December may be the last opportunity to board EHT and altcoins.
Against the backdrop of BTC's volatility and SOL's lackluster performance, blue-chip stocks in the ETH camp, such as UNI, AAVE, MKR, LINK, and CRV, soared together yesterday, becoming the focal sector we have been continuously optimistic about in recent weeks.
BTC.D continues to decline, a phenomenon that has been rare over the past two years, and it is difficult to return to the glorious high point of 61% in November, indicating a trend change.
The rapid rise of ETH in November has attracted many trend-following investors. If the market enters an adjustment and consolidation phase in December, this may be the last opportunity to grasp ETH's upward potential. By January next year, ETH's performance may be astonishing.
Purchasing these cryptocurrencies in 2024 could yield 100 times returns!
1.ENS
Recently, the price of Ethereum Name Service (#ENS) has surged significantly, which may signal an important trend in the market. On January 3, 2024, Ethereum co-founder Vitalik Buterin emphasized the crucial role of ENS for Ethereum users, especially those on Layer 2 (#L2) networks, on the X platform. He advocates for the accelerated integration of ENS functionality within L2 networks to optimize user experience and strengthen Ethereum's scalability.
Given the close connection between ENS and Ethereum, if this upward momentum is maintained, projects that are deeply connected to Ethereum's Layer 2 networks are expected to experience another wave of growth with the expanding L2 ecosystem.
2.Jasmy
JasmyCoin (JASMY) is showing significant upward momentum, a trend clearly reflected in its latest chart movements. Observing from the daily chart, a bullish triangular flag pattern has been broken, indicating that a price rebound may occur in the future. Currently, although the price has experienced some degree of correction, this is a common phenomenon after such breakouts, usually attributed to traders taking profits and natural market adjustments. JASMY is currently trading at $0.031 and remains stable near the support area of $0.02403. The Bollinger Bands indicator shows a reduction in volatility, which may indicate that the market is accumulating strength around this price level.
The next significant resistance level is at $0.035. Once broken, it may lay the foundation for a subsequent upward trend. However, if the price falls below $0.02072, it could trigger a bearish pressure, leading to a further decline to $0.01600.
Recently, the listing of JasmyCoin on the Upbit trading platform has significantly enhanced its market visibility, attracting the attention of a large number of traders. Upbit is known for its high liquidity and user-friendly features, and this listing undoubtedly marks an important milestone in JasmyCoin's development. It is noteworthy that institutional investors' interest in JASMY surged by 180%, involving funds exceeding $225 million, while open interest grew by 4.38%. These figures indicate that investors are increasingly confident in JASMY's growth potential.
Additionally, JasmyCoin stands out for its commitment to giving individuals control over their personal data. Enterprises can benefit from blockchain-based secure data management solutions. This dual focus on personal privacy and data security makes JasmyCoin a leader in privacy-driven technology, meeting the growing urgent demand for secure systems in the Internet of Things (IoT) sector.
3.VET
VeChain (VET), as a pioneering blockchain network in environmental sustainability and asset tokenization, is creating a wave of excitement. Since its inception in 2015, VeChain has been dedicated to using blockchain technology to drive industry innovation. Recently, the price of VeChain has soared by 129.82% in just a few weeks, reigniting the market's attention and enthusiasm for it, which was once seen as a 'veteran' cryptocurrency. This outstanding performance not only demonstrates VeChain's strong resilience in the highly competitive blockchain field but also highlights its increasingly relevant market position.
Market analysts generally hold an optimistic view of VeChain's future prospects. Notable market observer Schofield pointed out that VeChain has successfully broken through a key trend line, indicating a potential increase of up to 20% within the next few days. Currently, the Relative Strength Index (RSI) remains at a high level of 63, further confirming the market's strong bullish trend. At the same time, the Fear and Greed Index stands at 80, indicating extreme optimism among investors, full of confidence.
VeChain's price forecast is equally exciting. The authoritative data platform Coincodex predicts that by March 2025, VET is expected to rise to $0.1, with a potential return of up to 293%. This means if investors invest $1,000 today, it could grow to $2,691 within two years, yielding substantial profits.
In addition to significant changes in price, VeChain's influence in the real world should not be underestimated. The network's collaboration with Renji Hospital has brought disruptive changes to the field of reproductive health through blockchain technology. Meanwhile, VeSwap continues to explore new opportunities within the Web3 ecosystem. VeChain's strategic alliances with multinational giants like Walmart China and BMW further highlight its critical role in enhancing supply chain transparency, especially in the realm of Real World Assets (RWA), showcasing its unique value and influence.
4.XRP
XRP's price has strongly broken through the $2 mark, setting a new high since 2018, and its market capitalization has soared, successfully crossing the $100 billion threshold. This surge may be closely related to Ripple's upcoming stablecoin RLUSD, which is expected to receive regulatory approval by December 4. Ripple is committed to complying with U.S. laws and regulations in the issuance of RLUSD. The launch of the stablecoin is expected to strengthen XRP's position in the financial trading sector, and its broader applications may stimulate greater market demand for XRP, further driving its price upward. Ripple's deep integration with traditional finance may amplify this effect through the stablecoin.
From a technical perspective, XRP shows positive short-term, medium-term, and long-term trends. Moving average data reveals potential strong signals, with the token's current trading price approximately 248% higher than its 200-day simple moving average of $0.69. As of now, XRP is priced at $2.39, with a 24-hour increase of up to 25.57%, approaching the recent high of $2.49. Furthermore, the 24-hour trading volume to market capitalization ratio is 0.3888, indicating high market liquidity.
It is worth mentioning that Ripple has partnered with Archax and abrdn to launch the first tokenized currency market fund on the XRP ledger. Given that tokenized assets are expected to reach $16 trillion by the 2030s, this initiative aims to enhance cost efficiency and optimize settlement processes, bringing new development opportunities to the market.
5.DOGE
Dogecoin (Dogecoin), under the strong endorsement of Elon Musk, is gradually establishing itself as one of the payment currencies. As the first MEME coin, its status in the cryptocurrency realm is comparable to Bitcoin's dominance in the MEME coin world.
If you have not yet ventured into investing in Dogecoin, the current correction phase is undoubtedly a good opportunity to position yourself!
Once Dogecoin successfully crosses the price threshold of $0.5, it means it has entered a new chapter in the 'bull market.' Moreover, Trump's inauguration may add fuel to Dogecoin's fire, helping it steadily move towards the $1 target.
