The double holiday market coincides with the weekend, leading to low liquidity. Without market makers, BTC remains stable at $95,000, with strong support at $93,000 and $94,000, especially with increased buying interest at $94,000.
Market sentiment remains okay; it's neither rising nor falling, a garbage time. Tomorrow is Monday, and we will observe the sentiment of the Americans, but in two days, it will be New Year's Day. By early January, after Wall Street returns from the double holiday, the full return of the main forces will be a turning point for the market. Let's enjoy the New Year during this garbage time; we can look forward to Q1 2025.
As for altcoins, it’s even more of a garbage time, with many altcoins being as weak as mud. However, AI-related projects are still somewhat interesting. In this bull market, the AI sector may be one of the hot areas to speculate on. What will the new track be, similar to the 'DEFI summer' of 2020? AI + Depin, RWA, BTCFI, or something else? Let's look forward to it; this is a new opportunity for growth and wealth.
Despite the hawkish remarks from old Powell some time ago, Trump is about to take office, and discussions about Bitcoin as a strategic reserve are still generating buzz. Market sentiment has shifted, and in early January next year, FTX will repay $16 billion, completing the repayment within 60 days. This $16 billion is also a significant boon for the crypto sphere, and on January 20, the new administration will fully take over, possibly ushering in an unprecedented super bull market.
Currently, there is a lack of catalysts in the altcoin space, still operating under a significant downtrend. However, the overall trend remains; as long as the cycle is not over, we can hold onto our chips and patiently await the arrival of the main upward wave in Q1 2025!
In summary, we are far from reaching the peak of the cycle; a lot of capital and plans have already been set up in advance. The script for the rise has long been designed, just waiting for specific conditions to trigger it, so there is no need to panic. What we need to do is hold onto our chips and wait for the main upward wave to arrive!
Four altcoins are expected to surge tenfold in a bull market!
1, SOL
The Solana network has made significant progress in the cryptocurrency space, and the proposed VolatilityShares Solana Futures ETF adds another milestone to its development. This ETF aims to provide investment access to Solana futures while offering 1x, 2x, and -1x leverage options.
Solana's market performance is impressive. Its current price is about $197, with a market cap of $94.3 billion, making it the sixth-largest cryptocurrency globally. In the past 24 hours, the trading volume reached $2.33 billion, with a trading volume to market cap ratio of 2.46%.
Over the past year, Solana's price has grown an astonishing 71%, outperforming 64% of the top 100 cryptocurrencies. Its trading price is 5.76% higher than its 200-day simple moving average (SMA) of $176.24. This consistent trading above key technical indicators highlights the strong upward momentum of Solana. Additionally, its high liquidity relative to market cap indicates strong investor confidence and growing institutional interest.
2, OP
Optimism (OP) will undergo a major network upgrade and hard fork on January 10, 2025, at 2:00 (UTC+8). This upgrade aims to enhance the scalability, performance, and user experience of the Optimism network. Due to changes that are incompatible with older software versions, all network participants must update their systems to continue operating.
The trading price of Optimism (OP) is $1.885, having increased by 1.94% in the past 24 hours. Its market cap is $2.54 billion, with a 24-hour trading volume of $178 million. OP's total supply and maximum supply are 4.29 billion, with 1.35 billion in circulation.
Although price prediction sentiment remains bearish, the Fear and Greed Index shows a score of 72 (greed), indicating an overall optimism in the cryptocurrency market. Optimism has seen 15 green days in the past month, suggesting robust liquidity and market activity ahead of upgrades.
3, AR
Arweave (AR) is a decentralized storage network that provides permanent data storage. It supports the permaweb, a decentralized permanent network that hosts various community-driven applications and platforms.
Currently, the price of Arweave is $16.92, with a market cap of $1.11 billion, ranking 92nd among cryptocurrencies. In the past 24 hours, its price has increased by 2.23%, with a 24-hour trading volume of $65.04 million. The total circulating supply of the network is 6.565 million AR, close to its maximum supply of 6.6 million AR.
The price of Arweave has skyrocketed by 66% over the past year, outperforming 62% of the top 100 cryptocurrencies. Its positive performance relative to its token sale price and high liquidity highlight its growing adoption and stability in the crypto market.
Arweave is one of the top 100 cryptocurrencies by market capitalization. As such, it continues to receive attention for its innovative approach to decentralized storage and data permanence, making it a noteworthy player in the blockchain space.
4, SEI
Sei is currently valued at $0.4265, with a price increase of about 4.45%. Market sentiment appears bearish, but the Fear and Greed Index shows a score of 72, indicating a greedy atmosphere among investors. The 24-hour trading volume to market cap ratio of this token is 0.0696, suggesting decent liquidity based on its overall market cap.
The token's 14-day Relative Strength Index (RSI) is 48.79, indicating a neutral zone. This suggests that the token may consolidate in the short term without strong momentum. A positive sign is that Sei remains above its 200-day moving average, which is typically seen as a sign of ongoing upward pressure and potential future growth.
If Sei maintains its support level, potential price targets in the short term include $0.465, $0.540, $0.645, and $0.725. If the bullish structure continues, these levels represent achievable milestones. Despite the risks still present, the current pattern suggests cautious optimism.