From the current market trend, the market has experienced some minor corrections, and in the short term it is expected to maintain wide fluctuations at the daily level within the range of 62,000 to 64,000. For Ethereum, its price range is expected to fluctuate between 2,380 and 2,500, while SOL may run in the range of 142 to 152.
It is worth noting that the pin pattern appeared on the daily chart of the market, which is a not optimistic signal for the bulls, suggesting that there is heavy bearish pressure and greater resistance above. Therefore, I predict that the market may enter a sideways consolidation phase in the short term, waiting for the accumulation of bullish forces before launching an upward attack again. At the same time, if the market fails to successfully break through 65,000 points during this period, investors should be vigilant and pay attention to potential market risks.
In addition, investors are advised to pay close attention to various news developments, because any sudden war or bad news may quickly trigger panic selling in the market, causing prices to fall sharply.
Buy these cryptocurrencies in 2024 and get 100 times the return!
1. NEURO
Neiro (NEIRO) is currently trading at $0.001579 and has achieved a significant increase of 36.59% in the past 24 hours. Its price is approaching its historical peak and it has demonstrated high liquidity relative to its market capitalization. As of October 7, 2024, market sentiment remains positive, with the vast majority (14) of the 15 technical indicators pointing to an upward trend, and only one revealing a slightly bearish sentiment.
In the coming week, Neiro’s price is expected to fluctuate between $0.001436 and $0.002116. According to the forecast, if the upper limit is reached, the value of the cryptocurrency is expected to increase by 47.37% and reach $0.002116 on October 14, 2024. In terms of daily forecasts, the price is expected to show a steady upward trend, with a price range of $0.001436 to $0.00199 from October 8 to October 13, 2024.
In summary, the outlook for Neiro remains positive in the short term and is expected to continue to rise. However, it is also important to note that changes in market conditions may have an impact on actual prices.
2.GRT
Graph Network recently announced a major development - the release of the Timeline Aggregation Protocol (TAP), an initiative aimed at greatly improving the scalability and decentralization of the system, especially in optimizing the indexer payment process. By introducing a trust-minimized payment mechanism, TAP significantly reduces the trust dependence between gateways and indexers, further promoting the decentralized development of the network. Additionally, the new agreement gives indexers the ability to process payment receipts directly, streamlining the payment management process and making the entire process smoother and more efficient.
Currently, The Graph (GRT) is trading at $0.17346, showing a 4.73% increase in the past 24 hours. The market continues to be optimistic about GRT, and 21 technical indicators all indicate that its price will rise further. It is predicted that the trading price range of GRT this week may be between $0.174706 and $0.261602. If the price hits the upper limit of the range, GRT may increase by 49.74% by October 14, 2024.
3.FTM
Fantom, as a Layer-1 blockchain platform characterized by excellent scalability, has achieved an astonishing 62.52% growth in the past month, and its performance in the field of decentralized finance (DeFi) continues to attract attention, especially Known for its fast transactions and low fees. Currently, its relative strength index (RSI) reaches 63, providing an attractive entry point for some investors looking for opportunities.
From a technical analysis perspective, Fantom's moving averages are sending "strong buy" signals on the daily, weekly and monthly charts, although the oscillator remains neutral, indicating that market sentiment is in a relatively balanced state. It is worth noting that in the past 24 hours, large transaction activity has surged by 980%, which may indicate that large investors are actively increasing their holdings, and the frequent whale activity may be a reflection of the increased confidence of institutional investors.
In addition, the upcoming Sonic update will bring a series of lucrative incentives to developers, including a return of up to 90% of gas fees in user transactions, which will undoubtedly stimulate developers' enthusiasm for innovation. Fantom also plans to launch a native stablecoin, build a secure Ethereum gateway, and implement an airdrop plan involving 200 million tokens, which will undoubtedly further enrich its ecosystem.
Given that this series of updates coincides with the expected altcoin boom at the end of 2024, the market remains optimistic about Fantom's future development potential. In summary, Fantom is becoming a highly anticipated project, and many investors and developers are looking forward to the positive impact that the Sonic update can bring to the network ecology.
4.WIF
WIF, as the leading meme coin in the DWF field, occupies an extremely strong position. When the market enters the upward channel, WIF will undoubtedly become the most dazzling star in the night sky, far ahead of other currencies. In line with the market trend, we should avoid weak currencies in the downward trend and choose strong currencies for investment in the upward trend.
In the future development of the Internet, the power represented by WIF cannot be ignored. Its project vision is clear and dedicated to building a decentralized Internet world. With its outstanding technical strength and reliable team background, WIF is gradually gaining widespread attention in the market. For patient investors, WIF is undoubtedly a high-quality currency worthy of medium- and long-term layout.
5.CORE
As a leader in Bitcoin sidechains, Core’s total value locked (TVL) has exceeded the $350 million mark, demonstrating its significant growth momentum. Currently, the platform attracts participation from more than 22 million unique addresses, and approximately 55% of Bitcoin hash power has chosen to be entrusted to Core. Activity on the Core blockchain continues to rise, with average daily transaction volume exceeding 320,000. Since February 2024, Core has achieved a staggering 11,000% growth, becoming the leader among Bitcoin-powered blockchains and dominating on-chain transactions.
The Core token is also trading well, with the current price at $0.961123, a 2.76% increase in 24 hours. Compared with its 200-day simple moving average (SMA) of $0.703124, the Core token is trading 36.69% higher, showing strong upward momentum. It is worth mentioning that in the past 30 days, Core DAO has shown an upward trend on 18 trading days, accounting for 60%. This trend reflects the market's growing confidence in Core DAO's position and potential in the blockchain ecosystem.
If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or Heyue, a little shot may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle.
Finally, there are still many things that are not written here, such as specific opportunities, specific decisions, and advance ambushes of layout. These things are often not something that can be summarized in one article. Follow me, and I will share more bull market strategies and cutting-edge cryptocurrency consulting for free.
