Meme Coin craze: DOGE, PEPE, WIF and BONK show stunning gains
Bullish sentiment in the crypto market is getting stronger as Bitcoin (BTC) breaks through $93,000 for the first time. Bitcoin has risen more than 24% over the past two weeks despite gold's decline, trading at around $89,622 in early Asian trading on November 14.
Fund rotation in the crypto market has been positive for the overall market, and this trend is expected to continue in the coming months. At the same time, Bitcoin has also entered the price discovery stage, and institutional investors have increased their positions in Bitcoin.
Meme Coin’s hot performance After the market value of Dogecoin (DOGE) exceeded US$55 billion, the meme currency field continued to strengthen. The current total market value has exceeded US$123 billion, and the daily trading volume exceeds US$89 billion.
In particular, the popularity of the frog emoticon coin PEPE has surged since it was launched on the Robinhood trading platform. In the past 24 hours, the price of PEPE has surged by more than 75% and is currently trading at around $0.000022, with its market cap also successfully surpassing the Sui (SUI) network.
At the same time, Solana-based WIF (dogwifhat) and BONK also experienced significant gains and performed well.
Be wary of the spread of greed According to data from on-chain analytics platform Santiment, the sharp rise in top meme coins indicates that traders’ greed has begun to rise. Analysts at Santiment cautioned that while bullish in the short term, overheated market sentiment may bring selling pressure.
“Historically, the rise of speculative assets is often accompanied by high social sentiment, and the popularity of meme coins on crypto social platforms also proves this. X, Reddit, Telegram, 4Chan and BitcoinTalk are all full of discussions about meme coins, so there is a need to Stay cautious," Santiment said.
Despite this, Santiment also mentioned that most second-layer (L2) tokens have performed weakly during the current bull run in the crypto market. As funds continue to flow into the DeFi market, L2 tokens will usher in new upside opportunities in the near future.
The CPI data will be released tonight, which is of great importance! If the CPI rises by 0.2%, the core CPI may reach 0.3%! This is a critical moment, so don't take it lightly!
If the data is better than expected, inflation may get out of control again, and the market will inevitably rebound! In addition, after Trump takes office, Powell will continue to stay in the Federal Reserve, and the policy may be tighter. The market will be under greater pressure, and the stock market and bond market will definitely be impacted, and the situation will become extremely complicated!
Everyone should be prepared, the real big market may come at any time, don't wait until you are caught off guard! The real test of the big bull market is not only the rise and fall of the market, but also the test of our mentality. When the account fluctuates, be calm and rational.
Next, I will push the next ten-fold potential coin inside! Don't guess blindly, follow me, that's the way to go! Like + leave a message, I will share it for free!
XRP has experienced a staggering rise recently, soaring 45% in just eight days, and has become the seventh largest cryptocurrency by market capitalization. This wave of growth has attracted widespread attention, and XRP's discussion volume accounts for more than 4% of the altcoin circle. Many people began to speculate whether XRP could break through the annual high of $0.74, and the FOMO sentiment became stronger.
Long positions on major exchanges surged, and market confidence exploded Several major exchanges, including Binance, reported that XRP's long positions increased sharply, reaching the highest level since March 31. This means that more and more investors are optimistic about XRP's future performance. However, the rapid accumulation of long positions may also bring rapid selling pressure, and short-term volatility cannot be ignored.
Can the surge in social media heat predict future trends? As the price of XRP soared, the discussion heat on social media platforms also reached a new high. XRP's discussion volume accounted for more than 4% of the overall conversation of altcoins, showing a high level of community attention. Historical experience tells us that the discussion heat on social media often predicts price trends. Investors should not ignore these trends and community trends when analyzing XRP's future performance.
Summary: Can XRP break through $0.74? The rapid rise of XRP has undoubtedly attracted the attention of a large number of investors. With the accumulation of long positions and continued discussions on social media, XRP's prospects still look bright. But the market is also full of uncertainty. Rapid long-term accumulation sometimes triggers a sharp correction. Investors should do a good job of risk management. Whether XRP can continue to rise in the future depends on market sentiment and capital flows.
