Altcoins to Avoid Selling Before January 2025

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As a seasoned analyst with over two decades of experience in the financial markets, I have learned to read trends and patterns with a discerning eye. Having navigated through various bull and bear runs, I can confidently say that the crypto market is poised for growth in Q1 2025.

2021 has been a prosperous year for Bitcoin and other digital currencies, and this positive trend is predicted to carry over into the first quarter of 2025. Factors such as potential Federal Reserve interest rate reductions, the impending Trump administration, and current market momentum are likely to impact their performance. Consequently, it may be wise to hold onto some of the top altcoins until at least January 2025.

Why You Should Avoid Selling Altcoins by January

Typically, January tends to be a relatively sluggish month for Bitcoin and other alternative cryptocurrencies. According to CoinGlass data, the average return for Bitcoin during January from 2013 until now is approximately 3.35%, with a median return of just 0.25%. Over these years, Bitcoin has experienced negative returns in six different Januaries.

It’s possible that Ethereum, Solana, Binance Coin, and DexBoss could maintain their positive performance up until January 2025.

Ethereum (ETH)

We recently wrote an article explaining why Ethereum price may have a strong rally and hit $5,000 soon. On the daily weekly chart, we see that the coin is still facing resistance at the psychological level at $4,092. 

According to technical analysis, Ethereum’s price may keep climbing if buyers can propel it past the current resistance point. Breaking through this barrier would disrupt the triple-top trend that has been developing, potentially leading to further growth towards a new record high of $4,856 – an increase of approximately 25% from its current position.

If the bulls manage to break through the resistance at $5,000, Ethereum is likely to surge towards the next significant psychological barrier. Additionally, the digital coin boasts robust foundations, as the value of assets in its DeFi protocols has soared nearly to $80 billion.

DexBoss (DEBO)

DexBoss is a new decentralized exchange (DEX) platform set to challenge well-established platforms like Uniswap and Raydium. Currently, it’s in a pre-sale phase that has garnered over $154,000 from investors. This investment opportunity offers early buyers an advantage as they can purchase the token for just $0.01, significantly below its anticipated listing price of $0.050. Consequently, these early buyers will make a profit even upon selling it on its airdrop day.

As a researcher exploring the potential of DexBoss, I’m excited to highlight some key aspects that could significantly increase the value of the DEBO token. This platform offers a diverse range of tokens for purchase, ensuring a broad market accessibility. It also includes robust risk management tools to ensure user safety and security. Furthermore, its cross-chain compatibility allows seamless interaction with various blockchains, potentially expanding its reach and utility. For those interested, the DEBO token can be acquired here.

Solana (SOL)

Instead of offloading Solana before January, it might be wiser to hold on to it. A glance at its weekly chart reveals that the coin has experienced a decline for nearly three weeks in a row. This downturn follows an increase and a retest of its record high at $263.60.

As a result, it appears that the coin is following the handle part of the Cup and Handle pattern, which has been developing since last November. The Cup and Handle pattern is considered quite optimistic in the market and is formed through a flat section followed by a rounded peak.

The value of Solana has recently revisited its highest level this March at around $209.51, serving as a strong foundation. Consequently, it’s anticipated that Solana could recover and potentially climb up to $300 by January 2025. Some experts even speculate that the price of Solana might reach $1,000 in the long run.

Binance Coin (BNB)

By January, it might be prudent to refrain from selling Binance Coin (BNB). Similar to several other alternative coins (altcoins), BNB has formed a ‘cup and handle’ chart pattern with an upper boundary around $691. Over the past few months, it has been shaping the ‘handle’ portion of this pattern.

In simpler terms, the price of the coin has climbed beyond the top boundary of the C&H pattern and surpassed the 50-week moving average. By estimating the depth from the bottom (the ‘cup’) of this pattern and using that same measurement from its upper side, there’s a possibility that the coin’s value could reach over $1,100 in this bullish phase.

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2024-12-18 14:18