After Bitcoin's spike and pullback yesterday, it rebounded and consolidated. Last night, the U.S. non-farm payroll data was below expectations, indicating a poor economy that urgently needs interest rate cuts and monetary stimulus to revive the economy. Bitcoin rose and returned above $100k overnight.
After 9 months, ETH successfully stands above $4000.
Although Ethereum moves slowly, its structure is still good. Yesterday's surge also boosted DEFI and some Ethereum ecosystem coins. Ethereum faces short-term pressure at $4100, and once it surpasses $4100, it will challenge historical highs.
Ethereum's breakthrough also means that the full blast of the altcoin season may be coming soon. The projects we have ambushed are likely to see another wave of rotation and price increase. The explosion of altcoins must occur on the basis of Ethereum's rise.
In the upcoming market, the era of Ethereum sector is about to arrive. As for the coins in this sector, LDO, OP, ENS, SS, ETHFI, W, in the short term, the potential and strength are still mainly with ENA, while the others are either still carrying bear market genes, or face heavy selling pressure, or have poor coin quality!
This week I feel that the cryptocurrency market has just entered the second phase of this bull market: Altcoin Frenzy!
The theme of the first phase was BTC and Memes. 80% of people in the circle are not making money, as few new retail investors who entered during the last bull market hold BTC. The Memes mainly benefited the project teams and KOLs with community CX capabilities.
The expectation for the second phase is: the combination of Trump + Musk. Several landmark events need to be particularly noted:
First, Trump takes office on January 20;
Second, Trump fires the Fed's Quarles;
Third, Musk's Doge department is established and starts working;
Fourth, the implementation of various policies on cryptocurrencies by Trump, such as establishing a BTC reserve mechanism;
Besides BTC, which coins can be held long-term? Currently, it seems to be Musk's Doge and Coinbase (stocks) which has always supported Trump.
So what sectors can be invested in? From XRP's surge, it can be seen that it still needs to be close to real-world applications, so I am most optimistic about these three sectors: RWA, Meme, and AI! The ai16 mentioned a few days ago broke a new high today.
➜ $DOGE
Musk is about to start pushing Doge, strongly hinting.
Musk even changed the abbreviation of the new government department to (D.O.G.E), and his support is very obvious. It has high trading volume, good liquidity, and stable performance. Companies like Tesla have also started using DOGE for transactions. Its recognition continues to grow, giving it long-term potential. Musk's calls cannot be openly stated, this graphic illustrates that Doge is on the rise, aiming for $1.
➜ $HBAR
Although the market capitalization is large, it has applied for an ETF, and the founder's background is associated with Trump's team.
Collaborating with targets like $ADA, $XRP, it is still severely undervalued.
Providing solutions for industries such as pharmaceuticals, luxury goods, and automotive through leading hashgraph technology, partners include top companies like Google and IBM.
➜ $ENA
Decentralized finance (DeFi) projects based on Ethereum
Two important events recently announced by ENA:
One is a stablecoin in collaboration with BlackRock announcing participation in the makerdao competition;
The other is a deep collaboration with the largest on-chain options platform derivexyz to build options and structured products on USDe, uniquely utilizing Ethena's liquidity and USDe's composability to achieve new financial primitives.
ENA has the potential to become the biggest dark horse in this market cycle.
