Since May 5, Bitcoin has rapidly risen from $94,000 to $105,000. It seems to have come to a pause yesterday, fluctuating at a high level before quickly falling back to around $101,000, and then rebounding to $104,000, still performing outstandingly. Compared to Bitcoin, altcoins have all plummeted, and we won't even mention the low market cap coins. The average decline of the top 20 coins in the crypto market is about 4%, which indicates what? Bitcoin is still Bitcoin; when it rises, it leads the charge, and when it falls, Bitcoin shows strong resistance to declines. Its safety factor is still very high. Therefore, in the face of the crypto market, Bitcoin is the safest asset, bar none.
1. A rough idea I sketched last night, this belongs to a long-term framework, not seeking precision, guiding a trading plan framework based on months.
2. Bitcoin is still hovering at a high level without expanding the degree of decline, but many altcoins have already retreated, for example, the key observations in this round:
$GUN
$PROMPT
The comparison between Bitcoin and altcoins can't be said to be exactly the same as in November and December of last year, but it can be said to be very similar.
3. Currently, all we can do is wait for a real pullback to emerge, observe its strength, and then develop a short-term strategy based on the market conditions at that time; before breaking $100,000, the bears will still be in a weak position.
Recently, Binance Alpha has started listing Sui ecosystem tokens. Subsequently, several Alpha projects from the Sui ecosystem were announced. The addition of the Sui ecosystem has provided users a new cost-effective opportunity to boost trading volume. On May 14, several KOLs suggested that projects like NAVX in the Sui ecosystem have lower Gas fees when boosting trading volume and are not susceptible to sandwich bot attacks, resulting in overall lower costs. Therefore, several projects in the Sui ecosystem will become the 'new volume kings' for Binance Alpha.
In the actual trading process, it can be found that the official cross-chain bridge in the Binance wallet has not yet connected the Sui ecosystem and BSC chain assets for exchange. Users cannot directly exchange assets like BNB for USDC on Sui. If you want to save on this transaction cost, you must bear the costs of using other cross-chain bridges.
Solana is one of the ecosystems with the most projects launched on Binance Alpha, besides BSC. Since May, Solana's overall DEX trading volume has indeed seen a significant increase. On May 4, the DEX trading volume of Solana was $2.2 billion, and by May 15, this figure had risen to $4.59 billion, more than doubling. The several major tokens like MOODENG and jellyjelly launched on Binance Alpha have indeed seen huge increases in recent trading volume, with a noticeable price surge. MOODENG's price increased by 140% from its launch to May 14, and the average increase of the six tokens from the Solana ecosystem listed on Binance Alpha in May reached 12.32%, making it one of the few ecosystems with positive performance among various public chains.
Currently attention coins on-chain:
1. believe, bonk platform is very popular.
① You can play in short waves ② As soon as a new dog comes out with a bit of a story, chase it immediately, enter early and exit early.
2. The coins on BSC have basically given up across the board, except for skyai (let's see if it can be traded), jager (let's see if there are new stories later), and naiive is still to be observed.
3. ETH's rato observation list.
4. Mirar should be opening soon; let's see if we can ride a wave when it opens (I personally feel it will spike high, then drop and directly move to the next project).
5. If Trump issues a coin, it will be a bloodsucking market; go pick up the trash.
