2024 Cryptocurrency Circle Summary: Analysis of the Top 20 Earning Projects & 2025 Predictions
Today is December 31, 2024. Tomorrow will be 2025. Here, I wish everyone a Happy New Year, may you all become wealthy in 2025, whether in contracts or spot trading! Yesterday, the US stock market fell slightly again, with NASDAQ down 1.19%, Dow Jones down 0.97%, S&P 500 down 1.07%. Then the cryptocurrency market also responded with a significant drop, with Bitcoin falling to a low of 91500, currently back to 92500. So will it drop below 90000 going forward?
Daily level market analysis: This was actually mentioned in a previous program. From the daily level market perspective, this pullback could potentially reach between 0.236-0.618 (red box area), but I think reaching the 87000-88000 range would be very good, a very cost-effective area. Once it reaches this position, I would add to my position without hesitation.
FET stabilizes at $1.33, breaking $1.38 could trigger a 20%-30% increase
The current price of FET is $1.33, a slight decrease of 1.19% within 24 hours. Traders are focusing on the key resistance level of $1.38; if successfully broken, the price is expected to rise to $1.60, achieving a 20%-30% increase.
On-chain activity and market signals
Surge in network activity: New address growth of 47.36%, active address growth of 12.46%, reflecting rising investor interest and ecosystem adoption. Exchange reserve changes: Reserves increased by 0.12% to 471.4 million FET, indicating market caution, but a downward trend may suggest accumulation and drive price increases.
Technical and liquidation analysis
Technical indicators: The moving average (MA) shows potential upward trend, but the ADX is only 15.76, requiring further confirmation from trading volume and price action. Liquidation data: Short liquidations reached $13K, higher than long liquidations of $1.56K; breaking $1.38 may trigger more short liquidations, boosting price increases.
Summary
Increased on-chain activity, positive technical signals, and liquidation potential all indicate that FET has strong bullish momentum after breaking $1.38, potentially leading to a significant price increase.
Hot AI agent cycle, bringing several AI agent projects & AI investment ai16z in-depth analysis
Today we are going to talk about AI agent projects, because today I read a report summarizing the top 20 projects with the highest returns in 2024. The first one is Virtuals (did you catch the AI agent Virtual that has increased by 10X twice?), with a return of 23079%. We talked about Virtuals in October before. At that time, the coin price was 0.4, and now it is 3.5. Because it had already doubled by 20X when we talked about it, we didn’t dare to get on the train. But now it has doubled by 10X again, so it is also a project that we misjudged. We didn’t expect it to be so popular, so today we continue to look at several AI agent projects to see if there are any potential opportunities.
A major discovery: Gliese-12 planet was discovered 40 light years away from Earth, with a surface temperature of 42 degrees Celsius, very similar to Earth
Early morning, outbreak, 11 circuit breakers! The three major U.S. stock indices opened lower and continued to decline, with the Dow Jones Industrial Average falling more than 330 points, and both the Nasdaq and S&P 500 indices down over 1%. Large technology stocks all fell, with Tesla down nearly 5%, Nvidia down over 2%, and Microsoft, Google-C, Amazon, and Apple all down over 1%. META saw a slight decline, and the market value of the U.S. 'seven sisters' evaporated by $335 billion overnight (approximately 2.44 trillion yuan).
In terms of individual stocks, cybersecurity company INTRUSION triggered 11 circuit breakers during trading, closing up 380%, with a turnover rate exceeding 2200%.
Yellen: The Treasury will reach a new debt ceiling in mid-January.
On December 27 local time, the official website of the U.S. Treasury announced that Yellen sent a letter to the leaders of the Republican and Democratic parties in both the House and Senate regarding the debt ceiling issue.
The content of the letter released by the Treasury shows that Yellen informed lawmakers that the bill passed last June temporarily suspended the effectiveness of the debt ceiling, with the suspension set to expire on January 1, 2025. Therefore, starting January 2, 2025, the debt ceiling will restore its enforcement on all statutory unpaid debts as of January 1.
