I guess you have all seen this picture. Have you ever thought about why Sun Yuchen has been active in the cryptocurrency circle while other founders have either been imprisoned or disappeared? It's just because he did two things right.
As early as 2016, Jiang Zhuoer published an article saying that 4,000 yuan (yes, it's RMB) was the real starting point of the bull market. At the same time, a novice paid to ask Sun Yuchen, who was then known as "Jack Ma's disciple", on Weibo whether to buy Bitcoin. Sun Yuchen's answer was: The price of 6,000 yuan is not cost-effective, and it is not recommended to buy.
Time soon came to May 2017, when the price of Bitcoin rushed to about 18,000 yuan, and the market was hot. Lao Mao's Yunbi.com first released the quantum chain, with an ICO price of about 2 yuan per coin. After the opening, it quickly soared to more than 50 yuan, more than 20 times. This phenomenon triggered the ICO craze of ETH, which is essentially the same as today's MEME craze.
But copying is copying, Sun Yuchen did two things right.
The first thing happened after the turmoil on September 4, 2017, when Justin Sun quickly transferred BTC and ETH out of China
Just came back from Hong Kong. According to industry insiders, these ten coins are expected to rise. 1. SOL, expected to reach $350 in July-August 2. TON, expected to be $18 in September-October 3. XRP, expected to be $1.5 in August-September 4. MATIC, expected to be $1.8 in July-August 5. BNB, expected to be $700 in July 6. ETH, expected to reach $4,500 in July 7. TIA, expected to reach $35 in July-August 8. BTC, expected to reach $80,000 in July #BTC #ETH #现货以太坊ETF获美SEC批准 Home Page Follow me to the cow house! Get rich
Dogecoin and Shiba Inu prices slipped before Bitcoin crashed! Can DOGE and SHIB still turn things around?
As other coins rebounded, these meme coins faced a lot of upward pressure, but DOGE and SHIB had difficulty breaking through their respective resistance levels.
Dogecoin (DOGE) Price Analysis: After a sharp drop in the past few days, Dogecoin has pulled back sharply since the beginning of this week. The mid-week plunge took Bitcoin below $95,000, dragging down the entire market, and DOGE also fell from a high of about $0.32 to nearly $0.26. Although bulls worked hard to pull the price back above $0.31, the rebound was still affected by bearish sentiment and the trend was relatively weak.
The weekly chart of Dogecoin (DOGE) shows that the price is still suppressed by bearish sentiment.
Therefore, although Dogecoin is still facing bearish pressure, if the price can close above $0.35, the current bearish trend may be broken.
Shiba Inu Coin (SHIB) Price Analysis: In addition, the price of Shiba Inu Coin has broken below the rising wedge, which has led to a price plunge of more than 30%. Although there is a possibility of a short-term rebound in the price, from a technical point of view, the current trend shows signs of reversal. SHIB price may further adjust and may even fall below $0.00002.
MACD shows weakening buying momentum and a bearish crossover. At the same time, as the bearish trend gradually ends, the Ichimoku cloud begins to turn bullish. #萨尔瓦多增持BTC #USUAL走势分析
Focus on counterfeit rotation opportunities and lay out the best cryptocurrencies with 50-100 times potential in advance!
ZEN\$LPT
$ZEN and $LPT are the only two favorites of Grayscale, currently fully nurturing ZEN. I believe after pulling ZEN, Grayscale will buy LPT, and LPT will eventually start buying like ZEN. For those who missed out on ZEN, there are two options: those who are bold can continue to chase ZEN, and those who are cautious can ambush LPT.
LPT also has 50 times potential.
$AAVE
Aave DAO has approved a joint incentive campaign to promote the adoption of PYUSD on Aave and increase the liquidity of PYUSD/GHO. This will be achieved through a newly created Balancer pool on Ethereum. The plan aims to increase the amount of PYUSD deposited into the Aave protocol, targeting a total deposit of 75 million units.
AAVE or Uni, these projects are in high demand and are truly quality assets. Trump's family project WLFI also holds AAVE, and they have recently increased their positions in Ethereum and ENA.
