Now is the most painful time. I see people around me making money, but I am still standing still, hesitating between changing positions at the lowest point and continuing to hold.
A friend of mine initially held a large position in BAN, but later saw PNUT on Binance and switched to Slerf. After BAN rose tenfold, he switched back to BAN. However, BAN continued to fall after rising, while Slerf soon listed on BN...
Keep your own pace, it is better to stay still than to change positions frequently!
Bitcoin no longer monopolizes the market, and funds begin to flow into mainstream altcoins.
According to Quantify Crypto data, in the past 24 hours, 185 of the top 200 currencies by market value rose, and only 15 fell. Among them, the top 100 currencies by market value rose by more than 8%, ETH broke through 3,400 USDT, an increase of 9.7%; SOL broke through 260 USDT to set a record high; Ethereum's second-layer OP and ARB both rose by more than 15%. On social media, many investors said that the "copycat season" is coming.
This article will explore the reasons for the altcoin rebound and analyze whether it can be sustained.
Stellar Lumens ($XLM) tops the list of Binance gainers today! It has seen an astonishing rise and has attracted the attention of investors around the world. Data shows that $XLM has soared 130% in the past week and 362% in two weeks, shocking investors. As of writing, the trading price of xlm has reached 0.449 USDT, a recent high, far exceeding the 26% increase in Bitcoin over the same period. This strong rise is mainly due to the development prospects of the global financial system and the relationship with important partners. In particular, the cooperation reached with global payment giant MasterCard in October has become the focus of market attention. This cooperation not only brings strong investment momentum to $XLM, but also highlights its important position in the future payment field. Analysts believe that this will open up new prospects for its application in the mainstream financial market.
Cardano (ADA) followed closely behind, regaining its bullish momentum after recent consolidation, surging again in the past 12-24 hours, breaking through 1 for the first time in more than two years. According to CoinGecko data, ADA's market value has soared to nearly $40 billion, surpassing USDC to become the eighth largest cryptocurrency. The rally began two weeks ago when IOG founder Charles Hoskinson said he would work with the Trump administration to promote more favorable crypto policies in 2025. Subsequently, ADA continued to rise, breaking through 0.72, and investors began to speculate whether it could break through 1.
Recently, ADA broke through 1, reaching a 2.5-year high of 1.15, before falling back slightly to 1.08. In the past month, ADA has risen by more than 200%, second only to Dogecoin's 230%. Analysts have begun to predict that ADA may break through 10 in the future and reach a market value of 400 billion, comparable to ETH. However, to achieve this goal, ADA needs to overcome multiple resistance levels, including the 2021 all-time highs of 3.09 and 3.5.
Next, let's look at XRP. In the past few days, Ripple's native token XRP has performed strongly, soaring more than 60% since last Saturday. Although it has fallen back below $1.6, this is the first breakthrough since May 2021. European crypto asset management company WisdomTree has launched an exchange-traded product (ETP) that tracks the performance of XRP, which has been listed on multiple exchanges. WisdomTree said that investments in altcoins such as XRP may exceed Bitcoin and Ethereum, become part of a multi-asset portfolio, and enhance the diversification of the portfolio. Dovile Silenskyte, the company's director of digital asset research, believes that the low correlation of cryptocurrencies can improve risk-adjusted returns.
The rise to over $1.6 may be related to the announcement by SEC Chairman Gary Gensler that he will leave in January 2025. Due to the SEC's four-year legal battle with Ripple, the news stimulated the rise of XRP, which surged by more than 25% in just 12 hours.
The old-fashioned altcoin has risen by dozens of points. Guys, hurry up and look for the next 10x coin!
Whether altcoins can continue to rise still needs to be verified from multiple aspects.
Historical experience shows that the market of altcoins is often driven by short-term enthusiasm, but whether it can maintain its rise depends on the long-term development of the project and the support of the market environment. Although there is a call for a "altcoin season", if there is a lack of technological breakthroughs, application landing or ecological construction, this wave of rise may be more the result of capital rotation rather than a long-term trend. Therefore, investors should remain vigilant in the face of this round of market conditions, pay attention to the flow of funds and changes in on-chain data, and be wary of the risk of callback after short-term gains, especially the capital movement of leading projects may become a market vane. Overall, the "altcoin season" is full of opportunities and risks, and it is best to respond calmly.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
#XRP与SEC新局面 #SOL创历史新高 #ETH市场新动向
