Market analysis:
Ethereum ETF has been quite popular recently. You can pay attention to the news released by Ethereum ETF today. The entire cryptocurrency market will usher in an important answer, which is directly related to when the bull market will start. There are two situations, pass or fail. If it passes, the market will rise rapidly, ETH may directly break through 4000+, and the altcoin spot will rebound year-on-year and directly enter the bull market, which is expected to last until the end of the year (there may be fluctuations in the middle).
The market always rises in doubt. At present, some people believe that it will pass, and some people believe that it will not pass. These two groups of people have formed inconsistent market expectations, and the market can often only continue under such circumstances. Therefore, as I said yesterday, before the news is released, all the retracements can be boldly taken. After all, expectations will continue to be hyped. After the news is released, if it is good news, it will rise and then retrace, and continue to rise after retracement. If it is bad news, it will definitely retrace, but I personally think that the intensity will not be too great. After the retracement, continue to hype whether the Ethereum ETF will be passed, so there will still be a wave of technical rebound! So, no matter what, what we need to do is to control our positions! Just be able to advance and retreat freely!
Among the rising Altcoin, which names stand out, gaining strength from the fact that Bitcoin (BTC) is hovering around $70,000?
5 Best Altcoin to Watch
$PEPE PEPE is the recent shining star in the Memecoin category, $PEPE growing by 6.20% in the past 24 hours. Memecoin has responded quickly to the recovery of BTC and ETH, making the investor audience smile and full of confidence in the memecoin market.
$KAS marks another upward momentum for Kaspa in the last days of 2023. With a performance of 5.80% in the last 24 hours, it entered the list from third place in November. In case of development of the Kaspa ecosystem, more drastic parity changes may be observed.
$WIF WIF is one of the most popular memecoins in the Solana ecosystem and has seen a 5.50% increase in the last 24 hours. WIF has had an impact not only on memecoins in the Solana ecosystem, but also on a large portion of the category and seems to be mentioned frequently in this bull run.
$JASMY JASMY is known for its strong gains in past bull runs and it is happening again. JASMY has grown 5.30% in the past 24 hours and ranks fifth on the list.
$AVAX
Avalanche is a high-performance, interoperable ecosystem built for decentralized financial applications and enterprise blockchains. The Avalanche network supports a full set of Ethereum development tools through its sub-second transaction confirmation function and can operate millions of network validators simultaneously.
AVAX has risen rapidly following the good news on Monday. Reclaiming $40 is a very positive sign. The up move from the 20-day EMA ($36.62) has pushed the price to find buyers above the $40 resistance.
Everyone is welcome to join the exchange group to communicate and learn together!
- Secondary spot ambush
- Contract strategy recommendation
- Weekly wool sharing,
- Currency risk warning and other services...
Thank you for reading. If you like it, please like and follow me. See you next time!
Join the community: Please add WeChat: mcty577
