December may be the last chance for EHT and altcoins to board the train.
Against the backdrop of volatile BTC and dim SOL, blue-chip stocks in the ETH camp such as UNI, AAVE, MKR, LINK, and CRV soared together yesterday, becoming the focal point we have continuously favored in recent weeks.
BTC.D continues to decline, a phenomenon that has been extremely rare over the past two years and is unlikely to return to November's glorious high of 61%, indicating a trend shift.
The rapid rise of ETH in November has attracted many follow-up investors. If the market enters a correction phase in December, this may be the last chance to seize the potential of ETH's upward movement. By January next year, ETH's performance may be eye-catching.
Buying these cryptocurrencies in 2024 could yield 100 times returns!
1.ENS
Recently, the price of Ethereum Name Service (#ENS) has significantly risen, which may indicate an important trend in the market. On January 3, 2024, Ethereum co-founder Vitalik Buterin emphasized the key role of ENS for Ethereum users, especially those on layer two (#L2) networks, on the X platform. He advocates for the accelerated integration of ENS functionality within L2 networks to optimize user experience and strengthen Ethereum's scalability.
Given the close connection between ENS and Ethereum, if this upward momentum can be maintained, projects closely related to Ethereum's layer two networks are expected to experience another wave of growth with the continued expansion of the L2 ecosystem.
2.Jasmy
JasmyCoin (JASMY) is showing significant upward momentum, clearly reflected in its latest chart trends. Observing the daily chart, a bullish triangular flag pattern has been broken, indicating a possible price rebound in the future. Currently, although the price has experienced some degree of correction, this is a common phenomenon after such breakouts, usually attributed to traders taking profits and natural market adjustments. JASMY is currently trading at $0.031 and remains stable near the support area of $0.02403. The Bollinger Bands indicator shows reduced volatility, which may indicate that the market is accumulating strength near this price level.
The next important resistance level is at $0.035. Once breached, it could lay the foundation for a subsequent upward trend. However, if the price falls below $0.02072, it may trigger a wave of bearish pressure, leading to further declines to $0.01600.
Recently, the listing of JasmyCoin on the Upbit trading platform has significantly enhanced its market visibility, attracting the attention of many traders. Upbit is known for its high liquidity and user-friendly features, and this listing undoubtedly marks an important milestone in the development of JasmyCoin. It is worth noting that institutional investors' interest in JASMY has surged by 180%, involving funds exceeding $225 million, while open contracts have increased by 4.38%. These data indicate that investors are increasingly confident in the growth potential of JASMY.
Additionally, JasmyCoin stands out for its commitment to empowering individuals with control over their personal data. Businesses can benefit from secure data management solutions based on blockchain technology. This dual focus on personal privacy and data security makes JasmyCoin a leader in privacy-driven technology, meeting the growing urgent demand for secure systems in the Internet of Things (IoT) field.
3.VET
VeChain (VET), as a pioneer blockchain network in environmental sustainability and asset tokenization, is stirring up a wave. Since its inception in 2015, VeChain has been committed to using blockchain technology to drive industry innovation. Recently, the price of VeChain has soared by 129.82% in just a few weeks, reigniting the market's attention and enthusiasm for it, which was once regarded as a 'senior' cryptocurrency. This outstanding performance not only demonstrates VeChain's strong resilience in the highly competitive blockchain field but also highlights its increasing market relevance.
Market analysts generally hold an optimistic view of VeChain's future prospects. Noted market observer Schofield pointed out that VeChain has successfully broken through a key trend line, indicating a potential increase of up to 20% in the coming days. Currently, the relative strength index (RSI) remains at a high level of 63, further corroborating the strong bullish trend in the market. Meanwhile, the fear and greed index has reached 80, showing extreme optimism among investors.
VeChain's price prediction is equally exciting. The authoritative data platform Coincodex predicts that by March 2025, VET is expected to rise to $0.1, with a potential return of up to 293%. This means that if investors invest $1,000 today, it is expected to grow to $2,691 within two years, yielding substantial profits.
In addition to significant changes in price, VeChain's influence in the real world is also noteworthy. The network's collaboration with Renji Hospital has brought disruptive changes to the field of reproductive health through blockchain technology. Meanwhile, VeSwap is continuously expanding new opportunities in the Web3 ecosystem. The strategic alliances of VeChain with multinational giants like Walmart China and BMW further highlight its key role in enhancing supply chain transparency, especially in the realm of real-world assets (RWA), showcasing its unique value and influence.
4.XRP
The XRP price has strongly broken through the $2 mark, refreshing its highest point since 2018, and its market capitalization has surged past $100 billion. This surge may be closely related to Ripple's upcoming stablecoin RLUSD, which is expected to finalize its regulatory approval on December 4. Ripple is committed to complying with U.S. laws and regulations, striving to issue RLUSD in a compliant manner. The launch of the stablecoin is expected to strengthen XRP's position in financial transactions, and its broader application may stimulate greater market demand for XRP, thereby driving its price further up. The deep integration of Ripple with traditional finance may further amplify this effect through the stablecoin.
From a technical perspective, XRP shows positive short-term, medium-term, and long-term trends. Moving average data reveals potential strong signals, as the token's current trading price is approximately 248% higher than its 200-day simple moving average of $0.69. As of now, XRP is quoted at $2.39, with a 24-hour growth rate of up to 25.57%, approaching the recent high of $2.49. Additionally, the 24-hour trading volume to market cap ratio is 0.3888, demonstrating high market liquidity.
It is worth mentioning that Ripple has teamed up with Archax and abrdn to launch the first tokenized currency market fund on the XRP ledger. With the expectation that the scale of tokenized assets will reach $16 trillion by the 2030s, this initiative aims to enhance cost efficiency and optimize settlement processes, bringing new development opportunities to the market.
5.DOGE
Dogecoin (Dogecoin), under the strong endorsement of Elon Musk, is gradually establishing its position as one of the payment currencies. As the first MEME coin, it holds a status in the cryptocurrency field comparable to Bitcoin's dominance in the MEME coin realm.
If you have not yet ventured into investing in Dogecoin, the current correction phase is undoubtedly a good opportunity to position yourself!
Once Dogecoin successfully crosses the $0.5 price threshold, it signifies that it has entered a new chapter of the 'bull market.' More importantly, Trump's inauguration might add fuel to the fire for Dogecoin, helping it steadily approach the $1 target.
