The US election 🇺🇸 is counting votes🔔

Election update: According to the Fox News website: 29 states have announced the results!

🔴Trump currently has 178 electoral votes

🔵Harris currently has 113 electoral votes
Trump is currently leading by 65 electoral votes and nearly 3.5 million votes

After Bio was listed on Binance, it should be a done deal to become the leader in Desci. Besides Bio's own token, it actually has two major ecosystems:

1) Pump Science
Pump Science was created by Bio to mimic pump fun, which can also be said to be Bio's incubation. However, Pump Science cannot issue tokens at will; as of now, the official website acknowledges only two tokens, which are
rif and uro.
There are several unofficial tokens associated with Pump Science. It doesn't matter too much whether it is official or not. What the truth is doesn't matter; what the public thinks is what matters.

2) BioDAO launch
This is Bio's launchpad for raising funds for various sub-Daos. Bio's own token has also been used for fundraising on it. Among them, VitaDao is currently the largest by market capitalization, mainly researching aging issues to extend human lifespan. Moreover, Bio's team was originally from VitaDao.

Cryodao researches cryogenic technology, such as low-temperature preservation, etc.

QuantumBioDAO researches quantum biology; this just finished financing, and the token has not yet circulated.

Other Daos include hairdao, which studies hair loss issues, etc. If interested, you can look it up yourself.

Several meme coins on BN, such as goat, moodeng, pnut, act, etc., have already dropped about 70% from their peak, so they have almost fallen enough. Even if they drop further, the space is limited. At this time, buying in batches at lower prices will definitely lead to profits.

That's the rhythm of meme coins; they rise sharply when they go up, and they can drop so much that it leaves you stunned, truly a classic case of 'the bold eat meat, the timid suffer losses'!

The Sahara Testnet is live

I just checked it out, and Sahara has two main advantages, which are quite powerful.

1. Data Annotation:
One of the core functions of the Sahara AI testnet is its data annotation system. Through blockchain technology, Sahara AI has achieved decentralized data annotation, making the uploading, sharing, and verification of data more transparent and secure.

Transparent data verification mechanism: The testnet provides real-time data verification capabilities, and the completion status of all annotation tasks can be traced, avoiding data tampering and inaccuracies.

2. Data Sharing and Collaborative Economy
Sahara AI is not just a data annotation platform; it also provides a collaborative economy platform for global developers and data contributors. In the testnet environment, I experienced how to share annotated data for AI training models, and the platform ensures that participants can receive fair rewards through a token incentive mechanism.

Shared data and benefit distribution: The collaborative model of the testnet adopts a decentralized mechanism, where users earn token rewards by sharing data and participating in model training. The distribution of tokens is based on contribution, ensuring fair distribution.

I have a magical law:

Any coin that makes a lot of money starts out being trapped.

Those that soar as soon as you buy them often don't make much money, and in the end, most of them are sold off too early.

Isn't this a bit of a "masochist" thing?

Haha, only a "masochist" knows how to resist selling, brainwashing themselves, and in the end, that's the only way to possibly achieve big results!

Don't be blindly optimistic; strategies require patience and steady execution.

My bottom fishing usually involves splitting the funds into two parts: one half for the left side and the other half for the right side.

The left side means buying whenever there is a drop, until the price falls to a level I can bear. The right side involves entering the market when signs of a rebound appear, or waiting for the price to create higher highs and lows before making an entry on a pullback.

Importantly, don't wait until the price drops to avoid buying, only to rush in after it has risen a few points. Doing so can easily lead to being repeatedly caught in market traps.

BTC and altcoins have shown some divergence, but overall, the crypto market still revolves around BTC. If BTC isn't strong, how long can the rise of altcoins last? It can be understood as a rebound from overselling or funds controlling the average cost of chips. Where has BTC dropped to? If it has hit the bottom, just wait for it; if it hasn't fallen to the right level yet, altcoins might pull the price up first to prevent too much of a drop.

However, that surge last night made me feel like the funds in altcoins are starting to move a bit.

