Things always develop according to their own rules; based on previous ratios, if BTC corrects by 8%, altcoins can correct by about 20%. However, currently, many quality altcoins have dropped less than BTC, firstly due to a long period of consolidation resulting in fewer profit-taking, and secondly because the timing for altcoin explosions has arrived.
This round of BTC is so excellent because the ETF has passed and institutions like BlackRock are aggressively positioning themselves, which is favorable;
Pro-crypto Trump elected president, which is favorable;
With Trump's rise potentially slowing the interest rate cut cycle, we are still in the interest rate cut cycle, which is timely;
Despite Bitcoin recently falling below the $100,000 mark, many altcoins and meme coins are gaining attention.
Four meme coins stand out, showing tremendous upside potential in the coming days and weeks, especially while the market remains Bitcoin-dominated.
4 Major 100x Altcoins Expected to Make You a Millionaire in 2024!
MINA
The price of Mina Protocol (MINA) is $0.758935, having risen 7.00% in the past 24 hours. Market sentiment appears bullish, with the extreme greed index of the Fear and Greed Index at 82. The token's trading price is also 24.43% higher than its 200-day simple moving average (SMA) of $0.608159.
This indicates strong upward momentum. Over the past month, MINA has performed steadily, with 18 out of 30 days (60%) showing gains. Relative to its market capitalization, it also benefits from higher liquidity.
In December, MINA is expected to trade between $2.55 and $3.36, with an average price of $2.94. Compared to its current value, this would represent an increase of 286.81%.
ADA
Despite the overall market trend, Cardano has shown extraordinary strength and resilience in its recent price performance. ADA is currently trading at about $0.966, having significantly recovered from an earlier consolidation phase this year, paving the way for potential future gains. Its ability to maintain momentum may be impacted by the challenges associated with this upward trajectory.
Following a recent rebound, ADA has risen above key resistance levels, particularly around $0.70 and $0.50, which currently serve as strong support levels. The significant increase in trading volume supports this breakout, indicating increased market interest.
The 50 EMA, 100 EMA, and 200 EMA are all positioned below the current price in a bullish arrangement, highlighting a sustained bullish outlook. The fact that ADA is able to maintain above the key psychological level of $0.90 indicates strong buyer confidence. With the RSI still at high levels and not yet indicating extreme overbought conditions, there may be further upside potential before a pullback.
WIF
Dogwifhat (WIF) has been launched as the latest canine meme coin on the Solana blockchain. Inspired by the viral Dogwifhat meme, this token brings a fun atmosphere to the cryptocurrency community. Meme coins thrive on humor and social engagement, often stemming from internet jokes or trends in popular culture. WIF joins the dog-themed token category, but its backing popular meme sets it apart from other projects and attracts fans looking for the next big hit in the meme coin world.
Utilizing Solana's fast and efficient network, Dogwifhat outperforms Ethereum-based standard tokens and other meme coins. In a market cycle where memecoins are particularly popular, WIF offers a great opportunity for investors open to memecoins. While it does not promise groundbreaking technology, its appeal lies in community building and rapid growth potential.
CHZ
Chiliz (CHZ) is currently valued at $0.08, having risen 2.70% in the past 24 hours. Its price has increased by 23% over the past year, reflecting steady growth. Its trading price is above its 200-day simple moving average (SMA) of $0.075232. The price is 24.58% higher than this long-term indicator, indicating strong momentum for the token and continuing to support its upward trend.
In the past 30 days, CHZ has had 17 trading days with an upward trend, accounting for about 57% of the trading days in the month. This aligns with the current bullish sentiment. The Fear and Greed Index is currently at 82 (Extreme Greed), indicating increasing market confidence and interest. Additionally, relative to its market capitalization, CHZ has high liquidity. This might attract further attention from traders and investors seeking more active markets.
