The interest rate decision resulted in a 25 basis point cut, but the market plummeted. Normally, after a rate cut, the trend is up, but a statement from Powell has led to the current situation. The liquidation line for long positions in contracts is most concentrated in the $98,000 - $104,000 range, with the price of Bitcoin directly reaching $98,500.
The significant drop in prices reveals the market's explicit information that the anticipated four rate cuts in 2025 are now expected to be reduced to two cuts next year. The Federal Reserve Chair stated: 'We are not allowed to have Bitcoin, nor do we wish to change the law.' However, it should be understood that market policy is not solely dictated by their statements; they also need to look at the data. Words can be spoken freely, but policies cannot be made arbitrarily; they must be based on data. Ultimately, how the rate cuts will unfold next year depends on various data points. What I want to say is that the bull market has just begun; Bitcoin is on track to reach $150,000, ETH to $8,000, Doge to $1, and Pepe to 5 times its value. This upward process will wash countless people out of the market; apart from allocation and waiting, there is really nothing we can do. This wealth will truly come to those who are persistent.
Let's take a look at three altcoins that could potentially increase 100 times in the future! 1.ADA
Whale activity on Cardano has significantly increased, indicating a revival of investor confidence. Recent data shows that large holders have accumulated 80 million ADA tokens in the past 48 hours, worth approximately $85.6 million. This surge in trading highlights the strong interest from major investors, suggesting that there is optimism about ADA's long-term performance.
The Cardano network emphasizes its commitment to peer-reviewed research, ensuring that technological developments are robust and thoroughly tested. As the ecosystem continues to progress, the increase in whale numbers reflects expectations for further price increases.
Predictions suggest that the value of ADA may sequentially rise to $1.46, $1.76, and potentially reach $2.04. Currently, ADA's trading price is $0.97, with an increase of 2.12% over the past seven days and 38.41% over the past month. This sustained upward trend has captured the attention of investors and bolstered confidence in the Cardano network.
The increase in whale activity highlights the growing interest of institutional investors and strengthens speculation about ADA's price trend. As the ecosystem further develops and investor participation increases, Cardano remains a key cryptocurrency to watch.
2.LINK
Chainlink is collaborating with Hedera to integrate its decentralized oracle solution, aiming to advance the development of decentralized finance (DeFi) and enable the tokenization of real-world assets (RWA). This collaboration will incorporate Chainlink's data feeds and proof of reserves into the Hedera ecosystem, providing developers with a secure, transparent, and decentralized data infrastructure.
Through this integration, developers on the Hedera network will gain access to accurate and tamper-proof market data via Chainlink's data sources. This will enhance the reliability and security of DeFi platforms and applications, especially those focused on asset tokenization.
By providing precise data access, this collaboration aims to support the development of innovative financial products in the decentralized space. At the same time, the announcement has triggered significant market activity for Chainlink (LINK).
The current trading price of the token is $27.78, up 22.05%. Chainlink's price is 83.64% higher than its 200-day Simple Moving Average (SMA) of $15.14, indicating good momentum. In the past 30 days, LINK recorded 17 up days, accounting for 57% of that period.
Market indicators further highlight the strong sentiment towards LINK. The Fear and Greed Index is currently at 81, indicating extreme greed, while the 14-day Relative Strength Index (RSI) is at 60.54, suggesting a neutral trend. These indicators imply that LINK may experience sideways trading in the short term while maintaining high liquidity due to its large market capitalization.
3.RENDER
Render (RNDR) currently shows strong bullish momentum, with technical indicators pointing to a potential price breakout. The token has formed a bullish pennant pattern, which typically signals a price increase. RNDR's trading price is around $8.48, and it seems poised to rise to the $10 level.
Market activity over the past week further confirms this positive outlook. RNDR rose 11.90%, while open interest increased significantly, indicating a rise in trading volume and investor participation. Despite the upward trend, market sentiment remains neutral, with the Fear and Greed Index at 81, reflecting 'extreme greed' in the market.
From a technical perspective, RNDR's performance is also outstanding. The current trading price of the token is 25.78% higher than its 200-day Simple Moving Average (SMA) of $6.72, indicating a strong upward trend. Additionally, RNDR has experienced 15 up days in the past 30 days, accounting for 50% of that period.
As RNDR approaches the critical $10 threshold, investors will closely monitor for confirmation of a breakout. While market sentiment remains optimistic, monitoring liquidity, trading patterns, and external market conditions is crucial for assessing RNDR's short-term potential.
