The entire cryptocurrency space is rapidly evolving towards a favorable outlook for ETH and altcoins, but it has not yet been fully priced in.
The incoming new SEC chairman, Paul Atkins, is a thorough supporter of cryptocurrency. Under his tenure, the ETH ETF with staking will likely be approved, and the SOL ETF will also be approved soon.
Yesterday, the U.S. Treasury also declared Bitcoin to be digital gold. The entire political environment in the U.S., from top to bottom, from retail investors to the top rule-makers, has made cryptocurrency politically correct. This is just the beginning.
There is a crucial layer of logic here for American politicians: supporting cryptocurrency = winning votes. They will attribute part of Trump's success to his support for cryptocurrency. This is American politics.
Under Paul Atkins' tenure, regulatory policies for the cryptocurrency industry will soon be implemented, transparent and certainly favorable to the crypto industry. Think about it, who will benefit the most from this?
For BTC, it is inherently POW, with no legal risks. The implementation of regulatory policies is actually most favorable for Ethereum, SOL, and various altcoins, as everyone understands the boundaries of the rules, what can be done, and what cannot be done. Enterprises similar to Grayscale will become increasingly common.
Old money will gradually enter the market in a safe and orderly environment, significantly raising the overall water level of the cryptocurrency industry.
It has just begun, and looking ahead to the next four years, ETH and BTC are expected to experience a broad upward trend.
Buy the dip on 3 altcoins with a potential tenfold increase!
1.FTM
Fantom is an open-source decentralized platform specifically designed for smart contracts and digital assets, and it continues to make progress in the integration of traditional finance and blockchain technology. Fantom collaborates with leaders in asset tokenization like Backed, and standards in on-chain finance such as Chainlink and Fortlake Asset Management to implement tokenization for Fortlake's Sigma Opportunities Fund.
This development marks a critical step in integrating traditional financial assets into the blockchain ecosystem. Fantom positions itself as an alternative to Ethereum, addressing key limitations of early blockchains by focusing on scalability, security, and decentralization.
Its platform provides tools for simplified integration of decentralized applications (dApps), as well as staking incentives and built-in DeFi features. Fantom's price is $1.35, reflecting a 3.51% increase in the past 24 hours and a 275% increase over the past year.
During this period, the token has outperformed 78% of the top 100 cryptocurrencies as well as Bitcoin and Ethereum. Fantom's price is significantly above its 200-day simple moving average of $0.67, having increased by 101.76%, indicating strong bullish momentum.
Additionally, Fantom's market performance has been very positive, with 18 days of increases in the past 30 days, and trading prices nearing cycle highs. Market sentiment surrounding this token is bullish, with the platform's fear and greed index reading at 75, further supporting optimistic forecasts for its recent potential.
2.AR
Arweave has released update 2.8.3, introducing several improvements to enhance performance, fix issues, and add new features. This update addresses the low disk read efficiency of SATA and SAS system disks. This ensures smoother node operations, especially during peak traffic periods. This optimization is expected to improve the overall efficiency and reliability for users utilizing such disk setups.
Additionally, a new feature has been introduced. The update includes packing difficulty data in the /metrics endpoint, providing operators with more detailed monitoring information. Enhanced node self-check options will also better track performance and troubleshoot.
Arweave's price is $27.93, having increased by 5.74% in the past 24 hours. Market sentiment appears bullish, with the fear and greed index at 75, indicating the level of investor greed.
3.ENA
Ethena (ENA) is currently trading at $1.06, with a daily increase of 3.44%. The token shows strong market activity, with a market cap of $3.11 billion (up 3.50%) and a 24-hour trading volume of $540.26 million (up 38.04%). The fully diluted valuation (FDV) is $15.89 billion, and the total locked value (TVL) is $5.23 billion, indicating a solid position in the crypto space, with a market cap/TVL ratio of 0.5947.
Market sentiment surrounding Ethena appears bullish, with the fear and greed index at 75, indicating a state of 'greed'. Over the past 30 days, the token has had 60% green days, with a price volatility of 21.02%, indicating sustained upward momentum. These indicators suggest that potential buyers are in a favorable period.
By December 2024, Ethena's trading price is predicted to be between $1.07 and $2.90. This means the average price forecast is $1.80, indicating a potential price increase of 70.23% compared to its current value. If the token meets these expectations, investor returns on investment (ROI) could reach approximately 174.20%.
