The recent surge in BTC is mainly due to the following reasons:
First, Trump's chances of winning the election continue to rise, and many funds outside the market are looking forward to the legalization of cryptocurrencies. This year may become the first year of BTC.
Second, the CEO of BlackRock spoke out and said that no matter who enters the White House, it does not matter to Bitcoin because Bitcoin is an asset class that can transcend global politics.
Third, expectations for a Fed rate cut continue to rise, and it is basically clear.
Fourthly, the crash of Mentougou tokens has been postponed to next year, and there will be no more crash this year.
Bitcoin hits 70,000 mark! 3 cryptocurrencies are expected to increase 100 times!
WIF
WIF is the leading Meme project on the Solana chain. With its unique opening without a community and narrative, it achieved a 10,000-fold increase in just four months, becoming the first Dogecoin series project to break through $1.
Currently, WIF has become the third largest Meme coin after Doge and Shib. Although WIF has risen sharply, data shows that whale accounts have not yet started selling, which means that the market's expectations for its subsequent rise remain strong. Analysts expect that as prices continue to rise, WIF's market value is expected to exceed $10 billion in the next bull market.
Bome and WIF are both strong contenders for the title of Meme King in this round of bull market. However, WIF is currently more powerful and may be the first to break through the 10 billion market value, similar to Shib's performance in the past.
BABY
PEPE is a deflationary token based on the popular "Pepe the Frog" emoji. With the continuous destruction, its scarcity and uniqueness continue to increase. In 2023, the market value of PEPE soared to an astonishing high of 1.6 billion US dollars! However, the grand occasion did not last long. PEPE subsequently experienced a correction, with a drop of 37%, causing many holders to choose to cash out. Despite this, the future of PEPE is still full of infinite possibilities and exciting.
Forecasts show that by 2025, the average price of PEPE is expected to reach $0.0000365, and the highest price may even reach $0.0000413. If the development team continues to advance the token destruction plan, the appreciation potential of PEPE will not be underestimated!
SUN
Solana is a blockchain platform designed to provide high performance for decentralized applications (dApps) and cryptocurrencies. Its unique Proof of History (PoH) consensus mechanism is its key differentiator, enabling the network to process transactions quickly and efficiently. This approach helps Solana solve one of the main challenges in the blockchain space while keeping transaction costs low.
These features make Solana a top choice for developers and users, especially for those seeking an alternative to more congested networks like Ethereum. Recently, Solana has seen significant price action, surpassing the $150 mark for the first time since early October.
This shift in price could signal the end of the downward trend that began a few months ago. After reaching a high of $160 earlier this month, the price fell to $136.90. However, it is currently trading around $155, which suggests that Solana may be breaking through the resistance level that has been holding it back since late July.
