Bitcoin remains stable above $96,000 today, and behind this stability is traders' cautious attitude towards the upcoming significant event — such as Trump’s inauguration on January 20. The funding rate for Bitcoin perpetual futures reached 0.01% in the latest 8-hour contract cycle, the highest point in the past week, but still within a 'neutral range.'
Currently, the downward trend seems to have halted, indicating a slight rebound. However, based on the data, a significant rise in the short term might be challenging! Additionally, with lower market liquidity over the weekend, Bitcoin is expected to oscillate between $96,000 and $99,800; although there may be slight increases, they are not substantial, and trading volume is lacking, so don’t rush to declare that the bull market has returned just yet.
A crucial period for the bullish-bearish contest
In less than three weeks, Trump will return to the White House, and crypto investors may anticipate a wave of positive news. The long-short ratio of Bitcoin derivatives across several major exchanges exceeds 1, indicating that the number of bullish contracts surpasses bearish ones, reflecting a generally bullish market sentiment toward Bitcoin. Ethereum shows a similar trend, with the long-short ratio also exceeding 1 at some major exchanges, but remaining within the neutral range.
This stability reflects that market investors remain somewhat optimistic yet cautious ahead of key events (such as Trump's inauguration), and have not yet aggressively entered bullish positions. Coinciding with a weekend of low liquidity, it is expected that the crypto market theme will still be consolidation and correction in the short term, allowing for positioning in anticipation of a market explosion!
Trump is set to take office on the 20th, and based on historical data, there is likely to be a rally before the positive news materializes. It is worth noting that after such a rally, a deeper decline may follow, and of course, after the decline, there will be a stronger rise. Following the narrative from when Bitcoin ETF news was released, Trump’s inauguration may also follow a similar pattern. For those who have not yet positioned themselves, starting today, one can begin to accumulate at low points; there will likely be a wave of adjustments from the 20th to the end of the month, with February and March likely to show a good overall upward trend! That is the general market trend.
Position below for three cryptocurrencies poised to surge 10-fold in the upcoming bull market!
1. SHIB
SHIB holds an important position in the cryptocurrency market, often seen as a rival to Dogecoin. It was initially launched as a meme coin and has now evolved into a multifaceted project, including ShibaSwap, its decentralized exchange, and the Shiba Inu Rescue Association. SHIB is community-driven, and its appeal lies in its community involvement and liquidity potential.
Recently, Shiba Inu made headlines for adopting Chainlink's CCIP, a technology enabling secure cross-chain interoperability. This innovation allows users to purchase virtual land using ETH or SHIB on Ethereum and ShibariumNet, potentially enhancing its metaverse ambitions. This development aligns with SHIB's efforts to transcend its meme coin status and improve its utility, positively impacting investor sentiment.
In the short term, SHIB has gently risen 2.01% in the past 24 hours and 3% over the past week. However, it has dropped 25.8% from last month, indicating some volatility. Its relative strength index (RSI) is currently 41.02, suggesting a neutral market stance. Despite recent volatility, SHIB's liquidity remains relatively high, with a trading volume to market cap ratio of 0.0568. This makes it a strong competitor in the meme coin sector with growth potential.
Shiba Inu offers investors a unique opportunity as it combines community involvement, the latest innovations, and solid market performance. Despite still being affected by volatility, its evolving ecosystem and strong community support make it a promising choice for those willing to take some risks.
2. JUP
Jupiter (JUP) is an interesting wildcard for 2025. Jupiter focuses on secure and scalable blockchain solutions, with a particular emphasis on data protection and privacy. Its unique decentralized application (dApp) approach has garnered attention in industries such as healthcare and finance.
Given that Solana currently has a market capitalization of $1.2 billion, as the demand for privacy and scalability grows, JUP's secure blockchain solution could capture a significant market share. This makes Jupiter one of the most undervalued options and is expected to achieve exponential growth in the coming years.
3. ICP
Many altcoins have risen alongside Bitcoin's recent bull market trend, with the Internet Computer (ICP) becoming a standout. In the past 24 hours, ICP's price has risen over 10%. Currently, the token is trading at $12.23, attracting the interest of traders and investors.
ICP shows resilience, finding support around $10. After breaking through its descending wedge pattern, this support level became crucial for its recent rebound. Analysts state that if ICP can overcome the immediate resistance at $11.95, it could pave the way for further upward movement. Potential targets include $13.75, $15.50, and $18.80, indicating good upward potential for the token.
More positively, the Swiss organization DFINITY Foundation behind the Internet Computer released its 2024 ecosystem report in November. This report highlights significant advancements in cross-chain technology on the platform, primarily through the Chain Fusion protocol. In the past year, activity on Chain Fusion surged an astonishing 1,230%.
The Chain Fusion protocol is a key feature of the Internet Computer blockchain that enables seamless interaction between smart contracts and multiple blockchain networks. This functionality has gained favor among developers, with the message throughput within the protocol increasing significantly by 2,040% compared to the previous year. This surge reflects the growing demand for cross-chain solutions, thereby supporting the development of complex multi-chain applications.
