Last week, the market experienced significant volatility, with Bitcoin particularly prominent as its price climbed sharply, almost touching a high of 10,000 points. ETH also rebounded sharply last week, driving the overall rise of altcoins, and the crypto market gradually shifted from Meme back to the main market. There was a slight correction over the weekend, the market has a strong ability to undertake, and bulls are very strong in the spot bull market.
BTC fluctuated widely at high levels, the market rose generally, funds pulled up old coins, Desic concept coins rose sharply, SAND soared 100% in two days, and old public chains collectively awakened
Next Wednesday’s PCE data and the Federal Reserve’s monetary policy minutes are also key points.
The macro background of the market from October 2024 to now: This round of interest rate cuts will start in September 2024. With Trump, the new US president who is friendly to cryptocurrencies, the balance sheet reduction in Q1 next year may be coming to an end, plus spot ETFs. Although there is no water release yet, it has finally moved from tightening to easing. The new four years are very worth looking forward to.
The first wave is from now to Q1 next year, and then we will see if there will be a US economic recession or other black swans. If so, it will be another 312, and then it will be a similar situation in 2020-21. I will share the details at that time.
If the US economy had not experienced a recession and a soft landing, there would have been no 312, and the music and dance would have continued.
At present, the market has entered the round of price increases of the leading companies in various copycat sectors, which can be said to be the beginning of the copycat season.
How to choose high-quality altcoins
• Narrative: For example, Doge was mentioned by Musk, which led to traffic and capital injection, which triggered market speculation and naturally led to a positive price trend.
• Project community team operation: The community team actively creates narratives or promotes the listing process. For example, after listing on Binance, it will expand to CB, Bithumb, Upbit and other platforms
• Strong market makers: Supported by strong market makers
If these conditions are met, the valuation and growth rate will be more potential, otherwise it will be limited. This rule also applies to public chains, games, DEFI and other tracks. After all, the hype of any currency is inseparable from traffic and funds.
Let’s talk about public chains: public chains are not just for public chain projects. From the last cycle to now, sol and inj have survived and reached new historical highs. But what about others?
In addition to the above mentioned points, there are also investment teams, such as sol, inj, sui, apt, omni, alt, etc. All of them are invested by JUMP. If you don’t know JUMP, you can search it. This is the world’s best foreign exchange market maker.
In terms of grasping the new narrative and new track of the market, you can pay attention to the dynamics of Binance and CB, the macro situation in the United States, mainstream media and hot spots in the US stock market, as well as the comments of celebrities in the crypto field, find and analyze corresponding narrative projects in the crypto market, and keep up with the market hype trend. The market is always right.
In the past one or two years, new tracks such as Depin, RWA, Payfi, and BTCfi have emerged. We should pay attention to whether similar projects have been favored by big funds.
What is more important is the information from the United States. The hype of DOGE and PNUT in the past month is an example. Even if it is impossible to predict, you can seize the opportunity by following up in time. After all, PNUT is not achieved overnight.
Pay attention to the main leaders in the track:
1. L1 track: SUI, FTM, SEI, NEAR
The classic track continues to make progress, and these L1 projects have technical and community advantages!
2. AI specifications: TAO, FET, ARKM, FET
Artificial intelligence is a hot topic that cannot be ignored in the future. The AI track has stories to tell, and AI is indispensable in every wave of market conditions.
3. Modular future: TIA, ALT, DYM
Projects with modularization as their core are gradually emerging, and they will become the main force in smart contracts and ecological upgrades.
4. DeFi Innovation: AAVE, PENDLE
The DeFi field is still full of opportunities, especially projects with innovative gameplay and financial applications, such as AAVE and PENDLE, which are expected to become the focus of a new round.
5. Game infrastructure: RONIN, IMX, SAGA
The infrastructure projects for blockchain games are ready to go, whether it is the ecological expansion of RONIN or the technical support of IMX.
$ZEN, $LPT, $SSV and $HBAR are all undervalued high-potential targets that show extremely high growth potential under a multi-track narrative. Investors can flexibly adjust their holding strategies according to market changes.
➜ $Was
It has been upgraded to a public chain, covering all popular tracks.
It was once marked as an observation tag by the head and then removed, suggesting the operation of the banker.
Currently, it is almost fully circulated with a market value of only US$200 million. It is an asset under Grayscale and is severely undervalued.
➜ $LPT
From the video transformation to the AI track, the market has been strong and has been washed for a long time, and is currently in the bottom area.
The AI trend will bring it explosive growth potential, and it is also a Grayscale series asset that is seriously undervalued.
➜ $SSV
The only promising target in the Ethereum ecosystem and the leader in the staking space, with a total circulation market value of only US$200 million.
If there is a new trend in the Ethereum ecosystem, $SSV will become one of the most promising targets.
➜ $HBAR
Despite its large market capitalization, it has applied for an ETF and its founder’s background is associated with the Trump team.
Collaboration with market maker targets such as $ADA and $XRP is still seriously underestimated.
