Solana (SOL) has seen a significant decline in market sentiment after failing to sustain a 40% price increase. On November 5, SOL was trading at $161.93 and 17 days later, it reached a new all-time high.
However, while this rally has sparked excitement among investors, the lack of continued momentum has dampened optimism. This begs the question: Where will SOL price go in the near future?

, on December 3rd, the CEO of Coinbase, Brian Armstrong, posted on social media that the U.S. government selling <Bitcoin> is a "serious strategic mistake" and he believes they should not sell the <Bitcoin> they are holding. Additionally, he revealed that about 25% of Coinbase's net asset value (minus <debt>) is <crypto>, of which about half is <Bitcoin>, accounting for 12.5% of the total net asset value. He pointed out that since a large portion of Coinbase's debt is still valued in U.S. dollars, it is currently difficult to bear higher <risk> regarding the <holding position> of <Bitcoin>, but he remains open to increasing the holding rate and welcomes the community to discuss this issue.

When the price of Bitcoin surpassed $99,500 last month, several publicly listed Bitcoin mining companies saw their stock prices soar, according to a research report published by JP Morgan on Monday (December 2).
The total market capitalization of the 14 Bitcoin mining companies tracked by JP Morgan increased by 52% compared to the previous month, reaching $36.2 billion. Among the best-performing companies in November, shares of Singapore-based Bitdeer recorded an increase of 83%, reaching $14.27.

I see a psychological effect that we often fall into, and those who experience it should comment to share their feelings to see if they are similar to mine. The main topic today is the psychological effect "Anchoring Effect." Why is it called the anchoring effect? It is a psychology where when someone encounters a new concept, they tend to believe and tie themselves to the first information they receive. It is likened to an "anchor" fixed at a point; if this psychological effect strongly influences them, it will be very difficult to shake their thoughts and beliefs about that concept.

Binance has just announced it will support the airdrop of Wise Monkey (MONKY) tokens, a program designed to reward the community holding FLOKI and ApeCoin (APE). This move demonstrates Binance's commitment to supporting new projects and appreciating loyal users.
_Detailed information about the airdrop
For FLOKI holders
Total allocation: 2.7 trillion MONKY.
Start date: 15/12/2024, at 00:00 (UTC).
Rate: 1 FLOKI = 0.35 MONKY.

The Financial Services Agency of Japan (FSA) has recently implemented stringent measures against several well-known cryptocurrency exchanges for regulatory non-compliance. The targeted exchanges include Bybit Fintech Limited, KuCoin, MEXC Global, Bitget Limited, and Bitcastle LLC.
This action aims to ensure that cryptocurrency laws in Japan are fully enforced, protecting consumer interests and maintaining market transparency and stability.

Analysts warn that Ripple's XRP may be experiencing a price increase "due to leverage" as the price of this asset skyrockets to its highest level since 2021.
In a post on X on December 1, analyst Maarten Regterschot from CryptoQuant pointed out that the open interest (OI) of XRP – a measure of open derivative positions – has surged in the last 24 hours, warning that this sudden increase could lead to a rapid sell-off.

XRP, the native token of Ripple, has just reached a significant milestone by surpassing the 2 USD mark, marking the second time since January 2018. With strong growth momentum, the market is questioning whether XRP can continue this rally or if a price correction is waiting.
_Market Sentiment and Current Performance
Current price: XRP is trading at 2.39 USD, up more than 22% from the opening price on December 1st to now.

Bitcoin (BTC) is currently trading at $97,290, having recorded a 129% increase year-to-date. This growth is primarily driven by the results of the 2024 U.S. presidential election and the halving event in April 2024.
According to data from ICO Analytics, Bitcoin increased 37% in November 2024. This data, tracking Bitcoin's monthly performance from 2011-2024, shows that there are only three other years when Bitcoin had a higher percentage increase in November, including 2013 with a 459% increase, 2017 with 54%, and 2020 with 42%.

