Do you know who helped DOGE reach 100 billion? What did he do? Do you know who helped shib rise to 65 billion? What did he do? Do you know how many days it took for DOGE to rise from 5 billion to 100 billion? Do you know how many days it took for shib to rise from 1 billion to 60 billion?
1. Reasons why Dogecoin rose to a market value of 100 billion: Dogecoin's surge from a low market value to 100 billion was mainly driven by **Elon Musk**. Musk's continuous promotion and support for Dogecoin through social media (especially Twitter) attracted the attention of a large number of investors. In particular, when he publicly called himself the "Father of Dogecoin", promoted "Dogecoin" to mainstream culture, and supported its proposal to be used as a payment tool, a large amount of follow-up funds were attracted. In addition, Dogecoin is a "meme coin" with a wide influence and followers in social media and community culture, forming a strong community effect.
Last night, the Yitai Foundation sold 100 Ethereum (100e), triggering a sharp correction in the market. Although this event itself has nothing to do with the market trend, it still makes people feel a little depressed. However, when I woke up this morning, Bitcoin (BTC) rebounded a bit, while the prices of Yitai, BNB, and SOL still fell by 5% compared to yesterday. The situation of altcoins is even worse, and the overall funding rate has also been reduced by half, and the number of longs in the market has increased significantly.
In this environment, the ETH/BTC exchange rate fell to around 0.036 under the influence of Bitcoin. It is unknown when it will reverse. L2 (Layer 2) projects are very popular now, and many new chains are emerging. Because of the low construction cost, the phenomenon of money-making is also more obvious. Lisk is in this situation. Recently, Unichain, Uni's L2 project, released news, which led to a wave of increases, but now the price has fallen by 20% compared to the time of release. I hope no one is trapped at a high price because of the news.
These price ranges are worth entering boldly, as the chances of a bull run in the next six months are slim and the market may continue to punish timid investors.
In the past 12 hours, the following important events occurred in the cryptocurrency market: News Overview: - $DOGE: Trump announced in a statement that Elon Musk and Vivek Ramaswamy will lead the U.S. Government Department of Efficiency (DO .GE). This news boosted the attention of DOGE.
- USDT: In the past 12 hours, the net inflow of USDT exceeded 1.3 billion US dollars, setting a record high, showing the strong demand for stablecoins in the market.
- $ETH: At the DevCon conference, Justin Drake proposed a reform initiative called "Beam Chain". The project's roadmap plans to start research and development in 2025 and test it between 2028 and 2029.
- $GOAT: Goatseus Maximus ($GOAT) became the first PumpDotFun MEME coin with a market value of over $1 billion, attracting widespread attention.
- $TRX: Tron ($TRX) broke through its historical high and reached its highest market value level since 2021, marking its recovery in the market.
- $MOCA: Animoca Brands announced an additional $10 million for its Mocaverse project, with investors including OKX Ventures and Hongshan (formerly Sequoia China).
- $JOE: LFJ (formerly Trader Joe) launched its new Token Mill platform, which is LFJ's version of PumpDotFun, attracting new investors and users.
- $STRK: Starknet announced that it will launch the first phase of $STRK staking on November 26, and the progress of the project has attracted community attention.
- $APT: Bitwise announced plans to list the Bitwise Aptos Stake ETP (APTB) on the Swiss Exchange on November 19, bringing new liquidity to the Aptos ecosystem.
- $HBAR: Canary Capital has filed an S-1 filing for the Hedera Spot ETF with the U.S. Securities and Exchange Commission, marking further development of the Hedera ecosystem.
These important events show the dynamic changes in the cryptocurrency market, attracting investors' attention, while also driving the rise of certain coins and projects.
Yesterday, the market experienced a pullback. Although Bitcoin performed relatively strongly, altcoins fell back significantly. Currently, in the market, $BTC and $DOGE are still the main characters, while other meme coins are yet to be observed to see who can maintain strength. In the pullback last night, meme coins like $pnut, $neiro, $act, $pepe, and $bonk performed relatively well, with some coins hitting all-time highs and others showing a V-shaped rebound. A pullback is the best time to enter the market. One of the rules of a bull market is that pullbacks are always the best buying opportunities. Remember, do not blindly leverage or open contracts; first, ensure the safety of your principal, and making money will naturally follow.
