Today's market analysis:
Bitcoin is currently fluctuating at a high level, but at the same time, altcoins are already struggling to maintain their prices. The rapid rise of altcoins has led to a period of profit taking. Therefore, I have always emphasized that you must withdraw your principal after making money. In a bull market, a wise operation strategy is to withdraw your principal and leave the tail position, because in a bull market, the income from the tail position is often very considerable. I believe that veteran bull market participants have experience in this regard.
The current high-level fluctuation range of Bitcoin is above 44300 and below 41888. If it effectively falls below the lower edge, the short-term trend may come to an end, and a long period of adjustment may follow. However, the overall trend still exists, and the market may continue to move upward after a short-term adjustment, and the market enthusiasm may continue before the Bitcoin halving.
On the operational level, now is a good time to officially pick up bargain chips, with a special focus on areas such as Bitcoin ecology and depin. No matter which field you choose, the key is whether the project has practical applications, user base, strong community support, and low valuation. If you can find such a project, then now may be the best time to invest.
As for copycats: copycats have fallen to the point of numbness!!!
As the ETF announcement date approaches, the market is like a deadly serial knife, constantly reaping the benefits.
It might have been the leader on the list of gainers yesterday, but today it might be at the top of the list of losers.
Large digital currencies are also currently bleeding, and most altcoins are following the market down rather than up.
It is recommended to avoid full-position operations and to leave room for maneuver. Even if the spot is stuck, sufficient funds must be reserved.
When the market collapses, it is the time to test your ability to cover your positions and you need to make prudent decisions.
Today's market hot spots:
@Port3Network completed ido financing;
@bounce_finance launches new staking tokens, a series of "shitcoins" are staked, and the overall trend continues to decline;
@GasHeroOfficial pushed $GMT up during the two-day fomo period over the weekend. Currently, $GMT has fallen back below 0.4. It is not sure whether it is a failed breakthrough or a pullback before the rise (@FoliusVentures founder said: GMT may reach $1 in the short term, and may enter the top 25-75 in 2-3 months. Holders are shouting);
@playbigtime The project team continued to deep clean up and still failed to recover the investment;
After yesterday's sharp rise, $POWR and $PEOPLE are now falling rapidly, with $POWR falling 60% and $PEOPLE falling 40% (is it a violent clean-up or a fresh start?);
Shanghai Taxation announced that individuals who buy and sell virtual currencies online need to pay individual income tax (Shanghai Taxation’s official account has deleted the article on “virtual currency taxation”);
@TinFunNFT’s capital verification has exceeded 5000wu, making it the best performing NFT project in the East;
The market is waiting for the ETF results on the 10th. Currently, the majority of candidates are unable to pass the ETF, and the market seems to be reacting.
Community news: Since the theft of Heco, the public exchange chain of Huobi, in November 2023, the deposit and withdrawal of coins have not been able to proceed normally;
Inscription lending platform Tonka Finance will launch the TGE of TOKA tokens on January 8;
Telegram bot project Unibot now supports the Arbitrum network ( @BananaGunBot seems to only run on#Ethereum);
Fed's Logan says another rate hike should not be ruled out;
Grayscale GBTC’s negative premium rate has narrowed to 5.59%;
Sui Network TVL reached 225 million USD, ranking 4th among non-EVM chains;
BC Technology Group's special general meeting of shareholders voted to approve BGX's subscription agreement of more than HK$710 million and will be renamed OSL Group (@bitgetglobal became the first virtual currency exchange to acquire a company with a Hong Kong exchange license);
Luke Dashjr's proposal to restrict inscriptions was not passed and has been closed;
The xKingdom project on Arbitrum is suspected of running away, stealing about 552 ETH (already transferred to Binance);
WAGMI is scheduled to be deployed on the MetisDAO platform next Monday.
Share a project with you:
Port3, the main traffic leader in the BRC ecosystem, has successfully cooperated with the top IDO platform Bounce.
Recently, Port3 has developed a powerful Web3 platform in the BRC ecosystem, with more than 2.5 million active users. Port3 works closely with most BRC projects and has achieved the aggregation of more than 95% of BRC projects and users through whitelist distribution. Port3 chose to cooperate with the top IDO platform Bounce, which injected strong momentum into the development of the project.
As the latest IDO cooperation project of Bounce, Port3 has gathered an impressive lineup of investment institutions. Prior to this, Port3 has successfully attracted investment and attention from a series of important institutions, including An Labs, Jump, DWF, Gate, Kucoin, etc.
Bounce's recent IDO projects have performed well:
MUBI: The project increased by 729 times
BSSB: Achieved an outstanding 170x return
BDID: Successfully achieved 45-fold growth
AMMX: A 13.6-fold growth
Port3 Price Outlook: As the main traffic engine of the BRC ecosystem, Port3 Network has a strategic partnership with Bounce and strong support from luxury investment institutions, and its future project performance is highly anticipated. We expect it to show impressive performance after its launch, and the development of Port3 will bring greater vitality and innovation to the entire BRC ecosystem.
PORT3, the largest traffic engine of BRC, has built the largest WEB3 ecological platform of BRC, with more than 2.5 million active users. Working closely with most of BRC's projects, the whitelist distributed through the PORT3 platform covers more than 95% of BRC projects and users.
Investment institutions include Mouan Labs, DWF, Jump, Gate, Kucoin, etc., and have reached cooperation with the DWF market maker which has attracted much attention recently.
