As reported by Coin World Network:
Article Source: Public Account Pepe Soha
The nature of the “bullish initial” stage has already manifested as the market has come this far, with Bitcoin’s market value ratio continuing to reach new heights, following the script of the past!
Bullish Initial (Bitcoin consistently creating high points in market value ratio, altcoins drained and decadent)
Bullish Middle (Bitcoin’s market value declines, Ethereum gradually recovers strength and takes over the rising market value ratio)
Bullish End (Bitcoin’s market value continues to decline, funds flow into altcoins, altcoins experience explosive gains)
Bull to Bear (continuous surges cause the market to FOMO, trapping retail investors who buy at the peak, bull market cycle ends)
Most altcoins achieve 80% of their gains in 2% of the time, so this is a difficult thing to grasp. The only thing we can do is hold on before the explosion. Those who fantasize about making waves are either missed or trapped. Look far ahead, only long cycles can capture the main rising wave of the bull market without missing it!
After the U.S. election, Bitcoin is expected to break new highs! Layout 4 altcoins explode 10 times!
1.SOL
Solana is an open-source blockchain platform that supports decentralized finance (DeFi) applications, focusing on fast transaction processing. Solana is famous for its short processing time, which has attracted widespread attention in the market, attracting more and more users and ecosystem participants.
The increase in participation reflects people’s interest in Solana’s technology and its potential to solve various financial applications. The platform is developing steadily, and recently, Solayer has launched the stablecoin sUSD, which is backed by U.S. Treasury bonds. This stablecoin supplements Solana’s expanding tokenized financial product portfolio, indicating a growing interest in creating various financial tools on the blockchain.
In addition, Solana’s token (SOL) is priced at $161.91, down 0.83% in the past 24 hours. At the same time, the token has risen overall by 12.6% in the past month. The market sentiment remains neutral, and the fear and greed index shows 69, indicating a “greedy” environment.
Solana’s trading price is 14.12% higher than its 200-day simple moving average (SMA) of $141.54. The token has risen for 15 consecutive days in the past month, thanks to strong liquidity relative to its market value. These indicators suggest that the activity level and continued attention of the Solana ecosystem are on the rise.
2.LINK
Chainlink has recently made significant progress in the decentralized finance (DeFi) field by extending its services to multiple blockchain platforms. A notable move by the platform is the deployment of 34 services on 14 blockchains, clearly demonstrating its expanding presence and strategic growth in this field.
The platform’s integration with Ethereum’s second layer solutions (such as Arbitrum and Base) and major first layer networks (such as Solana and Hedera) highlights the expanding coverage of Chainlink. These integrations aim to make Chainlink’s tools more accessible, thereby promoting its ecosystem growth across various blockchain networks.
In addition, Chainlink is advancing interoperability through its Cross-Chain Interoperability Protocol (CCIP). The protocol aims to facilitate secure asset transfers between blockchains, fostering connectivity and collaboration between different platforms, which can enhance Chainlink’s influence in the DeFi field.
In the market, Chainlink’s token LINK is currently priced at $10.61, down 3.61%. Despite price fluctuations over the past month, LINK has risen for 15 days in the past 30 days, with a stable trading volume to market value ratio of 0.0668, indicating stable liquidity relative to its market size.
At the same time, despite LINK’s price volatility, Chainlink’s continued contribution to blockchain technology demonstrates its stable role in the development of DeFi. The platform’s commitment to interoperability and scalability makes it one of the most worthwhile cryptocurrencies to buy at present.
3.AXL
Axelar is steadily rising in the crypto world, becoming a key player in secure cross-chain communication for Web3. The platform provides decentralized networks and user-friendly tools to simplify cross-chain interactions for dApp developers. Axelar’s unique approach leverages Proof-of-Stake (PoS) consensus, distinguishing it from projects relying on optimistic models or multi-signatures.
In September, Axelar partnered with OpenZeppelin, a well-respected entity in the Ethereum Virtual Machine (EVM) ecosystem. This collaboration aims to address liquidity fragmentation and improve cross-chain interoperability for Web3 developers, representing a significant advancement in cross-blockchain dApp connectivity.
Subsequently, in October, the Open Network Foundation chose Axelar’s Mobius Development Stack (MDS) to connect the Open Network (TON) with 68 blockchain networks. This integration enhances the scalability and usability of decentralized applications in the TON ecosystem while strengthening connectivity across Web3 platforms.
The impact of Axelar’s recent collaborations is evident in the price of its token AXL. The token has risen by 2.57% in the past 24 hours to $0.6602. Its trading volume has also grown by 37.55%, thanks to strong liquidity, with a market value to trading volume ratio of 0.0757. Although the token’s 14-day Relative Strength Index (RSI) is at a neutral 54.13, suggesting a possible sideways trend, the overall trend remains positive.
Axelar’s long-term outlook appears optimistic. The token’s trading price is 38.33% higher than its 200-day simple moving average (SMA), indicating strong upward momentum. Over the past year, AXL’s price has surged by 77.74%, outperforming over half of the top 100 cryptocurrencies. With recent developments boosting investor confidence, Axelar’s steady growth may continue.
4.ONDO
Ondo (ONDO) positions itself as a major force in the field of decentralized finance, aiming to make institutional-level financial services more accessible to a wider audience. Established in 2022 and headquartered in the Cayman Islands, Ondo bridges the gap between traditional finance and blockchain technology. This work is driven by the Ondo Foundation, which works closely with its business partner Ondo Finance, focusing on the tokenization of decentralized protocols and real-world assets.
Currently, ONDO is priced at $0.608566, down 1.81% over the past 24 hours. Its 24-hour trading volume to market value ratio is 0.2660, reflecting strong liquidity relative to its market value. This high ratio indicates active trading and interest in this asset.
Forecasts suggest that the market trend may change in November 2024. Prices might range between $0.628235 and $2.13, with a midpoint estimate of $1.239919. If this trend becomes a reality, investors who buy now and sell at the predicted peak could potentially reap a return of approximately 248.92%.
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