Is Bitcoin about to break through the 80,000 mark? 3 cryptocurrencies will explode 100 times in the future!
1. Pepecoin (PEPE) - $3.511 million market value
Pepecoin, a rising star in international exchanges, has become the focus of the world! As the representative of meme coins, it has achieved an astonishing increase of more than 500% in just three months, and its performance in 2024 is even more remarkable.
With the advancement of the Bitcoin halving event, Pepe's upward momentum may accelerate again, and setting a new record high is not an empty talk!
2. Dog Hat Coin (WIF) - $2.901 million market value
Looking back to December 2023, the dog hat coin was only worth $0.004. After entering 2024, it rose rapidly like a wild horse, investors' enthusiasm increased day by day, and the market was bullish.
It is predicted that the value of the dog hat coin is about to usher in explosive growth, and breaking through the $5 mark is just around the corner!
3. Frogcoin (BOME) - $738 million market value (lowest)
Speaking of Frogcoin, we have to mention its leading position in the SOL ecosystem. With the strong rise of SOL, many projects in the ecosystem have also ushered in spring, and Bome is one of the best, and is expected to become the next Ordi, leading the market to achieve greater success. What is even more exciting is that Bome's recent wash seems to be coming to an end, which means that it is about to usher in an explosive period. In the upcoming bull market, Bome is expected to achieve an amazing increase of 10 times or even 100 times! In addition, future artist auctions will use Bome as a means of payment and destroy it. This innovative application will undoubtedly add more imagination.
On December 17, the Blockchain Association (US Blockchain Association) posted on the social platform X that US President-elect Trump attended the Blockchain Association's annual party and delivered a speech. In his speech, Trump said that he highly recognized the work of the Blockchain Association, and that he (and the next government) would fight for the cause of encryption, provide continuous support for the encryption market, and promised to ensure that Bitcoin and cryptocurrency flourished in the United States and took the lead in the world. According to Dennis Porter, founder of Satoshi Act Fund, US President-elect Trump plans to establish a Strategic Bitcoin Reserve (SBR) through an executive order and plans to use the Treasury's Exchange Stabilization Fund (ESF) to purchase Bitcoin. It is reported that the ESF is a special fund managed by the US Treasury Department. It was established in 1934 to help support the US dollar exchange rate and intervene in the foreign exchange market. The ESF plays a key role in maintaining the US dollar exchange rate and supporting international financial stability. As of October 2024, the total assets of the ESF have exceeded US$200 billion. If implemented, the plan will give the United States a leading position in the global Bitcoin reserve competition.
At this point, what we need to consider is that after the pullback, when Bitcoin continues to rise and then consolidates, when funds overflow outward, which target will be likely to be the first to take over? I think this cycle should not change much. Like the previous three cycles, when the BTC price rises to a certain level, such as 110,000 or 120,000 and stabilizes sideways, funds begin to overflow to ETH. BlackRock’s current promotion is mainly on BTC and ETH. BlackRock said, “For our customers, BTC is definitely the first priority, followed by a little Eth, and very few other things. So you see, BlackRock’s view has always been very clear that BTC is the first priority, followed by ETH, and then other altcoins. This is almost beyond doubt. The main meaning of this paragraph is to promote ETFs related to Bitcoin and Ethereum rather than developing ETFs involving other altcoins.” This, combined with BlackRock’s suggestion a few days ago that investors use 1% to 2% of their funds to invest in BTC, can be seen that BlackRock’s overall context should be that it feels that the development of its own customers is not strong enough. Many customers have not yet allocated to the level of 1% or 2%. This is something BlackRock needs to focus on promoting. And BlackRock does this. From the data of BTC and ETH spot ETFs we publish every day, we can see that BlackRock’s investment in BTC and ETH is over 100 million US dollars almost every day, and the investment in ETH is almost half of BTC. This is enough to show that BlackRock is strongly recommending BTC and ETH to users without considering other altcoins. This is the same as Grayscale in the previous cycles. Grayscale has been buying, ...
There is a bargain hunting opportunity in the crypto market! These 3 altcoins are expected to rebound 50 times in the next quarter!
Polka Dot Polkadot’s recent price action indicates growth potential. Despite a slight drop of about 6% last week, the coin has gained nearly 46% over the past month. The price is currently hovering around the 10-day EMA and the RSI is close to oversold levels, suggesting possible buying pressure. If Polkadot clears the nearest resistance just below $10, it could target the next resistance around $12, which would represent significant upside. These indicators are in line with the expected altcoin season and bullish market trend.
