小七财经

After many corrections in the 21-year bull market, the short-term market weakness continued to bear losses due to corrections, resulting in missed many good buying opportunities. If it is determined that there will be bulls this year and next, then the current pullback is an opportunity, and you will not be trapped for a long time. Judging from the daily and weekly EMA, it is still the bullish phase of stepping back. Now that it is close to EMA21-55, it is an opportunity to buy again (death) The cross will clear the position and turn the trend)

So in summary, medium and long-term traders should not focus on the short-term trend, but use the medium- and long-term trading cycle and execute at the expected point. The short-term 40K is a watershed, it may break but it must be the first buying point for medium- and long-term trading. Be prepared for the second buying point of 38800-36000 (it is not easy to reach directly at the moment. I think there will be a rebound of 43K or 44K before reaching this point). The third buying point: 30-31K is the final point of decline after rebounding to the sub-high and then pulling back. The goal after buying them all is the final high of the big bulls in 24-25 years, which is also the validity period of the ETF.

The cryptocurrency market will see significant growth in 2024, with Bitcoin and Ethereum becoming the preferred alternatives to traditional investments. Institutional dominance in the cryptocurrency space is growing, and while BTC and ETH are riding the wave of new inflows, other digital assets are expected to benefit in more implicit ways

4 potential coins to buy before the bull market! Do you have it?

Polygon (MATIC): Reinventing Ethereum’s Scalability

Polygon ( MATIC ) remains an attractive cryptocurrency investment option that aims to address the challenges of Ethereum ( ETH ), particularly high fees. As a second-layer blockchain built on Ethereum, Polygon’s main goal is to help blockchain overcome issues such as high transaction fees and slow processing times.

The cryptocurrency market is constantly evolving, and as the 2024 bull run approaches, some coins are unleashing their potential to lead the way. In this comprehensive guide, we’ll take an in-depth look at the predictions, developments, and unique features of 5 outstanding cryptocurrencies that are expected to lead the upcoming cryptocurrency wave.

Avalanche (AVAX): Climbing new heights in DeFi and gaming

Avalanche is a scalable and decentralized layer 1 blockchain that is carving a niche for itself in the DeFi and crypto gaming space. With the next bull run approaching in 2024, AVAX has positioned itself as a top contender, outperforming major cryptocurrencies such as Bitcoin, Ethereum, and Solana. Avalanche's recent strong upward trajectory is noteworthy, with the current price at $37.30 as of this writing, up 5% over the past week.​

Market trend:

BTC adjusts, and it is expected that BTC’s weekly level decline may continue for about three months. The market favors Lumao's defense, and Lumao's airdrop projects led the gains.
U.S. stocks are near record highs as we enter earnings season.

Market hot spots:

1. DeFi’s python and pendle have surged. Python is the oracle of sol, and the pledge rate reaches 30% of the Lumao sol ecological airdrop. Pendle pledges eigenlayer's airdrop, with an annualized return of more than 20%.
2. New currency manta and ondo have surged. Manta has a high staking yield recently. ondo is a rwa track, benefiting from bn’s new contract. Ondo's total market value is US$3 billion, exceeding MKR's US$2 billion.

As investors anticipate an upward trend, picking the “next explosive cryptocurrency” offers the opportunity to earn substantial returns. With this in mind, there are several market dynamics and factors that must be considered before making the best choice.

The next cryptocurrency to explode

Maker（MKR）

Maker (MKR) has demonstrated the resiliency of its ecosystem with a large number of real world asset (RWA) transactions. This reflects continued interest and activity during market volatility, indicating the positivity of the protocol.

MKR, on the other hand, is trading at $2,000, according to CoinMarketCap. Demand for this altcoin has gradually increased throughout the year, with investors generally being positive.

Market trend:

The market continues to weaken and lacks hot spots. Grayscale continued to sell Bitcoin, U.S. stocks fell, and the U.S. dollar index rebounded. December retail sales data showed a strong U.S. economy, dampening market expectations for a recent interest rate cut.

Market hot spots:

The new ieo project altlayer on bn. alt is a modular infrastructure that helps b-side customers issue rollups with one click, similar to cosmos's sdk. Based on OP rollup technology upgrade, it mainly provides EVM ecological customization services. A total of 2 rounds of financing, the first round of 8000wu valuation, the second round of bn financing, airdrops to retail investors. Manta will be online at 18:00 today.

