Good afternoon, brothers! Today, Monday (December 2), Bitcoin fluctuated at the level of $96,000, and the price of the currency has been unable to break through the key threshold of $100,000.
Ripple (XRP) surged more than 20%, with a market value of over $130 billion, becoming the world's third largest cryptocurrency. In the new round of Altcoin Season, Ethereum returned to the top 30 in the global asset market value ranking.
On the altcoin side, some 17-year-old coins like XRP, HBAR, ADA, and EOS have all seen gains of more than 30%.
This shows that Bitcoin's performance has begun to weaken, while Ethereum and other altcoins have begun to gain momentum. This situation is a typical altcoin market. From the current trend, as Ethereum rises, funds are gradually flowing into altcoins on exchanges. The altcoin projects you previously held do not need to change positions easily now, as there is a high probability that there will be a wave of rotation in the future.
The altcoin monthly index has now reached a risk level of 84.
For altcoins like XRP that have already surged wildly, there's no need to chase; actively take profits. Those that haven't rotated yet can continue to hold.
The market share of BTC has fallen below the upward trend line; pay attention to whether ETH/BTC can break through the weekly downward trend line. If it breaks, you can increase your position in ETH and other quality altcoins like AAVE, ARKM, WIF, REZ, PNUT, etc.
The altcoin season has just begun with the 'first wave.'
Despite many altcoins recently, such as CRV, RAY, DOT, XLM, etc., doubling or even increasing exponentially, this is merely a point explosion and not the true 'altcoin season.' The current altcoin season is just the first wave of increases. There will still be declines, and the real altcoin season is expected in May or June next year. Currently, we can say that this is the first wave of altcoins, with the third wave next year being the strongest.
A strict interpretation of the altcoin season requires a comprehensive and systematic market structure change, which is far from being reached at this stage. Only when the market share of BTC (BTC.D) falls below the EMA line, and the moving averages show a clear turn (downward), can we confirm that the 'altcoin season' has truly arrived. Don't be misled by a few candlesticks; manage your risk well, as the big show has yet to begin.
Using double moving averages as an objective reference, it will take some time to reach the peak of the altcoin season. Risk control is essential to survive major market trends. Be patient and wait for the long-term upward channel to break. There is no continuous upward trend, nor a continuous downward trend; just be patient and wait for the channel to break. It's best if the moving averages intertwine and turn downward, and break the weekly ema50 and moving averages downward; it will likely take at least a few more weeks.
These 5 altcoins with potential for 10-100x increases are worth a position!
1.PENDLE
Market cap: $999 million
24-hour trading volume: $158 million; buy Pendle, stop loss at 5.596.
Pendle is a project that combines DeFi and LSDfi trends, dedicated to providing yield generation and trading protocols for staked assets. The tokenomics of Pendle is closely related to the growth trend of LSDfi, especially with Ethereum's upgrades, Pendle will benefit from the expansion of this sector.
Pendle's current TVL (Total Value Locked) has surpassed $6.2 billion, growing over 30 times since last November, with an annual revenue of about $30 million. The project has received investments from many top funds in the market, and its capital raising ability is very strong.
2.FXS
Market cap: $321 million
24-hour trading volume: $52.4153 million
Buy FXS, stop loss at 3.1; FXS has already started a breakout, with a gain of about 10%, moving at a bulldozer pace.
The Frax protocol is the first fractional algorithmic stablecoin system. Frax is open-source, permissionless, and fully on-chain—currently implemented on Ethereum (and may be cross-chain in the future). The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized algorithmic currency to replace fixed-supply digital assets like BTC.
3.OGN
Market cap: $98.7153 million
24-hour trading volume: $29.8048 million
Buy OGN, stop loss at 0.128; OGN is on the edge of a breakout and may surge in about an hour.
The proposal to merge OGN and OGV by Origin Protocol has not only been accepted by the Origin DeFi DAO but also welcomed with open arms, marking the beginning of a new era of integration and growth. By merging OGV into OGN, Origin Protocol will solidify its leading position in the decentralized finance (DeFi) competitive landscape.
4.IOST
Market cap: $204 million
24-hour trading volume: $160 million
Buy IOST, stop loss at 0.008; IOST continues to soar.
The development status of the established public chain IOST: Frequent actions are accelerating its entry into the fast lane.
IOST is an innovative and secure blockchain technology dedicated to providing a highly scalable and high-throughput ecosystem for online virtual services and digital goods exchange.
In addition, the I0ST ecosystem also allows developers to conveniently deploy large decentralized applications on the blockchain to serve massive users. The I0ST network adopts a series of original technologies, including EDS (Efficient Distributed Sharding) technology and Proof-of-Believability consensus approach, greatly enhancing the system's throughput capability while ensuring the system's security and reliability.
5.OMNI
Market cap: $133 million
24-hour trading volume: $92.462 million
Buy Omni, stop loss at 11.8; Omni is breaking out.
Omni is an integrated aggregation layer for Ethereum that allows developers to build unified applications across all Ethereum scaling solutions. It is supported by a novel blockchain architecture that provides sub-second finality and secures itself through re-staking from Ethereum.
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