On the morning of the 19th at 3 AM, I believe everyone will be focused on the news of the Federal Reserve's interest rate cuts; however, the market has already firmly priced in a 25 basis point cut, so it is highly likely that the market will follow the script to cut rates. The risks in the meeting are still the dot plot, including Powell's speech emotions.
If Powell makes statements about slowing interest rate cuts mid-way, then the market will react with a certain drop; thus, we still need to see what the old Powell says. Currently, the market's adjustment is driven by risk aversion, not a real bearish trend. The main trend is still bullish, especially since BTC and ETH's ETFs have consistently maintained net inflows. As mentioned in yesterday's article, many listed companies and institutions are willing to raise their costs to buy BTC, proving that 100k is merely a starting point for them.
The pullback of altcoins last night and this morning can be seen, basically around 10%, with severe points being 20-30%. Currently, altcoins still lack significant liquidity support. Bitcoin can continuously break new highs because of institutional and listed company funding support. Thus, the current large coin has already followed a regular pattern, while altcoins are still waiting for market platform news. Personally, I believe this will happen next year, for example, if SOL launches an ETF, it will create effects for altcoins.
In fact, altcoins do want to rise; the current timing is just not the explosive period for altcoins. This wave is similar to last month when Bitcoin broke 90k and hit new highs daily. Once Bitcoin breaks through the market value ceiling, altcoins will soar collectively. Last month, after Bitcoin hit 100k, many altcoins surpassed their previous highs from March this year. This wave is similar; although Bitcoin has been hitting new highs in the past few days, have you noticed that this new high is not at an integer threshold and doesn't even make the hot searches.
The market can only ignite the enthusiasm of retail and altcoin funds by breaking through significant levels like 110k and 120k, so I advise those holding altcoins to be patient. As long as your altcoins have narratives, the project team is still operational, and the direction aligns with market hotspots, then there is no problem.
New projects are emerging, and the market's draining effect is significant.
Recently, major exchanges have frequently launched new VC coins, resulting in a large amount of market funds being siphoned away. New projects often show fierce and short-lived trends, with project teams attracting investors through airdrops, such as MOVE, ME, ACX, etc. However, buying these often faces the risk of being stuck, so it is advisable to treat these new coins with caution and avoid blindly following trends. The current market situation first eliminates long positions through violent fluctuations, then pumps short positions, followed by a long period of consolidation. This may be the market's cleansing process, aimed at removing floating capital and high-leverage long positions to build momentum for future rises.
The excessive issuance, chaotic issuance, and lock-up of altcoins during the general rise, along with the wealth creation effect on-chain, have drained the entire market's liquidity!
Recently, even new coins launched have not shown much profitability; they directly drop after opening, indicating that market funds have run dry. If Bitcoin experiences a pullback, it means that funds from the entire market will be withdrawn, liquidity will completely disappear. Simply put, if Bitcoin rises, altcoins fall, and if Bitcoin falls, altcoins remain in this lifeless state.
For small coins to break through, external funds must enter the market, or funds previously stuck in large-cap coins like DOGE, XRP, ETH must come back out. As long as these large coins do not rise, altcoins will struggle to show improvement. If BTC pulls back in the future, ETH may be relatively strong; just a few days ago, ETH broke this year's new high, less than 20% away from its historical high. If Bitcoin stabilizes in the next phase, Ethereum may perform well.
Currently, other altcoins, including SOL, are in a market where they are being drained by Bitcoin. SOL can be considered a barometer for ordinary altcoins, and the declines of other altcoins are often more severe than SOL.
Of course, a few projects have managed to perform against the trend, such as FTT, which started speculation half a month early as the FTX bankruptcy reorganization plan will take effect in January 2025.
Platform tokens are generally performing strongly, with GT and BGB reaching new highs, and the increase over the past 7 days is over 50%. Even BNB hasn't fallen significantly, and the DEFI sector is also performing well, likely driven by strong HYPE. AAVE, ENA, and USUSL all have increases of over 10%.