Altcoins to watch: DOGE, PEPE, NEIRO, SUI, BONK
Here comes the point: If you also want to seize this wave of market opportunities, join me quickly and follow my steps to layout the next wave of bull market! Comment "111" to discuss with me how to layout the market and seize every opportunity for skyrocketing!
1. Don't be too greedy when trading cryptocurrencies; there is plenty of money in the crypto world, but it's unrealistic to want to take it all.
2. Don't panic when the market is volatile; the big players usually stabilize the major coins and won't let go easily.
3. Even when the major players are selling, it's not as simple as wanting to sell; there is always pressure.
4. When a coin is declining and volume increases at the bottom, whether the breakout is real or fake, you need to be cautious.
5. Hang in there a bit longer; sometimes the washout is almost over, and opportunities will arise.
6. Medium-term operations are more reliable; heavily invest in one coin while keeping some funds for flexible operations, selling high and buying low, making the difference is key.
7. For short-term trading, pay attention to K-line patterns, market sentiment, popularity, and the speed of increase; you can't miss any of these.
8. Coins that are building a bottom have a high safety factor and can be considered for purchase.
9. Coins that are accelerating may yield greater profits, but timing is crucial.
10. When using technical indicators, pay close attention to divergence signals; don't just focus on the high or low values; consider the overall trend.
Why do people always like to increase their positions when in profit? But isn't it easier to incur losses when the market reverses?
Actually, many people think that increasing their position when in profit can quickly amplify returns, but they overlook the fact that a market reversal can turn profits into losses in an instant. This kind of "illusionary position increase" can sometimes be a "sweet trap." Today, I would like to share how I increase my positions when in profit, hoping to provide some help!
My position increase logic: 1. I will increase my position a maximum of three times. I operate on a daily chart, and before each position opening, I will divide my capital into three equal parts.
2. Each time I open a position, the stop-loss is calculated independently, not averaged out. This can avoid an overall loss due to one erroneous judgment.
3. Conditions for increasing positions: The first order must be profitable before considering the second order.
The second order must be profitable before opening the third order.
An important point is that before each position increase, two conditions must be met: the previous order must have already made a profit, and the new stop-loss point must be above the cost price of the previous order. This can effectively reduce unnecessary trades.
How to deal with floating losses?
The position size of the first order is small, and if the stop-loss is also a small loss, then seek new opportunities later.
The second order must meet two conditions: the first order must be profitable, and the new stop-loss point must be above the cost price of the first order. If the second order is stopped out, the first order still breaks even.
The third order follows the same logic; if stopped out, only the third order is lost, while the first two orders remain at breakeven.
The key point is: no matter how many positions I open, the risk I expose to the market is always just the latest order. This way, even if I get stopped out 10 times or 20 times, as long as I successfully seize one major market trend, the previous losses won't matter.
Be cautious when increasing positions; don't blindly chase rising prices, otherwise, profits can turn into losses in an instant.
I don't trade often; over the course of a year, I only make a few moves, but each time is a high-win-rate setup, avoiding losses from frequent trading.
Opportunities for the next layout Next, I will be focusing on: DOGE, PEPE, NEIRO.
Here comes the key! I will bring my followers along to lay out a few mysterious projects. If you want to get on board together, leave "111" in the comments; opportunities wait for no one! 🚀
Pits that 90% of people in the crypto world can't avoid—how many have you fallen into?
After spending a long time in the crypto world, you will inevitably step into various pits, whether you're a newbie or an experienced player; these pitfalls are simply a rite of passage. Today, let's talk about the places where 90% of people have stumbled and see if you've stepped in them too? Don't be afraid; recognizing the problem can help you avoid pitfalls and turn things around sooner.
