I don't have any quick wealth codes for getting rich, I won't trade contracts like the eternal profit gods, nor will I speculate on meme coins.
I don't even want to fully understand ETH smart contracts, but the reason I can make money is because I went all in on Bitcoin.
In the next 5 to 10 years, I will grow alongside Bitcoin. I have a very clear vision for the future; I know I will achieve huge returns (5 to 10 times), and I will have more time to think and pass the boring time in life.
If you want to get rich quickly, you'd better just buy a real lottery ticket! Don't think that your luck in gambling is investment.
If you want to achieve extremely high returns (like 20 times) in a very short time (say, under 2 years), and you're willing to take 100% capital risk, then you might as well go to Macau, play red and blue, and bet on red five times in a row.
You say you lost because you were too greedy; I think you might not be greedy enough because I'm greedier than you. I will hold on and keep winning, and Bitcoin will keep rising.
Equally important: if you are investing in BTC, hold it and keep it yourself (cold storage). Don't lend it to others and don't store it on a yield platform. The promised return rate is never worth the risk of losing custody of your BTC assets, and the risk could actually mean losing your entire principal amount.
Once again, you should be greedy for the long-term investment returns of BTC, not for the short-term gains in dreams. Don't make this mistake! In most cases, these are referred to as junk air coins, but to avoid upsetting any readers, I am referring to altcoins here.
I believe all altcoins are deceiving you out of your Bitcoin because they want to acquire more Bitcoin, rather than tricking you into using your Bitcoin to buy someone else's altcoins. #比特币走势观察 #币安全球用户突破2.5亿
Price Prediction for Shiba Inu: Can It Eliminate a Zero?
Tether (USDT), as the largest stablecoin by market capitalization, currently has a market cap of $138.76 billion.
Assuming that the market cap of Shiba Inu (SHIB) can reach a level comparable to that of USDT, then the price of SHIB will soar to $0.0002354, which represents an astonishing increase of 981% compared to the current price. This increase not only means that the price of SHIB will double, but also indicates that a zero will be eliminated from its price, which is undoubtedly an important milestone that many investors are eagerly anticipating.
An ambitious prediction is that the market cap of Shiba Inu could reach Ethereum's current level of $404 billion. If this happens, the price of SHIB might skyrocket to $0.0006861, which would imply an incredible increase of 3050%, a truly astronomical figure.
However, achieving this leap not only requires sustained market demand for support but may also necessitate a significant amount of token burning to offset its massive supply of 589 trillion tokens, thereby alleviating market circulation pressure.
Although some loyal SHIB supporters believe this vision could be realized in the distant future, most analysts maintain a conservative outlook on whether this goal can be achieved during the current bull market. They believe that given SHIB's current supply and market conditions, such growth in market cap is not realistic in the short term.
Despite the current bearish trend, Shiba Inu holders still hope that the next market cycle will unleash greater potential for SHIB. Predictions indicate that if the correct market cap is achieved, SHIB could yield significant returns, so everyone's attention is focused on the broader cryptocurrency market for clues about SHIB's trajectory.
2025 Big Reveal: Dogecoin (DOGE) Whales Bet 300 Million Coins, Is a Wealth Storm About to Sweep In?
Looking back at Dogecoin's historical performance in January, the average return rate can reach 83.9%. While many are eagerly anticipating its significant rise, the actual trend is a mix of joy and worry, and the cautious atmosphere in the market remains strong.
While everyone is immersed in the year-end celebrations of 2024, Dogecoin's core investors are quietly increasing their stakes, with astonishing amounts of coins being hoarded.
Among them, investors holding 100 million to 1 billion DOGE spent 94 million dollars in one day to purchase 300 million tokens;
Coincidentally, a week ago, a group holding 10 million to 100 million DOGE also bought 270 million DOGE. This frequent and large-scale accumulation makes the future direction of Dogecoin increasingly intriguing.
Dogecoin's performance in January holds a key position in its historical trends. Over the past decade, its average return rate in January can reach as high as 83.9%. However, in reality, Dogecoin's performance in January has not always been outstanding. In the past 11 Januarys, only five months yielded positive returns, while the other months averaged a loss of 3.86%, highlighting the complexity and uncertainty of its January market.
