In a bull market, sector rotation drives most cryptocurrencies to rise. It is most unwise to frequently switch positions and chase highs or sell lows; maintaining a good mindset is crucial. I often say it's important to have a fixed position and a liquid position; a fixed position is for long-term holding like BTC, ETH, SOL, etc., while a liquid position is flexible to ensure that opportunities are not missed.
February remains relatively safe, but there may be a risk of a pullback at the end of the month, so it's important to learn to take profits. Bitcoin may sprint to over 100,000 this week, and once it breaks through, the probability of a pullback in the short term is low, possibly rising to around 130,000 to 150,000, with a peak expected around the end of the month. Enjoying the bull market while looking forward to an even better market next year!
Recently, Bitcoin and Ethereum have experienced little volatility, but some established altcoins, such as XRP, HBAR, ADA, and EOS, have surged over 30%. This is closely related to Trump's policies, as he proposed tax exemptions for cryptocurrencies issued by American companies, benefiting XRP, ADA, and others, especially with XRP's trading volume on Coinbase surpassing BTC and ETH, re-entering the top three by market capitalization. XLM has also regained strength, approaching historical highs.
With the Federal Reserve lowering interest rates, market funds are abundant, and altcoins are starting to rise in turn. Currently, the focus is on newly listed meme coins and active old coins, but caution is needed when investing in old coins, especially DeFi projects and public chains. For new projects like ACT, the prospects are broad, but one should also avoid becoming a bag holder.
Over the weekend, the NFT sector rose by about 20%, with items like penguins, Bored Apes, and Azuki. However, retail investors are not recommended to speculate on NFTs; they are more suitable for collection than for trading.
After experiencing DeFi Summer, NFT craze, and metaverse frenzy, will the next wave of crypto enthusiasm shift towards DePIN (Decentralized Physical Infrastructure Networks)?
DePIN, as an emerging track, has attracted the attention of giants like Google, Microsoft, and Vitalik Buterin. According to a research report from MessariCrypto, the DePIN track is valued at about $9 billion this October, and is expected to grow to $35 trillion by 2028. With the rise of Bitcoin and the emergence of the inscription ecosystem, DePIN is gradually coming to the forefront, showcasing immense development potential.
Little Meow is here to introduce three DePIN projects; friends can take a look:
FIL
Market Cap: $4.369 billion, 24-hour Trading Volume: $965 million.
As the IO projects incubated by Filecoin go live on Binance and the recent price breaks the bottom, Filecoin, which once fell by as much as 98%, is starting to return to the public eye. As a DePIN project, Filecoin provides a decentralized storage network where users can rent out additional storage space to earn tokens. Since its mainnet launch in 2021, Filecoin has completed 10 network upgrades and 65 improvement proposals, with the latest upgrade completed on November 20, 2024, codenamed 'V24 TukTuk.'
OORT
Market Cap: $70.7633 million, 24-hour Trading Volume: $6.6479 million.
As a decentralized AI service platform that combines DePIN and AI, OORT provides storage, computing, and AI deployment and training capabilities. Since its mainnet launch last November, OORT has seen continuous growth, with a monthly increase of 175%. Currently, there are over 31,000 global nodes covering 111 countries. The project has completed nearly $10 million in Series A financing and has become an official storage provider for BNB Greenfield, further enhancing the storage capacity of the BNB Chain and promoting the development of a decentralized ecosystem.
AIOZ
Market Cap: $1.341 billion, 24-hour Trading Volume: $158 million.
As a comprehensive DePIN solution, AIOZ is suitable for scenarios like Web3 storage, decentralized AI computing, streaming, and video on demand. The platform provides a decentralized marketplace, allowing contributors to monetize AI-related assets and computing resources. AIOZ is the first DePIN project listed in Nvidia's accelerated applications directory, alongside industry leaders like Adobe and Epic Games. Over the past year, AIOZ tokens have surged by 717%.
That's all for today's article. We are currently in a bull market, with many changes happening; we share passwords every day. If you're unsure how to navigate the bull market, feel free to follow us for cryptocurrency trading strategies and layouts that can be shared for free.
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