It’s only a matter of time before Bitcoin hits $100,000
Bitcoin prices are heading for a record high of $100,000 as the market is optimistic that President-elect Trump's support for cryptocurrencies heralds a boom in the cryptocurrency market and that the United States will shift to friendly regulation of the cryptocurrency circle instead of its previous harsh crackdown.
Bitcoin, the largest digital asset, rose as much as 3.6% on Thursday and approached $99,500. The entire cryptocurrency market has gained about $900 billion since Trump won the election on November 5.
Good news, stop cursing, brothers, Ethereum has stood up, a big green column has strongly broken through the range of this week's fluctuations and reached above 3300
Ethereum returns strongly, and L2 tracks move forward in parallel
As Bitcoin is about to hit $100,000, Ethereum, which has been silent for a long time, has also seen a strong rebound. Yesterday, it surged by more than 300, an increase of more than 10%.
The Layer 2 track was also stimulated by this and rose together. In the past 24 hours, OP had the highest increase of more than 20%, and Arbitrum also had an increase of about 12%.
Today's market hot spots:
Meme market: The popularity of memes on SOL has declined. Currently, only Chillguy is performing strongly, while others such as $pnut, $act, and $ban are still in the process of correction. It is expected that the rebound will be more intense after the correction ends.
SOL: Approaching all-time highs due to progress in ETF application, a breakthrough is imminent.
Fed's Schmid: Cryptocurrencies are tradable assets, not currencies.
FTX reorganization: The plan will take effect in January 2025, and user compensation will begin in March. This is also the reason for the surge in FTT.
Trump's encryption plan: It is expected that Bitcoin reserves will be established. The US strategic reserve is imperative. European countries may follow suit. Bitcoins in hand should not be sold.
SEC Chairman Resigns: Gary Gensler will resign on January 20, which is good for the crypto industry, especially the DeFi field. Pay attention to $uni, $aave, $dydx, etc.
ETH rebounded: ETH and L2 tokens such as $op, $arb, $strk, and $eigen saw sharp increases, and we will pay attention to them later.
The future money-making effect of the cryptocurrency circle will be concentrated on Musk and Trump, as well as the SOL they support. Instead of playing memePVP every day, it is better to buy SOL and the ecological jto jup. A few days ago, I said in the group that the new high of SOL and the ecological system will definitely take off, and the market will rise very high as soon as it comes.
For Ethereum to take off, ENA ETHFI LDO SSV and others are essential.
The United States has cut interest rates, and will continue to do so in the future, so funds will definitely flow to other places with higher interest rates. The interest for staking Ethereum, such as ENA, is 10%, while in the United States it has been falling from 5% to 4.75%, 4.5%... all the way lower. Money will definitely flow to large VC coins first, and then to small ones, because the premise of profit is security. To make money in the currency circle, grasp these major premises, make good arrangements in advance, and then you only need to wait to make money later.
➜ $OP
- OP is the leader of Ethereum layer2. The rise and fall of OP is indeed a weather vane for Ethereum altcoins. Now all L2s use chains based on OP, including Base and Sony. All these chains will give OP a share of the revenue generated by user transactions. In the medium and long term, OP can become an unbreakable ETH whale.
- If conditions permit, it can actually intervene at any time to reclaim its own tokens and further stimulate the ETH market.
➜ $APT
- Last night, Circle officially announced the launch of USDC and Stripe on Aptos. At the same time, Stripe will also integrate Aptos. The Aptos blockchain is rapidly rising and provides a solid foundation for fast and secure stablecoin transactions and commercial applications.
- Aptos has been recognized by major institutions including Circle, Stripe, Tether, eHKD, Franklin Templeton, and Aave;
- Aptos has unparalleled advantages in the financial and payment fields that other public chains cannot match; its strong technical and application foundation, as well as the recognition of many institutions, have laid a solid foundation for its future development.
➜ $RAY
- Raydium is an automated market maker (AMM) based on the Solana blockchain that provides users with a central limit order book, supports fast trading, liquidity sharing, and allows users to earn returns.
- Raydium has greater potential than Uniswap. It can generate more fees and token revenue and is happy to share these benefits.
- But over a longer time frame, I think RAY is still significantly undervalued.
➜ $BONK
- $BONK is the strongest performing Memecoin in the $SOL ecosystem. Data shows that $BONK's increase on $SOL's positive rising days is about 4.5 times that of $SOL.
- Market logic: When $SOL rises, $BONK's increase is usually more exaggerated, becoming the first choice of market speculators.
- With $SOL’s breakout imminent and Solana’s dominance in the Memecoin space, $BONK’s performance will be of great interest.
➜ $ADA
- As one of the representatives of the third-generation public chain, ADA is unique for its rigorous academic research background and progressive development model
- Cardano uses the groundbreaking Ouroboros Proof of Stake algorithm and is committed to building a sustainable ecosystem that can meet regulatory requirements
- With the improvement of the Goguen phase of the Cardano smart contract platform and the subsequent DeFi boom brought about by the Alonzo hard fork upgrade, ADA will provide a continuous source of power for its outbreak in the next bull market while improving its underlying infrastructure.
Then we let everyone ambush Dogecoin in advance. I said that Musk will launch the starship on November 20th, and Doge will go to heaven. Look at its rise early this morning. We also took advantage of this high point to take profits. , some smart people even made a mistake.
In addition, we asked everyone to plan ahead for Floki because he was going to be listed on Coinbase, and today he was indeed listed, and the price rose sharply. So it is really not difficult to make money in the cryptocurrency circle. If you plan ahead for hot coins, you will get very good results.
