On Christmas Eve, whether retail investors in the crypto market can truly have a peaceful night is indeed thought-provoking!
Just last night, the two giants, Bitcoin (BTC) and Ethereum (ETH), simultaneously encountered market turmoil. Ethereum even fell to a low of 3214, and Bitcoin was not spared, falling back to around 92460, a drop of nearly 4000 points.
However, compared to the violent fluctuations of Bitcoin, Ethereum showed a relatively stable side, rebounding strongly in the early hours of the morning and re-reaching the high of 3465.
Currently, Bitcoin’s performance seems to be slightly weak. After a brief rise at 4:30, it has been in a downward trend, which is in sharp contrast to the green atmosphere of the overall market. Ethereum’s decline is relatively small, which may indicate that Bitcoin’s funds are gradually flowing back to Ethereum.
As funds flow, we have reason to believe that these funds may further flow into the altcoin market in the next step.
Therefore, the bull market of altcoins may not be far away, and the second wave of altcoin carnival season is about to sweep in!
The spring of altcoins is coming! Is Bitcoin losing its dominance? Altcoins are beginning to emerge, and Ethereum is also rising rapidly.
At present, the altcoin season is really starting to heat up slowly. Even if Bitcoin falls, Ethereum altcoins do not follow suit. We really need to start buying altcoins on dips. Remember to allocate some popular coins. You can consider gradually deploying some popular altcoins at low levels, such as Zen, Usual, Aave, etc. Cheems, Bome, Usual, Ena, Banana, etc. are also worthy of attention.
Ethereum is now in a strong bullish momentum. If it breaks through 3555 in the short term, it means the correction is over and the bull market is still going on! This is just a small adjustment in the bull market. Next, it will be the time for altcoins such as Ethereum and Sol to perform!
However, everyone should understand that the performance of Bitcoin is still the vane of the market. Once Bitcoin rises, altcoins will take off across the board; once Bitcoin falls, altcoins will also collectively dive. Therefore, whether there will be altcoin season is actually the result of the game between long and short forces. If there is really no altcoin season, this wave of leeks will be miserable; and if there is, the extent of the increase will definitely be amazing, because many people have been thrown off the train.
At present, Bitcoin is being sucked dry by altcoins, and a new round of altcoin season may be coming.
Among altcoins, Defi and AI sectors performed the best, with aave, crv, and usual all rising by more than 20%.
These projects are all related to the US compliance narrative. AAVE is related to the Trump concept, and CRV is also cooperating with BlackRock.
On-chain AI projects, such as virtual, aixbt, and game, also rebounded, and the exchange rate of Solana to Ethereum also began to reverse. This shows that some funds have flowed into the Solana ecosystem.
Binance also launched a new launchpool project Bio yesterday. It is a decentralized scientific DAO organization that focuses mainly on the biomedical field.
These signs all indicate that big funds are starting to take action. They are flowing into various sectors for speculation, and a new round of copycat season may be coming.
BioDAO concept tokens surged due to Binance’s launch of BIO Protocol
After Binance announced that bio would be the 63rd launchpool project, the DeSci track was completely established. Combined with CZ and Vitalik’s previous discussion on desci at DEVCON in Bangkok, and Binance Academy’s explicit mention of desci in the article, I think Binance’s move is to make desci bigger by supporting bio. Those who are interested in this sector can focus on the following projects
$RIF market cap is $55 million.
GJtJuWD9qYcCkrwMBmtY1tpapV1sKfB2zUv9Q4aqpump
$URO Market value: 50 million
FvgqHMfL9yn39V79huDPy3YUNDoYJpuLWng2JfmQpump
$DRUGS Market capitalization: $35 million
CX9YDTED9TWgVXVoFy8JL9gSSAEWcTv4mzjLSv17LQsj
$SCIHUB Market value: $23 million
GxdTh6udNstGmLLk9ztBb6bkrms7oLbrJp5yzUaVpump
Binance InvestmentUsually
A few days ago, there were many people from Fud $USUAL
There are all kinds of things: the gameplay is old-fashioned, the collateral is not transparent, and the team has problems
It should be clear now: Binance will support USUAL to become the next Luna
Background of French Parliament members
Stablecoin track + RWA track + Binance EUR support + Everyone’s Fud
Currently supports U.S. Treasury bonds and other eligible RWAs to be exchanged for an equivalent amount of USD0 at a 1:1 ratio
Big ambition to control half of the future, monopolistic growth
The higher the tvl, the higher the dividend. The $usual staking pool will be opened later.
Very suitable for large capital arbitrage and interest income. Suitable for bargain hunting.
Binance finally acquired all of Desci, RWA, and Meme, becoming the undisputed big brother.
I think you can question the ability and level of supporting projects, but never question the attention, funding, resources, etc. that a big brother brings to the project.
No project is 100% perfect, only flaws can outweigh its merits
Let’s talk about AAVE
The reason why this coin is skyrocketing now is that its TVL funds have far exceeded the peak of the last bull market, while its coin price is only around 300, far lower than 670 in the last bull market, and is undervalued.
