This Altcoin is Breaking Out – Catching the Next Wave

👇1-10) Since the Trump election, there has been a significant shift in trading activity. With his inauguration still seven weeks away, early appointments already signal a monumental pivot toward a crypto-friendly U.S. administration. We anticipate that this trend will sustain and potentially expand trading opportunities.

👇2-10) Other governments, particularly in South Korea, are also adopting a more favorable stance toward crypto. As the U.S. leads the way in shaping crypto regulation—or deregulation—we expect a global wave of increased crypto-friendliness to follow suit. The alpha generation among the smaller crypto tokens will likely continue.

👇3-10) In the past few weeks, several cryptocurrencies have doubled in value, and our Trading Signals successfully identified two of them. Tezos has risen +96%, while Enjin Coin is up +91%, both triggered by buy signals on November 16. Notably, the signal for Enjin Coin was a brief two-week opportunity. Our Trading Signals Model Portfolio, accessible live to subscribers, is up an impressive +133%. Recently, we closed several short-term trades from November, including BTC (+26%), another BTC trade (+30% from a different signal), IMX (+26%), and ENJ (+91%).

10x Research Trading Signals Model Portfolio (live here)

👇4-10) We remain committed to our disciplined approach, using proven models to screen the markets for patterns that have delivered consistent success in the past. With trading volumes staying elevated, we anticipate that the current environment will continue to offer fruitful opportunities.

Bitcoin Funding Rate (LHS) vs. Korea Crypto Trading Volumes (RHS, $bn)

👇5-10) Retail-focused trading volumes in the South Korean crypto market have surged to $18 billion in the past 24 hours, marking the second-highest level of the year and surpassing the $14 billion traded in the local stock market. Ripple (XRP) led the activity with $6.3 billion in volume, followed by Dogecoin ($1.6 billion), Stellar ($1.3 billion), ENS ($0.9 billion), HBAR ($0.8 billion), and Shiba Inu ($0.6 billion). These high-momentum cryptocurrencies are being driven predominantly by retail traders, capitalizing on and reinforcing momentum-driven trends.

👇6-10) As a result, we are seeing one of the largest divergences recorded between a relatively mild Bitcoin funding rate at 15% annualized while retail trading volumes in Korea have ramped up to $18bn. The action is clearly in the altcoin market and everybody needs to have a strategy to catch these wave but still remain disciplined. Hence, our current focus on this altcoin below that appears to be breaking out now based on strong fundamentals.

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