1. Being 'signaled' and getting chopped down Many newcomers to the crypto world are led in by 'signal groups' or so-called 'big shots', and after a spree of random buying, they end up being cut down to nothing. These 'masters' seem to know a lot, but they are really just seasoned pros leading you into a pit. Remember this: who really has an amazing strategy will tell you for free?
Next week, the Unisat wallet will launch more major features, continuing to lead in the field of chain abstraction technology. This is definitely great news for LIT token holders!
With the continuous upgrades of the Unisat wallet, the liquidity and usability of the LIT token will further improve. Users can more conveniently create Litentry wallets, receive LIT tokens, and quickly complete transactions using the Unisat wallet. This not only simplifies operations but also significantly increases efficiency, making the application of LIT tokens in the market more widespread.
These new features will also open up more application scenarios for the LIT token, whether participating in Litentry's identity authentication protocol or serving as a payment method for other blockchain projects, the unique value of LIT will be further highlighted.
Next, with the support of the Unisat wallet, the LIT token will usher in broader development space and investment opportunities. For investors, this opportunity cannot be missed!
Cardano (ADA) Price Soars, Market Sentiment Heats Up
Cardano (ADA) has recently performed impressively, surging 17% within 24 hours and attracting market attention. ADA quickly rose to $0.4236 after breaking through a key resistance level, marking a four-month high. This surge not only reflects the overall recovery of the cryptocurrency market but also indicates that investors are regaining confidence in ADA.
Trading Activity Explodes The market activity for ADA has significantly increased, with 37,892 unique addresses actively trading in just one day, reaching the highest level since early September. Additionally, large transactions (over $100,000) surged to 697 during the same period, marking a high point since September. This data suggests that large capital is re-entering the market, providing support for further price increases.
Market Outlook and ADA's Potential Analysts generally believe that ADA has successfully broken out of a long-term consolidation and is expected to continue moving upward. Technical analysis shows that, with increasing bullish signals, ADA's price may rise further. Notable analyst Mind Trader predicts that if the current market trend continues, ADA could even achieve a 100% increase, heading towards $1.
Impact of the U.S. Election on Market Sentiment The recent market rebound has also been driven by external political events, such as the overall optimistic sentiment in the cryptocurrency market following Donald Trump's victory in the 2024 election. This macroeconomic backdrop provides additional momentum for the rise of ADA and other altcoins.
The current rise of ADA not only demonstrates market confidence in its future but also provides positive signals for other altcoins. As market activity and trading volume increase, investors may reassess their investment strategies to seize potential upward opportunities. If market sentiment remains positive, ADA may further challenge higher price levels in the coming months.
First of all, it is the only meme coin that adopts the POW mechanism, and it was also the first to break out of the niche. The main players have long since sold off their chips, experiencing a legendary market with a 100x increase and several rounds of 10x increases.
Secondly, its price is particularly subtle, hovering around a few cents, which feels very close to the everyday currency sense of Americans.
Moreover, with Musk's continuous endorsement, I have no doubt that DOGE will reach 1 dollar in the future — 1 DOGE = 1 dollar, this price has a certain beauty reminiscent of Euler's identity.
Yesterday BTC continued to rise, news of Trump's election became a strong positive factor, pushing BTC to a new high, reaching a maximum of 76400. Tonight, the Federal Reserve will hold a monetary policy meeting, and the market expects a 25 basis point rate cut. If this happens, it will be another major positive factor, and the market is expected to rise again. There may be a slight correction during the day, but the trend remains upward, with a healthy daily line and a golden cross forming on the weekly line. Holders remain confident and bullish.
ETH rose alongside BTC yesterday, breaking through 2800 this morning. It is short-term overbought, and there may be a consolidation correction during the day. If there are positive factors in the evening, the outlook remains bullish. It has currently reached the target range of 2800-3000. Those holding can consider reducing positions at highs and wait for a correction to re-enter.
Altcoins are also rising in sync. SATS continues to hold, and a target price around 50 can consider full liquidation. PEOPLE can be held for the medium term, and FTM remains unchanged.
