PEPE Currently at 0.1744, as long as it doesn't set a new low, there shouldn't be much of a problem. Due to excessive previous increases, it currently needs to correct. You can also pay attention to some coins that still have room for a rebound.
BOME A quality project, the characteristic of "as long as it is horizontal, it is as long as it is vertical" indicates that the potential is still optimistic.
ACT Currently in a bottom consolidation phase, the short-term trend will still be dominated by fluctuations, and you can continue to pay attention to signs of stabilization at the bottom.
PNUT Currently showing a similar bottom consolidation pattern, but it will still take time to completely break out of the trend, so patience is required.
SSV, ENS If you have low-level chips, it is recommended to continue holding; if there are substantial profits, you may consider reducing positions to release capital, using profits to seek further space, and specific actions depend on personal preference.
WLD Currently in a large cycle fluctuation range of 1.28-2.86. Short-term support is around 2.1, and if it stabilizes at 2.9, the upward trend will become clearer.
HMSTR A coin controlled by the dealer, currently showing good retracement, just wait for the second wave of increase, not recommended to exit hastily.
Is CKB suitable for long-term holding? Yes, the overall performance of the project is good, and it is expected to further explode, making it suitable for long-term holding and observation.
How long can the altcoin market continue? Is it appropriate to enter now? The current altcoin market has only been active for about a month; typically, such trends last 3-5 months, so there is still a long cycle ahead. There are still opportunities to enter, but one should choose quality coins.
How is the trend of DOT? DOT is currently looking for support around $7.5 and is in a retracement phase. Mainstream coins usually follow a wave trend, so it’s advisable to enter in batches to avoid heavy positions.
Why are PEPE and WIF continuously falling? PEPE and WIF are among the projects that surged first in this wave, so their adjustments have also come first. The previous increase was significant, and the current pullback is a normal phenomenon, so there is no need to worry excessively.
UNI After removing regulatory obstacles, the outlook is widely optimistic. Current support is at $9.5, with suitable entry zones around $10 and lower positions.
ZEN and BN Long-term sideways consolidation has formed a base, and the observation label has been removed, indicating potential upward space. It is recommended to enter around $12 and hold for the long term.
TON Approaching previous highs, showing strong performance. Its ecological projects NOT, DOGS, HMSTR have not yet surged significantly, which can be seen as potential opportunities worth paying attention to.
LPT Transforming into the AI sector, trends seem poised to break out, possessing the potential of a meme coin. The current price is $13.3, and entry can be considered at the right timing.
PEPE, DOGE, SHIB Currently in a consolidation phase, temporarily observing and waiting for clearer signals.
WLD Pulled back to $2.3; those who have not entered can take advantage of the current price to position themselves.
NFT Sector: Leading coins: BLUR, X2Y2, LOOKS, DEGO
Modular Sector: Leading coins: TIA, MANTA, DYM, ALT
Operation Suggestion: Open the exchange's growth leaderboard, choose long-term frozen coins that are rising, and seize the trend of capital inflow. At the same time, prioritize the layout of leading coins, aim for stable victories, and avoid blindly chasing prices.
Three value coins have emerged in the coin circle: Bitcoin, Solana, and Sui.
Now, after Bitcoin broke through $99,000, it failed to maintain the high point and has not been able to break through $100,000, which has doused cold water on global investors. Now, excluding some meme coins, the only cryptocurrencies that have effectively broken through their previous highs are Bitcoin, Solana, and Sui. Breaking through the previous high means that there are no longer any trapped positions, opening up upward space and establishing its status as a value coin in the cryptocurrency market. Bitcoin was the first to break through the high point of the previous bull market. In November 2021, Bitcoin set the peak price of $69,000 in the previous bull market. On March 12, 2024, it broke through to $73,760, starting a small bull market in the coin circle. On November 6, 2024, it broke through again to $75,380, marking the formal start of the bull market.
