In the new year, to profit in the market, we need to clarify the following strategies:
First, regarding mindset, we need to remain calm about BTC's fluctuations. As a barometer for funds, BTC's rise and fall have gradually weakened their impact on altcoins. Therefore, in the face of BTC's sharp fluctuations, we should not easily doubt the continuation of the bull market or the arrival of a bear market. Until the altcoin season index and future market positives are realized, as well as before a large amount of funds may escape, these short-term fluctuations are merely normal turnover behavior within a bull market.
Secondly, we need to set clear trading expectations. Before making each spot trade, we should clarify our profit goals, such as a 50% return, doubling, or higher multiples. Then, based on these goals, we can evaluate the characteristics of altcoins to determine whether they are worth pursuing higher returns. In addition to observing candlestick trends, we should also consider factors such as market capitalization, subsequent unlocking situations, and the development roadmap of altcoins to identify potential key points that could trigger market performance.
Next, let's talk about trigger points. The market performance of altcoins may be influenced by the following factors: first, future positive news; second, the holdings of celebrities or institutions; third, the heat of sector funds. These factors can all become key trigger points for driving up altcoin prices.
Lastly, regarding position management, this is a well-trodden topic. During good market conditions, we should take timely profits and withdraw part of our capital from the market. In a sluggish market, even if there are trigger points, we should act cautiously, only entering with a base position rather than going all in. Unless there is certain positive news, we should proceed steadily, maintain stop-loss orders, and handle stop-loss trades promptly. This way, even if losses occur, they won't be too large, and the next opportunity may allow us to recover previous losses and achieve profits.
Overall, in the new year, we need to maintain a calm mindset, set clear trading expectations, focus on key trigger points, and manage our positions wisely to achieve steady profits in the market.
Buying these cryptocurrencies in 2024 could yield a 100% return!
1.STX
Stacks' current trading price is $1.57617, with a 24-hour trading volume reaching $344.38 million. Its total market value is $2.37 billion, accounting for 0.07% of the global cryptocurrency market. In the past 24 hours, Stacks' price has increased by 5.91%, and compared to the same time last year, there has also been a 6% growth.
The trading volume to market capitalization ratio shows 0.1454, indicating that Stacks has moderate liquidity relative to its market size. Generally, this lower ratio indicates that market activity is relatively stable. Currently, Stacks can be bought and sold on mainstream trading platforms like Binance.
From the 14-day relative strength index (RSI), Stacks scores 35.26, indicating that its price is in a relatively neutral position in the short term, with neither a clear upward trend nor significant downward signs. The price volatility over the past 30 days is 19%, which is below the commonly considered high volatility threshold of 30%, showing relative price stability.
Regarding future predictions, Stacks' price is expected to rise by 4.44%, potentially reaching $1.611177 by 2025. This prediction provides us with a reference for Stacks' future price trends.
2.LDO
Lido DAO recently launched the Lido Ethereum SDK, a TypeScript-based toolkit designed to help developers easily integrate Lido's staking services into wallets, widgets, and other off-chain applications. This SDK greatly simplifies the integration process with Lido services on the Ethereum network through a series of tools, pre-built methods, and detailed documentation.
In terms of financial market performance, Lido DAO Token (LDO) is currently trading at $1.86, with a 2.90% increase over the past week. Although its market capitalization has reached $1.66 billion, showing a slight decline (2.91% drop), the 24-hour trading volume has significantly increased by 9.02%, reaching $181.77 million, indicating enhanced trading activity.
LDO's trading price is 15.95% higher than its 200-day simple moving average (SMA) of $1.60, revealing a strong long-term upward trend. Over the past 30 trading days, LDO has shown an upward trend 57% of the time (17 days), indicating relatively stable market performance.
The current fear and greed index of the market is 64 (in the greed range), reflecting a moderately optimistic sentiment in the market. LDO's 14-day relative strength index (RSI) is 39.82, showing a neutral state, suggesting that the price may maintain sideways fluctuations.
Additionally, LDO demonstrates high liquidity in terms of its market capitalization and is traded on multiple platforms, including Binance. Its annual inflation rate is only 0.24%, indicating minimal supply changes. Future price predictions are optimistic, with LDO's price expected to rise to $5.98 by January 2025, representing a potential growth space of up to 224.80%.
