Bitcoin's successive new highs provide an excellent reference and driving background for the bull market of altcoins. Currently, the progress of the altcoin bull market is about 20%, which means that there are still ample opportunities for market intervention. Although most altcoins are still in a downturn, and some are even hovering at the bear market level, this has become an opportunity window for entry.
Some leading altcoins that have begun to show strong performance, such as XRP, ADA, TRX, XLM and LINK, have reached new highs or are close to previous highs. In contrast, those secondary altcoins of major exchanges that have not yet started to gain momentum may have greater potential for explosive growth. As long as the project remains in normal operation, it is very likely that institutions have already entered the market to control the market and wait for the opportunity. When market sentiment reaches a climax, a three- to five-fold increase can occur within 7 days or even 1 day; and the three or four years of shock accumulation is often released all at once in less than a month, completing the bull market process.
Compared with Bitcoin, the market progress of altcoins is usually shorter and more intense. The market progress of 7 days may complete the two-year bull market progress of Bitcoin. This means that once liquidity overflows, the explosive power of altcoins will be released exponentially. Especially in the real bull market stage, most of the secondary altcoins of major exchanges will almost triple or even triple, and even a considerable number of targets can achieve more than 10 times the return.
It is worth noting that the outbreak of the copycat season is not driven by a completely new narrative, but the foundation has been laid as early as the bear market stage. This foundation often stems from the involvement of institutional funds, the stable operation of the project, and the long-term accumulation of shock energy. In a bull market environment with abundant liquidity, these targets can usher in an outbreak with the promotion of funds alone, regardless of whether they have a new narrative.
For investors, paying attention to projects that have not yet taken off but are still operating normally is the key strategy at present. Lurking when market sentiment is low often allows you to catch the real outbreak point. Although the market of most altcoins comes and goes quickly, and only a few targets like Bitcoin show a sustained upward trend, the arrival of the altcoin season is almost inevitable. As long as you choose the right time and target, the short-term returns of altcoins will be very considerable, becoming a highlight in the bull market.
The altcoin boom has just begun! Grab these 3 potential cryptocurrencies!
GALA
Gala is currently trading at $0.05086, up 3.53% in the past 24 hours, with a market cap of $1.85 billion and a gain of 3.55%. Trading volume has also increased by 6.56% to $259.71 million, reflecting the continued interest in Gala. The fully diluted valuation (FDV) is $1.96 billion, and the 13.95% volume-to-market cap ratio indicates that Gala has fairly strong trading liquidity. Its total supply is 38.57 billion tokens.
Gala price has increased by 65% over the past year, showing a solid upward trend. It is currently trading 68.97% above the 200-day simple moving average (SMA) of $0.030124, further confirming the bullish momentum. Market sentiment remains optimistic, with the Fear and Greed Index reaching 80, indicating that investor confidence is in a state of "extreme greed".
THIS
Ethena (ENA) has recently performed well in the bull market of the cryptocurrency market and attracted widespread attention. In the past week, the price of ENA has increased by 12.80% to $1.13, and the market value has increased to approximately $2.04 billion.
In the past 24 hours, ENA has risen again by 14.02%, surpassing many other altcoins, and its market capitalization has increased by 14.03% to $3.32 billion. This strong rise began on December 10, when ENA broke through the key level of $0.862, completing a falling wedge pattern. This pattern is usually composed of gradually narrowing highs and lows and is a reversal signal, foreshadowing the arrival of an upward trend.
This breakout reflects strong momentum from buyers, indicating that the market's confidence in ENA continues to increase. From a technical perspective, this price action not only consolidates ENA's market position, but also lays the foundation for further gains in the future. In the current market environment, ENA is likely to attract more funds, further pushing its price towards new highs.
TRX
As an important player in the cryptocurrency field, TRON (TRX) has attracted widespread attention from investors with its recent astonishing growth. On December 3, 2024, TRON's price surged 107.57% month-on-month to $0.4407, fully demonstrating its market appeal. Although the current price has slightly adjusted back to $0.2838, its powerful blockchain ecosystem has shown great resilience and continues to attract the participation of users and developers.
In addition to price performance, TRON's network activities are also worth paying attention to. Its efficient blockchain architecture and stable network operation support make TRON a project with both practicality and investment value in the market. The growing transaction volume and number of active users further confirm TRON's core position in the decentralized ecosystem.
As a cost-effective crypto asset, TRON has typical portfolio multiplier characteristics, especially in the current bull market environment. This means that TRON can not only provide investors with short-term gains, but may also unlock more upside potential before the end of the bull market and create substantial long-term returns.