NORTH Shiba Inu (SHIB) is showing signs of a potential breakout. The coin is trading close to the $0.00002006 support and the RSI below 30 suggests that it is oversold. This could be an opportunity for a bounce.
I learned the following lessons: Don't be too obsessed with the bull market: Although the market may still rise, don't rely too much on the sustainability of the bull market. Especially when the liquidity of large funds is insufficient, it is particularly important to maintain a flexible strategy. Market trends change rapidly: When the market momentum weakens, it is particularly important to adjust the strategy in time. We need to pay attention to the long and short factors of the market, and not just rely on past experience to make decisions. Overcome the fluke mentality: When facing market adjustments, we must analyze rationally and don't have a fluke mentality because of past rising experiences. Every pullback may be the beginning of a deeper decline.
Dogecoin Price Trend: DOGE RSI Soars to 90% Again, Where Does It Go From Here?
Since the first week of December, the price of Dogecoin has experienced correction and consolidation, with the previous peak close to $0.48. The price has continued to fall in the past 24 hours and 7 days, and the relative strength index (RSI) has also declined. Analyst Master Kenobi pointed out that the current RSI has reached 43, which is similar to the bull market in 2021, when it reached 90 and the price subsequently fell sharply. Although the current price correction is small, showing a certain stability, future trends still need to be paid attention to, especially the key date of January 2. Dogecoin price has been in correction and consolidation since the first week of December, following a multi-week crazy rally that peaked just below the $0.48 price level. The recent price action over the past 24 hours and 7 days has been filled with declines, and the RSI indicator has fallen accordingly.
Powell's words caused the Nasdaq to crash 3.61%, close to the biggest drop in recent years. And Powell's hawkish remarks were not limited to this. He also specifically criticized the cryptocurrency circle, saying that the Federal Reserve cannot hold Bitcoin, causing Bitcoin to fall by 5%. It was really bad.
This is a hard crash. No one can predict what he will say. It is really a sudden disaster. Not only retail investors, but also Wall Street can only stand at attention and take the beating. The main reason for this plunge is that Powell said that there will not be too many interest rate cuts next year, and there may only be two interest rate cuts, which has caused all kinds of assets to fall.
Regarding the trend of the altcoin market, although many altcoins have already fallen to the bottom, there is still hope for the future. Looking back at 2021, altcoins experienced a strong rebound, while this year's performance has shown a characteristic of 'taking three steps forward and two steps back.' Therefore, investors should remain vigilant and avoid emotional trading. For risk management, I have always advocated investing with a reasonable position to avoid excessive leverage. My operational advice is to select a few cryptocurrencies each week for short-term trading, aiming to capture around 10% returns, exiting positions or holding USDT as appropriate. In the midst of market fluctuations, the mindset for spot trading and contract trading is completely different; spot trading is more suited for layered orders, while contracts should avoid excessive leverage. Although there will be pullbacks in a bull market, as long as we can hold on, we can seize the opportunity for a rebound when the market warms up. The current situation does not mean the bull market has ended; the market is still full of opportunities. As long as we keep the rhythm, investors can respond to market fluctuations by buying small on dips and buying large on big drops.
What do industry insiders think about Black Thursday?
Cryptocurrency analyst Skew says that BTC's decline has 'liquidated' positions in both directions, with long positions getting stopped out and shorts taking profits. Placeholder partner Chris Burniske advises not to regret not selling after the FOMC meeting, as predicting market reactions is not easy. Slow down, don't overtrade, be patient, and everything will be fine in the long term. Andre Dragosch, Head of Research at Bitwise Europe, points out that the biggest problem for the Federal Reserve now is that despite interest rate cuts, the financial environment is still tightening. Rising long-term bond yields, mortgage rates, and a strengthening dollar are all unfavorable for Bitcoin. The greatest risks BTC faces are tightening liquidity and a strong dollar. However, on-chain factors for BTC are still decent, with exchange balances decreasing, supporting the hypothesis of an increasing supply gap for BTC.
Remember, every decline is actually for a bigger rise in the future! Choosing the right currency is the key to success!
The most common misunderstanding is: I once suggested that everyone invest in different positions and buy the same amount of each currency to ensure risk diversification, but most people are used to concentrating their funds on certain currencies, thinking that heavy positions can make more money, but this is often a fatal mistake! Investment is about positions, algorithms and strategies! If you start to be obsessed with heavy positions in one or two coins, you are not far from losing money!
