🔮🚀 Solana crushes Ethereum in DEX for three consecutive months!
📅 In December, Solana continued to outperform Ethereum in the decentralized exchange (DEX) industry for the third consecutive month.
Thanks to the growing popularity of memecoins, Solana recorded record transaction volumes, thereby consolidating its position against crypto giants like Ethereum.
In December 2024, Solana's transaction volume reached over 97 billion dollars, far above the 22.6 billion dollars registered in the same period of the previous year.
☝️ Notably, it was the third consecutive month that Solana surpassed Ethereum, which had dominated the crypto industry for years. Ethereum protocols recorded a volume of over 74 billion dollars, while Base and Arbitrum processed 42 billion and 37 billion dollars, respectively.
In November, Solana also performed well, with a volume of 129 billion dollars in its DEX networks, higher than Ethereum's 70.6 billion dollars. A month earlier, Solana processed a volume of 52 billion dollars, compared to 41 billion dollars for Ethereum.
The increase in Solana's DEX volume is due to the memecoin industry, which has continued to thrive this year. Solana has attracted thousands of memecoins this year, aided by the creation of Pump.fun, the largest token generator.
All Solana crypto memes have a market capitalization of over 14.1 billion dollars, led by Bonk, Dogwifhat, Popcat, and Peanut the Squirrel.
Many brothers do not understand why the high-level market is obviously in a bearish trend, yet Bitcoin has risen again. So, Brother Lie observes that many short sellers in the square are about to incur heavy losses! In fact, using Brother Lie's five-wave analysis method, any bearish trend, when encountering strong support and completing four waves, as long as the fourth wave does not break the lowest point of the first wave, will lead to a fifth wave, which is a strong rebound of the main upward wave. This strong rebound can test higher level resistance! Therefore, you see, as long as the main upward wave is pulled up, it is very difficult for it to come down immediately; it will only charge upward like a wild horse, crashing towards the upper resistance! So, short sellers must not go against the main upward wave; otherwise, if they don't manage their positions well, they will incur greater losses and may even face liquidation! Remember!
The market is back, brothers, hold on tight Many coins can be bought, but just hold them steadily, no need to overthink, they will all comeback. Wishing everyone a Merry Christmas Eve, and I will continue to give out red envelopes! Answer: Merry Christmas Eve
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I. Analysis of the Macroeconomic Market Environment 1. Impact of Traditional Financial Markets During the Christmas period, major financial markets in Europe and America are usually closed or have low trading volumes. This can lead to a relative slowdown in global capital flow and a decrease in market trading activity. For the cryptocurrency market, on one hand, this may reduce the inflow or outflow impact from traditional financial markets, but on the other hand, it may limit price fluctuations in the crypto market due to a lack of external new capital support, resulting in overall market performance characterized by consolidation or slight fluctuations. At the same time, market sentiment may be relatively optimistic and relaxed around Christmas, and investors' risk appetites may change. Some investors may transfer funds from the higher-risk cryptocurrency market to relatively stable assets for hedging or allocation, which could exert some downward pressure on cryptocurrency prices.
Merry Christmas everyone! The holiday market is looking good. Originally, we expected a 1000-point pullback for $BTC , but it surprised us by bouncing back directly.
Then the altcoins also experienced a surge.
The gloom from the previous pullback seems to have been washed away.
Hope today really marks the beginning of the altcoin season.
🚀 Love in the deep winter, the rise is dizzying.
🎄 Wishing everyone a Merry Christmas Eve + Christmas!
🔥 Let's drop a little red envelope in the comments.
The free live analysis below is available for listening at any time 29 minutes and 30 seconds, accurate analysis of Bitcoin rebounding from the W-shaped double bottom near 92500📈📈4000 points already Merry Christmas🧑🎄🎄Come and get the red envelope🧧⬇️
#btc Brother Lie reminded me in time. After I sent the following article, the big cake pulled up a big positive line. This is the magic of the five-wave analysis method! The four-wave consolidation of this big cake at the 30-minute level is indeed a bit too slow, but the fifth wave of rise (main rising wave) is still as expected! Okay, let's go back to the market. At present, the 30-minute level has hit 5️⃣ positive lines in a row! The bulls are strong. Next, pay attention to the purple high-pressure area, and there is a key pressure level 1️⃣98454 above. Of course, if it breaks through and stands on 98454, you can pay attention to the 100380 pressure level! Overall, although the large-scale bearish trend has not changed, it would be a pity to miss the main rising wave rebound at the minute level, including the cottage market. Brother Lie has also reminded the brothers that the wind is rising!
