Bitcoin's continuous new highs reflect expectations of an imminent interest rate cut by the Federal Reserve, surging from $103,000 to $107,000, and now falling back to $106,500. The speculative index for altcoins has also dropped from a previous high of 90 to 63. Currently, the situation in the market is that Bitcoin's bloodsucking effect is very strong. According to historical trends around interest rate cuts, each time before a cut, Bitcoin tends to rise, and after the cut, it surges significantly. If this trend continues, Bitcoin could soon reach $110,000, and if the market goes crazy, $150,000 is also possible. After all, BTC's momentum is driven by listed companies and major institutions. For example, the CEO of MicroStrategy spent $1.5 billion yesterday to buy 15,350 BTC at an average price of $100,386, which is one reason for BTC's recent independent bloodsucking trend. Each time institutions make significant purchases of BTC, a bloodsucking trend follows. Many institutions, including listed companies, are willing to buy at this level, even at the cost of raising their average price, indicating that they believe Bitcoin at $100,000 is just the beginning.
After discussing Bitcoin, let's take a look at Ethereum. Ethereum performed reasonably well today, relatively ignoring the bloodsucking effects of Bitcoin, maintaining a price above $4000. Last night, it broke through $4107, reaching a new high for the year. However, ETH/BTC is still below 0.038. For altcoins to rotate, this indicator can also serve as a reference. A clear performance this week is that ETH's turnover period has passed, and ETFs continue to see net inflows, meaning Wall Street's money keeps coming in, while the old hands in the native crypto space have mostly sold off. I remain optimistic about Ethereum breaking new highs. The best strategy currently is to hold steady; in a bull market, all strategies are less effective than simply holding. Altcoin explosions will also come quickly; when Bitcoin rises, Ethereum rises, and when Ethereum rises, altcoins rise, in that order. Don’t be fooled by the current lethargy of altcoins; they will bounce back quickly.
The bull market could potentially explode with 100 times the value of 8 major altcoins, worth bottoming out!
SOL
Solana, a first-layer blockchain, has seen a remarkable price increase of over 186% in the past year. Although it slightly dropped in the last 24 hours to $223, confidence in it remains high. Solana has broken through key price levels, the derivatives market has also become active, and trading volume has surged, indicating strong investor confidence. By January 2025, SOL still has significant upward potential.
ADA
Cardano is the leader of the third-generation blockchain, with a highly efficient proof-of-stake (PoS) mechanism. Over the past year, ADA's price has risen by 77%, currently at $1.09, up 2%. Given this momentum, it’s possible for ADA to double before January 2025, challenging Ethereum’s position.
SUI
Sui, the first-layer blockchain and smart contract platform, performs well in speed, privacy, and accessibility, and is currently quite popular. Sui's digital asset management efficiency is high, attracting considerable interest in the DeFi space. With the total locked value (TVL) increasing, the price has also risen, now at $4.78, and market confidence is quite strong. Sui's momentum makes it a significant competitor in blockchain investments, attracting many investors looking for innovative and reliable solutions in the DeFi ecosystem.
DOGE
This is an established variety that has gained popularity thanks to fans and celebrity endorsements, and its use cases are increasing, such as being used by Tesla. If more people use it in the future, it’s not impossible for it to rise to $1 by 2025.
Avax
This coin aims to change the blockchain world with faster transaction speeds and a more environmentally friendly consensus mechanism, and its ecosystem is also quite attractive. If adoption rates and the ecosystem grow well, it will see a significant rise by 2025.
XRP
This coin is a bridge between traditional finance and blockchain, recently risen significantly, and its adoption has increased. If regulations are clarified, applications will become broader, and it may reach new highs by 2025.
APT
This coin claims to be the 'successor to Solana', achieving fast transactions and scalability using the Move language, and its ecosystem involves multiple fields, attracting many developers. If supported by institutions, it is expected to rise significantly by 2025.
