At 6:30 AM, Bitcoin dropped below 93k, causing many friends to start worrying about the end of the bull market. There's no need to worry; the trend remains positive, and Bitcoin's ETF is still seeing continuous inflows. Moreover, the interest rate cut cycle is still ongoing; not to mention, there's another rate cut on the 18th of next month. Right now, for spot trading, it's just about picking quality varieties and holding on—just two words: don't worry too much.
The recent pullback in Bitcoin is mainly due to the fact that Bitcoin is about to break $100,000, causing retail investors to take profits and sell. We may have to wait for further observation after Trump's inauguration.
Referencing the last cycle's way of Doge's price surge, there was a doubling surge at the end of December, with the real start being at the end of January, which was after the new president took office.
In half a month, it surged 10 times, directly igniting the market sentiment for altcoins in the quarter, and in February, March, and April, altcoins basically went crazy.
Looking back at Trump's shooting and campaign success, the cryptocurrency market has been very crazy, so the next major positive factor is Trump's inauguration on January 20. It feels like ETH, DOGE, etc. will lead the altcoin season, which can be expected for the market in the first quarter of next year!
Ambush the following 3 altcoins that could potentially increase 100 times in the future!
1, SEI
Sei (SEI) is currently trading between $0.5103 and $0.6867, having risen 22.80% in the past week, close to its support level of $0.52. Over the past month, SEI has shown an impressive growth of 68.08%, demonstrating strong potential. Key resistance levels to watch are $0.65 and $0.69, and breaking through these resistance levels could lead to significant upward movement.
The price trend of SEI indicates a clear upward trend. After forming a flagpole, it entered a downward sloping consolidation phase, suggesting a bullish breakout. Recently, SEI broke the upper boundary of the flagpole, confirming this momentum—a breakout at $0.6292 targeting $0.65.
Furthermore, SEI has stabilized above the 0.236 Fibonacci retracement level, indicating steady investor confidence. If SEI breaks this level, it could pave the way for a stronger upward trend. The formation of a bullish flag pattern further supports the possibility of an upcoming breakout. A breakout from the current resistance level could trigger the next round of significant rebounds.
While nothing is absolute, SEI seems ready to take bigger actions. A breakout from its accumulation zone could lead to a significant price increase. However, we should also monitor the market for confirmation before expecting a sustained upward trend.
2, FLOKI
Floki aims to combine its meme appeal with real-world utility by creating a decentralized ecosystem. The project plans to build use cases for its token through NFTs, blockchain gaming, and decentralized finance features. One of its main goals is to develop a play-to-earn metaverse where users can earn rewards, trade virtual assets, or hold them for future use.
On November 21, Floki began trading the FLOKI-USD pair on Coinbase. This listing has increased the token's accessibility and indicates a growing recognition of the project in the cryptocurrency market. Trading volume for FLOKI surged significantly after the announcement.
At the time of writing, the price of this token is $0.000227, market sentiment is positive, and the optimism index is 82. The token shows strong technical performance, trading over 40% higher than its 200-day simple moving average of $0.000157. In the past 30 days, it has had 15 days in the green, indicating a daily performance of 50%.
Additionally, FLOKI has relatively high liquidity compared to its market cap, making it easier to trade. Price predictions indicate that the token may rise 229.87% to $0.000782 within a month, reflecting market enthusiasm.
3, ARB
Arbitrum has recently performed quite strongly. The current price is $0.9178, with a 24-hour increase of 8.47%, and a market cap of $3.69 billion. Its price is already about 20.63% above its 200-day simple moving average, indicating strong upward momentum and bullish market sentiment.
In the past 30 days, ARB had 18 days of upward trading, accounting for 60% of the total trading days. This indicates that its market performance continues to strengthen, with relatively high liquidity and strong trading activity.
In November, ARB's price is expected to fluctuate between $0.868065 and $3.00, with a potential return on investment of up to 235.35%. Entering December, its price is expected to fluctuate between $2.94 and $3.88, and if the price rises to the predicted high, it could bring a potential return of 333.54%.
4, WLD
Worldcoin's trading price is $2.51, reflecting a decrease of 1.14% in the past 24 hours. Its daily trading volume is $828 million, with a market cap of $1.75 billion, accounting for 0.05% of the entire cryptocurrency market. The token's performance indicates active trading, with a trading volume to market cap ratio of 1.1846, indicating strong liquidity.
Additionally, the current price of $2.51 has risen from the low point of this cycle but remains far below the historical high. Its Relative Strength Index (RSI) is 58.18, in the neutral zone, indicating that the price may stabilize or move in either direction, with no strong momentum.
This cryptocurrency shows positive trends, with 17 days of upward movement in the past 30 days, equivalent to 57% of the time. Market sentiment is bullish, with a fear and greed index of 82, further supporting this trend, indicating increased investor confidence and interest. Its substantial trading activity and liquidity highlight its significance in the industry, although its high inflation rate and price volatility deserve careful consideration.