Cherish the days when Bitcoin is consolidating while altcoins are plunging; during this phase, choose the right value coins to welcome next year's surge!
Brothers, are you feeling uncomfortable seeing Bitcoin not dropping much while altcoins plunge? I saw everyone cursing altcoins this morning! Don't panic, brothers; hold onto value coins tightly, and bravely search for value coins during each drop, then hold them firmly without being shaken off!
Remember that every drop now is for a better rise in the future; choosing the right assets is more important than anything! With the rise of the great leader, Bitcoin is recognized by the world, and next year is truly the year of Crypto. What awaits next year? - Compliance concepts + Trump's new policies + Legal victories + Market sentiment + Expansion of technological applications + Involvement of large funds;
As Eric Balchunas and James Seyffart analyze, next year will see the 'wave of cryptocurrency ETFs';
Additionally, no matter how new concepts are created in this round, whether it’s Depin or Ai, the ultimate focus is still on trading and decentralized finance. A hyper-creation of such miracles is not coincidental; current Web3 and blockchain applications still primarily revolve around DeFi, so the policies of the great leader are most favorable for the liberation of DeFi and the mainstream acceptance of Bitcoin.
Buy the dip on 3 altcoins that could rise 10 times in the future! 1. CRO
Cronos has launched a significant upgrade that enhances its blockchain network, allowing it to process up to 60,000 transactions per second. This leap makes it one of the fastest decentralized networks currently available. The enhancement aims to increase transaction speed by up to 600 times, making Cronos EVM more capable of supporting complex applications such as DeFi, web3 gaming, and AI-driven experiences.
After this upgrade, the token's value has significantly increased, currently trading at $0.186, with a rise of 11.48%. Market sentiment around Cronos is bullish, with a fear and greed index of 87, indicating extreme greed. The token's trading price is well above its 200-day simple moving average by 106.07%, suggesting strong market confidence.
Recent trading data shows that Cronos has performed well on trading days, with 16 out of the past 30 days showing an upward trend, indicating a sustained upward movement. Its liquidity remains at a high level, supporting its market position.
However, the 14-day relative strength index (RSI) is 48.53, indicating a neutral market stance, which may suggest future sideways consolidation. This could mean that as the market digests recent gains and the impact of technical upgrades, investors may see reduced volatility in the short term.
2. AAVE
Aave DAO has approved a joint incentive program to promote the adoption of PYUSD on Aave and enhance the liquidity of PYUSD/GHO. This will be achieved through a newly created Balancer pool on Ethereum. The plan aims to increase the amount of PYUSD deposited in the Aave protocol, targeting a total deposit of 75 million units.
Aave ranks 28th in the cryptocurrency market, recently showing strong momentum. As of this writing, AAVE's trading price is $371.18, up 29.71% in the past 7 days. The token's market capitalization is $5.57 billion, with a 24-hour trading volume of $1.28 billion.
Additionally, Aave's total locked value (TVL) is $22.29 billion, with a market cap to TVL ratio of 0.2501. From a technical perspective, AAVE's trading price is significantly above its 200-day simple moving average (SMA), currently at $160.37, with an increase of 131.61%.
The 14-day relative strength index (RSI) is 65.44, indicating a neutral outlook with potential sideways fluctuations. Furthermore, Aave has experienced 19 up days in the past 30 days, accounting for 63% of that period. Relative to its market capitalization, it continues to exhibit high liquidity.
Market sentiment remains optimistic, and Aave's price prediction outlook is bullish. Meanwhile, the fear and greed index shows 87, reflecting extreme greed among market participants.
3. XLM
Stellar (XLM) has risen 11.19% in the past 24 hours, currently trading at $0.4553, garnering attention once again. This increase follows a significant technical breakthrough, indicating the potential for a continued upward trend.
It is worth mentioning that the Real World Assets (RWA) Foundation announced on X that the Stellar Network has joined its DAO as a founding member. The RWA Foundation aims to establish standards and best practices to promote the adoption of asset tokenization. The initiative targets crypto participants engaged in tokenizing real-world assets and issuers seeking blockchain-based solutions.
Stellar plays a key role in advancing decentralized finance (DeFi) applications and promoting asset tokenization. Its mission is to expand access to global financial markets, making opportunities more inclusive and unrestricted by geography.
The latest data for the third quarter of 2024 highlights the progress of Stellar, with the tokenization of real-world assets exceeding $590.4 million and trading volume surpassing $3 billion. Furthermore, the network now has approximately 9 million addresses, reflecting increased investor activity and asset onboarding.
From a technical perspective, Stellar's trading price is 140.38% higher than its 200-day simple moving average (SMA) of $0.190239. Over the past 30 days, Stellar has shown an upward trend for 16 days, indicating positive momentum. The 14-day relative strength index (RSI) is 45.96, suggesting a neutral state and potential for sideways trading.
