When Bitcoin price was 40,000, ETH price was about 3,000; when Bitcoin price rose to 60,000, ETH price was still 3,000; now Bitcoin price has exceeded 90,000, ETH price is still 3,000, which is really speechless. Some friends in the group asked me why I don’t talk about ETH anymore. Because I think there is really nothing to talk about it now.
The reason why ETH became strong in the last round was mainly because both ICO and DeFi at the time required a large amount of ETH, so it rose from a low of more than 80 in 2018 to nearly 5,000 in the last round.
But what are the highlights of this round of ETH?
Although there is an ETF online this time, everyone rushed to buy it, and Solana is also eyeing it. I have said long ago that if I were to choose, I would choose SOL, at least for now, it has more potential. So, what about the future of ETH? I have some personal opinions!
Let me first tell you about the recent news about Ethereum:
1. Chris, the great investor who bought SOL at the bottom of $8 that year and continued to support Solana, posted a message yesterday and started to support Ethereum.
2. Last week, Justin, a member of the foundation, proposed an upgrade, which received strong support from the community and was hailed as Ethereum 3.0.
3. CZ’s first offline learning activity after being released from prison was the one with Vitalik, who supported Desci, and some big projects on Ethereum.
In addition, although it seems that ETH has no obvious upward momentum now, in the long run, the opening of ETH ETF pledge still has potential. Although the rate of return is not high, it is still very attractive to big finance. And as US bond yields continue to decline, ETH pledge will become more and more attractive.
In addition, when funds flow back, its rebound is also worth looking forward to. But these are all things in the future, and the main uptrend may appear in the later stage. For those who already hold it, waiting is indeed a bit painful. Therefore, for the current operation, we don’t have to worry about ETH. After all, there are many more promising options in the current market.
Let's talk about today's Bitcoin market: From the K-line, the 1-hour level is volatile, the 4-hour level is weak, the 12-hour level is sideways, and the daily level is rising. Today's pressure level is 9350 and the support level is 88700 US dollars.
Yesterday in the primary market, URO, RIF and BAN all saw a sharp rise
Our core group has ambushed RIF and BAN in advance, and now we have sold the principal, and the remaining profits can continue to run. The rise of BAN this time is mainly because it is listed on Binance's contract trading.
As for RIF and URO, their rise is due to their leading position in the DeSci track. DeSci is a biotech project invested by Binance, similar to the AI meme projects GOAT and ACT invested by A16Z. This track has great potential, and Binance may continue to promote the development of this field, and it is also possible to launch more related projects in the future.
Judging from the current trend, the market direction of this bull market has really changed!
Nowadays, even for a strong company like Binance, after listing value coins, the price basically keeps going down, and there is no buying in the market. But after listing Meme coins, regardless of whether the project has community support or not, the funds can easily reach 500 million or 1 billion.
If it is a leader in a track that has attracted global attention, the new coin will be priced at 1 billion when it goes online, and everyone will dare and be willing to rush in.
The logic behind this is not complicated: sufficient turnover of chips, coupled with a good narrative, the funds of the entire cryptocurrency circle form a synergy to push the project from 0 to 10 billion quickly. In this round of bull market, such new coin phenomenon will probably be common.
Summary of the five major directions of Meme explosion: How to grasp the next hot spot?
Musk’s influence and the driving effect of other big names in the cryptocurrency circle cannot be ignored, especially in the field of Meme coins;
The meme mascots of the old altcoins are still the classics that everyone talks about;
And new narratives or new application areas are constantly emerging, such as AI-themed Meme coins;
New themes are also beginning to attract attention, such as the meme coin LUCE with religious elements, or BAN featuring artistic concepts;
In addition, community-driven Meme coins also have great potential, such as KOMA, ARMY and 1984, which are growing step by step based on community consensus.
The current market focus is gradually turning to the Meme project on the Solana chain. The heat in this field is obviously heating up, and it is worth continuing to pay attention!
PNUT
Political + Meme Leader
After experiencing a period of decline recently, it seems that the adjustment has been completed and is gathering momentum, and the opportunity to hit a new high has emerged!
Musk’s support further fueled the trend. He tweeted many times in support of PNUT, and even said arrogantly: “A squirrel and a Meme coin can save America!” This statement instantly ignited the market’s enthusiasm, and PNUT’s attention and status continued to rise.
Judging from the current market performance, PNUT has great potential to become the super meme coin of this bull market. Its market value may have a chance to exceed 5 billion+, which deserves high attention!
DOG
Recently, the performance of DOG coin has also attracted a lot of attention. Its current price is around $0.0070, but it has recently experienced a sharp correction of 11.22%. At this stage, the support level is $0.0054, which has been tested many times, showing strong support.
A few days ago, DOG coin had a parabolic rise, reaching a high of $0.008691. Although it fell back afterwards, the current price is stable at around $0.006. This position is effectively supported by the 50-day simple moving average (SMA), and may become a key point in the new shock range in the short term.
What is the most important principle in the cryptocurrency world?
When faced with new things that bring wealth effects, it is better to embrace them instead of questioning them.
The essence of the cryptocurrency world is to continuously create and issue new assets, and “new” things will inevitably break through our original cognitive framework.
Some brothers always complain: "Today we talk about inscriptions, tomorrow we talk about animals, and the day after tomorrow it's AI Meme. Aren't they just trying to use junk assets to make money?" But have you ever thought that the cryptocurrency market is a fast-iterating market, and the rule is survival of the fittest. If you always feel that you are being cut, is it because your learning speed and action ability are far behind the trend?
Remember, the market is never wrong, the only wrong thing is those who are unwilling to learn and do not understand the trend! The currency circle only rewards those who can keep up with the pace, not stagnant doubters.
