If we examine Bitcoin's market share, this year indeed bears many similarities to 2019: both face industry downturns and witness new funds primarily flowing into Bitcoin, the leader.
If we analyze from a relatively fixed perspective, when Bitcoin's market share attracts funds to about 65%, it may indicate that the industry is about to usher in a new turning point, a new myth is on the horizon. Once the market share rises to 70%, it can be said that it just awaits a suitable opportunity for the entire industry to be completely ignited. Because at this critical moment, even a small outflow of funds from the Bitcoin market is enough to trigger a frenzy in the industry. After all, we still want to believe that such moments of frenzy will eventually come!
Buying these cryptocurrencies in 2024 could yield 100 times the returns!
1.ONDO
Recently, the price of Ondo Finance's ONDO token has fluctuated significantly, attracting widespread attention from the market. Within this month, due to the successful integration with PayPal's PYUSD, the value of the ONDO token achieved a leap of 35%. Following this good news, the ONDO price climbed another 9%, reaching a new height of $1.05. Moreover, the outstanding performance in the past week has demonstrated a 13% increase, highlighting investors' strong interest and expectations for this project.
It is worth mentioning that on November 15, Ondo Finance's partnership with PayPal PYUSD marked an important milestone in its development history. This collaboration mechanism allows users to achieve seamless conversion between PYUSD and Ondo's short-term U.S. government bonds (OUSG), building a bridge between decentralized finance (DeFi) and the traditional financial system. This not only reflects Ondo Finance's unique contribution to promoting the integration of the two financial fields but also suggests infinite possibilities for the future financial ecosystem.
Looking ahead, the market prospects for ONDO tokens are still generally optimistic. Analysts predict that by December 2024, ONDO's trading price could fluctuate between $3.45 and $4.90. This prediction suggests that compared to the current price, the potential increase for ONDO tokens could reach approximately 317%. If this prediction comes true, the return on investment (ROI) for investors could reach an astonishing 376.15%, undoubtedly injecting a strong boost into the market.
2.Render
Render Token (RENDER) has recently achieved remarkable growth, successfully crossing the $8 barrier, marking a milestone where its price has surged over 10 times. Market analysts optimistically believe that the upward trend of RENDER tokens is far from over, with some predicting its price will rise to $12.30 and could further leap to $22. More long-term predictions are even more exciting, suggesting that RENDER tokens may reach a high of $150 in a logarithmic growth manner.
Looking back at the glorious history of the RENDER token, it started at $0.47 and skyrocketed to $13.64, with an increase of 2791%. This extraordinary achievement undoubtedly lays a solid foundation for its future success. Current market signals strongly indicate that RENDER tokens are poised for takeoff, ready to set new historical highs.
Currently, the RENDER token is gathering momentum for a possible breakthrough. Its trading price is slightly above the 100-day moving average and is approaching the key resistance level of $6.02. Once this obstacle is successfully overcome, analysts generally expect a short-term increase of 20% to 30%. With such a strong bullish trend, achieving an astonishing 250% increase by the end of the year seems not to be an unattainable dream.
As the utility token of Render Network, Render Token carries the responsibility of promoting the development of a decentralized rendering platform. Render Network utilizes GPU-based rendering technology to significantly reduce costs for creators and achieves efficient, high-quality animation and visual effects production by leveraging the underutilized GPU capacity of node operators. Node operators are rewarded with RENDER tokens, creating a virtuous cycle and an efficiently operating ecosystem.
As the demand for rendering resources in the market continues to rise, Render Token provides an innovative and efficient solution. With its unique use case and strong development momentum, Render Token is expected to stand out in the altcoin market, especially against the backdrop of the current bullish trend.
3.PUNT
Peanut, a popular squirrel, has accumulated a large fan base due to its owner's frequent sharing of its anecdotes on social media. However, a sudden 'illegal feeding' incident led to Peanut being captured by relevant authorities and euthanized, which quickly aroused strong public outrage. Many netizens, including prominent figures like Musk, have spoken out for Peanut's plight, condemning this excessive behavior.
During Trump's election victory, Peanut unexpectedly became a focus, further exacerbating public dissatisfaction with the current government. Meanwhile, Musk's establishment of the government efficiency department actively implements his long-advocated ideas of streamlining institutions and improving efficiency, striving to save America. A tweet from Musk further elevated Peanut, making it comparable to Dogecoin in the 2021 bull market as a meme coin. At this time, PNUT (the cryptocurrency inspired by Peanut) was also launched on Binance.
In the cryptocurrency field, the wealth creation effect often relies on two major elements: one is the support of big names, and the other is the promotion of real money speculation. Musk's favor for PNUT is exactly like this, as Dogecoin's market value soared from an initial $10 billion to over $100 billion with Musk's help. In contrast, PNUT currently has a market value of only around $1 billion, leaving enormous potential for future growth.
4.NEIRO
Many friends may have noticed that NEIRO has exhibited a stepwise decline after reaching a peak. In response, I personally speculate that this may be due to the project's large scale, requiring more time for adjustments, or the market is preparing for the next round of buying at low positions in hopes of achieving another breakthrough on a solid foundation!
NEIRO's recent market performance has been quite eye-catching, with its 'rapid rise, slow pullback' trend particularly noteworthy. Among them, 'rapid rise' has become one of NEIRO's labels. Driven by favorable news or heightened market sentiment, it can quickly climb to new highs. This rapid momentum not only validates its solid intrinsic value but also sparks infinite imagination about its future potential.
In stark contrast to the 'rapid rise,' 'slow pullback' has become another major feature of NEIRO. In the face of market adjustments or short-term fluctuations, NEIRO has not plummeted sharply like other cryptocurrencies, but has instead demonstrated strong resistance to decline. This 'slow pullback' trend not only provides investors with relatively stable returns amid volatility but also triggers in-depth exploration of the funding operation strategies behind it.
From the perspective of seasoned investors, the trend of 'rapid rise, slow pullback' is often seen as a positive signal. They believe that this trend may indicate that major funds are deeply involved and meticulously laying out their strategies. Once market conditions mature, these major funds will use favorable factors, political factors, etc., to push the value of the currency for the next round of rises. Therefore, finding the right opportunity to buy at the bottom is crucial for investors.
5.DOGE
DOGE is closely linked to Musk and is迎来新的机遇 brought by Trump's administration. Musk's plan to establish a government efficiency department is directly named after DOGE, which seems to indicate that DOGE is about to迎来一波强势上涨.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) is about to undergo a change in chairmanship, as the former chair, who took a harsh stance on market makers, is about to step down, clearing legal obstacles for DOGE's rise. As a long-established digital currency, DOGE has accumulated a deep community consensus during its long-term development. The 'dog' image it represents is also deeply rooted in American culture.
In the context of a bull market, the price of DOGE is expected to experience explosive growth, with a breakthrough of the $0.5 barrier just around the corner. This forecast is based not only on the close connection between DOGE and Musk but also on its strong community foundation and unique cultural significance.
If you don't know how to filter strong coins, then I suggest you follow me. Whether it's spot or derivatives, a slight move might be your limit, and opportunities are short, so you must seize them! Success is not based on luck; choice is greater than effort, and the circle determines fate. In the crypto space, besides having an acute sense of timing, you also need to be part of a good team and have a good guide. By following me, you've already succeeded halfway in the crypto space.
At the very end, there are still many things that haven't been written down, such as specific opportunities, specific decisions, and the advance ambush of layouts. These things are often not summarized in a single article. Follow me, and I will share more bull market strategies and cutting-edge information from the crypto world for free.
