Brothers, let me share two points today: First point: These four altcoins will have a 20-fold increase in 2024! Second point: Bitcoin is likely to fall back to the bull market support level of 38,000! I create content with my heart every day. Please give it a like and follow it and grow with me!
Kaspa (KAS)
Kaspa has caught the attention of industry experts who believe prices may rise in the future. Experts emphasize technical indicators, predicting a target of $0.40 for KAS based on the logarithmic chart of the Fibonacci tool. Additionally, the analysis also points to oversold levels, and historically, Kaspa has been trending upward from these points. Therefore, this suggests a possible reversal after the recent decline.
Furthermore, the analysis suggests potential growth of approximately 100% compared to current levels. However, the exact timing of this movement remains uncertain. The indicator's oversold status suggests an imminent reversal after the recent market downturn. As such, it emphasizes fundamental positioning for future growth amid market volatility.
Kaspa’s positive price momentum may be attributed to the token’s increased adoption, including listings on major exchanges. Likewise, the project has also seen collaborations with other projects. In addition, the upgrade of the ecosystem has also caused the value of KAS to increase significantly by 2,300% this year.
Analysts expect continued growth to be driven by a strong focus on Kaspa's innovation ecosystem. They also foresee the impact of the KAS halving planned for August 2024. This mechanism will reduce the supply of the cryptocurrency, potentially pushing the price higher if demand remains stable.
Aleph Zero
The AZERO Foundation launches CTRL+Hack+ZK, a virtual hackathon from January 10 to January 31, 2024. The event aims to promote innovation and collaboration in the blockchain space, with a specific focus on advancing the AZERO blockchain. Additionally, the program includes Rust and Ink! Workshops, educational sessions, and direct mentorship from AZERO’s core development team and ecosystem partners.
Evaluating AZERO’s performance indicators, the highest recorded price in the last period reached $1.953930. Sentiment analysis indicates a bullish outlook for AZERO’s price prediction. The Fear & Greed Index score is 72, indicating the presence of “Greedy” sentiment.
According to the latest statistics, the circulating supply of AZERO is 266.78 million AZERO tokens. Additionally, its annual supply inflation rate is 65.22%, with 105.31 million AZERO tokens created over the past year.
Highlights of AZERO include a 99% price surge last year, outperforming 59% of the top 100 crypto assets. AZERO’s price trend is consistently above the 200-day simple moving average, reflecting a positive market stance. In the past 30 days, positive price movements were observed on 15 days, with a frequency of favorable trading days of 50%.
Kujira (KUJI)
KUJI’s current trading status is showing a positive trend, continuing above the 200-day simple moving average. Furthermore, it has been in an uptrend for 15 of the past 30 days. Therefore, this marks a 50% share of positive trading days.
On December 14, 2023, Kujira's stock price reached an all-time high of $5.58. In comparison, the lowest price recorded was $0.001910 on May 16, 2022, marking a significant amount of volatility. The lowest price observed since ATH was $3.96. Meanwhile, the highest value after the cycle low hit $5.18, known as the cycle high.
Currently, market sentiment surrounding KUJI price predictions is leaning towards the bullish side. This is consistent with a Fear and Greed Index score of 72, indicating that investors are greedy. Furthermore, KUJI currently has a circulating supply of 122.35 million KUJI, while the maximum supply is 122.35 million KUJI. Additionally, the annual supply inflation rate is 132.85%, with 69.8 million KUJI created last year.
Axles（AXL）
AXL's recent market performance reflects the bullish sentiment among investors, with current price forecast sentiment and a Fear & Greed Index reading of 72 indicating the greedy state of the market.
The circulating supply of AXL is 525.25 million AXL tokens, with an annual supply inflation rate of 618.23%. Notably, approximately 452.12 million AXL tokens were generated last year alone.
Key highlights of Axelar's performance include a massive 117% price increase last year. It has outperformed 62% of the top 100 crypto assets during this period, consistently trading above the 200-day simple moving average. The project has also performed positively relative to its token sale price, demonstrating resilience and growth.
Additionally, AXL has seen 19 green cycles over the past 30 cycles, accounting for 63% of observed cycles. Furthermore, its market liquidity remains significant, which is confirmed by its market capitalization.
Bitcoin is likely to fall back to the bull market support level of 38,000
Everyone is very confused about the current market situation.
Should we enter or not? Here is Adong's opinion, which you can use as a reference.
In the past two days, there have been continuous fluctuations, rising a little and then shrinking back again. This move reminds me of a familiar word: short-selling.
Now there is only one key core of the entire market: Bitcoin spot ETF, and even tonight’s non-agricultural data, few people care about it.
Some media reported that a clear answer will be given on Saturday, that is, today, but these media are basically talking nonsense and not doing things firmly.
We may not know the final answer until the 10th.
Once the ETF is approved, according to the current market conditions, there will definitely be a wave of soaring, but this wave will definitely not directly enter the bull market. The market will definitely pull back at the right opportunity, when the leeks are most afraid, and then only Will enter the bull market smoothly.
Once the ETF does not reject, two situations may occur:
The first type: A bad thing is a good thing. Once the shoe lands, the market will also release the risk of rejection into the current price in advance. The market will fluctuate at the current position and slowly climb up later.
The second type: The banker takes advantage of the situation. As we mentioned above, there must be a sharp decline before the bull market comes. If the banker takes advantage of the wave and starts a sharp decline, it is also possible.
As retail investors, we don’t need to panic about this. We will buy the bottom when it falls. We will buy the bottom while it falls, and strive to shoot out 80% of the bullets in this big drop.
2，
I have said before that this month may be the last opportunity to enter this bull market, and now it seems that the probability of this happening is very high.
24 is a big year for cryptocurrency, and the first thing you have to make sure is to sit in the car.
Which seat to sit in depends on your own preference. It's no problem if you sit in the top 20 by market value.
We must believe in professionalism. The famous cryptocurrency data analysis platform Messari has a rule that all its analysts must disclose their personal private holdings every quarter.
The daily work of these top analysts is to study various projects, analyze and organize various data, and come up with market expectations.
The information, news and views on future market conditions they can receive are definitely more professional than mine.
We all just talk big, thinking that this is good, so buy...that is good...buy..., the rise and fall all depends on luck.
So their positions can be used as our reference:
Recent positions show that most analysts hold sol, akt, link, arb, and atom. You can take a look at the recent performance of these projects.
3，
However, if the bull market really comes.
It doesn’t matter what exactly you are holding, all that matters is that you are in the car.
Some projects with clear value have mostly increased by around 8 times.
Finally, I would like to remind everyone, don’t gamble. Many people have been wiped out in this wave, including many veterans in the currency industry.
If you don't have a basic respect for market risks, you will be exposed sooner or later.
If I were to judge the mid- to long-term market, I personally believe that Bitcoin will most likely hit the 38,000 bull market support line at some point in time.
Referring to history, every time a bull market starts, Bitcoin will step back to confirm the support of the bull market. This trend will be healthier and Bitcoin will rise higher.
If you back down, everyone decides what to do.
The above content is for investment reference only and does not constitute investment advice. Please participate with caution.