Insight财经

There is a very comprehensive article about HYPE here. Of course, to put it simply, there are two points:

1) AF converts other assets into HYPE and destroys them;
2) 50% of the L1 gas fees and transaction fees will be given to AF, AF converts it into HYPE and then destroys it;

What are the advantages and risks of holding HYPE long-term?
https://chainalert.me/view/research/6e7d8b

Current Status of Cryptocurrency:

1) Bitcoin has decreased by nearly 15% year-on-year and has fallen over 30% from its peak;

2) Altcoins have been severely hit, almost all dropping to zero;

Google's search volume for cryptocurrency has reached its lowest level.

The global financial environment has entered a mode of massive liquidity: the Federal Reserve has started invisible QE, US stocks have reached new highs, gold has reached new highs, and silver has reached new highs.

Inflation is gradually returning to normal levels, and oil prices are continuously declining.

Cryptocurrency and other assets have formed a divergence. Cryptocurrency has an air-like attribute, making it very easy to be entirely denied, aside from this difference. The current divergence of cryptocurrency is similar to housing prices a decade ago.

A decade ago, housing prices in Tokyo hit bottom. In this case, due to China's high mortgage interest rates, housing prices in the suburbs of Wuhan and Nanchang have already caught up with Tokyo's housing prices, while Tokyo's income is more than 10 times that of these second-tier cities.

So was it more cost-effective to invest in Tokyo a decade ago? Actually, no.

Later, the prices of these undesirable suburban houses rose for a period of time, surpassing the rise in Tokyo's housing prices. Then, after another 5 years, those who bought these suburban houses suffered significant losses.

In contrast, Tokyo's housing prices rose threefold. Of course, cryptocurrency is air-like, so it can't be compared this way.

However, at that time in Tokyo, people really saw these houses as air. Because Japan's population is declining, many houses were left vacant. I remember in 2016, real estate agents in Tokyo were promoting extremely cheap houses.

I thought they were coming to harass me; in fact, they were there to give away money.

If it weren't for the air-like attribute of cryptocurrency, getting in would be effortless, but without this air-like attribute, the narrative would be debunked, leading to such a large drop, and it would continue to fall.

I still choose to invest gradually, although I really have no surplus funds except for the money I can't move.

The money that can't be moved is absolutely untouchable; going in now would lead to zero, so I can only burn a little money for fun.

The large unlock of cryptocurrency is somewhat unethical.

Next week, there will be large unlocks for tokens such as $HYPE , $SUI , $EIGEN :

https://chainalert.me/quick/featured/65698e

When making judgments, it is necessary to have appropriate logic and basis. You may support HYPE and SUI for other reasons, but you cannot favor SUI based on bulk unlocks while not favoring APT.

Because both SUI and APT are unlocking.

Many people continuously PUA others' opinions, but lack basic logic. This is also a consequence of some countries lacking basic logical education: a street full of lunatics.

Golden Finance is down, everyone can try Coin Chain News.
At the bottom of the homepage, there is 'Today's News' ---〉 'View All' ---〉 News Flash

Old leeks die from bottom-fishing, sigh... In 2022 and 2023, when FTM (now S) was falling, I started buying a little bit of FTM at 0.5, then it dropped to around 0.15 to 0.2, and I was losing blood at that time. Later, I accumulated a lot of coins.

Then it rebounded to 0.65, fell down again, and rebounded.

I went in and out several times, making a lot of profit. Then this time S fell to 0.25, I started buying in, really did not expect it to drop to 0.07.

However, to be honest. If time could go backward without memory, under such circumstances, I would still buy in.

I can only say it's a matter of luck.

Many friends are asking about the results of the Japanese bank's interest rate hike and want to see specific news.

Everyone can search in the CoinChain Express: click on news, then search, as shown in image one and image two.

This news is the most comprehensive, gathering all stock market and cryptocurrency news. The dynamically refreshed display shows only a part of it.

https://app.chainalert.me

The most valuable exchange in the group recently, everyone should view the market rationally:

The various narratives of cryptocurrency change completely after a few days of rising, so it's best to just observe the current narrative.

These are facts, but they have always existed; once the price rises for a few more days, everyone tends to ignore these situations.