Crypto News:

-Trump Digital Trading Card launches limited edition “Mugshot” series on Bitcoin
-JPMorgan analysts predict GBTC profit-taking could put further downward pressure on Bitcoin price
-Bitcoin surpasses silver to become the second largest ETF commodity category in the United States
-Dymension announced the DYM economic model: the initial supply is 1 billion, and the inflation rate will be dynamically adjusted based on the pledge rate
-Conflux will launch EVM-compatible Bitcoin Layer 2 solution
- BlackRock Bitcoin Spot ETF assets under management exceed $1 billion
- Monetary Authority of Singapore: Bitcoin spot ETF cannot be listed in Singapore

Market trend:

Bitcoin's weekly line broke, and all the counterfeit stocks fell. The trend was similar to June 2019.
- Grayscale continues to hit the market every day
- BTC weekly support level is 35000, monthly support level is 27000
- ok long-short ratio 2.4 new high

Market hot spots:

l2's manta is online, with a market value of US$2.3 billion and a staking yield of 200%
The public chain CFX is rising, and it needs to transform into btc l2
RWA’s ondo currency has soared. Ondo can help crypto institutions (KYC required) obtain a 5% U.S. Treasury bond yield, similar to mkr
The wif and myro of sol eco-meme have surged. wif is sol’s meme dog, and bn has launched a contract

XAI

The price of Xai (XAI) has surged due to its recent airdrop and listing on major exchanges including BNB. The airdrop rewards early Xai (XAI) NFT collectible holders and validator node operators. Xai (XAI) runs on a decentralized blockchain designed to improve the gaming experience and remove the complexity associated with crypto wallets.

Bitcoin ETFs are taking off, with institutional investors scooping up $1 billion in 48 hours — a clear sign of the cryptocurrency’s rising power. The ETFs, which aim to mirror the performance of Bitcoin, attracted nearly $1 billion in the first 48 hours of trading.

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BlackRock contributed $508 million, while Fidelity contributed $442 million. Despite this enthusiasm, Bitcoin's price has fallen about 8% over the past week. But even with the decline, Bitcoin still packs a punch, with its market cap remaining at $837 billion and daily trading volume of about $24 billion.

Aptos (APT): Token Unlocks and Market Updates

Aptos (APT) plans to unlock more than 24 million tokens in the coming week, accounting for more than 8% of its circulating supply. This event was significant as it brought a large amount of assets into circulation, worth over $260 million. Distributions include tokens provided to core contributors, investors, communities, and foundations. The current circulation of Aptos (APT) exceeds 308 million, with a market value of approximately US$2.8 billion.

Aptos (APT) has experienced significant volume swings, peaking at over $700 million in early January, its highest level in five months. However, price trends present some challenges. After briefly rising more than 13% on January 4, Aptos struggled to maintain momentum and fell continuously in the following days. The price decline has brought the relative strength index (RSI) of Aptos (APT) close to below the neutral line, indicating that the bullish trend is weakening.

Market trends:

The market continues to weaken and lacks hot spots. Grayscale continued to sell Bitcoin, U.S. stocks fell, and the U.S. dollar index rebounded. December retail sales data showed a strong U.S. economy, dampening market expectations for a recent interest rate cut.

Market hot spots:

The new ieo project altlayer on bn. alt is a modular infrastructure that helps b-side customers issue rollups with one click, similar to cosmos's sdk. Based on OP rollup technology upgrade, it mainly provides EVM ecological customization services. A total of 2 rounds of financing, the first round of 8000wu valuation, the second round of bn financing, airdrops to retail investors. Manta will be online at 18:00 today.

In 2023, this round of market conditions started with Ether to hype up Shanghai’s upgrade, and then Bit took over. The copycat performance process. The first is the pledge section, ldo, ssv, fxs, fis, rpl. ankr. The strong performers in the first round were Ldo and ssv.

Then the AI ​​sector was strong. Ai has agix, fet, ctxc, phb, nmr. The strongest performing coins in the first round were agix and phb.

Second-level sectors: op, lrc, celr. The most profound ones are op, then the metaverse starts, sand, mana, alice, etc. The strong performance in the first round is sand, mana.

Then there were chain games, ape, gmt, gala, loka, axs, ygg, and volex. What impressed me most were gala and loka. Then came the concepts of VR rendering, rndr, and high, which appeared in front of us. These two are also the strongest. But the Vricon concept is also new.

In the volatile cryptocurrency market, some assets become smart investments, showing strong and consistent performance amidst the volatility.

Optimism, Sei, Ethereum, Aptos, and emerging currency Bitcoin Minetrix are attracting investor attention. Investors are attracted to these cryptocurrencies as they strive to build diversified portfolios designed to build a solid foundation and achieve long-term success.

Optimism (OP)

Optimism, Ethereum’s layer 2 scaling solution that emphasizes speed and minimal gas fees, is currently on a significant rise, reflecting the broader trend of layer 2 solutions in the crypto space. The significant growth in Optimism’s total value locked (TVL) reflects growing trust and platform usage.

macro trends

1. Market trend: The market rebounds. Memes were flying around in confusion. Grayscale continues to sell Bitcoin.

2. U.S. stocks fell and the U.S. dollar index rose sharply. The Federal Reserve has guided for three interest rate cuts this year, while the market had previously expected six rate cuts.

