The U.S. stock market on Christmas Eve seemed to be cast a spell, and it soared right after the opening. Our Big Pie was not to be outdone, and it soared directly from US$94,000 to US$99,000 in one leap, a full 6 points increase!
Air Force brothers, this time we have fallen flat on our faces! Are foreign friends busy stocking up on "New Year's goods" before the Chinese New Year, or do they not accept gifts during the Chinese New Year and just identify BTC as "digital gold"? Anyway, this wave of Bitcoin is really comforting. How will the market go during the Christmas days? Come on, let's talk about your opinions! This article is just a personal review, not an investment advice! Just take a look at it for fun. Speaking of Bitcoin, I think it may fluctuate between $94,000 and $100,000. Although the market sentiment is still a little nervous, the panic has faded a lot. If you want to break the current deadlock, you need a large volume of real money and silver! As for BNB, it is steady in the range of $670 to $710, and it will rebound fiercely! In the latest BIO lock-up activity, the Golden Shovel has shown its strength again, with 6 consecutive airdrops, which have directly attracted those friends who are scared by the altcoins and those who are not too interested in the rebound of BTC and ETH to the embrace of BNB. In the short term, BNB has become a safe haven for many people! Looking at Ethereum $ETH, the big brother of altcoins, it is also majestic, leading a group of younger brothers to charge forward, and the entire market seems to be recovering. As for me, it will hover between 3,200 and 3,700 US dollars, and its trend will be more stable than that of Bitcoin. I heard that institutional ETFs made large purchases last night. It seems that institutional bosses are still optimistic about the future of Ethereum!
Turning back to today's daily $BTC market analysis, from the K-line perspective, the 1-hour level is about to decline or adjust, the 4-hour level is on the rise, the 12-hour level is rising, and the daily level is about to enter a downward trend, with an intraday resistance level of 10,700 and a support level of 95,600 dollars.
Invest in these three hundredfold coins, and you'll be rich by the New Year!
1. Shiba Inu (SHIB)
Shiba Inu (SHIB) initially started as a fun homage to Dogecoin, but has now evolved into something more. SHIB was launched in August 2020 by an anonymous creator named Ryoshi and runs on the Ethereum blockchain. This allows it to tap into Ethereum's vast ecosystem. SHIB started with a massive supply of 1 trillion tokens. To build trust, half was sent to Ethereum co-founder Vitalik Buterin. He donated a large portion to the India Covid crypto relief fund and burned 40% of the total supply, reducing the number of SHIB tokens in circulation. These actions have enhanced SHIB's image within the cryptocurrency community.
Unlike Dogecoin, SHIB's position on Ethereum means it can do more things. It launched ShibaSwap, a decentralized exchange where users can trade tokens. SHIB plans to launch an NFT platform and a system that allows holders to help make decisions. This indicates that SHIB's potential extends beyond being just a meme coin. In today's market, investors are looking for tokens with real value. SHIB's developments may make it attractive. While many meme coins come and go, SHIB is building sustainable tools and a community.
2. NEAR
The NEAR protocol ranks third on our list due to its reputation as a leading layer one blockchain, addressing some of the most persistent challenges in the crypto space. As a community-operated cloud computing platform, NEAR has successfully carved out a unique niche, providing an ideal environment for DApps. It offers users benefits such as human-readable account names and innovative consensus mechanisms like Doomslug, making it a user-friendly and scalable choice for investors.
The NEAR ecosystem has over 40 million monthly active accounts and 8 million daily transactions, and its ecosystem continues to grow rapidly, with recent developments driving significant price increases. The protocol recently set a historical high among locally issued stablecoins, proving its growing influence in the market. In just the past 24 hours, NEAR has risen by 7.88%, reflecting strong sentiment and optimism from investors.
Despite this upward momentum, it is important to recognize the broader context. NEAR has experienced some setbacks in the past month, dropping by 13.2%. Nevertheless, the current RSI for the token is 38.53, indicating that it is in a neutral position with room for maneuver based on market conditions. However, given its growth of 43% over the past year, NEAR remains a favorite for investors looking to invest in blockchain technology with both short-term gains and long-term potential.
For those investors interested in high-growth opportunities, NEAR's performance indicates it may be worth watching. With an impressive 30-day volatility of 11% and recent RSI readings, NEAR holds promise for new and experienced investors alike, looking for stable assets that may yield returns.
3. Cardano (ADA)
Cardano is making waves in the cryptocurrency world with its native currency ADA. Cardano aims to be flexible, sustainable, and scalable, providing a platform for smart contracts. This enables developers to build decentralized finance applications, create new cryptocurrency tokens, and develop games. Similar to Ethereum's ETH, ADA can be used to store value, make payments, and earn rewards by staking on the Cardano network.
What sets Cardano apart is its environmentally friendly approach. It uses the Ouroboros proof-of-stake system, which is more energy-efficient than the traditional proof-of-work model used by Bitcoin. This is better for the planet. Additionally, Cardano's blockchain is divided into two layers: one for transactions and one for smart contracts. This design enhances its capacity for processing transactions quickly—potentially up to one million transactions per second. Since the introduction of native tokens in March 2021, Cardano has achieved secure and low-cost interactions with smart contracts. In a market where sustainability and scalability are highly valued, ADA offers an attractive option. Given Ethereum's challenges of high fees and scaling, Cardano's innovative approach may give it an advantage.
