Good afternoon, brothers. With the announcement of the new US presidential candidate, cryptocurrencies represented by Bitcoin have become one of the most outstanding asset classes in recent times. Cryptocurrencies are considered part of the "Trump deal". During the campaign, Trump repeatedly expressed his favor for Bitcoin and cryptocurrencies, and planned to support cryptocurrencies in the form of policies to enable the United States to take the lead in global Bitcoin and blockchain technology. Compared with Trump, the Biden administration has very strict industry supervision on Bitcoin and other cryptocurrencies, and has even been suppressing them.
Since Trump won the US presidential election, Bitcoin has started to soar
On the evening of November 10, Bitcoin broke through the $80,000 mark. It took only three days for Bitcoin to break through the $90,000 mark. Late at night on November 13 (Beijing time), the price of Bitcoin skyrocketed, breaking through the three barriers of $90,000, $91,000, and $92,000, setting a new historical high.
From November 1 to November 14, the cumulative increase of Bitcoin exceeded 32%. From the beginning of 2024 to date, the price of Bitcoin has soared by more than 100%.
Bitcoin is currently entering a sideways consolidation phase, and market funds are gradually flowing into altcoins and meme coins, bringing short-term lucrative returns. Investors can seize market opportunities and reduce investment risks by mastering the rules of fund rotation, accurate coin selection strategies, and comprehensive data analysis.
Altcoin market: grasp the capital rotation
As the volume of Bitcoin transactions decreases, market funds gradually flow to altcoins. At present, altcoins are experiencing a "money-making market", but it is important to pay attention to the law of capital flow in order to seize the opportunity. For example, ADA was bought at around $0.65, and the increase once reached 25%, showing the characteristics of rapid capital flow. This shows that altcoins are becoming the focus of market attention.
Memecoin’s short-term surge opportunity
Memecoin's recent return rate is amazing. For example, a $2,000 investment has increased sevenfold in half a month. Through keen observation of the flow of market funds, large transfers on the OK platform from November 15 to 16 hinted at the potential of SLOVE and helped capture more than 70% of the increase. In addition, combining some blue-chip projects (such as Lester associated with Litecoin) to optimize the investment portfolio can not only avoid early risks, but also seize the opportunity of subsequent gains.
Investment experience and risk control
Although altcoins and meme coins have short-term profit opportunities, investors need to combine data analysis and market trends while guarding against high risks in the early stages. When choosing a currency, do not rely solely on a single indicator, but consider the distribution of funds, the concentration of holdings, and the activities of the trading platform. Setting a reasonable stop-profit point and risk control measures is the key to maximizing profits.
Based on the recent performance of the meme market, I have summarized the following explosive directions of memes for your reference:
1. Musk and other cryptocurrency celebrities such as CZ. Needless to say, Musk is the king of memes. Whether it is DOGE and PNUT that he openly promotes, or an emoticon sent on Twitter or even a word in reply, it may become the next hot meme.
2. The memes or mascots of old altcoins, such as Lester, the mascot of Litecoin, not only performed well, but also led to the rise of Litecoin. The fun brought by this contrast will also make retail investors pay for it, and most importantly, the influence of this old altcoin itself is very wide, just like an elder who is very familiar to you suddenly talks to you about Musk and says that he wants to join the Mars immigration plan. Even if you think it's ridiculous, you will think he is very cool.
3. Ai meme. This content has been shared a long time ago. GOAT and ACT have already come out. We can continue to pay attention to two points. One is Ai meme with new narratives or applications. The other is to pay attention to Ai meme of other chains, such as base chain. Base chain is not only good at promoting such abstract concepts, but its development environment is also more friendly to AI projects.
4. New themes and new narratives. For example, LUCE is the only religious meme coin, while BAN is the leader of art meme coins. You can pay attention to new themes in the future.
5. Community-driven memes, such as KOMA, ARMY, and 1984. These coins are usually led by old OGs or KOLs in the circle. They have a certain fan base. If they can continue to build, they will also have a good increase. In addition to the above-mentioned areas of focus, the main focus at this stage is still on the memes on the Solana chain. After all, this is where the trend is.
When will the bull market end?
Today I will tell you that when the following situations occur, it may mean that the bull market is about to come to an end.
First is the first stage. In this stage, BTC will be the first to start the rising mode, and then the public chain currency will follow suit. After this wave of market conditions has lasted for a while, BTC will enter a stage of oscillation.
Then we entered the second stage, and the situation changed. The public chain currencies began to lead the rise, while BTC became the follower.
In the third stage, BTC and public chain currencies will be in a high sideways state. At this time, altcoins will begin to exert their strength and experience explosive growth.
Once these three stages are completed, it often means that the bull market is over, and the bear market will follow. At present, we are still in the first stage, but the market situation is unpredictable. This is just a rough reference. Everyone should still be cautious about market changes.
The article ends here. If you are interested in me, you can click on my homepage and we will seize this bull market together!
