🚨Due to the impact of the state of emergency, South Korea's cryptocurrency trading volume has significantly increased, dropping from a peak of $25 billion to the current $6.7 billion. With the arrival of Christmas, the European and American markets will enter a holiday period, which may last until May 5th.
As the upward momentum dissipates, liquidity is expected to temporarily ease. This is a good time to leverage market consumption and adjust positions in preparation for the market after Trump's inauguration in 2025. Be cautious to avoid overly aggressive operations during this period.
In 2025, there are several key factors that could serve as potential catalysts for Bitcoin's upward movement:
1. The pro-cyclical effects of interest rate cuts and halving 2. Comprehensive regulatory policies for the crypto ecosystem under the Trump administration 3. The appointment of a pro-crypto SEC chairman 4. Continued rise in institutional participation 5. The 2025 Bitcoin Conference (May) will attract market attention
Dogecoin (DOGE) price 'stuck' at $0.404, market sentiment 'plunges' into the abyss
Recently, the market sentiment for Dogecoin has turned negative. Data shared by analyst Ali shows that the weighted sentiment has dropped to -0.597, reflecting a gloomy mood among traders. Since November, the price of DOGE has generally remained around $0.404, lacking upward momentum and failing to break through previous highs. Decline in social discussions and sentiment At the beginning of this year, the price of Dogecoin surged significantly, accompanied by a spike in social volume. It rose from $0.060 in mid-October to $0.498 in early November, an increase of over 700%. During this period, social discussions about Dogecoin were frequent, and investors were filled with excitement.
Key Issues in Listing BN: Chip Allocation and Market Reaction
1. The real contradiction in listing BN does not lie in the selection of the asset, but in how to reasonably allocate the chips at the opening. Specifically, the key question is whether different groups, such as airdrop recipients and BNB holders, will dump the chips after receiving them, or how to allocate these chips to avoid irrational market fluctuations.
2. For projects with a market capitalization between 300 million to 500 million USD at the opening, it is nearly impossible for the project side to absorb the selling pressure at launch, especially from a compliance perspective, as using financing funds to bear such risks is also unfeasible. The most realistic approach is to rely on market forces to balance this process.
However, the project side still needs to plan to unlock airdrop chips in batches and inform the community in advance to avoid extreme fluctuations at launch due to unreasonable chip distribution.
Further strategy design can consider implementing a long-term post-mining mechanism for BNB holders. This mechanism can be divided into two parts: one part involves 30 days of mining on the Binance platform, and the other part involves 3 to 6 months of mining on the project's platform (applicable to both public chain projects and RWA project sides).
In this way, 5% of the chips are allocated to BNB holders, where the first half can be seen as a fixed reward, while the second half depends on the holders' confidence in the project. Thus, holders' earnings rely not only on the system's allocation but also on their own judgment of the project, avoiding a situation where everything is taken at once.
XRP price is currently rising and has broken above the $2.50 area and is likely to break above the critical resistance level of $2.62 soon. The price is currently consolidating gains and the market sentiment remains bullish and is expected to extend gains further. XRP price breaks out of $2.50 range The price of XRP has broken above $2.50 and has started a new uptrend. The price reached $2.50 and the 100 hourly simple moving average (SMA), showing continued upward momentum. From the hourly chart of XRP/USD, a bullish trend line has been formed with support set near $2.53, further confirming the upward momentum.
ETH needs to reach 4880 to break the previous high, the options market shows a 5.3% chance of reaching a new high by the end of the year, and 25.5% by the end of January...
All coins rely on whales to pump the price, the biggest problem with ETH is that it has no whales, so don't hold your breath, fellow traders. I have no expectations for it anymore, at least the volatility is high, selling call options can achieve an annualized return of 20% in terms of the coin, and just getting a little boost from the overall market is enough.
Selecting quality altcoins indeed requires consideration from multiple angles, especially in popular sectors such as public chains, MEME, AI, gaming, L2, and DeFi, where the performance differences among various projects can be significant.