AAVE's TVL data is also significantly increasing. As a leader in the DeFi space, AAVE has held about 50% of the market share over the past three years,
$SAND
Sandbox is a renowned platform that connects blockchain technology with the gaming industry. This approach targets a significant opportunity, as the application of blockchain in gaming is still relatively underdeveloped.
Since its establishment, the platform has been dedicated to reshaping the gaming industry by providing a virtual ecosystem where users can create and trade blockchain-based assets. This strategy has earned The Sandbox a unique position in the global gaming market. #加密市场反弹 #PCE通胀降温
Can Solana rise to $300? Is this the next big cryptocurrency rebound?
In the past few weeks, the cryptocurrency market has been as volatile as a roller coaster.
Bitcoin has been stumbling, many tokens have dropped, and investor confidence has shaken. But amidst this turmoil, one blockchain giant stands firm: Solana.
Despite numerous challenges, Solana's price has shown incredible resilience. Now, thanks to the groundbreaking initiative by asset management firm Bitwise, Solana's price could soar to $300 or even higher.
Recently, the overall cryptocurrency market has shown a downward trend, with prices declining and investors feeling uneasy. But Solana (SOL) seems to be different.
While many digital assets are in distress, Solana has remained around the $210 level, even briefly rising to $217.
Things are starting to get interesting: some analysts believe this is just the calm before the storm. This storm could push Solana to a new all-time high of $300.
A major driving force behind this bullish sentiment is Bitwise's latest product: the Solana Staking ETP (Exchange-Traded Product) in Europe, abbreviated as BSOL.
The ETP can be seen as a way for investors to buy and hold Solana without dealing with the complexities of blockchain wallets or exchanges.
And it's not just passive income. Bitwise's BSOL offers a generous yield of 6.48%.
In addition to the Bitwise news, Solana's price chart has also sent positive signals.
Popular cryptocurrency analyst Crypto Jelle believes Solana is forming a 'descending wedge'—a classic pattern that often signals a strong upward breakout.
In just 3 days, BTC dropped from $108,000 to a low of $92,000, a decline of nearly 15%. This recent pullback has served as a wake-up call for us to learn to respect the market; long-term investments should avoid leverage! Even with 2x leverage, there is a possibility of liquidation!
The market is interesting this way; when it rises, there's joy all around, and when it falls, there's despair everywhere. In November, Bitcoin also experienced a rise from $80,000 to over $90,000 in just 3 days. Looking back at past coin prices, you have to get used to and accept such declines and fluctuations!
In fact, behind Bitcoin's volatility, market sentiment is the real driving force. When prices rise, everyone fears missing the opportunity and rushes to buy; when prices fall, there's panic selling, fearing further losses. This emotional cycle drives the market's violent fluctuations, providing space for short-term investors to operate.
However, what truly determines Bitcoin's future trend is its long-term value. The popularization of the Bitcoin concept, the influx of institutional funds, and the global recognition of Bitcoin all provide a solid foundation for its future. Short-term fluctuations are inevitable, but the long-term trend remains promising.
Of course, this does not mean that market sentiment can be ignored. Although emotional reactions are short-lived, they are sufficient to drive capital flow and influence short-term price trends. Therefore, smart investors need to learn to remain calm amid emotional fluctuations, while also going with the flow; they should carefully plan when market sentiment is high and seek opportunities when there is market panic.
Talking about the altcoin market: Ethereum has only been good for a few days before being knocked back to reality:
The ETH/BTC exchange rate hasn't rebounded in the past week, having fallen below 0.034. I checked, and this is already at the level of 2021. In previous bull market conditions, this exchange rate should have been rising, so it seems that ETH has indeed lagged behind this year. This further indicates that the traditional altcoin bull market hasn't appeared yet. I can only say that those holding ETH and altcoins have worked hard; Ethereum, as the leading altcoin, is not performing well, and the performance of other altcoins is even harder to describe.
This is the current state of the altcoin market. I saw an old friend say that the market is now dominated by American institutions. In the eyes of these large funds, there is no altcoin besides Bitcoin and Ethereum, so this round of market activity cannot have an altcoin bull market. I strongly disagree with this view.
