Bitcoin has been unsealed, and it has soared 10% overnight. Once the bow is drawn, there is no turning back. The probability of Bitcoin breaking 100,000 is at least 70%. Everyone must seize it. This halving market may be the last chance to get rich! ETH/BTC fell back to 0.057, but this is not a bad thing. The stronger the positive news of spot ETFs, the greater the potential for ETH to rise!
The first round of sector rotation has been completed, and the next step is to lay out in order! The three major sectors in 2024 are AI public chain BTC ecology. The most noteworthy concepts in the primary market are modular parallel EVM depin restaking DA and gamefi!
This wave of altcoin market is obviously dominated by BTC, which can be seen from the decline in the ETH to BTC exchange rate. In fact, now should be a strong period for ETH, but it still has not surpassed BTC. This is enough to show how much support the spot ETF has for BTC. I think this may not be a bad thing for ETH. The more Bitcoin rises, the higher the price ceiling of ETH, and the stronger everyone’s desire for ETFs. This will increase ETH’s future upward momentum. In the short term, ETH will have a significant market trend. After all, with the new gameplay of Cancun upgrade + re-pledge agreement, it is even possible that ETH may reach its previous high before BTC. After all, Bitcoin no longer has the expectation of ETF.
In fact, the hot sectors this year have been revealed, and the first round of sector rotation has ended. The second round is likely to be played out in the same order. The first is the super track AI that runs through the entire bull market. There is nothing much to say about this. It took less than a year to iterate from chargpt4 to sora. The progress that has taken place here may be greater than the evolution of mankind from the Stone Age to the Internet Age. Therefore, the development of AI is faster than light. In the future, 90% of the world's funds will be focused on this track, and the future potential is unlimited. We may be the earliest ordinary people who can invest in this track, so we must grasp it and try to layout some of the leaders, such as wld tao fet rndr akt, etc. The second track is also Hengqiang's sector, that is, the public chain. Whether you admit it or not, the blockchain world will always be king at the bottom level. Although the public chain can be bottom-up or top-down, it can start from laying the foundation like ETH and then build the superstructure, or it can be like axs blur Just like bnb, first build the upper layer well, and then start from scratch to build a new base, but no matter what, the final value flow is concentrated on the bottom layer, so we must pay special attention to the public chain. This is also the track where large funds can enter with confidence. The primary market has always been the highest valuation ceiling for public chains.
The third track to pay attention to in 2024 must be the Bitcoin ecosystem. If we talk about which track has the most explosive power, this track is even stronger than the public chain and AI.
Because this track has a perfect value-added hype logic, all products and protocols that appeared on the ETH chain before can be repeated on BTC, and the market value ceiling will be higher, because BTC is the chain with greater energy. This is why Merlin can overshadow L2 Blast as soon as it appears.
It is expected that brc20, inscriptions, and runes are just the beginning of the Bitcoin ecosystem. The following lightning network, RGB, and various intent-centric L2s are the main course. You can see this from how sharply ckb rose after turning to BTC L2 and RGB. STX had a very low presence in the last bull market. Everyone only remembers that this project spent millions of dollars on compliance with the SEC. I don’t need to tell you how strong the current bull market is. Today it is even close to ATH.
Some new projects in the Bitcoin ecosystem have all shined in this round. The ecosystem DEX ords has reached a new high today. LBP has increased by more than twenty times. Savm has had so many problems, but it has recently returned to the upward channel and doubled in a few days. The TVL of Merlin and B2 are growing very fast. Even if Merlin gives out some rewards, Voya can increase several times.
Market Summary
Bitcoin went straight up to 57,000+ this morning. At this rate, it is estimated that it will soon reach 60,000+. Wall Street’s capital has already experienced FOMO. Holding Bitcoin and then paying attention to the Bitcoin ecosystem is currently the most correct choice for retail investors, so everyone must cherish this hard-earned Bitcoin ecosystem narrative.
ETH's current trend is much weaker than Bitcoin, and ETH/BTC has also fallen back to 0.057. However, I don't think this is a bad thing for ETH. Historically, ETH has always been slow to warm up at the beginning of a bull market. ETH will only lead the bear market after BTC opens its price ceiling. The reason why BTC has performed so well this time is mainly due to the powerful spot ETF, which is precisely an advantage for ETH. After all, it is likely to pass May. The more favorable the spot ETF is to the currency price, the greater the future potential of ETH. In the short term, ETH will also have Cancun upgrades, so ETH is a very good investment target in the long, medium and short term.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
The new year has begun, and we are creating a high-quality circle, mainly explaining various basic industry knowledge of the currency circle, recommendations of market potential coins and altcoins! The rotation of hot sectors, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of other knowledge, you can find me if you are interested.
