Whenever the market is not as expected, there will always be various interpretations in the market, such as the distinction between "old coins" and "new coins", or the change in the exchange rate trend of old altcoins relative to Bitcoin and Ethereum, or the main hot spots of this round of bull market are different from previous cycles, etc. These statements will appear in every round of market, and usually have a certain degree of subjectivity, and it is difficult to use them as a reliable basis for investment judgment. Therefore, I will not pay too much attention to this information.
For my personal investment portfolio, I always focus on one core: whether there is still huge growth potential in the future for public chains, wallets, DEX, lending, and stablecoins. Currently, many currencies are experiencing a correction, and the price drop makes many investors feel uneasy. But this kind of fluctuation is just a common adjustment in the market, and not all declines mean bad things. After the wash, the real opportunity will come. Adjust your mentality and prepare for the next strong rise!
On November 12, local time, news reported that US President-elect Trump announced that American entrepreneurs Elon Musk and Vivek Ramaswamy will jointly lead the proposed "Ministry of Government Efficiency" after he takes office as president.
3 altcoins that can increase 100 times after Musk takes office DOGE!
PNUT
Punt is a typical political meme project. Since its launch, it has been mentioned by Trump and Musk many times and quickly became popular due to huge traffic and popularity. Although the increase is slightly lower than that of ACT, its market value performance is relatively stable, with the highest increase of nearly 4 times.
After the wash adjustment, Punt is expected to show a strong upward trend and is expected to promote relevant animal protection legislation. In addition, the dedicated forwarding support from Trump and Musk also provided strong endorsement for Punt, allowing it to receive important attention traffic in this key event of the election.
BABY
PEPE prices have surged recently, partly due to the positive impact of Donald Trump's presidential election. In addition, Robinhood's listing of PEPE on its European platform has also brought a boost. This listing activity allows users to receive PEPE rewards and a 1% deposit bonus, further increasing market enthusiasm. Analysts are optimistic about PEPE, and some predict that it will have a strong upward trend based on technical indicators and market sentiment.
Meanwhile, PEPE has seen a significant increase in whale activity, with over 244 transactions involving amounts above $100,000 indicating strong interest from large investors. This increase in whale interest coincides with rising PEPE prices, suggesting market momentum is poised to build further. Increased trading volume may also attract more investors, which may increase market volatility for PEPE.
SUN
Currently, Solana (SOL) is trading at $204, up 7.39% in the past 24 hours, and has seen a significant increase in trading volume to $22.12 billion, with a market capitalization of $104.56 billion, accounting for 3.45% of the total cryptocurrency market capitalization. In the past year, Solana has experienced a cumulative increase of 281%, outperforming most mainstream crypto assets such as Bitcoin and Ethereum.
The current SOL price is 49.80% above its 200-day simple moving average (SMA), showing a steady upward trend. SOL has risen in 19 trading days in the past 30 days, and this continuity further strengthens the market's confidence in it. SOL is close to its cycle high, showing high liquidity and strong market performance, which also shows that investors' confidence in it remains high.