I can accept that large funds only focus on Bitcoin, but altcoins are definitely essential helpers in the growth process of Bitcoin. Altcoins provide financial leverage for Bitcoin's rise and are the main force attracting retail investment.
Given the scale and price of Bitcoin, it's challenging for retail investors to get involved. This is an important link in Bitcoin's positive cycle. Conversely, when Bitcoin encounters an upward bottleneck, funds will flow into altcoins to nourish them and lead them into a bull market. This will attract more people to enter the market. The two are complementary, and this has been the model used in several bull markets; this time is no exception.
So be patient; the altcoin bull market will eventually arrive.
Remember the days of being beaten; don't suffer in vain! This is not Niuding, the legend of the mountain village has not yet appeared. These 3 types of altcoins may rise against the trend!
1. USUAL
Usual: The new star of stablecoins that has sparked a DeFi storm, ushering in a new era of decentralized finance! Usual, a stablecoin issuer leading the revolution, focuses on granting users ownership and governance rights, creating unprecedented waves in the field of decentralized finance (DeFi). Its core token $USUAL is not only the governance hub of the protocol but also allows holders to control the ecological infrastructure and fund direction.
2. OM
MANTRA (OM) has shown significant growth and strong market activity. Its current price is $3.99, reflecting a 1.39% increase over the past 24 hours. The market capitalization of this token is $3.78 billion, with a 24-hour trading volume of $119.23 million, up 35.76%. Its fully diluted valuation (FDV) is $7.16 billion, with a total supply of 1.79 billion OM tokens. Sentiment around MANTRA DAO remains bullish, with the fear and greed index showing a high level of “greed” at 75.
3. AVAX
Avalanche (AVAX): A star project where stability and volatility intertwine, with strong liquidity! The current price of Avalanche (AVAX) is $39, with a slight pullback of 7.55% in the last 24 hours, and a market cap of $17.47 billion. Notably, its 24-hour trading volume surged by 57.28%, reaching $1.27 billion, with a trading volume to market cap ratio as high as 7.29%, demonstrating strong market liquidity and activity. #加密市场反弹 #比特币市场波动观察
Price Trends of Dogecoin (DOGE) and Shiba Inu Coin (SHIB) Amidst the Turmoil in the Crypto Market
In-Depth Analysis of Dogecoin (DOGE) Price
(1) Recent Downward Trend After experiencing a severe drop in the past few days, Dogecoin's price has embarked on a downward path since the beginning of this week. The mid-week crash caused Bitcoin's price to drop below $95,000, which in turn affected Dogecoin's price, bringing it close to $0.26, a significant decline from the previous high of around $0.32. However, bulls are fighting back, successfully pushing the price back above $0.31, although the current rebound is still overshadowed by bearish sentiment.
(2) Weekly Chart Technical Analysis
The chart pattern and Relative Strength Index (RSI) seem to present a similar pattern. If bulls can maintain the support level of $0.33 before the end of this week, Dogecoin is likely to see a new round of upward movement.
Conversely, if the price fails to hold this support level, it could likely dip further below $0.20, triggering a massive sell-off.
(3) Future Trend Outlook In summary, bearish fluctuations remain a significant obstacle to Dogecoin's price rebound. However, if its closing price can break through $0.35, the current bearish trajectory will be disrupted.
In-Depth Interpretation of Shiba Inu Coin (SHIB) Price
(1) Plunge After Breaking the Ascending Wedge After breaking the ascending wedge, Shiba Inu Coin's price faced a sharp decline of over 30%. Although there seem to be signs of a bottoming rebound in the current situation, technical indicators convey different signals.
(2) Contradictory Signals from Technical Indicators The Moving Average Convergence Divergence (MACD) shows a downward trend in buying volume, and the indicator suddenly turns towards a bearish crossover, which suggests that prices may further decline. However, the Ichimoku Cloud is gradually turning bullish, indicating that the current bearish trend may come to an end. Additionally, the bullish crossover between the baseline and conversion line could potentially invalidate the current bearish trajectory.