Elon Musk's influence intertwines with Dogecoin's trends, leading investors to speculate whether 2025 will become a highlight year for Dogecoin.
Currently, the trading price of Dogecoin is 0.3186 dollars, with a slight increase of 0.44% in the past 24 hours.
Dogecoin is expected to soar to 23 dollars, although its market value reaching a trillion dollars seems distant, as Dogecoin's current market value is only 46.9 billion dollars. However, this has sparked excitement and heated discussions in the market. #Doge🚀🚀🚀 #比特币战略储备
Yesterday, BTC continued to consolidate and moved upward, which is in line with expectations. Currently, the 4-hour and daily time frames show a significant reduction in downward momentum, and the divergence pattern is very clear. A new round of upward cycles is about to begin. The pullback support range can be considered for follow-up, maintaining confidence.
Altcoins followed BTC in a synchronized consolidation, maintaining volatility. The 4-hour and daily downward momentum also show a notable reduction. The intraday pullback support range can be followed, waiting for subsequent upward movement. Altcoins are synchronizing with mainstream coins, with slight increases. Intraday, slight follow-up can be considered, waiting for the new round of upward cycles.
The altcoin sector is synchronizing with mainstream coins, with slight increases, waiting for a new round of upward cycles. Altcoins already acquired: wld ordi fet saga, maintain holding.
Intraday Market Analysis
BTC's 1-hour and 4-hour levels have returned to healthy levels, and the daily level has returned to a healthy level. The intraday expectation remains volatile. Observing the pullback support range can be considered for follow-up. The expectation for the larger cycle has not weakened, with intraday support at 93200-93700 and resistance at 96000-97000.
ETH's 1-hour and 4-hour levels have returned to healthy levels, and the daily level has returned to a healthy level. The intraday expectation remains volatile, observing and waiting, with intraday support at 3300-3350 and resistance at 3470-3520.
Elon Musk's X post made Kekius Maximus go viral by 21,660%
Billionaire Elon Musk changed his Twitter official account to a frog profile picture and set the nickname to Kekius Maximus, posting memes that triggered a surge in KEK (KEKE) meme coins, which peaked at $0.07362. However, he later reverted to his original profile, and the related concept coins quickly fell. BBC reported that Musk's change of Twitter nickname to Kekius Maximus sparked market speculation, but as a close friend of elected President Donald Trump, he did not immediately explain the reasoning behind this action. The profile picture features the character of frog PEPE, which is a meme used by far-right groups.
How to make money in the cryptocurrency world in 25 years? Buy the bottom of 3 altcoins that will increase in value by 100 times in the future!
1. STX
Stacks is trading at $1.57617 with a 24-hour trading volume of $344.38 million. Its market capitalization is $2.37 billion, accounting for 0.07%. In the past 24 hours, the price has increased by 5.91%. Compared with last year, it has increased by 6%.
The volume-to-market capitalization ratio is 0.1454, indicating moderate liquidity relative to its size. Lower ratios generally indicate more stable market activity. Currently, Stacks is traded on major platforms such as Binance. The 14-day relative strength index (RSI) is 35.26.
2. LDO
Lido DAO has launched the Lido Ethereum SDK, a TypeScript library designed to simplify the process of adding Lido's staking functionality to off-chain applications such as wallets and widgets. The toolkit aims to simplify integration with Lido on the Ethereum protocol by providing tools, pre-built methods, and detailed documentation.
Lido DAO Token (LDO) is currently priced at $1.86, up 2.90% over the past week. Its market capitalization is $1.66 billion, down 2.91%. However, the 24-hour trading volume increased by 9.02% to $181.77 million, indicating an increase in trading activity.
3. FIL
Filecoin (FIL) is currently priced at $5.07, up 5.54% over the past day. The market sentiment for Filecoin is bearish, indicating that investors are cautious. Nevertheless, the Fear and Greed Index is 64, indicating "greed".
