Updates on Altcoins: ✧ $SUI had a strong performance this week, with an increase of +68% ✧ $RIO increased by +67% ✧ $INJ increased by +51% ✧ $VRA increased by +42% ✧ $CSIX increased by +41.5% ✧ $PROPC increased by +40% ✧ $ANYONE increased by +36% ✧ $KAS increased by +35%
We are currently experiencing the early stages of Altseason, with great potential ahead. For those just entering the market, this is just the beginning. The strong rebound this quarter has laid the foundation for the upcoming rise. When altcoins reach all-time highs, their upward trend resembles a parabola, often accelerating once started and difficult to stop.
If you are shocked by this week's gains, stay tuned. The biggest increases may still be ahead.
However, it is important to note — avoid making irrational decisions due to panic buying or fear of missing out. There are still many opportunities ahead, and it is advisable to focus on those altcoins that have not yet shown signs of activity. Which tokens do you think are ready for the next wave of increases?
1) Market Trends: Bitcoin (BTC) has reached a new high, surpassing $80,000, but BTC's market dominance has declined. With the altcoin season approaching, the rally of older coins has already begun. The US stock market was closed on Monday, and the Federal Reserve is expected to continue lowering interest rates until July 2026. Historically, the current rate-cutting cycle usually ends in the six months prior to a rate hike cycle, suggesting that the bull market is likely to continue until the end of 2025.
2) Market Highlights: 1. Public Chains and DeFi: Ethereum (ETH) prices have risen, and older coins in the DeFi sector such as TRB, ALPACA, and YFI have also seen significant increases. The market generally anticipates that DeFi regulations will ease after Trump takes office.
2. Meme Coins: Dogecoin (DOGE), Shiba Inu (SHIB), Neiro, Moodeng, Goat, Pippin, and other Meme coins have surged significantly. As a major promoter of political and fan coins, Musk has helped DOGE's market cap reach $40 billion, accounting for about half of the total market cap of all Meme coins. Among the top 500 Meme coins by market cap, only 20% of the market cap is held by DOGE. Neiro is market-made by BN, while Moodeng and Goat are market-made by Wintermute.
3. New Public Chains: Some emerging public chains have surged significantly, reaching new highs, with market cap nearing 30% of Solana, showing obvious "Dragon Two" characteristics.
4. Older Coins Rally: Older coins such as ADA and EOS have started their rally. The founder of Cardano (ADA) may become Trump's cryptocurrency advisor. Additionally, oversold ecosystems like TON, X, and HMSTR are also recovering. Notably, the click game in the X ecosystem surged 20 times within a week, and the main market maker for the TON ecosystem is DWF. Overall, the current market exhibits diverse hotspots with ample liquidity, and it is expected that this round of the bull market will last for some time. Investors should pay attention to rally opportunities across various assets and market trends. #BTC挑战8W2大关 #DOGE看涨情绪飙升 #DOGE飞”狗“在天
How much more upside potential does Dogecoin (DOGE) have? In the days following the election reversal, the price of Dogecoin (DOGE) soared from $0.15 to $0.3, successfully doubling. So, how much more can DOGE rise in the future? Here is a brief analysis: 1. Musk's Long-Term Support Effect Musk's continuous support for DOGE is one of the core factors behind its rise. As a globally recognized figure on social media platforms, Musk frequently mentions and promotes DOGE on platforms like Twitter. This long-term exposure provides DOGE with strong market awareness, similar to the role of a rocket booster. Musk's influence also brings widespread public attention to DOGE, enhancing its position in the cryptocurrency market.
2. Ongoing Media Attention and Market Valuation Upswing It is expected that market attention to DOGE will continue to grow, especially as the Trump administration has not yet fully transitioned. DOGE is likely to continue benefiting from ongoing media coverage and valuation increases. This sustained exposure will provide long-term supportive benefits for DOGE, further boosting its market performance.
3. Potential for Upside Some analysts believe that DOGE's market potential has not yet reached its limits. Based on current development trends, DOGE's market capitalization could potentially double, or even more. Especially with Trump’s firm support, DOGE is expected to become a symbolically important crypto asset, with the potential to become a 'winner coin'. Therefore, DOGE's future still warrants investor attention.
4. Future Policy Promotion and Hype Effect If Musk truly enters the White House and establishes a Department of Government Efficiency, DOGE is likely to see higher exposure and support. This would create a significant buzz effect for DOGE, further driving up its market price.
In summary, DOGE's future potential remains very broad, not only supported by Musk's strong backing but also likely to achieve further market capitalization growth under policy promotion. Therefore, DOGE, as a potential stock, is still worth continuous attention from investors.#BTC突破8W1大关 #DOGE看涨情绪飙升 I am a detective, a fresh blogger optimistic about the future of the cryptocurrency space, determined to help my followers succeed. If interested, you can follow me, General Gong: Qiqi Talks Coins, let’s dive into the circle together!!! I need fans, and you need references.