(3) Importance of Key Trading Periods
Therefore, Shiba Inu Coin's price is currently in a critical decisive stage, and the trading situation this weekend will have a more profound impact on its price trend for 2025. #比特币市场波动观察 #加密市场回调
Shiba Inu Coin (SHIB) Stunning Counterattack: Aiming at $0.0000998 in 2025, is the feast of wealth about to begin?
Shiba Inu (SHIB), the second-ranked meme coin in the cryptocurrency field, has fallen 6.30% in the past 24 hours after hitting a daily high of $0.0000261.
SHIB's decline echoes the plunge in the entire cryptocurrency market, and even Dogecoin (DOGE) has fallen 5.83% in the same period.
However, even at a relatively low price, bullish predictions for SHIB continue to emerge.
SHIB's trading price first rebounded from a daily low of $0.00002282 to $0.00002401.
Although the digital asset has fallen 72.83% from its all-time high of $0.00008845 three years ago,
In the past 24 hours, the destruction rate of SHIB tokens has jumped by 69.28%, with a total of 6.18 million tokens destroyed. Overall, 410 trillion SHIB tokens have been destroyed out of its total supply.
Generally speaking, the more SHIB tokens are destroyed, the more likely it is that its price will rise sharply.
With a current market value of $14.15 billion and a 130.01% increase in price since December 2023, Shiba Inu Coin (SHIB) is still a relatively outstanding performer in the market. However, the relative strength index (RSI) in the daily chart below shows a value of 40.61, which indicates that the bears are in control of the price trend. #USUAL持续飙升 #比特币市场波动观察
The three most suitable coins for bargain hunting right now! ! !
Solana (SOL)
Solana, a blockchain platform known for its high performance and low cost, has its native token SOL trading at US193.45*** today.
In the past 24 hours, SOL’s trading volume was as high as **US9,790,747,920, but the price fell by 7.62%. Looking at the longer term, the price of SOL fell by 14.32% in the past week. Currently, the circulating supply of SOL remains at 479.26 million.
Monero (XMR)
Monero (XMR), as an open source cryptocurrency based on the CryptoNote protocol, has been on a mission to provide ultimate privacy protection and anonymity since its launch in April 2014.
Today, the trading price of XMR is US197.22**, and the trading volume within 24 hours is **US134,252,289. Although the price fell by 7.62% and 7.21% in the past 24 hours and 7 days respectively, the circulating supply of XMR remains stable at 18.45 million pieces, with a market value of approximately US$3,622,983,009
Binance Coin (BNB)
Binance Coin (BNB), as the native token issued by Binance, a world-renowned cryptocurrency exchange, has won the favor of the market with its stable performance and wide range of application scenarios since its launch in July 2017.
Today, BNB’s trading price is US671.73**, and the trading volume within 24 hours is **US2,312,379,994. Although the price has dropped by 4.13% and 5.16% in the past 24 hours and 7 days respectively, the circulating supply of BNB remains at 145.89 million pieces, with a market value of US$98,089,734,319.
Altcoins ETIH, SOL, and DOGE face stronger corrections ETI loses key support at $3,500 The top altcoins have also been trading dismally amid the recent broader market decline. ETH price has seen a sharp 9% correction over the past 24 hours, losing the key $3,550 support level and is currently trading at $3,346. Ethereum could test $3,000 again before rebounding. In addition, the selling behavior of Ethereum whales has also intensified recently. Blockchain analysis platform LookonChain reported that the recent drop in Ethereum prices has prompted large investors to actively sell ETI to repay debts.
Five common mistakes that can make you lose money when trading cryptocurrencies!
Altcoins are always full of temptations and risks. When prices soar, many investors are prone to emotional decisions, which lead to losses.
1. Not setting clear profit targets When the market is rising, it is easy to indulge in the fantasy of "going up a little more" and eventually lose the realized gains when the market reverses. Turn profitable orders into losing money! (Leave when you make money, no pattern!) How to avoid: Set clear profit targets for each investment. Gradually stop profits in stages to lock in profits into real funds.
2. Follow the hype without a plan! The appeal of hot projects is irresistible, but chasing high prices often leads to losses when the heat subsides. Like to chase highs and hot spots! (Chasing highs will die) How to avoid: Avoid impulsive trading driven by FOMO (fear of missing out).
