Public account: Cream Girl
Recently, Bitcoin has seen a slight rebound, which has driven the rise of other mainstream coins and altcoins. However, caution must be exercised as the current Call opportunities are relatively limited, especially during the Christmas period, when trading activity in the USA stock market may decline. If positions were added during the previous decline, now consider taking some small profits near 0.1 million yuan and watch the changes.
Some friends in our Community shared news that recent reports indicated that the Shanghai court in China has made some rulings, stating that holding Cryptos in China is not illegal. However, the newly revised Anti-Money Laundering Law in China will officially take effect on January 1, 2025, categorizing Cryptos as one of the means for money laundering. This involves both elite individuals transferring Assets and converting illegal income into Bitcoin. Any exchange of Renminbi for Cryptos through illegal means may be identified as money laundering, thus regulation will become increasingly stringent.
Before Christmas, while Bitcoin was performing poorly, BGB reached a new high, which makes me feel that BGB is about to lead the market and bring on a wild bull market for Cryptos, it's really impressive! After BGB, BWB began to surge. For those who are empty-handed, it’s advisable to Buy BWB in batches around 0.5 or below. BGB could rise 20 times in a year, so it wouldn’t be surprising if BWB goes above 1 USD.
The price of AAVE continues to soar, solidifying its position as the largest lending protocol in the Cryptos space, with a Market Cap of 5.5 billion USD, surpassing the total of all other top ten lending protocols combined.
Driven by strong bullish momentum and increasing market interest, the token has risen 220% this year, with a 110% increase in the last 30 days.
If the current positive momentum continues, AAVE's price may test 400 USD, which is an important level that would set a new high since 2021. Supported by the golden cross pattern and EMA line on December 23, the token only needs to rise 7.5% to reach this milestone, indicating that the upward trend may persist.
The consistency of this Technical Indicator suggests that bullish sentiment remains strong, and if the trend stays stable, buyers may drive prices higher.
Recent considerations for laying out altcoin strategies:
Spot orders: Place orders for Cow coin at the prices of 1.079 and 1.04, the reason being that Trump's presidency is bullish for value coins. Luna coin is a strong coin and suitable for ambushing at the Resistance.
Coin selection strategy: The altcoin season has arrived, try to choose altcoins that are related to Institutions in the USA; the trend in the US stock market is evident, and following Institutions in the USA is likely to lead to price increases for these coins.
Key coins:
- AVAX: Invested by Morgan and Grayscale.
- Link: Related to Trump, Grayscale, and Fidelity.
- Sui: Backed by A16z and Coinbase.
- AAVE: Supported by Framework and ParaFi Capital, also linked to Trump.
- ENA: Blackrock, Trump, and Dragonfly are involved.
- Pengu: 1KX and Shima Capital have invested.
- ONDO: Blackrock, Trump, and Morgan are involved.
- CRV: Multicoin Capital and Blackrock are included.
- ZRO: A16z, Multicoin Capital, and CB have invested.
- PUFFER: Fidelity and Electric Capital are involved.
- VELO: Blackrock is involved. The offline meeting in Shenzhen on January 2nd and 3rd will provide valuable investment research information, contact me and we will meet in Shenzhen!