Exclusive news! This coin is about to undergo a qualitative change, and will surge 50% in two weeks. Hurry up and ambush with me!
As history has shown, the average increase of Bitcoin in November is as high as 40%. Now, what about December? How did Bitcoin perform in December?
What are the money-making opportunities of Pepe, Uni, Doge and AAVE? Let’s follow Shuqin to see~
First of all, the most important thing is the future trend of Bitcoin. You should know that the rule of rising prices in October and November has been fulfilled, and the rule of no rise in the summer off-season is also in line with the law. It can be said that the rise and fall of Bitcoin are traceable and follow the consensus. Now it is almost December, how will Bitcoin go? Let's take a look at the picture.
According to past data, the average increase of Bitcoin in December was 5.5%, and the median increase was negative 3.6%. Some viewers may ask, is there no fluctuation in Bitcoin in December?
Well, on the contrary, December has always been the most polarized month for Bitcoin, with either extreme increases or decreases. It is the month with the largest increase in the bull market, and also the second largest decrease in the bear market, so we have to look at them separately.
This year is the half-yearly halving of Bitcoin, so the performance in December of the previous two Bitcoin halvings will be more in line with the current situation. When the 20-year halving occurred, Bitcoin rose by 46.9% in December, and when the 16-year production halved, Bitcoin rose by 30.8% in December, both of which set the largest increase in Bitcoin in the past 12 months.
Therefore, Shuqin is definitely looking forward to December for Bitcoin. I think there is a good chance that it will rise to 120,000 by the end of this year.
As for Ethereum, its performance in December is generally average. It will really take off from January to May next year, with a monthly increase of either 20% or 30%. At that time, Bitcoin will be sideways at a high level, and Ethereum will become the new king, leading a group of altcoins to soar. It will not be crazy for a week like before, but for several months, commonly known as the altcoin season, and it will be like this in every cycle, so just keep an eye on it.
There are indeed a lot of good news worth looking forward to at the beginning of next year, because the repayment time for FTX's 16 billion US dollars has been determined. It will take effect in early January next year, and the official repayment will be carried out in March.
With so much money flowing in, the cryptocurrency market will definitely surge before the repayment in March. At the same time, there is the Prague upgrade of Ethereum in March. It can be said that the institutions have concentrated all the benefits in March as if they had agreed. By then, Bitcoin will reach 140,000, while Ethereum is expected to rise to 8,000 or even 1WU.
I see that many whales are now preparing for the altcoin season early next year. For example, this smart money took advantage of the recent correction to withdraw nearly 3 million US dollars of PEPE and 1.5 million US dollars of Shib from Binance. It is obvious that he is very optimistic about these two coins.
The same goes for Shuqin. After all, Pepe is one of the core dogs of the Ethereum chain. Now that Ethereum has broken through, there is a high probability that Pepe will make up for the rise later. Moreover, every time Pepe rises, it will either be silent or go straight to the sky. Every time it rises by many times. Look at the big positive line in November, it is really a pillar that supports the sky. Many viewers have made a lot of money.
In addition, I am still buying Dogecoin on dips, because when Musk takes office as the Minister of Doge on January 20, Dogecoin will definitely start to strengthen before that, and then we can sell them all on January 20. I think this set of operations should be relatively clear, and Dogecoin may touch the historical high of 0.7u at that time.
In addition, as Ethereum strengthens, its major ecological coins also have great opportunities. In particular, its on-chain Dex leader Uni can be said to carry nearly half of Ethereum's transaction volume, which is very important. At present, it has not risen too much, so it is worth investing in.
In addition, Shuqin also got a little news, that is, Uni will release its own L2 mainnet, which you can find in his blog. The testnet will be launched in October, and the mainnet will be launched at the end of this year. It will be a few weeks away, so you can try it out.
For example, our OM was ambushing its mainnet launch in advance, starting from its 0.8u in September, and now it has risen to 4.5, which is really scary. However, Uni's market value is relatively large, so the increase should not be so exaggerated. Now Shuqin just hopes that it can be launched on time at the end of the year. This is written in its official blog, and I hope it will not be delayed. In addition, I think AAVE is also a coin that can be ambushed a little, which is also very good.
In addition, the Ethereum ecological currency ENS that we asked everyone to ambush in the previous issues has performed amazingly recently. For example, Shu Qin talked about it in the Wednesday program. At that time, it was only 25, but it soared to almost 40 on Friday, an increase of 50% in just one day, and then continued to rise to 45 today, doubling directly. It is no exaggeration to say that it has reached the sky in one step.
We have been calling for ETH long orders for two days, and we got on the train at the support level of 3540. Today, it has flown to 3720, which is very accurate. So this is the currency circle. As long as the operation is correct, doubling is a matter of minutes. Those who are interested can come and have a look. Benqin updates the operation points of each currency every day.
After talking about the good news, let's look at a situation that I am more worried about. The latest inflation data released by the US Department of Commerce is not optimistic. PCE has increased instead of decreased, reaching a six-month high of 2.3%. The core PCE has continued to rise, reaching 2.8%, which will greatly slow down the pace of interest rate cuts.
Even though the interest rate cut plan for December remains unchanged, there is no interest rate cut in January next year. The probability of this has reached 60%, so there may be one less interest rate cut next year. However, the interest rate cuts in March and April should be carried out normally, which is acceptable.
On the other hand, USDT, the hot money in the cryptocurrency circle that is closely related to the trend of Bitcoin, is still increasing rapidly, which is very bullish, proving that the current rise is indeed not a false fire, but real funds are entering the market. If the issuance of USDT decreases, that is what we need to worry about, because it means that someone is selling U for legal currency, such as US dollars or RMB, to cash out and leave the market, which is a dangerous signal.
So now the bull market has just started, and there will be nearly a year of rising trends to come. Everyone must seize the opportunity, because whether you can achieve financial freedom depends on this wave!
Finally, don’t forget to like and follow, so you won’t miss Benqin’s updates~