Taking MEME as an example, established MEME coins like People, Doge, and Floki are all being speculated on, but their performance differences are obvious. People’s price increase is relatively small, while Doge and Floki have experienced crazy surges. The analysis of the reasons includes the following points:
1. Narrative and topicality: For instance, Doge gained enormous traffic and capital injection due to multiple mentions by Musk, leading to speculation and driving up the price. Similar examples can be seen with Floki, where the team's speculation and marketing strategies pushed up the coin's price.
2. Community and team operation: The activity level of the project's community and the team's operations are crucial. A strong community can foster sustained attention to the project, while the way the team operates, such as proactively generating topics and promoting project progress, can directly affect the coin's trajectory. For example, some projects rapidly expand to other platforms after being listed on major exchanges, which can drive up prices.
3. Support from market makers: Many projects can obtain strong support from market makers, which to some extent ensures the liquidity and stability of the project. For instance, some mainstream public chains like Solana (SOL) and Injective (INJ) have successfully emerged from the previous cycle and reached new highs, while some other projects have failed to maintain competitiveness.
In addition, the investment team is also a factor that cannot be ignored. Projects like Solana, Injective, Sui, Aptos, Omni, and Alt have the backing of globally recognized forex market makers like JUMP Capital, which provides strong support for their price increases and market recognition.
Speculating on cryptocurrencies should be rational; the direction of market capital flows and the preferences of large funds are the decisive factors. Relying solely on personal emotions and speculation often makes it difficult to achieve long-term success. Rationally choosing projects and understanding the funding and team support behind them is essential to stand out in a volatile market.
The valuation of Bitcoin is not high here. There is a high probability that there will be a weekly buying opportunity in the next one or two months, not now.
However, there is no signal of inducement or top at this position. It just touched the upper edge of the channel and made a pullback.
The current pullback has come to the vicinity of the 4-hour moving average. There is support in the 104,000-105,000 range. If the support remains stable, the market may continue to fluctuate and even create a local high. In the short term, the price is expected to fluctuate in the green box area, and the local high range may be between 104,000-110,000.
Dogecoin (DOGE) Surge Hits the Brakes: At a Crossroads, Can It Rekindle the Fire of Reversal?
Dogecoin (DOGE) has recently seen its price fall below the key support level of $0.400, beginning a downward correction. At this point, the price is already below $0.4050 and the 100-hour simple moving average. On the hourly chart of DOGE/USD, a bullish trendline has appeared, with support located at $0.3950. The current price is around $0.3963, temporarily consolidating, possibly preparing for a subsequent rebound. Possible rebound path If the price of Dogecoin breaks through the resistance levels of $0.4050 and $0.4150, it is expected to initiate a new round of increases. In the short term, the price first needs to break through the immediate resistance near $0.4025.
12.17 The big brother leaves first, the younger brother follows
1. Bitcoin continues to hit new highs, taking on the role of big brother
BTC continues to reach new highs, becoming the leader of the market and driving the enthusiasm of the entire crypto market. Meanwhile, ETH is also steadily rebounding, returning above $4000, but altcoins are still in a phase of volatile consolidation.
2. The pattern of the past two years: BTC rises first, altcoins then explode
Bitcoin is usually the pioneer of the market, breaking through first and leading the rise. When its upward momentum weakens, it often enters a sideways consolidation phase. Subsequently, altcoins will experience an explosion. This pattern has played out multiple times over the past two years, and the market has gradually formed this rhythm. Therefore, keeping an eye on BTC's movements in the short term can provide reference for the upcoming altcoin market.
3. Risks and choices of investing in altcoins
Currently, investing in MEME-type, SOL-series, and inscription-type altcoins is not recommended, as these three categories have already been abandoned in the capital market and lack new growth momentum. In contrast, some older projects, such as EOS, IOTA, etc., may have stronger fundamental support and potential value re-evaluation space compared to the currently popular altcoins.
Key position: 108500-110000 The price is still very strong It will soon reach the target range for profit taking It will still start to take profit here Then see if the big channel breaks through
BTC is approaching the target level, expected to rise from 99k to 108k. It will oscillate in the green box for several days around this area, and Ethereum and altcoins will surge significantly.
