Bitcoin hit 99,000, Ethereum rose strongly, Meme hype declined, and funds focused on mainstream oversold tokens.
It’s only a matter of time before Bitcoin hits $100,000
Bitcoin continued its recent upward trend, reaching $99,000 per coin, setting a new record high and is expected to challenge the milestone price of $100,000.
The entire cryptocurrency market has gained about $1 trillion since Trump won the Nov. 5 election.
Recent developments in the United States include the fact that Securities and Exchange Commission Chairman Gary Gensler plans to step down on January 20, the day Trump will be sworn in. During Gensler's tenure, the SEC has taken a series of cryptocurrency enforcement actions, and the industry expects these actions to gradually decrease after Trump takes office. Trump's transition team has begun discussing whether to create a new White House position specifically responsible for digital asset policy.
In addition, FTX expects the restructuring plan to take effect in early January 2025, and to start user compensation in March. FTX's compensation will bring huge liquidity to the market, which is a potential benefit at the end of the bull market, especially for altcoins.
Good news, stop cursing, brothers, Ethereum has stood up, a big green column has strongly broken through the range of this week's fluctuations and reached above 3300
Ethereum returns strongly, and L2 tracks move forward in parallel
As Bitcoin is about to hit $100,000, the long-dormant Ethereum also ushered in a strong rebound. In just three hours, the price of Ethereum rose by 7.5%, reaching a high of $3,429. Inspired by this, the Layer 2 (L2) track also kept pace, and L2 projects such as OP and Arbitrum rose one after another.
According to historical rules, when Bitcoin rises to a certain level and goes sideways, it is the happiest moment in the cryptocurrency world:
1. Smooth transition and capital transfer: Bitcoin will adjust horizontally (10%), and funds will be transferred to the copycat market, with large market capitalization taking the lead, and then the water will flow step by step.
Currently, we can see that ETH, which has been the runner-up for a long time, and BNB, which has been motionless, have shown signs of moving slightly.
2. Bitcoin plunges, then moves upward, stays sideways, or rises steadily, and the violent counterfeiting starts
3. Pay attention to the bull market and find several different threads of copycats. Sell whoever has risen the most and buy whoever has fallen the most, instead of doing the opposite.
➜ $APT
-The APT wealth effect has just begun. Circle will launch native USDC and CCTP on Aptos, and Stripe will also integrate Aptos. The Aptos blockchain is rising rapidly, providing a solid foundation for fast and secure stablecoin transactions and commercial applications.
-Aptos is becoming a dark horse in the global payment field. Its strong technology and application foundation, as well as the recognition of many institutions, have laid a solid foundation for its future development.
➜ $XRP
- Strong market makers hold high control over the market. XRP remains strong due to positive progress in Ripple’s legal dispute with the U.S. Securities and Exchange Commission.
- The years-long case is coming to an end, with many predicting a positive outcome. Ripple’s likelihood of winning the legal battle has boosted market confidence, while XRP’s growing popularity in international payments has made it one of the most noteworthy altcoins to watch.
➜ $SOL
- $SOL is approaching a new all-time high
Currently $SOL is only 3% below its ATH and once it breaks, market sentiment is expected to rise sharply.
- Historical trends show that new highs in $SOL usually drive strong performance of assets within its ecosystem. In this cycle, Solana has gradually replaced Ethereum and become the main ecosystem of Memecoin.
- Solana, as a base for the local dogs, has special potential.
➜ $UNI
Uniswap is a decentralized trading platform known for supporting automated trading of tokens. Trump’s victory gave Uniswap a boost.
- Since the launch of the AMM mechanism, Uniswap has been regarded as a benchmark in the DeFi industry. From the launch of V3, V4 and UniswapX, it has shocked the market almost every time.
- Looking ahead, Uniswap has considerable growth potential.
➜ $OP
- OP is the leader of Ethereum layer2. The rise and fall of OP is indeed a weather vane for Ethereum altcoins. Now all L2s use chains based on OP, including Base and Sony. All these chains will give OP a share of the revenue generated by user transactions. In the medium and long term, OP can become an unbreakable ETH whale.
- If conditions permit, it can actually intervene at any time to reclaim its own tokens and further stimulate the ETH market.
Then we had everyone ambush Dogecoin in advance. Musk will launch the Starship on November 20, and Doge will go into space. You can see how it rose in the early hours of this morning. We also took advantage of this high point to take profits.
In addition, we asked everyone to plan ahead for Floki because he was going to be listed on Coinbase, and today he was indeed listed, and the price rose sharply. So it is really not difficult to make money in the cryptocurrency circle. If you plan ahead for hot coins, you will get very good results.