Market hot spots

1. Fan tokens CHZ, SANTOS, LAZIO, etc. have soared sharply due to the advance hype of the European Cup in June. Jump is the market maker of CHZ and is about to launch a new token economy. Historically, CHZ's movements are less affected by the broader market and tend to rise against the trend when falling.

2. PENDLE and BLUR staking ETH have also risen sharply. Blast has been launched on the test network, Manta is about to be launched on the secondary market, and Renzo on the same track is being sought after by the market.

Market trend:

The market rebounded. The local dogs are flying around. Grayscale continued to ship BTC, U.S. stocks fell, and the U.S. dollar index rose strongly. The Federal Reserve guided for three interest rate cuts this year, while the market had previously expected six rate cuts.

Market hot spots:

Football fan coins such as chz, santos, and lazio have soared, and the European Cup in June is being hyped in advance. chz is jump market making and will launch a new token economy. Historically, the trend of chz has been less affected by the market, and it often rises against the trend when the market falls.

Pendle and blur pledged by eth have soared. blast launches test network. bn’s new Launchpool project manta is about to be launched, and the market is following renzo in the same track

On the cusp of a dynamic shift, the cryptocurrency world is bracing for an era that could stir enthusiasm as much as the Bitcoin ETF mania, heralding a new wave of bullish sentiment. Unlike the broad-based growth during 2020/2021, this next phase is expected to highlight a select few altcoins, making it a noticeably different experience.

Sei (SEI): A rising star in the crypto world

Sei (SEI) is a layer 1 (L1) blockchain that has successfully entered the cryptocurrency market. Since its debut in August 2023, it has experienced a staggering increase of more than 1,500%, placing it among the top 50 cryptocurrencies by market capitalization. This industry-specific blockchain designed for cryptocurrency trading is considered the fastest blockchain in the industry. With ultimate transaction speeds of up to 380 milliseconds, Sei (SEI) is not only fast, it’s leading the blockchain game and redefining speed.

After the price of Bitcoin (BTC) recently reached a two-year high of $49,000, the market is experiencing a correction, and enthusiasm for spot Bitcoin ETFs is waning, especially now that investors have begun to turn their attention to Ethereum (ETH) and similar currencies.

The impact of the positive news from spot ETFs on Bitcoin appears to be waning as investors have ended the pre-passage hype and started taking profits as the market reached its highs this month, after many experts warned that Bitcoin The possibility of currency prices "buying when rumors spread and selling after news is released", for this reason, this downward pattern does not surprise analysts.​

TRON (TRX)

Tron is positioned as a decentralized entertainment content sharing platform and has been making steady progress in the encryption field. Founded by Justin Sun, the platform aims to revolutionize the way content creators and consumers interact. Tron’s recent partnerships and developments, coupled with its low entry point, make it an attractive option for investors looking for strong returns. Additionally, Tron topped the list of daily active addresses on January 8, surpassing Ethereum and Bitcoin with 1.4 million active addresses.

Token Terminal data shows that Tron (TRX) is in the lead, followed by BNB Chain (BNB) with 1.36 million active addresses, Polygon (MATIC) with nearly 600,000 active addresses, and Bitcoin (BTC) with nearly 400,000 Active addresses, Ethereum (ETH) has 362,000 active addresses. As of this writing, Tron (TRX) is trading at $0.1 with a 24-hour trading volume of $271 million, according to CoinMarketCap.

As the first month of 2024 approaches, many are considering the best cryptocurrency investments right now. In January 2024, cryptocurrencies will bring huge profits in the future bull market!

Maker (MKR)

The Maker (MKR) token has shown positive indicators at the start of the year, suggesting that it could be a productive year. On-chain data reflects an increase in activity, indicating a possible positive trend.

Daily active addresses, a key metric that indicates user engagement, has risen since the start of the year. Over 600 addresses are actively trading MKR, a 4% increase from the original 590. The rise in participation indicates growing momentum and interest in the token.

What to watch for Ethereum in this bull market:

1. The decentralization of Ethereum staking, represented by $SSV , the staking track will develop into three layers: L0 for DVT, L1 for pledge (represented by Lido), and L2 for re-pledge (represented by EigenLayer)

2. The L2 performance optimization brought about by the Cancun upgrade will not be discussed here.

3. DA data power competition, the competitor is $TIA, the orthodox ones are $ENS and EigenLayer’s DA

4. Whether RWA will be adopted on a large scale by traditional institutions? Since it is mainly concentrated on top DeFi and the current average revenue on the market has increased, it remains to be seen whether RWA will be adopted on a large scale.