Bitcoin broke $100,000 for the first time this morning, reaching a high of $104,000, setting a new historical high. Its market cap surpassed $2 trillion, ranking 7th in global asset market cap, surpassing Saudi Aramco, making it the seventh largest asset by market cap globally.
Ethereum's daily trend is healthy, oscillating upwards, with good technical recovery; a breakout of this year's new high is imminent. The 4-hour chart shows a steady rise after a dip near 3520 the day before, but there are clear spikes during the rise. Daily operational advice is to focus on support levels of 3780-3730, bullish to 3970.
Let's take a look at today's surge of Bitcoin to 100,000; what dynamics are happening in altcoins!
BNB leads the way, and the BSC ecosystem welcomes opportunities!
As BNB prices soar, BSC ecosystem tokens also perform well, especially since Binance recently listed THE, further enhancing the speculative potential of the BNB chain concept.
Meanwhile, as meme coins are the main focus this round, I recommend a potential meme coin from the BSC ecosystem: $WHY.
Project highlights
$WHY is one of the earliest meme coins on the BNB chain and the only BSC meme project listed on Binance. The token mechanism includes continuous deflation and fee buyback and burn, promoting the healthy development of the project.
Project investment performance ranks among the top, with a current market cap of about 70 million, numerous holding addresses, and high community activity, laying a solid foundation for long-term development.Potential analysis
Relying on the support of the Binance ecosystem, the likelihood of launching meme coins like $WHY, which have a solid community foundation, has greatly increased. Furthermore, after a round of adjustments, the current price offers outstanding value, presenting a good opportunity for potential investment.
Focus on the BNB chain ecosystem and seize the next wave of dividends!
Dogecoin is on fire, with the 'Trump trade' and Musk's support being key!
In the past six weeks, Dogecoin (DOGE) surged over 330% and then adjusted steadily for three weeks. This surge was initially sparked by the 'Trump trade,' as investors bet on Trump's election as president. Following this, the 'Department of Government Efficiency' (DOGE) supported by Trump and Musk reignited market sentiment.
On this day, Musk and Vivek Ramaswamy will explain the 'Department of Government Efficiency' reform plan to Congress in Washington, D.C. As an initiative to simplify government spending and optimize administrative efficiency, this department has been closely tied to Dogecoin since its inception, sparking significant market speculation.
Musk effect: driving DOGE prices to new highs.
Initial boost: Musk's statement supporting Dogecoin led to a 15% price increase.
Ongoing activity: related activities have been frequent within a week, with DOGE rising another 120%.
Social heat: political donations and discussions have caused the price to rise another 10%.
The market generally believes that the establishment of the 'Department of Government Efficiency' has brought political endorsement and public attention to Dogecoin. If the event on December 5 releases further positive signals, Dogecoin prices may welcome a new round of increases.
New lending protocol - MORPHO.
Morpho is a lending protocol that combines Compound or AAVE liquidity pools with a P2P order book matching engine, improving capital efficiency and APY through peer-to-peer matching. Morpho-Compound improves the model of Compound while providing the same liquidity and liquidation parameters.
Currently, the market cap is 270 million, with a token price of 1.94. It is currently listed only on Binance futures, and spot trading needs to be purchased on other exchanges, benchmarking COMP and AAVE. Investors include well-known institutions such as A16z and Coinbase, raising 68 million.
From the daily trend, Morpho shows a pattern of high opening and low closing, gradually absorbing chips from above, indicating strong upward potential, with a long-term expectation of breaking through new highs of $5-6. Given the strong institutional support and exchange investments, the future development prospects are broad.
Operational suggestion: consider building a position when a pullback exceeds 10%.
The Moodeng Hippo coin mentioned last week failed to list on Binance but made it on Coinbase. It's very common for everyone to double their investment by ambushing hot coins in a day. The next potential listing on exchange C is the local dog coin PNUT, which recently appeared in an advertisement video released by exchange C, indicating it may very well become the next listing target. PNUT has seen a considerable pullback recently, but it has good consensus in the U.S., especially after Trump's victory, this coin is expected to rally in January.
Today's article ends here. We are currently in a bull market, with excitement brewing, and we share insights daily.