【Summary of yesterday 】
The GRT, which went online yesterday, saw an amazing increase. High-quality projects will still be recognized by everyone. We participated in the public offering activities and sold out at 6 times. According to the calculation of 0.03, it has been 10 times so far. Therefore, if you can participate in some high-quality primary market projects, just do it. After all, the money-making effect of the primary market is still relatively strong. The GRT is an on-chain search engine, which is equivalent to Google in the blockchain field. Yesterday we also discussed in the small group. The GRT can fully benchmark the market value of LINK. Whether in terms of circulating market value or total market value, there is still a lot of increasing room. After this round, people who haven’t yet entered can pay attention to this project, which is suitable for long-term holding.
With Bitcoin’s high-level adjustment, the opportunity for altcoins comes again. The algo and coti, which we were ambushing in the WAS circle a few days ago, performed well, and sol was slightly worse. If you don’t know what altcoins to buy, then I suggest you buy the sector leader directly. Because the consensus basis of the leader is better, and once the trend comes, the increase will be amazing.
Grayscale Trust increased its holdings of BTC by 1,789, LTC by 26,562, BCH by 222, and decreased ETH by 202, ETC by 1,010 yesterday. Recently, ETC seems to have been insisting. I said when Bitcoin was below 20,000, for institutions, below 20,000 is the price of cabbage. However, judging from the current strong buying, the price of cabbage has to be redefined. For institutions, the price of below 50,000 is the price of cabbage. Firstly, Bitcoin breaks through 20,000 is the real starting point. Secondly, everyone is more optimistic about the future trend of the market. Thirdly, regardless of the cost, institutions have the need to allocate funds. Whether it is hedging risks or investment targets, Bitcoin has entered the field of view of Wall Street.
TORN is an on-chain currency mixer. The economic model was announced yesterday. It can be mined today. Interested miners can pay attention to it. On-chain privacy is becoming more and more important, so TORN is a rigid demand.
Coinbase chose Goldman Sachs to lead the IPO and learned through various channels that its current valuation has reached 28 billion dollars. This is undoubtedly a relatively high valuation that has surpassed that of Facebook and other companies that year. As more and more crypto companies go public, the market will gradually mature and will be recognized by more people and institutions. At present, the market value of the entire crypto market is only more than 657 billion dollars, which is still very small, so there is huge room for the future. I hope everyone in the circle can enjoy this wave of bonuses. It doesn’t matter if you don’t know how to look at K-line or trade. It’s fine for foolish speculation. In the end, you will find that you can beat 90% of traders.
【Blockchain market analysis】
There is no sign of any decline. Breaking through the 20,000 mark is really just the beginning. If you can’t get into the car with Bitcoin, you can pay attention to the sub-mainstream. LTC has been closely following the trend of Bitcoin and is still relatively strong. At the 4-hour level, it fell back after reaching 23850 at 16:00 on December 17th. After more than a day of adjustment, it resumed its upward trend. It continues to move along the 5-day moving average and is expected to break the new high of 23850.
In summary: If you have not entered the mainstream, then pay attention to altcoins;
Reminder: Pay attention to the stop-loss, and reduce the probability of margin call; risk prevention is priority, then focus on yield.
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