The market is currently in an extremely dull stalemate. Ethereum and Bitcoin fell back quickly after a slight increase, and altcoins continued to fall. However, as the saying goes in the financial field, "after the worst comes the best", when the dealer quietly accumulates enough chips, the market may usher in earth-shaking changes at an inadvertent moment, as if the spring breeze blows overnight and everything revives. The suppressed energy accumulated by various cryptocurrencies for a long time will be released, ushering in a surge, and then entering the active cycle of altcoins. However, the arrival of this turning point is still difficult to predict, because the current market lacks the injection of fresh funds, and the funds in the market are constantly losing, which will undoubtedly prolong this waiting period, exchanging time for future space expansion.
During this period, it is wise to reduce frequent transactions, or to deploy some long-term bullish mainstream currencies at low levels, remain patient, and avoid chasing those obvious high-risk projects, such as those currencies that are recognized to have a large risk of cutting leeks. Keep financial strength and wait for the market to turn around. Only in this way can you seize the opportunity to turn around when the market starts. In addition, there is a rule of thumb in the market: when most investors experience losses, the market is often close to the bottom, and a turnaround may not be far away.
Buy these cryptocurrencies in 2024 and get 100% profit!
1.ATOM
The Cosmos Network is deepening its presence in blockchain interoperability and decentralized finance (DeFi) by integrating the XRP ledger and EVM sidechain, aiming to build a more connected and efficient ecosystem for users and developers. This expansion strategy includes a partnership with Ondo Chain, optimization and upgrades to the Sentinel VPN service, and efforts to strengthen cross-chain security with Elys. At the same time, Cosmos is also stimulating innovation by hosting events such as the African Hackathon and actively participating in communities such as ETHDenver, where its core members will engage in in-depth exchanges directly with developers.
Recent developments such as the collaboration with Elys have greatly enriched the Cosmos Hub ecosystem. Elys’ planned staking pools, impermanent lossless liquidity pools, perpetual contract decentralized exchanges (Perps DEXs), and additional protocol revenue incentives are designed to increase user engagement within and outside the Cosmos ecosystem.
In terms of market performance, ATOM currently ranks 52nd with a market value of $1.82 billion. Its price remains at around $4.67, up 2.05% from yesterday, and its trading volume has surged 67.25% to $136.39 million. However, market forecasts show that ATOM prices may face a drop of up to 7.43% in February, with an expected price range of $3.97 to $4.79. Based on current price levels, this range suggests that there may be a potential profit opportunity of about 14.25% in the short term.
2. BUT
Alchemy Pay (ACH) is creating a revolution in the cryptocurrency space, cleverly connecting the worlds of traditional finance and digital assets, providing merchants, developers, and institutions with a convenient payment solution that covers both fiat and cryptocurrency transactions. Its goal is to simplify access to blockchain and decentralized finance (DeFi) and promote the integration of digital assets into everyday life.
Recently, Alchemy Pay's price has shown strong momentum, returning to its high since February 2022, jumping to $0.03377 in one fell swoop, up 56.89% in the past month, and its market value has also climbed to more than $294 million. A key factor behind this wave of growth is the continued expansion of Alchemy Pay's regulatory coverage. The company recently obtained a digital currency trading provider license in Australia, bringing the number of licenses it holds worldwide to 12. It also has a US money transmitter license and UK API approval, and is expected to receive more regulatory green lights in the coming months.
Alchemy Pay also revealed a new project involving stablecoins and accelerated transactions. Although the specific details are still unclear, this coincides with the industry trend of mainstream financial networks such as Mastercard incorporating tokenized assets into their systems. If this innovation is promoted, it may greatly improve the efficiency of digital payments.
In addition, Alchemy Pay is also accelerating its layout in South Korea. It has not only obtained electronic financial business registration, but also invested in the local electronic financial platform EZPG Co., which will help it provide a wider range of financial services in the region and further consolidate its global expansion strategy. This series of actions by Alchemy Pay indicates that exciting developments may be coming soon.
3.MILLION SEK
Maker (MKR) is showing strong recovery momentum and traders are widely expecting it to break out of its recent downtrend. The token is releasing strong signs of an upward trend, both in terms of technical indicators and on-chain data, indicating a possible upward trend. Currently, Maker’s price is $1,118.37, a significant increase, with a surge of 10.62% in 24 hours and a weekly increase of 14.26%, making it one of the most eye-catching tokens of the day.
A key development has emerged on the price chart - the formation of a double bottom pattern, which is a well-known bullish reversal signal. Once Maker successfully breaks through the neckline, it will be expected to further confirm the reversal of the trend and lay a solid foundation for the subsequent rise. Maker has been under continuous bearish pressure since November 2024, but recent price dynamics reveal a more optimistic outlook.
The Fear & Greed Index currently remains at a neutral level of 47, reflecting active trading activities and increased investor confidence. Technical indicators also further confirm this positive trend. The Moving Average Convergence Divergence (MACD) shows a rising green histogram, which indicates a strengthening buying sentiment. Meanwhile, the 1-day Simple Moving Average (SMA) also suggests that the upward momentum has continued.
If the current bullish trend can continue, Maker is expected to challenge the $1,128 resistance level over the weekend. However, if the market weakens, the token may also retrace to its key support level of $1,121. Overall, Maker’s latest surge has rekindled investor enthusiasm, and the performance in the next few days will determine whether this wave of gains can continue to break through and start a new upward chapter.
4.SUI
As an outstanding representative of MOVE projects, SUI enjoys strong capital backing due to its profound background (derived from Meta) and its status as a US project. In the field of public chain technology, SUI stands out with its unrivaled speed and is known as the fastest public chain currently.
As the cornerstone of the development of the web3 industry, the performance and carrying capacity of the public chain are of great significance to future growth. Looking back on the development history of the public chain, SUI is very likely to stand out and become the leader of the fourth-generation public chain. Looking to the future, SUI has broad development prospects and huge value-added potential.
5.DOGE
During this stage, price fluctuations are normal and beneficial market performance. The reason is that the explosive growth of Dogecoin in the last round attracted a large influx of new funds, which need a certain amount of time to be gradually digested and integrated.
This process can also be seen as a market screening mechanism, which eliminates weak-willed investors through wide fluctuations, the so-called "washout". Compared with the broader market, Dogecoin's volatility will be more significant, which is in line with the general characteristics of small altcoins and MEME coins. Although it is difficult to avoid, it is also part of the market operation.
The rise and fall of Dogecoin is often closely linked to Musk's remarks, and every time he speaks out, it may become a trigger point for the price fluctuation of Dogecoin. This is not only part of Musk's personal influence, but also reflects his unique investment vision. After all, he has successfully helped Trump ascend to the throne of the US president, and his judgment should not be underestimated. In addition, robotics technology, as a popular pursuit in current human life, provides unlimited possibilities for the future development of Dogecoin. Therefore, we have reason to believe that it is only a matter of time before Dogecoin breaks through the $1 mark.
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