The cryptocurrency market is experiencing a correction, but there are many long-term factors supporting a sustainable growth trend in the future. Here are the key factors shaping this trend:

1. Important events driving the market

a. The US president taking office and cryptocurrency policy

• The new US president will take office in January 2025, and the administration may promote innovative financial policies. Some presidential candidates (e.g., Robert F. Kennedy Jr. or Ron DeSantis) have publicly supported Bitcoin and blockchain.

• The implementation of these policies could help promote legitimacy and attract institutional investors to participate more strongly.

b. Bitcoin recognized as a reserve asset in the US

• If the US Congress passes a law recognizing Bitcoin as a national reserve asset, capital flows from institutional investment funds (pension funds, endowments) will pour into Bitcoin.

• This could also lead other countries (e.g. El Salvador, Argentina) to increase their Bitcoin reserves.

c. Bitcoin Spot ETF

• The approval of Bitcoin Spot ETF from major organizations like BlackRock and Fidelity will be a significant milestone. ETFs not only provide liquidity but also help investors easily access Bitcoin through traditional markets.

d. Legalizing blockchain in traditional finance

• Many central banks (FED, ECB, BoJ) are accelerating the issuance of digital currencies (CBDC). Integrating blockchain into traditional finance will increase the applicability and trust in this industry.

2. Sectors attracting capital flows

a. DeFi (Decentralized Finance)

• Capital flows will continue to pour into DeFi platforms, which provide alternative financial products such as borrowing, lending, staking, and yield farming.

• Reason: Transparency, efficiency, and superior profitability.

b. AI and Blockchain

• The integration of AI and blockchain promises to open new opportunities in data optimization and transaction automation. Platforms like Fetch.AI, Ocean Protocol are leading this trend.

c. Gaming and Metaverse

• The demand for digital asset ownership (NFTs, virtual land) and blockchain games will continue to grow, especially as major brands enter the Metaverse (Meta, Microsoft).

d. Layer 2 and Scaling Solutions

• Layer 2 projects like Arbitrum, Optimism, zkSync will address the scaling issue of the Ethereum network, thereby increasing transaction speed and reducing costs.

e. Green Crypto (environmentally friendly cryptocurrency)

• With the increasing awareness of environmental protection, friendly crypto projects like Cardano, Algorand, and other PoS blockchains will have significant opportunities.

3. Some potential coins

a. Bitcoin (BTC)

• As a reserve asset and medium of storing value. If the Bitcoin ETF is approved, the price could exceed $100,000 in the long term.

b. Ethereum (ETH)

• It is the largest smart contract platform. Upgrades like Ethereum 2.0 and the strong development of Layer 2 keep ETH in a leading position.

c. Polygon (MATIC)

• One of the most popular Layer 2 solutions, supporting the scaling of Ethereum and has strategic partnerships with many large companies.

d. Chainlink (LINK)

• Playing an important role in providing real data for smart contracts, LINK will continue to increase in value along with the expansion of DeFi.

e. Render Token (RNDR)

• Bridging AI, Metaverse, and GPU rendering. This project attracts capital from both pioneering technology fields.

f. Gala Games (GALA)

• Leading in the blockchain gaming sector, this project could greatly benefit from the boom of the Metaverse and play-to-earn games.

4. Conclusion and strategy

The long-term uptrend for the cryptocurrency market is supported by many political, technological, and financial factors. Investors should:

1. Reasonable capital allocation: Prioritize BTC, ETH as core assets, while adding potential altcoins.

2. Closely monitor legal events: Bitcoin Spot ETF, US cryptocurrency policy, and that of other countries.

3. Capitalize on opportunities from new sectors: Invest in AI + Blockchain, Layer 2, and Green Crypto to catch capital flows.

Always have a risk management plan to protect your portfolio during unexpected market corrections.