Content source: Weibo (Kuang Ren Daobi Dao)
Madman said
Bitcoin is the number one cryptocurrency in terms of Google search volume in 2022, followed by Dogecoin in second place, Shitcoin in third place, and Ethereum in fourth place. Bitcoin still ranks first, indicating that Bitcoin is still the most recognized token in the crypto industry, but the Shitcoin combination ranks second and third place purely because of the promotion of the big V Musk. This is also the sadness of the currency circle. Tokens with no technology occupy the top three positions. It can be seen that the public's overall investment logic in this industry is still hearsay, and they know very little about the logic behind various tokens. It is no wonder that many regulators say that it is worthless and is only a speculative market. In the bull market of 2021, the main asset categories for market innovation are Defi and NFT, and various types of Fi have been derived, such as GameFi, socialFi, NFTFi, etc. The rest of the innovations are still on the way to being falsified, including some innovative public chains. So far, none of them has been able to subvert Ethereum's position. For the next bull market, Kuangren still recommends that everyone speculate on new things rather than old things. Therefore, only Bitcoin and Ethereum should be hoarded, and other small coin investments should wait for the wind to come. At that time, new coins will be popular again, and most of the old coins will lie on the ground, except for some truly profitable projects whose value will rise over time, such as DeFi, NFT platforms, etc.
Legendary investor Bill Miler said that after the collapse of FTX, Bitcoin's ability to hold onto $17,000 is very impressive, and it is still one of his largest holdings. Kuang Ren also thinks this is a bit incredible. You know, the series of black swans triggered by the FTX crash are likely to cause various platforms to go bankrupt and liquidate. As a result, the market is calm even after tens of billions of dollars have been lost, which also shows that the selling pressure in the market has really been exhausted. Now it is grinding at the bottom until demand intervenes and the rise starts again.
JPMorgan Chase strategist said that most institutional investors are not interested in cryptocurrencies. I remember clearly that when the market was above $60,000, large investment banks such as JPMorgan Chase and Goldman Sachs believed that the era of full institutional adoption would come. Now that it has fallen to this position, it has begun to scare people again. It is simply a blood-sucking beast, shouting short at the bottom and long at the top.
Panic 29, no change.
Bitcoin: Yesterday, crypto trading volume fell to the lowest point since March 3, 2019. The market's chill is continuing to hit new lows, and a change in the market is imminent. We continue to wait for the market to recover.
Ethereum: The overall trend is still mainly linkage, and it is expected to be stronger during the recovery.
FTM: AC released the development priorities of FTM next year, including GAS monetization, GAS subsidies, user abstraction and a bunch of other functions. A public chain without a founder is just soulless garbage. Now that AC is back, there is still some hope for the token, and developers are more motivated to continue development. Don’t believe in the words of leaving it to the community. Facts show that this is basically equivalent to running away.
The U.S. is still on Christmas holiday tonight and the market is still closed. It is estimated that it will remain flat for another day.
