The recent market activity has been erratic, with sharp rises and declines, causing anxiety about whether a bull market still exists in the crypto space.
This round of market activity is very different; you say there's no bull market? Many coins are rising happily, just like Bitcoin and XRP.
You say there's a bull market, but Ethereum and Polkadot are struggling; many altcoins are even more chaotic, with some surging to new highs while others have been stagnant at the bottom for four years.
Currently, it is evident that Bitcoin is in a bull market; anyone with eyes can see that the price keeps hitting new highs. However, a bull market is when at least 70% of the coins in the crypto market collectively see significant increases, and this trend has clearly not yet appeared. But we cannot be too rigid, as the scale and background of funds in the crypto market are completely different now.
The previous wave of a bull market in the crypto space is just history; what happened in the past does not necessarily mean it will happen again, which truly validates that saying: In a bull market, even fools can make money.
It is clear that this round of market activity is completely different; the coins that are rising are those that retail investors do not favor and are severely undervalued.
If you haven't noticed this by now, it's really time to exit the market early to preserve your capital.
Bitcoin's fourth halving has been over six months ago, and its trend is also moving in a bull market, perfectly mirroring the past.
The only difference is that altcoins have not truly risen alongside Bitcoin; instead, they have fallen closely in line.
Therefore, this year, there are only two core points:
Firstly, choose the right value coins.
Secondly, buy within a suitable and safe range.
Only by meeting these two points can you secure a good return from the complex bull market brought by Bitcoin's fourth halving.
Three altcoins with the potential for a bull market that could yield up to 10 times returns!
1, ENJ
Enjin Coin's unique selling point lies in its comprehensive ecosystem that allows developers to seamlessly integrate blockchain-based assets into their games and applications. By using the ENJ token to support digital assets, it ensures intrinsic value, trust, and liquidity, setting it apart from other gaming platforms.
In traditional gaming ecosystems, in-game assets are often confined to their respective platforms, lacking true ownership and interoperability. ENJ utilizes blockchain technology to address this issue, allowing gamers and developers to create tokenized in-game items that provide true ownership, scarcity, and the ability to trade assets across different games and platforms.
As of the time of writing, ENJ's trading price is approximately $0.2207 per token. The 24-hour trading volume is about $20.88 million, indicating high participation. Notably, ENJ's trading price is far below its historical high of $4.85, suggesting there is room for growth, especially if the gaming and NFT industries continue to expand.
ENJ has demonstrated resilience and adaptability in the evolving crypto market. Recent developments include the launch of 'Blob NFT,' marking a significant update to the ecosystem in November 2024, and the introduction of 'Degens,' ENJ's next generation of NFTs. It continues to innovate in the NFT space, with recent announcements highlighting the launch of new NFT series and ecosystem updates.
2, NOT
Let's focus on Notcoin, a decentralized cryptocurrency that redefines real-world applications by seamlessly integrating blockchain technology into everyday services. From logistics to payment solutions, NOT is expanding its ecosystem through strategic partnerships while providing support to businesses and individuals.
Major platforms have integrated NOT as a payment option, expanding its use case and increasing transaction volume. By launching a carbon offset program, NOT aligns with the growing environmental awareness, attracting businesses and environmentally conscious users.
In the past week, the price of NOT reached $0.006357. In the past 30 days, it has seen 15 green days, indicating continuous positive performance. The focus on real-world utility and strategic partnerships continues to attract attention. This stable momentum makes NOT a promising player in both the cryptocurrency and traditional markets.
NOT combines practicality, scalability, and sustainability, making it an undeniable choice for long-term growth. It has established a strong position in the cryptocurrency space by meeting real-world needs and prioritizing adoption. With a focus on usability, partnerships, and environmentally friendly operations, NOT not only survives but thrives in the highly competitive cryptocurrency market.
3, UNI
Uniswap recently launched Unichain, a Layer 2 solution built on OP Stack infrastructure. The project has been running on Ethereum's Sepolia testnet since October, processing over 50 million transactions with an uptime of over 99%. A scheduled update on January 6, 2025, will enable a new feature called permissionless proof of error to enhance reliability.
Additionally, Unichain will be integrated into the Optimism Superchain, a network designed to enhance blockchain scalability and interoperability. Uniswap Labs actively supports this ecosystem, which may strengthen Uniswap's role in decentralized finance (DeFi). This development could impact the market value of its UNI token.
Moreover, UNI also shows high liquidity. The price is 42.80% above its 200-day simple moving average (SMA) of $9.81, indicating strong momentum. The Fear and Greed Index is at 74, reflecting a tendency toward greed.
At the same time, this token has shown stability, with 17 days of increase in the past 30 days. The Relative Strength Index (RSI) is 35.18, indicating a neutral trend, possibly suggesting sideways trading. The annual inflation rate of UNI is only 0.38%, with a stable supply.
4, XRP
XRP is a cryptocurrency designed for fast and cost-efficient transactions. It operates on the XRP Ledger, a blockchain platform aimed at efficiently processing a large number of transactions. The platform is designed to simplify asset transfers using blockchain technology. XRP is its native digital currency, primarily used as a bridge asset for cross-border and decentralized exchanges.
Recently, Ripple launched RLUSD, a stablecoin integrated into the XRP Ledger ecosystem. Ripple's CTO David Schwartz stated that RLUSD complements XRP by leveraging the growing market for tokenized real-world assets (RWA). While XRP facilitates cross-border transfers, RLUSD focuses on stable transactions, utilizing the ledger's speed and cost advantages. This dual approach is designed to enhance trading activity and expand Ripple's ecosystem.
The token's trading price is above its 200-day simple moving average, demonstrating stability. However, the 14-day Relative Strength Index (RSI) is 41.20, indicating a neutral market condition, suggesting possible sideways fluctuations.
Due to high liquidity and XRP trading above its 200-day simple moving average, the ecosystem shows resilience. The 14-day Relative Strength Index (RSI) for XRP is currently 41.20, indicating a neutral market condition with potential for stable or sideways trading.