Rumor has it that Twitter will introduce Dogecoin payments? Will it reach 5 dollars this year?
The cryptocurrency market is launching a full-scale counterattack! This coin will have major positive news!
Now, what coins in the market can be operated for profit? Let's take a look with Shu Qin.
First is the upcoming positive news for several coins. The first is Uni's two epic updates, which is absolutely groundbreaking. The first update is the announcement made early yesterday morning that it will soon launch UniSwap V4, which is a super significant version iteration.
Because if you experienced the last bull market, you should know how amazing it is. The last time they released version 3 was announced at the beginning of 2021, and it officially launched on May 5 of that year. Its price rose from the beginning of the year to May 5, reaching a historical high of 44 dollars.
This time, Uni has come out with a major version iteration after 4 years, truly bringing back memories of 2021 for Shu Qin. This upgrade will enhance Uni's performance and reduce costs from multiple dimensions, which is very nice.
In addition, Uni will launch its own L2 scaling network in the first quarter of this year, with a block time of only 1 second, and its exchange fees will be reduced by 20 times compared to the Ethereum mainnet while also supporting cross-chain transactions for dozens of EVM chains. It's simply incredible.
Additionally, as Uni is part of the Ethereum ecosystem, it will benefit from the Prague upgrade, so I think this coin can be accumulated on dips. Getting it before the V4 version goes live should be its relative high point.
Moreover, Musk is about to take big actions again. His Twitter CEO Linda stated that the X payment, which has been brewing for a year, will go live this year, sparking great speculation in the community about whether Dogecoin will be one of the payment currencies. I think the probability is very high.
Musk has previously stated multiple times that he wants to turn Twitter into a universal app, especially its payment feature, somewhat similar to WeChat Pay. Now its CEO has finally officially announced it. And Dogecoin has been commonly used for tips, so will Musk create a red envelope feature for tipping creators? And will Dogecoin be one of the supported currencies?
I think it’s quite possible because everyone knows old Musk does as he pleases. A few days ago, he even changed his profile picture to Pepe. The efficiency department of the government he is about to lead is also named after Doge. Plus, he previously changed the entire Twitter logo to resemble Dogecoin, so this payment feature is very likely to include Dogecoin as one of the currencies. Doge might just surge by 50% or even more because of this. Of course, the main currencies for this feature will definitely be the US dollar and the euro, having Doge as an option is enough.
You see, Musk's other company, Tesla, still supports using Dogecoin to purchase some products. Plus, now that he has connected with Trump, I really feel like no one can control him in America. So, it's not surprising that he supports Dogecoin tips on Twitter.
Moreover, I think Musk is not stopping there because everyone knows the payment giant Paypal he founded. Paypal has issued its own stablecoin PYUSD, and I think Musk might also issue a stablecoin this time to seize the payment track.
However, the specific launch date for X payment has not been confirmed, but Musk taking over the cabinet is indeed a solid positive. Doge had strong upward expectations before Musk took office on January 20, with a minimum target of 0.48, and if Bitcoin performs well, adjusting to the 2021 peak of 0.7 is also possible. Currently, we have quite a bit of floating profit in Doge, and I've been calling this positive news for several weeks. Congratulations to those who have stuck with me until now!
Of course, the price expectation for Doge is just one aspect; the event date is even more important. I will hold until January 20 to take profits. At that time, no matter what the price is, I will sell, because in the weeks after that, it is very likely that the positive news will run out and lead to a pullback. We will high sell and low buy, making a wave.
From a long-term perspective, Bitcoin's profit is just entering the blue zone, and the good show is just beginning. From November until now, it has only been bullish for two months, and typically there will be another half a year of main rising wave. When it's time to escape the peak, Shu Qin will call for everyone to run together.
From a short-term perspective, Bitcoin, as we analyzed in previous episodes, first had the whales push down the long positions at 91,500, and then flipped to push up the short positions. At that time, Bitcoin was at 93,000, and I said the shorts would be liquidated in a chain reaction, pushing it up to 97,400 or even 100,000. At that time, no one believed it, but now you look at it, Bitcoin really did spike up from 91,500.
So, the rise and fall of coin prices are not random; they have intrinsic logic. This requires you to analyze the data within the exchange, which is really like using hacks. In the community, we also had everyone go long at several key points, including 96,200, and the results were immediate.
From the K line perspective, Bitcoin is already successfully approaching the 100,000 W-shaped neckline position we analyzed in yesterday's program. There is some resistance here, so we can operate a bit conservatively with our contracts and wait for it to confirm a breakout above the 100,000 neckline before adding positions, which is a more prudent choice.
Additionally, in our last episode, we mentioned that NVIDIA's conference on the 6th will benefit Fet and Render. Just look at how those two coins have risen. I will fully cash out when the benefits from NVIDIA's CES conference arrive on the 6th. There are many real-time operations that I continuously update, and quite a few coins have opportunities. Interested friends can come and take a look. Also, recently, the cryptocurrency market is not without its negatives, as this time the unemployment data was far below expectations. The previous market forecast was 221,000, but the actual number of new claims for unemployment benefits was only 211,000, which indicates a hot job market and is not conducive to lowering inflation, thus causing U.S. stocks to flash crash this morning.
However, Shu Qin still says the same thing: extremes will reverse. Due to the decrease in interest rate expectations, the dollar has appreciated again. And when the dollar is worth more, the cost of buying oil or any other commodities in other countries decreases, which in turn lowers the cost of living in America, thereby reducing inflation.
Therefore, whether it’s the current high interest rates or the strong dollar, it’s unlikely that U.S. inflation will continue to rise, so the CPI will definitely come down, and the Federal Reserve will continue to ease, so there’s no need to worry about that.
Now, although there has been a wave of shorts, it may not be over yet. The market is still predominantly bearish, which serves as fuel for the next rise. I think the whales might take a break and then go after the shorts. Everyone can pay attention to the densely packed liquidation areas around these points; these are the liquidation points for the whales. They might first liquidate the high-leverage long positions at 97,000 and then rise again to liquidate the short positions for Bitcoin at 100,000.
ETH has also risen quite a bit. If it pulls back to around 3550, we can take a short position and see how the data looks after that. Shu Qin will keep updating these operations in real-time.
Lastly, don't forget to hit follow! Let's achieve financial freedom together during this bull market, okay?
