crypto歪闹

Crazy Meme Coins: The Market Effects Caused by Internet Celebrity Pets
Today, retail investors are more enthusiastic about meme coins than ever before. PNUT is a popular project recently. This meme coin based on the internet celebrity pet squirrel Peanut has been popular all over the Internet for only two weeks, driven by a tweet from Elon Musk. The death of the squirrel Peanut has triggered heated discussions on American social media. For a time, right-wing groups expressed their support, which further boosted the rise of PNUT. As Musk said: "A squirrel and a meme coin saved America!"
Why is Meme coin so popular?

Yesterday, Bitcoin continued to rise, reaching a high of around 92,000U, while Ethereum climbed to around 3,130 U. Despite the strong performance of the crypto market, other markets are not optimistic - the A-share market closed sluggishly throughout the day, and the US stock market also fell after opening at night. However, Bitcoin only slightly adjusted around 87,800U before rising again. This trend shows the strength of the trend, or the main funds intend to maintain high prices.
However, this trend that deviates from the traditional market is often difficult to last. Based on past experience, the price of Bitcoin may eventually adjust synchronously. Therefore, at the current point, do not blindly chase the rise. Especially for varieties that have risen too much recently, you should consider taking profits at the right time. Personally, I expect that before Bitcoin sprints to 100,000 U, it may first fall back to around 85,000 U. At this time, reducing positions or taking profits is an important strategy to avoid the risk of chasing high prices.

There has been a lot of news recently, but I think this news is the most important. The above is the original text

Many people are not familiar with the US CFTC, but its influence in the financial market is also very huge.

CFTC is the Commodity Futures Trading Commission of the United States and one of the financial regulatory agencies in the United States. CFTC is an independent agency of the US government responsible for regulating commodity futures, options and financial futures and options markets.

To put it simply, the US CFTC is the same as the domestic Securities Regulatory Commission.

Let me tell you a classic case. On December 20, 2023, the former CEO of Binance, Zhao Changpeng, was fined $2.85 billion.

MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out a Bitcoin retracement to $60,000 — a key price level for much of 2024.
“I don’t think it’s going to $60,000, I don’t think it’s going to $30,000, I think it’s going to go up from here,” Saylor told CNBC on Nov. 14. Bitcoin BTC $88,133 is trading around $87,790, according to CoinMarketCap.
He said Donald Trump’s victory “very decisively” addresses the future of cryptocurrencies and Bitcoin in the United States, adding, “I really don’t see any threat in the short term.

Investing in Bitcoin is actually a two-pronged investment. When you bet on Bitcoin, you are betting on:
1. As governments take on debt and devalue their currencies, demand for value-storing assets such as Bitcoin and gold will increase;
2. As a means of storing value, Bitcoin will become more and more widely accepted, on par with gold.
The second bet is just another way of saying it’s not too late to enter the Bitcoin market. This bet is still valid. Here’s why.
A mature store of value asset looks like gold. No one makes a fuss when institutions allocate to gold, or when central banks take billions of dollars off their balance sheets to invest. You don’t read a lot of media reports skeptical of gold, nor do you see sitting US senators forming an anti-gold camp. Gold has already “made it.”

Pepe latest news!
Coinbase will list PEPE. If liquidity conditions are met, trading will begin on or after 11:30 a.m. EST on November 13, 2024.
Perhaps motivated by the two major coin listing platforms, PEPE has skyrocketed since yesterday evening. Even after Bitcoin fell and consolidated, it continued to break upward. Before writing, it reached a high of 0.000023 US dollars. The increase in one day once reached 91.1%, and the market value officially exceeded 10 billion US dollars.

What is Pepe?
PEPE is a deflationary meme coin launched on Ethereum and released on April 17, 2023. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme created by Matt Furie, which became popular in the early 2000s. The project aims to capitalize on the popularity of meme coins such as Shiba Inu and Dogecoin and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE attracts the cryptocurrency community by establishing a tax exemption policy, a redistribution system that rewards long-term stakeholders, and a burn mechanism that maintains the scarcity of PEPE tokens.

Personal suggestions and opinions on the current market:
1. BTC experienced a small shock, and altcoins collectively plunged. What is the reason?
2. BTC fluctuates above the 5-day line. The rise is not over yet, and the altcoins will rise again.
3. Don’t be disappointed with DOGE. If DOGE doesn’t work, there will be no future for altcoins.
1. Let me give you a brief analysis of the status of altcoins in this round of market;
At present, Binance has gone through two rounds of bull market, and hundreds of copycat project parties have sold most of their chips. It is not possible to get out of the bull market with just a little capital, and its vitality is approaching the end. In today's market with a shortage of funds, pulling the market will bear considerable risks.