The cryptocurrency is trading above its 200-day simple moving average (SMA), a key indicator of long-term price trends. Specifically, Filecoin is 3.37% above its 200-day SMA of $4.91. High liquidity is another notable aspect, with a volume-to-market cap ratio of 0.1351. #FIL/USDT #2025有哪些关键叙事? #ldo
If Solana falls below $180, it is advisable to sell. Similar to many cryptocurrencies, Solana [SOL] has experienced a slight decline in the past 24 hours. However, the latest analysis indicates that the token's movement within a specific range is crucial for maintaining its price.
After a nearly 5% increase in price over the past week, the SOL token has turned down in the last 24 hours. At the time of writing, its trading price is $193, with a market cap exceeding $92 billion.
For this token, stabilizing the price in the $190 to $180 range is extremely critical. Once it falls below this range, the price may further decline, leading to potential losses for many investors.
The SOL price may continue to fall due to a decrease in trading volume over the past week; this drop in volume indicates a continuation of the bearish trend.
However, Solana's social volume remains quite high, showcasing its popularity in the cryptocurrency market.
Although trading volume has decreased, the long/short ratio of SOL has actually increased, indicating that there are more long positions than short positions in the market, which is a positive sign.
Data analysis has also uncovered another bullish indicator, suggesting that Solana may not break below the key trading range at this time.
On December 29, the token's purchase volume reached 86, close to 100, indicating significant buying pressure, which has a positive effect on asset prices.
On the last day of this year, I sincerely wish everyone can achieve the desired gains in this bull market.
If you are at a loss in 2023 and still at a loss in 2024, then you must promptly address the issue of losing money, so that you can seize future opportunities.
Each of us must have a clear understanding of ourselves, identify problems, and solve them in a timely manner; the financial market will not accommodate anyone.
I can continue to profit, having gained from the last bull market in 2020, seizing the entire bull market, then avoiding the bear market in 2022, and still profiting now, all thanks to my continuous learning and growth alongside institutions.
Let’s talk about a realistic issue: if I randomly listen to news every day, discussing the market with a crowd of losing individuals, what’s the point of learning?
If making money in the financial market were that easy, the 80/20 rule wouldn't exist.
It is precisely because 80% of people invest casually, not cherishing the hard-earned funds they have accumulated, that the remaining 20% who work hard to learn and improve their understanding can achieve great results.
90% Shiba Inu burn rate plummets, where will SHIB's price go in 2025?
From the background, the burn rate refers to the speed at which tokens permanently exit circulation, causing a reduction in total supply, which theoretically can increase demand. However, recent data is concerning.
In the past 24 hours, 506,465 SHIB tokens have been burned, a significant decline of 90.69% compared to before, with burning activity sharply decreasing, even though 10 hours ago the burn amount had surged by 578%.
However, the weekly burn trend varies; in the past week, 65.19 million SHIB tokens were burned, a slight increase of 4.5% year-on-year, indicating that despite the short-term decline in burn rate, the community's efforts to reduce supply have not stopped.
Meanwhile, in terms of price, SHIB struggles to hold onto its November highs. As of the time of writing, the price of this meme coin is $0.00002167.
Although it saw a slight increase of 1.69% in the past day, the overall market sentiment remains bleak. The token's RSI is trending downward, showing a bearish tendency, and OBV indicates that demand is stagnating, with trading volume decreasing and retail participation cooling off.
It is noteworthy that whale trading plays a significant role in the Shiba Inu market activity. During the key bullish phase from October to November 2024, whale activity rose sharply, showing that large transactions are closely linked to SHIB's price movements.
This dynamic is crucial for SHIB's short-term trajectory heading into 2025. Although activity is frequent, whale trading and burn plans have not significantly driven prices up, primarily due to the ongoing uncertainty in the macro economy affecting investor sentiment.
SHIB relies on burn and liquidity driven by whales; however, due to the lack of widespread practical use, its upward potential is limited. As we approach 2025, the token's trajectory remains constrained by these factors. #SHIBA🚀 #MicroStrategy增持BTC
How much has Dogecoin surged in the past 10 years?