1: Narrative, such as DOGE, which receives funding and speculation due to mentions by Elon Musk, and future benefits like AI conferences, oil refining conferences, etc.
2: The roadmap of the community behind the project, where the community team actively creates narratives or promotes progress, such as expanding to platforms like Binance, CB, Bithumb, Upbit, etc. after being listed on Binance.
3: Market makers.
Meeting these conditions makes valuations and price increases more promising. This principle applies to public chains, gaming, DEFI, and other sectors, as speculation on any coin relies on traffic and funds.
How to judge trends?
You can pay attention to the dynamics of Binance, CB, the macroeconomic situation in the U.S., mainstream media, and hotspots in the U.S. stock market, as well as comments from celebrities in the crypto field. Find corresponding narrative projects in the crypto market and analyze them, closely following market speculation trends, as the market is always right.
In the past year or two, new sectors like Depin, RWA, Payfi, BTCfi, etc., have emerged, and attention should be paid to whether similar projects receive significant funding. The recent speculation around DOGE and PNUT serves as an example. Even if predictions are difficult, timely follow-up can seize opportunities, as PNUT’s rise was not immediate.
PEPE and SKL PEPE: As the leading MEME coin in the Ethereum ecosystem, it shows strong performance. After the adjustment, it is expected to continue reaching new highs. SKL: A well-established layer-two network, the project is stable and still has certain potential.
KNC (Kyber Network) Features: It falls under the category of "zombie coins," with limited market depth and activity. It is recommended to try with a small position, focusing on short-term trading.
PEPE, SEI, TIA PEPE: A high-quality MEME coin, with a clear leading position, expected to continue bullish after the adjustment. SEI: An emerging public chain project with development potential. TIA: A leading modular project with strong narrative and good prospects.
DOGE Current Observation Point: Focus on whether the support at 0.42 is solid, with a relatively slow overall trend. It may require more time to complete the daily-level adjustment. The lower support is at 0.34, so wait patiently.
CORE Current Situation Analysis: The price is currently close to the upper edge of the channel, and after a breakout and retest, it still has bullish potential. As a project in an independent market, it is advised to hold patiently and watch for a strong bullish candle confirmation.
Types of Altcoins to Avoid with Caution (Not Investment Advice):
VC-backed Projects Reason: These types of projects are often heavily influenced by venture capital, experiencing significant price volatility and may face the risk of capital outflows.
Coins with Limited Circulation Reason: Projects with insufficient liquidity are difficult to exit, easily affected by market sell pressure, leading to increased price volatility.
Old Projects Reason: Some projects that have been running for many years may experience slow development or lack of innovation, leading to decreased market attention and difficulty in achieving a new round of substantial increases.
Projects Not Listed on Mainstream Exchanges Reason: Projects that have not been listed on major exchanges (like Binance) typically have poor liquidity and relatively weak market performance.
Non-Industry-Leading Projects Reason: Non-leading projects have lower market recognition and insufficient competitiveness, often struggling to achieve significant performance during capital rotation.
The following projects are worth laying out in advance: L1 Track SUI, FTM, SEI, NEAR: Emerging public chains are performing strongly, as a fundamental track, they have long-term growth potential in the future.
AI Track TAO, FET, ARKM: The artificial intelligence field continues to explode, and these projects have strong advantages in technological application and narrative.
Modular Intelligent Future TIA, ALT, DYM: The rapid development of modular and intelligent technology is a key direction for the next round of innovation.
DeFi Innovation AAVE, PENDLE: Decentralized finance continues to innovate, and these projects have significant advantages in liquidity and yield models.
Gaming and Financial Infrastructure RONIN, IMX, SAGA: The gaming field and blockchain are increasingly closely integrated, and as infrastructure projects, they have unlimited potential in the future.
Entertainment and Inscriptions SATS: Focused on the entertainment and inscriptions track, highly innovative, and holds a unique position.
