Last week, the FUD information from the Federal Reserve, combined with the holiday effect, drained liquidity, leading to a collective decline. After a week or two of turnover and market digestion, along with the end of the holiday, confidence is warming up, and funds are gradually entering the market. Many altcoins have started to oscillate upwards again, and some altcoins have already begun to rally. Currently, the overall trend of altcoins is not unified, but they are basically starting to complete their bottom recovery gradually.
BTC is currently wandering between 95,000 and 100,000, with small rises every few days, but it feels like it hasn't firmly established a foothold yet. However, there is a significant possibility it could break the 100,000 mark next week. So, if you see it drop, it might be a good opportunity to buy the dip. Remember, don't get carried away chasing highs, and don't foolishly stay empty and wait to regret it.
In summary, the market still expects BTC to recover the 100,000 mark and ETH to reach 4,000 points, followed by various altcoins soaring, and those who bravely buy the dip will reap a wave of profits. In the short term, I personally think there will be another round of oscillation, and then from mid to late January, a second wave of the main upward trend will begin. Some later altcoins may reach early February.
Currently, many altcoins are still in the bottom range. For spot trading, there has been ample time for dollar-cost averaging from December 20 to today, so if there is a pullback soon, it might be the last good entry opportunity.
In the short term, we still look forward to whether Trump will fulfill his promises after taking office. Therefore, the first quarter of 2025 is relatively optimistic. If Trump starts speaking or implementing practical policies after taking office, Bitcoin and Ethereum will likely have the potential to spike to new highs.
Now let's talk about altcoins. Recently, there haven't been many hot topics in the market, and funds are starting to flow into the on-chain AI sector. As the overall market returns, these funds will gradually return to the secondary market. Additionally, with the American holiday ending next week, market liquidity will begin to recover. It is expected that before Trump takes office, there won't be too deep of a correction. Altcoins in the first quarter are likely to welcome several times the opportunity for growth, making it a great time to position oneself.
Overall, the current market situation is rapidly changing. Staying sharp and seizing opportunities can earn a place in this bull market!
Positioning for cryptocurrencies that are about to surge tenfold in the bull market!
1. OP
The stock price of Optimism is $2.04, up 9.89% in one day. Its market capitalization has reached $2.76 billion, an increase of 9.76%. The trading volume surged 31.94% in the past 24 hours, reaching $316.46 million. The current stock price is 4.09% higher than its 200-day simple moving average of $1.95934, indicating potential for strengthening.
The token shows stability, with 15 trading days performing well over the past month. Its liquidity supports the convenience of trading relative to its market capitalization. Technical indicators provide mixed insights. The Relative Strength Index (RSI), which measures momentum, is at 41.09. This places it in a neutral range, indicating a potential sideways trend.
Additionally, the Fear and Greed Index shows a value of 73, reflecting a market sentiment leaning towards greed. Long-term forecasts indicate that Bitcoin has tremendous growth potential, with an expected price increase of 229.96% by February 2025, reaching $6.65. Although these predictions are speculative, they reflect optimism about the project's future.
In terms of its current trend, optimism remains a token worth paying attention to. Investors should consider these factors alongside the broader market conditions.
2. ENA
Ethena is a platform for synthetic dollars built on Ethereum and has become one of the best-performing altcoins this week, with its price soaring 37% in the past seven days.
The announcement of its 2025 roadmap, which includes the Telegram payment application and TradFi adoption plans, has generated great interest among investors.
The market capitalization of ENA is $3.77 billion, currently only 19% lower than its previous all-time high. If the upward trend continues, ENA may break through the resistance level of $1.32 and approach the historical high of $1.50.
However, if the momentum weakens, ENA may retest the support level of $1.12, and if it fails to hold that support, the price could fall to $1.01.
3. TIA
Celestia has gained attention in the blockchain space for its innovative approach to scalability challenges. Unlike traditional blockchains that handle transactions and manage consensus on a single layer, Celestia adopts a modular architecture.
This design ensures that the consensus layer, which secures the network, is separate from the execution layer, which processes transactions. By decoupling these functions, Celestia achieves more efficient scaling, avoiding the data bottlenecks common in other blockchains.
Currently, Celestia's native token TIA is valued at $5.48, with a 24-hour trading volume of $311.83 million and a market capitalization of $2.61 billion. The price of the token has increased by 9.33% in the past 24 hours, reflecting active trading interest. The high trading volume to market cap ratio of 0.1203 indicates strong liquidity.
TIA's 30-day volatility is 21%, which is moderate compared to more volatile cryptocurrencies. This lower volatility may attract investors seeking to reduce price fluctuations. Celestia's novel design claims to offer a more scalable and efficient blockchain infrastructure while maintaining high liquidity and market activity.
