In the recent market changes, altcoins have experienced a series of ups and downs, with an overall downward trend. Only a few meme coins and a few public blockchain projects have shown strong resistance to declines. In the face of the two major upcoming events, investors need to remain highly vigilant to prevent leverage liquidation storms caused by panic selling in the market. Such storms are usually a self-protection mechanism when the market faces unknown factors, and investors tend to reduce risk exposure to avoid losses.

However, in a market full of crises, there are often sparks of opportunity for a turnaround. For experienced investors, they can keenly capture fleeting investment opportunities by closely tracking the pulse of the market and comprehensively evaluating various potential trends while effectively managing risks.

As the market leader, the movement of Bitcoin is particularly critical. When the altcoin camp begins to show signs of fatigue, if Bitcoin intends to attack the high ground of $70,000, then this strategy seems logical. After all, the market needs to gather enough momentum to cross this psychological barrier, which is crucial for the entire cryptocurrency market. If Bitcoin can refresh the historical record, it will be regarded as a signal that the bull market has officially started, so the breakthrough of this psychological barrier is of great significance.

In this context, investors should remain patient and hold on to their coins for a rise. For investors who have already established positions, they may wish to continue to hold their ground and wait for the market's blood-sucking effect to weaken before making plans.

Buy these cryptocurrencies in 2024 and get 100 times the return!

1. TREES

"BOOK OF MEME" (BOME) is currently trading at $0.010013, having achieved a significant gain of 30.74% in the last 24 hours. Looking back at the past 30 days, the token has shown growth half of the time (15 days). Its price is approaching the recent cyclical high of $0.010302, and it has demonstrated high market liquidity relative to its market capitalization size.

Currently, the market sentiment for BOME tends to be optimistic, with a total of 18 technical indicators sending positive signals. The positive correlation between BOME and cryptocurrencies such as Aerodrome Finance (AERO), Aave (AAVE), and EigenLayer (EIGEN) has increased significantly in the past week.

In addition, BOME's price trend shows a moderate positive correlation with the top 10 tokens by market capitalization (excluding Tether), with a correlation coefficient of 0.567, and a correlation coefficient of 0.457 with the top 100 non-stable coins by market capitalization. The price fluctuations of these related assets may provide some reference for the future trend of BOME. On the contrary, assets that are negatively correlated with BOME may show the opposite price change trend.

In terms of short-term forecasts, BOME's prospects are relatively bright. This week, its trading price is expected to fluctuate between $0.009039 and $0.013471. Some forecasts indicate that by October 21, 2024, the price of BOME may rise by 49.03%. By October 28, 2024, the price of the token is expected to further climb to between $0.013471 and $0.015508, with an upper limit target increase of 15.12%.

Looking ahead to the rest of 2024, BOME is expected to trade in the range of $0.009039 to $0.043046. If the upper limit of this forecast is achieved, the price of BOME will be expected to achieve a significant increase of up to 329.12%. However, it is worth noting that market conditions and unforeseen external factors may still have an impact on the above forecast.

2. YUP

Grayscale's exploration of new crypto assets has included Jupiter (JUP), a DEX aggregator built on the Solana blockchain that is particularly famous for supporting meme token trading. Jupiter has attracted attention for its unique ability to generate revenue for the community, earning $3.38 million in revenue in October alone. This feature coincides with Grayscale's commitment to investing in financial projects that create value through decentralized operating models.

In the field of financial projects, Grayscale's vision is not limited to emerging forces, such as DEX platforms such as Aerodrome, Injective and Mantra, but also covers old projects such as ThorChain. This strategic adjustment clearly shows Grayscale's strong interest in exploring and embracing innovative DeFi (decentralized finance) models.

Jupiter's total locked value (TVL) has set a new record of $1.32 billion, while its market capitalization is $1.16 billion, a comparison that suggests it may be undervalued by the market. Although the current trading price remains at around $0.85, as the popularity of meme tokens continues to rise and Jupiter continues to optimize its trading technology and liquidity management, the token's appreciation potential is generally optimistic.

Additionally, Jupiter’s active involvement in innovative liquidity solutions is further demonstrated by its role in the upcoming DeBridge DBR token launch in October, which emphasizes fair distribution and price stability, using Jupiter’s liquidity tools to effectively prevent price manipulation.

In summary, the fact that Jupiter has been included in Grayscale's list of potential listings speaks volumes about its growing importance in the decentralized finance space. The continued expansion of the Jupiter project, as well as Grayscale's extensive focus on emerging DeFi models, together reveal the continued evolution and relevance of this industry in the cryptocurrency market. However, it is worth reminding that, like all crypto assets, Jupiter's value fluctuations are also subject to the dual influence of market trends and investor sentiment.

3.OK

Ondo Finance (ONDO), a company focused on providing financial services to institutional clients, has made significant achievements in the field of decentralized finance (DeFi). Since its establishment in the Cayman Islands in 2022, Ondo has used advanced blockchain technology to build a bridge that closely connects the traditional financial world with decentralized protocols, forming a unique ecosystem. In the process, Ondo Finance and its partner, the Ondo Foundation, work together to promote the tokenization of real-world assets.

Currently, ONDO is trading at $0.753211 and has gained 9.51% in the last 24 hours. The project has performed particularly well in the last 30 days, with 16 days (53%) experiencing price increases, or “up days”. This solid performance, coupled with its high liquidity relative to market capitalization, has undoubtedly increased market interest and confidence in the token.

Looking ahead, according to professional forecasts, ONDO’s price is expected to achieve a significant growth of 227.99% by November 2024, reaching $2.45. Although current market sentiment is slightly neutral with a Fear & Greed Index score of 48, ONDO has experienced moderate price volatility with a volatility of 8.89% over the past 30 days. Overall, with its excellent past performance and positive future forecasts, Ondo Finance presents investors with an investment opportunity full of potential that deserves close attention.

4. BABY

PEPE, the rising star in the meme coin world based on the internet celebrity Pepe the Frog, is undoubtedly one of the most dazzling characters in 2023. Since its stunning debut in April, PEPE has quickly occupied a place in the meme coin field with its unique charm and huge development potential, becoming a new leader.

Earlier this year, PEPE's performance was amazing, and its price soared all the way to a record high of $0.00001718. This sharp rise not only brought rich returns to early investors, but also excited the entire cryptocurrency community.

However, the good times did not last long, and PEPE subsequently suffered a correction, with a drop of 37%, which made many holders choose to take profits and temporarily withdraw from the stage. But even so, PEPE's future is still highly anticipated and full of infinite reverie and expectations.

5. DONE

FET, as an iconic token in the AI ​​field, is currently experiencing a sideways period after falling from its high point, and its price is steadily hovering around 1.4.

This sideways trend has continued for about one or two months, just like an athlete ready to go, quietly waiting for the pull of the bull market's "powerful engine", hoping to move forward and break through the existing price range.

As to whether FET will make a difference after Grayscale increases its holdings, the market is currently full of expectations and speculations. Everyone is waiting and hoping to witness the arrival of this critical moment.

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