The interest rate decision resulted in a 25 basis point cut, but the market fell sharply. Typically, after a rate cut, the market rallies, but a statement from Powell led to the current situation, with the liquidation line for long positions in contracts being most concentrated in the $98,000 - $104,000 range, causing the Bitcoin price to drop directly to $98,500.
The market's overt information is that four rate cuts were originally expected in 2025, but now only two rate cuts are anticipated next year. The Federal Reserve Chair stated: 'We are not allowed to have Bitcoin and do not wish to change the law.' However, it is important to understand that market policy is not solely dictated by them; they also need to look at data. While words can be spoken freely, policies cannot be arbitrarily made; they must be data-driven. Ultimately, how interest rates will be cut next year depends on various data. What I want to say is that the bull market has only just begun; Bitcoin is on track to reach $150,000, ETH to reach $8,000, Doge to reach $1, and Pepe to go up five times. This upward process will shake many people out of the market; apart from allocation and waiting, there is not much we can do. This wealth will truly go to those who persevere.
Let's take a look at three altcoins that could increase 100 times in the future! 1.ADA
Whale activity in Cardano has significantly increased, indicating a resurgence of investor confidence. Recent data shows that large holders accumulated 80 million ADA tokens worth approximately $85.6 million in the past 48 hours. This surge in trading highlights the strong interest from major investors, suggesting optimism about ADA's long-term performance.
The Cardano network emphasizes its commitment to peer-reviewed research, ensuring that technological developments are robust and thoroughly tested. As the ecosystem continues to progress, the increase in whales reflects expectations of further price increases.
Forecasts suggest that the value of ADA could sequentially rise to $1.46, $1.76, and possibly reach $2.04. Currently, ADA's trading price is $0.97, having increased by 2.12% over the past seven days and by 38.41% over the past month. This sustained upward trend has attracted investor attention and bolstered market confidence in the Cardano network.
The increase in whale activity highlights the growing interest from institutional investors and strengthens speculation about ADA's price movements. As the ecosystem further develops and investor participation rises, Cardano remains a key cryptocurrency to watch closely.
2.LINK
Chainlink is collaborating with Hedera to integrate its decentralized oracle solutions, aimed at advancing decentralized finance (DeFi) and enabling the tokenization of real-world assets (RWA). This collaboration will incorporate Chainlink's data feeds and proof of reserves into the Hedera ecosystem, providing developers with secure, transparent, and decentralized data infrastructure.
Through this integration, developers on the Hedera network will have access to accurate and tamper-proof market data via Chainlink's data sources. This will enhance the reliability and security of DeFi platforms and applications, especially those focused on asset tokenization.
By providing precise data access, this collaboration aims to support the development of innovative financial products in the decentralized space. At the same time, this announcement triggered significant market activity for Chainlink (LINK).
The current trading price of the token is $27.78, up 22.05%. Chainlink's price is 83.64% higher than its 200-day simple moving average (SMA) of $15.14, indicating good momentum. In the past 30 days, LINK recorded 17 up days, accounting for 57% of that period.
Market indicators further emphasize the strong sentiment towards LINK. The Fear and Greed Index currently stands at 81, indicating extreme greed, while the 14-day Relative Strength Index (RSI) is at 60.54, indicating a neutral trend. These indicators suggest that LINK may experience sideways trading in the short term while maintaining high liquidity due to its large market cap.
3.RENDER
Render (RNDR) currently shows strong bullish momentum, with technical indicators pointing to a potential price breakout. The token has formed a bullish pennant pattern, which typically signals a price increase. RNDR's trading price is approximately $8.48, appearing poised to rise to the $10 level.
Market activity over the past week further corroborates this positive outlook. RNDR rose by 11.90%, while open interest contracts increased significantly, indicating a rise in trading volume and investor participation. Although there is an upward trend, market sentiment remains neutral, with the Fear and Greed Index at 81, reflecting 'extreme greed' in the market.
From a technical perspective, RNDR's performance is also outstanding. The current trading price of the token is 25.78% higher than its 200-day simple moving average (SMA) of $6.72, indicating a strong upward trend. Additionally, RNDR has experienced 15 up days in the past 30 days, accounting for 50% of that period.
As RNDR approaches the critical $10 mark, investors will closely monitor for confirmation of the breakout. While the market remains optimistic, monitoring liquidity, trading patterns, and external market conditions is crucial for gauging RNDR's short-term potential.