RWA, AI, and DEPIN continue to maintain a strong attitude, especially driven by AI AGENT, where VIRTUAL FDV has surpassed 3 billion, and Fartcoin's market cap has exceeded ai16z and goat. The entire sector continuously generates new 'golden dogs.'
Buying at a comfortable price point and maintaining sufficient faith is crucial to not being affected by short-term market fluctuations. If you can't enjoy your meals because of buying coins, then there must be issues with your investment strategy. The essence of investing is to befriend time, making life happier rather than more haggard.
What are the rising genes of last year's hundred-fold dark horse? What is the specific rhythm of the altcoin season erupting in 2025?
Looking at this table, I believe you won't be as anxious anymore:
Investing should be logical and systematic! The overall market continues to rise, while the popularity of altcoins has been somewhat drained. Some retail investors are laughing maniacally as if they're in a frenzy; don't deceive yourself—there is no altcoin season. If the coins you hold are rising, that is your 'altcoin season.'
Seeing the market's low sentiment, the future is even more worth looking forward to. Market trends are always inversely proportional to retail sentiment! The new round of listings is here:
BGB breaks 4U! 600% increase in 2024; is BGB the next BNB?
6 years without incidents + 11% market share, ranking fourth globally!
Through the analysis of the previous bull market's platform tokens, we found that new exchanges rise first, followed by older platform tokens. Last round, FTT and MX rose first, then BNB, OKB, and GT followed. Currently, BGB is at 4.2u, having risen nearly four times since the last election. MC is 5.7 billion, ranking 29. Compared to MX, which was once a dark horse, it is undoubtedly highly controlled.
Moreover, with platform new listings, earnings, etc., more users will come in to buy BGB, whether for pure speculation or new listings, this is the consensus. Not to mention buying BGB; just due to BGB's increase, the pump itself is the biggest marketing, bringing users to the platform. Not to mention trading depth; as long as there are users, the transaction fees alone are a very decent cash flow. This is just from the transaction fees. For the behind-the-scenes manipulators selling off, refer to how the ETH Foundation sold off. This is just a part of the income for the behind-the-scenes manipulators; passive income refers more to BNB.
As for whether there will be opportunities to bottom out? Absolutely. But not now; now is a rising trend period. Wait for the trend to decline, for example, if issues arise in the US economy, liquidity crises, etc. When the upward trend is gone, BTC will fall, and BGB will definitely fall. At that time, it will naturally be the time to bottom out.
As for whether new listings can continue? The price has risen to new heights. It all depends on the platform's and team's vision, as well as team operations or ecosystem factors. The platform should not cut off its own arms; future prospects are still promising. That way, more profits can be made, but correspondingly, more effort is also required. Let's wait and see.
Alpha? Drama!
Today at noon, a Space titled 'Binance Wallet Rebirth: National Review Conference' was held in Binance Alpha. He Yi introduced future innovative plans to everyone, mentioning that a Telegram group related to Binance Alpha will be established, allowing community members to report potential 'Rug Pull' projects in a timely manner. This move is clearly aimed at bringing more community interaction and transparency to the Binance wallet, but the host immediately responded, 'Actually, this group already exists.' Shortly after, Binance's official Twitter posted a group link in the comments, seemingly this is the 'official platform' related to Binance Alpha.
At this point, thousands of investors quickly flooded into the group chat. However, who would have thought that this simple link would turn into a 'Waterloo' in the following minutes? Just in this Telegram group, the official announcement revealed the first batch of projects launched on Binance Alpha, namely: $MONKY, $HAPPY, $RIF, $ZRC, $ELIZA.
Once the information was released, the market reacted quickly and violently: the token prices of these 5 projects skyrocketed, especially ELIZA, which soared several times within just a few minutes. This seemingly fortuitous opportunity quickly attracted a large number of short-term speculators, with almost everyone feeling they had seized an excellent trading opportunity.
