4 cryptocurrencies that will rise more than 10 times in the future!
As we analyzed last night, the market rebounded after the unemployment data was released.
The cooling of the labor market proves that the Fed's policy interest rate is suppressing economic growth and helping to bring the inflation rate back to 2%.
Don't be too pessimistic when it falls, and don't be too optimistic when it rises.
The current market response strategy has been reminding everyone
1: Recommended position 60%, don't add positions
2: Don't chase the rebound, otherwise you will be easily trapped
3: Don't panic and sell when it falls
Now it has rebounded, remember Article (2) don't chase the rise, otherwise you will be trapped, you can sell some profitable positions, and buy them back when it falls.
From the on-chain data, the funds have not improved at all, and the stablecoins flowing into the exchange have not changed.
In addition, the possibility of Israel attacking Rafah is increasing. Netanyahu vowed: Even if the United States does not help, Israel will fight alone and "fight back". The Minister of Defense said, "No matter what the cost, we will ensure the existence of the State of Israel." Biden has instructed his team to continue to work with Israel to implement a lasting blow to Hamas.
The data released last night was actually good, but the currency circle did not rise much, mainly because of concerns about large-scale war!
The next heavy data is the CPI released on Wednesday next week. If it is significantly lower than expected, the currency circle will usher in a big counterattack, but in the case of insufficient funds in the market, it will definitely fall due to panic before the data is released.
Cryptocurrencies that will rise more than 10 times in the future!
1.ENA
Ethena (ENA) stands out with its unique stablecoin USDe, which promotes seamless integration with various DeFi applications. In the past 30 days, the price has soared from $0.63 to $0.75, and the market value has risen from $824M to $1.07B. ENA is on a bullish track. Technical indicators show optimism, predicting that the price will climb to $1.11 in the second quarter of 2024.
2.SOL
Solana (SOL), known for its high throughput and scalability, continues to attract traders with its strong dApp and smart contract ecosystem. The amazing growth from $22.26 to $120 last year highlights the potential of SOL. SOL is trading above its key EMA, with a market cap soaring to $53.91B and is expected to reach $183 by the end of the second quarter of 2024.
3.ARB
As Ethereum’s L2 scaling solution, Arbitrum (ARB) is ready to meet the growing demand for scalable DeFi alternatives. Despite recent price volatility, ARB is still showing bullish signs, trading above its 50-day moving average. It is expected to rise to $1.52 in the second quarter of 2024, reflecting its optimistic outlook.
4.NEAR
The last one is NEAR Protocol (NEAR), which is known for its developer-friendly platform and community-driven spirit. Last year, NEAR’s price surged from $1.83 to $5.90, and trading comfortably above key moving averages, NEAR is expected to grow further. Supported by ten green technical indicators, the price is expected to jump to $9 by the end of the second quarter of 2024.
