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Musk focuses on 3 cryptocurrencies after taking on the Ministry of Government Efficiency (DOGE)!

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刘坤bitcoin
2 days ago
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Good morning, brothers. Previously, the "Trump deal" was in full force, and the cryptocurrency market has recently seen a celebratory rally. Bitcoin has been on a steady rise since November 5th, repeatedly setting new all-time highs, and reached close to $90,000 yesterday (12th). Dogecoin also surged, breaking through $0.4 at one point. On November 12th, local time, news reports stated that President-elect Trump announced that American entrepreneur Elon Musk and Vivek Ramaswamy will jointly lead the proposed "Government Efficiency Department" after he takes office. Whenever the market doesn't go as planned, there are all kinds of theories - such as the distinction between old and new coins; the price trends of old Altcoins compared to BTC and ETH; what this cycle will likely pump and what it won't; and how this bull market is different from past ones, and so on. I believe these are just speculations and cannot be relied upon as sound investment judgments. Similar narratives have emerged in every cycle. For my own investment portfolio, I focus on one core aspect: whether public chains, wallets, DEXes, lending, and stablecoins still have significant growth potential in the future. Many coins are experiencing a pullback, with prices declining enough to make many people anxious. But don't be hasty - this kind of market adjustment is common, and not all price declines are bad news. After the shakeout, the real opportunities will arise, so be prepared to seize the next explosive rally. Why is this a shakeout period? Simply put, the price volatility is high, and trading volume is increasing, meaning large amounts of positions are changing hands. Many people have been swept up by market emotions and have let go of their holdings. The shakeout is meant to flush out these blindly following the hype, leaving behind the strong-handed, confident capital. What happens after the shakeout? Once the news is out, the market will react swiftly, and the rally could exceed expectations overnight. You've seen Bitcoin and other major coins experience countless shakeouts followed by explosive uptrends, and many have missed the low-entry opportunities. Are you now worried about missing out? How to seize the next explosive rally? 1. Confirm if public chains, wallets, DEXes, lending, and stablecoins are the right tracks. 2. Assess if they still have significant growth potential. 3. Evaluate if your holdings maintain a competitive edge in their respective domains. 4. Don't get carried away by market emotions: Both rallies and declines are normal fluctuations, so stay calm and don't panic-sell at the bottom. 5. Be prepared to welcome the rebound: After this shakeout, once the market news is released, the rally could happen quickly. 6. Focus on potential Altcoins: Some promising Altcoins often see explosive uptrends after a major shakeout. The shakeout is setting the stage for the next explosive rally. Don't leave too early, and don't miss the upcoming opportunities. Only by being prepared can you seize the advantage when the next surge arrives. Altcoins to watch: DOGE, PEPE, NEIRO, SUI, BONK, ACT, PNUT Focus on these three cryptocurrencies, and this bull market will be a money-making one! 1. PEPE PEPE's price has recently surged, partly due to the influence of the US presidential election involving Donald Trump, and Robinhood's listing of PEPE on its European platform, which allows users to earn PEPE rewards and a 1% deposit bonus. Analysts remain bullish on PEPE, with some predicting a strong uptrend based on technical indicators and market sentiment. Furthermore, whale activity in PEPE has increased significantly, with over 244 transactions involving amounts exceeding $100,000. The growing whale interest aligns with PEPE's price increase, suggesting the market momentum will further strengthen. The increased trading volume may attract more investors, potentially leading to heightened market volatility for PEPE. 2. ACT ACT is an AI-themed MEME token that I've mentioned several times before, and I've even bought a small position of around 2 SOL. To my surprise, ACT has surged over 20x in the short term. ACT's buffs are fully charged, and Sam is shilling it today, so the AI sector is likely to see a surge. ACT is the only AI-themed token on Binance, and with its highly concentrated supply, its valuation is relatively low compared to its peers, suggesting it may have significant upside potential. 3. PNUT PNUT is a typical political MEME project that has been mentioned multiple times by Trump and Musk during its launch, and the massive hype and traffic have driven its price up, although not as dramatically as ACT. Its market cap is roughly on par with ACT's. After the shakeout, PNUT should see a strong rebound. It's expected to drive related animal protection legislation, as Trump and Musk have specifically shared it, capitalizing on the key events surrounding the election.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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