The current situation of Bitcoin is that although it has not dropped sharply, it has not stabilized completely and is slowly sliding down. The good news is that people are not as panicked now, and there are fewer sellers. However, caution is still needed; if Bitcoin suddenly drops sharply, those altcoins may face trouble as well. Of course, this is just my personal opinion; when it comes to investing, you have to make your own decisions.
I estimate that Bitcoin may fluctuate between 94,000 and 98,000. It seems that people are not as afraid now; if Bitcoin really drops below 90,000, that could be a good opportunity to build positions. Generally, sharp declines in a bull market last about 7 to 11 days, and looking at it now, the time is about right.
Speaking of $BNB, it may fluctuate between 650 and 700. The rebound is quite strong, which may be related to Zhao's frequent activity on Twitter. A new Launchpool project has just been announced, and if a loyalty airdrop reward is issued during the Christmas days, BNB might just rise!
As for the second-largest $ETH, it is also fluctuating between 3,200 and 3,500, similar to Bitcoin, and is slowly sliding down. However, the possibility of a significant drop should be low now.
Back to today's daily $BTC market analysis, from the K-line perspective, the 1-hour level is about to decline, the 4-hour level is weak, the 12-hour level is down, and the daily level is down, with an intraday resistance level of 96,500 and a support level of 91,000 USD.
These 4 altcoins are expected to explode 100 times in a bull market!
STMX
StormX (STMX) currently has a market cap of $72.98 million, ranking 544th, with a 24-hour trading volume of $36.74 million, indicating relatively high liquidity. The price of STMX is approximately $0.00607, having risen by 5.02% in the past day. From the chart, STMX has shown significant price volatility in the past 24 hours, with a fluctuation range of about $0.0055 to $0.0060. In the past 30 days, there have been 17 days of price increases, indicating that the probability of the closing price being higher than the opening price is over half.
The total supply of STMX is 12.5 billion tokens, with a fixed maximum supply cap, which may affect its market dynamics. The trading volume to market capitalization ratio is 50.4%, further highlighting the liquidity of this token. STMX shows a slight upward trend in the short term, and overall market performance indicates a relatively high level of investor interest and trading activity. For traders looking to buy and sell without significantly impacting the price, StormX is undoubtedly an asset worth paying attention to.
XMR
Unlike other altcoins, XMR, as a representative of privacy coins, stands out in the market with its unique encryption technology. Monero not only provides strong privacy protection but also ensures the anonymity of transactions. Recently, Monero has performed well, with frequent price fluctuations, but overall shows an upward trend.
Currently, the price of Monero is approximately $188.76, about 18.65% higher than its 200-day simple moving average. Over the past month, Monero has increased by 21.72%, a significant growth trend, indicating strong market demand for privacy coins. It is expected that Monero's price may reach $194.63 by January 2025, continuing its steady upward trajectory.
IOTA
After the community approved its Rebased protocol upgrade, IOTA has seen significant improvements in its technology and tokenomics. The current price of IOTA is $0.31, with a market cap of $1.08 billion, and the price has risen by 9.94%. The Rebased upgrade has increased transaction speed and network capacity, which is very useful for applications that require high throughput and low latency. The IOTA community strongly supports this upgrade, with a approval rate of 98.37%, laying the foundation for IOTA's future applications and value growth. With the upgrade of this protocol, IOTA is expected to gain a larger market share in the Internet of Things sector.
GALA
Gala is a gem in the Web3 ecosystem, positioned as a Layer-1 application aimed at empowering the gaming industry, with the goal of becoming a billion-level application in the blockchain world. Although its price performance has not been good in recent days, the long-term outlook for Gala's price trend remains very strong. It is expected to welcome a season of altcoins in 2025, and Gala may retest its major resistance level of $0.30, making it a project with significant future potential, even possibly increasing by 8 times.