Particularly worth noting is $pnut, which is likely to become a hot meme in the market soon. Musk's remarks have given Peanut Coin ($pnut) greater recognition. He mentioned, "Squirrels and memes saved America," which undoubtedly opens up greater upward potential for $pnut. Based on this logic, the market cap ceiling for Peanut Coin has been redefined, and an FDV (Fully Diluted Valuation) of over 1 billion is not excessive.
1) Market Trends: Bitcoin is fluctuating at a high level, while altcoins are generally declining. Contract rates once approached historical extremes, and significant adjustments are expected in the next 1-2 weeks. The US stock market has seen a pullback, and Trump's policy trading is gradually receding. The US dollar index has risen to a six-month high, and Trump announced a 20% tariff increase on all imported goods.
2) Market Hotspots: - Dog-themed meme coins: Such as DOGE, BONK, FLOKI, NEIRO, WIF, etc., are performing strongly. Musk has been appointed as the head of the government efficiency department (do,g,e), and DOGE's market cap once soared to $60 billion, significantly rising within a month, surpassing a market cap of $300 million. Funds are flowing out of the leading currency DOGE and rotating into lower-ranked coins, similar to the previous rise of PEPE, which later rotated into PEPE2, BABYPEPE, PEPECOIN, etc. - SBR surges: SBR is an abbreviation for Bitcoin Strategic Reserve movement, gaining market attention and rapidly increasing. - Old coins rebound: Established coins like XRP, XLM, TRX, etc., are experiencing a rebound, which may be a sign of overheated market sentiment.
1. This adjustment is relatively stable sideways consolidation, with Bitcoin pulling back about 10% from the top (around $81,000). Personally, I believe a pullback of about 6% (approximately $84,500) would be about right.
2. During this round of adjustment, or after the adjustment is completed, it is highly likely that there will be a phenomenon of sector rotation.
3. The previous MEME trading logic has been influenced by external market factors and differs from on-chain performance, and there may be stronger continuity in the future.
4. It is worth paying attention to the market performance of ESB, and also to keep an eye on the trends of low market cap altcoins.
The past 8 months have been quite eventful, looking back:
In March, I went to the Rolls-Royce dealership to look at cars, thinking about changing my vehicle; In April, I ran to the Maybach dealership to take a look, feeling that car had quite a vibe; In May, I checked out the Panamera, still considering if this one was more suitable; In June, I turned to Mercedes to see if I should consider a more economical option; In July, I suddenly thought the cars I had seen before were quite nice, and I started to hesitate; In August, I began to wonder what price I could sell my current car for; In September, I talked with my girlfriend, suggesting she withdraw her savings to try investing in some Bitcoin, thinking there might be an opportunity; In October, I told myself that the bull market was coming soon, and I must not waver, I have to hold on; Now it's November, and Bitcoin has risen to 90,000, these past few months have really been quite a hassle!
Now I think, I might either change my car or wait a few more months, are you interested in going car shopping together?
Today's market performance can be viewed from the following aspects: 1. The Rise of the Old Ecosystem Led by DOGE: Today's market trend has undoubtedly been driven by DOGE, the leading old meme coin, with the popularity of traditional meme coins like SHIB, BONK, PEPE continuing to rise alongside DOGE's increase. The market response has been strong, and trading volume has surpassed many mid-tier ecosystem projects.
2. Emerging Ecosystems Make Their Mark: In addition to traditional meme coins, the performance of some secondary and new ecosystem coins has also been noteworthy, with astonishing growth and continuous increases in trading volume, even surpassing some mid-tier ecosystem coins, demonstrating the market's strong interest in emerging coins.
3. Competition Between AI and Meme Ecosystems: Although AI-related tokens and ecosystems have shown some performance, considering that projects like Luce have also achieved significant success, the potential of these meme coins cannot be ignored. Market hotspots still revolve around SOL and meme coins, while AI-related coins launching today may also be influenced by external factors such as Nvidia’s earnings report.
4. Embracing and Responding to Market Trends: Current market development trends indicate that meme coins remain mainstream, while the AI concept, despite its performance, has not triggered greater increases like meme coins. In this situation, if investors want to keep up with market trends, they should actively embrace the trend of meme coins instead of getting overly caught up in market capitalization. Based on the current market situation, the total market capitalization of meme coins has reached 123 billion, which, while appearing lower than DOGE's market cap, is actually not expensive.
