The market is still in a stage of shock accumulation
The market is expected to continue to fluctuate for one to two weeks. With the arrival of January, Ethereum and altcoins are expected to explode and reach new highs.
Bitcoin and altcoins have experienced large-scale liquidation. After the leverage is cleared, the funding rate returns to normal. The market risk has been released. The current bottom is gradually rising and the market is volatile. A pullback to the daily 20-day moving average will be a good buying opportunity.
$BTC has once again broken through a new high, reaching 106,000, but browsing social media, everyone seems very calm, no longer the kind of cheering and excitement that hit a new high in the last bull market.
The reason is actually very clear:
- This wave is driven by institutions, mainly BTC. Not much new funds flow into other altcoins, and ETH has not yet reached a new high.
- More and more new assets are emerging, diversifying the capital pool. Assets such as inscriptions, runes, and NFTs are diverting liquidity, and retail investors will not hold a large position in the market in order to gain high returns.
In web2, buying Bitcoin would be considered an extremely risky operation; in web3, buying Bitcoin would be considered the lowest risk operation. This is how different the world is.
I firmly believe that there will still be altcoins in this round. However, due to too many assets and too dispersed liquidity, how many altcoins can surpass Bitcoin in terms of returns?
For the layout of the next altcoin market, I think we need to focus on two concepts:
1. The reservoir after the Bitcoin funds overflow, namely ETH and XRP.
2. President Trump’s wallet is carefully monitored, including Defi, US projects, and compliant concepts such as LINK, AAVE, ENA, and ONDO.
The Federal Reserve will hold an interest rate meeting tomorrow. Judging from the current data in the United States, there is a high probability that the interest rate will be cut by 25 basis points this month, which means that part of the funds from traditional finance will flow into the cryptocurrency circle again. Bitcoin will continue to surge, and the next level will hit 110,000 US dollars. Bitcoin has exceeded 100,000. The bull market has just begun.
» $UXLINK
Today’s price of UXLINK (UXLINK) is US$1.14 with a 24-hour trading volume of US$1,563,452,861. This indicates a price increase of 26.15% over the past 24 hours and a price increase of 100.40% over the past 7 days.
UXLINK is a Web3 platform token based on Ethereum
$UXUY as a reward system, based on a transparent proof-of-link mechanism, rewards the development of the community and ecosystem
$UXLINK serves as a governance token, empowering the community to make decisions and capturing the value of projects and products
» Basenji ($BENJI)
Today’s price of Basenji (BENJI) is US$0.03737 with a 24-hour trading volume of US$11,623,891. This indicates a price increase of 61.39% over the past 24 hours and 28.38% over the past 7 days.
Benji Coin, formally known as Basenji, is a cryptocurrency that aims to become a global digital currency for everyday transactions.
Unlike many speculative or niche cryptocurrencies, Benji is designed to be a tool for everyday payments with minimal fees and maximum efficiency.
Benji uses smart contracts to ensure transparent and secure payment, staking, and reward transactions.
» Zentry ($ZENT)
Zentry's price today (ZENT) is US$0.032 with a 24-hour volume of US$24,883,035. This indicates a price increase of 11.33% over the past 24 hours and a price increase of 45.21% over the past 7 days.
Zent (ZEN) is the native cryptocurrency of Zentry, a crypto gaming guild that has transformed into a gaming rewards platform.
Zent is an ERC-20 token that supports value accumulation, functionality access, staking rewards, and governance participation.
» Simon's Cat （$CAT）
Today's price of Simon's Cat (CAT) is US$0.00006192 with a 24-hour trading volume of US$542,396,786. This indicates a price increase of 52.00% over the past 24 hours and a price increase of 40.52% over the past 7 days.
Cat Coin is a new UTXO-based Bitcoin token protocol called Covenant Attested Token (CAT).
This protocol is validated by miners and uses smart contracts to manage the minting and transfer of tokens.