Intraday market analysis BTC is short-term overbought. If it corrects to the support level, consider positioning. The long-term outlook remains bullish, with support at 73800-74300 and resistance above at 76500-77000.
ETH is also short-term overbought. If it corrects to the support level of 2680-2730, it can be acquired. The resistance level above is at 2930-3000.
Focus on this week's Federal Reserve monetary policy meeting The November 8 Federal Reserve monetary policy meeting is highly anticipated. CME data shows a 98% probability of a 25 basis point rate cut in November. The results of this meeting will have a profound impact on the crypto market in 2024. Given the current market environment, Bitcoin is poised to challenge historical highs in November. Taking advantage of this timing may be the best opportunity before the end of the year. Those who miss it can only adjust their mindset and wait for the next opportunity.
Trump is about to take office, with favorable conditions!
Election night arrangements: Musk has confirmed he will accompany Trump through election night, publicly supporting Trump! His private jet has arrived in Florida, teaming up for a resonance on election night, drawing market attention!
Yesterday, DOGE also called on fans to increase their positions
Now everyone is feeling numb
The well-timed orders prepared in advance are ready to take off!
Leave a comment with 999 to get on board!
Impermanence brings! Impermanence brings! Impermanence brings! Important things are said three times!
Will Bonk (BONK) dominate the Memecoin market this month?
Is it time to add Memecoin to your portfolio? As the volatility of the crypto market increases, whether memecoin is worthy of entering the portfolio has attracted attention. As a popular meme coin, Bonk (BONK) has recently experienced price fluctuations, and its future trend is worth discussing.
Bonk price fluctuation analysis In the past 24 hours, the price of Bonk has risen by 4.28% and the trading volume has reached 116.99 million US dollars, but from the weekly and monthly lines, it has fallen by 13.36% and 8.36% respectively. From a technical analysis, the MACD of the 1-day line shows a negative trend, and the number of red bars is gradually increasing, suggesting that there is downward pressure in the future trend.
The "death cross" of the EMA 50 and the 200-day moving average appears on the daily chart of BONK, which may indicate the risk of continued price decline this week.
Price outlook for this month: Will it retest $0.000025? If the market turns in favor of the bulls, the price of Bonk may first retest the $0.00002125 resistance level and then hit the overhead resistance at $0.0000250. However, if the bears continue to gain the upper hand, the price may sink to the support at $0.0000150 and may even touch the yearly low at $0.000010 mark.
Cryptocurrency Market Dynamics Will the market surge due to the U.S. interest rate cuts? Actually, since the ETF approval at the beginning of the year led to a surge, BTC has been hovering around 60,000, and recently has pulled back due to the uncertainty of the elections. The mainstream 'VC coins' have suffered even more.
Who is buying ETFs? Many sovereign funds, public funds, and family trusts are allocating part of their assets to BTC. On one hand, the expectation of interest rate cuts by the Federal Reserve has led to a devaluation of the dollar, making Bitcoin's 'digital gold' attribute more prominent, beating inflation; on the other hand, support from leading institutions like BlackRock and Vanguard has also made BTC more secure and reliable, reducing the risk of liquidation.
So far this year, most altcoins have not performed as well as BTC, with its market cap share approaching 60%. Large funds basically only trust BTC, and top institutions have unlimited buying capacity.
Super Large Institutions in Cryptocurrency Undoubtedly, Binance is currently the number one player. Even though CZ was fined over 4 billion USD by the U.S., it hasn't harmed Binance. It’s worth noting that 4 billion exceeds the market value of many projects. Moreover, whenever Binance announces the listing of a coin, that coin almost always experiences a significant surge. The previous NERIO is an example, but its popularity has gradually decreased. After all, only projects that continuously deliver can stabilize coin prices, but there are no solutions during bad market conditions.
It is worth noting that Binance has accepted U.S. regulatory scrutiny, and CZ confirmed that user funds were not misappropriated, which also means that Binance is about to enter a new starting point.
Now is a good time to position oneself; those interested can follow along.