November 11, 2024, Monday, Selected News Overview:
1. DOGE's market cap surpasses USDC, ranking sixth in market capitalization.
2. Bitcoin breaks through $81,000 again, and Solana's market cap exceeds $100 billion.
3. Arthur Hayes suggests that the performance of the Bitcoin market indicates Trump will continue to promote printing policies.
4. A large amount of Bitcoin (28,871 BTC) released from Mt. Gox six days ago has been transferred to a new unknown wallet.
5. The founder of Stacks expects to launch an upgraded version based on Bitcoin in early December.
6. On the Deribit platform, the total open interest for Bitcoin options with an exercise price of $90,000 exceeds $2.8 billion. #BTC突破8W大关 #特斯拉市值重上1万亿美元
Daily Market Analysis——$BTC The reference period is 4 hours. The target price (TP) above has been adjusted from $78,800 to $79,700. If you plan to enter the market, I personally suggest waiting for the price to pull back to around $72,800, and then considering entry after confirming a rebound in this area, as this would be more prudent. #美联储利率决议来袭 #山寨季将至?
$SATS From the daily level, looking at the price trend since the listing on Binance Spot, it has not yet broken through the downward trend line. To initiate an accelerated upward market, it is necessary to first break through and stabilize above the current trend line. According to technical analysis, the support level is approximately around 0.002, while the resistance level is around 0.0035.#美联储利率决议来袭 #DOGE看涨情绪飙升
【Market Dynamics】 On November 8, SoSoValue data showed a slight pullback in the overall cryptocurrency market, but the AI and Meme sectors rose against the trend, with an increase of 2.54%. Highlight projects included FARTCOIN, which rose by 36.16% within 24 hours, FLAVIA increased by 37.48%, and GNON also performed strongly. Among mainstream assets, ETH rose by 1.19%, with a market cap growth of 13.51%; BTC increased by 0.87%, with a market cap increase of 58.15%. However, the AI, GameFi, and Layer 2 sectors performed poorly, declining by 2.55%, 2.52%, and 2.41% respectively.
Market View: The benefits of the election and interest rate cuts have all been realized, and the current market lacks larger event-driven factors, so the market trend may stabilize in the short term. Bitcoin (BTC) has successfully broken through to $76,900 under the influence of these benefits, setting a new historical high, but currently there is a top divergence across multiple cycles, indicating a demand for a correction, and prices may fall back to around $70,000. Therefore, BTC may experience a period of high-level fluctuations and consolidation. As for altcoins, driven by the Ethereum upgrade, some new performances may emerge, which are worth paying attention to.
Operational Thoughts: - Bitcoin (BTC): Consider going long in the range of $73,400-$72,000, with a target price of $74,500. - Ethereum (ETH): Consider going long in the range of $2,830-$2,780, with a target price of $2,910. Be sure to grasp the range fluctuations and operate flexibly. #美联储利率决议来袭 #山寨季将至?
🔔 The Prayer Party has won 210 seats and will strive to further expand control of the White House and the Senate
According to Mars Finance and Coindesk reports, on November 8, the Prayer Party (Donation Party) seems likely to continue its strong performance in the 2024 election cycle, with expectations of gaining greater control in the White House and the Senate. Currently, completed election data shows that the Associated Press has reported on 409 of the total 435 seats, with the Democratic Party winning 199 seats and the Prayer Party winning 210 seats. The party that first reaches 218 seats will gain a majority.
According to the Associated Press's statistics, as of 6:30 PM Eastern Time on Thursday, the Prayer Party is leading in at least 14 of the remaining 27 campaigns, which means that if this lead holds, the Prayer Party will maintain a majority for at least the next two years.
《Altcoin Market Dynamics: Volatility and Opportunities Coexist》 November 8, 2024
Currently, the altcoin market is undergoing a series of noteworthy dynamics. Regarding Dogecoin (DOGE), there has been a significant amount of withdrawal activity on the Robinhood platform, and there is a noticeable interruption in fund flow, raising concerns and speculation about the future trend of Dogecoin in the market.
On the other hand, the main party behind NEIRO tokens is actively conducting buyback operations, with funds concentrated in Jikuai, seemingly preparing for the next stage of market actions. The holding structure of UNI is relatively complex, with a substantial amount of small retail funds in the market, as well as traces of institutional fund flows, but the specific direction of the funds remains unclear at this time, causing some confusion for investors.