3. Ignoring risk management Investors in a bull market tend to be overconfident, invest in full positions or leverage, or even hold a single high-risk asset, which may lead to devastating losses. (It hurts to cut meat, but it is not fatal!) How to avoid: diversify your investment portfolio and transfer part of your funds to low-risk assets such as stablecoins. Set a stop loss to reduce the potential risk of a single investment.
4. Overconfidence leads to increased risk When the market is rising overall, investors tend to mistakenly think that they have mastered the market rules and take greater risks. (Respect the market) How to avoid: Stay humble and respect the uncertainty of the market. Always control your position to avoid exposing too much risk due to overconfidence.
5. Chasing impossible 100x returns Looking for the next "100x coin" often falls into the trap of speculating on inferior projects and ultimately loses the principal. How to avoid: Invest in high-quality projects with strong fundamentals and real use cases. Remember, most huge returns come from holding high-quality assets for a long time. For example, BTC and BNB
Bitcoin has fallen below $100,000, will altcoins usher in an explosion? One day in the cryptocurrency world is like ten years in the human world!
One day in the cryptocurrency world is like ten years in the human world. Even if the current volatility in the cryptocurrency world is much better than before, it is still difficult to compare with traditional industries.
Because each of us has different capital size, different types of transactions, different transaction levels, different abilities to create cash flow off-site, different levels of trading technology, different perceptions of investment, speculation and gambling, different risk control, risk tolerance, etc., the final results will definitely be different. This is an objective fact.
Just like yesterday's market, for me, there was no impact at all. Through continuous learning to improve my cognition and professional skills, I can clearly know that the trend has not reversed, and I know that the bull market is still there, and I know more clearly whether the chips I hold are of high quality.
Can the chips in my hands stand the test of the market? Will they be short-lived like the previous hot spots such as animal coins, inscriptions, memes, etc.?
Aren't these nutrients in the market? Is there a share of you here?
If you can't understand how you get returns in the market through your ability, strength and skills, you will eventually become a leek in this market. Don't look at whether you are profitable or loss-making at the moment. The result is destined from the source. This is cause and effect, and it is also the law of the market. Focusing more on improving cognition and mastering professional skills is more practical than watching the anxiety caused by market fluctuations and seeing the ups and downs of prices.
If you feel pain and suffering during the transaction process, then find the reasons behind these pains and sufferings and solve them, instead of hoping that the next time luck brings you happiness. Investment must be comfortable and the process must be smooth.
Otherwise, what is the purpose of making money? Don't focus on the results, especially the results of your own desire to make money. Think more about why you can make money?
In fact, this decline is not that complicated. I feel that it has risen too much, and it is just a normal correction. However, this time the correction is a bit fierce. There are several reasons for this!
First, the Federal Reserve does not have the authority to purchase reserve Bitcoin. It is just a monetary management agency. The law does not support its purchase at all, and Bitcoin is not a legal currency.
Second, there are so many people in the world who are not interested in Bitcoin. Have you been kneeling for a long time and looking for recognition everywhere? How many years has gold been around, and there are still people who are unwilling to buy it. When everyone enters the Bitcoin market, there will be no more fun in this market.
Third, one of the reasons for this decline should be that the expectation of interest rate cuts in 25 years has been reduced from 4 to 2 times, and this is not the main reason for this decline. More importantly, whether it is the US stock market Nasdaq or Bitcoin, it has risen too much before, and it only fell because it needs to fall. It's that simple.
You have to believe that the bull market will not end so soon. Reverse to pick up people. The Trump family is trapped. Why are you panicking?
90% of the Trump family's funds are heavily invested in Ethereum. They are already trapped. Yesterday, they were still buying coins despite the big drop. Reverse to pick up people and keep steady. If you are trapped, there is also the President of the United States to accompany you. What is there to panic?
This is the most equal experience you will have with the most powerful person in the world in your life. Yesterday, the Trump family dared to cover their positions despite the big drop. The cultivation of leeks is already in place. Why panic? Reverse to pick up people and keep steady. We can win.