Another common situation is: the short-term and long-term currencies I recommend continue to make profits, but some investors still prefer to look for other currencies to operate, resulting in losses. This situation can also be understood. After all, people who are addicted to making orders often can't help but try new currencies, but the correct strategy is: focus on the high-quality coins I recommend and make steady profits!
MicroStrategy's substantial holdings in Bitcoin have led to strong stock performance, even successfully being included in the Nasdaq-100 index and becoming a star company in this arena. However, critics argue that the ultimate judgment still requires time for verification: during a market boom, leveraged Bitcoin buying strategies may yield profits; but if the market cools, the company may be forced to sell Bitcoin at lower prices to cover debts and interest, quickly depleting corporate capital and causing significant losses for shareholders. Overall, MicroStrategy's bold investment of $17.5 billion in Bitcoin is both eye-catching and controversial. This company, which started with traditional analytics software, has now become a major leveraged player in the Bitcoin market. With the future of the cryptocurrency market still filled with uncertainties, can this strategy shake off the 'Ponzi scheme' doubts and establish a firm foothold in the global crypto investment stage? Investors, industry observers, and economists will continue to monitor closely.
Large-scale purchase of Bitcoin, questioned for its robustness
MicroStrategy, an American business intelligence company, has spent about $17.5 billion in the past two months to buy Bitcoin crazily, causing an uproar in the market. Data shows that the company has quickly raised funds through the issuance of zero-interest convertible bonds and new shares, and then converted all of them into Bitcoin, becoming one of the most active "Bitcoin whales" in the market. However, this strategy has attracted warnings from many economists and analysts. Some people bluntly call it a "Ponzi scheme", emphasizing that as long as the price of Bitcoin stagnates or falls, the entire structure will face the risk of collapse. MicroStrategy, led by its executive chairman Michael Saylor, has repeatedly increased its Bitcoin holdings, causing investors to have different views on the company's prospects. One side believes that Saylor has a long-term vision and intends to regard Bitcoin as "digital gold" to create long-term value for the company and shareholders; the other side criticizes that this practice of constantly purchasing Bitcoin through leveraged financing is inherently full of high risks and is not a sound corporate financial strategy.
Today's positive news is Japan's interest rate decision
The importance of Japan's interest rate decision is greater than that of the U.S. rate cut, because the uncertainty and unpredictability are too high. So how will Japan respond today? I think we need to see how tough Japan's stance is; if it's tough, the possibility of an interest rate hike is still very high. If the Federal Reserve makes hawkish statements that cause panic in the financial markets, and Japan raises interest rates, the market may panic even more. At the same time, a bottom is likely to emerge in the near future. This is when position management is put to the test. If Japan does not raise interest rates, then market sentiment will ease, and a bottom might have already formed today, gradually recovering afterward. Overall, the market is full of contradictions. At the current position, for some retail investors with correct holdings, the impact is minimal, and the decline is not significant; for those heavily invested in certain weak stocks, it will be very painful.
Today, Bitcoin plummeted, falling directly below the $100,000 mark. Bitcoin spot ETFs also ended their continuous inflows for more than 20 consecutive days and began to see outflows!
The daily line has already formed a top divergence. Next, there is a high probability that the 3-day line will begin to cross. The strongest in the next half month will also fluctuate sideways. It is very difficult to continue to rise sharply! The direct reason for the sharp drop in Bitcoin is that Powell said a sentence; the Federal Reserve is not allowed to own Bitcoin, and has not sought to amend the law on holding Bitcoin!
In fact, it is easy to explain his statement. The Federal Reserve is a company. The biggest task of this company is to maintain the strong position of the US dollar. If Bitcoin threatens the strong position of the US dollar, or even legislates as legal tender like El Salvador, the Federal Reserve will definitely not allow it!
Powell also frankly stated that he does not like Bitcoin, and said that the Federal Reserve does not like Bitcoin, and does not like to use Bitcoin as a strategic reserve!
Although Congress can adjust the law to allow the Federal Reserve to support it, it does not want such a modification to occur.
This statement directly hit the market, and the altcoin also fell by more than 20%!
250,000 people liquidated! A single sentence from Powell has collapsed everything! Bitcoin drops below $100,000, altcoins adjust close to 15%, is a super crash of 20,000 points still on the way?
