The Bitcoin market may be ushering in a new upward cycle. As this month draws to an end, there are only two weeks left before the general election. Trump is currently in the lead, which seems to indicate a positive signal for the cryptocurrency market.
In fact, regardless of the outcome of the election, the overall impact on the cryptocurrency space may not be significant. After all, Bitcoin and Ethereum have officially become legal exchange-traded fund (ETF) products, which has laid a solid foundation for them to withstand the fluctuations of external factors and maintain the fundamentals of the bull market unaffected.
However, if Trump continues to lead the election, it may cause drastic fluctuations in market sentiment and bring about sudden changes in the market; if his opponent Harris wins, it may bring a more stable and gradual market trend.
For investors, the key to maximizing returns is to hold on to their crypto assets. In addition, as the possibility of market rotation increases, the altcoin field may usher in new opportunities. Therefore, even if the currency you hold has not yet experienced a significant rise, there is no need to be too anxious, it may be on the way to a rotation. Stay patient and continue to hold positions, and you may be able to usher in your harvest moment!
Buy these cryptocurrencies in 2024 and get 100 times the return!
1.DOGE
Based on the current price trend analysis, Dogecoin is expected to break the historical record this year. If the current upward momentum is maintained, the average price of Dogecoin may climb to a high of $0.56 by 2025.
For this year, our highest price forecast for Dogecoin is $0.72. If market sentiment remains positive, the actual value of Dogecoin in 2025 may even exceed our upper limit of this forecast.
However, if the market turns pessimistic, the lowest price of Dogecoin may fall back to about $0.41 in 2025. Despite these possible price fluctuations, the fundamentals of Dogecoin remain solid, and as an important part of the Ethereum ecosystem, its long-term development prospects are optimistic by many large investors.
2.APT
As a first-layer blockchain platform, Aptos' core advantages lie in excellent scalability, rock-solid security and unparalleled reliability. It directly addresses the pain points such as high transaction fees and network congestion encountered by Ethereum (before it switched to the proof-of-stake mechanism).
The past two years have witnessed Aptos' remarkable achievements in the field of encryption. The number of unique interaction addresses has climbed to 27.7 million, demonstrating extremely high user activity and participation. Since its inception, the Aptos network has successfully processed an astonishing 1.7 billion transactions, a data that directly reflects its strong ability to handle massive transactions, all of which is largely due to its unremitting pursuit of increasing transactions per second (TPS).
Not only that, Aptos has further consolidated its position through strategic expansion. The acquisition of Palette Chain is an important step for its entry into the Japanese market, which is highly consistent with its vision of improving scalability, enhancing security and optimizing transaction efficiency. Projects such as Propbase have successfully realized the tokenization of real estate using Aptos as infrastructure and benefited from it.
In the last 24 hours, the price of Aptos token has increased by 1.05%, and the market sentiment is optimistic. The Fear and Greed Index reached 73, indicating that the current market is in the "greed" stage. From a technical perspective, the trading price of Aptos token is firmly above its 200-day simple moving average, and in the past month, there have been 18 days of rising trends.
3.IMX
Immutable X is well-known in the cryptocurrency space for its successful response to Ethereum’s scalability challenges. As Ethereum’s second-layer scaling solution, it uses zk-rollup technology to achieve zero gas fees and transaction speeds, making it the preferred platform for NFT marketplaces and Web3 game developers.
The IMX token powers the platform, driving activities such as trading, building, and minting NFTs. Immutable X stands out by optimizing Ethereum's infrastructure, effectively solving Ethereum's problems caused by high fees and congestion, which is very attractive to developers looking for cost-effective and responsive blockchain integration.
Today, Immutable X (IMX) performed solidly, with an intraday gain of 4.70% and a 24-hour trading volume that also climbed 58.73% to $47.42 million. In the global cryptocurrency rankings, Immutable X ranks 37th with a market cap of $2.67 billion. More than 70% of its token supply has entered circulation, bringing the fully diluted market cap to $3.26 billion.
As the leading gaming token in the cryptocurrency space, IMX has a market cap of $2.7 billion and has gained 9.13% in the past week. It is currently trading at $1.63, having gained slightly in the past 24 hours. The daily chart shows a descending wedge, but the recent positive trend suggests a breakout rally is imminent.
With its deep technical background in NFT and Web3 gaming, Immutable X, as a leading second-layer solution, has successfully solved key problems of Ethereum and become the preferred place for developers and investors in the NFT ecosystem.
4.APE
The sudden surge in the price of APE coin was driven by the project's recently launched blockchain and a series of successful market pumping operations, which caught many investors off guard and prevented them from catching up with the express train in time. In fact, the news about APE's preparation for a public chain had been circulating for several months, but no one expected it to be launched today.
The ideal time to intervene is to quickly follow up with spot trading when the news first appears, or to use contracts to gain large profits with small costs. For example, at 5 a.m., the market value of the leading token CURTIS was only $300,000, but now it has swelled to $15 million. CIF is closely followed, and its market value has also jumped to $8 million, and is expected to further climb to a high of $50 million.
In addition, it is rumored that OKX has started to configure RPC for APE, which means that the APE chain will soon be seamlessly connected with OKX's web3 wallet, which is undoubtedly another good news. However, it is worth noting that after the market heat gradually cools down, profit-taking may occur, so the price range of $1.1-1.15 is worth investors' close attention. Although the current situation is very good, the subsequent trend may still remain strong, so investors do not need to rush for success and should remain calm and observe.
5. BABY
Recently, the PEPE currency has shown a strong growth momentum, attracting the attention of many investors. The latest market dynamics show that "smart money" has withdrawn about 322.2 billion PEPE from the Binance platform, with a total value of about 3.39 million US dollars. These PEPE coins were purchased at an average price of $0.00000894 during the previous price drop, with a total of 304.1 billion coins. And yesterday, these PEPE were transferred to Binance and then quickly withdrawn. This move suggests that "smart money" is still confident in the future of PEPE.
From a technical perspective, the bottom support range of PEPE's current round of rise is between 0.00000848 and 0.0000093. If the price falls back to this range in the short term, investors may consider increasing their positions. At the same time, 0.00001197 above is the key resistance level at the short-term daily level. Only when the daily level trading volume is effectively enlarged and breaks through this price, the PEPE price will continue to rise to around 0.00001315.
As PEPE is a popular currency that has attracted much attention this year, its holding period is relatively short, and its performance is expected to keep pace with other mainstream currencies in the future bull market peak. Therefore, for investors who are keen on the concept of Meme coins, PEPE is undoubtedly one of the preferred options worthy of attention.
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