On the macro front this week, the U.S. will announce the unemployment rate and ADP employment data for November, as well as new non-farm employment data for November. The Federal Reserve will release its Beige Book on economic conditions, and Powell will be interviewed. CME shows a 65% chance of a 25bps rate cut on December 18, with a 34% chance of maintaining the current rate.
Currently, BTC's dominance is declining, and the altcoin season may be approaching.
This round cannot be viewed according to past expectations. XRP, as one of the top five tokens by market cap, surged more than five times in five weeks, surpassing Sol in no time! It's really hard to imagine that an old mainstream would be so aggressive, and the hype is about the future currency form of the US government!
Other old mainstreams are also quite strong, with XLM, ADA, and old Defi also opening up.
The new coins, including strong AI, RWA, and meme coin series, have been fluctuating continuously, showing no signs of stopping. Perhaps this round of altcoin bullishness is just this kind of pattern, and Bitcoin's market share has dropped from 60% to 54%.
Let's take another look at the situation of altcoins.
Last night, CB launched Moodeng, reigniting the meme enthusiasm, while the market is also FOMOing over $PNUT, which was previously featured in a picture by CB on Instagram, leading the market to speculate that it will definitely be listed on CB soon.
Today ONDO rose over 40%. We advised everyone to accumulate ONDO back in August, buying the dip and holding for the bull market as a long-term asset. It was at 0.6, and now it's almost tripled!
With the $ONDO ATH in the RWA track, this sector will continue to exert strength, and currently, the depin game sectors have not shown much strength, which everyone can also focus on.
Overall, the funds driving this bull market mainly come from the United States.
Whether it's the spot ETFs for Bitcoin and Ethereum or institutional applications for XRP ETFs, XRP has surged dramatically.
Coinbase has also launched Moodeng. It can be seen that the recent wealth-creating effect in the market is very strong, and the FOMO sentiment among American investors has also risen.
From the current trend, the altcoin season has already begun to explode.
Altcoins are starting to surge wildly, ADA has increased several times, even garbage like EOS is rising. It can be said that this is a money-grabbing market.
For us ordinary retail investors, we just need to sit tight and hold on, avoid changing vehicles casually, set up ambush positions early, and hold coins waiting for the price to rise.
The main capital is clearly returning to value, focusing on how blockchain transforms traditional finance and the real world. The main areas include:
The main capital is clearly returning to value, focusing on how blockchain transforms traditional finance and the real world. The main areas include:
1. Payments and RWA: XRP, XLM, ALGO, ONDO
IN: JASMY, XYO, HNT
4. Other public chains: ADA, AVAX, ICP, NEAR
From MEME to value return, this trend is sustainable.
Which sector will the next wave of altcoin trends converge upon?
The RWA sector has also welcomed an explosion today, taking the last baton, with a daily increase of over 40%.
As Trump wins the U.S. election, the heat of the crypto market continues to rise, and the RWA track is heating up with the overall rise of the crypto market, attracting many giants to actively lay out. In the context of gradually clarifying regulations, the industry's enthusiasm for tokenization is growing.
➜$ONDO
The real RWA star that has landed, trading with the same Wall Street market maker as Sol Tia, backed by BlackRock.
Ondo is building the next-generation financial infrastructure to enhance market efficiency, transparency, and accessibility.
➜$RSR
Reserve Rights is an ERC-20 token that plays two key roles in the Reserve protocol.
RSR is not just a governance token. In the case of collateral token default, it can also serve as a safety net for RToken holders.
➜$TRU
Currently, its market value is only $180 million, and it is in full circulation. The trading volume has gradually increased over the past few days, indicating heightened attention from funds.
TRU coin, as an emerging hotspot in the RWA concept, shows strong growth potential in both liquidity and fundamentals. It has received investment from a16z, and the founder's background adds to its credibility. In the current market environment, TRU coin is expected to become a new favorite among investors.
➜$POLYX
DEFI + RWA dual attributes, dark horse, POLYX has Binance investment background.
POLYX is an institution-level permissioned blockchain built specifically for RWA.
The weekly chart has not yet entered strong resistance, but there is a synchronized upward trend.
➜$RIO
Realio Network is an end-to-end platform based on blockchain, designed for the issuance, investment, and management of digital securities.
Its unique infrastructure combines the advantages of traditional finance and decentralized finance.
The project has SEC proof, and its future ceiling is quite high.
That's all, wishing everyone a big profit in December.