You only need to know one thing right now: the bull market is not over!
Recent severe leverage liquidations have restored the market to a healthy state:
1. On December 6th at 6:28 AM, Bitcoin spiked to around 90,500, which caused a surge in leverage that chased high prices around 102,000.
2. On December 10th at 5:10 AM, Bitcoin spiked to around 94,000, causing a surge in altcoin leverage.
3. The market has now recovered from a state of frenzy to a healthy state, with the funding rate for long positions in Bitcoin dropping from over 100% to around 10%.
In the subsequent bull market, the work that needs to be done is to protect profits on Bitcoin and altcoins when prices stagnate but the on-chain leverage rates rise sharply (the recent wave of leverage killing Bitcoin and another wave killing altcoins are particularly obvious).
Remain bullish! The view that altcoin season is approaching remains unchanged:
In this round, we can clearly see the following public chains as the core, representing their respective ecosystems and tracks.
First: Ethereum ecosystem, mainly represented by TVL-oriented Ethereum layer one and layer two, DEFI, NFTs, etc.;
Second: SOL ecosystem, mainly represented by TVL and attention economy-oriented MEME, DEPIN, and AI, etc.;
Third: Base ecosystem, mainly represented after the MEME speculation of the SOL ecosystem, with lower GAS fees, smoother on-chain experiences, and more convenient channels for off-chain funds to enter: backed by COINBASE, making it easy to bring fiat onto the chain for MEME and facilitating abstract accounts.
Lastly, there is another ecosystem that has not yet been launched, which is TON. As mentioned earlier, it represents a channel for bringing in new traffic from outside the circle, whether in social or gaming.
In other words, the TON ecosystem is reigniting, and TON coins, as well as fields related to social and gaming, are expected to explode. However, whether it will indeed explode is currently unknown.
Three key points to profit in a bull market
1. Buy hot leaders
Every round of bull market has its own hotspots; these leading coins have both stable and high gains. Holding the leading coins with the largest market share, regardless of the current price, can still go higher: $PEPE $Doge $DOG.
2. Do not switch positions
Frequent switching of positions can lead to your money decreasing with each exchange, as most people can't keep up with the changes in the assets, and by the time you switch, it’s likely you are chasing high prices.
3. Only buy, do not sell
Selling during a bull market will only result in you selling too low. The coins in your hand will definitely become fewer, and the cash you hold will increasingly be unable to buy the original amount. Buy more when it drops, stop when it rises, and control your hands.
➜ $AI16Z
▶ Market Cap: $931 million
▶ 24-hour trading volume: $64 million
The current price of ai16z (AI16Z) is US$0.8524, with a 24-hour trading volume of US$64,339,960. This indicates a price increase of 18.08% in the past 24 hours and a 93.47% increase in the past 7 days.
ai16z is a decentralized AI trading fund based on the Solana blockchain, acting as an 'AI investment DAO'.
The core of ai16z is to leverage AI agents to gather market information on-chain and off-chain, analyze community consensus, and automatically execute token trades.
Its DAO and support for AI Agent projects show long-term potential.
➜ $XVG
▶ Market Cap: $278 million
▶ 24-hour trading volume: $260 million
The current price of Verge (XVG) is US$0.01681, with a 24-hour trading volume of US$260,492,726. This indicates a price increase of 50.71% in the past 24 hours and a 0.49% increase in the past 7 days.
The lowest ISO20022 market cap concept token on Binance only became compliant on June 5th this year.
Verge (XVG) has become an excellent digital asset. This privacy-centered cryptocurrency has attracted attention due to its unique value proposition, advanced technology, and recent developments, indicating it may be a profitable investment opportunity.
➜ $CETUS
▶ Market Cap: $266 million
▶ 24-hour trading volume: $123 million
The current price of Cetus Protocol (CETUS) is US$0.427, with a 24-hour trading volume of US$122,789,395. This indicates a price increase of 30.59% in the past 24 hours and a 6.46% increase in the past 7 days.
CETUS is the native token of Cetus Protocol, utilizing the MOVE programming language and operating on the Sui and Aptos blockchains. It is a decentralized exchange and liquidity protocol.
➜ $BB
▶ Market Cap: $199 million
▶ 24-hour trading volume: $179 million
The current price of BounceBit (BB) is US$0.4861, with a 24-hour trading volume of US$178,569,129. This indicates a price increase of 33.98% in the past 24 hours and a 9.12% increase in the past 7 days.
Full name is BounceBit, which is a BTC re-staking chain designed specifically for Bitcoin. It resolves the trust issues of underlying BTC assets through multi-party custody, creating BBTC for DeFi interactions on the Bounce mainnet.
