There has been a paradigm shift in the cryptocurrency world. The traditional altcoin/BTC and ETH/BTC exchange rates have lost their guiding significance for the copycat market, and the main players in the cryptocurrency world have changed.

Today I was chatting with someone in the domestic auction industry. He mentioned that business has been bad in the past year and is expected to be worse next year. Some customers have stopped investing their money in the business and bought BTC instead. They are satisfied even if the return is only 20%. Therefore, although this price is a historical high, there is still continuous new money buying, because for them, how cheap it was in the past is not important to them. How expensive it will be in the future is what matters to them.

The price of Bitcoin (BTC) purchased with the local currency of each country is the most accurate exchange rate for that country, rather than the officially published rate.

Based on the price of BTC and historical experience, the reasonable price for BNB should be around 800 USD, according to personal judgment.

After looking at the positions, the market value of BTC is reaching an all-time high, while the BTC ecosystem is actually at an all-time low. Does ETH need an ecosystem while BTC does not?

Dogecoin doge doubled in three days, really won't waste any bull market. One highlight of this round, can Dogecoin reach a market value of 100 billion dollars? Perhaps even the founders who developed Dogecoin back in the day never imagined that 🐶 could develop to what it is today.

Trump’s victory in the US presidential election could have a significant impact on the cryptocurrency market. Trump has expressed a pro-crypto stance, suggesting that if his administration implements crypto-friendly policies, it could have a positive impact on the industry.
During his campaign and post-election statements, Trump advocated for the United States to become a global leader in cryptocurrency. He proposed pursuing more liberal leadership at the Securities and Exchange Commission (SEC), which could lead to a more favorable regulatory environment for cryptocurrencies, including loosening restrictions and potentially expediting the approval of crypto-related products such as exchange-traded funds (ETFs). .
Such a change could directly benefit specific cryptocurrencies, such as XRP and Solana, as their associated ETFs await approval and potentially achieve more favorable outcomes under the Trump administration. Trump’s broader economic policies, such as deregulation and tax cuts, may also create an environment that increases institutional investment in cryptocurrencies, potentially driving their value higher.
However, it is worth noting that Trump was less friendly towards cryptocurrencies during his last term, and his recent pro-crypto stance may be seen as a strategic move to attract voters and donors from the cryptocurrency community. Therefore, while the outlook for cryptocurrencies looks positive under Trump’s presidency, investors are advised to remain cautious and pay close attention to how his policies unfold.

Due to the halving every 4 years, Bitcoin's price has historically shown strong cyclical patterns. Each new high is generally several times the previous high. However, due to the increase in market capitalization, this multiple effect has been decreasing year by year. The peak of the bull market in 2021 was just over 3 times the peak of the bull market in 2017. Historically, it is expected that 2025 will be the peak of this cycle, with a rational estimate being between 2 to 3 times the previous peak, leading to a price range of approximately $140,000 to $210,000. Of course, we cannot rule out a FOMO surge past $210,000. If you have chips in hand and do not urgently need the money, there is no rush to reduce or liquidate your position this year; it might be better to wait until next year to make a decision.

BTC is for holding, ETH is for spending. Understanding this allows you to understand the exchange rate between the two. The Ethereum network is useful, but ETH itself is not a worthy asset to hold. In the future, the assets running on the Ethereum network will far exceed ETH itself. For example, if I need to transfer 500 USDC to a friend, I only need a little gas, so it's enough to buy a small amount when needed. There's no reason to hold it. In the future, when smart wallets emerge, they will directly deduct U as gas fees, eliminating the need to buy ETH, making holding it even less necessary.

There has always been a magical existence in the crypto world, it is a public chain, without DeFi, without GameFi, without an ecosystem, and it cannot issue tokens. Currently, the only users seem to be trading on major centralized exchanges, with a daily trading volume that is not low. Moreover, its market capitalization has consistently ranked in the top ten since 2017, never dropping below that. It is XRP. Can anyone tell me why? How should we understand this token?

How bad are altcoins this year? At the beginning of the year, the Layer 2 network asset nostr issued by BTC, the Bitcoin Layer 2 network, was a hot topic with new narratives and concepts, reaching a peak of 10,000 USD. Now it is only 250 USD, a drop of 95% in less than a year. Diamond hands, hands that lose money. Will it be able to rise again in the future?

The entire cryptocurrency community is actually waiting for the results of the US election. My judgment is that regardless of the election outcome, BTC is a certain opportunity. However, if Trump becomes president, it will be beneficial for VC-type altcoins, as there may be a legal definition given from a legal perspective. Altcoins will do well, and BNB will do even better!

Meme accounts for almost one-tenth of the cryptocurrency market. Eleven of the top 100 tokens are meme projects, which was unthinkable in the past. The market capitalization is ranked from high to low: doge shiba pepe wif bonk popcat floki brett NEIRO not and mog. Old investors are saying they don’t understand. Who is buying? Who is taking over?

FTT has sounded the clarion call for altcoins. Every time the altcoin market starts, there will be a unique way of exiting, and each time it is different. If you don't find the right way, you will get good returns. In the past, there was an old saying in the altcoin market that new coins are more popular than old ones, because old coins are heavy and new coins are lighter and more suitable for pulling the market. Now, on the contrary, which new coin is not overvalued? A bunch of BVs are holding cheap chips and preparing to cash out. In comparison, the old coins that have undergone sufficient market fluctuations seem lighter.
A few favorite old coins: DCR, CHR, XVS

cz gm, the king is back
The bull is coming

One of the highlights of this round is that BNB and ETH compete for the second place in market value. From the perspective of the traditional currency circle, this is almost impossible and a fantasy, because ETH has a longer history and pioneered smart contracts. But if you stand on the moon and look at the earth, apart from history, who has more users? Is it Binance or ETH public chain? Who has more assets, Binance or ETH public chain? Whose economic model is more reasonable? It is really difficult to tell the difference.

For the elderly, they may first come into contact with ETH and then Binance Exchange; for those who have entered the currency circle in recent years, they may first come into contact with Binance and then the ETH public chain. For example, many new friends around me have not used the ETH public chain yet.

When you are unsure about what copycat to buy, just do some bnb, the copycat leader. It started with copycat trading and is not soft on distributing chips to holders. This year, launchpool has a new feature, either there is no, or two at a time.

This round of copycats has not been able to gain momentum. In addition to the lack of new narratives, there should be another reason, which is that there are fewer retail investors. The main force of the bull market in 2017 was retail investors in China and South Korea. The bull market in 2021 is mainly retail investors in the United States (the epidemic received subsidies from the US government). By 2024, the state of retail investors in the United States is a large-scale credit card expectation; retail investors in China cannot deposit funds, and no new retail investors enter the market. The strength of BTC depends on the behavior of institutions after the approval of ETFs.