During bull markets, mainstream digital currencies like Bitcoin often experience sharp price drops, just like the rapid drop in Bitcoin today. Facing the current market trend, when such sharp declines occur, we should bravely seize the opportunity and not hesitate. This rapid drop in Bitcoin is mainly to clear high leveraged positions in the market, reportedly leading to over $400 million in liquidations, with all high leverage above 10 times being cleared. Meanwhile, the fluctuations of other non-mainstream digital currencies (commonly known as 'altcoins') are relatively small, mainly because most investors are cautious towards altcoins and are not eager to chase the rise (FOMO, or 'fear of missing out'), thus lacking strong de-leveraging demand.
It is noteworthy that each sharp decline in mainstream coins like Bitcoin often presents an opportunity for relative value recovery in digital currencies like Ethereum. After each such sharp decline, altcoins often enter a new upward phase. Whether it's the previous turmoil in the South Korean market or today's rapid drop in Bitcoin, the actual impact on altcoins has been relatively small, which is completely different from their performance during bear markets. This further validates my long-held view: during bull markets, we should firmly hold onto altcoins rather than frequently buy and sell. This is the basic strategy that my followers and I have formulated at this stage: stay calm and avoid excessive trading, as frequent trading often does not yield significant returns.
Buying these cryptocurrencies in 2024 could yield 100 times the return!
1.RENDER
Recently, the price of Render Token (RNDR) has shown a remarkable strength, directly reflecting the market's optimistic attitude towards it. Currently, RNDR's trading price is fixed at $10.13, and it has achieved a significant growth of 14.45% in the past 24 hours. The trading volume during this period has also surged to approximately $4.96 billion, with an astonishing increase rate of 321.24%. Its market value has now risen to $5.24 billion, while the fully diluted valuation (FDV) has reached $6.52 billion.
Looking back over the past year, RNDR's price performance has been particularly impressive, achieving a 161% increase, surpassing 62% of the top 100 crypto assets. Notably, during this period, RNDR outperformed both Bitcoin and Ethereum, the two giants. Additionally, RNDR's trading price is now 59.39% above its 200-day simple moving average (SMA), which is currently valued at $6.33. This positive signal undoubtedly indicates that RNDR will continue to maintain its upward trend.
From the perspective of market behavior, the current fear and greed index has reached 84 (extreme greed), which fully reflects the high optimism among investors. Additionally, RNDR has recorded price increases on 20 out of the past 30 days, meaning its daily increase rate is as high as 67%. In summary, RNDR has not only successfully maintained its upward trajectory but has also outperformed major cryptocurrencies, showcasing its strong market resilience and potential.
2.WLD
Worldcoin (WLD) currently trades at $4.1, achieving a 6.69% increase in the last 24 hours. Its market cap has grown by 7.61% to $2.59 billion, while the 24-hour trading volume has reached $1.26 billion, which accounts for approximately 48.47% of its market cap, demonstrating high market activity. Furthermore, WLD's fully diluted valuation (FDV) is estimated to be $35.27 billion, indicating its significant potential for future growth.
In terms of market sentiment, WLD remains optimistic, with a fear and greed index of 84, indicating extreme greed in the market. From a long-term performance perspective, WLD's price has increased by 45% over the past year, demonstrating a robust growth trend. In the past 30 days, WLD has closed higher than it opened on 18 days, meaning it achieved a daily increase in 60% of the days, further boosting investor confidence.
Worldcoin's market capitalization has high liquidity, providing investors with convenient channels to enter and exit the market. According to forecasts for December 2024, the price of WLD may fluctuate between $3.39 and $9.83, with an average expected price of $6.00. Given its strong liquidity and favorable technical trends, Worldcoin is undoubtedly an attractive option in the eyes of investors.
3.LDO
Lido DAO (LDO) has recently shone in the trading market. Currently, LDO's trading price is fixed at $2.24, achieving a significant growth of 7.67% in the past 24 hours. Its market cap has also risen to $2.01 billion, with an increase of 7.78%. At the same time, LDO's fully diluted valuation (FDV) is estimated at $2.24 billion, indicating its potential growth space.
In terms of liquidity, LDO performs excellently. Its 24-hour trading volume has reached $426.53 million, accounting for 21.22% of its market cap, indicating high market participation and rapid capital turnover. Regarding market sentiment, LDO also shows a bullish trend. The fear and greed index is at 84, reflecting extreme greed in the market, further supporting LDO's upward momentum.
From a technical indicator perspective, LDO's price is already above its 200-day simple moving average, which is typically seen as an important reference for assessing long-term trends. Additionally, in the past month, LDO has closed higher than it opened on 19 trading days, meaning it achieved price increases in 63% of the days, further proving its strong market performance. In summary, Lido DAO (LDO) has become the focus of investor attention due to its outstanding market performance, high liquidity, and positive market sentiment.
4.SSV
The SSV project is highly regarded in the Ethereum ecosystem, particularly demonstrating outstanding performance in the Ethereum staking field, gradually becoming a hot topic of market discussion. As investors' demand for staking ETH for returns continues to grow, SSV is facing a surge in demand. The project showcases strong long-term growth potential with its advanced technology and innovative concepts, becoming a preferred choice among many investors.
5.UNI
Uniswap stands out in the decentralized exchange (DEX) field, with its UNI token playing a crucial role in the decentralized finance (DeFi) ecosystem. As the DeFi market continues to expand, Uniswap's trading volume and liquidity are expected to further increase, providing upward momentum for the value of UNI tokens. Given Uniswap's core position in the DeFi space, UNI is undoubtedly a highly valuable non-mainstream digital currency (altcoin) for investment.
If you do not know how to filter strong coins, I suggest you follow me. Whether it's spot trading or margin trading, a slight move could be your limit; opportunities are short, so you must seize them! Success does not rely on luck; choice is greater than effort, and the circle determines fate. In the crypto circle, besides having a keen eye for opportunities, you also need to keep up with a good team and a good guide. By following me, you have already succeeded halfway in the crypto circle.
Lastly, there are many things that have not been written down, such as specific opportunities, specific decisions, and early positioning strategies. These things are often not something that one article can summarize. Follow me, and I will share more bull market strategies and cutting-edge information in the crypto circle for free.