Good news, brothers, Ethereum has risen! It surged over 300 yesterday, with an increase of over 10%.
Overnight, BTC continued to advance, briefly surpassing 98k, reaching a high of 98.9k. 99k feels like a thin layer of window paper, easily pierced. If 99k breaks, $100k will be just around the corner.
As Bitcoin is about to hit $100,000, Ethereum, which has been silent for a long time, also saw a strong rally last night, rising 7.5% within three hours, reaching a high of $3,386 earlier. ETH breaking 3300 supports the crypto market's backbone, and altcoins finally surged.
Ether rises, all coins soar!
The crypto market is indeed a magical place. One second you are pondering why Bitcoin is approaching six figures while Ethereum is still at 3000, the next second it surges, breaking through the week's consolidation range with a strong green bar, reaching above 3300. Bitcoin consistently leads the way with a 5% increase.
Ethereum rises, altcoins continue to rise; Bitcoin rises, altcoins keep falling. What does this indicate? It indicates that BTC's rise is unrelated to the funds within the circle, it is driven by institutions, and institutional funds will not spill into altcoins. The rise of ETH is the real driving force behind the funds in the circle, which can lead to the explosion of altcoins!
Ethereum's resurgence drives Layer 2 to soar, with OP becoming the trend indicator.
As ETH aims to become a global computer, Layer 2's responsibility is to support the prosperity of the ETH ecosystem with high TPS and low GAS. Its importance and value are self-evident.
At the same time, Layer 2 is the highest market cap sector in the ETH ecosystem. Most projects are also typical of recently criticized low liquidity, high FDV institutional coins. ARB, OP, and STRK, as three of the four kings, all have FDVs exceeding $10 billion.
The Layer 2 track has also risen in response to this, with OP showing the highest increase in nearly 24 hours, up over 20%. The fluctuations of OP indeed have the significance of being a trend indicator for Ethereum's altcoins, with Arbitrum also seeing about a 12% increase.
From a technical perspective, Ethereum's daily chart is less than 24 hours away from completing a 'golden cross,' a formation that usually indicates the beginning of a significant upward trend.
Position these 5 cryptocurrencies with future potential of 50-100x!
1. OP
Market Cap: $2.566 billion
24-hour Trading Volume: $1.449 billion
The fluctuations of OP indeed have the significance of being a trend indicator for Ethereum's altcoins. Currently, all L2s are based on OP chains, including Base and Sony, and for every user transaction that generates income on these chains, OP has to share the revenue. Over the medium to long term, this can make OP a massive and robust ETH whale.
If conditions allow, it can intervene at any time to recover its tokens and further stimulate the ETH system market.
2. ZEREBRO
Market Cap: $548 million
24-hour Trading Volume: $78.906 million
ZEREBRO flips ACT, the strongest is always what people overlook. When ZEREBRO was at 100 million, Xiao Hui still thought it was a second-tier coin, and then forgot about it after ACT was listed on Binance. A few days ago, ZEREBRO broke 500 million, which was very shocking, and today it has already surpassed ACT.
3. ATOM
Market Cap: $2.582 billion
24-hour Trading Volume: $416 million
Cosmos (ATOM) has garnered attention, with its price soaring nearly 20% last week. ATOM's current trading price is $6.20, hovering in an important support area. In the recent overall market rebound, ATOM has shown strong resilience, reclaiming key levels such as the 200-day EMA.
4. XTZ
Market Cap: $1.107 billion
24-hour Trading Volume: $15.2 million
XTZ has performed excellently recently, with its price skyrocketing 69.92% within 24 hours due to the introduction of non-custodial staking features. This upgrade enhances network security and staker returns, attracting more investor attention.
5. XLM
Market Cap: $8.650 billion
24-hour Trading Volume: $2.348 billion
Due to the bullish momentum triggered by breaking the upper boundary of the Keltner channel on November 15, XLM has broken through the $0.13 mark. XLM has still increased 34% to $0.20 in the past 24 hours, up 116% this week. XLM currently ranks 19th, with a market cap of $8.65 billion.
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