Bitcoin's market share has dropped to 55.5%, and the altcoin season has arrived as expected! —
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 celebrating for a certain track, institutions are quietly collecting chips from other tracks to prepare for the next sector celebration.
Now even an old coin like EOS has started to rise. Is your position back to break-even?
The husband chain currency XRP has been continuously surging recently and has surpassed USDT to become the third largest cryptocurrency by market value. Besides the fact that SEC Chairman Gensler is preparing to resign, Ripple's off-chain layout may also be one of the key factors for XRP's continued surge.
After Trump's victory and Gary Gensler announced his resignation on January 20 next year, many crypto projects that had been entangled with the SEC began a wave of celebratory market trends, with Ripple (XRP), which has been in litigation for many years, performing the most prominently.
According to CMC data, the price of XRP has skyrocketed from $0.51 to $2.47 in the past month, with an astonishing increase of 380% (and another 32% increase in the last 24 hours).
In the context of a sharp increase, its market value has now reached $141.6 billion, surpassing USDT's $134.2 billion, becoming the third largest cryptocurrency by market value.
A certain crypto friend, with a background in studying abroad, entered the market early, and at his peak, it seemed his assets were in hundreds of thousands. With the bear market hitting, they are now nearly zero. Recently, he faced some uncontrollable factors that tormented him greatly. 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 cryptocurrencies…
A certain CEO in Hangzhou, due to his reckless operations, lost all his savings in two years. Fortunately, he had a backup plan and bought insurance for his wife and children. One night, he was hit while driving. In despair, he opened his phone and asked himself, if something happened today, who could he call? Who would come to him first? Then, he quietly turned off his phone… This is reality, although it is very cruel.
One must experience separations and deaths to live sufficiently awake, to truly understand how to cherish well, and only in moments of despair can one clearly see who can be relied upon and who treats them well.
If trading cryptocurrencies affects your normal life, stop immediately. The purpose of making money through trading is to achieve a better life. If trading or what you are doing impacts your normal life, I personally advise you to stop immediately. If you cannot remain calm and ignore the fluctuations, then it’s time to exit.
Someone in the group said, "Investing in cryptocurrencies is for a better life, but one should not lose the original life in the process," and I couldn't agree more. Why do I suggest everyone to invest funds that won't affect their daily life? That's exactly the purpose.
