In the past few days, the big bitcoin has started to rest, and there has indeed been a correction, but unlike in the past, the Shanzhai has not fallen much, unlike before when the big bitcoin slightly corrected, the Shanzhai was in a terrible state. As the US stock market continues to fall, coupled with the sudden hawkish stance of the old abalone, it means that the Federal Reserve does not need to rush to cut interest rates.
Bitcoin finally stopped its rapid rise and adjusted around 89k. It once again reached the 9-digit level overnight, and the altcoin also showed signs of stopping its decline. So what is the logic behind the rise of the altcoin?
The most intuitive thing is capital. We are currently in the early stages of a rate cut cycle, which means that there will be more liquidity in the cryptocurrency market in the future. The flow of funds is also directional, from real estate to stocks, and then the excess will flow to the cryptocurrency market. After arriving in the cryptocurrency market, the first thing to do is to fill the mainstream, such as the big brother Bitcoin, the second Ethereum, and the third Solara. When they have risen almost enough, the overflow funds will go to the copycats with smaller market capitalization to pull them up.
Looking at the changes in the market value of copycats this year, we can see that there has been a clear upward trend since September, so copycats will definitely have a spring, and we are currently in the early stages of an outbreak.
In the coming period, we need to pay special attention to new things, new narratives and new concepts in the market. Meme narratives are brewing and may bring unprecedented market opportunities.
DOGE
As one of the forefathers of Meme coins, DOGE has always been known for its community support and market performance. In 2021, DOGE coin gained mainstream popularity, growing from a market value of $700 million on January 1 to a market value of $88 billion in early May, a market value increase of more than 100 times in 4 months.
At present, the market value of DOGE is about 36 billion US dollars. Of course, when talking about DOGE tokens, we have to mention the huge traffic and influence brought by Musk. He has mentioned his love for DOGE many times on Twitter. Recently, due to the victory of Trump, whom he supported, in the US election, the price of DOGE tokens rose by 140% in three months and 70% in seven days. The promotion of such an influential world-class technology influencer has a great relationship with the development of DOGE.
BABY
PEPE tokens were launched in April this year. In less than a month, the number of addresses of token holders reached 100,000. This rapid growth was absolutely unprecedented at the time. Looking at the token price alone, the increase on the 22nd reached 120,000 times. The price rose from 10 zeros before the decimal point when it was launched to 5 zeros. This not only attracted great attention from the market, but also caused a lot of excitement.
The success of PEPE is naturally a combination of multiple factors. After seeing the huge wealth effect brought by the crazy surge in Dogecoin and SHIB, people have been looking for the next MEME coin. The emergence of PEPE and its rapid growth have stimulated people's FOMO emotions, fearing that they will miss the good opportunity of a hundred-fold or thousand-fold MEME coin again. Therefore, the faster the growth in the early stage, the more people will buy it. This is a self-reinforcing process.
In addition, exchanges have also played a significant role in the development of PEPE. For example, it took only 6 days for the PEPE token to be listed on the MEXC exchange, and 22 days to be listed on Binance, the world's largest cryptocurrency exchange, which is a treatment that many other mainstream tokens do not have.
GOAT
The birth of AI Meme coin is even more creative. The fundamental reason for the rise of GOAT coin is the combination of AI and Meme coin. This combination has created a novel concept, that is, AI independently issues coins, which no one has tried in the past. This makes GOAT coin appear self-consistent and native against the backdrop of a market value of tens of millions.
Of course, it is difficult to be seen without a certain amount of traffic support. GOAT entered the public eye at the beginning thanks to the influence of a16z. Its founding partner Marc Andreessen bought Bitcoin worth $50,000 for it. This celebrity effect brought initial attention and trust to the GOAT coin. The launch of GOAT on Moonshot brought the convenience of legal currency purchase, which made its price soar and completely entered the fomo rhythm. Subsequently, the market value of GOAT continued to rise. On October 20, the total market value reached a high of $600 million. Crypto big Vs like Arthur Hayes even said that GOAT would reach a market value of $1 billion.
PNUT
In this bull market, I think the market value of PNUT can be conservatively estimated to reach 5 to 8 billion US dollars. I have reminded you many times before that after Trump is re-elected, the market will start to hype the so-called "Trump deal", which will have a very strong money-making effect. What we need to do is to adjust our thinking in time, follow the trend, and seize the opportunity.
I suggest that you focus on the MEME coin projects related to Trump and Musk. This type of coin is likely to become the next hot spot, which contains many potential opportunities of 10 times or even 100 times. Always stay sharp, once the opportunity arises, you must act decisively and don't miss this wave of dividends!
