Two days after Trump took office, let’s take a look at what he has done in the encryption field:
Release Ross; revoke SAB121; establish digital asset reserves; Gary Gensler resigns; form a digital asset committee, etc., really fulfilling the campaign promises seriously
Some key points from Trump’s executive order on cryptocurrency yesterday:
a. Protect and promote the ability of individual citizens and private sector entities to access and use open public blockchain networks without persecution, including the ability to develop and deploy software, participate in mining and validating, transact with others without unlawful censorship, and maintain self-custody of digital assets.
b. The working group should evaluate the possibility of establishing and maintaining a national digital asset reserve and propose criteria for establishing such a reserve, which may come from cryptocurrencies lawfully seized by the federal government through law enforcement efforts. After the news of the moderate yen rate hike came out at 11 o'clock, the market rebounded as expected. It strengthened the expectations for the Spring Festival market. The market is mainly rising during the Spring Festival every year, and I think this year will be no exception.
Buy the bottom and be the first to explode 20 times the main currency!
1.SUN
The strongest is still SOL. It is worth noting that SOL had a relatively large unlocking in January and March this year. Therefore, the unlocking pressure of SOL in the first quarter is relatively large. If you want to buy, you should pay attention to the relevant sentiment.
Market news from the macro perspective shows that the selling pressure of Bitcoin mainly comes from miners. After reaching the peak in November, it gradually decreases, and the potential for market growth increases. The market has reached a new high after Trump took office, and the listing of Sol's ETF deserves special attention. It is still possible to see a rise of $500 in the future! Institutional data shows that the market situation has improved this week, and institutions have switched from selling in large quantities to selling in small quantities or buying in large quantities.
2.OM
OM is one of the most relevant altcoins in the real world asset (RWA) space, with a market cap of $3.49 billion. Its price has increased by 3.5% in the past 24 hours. It recently welcomed Ledger as a validator, which shows that institutions have confidence in its ecosystem.
Technical analysis shows that OM has strong upside potential, with key resistance levels at $3.68, $3.89, and $3.98. A breakout above $3.68 could trigger greater momentum towards these higher targets. On the other hand, the $3.567 support level is a foundation for Mantra to maintain its momentum well.
3.AAVE
AAVE, the leading project of DEFI. VIPs were ambushed at 154 before! This is the currency I have always been optimistic about. The two tracks that I am most optimistic about in the mid-term bull market are DEFI and RWA. These two tracks overlap, so you can screen the high-quality projects in these two tracks.
As the leading lending project in the DeFi field of the web3 industry, AAVE accounts for more than 60% of the entire lending market. Its current TVL is around 21 billion. After two rounds of bull and bear markets, it can still rise, which proves that this project is what the industry really needs. Rapid growth is not the end, and continuous demand creates giants.
AAVE's advantages, DEFI's leading project, No. 1 in lending, huge demand in the mid-term bull market, supported by Grayscale and Trump WLFI!
4.XRP
The increased interest in XRP is also reflected in XRP’s price action, as the cryptocurrency surpassed Bitcoin in global Google search trends. XRP surged significantly earlier this week, rising from $2.56 on January 14 to $3.38 on January 16.
Although Ripple’s progress has stabilized over the past 24 hours, analysts remain optimistic about the potential of Ripple (XRP), with some predicting a price increase to $20 during this altcoin season. This prediction is based on the fact that Ripple (XRP) broke out of a multi-year downtrend and accumulated significant market pressure over the past six years.
