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Bitcoin is expected to break through $25000 LTC MATIC AAVE

Date:2024-06-09 19:02:45 Channel:Wallet Read:

With the news that Bitcoin price is expected to break through $25,000, the entire cryptocurrency market has once again set off a wave of enthusiasm. At the same time, projects such as LTC, MATIC, AAVE, and DYDX have also attracted the attention of many whales, and investors in the market are eagerly waiting for the development of this wave of market conditions. Let us explore the trends of these cryptocurrencies in depth and see the future investment opportunities and development trends.

Bitcoin has always been a weathervane in the cryptocurrency market, and its price trend affects the nerves of the entire market. Recently, as the price of Bitcoin has risen again and is expected to break through the $25,000 mark, investors' enthusiasm has been ignited again. This good news has also driven the performance of other cryptocurrency projects, triggering heated discussions and attention in the market.

As a fork project of Bitcoin, LTC has always attracted much attention. Its unique technical characteristics and stable development direction have attracted the attention of many investors. Recently, with the surge in whale transactions in the LTC market and the intensification of market volatility, investors have begun to pay close attention to its future trends. Some analysts pointed out that LTC is expected to achieve greater growth driven by Bitcoin, and investors may be able to seize this opportunity.

As a project focusing on Layer 2 expansion solutions, MATIC has always attracted much attention. Its application potential in the DeFi field is huge, attracting the attention of many investors. Recently, with the increase of whale transactions in the MATIC market, market sentiment has also fluctuated. Investors are full of expectations for the future development of MATIC and hope to get rich returns through investment.

As a leader in decentralized lending platforms, AAVE has always been highly respected by the market. Its unique lending model and stable development prospects have attracted the attention of many investors. Recently, with the increase of whale transactions in the AAVE market, the market atmosphere has become more tense. Investors have paid attention to the future development trend of AAVE, hoping to seize investment opportunities and earn rich returns.

As a decentralized trading platform, DYDX has always attracted much attention in the market. Its unique trading model and innovative product design have attracted the attention of many investors. Recently, with the surge in whale transactions in the DYDX market, market sentiment has become more excited. Investors are full of expectations for the future development of DYDX and hope to make a successful investment in this project.

In summary, the price trend of Bitcoin has attracted much attention and is expected to break out of $25,000. At the same time, projects such as LTC, MATIC, AAVE, and DYDX have also attracted the attention of many whale traders, and investors in the market are paying close attention to the development of these projects. Investors should remain vigilant, obtain market information in a timely manner, make good investment plans, seize investment opportunities, and realize wealth appreciation. The cryptocurrency market is full of variables, and only by acting cautiously can you be invincible in the market. I hope that investors will overcome all obstacles and achieve success in this turbulent market!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Bitcoin (BTC) has continued to rise recently, reaching $23,960.54 at nearly 4 a.m. this morning, reaching its highest point in nearly six months. Compared with the low of $16,655 at the end of last year, it has risen by more than 40% so far, which has also created the best return performance of global assets so far in 2023.

As Bitcoin rises, the overall currency market continues to pick up. According to Coingecko data, in the past 30 days, Ethereum has risen 36.5% to $1,636.70, Litecoin has risen 40% to $95.62, AVAX has risen 89% to $20.53, FTM has risen 138.9% to $0.475079, and APT has risen 430% to $18.03.

 LTC, AVAX, APT, FTM and other altcoins are expected to continue to rise

On-chain analyst Cole Garner said that as Bitcoin rose nearly 40% this month, several on-chain indicators have begun to turn bullish. Analyst Rakesh Upadhyay pointed out that usually driven by market leaders, the price of coins rebounded sharply from the lows, indicating that strong hands are buying heavily, which may be because traders believe that the short-term sell-off is a bit excessive, or they find the valuation attractive.

After the initial rise, it can be expected that the currency market will quickly pull back to get rid of the influence of weak hands. By this fall, it will show whether Bitcoin has really bottomed out. If Bitcoin has bottomed out, the performance of several altcoins such as LTC, AVAX, APT and FTM may begin to surpass Bitcoin in the near future.

In Rakesh Upadhyay's view, if Bitcoin breaks through $23,816, it will be expected to rise further to $25,211, which may be a strong resistance, and if the 20-day moving average falls below, Bitcoin may fall to the psychological support level of $20,000.

Referring to the recent strong rise of APT, Rakesh Upadhyay believes that buyers are trying to push the price above $20.40 and start the next round of gains, which may cause APT to soar to $24. However, the RSI (relative strength index) of APT has been in the overbought range in recent days, increasing the risk of short-term adjustments. If APT falls below $16.60, it may fall further to $14.57 and then to the 20-day moving average, or $12.23.

 LTC, MATIC, AAVE, DYDX whale transactions surge

At the same time, blockchain data analysis company Santiment shared a chart pointing out that LTC's whale trading activities are showing explosive growth, which means that transactions worth more than $1 million are recovering, and the last two similar-sized whale trading activities surged, LTC prices rose by 37% and 33% respectively.

In addition, Santiment said that it is worth noting that the whale trading volume of AAVE, DYDX, and MATIC has surged in the past month, and the prices of these coins have also risen sharply: in the past month, AAVE (up 56% in the past 30 days), MATIC (up 35%) and DYDX (up 94%) have all seen a sharp increase in whale trading volume on their respective networks, which should be closely watched.

In Santiment's view, altcoins as a whole will rise strongly at the beginning of this year, and this rise looks likely to continue: altcoins are on another impressive trend, with some noteworthy assets growing by 20% or more. After a five-day decline in the currency market, the price of the currency has encountered little resistance. The surge in social discussions and FOMO may cause the price to peak, or traders will defy this market (allowing the rise to continue).

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