Yesterday, Bitcoin rebounded after a sharp drop and went sideways, and in the evening, U.S. non-farm data came in below expectations, indicating a poor economy, urgently needing interest rate cuts and monetary easing to stimulate economic recovery, leading to Bitcoin's rise, which returned above $100k overnight.
After 9 months, ETH successfully stood above $4000.
Although Ethereum moves slowly, its structure is still solid. Yesterday's surge also boosted DEFI and some coins in the Ethereum ecosystem. Ethereum's short-term pressure is at $4100, and once it surpasses $4100, it will aim for historical highs.
Ethereum's breakthrough also means that the full explosion of altcoin season may be near, and the projects we are positioned in will likely experience a wave of rotational price increases. The explosion of altcoins must occur on the basis of Ethereum's rise.
The upcoming market will welcome the era of Ethereum sector. As for the coins in this sector, LDO, OP, ENS, SS, ETHFI, W, in the short term, the potential and strength are mainly in ENA, while others either still have bear market genes, or face significant selling pressure, or have poor coin properties overall!
This week feels like the cryptocurrency world has entered the second phase of this bull market: Altcoin Frenzy!
The theme of the first phase was BTC and Memes, with 80% of people in the circle not making profits, because very few new investors who entered during the last bull market held BTC; Memes mainly benefited project teams and KOLs with community CX capabilities.
The expectation for the second phase is: the combination of Trump + Musk, with several significant events that need special attention:
First, Trump takes office on January 20;
Second, Trump fires the Fed's Powell;
Third, Musk's Doge department is established and begins its work;
Fourth, the implementation of various policies on crypto by Trump, such as establishing a BTC reserve mechanism;
Besides BTC, what coins can be held long-term? Currently, it looks like Musk's Doge and Coinbase (stock), which has always supported Trump.
So what sectors can be invested in? From XRP's surge, it can be seen that it still needs to be close to practical applications, so I am most optimistic about these three sectors: RWA, Meme, and AI! The ai16 mentioned a few days ago has reached a new high today.
➜ $DOGE
Musk is about to start pushing Doge, strongly hinted.
Musk even changed the new government department's English abbreviation to (D.O.G.E), showing clear support. It has high trading volume, good liquidity, and a stable trend, with companies like Tesla starting to use DOGE for transactions. Its recognition continues to grow, giving it long-term potential. Musk's calls certainly cannot be made openly; this chart suggests that Doge is surging, aiming to send Doge to $1.
➜ $HBAR
Despite its large market capitalization, it has applied for an ETF, and the founder's background is associated with Trump's team.
Collaborating with targets like $ADA, $XRP, it is still severely undervalued.
Providing solutions for industries such as pharmaceuticals, luxury goods, and automotive through leading hashgraph technology, with partners including top companies like Google and IBM.
➜ $ENA
Decentralized finance (DeFi) projects based on Ethereum
Two important events recently announced by ENA:
One stablecoin in cooperation with BlackRock announced participation in MakerDAO's competition;
One is a deep collaboration with the largest on-chain options platform, Derivexyz, to build options and structured products on USDe, uniquely leveraging Ethena's liquidity and USDe's composability to achieve new financial primitives.
ENA has the potential to become the biggest dark horse of this market cycle.
