Crypto daily news 24.12.23
I believe the crypto market cycle has moved past incredulity and into the "hope" phase in recent months. Investors are finally recovering from bear market PTSD, and anticipation for another bull run is rising.
Chainlink Initial Call: $6.50, Current: $15.00 (+135%), M/C $8.5B Link is crypto's premier infrastructure play with significant interconnections. High return, little risk. Their CCIP interoperability protocol will transform blockchain communication.
Polygon Initial Call: $0.87, Current: $0.85 (-2.5%), M/C $8B Markets underestimated Polygon 2.0. Since its early year run-up, MATIC's price movement has been underwhelming. I shifted some winnings from other bets into MATIC in expectati of an ETH and L2 rebound with Polygon 2.0. Strong support for a prudent 10-15X bull run.
IMX (Initial $0.76, Current $2.25 (+193%), M/C $1.3B) The premier gaming infrastructure currency that has advanced rapidly toward broad acceptance. Their IMX zkEVM with Polygon will revolutionize crypto-game integration. I've made some minor profits on this one to fund private sales, but I'm mostly in it for the long term. Looking for 10-15X from here.
Polkadot (Legacy hold, $4.60, Current $7.96 (+73%), M/C $10.5B) I have been waiting for a crowdfunding-locked chance to lower my legacy DOT position. After the recent DOT inscription frenzy, I'll need to re-research before making a decision before the tokens appear in January. On hold.
Near Protocol | Initial $1.67, Current $3.40 (+103%) | M/C $3.4B The promise of NEAR as a cheap and fast Layer 1 replacement is emerging. DAU and TVL are growing swiftly, and native sharding, Javascript development, and fast finality and transaction speed are amazing. Target 10- 15X
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