IMX continues to attract the attention of institutional funds, which generally adopt a dollar-cost averaging investment strategy, indicating their intention to hold long-term. The market outlook for DYDX is currently filled with uncertainty, as large holders like Amber, ZhuSu, and Alameda still hold a significant amount of unsold assets, and future market movements remain to be observed.
ENA and Eigen tokens are experiencing very active fund flows in the market, with a considerable amount of 'smart' quantity, making them one of the current market focuses. The GOAT token also has new developments, with the WM main force entering through buyback operations, and the cost of funds is already in a surplus state, suggesting potential for a price increase in the short term.
Overall, the altcoin market is filled with volatility and opportunities, and investors need to remain vigilant and closely monitor the movements of various market participants.
Afternoon Market Analysis Highlights: 1. Bitcoin 1-hour Divergence: A top divergence has appeared on Bitcoin's 1-hour chart. It is recommended to monitor the strong support levels at 73600 and 72700. If the price retraces to these support levels, consider going long. 2. Long/Short Ratio Situation: This morning, the long/short ratio for Bitcoin was 0.59, indicating a higher number of short positions. Some KOLs represented by Xiao Xia are also bearish, suggesting a potential reversal in the market. 3. Ethereum Trend Analysis: A bullish candle has broken above the three-day moving average on Ethereum's daily chart, and trading volume has tripled compared to usual, with the current price approaching previous highs. If Ethereum can hold above 2820 USD, it indicates that altcoin season may begin. As long as it stays above 2700 USD, the subsequent rise is expected to continue. 4. Short-term Support Level Recommendations: Today, orders can be placed at the hourly support levels, especially setting buy orders near 2775 and 2728, with a position size controlled around 5.5%. The stop-loss can be set near 2700, especially considering the potential impact of tomorrow's Federal Reserve meeting. 5. Federal Reserve Policy Outlook: The Federal Reserve is expected to cut interest rates by 25 basis points this week and next month, but the pace of future rate hikes may slow down, possibly taking action every other meeting. This will have a certain positive impact on market liquidity. 6. Profit Taking in Batches: For friends who already hold long positions, it is recommended to take profits in batches, especially in the current profitable state. Avoid being overly greedy; secure profits and consider adding positions at the bottom. Profit maximization can be achieved through rolling positions. 7. Dogecoin Strategy: Recent high-level selling of Dogecoin has been completed, and there may be potential for explosive growth in the future. Be especially cautious about taking profits in batches at high levels, referencing Dogecoin's historical trends.
The above is the key analysis of the afternoon market. It is recommended to adjust positions and trading strategies reasonably based on support levels and market sentiment.
Recently, Dogecoin's performance has been very strong, breaking the price of $0.168, with a daily increase of 10.5% and a monthly increase of 54%. This wave of growth is closely related to Musk's public support for Trump, especially when he donated $118 million and promoted the topic of the 'Department of Government Efficiency (DOGE.E)', which triggered a strong market response.
From a technical perspective, DOGE has formed a 'golden cross', indicating a strong upward trend. Although there may be some short-term pullback risks, the overall market remains optimistic about its potential for further increases before the end of the month.
Analysis of Current Popular Altcoins: 1. GOAT - As a combination of AI and MEME narratives, GOAT is a leader in this field. Today's price reversal makes me believe this story will continue for a while, and market interest will drive it further up.
2. UNI - With Trump's victory, Unichain is expected to quickly resolve SEC regulatory risks. From the price trend, the market holds high confidence in its prospects.
3. RAY - I believe Raydium has advantages over Uniswap, especially in terms of fees and potential token revenue. Its revenue sharing model makes it undervalued.
4. SOL - Solana may become the next Ethereum, as it is expected to make breakthroughs in reducing Ethereum's regulatory advantages, especially with the upcoming SOL ETF, which could attract more market attention in the future.
5. NEIRO - Recently, whales have been promoting NEIRO, and it seems to be gaining more and more market attention, with the potential to become an important project in the future.
6. AAVE - Similar to Uniswap, AAVE, as one of the leaders in the DeFi space, remains a strong project worth keeping an eye on.
7. DOGE - Musk's full support for Trump, along with DOGE's deep ties to Musk, has catalyzed the price of DOGE in light of Trump's victory, and the recent rise has validated this.
8. TAO - Has always been a solid choice; although some are concerned about token releases, as one of the leaders in the AI field, I believe this will not have a significant impact.
9. SUI - As a pioneer of the Move language, SUI seems to be preparing for a new round of growth, especially with its potential in experimenting with the flywheel effect. These altcoins each have unique advantages and prospects, and investors need to choose based on market trends and the core competitiveness of the projects.
