The US election 🇺🇸 is counting votes🔔

Election update: According to the Fox News website: 29 states have announced the results!

🔴Trump currently has 178 electoral votes

🔵Harris currently has 113 electoral votes
Trump is currently leading by 65 electoral votes and nearly 3.5 million votes

This rebound's strength depends on which coin has a strong backing:
$Hype $Usual $Cow $Sui $Move

Among them, $Hype directly reached ATH, it's too brutal, one can't help but be a bit impressed.

$Usual released a new partnership announcement, indicating a strong intention to collaborate with all stablecoins, leading to a fierce rebound in price.

$BGB, which follows a similar path, has had a slightly weaker rebound, let's see if it follows suit tonight.

However, during this major drop, some high-quality assets on the chain basically didn't drop much. Just now, bn added a bunch of quality AI contracts, it seems that more energy will need to be shifted to chain activities in the future.

Many people have lost their chips again;
A large number of voices calling for the top have begun to appear online again;

In this cycle, there may be only one type of person who can hold on to the chips:
Those who understand that the crypto market is not only rising by incremental liquidity, but also the optimal asset choice in the pool of stock funds;

Only those who understand the selection value of crypto assets in the stock funds of this cycle can understand that the purchasing power of cryptocurrencies is getting stronger and stronger in the overall US dollar liquidity comparison, and can hold on to the chips without fear of callbacks;

This is less than 1% by visual estimation;

Among this 1%, perhaps only 1% of people can understand that Memecoin will show the ability to siphon stock in crypto assets in the future;
This 1% of 1% can not only take out chips, but also get real excess returns;

I believe many people have the same question as I do: I really don't understand why ORDI keeps falling, constantly falling.

Firstly, it has such a large trading volume, and the contract volume is not small either, plus it is a major player in the BTC ecosystem. How can it keep falling?

There are so many people working hard in the entire BTC ecosystem, and so many project teams are developing. How could it possibly keep falling, to the point where its market value is even lower than PI?

This is not just a meme coin; it is also an innovative project at the level of its track. How did it end up like this? Even if it is a meme coin, after all, it is the first one on BTC. Logically speaking, it shouldn't be like this, right?

ORDI is on fire, and everyone starts speculating on SATS, claiming they want to seize the lead;

GOAT is on fire, and the East starts working on ACT, while the West has released FARTCOIN;

VIRTUAL is on fire, and immediately various AI-related projects pop up.

As a result, retail investors are worn out from chasing, and in the end, they are left with nothing but rags.

PVP games have been conspired to scale. If you want to operate simply, you can only focus on those top-tier, visionary people and projects.

Previously in the strategy, I did say that the rampant altcoin season had not yet arrived, but I didn't expect the adjustments in the altcoins to be so severe.

Most altcoins have fallen back to the point where BTC started to rise, with Pnut and ACT being among the top few in terms of decline.

I initially anticipated that there might be a slight pullback around Christmas, but thinking that the bull market had already arrived, I decided to hold my positions long-term and did nothing.

As a result, I didn't expect this pullback to be so harsh; it was downright deadly.

There is actually a logic:

Last year, the inscriptions on BTC (like ordi, sats) were the most profitable because Binance launched these projects, driving up the inscription market across various chains.

Looking back now, I still have some inscription projects on the BNB chain. This year, the hottest profit effect is in the meme coins on the SOL chain, and Binance has been actively listing meme coins on SOL recently, igniting market sentiment, especially for meme coins.

In fact, there were quite a few meme coins on the BNB chain that started to sprout during that time, and many high-quality meme coins came out then; people can take a look at the cycle.

However, later on, Binance continued to push meme coins on the BNB chain, originally intending to promote the development of the BNB chain, but the market did not respond as expected.

Therefore, the overall market for meme coins has started to decline. So where exactly is the problem?

How to Seize New Coin Opportunities: Practical Cases and Beginner Tips

Case Study: A Demonstration of Quick Doubling

You see a newly listed token on Binance, priced at $0.05. As the token starts to rise, you decide to invest $15. With increasing market enthusiasm and demand, the token's price skyrockets to $0.40. Your investment successfully achieved an 8-fold increase, from $15 to $120.

