Bitcoin's market share has fallen to 55.5%, and the altcoin season has come as scheduled! —
Data shows that the total market value of altcoins reached $1.4 trillion in November, with a one-sided increase of 70%.
The logic of sector rotation is: when the market is in a frenzy for a certain track, institutions are quietly collecting chips from other tracks in preparation for the next sector's celebration.
Now even a long-standing coin like EOS has started to rise, has your position returned to profit?
The old blockchain coin XRP has been soaring recently, and earlier it surpassed USDT to become the third largest cryptocurrency by market value. In addition to the factor of SEC Chairman Gensler preparing to resign, Ripple's off-chain layout may also be one of the key factors for XRP's continuous surge.
After Trump won the election and Gary Gensler announced he would resign on January 20 next year, many crypto projects that had been entangled in lawsuits with the SEC began a wave of celebration, with Ripple (XRP), which has been in litigation for years, performing the best.
According to CMC data, the price of XRP has surged from $0.51 to $2.47 in the past month, with an astonishing increase of 380% (and another increase of 32% in the past 24 hours).
In the context of a sharp increase, its market value has now reached $141.6 billion, surpassing USDT's $134.2 billion, making it the third largest cryptocurrency by market value.
A certain coin friend, with an overseas study background, entered the circle early, and at the peak seemed to have assets in the hundreds, but with the bear market, now it is nearly zero. Recently, faced with some uncontrollable factors, he was tormented quite a bit. Later, the sudden passing of his 'grandmother' made him rethink the meaning of life, the meaning of working, the meaning of making money, and the meaning of trading coins…
In Hangzhou, a certain person lost all his savings due to his own reckless operations over two years. Fortunately, he had some backup and bought insurance for his wife and children. One night, he was hit while driving and in despair, he opened his phone and asked himself, if something happened today, who could he call? Who would come over first? Then he quietly turned off his phone… this is reality, although it is very cruel.
People always have to go through life and death separations to live clearly enough, and only then do they understand how to cherish well. It is only in despair that one knows who they can rely on and who treats them well.
If trading coins affects your normal life, stop immediately. Making money from trading coins is intended for a better life. If trading coins or what you are doing affects your normal life, my personal suggestion is to stop immediately. If you cannot remain calm and ignore the ups and downs, then exit the market.
Someone in the group said, 'Investing in coins is for a better life, but one cannot lose one's capital and end up losing the original life.' I totally agree. Why do I suggest everyone to invest with funds that do not affect their lives? That is exactly the reason.
