Author: Revc

Preface

Recently, the crypto market has shown strong performance, with a total market value rising to $2.7 trillion, an increase of 3.21% from the previous day. The market trading volume in the past 24 hours has also significantly increased by 67.79%, reaching $208.85 billion. However, market risks should not be ignored. According to Coinglass morning data, the total liquidation amount in the past 24 hours reached $0.695 billion, with long liquidation at $0.317 billion and short liquidation at $0.378 billion. Making mistakes at this time could incur huge costs when exiting.

Since Trump won the US presidential election, the ceiling of regulatory restrictions on the crypto industry has been lifted. What height this round of market trends can reach is something we try to find answers from the recent performance of mainstream coins.

Analysis of Mainstream Coins

BNB

BNB In the past 7 days, BNB has only increased by 10%. After reaching a high point of $643.3, the price started to oscillate and pull back. BNB has strong utility in the Binance ecosystem, such as fee deductions, providing long-term value support. Recently, the linkage between the Binance ecosystem and the MEME sector has somewhat alleviated the pressure of listing, but has not yet directly reflected in the coin price. In the long term, Binance needs to further optimize the new listing model based on staking BNB and the pre-market trading market, to narrow the gap with user expectations and build a healthier, more sustainable narrative for BNB.

With Trump confirming his victory, the regulatory pressure that has long suppressed the development of the crypto industry is gradually being lifted. In the short term, there is no adverse news, and BTC is entering a new growth cycle. Some Wall Street analysts point out that the likelihood of Trump being restrained before the midterm elections is small, meaning that the crypto industry is expected to maintain a moderately upward trend over the next two years. Each time BTC breaks a new high, the market value support is strengthened, and the risk of sharp pullbacks due to regulatory uncertainty is also reduced. However, at the operational level, one still needs to be cautious of black swan events, such as economic situations leading to changes in the Fed's interest rate path, geopolitical conflicts, and unforeseen events during the period of presidential power excess, as the current market is filled with greed and sensitivity.

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Solana

Solana's price is currently still oscillating at the peak of the previous cycle, but obviously this does not meet the expectations of its supporters. Since the FTX incident, Solana has repaired the correlation with ETH, also an excellent L1. Solana has returned to its rightful peak. It is worth mentioning that the proliferation of VC coins in the Solana ecosystem also exists, but the community's sensitivity and innovation in business have overshadowed such issues, leading to the emergence of RWA, MEME, and DePin tracks. Ethereum is more about blurring the boundaries of decentralized organizations (resulting in weaker value support for governance tokens), with weak business returns on infrastructure construction consuming a lot of energy and resources. At present, there doesn't seem to be any significant improvement in this regard. Solana is a long-term asset worth paying attention to as BTC stabilizes at new highs, with expectations of good performance as liquidity overflows.

SUI

SUI has recently broken through to new highs, with a total market capitalization of 32 billion USD, a growth of over 67% in the past seven days. The team has a pragmatic spirit and engineering rigor of internet giants, distinct from other L1s. It focuses on compliance and the gaming track, with a significant increase in recent ecosystem TVL. However, it is important to monitor the sustainability of SUI's price trend. The gaming track occasionally performs in bear markets. Whether it can develop new narratives under bullish market conditions remains to be seen.

Summary

As bitcoin continues to break new highs and the Fed releases liquidity, the crypto industry will enter a development period of at least two years of 'abundant rain.' Investors should find the investment method and track that suits them to achieve good returns in this cycle. Although the road is long, steady progress will lead to success.