Followin' the new high of Bitcoin as a reference, the progress of the Altcoin bull market is about 20%, and there are still ample opportunities for intervention. Most Altcoins are still in a moribund state, and have not broken through during the process of Bitcoin reaching new highs, only a few have started to exert force, such as XRP, ADA, TRX, XLM, LINK, reaching new highs or approaching the previous highs. The vast majority of the second-tier Altcoins that have been invested by large institutions are still hovering around the bear market level, which is precisely the opportunity. As long as the project is still in operation, it is highly likely that institutions have already intervened and realized control. When the time is right, it can pull you up three to five times in 7 days, or even one day, and within a month, the three to four years of oscillation can be fully released. Altcoins can complete the bull market process of Bitcoin in 7 days, and as long as they are the second-tier Altcoins of large institutions, in a truly rampant bull market, 99% of them will explode, with a bottom of three to five times, and a considerable part will even have an increase of more than 10 times.
The price of JasmyCoin (JASMY) is $0.04602, up 6.24% in the past 24 hours. The market capitalization is $2.27 billion, up 5.46%, and the 24-hour trading volume is $244.75 million (+29.92%). The fully diluted valuation (FDV) is $2.29 billion, with a circulating supply of 4.939 billion JASMY and a maximum supply of 50 billion.
JasmyCoin has performed exceptionally well over the past year, with its price increasing by 645%. This performance surpasses most of the top 100 crypto assets. Furthermore, JASMY's trading price is significantly higher than its 200-day simple moving average (SMA) of $0.024078, indicating a strong upward trend.
The Fear and Greed Index is currently at 80, indicating "Extreme Greed", reflecting strong optimistic sentiment among investors. Over the past 30 days, JASMY has maintained a stable momentum, with 16 days (53%) closing higher.
JasmyCoin continues to exhibit a positive momentum, supported by strong fundamentals, stable liquidity, and optimistic market sentiment. However, the current "Extreme Greed" index suggests that investors should exercise caution, as a short-term correction may occur. JASMY's stable performance indicates its potential for further upside, but there are some volatility risks.
2.GALA
Gala's trading price is $0.05086, up 3.53% in the past 24 hours. The market capitalization is $1.85 billion, up 3.55%. During the same period, the trading volume increased by 6.56% to $259.71 million. The fully diluted valuation (FDV) is $1.96 billion, and the trading volume to market cap ratio is 13.95%. Gala has a total supply of 38.57 billion tokens.
Over the past year, Gala has exhibited a robust upward trend, with its price increasing by 65%. Its trading price is 68.97% higher than its 200-day simple moving average (SMA) of $0.030124, indicating strong momentum and consolidating the positive market trend. The market sentiment remains optimistic, with the Fear and Greed Index currently at 80, reflecting this "Extreme Greed" reading, which indicates strong investor confidence.
Gala's performance has also been highly stable. Over the past 30 days, Gala has had 19 up days, accounting for 63% of the time. This reliable upward trend suggests the company's stock price is steadily rising, and investors have a strong interest in it. The liquidity conditions are also highly favorable, with a high 13.95% trading volume to market cap ratio supporting efficient and active trading.
3.ENA
Ethena (ENA) has performed strongly in the recent crypto market bull run, attracting significant attention. Over the past week, ENA has surged 12.80% to reach $1.13, with its market capitalization increasing to around $2.04 billion.
In the past 24 hours, ENA has further increased by 14.02%, outperforming many other Altcoins. Its market capitalization has also jumped 14.03%, currently reaching $3.32 billion. This price surge occurred after breaking through the $0.862 level on December 10th, completing a descending wedge pattern. This pattern shows a narrowing range of lower highs and lower lows, typically signaling an uptrend. This breakout reflects strengthening buyer momentum, indicating further upside potential.
Technical indicators are reinforcing the optimistic sentiment. Increasing trading volume and bullish moving average crossovers suggest the uptrend is continuing. The $1 support level has proven to be solid, and if ENA can break through the $1.19 resistance, the price seems poised for further gains.
More excitingly, Ethena Labs recently announced details of the upcoming stablecoin USDe. Unlike traditional stablecoins like Tether (USDT) and USD Coin (USDC), USDe is designed for trading and can serve as an investment tool that generates returns. This innovation highlights Ethena's efforts to stand out in the DeFi space.
The uniqueness of USDe lies in its collateralization mechanism. It does not rely on fiat reserves but instead collateralizes ETH to generate yields. This approach eliminates short-term financing rates and offers an impressive 29% annual yield for holders. These features make USDe an excellent high-yield option, further enhancing Ethena's appeal to investors.
