UNDERSTANDING THE CHALLENGES THAT FACES TRADERS DURING BULL RUN

In a bull run, traders face several challenges, despite the potential for rising prices and optimism in the market. Some of these challenges include:

Overconfidence:
Traders may become overconfident during a bull run and take on too much risk, which can lead to significant losses if the market turns.

Market Timing:
It can be difficult to time the market correctly during a bull run, and traders may struggle to determine the right time to enter or exit positions.

Increased Volatility:
Bull markets can be accompanied by increased volatility, which can lead to sharp price swings and make it challenging to manage risk.

Herd Mentality:
During a bull run, there is a risk of herd mentality, where traders follow the crowd and make decisions based on the actions of others rather than their own analysis.

Asset Valuations:
In a bull market, asset valuations can become stretched, making it difficult to find undervalued opportunities.

Complacency:
Traders may become complacent during a bull run and fail to adequately prepare for a potential downturn.
It's important for traders to remain cautious and disciplined during a bull run, and to have a clear strategy for managing risk and protecting their capita

NOTE THIS

THE HIGH RATE OF VOLATILITY IS THE CATALYST THAT CREATES THE POSSIBILITIES OF PROFIT MULTIPLICATION DURING BULL RUN
$SOL

Crypto price prediction:
Arbitrum, Solana, Axie Infinity

Arbitrum (ARB) price shows signs of further gains as analyst suggests next hurdle is at $2.

Meanwhile, Solana and Axie Infinity are poised at key support levels after recent spikes.

Away from Bitcoin and Ethereum, three cryptocurrencies trending today are Arbitrum (ARB), Solana (SOL) and Axie Infinity (AXS). Here’s how the altcoins are poised as the broader crypto market eyes a positive start to 2024.

Arbitrum (ARB) price outlook

The price of Arbitrum, a rollup chain for scaling Ethereum, has surged more than 11% in the past 24 hours. ARB stands out as one of the top performing coins in the past week with 35% upside, with this coming as Arbitrum bounced from a brief network outage. It currently trades near $1.54, having tested the $1.66 high on Thursday. According to data from CoinGecko, Arbitrum’s current price level sees it just 8% off its all-time high.

With sentiment positive, ARB/USD could target the $2 mark to strengthen the anticipated bullish move in 2024.

Solana price risks dip to or below $100

Solana has dumped more than 8% in the past 24 hours to see it trade towards the critical level of $100. Currently, SOL price is at $102, with weekly gains cut to just 17%. Trading volume is down 12% as of writing, while ecosystem tokens such as Bonk are also dumping hard.

While SOL could still rebound to recent highs amid the crypto bull market, there’s potential for a bearish flip below the highlighted psychological level. However, the market remains largely bullish on the altcoin.

Axie Infinity seeks bullish flip

Axie Infinity (AXS) has not had a terrific year, with its token lagging top altcoin performers over the past twelve months. However, AXS has pumped more than 170% since mid-October, including a significant 40% spike in the past 30 days.

News related to the Axie Infinity gaming ecosystem, in particular the long awaited Axie Part Evolution. It’s an ecosystem bump that could see Axies’ value rise with a broader impact for the AXS price.
$ARB $SOL $AXS

AXS Price Prediction: Will Bulls Succeed In Maintaining Above $8?

AXS price showed a rejection from the top and retested the channel lows of $7 in the recent sessions. However, buyers succeeded in holding the gains, leading a smart recovery, and noted a hammer candlestick on the 50-Day EMA support zone. At present, AXS price is near the channel’s mid and is waiting for a follow-on buying momentum to carry forward the gains. Besides that, the Axie Infinity token has ended the correction and noted a recovery during the crypto market pump.

AXS price is trading close to the 20-Day EMA and is inside the rising parallel channel for the past sessions. However, the trend is intact, and buyers are eyeing to surpass the immediate hurdle of $10. Recently, profit booking was witnessed, and sellers have persisted in adding short positions, which led AXS price toward the 50-Day EMA zone.

At press time, Axie Infinity AXS) was trading at $8.16 with an intraday gain of 5.63%, showing a pullback and exhibiting neutrality. Moreover, the trading volume jumped by 19.80% to $63.69 Million, highlighting mixed sentiments. The pair of AXS/BTC was noted at 0.000184 BTC, while the market cap is $499.47 Million. Analysts have maintained a neutral rating and suggest that the AXS price will surpass $10 soon.

AXS on Daily Chart Displays Higher Highs

On the daily charts, AXS price showcased a sharp rejection from the supply zone of $11 and has retested the 50-day EMA mark near the channel lows. However, the trend is strong, and buyers are willing to surpass the immediate swing barrier of $9 to resume the fireworks.
#AXSBoom #XAI #AXSRising $BTC $SOL $AXS

5 Most Promising Shitcoins to Buy in 2024 for 500% Gains

As the year draws to a close, the cryptocurrency market is witnessing a fascinating interplay of optimism and strategic trading. Bitcoin, the flagship cryptocurrency, has recently breached the $44,000 mark, fueled by traders’ anticipation of a bitcoin spot exchange-traded fund (ETF) expected to hit the market in 2024. This optimism isn’t unfounded; Bitcoin has seen a substantial gain of over 63% since mid-October, indicating a robust recovery and renewed investor confidence.

As the market expands, niche altcoins are carving out their own space, offering unique features and fostering dedicated communities. Notably, Shiba Inu (SHIB), Bonk (BONK), Apecoin (APE), Floki Inu (FLOKI), Samoyedcoin (SAMO), and ScapesMania are emerging as five of the most promising altcoins for potential gains in 2024. These tokens, often referred to as “shitcoins,” are gaining traction, not just for their novelty but also for their potential to deliver substantial returns.

5 Most Promising Shitcoins

ScapesMania: Innovative with a gaming focus and strong security, poised for growth.

Shiba Inu (SHIB): Bullish but market-dependent, showcasing dynamic behavior.

Bonk (BONK): Attracting attention with major exchange support but facing skepticism.

Apecoin (APE): At a pivotal price point with high rally potential, yet market-sensitive.

Floki Inu (FLOKI): Consolidating with a chance for breakout or downturn.

Samoyedcoin (SAMO): Hype-driven with unique positioning, challenged by lack of utility.
#BONKCoinGrowth $BTC $SHIB

How will you feel if #bake hits $1 this week 🔥🔥🔥🔥#BTC $BTC $BAKE #BONK

Bake has really shown great improvement lately 💯#bake $BTC $BAKE #BAKE/USDT #bakeprice