1. Bitcoin is the only one that stands out and continues to rise
We have been optimistic about Bitcoin recently because the amount of funds on the chain has not decreased.
And yesterday we also analyzed in the YouTube video that as long as it is above 92,400, it will maintain a continuous increase. Yesterday's daily line also closed well. As of now, it is still in a spiral upward state. It is not as devastating as last week, but the pie is the pie. The increase is not the largest, but the sustainability is the strongest. This is also due to the fact that many profit-taking in other tracks has been exchanged for BTC.
Then both Shanzhai and MEME will be cold in the next few days, and short-term funds cannot be recovered. It will be possible only when Bitcoin slowly touches the door of 100,000, but it also gives us the opportunity to continue to build positions.
Therefore, regarding Bitcoin, if you hold it, please continue to hold it. Don’t rush to take profits before it reaches 100,000. If you hold altcoins, also continue to hold it. After all, the bull market pattern remains unchanged and funds will soon flow back.
The popularity of MEME has faded somewhat, but the hot topics remain.
2. The dispute between uppercase and lowercase Eliza, which one should I buy?
As the world's first AI agent trading fund, AI16Z relies on AI agents to make trading decisions. It has been the focus of meme players since its launch.
During this process, AI16Z and @vvaifudotfun jointly launched the AI agent eliza, which was supported by ai16z. At the same time, the meme token eliza of the same name was launched, which was directly transferred to the wallet of the ai16z foundation. This also made lowercase eliza the largest holding of ai16z.
However, yesterday afternoon, ai16z partner Shaw posted a tweet, which roughly means: "Lowercase eliza does not belong to ai16z, now we are going to release a new uppercase ELIZA, Eliza is free."
This tweet caused Eliza’s market value to drop by 87.5%, while the price of ELIZA skyrocketed and its market value soared, all the way up to $8,000. At the same time, it also directly destroyed the credibility of ai16z, and the overall market value of AI16z quickly fell below $200 million.
Shaw announced that he would airdrop uppercase ELIZA to all lowercase eliza holders, and emphasized that the team would not make any profit and all proceeds would support the development of ai16z DAO and related projects. However, the airdrop snapshot was completed before the incident occurred. Can the share of the uppercase ELIZA airdrop make up for the losses caused by the lowercase plummet?
When we saw yesterday that the price of lowercase eliza has become stronger after the fermentation of time, the community representative also spoke, we are not going anywhere. The institution AI16Z cut off from lowercase eliza, which is a bit shameless. The main reason is that they lack control. It has a bit of the meaning of Wanglaoji and Jiaduobao, and also copied the story of uppercase and lowercase Neiro, conspiracy group VS community. Then we look at history again. Although lowercase eliza has lost the characteristics of AIMEME and is more like a community coin, the MEME movement itself symbolizes the resistance spirit of the grassroots. Therefore, lowercase eliza is likely to exist as a community MEME that survives in the long run. Therefore, it is recommended to buy on dips. On the other hand, the plunge of AI16Z, coupled with the recent bloodsucking of Bitcoin, has given us the opportunity to buy at a low point in stages.
3. $BARSIK rose by 1635%, should we chase it?
Recently, a cat named $ BARSIK has been leading the animal meme trend. Its price has been rising continuously since November 16, from a high of $0.02 to $0.347, an increase of 1635%. As of the afternoon of November 20, the price fell back to $0.1316.
This round of increase was driven not only by donations from DWF Labs, but also by the logic of Internet celebrities creating hot spots. It was successfully launched in just one week and became one of the models for the operation of Animal Coin.
1. What is the narrative of $BARSIK?
BARSIK is the cat of Russian internet celebrity Hasbulla. Hasbulla suffers from dwarfism and is only one meter tall. He became popular on the Internet by posting positive and optimistic videos and is known as the "little giant" of Dagestan. His beloved cat BARSIK is one of the highlights of his videos. This cat often appears as a "drama queen". In the eyes of fans, this cat symbolizes warmth and companionship, and a large number of memes have been born on the Internet.
Hasbulla’s personal influence + people’s enthusiasm for the “cat economy” + the continuous spread of funny animated pictures or videos in the community have attracted a large number of investors.
2. The hidden concerns behind $BARSIK
Although $BARSIK is currently operating very successfully, my view is still that it is a short-term investment and is not suitable for long-term holding because it still has certain risks. The specific risks are as follows:
1) Deep binding with Hasbulla
Many meme coins choose to be associated with celebrities or internet celebrities in order to attract attention quickly. $ BARSIK is directly affected by Hasbulla. Once Hasbulla has a conflict with the project or his reputation is damaged, it may quickly have a negative impact on the token price. For example, Hasbulla caused a lot of controversy in the community due to the cat abuse incident, and this coin issuance was also questioned as excessive consumption.
2) Lack of growth
The market performance of meme tokens is usually driven by emotions. Once the popularity drops, the token price will fall quickly. The current market value of $BARSIK is 156 million. Further growth requires listing on a larger exchange. According to the performance of the coin price on the evening of November 20, it also opened high and closed low, which was not as expected. Moreover, it is a token that is deeply bound to celebrities, and it is very difficult to be listed on a large exchange.
3) Cabal manipulation
The recent rise of $BARSIK is actually manipulated by DWF. The market maker of Meme coin is a double-edged sword. On the one hand, it can create market heat, increase liquidity and price, but the meme heat comes and goes quickly. Once the manipulator's "push and sell" strategy makes a profit, the price will collapse after the market crash, which will soon trigger a crisis of trust in the community and lead to the division or loss of the community.
4. Why didn’t BONK see an increase in price on Upbit?
Most of the content is occupied by MEME because, apart from the big cake, other tracks are really not popular and have no growth.
We carefully selected a hot spot other than MEME, the Korean Exchange, but the shadow of meme is still lingering.
Recently, many meme coins usually experience a wave of significant gains after being listed on mainstream exchanges (such as Binance and Ethereum). However, after BONK was listed on the mainstream Korean exchange Upbit, it failed to continue this pattern. What is the reason?
1. Upbit introduces USTD, and the premium disappears
One of the easiest ways for Koreans to make money historically is to trade through the Korean market premium. This includes buying USDT, transferring it to a foreign exchange, earning the proceeds, and returning to the Korean market when the Korean market premium appears; or simply buying USDT when the Korean market premium is low and selling it when it is high.
Upbit launched the USDT trading pair in June 2024, allowing Koreans to conduct cross-platform arbitrage more conveniently. This convenience has reduced the premium in the Korean market, especially in the context of a weakening won. Many investors prefer to hold stablecoins or US dollar assets.
2. Macro market and regulatory pressure
South Korea recently introduced the (Virtual Asset User Protection Act), which allows the government to freeze crypto accounts under special circumstances. The introduction of this policy has increased retail investors' concerns, causing more funds to flow to on-chain or offshore trading platforms, further weakening the attractiveness of Korean exchanges.
In addition, local governments in South Korea have begun to confiscate virtual assets to collect overdue taxes, exacerbating market fears.
3. Changes in user behavior
Previously, you could hear more about Koreans using exchanges to speculate on cryptocurrencies, but in fact, as more and more high-yield projects on the chain emerge, Koreans are also turning to high-yield projects on the chain rather than secondary currencies on centralized exchanges. This trend can be seen from the huge decrease in buying of DOGE and SHIB in recent years. The familiar "Korean market premium" as a market heat indicator is slowly becoming unreliable.