Overall, the market is still in a consolidation phase, but it may be heading in a positive direction soon.

Why do I always mention the cottage season?

1. Let's start with the K-line and technical indicators

Look at this 3-day K-line chart of the dominance of Bitcoin (Figure 1). First, the price fell below the rising channel starting in June 2023, and encountered resistance after stepping back to the median line; second, the MACD indicator fell strongly below the 0 axis, and is now undergoing oversold repair.

Judging from these technical indicators and K-line trends, it means that BTC's dominance has begun to decline. If Bitcoin comes down, who will go up?

Look at the picture below (Figure 2), the support and resistance levels are very clear. Remember, any rise or fall cannot be a straight line, and there will definitely be fluctuations and shocks in the middle, but this does not affect the final direction of the market.

2. From the perspective of historical laws

Review the last bull market in 2020-2021. At that time, BTC rose from the end of September 2020 to December 2020. During this period, all DeFi coins were in a correction, and other altcoins were almost lying down. Only BTC led the way, rising from $10,000 to nearly $20,000. The price of UNI, the leader of DeFi, fell from $8 to more than $1.

By February 2021, BTC was close to $60,000, while Ethereum was still hovering below $2,000. Then you go back and look at the K-line to see how Ethereum rose from $2,200 to $4,000 in just two weeks.

We must be clear: BTC dominates the trend of the entire currency circle, but the rhythm and life cycle of altcoins and BTC are different.

3. From the perspective of market sentiment

The market is always born in despair, rises in hesitation, and collapses in madness; this is human nature.

Now the market is wailing everywhere, do you think the market is crazy?

Whether it is rising, falling or sideways, the trading market is always stimulating our nerves. What we can do is to find a strategy that suits us and execute it.

At this point in time, it is right to stick to it and wait for the crazy copycat season; it is also right to withdraw, because simply holding on to Bitcoin has earned 5-6 times.

Don't belittle each other, it's meaningless. In the end, we still have to face our own wallets and lives. As long as we make money and improve our lives in this cycle, nothing else matters.

Why do I say that many times, the feeling of familiarity will come back? Because when you are truly in the market, you will understand that many times history really does repeat itself. The feeling of the market has been deeply engraved in my mind, and it is hard to shake off.

Looking back to December 2020, BTC rose from $3,000 to $34,000, and all the altcoins in everyone's hands, except for these new things like DeFi, basically fell to new lows. What impressed me the most at that time was the FOR coin, which kept falling without any pump; other altcoins were basically the same.

The market sentiment at that time was almost identical to now, with only new things and BTC rising, while other coins were criticized as worthless. Everyone was despairing and feeling low.

I remember back then, in early January, I had just recommended 10 coins that could grow 10 times, and FOR was one of them. After the recommendation, it fell for several days, and many people began to feel completely hopeless; even FOR broke its new low, and many chose to cut their losses. But afterwards, FOR rose all the way up, eventually increasing 10 times, and several months had passed since I recommended it; old fans should know this.

Looking back now, that may have been just the beginning of a bull market. The feelings that history gives me never deceive me, so I have always believed that the crazy moments of the bull market are still far from here.

My investment experience fills me with confidence for the future.

The recent drop in BTC has been significant, and altcoins have fallen even more, with ORDI from the inscription sector and some newly launched meme coins almost being cut in half.

However, after this wave of decline, if BTC drops again, these altcoins may not follow suit, as their prices are already close to the bottom range.

Bold prediction: today could be a big market for meme and altcoins!

"I am only one bull market away from becoming rich"
"I earn more than most people in a bull market and lose less than most people in a bear market"
"Survivors are kings, just staying alive is enough"

The above is the journey of my trading mindset over the past few years.

This rebound's strength depends on which coin has a strong backing:
$Hype $Usual $Cow $Sui $Move

Among them, $Hype directly reached ATH, it's too brutal, one can't help but be a bit impressed.

$Usual released a new partnership announcement, indicating a strong intention to collaborate with all stablecoins, leading to a fierce rebound in price.

