Today is the most memorable day in the history of the cryptocurrency circle. On December 5, Bitcoin officially broke through and stabilized at the $100,000 mark. Whenever fans and die-hard fans asked me how much the Bitcoin bull market could reach, the unanimous reply was $100,000. I didn't expect that it was only the beginning of December and the price of $100,000 was broken. At this price, you should never sell your chips. If you have 50,000 to 60,000 BTC chips, it is recommended to sell 20% of your position. Again, we come to the cryptocurrency circle to make money, not to charge money and increase positions. We must hold on to our profits, and the remaining Bitcoin positions can be seen to double, or even higher! The main reason why Bitcoin can break through the $100,000 mark today is that Powell spoke last night, publicly stating that BTC is a competitor to gold, not a competitor to the US dollar. In other words, BTC is more like gold. The Americans began to talk about Bitcoin openly, a good start, comparing Bitcoin with gold.
These three scenarios are very likely to be played out in the near future, perhaps before Christmas or before the new leadership team takes office in January next year.
Ethereum and related altcoins rebounded:
This has occurred in 2018, 2021 and the beginning of this year, but the compensatory rise at the beginning of this year was not very obvious, mainly due to the fact that the Ethereum ETF did not perform as expected after its launch. At the same time, the DePIN and BTC staking projects on the market have brought a certain diversification effect to the active funds on Ethereum.
At that time, many top projects on Ethereum also launched tokens with high market capitalization, which put pressure on the remaining liquidity in the market. In the past six months, they have experienced market capitalization repair and price repricing, and the situation is much better.
But recently, Ethereum's ETF has been in a net inflow state for 8 consecutive trading days, and many L2s have been launched and issued one after another. Funds have returned to the Base and BNB chains in the Ethereum camp, so there is some expectation for this round of compensatory rise.
BNB’s new high:
This has already appeared yesterday. In fact, this is not only the case for BNB, but also other first-tier platform coins, which should all reach new highs one after another.
At present, there are two ways to price platform coins in the market. The first is to follow the logic of buying brokerage firms. When buying platform coins, they will take out a portion of the exchange-related income and performance for repurchase.
The currently popular pledging of new shares can be understood as irregular shareholder dividends. If you keep mining, withdrawing and selling, then with the arrival of the bull market, the income will increase to some extent, and the platform currency itself is also rising.
The main reason why BNB is mentioned here instead of other platform coins is that the BNB chain is also currently making efforts. After the joining of @GalaBNB and the return of @cz_binance, we can see that the BNB chain has indeed made a lot of moves.
Therefore, the favorable weight of BNB in the platform coin camp is greater than that of all others, because it is also a public chain coin.
New coins that continue to rise:
In each round of Bitcoin reaching a new high and after the return of the alt season, there will be a hundred-fold miracle disk. In the last round of bull market, I believe everyone has seen the brilliance of STEPN. No one could predict where the high point of GMT was at that time.
At the beginning of this year, the popularity of inscriptions also made ORDI rise rapidly after listing on Binance, hitting the high of 100 US dollars several times. Unfortunately, that wave of copycat season ended too quickly. Then in this wave of market, according to historical deduction, a secondary god disk will be born after listing on Binance.
Recently, Binance has been deliberately listing projects with low market capitalization, and has rejected many top-tier projects. It seems that it is intentionally giving more tokens and leaving more secondary space. After all, the community has suffered from VCs for a long time, and no one wants to take on projects with too high market capitalization.
Therefore, according to historical experience, these three scenarios are very likely to be staged in the near future. The time node may be just before Christmas, or before the new team takes office in January next year.