Brothers, good morning! It has really been tough; we waited for 8 months, and now we finally see hope! I have always told everyone that the suffering endured in altcoins will be compensated tenfold in this bull market. This bull market's manipulation by the major players is unprecedentedly harsh, but at the same time, this will also be the most explosive bull market.
Look, Bitcoin has already reached 75,000, Ethereum surged to 2,900, and SOL also reached 197, the entire market is booming. With Ethereum performing strongly, the leading meme coin NEIRO has initiated its upward mode, and the leader in the staking field, LDO, has even pulled out a big bullish line with a rise of up to 40%, and other ecological projects like ENA are also rising strongly. Once the market starts, everyone should hold onto their chips; don't get washed out.
Bitcoin currently has no pressure above, with high turnover rates and large amounts of new capital entering. Even if there is some selling pressure, it will be quickly absorbed by the market. The buying opportunity we have always anticipated has yet to appear, and currently, market FOMO (fear of missing out) sentiment is high, driving prices to surge wildly. In this situation, if you enter the market now, it would be easy to find yourself at the peak. Moreover, considering the current market situation, the force of liquidation will be very strong, unless you have been on board since the initial rise. Therefore, short-term trading is not very suitable for the current market; let's wait and see if there are any spot opportunities that haven't risen yet, and we can ambush together.
What else should we look forward to after the election?
In fact, elections are just one factor in the market cycle, and not even the most important one. Other foreseeable situations in market trends and cycle changes include:
The Bitcoin halving cycle will have an impact, and this halving cycle often coincides with election times.
FASB will officially come into effect in December 2024.
In 2025, SAB121 will inevitably be submitted again, and this time the probability of it passing will be very high.
More importantly, the Federal Reserve's monetary policy has shifted from monetary tightening to monetary easing.
These situations will occur in the fourth quarter of 2024 and the first quarter of 2025. In reality, monetary policy itself is persistent; loose monetary policy will continue to increase investors' risk appetite, which greatly helps to stimulate liquidity in the market.
The current market trend resembles the peak divergence market from July to November 2021, and it is now closer to the first wave of upward movement from July to September 2021. In terms of timing, this type of peak divergence bull market could last until the first quarter of 2025. If we analyze based on the 2021 trend, when the price reaches 75 (this likely refers to Bitcoin's price, possibly in thousands of dollars, as the original text does not clarify), there should be a relatively large correction, followed by a sprint towards 86 (also speculated to be a price, unit unclear).
I'm not bearish on the market; the current trend is fully bullish. We are about to welcome an unprecedented bull market, with Trump supporting cryptocurrencies, Musk also being pro-crypto, and with CZ (Binance founder Zhao Changpeng, speculatively) returning, this is simply a luxurious bull market; we'll meet at the peak!
Bitcoin skyrockets! Position yourself in 3 major cryptocurrencies; the upcoming altcoin season is expected to yield 100 times the profit!
SHIB
Shiba Inu (SHIB) is a typical representative of 'meme coins' in the cryptocurrency world, launched in 2020 by an anonymous developer Ryoshi. It is based on the Ethereum blockchain. It became famous mainly due to its humor, and there is a very active community supporting it. Although it started as a joke token, by 2021, through a series of marketing activities and active community promotion, Shiba Inu gradually attracted a large number of investors, occupying an undeniable position in the market.
SHIB's market capitalization has remained at a high level, demonstrating its influence in the cryptocurrency market. Although its price is quite volatile, it still attracts investors' attention due to its active community and entertaining characteristics.
BONK
BONK is a relatively new meme coin that quickly gained community attention after its release on the Solana blockchain in December 2022. As the first dog-themed token on the Solana network, BONK aims to increase the liquidity of decentralized exchanges.
As of 2024, BONK has become the third-largest meme token by market capitalization, and the market is increasingly optimistic about its prospects. BONK's potential is closely related to the healthy development of the Solana ecosystem, and it is expected that its price will have some room for growth in 2024, with the possibility of achieving greater breakthroughs in the coming years.
PEPE
Pepe (PEPE) was launched in April 2023 and quickly became a popular coin among meme coins. Its logo is inspired by Matt Furie's 'Pepe the frog' meme. Currently, the Pepe Token (PEPE) ranks 2169 on CoinGecko, with a market capitalization of $1,548,335, which is calculated based on the token price multiplied by the circulating supply. There are currently 900 million PEPE tokens available for trading in the market. This team refers to it as 'the most meme-like meme coin in existence.'
In 2023, the price of PEPE soared more than 4000 times, which is enough to prove that it has sustained supporters. Notably, an investor once spent $27 to buy 59 trillion PEPE, and after the price increase, this investment eventually turned into $1 million. The maximum supply of PEPE is slightly above 420 trillion. Will PEPE lead the meme coin market in 2024? Although the overall development this year is yet to be observed, the current trend shows that this coin is in a bullish trend.
