When Bitcoin was at 40,000, the second coin was at 3,000; when Bitcoin was at 60,000, Ethereum was at 3,000; now Bitcoin is at 90,000, and the second coin is still at 3,000.
Fans often message me asking why I don’t talk about ETH. What is there left to say? It was strong last time because both ICO and DeFi needed a lot of ETH, so it rose from the low of about 80 in 2018 to nearly 5000 last time, but what does it have this time?
It’s hard to get an ETF, but everyone rushed to Bitcoin, and with Solana eyeing from the side, I mentioned before, if I had to choose, at least for now, I would choose SOL.
So what about the second coin?
Although we currently see no sufficient reasons for significant price increases, what can be expected in the future:
1. The big guy Chris, who bought SOL at 8 dollars and continuously supported it, started supporting Ethereum yesterday.
2. Last week, foundation member Justin's upgrade proposal received strong community support, hailed as Ethereum 3.0.
3. CZ's first offline learning event after being released was Vitalik's, supporting Desci, and several major projects on Ethereum.
I believe when everyone in the market is FOMOing in one direction, it’s essential to look next door because, based on historical experience, sometimes the market and narrative can suddenly rotate significantly, and those with heavy positions can be caught off guard.
Currently, Ethereum's ETF has opened staking; although the yield is not high, it is still a significant temptation for large finance, and as the yield of old US bonds continues to decline, Ethereum staking will become more attractive. Another point is to wait for capital to flow back into Ethereum for its rebound, but these are all future matters; the main upward wave is likely in the mid to late stages, but for those currently holding, waiting is torturous. As for what to do now, there’s no need to be overly fixated on it; at least at this moment, there are still many better options than it.
Back to today’s BTC market analysis:
Currently, Bitcoin at 90,000 has been fluctuating for 7 days, dropping and recovering, rising and being pushed down, repeatedly battling around 90,000. Although it is still in a bullish structure, there is a clear feeling that volume and momentum are both significantly shrinking.
According to Coinglass data, in the past 24 hours, the total liquidation amount across the cryptocurrency network reached 336 million USD, with long positions liquidated at 203 million USD and short positions at 133 million USD, affecting over 110,000 people.
My suggestion is: be conservative in current participation, wait for a correction opportunity before taking aggressive action.
Now let’s talk about MEME coins:
The crypto space today is completely different from the past; no matter how strong the value coin, lacking buyer support leads to a downward trend right after launch;
In contrast, meme coins, whether they have a community or not, casually start at a market value of 500 million or 1 billion; this is a true reflection of the new market trend! Especially for those globally focused, clearly articulated leading segments, it’s not surprising to jump straight to a market value of 1 billion or even higher.
Missing the meme coin sector means missing the core of this market cycle!
Why do you always get liquidated when chasing meme coins? Because you don’t know how to read the market! Here are a few tips:
One way to find hot coins is to follow gmgn's hot list:
Choose the 1-hour trading volume to see the currently popular trading targets in real-time;
Excluding pump and dump schemes, click into it, pull up the holders, and see a lot of associated wash trading wallets; this is how trading volume is manipulated:
Look at every popular trading target, quickly assess the 'angle' and current market value, for example: when Pnut was tweeted by Musk, this 'angle' was valued at 100m, you see the market value is 10m-30m, at this time you can participate in pvp;
If you see that the market value is already 60m-80m, then don’t jump in. This step is the hardest and tests your pvp and experience in assessing 'angles.'
If the market value is not within your pvp range, wait for an 80% drop before considering jumping in;
If you want to increase sensitivity (but of course more noise), you can adjust to 5 minutes or 1 minute for the top trading volume targets. Note: Don’t be fooled by pump and dump schemes; remember to check various safety alerts and wallet associations.
As the next wave of opportunity approaches, how can we seize this chance for wealth?
Seizing the leading sector is the correct approach!
1. MEME Coin Sector: doge, shib, pepe, floki, doge, bonk
2. AI Sector: agix, wld, fet, ai, nmr
3. Public Chain Sector: eth, bnb, sol, matic, ftm, ada, avax, dot, atom
4. Layer2 Sector: op, arb, metis, imx, manta, egld, mnt
5. 2024 Halving Sector: bch, bsv, zec, zen, btg
6. Gamefi Sector: sand, mana, gala, enj, ron, pixel, ace, ilv, magic
7. Oracle Sector: trb, link, api3, trb, band
8. Payment Concept Sector: mob, ach, xlm, celo
9. Inscription Sector: ordi, sats, rats
10. Storage Sector: ar, fil, storj, blz
11. DeFi Sector: aave, comp, rdnt, crv*, mkr, avax, dydx
12. NFT Sector: blur, x2y2, looks, dego
13. Modular Sector: tia, manta, dym, alt,
14. Sports Sector: chz, santos, por, city, og
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