The best part is just beginning. Everyone is so pessimistic mainly because of the unsatisfactory performance of altcoins. As long as you don’t leave the table, you will definitely be able to get a 10x coin by 2025 if you are patient.
From the news perspective, the first wave of large-scale increases from 30,000 to over 60,000 was mainly benefited from BlackRock's Bitcoin spot ETF listing.
The second wave of doubling from over 50,000 to just over 100,000 is mainly benefitting from the FOMO market generated by Trump's campaign victory.
So what news could trigger a doubling of Bitcoin in the third wave?
I believe it is inevitable that the United States will adopt Bitcoin as a national reserve, which will trigger a third wave of rapid price surges for Bitcoin.
Whether it's BlackRock or MicroStrategy, the reason they continue to buy without considering costs is that from a top-down perspective, the game has just begun, and there is a consensus among certain interest groups that we ordinary people cannot glimpse, but we only need to know from their actions that the game has just begun.
Let me give you an analogous example. Friends who have traded gold should know that after gold prices peaked in 1980, they remained in a volatile downward trend for more than 20 years, with little price fluctuation.
Since BlackRock's listing of the gold spot ETF in 2003, the price of gold has increased nearly tenfold this year, rising for 20 years. This is the power of the United States. The performance of American power in cryptocurrency has just begun.
We still have a long way to go. In the coming years, my investment focus in cryptocurrency will still be mainly on Bitcoin and the previously mentioned compliant tokens in the United States.
Bottom-fishing for 3 altcoins that could increase tenfold in the future!
1. MKR
Maker (MKR) is expected to break through the descending trend line, thus showing strong momentum. This growing confidence is supported by on-chain analysis and technical indicators, both indicating a positive outlook for the token.
The current price of Maker is $1,492.94, having risen 3.82% in the past 24 hours, making it one of the best-performing cryptocurrencies of the day. The price chart shows a double bottom pattern, a well-known bullish reversal indicator. If the price breaks the neckline, it may confirm a trend change and pave the way for further gains.
Since November, MKR has been under bearish pressure, but recent trends suggest a more optimistic situation. Although the current price sentiment remains bearish, the fear and greed index is still at 69 (greed), reflecting increased trading volume and growing optimism.
Technical indicators also support this positive outlook. The Moving Average Convergence Divergence (MACD) shows an upward green histogram, indicating increasing buying pressure. The simple moving average (SMA) on the daily chart also indicates strong upward momentum. If this bullish trend continues, MKR may test the resistance level of $1,508 over the weekend. However, if the market reverses, the token may fall to its critical support level of $1,421.
2. LDO
Lido DAO is a decentralized organization that provides tools for staking across various blockchain networks. Its main product is a liquid staking solution for Ethereum, allowing users to stake ETH while still using their funds. When users stake ETH through Lido, they receive stETH tokens representing their staked ETH and staking rewards.
Currently, the price of Lido DAO token (LDO) is $1.66, with a 24-hour trading volume of $212.67 million and a market capitalization of $1.47 billion. The price has dropped 3.73% in the past day. The trading price of the token is slightly above its 200-day simple moving average (SMA) of $1.62, indicating relative stability. Over the past month, the token has experienced 17 positive trading days, accounting for 57% of that period.
The trading volume to market cap ratio is 0.1438, indicating decent liquidity for the project. Its 14-day Relative Strength Index (RSI) is 34.86, in the neutral zone, suggesting that prices may continue to consolidate sideways without strong upward or downward trends in the short term.
3. SUI
Sui aims to support widespread adoption by providing developers with a secure and scalable environment. It introduces an object-oriented data model and uses the Move programming language to address common inefficiencies in existing blockchains. These features are designed to make the platform efficient and user-friendly.
Recently, the total locked value (TVL) in Sui's DeFi ecosystem reached $2 billion, reflecting increasing confidence in its applications. The platform's native token SUI reached an all-time high price of $5.35, indicating strong market interest. The measure of active investment with open contracts has climbed to $1.47 billion, showing increasing liquidity and participation.
Additionally, the trading price of SUI is 74.19% higher than its 200-day simple moving average (SMA) of $2.63, demonstrating long-term strength. Compared to the initial token sale price, its performance is also good. With solid market capitalization, its liquidity remains high.
The fear and greed index for SUI is 69 (greed), indicating positive market sentiment. The token's 14-day Relative Strength Index (RSI) is 55.90, which is neutral. This suggests that the price is neither overbought nor oversold, and a sideways trend may continue. These indicators reflect a balanced market position with no significant extremes.