In fact, it can be considered that the market for altcoins has quietly started, only showing characteristics of a phased launch.
In this bull market, the first to start are some long-neglected established cryptocurrencies, such as:
XRP XLM ADA ATOM DOT POL CRV AVAX
Although these established coins lack eye-catching new narratives, they have been neglected by the market for a long time and have undergone sufficient consolidation, resulting in a relatively concentrated distribution of chips. Additionally, these coins have a high circulation rate, and the selling pressure from unlocked tokens is relatively small, giving them strong upward potential.
Q&A: ORDI Trend analysis: There is still room for growth, with a conservative target of 100. In the long run, it can move towards a market value of 10 billion. CORE and SATS CORE: It is still fluctuating within the daily convergence range, and no clear breakthrough signal has appeared. If it can stand firm at 1.1, the subsequent space will open up. SATS: There is a potential head and shoulders bottom right shoulder pattern near 2150, and wait patiently for confirmation. The short-term target is 4000, and there is a large space above after the breakthrough. LQTY Suggestion for profit: The daily trend is strong, and the bulldozer market continues. You can continue to hold it and wait for the big positive line to break through and confirm before taking profit. DOGE Entry suggestion: The current cost-effectiveness of getting on the car is not high, and the short-term upward space is limited (about 10%). It is recommended to wait for the retracement before considering intervention, or look for other better targets. PIZZA Strategy suggestion: After the last bottoming out, it stepped back again to test the support. As long as it does not break the new low of 1.5, you can consider buying and holding. PEOPLE and JUP Timing of entry: It is still in the stage before the rise, and it is still possible to enter the market for layout. SAGA Holding suggestion: If there is short-term profit, you can stop profit in batches. If you plan to hold it in the medium and long term, you can continue to pay attention. After breaking through 2.2, there will be greater upward space. PNUT Potential analysis: It still has potential, but it needs a period of adjustment and repair after Binance rises. It is suitable to wait for the callback to stabilize before adding positions or layout.
Representative Projects: ARB, OP, ZK, STRK, METIS, MANTA, CELO, MNT, MATIC, IMX, SKL, LRC, CTSI, BOBA, COMBO, MODE Positioning and Role: As a key element in Ethereum's goal of building a "global computer," the primary task of Layer 2 is to support the prosperous development of the ETH ecosystem with high TPS and low Gas fees. Market Position: Layer 2 is the highest market capitalization segment in the Ethereum ecosystem, with leading projects like ARB, OP, STRK having FDV (Fully Diluted Valuation) exceeding $10 billion. Despite characteristics of low circulation and high FDV, its importance cannot be overlooked.
ETH Staking/Re-staking (LSD Track)
Representative Projects: LDO, SSV, PRL, SD, FXS, ANKR, ETHEI, REZ Track Background: After the Ethereum Shanghai upgrade, transitioning from PoW to PoS, the development of LSD (Liquid Staking) protocols was stimulated, providing ETH staking services. Leading Project: LDO, as the largest staking service provider, has the highest TVL in the network, with a circulating market value of $2 billion. SSV is also one of the important infrastructure projects.
Old School ETH DeFi
Representative Projects: UNI, SUSHI, AAVE, COMP, CRV, MKR, LOTY Current Development Status: DeFi, as the largest innovative sector in the last bull market, has become an important component of on-chain daily activities. This cycle focuses on upgrades, with less innovation.
ETH Meme
Representative Projects: PEPE, SHIB, SPX Sector Characteristics: Meme coins are one of the strongest performing areas in this bull market, and appropriate allocation can participate in hot opportunities.
Summary: After Ethereum breaks through the daily resistance level, it is expected to drive Ethereum-based altcoins into a new round of market conditions. Layer 2, as the most important segment in the ecosystem, the leading projects in staking and DeFi also have strong investment potential, while the Meme sector is suitable for short-term speculation.
