Funds are starting to flow out! Can Bitcoin not hold on anymore? As a participant in multiple bull markets, let me talk about the most likely trend in the crypto world next!
The opportunity to leverage small investments for big returns has arrived! These three dog coins are expected to be listed on Binance spot, so take advantage of the correction to accumulate some.
So what are the significant benefits of Ray, JTO, and Solana? Let's take a look together.
First of all, what everyone is most concerned about is how this wave of Bitcoin bull market will go. As an old investor, I can share my personal experience. In the last bull market, Bitcoin also skyrocketed starting in October, rising from 10,000 in October to 20,000 in late November, doubling. Then there was a false breakout followed by a 20% crash.
This time, Bitcoin went from 49,000 to the current 100,000, also doubling. Now it has similarly reached the end of November, and 100,000 is still a very strong resistance, so I am actually very cautious here. If it can retrace a bit, coming to the 90,000 mark or the 87,000 golden ratio area before continuing to rise, I would feel more at ease. Because if it only rises and doesn't fall, many funds are reluctant to enter, and some traders are also afraid to go long, fearing to get trapped. I hope it can retrace a bit before continuing to rise, which would be a perfect deep squat and power-up process.
Let's continue talking about the last cycle. After waiting for it to correct and consolidate for two weeks, Bitcoin welcomed a larger increase in December, directly surging to 40,000. At that time, the market was completely crazy, but Bitcoin suddenly plummeted by 30%, correcting from over 40,000 down to 28,000, including a false breakdown that killed both bulls and bears. So it can be seen that the crypto bull market will not be smooth sailing.
As a participant in multiple bull and bear cycles, I still want to remind everyone that while the crypto bull market is indeed fierce, we must also be cautious of significant corrections. I actually think everyone doesn't need to rush, as the bull market can last for a year. So, do you think it's realistic for Bitcoin to reach 150,000 in just one or two months? Therefore, we should take it slowly and make friends with time. If you hold each coin for half a year, you will naturally see it multiply by 3 to 10 times.
From a larger timeline perspective, Bitcoin has 29 halvings left in its lifetime, and each halving will make it more scarce. I recommend everyone buy one coin to keep for inheritance. In a few decades, when it is passed on to the next generation, they may live a life free of worry because of this key coin, or even rise again and be wealthy enough to rival nations. This is the charm of Bitcoin.
Because there are only 21 million coins, the number of people who can afford a complete coin is decreasing. Being able to buy 0.1 is already pretty good. In the future, Bitcoin will not be sold by the piece, just like gold is not sold by the ton. Gold is sold by the gram, and Bitcoin will certainly be sold by Satoshi in the future, with one Satoshi equal to 0.00000001 Bitcoin.
So in the future, everyone will say they have 300 Satoshis of Bitcoin, rather than saying they have a few Bitcoins. This will scare others because, in reality, no one dares to say they have a few tons of gold, right? Here, I strongly urge all major exchanges that after Bitcoin breaks the 100,000 USD mark, they should change the display of Bitcoin to Satoshis or other units. It's similar to stocks splitting when the price rises too high. The unit of one Bitcoin is simply too large; showing it as 0.1 would motivate people to buy more.
Now that we've talked about Bitcoin, let's take a look at some decent small coins.
Now, Sol's performance among all chains is truly unique. Whether it's on-chain TVL or trading volume, there has been a significant increase. The current correction actually presents a good entry opportunity. The demand for its key on-chain ecosystems Ray and JTO is also very high.
Ray, whose full name is Raydium, is the largest DeFi on the Sol chain, with over half of the trading volume on the chain completed on Ray, making it very important.
If you look at the data, its weekly trading volume is actually similar to Uni, and its TVL is also half of Uni's. But if you look at the market capitalization, Uni's market cap is over 10 billion, while Ray is only around 3 billion, so Ray actually has some extra room for growth, and you can accumulate some on dips.
In addition, another potential one on the Sol chain is JTO. This project is doing liquid staking on the Solana chain, with an annualized yield of 11%, and its TVL is as high as 3.5 billion USD, so JTO is an important cornerstone of Solana in terms of both data and application.
Now JTO has released a distribution proposal, aiming to distribute part of the protocol income to Sol stakers. The current monthly revenue of the protocol is 194 million USD, with a fee rate of 2.7%. Among them, 0.15% of the revenue, equivalent to 5% of the protocol income, will be distributed to users, which is quite a good positive news.
Currently, this is just a proposal and has not been officially approved, so we can accumulate some JTO on dips, especially if BTC drops to around 87,500. This is the opportunity for all coins. Then, after JTO officially passes this proposal, it should surge, and you can sell the news and clear out.
In addition to Ray and JTO, the leading dog coin WIF on the Solana chain is also worth accumulating. This coin has its ups and downs; it usually doesn't explode but can increase by one or two times in an explosion. So taking advantage of this wave of corrections to accumulate some spot is a good idea; it will eventually rise again; it's just a matter of time.
I bought WIF at an average price of 2.3u and held it for a long time. Finally, a big explosion came, and we all ran at 4.633. Currently, I plan to place orders from 3u to 2.5u on dips.
I brought everyone into Doge in October because Musk supported Trump, and at that time it was only 0.1. We sold at 0.41 on November 20th, the day of the Starship launch. Although it rose again later, and I didn't sell at the highest point, I am still very satisfied with a fourfold increase.
We are now waiting for Doge to have a deep correction before getting in because I think Dogecoin will take off again when Musk officially takes office as Doge's minister on January 20th. It may start to rise as early as the beginning of January. Besides that, we have many other hot coins to layout and real-time contract operations. Interested friends can come and take a look.
Additionally, many friends are asking me which coins are likely to make them rich overnight now that various coins have fallen so much. I have actually observed a few, and these three coins have a very good chance of being listed on Binance spot.
According to the latest data from the prediction market P battle, PopCat, Moodeng, and Goat are the three coins most likely to be listed on Binance spot by the end of this year, with support rates of 24%, 13%, and 14%, respectively.
The basic logic behind netizens nominating these three coins is that they have already been listed on Binance contracts and have received initial recognition from Binance. Therefore, the probability of Binance listing their spot later is relatively high. Whether they will eventually be listed is uncertain; Binance strictly prohibits insider information, and we are only analyzing rationally. It's possible none of them will be listed, so don’t invest too heavily. However, even if they are not listed, we can treat them as ordinary meme coins and accumulate some, which wouldn’t be a loss.
Recently, I have seen some whales start to take profits at the 100,000 mark. Major exchanges have seen a certain net inflow within 24 hours, which means that the coins entering the exchanges are more than the coins exiting. Therefore, Bitcoin flowing from cold wallets to exchanges definitely indicates a selling intention.
However, this net inflow is not large and can only cause some short-term fluctuations. After all, this month, the overall situation across major exchanges in the crypto world is still experiencing a significant net outflow. The buying demand is still strong. I think Bitcoin will consolidate until mid-December and can continue to rise. After all, the market has high hopes that on January 20th, Trump will announce Bitcoin as a national strategic reserve. By then, Bitcoin may reach 120,000 or even 140,000 USD. Let's wait and see!
