Today is Friday, and in the next three days, the US stock market will be closed. Be aware that after the short-term price rises to $100,000, short-term profit-taking will occur, leading to a significant drop in price, and Bitcoin will continue to adjust.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero axis.
The trend remains strong as ever, with significant inflows into US stocks. Investors remain optimistic, and with the support of the media, it is only a matter of time before Bitcoin breaks through the $100,000 mark.
Historically, when Bitcoin rises to a certain extent and then consolidates, it is the happiest moment in the crypto world:
1- Smooth transition, fund transfer, Bitcoin horizontal adjustment (10%), funds move to the altcoin market, with large market caps leading the way, and then the water flows gradually.
Currently, we can see that the long-standing second place ETH and the stagnant BNB have shown slight signs of movement.
2- Bitcoin's sharp drop and then upward, either sideways or steadily rising, with altcoins starting violently.
3- In a bull market, find several different altcoins; sell the ones that rise a lot and buy the ones that drop a lot, instead of doing the opposite.
Good news, stop complaining, brothers, Ethereum has stood up; it surged over 300 yesterday, with an increase of over 10%.
The Layer 2 track is also rising in response, with OP rising more than 20% and Arbitrum seeing about a 12% increase in the last 24 hours.
ETH often starts later than BTC; once ETH explodes, the increase could reach 30-50%, making it very close to securing profits. Most altcoins should start preparing to cash out at this time.
Ethereum exchange rate began to rebound early in the morning, and people even started to believe in the 'altcoin season.' Fortunately, I kept motivating everyone, saying that Ethereum would lead the altcoins to catch up.
Although Bitcoin is close to $100,000, the current sentiment has yet to break through the previous high of $73,000. Many friends have not only not made money but have lost money, and Ethereum has finally begun to catch up. It's time for Ethereum to lead the altcoins to take off, and everyone should be excited.
Dog Brother recommends these tokens with unlimited potential:
» ￥XRP
Market cap: $79.323 billion
24-hour trading volume: $18.604 billion
XRP, the leader in cross-border payments!
Ripple has received good news regarding its lawsuit with the SEC, making XRP's future more promising.
Once the lawsuit is settled, XRP will shine in international payments.
Now the price of XRP has risen to around $1.39, with a market cap exceeding $79 billion. It has increased by more than 128% over the year, simply incredible!
» Sologenic (￥SOLO)
Market cap: $21.1 million
24-hour trading volume: $2050.45
Today's increase is 91%, a total of 504% for the month!
In the short term, it has risen quite a bit, and Dog Brother does not recommend chasing the highs; wait for a pullback and take a short position, while those who bought at low prices can use the 'half-position take-profit method' to hold on to their profits.
What is Sologenic?
Sologenic is disrupting the asset trading industry: tokenized securities, crypto assets, and NFTs.
Sologenic.com and sologenic.org are two independent teams
Sologenic.org, also known as the SOLO Core team, focuses purely on expanding Sologenic into a decentralized ecosystem.
The sologenic.com team is dedicated to launching an important use case for the Sologenic ecosystem: tokenized securities.
» Cortex (￥CTXC)
Market cap: $109 million
24-hour trading volume: $12.2 million
With a continuous rise, it has increased by 91.7% in the week and 88.1% in the month.
AI section
As a rising star in machine learning, it is leading investors on the path to wealth.
CTXC (Cortex) brings artificial intelligence to blockchain, and the Cortex platform and CTXC token are considered beneficial projects as they cleverly combine AI, machine learning, and blockchain technology.
Cortex aims to build a decentralized AI ecosystem where AI models can be uploaded, executed, and integrated into smart contracts. The CTXC token is used to access and interact with AI models on the network.
» ￥SLERF
Market cap: $17.7 million
24-hour trading volume: $405 million
Lastly, I want to say: Dog Brother has always had a good impression of the sloth coin on the SOL chain.
Recently, Binance announced it will launch SLERF on the futures market and begin trading with 75x leverage starting November 21.
This news has attracted significant attention from investors and has driven the token's price to rise sharply, increasing 21.4% in the last 24 hours and 91.1% for the month.
$SLERF is a MEME coin featuring a cute lazy sloth, which has attracted widespread attention and discussion from the community since its inception.
The success of SLERF is inseparable from its active and unique community culture.
Driven by various events, SLERF has attracted a lot of funds and has experienced significant fluctuations.
Even when the price dropped to its lowest point, the token's popularity remained undiminished.
The Solana chain, on which SLERF is based, has the soil to develop MEME culture, both in product characteristics and cultural background. Furthermore, Solana's DEX products, with their speed, ease of operation, and on-chain data advantages, provide a good development environment for SLERF. The trading speed on the Solana chain is about 1300 TPS, with fees as low as $0.0029 and a TVL of about $3.9 billion, with daily active users reaching 800,000.
