Although Bitcoin currently dominates the market, many people have once again lost confidence in altcoins, I am very optimistic about the future:
This is just the beginning! There are several positive waves from December to March that will drive the rise. Don't be influenced by those bears, who are always predicting declines to $80k or $70k, or a black swan super crash. If you're this bearish in a bull market, I advise you to exit early and stop playing.
The altcoin has seen some minor adjustments over the past few days, but after these adjustments, it will continue to rebound. In this situation, it is not advisable to chase high-priced coins, but rather to look at strong coins that have adjusted for a month or have experienced a significant drop; the opportunities are substantial.
Investment, as always, is about finding what makes you comfortable, finding the right price point, and having sufficient cost-performance ratio and belief; this is the most suitable method for ordinary people.
Over the weekend, Bitcoin set a new all-time high, reigniting optimism for a broader market rebound, although most altcoins did not follow suit. However, the hottest altcoins today have seen significant price increases over the past 24 hours.
According to CoinGecko, Hyperliquid (HYPE), Ondo (ONDO), and Virtuals Protocol (VIRTUAL). This analysis reveals the factors behind the rise and the short-term expectations for these altcoins in the cryptocurrency market.
Super Liquidity (HYPE)
HYPE's position among well-known trend altcoins may not be surprising. Since the token's launch, it has appeared on this list multiple times. Today, it is trending again as its value continues to exceed bearish expectations.
In the past 24 hours, the price of HYPE has risen by 13.70%. This price increase has boosted its total performance since launch to 735%. Due to this performance, Hyperliquid's market capitalization is approaching the $10 billion mark.
Regarding this development, some cryptocurrency analysts predict that the prices and market capitalizations of altcoins may rise. Ansem is one of those holding this view. On Sunday, December 15, this analyst posted on X that cryptocurrencies could become among the top five tokens by market capitalization next year.
“By 2025, the top 5 tokens—Hyperliquid (which is actually a very good article, and if you haven't researched why everyone is talking about HYPE, this article explains it very clearly and concisely),” Ansem stated.
Although HYPE's performance differs from analysts' predictions, it is worth noting that the price may undergo adjustments.
As shown above, the trading price is $26.60. If selling pressure increases, it could break below $20. On the other hand, if it continues to rise, it could approach the $50 mark in the medium to long term.
Ondo (ONDO)
Ondo is another altcoin that has seen double-digit growth in the past 24 hours. During this period, the value of the altcoin increased by 12%, and it has become a trend due to this performance.
The increase in ONDO's price may be related to significant whale accumulation last week. As a result, the token has broken through the $2 mark. From a technical perspective, the ONDO/USD candlestick chart shows the Ichimoku Cloud below the price.
The Ichimoku Cloud is a technical indicator that identifies resistance and support. When the cloud is above the price, it represents significant resistance. Conversely, when below, it indicates strong support for the token.
If it remains unchanged, ONDO's value could rise to $2.50. However, if cryptocurrency whales reduce their investment in altcoins, this situation could change. In that case, the token might slide to $1.62.
Virtual Protocol (VIRTUAL)
Interestingly, like ONDO, VIRTUAL was one of the altcoins that saw significant whale purchases last week. This surge in interest led to a 22% increase in its price over the past 24 hours, making it one of the hottest altcoins.
On the daily chart, the price of the altcoin has risen above the bullish 20-period and 50-period exponential moving averages (EMA). If it stays above these indicators, the token could rise to $3.30.
However, if the price falls below the moving average, this could invalidate the scenario. In that case, the altcoin could drop to $2.15.