BGB increased 20 times in a year, AAVE surged 110%!
Before Christmas, when Bitcoin was performing poorly, BGB hit a new high, making me feel that BGB is about to lead the market and bring a frenzied bull market for cryptocurrencies. It's amazing! Platform coins are skyrocketing, led by BNB, and now BGB and GT are rising like a soaring dragon.
After BGB's rise, BWB starts to soar. Those who are still on the sidelines should consider buying BWB in batches around 0.5 and below. With BGB rising 20 times in a year, it wouldn't be surprising for BWB to reach over $1.
AAVE's price continues to soar, solidifying its position as the largest lending protocol in the cryptocurrency space, with a market cap of $5.5 billion, exceeding the total of all other top ten lending protocols.
Driven by strong bullish momentum and growing market interest, this token has risen 220% this year, with a 110% increase in the past 30 days.
If the current positive momentum continues, AAVE's price may test $400, an important level that would set a new high since 2021. Supported by the golden cross pattern and EMA lines on December 23, the token only needs to rise 7.5% to reach this milestone, indicating that the upward trend may persist.
The consistency of this technical indicator indicates that bullish sentiment remains strong. If the trend remains stable, buyers may push prices higher.
Is the EU going to ban USDT?
These days, everyone is talking about the EU banning USDT, worrying that the market will crash, and spreading panic everywhere.
But I want to ask: What does the EU's ban on USDT really represent? Do you understand? If not, why do you think the market will crash?
First, we need to clarify the first thing: The EU banning USDT, the so-called ban on USDT, only targets the EU's own virtual currency exchanges, which are very small and country-based exchanges.
They are banning USDT on their EU exchanges, but it doesn't affect USDT on exchanges like Binance, OKEx, Coinbase, and others.
So it only affects that small portion of users on EU exchanges who cannot use USDT as a trading pair.
Second, there are so many stablecoins globally, not just USDT, but also USDC, BUSD, DAI, and many others.
We need to clarify that stablecoins are merely tools for buying virtual currencies. Even without USDT, there are other options available that won't affect the buying and selling of virtual currencies.
Third, why is such news emerging at this time?
Originally not bad news, but retail investors are scared and believe it to be very negative.
Why are retail investors so sensitive at this time? Because the market dropped recently, and many people were trapped.
Moreover, after a slight rise in the first half of the year, there was a significant drop, which has frightened retail investors and formed a habitual way of thinking.
Worrying is reasonable, but at the same time, we must first judge whether the news is actually negative, and then combine it with market trends.
Does this news resonate with the market? Are there signs of a major drop in the market?
What is the purpose of this news appearing at this time? Understanding the market will help you grasp the main intent.
The best way to filter the authenticity of news is to understand the market because market trends do not lie; deception is a part of strategy.
Next month marks the arrival of the altcoin season; should you adjust your holdings?
First, I have an exciting piece of news to share: next month, the altcoin season will collectively arrive, expected to trigger an explosive rally. However, you need to hold those currencies with tremendous potential and rapid rises. This is a once-in-a-lifetime opportunity worth our close attention and preparation.
Market Phase Adjustment and Operational Suggestions
At the same time, we should note that the market may undergo a phase adjustment this week, known as a 'secondary bottom test.' This is a golden opportunity formed after the recent plunge, providing investors with a chance to buy low. During the secondary bottom test, the market may stabilize above the recent lows or may slightly dip below previous lows, but these are not significant concerns. What’s important is that we remain calm and avoid blindly operating with all our funds.
To prevent missing the opportunity to average down due to market crashes, I suggest maintaining a certain level of position control. Keep the total position between 60% and 70%, leaving some funds available for averaging down. This way, even if the market experiences a short-term pullback, we will have enough funds to buy at lower levels to seize future upward opportunities.
Seize the opportunity and quietly wait for the bottom to form
After this adjustment, the market will no longer see lower lows; instead, altcoins will continuously rise to new highs. This is a rare investment opportunity that we must seize. I will closely monitor market dynamics and remind everyone in a timely manner when the bottom is formed. Please be patient, stay calm, and together we will welcome the upcoming altcoin feast.
With bull and bear markets intertwined, how can we ride the waves in the market?
Understanding bull and bear markets allows for adept maneuvering.
Understanding the difference between bull and bear markets is crucial for our operations in the market. In a bear market, we need to learn to stay calm, reduce losses, and wait for opportunities; while in a bull market, we must dare to seize opportunities and take bold actions to achieve wealth growth.
Whether we want to minimize losses in a bear market or maximize profits in a bull market, we need an in-depth understanding and accurate judgment of the market. Only in this way can we navigate the waves of the market with ease. Let's write our own legends in this market full of opportunities and challenges!
