Bitcoin experienced a slight pullback over the weekend, maintaining a narrow range of fluctuations. It pulled back to around 96,000 last night, only down less than 4 points from the peak. Currently, the trend looks a bit weak, but there are no concerns about a significant retracement.
Once Bitcoin’s fluctuations and adjustments are complete, and it starts to truly break through 100,000, it will signify the acceleration phase of this bull market. This is the most FOMO phase, when retail investors rush in.
The current stage is still in the cycle of sector rotation, and funds have not yet truly acted on altcoins:
After the MEME sector ends, it rotates to the old coins of major blockchains, followed by the metaverse and some DeFi, with stories of tripling in ten days being common.
Old coins are just the appetizer for this wave of altcoin season, the real main characters of the altcoin season are quietly raising the water level. The crazy performances of altcoins in each round of the bull market occur during the acceleration phase of Bitcoin.
In a bull market, every pullback is the best buying opportunity. Always remember this: during every market pullback, what you see is fear, but what I see is opportunity.
When others panic, I buy the dip! 4 cryptocurrencies are about to explode with 100x potential!
PNUT
The cryptocurrency Peanut the Squirrel, based on the Solana blockchain, has recently gained widespread attention. Its market capitalization is $1.24 billion, currently ranking among the top 75 cryptocurrencies.
Over the past month, the price of PNUT has surged by 2255%, marking a period of rapid growth. The token reached an all-time high of $2.5 on November 14, but has since dropped by 50%. Despite this decline, market sentiment remains optimistic. The fear and greed index stands at 80, indicating a high level of market optimism.
The trading activity of this token seems strong, with a 24-hour trading volume to market cap ratio of 2.3063, indicating good liquidity relative to its market cap. Looking ahead, Peanut the Squirrel's price is expected to rise by 221.23%, potentially reaching $3.48 by December. As it approaches recent highs, some investors see it as one of the most worthwhile cryptocurrencies to invest in right now.
NEAR
The price of NEAR protocol (NEAR) has increased by 21% in the past 24 hours, reaching a high of $7.251. This rise coincided with Deutsche Telekom's announcement of support for the protocol, boosting market activity.
The project is also committed to integrating decentralized artificial intelligence (AI). The collaboration with Zero1 Labs aims to promote decentralized AI tools for developers and innovators. These partnerships have created positive sentiment within the NEAR ecosystem.
24-hour trading volume increased to $1.3 billion, reflecting growing investor interest. NEAR's market cap is $7.8 billion, with a circulating supply of $1.2 billion. Current price sentiment remains bullish, with the fear and greed index showing 'extreme greed' at 80.
The trading price of NEAR is above its 200-day simple moving average (SMA) of $4.89, with a gain of 31.93%. Over the past month, the protocol recorded 17 green trading days, accounting for 57% of that period. Its market capitalization indicates strong liquidity.
JUP
Jupiter (JUP) is a trading aggregator engine on Solana. It provides liquidity infrastructure for the Solana ecosystem. Jupiter is expanding its DeFi products, which include limit orders, DCA/TWAP, bridge comparators, and perpetual trading. These tools are designed to improve trading on Solana. Jupiter's platform helps traders achieve better prices and deeper liquidity. By enhancing DeFi products, Jupiter plays a role in the growth of Solana. The platform is committed to making decentralized finance more convenient and efficient.
UNI
Uniswap is a decentralized exchange on the Ethereum blockchain. It allows users to trade cryptocurrencies without an order book. Users have complete control over their funds. Uniswap launched the UNI token in September 2020.
UNI is a governance token that allows holders to vote on changes to the platform. This includes fee structures and token distribution. To compete with SushiSwap, Uniswap distributed 150 million UNI tokens to past users. Each user received 400 UNI tokens at launch, worth over $1,000. Uniswap is open-source, allowing free token listings. It is one of the largest DeFi platforms, with over $3 billion in assets. The UNI token plays a key role in the decentralized governance of Uniswap.