Starting from the investment hotspot of AI Memecoin and the recent surge in ACT, three guests, defioasis, Maodi and Chen Yiyi, shared their investment experiences and lessons in cryptocurrencies such as ACT. Defioasis made a profit of 2 million RMB in just one week of building a position; Maodi sold his shares before listing on Binance, perfectly missing the opportunity to get rich. In addition, this podcast also includes a discussion of the market logic behind the surge in ACT, an analysis of community popularity, chip structure, and how to evaluate the potential and risks of the Memecoin project. It also shares the guests' personal long-term optimism about ACT and the strategy of adding positions at a low level, the experience of "selling" on GOAT and ACT due to misjudgment, and in-depth insights into Memecoin investment from the perspective of on-chain data analysis.

Dogecoin price gains momentum as a new 52-week high is formed at $0.4389, last seen in May 2021. With a market cap of over $53 billion, Dogecoin accounts for nearly half of the meme coin’s market cap of $110 billion.
However, Bitcoin’s pullback caused Dogecoin’s price to retreat slightly. Will this pullback lead to a bearish reversal for the largest meme coin? Learn more about the latest Dogecoin price analysis on Coinpedia.
Dogecoin (DOGE) price performance
With the bottom breakout, the reversal rally exceeded the 61.80% Fibonacci level at $0.23. Last week, Dogecoin price rose by 83.64% and this week it has recovered by 32%.

Since Trump won the 2024 election, the Bitcoin market has experienced a significant rally. After Trump declared victory on November 5, the price of Bitcoin quickly climbed, rising more than 30% and hitting an all-time high of $89,968 on Tuesday, according to Bloomberg data. The meteoric rise did not last, with Bitcoin prices experiencing some pullback as traders began to assess the possible long-term impact of Trump's election on the cryptocurrency market.

Trump’s victory undoubtedly brought a new impetus to the cryptocurrency market. During the campaign, Trump promised to establish a friendly regulatory framework for cryptocurrencies and even proposed establishing a strategic Bitcoin reserve to promote the United States as the center of the global cryptocurrency industry. The shift in stance is particularly notable because Trump has previously been skeptical of cryptocurrencies. However, Trump’s policy stance has changed significantly as digital asset companies have invested heavily in lobbying and funding during the campaign.

According to reports, Trump stated that Musk will collaborate with American entrepreneur Vivek Ramaswamy to lead the proposed Department of Government Efficiency (abbreviated as DOGE), which will pave the way for dismantling government bureaucracy, reducing excessive regulation, cutting wasteful spending, and restructuring federal agencies.

Trump said that Elon Musk and Vivek will lead the Department of Government Efficiency.
Abbreviated as DOGE.
Now Musk has achieved his wish to become DOGE, this is true love.

On November 12, after Bitcoin's price broke $90,000, it suddenly plummeted, dropping nearly $5,000 in just three hours.

The market shows that within 24 hours, Bitcoin peaked at $90,070.1, then fell sharply, dropping to as low as $85,500. As of the time of writing, Bitcoin is reported at $97,579.8.
Ethereum surged to $3,449 at one point, dropping to a low of $3,214, losing over $200 at one point. Coinglass data shows that over 260,000 people were liquidated across the network in the past 24 hours, with a total liquidation amount of nearly $1 billion.

Due to strong bullish momentum, Bitcoin has not shown any significant pullback or consolidation signs so far.

Since 2024, Binance has cumulatively listed 15 Memecoin projects (including futures and spot), of which 80% of the tokens have seen significant growth in market cap after being listed on Binance, with the lowercase $NEIRO even rising by as much as 7594%.
Yesterday, Binance listed ACT and PNUT and added seed labels to them, making them hot topics of community discussion. Among them, ACT rose over 2000% within 24 hours, setting a record for the first-day increase of newly listed coins on Binance recently, demonstrating extremely high market enthusiasm.
It is not difficult to see that Binance does not seem to have a rigid market cap requirement for the Memecoins it lists, treating those as low as $15.49 million and as high as $881 million equally; the only commonality may be community enthusiasm.

