I have only seen this kind of market in 2017 and 2020, when the market situation was roughly similar to now, along with the concept of Bitcoin siphoning. As time went on, this faded away, and it basically just followed Bitcoin’s ups and downs, so now seeing Bitcoin siphoning and all coins lying still doesn't evoke much feeling; just wait it out. I have a gut feeling that BNB is brewing something big, it’s not that it won’t explode, the time just isn’t right, and for now, just follow the crowd.
In recent days, even ETH, which has been criticized by many, has rallied. As long as BTC remains stable and does not siphon, the altcoin party will begin.
How could there be no altcoin season? The gambling nature is right there, behind every altcoin on Binance, there is a restless heart of a dealer.
Layout 3 cryptocurrencies with a potential 100x increase!
1. TAO
Bittensor (TAO) is at the core of the decentralized AI ecosystem developed by the Digital Currency Group (DCG). Under the leadership of Barry Silbert, DCG has recently shifted its focus to decentralized artificial intelligence. The group plans to incubate and develop businesses utilizing decentralized AI through its new enterprise, Yuma. The Bittensor network incentivizes users to contribute computing power and data for tasks such as text translation, data storage, and protein structure prediction.
TAO currently has a price of 468.03, with a daily change rate of 2.28%. The market capitalization of this token is 3.45 billion, with a fully diluted valuation of 9.83 billion. Its circulating supply is 7.38 million, while the maximum supply cap is 21 million.
Bittensor's growth over the past year has been remarkable. The price has increased by 85%, outperforming 53% of the top 100 cryptocurrencies during the same period. Additionally, its trading price is 282.06% higher than the 200-day simple moving average of 122.07. However, despite strong performance, current price predictions for TAO remain bearish.
The market sentiment surrounding this token reflects mixed signals. While the fear and greed index shows 'extreme greed' at 82, indicating strong market interest, bearish predictions suggest that prices may experience a pullback. Predictions for December 2024 indicate that TAO's trading price may range between 1,601.05 and 2,271.45, with an average price of 1,985.22. If these predictions hold true, investors could see a return on investment of up to 386.66%. TAO has high market capitalization liquidity, with a 24-hour trading volume of 338.7 million. The trading volume to market cap ratio is 9.71%.
2. OP
Optimism (OP) currently trades at $2.08, having risen by 19.58% in the past 24 hours. This price increase has brought its market capitalization to $2.59 billion, with a trading volume of $857.19 million. The fully diluted valuation (FDV) is $8.85 billion, with a total supply of 4.29 billion OP, which is the maximum supply.
Over the past year, Optimism has risen by 22%, currently trading at 30.09% above the 200-day simple moving average (SMA) of $1.60. This indicates that the market is performing relatively strongly. Currently, the sentiment around Optimism is bullish. The fear and greed index is at 82, indicating extreme greed. In light of this, people expect prices to rise further.
In November 2024, predictions indicate that the price could rise to $3.39. The price that month could range between $1.70 and $5.85. If these predictions come true, investors could potentially achieve a return of 178.23% based on the current price. Entering December 2024, Optimism's price is expected to range between $5.73 and $8.15. The monthly average price could reach $7.12, indicating a potential return rate for investors of 287.51%.
3. MKR
Maker (MKR) currently has a value of 1,540.14, having risen by 2.05% in the past 24 hours. Over the past year, its price has increased by 5%. The fear and greed index is at 82, reflecting 'extreme greed' in the market. This indicates that investor confidence is continuously increasing. Additionally, the token shows high liquidity, which is consistent with its market capitalization.
Predictions for November indicate that prices may rise, expecting to reach 2,359. The estimated trading range for this month is between 1,472.47 and 2,759.40. This range may be influenced by last month's market performance. If prices reach the high end of this range, investors could gain up to 79.18%. This assumes they buy at the current price and sell at the predicted peak.
By December, the trading price of this token is expected to fluctuate within a larger range of 2,610.72 to 4,098.78. Analysts predict that by the end of this year, the average price will reach 3,561.04. Compared to the current value, this would represent an increase of approximately 131.23%. For those entering the market now, if predictions hold true, this could mean a return on investment (ROI) of up to 166.15%.
