode.
As the market turns bullish, the following 3 top altcoins will continue to rise!
1. ENA
Ethena (ENA) has performed strongly and attracted attention during the recent bull market wave in the cryptocurrency market. In the past week, ENA surged by 12.80%, reaching $1.13, with a market cap increasing to approximately $2.04 billion.
In the past 24 hours, ENA has risen by 14.02%, outpacing many other altcoins. Its market capitalization has also surged by 14.03%, currently reaching $3.32 billion. This price spike followed a breakout above $0.862 on December 10, completing a descending wedge pattern. This pattern shows that the range of lower highs and lows is narrowing, typically signaling an upward trend. This breakout reflects enhanced buyer momentum, indicating further potential for future gains.
Technical indicators have strengthened bullish sentiment. Increased trading volume and bullish moving average crossovers indicate a persistent upward trend. The $1 support level has proven to be solid, and if ENA can break through the $1.19 resistance level, the price seems poised for further gains.
More excitingly, Ethena Labs recently announced details of the upcoming stablecoin USDe. Unlike traditional stablecoins like Tether (USDT) and USD Coin (USDC), USDe is designed specifically for trading and can serve as an investment tool that provides returns. This innovation highlights Ethena's efforts to stand out in the DeFi space.
2. XRP
The price of XRP is $2.43, with a 24-hour price increase of 2.81%. Its market cap is $138.84 billion, up 3.57%. The fully diluted valuation (FDV) has reached $242.75 billion, while the 24-hour trading volume has surged to $10.18 billion. This marks an increase in trading activity of 11.94%. The ratio of trading volume to market cap is 7.33%, indicating strong liquidity. XRP's circulating supply is 99.98 billion, with a maximum supply cap of 100 billion.
XRP's price initially dipped slightly but quickly reversed. It rose above $2.50, reaching an intraday high. After peaking, it pulled back slightly and stabilized around $2.43. This indicates strong support at the current level.
Trading volume has increased by nearly 12%, reflecting growing investor interest and increased market activity. Steady growth in trading volume and price consolidation indicates a cautiously optimistic market. XRP's market cap is $138.84 billion, making it one of the top crypto assets. Additionally, its trading volume to market cap ratio is 7.33%, highlighting good liquidity. XRP's supply structure is transparent, with a maximum supply of $100 billion, adding stability for investors. Recent price increases and trading volume growth indicate positive market momentum.
3. XMR
Monero (XMR) has shown moderate gains, increasing by 2.42% in the past 24 hours. The current price is $211.18, with a market cap reaching $3.89 billion. This growth aligns with the broader positive trend in the cryptocurrency market.
The 24-hour trading volume increased by 23.79% to $116.74 million, indicating increased investor activity. The ratio of trading volume to market cap is 3.01%, suggesting balanced liquidity levels and stable trading participation.
Recent price trends reflect a recovery from previous declines, with Monero maintaining an upward momentum earlier in the day. Despite a slight pullback, the price has remained stable above $210, indicating strong support and widespread bullish sentiment.
Monero was launched in 2014 and is a privacy-focused cryptocurrency. It uses advanced cryptographic techniques to ensure transaction anonymity and untraceability, setting it apart from transparent networks like Bitcoin. This feature attracts users seeking confidentiality in digital payments.
Monero has a limited total supply of only 18.44 million XMR, and its scarcity adds to its value. Its unique focus on privacy and sustained demand solidifies its position as a key asset in the cryptocurrency space.