The holders of the mentioned projects cheered, 'Great, it's Binance; we are saved,' but at this moment, Binance officially released a statement debunking that the Telegram group was not officially released. At this point, the previously skyrocketing coin prices quickly suffered heavy losses, with all project prices starting to plummet, especially ELIZA, which sharply dropped from its peak just minutes ago. The once 'lucky investors' began to incur losses, and market sentiment instantly shifted from excitement to panic. Investors' confidence rapidly collapsed, and Binance clearly became the spark for this chaos.
At this time, the truth of the event comes to light. Binance officials stated: the incorrectly published Telegram group link was indeed officially released by Binance Wallet but was accidentally sent incorrectly. Following this, a new Telegram group link was issued, which was quickly enthusiastically discussed by investors, forming a new 'rights protection front.'
In this group, users expressed their dissatisfaction and anger towards the official operations, accusing the Binance wallet of being rash and irresponsible. Some even described the situation as a 'shoddy production,' harshly criticizing the capabilities of the Binance team.
A press conference that should have been a market highlight quickly turned into a public relations disaster about trust and transparency, leading to widespread doubts about the Binance wallet and Binance Alpha.
There are many victims of this blunder, but the most amusing must be the one below:
This unfortunate soul sold 1.76 million $arc (about $170,000) to buy 1.42 million $ELIZA after the news was released, at a cost of $0.01376.
Subsequently, he realized that ai16zeliza was the lowercase $eliza, and he cut losses selling all tokens to buy $eliza at $0.09567, losing $59,600. After the official announcement of the blunder, $eliza also immediately dropped, leading him to cut losses again, losing $43,000 (cost price $0.01693, selling price $0.01157), with an overall loss of 52.5%.
This 'official misfire' farce, although concluded with a simple explanation of 'wrong link sent,' its impact is far from over. With the launch of Binance Alpha, the influence of 'the wolf is coming' seems to continue.
The hottest topic today is undoubtedly the listing of Binance Wallet's Alpha.
A total of two batches are divided, 10 projects; below are the tracks and detailed introductions of these 10 projects.
Binance Alpha's first batch of projects has varied increases.
The first batch of projects on Binance Alpha includes: KOMA, Cheems, APX, ai16z, AIXBT.
KOMA
KomaInu (KOMA) is a dog-themed MEME coin inspired by Dogecoin (DOGE) and Shiba Inu (SHIB), aiming to become the 'loyal guardian of BNB.' The KOMA project team is experienced, having successfully incubated multiple crypto projects with market values exceeding $100 million, laying a solid foundation for KOMA's development. The project promotes the continuous growth and evolution of the BNB ecosystem by consolidating community consensus.
Cheems
Cheems is a Meme project built around the classic internet meme 'Cheems.' This small and cute Shiba Inu is hailed as the 'King of Memes,' carrying the humor and emotions of global internet culture. It has successfully penetrated the crypto world from Web 2.0, becoming a model for community-driven projects. The Cheems project not only attracts a large fan base with its strong IP endorsement but also aims to create a truly community-centric and fully decentralized cultural symbol within the Meme ecosystem.
The development journey of Cheems is full of drama and comebacks. Since its first issuance on ZKSync in 2023, it has become one of the most popular Meme projects in the ecosystem due to its soaring popularity. Despite facing setbacks such as contract FUD and near-zero valuation, Cheems did not sink but instead, with the team's resilience and community support, successfully replaced contracts and completed migration, even achieving exclusive cooperation with ZKSync's mainstream Dapp Syncswap. In 2024, Cheems smoothly migrated to the BNB Chain and quickly attracted more users, with community activity continuously rising.
APX
APX (apollox.finance) is a decentralized derivatives platform that supports multiple chains.
DEX. APX received investment from Binance Labs in 2022, supporting BNB.
Chain, Arbitrum, opBNB, zksync, Manta Network, and Base chain, as of now, APX's TVL has reached
over $350 million.
The main advantages of APX in attracting users are:
Classic perpetual contracts can reach 250 times leverage, while in Degen mode, they can offer leverage of up to 1001 times.
