Bitcoin started a surge last night, breaking the 94,000 USD level and setting a new historical high. BTC has reached a new high; has your account also reached a new high?
Shorting friends choose the hardest asset BTC, while those going long pick the weakest altcoins. When BTC drops, altcoins drop; when BTC rises, altcoins drop! This market belongs solely to the BTC bull market; most altcoins are in a mess, falling rather than rising. If BTC drops, will altcoins not return to the lows of November 4th?
Either setting a new high or on the way to set a new high, as BTC just broke 94K and is heading straight for 95,000. This could be influenced by the start of trading for Bitcoin ETF options on the 19th. However, the introduction of ETF options has both advantages and disadvantages; the advantage is that more institutions might come in, pushing BTC even higher. The downside is that options have expiration dates, usually on Thursdays, Fridays, or the last day of each quarter, especially during quarterly expiration dates when trading volume is higher. Therefore, on weekly or quarterly expiration dates, the composition of BTC's chromosomes is correspondingly larger. Next, I will discuss my operational methods for the leading Bitcoin and the second-leading Ethereum at this stage. For BTC, I am currently focusing on quick entries and exits; it's not suitable to hold long-term before a pullback. So what about the much-criticized second-in-command? Many brothers feel that this round may lead to its complete decline, but temporary failure does not mean perpetual failure. As mentioned before, BTC will enjoy the first round of liquidity, and after it rises, it will be the turn of the second and altcoins. Don't rush; in the coming months, the second definitely has room to rise. I will choose to enter ETH decisively below 3000, being conservative, and first look for a 6-digit return. What do you think, brothers?
In the past 24 hours, the total liquidation amount across the network reached 349 million USD
With Bitcoin continuing its upward trend, data from Coinglass shows that in the past 24 hours, the total liquidation amount in the cryptocurrency market reached 349 million USD, with long positions liquidated at 241 million USD and short positions at 107 million USD, affecting over 137,000 people.
3 potential cryptocurrencies that could surge 10-50 times in the future are worth investigating!
ONDO
The ONDO token of Ondo Finance has recently experienced significant price volatility. This month, due to its integration with PayPal's PYUSD, the token rose by 35%. Following this, ONDO's price increased by 9%, reaching 1.05 USD. Over the past week, it has risen by 13%, reflecting growing investor interest.
On November 15, Ondo Finance announced a partnership with PayPal's PYUSD, marking an important milestone. This collaboration allows for instant conversion between PYUSD and Ondo's short-term U.S. government bonds (OUSG). This move is a step towards connecting decentralized finance (DeFi) with the traditional financial system. It highlights Ondo Finance's role in advancing the integration of these two sectors.
The market outlook for ONDO remains optimistic. Analysts predict that by December 2024, the trading price of this token will be between 3.45 USD and 4.90 USD. This prediction suggests that its price could rise approximately 317% from current levels. If realized, the return on investment (ROI) for investors could reach 376.15%.
DOGE
Time has shown that Dogecoin is more than just an amusing figure on the internet. Its mascot—a dog—has garnered support from some of the most powerful communities, including Elon Musk, which is why the name 'people's currency' fits it so well.
Currently, the trading price of DOGE is 0.37 USD, with a market cap exceeding 54 billion USD. Despite the market downturn, DOGE has shown resilience, as evident from its current trading price. Due to its technical candlestick chart forming a rounding pattern, it is at the forefront of high trading. Analysts unanimously agree that it should be able to reach 1 USD soon and may further rise to 2.40 USD by 2025. Interestingly, the marketing strategy for Dogecoin (one of the reasons for its success) is not solely due to its rich meme culture, but rather because the focus has shifted as more payment sectors and merchants begin to support it.
AVAX
Developers and investors can be confident in AVAX's network, as it holds great expectations for high usage, low transaction fees, and low energy consumption. Currently, AVAX's stock price is 35.33 USD, with a market cap of 14.37 billion USD. Therefore, AVAX could become a growth-oriented token in the coming weeks. Additionally, the network can process thousands of transactions in a matter of seconds, and its cross-chain focus is relatively small, making it an ideal platform for blockchain growth.
Avalanche has recently established partnerships and expanded its ecosystem, enhancing its advantages. The increasing popularity of its subnet and the addition of new projects indicate a positive outlook for AVAX's future price. Analysts believe that with the next bull market, AVAX is likely to break through 100 USD, offering good investment returns.
