In a crazy turn of events thousands institutional investors and every day mom and pop, 401k's, and retail investors if you own any MicroStrategy then you own some bitcoin. But in the big turn of events if you own a ETF for the NASDAQ you now own some MicroStrategy and some bitcoin because MicroStrategy was just added to the NASDAQ 100ETF.
I'm not sure how many people actully invest into the NASDAQ though to be honest. I've seen and heart plenty about the DOW and S&P500 bur rarely do you hear about the NASDAQ. But that's just me what about you?
The Christmas Spectacular
Many people are expecting a major rally to take place for bitcoin come the next month after Christmas hits here tomorrow. This is often what we have seen happen in the past in terms of a halving and then Christmas to the time table when there was a rally.
Now it's also important to not here that the halving event is slipping further and further back from Christmas so if we start to compared the charts it looks like honestly we are already 1/2 way to 3/4 of the way into the uptrend of the token. This again puts me around that $114,000 price point (average) I see for the asset this bull run. Sure it might go to $125,000 per bitcoin but I don't feel like it will hold there for very long and instead we would see a rough average over a few months at the peak of the bull run to be around that $114,000 target. That's my speculative call.
Which means I gotta say one of these things now lol
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.
Other Breakout Tokens
We have seen some breakouts already but I suspect other tokens to follow and see even larger gains then what we are currently seeing.
For example Hive is crazy far off of where it should be in this bull market. Now while I contribute some of that to a record high inflation for HBD which is inflating the Hive token and over spending of the DHF as of late we should still be $0.50 or higher and holding there if we are in a true bull run with alt coins backing it. We simply aren't there just yet.
Another token that is looking rather promising during this bull run is Solana. Solana reminds me a lot of Ethereum in the early days. The moment where there were a bunch of layer two tokens and projects popping up all over the place. One big issue however with these applications was the low transaction scale and high fees. Solana however should be able to handle both of these decently well opening it up to a possible bull push that just keeps going longer as there are less hurtles to jump over. Also it's now easier than ever for people to build and launch tokens and projects on these networks.
Overall even though we have seen a rather large dip in the markets there are still some winners out there. There's legit so many blockchains, meme coins, defi projects that simply just building one will no longer result in success. Now the successful projects have a deeper meaning behind them.
What tokens are you liking as we roll into 2025?
Posted Using InLeo Alpha