Dogecoin has indeed experienced significant price growth over the past 10 years. Below is a brief analysis of Dogecoin's price trends:
Since its establishment in 2013, Dogecoin's price has fluctuated. For example, in 2014, Dogecoin's price fluctuated between $0.0002 and $0.000789. By 2024, Dogecoin's price saw a substantial increase, with reports indicating that its price range could be between $0.540 and $0.7605, and some predictions even suggest that Dogecoin's price could reach higher levels.
When comparing the lowest price in 2014 to the predicted highest price in 2024, the increase in Dogecoin's price could indeed approach or exceed 300 times. However, such a comparison overlooks the complexity of price fluctuations and various influencing factors during this period.
The reasons for the increase in Dogecoin's price mainly include:
1. Social media and celebrity effects: Dogecoin has gained widespread exposure and discussion on social media, with public support and frequent interactions from well-known figures like Elon Musk greatly enhancing Dogecoin's visibility and investor interest.
2. Technological innovation and thriving application ecosystem: Dogecoin has achieved upgrades and optimizations in its underlying blockchain architecture, improving transaction speed and network stability while reducing transaction costs. Simultaneously, the application scenarios for Dogecoin have become increasingly diverse, being widely accepted for online shopping and cross-border remittances.
3. Increased merchant acceptance: More and more merchants are beginning to accept Dogecoin as a payment method, further expanding user choices and enhancing market recognition and demand for Dogecoin.
4. Market sentiment and speculative demand: The overall optimistic sentiment in the cryptocurrency market and investors' search for short-term investment opportunities have also driven up Dogecoin's price.
Major Events in the Crypto World! A Frenzied Bull Market May Erupt Again!
On January 20th, Trump is set to take office again. Everyone should pay special attention to his favorable statements regarding the crypto world. His rhetoric and policies are likely to bring a wave of positive energy to the market, so we need to stay calm, hold onto our coins tightly, and wait for the good news he will bring!
Here's another hot piece of news: FTX is set to repay a massive debt of 16 billion! Starting from January 6th, they have 60 days to settle this. With so much money flooding into the market all at once, a rebound in the crypto world is inevitable, and it might even soar to new heights! This is like a shot of adrenaline for the market!
Also, regarding Ethereum's staking ETF, once Trump takes office, this feature is likely to launch, which would be a tremendous boost for Ethereum! This will make Ethereum even more appealing, attracting more buyers. Staking applications are expected to go live in January, and before Christmas, $131 million has already flowed in, with institutions eagerly waiting!
Don't forget about Ethereum's Prague upgrade. Every time there’s an upgrade, the price tends to increase; it's a pattern. After this upgrade, the next three months could very well be the main upward wave. Although upgrades may sometimes be delayed, the tide of the bull market cannot be stopped.
PENGU market value will exceed DOGE market value???
In December 2024, the memecoin market ushered in a new major change. The Pudgy Penguin (PENGU) token launched on the Solana blockchain set a new record as soon as it was listed, becoming the largest memecoin on the chain, with a market value of over $2.5 billion. This made PENGU surpass the original defending champion BONK and became the most popular meme token on the Solana chain, second only to well-known currencies such as Dogecoin, Shiba Inu (SHIB) and Pepe.
Since its release on December 17, the PENGU token has surpassed the $1 billion market cap in just nine days, far surpassing the previous fastest-growing meme coin on the Solana chain, PNUT, which took more than 10 days to achieve this despite celebrity support. According to CoinMarketCap data, PENGU's latest trading price is $0.04004, up 12.6% in the past 24 hours. This impressive growth once again proves the huge potential and vitality of the meme coin market.
Solana's Stormy Transformation! Bullish Yet Surrounded by Sellers, Life and Death Depend on Trading Volume!
Since hitting an all-time high in December, SOL has seen a pullback, dropping 18.18% over the past month. However, in the past week, the price of SOL has risen by 7.09%, and in the last 24 hours, it has increased by 5.42%, indicating a slight recovery in market sentiment.
