From now on, Bitcoin is no longer "sucking blood", but is starting to "bleed". What does this mean? It means that the growth rate of Bitcoin has gradually slowed down, and more money may flow into other cryptocurrencies, especially some altcoins. If you don't blindly chase the rising prices, and only choose the coins that have the support of the leaders or strong backers, you usually won't lose too much.
For example, the public chain cryptocurrencies that have performed well recently, such as XTZ and FTM, as well as some meme coins like WIF and Floki, have all performed well. So if you want to make big money, the current main battlefield should be meme coins. If you think the current price increase of these coins is not big enough, don't worry, a surge of dozens of times in the short term is indeed unlikely, unless there is a large-scale interest rate cut, and the market conditions may undergo major changes.
The future trend of Bitcoin
So what will the trend of Bitcoin be like in the future? In fact, the current trend is very similar to that of 2020. Both started to rise from October and reached a peak around November 25, almost doubling. In 2020, Bitcoin rose from $10,000 to $20,000; this time, it rose from $50,000 to $100,000.
But the last Friday of November is "Black Friday", which is the shopping frenzy in the West, and many retail investors will withdraw money to consume, which will lead to the outflow of funds in the crypto market. Although the total amount of these funds is not large, many people will predict the correction and sell in advance, which will increase the magnitude of the correction.
Reviewing the "Black Friday" market last year, the correction was 16%. This year's correction may be slightly smaller, but you can still pay attention to the support around $87,500. If the Bitcoin price can fall to this level, then you can consider entering the market. If the Bitcoin price exceeds $90,000, this is also a good support level.
In the previous cycle, after Black Friday, the Bitcoin price corrected, but then gradually rebounded, and it was not until two weeks later that it started to surge significantly. This time the situation may be similar.
The strong performance of Ethereum
You should also notice that Ethereum has been performing very strongly recently. Large funds have entered the market, and when Bitcoin experienced a sharp drop, ETH remained stable and consolidated, and once Bitcoin rebounds, ETH will start to explode. Even if there is a correction, you can appropriately enter the market.
ETH, SOL and some small cryptocurrencies can be bought at low prices when the prices fall. After entering early December, the market is expected to usher in a new round of upward trend.
The current stage of altcoins
The performance of altcoins is still in the initial stage, and although some old-brand altcoins have risen sharply, this is just the beginning. The exchange rate of Ethereum has started to reverse, and ETH ETF has also started to see capital inflows. Next, you can expect the rise of Ethereum, although there may not be any particularly good news at the moment, but I believe it will come soon.
Once Ethereum sees a big rise, altcoins and new cryptocurrencies will start to become active, and you can pay attention to this rhythm and grasp the right timing to buy.
Future trends and tracks
In the upcoming market, which tracks are most worth paying attention to? From now until the first quarter of next year, if the US economy does not experience a major recession, the unemployment rate does not soar, and there is no outbreak of liquidity crisis or other black swan events globally, then the overall market environment should be good.
In addition to these macroeconomic conditions, there are also some positive factors. For example, the market performance after the election may be good, especially on January 20th when Trump may be re-inaugurated, based on historical experience, the market usually performs well in the first 100 days after a new president takes office.
For the crypto market, there may be further easing policies such as interest rate cuts in the future, the expectation of balance sheet reduction may end, and there may even be more legal and policy incentives for cryptocurrencies, all of which may drive the market to continue rising.
Which cryptocurrencies and tracks are worth looking forward to?
Under such circumstances, which cryptocurrencies or tracks are worth paying attention to?
I think meme coins are definitely a good choice. Especially if Ethereum continues to rise, it may drive the meme coins on the Ethereum chain. The investment opportunities of meme coins are usually related to market hype, capital inflows, and the narrative of the projects, so you need to pay attention to these factors.
In addition, the reason why Dogecoin has been so hot recently is that its hype atmosphere is very strong, especially Musk's mention has driven market sentiment. And cryptocurrencies like Dogecoin have experienced a round of washing, and their liquidity is also relatively strong, so the current price performance is good.
Other tracks, such as public chains, artificial intelligence, and games, may also become investment hotspots in the future. In general, any investment requires constant attention to market changes, understanding which factors are driving the market up and which may lead to corrections, and doing proper risk management.
Finally, there is actually a lot more that hasn't been written in, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
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