People often regret the things they have invested time, emotions, money, and effort into. For example, if you have a 5-year relationship, even though you feel you have lost your feelings, you continue because you regret the time, money, and youth you have spent on that relationship.
After reading that analysis, I feel that I also suffer from that situation in investing, and after researching, I found that in investing there is an effect called Sunk Cost - sunk cost. This is a type of psychology that causes investors to continue investing in a project despite it being unprofitable, simply because they have already invested their money, time, effort, and enthusiasm into it. Even though reason tells them that 'this project is still going down,' the emotional part of them still chooses to continue investing, resulting in losses. This is called 'sunk cost.'

Bitcoin and Ethereum have made impressive progress recently, with Bitcoin reaching an all-time high. Although both top coins are receiving special attention, BTC and ETH are both aiming for new targets — $100k and $4k respectively.
So, which cryptocurrency is more promising?
Bitcoin is dominant
As mentioned, Bitcoin set an all-time high in November 2024, while Ethereum reached its ATH during the bull run of November 2021.

XRP is attracting market attention as it maintains impressive upward momentum recently. Currently, XRP is trading above the important level of $1.50 and has increased over 20% in the past week. However, will this upward trend continue, or will the market face a correction?
Technical Analysis: Important Resistance and Support
To understand the price outlook for XRP better, attention should be paid to key resistance and support levels.

Bitcoin (BTC) rose above $98,500 on November 29, indicating that bulls remain determined to push the price above the significant psychological level of $100,000. An analyst from CryptoQuant, Caueconomy, revealed that Bitcoin whales bought about 16,000 BTC during the price drop on November 26.
Alongside Bitcoin, traders are also focusing on Ether (ETH). According to a spokesperson from Bybit, their analysts predict that ETH will reach $4,000 before January 20, when President-elect Donald Trump takes office.

In love, when you are in a relationship with someone for too long, when you have lost feelings, it is very uncomfortable or feels constrained and pressured to want to break up but the result is still to stay... And in investing, it is the same, even if there are losses, you still do not cut and continue to inject capital into the investment. Have you ever thought about why that is? In this article, I will answer some of your questions about it.

Chinese gaming giant Boyaa Interactive, listed on the Hong Kong Stock Exchange, has made a notable strategic move by converting a large portion of its digital assets from ETH to BTC.
According to a filing submitted on November 29, Boyaa converted 14,200 ETH into approximately 515 BTC through an open market transaction with a total value of $49.48 million. Previously, the company had purchased this Ethereum at an average price of $2,777 per ETH, totaling $39.45 million.

Over the past decade, the global money supply has increased by more than $50 trillion, creating a favorable environment for the digital asset market, especially Bitcoin. As a hedge against inflation, Bitcoin has benefited greatly from the dramatic increase in money supply. However, recently, as the global money supply has decreased sharply, Bitcoin has faced many challenges in reaching the $100,000 milestone. This raises the question of whether the trend in global money supply is related to Bitcoin's volatility.

Bitcoin has fallen to $95,000 after failing to reach the iconic $100,000 mark. However, according to ARK Invest, a leading investment management company, this is just a pause before Bitcoin continues to conquer new heights.
“We expect Bitcoin to trade between $104,000 and $124,000 by year-end,” ARK Invest researcher David Puell said in an interview. “While not an investment recommendation, the price action so far has been consistent with this forecast.”

Continuing with this series, sometimes I rely on luck to be right or rely on instinct to achieve my goals, after several consecutive times like that, I tend to become confident in my instincts. Just like in investing, many times I think "I should" Short/Long and I make a profit. Gradually, I become too confident in my judgment ability. And the next psychological effect in this series is the "Overconfidence Bias" - and how this mentality will affect us.

In this life, there are things we do not like or it has not made us like it enough to buy it, and sometimes we still buy it without understanding why. So this article will tell everyone about that reason. If you find it interesting, please give me a like and a comment to share your thoughts!
Coming to our main character "Herd mentality effect", the herd mentality is a negative psychology not only for investors in particular but also a general psychology of humans. In investing, people are easily influenced by the crowd leading them to make orders/investments without researching the market or market data. This is the most common and easily fallen into mentality that leads investors to risks and losses.