$PENGU Fat Penguin, also has a strong connection with me, just like my nickname, Penguin, follow me, and you won't get lost.
These past few days have been quite a wash, this afternoon the second largest exchange in Korea released a notice supporting Pengu with the Korean Won, leading to a rise of several points, and the market sentiment was also boosted, almost all the knockoffs rebounded today.
Pepe (PEPEUSD) is trying to recover - Analysis - 12-24-2024
The price of Pepe (PEPEUSD) has advanced during its recent trading at the moment levels, due to the stability of the pivotal support level of $0.000017223, which gained it some positive momentum, especially with the beginning of the emergence of positive signals in the relative strength indicators, after reaching areas of severe saturation with selling operations, and in light of the dominance of the main upward trend in the short term and its trading along the trend line, so that the price tries with this rise to get rid of the negative pressure of the previous 50-day simple moving average, to announce its full recovery after that.
Therefore, our expectations suggest that the price of the currency will rise during its upcoming trading, but with an important condition, which is the stability of the previously mentioned support level of $0.000017223, to target the pivotal resistance level of $0.000028362.
Expected trend for upcoming trades: Likely to rise $PEPE
Although the market rebounded late, it arrived as expected. It is uncomfortable to be trapped, but it is even more uncomfortable to sell at a low price. The market rebounded again. This is the most uncomfortable operation. In the past period of time, no matter how difficult the market was, Taco did not let friends sell a chip, but added some cheap chips
From the trend, the big cake has just broken through the resistance near 95600. It can rise better if it steps back to this position. The resistance near 99600 above still exists. The overall trend is also turning upward
Taco vaguely remembers that RWA ignited the market in the last bull market. The outstanding performance of ZEN and LPT in the past two days can be said to have rekindled the passion of the entire market. With the new mine of BNB, the market sentiment is igniting
Now just wait patiently for Taco to update the position of reducing positions. After this round of reducing positions, we need to make adjustments to the ambush currencies. The times make heroes. Go with the trend and ambush the next hot spot. Let's move forward with Taco
Happy Christmas Eve, my dears. I love you all😘😘 I wish you all eat golden apples at night🍎🍎 $ENA $RAY $FLOKI #币安Alpha第6批项目上線 #灰度提交Horizen信托文件 #加密市场反弹 #币安LaunchpoolBIO #币安LaunchpoolBIO
#加密市场盘整 Gm, I did a short-term trade early this morning, and ended up getting myself into it. It plummeted by five points, and I lost a lot of money. I don’t want to talk about it, and I’ll wait for it to rise.
The good thing is that the currency used for swing trading can be long or short. If you are trapped, you can do it long-term, and treat it as covering your position. If you make a profit, treat it as a short-term trade, sell it later, and then roll it over.
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🚨🐋 BTC price at risk of a drop to $20,000: 5 things you need to know about Bitcoin this week🔮
Bitcoin traders are quickly adjusting their short-term outlook on the BTC price as support fails and the BTC/USD price heads even lower than $100,000.
Bitcoin starts the Christmas week on a bearish crossover, as BTC price support weakens and forecasters see the possibility of a significant drop.
A "bearish engulfing" on weekly time frames has traders nervous about the short-term outlook for BTC/USD.
Targets for a possible deeper correction include a return to former all-time highs of around $74,000.
U.S. labor data leads a quiet macro week, but markets are still reeling from last week's aggressive Fed meeting.
Those looking for long-term exposure in BTC have their first buying opportunity in two months, according to data from a dedicated indicator.
🚨$80,000 appears as a short-term target for the BTC price🚨
The holiday periods bring new challenges for cryptocurrency market participants due to extended "off-hours" trading periods.
The absence of the liquidity profile typically available on weekdays can exacerbate upward or downward movements.
Taking a broad view of the liquidity landscape on exchanges, trader and commentator Mark Cullen is now observing two key levels to watch in 2025. One will be painful for the bulls.