So many events have taken place, the main one being the presidential elections in the USA. Congratulations to Trump, I really supported the old man, even made micro-bets on his victory on Polymarket, I've already written about this platform, I think the prediction market will surprise us again in 2025.
Trump launched green candles on the charts, skillfully telling during his election campaign about how much of a crypto guy he is. Let's start with the fact that first and foremost he is a businessman, entrepreneur, and showman, then the President of the USA. Honing his skills for decades in deals and connections, he has become a master at it. To see what people want and to say what they want to hear is truly a powerful skill that doesn't appear by itself. Now the question is, will the 47th President of the USA really fulfill his promise and create a strategic reserve of BTC, support mining in the USA, the right to hold digital assets without government interference, etc.?
Perhaps many think that after the inauguration in January, all promises will begin to be fulfilled. There is plenty of work in the White House even without your Beethoven, just take the issues with military conflicts, and the empire itself does not hold together so monolithically. Therefore, we are looking at a year or two at best.
The market has blossomed with green candles, bitcoin is reaching a historical maximum, which is nice to see. After so many months of volatility, knocking shorts/longs out of the market, we are being treated to this before Catholic Christmas. Channels have come alive and whispers of a bull cycle have begun, comparing to last year; apparently, warm memories of the legendary Arbitrum drop have not yet cooled.
Regarding new trends, I definitely want to mention DePin, specifically Grass. Honestly, I have FOMO only for this project for 2024. You sit, drink juice, and receive drops. Therefore, I will take it for the second season. As for the second drops, there is also a positive trend. Taiko, LayerZero, Optimism had tasty distributions; it might be worth taking a look at long-forgotten projects on Solana, examining the tokenomics, how they distributed in the past, what they managed to build during that time, how many people are working on the project—that could become a gem.
For me, this still remains a bear cycle; I am confident that by the end of the year there will be good growth and even drops to sponsor sandwiches with caviar. But all of this is a push for new liquidity, to instill faith in growth and fill bags with unnecessary L2 shields, so that in the new year, we can drag it through the bottom and knock new hands out of the market while catching the old ones that have been sitting since the hairy 21 year. It's already hard to scare those who are sitting at -50/60/70% at best; only moral and psychological pressure remains. I still hold the opinion of a bull cycle by the end of 25.
