All the news headlines have been realized
The 2024 US presidential election has been settled, with Donald Trump returning to the White House. At the same time, the BTC market is experiencing an unprecedented frenzy, with the price once breaking through $76,000, setting a new historical high. Trump's previous ten important statements on BTC and cryptocurrencies have injected strong momentum into the market.
The interest rate meeting at 3 am on November 8 cut the interest rate by 25 basis points as scheduled
The interest rate meeting held at 3 am this morning decided to cut the interest rate by 25 basis points as scheduled. After the US market opened, BTC surged, breaking through the new high and reaching a historic $76,849.
ETH had a good performance yesterday, continuously breaking through the recent new highs, and after stabilizing above $2,800, it strongly broke through $2,900 this morning, with the next target being $3,000. The millennium runner-up ETH has finally caught up, and as long as Vitalik and the Ethereum Foundation don't mess things up, there is still potential.
The next rate cut will be on December 9th. Up to now, it has always been a BTC bull market with continuous capital inflows due to rate cuts, coupled with Trump's relaxed crypto policies after taking office. This will be the longest and largest bull market in history, and the crypto market cap will directly chase gold. After this bull market, the next bull market in the crypto circle may be like the A-share market, so seize the opportunity of this bull market frenzy! Those who play spot should not be left behind, and those who play contracts should catch the big market.
The election and rate cuts have been realized, and there are no major events that will affect the market trend in the near future. The recent major positive news has pushed BTC to a new historical high of $76,900. Currently, BTC is showing multi-cycle top divergence, with a demand for correction, and is expected to reach around $70,000. BTC will likely continue to fluctuate at high levels for some time. Adjustments may be necessary here, as the price is too high, and altcoins may also see a big market.
3 Altcoins with the potential to gain 100x by the end of the year!
1. NEIRO
Neiro (NEIRO) is a new meme coin that has seen a surge in value, rising over 15% in the past 24 hours to $0.00232, gaining significant attention. As one of the four most promising cryptocurrencies, Neiro is showing an encouraging growth momentum and may continue this trend in the coming week.
According to Coinglass, the Neiro derivatives market has recently shown significant growth. Trading volume and open interest have surged dramatically, indicating a sharp increase in market activity. This rise suggests increased investor participation and optimism towards Ethereum derivatives.
As interest in finding suitable cryptocurrencies grows, these tokens provide timely opportunities for investors. Their strong performance and high trading volume indicate their value may soon double.
2. RAY
On Thursday, November 7th, Raydium (RAY) broke above $5 after surging 27% in 24 hours. With the opening of the crypto market, several other altcoins, including Starknet and EigenLayer, also saw significant gains. Raydium's price has risen 51% in the past week, from $3.213 to $5.05.
Several factors have contributed to the rise in RAY's value. One key factor is that Kraken Pro added RAY futures trading on October 25th, expanding its trading options. The platform was upgraded on October 23rd, improving liquidity and exchange speed, which has increased trading volume.
Raydium is now the third-largest decentralized exchange (DEX) by daily trading volume. This price surge has also placed Raydium among the top five Solana DeFi protocols. According to defillama, Raydium currently ranks fifth in terms of Total Value Locked (TVL), with over 15% growth in the past month, exceeding $1.5 billion.
Raydium's price chart shows a good candlestick pattern, indicating strong buying activity with only minor corrections. This aligns with the overall bullish sentiment among traders towards RAY. Unlike many assets that merely survived the market downturn, Raydium has stood out with high trading volume and rapid price movements, highlighting its leadership in the rapidly evolving crypto space.
Additionally, growing institutional interest in Solana may have a positive impact on Raydium. As more institutions participate, Raydium's market share may increase, potentially driving up its token value. Technical indicators also remain supportive. The alignment of short-term and long-term moving averages suggests sustained buying pressure, with the current momentum showing little signs of slowing down.
3. GOAT
Goatseus Maximus (GOAT) has risen to the forefront of the crypto market, surging over 6% in the past 24 hours to $0.8331. Since its launch, this gain has reached an impressive 740%, making GOAT one of the most promising cryptocurrencies to buy.
The recent rally is primarily attributed to AI integration, strategic listings on major exchanges, and election-driven investor interest. Analysts believe this momentum could push GOAT to a new all-time high of $0.8837. If the current bullish trend continues, GOAT's price may reach $0.9 or even $1.
The AI+meme trend is still promising.
