Cryptocurrency market outlook during Christmas: 1. Current market situation. Every year during Christmas, the performance of the cryptocurrency market is usually quite similar. Currently, it is still in a correction state. The rebound after the crash on the 20th has already ended, and the current rhythm of this fluctuation correction looks more like a slow sell-off. This situation may continue until Christmas is over.
2. Is the bull market over?
The bull market has not ended. Firstly, the interest rate cut cycle has just begun, which is an important macroeconomic positive factor for the cryptocurrency market. Moreover, there are only a few days left until 2025, and Trump has not yet taken office. As long as he hasn’t taken office, the bull market still exists, and one could even say that the bull market has just begun. This is because the market still holds expectations for policies that may be beneficial to the cryptocurrency market.
3. Discussion on the timing of buying the dip
So, can we buy the dip after Christmas? My personal opinion is yes, of course, this is under the premise that no other unexpected events occur. For the next couple of days, I only suggest establishing a head position and mainly operating in a short-term wave manner. Preparations are already being made for the layout after Christmas.
In terms of altcoins, since even the Trump family is buying altcoins at the bottom, this to some extent also indicates that there are opportunities in altcoins, so there is no need to worry too much about altcoins; we should look at the subsequent market changes more positively.
Several doubling coins with continuous layout!
1. ENA
Overall, we are entering a fluctuating market, which is very energetic and not constrained by Ethereum's influence. There is a great opportunity for it to become a dark horse in this wave of market, so everyone must pay attention to its performance at mid-line and new highs, and be brave to all when necessary!
Of course, we must wait until the corresponding conditions are met. The trend line has not been broken, nor have there been signs of a trend reversal. That is the upcoming dark horse, and then we can take advantage of the positive news from a certain platform to change the original fundamentals!
LINK
In the context of uncertainty in the cryptocurrency market, certain projects and collaborations are also bringing new highlights. For example, the partnership between Chainlink and Hedera aims to promote the progress of DeFi and RWA by integrating Chainlink's decentralized oracle solutions. This collaboration will provide developers with a more secure, transparent, and decentralized data infrastructure, enhancing the reliability and security of DeFi platforms and applications. After the announcement of this collaboration, the price of LINK surged significantly, showing the market's strong interest in decentralized financial innovation.
OM
The OM token shows even more astonishing growth. The current price of OM is $3.63, with a market capitalization of $3.78 billion, and a 24-hour trading volume of $119.23 million, down 2.32% from the previous day. Its fully diluted valuation is $7.16 billion, indicating its market potential. Over the past year, the price of OM has increased dramatically by 15,096%, far exceeding mainstream crypto assets like Bitcoin and Ethereum. During this period, the price of OM broke its 200-day SMA at $1.84, with a growth rate of 116.99%. These performances reflect the strong market sentiment for MANTRA DAO and the high attention from investors towards the project.