Low slippage, with slippage as low as 0.01%, and 0 slippage in V2 Degen mode.
High trading performance, used by over 30 partners including pancakeswap.
Position isolation, so if one position is liquidated, it will not affect other positions.
ai16z
ai16z is a decentralized AI trading fund based on the Solana blockchain. As an 'AI Investment DAO,' the core of ai16z is to utilize AI agents to gather market information on-chain and off-chain, analyze community consensus, and automatically conduct token trading. This new model aims to combine AI trading strategies with decentralized governance through tokenization, providing investors with transparent and higher-trust investment opportunities. Additionally, the project has the endorsement of Marc Andreessen, founder of a16z, who shared the concept image and official Twitter link on his Twitter account.
AIXBT
aixbt is a project created on the AI agent creation platform Virtuals Protocol, focusing on discussions and token analysis in cryptocurrency.
Ironically, the movements of Binance's own projects have all turned from bullish to bearish, fluctuating wildly, while other AI Agent projects on different chains have solidly absorbed this wave of good news, showing a steady upward trend.
Overview of the second batch of projects.
At 8 PM, the second batch of projects from Binance Alpha was also announced, namely:
BNBChain: CKP;
Ethereum: GEAR, SD, SYRUP;
Solana: FARTCOIN
CKP
Cakepie is launched by Magpie, aimed specifically at supporting the long-term development of PancakeSwap. The main goal of Cakepie is to accumulate CAKE tokens and lock them as veCAKE to gain enhanced returns and governance power within the platform.
Cakepie provides CAKE holders with an opportunity to earn enhanced CAKE rewards as passive income. It also offers cost-effective voting power for PancakeSwap voters and allows liquidity providers to enjoy higher annual percentage rates (APR%) without needing to lock any CAKE tokens as veCAKE.
GEAR
Gearbox is a leverage protocol on Ethereum that achieves leveraged lending and composability by introducing Credit Accounts to enhance capital efficiency in the DeFi world. Users can obtain leveraged funds on the protocol and enter mainstream DeFi protocols. Credit Accounts are independent smart contracts with specific whitelisted operations and assets, ensuring a higher level of security for user funds and borrowed funds.
SD
StaderLabs focuses on providing convenient staking solutions and maximizing user staking returns. The platform leads the future direction of staking through its full suite of DeFi products, including a simplified one-click staking solution that allows users to easily invest in multiple validators. Stader has developed a liquid staking solution that enables users to pool assets without meeting all staking requirements while minting tokens representing staked assets, which appreciate in value as staking rewards increase. In July this year, Coinbase announced that it would list Stader (SD) on its coin roadmap.
SYRUP
SYRUP is a lending platform launched by Maple Finance, and $SYRUP is key to transforming the institutional lending market. Users can convert existing MPL tokens into staked SYRUP at a ratio of 1 MPL: 100 SYRUP, allowing them to participate in Maple Finance's governance and growth immediately. Staking SYRUP provides participants with opportunities for rewards related to the ecosystem's performance.
FARTCOIN
Fartcoin belongs to the AI meme concept. In a user interaction event held by Truth Terminal, the platform asked the public what topics they wanted to focus on, and its first response was to continue generating endless Fart
Jokes in the tweets. This absurd yet light-hearted humor quickly attracted a lot of attention, even Tesla added fart sound effects to its software, further promoting the spread of this cultural phenomenon.
In this context, Fartcoin was born. It is not only called 'the best $GOAT beta' but also an experiment on the future potential of AI technology. Fartcoin takes a cynical attitude, bringing Fart Jokes to the blockchain, combining technology and entertainment with a light-hearted, humorous, and ironic cultural stance, making it a unique representation in modern internet culture.
Overall, the 10 targets launched today are from three tracks: MEME, DeFi, and AI agents.
The above is an introduction to the 10 targets logged into Binance Alpha today. I hope this article is helpful to you.