Hat Dog ($WIF)
WIF, or 'Hat Dog', is quickly becoming a leader in Solana's meme space. WIF's mascot is a quirky dog wearing a bright pink hat, and since its launch, it has built a community of over 188,000 holders. The token is hugely popular on social media, where fans can share memes, fan art, and stories, creating a fun and engaging atmosphere. WIF has grand plans and is collaborating to launch exclusive NFTs and other features.
If the number of active wallets on Solana doubles by the end of the year, WIF could be in the best position to attract new holders. The WIF community has already helped drive up WIF's price, and with bullish market interest soaring, further growth could lead to a price increase of 15-30%.

Looking back in history, whether in a small bull market or a large trend, the Dogecoin meme has always ranked high in market capitalization. With Trump's dream of the White House coming true, Dogecoin has also shone brightly. Musk's support for Dogecoin has not only helped it gain a foothold in social media and investment circles but the news that he will soon serve as the Minister of Government Efficiency has injected strong momentum into Dogecoin. Under the expectation of Trump's election victory, Dogecoin soared over 20% in a short time, reaching a high of $0.21936. Since November 2023, Dogecoin's price has accumulated a 120.8% increase. The following major drivers are behind this surge:

The recent market situation can be described as some are rejoicing while others are sorrowful.
Although Bitcoin has broken its historical high and reached $81,000, there are still people losing money in the market, and that is the truth.

In trading on financial markets, we need to stay clear-headed, calm, objective, and rational at all times.
Impulsiveness is a devil, and it is more direct in the crypto space; unlike traditional industries, any impulsiveness here is very evident — either you become wealthy overnight or you suffer losses.
But for the vast majority of retail investors, suffering losses is the final destination.
This market is even more brutal than the 80/20 rule; it’s basically a 90/10 situation. Even if it’s 80/20, the fact that only 20% of people enter means we are no longer losing money in this financial market. But does not losing money mean we will definitely make money?

The price of Bitcoin broke through $77,000 at 3:00 a.m. today (11/9), setting a new record high. According to TrdingView data, Bitcoin reached a peak of $77,229 (at the time of writing, the price of Bitcoin was $76,356). With a recent weekly increase of nearly 12%, Bitcoin's influence in the global market has once again attracted attention.
Experts pointed out that this wave of rise was mainly driven by a number of factors, including the introduction of more than $1.1 billion in capital inflows by BlackRock's iShares Bitcoin Trust ETF (IBIT), indicating that institutional investors' demand for Bitcoin has grown significantly. In addition, as cryptocurrencies are increasingly accepted by the mainstream market, discussions on Bitcoin as a reserve asset for the U.S. Treasury are also heating up.

Last night, Binance announced the launch of GRASS perpetual contracts, which immediately ignited market sentiment. The price of GRASS soared to $3.5, setting a new record high. The trading volume exceeded $700 million in 24 hours. Since its launch on October 29, GRASS has accumulated a growth of more than 400%. So the question is, what is the basis for this coin?
I wrote an article about GRASS before. At that time, the price was only $1.5, and I told everyone to buy it! As expected, the price of GRASS has increased several times. Today, I will talk to you about the latest developments of this coin. You can also go back and read the previous article as a review.

The first phase belongs to the rise of BTC, bringing the cryptocurrency market from a bear market into a bull market.
The second phase will undoubtedly belong to ETH's strong return, driving the entire cryptocurrency industry to thrive.

This is a unique operating rule in the cryptocurrency market, and this wave is still continuing. The article has shared this viewpoint since December 20203.
The cryptocurrency market has its own storyline, and all market trends continue according to this. The trends can also be understood as a relay race, where each baton is passed to ensure the bull market progresses smoothly.
There are no eternal strong players; even if BTC is so strong, it cannot always hold the top position. It also needs rest and accumulation of strength to welcome new highs.

With Trump's election, the crypto market entered the fourth year of a loose environment, and Bitcoin finally broke through the consolidation range of over 250 days, starting to break upwards, with the price once soaring to 75000 USD, hitting a historic high. Trump's ten important statements regarding Bitcoin and cryptocurrencies injected strong momentum into the market.

The interest rate meeting at 3 a.m. yesterday was held as scheduled, and the Federal Reserve decided to lower the interest rate by 25 basis points, announcing that the rate cut cycle will continue. After the US market opened, Bitcoin responded by rising sharply, breaking new highs, reaching 76849 USD, setting a historic new high.