The trading volume on the Solana network has surged, with 66.9 million transactions executed in the past 24 hours. As SOL gradually recovers, this increase in trading volume has attracted widespread attention in the market. However, an increase in trading volume does not always indicate a bullish trend, as it depends on the market's buying and selling sentiment.
In the past 24 hours, SOL worth $6.15 million has been sold, while in the past 7 days, SOL worth $75.18 million has been sold.
Despite the increased buying activity, the rise in SOL's price remains fragile, especially when accompanied by a decline in trading volume, indicating that this may only be a temporary price rebound lacking sufficient market support.
Solana is currently at a critical support zone, forming a bullish triangle pattern on the chart. This support zone is between $188.89 and $173.24, an area typically associated with strong buying pressure.
However, despite the existence of the support zone, current market activity has not shown enough buying volume. If Solana breaks through this support zone, it may re-enter the previous consolidation phase. #sol板块 #本周微策略是否继续增持BTC?
This Week (December 23 to 30) Top Five Awarded Tokens: PHA, AI16Z, VERUM, ATA, AGLD
1. Phala Network (PHA)
PHA's price increase is the largest in the past 7 days, exceeding 322%. This digital asset started its upward trend at $0.12 on December 23 and reached $0.59 on December 28. As of the time of writing, PHA's market capitalization is nearly $394 million, having reached $457 million two days ago.
2. ai16z (AI16Z)
AI16Z has seen a price increase of over 119% in the past 7 days. The coin has been rising steadily since December 23, when it was trading at about $0.6 and exceeded $1.38 on December 28. Now, the token's market cap is around $1.4 billion.
3. Verum Coin (VERUM)
In the past 7 days, VERUM's price has increased by nearly 115%. It began a significant price rise on December 27, starting from $1,145 and reaching over $3,100 on December 29. Since then, it has been trading around the same level. Now, VERUM's market capitalization is close to $292 million.
4. Network Automation (ATA)
In the past 7 days, ATA's price has increased by over 80%. The token began a significant rise from $0.1 on December 28, peaking at nearly $0.24 on the same day, with a market cap of nearly $125 million. Now, the token's trading price is close to $0.17, and its market cap exceeds $95 million.
5. Adventure Gold (AGLD)
AGLD's price has risen by over 78% in the past 7 days. The token experienced a week of volatility, surging significantly from $135.4 million on the same day to reach $2.77 on December 29, when its market cap exceeded $214 million. #2025比特币价格预测 #ATA
If the altcoin season in the crypto world is coming, can you really make money?
2024 is almost over, and for most people, it may be more losses than gains, especially from March to October, which has been quite tough. Of course, it is still tough now, as the market has experienced a significant pullback, especially in altcoins, and retail investors often suffer the most during each downturn.
The altcoin season will definitely arrive in 2025, and many people believe that this bull market is different from previous ones. In fact, overall, it is quite similar, with not much change; the cycle may just be advanced or delayed by a period of time, which does not significantly affect the rhythm of the entire bull market.
So if the altcoin season arrives, can you make money in the crypto world?
Of course you can. As long as you don't mess around with contracts or operate against the trend, most people can make some money with decent profits. Because when the market is good, chasing up and selling down can be quite easy to profit from, and you might earn several years' worth of salary in a short time. This is also why the crypto world is attractive, because seizing the opportunity can lead to a turnaround.
But there is a cruel reality.
Most retail investors actually cannot hold onto the money they make!
On one hand, at the peak of the bull market, various positive news is everywhere, influencers are shouting high prices, and retail investors can easily get lost, with some even selling their houses or borrowing to leverage. Once the market crashes, they may find it impossible to recover. To make money in the crypto world, one needs to improve their understanding. On the other hand, after the bull market, a bear market usually lasts more than a year.
Many people can't resist the urge to trade during this time, and as a result, the money made in the bull market is lost in the bear market, with some even losing their principal. Bear market liquidations can be quite harsh, and many newcomers and influencers suffer significant losses, leading many to exit the market.
Overall, to make money and keep it in the crypto world, one must have strong awareness. Making money in a bull market often relies on luck, not skill. Recently, someone told me that the influencer who helped them make money then ran away.
