Coin World Network Report:
Article Source: Public Account Pepe Soha
The nature of the “Bull Start” has been demonstrated here, as Bitcoin’s market value continues to hit record highs, and the next steps will proceed according to the previous script!
Bull Start (Bitcoin continues to set record market value proportions, altcoins are drained and decadent)
Bull Middle (Bitcoin’s market value declines, Ethereum gradually recovers strength and takes over the rise in market value proportion)
Bull End (Bitcoin’s market value continues to decline, funds flow into altcoins, altcoins experience explosive gains)
Bull Turns Bear (Continued surges cause market FOMO, trapping retail investors who bought 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. All we can do is hold on before the outbreak. Those who wish to make waves mostly either miss out or get trapped. Keep a long-term perspective, only long cycles can grasp and not miss the main wave of the bull market!
Bitcoin is expected to break new highs after the U.S. election! Position 4 kinds of altcoins and surge 10 times!
1.SOL
Solana is an open-source blockchain platform that supports decentralized finance (DeFi) applications and focuses on fast transaction processing. Solana is famous for its short processing time and has been widely noticed 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 Solayer recently launched the stablecoin sUSD, which is supported by U.S. Treasury bonds. This stablecoin complements Solana’s expanding tokenized financial product portfolio, indicating that people’s interest in creating various financial tools on the blockchain is growing.
In addition, Solana’s token (SOL) is priced at $161.91 and has fallen by 0.83% in the past 24 hours. Meanwhile, the token has overall risen by 12.6% in the past month. Market sentiment remains neutral, while 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 expanding its services to multiple blockchain platforms. A notable initiative of the platform is the deployment of 34 services on 14 blockchains, clearly demonstrating its ongoing expansion 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 growing reach 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). This protocol aims to facilitate secure asset transfers between blockchains, promoting connectivity and collaboration between different platforms, which can enhance Chainlink’s influence in the DeFi field.
Market-wise, Chainlink’s token LINK is currently priced at $10.61, down 3.61%. Although the price has fluctuated in 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.
Meanwhile, despite the volatility in LINK’s price, Chainlink’s ongoing contribution to blockchain technology demonstrates its stable role in DeFi development. 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 a proof-of-stake (PoS) consensus, setting it apart from projects that rely on optimistic models or multi-signature federations.
In September, Axelar partnered with the respected OpenZeppelin in the Ethereum Virtual Machine (EVM) ecosystem. This partnership 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. In the past 24 hours, the token has risen by 2.57% to $0.6602. Its trading volume also grew by 37.55%, benefiting from strong liquidity, with a ratio of market value to trading volume of 0.0757. Although the token’s 14-day Relative Strength Index (RSI) is at a neutral 54.13, indicating a possible sideways trend, the overall trend remains positive.
Axelar’s long-term outlook seems very optimistic. The token’s trading price is 38.33% higher than its 200-day simple moving average (SMA), indicating strong upward momentum. AXL’s price has soared 77.74% in the past year, outperforming more than half of the top 100 cryptocurrencies. As recent developments have boosted investor confidence, Axelar’s steady growth may continue.
4.ONDO
Ondo (ONDO) positions itself as a significant force in the field of decentralized finance, aiming to make institutional-level financial services more accessible to a broader audience. Founded 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, in close collaboration with its business partner Ondo Finance, focusing on the tokenization of decentralized protocols and real-world assets.
Currently, ONDO’s price is $0.608566, down 1.81% in the past 24 hours. Its 24-hour trading volume to market value ratio is 0.2660, reflecting a strong liquidity relative to its market value. This high ratio indicates active trading and interest in this asset.
Forecasts indicate that the market trend may shift in November 2024. Prices could range between $0.628235 and $2.13, with a midpoint estimate of $1.239919. If this trend becomes reality, investors who buy now and sell at the forecasted peak could potentially see a return of around 248.92%.
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Bitcoin Anticipated to Break New Records PostUS Election With 4 Altcoins Poised for a Tenfold Surge
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