At the beginning of each month, the cryptocurrency market often experiences a pullback. Currently, Bitcoin is testing the key support level of 95k. If this support can be maintained, the price may continue to hit six figures; if it fails to hold, it may further drop to the 90k mark to find a new support point. So, will the market continue the previous pattern of pulling back and then rising in December, or will it usher in a thorough cleansing and trigger a big fluctuation?
Bitcoin’s short-term outlook
Judging from the current market structure, Bitcoin's market capitalization still has some room to fall, which may bring a wave of opportunities for altcoins to catch up. Usually, a decline in market capitalization often means that funds flow to other encrypted assets, especially altcoins with lower market capitalization, providing investors with more potential profit opportunities.
In addition, important economic data for December is being released successively, including ADP employment data, non-farm payroll data, CPI, and interest rate decisions. These factors may have a significant impact on market sentiment. Meanwhile, Microsoft's decision on whether to include Bitcoin in its corporate reserves will be revealed this month. If the decision goes through, it may bring more buying power to the market while also potentially exacerbating market volatility.
BTC pullback, altcoins surge, three potential tokens worth watching?
ONDO
ONDO is a leader in the tokenized financial sector supported by BlackRock, with its core narrative focusing on integrating traditional finance (TradFi) into on-chain finance (DeFi), achieving deep integration through innovation. This vision allows ONDO to attract liquidity from traditional finance into the blockchain space while using cryptocurrencies as collateral for investments in traditional financial markets.
ONDO is building the next generation of financial infrastructure aimed at improving market efficiency, transparency, and accessibility. This innovative model not only enhances the interaction between cryptocurrencies and traditional finance but also provides a foundation for promoting the sustainable development of the on-chain financial ecosystem.
It is worth noting that ONDO shares the same Wall Street market maker as Sol Tia and is strongly supported by BlackRock, which provides significant confidence backing for its position and development in the market.
APT
Aptos is a highly regarded emerging blockchain project dedicated to solving the high transaction fees and network congestion problems faced by traditional blockchain platforms (like Ethereum). By adopting an innovative Proof of Stake (PoS) consensus mechanism, Aptos offers solutions with high scalability and security to meet the demands of future blockchain applications.
The project was created by the core development team of Meta's predecessor DiEM project, utilizing the Move programming language to provide developers with powerful smart contract capabilities. This technological choice gives Aptos significant advantages in performance and development experience.
Due to its breakthroughs in scalability and efficiency, Aptos is referred to as the 'Solana Killer' by outsiders, aiming to overcome the limitations of existing blockchain platforms. This vision has attracted the attention of many Web3 application developers and investors, making it a new focal point in the blockchain space.
PENDLE
Pendle has recently been active, and the promotion of the V3 launch is proceeding in an orderly manner, adding momentum to its ecological development. In a bull market, strong application-oriented DeFi platforms act like 'printing machines', and Pendle's TVL (Total Value Locked) and protocol revenue continue to grow, demonstrating a strong market adaptability.
The launch of version V3 will continue to closely follow the narrative of RWA (Real World Assets), a strategy that aligns well with the current trends of regulatory openness and market demand for real assets on-chain. Meanwhile, driven by CZ's emphasis on application value, projects like Pendle that have real use cases and stable development clearly have greater potential.
The Pendle team has consistently maintained excellent performance, with satisfactory results in both technical iteration and community operations over the past year. Its token price shows a stable upward trend, reflecting market recognition of its value. With the advancement of V3 and related narratives, Pendle may experience greater attention and development space in the future.