There are many such people, so not only must one guard against market manipulators, but also against unreliable influencers. Retail investors really have a tough time.
Only when the altcoin season comes can the vast majority of retail investors have a chance to turn things around!
Because most retail investors only hold altcoins and don't have Bitcoin. If this round of the bull market doesn't have an altcoin season, many retail investors will be in big trouble; those who should be delivering takeout will deliver takeout, and those who should jump into the sea will jump into the sea.
Many people's asset allocation needs to be adjusted. If you follow the asset allocation ratio of Bitcoin, value coins, and altcoins at 5:3:2, you will definitely outperform the majority!
I believe the bull market is not over, the altcoin season will still come, but what is unknown is: can you hold on until the arrival of the altcoin season?
In recent days, there has been a tug-of-war between bulls and bears, with no clear winner; everyone should pay attention to risks and operate carefully: Refuse to be complacent, the market currently seems calm, but in reality, there are undercurrents; The best approach is to observe and wait for an opportunity to bottom out in the spot market or to get in, I believe the market will not disappoint your patience;
At this time, it is necessary to pay attention to trend trading, it is best to wait until it stands above before buying; personally, I believe that if it cannot stand above, there is a greater possibility of another drop; this is not a bearish view, just a realistic expression of my perspective on the market.
My approach is also very simple: I will not open any contracts or leverage, I will not touch my long-term spot positions or staking positions, and I will clear out short-term positions that I currently consider non-Alpha projects, trying to increase my USDT positions and wait for opportunities to enter;
Just eight words: Market turbulence, pay attention to safety!
In the cryptocurrency market, if your trading results do not meet your expectations, do you become emotional?
During the trading process in the cryptocurrency market, have you ever experienced feelings of anxiety, indecisiveness, regret, or other similar emotions?
If so, it indicates that your mindset is emotional, irrational, and subjective.
Speaking for myself, I am decisive once I buy; before entering a position, I analyze the fundamentals of the assets I plan to invest in, selecting high-quality cryptocurrencies that suit my strategy.
Once I have chosen the cryptocurrencies, I decide what level of trading to engage in based on my own circumstances. For a long period, I would only choose one trading level, whether it be long-term, medium-term, or short-term, and I generally wouldn’t operate on multiple levels. This is not related to ability but rather a matter of self-discipline.
After selecting the trading level, I analyze the market to assess future trends and develop a detailed trading strategy based on the chosen trading level. The trading strategy includes entry position management, asset allocation, take profit, stop loss, risk control, and so on.
Finally, I find the right precise entry and exit points based on timing, and after entering, I leave the rest to time.
The fluctuations during the trading process are a process of integrating knowledge and action for oneself, and they are also the moments to overcome personal weaknesses.
Even if the market does not meet my expectations, I never complain or blame the cryptocurrencies I have purchased, even if they eventually become worthless. Of course, this is not likely to happen because I have a mature risk control system.
Blaming them is equivalent to blaming myself, and I would not do such a foolish thing.
These are all choices I made myself; isn’t blaming them just blaming myself?
However, in real trading, most people tend to complain about the market, blame others, or complain about why the cryptocurrencies they hold haven’t surged the most.
They do not seek the core essence of the fundamental issue from the source; instead, they become emotional about the process and results, which is detrimental to trading without any benefits.
Today, Grayscale increased its holdings of 1,849,900 FIL, what signal has it released?
Grayscale increased its holdings by 100,500 FIL today, with an average total cost of $11.92; this is the 32nd order placed in 2024, belonging to the 65th increase in FIL, with total holdings exceeding 1,849,900 FIL!
The Grayscale Fund has invested a total of $10,275,027 before March 22, 2024. From the first to the 34th increase, a total of 109,135 FIL has been added.
