Ethereum has entered a new stage of development. With the help of many positive factors (such as the launch of ETFs, the booming ecosystem, and positive deflationary trends), its growth momentum will continue to increase. Just be patient and wait for good news.
The core story of the current bull market still revolves around areas such as artificial intelligence, games, MEME, public chains, staking, and RWA, and the rotation rules of these sectors are still effective.
The overall market trend remains optimistic. The short-term correction and stabilization after a sharp rise is an ideal time for layout.
Do not frequently adjust positions and change stocks. Past bull market experience shows that easily giving up the chips bought at low prices and blindly chasing high prices is often the main reason for losses in the bull market. Only when the time is right can you dance calmly.
Ethereum is performing strongly, and some non-mainstream currencies (altcoins) are gradually recovering. Once they have completed their adjustments, the seasonal boom of altcoins will complement the full outbreak in the fourth quarter.
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Buy these cryptocurrencies in 2024 and get 100 times the return!
1.WIF
Against the backdrop of an increasingly mature and competitive cryptocurrency market, we explore whether the WIF token based on the Solana network has the potential to replicate the amazing gains of the SHIB token in 2021, or even break through the high of $10.
As an emerging memecoin, WIF has gradually attracted the attention of investors with its rapid rise and significant whale trading activities. The token is community-driven and features a cute Shiba Inu wearing a pink knit hat, giving it a unique charm. Given that WIF is still in its early stages of development, market participants have begun to speculate on whether it is possible to replicate SHIB’s explosive growth in 2021 and jump to the key price of $10.
As investors continue to pour in, the price of WIF tokens is expected to rise further. In the short term, the market optimistically predicts that it may reach a new high of $4 or even $4.8. However, all this still needs time to verify, and the volatility and uncertainty of the cryptocurrency market cannot be ignored. When making decisions, investors should carefully assess the risks and make reasonable judgments based on their personal financial situation and investment goals.
2.PEOPLE
Perhaps among the mainstream exchanges, "PEOPLE" has become the only remaining popular currency related to the current election, and it has not yet experienced a lot of market hype as the election on November 5 is approaching. Looking at the current data, Trump has occupied five of the seven key swing states.
According to past election rules, Trump is usually considered to have a good chance of winning in such situations. After all, he once vowed to make the country great again!
At present, the performance of the "PEOPLE" coin is only lacking a strong, 10-centimeter super-large positive line to break the deadlock and clearly start the trend. All conditions are ripe, except for this key positive line that can stabilize the market! I firmly believe that its arrival is not far away.
3.GRT
The Graph is highly regarded for its efficient and economical decentralized data access service, with 99.99% high availability and 24/7 operation. The system is built on subgraphs, which are APIs that organize and provide blockchain data to developers and users. Currently, the network has more than 100 indexer nodes, processed up to 1.23 trillion queries, and supports more than 70,000 projects. In this process, the GRT token plays a key role, which promotes the efficient organization and provision of data through an incentive mechanism.
In the past 24 hours, the price of The Graph (GRT) has increased significantly by about 9%, with trading volume reaching $108.98 million. Furthermore, the coin has gained 4.82% in the past week and 18% in the past 30 days. The Graph has been trading in an ascending channel since August, which bodes well for its long-term upside potential.
From the technical indicators, the red histogram on the 1-day chart is declining, while the moving average convergence divergence (MACD) shows signs of bullish convergence, which reflects that the positive expectations of the cryptocurrency market on The Graph are increasing. In addition, the simple moving average (SMA) has completed a bullish crossover, providing strong support for the price.
If this uptrend is extended, The Graph is expected to test its $0.1980 resistance level. If the bullish sentiment further grows, the price may even break through this resistance level and reach a higher level of $0.2650. However, if the market experiences bearish pressure, GRT may retest the support trendline of the ascending channel. If it fails to sustain this level, the price may fall to the critical low of $0.1375 in the coming weeks.
4.WLD
The price of WLD is still low, but its shape is good, coupled with the almost cost-free mining mechanism and perfect operation system, making this price correction seen as a potential opportunity. After several market cleansings, the price of WLD has fallen sharply by 90%. However, for this currency that is highly controlled by the dealer, its rise and fall largely depends on the dealer's decision.
WLD itself has unique charm and hype potential, and the currencies in this field often attract market attention and hype periodically. During the bull market, the market can carry various large bubbles. In sharp contrast to the stock market, the lower the attention, the easier it is to rise. However, in the cryptocurrency market, after the price rises, the more followers there are, the stronger the upward momentum becomes.
5. TREES
Recently, the rapid rise in BOME prices has attracted the attention of many investors. It has successfully broken the long-standing descending triangle consolidation pattern and broke through the reversal range between $0.0076 and $0.0080 in one fell swoop, showing a strong upward momentum. Although the price is currently in the confirmation stage of the double bottom pattern, there may be a small correction before the rise continues.
BOME has successfully crossed the resistance area and shows strong potential to hit the key range of $0.01124 to $0.01155. However, as trading volume continues to rise, the price may briefly pull back to around $0.0085. At the same time, the Balance Volume (OBV) indicator has rebounded and steadily increased, indicating that it is about to break through the previous bearish level. Therefore, it is expected that the price of BOME will remain high for the rest of 2024 and is expected to break through the $0.15 mark before the end of the year.
As the altcoin season approaches, Book of Meme (BOME) is expected to be one of the beneficiaries. Currently, BOME is trading at $0.009551, up 20.32% in the past 24 hours and 49.58% in the past 30 days. Its relative strength index (RSI) is 44, showing that its current value is undervalued, so it may be a wise choice to buy at the current price. If the altcoin season arrives as expected, the maximum price of BOME may climb to $0.02.
In addition, BOME has gained more applications and support after being added to PengyOS. In the past year, its value has increased by 948.48%, although it has not yet reached its all-time high. As Bitcoin ETFs continue to buy more Bitcoin than the mining supply, the profit potential of other altcoins (especially meme coins) seems more promising. With the fourth quarter approaching, now may be a great time to join BOME and avoid missing out.
