The golden age of the secondary market
Now is the golden age of the secondary market, the easiest time to make money in the entire bull market cycle, with TRX, worth billions, doubling in a day. The market is hot, and it is easy to imagine that those focusing on short-term gains, primary market, shitcoins, and arbitrage should step aside.
The main features of the market include the following:
1. Old coins, issued before the last bull market, with a circulation supply exceeding 50%, even ancient coins like EOS/XLM/NEO are surging, while new coins on Binance have hardly increased.
2. The integration of blockchain with the real world: RWA/DEPIN/DEFI is at the core, with stablecoin sectors MKR/CRV/RSR/TRU collectively surging yesterday, and the DEPIN sector's XYO/IOTA continuing to rise sharply.
3. Coinbase has spot trading, and the XRP trading volume indicates that US capital is leading this round of market movement. We are currently in the first phase of capital accumulation, and there will be a second phase of altcoin rally. The market will likely continue at least until the first quarter of next year, forget about BTC, and cherish this few months of the altcoin golden age.
Layout 3 cryptocurrencies with potential growth of over 10 times in the future!
1. AAVE
The total net deposits of the decentralized finance (DeFi) platform Aave have reached $31.4 billion, marking an important milestone. This figure represents a significant growth of 50% within a month, above $20.9 billion at the beginning of November. This growth highlights increasing interest in Aave's lending services.
In the past 30 days, Aave has gained $10.4 billion in new deposits. The platform's native token AAVE is currently priced at $237.00, reflecting a 5.99% increase in the past 24 hours. Its trading price is well above its 200-day simple moving average (SMA) of $137.90, 71.13% higher than this benchmark, indicating a strong upward trend in its value.
Meanwhile, market sentiment for AAVE remains bullish, with a fear and greed index of 76, indicating strong market confidence. The token has shown a positive trend for 16 days in the past 30 days, suggesting stable performance. Its trading volume to market cap ratio is 0.4084, indicating active trading activity.
Aave's current position reflects its growing influence in the DeFi space. Its increasing deposits, high liquidity, and proactive governance indicate that it is moving steadily forward, with its services continuing to attract user interest.
2. MKR
Maker's appeal in the market continues to grow, with the price surging significantly to $2,229, up 24.71% in the past 24 hours. During the same period, the token's trading volume was $397 million, with a market cap of $1.96 billion, accounting for 0.06% of the entire cryptocurrency market. Its trading price is above its 200-day simple moving average (SMA) of $1,822.44, with a premium of 22.28%.
Market sentiment towards MKR seems optimistic. The fear and greed index measuring investor sentiment shows a score of 76, indicating extreme greed among investors. MKR also has strong liquidity, with a 24-hour trading volume to market cap ratio of 0.3803, with 15 positive trading days last month.
In addition, the annual inflation rate of this token is -3.60%, indicating that the supply is decreasing. Technical indicators show a neutral stance, with a 14-day Relative Strength Index (RSI) of 67.39, suggesting potential sideways fluctuations in the short term.
MKR's forecast indicates that by the end of this year, its trading price could range between $2,152.58 and $3,449.00. If the average price in December reaches $3,005.95, this would represent a 35.60% increase from current levels, and if the forecast holds true, the potential return for investors could reach 55.58%.
3. SOL
Solana has been integrated into the Crypto Life platform, enabling payments at 90 million merchants globally. The Solana platform announced this progress on its X account. This integration highlights Solana's fast transaction processing, low operating costs, and the continuously expanding decentralized financial ecosystem as the main reasons for this move.
Additionally, the platform has integrated with Uquid to launch native USDT trading on Solana, allowing users to purchase various products. This development aligns with Solana's increasing popularity and enhanced infrastructure.
Solana's market performance shows a bullish trend. The current trading price is $224.15, down 1.26% in the past 24 hours, but up 37.67% in the past 30 days. The token is 35.12% above its 200-day simple moving average (SMA) of $166.07, indicating strong upward momentum. Analysts also emphasize its high liquidity relative to market capitalization.
The fear and greed index further supports the sentiment in the blockchain space, currently showing 'extreme greed' at 76, reflecting strong positive sentiment among investors.