A Few Tips for Beginners:

1. Stick to Your Strategy, Control Your Emotions: Never frequently change your trading plan due to short-term fluctuations; greed can lead to losses.

2. Diversify Investments to Reduce Risks: Do not put all your money into one project; diversify your investments to avoid significant losses from one project's volatility.

3. Always Pay Attention to Market Trends: Policies, news, or the movements of large institutions can instantly change market trends; staying close to the hotspots will help you seize opportunities.

What do you think?

After last night's big drop, we can see what is a value coin, high-quality altcoins, and junk coins. The following is the classification:

BTC, ETH, SOL, and BNB, the four kings, didn't drop much. (Value coins)

BGB (dark horse coin + value coin) not only didn't drop but also surged! Equivalent to BNB in the last bull market.

There are also a very small number of coins that didn't drop much, such as: OM, ENA, ONDO, RAY, USUAL, HBAR, SUI, AAVE, XRP (high-quality altcoins)

99% of altcoins plummeted and fell apart! (Junk coins)

Now everyone knows how to buy coins in the future!

I want to buy the dip, but I always feel like something is missing.

Yesterday's decline was indeed related to the Federal Reserve's speech, which mainly mentioned two points: lowering interest rate expectations and not making BTC a national reserve.

However, I think the first point should have been anticipated by everyone, as the pace of economic recovery is slow, so the expectations for rate cuts naturally need to be adjusted. But the sharp drop in the U.S. stock market in one day exceeded expectations, which surprised me a bit. I believe the key is the second point.

The statement “not making BTC a strategic reserve” feels like a signal, implying that there is a force stepping up, unwilling to actively cooperate with Trump's policies. This is just the beginning; before Trump even takes office, he has already been given a “warning.” You could say such things later, or not say them at all; why choose to say them today?

I feel that the panic exit of funds is still largely due to worries about the uncertainties in future political struggles.

Combining my analysis of Trump's policies yesterday, I am more inclined to wait for 1-2 weeks of fluctuations, and then return to the market in mid to early January.

When playing with altcoins or meme coins, there are quite a few challenges to capturing trends:

Early trends are hard to detect: The initial price increases and volatility are often masked by fluctuations in other sectors, and by the time you realize it, the leading coins may have already surged several times.

Too many imitators: Once a leading coin emerges, a wave of imitative or conceptual coins follows. With so many options, there’s hardly any time to properly research them.

Capital rush: Funds start pouring in wildly, especially those that missed earlier opportunities, chasing after these duplicates, resulting in a very chaotic market where the real trends are obscured.

Trends are not a straight line: The progression of trends is not smooth sailing; there are often pullbacks that might make you feel like "is it about to crash?"

Impact of market makers: Operations by market makers like WinterMute often make you doubt your own judgment, throwing your mindset off balance.

Timing is difficult: Not every emerging concept will attract funds; it may take a long time to enter the mainstream. If you position yourself too early, a wrong move could lead to significant drawdowns.

The market is complex: When the market is hot, multiple players in various sectors are stirring things up, and the overlapping waves can make it particularly difficult to discern which is the real trend.

Trends vary in strength: Even if you catch a trend, it may only be a minor one, and after much effort, the returns might not be significant, leaving you feeling exhausted without much gain.

Today, I want to tell everyone that capturing trends is truly not an easy task. In the future, when there's an opportunity, we can discuss how to tackle these challenges.

The cryptocurrency market fell along with the US stock market. I didn’t get the rising part, but I got all the falling part. It was really difficult.

Yesterday’s Alpha trading on BN was essentially news-based for me, and I was very good at it. The main thing was to buy a few more, and when the time came, no matter whether I guessed it right or not, I just closed the position.

However, the second wave of the market was all DeFi plus high-market-value meme coins, which I really didn’t guess.

As more and more operations are made, the effect becomes smaller and smaller, and you must run faster. If you can’t run, don’t play it.

In fact, this strategy is a bit out of touch with the masses. I feel that CZ is still "stupid" this time, which is completely different from the way he pulled the market on Neiro before.