$BGB, which follows a similar path, has had a slightly weaker rebound, let's see if it follows suit tonight.

However, during this major drop, some high-quality assets on the chain basically didn't drop much. Just now, bn added a bunch of quality AI contracts, it seems that more energy will need to be shifted to chain activities in the future.

Many people have lost their chips again;
A large number of voices calling for the top have begun to appear online again;

In this cycle, there may be only one type of person who can hold on to the chips:
Those who understand that the crypto market is not only rising by incremental liquidity, but also the optimal asset choice in the pool of stock funds;

Only those who understand the selection value of crypto assets in the stock funds of this cycle can understand that the purchasing power of cryptocurrencies is getting stronger and stronger in the overall US dollar liquidity comparison, and can hold on to the chips without fear of callbacks;

This is less than 1% by visual estimation;

Among this 1%, perhaps only 1% of people can understand that Memecoin will show the ability to siphon stock in crypto assets in the future;
This 1% of 1% can not only take out chips, but also get real excess returns;

I believe many people have the same question as I do: I really don't understand why ORDI keeps falling, constantly falling.

Firstly, it has such a large trading volume, and the contract volume is not small either, plus it is a major player in the BTC ecosystem. How can it keep falling?

There are so many people working hard in the entire BTC ecosystem, and so many project teams are developing. How could it possibly keep falling, to the point where its market value is even lower than PI?

This is not just a meme coin; it is also an innovative project at the level of its track. How did it end up like this? Even if it is a meme coin, after all, it is the first one on BTC. Logically speaking, it shouldn't be like this, right?

ORDI is on fire, and everyone starts speculating on SATS, claiming they want to seize the lead;

GOAT is on fire, and the East starts working on ACT, while the West has released FARTCOIN;

VIRTUAL is on fire, and immediately various AI-related projects pop up.

As a result, retail investors are worn out from chasing, and in the end, they are left with nothing but rags.

PVP games have been conspired to scale. If you want to operate simply, you can only focus on those top-tier, visionary people and projects.

Previously in the strategy, I did say that the rampant altcoin season had not yet arrived, but I didn't expect the adjustments in the altcoins to be so severe.

Most altcoins have fallen back to the point where BTC started to rise, with Pnut and ACT being among the top few in terms of decline.

I initially anticipated that there might be a slight pullback around Christmas, but thinking that the bull market had already arrived, I decided to hold my positions long-term and did nothing.

As a result, I didn't expect this pullback to be so harsh; it was downright deadly.

There is actually a logic:

Last year, the inscriptions on BTC (like ordi, sats) were the most profitable because Binance launched these projects, driving up the inscription market across various chains.

Looking back now, I still have some inscription projects on the BNB chain. This year, the hottest profit effect is in the meme coins on the SOL chain, and Binance has been actively listing meme coins on SOL recently, igniting market sentiment, especially for meme coins.

In fact, there were quite a few meme coins on the BNB chain that started to sprout during that time, and many high-quality meme coins came out then; people can take a look at the cycle.

However, later on, Binance continued to push meme coins on the BNB chain, originally intending to promote the development of the BNB chain, but the market did not respond as expected.

Therefore, the overall market for meme coins has started to decline. So where exactly is the problem?

How to Seize New Coin Opportunities: Practical Cases and Beginner Tips

Case Study: A Demonstration of Quick Doubling

You see a newly listed token on Binance, priced at $0.05. As the token starts to rise, you decide to invest $15. With increasing market enthusiasm and demand, the token's price skyrockets to $0.40. Your investment successfully achieved an 8-fold increase, from $15 to $120.

A Few Tips for Beginners:

1. Stick to Your Strategy, Control Your Emotions: Never frequently change your trading plan due to short-term fluctuations; greed can lead to losses.

2. Diversify Investments to Reduce Risks: Do not put all your money into one project; diversify your investments to avoid significant losses from one project's volatility.

3. Always Pay Attention to Market Trends: Policies, news, or the movements of large institutions can instantly change market trends; staying close to the hotspots will help you seize opportunities.

What do you think?