In the new year, we need to know how to make money in the upcoming market:
1: Mindset, be indifferent to BTC's fluctuations, as BTC has become a lever for capital. Many times, BTC's rise and fall do not have a significant impact on altcoins. Additionally, do not start doubting whether the bull market is still on or if a bear market is coming at the first sign of drastic BTC fluctuations. Asking such questions everywhere is meaningless because, purely from the altcoin season index, including various favorable factors for the future before they take effect, and with large amounts of capital escaping, these short-term fluctuations are merely trading actions in the bull market.
2: Expectations, you must know what your expectation is for each spot trade, such as 50% or doubling, or even 5x. After setting these goals, look at whether the characteristics of this altcoin are worth betting on for higher returns. If it's not a new coin, consider the market cap, subsequent unlocks, and whether there are trigger points in this altcoin's roadmap that could lead to market performance. Don't just look at the candlestick chart; that alone is not sufficient to justify trading this spot.
Trigger points: 1: Future favorable factors. 2: Celebrity/institution holdings. 3: Sector funding heat is relatively high.
3: Position, this has always been a long-discussed topic. When the market is good, if everyone is making profits, you must take out your principal. In a sluggish market, only allow yourself to enter a bottom position at trigger points, rather than going all in on a single point, unless there is definitive good news. In a good market, do not waste your bullets chasing highs; be steady and cautious, manage stop losses well, and timely execute stop losses—your losses will be minimal, and the next opportunity may allow you to recover and double your investment.
Bottom fishing for 3 altcoins with a future value increase of 100 times! 1. STX
Stacks is trading at $1.57617, with a 24-hour trading volume of $344.38 million. Its market capitalization is $2.37 billion, accounting for 0.07%. In the past 24 hours, the price has increased by 5.91%. Compared to last year, it has grown by 6%.
The trading volume to market cap ratio is 0.1454, suggesting moderate liquidity relative to its size. A lower ratio typically indicates more stable market activity. Currently, Stacks is traded on major platforms like Binance. The 14-day Relative Strength Index (RSI) is 35.26.
This indicates a neutral position, meaning that the price will not significantly rise or fall in the short term. The price volatility over the past 30 days is 19%, below the typical threshold of high volatility of 30%. Predictions indicate that the price will rise by 4.44%, potentially reaching $1.611177 by 2025.
2. LDO
Lido DAO has launched the Lido Ethereum SDK, which is a TypeScript library designed to simplify the process of adding Lido's staking functionality to off-chain applications such as wallets and widgets. This toolkit is intended to streamline integration with Lido on the Ethereum protocol by providing tools, pre-built methods, and detailed documentation.
The current price of Lido DAO Token (LDO) is $1.86, up 2.90% over the past week. Its market capitalization is $1.66 billion, down 2.91%. However, the trading volume in the past 24 hours increased by 9.02%, reaching $181.77 million, indicating increased trading activity.
The trading price of this token is 15.95% higher than its 200-day simple moving average (SMA) of $1.60, indicating strong long-term upward momentum. Over the past 30 trading days, the token has shown an increase on 17 trading days, accounting for 57%, indicating stable performance.
The Fear and Greed Index is currently at 64 (Greed), reflecting moderate market optimism. The 14-day Relative Strength Index (RSI) for LDO is 39.82, indicating a neutral state and potential sideways movement.
At the same time, this token has high liquidity relative to its market cap and is traded on platforms like Binance. Its annual inflation rate is 0.24%, indicating minimal supply changes. Price predictions suggest that by January 2025, LDO could reach $5.98, representing a potential increase of 224.80%.
3. FIL
Filecoin (FIL) is currently priced at $5.07, up 5.54% in the past day. Market sentiment for Filecoin is bearish, indicating cautious investor attitudes. Nevertheless, the Fear and Greed Index is at 64, indicating 'Greed.'
The trading price of this cryptocurrency is above its 200-day simple moving average (SMA), a key indicator of long-term price trends. Specifically, Filecoin is 3.37% higher than its 200-day SMA of $4.91. High liquidity is another noteworthy aspect, with a trading volume to market cap ratio of 0.1351.
This reflects active trading activity and the convenience of buying and selling FIL. The current market capitalization is $3.11 billion, with a 24-hour trading volume of $420.43 million.
Moreover, the 14-day Relative Strength Index (RSI) is 49.80. This indicates a neutral state, suggesting that prices may move sideways without significant upward or downward momentum. Analysts predict that Filecoin may rise by 7.38%, reaching $5.32 by January 2025.
Filecoin's technical indicators show mixed signals. Trading above the SMA suggests potential strength, while the RSI indicates stability rather than a trend reversal. The market's 'Greed' sentiment may reflect optimism, but the bearish outlook warns of caution.
