The latest U.S. employment data shows that the job market is exceptionally hot, with up to 8 million job openings and businesses appearing to be in good condition. This data has made the previous assertion of 'needing to cut interest rates to save the U.S. economy' less significant.
Subsequently, interest rate market predictions show that the probability of a rate cut in January has dropped to nearly zero (below 5%), while expectations for rate cuts in March and June have also significantly weakened.
As a result, Bitcoin and other cryptocurrencies experienced a decline last night. The current market situation is quite tangled, and investors may consider buying on dips. However, regardless, we can no longer return to the bull market of 2021 when altcoins surged crazily.
The reasons being, on one hand, the loose policies of 2021 can be described as a 'cosmic miracle', injecting unprecedented vitality into the market. On the other hand, various cryptocurrency projects are emerging like mushrooms after rain, severely diluting the altcoin market, making it difficult to recreate the glory of the past.
However, this does not mean that investment opportunities have vanished. On the contrary, opportunities may be more diverse and targeted. For instance, sectors like AI and meme coins are becoming the focus of investors, with competition being exceptionally fierce. At the same time, capital inflows have also become more stable and continuous, rather than the former 'waterfall-like' surges.
As for Bitcoin, its price fluctuations more influence market liquidity on a psychological level, and the actual increment of funds brought to altcoins is relatively limited.
A pullback presents an opportunity to position in the following 4 altcoins expected to have a tenfold increase!
1. HBAR
Hedera plays a core role in innovative technologies that help modern and Kia manage carbon emissions. Its blockchain platform supports the Integrated Greenhouse Gas Information System (IGIS), which is specifically designed to track, measure, and manage carbon emissions in corporate operations.
IGIS leverages the power of blockchain technology to process data, ensuring transparency, accuracy, and security of the data. Additionally, this system works in conjunction with the SCEMS system previously developed in collaboration with Hedera, further highlighting Hedera's important role in advancing environmental management solutions.
Hedera's blockchain network provides strong support for carbon emission management by building an energy-efficient and scalable infrastructure. Within this framework, blockchain technology ensures the verifiability and tamper-proof nature of carbon emission data, aligning with global goals to enhance sustainability and environmental responsibility.
At the same time, the market performance of the HBAR token is also remarkable. Despite a recent price correction, its trading price of $0.2857 remains significantly above the 200-day moving average of $0.142793, reflecting the market's broad recognition and confidence in the potential of the Hedera project.
This series of developments highlights the deep integration trend of blockchain technology with real-world applications like environmental management. Hedera is gradually establishing its key position in combining technological innovation with sustainability goals through partnerships with many well-known companies to address global challenges.
2. XMR
The recent price movement of Monero (XMR) is quite interesting. As of the time of writing, the price briefly rose to $206.12, then closed at $187.7. Although this cryptocurrency has dropped 2.71% in the past 24 hours, it has risen 2.57% over the past week, reflecting growing interest in the privacy coin market, consistent with broader market trends.
Since its inception in 2012, Monero has become a pioneer in the cryptocurrency space, known for its firm commitment to privacy protection and user anonymity. Unlike many other cryptocurrencies, Monero adopts cutting-edge technologies like zk-SNARKs and ring signatures to ensure that transactions are both private and untraceable. These features make Monero's native token XMR the preferred choice for users seeking transaction security and privacy.
Looking ahead, the price expectation for Monero is projected to trend upward, potentially reaching a peak of $210.01 in February 2025. Notably, the current trading price of XMR is approximately 18.81% higher than its 200-day Simple Moving Average (SMA) of $166.87, showcasing its sustained upward momentum.
In the past month, Monero has shown its robustness in market turbulence, with 20 trading days exhibiting an upward trend. The current 14-day Relative Strength Index (RSI) value is 49.59, indicating that prices may enter a consolidation phase in the short term. However, market sentiment remains optimistic, with the Fear and Greed Index scoring as high as 78 (extreme greed area), reflecting investors' cautious yet optimistic attitude.
3. DOGE
The market activity of Dogecoin (DOGE) continues to rise, especially with a significant increase in large transactions, namely whale transactions. The portion of transactions exceeding $100,000 has surged, marking a positive growth in market interest. As market dynamics evolve, this trend may indicate a potential upward rise in Dogecoin's price.
Historically, January tends to be a positive month for Dogecoin, with an average return rate of 85%. However, there are exceptional years such as 2014 and 2021, which achieved astonishing returns of 250% and 700%, far exceeding the average. Among all months, Dogecoin's median return in January is 5%, second only to October's 8%, ranking as the second highest of the year.
The futures market has reached a new milestone, with open interest climbing to 1.035 billion DOGE, surpassing the historical peak of 10 billion set in March 2024. The increase in open interest signifies a rise in the number of unsettled derivative contracts in the market, which often indicates new capital continuously flowing in. This trend aligns with bullish signals presented by technical indicators such as the 50-day Simple Moving Average (SMA). Analysts expect Dogecoin's target price to reach $0.50 in the short term. However, it is worth noting that trading volume on Coinbase appears sluggish compared to the surge in November, which may suggest that the resistance level at $0.40 will still face challenges.
Looking ahead, there are predictions that Dogecoin may rise to $1 by 2025, significantly above its historical peak of $0.70 in 2021, pushing its market cap past $100 billion. However, achieving these optimistic forecasts will undoubtedly require sustained market interest and broader application promotion as support.
4. ARB
Arbitrum DAO has allocated approximately 225 million ARB tokens, worth nearly $190 million, to support its gaming ecosystem through the Game Catalyst Program (GCP). This program aims to invest and finance gaming projects in the blockchain space, indicating the agency's focus on developing this area.
Arbitrum's price continues to show strong momentum, currently trading slightly above its 200-day Simple Moving Average (SMA) of $0.798851, indicating that this cryptocurrency may maintain a steady upward trend in the long term. Additionally, Arbitrum possesses high liquidity, with a trading volume to market cap ratio of 0.1701. Specifically, the market cap of this cryptocurrency is about $4 billion, while the 24-hour trading volume reaches as high as $680.11 million.
The current value of the 14-day Relative Strength Index (RSI) is 57.90, indicating a neutral zone, suggesting that the Arbitrum token may not experience severe price volatility in the short term. Meanwhile, its 30-day price volatility is relatively low at only 15%, further indicating that this cryptocurrency is currently in a relatively stable phase.
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