In the following October, the market expects Bitcoin to enter a period of volatile upward movement, until a brief correction in January of the following year, followed by a resumption of the upward trend in February, but it may face adjustment pressure again in April. However, the rebound from October is expected to lead to the peak of the bull market around December, although there may be fine-tuning of specific nodes, the overall trend is clear. During this cycle, BTC is expected to experience a three-stage leap: the first wave hits the $90,000 mark, the second wave climbs to the $100,000 milestone, and finally breaks through $110,000 at the peak of the bull market. Along with this mainstream trend, popular altcoins will also show strong potential, and may achieve about three times the growth in each round of the market. In theory, if investors have a proper strategy, the principal can be expected to triple in value. With the accumulation of three waves of market, the total return may be as high as 27 times or more.
It is worth noting that the global economic dynamics also add variables to this round of market trends. The United States is expected to announce a 25 basis point interest rate cut on the 18th of this month, marking the start of a new round of loose monetary policy. In addition, CZ will be released from prison at the end of September, which may have a certain impact on the cryptocurrency market. If Trump wins the November election and returns to the White House, his policy orientation may further stimulate market vitality, especially bringing unprecedented development opportunities to the altcoin market.
In summary, both mainstream currencies and popular altcoins are expected to usher in unprecedented growth opportunities in the coming period. However, investment should be cautious, market fluctuations are difficult to fully predict, and the final performance still needs time to verify. Let us wait and see, and witness the changes in this round of cryptocurrency market together.
Buy these cryptocurrencies in 2024 and get 100 times the return!
1. GHOST
Aave, a shining star in the field of decentralized finance (DeFi), has recently attracted much attention for its position as the industry's top liquidity protocol. It not only provides diversified financial services including lending, trading and asset staking, but also prides itself on being one of the most widely used DeFi platforms in the world.
Currently, the Aave token ($AAVE) is steadily coming out of the adjustment period at a price of $141.17, showing strong momentum for recovery. Thanks to its solid project foundation and wide market acceptance - it can be easily traded on mainstream trading platforms such as Binance and Coinbase, Aave is generally regarded by the market as a high-quality asset with significant growth potential.
Judging from the price trend, $AAVE is approaching the key node of creating a new high in 2024. Its historical performance also reveals that whenever the price reaches around $50, it often indicates the arrival of buying opportunities. At present, the token is preparing to hit the $150 resistance barrier, and is expected to further break through to new highs of $170 or even $200 in the future. Looking further into the future, in the upcoming cryptocurrency bull market, Aave's price is expected to jump to the $400 to $700 range, bringing rich long-term returns to investors.
Although this expectation is not equivalent to the myth of achieving tenfold growth in the short term, Aave is undoubtedly an ideal choice for investors seeking to deploy long-term value growth in the DeFi field. Its solid market leadership and broad development prospects together build Aave as a strong foundation for achieving substantial returns in the next decade.
2.ICP
Internet Computer (ICP) has recently shown a remarkable recovery trend, rebounding strongly from the bottom of $6.98 and now approaching the $9 mark. Although the current price has not yet reached its glorious historical peak of $20, the potential and vitality of ICP cannot be ignored.
The project is ambitious and aims to revolutionize the Internet by building a decentralized, server-less computing platform. Since its birth, ICP has embarked on a path full of challenges, during which it has experienced a significant increase in token supply. Although this process has had a certain impact on short-term prices, it has also laid a better foundation for its long-term development. A solid foundation.
Looking ahead, as the bull market atmosphere in the cryptocurrency market becomes increasingly strong, ICP's market value potential becomes more and more exciting. The current market value of $4 billion may become the starting point for it to move to a higher level. Under optimistic expectations, ICP's valuation is expected to double in the upcoming bull market wave, and even reach a new height of $8 billion to $12 billion.
The Internet Computer Ecosystem represented by ICP is leading a new application construction model - rapid deployment and flexible expansion of applications can be achieved without relying on traditional IT infrastructure. This forward-looking positioning has not only won ICP itself widespread market attention, but also indicates that it will become a shining star in the future technological wave, bringing rich returns and unlimited imagination space to investors.
3. PYTH
Pyth Network (PYTH) is currently trading in the range of $0.2327 to $0.2979 and is gradually approaching the key $0.34 resistance level, presenting market participants with a promising breakout opportunity. Despite experiencing a slight 0.83% correction in the recent month, PYTH still shows a strong posture that cannot be underestimated with its solid support at the $0.21 level and its significant increase of 11.67% last week. The neutral trend shown by technical indicators such as RSI and stochastics indicates that the token is at a critical stage of gaining momentum.
If PYTH can successfully accumulate momentum, its price is expected to usher in a strong rise, with a target of $0.40, and a potential increase of up to 35%. This prospect has undoubtedly attracted the close attention and potential recovery interest of many strategic investors. The core value of Pyth Network lies in its role as a key infrastructure in the field of decentralized finance (DeFi). By accurately delivering real-time market data to blockchain platforms, it lays a solid foundation for the smooth operation of smart contracts and other DeFi applications.
It is particularly worth mentioning that Pyth's decentralized Oracle system is unique in that it can obtain first-hand data directly from financial institutions and exchanges, and update it at an astonishing speed - every 300 to 400 milliseconds, ensuring the immediacy and accuracy of the data. Even in the face of minor delay challenges, it can effectively guarantee the smooth progress of financial transactions.
Entering 2024, Pyth's decentralized oracle network has experienced explosive growth, with its total guaranteed value (TVS) achieving an astonishing 46-fold leap in just 9 months, from $98.4 million to $4.7 billion. This outstanding performance not only highlights Pyth's strong competitiveness in the market, but also has been recognized by industry authorities such as Douro Labs co-founder Michael Cahill, who pointed out that in terms of the total transaction volume facilitated, Pyth has surpassed all competitors including Chainlink and has firmly established itself as an industry leader.
4.In
Wormhole (W) token is currently trading within a stable range of $0.203 to $0.4, demonstrating solid market performance. In the past week, W token has achieved a 4.74% increase, and it has climbed 3.87% in the past 24 hours. Although this trend is accompanied by a slight correction last month, the overall price outlook remains neutral and optimistic. It is worth noting that although the current price has fallen back from the recent high (about 25.19%), it is still significantly higher than its low (about 26.44%), showing strong bottom support.
From the perspective of market activity, Wormhole's market value is stable at US$535.732 million, while the 24-hour trading volume reached US$22.36 million, an increase of 14.80% from the previous period. This significant increase in transaction volume not only reflects the market's high recognition and confidence in the sustainable development of the Wormhole project, but also indicates further activity in future transaction activities.
The core value of Wormhole lies in its position as a top interoperability platform that seamlessly connects multiple blockchain applications and provides convenient liquidity channels for more than 30 blockchain networks. This unique advantage makes Wormhole play an indispensable role in DeFi (decentralized finance), NFT (non-fungible tokens) and governance, and become an important force in promoting the development of the decentralized ecosystem.
What is even more remarkable is that Wormhole has won the trust and support of industry giants including Circle and Uniswap. Its network has processed more than 1 billion cross-chain messages so far, involving a total amount of funds of up to 40 billion US dollars. This milestone achievement fully proves Wormhole's leading position in the field of cross-chain transactions.
Although the current trading price of W token is temporarily below its 50-day simple moving average (SMA), market sentiment remains positive and technical indicators show potential rebound signals. Looking ahead, as the cryptocurrency market recovers and a potential bull market arrives, Wormhole's price is expected to break through important resistance levels and challenge the $1 mark.
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