Yellen stated that it is expected that the unpaid statutory debt subject to the debt ceiling will decrease by about $54 billion on January 2, primarily due to a planned redemption of non-tradable securities held by federal trust funds related to Medicare payments. Therefore, the Treasury will not need to take special measures to prevent a U.S. debt default starting January 2.
Yellen indicated that the Treasury currently expects to reach a new (debt) ceiling between January 14 and January 23, at which point the Treasury will need to begin taking extraordinary measures.
At the end of the letter, Yellen urged Congress to take action to address the debt ceiling issue and protect the credibility of the U.S. abroad.
International gold prices fell slightly. In the commodity market, spot gold fell by 0.43%, priced at $2621.348 per ounce; COMEX gold futures fell by 0.66%, priced at $2636.5 per ounce.
International oil prices rose, with ICE Brent crude up 1.15% and NYMEX WTI crude up 0.92%.
Analysts say the rise in oil prices is due to increased optimism in the market regarding global economic recovery, especially with a positive outlook on economic data from major economies such as the U.S., China, and Europe, which has raised expectations for future growth in oil demand.
Bitcoin Struggles Below $95,000 As the world's largest cryptocurrency, Bitcoin has dropped 2.11% in the past 24 hours, currently priced at $94,290. Interestingly, Bitcoin's trading volume has risen by 5.19%, reaching $4.839 billion, indicating increased trading activity despite the price decline.
According to reports from Farside, there was a massive outflow of $287 million from Bitcoin ETFs on Friday. Fidelity led the outflow with $208 million, followed by Ark & 21Shares with an outflow of $112 million, and the Bitwise Bitcoin ETF saw an outflow of $36 million.
Altcoin Performance Varies The performance of altcoins has been mixed, with Ethereum stabilizing at $3,335 after a slight pullback, having a market cap of $401 billion. Despite an inflow of $47.7 million into the Ethereum ETF, Fidelity and BlackRock reported inflows of $27 million and $20 million, respectively.
In contrast, Solana, XRP, and TON have underperformed, each dropping about 2% over the past day.
Biggest Gains and Biggest Losses
In terms of gains, Bitget Token (BGB) surged by 13.68%, reaching $8.19, after Bitget announced an $800 million token burn. Virtual Protocol and PEPE tokens also rose by 10.9% and 4%, respectively.
On the loss side, Zcash (ZEC) suffered the biggest loss, dropping 10.6% to $61.13. Curve DAO Token and Helium followed closely, declining by 9.46% and 8.8%, respectively.
Today we will take a look at coingecko’s web3 game industry report!
The Play to earn track started to explode in 2021. Starting from 2021, there will be more than 700 web3 games every year, and 3A masterpieces are constantly emerging. A game may not be an immediate hit when it is released, but may become a hit later as the game itself or market conditions improve. For example, Axie Infinity was actually released as early as 2018, but it really became popular in 2021.
Current game categories: RPG, card, shooting, farm, move to earn, strategy, sports, Yuan Yuzhen, pet training, Telegram games, etc.
The weather is about to change; the Chinese Academy of Sciences has developed a method to produce gasoline from hydrogenated carbon dioxide, making gasoline as cheap as cabbage.
Can you still catch up with Pudgy Penguins’ “Retrograde Life” in the national airdrop?
Today we continue to look at a very popular project recently, the Fat Penguin project, which is also an NFT coin issuance project. It was launched on major exchanges such as OK, BN, and Bybit on December 17th. Its current market value is 3.5 billion US dollars. Compared with the first NFT coin APE and FDV with a market value of 1.2 billion, it has already surpassed. So let us study the development history of Fat Penguin. Learning from history, we can foresee more opportunities.
Introduction Pudgy Penguins was originally launched in 2021 by Cole Villemain (Twitter (X) alias ColeThereum) and three other colleagues. The purpose is to create PFP NFTs that embody happiness, community, and other social virtues. Unfortunately, the original founders were delisted by the community in January 2022 due to their inability to deliver on promised development, widespread FUD, and allegations of an ongoing canvassing scheme. In response, the series’ floor price fell to levels below 0.6 ETH. Bidding began for a new owner, with Los Angeles entrepreneur Lucas Schneltzer acquiring the project for 750 ETH ($2.5 million) in April 2022. He shuffled the project's leadership and announced new growth plans. Under the leadership of Luca Netz, Pudgy Penguins' floor prices and overall brand image have recovered significantly. Pudgy Penguins also became one of the first Web3 brands to offer significant licensing opportunities to its holders, entering the regular world in May 2023 with the launch of Pudgy Toys, available in Target and Walmart stores, as well as on Amazon.
