At the beginning of the new week, BTC has reached a new high, and concerns about a pullback are mostly psychological. The real market developments will be seen after the US stock market opens in the evening. MSTR has entered the Nasdaq 100, attracting institutional capital, and BTC is riding the waves!
Tonight, ETF performance is the focus, hoping it will boost BTC, market sentiment is high. The highlight of this week is the Federal Reserve's meeting on the 19th, with strong expectations for interest rate cuts, the market may push to new highs, and altcoins should also be noted, with pepe, sol, etc. possibly becoming new favorites.
Powell's speech may spark new speculation, Japan's interest rate hike is unlikely, spot costs need attention, U.S. stock market closed for Christmas, BTC may experience increased volatility, it is advisable to consider reducing positions around the 20th for risk avoidance.
However, Christmas will not affect the overall trend, and the market is expected to continue rising after New Year's Day. With Trump's official inauguration and the new SEC chairman, a new uptrend is definitely on the way; without negative data and news, there shouldn't be any issues! The market may experience short-term fluctuations, but the long-term trend remains unchanged.
In summary, long-term holders need not worry about Christmas fluctuations; those with funds should wait for trading opportunities before and after Christmas!
Buying the following cryptocurrencies in 2024 can yield 100%+ returns!
1: C H R
Chromia is an innovative blockchain platform designed specifically to optimize decentralized applications, aiming to overcome the limitations of existing platforms. Its native token CHR plays multiple key roles.
First, CHR is used to pay for the hosting fees of decentralized applications, incentivizing nodes to participate in maintaining the network. In Chromia's economic system, CHR is regarded as the 'standard currency' and is widely used in various transactions.
Secondly, decentralized applications can charge fees in CHR or use it as a medium to store their custom tokens, ensuring that developers hold shares in the Chromia ecosystem and participate in and benefit from the platform's growth.
In short, CHR is not only the cornerstone of the Chromia platform's operation but also a key force in driving the prosperity of its ecosystem. Currently, it has a 100% circulation rate, and its circulating market value is just over 200 million, which I personally think is still worth entering a small position at this time, anticipating its rise.
2:DOGS
The design inspiration for the DOGS token comes from the Telegram community mascot Spotty, which was personally crafted by TON founder Pavel Durov, deeply reflecting the unique spirit and cultural heritage of the Telegram community.
According to an announcement from the project community, the launch of the DOGS token is far from just for entertainment; all sales revenue will be used to fund orphanages and children's homes, continuing the charitable spirit and tradition embodied by Spotty.
As one of the hottest meme coins this year, its price has significantly shrunk due to various issues, but its foundation still remains, and combined with the meme's backing, it still has great potential. The current price is relatively low, making it a good time to enter a small position for the upcoming bull market peak.
Personally, I think there is still potential for 3-5 times growth.
3:AVAX
The Avalanche protocol is an open-source platform aimed at promoting the birth of highly decentralized applications, the introduction of innovative financial primitives, and the development of new scalable blockchains. It proposes a revolutionary blockchain consensus protocol, which constitutes a major breakthrough and innovation in the field of formal consensus algorithms.
This family of algorithms ingeniously combines the advantages of classic Non-Byzantine consensus algorithms with Nakamoto consensus algorithms (i.e., proof-of-work, POW), achieving a result that is both simple and powerful. This consensus mechanism ensures the decentralized nature of distributed ledgers, high concurrent processing capability, and quick transaction confirmations, while also supporting historical record simplification and on-chain governance.
Avalanche adopts an unprecedented design approach, fundamentally disrupting the communication model among nodes in previous projects. It promotes consensus among all network nodes through continuous random sampling until the results converge.
The recently launched Avalanche 9000 upgrade significantly enhances the usability and scalability of its blockchain, laying a solid foundation for future long-term development. Additionally, there are rumors that JD Vance, the vice premier candidate chosen by former U.S. President Trump, is quite fond of Avalanche and has held the token for quite some time.
This news may inject positive momentum into the future development of Avalanche products and bring more optimistic expectations for Avalanche holders in the United States.
4: A L P H A
The ALPHA token is the native functional token of the Alpha Finance Lab platform. Alpha Finance Lab is a cross-chain decentralized finance platform dedicated to building optimal yield product ecosystems on Binance Smart Chain and Ethereum.
Its first product, AlphaLending, is a decentralized lending platform with algorithmically adjusted interest rates, which has been launched on the Binance Smart Chain test network and is expected to become a key part of DeFi applications on BSC.
Alpha Finance Lab is accelerating the development of other products and is establishing partnerships with many industry-leading players as a promoter of cross-chain DeFi and liquidity.
On March 31, 2022, the platform was renamed 'Alpha Venture DAO', and on June 9, 2023, it was further renamed to Stella.
Its total supply is 1 billion, with a current circulating supply of around 900 million, a circulation rate of over 90%, and a circulating market value of just over 97 million, which is still worth entering a small position and waiting for the right timing.
Disclaimer: The content published in this article aims to share information and spread knowledge, not to provide any specific investment advice. Before making any investment decisions, we strongly recommend conducting independent research and analysis, and making informed decisions based on your personal financial situation, investment goals, and risk tolerance.
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