The results of the US election on November 4 are coming soon, let's briefly discuss the impact of two possible outcomes on the cryptocurrency market.
Outcome 1: Trump is elected.
1. The new Republican Party platform will become more important: ending the US government's crackdown on cryptocurrencies, defending the rights of Bitcoin and cryptocurrency mining, self-custody, and trading freedom.
2. Trump will appoint a new SEC chairman, with three candidates who are favorable to the crypto space: Dan Gallagher (Chief Legal Officer of Robinhood, which fully embraces the crypto space), Chris Giancarlo (former CFTC chairman, nicknamed the father of crypto), and Hester Peirce (one of the current five SEC commissioners, nicknamed the mother of crypto).
3. The DOGE division will be officially established, and cutting the budget department will surely generate news, bringing Dogecoin's exposure to another level.
4. Short-term benefits of Trump-themed coins will be fully realized.
Outcome 2: Harris is elected.
1. The steps towards regulatory openness for the crypto space will not be as significant. Gary Gensler may become Treasury Secretary, and among the new SEC chairman candidates, only Chris Brummer is crypto-friendly, but being a law professor may lead him to be similar to Gary after taking office.
2. Trump may go to jail, Musk may be targeted, and companies in the crypto space that support Trump may face scrutiny, especially those that align with the knowledgeable king out of fear of SEC action, such as Kraken and Gemini. The aforementioned related concept coins may face a deep pitfall.
3. Harris's climate policy will negatively impact high-energy-consuming POW mining.
4. Overall, it should present another bottom-fishing opportunity similar to '94. After all, the Democratic Party and Harris's major backer BlackRock still want to expand Bitcoin ETFs and tokenization.
The altcoin sector follows ETH and rises simultaneously, generally showing slight increases. SATS continues to hold, rising to around 50 before cashing out. For medium-term holding, it can be seen reaching around 80. PEOPLE is still not very ideal and can be swapped out, but those who remain confident can continue to hold. After reducing holdings in CKB, continue to hold and wait for the ecological explosion. FTM remains held. FB has had recent fluctuations, as it is driven by the Binance mining pool joining, leading to a wave of increases, but it is not a clear benefit for the ecosystem; the ecosystem still needs development. New altcoins to watch include ACT, which has very good community building, a new track, and a new sector. The AIMEME series is currently not listed in the major market with a market cap of 1 billion yet; ACT is expected to become a new leader and could reach a market cap above 1B. Keep up with the good holdings as we build. Basic news: None at the moment. Primary market information: RGB++ continues to be monitored; recent popularity is not very good. The rune market has seen some recovery; those who previously bought DOG are advised to hold long-term. The on-chain MEME sector remains hot, requiring continuous attention. Today's intraday altcoins to build holdings can be seen above, and more altcoin strategies can follow the latest community news.
Dogecoin Soars Nearly 200%, Can DOGE Break Through the $1 Barrier?
After rising nearly 200% in the past 30 days, Dogecoin's trading price on Thursday was $0.38. Elon Musk's close relationship with elected President Donald Trump has propelled this meme coin up the rankings. Trump has shown a friendly relationship with the cryptocurrency market by considering appointing key figures with blockchain technology backgrounds. Investors believe that Musk's close relationship with Trump could cause Dogecoin to soar in the rankings.
The large-scale bull market drives Dogecoin to reach a peak of $0.42 on November 13, 2024. It is still far from achieving the $1 target. Thousands of investors are buying this meme coin, hoping to break through the $1 milestone. When this happens, traders will gain huge profits, including doubling or tripling their portfolios. In this article, we will focus on the tentative timeline for when Dogecoin might reach $1.
"BTC is too expensive, no problem, altcoins are cheap! First, buy some altcoins, wait for them to multiply a few times and then buy BTC, perfect loop." This sounds reasonable, indeed, the prices are low, the potential is great, starting with altcoins, and subsequently using the money earned to participate in BTC, smoothly achieving financial freedom.
The actual script:
Bought the new coin ACT, accidentally got stuck at a high point; bought the old coin RIO, it’s been stuck in a sideways trend, with hardly any movement; when seeing the hot coins SUI and OM, you want to chase but are afraid of the high points, hesitating to take action… In the end, the account balance becomes heartbreaking, silently thinking to yourself: "It has to turn around eventually?"
Then, you start looking for a teacher, thinking about changing your fate through him, starting with 80,000 in funds, elegantly carrying the position to 97,000; in the end, still unwilling to accept it, you dive into the primary market again, gambling once more, as if every loss is a restart of life's cycle.
Bitcoin spot ETFs have become the most convenient channel for U.S. stock investors. Data shows that the BTC spot ETF has seen a continuous influx of large amounts of capital, with the total inflow of the top ten ETFs consistently increasing over the past 7 days. The current Bitcoin spot ETF holds over 1 million Bitcoins.
