Analysis $BTC 12/17/2024

#BTC, we are following the plan perfectly... a new ATH was made today, but despite this we are seeing the entire market practically without any happiness, of course this is justified by the poor performance of #altcoin , since BTC Dominance was retesting the 58% region.

I understand that everyone wants a good Altcoin run, I want it too, I think at this point, WE ALL WANT IT... but the market does not do what we want, but what has to be done.

We touched the orange line and returned to very close to this gray band that I put here on the chart, the difficulty of jumping has already started, of course tomorrow is the day where we decide what to do, whether to go higher or cool down here.

Tomorrow should be an incredibly busy day, but I'm prepared lol and still holding some LONG positions to suffer along with you if that's the case lol.

We don't have anything different happening here, and although we're seeing the RSI quite stretched on some timeframes, I won't be surprised if we attack $110K tomorrow (if we get good numbers).

Gentlemen, I'd like to mention that $105K certainly wouldn't support the price in a possible fall (if we don't get the Interest Rate Cut). So, get ready for something lower if we don't get good numbers.

The BIG Buyers are still preferring to stay away from the price, of course that's good, but it doesn't need to be that far away ($100K). The Spot Buyers still can't hold the price here with ease, and we need to see this increase in the Asian Session if we want to break $108K tomorrow.

The big SELLERS seem to have reached a consensus and defending $110K seems to be a priority for them now, we can see that orders are forming there very quickly.

I remain optimistic and although I want a slowdown here for Altcoins to run, I am very excited about the next few days.

* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.

🚨 Is Raydium the Most Undervalued Gem in the Market?

Solana’s DeFi ecosystem has been thriving, and Raydium is emerging as a top contender. But despite its stellar performance, Raydium trades at a massive discount compared to Uniswap.

Let’s break down the numbers and uncover whether Raydium is one of the most undervalued gem in the market.

1️⃣ Volume Comparison: Raydium Holds Its Ground
In the last 30 days:
• Raydium Volume: $84.37B
• Uniswap Volume: $95.91B
Raydium processed 88% of Uniswap’s trading volume, underpinning its growing significance in the DeFi space.

2️⃣Fees Generated: Raydium Outpaces Uniswap
Last 30 days:
• Raydium Fees: $186M
• Uniswap Fees: $110M
Raydium generated 69% more fees than Uniswap, signaling robust activity on the platform.

3️⃣ Active Users: More Wallets, More Action
Daily wallet interactions:
• Raydium: 7x more wallets interacting with its smart contracts compared to Uniswap.

⚡️The Valuation Gap: A Discount Too Big to Ignore
Market Cap:
• Uniswap: $8.6B
• Raydium: $1.4B
Raydium is priced at an 84% discount to Uniswap, despite its impressive performance metrics.
If Raydium had Uniswap’s market cap, the token price would rise 6x to $29.

🌟 Summary: The Undervalued Opportunity
• Volume: Raydium processes 88% of Uniswap’s volume.
• Fees: Raydium generates 69% more fees than Uniswap.
• Users: 7x more wallets interact with Raydium’s smart contracts daily.
• Market Cap: Raydium is priced at an 84% discount to Uniswap.

If Solana’s DeFi ecosystem continues its rise and Raydium sustains its performance, this could be one of the biggest opportunities in the DEX space—with a potential 6x upside.

$UNI $RAY