Last night Bitcoin fell, but altcoins didn't follow. Looking back at this round of market, it is found that altcoins as a whole didn't rise much; more of them had two peaks and then ended after a small rally. ETH has never broken new highs, and Bitcoin has been leading the way on its own.
The reason for this trend, in my opinion, is mainly because BTC and the current crypto market are still divided into two types of markets. Since the approval of the ETF, the liquidity and funds brought by BTC cannot spill over to other tokens. Apart from Bitcoin, which seems to be prosperous, the altcoins behind it still appear poor, which leads to why Bitcoin can consolidate at high levels while altcoins are flooding. Bitcoin reaches new highs repeatedly, while altcoins continue to flood.
It can be said that this round is Bitcoin's solo performance, or rather, the bull we expect hasn't really come yet. Currently, many altcoins are actually waiting for ETH's movements. Perhaps when ETH starts to break out, the bull we anticipate will truly arrive.
The bull market is about to take off! Three mainstream coins that may rise 20-100 times, worth laying out!
AAVE
I recommended everyone to buy this coin at 165, and I am still holding long-term. The current surge is because, as we mentioned before, its TVL funds have far exceeded the peak of the last bull market, while its price is still in the 300s, far below the last bull market's 670, indicating it is undervalued.
The Trump family's WLFI has also increased its position in AAVE, which we have analyzed specifically, so I am not surprised by its rise. However, what I want to say today is that its short-term increase seems to be about done, having reached the previous high of 390 today! Currently, it is in a state of doubling the principal!
Now various coins have plummeted significantly, yet AAVE is about to challenge this year's previous highs. The overall environment feels a bit off, but AAVE is surprisingly strong~ I believe reaching 800 in the long term is not a problem!
SUI
SUI, as a leading project in the MOVE ecosystem, has a prestigious background (meta background) and belongs to an American project with strong capital support. In terms of public chain technology, SUI is hailed as the fastest public chain currently available.
As the infrastructure of the web3 industry, the performance and capacity of public chains are crucial for future development. Looking at the iterative history of public chains, SUI is likely to become a representative of the fourth generation of public chains.
Although SUI has shown good performance, its ecological activity still needs improvement. Currently, Tether has not issued USDT on SUI, which means liquidity needs to be further strengthened. However, this also indicates that SUI has huge room for growth. Investors can pay attention to quality ecological projects on SUI, such as navx, cetus, blue, etc., to explore potential investment opportunities.
Regarding investment strategy, I recommend adding SUI to the purchase list and avoiding blind chasing of highs. You can use a pyramid buying method, gradually buying in during pullbacks to reduce risk and increase investment returns. In short, SUI is a potential coin worth paying attention to.
DOGE
Investing in DOGE is the wisest choice; every participant in the cryptocurrency market should not miss this opportunity. DOGE has far surpassed the scope of Dogecoin; it has become a disruptive force in the crypto space, symbolizing a challenge to traditional markets. Initially, it was insignificant and even seen as a joke, but today's surge has allowed early investors to enjoy financial freedom.
Although some people see DOGE as just a meme, it actually contains a solid value foundation. Speaking of Elon Musk, this 'genius madman' is the driving force behind DOGE's rise to the global stage; his support has injected endless vitality into DOGE. I believe Dogecoin will eventually reach new highs. When Musk takes office as Dogecoin Minister in January, there will definitely be another wave of hype, and there is certainly still room above!
