Bitcoin, the bull run may have begun or is about to begin
Great people always start unconsciously and grow in hesitation!
After each halving, Bitcoin will experience a consolidation period of about 6 months.
In 2016, it took 170 days to break through the previous high after the halving and start a bull market
In 2020, it took 197 days to break through the previous high after the halving.
170 days have passed since the 2024 halving.
There are possible signs of a bull market in the short term. If Bitcoin breaks through $70,000 and stabilizes, it may officially mark the start of a new round of market trends.
Currently, the market sentiment has improved, and the price of the currency has stabilized at 62,000 and shows signs of rising. However, the old investors unanimously believe that breaking through 73,000 US dollars will truly enter a bull market.
Based on the prediction of historical cycles, according to the analysis of Bitcoin's halving cycle, the violent cycle after halving starts 170 days after the halving. October 7, 2024 is this key node, which suggests that the bull market may have begun or is about to begin.
Judging from the currency price, Bitcoin had been trading sideways around 62,000 before October 7. It did start an upward trend at 8:30 am on October 7, breaking through 64,000 yuan in less than an hour.
In the following few days, there was a rapid pullback to around 59,000 to lure short sellers. This is very likely to be the last period below 60,000. It has now stabilized at 62,000 again.
All information points to the fact that a bull market may have already begun or is about to begin.
Layout of the 4 major altcoins that will increase up to 100 times in the future!
1.CHR
Chromia is a modular blockchain platform designed for creating decentralized applications (DApps). ChromaWay, the creator of Colored Coins, built the platform to scale DApps and address real-world challenges. The platform serves various sectors such as finance, gaming, real estate, and public services.
In addition, Chromia's unique relational blockchain architecture allows each node to efficiently store and query data. This design can speed up transactions, reduce fees, and improve scalability for building decentralized applications. Developers can also use familiar programming languages such as SQL and JavaScript to create DApps on the platform.
In addition, Chromia supports public, private, and hybrid blockchain models, providing enhanced flexibility and control. The platform can process up to 100,000 unit updates per second, greatly improving scalability. It also ensures security through cryptographic methods and Byzantine Fault Tolerance (BFT) algorithms.
CHR is trading around $0.1825, reflecting a 3.58% gain over the past week. The recent rise is in line with the long-term growth of 56% over the past year. Furthermore, CHR is trading 109.30% above its 200-day simple moving average (SMA), showing strong overall performance.
The 14-day relative strength index (RSI) is around 63.74, indicating balanced market conditions. CHR has recorded 15 positive days in the past 30 days, with a 50% consecutive increase. Its volume-to-market cap ratio is 0.34, indicating high liquidity. Therefore, CHR offers strong investment potential with its steady growth, solid performance, and strong liquidity.
2. NEURO
Neiro Ethereum was inspired by a Shiba Inu named “Neiro”, the dog of Atsuko Sato. Interestingly, Sato is also the owner of Kabosu, the Shiba Inu that inspired the original Doge meme coin. The token gained a lot of attention when the founder of Ethereum donated a portion of his $NEIRO to charity and burned the remaining tokens.
Neiro Ethereum was launched on Ethereum after various Neiro-themed meme coins emerged on Solana. While those Solana-based tokens struggled to gain dominance, Neiro Ethereum quickly gained traction, quickly becoming the 15th largest meme coin by market cap before subsequently withdrawing. Within days, $NEIRO became the leading coin in the Neiro meme space on Ethereum.
Currently, NEIRO is gaining popularity due to token donations and its outstanding market performance. The token recently broke through a long-term resistance level and achieved 100% growth this week. It continues to show strength, up 13% in the past 24 hours and trading at $0.00003918. In addition, its relative strength index (RSI) is close to 60, suggesting a potential bullish trend.
Given that Neiro Ethereum has quickly risen to become the 15th largest meme coin by market cap, it is expected to continue to be a key player in the meme coin space. Investors may consider investing part of their portfolio in this token. Some speculate that it may reach $1 in the future. While the target price is ambitious, a price of $1 corresponds to a market cap of $1 billion, which seems achievable if the token maintains its current momentum.
3.RENDER
Often referred to as the “Nvidia of cryptocurrencies,” Render is one of the beneficiaries of advances in artificial intelligence (AI) technology. The recent “explosion” of AI solutions has driven the token’s price higher and has been interpreted by investors as a “buy now” signal. Recent technical analysis suggests that its price is likely to continue to rise in the coming days and weeks.
The Render token is currently trading at $5.54, with a profit of over 34% today. The chart reflects a cumulative gain of nearly 650% since inception. Under favorable market conditions, the maximum price of the Render token could reach $10.68 by the end of the year. Increased investor interest could also push RNDR to a new all-time high (ATH) in 2024.
The coin’s relative strength index (RSI) is around 40, while the moving average convergence divergence (MACD) is close to zero. This setup hints at a potential shift where bulls could overwhelm weak bearish sentiment. Such a scenario could push RNDR’s price higher. Investors aiming to take advantage of the upcoming rally should monitor these resistance levels to look for the best entry points.
Overall, RNDR shows good signs of a possible bull run. Currently trading between $5.2 and $6.7, the recent daily gains are over 4%. The nearest resistance is at $5.1, and a break above this level could push RNDR to $6.
4. EVEN
Celo is a decentralized platform designed for cryptocurrency indexes and actively managed funds. It runs on the Solana blockchain and leverages the Celo Engine to provide a variety of features. Its services include on-chain funds, indexes, and multi-token liquidity pools. In addition, it supports liquidity routing between indexes and decentralized exchange (DEX) aggregators.
Celo also provides a public API that allows other DeFi projects to easily integrate its products. Fund managers can create and manage funds composed of multiple tokens, which can be reweighted, rebalanced, or refiltered according to custom rules. At the same time, users can build their own actively managed funds or indexes and trade funds set up by other users or protocols.
Currently, the token is trading at $0.004332. Despite the recent drop in value, it still shows a healthy growth of 59% over the past week. Analysis of its 24-hour chart shows that it has rebounded from the 48-hour low and is currently showing a green candlestick chart. CELO is trading 47% above its 100-day simple moving average (SMA), highlighting its long-term stability.
The launch of the Celo user interface marks a significant advancement for DeFi. It is reshaping the way users manage and interact with cryptocurrency portfolios. As more features are rolled out, the platform is expected to attract a wider investor base. Therefore, given its continued development, this could be a strategic time to invest before the token’s value soars.
(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
