Currently, Ethereum needs to stabilize around $3550 to initiate a new round of increase. If it has not bottomed out at the $3450-$3550 range, a retest would be a good opportunity to position. Trump is set to take office on the 20th, and historical data indicates there will be a surge before the policy takes effect, worth noting that after the surge, there will be a deeper decline, and after the drop, a more aggressive increase. Following the pattern seen when the Bitcoin ETF news came out, Trump's inauguration may also lead to such a market movement. According to the timeline, starting from today, begin to position on dips, and from the 20th to the end of the month, a high probability of adjustment will occur, with February and March likely showing good overall upward trends!
This is the general prediction! Pursue high risk and high returns, and ambush strong varieties; all the above can be key targets for ambush. For low risk and high returns, position more Ethereum on dips; Ethereum is likely to touch $4000 before the 20th, and next, look to position Bitcoin in the range of $103,000-$105,000!
The above outlines the general operational mindset for this month; surviving is always more important than making a profit! Less greed, more opportunities to survive! Live longer, and big and small opportunities will naturally follow!
Ambush 3 cryptocurrencies with future value of 100 times! 1. ICP
Many altcoins have risen with Bitcoin's recent bull market trend, and Internet Computer (ICP) has emerged as a standout. In the past 24 hours, ICP's price has increased by 11.36%, with a weekly gain of 13.68%. Currently, the token's trading price is $11.89, capturing the interest of traders and investors.
ICP has shown resilience, finding support near $10. After breaking its descending wedge pattern, this support level became crucial for its recent rebound. Analysts state that if ICP can overcome the immediate resistance at $11.95, it may pave the way for further increases. Potential targets include $13.75, $15.50, and $18.80, indicating good upward potential for the token.
More positively, the Swiss organization DFINITY Foundation behind the Internet Computer will release its 2024 ecosystem report in November. The report highlights significant advancements in cross-chain technology on the platform, primarily through the Chain Fusion protocol. Over the past year, activity on Chain Fusion has surged by an astonishing 1,230%.
The Chain Fusion protocol is a key feature of the Internet Computer blockchain, enabling seamless interaction between smart contracts and multiple blockchain networks. This feature has gained favor among developers, with message processing volume within the protocol increasing significantly by 2,040% compared to the previous year. This surge reflects the growing demand for cross-chain solutions, supporting the development of complex multi-chain applications.
2. FLOW
Flow (FLOW) has a trading price of $0.7732, rising 3.81% in the past 24 hours. Its market cap is $1.2 billion, with a 24-hour trading volume of $68.97 million, surging by 40.41%. The fully diluted valuation (FDV) matches its market cap, reflecting a total circulating supply of 1.55 billion FLOW.
Market sentiment around Flow is neutral, although the fear and greed index shows a score of 74 (greed), indicating strong market interest. Flow's trading price is 7.10% above its 200-day simple moving average (SMA) of $0.725556, highlighting a positive price trend. Over the past 30 days, Flow has experienced 15 green trading days, accounting for 50%, with a price volatility of 18.62%, showing consistent trends.
Currently, technical indicators suggest Flow has immense growth potential. It is expected that by February 2, 2025, the price will rise by 233.08% to $2.54. This optimistic outlook, along with Flow's high liquidity and strong market indicators, suggests that now may be a good time to invest in Flow.
3. SHIB
Shiba Inu holds an important position in the cryptocurrency market and is often viewed as a rival to Dogecoin. Initially launched as a meme coin, it has evolved into a multifaceted project, including ShibaSwap, its decentralized exchange, and the Shiba Inu Rescue Association. SHIB is community-oriented, with its appeal stemming from community engagement and liquidity potential.
Recently, Shiba Inu made headlines for adopting Chainlink's CCIP, a technology that enables secure cross-chain interoperability. This innovation allows users to purchase virtual land using ETH or SHIB on Ethereum and ShibariumNet, which may enhance its metaverse ambitions. This development aligns with SHIB's efforts to move beyond meme coin status and improve its utility, positively impacting investor sentiment.
In the short term, SHIB has seen a moderate rise of 2.01% in the past 24 hours and a 3% increase over the past week. However, it has dropped 25.8% compared to last month, indicating some volatility. Its relative strength index (RSI) currently stands at 41.02, suggesting a neutral market stance. Despite recent fluctuations, SHIB's liquidity remains relatively high, with a trading volume to market cap ratio of up to 0.0568.
In the long term, Shiba Inu's trading price is 9.37% above its 200-day simple moving average, reflecting healthy growth. Over the past year, SHIB has surged 134%, outperforming 73% of the top 100 cryptocurrencies. This positions it as a strong contender in the meme coin space with growth potential.
Shiba Inu offers investors a unique opportunity as it combines community engagement, cutting-edge innovations, and robust market performance. Despite still being influenced by volatility, its evolving ecosystem and strong community support make it a promising choice for those willing to take on some risk.
