BlackRock's spot Bitcoin ETF reached $33.2 billion in assets in just 10 months, officially surpassing its gold ETF asset scale. Today, the highest price of Bitcoin reached $81,730, continuously breaking historical highs. Since Trump's successful campaign, a large amount of traditional funds has begun to enter the market rapidly. This aligns perfectly with the predictions made in previous posts. Now, let's review the recent popular cryptocurrencies.
As one of Trump's biggest supporters, the world's richest man Elon Musk's favorite cryptocurrency is Dogecoin (DOGE). The price surged by about 100% within a week after Trump's victory. As Trump officially takes office in January, DOGE's price is expected to accelerate. Currently, DOGE's price is around $0.294. The medium-term target for DOGE is to charge towards the weekly resistance high of around $0.6.
Most of the dark horses in this bull market's MEME coins were born on the SOL chain. As one of the hottest public chains this bull market, SOL's price has already surpassed its yearly high, reaching around $215. Just today, a certain whale has increased its holdings by 7,500 SOL. This whale has now accumulated a total of 257,599 SOL, worth $54 million. I predicted long ago that SOL would break historical highs in this bull market, with prices expected to reach over $400. Currently, there is still a small distance to the historical high of $260, but the market is in the peak bull market initiation phase, and with the current price at $210, SOL still has about double the potential for price increase to reach over $400.
As one of the dark horses in the MEME coin concept of this bull market, PEPE has seen an increase of about 60% in the past week. After reaching its historical peak mid-year, PEPE's price underwent a long decline, causing significant losses for many investors who chased the high points. However, after last week's surge, PEPE's price has returned to a mid-level position. It's important to note that the hottest segment this round is the MEME coin sector. Therefore, as this year's dark horse in MEME coins, PEPE is expected to continue showing good gains. I have also shared multiple times that during this bull market, one should avoid old altcoins that have been around for a long time, such as the once-popular OMG, which has also been delisted on Binance. In contrast, new popular coins from recent years may have significant drops during corrections, but they also rise quickly. The reason is that they have momentum. They won't face the same fate as old coins, which could remain stagnant even as a major bull market arrives, continuously breaking historical highs.
In recent days, everyone has made a lot of money. During the downturn, I advised friends with full positions to hold steady, while those without positions should buy their desired coins. We have finally endured the pain of waking up every day to see our holdings in a miserable state. But still, as I said, the best is yet to come; hold steady and wait for the peak bull market to arrive.
The WeChat fan group and spot trading member group are still open. There are still plenty of opportunities to get in during the initial phase of the bull market peak. I would also like to thank both new and old members for their support!
