The cryptocurrency world is in a big reshuffle! Who is the real dark horse, and who is swimming naked? After comparing the data, you will find that the coin you chose may not be as strong as it looks on the surface. And this coin will ascend to the throne and become the new generation of dark horse!

The bull market in the cryptocurrency circle is ready to take off. This sudden good news may completely break the current situation, and the following coins will be the biggest beneficiaries!

Without further ado, let’s get started!

The first is that Musk’s private plane arrived in Tennessee, which is most likely the rhythm of attending the Bitcoin conference on the 25th!

He also changed his profile picture to laser eyes, which was a standard feature of cryptocurrency supporters during the last bull market.

When he and Trump do something in a few days, Bitcoin will go up to the sky, and Dogecoin will have an additional increase because of Musk's appearance! And think about it, if the Dogecoin king flies, will our other altcoins also follow suit?

You should know that at the end of July 2021, Musk, Cathie Wood and Jack Dorsey held a B word meeting, which caused Bitcoin to rise from 29,000 to 60,000, which was a landmark turning point in the currency circle.

Of course, we cannot let our guard down in the short term, because another big event today is the resurgence of the 6 billion selling pressure in Mentougou. In the afternoon, more than 3 billion bitcoins were transferred to multiple unfamiliar addresses. Benqin notified everyone when he just made the transfer.

Therefore, there may be a certain amount of selling pressure in the next two days, which actually gives you the opportunity to get in at a low price, so don’t be afraid, if it dares to come down, I will dare to increase my position, okay.

Let’s get back to the point. The cryptocurrency industry has a new version and a new god. The pattern of each cycle is undergoing a major reshuffle. We can see this very intuitively from the on-chain data.

The bull market from 2017 to 2020 was absolutely dominated by Ethereum, accounting for more than 90% of DeFi transaction volume. In 2021, Binance Chain was the main force, competing with Ethereum. BNB also soared 100 times in that cycle.

Whether you admit it or not, this bull market belongs to Solana.

Let’s take a look at the share of on-chain Defi transactions. The share of the Sol chain is getting bigger and bigger, taking away a lot of Ethereum’s share.

It has been ranked first for several weeks in a row. If this trend continues, Shuqin really doesn't dare to think about what will happen. Whoever wins the retail investors wins the world.

As for the market capitalization, Sol is only 20% of Ethereum, so there is still a lot of room for improvement. Not to mention surpassing Ethereum, but there is a good chance that its market capitalization will rise to 30-40% of Ethereum.

Therefore, the current price increase of Sol is not just a false alarm, it is indeed due to the increase in usage. On the contrary, in the long run, it is still in a low value.

As for the short term, since it has risen a lot recently, try to see if there is a pullback before adding to your position.

This wave of Sol broke through the ascending triangle and currently reached the 187 neckline resistance. A pullback here is very normal. Benqin has placed buy orders in batches at 160 and early 170.

To be honest, this wave of Sol's rise was really exaggerated, and I almost couldn't hold on to it several times.

However, Near and Cardano, which are ranked in the top 20 or even top 10 by market capitalization, are not doing so well, with daily trading volumes of only 100,000 and 1 million respectively, which pales in comparison to Sol's 1.7 billion.

Fans of these coins, don’t be stubborn. I have never seen anyone using Cardano or Near, but many people are using Sol, Op, Horseshoe Chain, etc. So you can’t just look at the sentiment. It is actually quite crucial whether anyone uses this public chain and whether it is worth a market value of 20 billion.

Now let’s get back to the point. In addition to Sol, another dark horse public chain with very impressive data in this bull market is Ton. Because behind this public chain stands Dianbao, a social giant with more than 1 billion monthly active users, it has great power.

Tether began issuing USDT on its Ton chain in April. In just three months, the issuance of USDT on the Ton chain has ranked fifth in the entire chain. The number of users has increased sharply, and the upward trend is very obvious.

The point-reporting games on its chain are also very popular. To be honest, this Ton is like a sea of ​​stars for the project owner. There are too many users in it, and the daily activity can be very high to increase its valuation. Retail investors can also play these simple games to get airdrops, especially in developing areas with dense populations and very fast spread. Getting airdrops in a week may be more than what they earn in a year of work.

Therefore, it can be seen that Ton is really a very good way to monetize traffic, and retail investors and project owners are rushing to enter the market. In the bull market, these data will be even more exaggerated, so Ton and Solana are similar, and whoever wins the retail investors wins the world. As for the K-line, you can pay attention to the trend line support of 6.9.

However, we must admit that although mainstream coins are stable, their growth is indeed not as good as that of small coins. For example, Bitcoin and Ethereum need one year to double, while the S&P 500, which has a larger market value, needs three to five years to double. But if you look at meme coins such as WIF, Pepe and Floki, they can achieve the growth of Bitcoin in half a year in just one week, so you must also allocate some of these local dogs.

WIF I think the neckline near 2.4 is very worthy of attention.

If it really gets here, Shuqin will definitely buy more, because it will be a perfect W bottom breakthrough and then step back on the neckline. Going long here is basically picking up money for free, and the chances of winning are very high. It depends on whether the market gives you the opportunity. Of course, I will also enter the market if it pulls back to the integer mark around 2.5.

Especially the data of Sol chain is like cheating, but the market value of WIF, the leading local dog on it, is only about 2 billion, so its imagination space is not small. Shuqin has invited everyone to join in both the video and the community.

I also pay attention to the coin Floki, because behind it stands the billion-dollar giant DWF. Every time the market is good, DWF will come out and call for orders, saying that it will buy 10 million US dollars of Floki, and then the price of the coin will explode three or five times.

This coin has already adjusted back to the right level after the previous plunge. Even if it has rebounded recently, it still has a chance to double from its previous high. It is the type with a low lower limit but a very high upper limit.

In addition, DWF will definitely add fuel to the fire at the critical moment, so this coin is also in Benqin's investment portfolio, and currently I am making some small gains with my children.

These hot coins are updated in the community every day. Interested ones can come and have a look. Because the currency circle is really about choice rather than effort, and grasping the current hot spots is the key.

Now, getting back to the point, the cryptocurrency world will definitely not be peaceful this week and will definitely see huge fluctuations, because major institutions will list the Ethereum ETF today, and then there will be a three-day Bitcoin conference until Thursday, in which Trump will speak on the last day, which is the 27th, so people and even Bitcoin can consider selling at highs during those days and wait and see for a few days.

After this incident, it is possible that all the good news in the cryptocurrency market will be exhausted and there will be a correction.

But do you think that's the end? This Friday at 8:30 p.m., the PCE price index, the inflation indicator that the Federal Reserve pays the most attention to, will be released. It is related to the attitude of the Federal Reserve's interest rate meeting next Wednesday, and it is absolutely sensitive.

The previous value of PCE was 2.6%, and the market expectation was 2.4%, which is quite good. The previous value of core PCE was 2.6%, and the market expectation was 2.5%. It can be said that the market has high hopes for this data.

Shuqin wishes you all the best at PCE on Friday! #今日市场观点