DOGE approaches key sell positions, SOL tests critical area in 90-minute cycle
Under the election effect, DOGE surged rapidly, while SOL tested key moving averages within the 90-minute cycle:
DOGE: The main force is bullish, focusing on 0.17, with large orders from OKX clients continuously placed here for 4 days; further above, there are over $6.2 million in sell orders accumulated at 0.74, with support at 0.1575~0.1587.
SOL: The moving average range of 160~163 is critical; if broken, it could look towards 170~173, with multiple large orders positioned; support is at 147~148.2, with buy orders accumulated.
Once the election takes place, these few niche coins may surge!
Whether Trump or Harris wins, the outcome of this election will definitely ignite market sentiment. Especially if Trump wins, the market may react more violently, which would be a definite positive for the cryptocurrency space!
Now is the time to take advantage of the situation, as Bitcoin is experiencing a downturn, making it an excellent opportunity to invest in potential coins! I believe the following niche coins have at least 2-3 times potential in the short term, and possibly start at 10 times in the long term:
SXP: The ace of the Solar blockchain, rich in functionality, combining management and practicality, with significant developmental potential.
DOGE: A well-established popular coin, with high sentiment, top liquidity, and a positive market trend.
SUI: Developed in collaboration with Sweet and MLS for MLS QUEST, featuring fast transaction speeds and strong minting capabilities, gaining much attention.
MKR: Strong performance, technical indicators pointing bullish, with high interest from various funds.
TURBO: An AI contract popular coin, although it has experienced fluctuations, the future still looks promising.
Next, the Federal Reserve's interest rate cuts and the election announcement are key points; now is the right time to strategically position these potential altcoins!
The altcoin season is here, don't miss out! The altcoin season will definitely come, just don't expect the crazy increases of the past.
The market is now more mature, and funds are more rational; the volatility of altcoins may not be as exaggerated as before.
Even if the increases are not as great as before, as long as you catch the rhythm and focus on the right projects, you can still seize good opportunities.
Don't think about getting rich overnight, but also don't ignore the potential market trends; the altcoin season is still worth looking forward to!
The essence of trading: a battle with one's own humanity!
Coin trading and stock trading are, on the surface, a battle against the market, but the real game is actually with oneself. The ups and downs, temptations and fears in trading are a test of human nature. If you want to make money, you must win over yourself. If you understand the following aspects thoroughly, you will be one step closer to success.
1. Fight against greed Everyone who enters the market wants to make a lot of money, but greed often traps people. Many people are unwilling to sell when they see the rise, and as a result, they are killed when they take over at a high position. The most difficult thing in trading is to be content, grasp the goal, and leave when you make a profit. Don't think about stepping on every wave of the market.
2. Overcome fear When the market falls, it is the most challenging for people's hearts. Many people panic when it falls and can't help but sell at a loss. In fact, the market cannot rise or fall all the time. If it rises too much, it will pull back, and if it falls too much, it will rebound. The key is to make calm judgments and not operate blindly out of fear.
3. Get rid of herd mentality This is especially true in the cryptocurrency circle. After some people enter the market, they see others making money by buying something, and they are eager to follow suit, regardless of whether it is a high position. Only a few people can really make money. If you want to make money from others, you have to do the opposite. Don't blindly follow the trend and have your own judgment.
4. Control impulse Impulse is the biggest enemy of loss in trading. Whether it is entering the market based on news or buying at the bottom after a short-term plunge, it is often impulse that leads to wrong decisions. Trading is not gambling. Every operation must be analyzed calmly. Impulsiveness may lead to losses for a lifetime.
5. Cultivate patience Market fluctuations will not follow our plans. Patience is the key to profit. Many people can't hold on to good coins and want to trade at every turn, but in the end they end up with nothing. Good opportunities must wait. Only when you hold coins with real potential will they have value.
The essence of trading is not to fight with the market, but to learn to compete with your own fear, greed, and impulse. Only by constantly cultivating your mind can you stand out in this game of human nature.