- Illegal immigration does bring many negative effects, but it also promotes the growth of GDP and consumption data to a certain extent, and provides employment opportunities for the low-skilled labor market. If these factors are excluded, the support of the data may not be sustainable. - Overseas war expenses, especially the Israeli issue, are difficult to control; from the US standpoint, the Russian-Ukrainian conflict also has certain moral and interest considerations, but the question is how to withdraw? - This is equivalent to the close binding of the US interest alliance. Can it really get out completely? Is Biden really unwilling to give up these allies? The core issue is, if these allies are abandoned, how can the US maintain its dollar advantage? - If the tax cut plan can be successfully implemented, considering the already fragile fiscal situation of the United States, can it support it until next year? Biden may not be able to achieve it, and Trump also faces difficulties. - The extreme left policy may be corrected to a certain extent, and internal anti-corruption can indeed bring certain economic benefits, but the question is, how to deal with the external war quagmire? And is the internal political struggle also in trouble?
November 7 Morning Report: The wind and snow have weighed me down for two or three years, but I smile as the wind is clear and the snow is like cotton. After 8 months of waiting, we finally welcome this moment. What I have been discussing in the group, the hardships faced with previous altcoins will pay off tenfold in the future. This bull market is undoubtedly the most intense round of market manipulation, but it is also the strongest rally of a bull market.
Bitcoin has broken through the 75,000 mark, Ethereum has surged to 2,800, and SOL has also surpassed 191, creating a thriving market scene. Meanwhile, Ethereum's strong performance, the leading meme coin NEIRO has performed brilliantly, and the staking leader LDO has risen by 40%, with ecological projects like ENA also seeing strong increases. Once the market starts, you must hold onto your chips tightly and not be washed out of the game.
Today's Market Analysis - BTC - November 7, 2024 Kind Reminder: The following analysis is for technical learning reference only and should not be used as a basis for investment decisions. Profit and loss are at your own risk. 1. Daily Analysis: Yesterday's fierce attack by the bears boosted market liquidity, causing prices to rise all the way, breaking through previous highs and reaching around 76k. The current price is oscillating around 75k. Due to the rise of yesterday's large bullish candle, an FVG (Fair Value Gap) has formed, and today the market is testing this gap area. A reminder: in a bull market, it is not advisable to guess the top and to avoid shorting as much as possible. From a liquidity perspective, 765k may be a short-term top, but the bears may still bring in more liquidity, pushing prices further up. However, there is still a possibility of price correction. It is recommended to pay close attention to the following three support levels for retracement: 743k, 734k, and 723k. If you are trading spot, consider placing orders at these levels.
2. 4-Hour Chart Analysis: Currently, the 4-hour chart shows a slight bearish divergence between price and volume. Although last night's large bullish candle drove the price up, the accompanying volume correction seems insufficient. Therefore, caution is still needed, and it is advisable to avoid chasing highs at the current price, as well as not to hold empty positions in a bearish bet.
3. 15-Minute Chart Analysis: In the short term, BTC is consolidating. The core purpose of this consolidation is to wait for the big players among the bears in the market to provide more liquidity. If the liquidity from the bears is strong enough, prices may continue to rise; if liquidity is insufficient, daily-level retracement points may trigger some adjustments, clearing some long positions, and only after a significant influx of bear capital can the market move up again.
Summary: Today's intraday trading strategy is: buy on dips, do not short! In a bearish market, stay calm, avoid chasing highs, and refrain from shorting too early, waiting for the liquidity push from the main bear forces. Stick to the trend and avoid greed in a bull market.
#LDO Brothers, the code is here, quickly hop on and give it a like, let's develop good habits! LDO current price 1.13, you can open a long position, set the stop loss at 1.08, the short-term target is initially 1.35, and the further target is around 1.5!
The staking projects of the Ethereum series are gradually warming up. With Ethereum's rebound, related currencies like LDO and ETHFI are also worth paying attention to, so get ready to follow up!
Reviewing Trump's promises at the Bitcoin conference: If I am elected president, I will appoint a new chairman of the Securities and Exchange Commission (SEC) on the first day, replacing Gary Gensler. I also plan to establish a strategic Bitcoin reserve for the U.S. government, ensuring that the U.S. government holds 100% of its Bitcoin and retains it long-term. The future of Bitcoin will be limitless, and ultimately it may surpass the market value of gold.
I reiterate my commitment that Ross Ulbricht's sentence will not be pardoned. During my tenure, the U.S. will refuse to introduce a Central Bank Digital Currency (CBDC). If I am elected, Bitcoin and the entire cryptocurrency market will experience explosive growth.
Bitcoin will not threaten the dollar; what truly threatens the dollar is the current policies of the U.S. government. The U.S. will become the global center for cryptocurrency, and Bitcoin represents freedom, sovereignty, and the right to be independent of government coercion. I assure the Bitcoin community that once I take office, the era of the Biden administration and its anti-crypto policies will come to an end.