Bitcoin Chip Exchange Indicator Updated on September 13, 2024: The indicator dropped from 0.535 to 0.557, crossing the moving average, and the moving average turned upward, and the indicator made a double bottom at 0.535. As I mentioned yesterday, the probability of the Fed cutting interest rates by 50bp in September is not low, and the market will be friendly before the rate cut, but considering that it has not fallen below 0.5 and the trend down stop signal has not been triggered, it is still necessary to maintain 80% of the position here and keep 20% of cash for mobility.
These 4 altcoins will explode with an astonishing 100-fold increase in the future!
1. GHOST
Aave has recently gained attention for its potential as a major decentralized finance (DeFi) protocol. It is recognized as the worldâs largest liquidity protocol, providing a range of services including lending, exchange, and staking.
Aave is currently priced at $141.17 and is gradually recovering from its stagnation period. With its strong fundamentals and huge market accessibility (available on major platforms such as Binance and Coinbase), Aave is seen as having strong growth potential.
The coin is showing upward momentum and is close to setting a new high for 2024. Historically, whenever $AAVE touches the $50 level, it represents a strong buying opportunity.
Currently, the coin is approaching the $150 resistance level and could break out to $170 or even $200. In the upcoming bull run, AAVE is expected to reach between $400 and $700.
While this may not represent a 10x return in the short term, it is considered a strong candidate for substantial gains over the next decade. Overall, Aaveâs strong market position and bright prospects make it an attractive option for those looking to invest in the DeFi space.
2.ICP
Internet Computer has shown impressive growth recently, rebounding from a low of $6.98 to a range close to $9. Despite the upward trend, ICP is still below its all-time high of $20.
The project, which aims to revolutionize the internet by providing a decentralized serverless computing platform, has experienced significant dilution since its launch, affecting its price structure.
However, given its current market cap of $4 billion, it is possible that its valuation could reach $8 billion to $12 billion in the upcoming bull run. The Internet Computer ecosystem aims to enable the building of applications without the need for traditional IT infrastructure, positioning itself as a promising project with lucrative future gains.
3. PYTH
Pyth Network (PYTH) is trading between $0.2327 and $0.2979, close to the critical resistance at $0.34, offering a promising opportunity. With solid support at $0.21 and weekly gains of 11.67%, PYTH is showing strength despite a slight loss of 0.83% over the past month. Neutral momentum shown by the RSI and Stochastics suggests that the coin is preparing for its next move. If PYTH gathers momentum, it could rise by 35% to $0.40, suggesting a possible recovery among strategic investors.
Pyth Network plays a key role in decentralized finance (DeFi) by providing accurate, real-time market data to blockchain platforms. This data is essential for the smooth operation of smart contracts and other DeFi applications. One of its standout features is its decentralized Oracle system that provides data directly from financial institutions and exchanges. Pyth updates every 300-400 milliseconds, ensuring that even slight delays do not affect financial operations.
In 2024, Pythâs decentralized oracle network has seen massive growth, with its total value secured (TVS) increasing 46x in nine months, from $98.4 million to $4.7 billion. Douro Labs co-founder Michael Cahill said Pyth currently leads all oracles, including Chainlink, in terms of total volume facilitated.
4.In
Wormhole (W) is currently trading between $0.203 and $0.4. Its price has increased by 4.74% in the past week and 3.87% in the past 24 hours. Despite a slight drop in price over the last month, Wormhole's price outlook remains neutral. It is trading 25.19% below its recent cycle high, but still 26.44% above its low. The token also has low volatility, with a volatility of 9% in the past 30 days.
Wormholeâs market cap is $535.732 million, with a 24-hour trading volume of $22.36 million, up 14.80%. The increase in trading volume indicates growing investor confidence in Wormholeâs continued development.
Wormhole is known for its interoperability platform that connects multi-chain applications and provides access to liquidity across more than 30 blockchain networks. It plays a key role in DeFi, NFTs, and governance, making it an essential component of the decentralized ecosystem.
Major platforms such as Circle and Uniswap trust Wormhole. The network has processed over $40 billion in transactions through over 1 billion cross-chain messages. Currently, Wormhole is trading below its 50-day Simple Moving Average (SMA). Despite this, the market sentiment remains positive and technical indicators suggest a possible rebound. With a possible bull run, the price of Wormhole could reach $1.
