Brothers, the price of Bitcoin has reached 107,790 and is about to reach the second target of 109,300. The total market value of the entire cryptocurrency market has also reached 3.8 trillion, with Bitcoin accounting for 55.6%, which is 2.1 trillion. Currently ranked seventh in the world, only 0.32 trillion away from sixth place Google. I believe it will have a chance to surpass it this month.
Then the opportunity for altcoins is coming.
In the past week, Bitcoin has started to build momentum to rise, withdrawing 95% of the market's liquidity, causing altcoins to fall without rising, including ETH, which cannot rise. This is a normal phenomenon since there is currently no off-market funding inflow, only on-market funds are pushing up. So, the next time Bitcoin reaches the 109,300 range, it will have a few days of consolidation, let's see if altcoins can seize the opportunity to stage a strong rebound.
Today mainly talking about the dark horse HYPE, which only rises and does not fall.
Simply a dream currency! HYPE has hardly dropped since it was listed on CoinGecko! This is the first time I've seen something that has surged for half a month, showing that DEX is the prominent study of this round.
HYPE started to surge from November 29th, we have been watching since that day, and I divided the surge situation into 3 phases:
1. Surge: November 29th to December 4th 2. Sideways: December 5th to 10th 3. Surge: December 11th to today
The VCs who supported the FTX system back then all stand up to support Hyperliquid. If you say it has no VCs or supporters behind it, I find it hard to believe, after all, the VC group is going crazy talking about it. So I made a comparison chart of HYPE and FTX, feel it out.
The new round of hyperliquid spot seat auction is expected to break new highs.
Only at 5% progress after the start, the dev of god couldn't wait to buy the seat at a new high price of 970,000 USDT. If this price can be maintained, the one-year spot income will be 270 million dollars, and the spot income part is rapidly catching up with the contracts.
Why can HYPE's decentralized listings be auctioned at such high prices?
Because the value of HYPELIQUID is getting higher and higher. Yesterday, I bought 40 coins with each purchase of 100 USDT for HYPE that was below 1 million market value:
4 declines, with the maximum drop of 7%
36 increases, with the maximum increase of 87%
Current market value of HYPE: 7.6 billion dollars. To be honest, if this market value doesn’t go on major exchanges and only sells on its own exchange, it’s really hard to sell. However, as a super strong competitor of CEX, HYPE is almost impossible to go on too large exchanges.
By the way, about the profit logic of HYPE: you can refer to FTX, where retail investors' counterpart is the market makers, and their market makers are the platforms themselves! The pure profit mainly relies on listing fees (the listing fee is approaching 100WU as of December 16th in the Dutch auction format), and transaction fees.
100 USDT explosive pump fun still requires hard work to sweep the chain because there are too many assets, it’s better to come here for the 100 USDT explosive pump, just in case, bro. Personally, I feel that the profit situation for HYPE has reached the body stage of the fish, and it has not yet reached the tail stage. I wish everyone great success!
Holding 5 million dollars in HYPE at a high position, but everyone should be aware of the risks, 3-10 nearby is a relatively good price—because it's cheaper than 28. If it falls below 10, there may be an opportunity to buy 10 million dollars, which is a position I feel comfortable with for this asset. Of course, I only focus on high liquidity coins, not recommendations.
Finally: at the time of writing, I saw that the whale was also buying coins with tens of millions of dollars.
