2024.11.12 Cryptocurrency News and Macroeconomics!

Will BTC soar to $100,000 in one go? When will altcoins double?

MicroStrategy buys $2 billion in BTC. Market sentiment is exuberant, and BTC contract rates have entered a high-risk range of 0.05-0.1%. US stocks rise to new highs, with Tesla surging.

【For more detailed analysis, check today's market video】

🔥 Market Highlights

1. New coins on BN: ACT, PNUT. ACT is an AI meme; a16z donated to two AI memes, GOAT and ACT, both of which have legitimacy, but the developer of ACT previously ran away. AI memes are a new track, the first to go public on a major exchange and have scarcity, with a valuation ceiling likely exceeding $2 billion baseline. The same track IO is $2 billion, Render is $3 billion, and FET is $4 billion. Coin ACT on BN, the process is similar to the previous lowercase dog, first giving Dragon One GOAT contract, then flipping to Dragon Two ACT spot. The market cap before listing was also around $20 million. It can be seen that the meme coin strategy on BN is wild speculation, favoring small market caps, with no major players, and previously high-heat meme coins.

2. PNUT is Musk's political internet celebrity squirrel, belonging to a zoo + political meme. ACT is exclusive to BN, while PNUT is available on OK and BN, with general exchanges preferring to pump exclusive coins.

3. Meme coin DOGE surges significantly. Its market cap reaches $50 billion, nearly half of SOL, and its trading volume on BN's USDT exceeds ETH. DOGE is a concept of Musk + BTC meme. Over the past month, the top performer on BN is DOGE, with an increase of 220%; the second is RAY, with an increase of 180%. Other new memes like NEIRO, MOODENG, etc., have seen capital heat diverted by the newly listed ACT and PNUT, indicating that meme trends change rapidly.

4. AI-related coins IO, WLD, RENDER, GRASS, etc., are also rising, driven by the leading AI segment coin ACT. #BTC