3.FIL
Filecoin (FIL) is currently trading at $5.07, with a 5.54% increase in the past 24 hours. Although market sentiment leans bearish, showing a cautious attitude from investors, the fear and greed index has reached 64, indicating 'greed' in the market.
From a long-term price trend perspective, Filecoin's trading price is above its 200-day simple moving average (SMA), specifically higher by 3.37% (SMA at $4.91). This sign is typically viewed as a potential market strength performance. Additionally, Filecoin's high liquidity is also a highlight, with a trading volume to market capitalization ratio of 0.1351, reflecting an active trading atmosphere in the market and the convenience of buying and selling FIL.
Currently, Filecoin's market capitalization is $3.11 billion, with a 24-hour trading volume of $420.43 million. The 14-day relative strength index (RSI) is 49.80, in the neutral zone, indicating that the price may maintain sideways fluctuations without a clear upward or downward trend.
Analysts are optimistic about the future prospects of Filecoin, predicting a potential price increase of 7.38%, reaching $5.32 by January 2025. However, it is noteworthy that Filecoin's technical indicators provide mixed signals. On one hand, the trading price above the SMA indicates potential market strength; on the other hand, the RSI points to market stability rather than a trend reversal. The market's 'greed' sentiment may reflect investors' optimistic expectations, but the bearish market outlook also reminds us to remain cautious.
4.SHIB
Shiba Inu (SHIB) is a highly anticipated decentralized cryptocurrency, backed by a strong community. This currency is built on the Ethereum network and has become an important digital asset. To further enhance the project's governance capabilities and liquidity, the Shiba Inu ecosystem has introduced a new member—the TREAT token.
The TREAT token empowers community members to participate in project decision-making through an innovative voting system, enabling them to collectively shape the future of the project. At the same time, TREAT significantly enhances liquidity, providing strong support for the stable development of the ecosystem and promoting broader ecosystem growth.
Additionally, the Shiba Inu project is actively expanding into the metaverse, aiming to create a more interactive and unified platform for users. The TREAT token contributes to this grand vision by introducing a series of tools that enhance platform functionality. These efforts aim to increase user engagement and build a united, cohesive community experience.
However, in the financial markets, SHIB's trading price is $0.00002162, down 2.80% from before. Market sentiment appears to lean bearish, with a fear and greed index rating of 65, indicating greed in the market. The relative strength index (RSI) is 37.25, suggesting that the market is currently in a neutral state, potentially pointing to sideways trading.
Nevertheless, future predictions remain optimistic for SHIB. It is expected that by January 2025, SHIB's price may rise by 226.97%. This prediction provides a reference for investors, but please note that the cryptocurrency market is highly risky, and investment should be approached with caution.
5.ENS
Ethereum Name Service (ENS) currently ranks 83rd in the cryptocurrency space, with a price of $32.63 and a 2.59% increase in the last 24 hours. The service has a market capitalization of approximately $1.14 billion, and its 24-hour trading volume has reached $235.44 million, representing a significant increase of 83.86% compared to before.
From a broader perspective, ENS's fully diluted valuation (FDV) is $3.25 billion, with a circulating supply of 35.18 million and a total supply set at 100 million. Looking back over the past year, ENS has performed remarkably well, with its price skyrocketing by 228%, surpassing 86% of the top 100 cryptocurrencies, and leaving Bitcoin and Ethereum behind.
Additionally, ENS's trading price is firmly above its 200-day simple moving average (SMA), further confirming its strong long-term bullish trend. In the past month, ENS had 15 trading days with green closes, accounting for 50% of the entire month, reflecting its robust market performance from another perspective.
Regarding market sentiment, ENS's fear and greed index is currently at 65, in the 'greed' range, indicating a positive attitude and optimistic expectations from investors regarding ENS. However, despite these trends suggesting a sustained interest and optimism in ENS, we still need to closely monitor market dynamics and changes.
If you don't know how to select strong coins, I suggest you follow me. Whether it's spot trading or hedging, a slight move could be your limit, and opportunities are short, so you must seize them! Success is not based on luck; choice is greater than effort, and the circle determines fate. In the cryptocurrency space, besides having a keen eye for the market, you also need to be part of a good team and have a good guide. By following me, you've already succeeded halfway in the cryptocurrency space.
Finally, there are many things that haven't been written down, such as specific opportunities, specific decisions, and advance deployments; these things often cannot be summarized in a single article. Follow me for more free bull market strategies and cutting-edge information in the cryptocurrency space.
