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Crypto Market Trends in 2024: Analyzing the Surge of Meme, RWA, Gaming, AI, and DeFi Projects
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From Copy-Paste Coins to Meme Coin Mania: Understanding the Hype-Driven Crypto Market
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I couldn’t buy most of what I had planned; in my spot holdings, I just bought a satisfactory amount of EGLD at an average price of $22 because I’ve been accumulating EGLD for over 6 months. I would convert a significant portion of my profits into EGLD. I don’t have very high expectations from this coin; it’s not that I think this project will yield huge profits. I bought it because I believe EGLD is one of the best layer-1 projects in the crypto industry. That’s why I never suggest others buy it; suggesting it might raise their expectations. This coin should be bought without expectations—maybe after 10 years, I’ll see if it actually grows. Anyway, in my spot holdings, I have SUPER, MPL, IMX, CAKE, UMA, LRC, and yesterday I bought 1k USDT worth of ALPACA, which I’ve already sold today. But I’ve bought only a quarter of what I had budgeted for each of these coins. Honestly, 80% of my funds are still in USDT. Today on-chain, I saw a huge inflow of many tokens into Binance; these include RPL, LRC, UMA, DOGE, W, and BLZ. So, it might be a bit tough for these coins to rise at this moment. I’m really struggling to control my FOMO. My mistake was that I traded in the market expecting Trump would come, but I was thinking it would be Kamala. So, when Trump won, if I had just admitted my mistake and invested more funds right then, I could have DCA’d on what I already bought—but I didn’t do that. People learn from their mistakes, and so did I. But right now, I don’t want to put more money into the market. I have no choice but to wait. If I miss the bull run, so be it; my analysis works better in a bear market. In a bear market, the differences in volume are more noticeable, but in a bull market, demand is so high that it’s hard to distinguish which token is exactly bullish—almost everything looks bullish. But I also don’t have the time and patience to analyze so much data all day on my own; I actually need 2-3 helping hands. Let me know what’s going on with you all. #BTCBreaks80KATH #AltCoinSeason
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Degen mode on, Long & Short $DOGE , if Kamala wins close the long, if trum wins, close the short. Funding fee is tolerable at this point. #USElections2024Countdown #ElectionNightBTCGuess #doge⚡
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One of the reasons why market was going down, suddenly Trump winning percentage decreased from 67% to 50%. Now it’s almost 50-50. #USElections2024Countdown #USEquitiesRebound #NovCryptoOutlook
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Bitcoin(BTC) Drops Below 88,000 USDT with a 4.89% Decrease in 24 Hours
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