Trump's victory in the US election in early November ushered in a long-awaited bull market for the crypto market, pushing Bitcoin to break through all-time highs. With Trump's recent nomination of several crypto-friendly people to join his cabinet and the resignation of Gary Gensler, chairman of the US Securities and Exchange Commission, the crypto community has become more optimistic about the long-term development of the industry. Many cryptocurrency leaders are optimistic about the upcoming 2025. For example, Arthur Hayes predicts that Bitcoin will reach $250,000 by the end of next year.
The arrival of the bull market is also reflected in the explosion of altcoins. For quite some time, altcoins have been collectively in the doldrums, with the performance of most currencies lagging far behind Bitcoin. But recently, they have kept pace with or even exceeded Bitcoin’s gains. According to data from Quantify Crypto, as of November 26, more than 180 of the top 200 cryptocurrencies by market capitalization, excluding stablecoins, have achieved price growth in the past month, of which more than 60 have increased by at least 50%. indivual. A strong overall performance can be called a real bull market, and such a market also provides investors with opportunities to show off their skills.
This year, Bitcoin has been increasingly accepted by the mainstream market, and its properties as a global long-term value storage and inflation prevention tool have gradually been recognized. Therefore, many people, especially high-net-worth investors, have reached a consensus that Bitcoin is worth holding for a long time. According to the on-chain data analysis, crypto KOL Phyrex said that in the recent surge in Bitcoin prices, the number of Bitcoins held by high-net-worth investors (holding more than 10 Bitcoins) is still increasing sharply. In addition, if Trump fulfills his campaign promise to establish a strategic reserve of Bitcoin, the safe-haven property of Bitcoin will be further enhanced.
At the same time, high-quality altcoins are still an excellent choice for investors seeking higher returns. In addition to the recent wealth creation of new tracks such as AI Meme, many veteran projects have also performed well, such as OG DOGE in the Meme world, as well as old-fashioned currencies such as XRP and LTC, which have all outperformed Bitcoin in the past 7 days. For investors, how should they choose between the long-term advantages of Bitcoin and the short-term gains of altcoins?
Recently, the cryptocurrency exchange Huobi HTX announced that it will launch a dynamic interest rate product for pledged loans in early December, providing investors with a way to have the best of both worlds. Through Huobi HTX's pledged loans, users can borrow funds at a dynamic market interest rate while retaining Bitcoin or other long-term holdings, and continue to use them for investment, thereby improving capital efficiency and further expanding returns. In addition to USDT, the product also supports lending Bitcoin and Ethereum, enriching users' choices.
Lending services have existed in the crypto industry for a long time, and there are a large number of solutions, whether centralized or decentralized. In order to stand out from the competition, Huobi HTX has given its new product multiple advantages. First, the dynamic interest rate product for pledged loans provides a high pledge rate and does not charge any handling fees, which lowers the threshold for using the product. Users can borrow and repay at any time and operate freely according to their own needs; second, the product has no upper limit on lending, which can meet the lending needs of any high-net-worth customer; at the same time, the dynamic interest rate mechanism enables the product to maintain an industry-competitive interest rate at all times. In short, users who use Huobi HTX to pledge loans can borrow more funds at a lower cost and with greater flexibility.
In order to give back to users for their long-term support, Huobi HTX has also launched a special activity for loan quota reservation. Users who fill out and submit the reservation application form and successfully lock in the USDT current loan quota will be able to enjoy a 10% discount on the USDT current loan interest rate in December after the pledged loan current dynamic interest rate product is officially launched. At present, more than half of the total 50 million USDT quota has been reserved. Investors with loan needs need to hurry up and grab more benefits.
In fact, the advantage of Huobi HTX's pledged currency borrowing dynamic interest rate product lies not only in the product itself, but also in the Huobi HTX platform. As one of the exchanges that attaches the most importance to security in the industry, Huobi HTX ensures the safety of all user funds, including collateral, through sufficient security and transparency safeguards. At the same time, Huobi HTX provides a variety of exchange services to meet users' various investment needs. For example, the listing business, which is personally guided by Huobi HTX's global consultant Justin Sun, has sufficient experience in discovering high-quality new coins. Through the recently launched "Golden Dog Plan", Huobi HTX has launched multiple new coins with an increase of more than 500% in the past month; for example, the first "Yubibao" on the entire network provides up to 6% annualized returns for USDT assets in users' contract accounts, which improves the user experience and benefits of contract traders. In addition, Huobi HTX is very sensitive to market hotspots and often carries out theme activities for high-quality currencies. The ongoing "DOGE Carnival Month" is a typical case. If you trade during the event, you will have the opportunity to share additional rewards. Therefore, users can complete a series of operations from borrowing to investing to repayment in one stop on Huobi HTX, which not only simplifies the process but also increases profit opportunities.
At the end of 2024, Huobi HTX is continuously optimizing and innovating its products to give users a year-end gift. If this momentum continues, this bull market may become the starting point for Huobi HTX to take off further.
