Bitcoin has recently stabilized at around 100,000 USD, and the overall trend is still upward. It is expected to break through 120,000 USD or even higher after Trump takes office. On the other hand, Ethereum has obvious pressure at the 4,000 point level on the daily chart, and has retreated slightly after reaching this position recently. The weekend market fluctuated between 3,880 and 4,000 points, and is expected to break through 4,000 points, paving the way for the impact of 5,000 points in December.
The market in recent days is that the big cake and the second cake are sideways, waiting to choose a direction, and the cottage is also sideways waiting. It feels that a big wave is brewing. The trend of Ethereum is still very good. It is clear that it will break through and the holding volume will increase.
The weekend market is too boring; friends can go out to play!
After looking at the overall market situation, let's take a look at the inscription sector's $ORDI and $SATS, and why they haven't been able to rise recently? My thoughts are as follows:
Inscription is different from other coins; although it has been in a state of decline and sideways movement, many investors choose to sell and transfer to other coins, but inscription has strong faith support. Many choose to withdraw it from exchanges, back up their mnemonic phrases, or even delete their wallets, and many large holders outside the crypto circle also choose not to sell or increase. This patience means that inscription has not yet surged significantly, despite the long washout period, but large holders' positions remain strong.
As the washout phase nears its end, those who hold on without selling are gradually becoming diamond hands. Although the operators are not in a hurry to pump the price, as long as good expectations are created, ORDI's rise is just beginning, and more investors will increase their positions. However, the operators are also worried about large holders selling, so they continue to test the bottom, waiting for the best timing.
Currently, the market's Al Agent has become a mainstream narrative, with development potential surpassing that of the 2021 metaverse. Hype will become the key battlefield; if projects like Virtual go live, new exchanges, tracks, and opportunities will emerge, creating a flywheel effect. The liquidity and depth of Hype are expected to surpass Binance. Binance should consider acquiring some equity or related assets for strategic positioning. Whether centralized or decentralized, VCB and AIB both have huge growth potential. Let’s look forward to the changes and opportunities brought by this new narrative.
Let’s talk about my views on the recently launched tokens:
Velodrome Finance launches on Binance, with token prices soaring over 200%
Velodrome Finance claims to be a new generation DEX, positioned as the liquidity center of the Superchain ecosystem. Its token VELODROME will be available for trading on Binance starting December 13 at 14:00 UTC, with the trading pair being USDT. Notably, there are no trading fees for this launch, providing users with an opportunity for cost-free trading.
Binance stated: 'Users can now deposit VELODROME for trading, and withdrawals will open on December 14 at 14:00 UTC.' In addition, VELODROME will be tagged as Seed to distinguish it from other tokens. Trading bots and spot copy trading features will be enabled within 24 hours after the launch.
Driven by the news of Binance's launch, VELODROME's price skyrocketed over 200%. (This coin, I didn't rush into buying; when I saw this long string of letters, I lost the desire to buy.)
Its native token VELO triggered a wave of increase, rising rapidly from below $0.15 to $0.33 after the announcement, with an increase of 125% within just a few hours.
Technical indicators show that the relative strength index (RSI) of VELO is rising synchronously, reflecting strong buying momentum in the market. If this trend continues, VELO is expected to rise to $0.44. But caution is needed!
Regarding the two popular tokens in the gaming circle: ME and OL
According to the latest data, $ME is currently priced at $4.1, with a market cap of around $600 million. November's trading volume performed brilliantly, reaching over $70 million. Its core feature is community governance; holding the token allows participation in project voting, focusing on decentralized decision-making.
In comparison, OL's price is lower, at $0.28, with a market cap of about $63 million, and November's trading volume close to $20 million. OL focuses more on practicality: holding tokens can enjoy fee discounts, airdrop benefits, and VIP privileges among other real rights.
The two projects have completely different ideas: ME tends to build a decentralized governance model to attract users who want to participate in project development; while $OL focuses on providing direct feedback, making it more attractive to users who emphasize actual returns. For these two coins, I lean more towards OL.
Lastly, let’s talk about the upcoming new token on Binance: VANA
VANA has a total supply of 120 million tokens, with a long unlocking period and low selling pressure, indicating it will perform well upon launch! For specific launch arrangements, refer to yesterday's article: (Velodrome surges 200%, VANA airdrop begins! Binance launches double arrows to ignite market enthusiasm!)
Today's article ends here. Currently in a bull market, with winds and clouds stirring, we share secrets every day. If you're unsure how to operate in a bull market, feel free to follow for strategies on spot trading secrets in the bull market, which can be shared free of charge.
