Blasting high leverage, Eliminating weak hands, Continuously repeating this process, The journey is bumpy, The future is bright! New highs are definitely coming! Yes, Wall Street is that bad Since Wall Street entered the crypto space, The trend has turned golden, Making money is not as easy as before!
1. Zulu will launch the ZULU token airdrop on November 10, with a total amount of 10%
Support the development and ecological construction of Zulu Network, users can earn ZSP tokens by staking BTC, BNB, and ETH assets through the Zulu Network staking platform.
2. Binance Incubator announces investment in BIO Protocol
BIO Protocol token will be issued soon, and users can obtain it through bidding. This project is part of the DeSci field, and the specific investment amount has not been disclosed.
3. Lido's wstETH has launched on Aave V3 on BNB Chain
Users can deposit wstETH as collateral and borrow assets on BNB Chain on this platform. Aave v3.2 has introduced a new liquidity enhancement model eMode to improve user experience.
4. Layer 1 Flare and Red Date Technology will test the purchase of stablecoins for Chinese citizens in Hong Kong
Allow residents of mainland China to purchase stablecoins, using a China real-name decentralized identity verification system for anonymous registration, providing access to stablecoins and other token-based financial products.
5. Binance will launch GRASS, DRIFT, and SWELL perpetual contracts
The maximum leverage can reach 75 times, with launch times at 23:30 and 23:45 on November 08 respectively. Binance may adjust the contract parameters including funding rates, minimum tick size, etc., based on market risk conditions.
Ethereum SVM L2 Network Eclipse is now live on the mainnet
The public mainnet on platform X has launched as the first SVM Layer2 project on Ethereum and will soon be open to developers. The testnet is already live, and the first 1000 developers to deploy contracts will receive commemorative NFT rewards.
The two most promising tracks 1. BTC Ecosystem, the Bitcoin ecosystem is a highlight that has emerged only in this cycle, this highlight will not be a flash in the pan and still has a lot of room for growth. 2. AI Track, after a deep understanding of AI, one will feel that it is the industrial revolution of our time, the future will definitely be the era of AI, and the crypto world will also have AI narratives. As long as one can keep up with the AI trend and benefit from it, that would be very good.
A 66% surge in 3 days, why did RAY lead the rise of Solana?
The 2024 cycle has so far seen Solana’s dominance, with the main narratives of this cycle – meme coins – all born on Solana, which is also the best performing Layer 1 blockchain in terms of price appreciation, up about 680% year to date. While meme coins are deeply intertwined with Solana, Solana has regained attention as an ecosystem since its 2023 recovery, and its ecosystem has flourished - tokens for protocols like Drift (Perp-DEX), Jito (liquidity staking), Jupiter (DEX aggregator), etc. have all reached billion-dollar valuations, and Solana's active addresses and daily transaction volume surpass all other chains.
What can be called the sexiest narrative of Web3 in 2024, "Trump becomes the first Bitcoin president," came to an end on the evening of November 5th, US time. Bitcoin has now broken through the wide range of fluctuations that lasted for half a year, breaking through the previous high of around US$73,700 and reaching a high of US$76,000. In the traditional market perception, Trump meme coins, which are most closely associated with Trump, will surge with the news of Trump’s election. But what’s interesting is that on November 6, when Trump was elected and Web3 was in the frenzy, any coin that did not rise would appear on the decline list of mainstream exchanges. However, the Trump series of meme coins did not perform outstandingly on the day of his election, but instead were "cut in half".
"How long can the 'Crypto President's' market influence last?
Trump's election has indeed provided a strong boost to the cryptocurrency market. During his campaign, he promised many favorable policies to American crypto enthusiasts, such as not introducing a government-led digital dollar, supporting stablecoin legislation, replacing SEC Chairman Gary Gensler, and protecting citizens' rights to hold cryptocurrencies, among others.
What excites the crypto community the most may be his proposed Bitcoin Strategic Reserve Act, which aims to have the U.S. government hold Bitcoin long-term and establish a 'Bitcoin and Crypto Presidential Advisory Council.'
Standard Chartered analyst Geoff Kendric predicts that after Trump's election, Bitcoin could surge to $125,000. Meanwhile, PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) model, predicts that if Trump is elected in November, Bitcoin could reach $100,000, soar to $150,000 in December, and by March 2025, the price could break $500,000.
Now that Trump has been elected, whether these promises can be fulfilled has become an important basis for market observers to judge future trends.
Trump is elected! A review of his ten commitments to cryptocurrency
1. Fire SEC Chairman Gensler; 2. Establish a strategic Bitcoin reserve; 3. Prevent the beautiful country from selling its held Bitcoin; 4. Stop the beautiful country government from further developing CBDC; 5. Propose a comprehensive cryptocurrency policy; 6. Cease the crackdown on cryptocurrency within one hour of taking office; 7. Terminate the beautiful country's illegal suppression of the cryptocurrency industry; 8. Suggest using cryptocurrency to solve the beautiful country's debt problem; 9. Lessen the sentence of Silk Road founder Ross Ulbricht; 10. Make the beautiful country the world's cryptocurrency capital;
Is there still hope for TON's growth under the vision of 'Trump's Promises'?
After Trump's victory, Bitcoin broke through $76,000, and the bullish pattern is on the rise. However, compared to Bitcoin's price fluctuations, the most beneficial factor for the overall industry ecosystem's growth is the altcoin season, where the industry looks forward to richer growth. In the short term, we can see that the tokens across various sectors are closely following the market to restart their enthusiasm. Among these sectors, the 'TON ecosystem' continues to receive close attention from investors. Since the Durov incident in Paris two months ago, the TON ecosystem has fallen into crisis or entered a new adjustment phase. Even though various Meme projects and mini-games within the ecosystem continue to attract new users and update activity information, market-sensitive individuals seem to have sensed the 'faith limitations' in the TON ecosystem.
