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The overall SOL chain had a low correction during the decline of Bitcoin and Ethereum last night, and there is a probability that it will develop an independent trend. The meme is currently correcting, and funds may go to the SOL chain for risk aversion. In addition, the SOL chain is at a low level as a whole, making it a good ambush target.
The funds first pulled the public chain, then AI, and finally strongly pulled the meme. Now it is entirely possible to go back to the SOL system.
The profit and loss ratio of this left-side transaction is very cost-effective!
The bull market is about to take off and these three mainstream altcoins will soar 20-100 times, which are worth investing in!
1. TREES
BOOK OF MEME (BOME) is priced at $0.010013 and is up 30.74% in the last 24 hours. The token has seen growth in 15 of the last 30 days, or 50%. It is trading close to its recent cycle high of $0.010302 and has high liquidity relative to its market cap.
The current market sentiment for BOME is bullish, with 18 technical indicators showing positive trends. In the past seven days, BOME has shown strong positive correlation with cryptocurrencies such as Aerodrome Finance (AERO), Aave (AAVE), and EigenLayer (EIGEN).
BOME’s price also exhibits a moderate positive correlation with the top 10 tokens by market cap (excluding Tether) at a correlation of 0.567, and with the top 100 non-stable tokens at 0.457. Movements in these correlated currencies may foreshadow similar movements in BOME’s price, while negatively correlated assets may move in the opposite direction.
In the short term, BOME’s forecast is relatively optimistic. It is expected to trade between $0.009039 and $0.013471 this week, which could represent a 49.03% increase by October 21, 2024. Furthermore, by October 28, 2024, the coin could reach between $0.013471 and $0.015508, representing a 15.12% increase in the upper limit target.
For the remainder of 2024, BOME is expected to trade in the range of $0.009039 to $0.043046. If the upper limit of this forecast is reached, the price could rise by a massive 329.12%. However, as always, market conditions and unforeseen factors could affect these forecasts.
2. YUP
Grayscale’s expansion into new crypto assets includes Jupiter (JUP), a DEX aggregator on Solana known for participating in meme token trading. Jupiter has gained attention for its ability to generate fees for the community, with revenue of $3.38 million in October. This is consistent with Grayscale’s focus on financial projects that create value through decentralized operations.
In the financial projects category, Grayscale is also considering newer DEX platforms such as Aerodrome, Injective, and Mantra, as well as older projects such as ThorChain. This shift shows that Grayscale is interested in innovative DeFi models.
Jupiter’s total value locked (TVL) has reached a record high of $1.32 billion, while its market cap is $1.16 billion, suggesting it may be undervalued. Although it is currently trading at $0.85, the token is expected to rise as interest in meme tokens grows and Jupiter improves its trading technology and liquidity management.
Jupiter’s role in the upcoming launch of the DeBridge DBR token in October demonstrates its involvement in innovative liquidity solutions. The launch emphasizes fair distribution and price stability, using Jupiter’s liquidity tools to prevent price manipulation.
Overall, Jupiter's inclusion in Grayscale's potential listing reflects its growing importance in decentralized finance. The project's expansion, as well as Grayscale's broader interest in newer DeFi models, highlights the industry's continued growth and relevance in the crypto market. However, like all crypto assets, Jupiter remains subject to market trends and investor sentiment.
3.OK
Ondo Finance (ONDO) is focused on providing institutional-grade financial services and has made great strides in the field of decentralized finance. Founded in 2022 and headquartered in the Cayman Islands, Ondo uses blockchain technology to build an ecosystem that connects traditional finance with decentralized protocols. Its business partner, Ondo Finance, works closely with the Ondo Foundation to promote the tokenization of real-world assets.
Currently, Ondo Finance is priced at $0.753211, up 9.51% in the last 24 hours. The project has shown resilience, with 16 of the last 30 days (53%) seeing price increases, or “up days.” This performance, coupled with high liquidity relative to its market cap, indicates growing interest in the token.
According to the forecast, the price of ONDO could increase by 227.99% to reach $2.45 by November 2024. Although the current market sentiment appears neutral with a Fear & Greed Index score of 48, the volatility of the last 30 days is 8.89%, indicating that ONDO experiences moderate price volatility. Overall, with a good track record and positive forecasts, Ondo Finance offers a potentially favorable opportunity for investors.
