Market research report:
1. Every time there is a sacrifice in the market, the financial market is a place where the fittest survive, especially in the crypto market exchanges. As long as there is a rumor, it is necessary to withdraw the currency and leave (Matcha has had frequent problems recently). Risk aversion is always needed. The S&P SPX500 and gold have rebounded to the structural position of 0.618, and the cryptocurrency circle has also rebounded by coincidence. Is it really a coincidence? It is nothing more than a decrease in trading volume. Natural fluctuations must be standard.
2. Although the rebound of Bitcoin is getting weaker and weaker, the high point of each segment in the past two days is 0.618. It is Sunday. Pay attention to the closing tomorrow morning. Europe and the United States will continue to celebrate the holiday. We will continue to fluctuate in the range. This time is often the best time for frequent traders. After all, whether you are a long or short soldier, you have a chance. Since Ethereum made the right side expectation last Thursday, we have been stepping on the point to do it. There are 200 points back and forth between long and short. In the same wave, we can see that the BNB CAKE ARB SUI SEI that were previously laid out have all flown away. The proportion I sorted out in October can still be done later, and it is not a one-time deal.
3. BTC has been fluctuating at the high level of the range for a long time. It has been fluctuating at this position for the past month. The view remains unchanged. Above 425 is a strong consolidation (the range position division can be clearly seen), and we can continue to look at the expectation of a new high. However, the 4h structure is becoming clearer and clearer. The key position below is 418, which falls below the M top. If there is an opportunity during the day, do it in the range. If not, continue to fly with a position.
Medium and long term: pressure 4.72 5.2 support 3.75 3.88.
Short term: resistance 4.44 4.1, support 4.33 4.25.
4 Best Low-Market-Cap Cryptocurrencies to Invest in 2024
Osmosis (OSMO): Riding the DeFi Wave with Outstanding Performance
Osmosis (OSMO), a decentralized exchange in the Cosmos ecosystem, has performed well, especially with a surge in trading volume to $60 million per day. The proposed merger with UX Chain aims to strengthen its position in DeFi by integrating lending logic and algorithms. Despite the challenges posed by market volatility, Osmosis seems ready for further growth.
Key Highlights:
Decentralized Exchange in the Cosmos Ecosystem
Trading volume surges to $60 million per day
Proposed merger with UX Chain for DeFi integration
Potential for further growth, but faces challenges from market volatility
Investment prospects:
Osmosis makes a compelling case with its integration plans and strong trading volumes. However, investors should monitor its ability to maintain momentum in the evolving DeFi landscape.
Sei: Reaching new heights of solidarity through social media craze
Sei (SEI) has recently witnessed a notable rise to a new all-time high. The rise is attributed to a surge in social activity, open interest, and a significant increase in market capitalization. Although the future looks promising, investors should remain cautious about potential price corrections due to the rapid growth in social volume and open interest.
Key Highlights:
Prices surge to record highs
Social volume increased by 154%, and open interest increased by 123%
The growing market capitalization places it among the top cryptocurrencies
The future is promising, but there is a possibility of price correction
Investment prospects:
Sei's recent performance and increased market interest make it an interesting pick. However, investors should remain vigilant for signs of overheating and a potential correction.
GALA: Blockchain Game Innovation
Gala (GALA) has made significant progress with its $GALA-powered L1 blockchain, GalaChain. The platform’s participation in major blockchain events demonstrates its commitment to expanding the accessibility of blockchain technology and digital collectibles. While Gala’s future appears bright, it is critical to maintain momentum and stand out in a competitive market.
Key Highlights:
Introducing GalaChain, a L1 blockchain powered by $GALA
Attend BNB Blockchain Week Istanbul
Have a strong market presence in the blockchain gaming and digital collectibles sectors
Investment prospects:
Gala's commitment to innovation and market expansion makes it a noteworthy low-market cap cryptocurrency. Investors should focus on Gala's ability to stand out in the competitive landscape.
APT
Aptos is a new layer-1 blockchain focused on speed, scalability, and usability. It was founded by former Meta engineers who worked on Diem, Meta’s canceled crypto project.
"Aptos has an all-star team of Stan Stanley, Meta, and Google engineers behind it. They've raised $350 million from a16z, a well-known venture capital firm. The potential is there," Arnold said.
Aptos has a great chance to become the operating system for Web3. The network promises speed and scalability advantages over chains like Ethereum. Key features that give Aptos long-term upside potential:
Can process 10,000 transactions per second through parallel execution — much faster than Ethereum
Creating a consumer-facing dApp ecosystem through Aptos tokens and smart contracts
Interoperability focuses on connecting traditional systems with blockchain
The intuitive Aptos wallet and developer ecosystem make it easier to build consumer-grade dApps. As major cryptocurrency exchanges are already integrated, this gives Aptos an advantage in terms of usability today.
“Watch this in 2024. Once applications start rolling out, it will likely compete with Solana and Avalanche,
