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The market continues to fall, and the future market trend is predicted! Investing in 3 major cryptocurrencies can earn up to 100 times the profit
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Cryptocurrency prices have plummeted sharply today, with BTC price dropping significantly, briefly touching $91,000. Ethereum (ETH), Solana (SOL) and XRP have also reflected this broader bearish trend, continuing to decline. The value of MEME coins has also declined, reflecting the overall market sentiment.
Bitcoin Price Today
BTC price has fallen more than 1.66% in the past 24 hours, currently trading at $93,325, with a 24-hour price range of $90,800 to $94,999. Bitcoin's market cap is $1.84 trillion, with a trading volume of $90 billion, accounting for 57.52%.
As of November 26, the outflow of funds from BTC ETFs reached $122 million, with BlackRock's data yet to be released. Fidelity leads with an outflow of $95 million. Meanwhile, the Brazilian Congress is considering a bill aimed at establishing a strategic Bitcoin reserve.
Forecast of Future Market Trend
Based on historical trends, the current Bitcoin trend is similar to 2020. It started rising in October and doubled by the end of November. At that time, Bitcoin rose from $10,000 to $20,000, and this time it rose from $50,000 to $100,000. In the last week of November, especially on "Black Friday", the market often experiences a correction, mainly because many retail investors will sell some assets for consumption.
Although the capital outflow is not significant, many investors will expect a market correction, so even if they do not go to consume, they will still choose to sell at high prices, thereby exacerbating the downward pressure on the market. During the "Black Friday" period last November, Bitcoin corrected by 16%. This year's correction may be slightly smaller, but if Bitcoin price can stabilize around $87,500, it may be a good buying opportunity.
The following are the most promising Altcoins for 2024
DOGE (Dogecoin)
Today's Price Analysis: The current price of Dogecoin (DOGE) is $0.3949, with a 24-hour trading volume of $10,212,970,223. This indicates a price increase of 1.65% in the past 24 hours and a 1.25% increase in the past 7 days. The circulating supply is 146.91 billion DOGE, and Dogecoin's market cap is $58,073,867,730.
Characteristics: As the leader in the MEME sector, despite having experienced deep corrections in the past, its community enthusiasm remains undiminished and it has the support of celebrities like Musk.
Potential: If Bitcoin continues to grow or breaks new highs, DOGE has the potential to achieve significant profits.
ONDO
Today's Price Analysis: The current price of Ondo (ONDO) is $1.03, with a 24-hour trading volume of $205,978,470. This indicates a price increase of 3.99% in the past 24 hours and a 3.68% increase in the past 7 days. The circulating supply is 1.44 billion ONDO, and Ondo's market cap is $1,488,271,344.
Characteristics: As a new cryptocurrency launched on January 8, 2024, it has continued to steadily rise since its launch, with its market cap growing from $250 million to $1 billion.
Potential: In the RWA track of financial protocols and the on-chain practice of Web3 investment banks in US Treasuries, ONDO has shown tremendous growth potential.
RENDER
Today's Price Analysis: The current price of Render (RENDER) is $7.50, with a 24-hour trading volume of $294,076,416. This indicates a price increase of 0.66% in the past 24 hours and a 7.69% decrease in the past 7 days. The circulating supply is 517.69 million RENDER, and Render's market cap is $3,883,861,025.
Characteristics: An innovative distributed GPU rendering network, leveraging the power of blockchain technology, built on Ethereum.
Potential: With the widespread adoption of AI intelligence and the continuous increase in public recognition, RENDER is expected to achieve a breakthrough in the digital currency AI sector.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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