Every day is wild in crypto but lately things have been heating up which always makes it a lot more fun honestly. It feels good making money or well building crypto wealth what can I say!
We all knew BTC (Bitcoin) was going to rip and roar if Trump was elected and as the numbers came in and felt more and more like a Trump victory we started to see BTC pop off but then even retract when CA and a few other states went to Harris. But a hour or so after that we then saw that Trump was going to be the clear winner and since then Bitcoin has been on a tear. Now ripping upwards of $77,000 blowing past pervious ATH but with something strange but wonderful also happening.
Not only are we seeing BTC move higher but we are also seeing a vast majority of Altcoins fly higher as well. Tokens like Solana now around $200, ETH (Etherem) hitting near $3,000 and many meme coins like Dogecoin hitting all new highs it's been a wild road for sure and might be a small glimpse as to what 2025 brings us.
The markets want to move that's for sure clear but there's still a good around two months before Trump actully gets into office and a lot can still happen in those two months.
It begs the question now if BTC and alts will stall out and sell off again before Trump is placed into power and it's a possible for sure but a part of me feels like it's unlikely to be anything major.
The biggest interesting factor to me however is we are actully not seeing all altcoins take off this time. There's now more blockchains and layer two tokens then ever before and it's grown by leaps and bounds over the last fiver years since the last bull run. It honestly seems like if you don't have a solid blockchain that's making advancements and building things people want to use you're going to be left in the dust.
I would even go so far as saying Hive is starting to fall into this category. With other alts taking off Hive is once again just struggling to get back to $0.20 showing massive downward pressure on the token even while everything else is ramping up. We also have seen major platforms like 3speak a so called decentralized video solution go offline for now three weeks. It's hard to see people wanting and demanding the hive token at the moment until we get some serious development or once again have a game like Splinterlands take off again for hive I think it's going to struggle to be honest it's been a great under performer since the last bull run with some rather questionable things happening on the top levels.
That being said there are still plenty of other options now so it's going to be tracking and blockchains are going to start fighting for your time and your resources as we move forward. This bull run is going to have a much different feel to it I think there will be winners and there will be losers there wont just be winners across the board this time.
Posted Using InLeo Alpha