The strong performance of Ethereum has indeed led the market's direction, often referred to as 'When Ethereum rises, all coins flourish.' As Ethereum continues to innovate and develop, many altcoins will also show an upward trend under its influence.
As for the mentioned 3500 level, this is indeed a critical price point. If Ethereum breaks through this level, it may continue to attract investor attention and boost market sentiment.
For LTC (Litecoin), XRP (Ripple), ADA (Cardano), EOS, ETC (Ethereum Classic) and other altcoins, although their market performance differs from Ethereum, they will also be influenced to some extent by the movements of Ethereum or Bitcoin. Generally, altcoins tend to rise when the market experiences a larger increase, especially under the stimulation of capital inflows and technological advancements.
Continue to pay attention to the trends of these altcoins, especially when the overall market is improving, as they may usher in a phase of upward growth.
Watching Bitcoin soaring and breaking market expectations should be an exciting thing, but strangely, I can't be happy. The reason is simple - what I hold in my hand is not Bitcoin, but a bunch of "altcoins". In the currency circle, this phenomenon is a true portrayal and helpless choice of many retail investors.
Some people may say that altcoins have no value and are all bubbles. But the fact is that every star has its own highlight moment. Some seemingly inconspicuous altcoins may suddenly explode one day.
So, how to judge whether an altcoin is worth looking forward to? The following suggestions may help you:
Investigate the team and project background
Behind high-quality altcoins, there is often a strong team and clear project planning. You need to understand who these people are, what the direction of the project is, and whether their goals are practical. In addition, be especially wary of teams that like to paint big cakes and take advantage of hot spots.
Pay attention to technical strength
Technology is the foundation for the long-term development of altcoins. Whether it is blockchain technology, smart contracts, or privacy protection capabilities, they all need to be considered. If the technical capabilities are strong, the project will naturally have greater development potential.
Evaluate market demand
A good altcoin should be able to solve practical problems and meet market demand. If it has unique advantages in a certain field and can gain a foothold, then the prospects will be broader.
Observe community activity
The community is an important support for the development of altcoins. A large and active community can bring more attention and support to the project, and at the same time enhance market confidence.
Keep risk management in mind
When investing in altcoins, remember that risk awareness cannot be lost. The currency circle fluctuates greatly, and you may lose all your money if you are not careful. Therefore, you must allocate funds reasonably, don't blindly go all in, and grasp the position allocation.
To sum up in one sentence: rational analysis, keep calm, and be good at observation, can seize the opportunities with real potential.
BabyDoge Currently experiencing a second pullback to the daily support level, 1900 is the key support point. The current position is very suitable for considering layout.
CAT, BLZ, VET CAT: The trend is relatively strong, can continue to hold. However, it is necessary to closely monitor the trend of the main leaders in the MEME sector to make decisions. BLZ: Classified as a storage-type "zombie coin," and has been placed in the observation zone, there is a risk of being delisted, investment needs to be cautious. VET: An old "zombie coin," showing bland performance, participating with a small position is sufficient, heavy investment is not recommended.
Saga Currently at a second bottom-testing position, suitable for interested investors to build positions in batches. If it does not break the previous low, it can continue to be held; if it breaks, it may further decline, but there is a high possibility of subsequent upward movement, not a big issue.
ORDI The leading coin in the inscription sector, it is recommended to patiently wait, there is a high probability of performance space in the later stages, investors need to befriend time.
SHIB burn rate soars by 2200%, is a parabolic rebound for Shiba Inu on the horizon?
SHIB burn rate surges by 2200%, indicating that Shiba Inu is brewing a parabolic rise, thanks to recent bullish on-chain data.
The latest SHIB burn rate data has once again sparked bullish sentiment for the popular dog-themed meme token Shiba Inu. On Thursday, the token's burn rate surged by 2200%, with reports suggesting that the asset's price may rise in the future. In context, recent on-chain metrics have fueled investor optimism, anticipating a parabolic rise in meme tokens, especially considering the ongoing bull market in the broader industry.
