ETH2.0 confirms the start time, and mainstream currencies are crazy

The mainstream currencies have gone crazy in the past two days. The major mainstream currencies have risen wildly, some of which are still traceable, while others are rising purely for the sake of rising. For example, XRP has risen by 60% within 24 hours as of the publication. %, while some other less mainstream currencies XLM and ZEN have also reached a 60% or even 70% increase.

For these currencies, those who already have positions can continue to look forward to it, but if they want to chase higher now, if there is no callback, they will not dare to enter the market knowing that they will continue to rise. The overall risk may far outweigh the benefits.

The real good news appeared on ETH. According to OKLink data, as of now, the balance of the Ethereum 2.0 deposit contract address has reached 524,288 ETH, which has reached the minimum requirements for starting the Ethereum 2.0 founding block. That is, if the Ethereum 2.0 deposit address has reached the pledge target amount today (activated 7 days in advance), then the Ethereum trial block will be dug out on the scheduled December 1st.

In fact, a week ago, the Ethereum 2.0 deposit contract had just exceeded 100,000 ETH. Since then, some developers and teams of Ethereum have said that according to the current speed, the threshold for activation can only be reached in late January.

However, after the deposit exceeded 150,000 ETH, it began to accelerate crazily, adding 250,000 ETH in two days, until today it officially reached the threshold for start-up, and ETH2.0 is finally scheduled to be launched on December 1.

This is roughly an important reason why ETH rose by 8% yesterday, and the market generally has a premonition in this regard, so it is also pushing the price of the currency to rise.

On the other hand, Grayscale is also pushing up the currency price, but this time it is not BTC, but ETH. Grayscale bought BTC, ETH, and LTC yesterday, and the increase in ETH was close to 30,000, which was a long-lost large increase, exceeding 1% of the original position ratio.

For LTC, there are also more than 1,000 additional positions, and the increased position of Grayscale not only plays a direct role in buying and promoting the rise of digital currencies, but more importantly, it acts as a "weather vane" for the market.

In fact, it can be imagined in this way, when market investors see that Grayscale’s purchase of Bitcoin has slowed down, while the purchase of other currencies has become stronger, will they gradually pay attention to other currencies that have not yet risen or have a relatively large upside potential? For example, if a large amount of ETH is purchased now, will Grayscale focus on the purchase of ETH in the future?

In the same way, like LTC is still some distance away from the historical high, but Grayscale has expressed its favor before, so whether it will improve the strategic position of LTC in the future, these are the places that the market will think about, and it is also something that ordinary investors can think about logic.

If you want to follow these institutions, you must consider it with an investment mentality, not the kind of speculation that doubles overnight. Although the speed of making money is relatively slow, the probability of making money will greatly increase.

But this week, we need to pay attention to it. The current rise and fall of Bitcoin are supported by grayscale buying. When the time comes to Monday, the rampant short selling on the weekend will temporarily retreat. , Grayscale will start buying coins.

And this Thursday and Friday Thanksgiving Day, the U.S. market will be closed early, and Grayscale will also stop buying coins. At that time, it will be a great benefit for short sellers. The 4-day stop of buying coins is enough for short sellers to stir up trouble.

Going back to the market, all major currencies were rising last night, while Bitcoin was in a volatile structure. The big reason was that several factors that supported the rise of Bitcoin were vented yesterday. In terms of external influences, although the U.S. stock market rose, But in fact, it is similar to shocks, and the trend of gold is relatively weak. Secondly, Grayscale bought Bitcoin yesterday. Although the amount of 1000+ also covers the current daily output of Bitcoin, it is obviously not enough to satisfy the previous market that ranged from 7-8 thousand to tens of thousands, so yesterday The rising effect is general.

Since the early morning of this morning, the market has been in a sideways state as a whole, until it suddenly jumped in the afternoon, and reached around 18,000 at the lowest point, but then quickly rebounded back to around 18,400 US dollars. It can be seen that there is no trend in this wave of diving. Change, on the contrary, has a deliberate nature.

Even in a bull market, it is difficult for the market to continue to rise. The previous highest was close to 19,000 US dollars, but it is currently fluctuating around 18,500. Even if it pulls back, it is very rare to be able to maintain this position. Being able to maintain a high level is itself a kind of strong.

At present, it is recommended to pay attention to the operation of the triangle interval. According to this rhythm, the market fluctuations will become smaller and smaller, and then choose the direction. Pay special attention to the market during the period when Grayscale stops buying coins after Wednesday this week.

In addition, even if the decline is relatively severe, there is no need to be too fearful. The bull market is not so easy to turn back, so it is always right to follow the small decline, small buy, big drop and big buy, and the operation strategy is as we said, enter the market in batches and divide Batch shipments can minimize risks and keep profits.

ETH: It rose more than 8% in a single day yesterday. ETH is now joining the carnival of mainstream currencies. After breaking through $500 not long ago, it broke through $600 again yesterday. The buying support of the upper grayscale has a relatively large space from the historical high. From the normal situation, it is a very high-quality currency. This is also an important reason why we recommend long-term holding from the price of about 200 yuan.

LTC: It directly broke through $90 yesterday, and the next target is the $100 mark. However, LTC is a currency that is fierce when it rises and pulls back. It is necessary to choose a good time to intervene.

BCH: It rose by 11% yesterday, and continued to rise by more than 6% within a day. The rise of BCH has always been regarded as not easy. After the fork some time ago, it was continuously belittled by the market. , It is not recommended to chase high.

BSV: At present, it is only following the rise, especially when BCH rises sharply, it will follow directly. In the short term, focus on whether it can stand firm at $200.

EOS: The rise in the past two days is also relatively strong, but EOS has always been disappointing in terms of disappointing people. When the rise of mainstream currencies is hindered in the later stage, it will be discouraged for the first time. Don't have too much illusion.

Platform currency: Before yesterday, it was only OKB that had risen sharply recently, but today BNB and HT have been driven up. The reason for the current rise is similar to that of mainstream currencies. It is to set off the current market environment. You can pay attention to it when OKB pulls back. Currently The platform is engaged in activities, and there will be a possibility of stimulating the rise in the later period.

DOT: As the market rises, whether it can rise in the later period depends on the trend of other mainstream currencies. However, DOT recommends that it will intervene if it pulls back. The overall trend is relatively flat, mainly due to the volatile market in a relatively small range.

Compared with the current rising income, the most important thing to pay attention to is the risk. The market has risen so fiercely in the past two days that many investors have chased it. That wave of pullbacks resulted in severe liquidation, and it can also be seen that the number of people chasing up XRP was the most, and the amount of liquidation in a short period of time exceeded that of Bitcoin. During the period of market frenzy, it is necessary to calm down before deciding whether it is frequent, otherwise all you are waiting for is a loss .