For investors, how should one choose between Bitcoin's long-term advantages and altcoins' short-term gains?
Trump's victory in the U.S. elections at the beginning of November has opened a long-awaited bull market for the crypto market, pushing Bitcoin to continuously break historical highs. With Trump's recent nominations of several crypto-friendly individuals to his cabinet, as well as the resignation of Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, the crypto community's expectations for the industry's long-term development have become more positive. Many figures in the crypto circle hold an optimistic attitude towards the upcoming 2025; for instance, Arthur Hayes predicts that Bitcoin will reach $250,000 by the end of next year.
The arrival of the bull market is also reflected in the explosion of altcoins. For a considerable period, altcoins were collectively sluggish, with the vast majority of coins lagging far behind Bitcoin's performance. However, recently, they have caught up and even surpassed Bitcoin's gains. According to Quantify Crypto data, as of November 26, among the top 200 cryptocurrencies by market capitalization excluding stablecoins, more than 180 have achieved price growth in the past month, with over 60 coins increasing by at least 50%. Such strong overall performance can truly be called a bull market, providing investors with opportunities to showcase their skills.
This year, Bitcoin has been increasingly accepted by the mainstream market, and its attributes as a global long-term store of value and a tool against inflation are gradually gaining recognition. As a result, many people, especially high-net-worth investors, have reached a consensus that Bitcoin is worth holding for the long term. Crypto KOL Phyrex stated based on on-chain data analysis that the number of Bitcoin held by high-net-worth investors (holding more than 10 bitcoins) is sharply increasing amid the recent surge in Bitcoin prices. Furthermore, if Trump fulfills his campaign promise to establish a Bitcoin strategic reserve, the hedging properties of Bitcoin will be further enhanced.
At the same time, high-quality altcoins remain an excellent choice for investors seeking higher returns. Recently, in addition to new tracks like AI Meme creating waves of wealth myths, many veteran projects have also performed well, such as the OG DOGE in the meme space and established coins like XRP and LTC, all of which have outperformed Bitcoin over the past 7 days. For investors, how should one choose between Bitcoin's long-term advantages and altcoins' short-term gains?
Recently, the cryptocurrency exchange Huobi HTX announced that it will launch a significant new product for pledged borrowing dynamic interest rates in early December, providing investors with a way to have the best of both worlds. Through Huobi HTX's pledged borrowing, users can borrow funds at market dynamic rates while retaining Bitcoin or other long-term holding coins, thereby improving capital efficiency and further expanding returns. In addition to USDT, the product also supports borrowing Bitcoin and Ethereum, enriching user choices.
Lending services have existed in the crypto industry for a long time, with numerous solutions available in both centralized and decentralized forms. To stand out in the competition, Huobi HTX has endowed its new product with multiple advantages. First, the pledged borrowing dynamic interest rate product offers high pledge rates and does not charge any fees, lowering the usage threshold; users can borrow and repay freely according to their needs. Second, the product does not set a borrowing limit, meeting the borrowing needs of any high-net-worth clients; at the same time, the dynamic interest rate mechanism keeps the product consistently competitive in the industry. In short, users of Huobi HTX's pledged borrowing can borrow more funds at lower costs and with greater flexibility.
To give back to users for their long-term support, Huobi HTX has launched a special event for loan quota reservations. Users who fill out and submit the reservation form and successfully lock in a USDT spot loan quota will be able to enjoy a 10% discount on the USDT spot loan interest rate in December after the official launch of the dynamic interest rate product for pledged borrowing. Currently, more than half of the total quota of 50 million USDT has already been reserved, and investors with borrowing needs need to seize the opportunity to gain more benefits.
In fact, the advantages of Huobi HTX's pledged borrowing dynamic interest rate products lie not only in the products themselves but also in the Huobi HTX platform. As one of the exchanges that prioritize security in the industry, Huobi HTX ensures the safety of all user funds, including collateral, through comprehensive security and transparency measures. Meanwhile, Huobi HTX offers a diverse range of exchange services to meet various investment needs of users. For example, the coin listing business personally guided by Huobi HTX Global Advisor Justin Sun has ample experience in discovering high-quality new coins; through the recently launched 'Golden Dog Plan,' Huobi HTX has listed several new coins with over 500% growth in the past month. Additionally, the industry-first 'Yubi Bao' provides users with up to 6% annualized returns on USDT assets in their contract accounts, enhancing the user experience and returns for contract traders. Moreover, Huobi HTX is highly sensitive to market hotspots and often conducts themed activities targeting quality coins; the ongoing 'DOGE Carnival Month' is a typical example. During the event period, trading provides opportunities to share additional rewards. Therefore, users can complete a series of operations from borrowing to investing and then repaying all in one place on Huobi HTX, simplifying the process while increasing opportunities for returns.
At the end of 2024, Huobi HTX is delivering a year-end gift to users through continuous product optimization and innovation. If this momentum continues, this bull market may become a starting point for Huobi HTX's further leap.