BTC Dominance Hits Peak: Bitcoin dominance rises to 61%, leading to a significant decline in the altcoin market.
Capital Rotation Pattern: The traditional pattern is that after Bitcoin rises, Ethereum takes over, followed by altcoins. Currently, caution is advised against shorting Ethereum and altcoins.
Ethereum Trend: Ethereum forms a short squeeze pattern, leading altcoins to rebound. Recent low-buy strategies have performed well, suggesting to set long positions in the 3060-3030 range, with a stop-loss set at 3000.
Recommended Hot Coins: Neiro, Pnut, and Act have rebounded from lows, suitable for gradual spot accumulation as a foundational allocation.
ETF Updates: Multiple cryptocurrency spot ETFs are currently under application, with the DOGE ETF expected to be submitted on December 31.
NVIDIA Earnings Impact: NVIDIA's Q4 revenue forecast is $37.5 billion, exceeding market expectations, but after the good news was priced in, the stock opened down 5%.
FLOKI Good News: FLOKI is listed on Coinbase today, with prices rapidly increasing.
BAN Incident: Sun Yuchen bought a banana at an auction, causing a significant drop in BAN coin.
Q&A: WLD: The daily line is under pressure from the Vegas channel. If it breaks through this point, it will push upwards. Attention should be paid to NVIDIA's earnings report in the early morning of the next day. GMT: The short-term trend is acceptable, it is recommended to continue holding. FET: Considering the news factor, it is recommended to increase positions cautiously and control the allocation. ACT, ARKM, WLD: ACT: Currently showing signs of a volume contraction pullback, with many holders in the market at high positions, it is in a state of a downward washout and is expected to require time for adjustment. Pay attention to the support at 0.5/0.44. ARKM and WLD: It is recommended to choose one of them and not to overlap positions; ARKM is performing better overall. Eigen: Continue holding, the trend is stable. FLOKI: Recently has increased significantly, short-term adjustments are needed to relieve pressure. YGG: The support range is between 0.4-0.43. 8. SATS vs WIF: SATS has a larger market capitalization, and the potential for growth is relatively limited. WIF has a higher short-term trend and sector heat, possibly performing better. PEPE, SKALE: PEPE: Undergoing repairs, the first phase of the market has ended. SKALE: On-chain MEME coin, it is recommended to invest small amounts. PNUT: The overall market is currently retreating, but PNUT is relatively strong, and there is still potential for further increases. BAN: Currently, both on-chain and exchange MEME coins are retreating, it is recommended to set stop-loss to prevent risks. BOME: Still in the waiting phase for activation, there are no major issues yet.
In the current cryptocurrency market, AI-related tokens are performing actively. Here are analyses of several key tokens: 1. **OPEN AI Founder Strongly Related Concepts**: - **WLD** and **ARKM**: These two tokens have attracted market attention due to their close association with the founders of AI technology, having potential for price surges.
2. **Binance Strong Tokens**: - **FET (Fetch.ai)**: As one of the AI projects supported by Binance, FET has maintained a stable price surge characteristic and has a relatively solid position in the market. 3. **NVIDIA Concept**: - **RENDER (RNDR)**: A token directly associated with NVIDIA, it has gained continuous attention due to the growing demand for AI and graphics processing, making it one of the leaders in the AI sector. 4. **New Tokens**: - **ACT**: As a recently discussed AI Meme token, ACT is highly popular in the market, currently trading around $0.6, with significant funding support. Established projects like **Render (RNDR)**, **Fetch.ai (FET)**, and **Near Protocol (NEAR)** have performed excellently, especially NEAR, which has shown a relatively steady trend recently, demonstrating the market stability and relatively low risk of mature tokens, suitable for more conservative investors. At the same time, the new project **ACT** has attracted significant attention in the AI Meme sector, with notable funding support below its price, indicating its popularity in the market and potential for upward movement.