Yesterday, Bitcoin and Ethereum took off, bringing the entire market with them. The speech also confirmed a rate cut, which is another good news push, so let’s get started.

Yesterday, the price of Bitcoin soared to 43,500, and immediately touched the pressure point of 44,000, but it did not reach the top, and began to show a closing divergence, showing a downward trend. Now it has reached 42,700, and began to fluctuate up and down. Looking at this divergence trend, it may go to around 42,000.

You can buy bitcoin on dips now. Don't wait for a big correction to 30,000 before buying. This may not be easy to wait. Now the corrections are small-band. From a big perspective, the trend of bitcoin is still going up. Don't chase it with Fomo. Look for opportunities in batches.

In Powell's strong speech, he has repeatedly emphasized that the Fed will not raise interest rates in December. The key is to look at the dot plot. The dot plot shows that there may be a 75 basis point interest rate cut in 2024. Although this data is higher than my personal expectation of a 100 basis point interest rate cut, it is higher than the 50 basis points given in September. The market is still positive. The market currently expects a 130 basis point interest rate cut in 2024, compared to only 115 basis points before. This means that at least from now on, the probability of a rate cut starting in June 2024 has increased, which is a good thing for#BTCand #ETH.

5 Top Altcoins to Buy Right Now

1. Celestia (TIA)

First up on our list of top altcoins worth buying is Celestia. Celestia entered the crypto market in November 2023 and immediately earned the title of a “rising star.” In just one month, the project’s component — the TIA coin — has increased its initial value by nearly 500%, steadily approaching a $2 billion market cap.

Specifically, TIA has risen 20% per day in the last week, stabilizing at $12.4785, with a high (daily and historical) of $13.0902. The upcoming airdrop has greatly increased excitement about the asset, demonstrating the community’s real interest in the project.

2. Bunker (Bunker)

For quite some time, Bonk has gained a lot of attention in the community and is considered a new key player in the memecoin market.

As a result, the asset has grown 115 times year-on-year and has grown 411% in recent months. The asset’s market capitalization is as high as $764 million, making Bonk the third largest memecoin in the world, ahead of Pepe and Floki.

While most memecoins have proven to be pump-and-dumps with no operational backing, Bonk changes that paradigm. The token was created on the Solana network to improve liquidity on Solana-based decentralized exchanges (DEXs) and increase scalability of on-chain decentralized applications (dApps). The utility is boosted by a large community distribution, with 50% of tokens randomly airdropped to users.

As of the time of reporting, BONK is showing bullish sentiment, illustrated by a triangle pattern. The price remains within the $0.0000122 range. However, BONK is not growing alone. It is a key factor behind Solana (SOL)’s price action, as can be demonstrated below.

3. Solana (SOL)

The long-standing protocol has managed to attract attention from both small traders and institutional investors this year. Given that SOL is the sixth largest token based on market cap, the token is setting the cryptocurrency market and it is very sensitive to market reactions.

That said, SOL has been volatile in recent months, but the volatility does not cover its core trend. The price surge occurred amid bullish sentiment, which is clearly in line with Bitcoin's development.

Meanwhile, SOL’s plunge from $78.20 appears to have formed a triple bottom pattern with signs of future gains. The current price of $69.20 indicates that the third lowest support level is approaching.

Regardless of the technical details, Solana remains a foundational blockchain that plays a vital role in shaping the crypto industry. Its importance will grow exponentially along with the price of SOL in the coming bull run.

4. WhiteBIT Coin (WBT)

WhiteBIT Coin positions itself as a “traditional investment option.” While other utility altcoins operate based on token economics, WBT takes a different tack by unlocking unique services within the product ecosystem.

Take, for example: WBT Boost – a cryptocurrency deposit tool with favorable conditions, or WB Soul – an opportunity to create non-transferable and unchangeable tokens based on Soulbound technology.

Besides user benefits, WhiteBIT Coin is primarily an essential component of WB Network - WhiteBIT's native blockchain, designed to ensure greater scalability and faster operability of exchange processes.

In short, the main goal of WB Network is to take the overall user experience several notches further by increasing TPS and reducing fees.

Nonetheless, the token economics do work for WhiteBIT coin — through burning, its supply and demand remain within the $5.7 range, defining the asset purely as a utility token.

5. Injection (INJ)

The last coin on our list of altcoins to buy is Injective. INJ ranks among the best performers of the month. In the last 7 days alone, it has turned over 54% in a bull run.

This trend was further exacerbated as the price of Bitcoin surged towards $30,000, increasing its value, placing Injective among the top 50 largest tokens with a market cap of over 2 billion.

INJ has the support of cutting-edge DeFi first-layer projects to ensure cross-chain development. Through the implementation of consensus, Injective can be far ahead of other financial blockchains, which will inevitably promote the development of its native token.

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