Is a turning point in the crypto circle coming tonight?
At 9:30 PM, the CPI will be released. Currently, the market is generally pessimistic, expecting CPI to rise to 2.7%. Meeting expectations won't create negative news, but if the result is lower than expected, it will give a significant boost to the crypto circle. And do you know? Bitcoin has plummeted recently, but Wall Street ETFs are still increasing their positions, clearly seeing these declines as buying opportunities rather than selling peaks. So don't misjudge the current market. This drop is just to clear some leverage, and the consolidation will continue to rise. Also, there are indeed reasons for the crypto circle to rise recently because the Fed will lower interest rates next Thursday, which should be a turning point. By the way, did everyone buy the dip last night? Don't give up your faith; the bull market has just begun!
However, I personally think that it will not affect the interest rate cut in December. Because the core CPI in November has basically not changed, the Fed should not react too much to changes in the broad CPI. Moreover, the unemployment rate has risen to 4.2%, and under these circumstances, a rate cut in December should be a reasonable choice.
Additionally, looking at BTC's own data, a large number of pre-election investors are starting to exit. Not only are short-term investors changing hands, but even long-term investors are showing significant signs of exiting.
The conclusion is that the market does have some panic, but it has not reached the point of breaking support. The support around $95,000 is quite strong, with no signs of it being broken. The next focus will be on the Federal Reserve's interest rate meeting on December 19.
Last night, the much-anticipated Microsoft shareholder vote on whether to invest in Bitcoin has concluded, with shareholders opposing the proposal to invest in Bitcoin, believing it does not align with long-term shareholder interests. In fact, it doesn't matter whether Microsoft invests or not; Bitcoin will rise to serve them, ultimately becoming fuel for price surges.
$MOVE also exhibited a volatile performance yesterday, with dramatic rises and falls. Its market cap soared to $14 billion at one point, then fell back to around $6 billion. Retail investors should avoid participating in the opening if they are unsure, even in a bull market.
Last night, $ME on OKX peaked at $20. If the airdrop had been claimed immediately, it would have been quite profitable, but due to server issues, when everyone finally received it, the price was around $6. Even so, it was still attractive.
Back to the market.
In recent days, the continuous pullback of altcoins on CEX has led funds to flow back onto the chain, with $ai16z leading the entire on-chain AI meme sector rising together. ai16z has today surpassed 8 in FDV, reaching a historic high, and its market cap has exceeded that of $goat and $act, the early leaders listed on Binance. Projects in the same sector such as $zerebro, $fartcoin, $aixbt, $ELIZA, and $bully have all risen by over 30%.
Last night, the newly launched AI Gold Dog $arc saw a daily trading volume exceeding $100 million, and its market cap also surpassed $40 million. Honestly, it's been several days since a big gold dog has appeared; this time it was a significant one, reaching $40 million in a day; aside from AI.
Meme, Musk has been obsessed with using Grok to produce various meme images these days, especially $pepe.
However, considering that Pepe is close to a $10 billion market cap, the growth rate is not too much. However, in a market where altcoins are collectively declining, this trend is still considered good.
Let’s talk about several new projects recently listed on Binance. The $move from the day before yesterday indeed had a full lineup, launching on Binance, CB, OK, and all Korean exchanges, resulting in significant price discrepancies across platforms.
The price once surged to $3, but has now fallen back to around $0.65. It can only be said that buying new coins in the secondary market now carries a lot of risks; if you’re not careful, you might be stuck for life.
Another star on Binance, $me, is relatively less volatile, peaking at $8, currently around $5, but this market cap of over $5 billion is still quite large. Among the same sector, $tnsr and $blur have market caps only a fraction of this size. The most eye-catching new coins on Binance recently are still their own chain's meme $koma, which is like $shib.
His son, this is the smallest coin listed on Binance recently, with a growth of over 20x in the last 5 days, and the wealth effect is the strongest recently. Other new coin contracts listed have had mediocre performances, aligning with the notion of funds flowing back onto the chain.
In summary, to achieve super returns in the current market, you still need to select coins with a market cap around $20 million. As long as you pick the right ones, it’s very easy to explode 10-20x. If you choose coins with too large a market cap, don’t expect to see 5-10x returns; consider it a stable investment instead.
Are inscriptions being abandoned by the market?
Yesterday, Binance web3 delisted the inscription market, and now it is the darkest moment for inscriptions; the secondary market has surged, while inscriptions remain stagnant. Runes have surpassed inscriptions, and more foreigners support them. The delisting of inscriptions from the Binance wallet raises the question: is it holding firm or giving up? Right or wrong can only be left to time!