The Trump family’s WLFI also increased its holdings in AAVE, which we have analyzed in two special programs, so I am not surprised by its rise.
But what I want to say today is that its short-term rise seems to be over. Today it has reached the previous high of 390. The resistance is quite large, so you can choose to take profit at highs and then take it back when it pulls back.
I will pay attention to the support levels above 350, such as 355, and enter the market on dips.
In fact, if the market conditions were better, I would choose to continue holding on. However, now all coins have plummeted a lot, and AAVE is about to hit this year’s high again. I feel that the overall environment is a bit bad, and I want to wait for a pullback.
I also have a layout of Ethereum's other two ecological coins, Uni and Puffer. They are rising slightly at the moment, not as strong as AAVE, but they are still okay.
ONE:
Next, you can focus on long Grayscale. If the altcoin season comes, the market will be pulled up. Grayscale's own son will definitely outperform other coins because Grayscale will help you carry the sedan chair. BAT is the coin with the smallest market value and the least increase in Grayscale's holdings.
The three coins with the lowest market value held by Grayscale, ZEN, LPT and BAT, have increased in order. BAT is just starting now, so please pay attention if you are interested.
Today I will focus on: ZEN and LPT
These two coins are skyrocketing now! On December 20, I took everyone to eat a wave of ZEN, and the profit was 71 points! In the previous article, I mentioned to everyone that after pulling Zen, Grayscale will buy LPT, and LPT will sooner or later be like Zen, ambush LPT, and LPT also has 50 times the potential! Sure enough, LPT took off with the trend, and the fans who followed me made another wave of full profits, and their mouths were full of oil!
LPT:
The operation of pulling the price has quietly begun. Looking back, THETA once invested up to $750 million in an external video website, but this major investment did not attract widespread attention at the time. In the cryptocurrency circle at the time, LPT was almost the only one involved in the field of combining AI and video.
LPT has successfully transformed from the video field to the AI track, and has shown a strong momentum in the process. Currently, LPT is at the bottom of its valuation, but with the rise of the AI wave, LPT is expected to usher in explosive growth. It is particularly worth mentioning that LPT also belongs to the "son" series of Grayscale Investments, which further highlights its underestimated value. With the market's new understanding of its value, LPT is expected to usher in a wave of revaluation.
IT WAS
The total circulation is only 15 million. Grayscale has opened securities investment for Zen and submitted Grayscale Horizen Trust (ZEN) to the U.S. Securities and Exchange Commission (SEC). Zen is going to build its own chain, and when the time comes, Zen holders will also receive an airdrop of zkf. This wave of Zen is an independent market, and it has not fallen. It should be the main force that has entered, and Grayscale is the main force.
ZEN will eventually rise to 2000. The current market value of ZEN is 600 million US dollars. The price of 38 has increased 50 times, and the market value is 30 billion US dollars, which is only 1/3 of SOL and just equal to the current market value of ADA. There is huge room for growth.
Grayscale has only two sons, one is Zen and the other is LPT. In the short term, I will only heavily promote these two coins and blindly go long on Grayscale. First pull Zen, then pull LPT. Spiral up, the timid can ambush Link.
link
This asset is also part of Grayscale's holdings, and its main upward trend has not changed. It still maintains an upward trend and continues to rise. However, in this process, a shoulder-on-shoulder pattern appeared, which is usually regarded as a false signal in the mid-term of the rise in technical analysis. The main purpose is to confuse investors, the so-called "fake line". Therefore, investors should be vigilant when facing such patterns to avoid being misled by short-term fluctuations.
Let’s take a look at the new monster currency FTT
Biden is leaving office soon. Rumor has it that he might pardon SBF. Musk even agreed to this news a few days ago. But FTT is really a monster. It has released another 16 billion in compensation. FTX2.0 is about to be reorganized. Maybe it will usher in a big buying? It’s hard to tell whether it’s true or not. We can only look at the K-line!
Short term: I plan to wait until around 3.0 to enter, and stop at 2.6, to be safe!
Finally, let’s take a look at FIL, which was previously known as Grayscale’s own son!
Grayscale has recently attracted attention again because of ZEN, which has doubled, and LPT has also performed strongly in the past two days. Is FIL also going to do the same soon?
Grayscale holds 9 million of both FIL and LPT. After pulling up LPT, FIL may take over. The target of $10 should not be too much, right?
FIL’s pullback from its previous high was close to 50%. On December 20, FIL rebounded after the pullback and started a second bottoming out.
During the second bottoming period, the short position shrank and did not break the previous low, indicating that the short position was weak. From the BOLL track, it is currently a retracement after breaking through the middle track, and the BOLL has begun to close. The overall trend shows that both the lows and highs are rising, which paves the way for the bulls to exert their strength.
Opinion: FIL is about to usher in a short-term rise, and this is a short-term right entry point. The four-hour market changes rapidly, and short-term operations must seize the opportunity to stop profit and stop loss in time!
