Bitcoin rises to a certain height and then goes sideways. Funds flow out of Ethereum and mainstream currencies, and then continue to flow out to various altcoins. It is a completely general uptrend. Finally, funds continue to flow back to Bitcoin, completing the market peak.
The direction of major funds is generally not wrong, but the process is more difficult.
The first half was a big show, and the second half was the turn of Dog Ether.
2024 belongs to Da Bing, 2025 belongs to Auntie Gou!
When will altcoins take off?
Bitcoin has hit a new high, but most altcoins are in a correction, especially those on CEX, which are almost all in a falling state.
Ethereum's turnover period has ended, and it will enter an acceleration phase. First, Ethereum will rise, opening up space for altcoins, and altcoins will follow suit. Now Ethereum seems ready to pull up, and the eyes have become more determined!
Regarding the interest rate decision tomorrow morning, it seems that a 25 basis point rate cut is highly likely. The key points are:
1. The dot plot shows the pace of interest rate cuts next year. The dot plot in September predicted four more interest rate cuts in 25 years. According to Bloomberg statistics, the market generally expects three more rate cuts next year. If the dot plot shows three more rate cuts tomorrow morning, it should be good for the market. If it is less than three, everyone should be worried.
2. The other thing is the attitude shown by Powell at the press conference. Will he send a strong signal of suspending the next rate cut, or will he still be very cautious, both positive and negative, and ultimately it all depends on the data. The former will have an impact on the market, and the latter will probably make the market think that since they have to look at the data, they should wait until January to see what the inflation and employment data for December are like.
» $FARTCOIN
Market value: $831 million
24-hour trading volume: $108 million
Today’s price of Fartcoin (FARTCOIN) is US$0.8309 with a 24-hour trading volume of US$108,281,012. This indicates a price increase of 6.05% over the past 24 hours and 86.38% over the past 7 days.
Fartcoin is not only a cryptocurrency, but also a cultural phenomenon that has attracted a large number of investors and enthusiasts seeking high risk and high returns.
It occasionally receives high attention due to its unique marketing strategy and cultural positioning.
» $UNI
Market value: $9.951 billion
24-hour trading volume: $912 million
Today’s price of Uniswap (UNI) is US$16.57 with a 24-hour volume of US$912,353,523. This indicates a 4.26% increase in the past 24 hours and a 6.37% increase in the past 7 days.
Uni coin is the native token of the Uniswap protocol. As a pioneer in decentralized exchanges and having gone through both bull and bear markets, we can see that UNI is the absolute leader in new application scenarios of blockchain technology!
Uni is not only a platform currency, but also has governance rights, which shows its important position in the field of decentralized finance and its potential investment value.
» $BGB
Market value: $5.947 billion
24-hour trading volume: $313 million
Today’s price of Bitget Token (BGB) is US$4.26 with a 24-hour trading volume of US$312,825,118. This indicates a price increase of 19.12% over the past 24 hours and a price increase of 40.36% over the past 7 days.
BGB coin provides strong encryption protection and excellent transaction speed, ensuring the privacy and security of user information and transaction records.
BGB coin is an encrypted digital currency based on blockchain technology. Its cumulative increase this year has reached 391%, surpassing mainstream cryptocurrencies such as BTC and ETH, becoming a force that cannot be ignored in the market.
» $MOVE
Market value: $1.548 billion
24-hour trading volume: $512 million
Movement's price today (MOVE) is US$0.6943, with a 24-hour volume of US$511,881,578. This indicates a price increase of 12.44% over the past 24 hours and 1.81% over the past 7 days.
The Movement Network, to which the Move coin belongs, is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in a distributed environment.
Its initial public offering (IPO) attracted the attention of several major exchanges and announced plans to go live.
The launch of Move coin is not only an innovation in blockchain technology, but also provides new opportunities and challenges for investors and developers.
