The bull market is still spreading. Although Bitcoin has risen and then fallen, Ethereum has reversed its decline and broken through $3,600. Defi, Layer2 and other sectors have seen a general rise, and the altcoin market has finally begun to rejuvenate. But a few days ago, altcoins were wailing everywhere, and the market was in a state of survival. The recent rotation of sectors has completely revitalized the currency circle. The haze of the previous period was instantly wiped out, giving the long-dormant a handful of winter charcoal fire to the altcoin market!

In the current market, before Bitcoin breaks through 100,000, there will not be a particularly deep downward adjustment (more than 10%). After breaking through 100,000, as emotions calm down, the market rotates, and funds become weak, we must pay close attention. Therefore, the period of strong consolidation of Bitcoin is the best opportunity for copycats.

1、AVAX

AVAX, the native token of layer-one blockchain Avalanche, has seen a 20% price increase over the past week, making it one of the key RWA altcoins to watch in December. As of this writing, the altcoin is trading at $42.25.

AVAX’s Directional Movement Index (DM) was evaluated on the daily chart, confirming bullish momentum. As of the time of writing, the coin’s Positive Directional Index (blue) is above the Negative Directional Index (red), reflecting the market’s upward trend.

The DMI indicator determines the strength and direction of a trend. When the positive directional index is above the negative directional index (red), it indicates that the market is in an uptrend and that the upward trend in prices is stronger than the downward trend. This indicates bullish market conditions and is usually a signal for traders to consider going long.

If this trend continues, the price of AVAX will rise to $47.02. A successful breakout of this resistance will push the price of the token to $55.10. On the other hand, if the selling activity intensifies, the price of AVAX will fall to $35.66.

The leading oracle network Chainlink is powered by its LINK token, which has surged 24% in value over the past seven days. This makes it another RWA token to watch in December. LINK is currently trading at $17.98, a price level it reached in June.

As of this writing, LINK is trading above the green line of its Supertrend indicator, confirming an uptrend. This indicator measures the overall direction and strength of an asset’s price trend.

It appears as a line on the price chart, and the color changes depending on the trend direction: red for a downtrend, green for an uptrend. As in the case of LINK, when a supertrend line appears below the price of an asset, it indicates an uptrend, suggesting that the bullish momentum may continue.

If this continues, LINK’s value will climb to $19.38. A successful breakout above this level would put LINK on track to reclaim its year-to-date high of $22.87. However, if the sentiment turns bearish, LINK’s price could drop to $17.22.

3、DONE

The ASI Alliance has launched the Earn and Burn program to strengthen the FET token ecosystem. The move comes after a recent merger and aims to increase the utility and value of the token. The program aims to align short-term goals with the long-term development of artificial intelligence (AGI). It also promotes collaboration within the ecosystem by involving innovators in the field.

The earn and burn mechanism is a deflationary method designed to reduce the total supply of FET tokens. A portion of the fees generated through ASI services will be burned. The program aims to eliminate approximately 35 million tokens from circulation in the first year. Reducing the token supply is likely to increase value for holders while promoting sustainability and growth of the ecosystem.

The plan anticipates that demand within the ecosystem will grow significantly to balance this reduction. It is expected that activities such as API usage, staking, and other utility functions will require an additional 44 million FET tokens over the same period. It is expected that demand growth may exceed the planned token burn, resulting in a favorable supply and demand balance.

4、DOGE

DOGE's performance is also worth watching, especially in the past month, Dogecoin has risen by 171.78%. Although its price has not changed much in the past week, the growth in the past six months shows that it has considerable upside potential. Currently, DOGE is trading between $0.37 and $0.49, close to its nearest resistance level of $0.55. If this resistance level is broken, the next stage target may be $0.67. Although there is a risk of a pullback in the short term, Dogecoin still has considerable growth momentum in the long run.

At present, the bull market has basically started. With the relaxation of policies, there will be many opportunities waiting for us to layout. The group will recommend wealth codes from time to time to help everyone seize the next bull market! Let's realize our goals and dreams in the cryptocurrency circle together!