Since last week, the market has entered a stage of taking turns to pull the market. Looking back at the market last week, you will find that every afternoon, the big cake starts to take off, and the mainstream assets also take off. In the morning of Asian time, the mainstream assets will have a short sideways trend. This is the time when the altcoins start to perform. This shows that the main force of the current market comes from the over-the-counter market. External funds pull BTC, and then transmit it downward to the mainstream-altcoin-dog in turn. The same thing happened last weekend. The market basically did not move for two days over the weekend, and the trading volume also decreased. This is because institutional investors and Bitcoin ETFs are taking a break, but the main force of the altcoin market is retail investors. This weekend, the meme section continued to take off. Pepe Floki has accumulated a nearly 4-fold increase in the past seven days, and wif bonk has also broken through new highs one after another. Shib Doge has also doubled in the past few days, and the market value has directly rushed to the 10th and 12th place. The entire meme section is basically not afraid. In addition to meme, inscriptions, public chains and other tracks also have good trends over the weekend.
However, on Monday, especially this afternoon, Bitcoin started to rise again at an unrecognizable pace, breaking through the stage high of 64,000 a few days ago. Today, it has shown a trend of rushing to 68,000 or even the previous high of 69,000. From this point of view, the rhythm of rotating pull-up that I mentioned above is still continuing, with Bitcoin rising in the afternoon and evening, and copycat stocks soaring during the day!
Let's talk about the latest situation of ETFs. First of all, the scale of BlackRock's IBIT exceeded 10 billion US dollars last week, and surpassed the world's largest silver ETF SLV. It is currently second only to the two gold ETFs GLD and IAU, ranking third among all ETFs, while the scales of Fidelity FBTC, Wood's ARKB, and Bitwise's BITB also ranked fifth, ninth, and eleventh. The trading volume of Bitcoin ETFs exceeded 22 billion US dollars throughout last week, which also set a historical record. Grayscale CEO said at the weekend that the suppressed demand for Bitcoin ETFs brought huge capital inflows and pushed up prices. Its latest report wrote that BTC will create a new historical high later this year. According to today's trend, it has now exceeded 66,000, and it is possible that the price starting with 7 will be seen this week. In addition, there will be a SEC resolution on Fidelity Ethereum ETF tonight. Although it is likely to be postponed, if it passes, ETH will take off directly.
Market Analysis
BTC: Bitcoin continues to rise after the weekend adjustment. It cannot be stopped in March. If nothing unexpected happens, it will reach a record high this month, and then continue to rise until the first wave of adjustments after the halving. After the adjustments, Q3 and Q4 will continue to rise violently. It will be at least 100,000 US dollars by the end of the year. I predict it will be around 150,000 US dollars. Let's wait and see.
ETH: ETH was lifted by Bitcoin in the afternoon and has now broken through 3,500, but the exchange rate against Bitcoin is still falling, currently only 0.054. The previous rule was that Bitcoin could be exchanged for ETH between 0.05-0.055, but considering that Bitcoin has a trend of hitting new highs in the short term, I suggest that everyone be more cautious and wait until the exchange rate drops to 0.05. In addition, the SEC will make a decision on the ETH spot ETF applied by Fidelity tonight, so you can pay attention to this. Then there are less than 10 days until the Cancun upgrade on March 13, and it is expected that the upgrade hype market will come soon.
Views on the current AI and Crypto tracks
The convergence of cryptocurrency and AI is accelerating, with exciting new use cases emerging at the intersection of the two. Decentralized computing provides permissionless computing infrastructure for AI, which has the potential to alleviate the GPU shortage. Projects such as Akash are driving adoption by providing cost-competitive and censorship-resistant GPU rental services.
Zero-knowledge machine learning (zkML) is a key area that enables smart contracts to securely integrate AI model capabilities through cryptographic proofs that are verifiable but do not reveal data. Projects such as EZKL, Giza, and Modulus are building zkML infrastructure and tools to pave the way for applying machine learning to DeFi, gaming, identity recognition, and more.
Artificial intelligence agents will greatly improve the on-chain user experience. Agents are artificial intelligence models that can perform tasks autonomously, have the ability to manage wallets and interact with smart contracts, and open up new possibilities for complex computing and seamless cross-chain applications. Projects such as Morpheus, Fetch.ai, and Autonolas are promoting the construction of agent infrastructure.