Understanding these narratives is valuable: at the moment when the market narrative shifts, being sensitive enough to seize that moment can be rewarding.

Many idiots treat this narrative as a topic of conversation or as proof of their greatness, which is truly foolish.

Because you understand that the current narrative does not lead to profits; it's the future narratives that can make money.

However, predicting future narratives is difficult and uncertain. Only at the moment of the shift, if you are sharp enough to catch it, can you reap the rewards.

CPI data has been released, good news:

The US November CPI rose by 2.7% year-on-year, lower than expected

https://app.chainalert.me/articles/16b17f

See how long it will take for altcoins to go to zero.

As shown in Figure 1: Total market capitalization of cryptocurrencies: $2.94 trillion, stablecoins $300 billion (the statistics in the figure show $294 billion, the actual is $304 billion)

So the total market cap excluding stablecoins is:

29400 - 3000 = $26.4 trillion;

Data from the CoinChain News APP: https://app.chainalert.me

As shown in Figure 2, excluding Bitcoin and the top 20 coins:

Bitcoin circulating market cap: $1.74 trillion;
Ethereum circulating market cap: $344 billion;
BNB circulating market cap: $115.5 billion;
XRP circulating market cap: $113.3 billion;
SOL circulating market cap: $69.4 billion;
TRX circulating market cap: $26 billion;
DOGE circulating market cap: $19.1 billion;
ADA circulating market cap: $13 billion;
BCH circulating market cap: $10.7 billion;
LINK circulating market cap: $8.5 billion;
HYPE circulating market cap: $8.2 billion;
XMR circulating market cap: $8 billion;
XLM circulating market cap: $6.8 billion;
ZEC circulating market cap: $6.4 billion;
LTC circulating market cap: $5.8 billion;
LEO circulating market cap: $5.8 billion;

So excluding stablecoins, the total market cap of the top 20 coins is:
17400 + 3440 + 1155 + 1133 + 694 + 260 + 191 + 130 + 107 + 85 + 82 + 80 + 68 + 64 + 58 + 58 = $25.205 trillion

So the circulating market cap of the remaining coins is:

26400 - 25205 = $1195 billion

The above data can be seen here:

https://app.chainalert.me/market?label=%E5%B8%82%E5%80%BC

However, there are some coins in the 20-30 range, such as SUI, AVAX, and UNI that are still doing well; how much market cap does this part account for?

SUI circulating market cap: $5.2 billion;
AVAX circulating market cap: $5 billion;
HBAR circulating market cap: $4.6 billion;
SHIB circulating market cap: $4.4 billion;
MNT circulating market cap: $3.9 billion;
TON circulating market cap: $3.6 billion;
CRO circulating market cap: $3.5 billion;
WLFI circulating market cap: $3.4 billion;
UNI circulating market cap: $3.3 billion;

Excluding stablecoins + after the top 30:
26400 - 25574 = $826 billion

The final situation is:
Stablecoins: ≈ 10%
BTC + ETH: ≈ 71%
Top 30: ≈ 87%
All other altcoins: ≈ 2.8%

This is the lowest ever “altcoin residual value ratio.”

Even lower than:
2018 ICO liquidation period
2020 pandemic panic
2022 after FTX

Altcoins have reached zero.

Apart from the top 20 cryptocurrencies and stablecoins, the total market value of all other altcoins has only dropped to 100 billion USD.

Many projects have not been diluted yet, such as $IP , $M , CC, $NIGHT , and other new coins, with almost all chips in the hands of the project parties. Looking at it this way, the industry really feels empty now.

During such a cold time, the last time it felt this way was definitely during the period of 2019 and 2020. If it continues to deteriorate, it will be impossible to find a similar garbage time over the past 8 years, returning to the early stages of this industry.

The algorithm is as follows:

Remove 300 billion USD in stablecoins, then remove the market value of the top 20 coins, leaving the total market value of all cryptocurrencies at about 100 billion USD, which is less than the market value of BNB.

The current total market value is 284 billion USD, stablecoins are 300 billion USD, then subtract the market values of the top 20 coins (excluding stablecoins) to see if it is around 100 billion USD.