Bitcoin has reached a new high again, which tenfold altcoins are worth lurking?
On November 6th, the highly anticipated US elections finally concluded, with Republican presidential candidate Trump announcing victory in the 2024 presidential election. Trump has been dubbed the 'crypto president' for his numerous public commitments to support the development of the crypto industry after taking office. With the favorable outcome of Trump winning, Bitcoin set a new historical high on the day of voting, briefly surpassing $75,000, and reaching a maximum of $76,848 this morning, continuing to set new highs. The total market capitalization of cryptocurrencies is $2.672 trillion, with Bitcoin's market share at 59.86%. Although Bitcoin's market share remains high, the altcoin market is also showing signs of recovery this month. According to Quantify Crypto data, in the past week, among the top 200 cryptocurrencies by market cap, 173 tokens, aside from BTC, have risen, with SOL up over 17%, DOGE up over 20%, UNI up over 14%, and LDO up over 22%.
How to Improve Wool Efficiency: [Project Selection] Edition 🔔
Wool gathering also tests the ability and vision for project selection. How to find big wool projects? How can beginners get started quickly?
Avoiding Risky Projects Here are a few types of projects I generally won't heavily invest in, for your reference: 1. Projects or investors with a dark history 2. Projects that have undergone multiple transformations, doing whatever is trendy but failing to accomplish anything 3. Projects that are not leading in high financing but are heavily promoted by many (you know what I mean) 4. Projects with no highlights and low financing amounts (if the project team has no money, what are they playing at?) 5. Projects where the team wants both data and airdrops
Project Screening The best method should be Rootdata + Twitter https://rootdata.com/zh Rootdata has many functions, allowing you to see popular projects (trending), check financing, and view by ecological sectors
The simplest method: First, search for projects with over ten million in financing from the past two months, then use my previous Twitter usage tutorial to search for information related to airdrops. The main goal is to determine if you are suitable to participate, roughly how much cost is needed, and once participation is confirmed, look for tutorials
Big Wool Judgement - Whether the project team announces airdrops (look for the official original information, usually found in tweets, Medium, or the official website) - Check how many people are participating alongside you (projects with ten million in financing and less than 100,000 addresses are likely big wool) For example, many projects issue Galaxy tasks, where you can see the actual number of participating accounts and your ranking. This is something to pay attention to, and you can also check the data on official sites or Dune. #BTC创历史新高
Disadvantages: 1. The inflow of 9 Ethereum spot ETFs is poor. 2. The performance of public chain ecosystems is not as bright as Solana's. 3. The number of users on the ETH mainnet is less than 10% of Solana's. 4. Due to inflation, the narrative of ultra sound money has been undermined. 5. The narrative of fuel has also been weakened by L2. 6. From gas revenue, ETH, Solana, and Tron are now on par. However, ETH has better sustainability.
Advantages: 1. The prediction market of ETH, Polymarket, gained attention during the election period. This shows that the application layer of ETH still has highlights. 2. Third-party DA like Celestia has already been defeated by ETH. 3. On the day of the election results, facing the same event, ETH's increase finally flipped BTC. ETH finally broke through the resistance level of 2900.
- Buy Meme coins that have the potential to become very popular - Buy coins that have experienced multiple -70% drops - Research coins with a long-term market cap below 10 million USD - Research coins with community-driven efforts and free promotion - Use BubbleMaps and HolderScan to check token distribution
Diamond hands, high odds? Data analysis of winning factors in Solana meme trading
Meme trading on Solana is often considered a 'PvP battlefield,' with fast trading rhythms and fierce market fluctuations. However, on the other hand, it is often seen in news reports that a smart money address only achieved a thousandfold increase after holding the tokens for several days or even several dozen days. So, which trading style is more 'correct'? Is the winning factor 'diamond hands', high odds, or other trading characteristics? Odaily will conduct data backtesting in this article to attempt to find the 'Holy Grail' of meme trading. Basic situation This article selects the most recent 2000 transactions of MOODENG and LUCE, deduplicates the addresses, and screens all transactions conducted by these addresses, with filtering criteria of profits greater than $5000 and losses greater than $2000. In the end, there are a total of 1084 addresses and 8858 transactions.
#neiro #Neiro The small dog has called the key points twice this week and jumped in at the lowest point! The first time at 11.5, entering at 0.00132 yielded a 75% increase! The second time at 11.7, entering at 0.00199 yielded a 25% increase! It’s already close to doubling since the first call to jump in! Wow, this is truly the most impressive meme increase of the week.
Technical Share: Currently, Neiro has been continuously hitting new highs! Now, it is experiencing a pullback due to false breakouts. Neiro needs to retest the key position at 0.00222 to see if it can establish a new bottom model. Once it stabilizes, it will continue to hit new highs! Everyone needs to DM me for the jump-in location or follow me!
Market Impact: Currently affected by the retracement of Bitcoin, coupled with the recent favorable news being fully priced in! So, there may not be enough funds to support further increases. Rising requires funds, while falling does not! Therefore, there is a high probability of being dragged down by Bitcoin, U.S. stocks, gold, etc.
Personal Opinion: Neiro has temporarily completed its mission and needs to accumulate strength for a pullback, waiting for a better upward surge! The next increase will bring historical new highs, possibly even a doubling! Don’t miss the opportunity to jump in! Any pullback is a chance for you to enter!
Friends who jumped in or feel I speak well, please like and follow!