Recent key factors supporting the surge in Bitcoin prices, in addition to widespread rumors that U.S. presidential candidate Donald Trump will establish a 'Federal Bitcoin Reserve', include public companies like Riot Platforms and MicroStrategy investing billions of dollars in Bitcoin.
At the same time, the market is optimistic about the direction of U.S. cryptocurrency policy, further driving a substantial influx of funds into Bitcoin spot ETFs, boosting Bitcoin prices.
Augustine Fan, head of research at SOFA Insights, pointed out: 'The inflow of traditional financial capital has become a key force dominating Bitcoin prices and market sentiment, which is distinctly different from previous cryptocurrency bull markets.'
As more traditional financial institutions incorporate digital assets into their portfolios, this trend will only continue to expand, becoming a new driving force in the market.
1. ONDO
Ondo Finance is seen as a pioneer in the tokenization field supported by BlackRock, with its primary goal being to combine traditional finance with on-chain finance.
This new approach not only allows Ondo to bring traditional market capital onto the blockchain but also enables it to leverage cryptocurrencies as collateral to participate in traditional financial investments.
Ondo is building a new generation of financial infrastructure aimed at improving market efficiency, increasing transparency, and making financial services accessible to more people.
These efforts have made Ondo an important bridge between traditional finance and blockchain finance.
Additionally, Ondo and Sol Tia are both supported by the same top Wall Street market maker, with their team and technological strength highly recognized. Coupled with BlackRock's strategic investment, Ondo's leadership position in the tokenization and on-chain finance space is further solidified.
2. WIF
Dogwifhat (abbreviated as WIF) is based on the Solana network and is characterized by its fast transaction speed and user-friendly experience, allowing it to stand out among many meme coins troubled by slow transactions or high costs.
WIF has performed strongly recently, with the current price at $2.540, having increased by 1.7% in the past 24 hours. Although there has been some pullback in recent weeks, WIF's return this year has reached 4030%, showing that its long-term growth potential remains substantial.
Considering its market potential, the price of WIF may rise to $5 in the future, making it worth noting for long-term investors.
3. DYDX
dYdX is a decentralized trading platform that has performed steadily recently.
Its current price is $1.88, with a market capitalization of approximately $1.16 billion and a 24-hour trading volume of $23.17 million, holding a 0.03% share in the market.
The price of DYDX is 39.57% higher than its average over the past 200 days, indicating an upward trend.
In the past 30 days, there have been price increases on 19 days, indicating an active market. Although the RSI (Relative Strength Index) is currently at 47.84, indicating a neutral market sentiment, DYDX's volatility and liquidity remain at moderate levels.
It is expected that by the end of the year, its price may fluctuate between $2.09 and $3.67, so it is still worth paying attention to.
