Altcoin market is bottoming out; this is a good opportunity to position in spot here.
In terms of operations, spot has already started to position and increase holdings.
Increasing U-based holdings, waiting for a bull market is a precious quality; waiting for an opportunity to buy the dip or get in will lead to takeoff; I believe the market will not let your patience go unrewarded.
To reiterate, the opportunity to buy in the spot market is when prices are low enough to have sufficient room for upward movement; now that risks have been released, don’t be afraid; just buy and wait for the price to rise.
Still the same saying, no rabbit, no eagle spread.
A pullback in a bull market is the best opportunity for rebalancing, changing positions, and taking a breather; when the market is broadly rising, emotions can run high, leading to FOMO, but when emotions cool down, it gives us the opportunity to think and position ourselves.
I have said many times that Bitcoin is very important, representing whether the overall market is trending up or down; however, Bitcoin is also unimportant when it is determined that Bitcoin will definitely rise after a period of time; what matters is choosing which assets can significantly outperform Bitcoin!
Hot cryptocurrencies to watch: opportunities in January 2025!
Ondo
Ondo recently launched a revolutionary yield management protocol that allows users to choose how they want to manage risks associated with DeFi. By creating more predictable and stable returns, Ondo is bridging the gap between traditional finance and the decentralized world. Ondo's platform enables users to manage their investments more effectively, balancing potential returns with the risks they are willing to take.
Ondo is committed to making DeFi more stable and user-friendly, as evidenced by its growing user base and the increasing adoption of risk management tools. As traditional finance and DeFi continue to merge, Ondo is well-prepared to capitalize on this trend, ensuring its leadership in the DeFi space.
DOGE
Dogecoin is currently valued at $0.31169, up 2.25% over the past day. Its market cap has reached $47.8 billion, growing by 2.26%. However, its 24-hour trading volume has dropped by 7.26%, reaching $1.46 billion.
The trading price of this cryptocurrency is significantly above the 200-day Simple Moving Average (SMA), which is a common benchmark for assessing price trends. Specifically, Dogecoin's price is 44.30% above the 200-day moving average of $0.225961. This indicates a sustained upward momentum compared to historical average prices.
AAVE
Aave facilitates cryptocurrency lending. It recently proposed integrating Chainlink's Smart Value Recovery (SVR) solution. Its aim is to manage liquidation profits and return them to users within the ecosystem. The proposal is currently under community review.
Aave's price is $309.08, with a daily increase of 0.48%. Its market cap is $4.99 billion, growing by 0.82%, and the 24-hour trading volume surged by 12.49% to $540.24 million. The trading price of this token is significantly above the 200-day Simple Moving Average (SMA) of $181.21, with a premium of 83.90%.
In the past month, Aave recorded gains on 16 out of 30 days. Aave's Relative Strength Index (RSI) is 55.63, indicating a neutral current trend, suggesting that prices may experience sideways movement. Analysts predict that by the end of the year, its trading price may range between $339.47 and $344.06, implying a price increase of 4.99%.
