In the past two days, the market has continued to decline, and while the market has been climbing, it has failed to reach the 100,000 target, resulting in a large amount of selling, which has led to continued corrections and a lack of rebound so far.
However, in my opinion, the significant correction this round is actually just to gather strength at lower levels for a better launch into the next wave of a bull market, aiming to reach even higher historical peaks. The overall trend has not changed, and the current situation is merely a normal correction.
Now the market has reached a relatively low position, everyone should seize the opportunity! Those who should enter the market can do so confidently and boldly, without fear!
The altcoin frenzy is about to arrive, positioning 4 types of potential coins with future values exceeding 100 times!
PNUT
Pnut on Base is a derivative meme coin project inspired by a famous internet squirrel. The real-life squirrel Pnuts was tragically euthanized, sparking outrage and sympathy from animal rights activists, bringing attention to the project. This emotional response has driven the creation of several PNUT-themed projects, symbolizing animal rights and community engagement.
In addition, recent developments have led to PNUT being listed on well-known exchanges like CoinW, increasing its visibility and liquidity. A notable highlight is the rapid rise in PNUT's market capitalization, which is approaching the $100 million mark. The trading volume of this token has reached impressive levels, with an average daily trading volume of about 10 million transactions. This momentum indicates strong investor interest and significant growth potential in the future.
ALU
Altura is a rising star in the blockchain-based gaming and NFT sector. It offers a unique platform for game developers to easily create smart NFTs and integrate them into their games. The focus on practicality and innovation sets Altura apart from many other altcoins in the market.
Altura technical analysis and forecast
Driven by increased trading volume and investor interest, this technical setup is a strong indicator of potential growth. As this model completes, Altura may see significant gains, making it an attractive option for high returns in December of this year.
TRX
Tron (TRX) is currently priced at $0.2052, having grown by 24.78% in the past 30 days. The network reached a multi-year high of $0.22 and peaked at a daily revenue of $2.16 million on November 22. Tron’s total locked value (TVL) reached $7.845 billion in November. It dominates the stablecoin market, handling 92% of all USDT transactions, with a weekly trading volume of $150 billion in November.
Despite holding $60 billion in USDT, TRX's market capitalization is only $17 billion. Analysts predict that TRX may surpass the historical high of $0.3004 set in 2017. Tether's market capitalization has also grown by 50%, reaching $132 billion by 2024, reflecting the strong role of stablecoins in the market.
TON
Despite the market downturn, whales have still increased their purchases of Toncoin (TON).
On November 23, whales purchased 262,580 T, worth approximately $1.7 million, marking the highest single-day purchase amount in the past 63 days. From November 21 to 24, whale wallets purchased a total of 459,980 T, amounting to about $30 million, at an average price of $6.30.
In August 2024, TON founder Pavel Durov was arrested in France for allegedly failing to prevent criminal activities in the Telegram app, causing Toncoin's value to drop by 20%. During this process, the $6 level has acted as a strong resistance.
On November 23, just 48 hours after the news of Gensler's resignation was announced, the price of Toncoin surged significantly, reaching a 90-day peak of $6.6. However, profit-taking over the weekend caused the price to drop to $5.9 on November 25. Subsequently, despite Bitcoin's drop, TON successfully rose above $6 again.
Investors in Toncoin should pay attention to the $6 level during this process. A weekly closing price above this level will accelerate the upward trend.