In the early hours of today, Powell stated that the Federal Reserve has no intention of participating in any government plans to hoard large amounts of cryptocurrency. Coupled with the Fed's meeting lowering the expectations for interest rate cuts next year, the cryptocurrency market plummeted as a result. Since breaking above 90,000, there have already been three rapid drops, and today's drop counts as the fourth. It can be said that the previous three rapid drops consumed a lot of buying power, so this time after the sharp drop, there were not many buy orders seen, but rather a decline after sideways trading, which effectively buried another wave of bottom-fishing funds. Therefore, in the short term, it will be relatively difficult to return to strength. Recently, the overall market enthusiasm has been too high. If nothing unexpected happens, this time the market, using the knife handed over by Powell, should be completing the most brutal washout just before the rapid altcoin bull market.
We need to focus on strategy rather than prediction:
With the rise of the supreme leader, Bitcoin has gained recognition from the world, and next year will be a true Crypto Year. What does next year hold—compliance concepts + Trump’s new policies + legal victories + market sentiment + expansion of technological applications + large capital involvement;
What we need to do is to hold onto valuable coins, bravely seek out valuable coins during each dip, and firmly hold onto them without being shaken off. Remember, every dip now is for a better rise in the future; selecting the right targets is paramount!
Currently, institutional investors are leading the market trend, especially the Trump family and some large institutions like BlackRock, which are very interested in DeFi and RWA projects. Following these large institutions, you can choose some coins they are investing in, such as AAVE, ONDO, ENA—these are currently performing well. This also serves as a weather vane and has certain reference significance. However, retail investors are still not suitable to follow institutional steps 100%, as the capital sizes are not comparable.
Multiple positive factors emerge in the crypto space! Bitcoin aims for $120,000, prepare to lay out 100x altcoins to seize the bull market!
Recent key factors supporting the surge in Bitcoin prices, in addition to widespread rumors that U.S. presidential candidate Donald Trump will establish a 'Federal Bitcoin Reserve', include public companies like Riot Platforms and MicroStrategy investing billions of dollars in Bitcoin. At the same time, the market is optimistic about the direction of U.S. cryptocurrency policy, further driving a substantial influx of funds into Bitcoin spot ETFs, boosting Bitcoin prices. Augustine Fan, head of research at SOFA Insights, pointed out: 'The inflow of traditional financial capital has become a key force dominating Bitcoin prices and market sentiment, which is distinctly different from previous cryptocurrency bull markets.'
At this stage, choosing the right valuable coins will welcome next year's surge!
Have you recently noticed that Bitcoin hasn't really dropped much, while altcoins are frequently taking a dive, leaving you feeling anxious? Are you a bit confused about the current market sentiment, seeing everyone criticizing altcoins and feeling a bit at a loss yourself? Looking back at the market from October 2023 to March 2024, one will find that the main theme of this wave is that Bitcoin is taking the lead, while altcoins have completely failed to keep up with the pace. Right now, market liquidity is mainly focused on Bitcoin; the altcoin bull season hasn't started yet. This means that altcoins will eventually be 'lifted,' but currently, Bitcoin is dominating, and other coins are waiting for their chance. From the current performance, it seems that the altcoin market is mainly rotational. Before the market sentiment erupts, everyone still needs to pay attention to rotation opportunities. So, if you catch the rhythm and timely adjust your positions, that’s definitely impressive. If not, then maintain your mindset, continue holding the altcoins you believe have potential, and wait patiently. If they rise, you will be the winner; if they don’t, you still need to recognize the current cycle. At this stage, we should focus more on strategy rather than overly relying on short-term predictions. When the overall direction hasn’t changed, and the coins you favor have enough correction, that’s when we can take action. But the hardest part is not execution; it’s maintaining patience, especially during market fluctuations. Don’t panic, brothers! Stay calm, seize the truly valuable coins, and every time the market corrects, bravely choose those with potential and hold on tightly, don’t get shaken off by the fluctuations. Remember, every drop is for a stronger rise in the future. Choosing the right targets is the most important thing right now!
The Federal Reserve will hold a meeting tonight, and there is a high probability that the interest rate will be cut by 25 basis points, which is good for gold, silver, US stocks and cryptocurrencies. The outflow of funds from traditional finance will also flow into the currency circle. This month, Bitcoin has reached more than 110,000, without any suspense. With Trump's rise to power, Bitcoin has been recognized by the world. Next year will be the first year of encryption in the true sense. What will happen next year? Compliance concept + Trump's new policy + legal victory + market sentiment + expansion of technology applications + large capital intervention. What we need to do is to hold the value coin well, and bravely look for the value coin every time it falls, and then hold it firmly in our hands and don't be shaken off the car. Remember that every decline now is for a better rise in the future. Choosing a good target is more important than anything else! The latest sentence summary: Hold on to the value and wait for the flowers.