There is nothing else worth talking about. Take it one day at a time, and they are basically temporary small opportunities.

I don’t know how much money everyone has made in this year’s market. There was a wave at the beginning of the year, and then it fell back for 6 months, and now there is another wave.

In general, if you don’t make money now, but lose a lot of money, you may have to reflect on whether your strategy is wrong.

The market is good, and there are more and more project parties issuing coins. Don't fantasize about meeting the next hype. Don't take 99% of them, they are all garbage.

The probability of picking gold from these garbage is too low.

Look at the VC projects launched during this period, which are no different from those in the first few months of the year. It is better to directly do BNB current account = mining K, at least you can get some airdrops, then sell these garbage, and continue to do BNB with compound interest.

Anyway, the profit of BNB in ​​2024 is quite outrageous, if you keep holding and compounding.

Really don't touch the altcoins anymore, ordinary people can't handle it at all.

This altcoin season was lively for a few days, and it was basically buried.

Now in the currency circle, don't always expect to pick up money. As more and more elites enter the market, making money has become more difficult.

Just make a little, and run away. Keep a farmer's mentality, make a little money, and accumulate funds slowly.

That's it.

To summarize, here are the top 20 market cap cryptocurrencies to consider:

Four Major Players: ETH, DOGE, SOL, BNB

Four Established Coins: ADA, LTC, BCH, BSV

Four Leading Coins: ATOM, DOT, FIL, UNI

Layer 2 DeFi: NEAR, OP, ARB, INJ, SSV

For specific prices, you can enter the market with 30% at the current price, then buy another 30% if it drops 5 points, and 40% if it drops 10 points. Enter in batches, and trust that this position is relatively safe.

ETH's continuous net inflow can't hold up; BN has launched 8 spot assets in the past half month, adding all sorts of things and draining liquidity completely, resulting in a direct collapse of altcoins.

From a technical perspective, ETH is currently testing the major trend line, with a key support level in place, and this pullback is nearly over. From last night until now, it's been like helping an old lady down the stairs, with three waves of declines, and it should be about over now.

The liquidity of altcoins was already poor, and with a bunch of overvalued junk coins tying up funds, it has completely drained liquidity, making it impossible to assess. Now we can only wait for a rebound.

Hype is a contract trading platform, and GMX is too. GMX has a market cap of 300 million, so by this comparison, Hype's price should be $0.3.

Hype is going to launch a public blockchain, and the market cap of public blockchains generally ranges from several billion to tens of billions. If we include the valuation of the public blockchain, Hype's price should be between $1 and $3.

The above is someone else's valuation. From this perspective, my average purchase price of $24 may drop by 98.18%. Don't enter the market just because of the FOMO I posted; it would be more prudent to enter around $3!

The performance of the FUEL airdrop was slightly worse than expected, but it was still okay.

If you have a top-tier NFT, it's really a guaranteed profit, with a single address able to receive over 20,000 tokens. However, addresses with NFTs are not doing as well, with significantly lower returns.

Addresses that engaged deeply with the ecosystem received over 5,000 tokens in airdrops, and those that experienced the entire ecosystem earned even more, especially since gas fees were almost free.

If you simply deposited 200 U for the first phase and then crossed over to the second phase without moving, you could receive over 800 tokens. Moreover, those who came early in the first phase had returns of at least 50%, while those who came late could only claw back by aggressively pushing for points in the second phase.

I didn't participate in the testnet activities; the requirement was to be active after the 16th, and as a result, most script users got clawed back, while a few studios that kept running were quite happy.

The main focus was on clawing back those who deposited later and those who participated in the testnet. The reality is that most airdrops still go to depositors, which has caused a lot of dissatisfaction. If the ecosystem interaction is given higher weight, it will be labeled as insider trading. Overall, when you are desperately trying to engage in ecosystem interactions, airdrops still favor deposit addresses; yet, when you want to sit back and earn from deposits, the airdrops go entirely to addresses with deep interactions.

This time, the 1 billion airdrop was distributed among 200,000 addresses, and everyone thought they could at least get 5,000 tokens, but in reality, there was no equal distribution; it directly resulted in a significant wealth gap, with some suffering from floods and others from droughts.