The market has actually adjusted very healthily in the past couple of days; most coins have increased several times in the past month, and now a 30% to 50% pullback is perfectly normal. The upcoming market trend is judged as follows:
1. The first phase of the bull market has ended, and after the adjustment, we are about to enter the second phase.
2. Currently, off-exchange funds have not yet entered on a large scale, and it is still in the stage of existing participants. The increase in many coins is also driven by leverage within the market, so clearing leverage in the short term is very necessary.
3. The adjustment period will not be long; the second phase will begin before Christmas.
4. The leaders in the second phase will be SOL or ETH-related, which is my judgment after experiencing several chains. SOL is simple, has a low barrier to entry, and has a mass base, while ETH has a demand for catch-up.
5. The deleveraging (spike) in the second phase will be even more intense than in the first phase, but the overall upward trend remains unchanged, so it's enough to accumulate spot positions at lows (like now). Frequent leveraging in a bull market will only accelerate your demise; don't treat exchanges like fools.
6. In the first phase, I didn't choose to 'take profits at the top' because I knew this was just the beginning. Many times, once you exit, it's hard to come back, or you return at a higher cost. I believe the increase in the second phase will leave those who took profits in the first round stunned, slapping their thighs; this trust comes from Wall Street/BlackRock/Trump/ETF, and that man.
7. Miners are the closest group to Bitcoin and have their own set of cognitive frameworks. The supply and demand relationship of mining machines and their prices often reflect the current stage we are in. In the peak phases of previous bull markets, not to mention the price of $BTC, even mining machines had to increase several times. So if someone tells me to take profits at the top now, I can only say you are a fool who hasn't seen the world.
Get ready for these 4 cryptocurrencies that are about to explode by 100 times!
BONK
The Bonk memecoin also experienced a similar price trend, with its portfolio value significantly shrinking over the past seven days. Notably, the 24-hour trading volume for this memecoin was $386.408 million, with a market capitalization of $2.91 billion.
Technical indicators SMA and MACD continue to record negative price trends in the daily time frame. This indicates that the outlook for the fourth-ranked memecoin in the cryptocurrency market is bearish.
If the market is bullish, the price of BONK will retest its upward resistance level of $0.00004704 this month.
FTM
Fantom is one of the best-performing projects recently. This blockchain recently broke through a key resistance level, leading to an 85% price increase. Fantom's target price is $1.68, and market confidence is strengthening. Its fast transaction speed and low cost make it an ideal choice for decentralized finance (DeFi) projects. Whale activity and outflows from exchanges indicate that investors are optimistic about Fantom's future.
BCH
is a well-known Bitcoin derivative that has regained attention as its market capitalization recovers to $600, with a market cap reaching $12.9 billion. With its scalable trading model and focus on fast, low-cost payments, BCH remains a key player in the blockchain ecosystem.
Analysts speculate that its price could reach $1,000, requiring a 1.5 times increase, and its market capitalization will exceed $19 billion. The optimism surrounding Bitcoin's potential six-figure price increase may have a spillover effect, benefiting BCH as a faster and cheaper alternative.
APT
As one of the most noteworthy cryptocurrencies in December 2024, it has strong momentum, with its price rising from $9.6 at the end of November to a recent $15, bringing its market capitalization close to $8 billion.
Although still below the peak of $20 in 2021, the Aptos team plans extensive advancements, including parallel transaction processing and on-chain randomness, to provide scalable infrastructure for billions of transactions. These features can support various use cases, such as integrated payment systems for prediction markets and loyalty programs.
