Bitcoin breaks through $102,000
In the cryptocurrency sector, Bitcoin rose in tandem with the opening of US stocks, rapidly breaking the $100,000 mark shortly after 22:30 last night, reaching a high of $102,750 earlier. As of the time of writing, it has pulled back to $101,891, with a 24-hour increase of 3.88%.
BTC
The market for Bitcoin has just reached the correction range of $102,000-$104,000, and the current correction strength is not very strong. For intraday support levels, attention can be paid to the $98,000-$100,000 range. Based on the current trend, after the correction, it is expected to continue pushing up towards the $108,000 range, so the phase's trend remains bullish and the outlook is quite clear.
ETH
The market for Ethereum is continuously impacting the key node level of 3,800 points. It is crucial to see if it can stabilize at this node and strengthen, as only then can it drive the overall market environment and heat up the overall market situation, allowing most altcoins to perform well. For intraday support levels, pay attention to the support position in the 3,620-40 range, and continue to monitor the 3,800-point node position.
Altcoins
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FIL
Filecoin, focused on decentralized storage, has created an innovative ecosystem using its native token FIL.
Recent performance: The price has risen 9.52% in the last 24 hours, reaching $6.21, with a trading volume to market cap ratio of 0.2311 and strong liquidity.
Technical indicators: 14-day RSI is 62.37, indicating a relatively neutral market sentiment, but in the long term, its trading price is 25.41% higher than the 200-day SMA.
Outlook: Filecoin's decentralized storage technology has earned it market recognition, and its long-term potential is promising.
OM
MANTRA (OM), as the next explosive cryptocurrency, is gaining strong momentum, incorporating real-world assets (RWA) into the blockchain space. MANTRA has a market capitalization of $3.61 billion and a trading price of $3.73, building a powerful and scalable ecosystem based on the Cosmos SDK. Mantra aims to bridge the gap between traditional finance (TradFi) and DeFi, with a total supply of 1.8 billion OM tokens and a fully diluted valuation (FDV) of $6.71 billion.
The platform supports up to 10,000 transactions per second (TPS), ensuring seamless operations for individual users and large institutions. This scalability, combined with its proof-of-stake (PoS) validator set, guarantees top-notch security and resistance to malicious attacks, which is crucial for managing RWA. As the acceptance of RWA on the blockchain continues to rise, MANTRA is poised to lead this battle, affirming its importance as the next explosive cryptocurrency in the digital asset market.
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 for tokenizing scientific intellectual property (IP) from universities, companies, and researchers around the world, open for anyone to fund, develop, and manage.
According to its official website, the project aims to drive biotechnology innovation through decentralized funding and coordination, earning the title of 'gateway drugs' in DeSci.
The price of the BIO token is $0.7365, up 7.22% in the last 24 hours. Market capitalization also increased by 7.22%, reaching $954.84 million, while trading volume surged by 23.40%, hitting $562.36 million. Notably, 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 prediction 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 about a potential upward trend.
To further drive this momentum, Binance recently launched the BIO Protocol on Launchpool, its 63rd project. Launchpool is a platform designed to support innovative projects in emerging fields such as DeSci. The mining period for BIO starts on December 24 and continues until January 2, 2025, allowing Binance users to stake tokens and earn rewards by participating in this groundbreaking program.