In addition to ETFs, several institutions are continuously buying. 'Bitcoin whale' MicroStrategy raised approximately $2 billion between October 31 and November 10 and purchased 272,000 Bitcoins. On November 16, it again acquired 51,780 Bitcoins for about $4.6 billion, and management plans to raise $42 billion between 2025 and 2027 to further increase its Bitcoin holdings.
Currently, MicroStrategy owns about 1.67% of the globally circulating Bitcoins. Additionally, other listed companies in the U.S., Hong Kong, Japan, and elsewhere have also disclosed their Bitcoin holdings in their latest financial reports, and more and more listed companies are planning to use Bitcoin as a treasury reserve asset.
Trump's crypto-friendly stance has not only impacted U.S. policy but has also driven the layout of crypto assets in countries around the world. At present, El Salvador continues to purchase 1 BTC daily, with its Bitcoin holdings reaching about 5,900 BTC. The Bhutanese government holds over 12,000 Bitcoins, accounting for 34% of its GDP. Market news suggests that oil-producing Gulf countries like Saudi Arabia, the UAE, and Qatar may be investing in Bitcoin at the sovereign level.
Regarding the spirit of resistance, here's my perspective:
1️⃣ The goals of resistance need to be significant and impactful: For example, ACT fights against the 'bullying' of external developers in the crypto space; Neiro stands against the so-called conspiracy groups; Lester challenges the suppression of new meme projects by veteran players in the crypto community.
2️⃣ You need to represent the perspective of the most ordinary people: It's best to resonate with the broader grassroots community, allowing them to connect with you.
3️⃣ Resistance is not just an emotion; it must have a story that can continue: For instance, ACT represents a barometer for the AI meme sector; Neiro is linked to animal charities; Lester focuses on the satire and mockery of old projects with new memes at its core.
Only then can we avoid the project being merely a short-term hype, where the goals are not solid enough and the represented group is not broad enough, leading to a fleeting emotion that dissipates, leaving behind a mess and making it hard to tell a lasting story.
Next time you encounter a meme project filled with a 'spirit of resistance,' try using these standards to judge: Is it suitable for a quick play, or is it worth a long-term outlook?
The big pancake reaches a new high of 100,000, but are you still holding onto a hand of counterfeit coins and feeling hopeless? Do you find the bull market very difficult, and even that the last couple of years have not been good for you? It's not your fault.
That's because the entire market is filled with VC coins + various pump and dump schemes!! They wear suits and shout 'building', but have released a large amount of junk VC coins.
The current state of the entire cryptocurrency circle is: exchanges opening casinos, promoters (project teams) writing scripts, gentlemen (VCs) providing money + pump and dump schemes. Everyone shares the profits from the spectators who are being exploited.
Are people born equal? No, people are born to be slaughtered! People are born to be harvested! This is the current state of this fucked-up world.
How to choose the next promising Memecoin to hit the BN? 1. Liquidity health, which is the ratio of liquidity to market capitalization. A higher ratio indicates better liquidity conditions and price stability; conversely, a lower ratio suggests concerning liquidity and high price volatility. 2. The per capita trading volume should not be overlooked, which is the ratio of trading volume to trading addresses. A high value indicates a concentration of large holders and a high level of control; a low value shows a predominance of retail investors and dispersed holdings. 3. The per capita number of trades is derived from the number of trades divided by the number of addresses. A higher value indicates high activity and frequent swing trading; a lower value suggests dull trading and fewer participants in swings. 4. The potential index, which is the ratio of trading volume to market capitalization. A higher value indicates that market capitalization struggles to match trading demand, leading to significant upside potential; a lower value suggests that market capitalization can meet trading demand, limiting upside potential. #BTC再创新高97k #MEME趋势风向 #BTC何时突破10万? #市场围绕90K
BTC has fallen below 98000, clearly showing a downward trend, while ETH has surpassed 3300, standing strong for the crypto market. Altcoins are finally rising; in the morning, people criticized Ethereum as worthless, and in the evening, they praised it as amazing.
ETH is about to take off, all Ethereum layer two tokens are about to soar 🛫, OP has directly broken through the dense resistance zone, neckline at 1.9, gradually positioning 2x long orders at 1.6.
Warren Buffett bought a banana for 6 million dollars, I really can't understand it. Brother Sun plays with hype, just like inviting Buffett.
Neiro follows the US stock market's correction, positioning 2x long orders at 0.00188 and 0.0018, stop loss at 0.00173.
ETH has initiated a large bullish candle on the 4-hour chart, with volume and price at 3215, 3117; position 5.5 pending orders, defending at 3100.
3 million dollars buying up GOAT, can allocate some spot under 1.
The crypto world is really easy to fool. After a 3-day drop, just one day of recovery makes everyone extremely happy. In the morning, everyone was downcast, but by evening, they were all puffed up with arrogance. Thankfully, today I kept pumping everyone up, saying that Ethereum would lead the altcoins to recover a bit. Although Bitcoin is close to $100,000, the current sentiment is far from breaking the previous high of $73,000. Many friends not only haven't made money but have also lost money. Finally, Ethereum has started to recover, and it's time for Ethereum to lead the altcoins to take off 🛫, getting everyone excited and pumped up.
