2024 The King Returns!! CZ returns! Trump returns!
Donald Trump has been elected the 47th President of the United States, and a new trend is about to begin.
The market is indeed leading the altcoins to surge! I already analyzed yesterday that Bitcoin has no way to go but up.
Trump is temporarily leading in electoral votes, and the market has responded strongly. Virtual currencies are almost all rising; Bitcoin is soaring, breaking through $70,000, and even briefly reaching $75k, setting a new historical high.
Looking back at the day before yesterday, I pointed out that after Bitcoin's retracement, one should get on board immediately. Anyway, I am on the bus, and yesterday's article also mentioned (Who commands the White House? Bitcoin Weekly Battle, altcoins are struggling to rise, but falling smoothly! With the election settled, how to respond to the subsequent market?) Now it seems the weekly battle has produced a winner; the bull market has arrived.
Currently, I advise everyone to stay rational!!
Everyone can see how Old Trump will act next!
First, Trump will be elected in November, but he can't take office until January next year.
Secondly, most of the policies proposed by Trump are difficult to implement in the next four years.
Thirdly, don't forget: the major crash on March 12 happened during Trump's presidency. Conversely, when the Democrats were in power, Bitcoin and Ethereum ETFs were approved. Trump's policies may benefit the crypto market, but perhaps not as dramatically.
Fourth, don't forget, whether it's a soft landing or a hard landing, it hasn't landed yet. With sustained high interest rates, the market lacks liquidity. In the crypto market, there used to be a $400 team, now it's a $50 advertisement selecting a bride, with many KOLs scrambling for opportunities.
Although the probability of a soft landing for the U.S. economy is increasing, black swans and soft landings are not contradictory. Although Japan's inflation is likely caused by input inflation from U.S. high interest rates, the gradual lowering of U.S. interest rates does not rule out the possibility of temporary interest rate hikes in Japan.
Fifth, there has never been a precedent in American history for a president to become a former president and then become president again. I don't understand politics, but there may be some contradictions or crises regarding the two parties, internal party dynamics, and political economy.
In summary, the macro environment is favorable, but the road ahead may not be smooth. A major upward wave and altcoin season may still require time.
Altcoins are collectively celebrating, positioning five coins expected to rise by 100 times.
1.DOGE
Market Cap: $31.174 billion
24-hour Trading Volume: $7.462 billion
Is Dogecoin taking off? Will Musk ascend to the heavens? Dogecoin is soaring crazily against the backdrop of the upcoming U.S. presidential election!
Trump's momentum is strong, and Dogecoin suddenly surged by 27%. Terrifyingly strong!!!
With Musk's support, this coin has already taken the entire market by storm.
If Trump wins, the cryptocurrency market may soar, Musk becomes the efficiency minister, and Dogecoin will definitely take off as one of the winners!
This time Musk is really going for it. If Trump wins, Musk will ascend to the heavens; if Harris wins, Musk might face repercussions later! For a major coin like DOGE, even if Trump loses, the basic logic suggests it won't die outright. Preemptive positioning, not afraid of going to zero.
2.SAGA
Market Cap: $324 million
24-hour Trading Volume: $121 million
Cosmos is producing a skyrocketing coin, SAGA is the representative of the future, INJ TIA is next, aiming for over 10 times, with strong fundamental applications and technical positioning by major players. In fact, SAGA has some relation to gaming, and I believe game narratives will return, and it will be L1.
Saga is initially focused on gaming infrastructure, recently evolving towards modularity as a Layer 1 infrastructure, using inter-chain staking technology similar to Cosmos Hub, allowing developers to create and launch interoperable dedicated chains called 'Chainlets' on it. These chains can flexibly scale according to different Web3 application requirements, significantly reducing development time and costs.
3.WIF
Market Cap: $2.458 billion
24-hour Trading Volume: $642 million
WIF is a new meme coin on the Solana blockchain, inspired by the viral Dogwifhat meme. It joins the trend of dog-themed tokens in the crypto space. Meme coins like WIF focus on community and fun, often gaining popularity through internet memes. A new player in the dog world, rapidly attracting attention in the crypto market through viral spread and community-driven efforts.
The WLF (World Liberty Financial) supported by the Trump family is likely to become the new market focus. This will not only bring rising opportunities for WLF but is also expected to drive the entire DeFi ecosystem and push Ethereum (ETH) prices up.
4.SUPER
Market Cap: $631 million
24-hour Trading Volume: $34.34 million
SuperVerse (SUPER) is involved in two areas: Web3 gaming and the NFT market.
SuperVerse positions itself as the center of Web3 gaming, using blockchain technology to create a more immersive and user-owned gaming experience.
SUPER is not only a gaming token but also a 'meme coin' with strong community support.
SUPER combines cultural appeal and practical use cases, especially booming in the Play-to-earn model and NFT space, with huge potential for the future.
In today's crypto world, the success of a project often depends on being able to balance both points.
The increase within the year is also impressive, at 1320%, with a 24-hour increase of 17%.
5.PYTH
Market Cap: $1.322 billion
24-hour Trading Volume: $75.68 million
The oracle protocol Pyth Network recently partnered with AGDEX to enhance AGDEX's DeFi ecosystem by integrating Pyth's data sources, aiming to improve the platform's security and reliability.
Another DeFi project, Unipay, is also using Pyth's data to provide users with virtual credit card services based on crypto asset staking returns. Through Pyth, Unipay can accurately assess users' credit and provide on-chain credit limits, greatly enhancing the platform's credibility and user experience.
With ample chips below and stable trading data, this coin is expected to break through the resistance level of 0.40 in the short term. If it can stabilize, the resistance level of 0.50 will also be within reach. For investors seeking a long-term position, PYTH coin is undoubtedly a worthy consideration.
Wishing everyone to get rich soon!
