In the morning, the market first experienced a small-level rally, peaking at 101400, then quickly retraced, falling below 100000 again. Many altcoins are also retracing, which presents us with an opportunity. When there's a pullback, it's time to add positions and get on board.
What I'm saying here is not to buy Bitcoin. If you have a lot of money, of course, you can buy it. However, the current market position is already very high, and for it to explode again, it will have to wait until Trump is in office. But after he takes office, there will be a rally followed by a quick retracement because as the year-end approaches, people need to sell coins to cash out for New Year's purchases. After the holiday, it may rally again.
So now the potential for Bitcoin is limited. You might consider buying some currently popular altcoins and leading sectors. By the time of the New Year, there should be considerable gains. During years of decline, you can sell a small portion, and after the New Year, you can add to your positions.
The bull market may unleash 20-100 times the potential of four mainstream altcoins, which are worth staking!
ENA
Two important events were recently announced: one is a stablecoin in cooperation with BlackRock that will participate 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 leveraging 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; since this bull market lacks a breakout concept, ENA's utilization of market arbitrage positions, the entry of traditional funds, and the demand for stable returns during the bull market will make it the standout player!
SOL
Trump's appointment of David Sacks as the AI and crypto czar indicates formal recognition of the crypto space in the US, which suggests that the likelihood of previous SEC troubles will be greatly reduced moving forward. Additionally, the previous ETF spot review system will no longer be used.
The SOL spot ETF has been put on the agenda by Grayscale, with results expected as early as Q1 2025, boasting a probability of over 90% for approval. Although SOL hasn't been particularly prominent in recent days, with XRP and BNB stealing the spotlight during their new highs, its market cap is still substantial. A full explosion may have to wait until January. If SOL's ETF application is approved next year, it won't be long before we see SOL at 1000 USD each.
DOGE
The next significant rally should arrive soon, with a minimum target possibly reaching 1 USD, and even a surge to 2 USD wouldn't be surprising. Once DOGE starts this massive rally, the entire meme coin sector's adjustment phase will end, leading to a crazier market wave expected to start around mid-December. The entire market may welcome a new wave of enthusiasm, with DOGE and other meme coins' performances being very noteworthy!
If a DOGE ETF is launched, the price could soar over 50%. In January, a potential surge due to Musk's appointment as DOGE department head could lead to a new high on January 20. This is a good time for retail investors to accumulate positions, as the ETF application news itself has speculative value that stimulates price increases.
Sui
Sui continues to reach new highs and is set to become the next Solana. A target of 10 USD per unit in the bull market is not unreasonable. More and more Solana developers are migrating to the Sui ecosystem, starting with Solend/Suilend, and now Phantom. Phantom will enhance its support for Sui, boasting over 7 million monthly active users and supporting multiple chains, making it the largest wallet on Solana.
The popularity and active users of SOL, the future of SUI seems like a vast ocean. Who will it be next? The feeling of investing in SOL is growing stronger.
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