5. Strategy and Mindset: If you have not yet entered the meme coin market, there is no need to be overly anxious, as more opportunities will arise in the future. If you missed out on making money this round, it may be time to adjust your mindset, relax, embrace life, and wait for the next opportunity to come. Overall, the current market is full of opportunities, especially led by meme coins, with a clear and strong trend. For investors, it is important to grasp the major trend and flexibly adjust strategies according to market developments.
#加密货币总市值破3万亿美元 I am a detective, a fresh blogger optimistic about the future of the crypto space, determined to help my followers succeed, you can follow me, General Gong: Qiqi Talks Coins, let's get into the circle together!!!
Top Ten Wealth Beneficiaries After Trump's Victory
1. Elon Musk Besides Trump himself, Elon Musk is undoubtedly one of the biggest winners of this election. Tesla's stock price has increased by 60% in the past month, with a market capitalization surpassing $1.1 trillion. Musk's personal wealth surged by $70 billion, reaching $335 billion (approximately 2.3 trillion CNY). 2. Larry Ellison (Founder of Oracle Corporation) Although Larry Ellison did not publicly support Trump, he had donated to support Trump through a Super PAC back in 2022. After Trump was elected, Ellison's wealth surged by about $18 billion, bringing his net worth to $204 billion (approximately 1.4 trillion CNY).
Recently mentioned $PEPE, a few days ago the price was around 12, and now it has broken through the strong resistance zone on the 4-hour chart. If the price retests and does not break 13, it can basically confirm a breakout at the daily level. Next, the price may test the previous high area of 17. If funds continue to flow in, breaking through 17 is just a matter of time.
Currently, hot money is flooding into the market, and any buying opportunity seems to have room for profit, so there is no need to worry too much about the price being too high; missing the opportunity may lead to more regret.
According to monitoring data from Arkham, the Mt.Gox address has recently conducted 5 Bitcoin transfers, totaling 37,897.965 Bitcoins, with a total value of approximately $2.62 billion at the time of transfer.
The specific transfer details are as follows: - October 31: Transferred 526.952 BTC, approximately $37.14 million; - November 1: Transferred 500 BTC, approximately $35.04 million; - November 5: Transferred 32,371 BTC, approximately $2.19 billion; - November 5: Transferred 2000 BTC, approximately $136 million; - Today: Transferred 2500 BTC, approximately $222 million.
These Bitcoin transfers are usually related to repayments to creditors of Mt.Gox. It is noteworthy that last month, Mt.Gox announced that the originally scheduled repayment date would be postponed from October 31, 2024, to October 31, 2025. Mt.Gox was established in Tokyo in 2010 and was once the largest Bitcoin exchange in the world, but it suffered a security breach in 2014, resulting in the loss of at least 850,000 Bitcoins. Thousands of creditors have been waiting for the return of their Bitcoins.
2024.11.12 Bitcoin/Ethereum/BNB/SOL Intraday Market Analysis Good afternoon everyone! I just saw that Bitcoin has already broken through 90,000, and the increase is really fierce. In the past few days, Bitcoin has been rising instead of falling, without giving any opportunity for a pullback. This wave of increase is too strong, and many people haven't adapted yet, not knowing whether to short or miss out. In fact, this market trend is just Bitcoin's bull market, and every time it refreshes its new high, it constantly challenges the understanding of retail investors.
The big drop last year and this year has made me remind everyone: allocate half of your positions in Bitcoin, and now that Bitcoin is rising, it can compensate for the previous losses in altcoins. It's okay if you missed out; the key is to understand the importance of Bitcoin, seize the upcoming opportunities, allocate in spot trading, hold for the long term, and easily enjoy the rising dividends! I also transferred my Bitcoin from the cold wallet to the exchange, and earned along with the mindless rising market, it feels really good!
Today's Market Analysis: - BTC (Bitcoin): If Bitcoin continues to rise today, pay attention to the previous high of 89,800 USD. If it breaks through, the price may continue to rise. If there is a pullback today, the support level to watch is 87,765 USD. If it does not break this position, the market remains bullish. If it breaks this support, a 1-hour level correction may begin, with support levels at 86,620, 85,210, and 83,950 USD.