1. Ethereum is heading for a new high and may lead the market charge
Ethereum is steadily breaking through the key $4,000 mark, and is currently only $100 away from surpassing the high in March. With this momentum, the breakthrough is not expected to be too slow.
If Ethereum breaks through the previous high of the year first, it will greatly boost market sentiment and drive a number of altcoins to rise simultaneously. As the "leader" in the market, Ethereum is expected to play a key role in the future bull market.
2. Daily and weekly level bullish trend, position strategy
From the daily and weekly lines, Ethereum is still in a clear bullish trend. Therefore, under this trend, investors are advised not to sell Ethereum easily. For altcoins, operations should be carried out according to specific market performance.
If it is found that some altcoins are experiencing a clear downward trend, it may be time to switch positions and concentrate funds on stronger currencies. The overall strategy should be "get rid of the weak and keep the strong", and prefer to hold assets with stable performance or great potential for growth.
Last night, Ethereum broke through $4,100. When I woke up today, the price fell again. However, the more this happens, the closer it is to the time when Ethereum can stabilize at $4,000. This also means that the transplantation stage of altcoins is about to begin.
Yesterday, Wanacoin, which was just launched, was once raised to $35 by the dog dealer, but was soon smashed back to $26. It was really a "dog dealer" operation, and the market was unstable. FTX's reorganization plan will take effect on January 3, and FTT subsequently rose by 30%. In addition, the founder of CRV began to buy back his own tokens, and BlackRock's ETF is flowing in every day, indicating that a big market is coming.
Yesterday, the price of CAT rose by as much as 80%, and today it stabilized at around 60%. This is the first meme coin recently launched by BN after CZ's speech. The BSC chain is also developing, and it will attract benchmark IPs. For example, DWF is one of the market makers of CAT, and then the coin was successfully listed. Now DWF has announced its participation, and the overall trend is upward. At present, the market value of CAT is close to 400 million US dollars, and there is a chance to rise further in the future.
Now the exchange is taking advantage of the bull market to crazily launch new coins; bn recently listed 6 new projects, further diluting the already illiquid market!
Many new coins started to decline right after their launch, showing no expected upward momentum at all! Those who only know how to engage with new coins are probably really bored and willing to take risks in this market. I hope everyone hasn't been cut like chives!
PVP is about seeing who takes whose turn, PVE is only concerned with what the project is - and PVE is the only way to continuously make big money.
I only focus on projects with huge liquidity, not caring about who has what cost or who takes whose turn, always focusing only on what this is.
PVE is about finding the trend of the wind and diving in, no need to contact the project party, no need to pay attention to others' costs, just try to be as correct as possible.
Bitcoin (BTC) Technical Analysis, Bullish Signals Emerge After Historical High, Is $110,000 Not a Dream?
Currently, the price of Bitcoin is hovering between $105,025 and $105,269, the market is active, with a 24-hour trading volume of up to $82 billion, and the market capitalization has soared to $2.08 trillion. As Bitcoin breaks through $105,000, the market shows a strong bullish trend, reaching a historical high of $106,533. Short-term Support and Resistance Analysis
Long-term Trends and Key Support Levels Daily Chart: From the daily chart perspective, the overall trend of Bitcoin remains bullish, despite occasional fluctuations. $100,000 and $104,000 are key support levels currently, while $106,533 is an important resistance level. If Bitcoin breaks through $106,533 and maintains above this level, it may challenge $110,000. Long-term investors may consider seeking entry opportunities in the $104,000-$105,000 range.
Currently, the market capitalization of altcoins compared to BTC's weekly closing has formed a bearish engulfing pattern, and market sentiment is indeed not very optimistic. Despite Bitcoin reaching a new high, the exchange rates of altcoins are declining, causing considerable concern.
Whether the key level of 0.75 can be突破 will determine if the altcoin season will continue. If Alts/BTC continues to pull back, the first half of 2024 may replay the past pain.
Considering the current risks, I may start to reduce my long-term holdings of altcoins by 20%, especially those that have already recovered and turned a profit, to manage risk.