5 must-read articles for the evening | What will happen to Bitcoin next?

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1. Altcoin projects collectively downward compatible, which are the new popular Meme coins?

On November 15, multiple Altcoin project teams, including Litecoin, yearn.fi, Manta, TRON DAO, and Ren, posted on social media joking that "given the current market conditions, I think we are actually a Meme coin project." At the same time, the leading trading platform Binance has also listed two popular meme projects, Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), and their listing performance has been quite good. As a result, many community members have started guessing the next wealth code, and Jinse Finance has sorted out the current Meme coins with grand narratives, community heat, and high market value.Read more

2. The biggest winner of the US election, the CEO was raided by the FBI - it's time to fully understand how Polymarket works

One of the biggest crypto winners of the 2024 US presidential election is the prediction market Polymarket. Polymarket successfully predicted Trump's complete victory in the US election, with a trading volume of over $3 billion. On November 14, 2024, 8 days after the election, the FBI raided the New York residence of Polymarket CEO Coplan and demanded the surrender of electronic devices. Anonymous sources indicate that the FBI may suspect the platform of manipulating the election market. Is it possible to manipulate Polymarket, and what is the mechanism behind how Polymarket works? Solidity developer Pavel Naydanov published an article on Hackernoon titled "Polymarket Explained" to detail the working mechanism of Polymarket.Read more

3. Taking Taiko as an example to interpret the concept of Preconfirmation: How to make Ethereum transactions more efficient?

This article, starting from the limitations of the current L2 ecosystem, analyzes the specific practices of projects like Taiko, and demonstrates how the innovative concept of Preconfirmation can optimize the transaction confirmation process and improve the user experience. It also reveals the challenges that the current Preconfirmation technology still needs to overcome in its development, including the dual challenges of technical improvement and ecological sustainability.Read more

4. BTC surges, is there still an Altcoin season this round?

On November 13, Bitcoin surged to $92,000, and the total cryptocurrency market capitalization reached $3.2 trillion, both breaking historical highs. This round has only seen the frenzy of Bitcoin and memes, with Altcoins completely failing to keep up with the rally.Read more

5. The Trump bubble: What's next for Bitcoin?

In the 2024 US presidential election, Trump was re-elected. The capital market also ushered in a wave of prosperity, with the US dollar index hitting a new high, and the cryptocurrency market also unstoppable, with the global cryptocurrency market capitalization breaking through $30 trillion for the first time. After Bitcoin broke through the $90,000 mark, $100,000 seems within reach.Read more

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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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