(Monday) Bitcoin EXPLODING. Ethereum EXPLODING. Fireworks time?

Boxmining avatar Boxmining
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Description

Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analy...

AI Analysis

This video dives into the exhilarating recent crypto market surge, with Bitcoin and Ethereum hitting new highs right after the holidays. It’s a full recap of the market action, looking at what's driving the explosion and comparing it to past bull runs, all while exploring the next big trends like DeFi, NFTs, and the rise of decentralized autonomous organizations.

Here’s a breakdown of what’s happening in the market:

* Bitcoin's Relentless Rally: Bitcoin has been on an absolutely ridiculous run, breaking new barriers every single day right after Christmas. It smashed past $24,000, then $25,000, $26,000, and even $28,000 in a non-stop push. This daily record-breaking pace has been incredibly exciting, constantly triggering notifications on every crypto app. At the moment, $28,000 seems to be a strong resistance level that’s proving a bit hard to breach.

* Ethereum Playing Catch-Up: Ethereum finally joined the party, moving a bit slower than Bitcoin initially, but then waking up and rocketing past $700. This is a huge move, especially considering that just a "season ago" (which feels like three months but was only a week or so), the market was down, and Ethereum had dipped below $600 following the Ledger hack. Now, it's a completely different atmosphere, leaving "haters" in the dust. The presenter wonders if Bitcoin critics like Peter Schiff are still clinging to the idea that Bitcoin will go to zero.

* Anticipating Altcoin Season: While Bitcoin and Ethereum have been exploding, the overall top 100 altcoins haven't shown asymmetrical movements yet—meaning not everything is blowing up at once. The anticipation is high for the "altcoin season" to begin. The pattern often seen is that institutional money flows into Bitcoin first. Once Bitcoin holders are well off, they start divesting some of their profits into altcoins, which are easier to move due to their lower market caps. This is humorously referred to as "everyone hitting the casinos after Bitcoin rallies."

* Comparing to the 2017 Bull Run: The current holiday excitement for crypto was somewhat expected, similar to the post-Thanksgiving surge. The narrative is that people discuss cryptocurrencies with their families during holidays, making them more receptive to buying after returning to work. The market saw a similar trend in 2017, where there was a spike after Christmas. However, the current level of public excitement and FOMO (Fear Of Missing Out) isn't nearly as high as in 2017. Google Trends data shows current interest is only about a quarter of what it was at the peak of 2017, suggesting there's still a lot of room for retail adoption and further growth. This indicates that despite the huge gains, we are still "super early."

* The Bitcoin Halving Prophecy: The current market explosion aligns perfectly with the historical pattern observed after Bitcoin halvings. The last halving was on May 11, 2020, which was about half a year ago. Typically, miners stockpile Bitcoin after a halving due to reduced block rewards (less new Bitcoin being minted), which eventually depletes as institutional investors buy OTC. This supply shock leads to a price explosion roughly six months to a year after the halving, which is precisely what’s happening now.

* Personal Reflections on the Journey: The presenter expresses deep gratitude for surviving the crypto bear market from 2018-2019 and early 2020 when there was little interest. He reflects on moments of self-doubt but emphasizes that believing in oneself and the asset, even when it’s crashing, pays off massively. Dollar-cost averaging (buying regularly, regardless of price fluctuations) was a key strategy. He also highlights the concept of "survivor bias," noting that influencers often only talk about their successes, making it seem like everyone is winning, but people who lose money often become silent, creating a skewed perception. Being okay with losses is crucial in an innovative space.

* Spotlight on Hot Altcoin Projects & Trends:
* Exceed: A recent investment for the presenter, expected to launch on PolkaStarter soon.
* TrustSwap: Praised for its strong community and successful launchpad. Users can stake TrustSwap tokens to participate in public token offerings for promising new projects. The presenter is a big fan of TrustSwap's model.
* The Graph (GRT): This project "blew the hell up" after launch, demonstrating the potential of altcoins. It reached nearly a billion-dollar market cap. The Graph provides crucial data and information for developers interacting with blockchains, making it highly valuable in the current market. Any project related to data is considered "super hot."
* Algorithmic Stablecoins (DSD, ESD, Base Protocol): These are described as the "biggest money printer of 2020." Projects like DSD saw incredible gains (e.g., 242x from $1 million to $242 million market cap). These stablecoins use "rebasing" to adjust their total supply based on price. While price might fluctuate, the market cap grows. The presenter notes the confusion for many who focus only on price, leading them to "buy the dip" when the price drops, not realizing the market cap is still growing. The mechanics are evolving, offering extreme volatility but also massive opportunities.
* Decentralized Autonomous Organizations (DAOs) - DuckDAO: This is highlighted as a major trend, with DAOs replacing traditional venture capital. DuckDAO operates as a community that invests in and incubates new projects. Their strength comes from their large, engaged community, proving that "one VC or a thousand ducks" is a powerful model. The Duck token (DDIM) and Duck Farm are central to this, offering farming opportunities with a unique deflationary mechanism where half of staked tokens are permanently locked, discouraging "farm and dump" behavior and rewarding long-term believers. The Duck token's power is in its role in providing liquidity for new projects.

* OneInch Airdrop (Christmas Present): If you used the 1inch exchange aggregator before Christmas, you could claim free 1inch tokens. The presenter received some, though not as much as he'd hoped, but emphasizes that free tokens are always a good "Christmas present," especially since 1inch is now listed on Binance.

* Passive Income Opportunities:
* Ethereum 2.0 Staking: Running an ETH 2.0 validator node allows earning passive income, currently around 14% annual percentage reward (APR). The presenter's node is performing perfectly, earning ETH every "epic" (the equivalent of a block on ETH 2.0). The main caveat is that staked funds are locked until transfers are enabled on ETH 2.0 (which could be a year or more away).
* Wing Finance Yield Farming: This platform offers various yield farming opportunities. While rewards can shift, there are still high APYs available, like 42% for SUSD.
* SwissBorg: A user-friendly platform, especially popular in Europe, where you can easily buy and trade crypto with low fees. Their yield wallet offers competitive returns, currently around 16.7% for premium users. The presenter emphasizes his personal holding and belief in SwissBorg due to its strong performance and quality, not as a paid promotion.
* Badger Finance: Another yield farming opportunity focused on Wrapped Bitcoin (renBTC), currently yielding around 20-30%. It's also exploring algorithmic coin concepts.

* Future Outlook & Caution: The presenter feels the market is entering a "turbulent" phase with a lot of volatility ahead. This can be a good thing for opportunities, but it also means it's "hustle time," requiring long workdays to capitalize on the market. He reminds viewers to be cautious and responsible, as this is not investment advice. The overall sentiment is incredibly optimistic, tempered with the survivor's knowledge that bear markets can be painful, but perseverance and dollar-cost averaging ultimately pay off.

Transcript

having a delay here but so it's always been so strange um this whole stuff before everything starts but anyways let's click this to go live we are going live guys so welcome back to another episode of box mining live stream here it's monday it's the 28th so i hope you guys had an amazing holiday weekend i for sure just took a few days off and just just sat back and watch bitcoin fly i mean come on guys that was a ridiculous run the past few days have been extremely exciting i think every single...