Recently, Bitcoin and Ethereum have not had much highlight, the market is dull, but the altcoin market is quite lively.
SOL once again takes up the banner of altcoin leaders, driving a wave of ‘small bull’ structural market.
Last night was another historic moment — the beautiful Ministry of Commerce actively aligning with Trump's crypto strategy, GDP data directly on-chain! The first batch of cooperating chains includes: BTC, ETH, SOL, TRON, XLM, AVAX, ARB, MATIC, OP. On the oracle side, LINK and PYTH were officially announced.
The market has long anticipated #LINK, so there isn’t much movement, #PYTH instead doubled directly, steadily sitting as 'Oracle Dragon 2'. Currently, the FDV is only 2.2 billion, compared to LINK's 24 billion, the gap is obvious. This move by the Ministry of Commerce not only helps PYTH but also basically locks in the future public chain pattern.
Don't forget, his son initially started a fund called Twenty One, planning to raise 3.9 billion to invest in Bitcoin, backed by Tether, Bitfinex, and SoftBank.
Looking at it this way, the Ministry of Commerce is giving a second wave of stimulus. As long as Trump is in power, positive news is very likely to keep coming.
ETH holding back big moves? Institutions are buying like crazy.
ETH's performance has been flat these days, but on-chain funds have not stopped. #BMNR recently bought another 100,000 ETH, with total holdings reaching 1.8 million, maintaining a monthly purchasing power of 300,000 for three consecutive weeks.
In terms of staking data, the gap between exits and new entries is shrinking, currently only 300,000 difference, expected to trend towards balance in a week or two. This means institutions are completing the turnover, overall holding cost is rising, which is very beneficial for breaking through 10,000 points in the future. The only concern is that last night's ETF inflow dropped sharply to 39 million, a magnitude lower than a few days ago.
However, from a long-term perspective, ETH and stablecoin legislation, RWA binding, reaching ten thousand is just a matter of time.
In terms of altcoins: WFLI & XPL, the new coin leaders are taking off.
#WFLI: Last night broke 0.3 again, not far from launching the token. Personally, I believe 0.3-0.4 is a reasonable range, and stabilizing above 0.4 in the long term shouldn't be a problem.
The reason is simple — USD1, although it didn’t seize the first-mover advantage, has resource advantages for the next four years; the most important thing in the financial track is ‘license’. Coupled with past practices, a 40 billion FDV is really not high.
#XPL: Much steeper increase, breaking through 0.8 on BN, FDV reaching 8 billion. Backed by resources from Peter Thiel, USDT, and PayUSD, this track will definitely have a strong narrative in the coming years. At this momentum, it is very likely to achieve a TRX-style success, with a reasonable market cap expectation of 10 billion.
But note, there is still at least a month until TGE, there will definitely be fluctuations in between, many opportunities to pick up bargains, no need to rush blindly.
The primary market is still booming:
Creditlink IDO: raised 80 million USD in one night, 28,000 participants, FDV pulled to 500 million, definitely a hot project.
Tether & RGB: preparing to launch stablecoins on Taproot Assets, worth paying attention to.
Buidlpad & Lombard Finance: FDV 450 million, significant potential.
Binance Wallet MITO: TGE imminent, threshold score 248 points, Binance system advantages are obvious.
Just a reminder, don’t randomly follow small platform IDOs, be careful of stepping on landmines.
The current crypto market is — Bitcoin resting, altcoins celebrating, policies supporting, and capital restless.
Next, there are still plenty of short-term opportunities left.
Let's stop here for this article! If you're still unclear about the direction in the crypto space, why not layout with me? I’m waiting for you, otherwise, in the next wave of the market, you might find yourself on the other side.
