Ⅰ.Unipcs: $BONK approaches historical high again, with plenty of future highlights
Unipcs believes that $BONK is about to break through its historical high again and summarizes the token's impressive performance and potential opportunities.
Current performance:
Outstanding trading volume: $BONK's trading volume on Coinbase exceeds $SOL, and even exceeds the sum of $PEPE, $SHIB, and $WIF.
The #LetsBONK campaign is expected to burn 1 trillion $BONK tokens, currently worth about $55 million, before Christmas.
Future potential:
Robinhood IPO expectations: $BONK is expected to be listed on Robinhood US soon.
Institutional adoption expectations: $BONK's ETP (exchange-traded product) is paving the way for potential institutional adoption, and market rumors point to a positive trend.
Unipcs stated that $BONK has shown clear fundamental advantages and seems to have been selected by US retail investors as the mainstream Meme coin for this cycle. He believes that the future development of $BONK will be very promising.
II. Bluntz: $PEPE may have bottomed out, with a target of reaching a new historical high
Bluntz pointed out in analyzing the market trend of $PEPE that he has been focusing on the re-sweep of its low point for the past four days, and this goal has now been achieved.
Key analysis:
Price pullback: $PEPE fell 28% from its high, forming a clean ABC waveform, with wave B showing a triangle pattern.
Low Point Re-sweep: The market has re-swept the previous low point and is currently trying to regain stability.
Aftermarket judgment: Bluntz believes that the current may be the lowest point of $PEPE and predicts that it will move towards a historical high from here.
Ⅲ.Benjamin Cowen: ALT/BTC valuation returns to the peak level of 2020, is history repeating itself?
Benjamin Cowen pointed out that November 24, 2020 marked the local high of the #ALT/#BTC trading pair, and then #BTC sucked up a lot of liquidity in the next 5 weeks, causing the #ALT/#BTC trading pair to plummet.
Key analysis:
The current valuation of the #ALT/#BTC trading pair is comparable to the level in November 2020, which is just before the #ALT/#BTC trading pair finally fell sharply.
Cowen hinted that history may repeat itself, and it is worth investors' close attention to future market trends.
IV. 0xWizard: How to correctly understand the value of AI Meme coins?
0xWizard discussed the value logic of AI Meme Coin in his tweet and distinguished the core differences between project coins and community coins. He emphasized that the true value of AI Meme Coin comes from the cohesion of ideas, rather than functional showmanship. The following are the main points:
Regarding the positioning of AI Meme coin:
If your AI Meme coin is a token strongly bound to the project, then you need to clarify what exactly you hold.
Project Coin: The project party needs to endow the token with sufficient functionality or value to maintain its appreciation potential, but this is not a true AI Meme Coin.
Community Coin: Community Coin should get rid of the influence of project parties and form cohesion through ideas in order to have a sustainable future.
If these questions cannot be answered, the positioning of the currency will continue to be confused and cause trouble.
Regarding the issue of Sentiment AI Meme:
0xWizard proposed that he holds a reserved attitude towards Meme coins that rely on "functionality" rather than "concept" to unite the community. He specifically analyzed the following two points.
1. Functional issue: If the value of the token comes from the function of an AI Agent, the value of the coin will be diluted or even disappear when more and better AI Agents appear.
2. Team dependency issue: If the token depends on the project team, once the team stops operating and the AI agent is no longer active, the value of the coin may go to zero.
A true AI Meme coin should be like $GOAT and $ACT, forming community cohesion around the concept.
GOAT: Tot community based on Goatse religious philosophy.
ACT: Promoting the future of AI, advocating the community concept of free and equal coexistence between humans and AI agents.
Views on Sentiment Meme:
0xWizard believes that "Sentiment Meme" is just a more interesting way to obtain traffic, not the core value of AI Meme coin. He proposes that value thinking should go deep into the origin, find a solid foundation for the concept, rather than superficial functionality.
Conclusion:
0xWizard stated that he holds many tokens related to AI Agents, but only believes that two coins have solid value.
1. $GOAT: A community token based on AI religious concepts.
2. $ACT: A community token formed around promoting the future of AI.
Other functional tokens will gradually lose their value due to the dilution of new entrants. If the core value of the token depends on a project party, it is not a true community coin. Only by clarifying the positioning and game rules of the token can we truly understand the opportunities in the AI Meme track.
Ⅴ.Eric: Analysis of the recent trend of Bitcoin, strength does not equal profit effect
Eric analyzed the recent trend of Bitcoin and pointed out that although Bitcoin #Bitcoin has been stable recently, it has always stood firm at the EMA20 moving average and has not broken through multiple tests, showing the firmness of the support line between strength and weakness.
Key analysis:
Trend characteristics: Bitcoin's current strong performance has not translated into significant money-making effects. The market in the past week has been more sideways, with only small opportunities for short-term gains.
Investment advice: In the current volatile rhythm, rushing to enter the market (especially decisions based on a single candle) may lead to repeated losses, not only making it difficult to profit, but also consuming the profits accumulated from the previous upward trend.
VI. Hitesh.eth: Analyzing the Performance of Altcoins with "Speculative Premium"
Hitesh.eth emphasizes that retail investors usually pursue coins with high speculative premiums, while Meme coins have attracted much attention due to their higher premiums, greater upside potential, and attractiveness. He proposes a method for evaluating Altcoins through "speculative premium" (SP):
Key points:
Why is speculative premium important?
Speculative premiums can reflect the performance potential of tokens in the market and are an important indicator for measuring the future growth opportunities of Altcoins.
How to calculate the speculative premium?
Speculative Premium (YTD) = Altcoin Performance/BTC Performance
Compare Altcoins based on the performance of BTC YTD (117.5%).
Top 10 Altcoins with the Highest Speculative Premium in 2024:
(For details, please refer to the attached picture in the original text)
It is worth noting that 40% of these projects come from the DeFi sector, indicating the strong performance of the DeFi sector in speculative premiums.
Special reminder:
Pay attention to DeFi projects: The DeFi sector occupies an important position in the speculative premium ranking and deserves special attention from investors.
Self-research is important: Hitesh.eth emphasizes that this ranking is for reference only, and investors should independently study the token economics, market sentiment, technical analysis, fundamentals, and growth catalysts of tokens. He explicitly stated that no further updates will be provided.
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