The 'inscription market has been removed from the Binance wallet!' Now ordi and sats have both plummeted by 30%! They say the inscription track is over!?
You need to understand that the delisting of inscriptions from Binance wallet and the delisting of ordi from Binance are fundamentally different; one is a negative for retail investors, a positive for whales; one is the sky falling, and sometimes negative news is the biggest positive. Have you ever seen anyone buy inscriptions from the Binance wallet?
To put it simply: what you can see is what they want you to see. The real positives that we ordinary retail investors want to see are hidden from us. If we only look at surface news, anyone can interpret it, and in the end, only those who get cut will remain. We need to understand the deeper meaning behind the news and what they are planning.
Binance had used this trick on NEIRO before. From Binance announcing that FB would be listed on Binance Pool, the day before, FB suddenly crashed the market, and now ME is on Binance, all signaling the beginning of the layout for the big pie ecosystem. (Anyway, I'm optimistic about FB and PIZZA.)
XRP jumped 10%! Because Ripple's stablecoin RLUSD was officially approved.
Ripple's stablecoin $RLUSD has finally been officially approved by the New York State Department of Financial Services (NYDFS), announced by Ripple CEO Brad Garlinghouse on December 11 via social media.
Analyzing BAN PNUT SHIB.
Ban has been consistently accumulating at the bottom; the adjustment time has just been too short. The longer the adjustment period, the stronger the subsequent breakout.
The funds that Pnut is optimistic about are much more than those for Ban, so Ban has fallen below the important support level, while Pnut has basically not fallen below it, with more optimistic funds.
Can we buy PNUT now? This major pullback has not broken key levels, so it is still relatively safe. If you ask if it is particularly safe, it's hard to say, mainly because it hasn't experienced a long adjustment period.
The Shib of 2021 was like this, accumulating at the bottom, not rising or falling, washing for 6 months, and then it surged 20 times. This kind of trend is particularly safe.
Currently, both BAN and PNUT can be bought, but don't easily go in heavy unless you really have confidence. Diversifying investments is still very necessary.
AI Agent is soaring! ai16z and ELIZA break new highs, attracting FOMO investors.
The recent AI Agent surge is unstoppable! It should be driven by news of the $ai16z and Solana Foundation hosting an AI hackathon. However, by now, many AiAgents are becoming more like applications (utility tokens) rather than the early pure meme tokens. ai16z's market cap has soared to $800 million, setting a historic high. ELIZA has also performed well, with a market cap exceeding $60 million, also reaching a historic high.
Moreover, AVB, AIcell, zerebro, vvaifu, and AIXBT have also surged significantly in the past 24 hours, leading a full-scale explosion in the AI Agent sector! Compared to the once hot GOAT and ACT, the growth rate has not been as large.
Now, Musk's Grok directly supports meme image generation, and his X is filled with Pepe images, which clearly shows Old Ma's enthusiasm for memes. This bull market is meme-driven, so when memes correct, you must choose to build positions in your favorite memes; once the market adjustment ends, they will soar.
More and more AGENTS are being bought. None of them are good for long holding because there are always stronger ones coming out.
1. Therefore, the conclusion is that buying platform tokens is more stable than trading agents.
For example, the two major platform tokens VIRTUAL and AI16Z.
Agency platforms, where agents keep emerging, and various scenarios require the consumption of platform tokens, leading to a continuous rise in token prices. This is utility-based. There are also similar platforms like $vvaifu, $ZEREBRO, etc.
2. Buy leaders
Which is stronger, ACT or GOAT? Binance listed ACT, so ACT gained a lot of traffic, while GOAT is the leader that ignited the AI AGENT track, rising to 1.3 billion, and has now retreated to around 600 million.
There are some controversies regarding the leading projects; you should hold onto whichever you think is the leader.
Wealth Code:
Currently, UXLINK maintains a trading volume of around $6,000 on Binance, far exceeding that of typical cryptocurrencies. In the CMC global rankings, its daily trading volume is steadily among the top 50, particularly in the Social sector, where it is undoubtedly number one. Currently, it has a strong foundation in South Korea. In South Korea, without contract trading, investors mainly make profits through spot trading, providing significant support for the coin price. Technically, it has now approached the daily box bottom, with 0.52, 0.47, and 0.44 being good levels for phased spot allocations.
