When Bitcoin (BTC) leads the market upward, especially when funds have not fully entered the market, blindly chasing increases carries significant risks, as market corrections may lead to substantial losses; thus, it is not advisable to rush in.
Once the upward momentum of Bitcoin weakens, funds may shift to other cryptocurrencies, especially leading coins like Ethereum (ETH) and SOL. Keeping a close eye on these coins' dynamics can help gain insight into market fund flow trends.
Recently, investors should pay attention to popular areas such as Layer 2, decentralized finance (DeFi), and Memes, as these sectors often rally after a strong rise in Bitcoin. As wise investors, they should position themselves in advance to capture changes in fund flows in a timely manner.
Currently, the rise of Bitcoin alone reflects a natural rotation in the market. During this phase, investors should remain calm and patient, waiting for shifts in fund flows and changes in market rhythm.
Buying these cryptocurrencies in 2024 could yield 100 times returns!
1.OP
Optimism (OP) currently has a trading price of $2.08, achieving a significant increase of 19.58% in the past 24 hours. This growth has propelled its market value to $2.59 billion, contributing to a trading volume of $857.19 million. Considering its fully diluted valuation (FDV) of up to $8.85 billion, and the total supply already reaching its maximum of 4.29 billion OP, Optimism's market position is not to be overlooked.
Looking back over the past year, Optimism's value has increased by 22%, and its current trading price is 30.09% higher than the 200-day simple moving average (SMA) of $1.60, showcasing its strong market performance. Currently, market sentiment around Optimism is generally optimistic, with a fear and greed index at 82, indicating extreme greed among investors. Based on this sentiment, the market generally expects Optimism's price to continue rising.
For future outlook, predictions indicate that by November 2024, Optimism's price could reach $3.39 and fluctuate within the range of $1.70 to $5.85. If this prediction comes true, investors starting from the current price could expect a potential return of up to 178.23%. Moving into December 2024, further predictions show Optimism's price could fluctuate between $5.73 and $8.15, with a monthly average price possibly reaching $7.12, meaning investors could enjoy a potential return rate of up to 287.51%.
2.MKR
Maker (MKR) currently has a trading value of 1,540.14, achieving a 2.05% increase in the last 24 hours. Over the past year, MKR's price has grown by 5%, showing a stable appreciation trend. The current market's fear and greed index stands at 82, marking the market as being in an 'extreme greed' state, reflecting ongoing investor confidence in MKR.
The MKR token has also exhibited high liquidity that matches its market value, further enhancing its market appeal. For the November forecast, MKR's price is expected to rise, reaching 2,359. The trading price this month is anticipated to fluctuate between 1,472.47 and 2,759.40, a range that may be influenced by last month's market performance. If the price touches the upper limit of the range, investors buying at the current price and holding until the predicted peak could see returns of up to 79.18%.
Looking ahead to December, MKR's trading price is expected to fluctuate in a wider range of 2,610.72 to 4,098.78. Analysts predict that by the end of this year, MKR's average price will reach 3,561.04, representing an increase of about 131.23% compared to its current value. For investors considering entering the market now, if predictions hold true, this means they could achieve a potential return on investment (ROI) of up to 166.15%, provided they buy at the current price level and hold until year-end.
3.TAO
Bittensor (TAO), as the cornerstone of the decentralized AI ecosystem created by Digital Currency Group (DCG), is leading a new round of transformation in this field. Under the leadership of DCG's head Barry Silbert, the group has expanded its strategic focus to the decentralized AI field and is committed to incubating and nurturing a series of innovative companies utilizing decentralized AI technology through its newly established enterprise, Yuma.
The Bittensor network encourages users to contribute their computing power and data resources for various tasks, including text translation, data storage, and protein structure prediction, through incentive mechanisms. Currently, the trading price of TAO is 468.03, with a daily increase of 2.28%. Its market value has risen to 3.45 billion, and the fully diluted valuation is as high as 9.83 billion. The circulating supply of TAO tokens is 7.38 million, while the maximum supply is capped at 21 million.
Over the past year, Bittensor has shown particularly strong growth, with its price increasing by 85%, outperforming the 53% of the top 100 cryptocurrencies. Compared to the 200-day simple moving average of 122.07, TAO's trading price exceeds by an astonishing 282.06%. However, despite TAO demonstrating such strong market performance, the current price predictions appear somewhat pessimistic.
Market sentiment towards TAO shows a complex situation. On one hand, the fear and greed index has soared to 82, marking the market as being in an 'extreme greed' state, indicating strong investor interest in TAO; on the other hand, bearish predictions suggest that prices may experience a correction. The forecast for December 2024 shows that TAO's trading price is expected to fluctuate between 1,601.05 and 2,271.45, with an average price projected at 1,985.22. If these predictions come true, investors could expect a return on investment of up to 386.66%.
It is worth mentioning that TAO's market capitalization liquidity is extremely high, with a 24-hour trading volume reaching 338.7 million, accounting for a staggering 9.71% of its market value, further highlighting its market activity and investor enthusiasm.
4.SUI
Sui stands out for its deep focus on enhancing user experience, successfully overcoming the barriers that often make blockchain seem inaccessible. By implementing convenient login processes, offering third-party sponsored free trading services, and allowing users to customize trading processes, Sui ensures its applications are not only powerful but also easy to operate and user-friendly. In the current market environment, people increasingly seek tokens that are both technologically advanced and easy to use. Compared to other tokens, Sui's dual emphasis on cutting-edge technology and user-friendliness may make it a highly attractive option for those envisioning the future of Web3.
5.DOGE
DOGE is closely linked to Musk and is welcoming new opportunities brought by Trump's administration. Musk's plan to establish a government efficiency department directly named after DOGE seems to suggest that DOGE is about to experience a strong surge.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) is about to undergo a chair transition, with the former chair, who took a tough stance on market makers, set to depart, clearing legal obstacles for the rise of DOGE. As a long-established digital currency, DOGE has accumulated a deep community consensus over its long development process. Its representative 'dog' image is deeply rooted in American culture.
In the context of a bull market, DOGE's price is expected to experience explosive growth, with the breakthrough of the $0.5 mark being imminent. This prediction is based not only on DOGE's close ties to Musk but also on its strong community base and unique cultural significance.
