As we enter January 2025, the correction cycle of Ethereum and its related altcoins should be coming to an end, and we are about to enter the sprint phase of this bull market.
From Trump's election to December 16 this year, the market showed an upward trend for nearly one and a half months, with an increase of about 75%. But since then, the market has entered a correction phase. In less than half a month, if the extreme market conditions are taken into account, the correction has reached 22%. This kind of correction is a typical mid-term adjustment in a bull market. In the process of bull market pull-up, whether it is ETH or altcoins, similar correction cycles will almost appear. Taking the correction from January 12 to 25, 2024 as an example, the correction at that time was about 20%, the time period was similar to the current one, and the two were in the same market stage, after which the market ushered in an accelerated rise.
After this half month of washout and震仓 operations, ETH's trading volume has dropped to the lowest level since Trump was elected. Personally, I believe this round of washout operations is about to come to an end, unless there are new significant variables; otherwise, I will continue to hold this view.
Bull markets will bring 10-100 times surges in four major cryptocurrencies! Worth buying the dip!
AAVE
In this coin group, I advised everyone to buy in at a price of 165, and I am still holding long. The reason it has surged now is, as we analyzed before, its TVL has far exceeded the peak of the previous bull market. However, its current coin price is just over 300, which is significantly lower than the previous bull market's 670, clearly indicating that it is undervalued.
The Trump family's WLFI has also increased its holdings in AAVE, which we have analyzed in depth, so I am not surprised by its rise. However, today I want to say that, in the short term, its upward trend has probably reached a peak, as it has already risen to the previous high of 390! The current situation is that it has doubled, and one might consider taking out the principal!
Despite the current unfavorable macro environment, AAVE's performance is surprisingly strong! From a long-term perspective, I believe it will definitely rise to 800!
SUI
As a standout project in the MOVE system, SUI has a strong background (originating from meta), belongs to the US-based projects, and is supported by strong capital. In the field of public chain technology, SUI is currently the fastest public chain, unmatched by anyone.
Public chains are the infrastructure of the web3 industry, and their performance and capacity play a key role in the future development of the industry. Looking back at the iterative process of public chains, SUI is very likely to become a leading representative among the fourth generation of public chains.
Although SUI has performed well so far, its ecological activity still has room for improvement. Currently, Tether has not issued USDT on SUI, indicating that its liquidity still needs to be enhanced. However, this also means that SUI has tremendous development potential.
DOGE
Fluctuations occurring within this range represent a healthy market trend. The last time Dogecoin erupted, it attracted a large influx of new funds, which need some time to digest.
From another perspective, this is actually about clearing out those holders who are not steadfast in their positions, and the method of washing out involves closely following the market trend and continuously undergoing wide fluctuations. The volatility of Dogecoin is much larger compared to BTC and ETH, which is a characteristic of small alt MEME coins and hard to avoid.
The rise and fall of Dogecoin is closely related to Musk; often, a single message from him marks the starting point of its fluctuations, which accounts for a significant part of Musk's wealth accumulation. We should trust Musk's vision, after all, he just helped Trump get elected as President of the United States. Moreover, the robotics sector indeed represents a new aspiration of humanity for future life, so the goal of Dogecoin breaking $1 is expected to be achieved soon.
ACT
ACT has officially reached a strategic partnership with GNON, and both parties are committed to promoting the prosperous development of GNON EchoChambers, planning to integrate GNON's technology stack into the upcoming ACT projects and applications.
Specifically, ACT's partners and beneficiaries will integrate into EchoChambers. At the same time, GNON will provide development support for ACT's future projects, along with its advanced technology stack. The future development prospects of GNON are very promising. Currently, the market situation for ACT is still suitable for building positions, and choosing spot trading is more appropriate. Target price can look towards 0.4 and higher.
ACT has shown aggressive performance during the washout phase, and with the heat of the AI sector, its price still has room for growth. Generally, once on-chain chips are listed on exchanges, they are usually sold off, leading to a significant cost gap for remaining chips, possibly reaching 10 times or even 100 times. However, there is no need to worry; once the meme sector shows an upward trend, its increase will be very fast.
