Federal Reserve Chairman Powell's statement is just a minor episode.
The overall bullish trend in the market will not change.
Last night, a statement from Old Powell caused the entire market to decline, but the overall bullish trend remains unchanged.
Even in a bull market, the prices of cryptocurrencies have never risen steadily. For such unexpected events, we can only accept the pressure.
The direction of the big cake CX government's involvement has not changed. Members of the Baga country government submitted a proposal to the legislative department in December to establish a national Bitcoin reserve. The Brazilian Policy Research Institute proposed to establish a strategic Bitcoin reserve under the US Treasury Department's Exchange Stabilization Fund (ESF) during the Trump administration, which only needs to be signed after Trump takes office to take effect. Putin has repeatedly hinted that Bitcoin is superior to foreign exchange reserves.
Therefore, the future trend of Bitcoin and the cryptocurrency market still has prospects. So far, the current decline is not very large, just returning to the level of early December. But isn't it also providing a new entry opportunity?
How to choose targets
In a bull market, if a new hot spot or concept emerges and begins to spread virally, the corresponding meme price will form a continuous sharp rise.
The typical characteristic of this stage is: the price of the coin rises sharply, with basically no pullbacks or, even if there are short-term pullbacks, they do not exceed 30%;
To seize this opportunity, there are two methods:
a. Regularly check hot targets and have a certain judgment on the intensity of narrative dissemination. For example, the narratives of $BAN, $RIF, and $LUCE all have different angles and novelty, while $DOGE and others also have strength from a dissemination perspective.
b. If you didn't pay attention at first, you can analyze and judge which stage of viral dissemination the project is in by seeing some KOL posts and group members talking. If you believe the project is in the early stage of viral dissemination, it is also a good time to enter.
» $FARTCOIN
Market Cap: $526 million
24-hour Trading Volume: $1.691 billion
Today's price of Fartcoin (FARTCOIN) is US$0.9569, with a 24-hour trading volume of US$212,796,276. This indicates a price increase of 18.05% over the past 24 hours and an increase of 83.03% over the past 7 days.
It is a meme coin with high interest and potential appreciation space, occasionally gaining high attention due to its unique market strategy and cultural positioning.
» $PENGU
Market Cap: $1.995 billion
24-hour Trading Volume: $2.239 billion
Today's price of Pudgy Penguins (PENGU) is US$0.03235, with a 24-hour trading volume of US$2,238,972,416. This indicates a price increase of 6.31% over the past 24 hours.
PENGU Coin is the official token of the Pudgy Penguins project, which is a blockchain-based digital art collection series originally launched on the Ethereum blockchain.
The launch of PENGU Coin marks Pudgy Penguins project's further attempt to integrate into the cryptocurrency market, which is expected to bring more expansion opportunities and community activity to the project.
» $USUAL
Market Cap: $526 million
24-hour Trading Volume: $1.691 billion
Today's price of Usual (USUAL) is US$1.18, with a 24-hour trading volume of US$1,689,841,792. This indicates a price increase of 27.27% over the past 24 hours.
Usual Coin is a decentralized stablecoin protocol designed to provide a secure, transparent, and decentralized stablecoin by tokenizing real-world assets (RWA).
Usual Coin is an innovative decentralized stablecoin project that brings new possibilities and development opportunities to the stablecoin market through its unique tokenization and governance model.
