In the morning, the market first had a small-scale pull-up, reaching a high of 101,400, and then quickly pulled back and fell below 100,000 again. Now many copycats are also pulling back. This is our opportunity. If there is a pullback, we will cover our positions and get on board.
I am not asking you to buy Bitcoin. If you have a lot of money, you can buy it, because the market is already very high now. If you want to explode again, you have to wait until Trump takes office. However, after he takes office, the market will rise but will immediately pull back, because it is almost the end of the year and people will sell their coins, cash in and buy New Year's goods, and then the market will pull back after the New Year.
So the potential for the current big pancake is limited, it might be worth considering buying some now. There are some hot altcoins and leading sectors that should see significant increases by the New Year. During the years of decline, one could sell a small portion, and after the New Year, it’s expected to rise again.
Four altcoins in the bull market may explode by 20-100 times, worth laying low for!
ENA
Two important events announced recently: one stablecoin collaborating with BlackRock has announced participation in the MakerDAO competition; the other is a deep cooperation with the largest on-chain options platform, Derivexyz, to build options and structured products on USDe, uniquely utilizing Ethena liquidity and USDe composability to achieve new financial primitives.
ENA has the potential to become the biggest dark horse in this market cycle; since this bull market doesn't have any breakout concepts, ENA's utilization of market arbitrage positions, the entry of traditional funds, and the demand for stable returns in the bull market will make it the most eye-catching!
SOL
Trump's appointment of David Sacks as the czar of artificial intelligence and cryptocurrency indicates formal recognition of the crypto industry in the U.S., which indirectly suggests that the probability of the SEC finding fault in the past will significantly decrease in the future. Additionally, the previous ETF spot review system will no longer be used.
The SOL spot ETF has been put on the agenda by Grayscale, with results expected as soon as the first quarter of 2025. The probability of approval is over 90%. Although SOL hasn't been so prominent recently, XRP and BNB have stolen the spotlight with their new highs, and its market cap is under pressure. A complete breakout will have to wait until January. As long as SOL's ETF application is approved next year, it won't be far from $1000 per SOL.
DOGE
The next wave of significant surges should be coming soon, with a minimum target possibly reaching $1, and it wouldn't be surprising to see it rise to $2. Once DOGE starts its massive surge, the adjustment phase for the entire meme coin sector will also end, leading to an even crazier market. This is expected to start around mid-December. The whole market may welcome a new wave of enthusiasm, and the performance of DOGE and other meme coins will be worth watching!
If a DOGE ETF is launched, the price could soar by over 50%. It is expected to skyrocket in January due to Musk's appointment as the head of the DOGE department, potentially hitting new highs on January 20. Now is a great time for retail investors to build positions, as the ETF application news itself has speculative value, stimulating price increases.
Sui
Sui continues to hit new highs and is set to become the next Solana. It wouldn't be too much to see it reach $10 during the bull market. More and more Solana developers are transitioning to the Sui ecosystem, starting with Solend/Suilend, and now Phantom, which will increase support for Sui. Phantom has over 7 million monthly active users and supports multiple chains, and is also the largest wallet on Solana.
The popularity and active users of SOL suggest that the future of SUI is vast and limitless. Who will be next? It increasingly feels like the early days of SOL.
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