In terms of market conditions, BTC is so strong that it can definitely continue to hold positions, but as mentioned earlier, once Bitcoin starts to pull back, the sharp drop in altcoins is unavoidable. Therefore, it is wise to lower expectations for altcoins and hold positions at a low cost. Now Bitcoin is approaching 100,000, yet some altcoins are performing relatively flat. This bull market is destined not to amaze us for too long. The higher Bitcoin's price, the greater the risk for altcoins. If chasing the price at this position, one must be cautious; otherwise, once the rebound loses steam, what follows may be a more painful and larger drop. Since rising from 75,000, Bitcoin has maintained a trend of one-sided upward movement, and the market has reached a point where a significant pullback is needed. Stay vigilant and manage positions wisely to move steadily through this market!
Now this market situation is probably quite difficult for many people. Those holding Bitcoin might be afraid of the roller coaster ride, worried about how to go up and down if they don't sell, and also afraid that if they sell, they won't be able to buy back in. As for those holding altcoins, it's even worse; with BTC being a solo performance, not only have they not made money, but looking at their balance they might have lost 30%-40%. So what should we do? Let's first talk about Bitcoin. As the industry leader, Bitcoin definitely won't just drop immediately after reaching a peak. Bitcoin will either rise steadily like gold as it becomes more ETF-like, with reduced circulation on exchanges, integrating into traditional finance and the real economy, pushing a steady long-term bull market; or it will form a large M-top like before. Under the logic that we don’t call a top during a bull market and don’t short a bull market, we might not sell at the highest point, but finding a right shoulder to sell at a relatively high point shouldn't be a problem. Now let's talk about altcoins. I really don't know when altcoin bull markets will start. I only know that buying in when Bitcoin is rising alone and altcoins are stagnant, like today, is definitely better than buying when sentiment was high a few days ago. A better opportunity might be when Bitcoin pulls back and altcoins don’t drop along with it, but such opportunities require enough patience and courage to seize, and of course, rewards will come after successfully entering.
Bitcoin is controlled by the Americans, harvesting the world in a different way. No one can short it; the price is determined by the Americans. With so many coins dropping, looking at the market, the only coin that can go up while everyone shorts is Bitcoin. It's really the old trick, the more it rises, the more people short it; the more it falls, the more people go long, leading to a liquidation of Bitcoin, and altcoins are also holding positions. Two months ago, we wanted to break even; now we just want to recover our capital from two months ago.
Although the current market conditions are unfavorable for altcoins, there is still hope.
If two out of the following three conditions are met, we may witness the return of the altcoin bull market:
Bitcoin breaks above $100,000: and stays above $100,000 for at least two weeks.
Ethereum staking ETF approval: this will attract off-market funds to focus on the Ethereum ecosystem and other native assets.
Crypto regulation eases, innovation returns: if the on-chain ecosystem experiences a wave of innovation similar to the 'DeFi Summer' again, or even sees a few 'killer applications', investors' risk appetite may shift towards the higher-yielding altcoin space.
The altcoin sector is following ETH's synchronous pullback, generally experiencing a slight decline. SATS should continue to be held, with a liquidation near 50 when it rises. Mid-term holding can target around 80. PEOPLE is still not very ideal and can be exchanged for something else. Those who still have confidence can continue to hold. After reducing holdings in CKB, continue to hold and wait for ecosystem breakthroughs. FTM should be maintained. FB has had recent unusual movements, as Binance mining pool joined, leading to a surge, but it is not a clear positive for the ecosystem; development in the ecosystem is still needed. New altcoins to watch include ACT, which has excellent community building, a new track, and a new sector. The AIMEME series is currently promising, and GOAT has not yet entered the major market with a market cap of 1 billion. ACT is expected to become a new leader, with potential to exceed a market cap of 1B, so keep up with the build-up. Fundamental news: None at the moment. Primary market information: Continue to pay attention to RGB++, as recent popularity is not very good. The rune market has somewhat recovered; those who previously bought DOG are advised to hold long-term. The on-chain MEME sector remains hot lately and needs ongoing attention. Today's intraday altcoin build-up can be seen above, with more strategies for altcoins available in the latest community news.
How did $10,000 turn into $2.5 billion? Shiba Inu (SHIB) takes you on the path to becoming a billionaire!
Early Shiba Inu (SHIB) investors are among the luckiest few in the cryptocurrency community. Those who held on until SHIB hit an all-time high of $0.00008616 in October 2021 made huge returns on minimal investments. During the bull market of 2021, the price of dog-themed cryptocurrencies skyrocketed by millions of percent. Early participants in the project became millionaires overnight. According to Bubblemaps data, one of the earliest Shiba Inu (SHIB) whales controls nearly 10% of the asset's supply. Despite the massive gains, the whale's wallet continues to hold its tokens. Between August and October 2020, the whale purchased SHIB worth 38 ETH, which was around $10,000 at the time.