There are several big things coming up, good news is coming!
1. Trump's inauguration
On January 20, 2024, Trump will take the presidency again. The friendly attitude of this "old man" towards the crypto field has long been deeply rooted in the hearts of the people. His inauguration will undoubtedly bring a series of remarks and policies that are beneficial to the crypto market. In this context, we just need to be patient and wait for the market to pick up, and I believe that the future is promising.
2. FTX huge repayment
Good news is coming one after another! FTX will launch a repayment plan of 16 billion funds on January 6, and it is expected to be fully repaid within 60 days. The inflow of this huge amount of funds will undoubtedly inject a shot of adrenaline into the currency circle, promote a full rebound in the market, and even help us reach a new level.
3. Ethereum pledge ETF
After Trump takes office, the Ethereum pledge function will also arrive as scheduled. The launch of this function will greatly enhance the attractiveness of Ethereum and attract a large number of buying orders. It is reported that the pledge application is expected to appear in January, and before the Christmas holiday, the market has been arranged in advance, and $131 million of buying funds have flowed in. The expectations of institutions are the best proof of the market recovery.
4. Ethereum Prague Upgrade
Looking back at the upgrade process of Ethereum, after each upgrade, its price will usher in the main upward wave within three months. The Prague upgrade is also expected to announce the results in January (although there is a possibility of delay, it will not affect the final trend). Let us look forward to Ethereum leading the market again!
In the face of market fluctuations, we don't need to be overly anxious. Keep confidence, keep up with the trend, and believe that in the near future, we will be able to reap a lot in this hot land of the currency circle!
At present, we can see from some data that the current market does not support it to continue to fall. From the liquidation chart, both the long and short sides are in confrontation, so it still needs a long time to fluctuate, and it cannot be solved in one or two days. It still needs a long time to fluctuate at more than 90,000 US dollars, but from the perspective of the whole month, it is still bullish within 30 days, but in the short term, it is also a volatile market within one or two days, and it will not go so fast.