Spot users have nothing to worry about. Be prepared for a month of adjustment. There is nothing to say about the long cycle of Bitcoin. It has been rising. I am very optimistic about the market next year.
"Black Swan" liquidated over 100 million yuan! Bitcoin fell and exploded! The cottage industry collectively pulled back, "Falling and falling? It's a good time to buy at the bottom! How to accurately arrange the currency circle when the price is low
After Bitcoin rebounded from a high of $98,000 to $102,000 yesterday, it started a new wave of decline, with the lowest price falling to $95,682 around 5 a.m. this morning. At the time of writing, it was reported at $97,707, down 3.85% in the past 24 hours.
$1 billion liquidated in the past 24 hours On the other hand, according to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations reached US$1.003 billion, with long positions liquidating US$859 million, accounting for the majority, and short positions liquidating US$169 million. More than 300,000 people were liquidated.
“The price keeps falling? Now is a good time to buy at the bottom! How to make accurate layout when the price of the currency is low and make a lot of money!”
Recently, Binance has been launching new coins like crazy. Binance has recently launched 6 new projects, further diluting the already illiquid market!
At this time, we need to consider which target will be the first to take over after the callback, when Bitcoin continues to rise and consolidates, and when funds overflow, I think this cycle should not change much. Like the previous three cycles, when the BTC price rises to a certain level, such as 110,000 or 120,000, funds begin to overflow to ETH.
BlackRock is currently promoting mainly on BTC and ETH. BlackRock said, "For our customers, BTC is definitely the first priority, followed by a little Eth, and very few other things.
So you see, BlackRock's view has always been very clear that BTC is the first priority, followed by ETH, and then other altcoins. This is almost beyond doubt. The main meaning of this passage is to promote ETFs related to Bitcoin and Ethereum rather than developing ETFs involving other altcoins."
The Hong Kong Peninsula Hotel, in front of the media cameras, Sun Yuchen ate that banana, worth 6.24 million dollars.
He purchased it through Sotheby’s 7 days ago. Previously, no one expected it to fetch such a high price, no one expected the buyer to be Sun Yuchen, and no one expected it to be eaten so quickly.
Curiosity, mockery, and controversy surged like the sea. At the center of the storm, Sun Yuchen said this was an act of "decentralized" art, and that banana has returned to the story.
This is the focus he desired and the expression he wanted.
He has an obsession with expression. 17 years ago, his means of expression was literature. That spring, he won first prize in the 9th New Concept Writing Contest, with previous winners being Guo Jingming and Han Han.
That year, 55 people won first prize, and the award presenter was the writer A Lai. During the award ceremony, A Lai patted each winner on the shoulder and said, "Young people, there is great hope," but Sun Yuchen believed he was saying it just to him.
On the day of the auction, Sotheby’s staff bought the banana at a fruit stand in Manhattan's East Side for 35 cents. At the auction, 7 people bid, with 32 rounds of bidding, and the final sale price including fees was 6.24 million dollars, a value that multiplied by millions.
Sun Yuchen said that within half a minute after the bidding, media outlets like The New York Times and CNN wanted to interview him, and he immediately realized that the banana would become a hot topic. He decided on the spot to "hold a press conference to eat it."
Seven days later, at the press conference, he ate the banana and during his speech, he said this work has had countless pieces of tape and bananas exchanged in different exhibitions, without the constraints of time or place, and this is the charm of "decentralization."
He does not shy away from the promotional effect of the incident, candidly stating that "the banana has more traffic than I do," and "even my relatives in my village are asking about this matter." #美联储放鹰 #加密市场回调
Cryptocurrency tycoon - Pepe, BTC's last huge increase at the end of the year!
Bitcoin represents a new financial asset, and its decentralized nature makes it particularly important in the digital world. As we move more and more in the virtual world, a universal "currency" may be needed for transactions in the future, and Bitcoin may be the best candidate for this role.
When it comes to the cryptocurrency market this year, PEPE's performance can be described as a dark horse. Its increase of more than 1,600% ranks second among all cryptocurrencies, second only to the Solana-based Dogwifhat (WIF) meme token, which has increased by 1,400%. #圣诞行情预测 #PEPE创历史新高