On April 5, 2024, purchased 11,500 FIL, cost $8.48, investment of $98,000. On April 8, 2024, purchased 2,801 FIL, cost $9.22, investment of $26,000. On April 9, 2024, purchased 19,000 FIL, cost $8.65, investment of $170,000. On April 10, 2024, purchased 101,800 FIL, cost $8.53, investment of $868,000. On April 18, 2024, purchased 4,194 FIL, cost $5.84, investment of $25,000. On April 19, 2024, purchased 8,451 FIL, cost $5.59, investment of $47,000. On April 27, 2024, purchased 199,800 FIL, cost $5.69, investment of $1,136,800. On May 29, 2024, purchased 293,700 FIL, cost $5.85, investment of $1,718,100. On September 18, 2024, purchased 146,100 FIL, cost $3.474, investment of $510,400. On September 27, 2024, purchased 21,200 FIL, cost $4.013, investment of $85,000. On September 28, 2024, purchased 6,018.35 FIL, cost $4.18, investment of $25,100. On October 5, 2024, purchased 8,393.85 FIL, cost $3.628, investment of $30,450. On October 19, 2024, purchased 20,600 FIL, cost $3.7, investment of $76,200. On October 22, 2024, purchased 32,500 FIL, cost $3.83, investment of $124,400. On November 28, 2024, purchased 4,803.65 FIL, cost $5.68, investment of $27,100. On December 19, 2024, purchased 7,709.22 FIL, cost $5.75, investment of $44,300. On December 20, 2024, purchased 1,700.95 FIL, cost $5.22, investment of $8,874. On December 28, 2024, purchased 100,500 FIL, cost $4.97, investment of $499,400.
Current total holdings: 1,849,900 FIL. Total cost: $22,069,043. Average: $11.92/FIL.
There are currently only two true settlement layers in the cryptocurrency world:
Bitcoin and Ethereum!
A strong settlement layer needs to meet five criteria:
① Culture of users running nodes
② Wide distribution of tokens
③ Trusted neutrality and security
④ Lindy effect flywheel
⑤ Liquidity and popularity
These criteria are indispensable, and truly valuable things will become more valuable in the future, this is the Lindy effect!
Currently, I can see that only Bitcoin and Ethereum meet the Lindy effect. So if there is no alt season, ETH will never rise, on the contrary, Ethereum will definitely make the alts have liquidity, otherwise the dog dealer will use these two targets to completely fomo this market? Obviously not enough
There are several big things coming up, good news is coming!
1. Trump's inauguration On January 20, 2024, Trump will take the presidency again. The friendly attitude of this "old man" towards the crypto field has long been deeply rooted in the hearts of the people. His inauguration will undoubtedly bring a series of remarks and policies that are beneficial to the crypto market. In this context, we just need to be patient and wait for the market to pick up, and I believe that the future is promising.
2. FTX huge repayment Good news is coming one after another! FTX will launch a repayment plan of 16 billion funds on January 6, and it is expected to be fully repaid within 60 days. The inflow of this huge amount of funds will undoubtedly inject a shot of adrenaline into the currency circle, promote a full rebound in the market, and even help us reach a new level.
3. Ethereum pledge ETF After Trump takes office, the Ethereum pledge function will also arrive as scheduled. The launch of this function will greatly enhance the attractiveness of Ethereum and attract a large number of buying orders. It is reported that the pledge application is expected to appear in January, and before the Christmas holiday, the market has been arranged in advance, and $131 million of buying funds have flowed in. The expectations of institutions are the best proof of the market recovery.
4. Ethereum Prague Upgrade Looking back at the upgrade process of Ethereum, after each upgrade, its price will usher in the main upward wave within three months. The Prague upgrade is also expected to announce the results in January (although there is a possibility of delay, it will not affect the final trend). Let us look forward to Ethereum leading the market again!
In the face of market fluctuations, we don't need to be overly anxious. Keep confidence, keep up with the trend, and believe that in the near future, we will be able to reap a lot in this hot land of the currency circle!
At present, we can see from some data that the current market does not support it to continue to fall. From the liquidation chart, both the long and short sides are in confrontation, so it still needs a long time to fluctuate, and it cannot be solved in one or two days. It still needs a long time to fluctuate at more than 90,000 US dollars, but from the perspective of the whole month, it is still bullish within 30 days, but in the short term, it is also a volatile market within one or two days, and it will not go so fast.