- ETH (Ethereum): Today, focus on the 3,333 USD position for Ethereum. If it stabilizes at this position at the 1-hour level, it is very likely to continue to surge. The target levels above are 3,373, 3,395, and 3,431 USD. If it breaks the 3,333 USD support today, it may start to pull back, with support levels to watch at 3,293, 3,248, and 3,219 USD.
- SOL (Solana): Today, focus on 219.7 USD for SOL. If it stabilizes at this position at the 1-hour level, it is expected to continue rising. The resistance levels above are 224.4, 230.7, and 235 USD. If it breaks below 219.7 USD, a pullback signal may appear, with support levels around 215.4, 211.5, and 207.7 USD.
- BNB (Binance Coin): Today, pay attention to 646.7 USD for BNB. If it does not break below this position at the 1-hour level, it may continue to rise. The target levels above are 660, 667.3, and 672.9 USD. If it breaks below 646.7 USD, it may trigger a pullback, with support levels at 638.5, 628.6, and 616 USD.
#BTC The last wave of frenzy in the market, the current market sentiment dominates everything. Although the overall economic environment is not optimistic, the sentiment-driven rally remains strong. However, this sentiment-driven rise may not last long.
Currently, only a few assets have broken through historical highs, while most altcoins struggle to surpass previous peaks. During this rebound, it is advisable for investors to appropriately reduce their positions, adjust their holdings, and reassess asset allocation.
In a saturated market, those few high-quality assets that can stand out will ultimately prevail. After a diverse competition, only a few mainstream coins may survive in the long term. #牛回速归,晒晒你的持仓? #BTC连续破新高,你看到多少?
Analysis of the Potential of Mainstream Meme Coins like $DOGE
I. The Influence of Musk and Trump Believe in opportunities and seize the trends. $DOGE may be stronger in this round of market than before! As the second most powerful coin after BTC, $DOGE has attracted a large number of investors. Among those who understand its potential, some may choose to increase their positions with $1 million at $0.26, while those who do not understand it do not need to discuss its future potential too much. The first target price for $DOGE is $1. At the same time, $Pnut may also see a significant rise after a washout, expected to drive related animal protection legislation and receive support from figures like Trump and Musk. These key events during the election period may become a driving force for market flow. As one of the presidents in American history who valued spreading the gospel, Trump's support in family education and faith may also have a positive impact on coins like $Pnut.
Bitcoin reaches a new high, breaking 89K! Every market cycle is like this: some people are busy chasing highs and cutting losses, while others choose to quietly hold their positions and wait for returns.
What is there to be anxious about? In a bull market, you can't sleep because you're worried; in a bear market, it hurts so much that you want to cry. But in the end, the ones who really make money are often those who 'don't make any moves.' The most successful trades are usually the most uneventful.
Stay steady, hold on to your positions, close your eyes and relax. The strongest trades are often the most boring. PS: When will chain games come? Currently, most of the large positions are focused on chain games, and the rest can only continue to dollar-cost average into Bitcoin.
DOGE (Dogecoin) has been a strong performer recently and has become one of the market's focal points. As the price of Bitcoin continues to rise, briefly breaking through $81,800 and stabilizing around $81,000, Dogecoin has also been positively affected. In particular, the cryptocurrency market has generally seen a bullish rebound after Trump's election, with DOGE seeing an astonishing rise last week, soaring more than 95% and rising nearly 30% in the past 24 hours.
In addition to its own technical characteristics, Musk's continued support is also an important factor in the attention paid to Dogecoin. His tweets and public remarks have provided a strong impetus for the price of DOGE, even pushing it to the sixth position in market capitalization at one point, surpassing many traditional stablecoins such as USDC. Recently, the price of DOGE broke through $0.29, setting a new yearly high, further stimulating the market's bullish sentiment.
However, Dogecoin is highly volatile, especially after a relatively sharp pullback on Sunday. Nevertheless, for those investors who started to deploy DOGE a few days before the election, this rebound has obviously brought them considerable returns. In the future, whether DOGE can continue to maintain its strong upward momentum still needs to pay attention to the movements of key figures such as Musk, as well as the overall market sentiment changes.