December will be the last opportunity for EHT and altcoins to board:
1. BTC is fluctuating, SOL is cooling off, while yesterday the ETH-related blue chips UNI, AAVE, MKR, LINK, CRV experienced a collective surge. The ETH sector has been a key focus in recent weeks.
2. BTC's downward trend continues, something that hasn't happened in over two years. It can no longer return to November's peak of 61%, indicating a trend change.
3. The surge of ETH in November attracted a lot of follow-up trading. If it consolidates in December, this will be the last opportunity to board. It will shock you in January next year.
Ambush these 3 altcoins expected to increase by 100 times or more in the future!
1. POL (MATIC)
Leading Ethereum scaling and infrastructure platform Polygon has established a strategic partnership with the Global Stablecoin Payment Network (WSPN). WSPN is a global organization focused on distributed ledger technology (DLT) and dedicated to improving payment systems.
This collaboration aims to increase the adoption rate of WSPN's main stablecoin WUSD. This fiat-backed currency is pegged to the US dollar at a 1:1 ratio. By integrating with Polygon, WUSD can benefit from enhanced scalability and accessibility within the blockchain ecosystem.
Polygon's metrics reflect its strong market position. The token MATIC is trading at $0.6858. It shows a positive trend, including trading above its 200-day simple moving average, and has recorded 17 'green days' (closing price higher than opening price) in the past 30 days, indicating bullish sentiment. Additionally, the fear and greed index reflects an 'extreme greed' of 80, emphasizing high market confidence.
2. ARB
The Arbitrum Foundation has launched the Trailblazer AI Grant Program, a $1 million initiative aimed at promoting AI innovation on its Ethereum Layer 2 scaling network. Announced on November 27, the program provides $10,000 in funding to teams developing real-time AI agents integrated with the Arbitrum ecosystem.
The foundation hopes this program can accelerate the adoption of artificial intelligence and strengthen Arbitrum's position in the blockchain and AI fields. It aims to bring diverse applications to the network by encouraging synergy between AI and blockchain technology.
The Arbitrum ecosystem continues to attract attention, with ARB token trading at $1.04, outperforming its 200-day simple moving average. It has been in a 'green' state 60% of the time over the past 30 days, reflecting strong liquidity and a positive outlook, indicating growing interest in the platform's products.
3. UNI
Uniswap set a new milestone in November, with transaction volume for Ethereum's leading Layer 2 scaling solution reaching $38 billion. This figure reported by Dune Analytics surpasses the previous high of $34 billion set in March. This growth reflects a recovery in platform activity.
The project recently launched a $15.5 million bug bounty program to enhance the security of its core contracts. The program aims to build trust in decentralized finance (DeFi) by proactively addressing vulnerabilities.
Another development is that Uniswap Labs has launched a feature allowing users to transfer assets between nine blockchain networks directly from its interface and wallet. This feature eliminates the need for third-party tools, providing faster and safer cross-chain transfers. It aligns with Uniswap's vision of seamless asset exchange across multiple chains.
As of the time of writing, Uniswap's token price is $14.1, significantly above its 200-day simple moving average (SMA) of $8.18, with a profit margin of 59.22%. Its 24-hour trading volume to market cap ratio is 0.1367, reflecting its liquidity. Meanwhile, sentiment around UNI remains bullish.