Bitcoin has stabilized at $100,000, and will continue to challenge $108,000; I believe it will reach there soon. With only 13 days left until Trump takes office, there will definitely be continuous upward momentum during this period. Ethereum will also soon break through the $4,100 resistance level, potentially challenging the historical high of $4,800 by the end of January or February, followed by the Ethereum Prague upgrade in March. That will mark the true arrival of the altcoin season; for now, we just need to hold onto our chips and avoid frequent changes in our positions, waiting for the main upward wave to come.
Buy the dip on 3 altcoins with a future value increase of 100 times!
1.FET
FET has solidified its outstanding performance in the crypto AI sector, gaining considerable attention after a 19.69% price surge over the past week. Additionally, the token continues to show further growth potential, with its daily chart forming a bullish price action pattern. According to CoinMarketCap data, FET's price increased by 7.40% in the past 24 hours to reach $1.58, while its trading volume skyrocketed by an astonishing 92.42% to $378.32 million.
Since the beginning of August 2024, FET has been consolidating within the $0.89 range. However, bullish momentum pushed it up to $1.33 within a week, after which it encountered resistance and experienced a slight pullback. Interestingly, this pullback formed a dome pattern, which is a technical indicator suggesting a potential continuation of the upward trend.
In August, an investor exchanged 255.62 billion Shiba Inu (SHIB) tokens (worth $3.5 million) for 3.114 million FET after suffering a 45.9% loss on SHIB, demonstrating confidence in FET. This bold decision highlights growing confidence in the potential of FET. If the current uptrend continues, FET may break through the resistance level of $1.46 and could potentially reach the range of $1.72 to $1.85 in the short term.
On today's 4-hour chart, the trading price of FET is above the 200 Simple Moving Average (SMA), further confirming its bullish trend. Additionally, the token faces immediate resistance at $1.48 (50 SMA), and sustained buying pressure may help it break through this level. Moreover, the Relative Strength Index (RSI) is trending upwards to 53, indicating stable demand and continued interest from traders.
2.BIO
The BIO protocol, as a revolutionary financial layer in the decentralized science (DeSci) field, is making waves. BIO aims to accelerate the commercialization of breakthrough scientific research and is a platform where anyone can fund, develop, and manage tokenized scientific intellectual property (IP) from universities, companies, and researchers worldwide.
According to its official website, the project aims to drive biotechnology innovation through decentralized funding and coordination, earning it the title of 'portal drug' in DeSci.
The price of BIO tokens is $0.7365, having increased by 7.22% in the past 24 hours. The market capitalization also rose by 7.22% to $954.84 million, while trading volume surged by 23.40% to $562.36 million. Impressively, BIO's trading price is 501,337.99% higher than its 200-day Simple Moving Average (SMA) of $0.000146, highlighting its significant growth since launch.
Despite these impressive numbers, the current price forecast sentiment for BIO remains bearish. However, the Fear and Greed Index shows a score of 76 (Greed), reflecting increased trading activity and growing optimism in the market regarding a potential upward trend.
To further propel this momentum, Binance recently launched the BIO Protocol on Launchpool, marking its 63rd project. Launchpool is a platform designed to support innovative projects in emerging fields such as DeSci. The mining period for BIO began on December 24 and will continue until January 2, 2025, allowing Binance users to stake tokens and earn rewards through this groundbreaking program.
3.OSMO
Osmosis (OSMO) has seen a significant price increase of 24.61% in the past 24 hours, currently trading at $0.6046, garnering attention. This short-term surge reflects increased market optimism and is supported by bullish sentiment and an extreme greed rating (76) on the Fear and Greed Index.
Looking ahead, January seems promising for OSMO. Predictions indicate that the token's trading price could range between $1.841221 and $2.62, representing a substantial increase of 333.34% from today's price. Based on an estimated average price of $2.29, if the token reaches these predicted levels, investors could see returns of up to 278.76%.
Even more exciting is that Osmosis has launched the ProtoRev Burn project, a bold initiative aimed at increasing the value of its native token $OSMO. ProtoRev is developed in collaboration with the Skip Protocol and is committed to reducing the circulating supply of $OSMO tokens.
So far, the project has achieved significant results, burning over 2.2 million $OSMO tokens. This achievement marks an important milestone for Osmosis, contributing to the economic stability and long-term value of the token.