At present, off-chain AI integration will dominate and improve development efficiency, contract security and user experience in the crypto field. Companies such as Microsoft and OpenAI have already launched related products. In the medium and long term, higher-level on-chain AI integration is expected to bring disruptive innovations, such as decentralized AI networks, enhanced DeFi applications and gaming experiences.
Projects are still working to address challenges such as user experience, privacy compliance, and cost efficiency. However, GPU supply shortages and the threat of regulatory scrutiny will drive adoption of decentralized computing. zkML faces obstacles from a lack of tools and talent, but has a bright future. Agents are currently limited to deterministic tasks, but will become the primary consumers of computing and zkML.
Although it is still in its early stages, the integration of encryption and artificial intelligence is laying the foundation for a free, open and decentralized artificial intelligence ecosystem. This means that as long as the cryptocurrencies are still active in the secondary market, there is enough expectation to follow up on the positive news of AI, which is undoubtedly a long-term positive. In other words, although most of the Old Coins are not recognized by the community, they still have the opportunity to use the AI benefits to make a comeback, such as the curve of AGIX\FET\NMR. In this year's bull market, hoarding coins to make money is a common strategy. Here are some views on major currencies and other potential projects:
Main currency:
BTC: As the leader of the digital currency market, BTC usually performs strongly in bull markets. The strategy of hoarding coins to make money includes long-term holding, as Bitcoin has historically proven its ability to resist declines.
ETH: Ethereum is a smart contract platform with extensive use and development. Its bull market performance is usually good. When considering strategies to hoard coins to make money, you can pay attention to the development of Ethereum 2.0 and the upcoming upgrade.
SOL: Sol is a Layer 1 blockchain that has performed strongly recently. Strategies for hoarding coins to make money may include paying attention to the development of its ecosystem and participating in related projects.
Other potential projects:
Ordi: Bullish to $150 in the short term, long-term target $800. For such a small-cap project, it is crucial to understand its technical foundation, use cases, and community support.
Currently there is news on the currency
RDNT - Announced V3 upgrade in Q2 of 24.
SILLY - Silly Dragon's roadmap will be released this month.
JUP - Jupiter DAO voting will start this week.
DYM - Dymension's AMM incentives will begin on March 5th.
SHRAP - Shrapnel's STX1.2 will start on March 7th.
MEME - Memeland's Stakeland v0 will be released this week.
FET - All $FET purchased by DWF Labs last September has been sold.
MATIC - Polygon Miden will launch the Builder testnet on March 24th.
PEPE - Vitalik just liked a tweet from 2017 with the word "Pepecoin" in it.
Ethereum Cancun upgrade is expected to take place on March 13
1. L2 chain currency: ARB, OP;
L2 vertical chain: IMX, DYDX
2. L2 Applications:
Arb series GMX, MAGIC, RDNT,
Op series SNX, Velodrome
3. The most dynamic new coin in the last round,
NFT trading — BLUR;
BRC20—— ORDI；
SAME —— PEPE，
Education - EDU:
New public chain——SUI apt
4. AI concept: GPT5 will be released at the end of the year, which will be a good emotional trigger point. Leading companies such as AGIX, PHB, and FET will be the focus of attention.
5. SSV - After the ETH2.0 upgrade, we can see that the pledge amount has been steadily increasing regardless of market fluctuations. If there are signs of market recovery, you can immediately start to lay out the sector, the pledge service track SSV.
ARB has released more than 2.6 billion ARB on March 16, and there are still 3.9 billion ARB to be unlocked (which means it is still to be decided whether to unlock or not)
So judging from the data, the amount unlocked this time is very large. The Cancun upgrade is imminent, and we will see whether there will be any hype during this period to deal with risks. Therefore, we can hedge risks in advance. As for whether it will be released in advance, one or two days in advance or three days in advance, it is not known. The official unlocking time is 9 pm on March 16th, world time.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
Create a high-quality circle, mainly to explain the basic industry knowledge of the currency circle, the recommendation of market potential coins and altcoins! The rotation of hot sectors, the basic method of identifying tops and bottoms, how to better grasp this bull market, and a series of other knowledge, you can find me if you are interested.