2024 Annual Photo, there are indeed heroes in this world. The definition of a hero is someone who, regardless of their background, speaks out and takes action for the benefit of the majority.
A complete guide to ZEN, the privacy network purchased by Grayscale
Today we continue to look at a project that has been very popular recently. It has increased by 3-4 times recently. It is also a player in the privacy track. In fact, we have talked about many privacy projects before, such as xmr, zec, dash, oasis, beldex, etc. Recently, it seems that the privacy track has started to rise again, and then some friends consulted about this project. So let’s take a look at this project today, because it has also entered the top 200, let’s take a look at the project fundamentals and see what it does.
1. Introduction Horizen initially built the Horizen Network to enable users to conduct private transactions. Subsequently, a Zendoo-based sidechain network was developed to increase throughput by bundling transactions between the sidechain and the mainchain using zero-knowledge proof certificates.
XRP Enters a Critical Phase: Analysis of the Descending Flags Pattern
The current candlestick chart of XRP shows a typical descending flag pattern, which is a bearish continuation pattern often suggests possible further declines. However, XRP is currently near the 26-day Exponential Moving Average (EMA), which has been an important turning point multiple times, bringing hope for price stabilization or a rebound.
The characteristic of the descending flag is that the price forms gradually descending highs and lows within a narrow channel. Although it appears negative, the gradual decrease in trading volume is a positive signal, indicating limited selling pressure or reflecting that the market is in a consolidation phase.
If the 26 EMA can maintain support, XRP may rebound to the $2.40 resistance zone and further test the $2.60-$2.80 range of resistance. However, if the 26 EMA is lost, the lower 50 EMA (approximately $1.69) may become the next support level. If this level is reached, the market may face stronger selling pressure.
DOGE Price Balances: Downside Risks Persist
Dogecoin (DOGE) is currently hovering around $0.318, showing a brief balance in the market. However, this balance may be difficult to sustain, and bearish signals still dominate.
Currently, DOGE has fallen below the 50 EMA, indicating weakened bullish momentum. If selling pressure continues to increase, the price may drop to the 100 EMA (approximately $0.283). Although this moving average may provide short-term support, the market still lacks strong rebound momentum.
If it drops below the 100 EMA, the lower 200 EMA (approximately $0.212) may become the next target area. On the other hand, if it can break through the $0.35 resistance, it may push the price back up to $0.40 or even higher, but this requires broader market recovery support. In the current environment, DOGE is more likely to face further downward pressure in the short term. $XRP
Hot spot for down-shifting? Desci Special Session (6) - Analysis of the decentralized journal RSC & human gene bank Genomes dual project
Today we continue to look at the Desci special. We have previously talked about pump.sci and all the projects on the BIO platform. Today we will continue to bring you 2 Desci projects. This time, because Binance launched BIO, the overall Desci has increased by 20%. There may be more in the future, so this section is very worthy of attention.
9.RSC The current price-to-performance ratio of this project has reached a new high, with a market value of 100 million US dollars, but the FDV is as high as 1 billion, which means that the project has a huge amount of unlocked funds. It has increased 5 times since November. If we start counting from 23 years, it would be a 100-fold project. One advantage of the project at present is that CEX has only listed Sesame, and the other two major ones have not yet been listed.
The Launchpool project - BIO has been analyzed long ago, and we have also analyzed all the projects incubated in BIO, that's how reliable it is. Here is the link: 下轮热点?Desci专场(2)BIO-Desci DAO孵化器潜力分析 下轮热点?Desci专场(3)VITADao孵化器&HairDao脱发科研项目分析 下拨热点Desci专场(4)脑科学DAO&生物合成DAO双项目分析 下一波热点?Desci专场(5)女性健康AthenaDAO&低温冷冻CryoDAO&迷幻PsYDAO分析 #币安LaunchpoolBIO