December may be the last chance to board EHT and altcoins
Against the backdrop of BTC's volatility and SOL's dimming shine, the blue-chip stocks of the ETH camp like UNI, AAVE, MKR, LINK, and CRV surged together yesterday, becoming our focus sector that we have been optimistic about for the past few weeks.
BTC.D continues to decline, a phenomenon that has been extremely rare over the past two years, and it is difficult to return to the glorious high of 61% in November, indicating a trend reversal.
The rapid rise of ETH in November has attracted many trend-following investors. If the market enters an adjustment phase in December, this may be the last opportunity to capitalize on ETH's upward potential. By January next year, ETH's performance may be impressive.
Buying these cryptocurrencies in 2024 could yield 100x returns!
1.ENS
Recently, the price of Ethereum Name Service (#ENS) has significantly risen, which may indicate an important market trend. On January 3, 2024, Ethereum co-founder Vitalik Buterin emphasized the key role of ENS for Ethereum users, especially those on layer two (#L2) networks, on platform X. He advocates for L2 networks to accelerate integration of ENS functionality, aiming to optimize user experience and strengthen Ethereum's scalability.
Given the close relationship between ENS and Ethereum, if this upward momentum continues, projects deeply associated with Ethereum's layer two networks are expected to welcome another wave of growth aided by the expanding L2 ecosystem.
2.Jasmy
JasmyCoin (JASMY) is showing significant upward momentum, as this trend is clearly reflected in its latest chart movements. Observing the daily chart, a bullish triangular flag pattern has been broken, indicating a potential price rebound in the future. Currently, despite experiencing some degree of pullback, this is a common phenomenon after such breakouts, usually attributed to traders taking profits and natural market adjustments. JASMY's current trading price is $0.031, and it remains stable near the support area of $0.02403. The Bollinger Bands indicator shows reduced volatility, which may suggest that the market is accumulating strength around this price level.
The next important resistance level is at $0.035; once breached, it may lay the foundation for subsequent upward trends. However, if the price falls below $0.02072, it could trigger a wave of bearish pressure, leading to further declines to $0.01600.
Recently, JasmyCoin's listing on the Upbit trading platform has significantly boosted its market visibility, attracting the attention of numerous traders. Upbit is known for its high liquidity and user-friendly features, and this listing undoubtedly marks an important milestone in JasmyCoin's development journey. Notably, institutional investors' interest in JASMY has surged by 180%, involving over $225 million, while open interest has increased by 4.38%. These data indicate that investors are increasingly confident in JASMY's growth potential.
In addition, JasmyCoin stands out for its commitment to empowering individuals with control over their personal data. Businesses can benefit from secure data management solutions based on blockchain technology. This dual focus on personal privacy and data security makes JasmyCoin a leader in privacy-driven technology, addressing the growing urgent need for secure systems in the Internet of Things (IoT) sector.
3.VET
VeChain (VET), as a pioneer blockchain network in environmental sustainability and asset tokenization, is creating a wave of excitement. Since its inception in 2015, VeChain has been committed to leveraging blockchain technology to drive industry innovation. Recently, VeChain's price surged by 129.82% in just a few weeks, reigniting market interest and enthusiasm for it, which was once regarded as a 'senior' cryptocurrency. This outstanding performance not only showcases VeChain's strong resilience in the highly competitive blockchain space but also highlights its increasingly relevant market position.
Market analysts generally hold an optimistic view of VeChain's future prospects. Notable market observer Schofield points out that VeChain has successfully broken through a key trend line, indicating a potential increase of up to 20% in the coming days. Currently, the Relative Strength Index (RSI) remains high at 63, further confirming the strong bullish trend in the market. Meanwhile, the Fear and Greed Index stands at 80, reflecting extreme investor optimism and confidence.
VeChain's price predictions are equally exciting. The authoritative data platform Coincodex predicts that by March 2025, VET is expected to rise to $0.1, with a potential return of up to 293%. This means that if investors invest $1,000 today, it is likely to grow to $2,691 in two years with substantial returns.
In addition to significant changes in price, VeChain's influence in the real world is equally noteworthy. The network's collaboration with Renji Hospital has brought disruptive changes to the reproductive health sector through blockchain technology. Meanwhile, VeSwap is continually expanding new opportunities within the Web3 ecosystem. VeChain's strategic alliances with multinational giants like Walmart China and BMW further highlight its crucial role in enhancing supply chain transparency, particularly in the realm of real-world assets (RWA), showcasing its unique value and influence.
4.XRP
XRP price has strongly broken through the $2 barrier, refreshing its highest level since 2018, and its market cap has also soared, successfully surpassing the $100 billion mark. This surge may be closely related to Ripple's upcoming stablecoin RLUSD, with regulatory approval expected to be finalized by December 4. Ripple is committed to complying with U.S. laws and regulations, striving to issue RLUSD in a compliant manner. The launch of the stablecoin is expected to strengthen XRP's position in the financial transaction field, and its wider application may stimulate greater market demand for XRP, further driving its price up. Ripple's deep integration with traditional finance may amplify this effect through the stablecoin.
From a technical perspective, XRP demonstrates positive short-term, medium-term, and long-term trends. Moving average data reveals potential strong signals; the token's current trading price is approximately 248% higher than its 200-day simple moving average of $0.69. As of now, XRP is priced at $2.39, with a 24-hour increase of 25.57%, approaching the recent high of $2.49. Additionally, the 24-hour trading volume to market cap ratio stands at 0.3888, showcasing high market liquidity.
It is worth mentioning that Ripple has also partnered with Archax and abrdn to launch the first tokenized money market fund on the XRP ledger. Given that tokenized assets are expected to reach $16 trillion by the 2030s, this initiative aims to enhance cost efficiency and optimize settlement processes, bringing new development opportunities to the market.
5.DOGE
Dogecoin, under the strong endorsement of Elon Musk, is gradually establishing its position as one of the payment currencies. As the first MEME coin, its status in the cryptocurrency space is comparable to Bitcoin's dominance in the MEME coin realm.
If you have not yet invested in Dogecoin, then the current pullback phase is undoubtedly a good opportunity for positioning!
Once Dogecoin successfully crosses the $0.5 price threshold, it means it has entered a new chapter of the 'bull market'. Notably, Trump's inauguration may add fuel to Dogecoin, helping it steadily move towards the $1 target.
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