The current situation shows that the future trend of cryptocurrencies is positively influenced by multiple factors. On a macroeconomic level, both the Federal Reserve and the Bank of England have announced a 25 basis point rate cut, further releasing liquidity and providing a foundation for the upward movement of the crypto market.
Additionally, stablecoins, as a key indicator of liquidity in the crypto market, have shown a growth trend recently, which usually signals potential price increases for cryptocurrencies.
In terms of BTC, it is currently in a price discovery phase, entering a relatively stable consolidation period after a short-term sharp rise. Although 72000u seems high, and 76000u appears even more expensive, this may only be the starting point of the second half of the bull market.
After last night's interest rate cut, BTC's increase was below expectations, while ETH performed stronger, currently standing above 2900u. Once ETH breaks 3000u, altcoins are expected to enter a bullish mode, with increases likely exceeding 30%.
Meanwhile, SOL has surpassed 200u, further showcasing the potential of the altcoin market.
After Trump's election, the Federal Reserve is expected to accelerate interest rate cuts, making rate cuts the norm and promoting accelerated capital flow. Funds will first flow from the Federal Reserve to the US stock market, then into BTC, followed by ETH, and finally spread to altcoins, triggering a comprehensive market rally.
Noteworthy altcoin tracks:
The resonant development of Ethereum and DeFi
UNI: As a representative of the automated market maker (AMM) model, UNI is the leading coin in the DeFi market.
AAVE: The leader in decentralized lending protocols, AAVE continues to dominate the DeFi lending space.
LDO: The leading coin in the Ethereum staking space, as Ethereum 2.0 progresses, Lido's influence becomes increasingly important.
ENA: The USDe protocol launched by Ethena Labs provides a stable synthetic dollar for the crypto market and is a leading project in the DeFi stablecoin space.
Emerging conceptual assets combining AI and blockchain
FET: As the leading coin in the intelligentization of AI systems, Fetch.ai is a step ahead in the integration of AI and blockchain.
GRT: Providing distributed graph indexing services, is becoming a new star in the AI track.
IO: A representative of decentralized artificial intelligence computing and cloud platforms, building blockchain infrastructure in the AI field.
NMR: Optimizing trading models through competition modes, Numerai introduces AI technology into prediction markets.
The rise of RWA on-chain real asset projects:
ONDO: Focused on tokenizing traditional financial assets, especially the on-chain transformation of treasury bonds, backed by BlackRock, giving it strong trust.
MKR: Using the decentralized stablecoin DAI as collateral for RWA, combined with DeFi mechanisms to promote on-chain financial innovation.
PENDLE: An innovative project providing yield trading protocols, it is an emerging force in the RWA field, helping to tokenize yield-bearing assets.
Narrative hotspots in the crypto market post-election
With the dust settling after the election, the market's focus is gradually shifting to several narratives with great potential, especially the MEME series of coins related to Musk.
DOGE
Musk has always been a staunch supporter of Dogecoin, and every statement he makes can provoke strong market reactions. The joint support of Musk and Trump undoubtedly provides a huge boost to Dogecoin. Currently, the key resistance level for Dogecoin is at 0.50u; if this threshold is broken, the upward space for DOGE will be very significant, targeting 1u, and even aiming for a peak of 2u. In the next four years, if Musk continues to pay attention to the economy and the crypto field, Dogecoin's performance may be even more anticipated.
PNUT
PNUT is a dazzling new star in the current MEME culture, combining political movements, a spirit of rebellion, and Musk's influence, making it a natural combination for a MEME hit. With the end of the election, Peanut's narrative is timely, capturing the pulse of market sentiment, and becoming a focal point for investors. Whether as a political symbol or as a representative of MEME culture, PNUT is expected to become a hot project in the near future.
After the election, pay attention to these MEME coins, especially DOGE and PNUT, which are likely to capture market fluctuations and potential explosive opportunities.