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The Bome project on Solana has made headlines with its hundredfold increase in a single day, achieving mythic status by being listed on Binance within just three days. Some experts suggest that, thanks to Meme, Solana's market capitalization could reach one trillion, solidifying Solana's position as the go-to blockchain for retail investors. However, my primary focus lies in how Meme Coins can contribute to wealth creation. Here are some thoughts: First, it's important to vet the contract of any Meme Coin to ensure it's not a one-way ticket to losses. Additionally, employing technical tools like Dexscreener can help pinpoint newly launched Meme Coins and track their performance. Websites such as DEXToolsApp offer real-time monitoring of tokens with significant trading volumes, facilitating optimal entry points. Several indicators can help determine whether a Meme Coin has peaked, including surpassing its market value in 24-hour trading volume, declining price highs, a notable slowdown in holder growth, whale sell-offs, and positive shifts in funding rates. A prudent strategy involves exiting positions early rather than fixating on selling at peak prices. A disciplined approach to selling is paramount in Meme Coin trading, given their often volatile nature. It's essential to recognize that while some Meme projects may thrive, many are fleeting in nature, like speculative gambling. Furthermore, Meme Coin surges typically signal the latter stages of a bullish market cycle. Historical patterns underscore this reality. Following the recent frenzy on Solana, the broader market has experienced a pullback of approximately 20%. Thus, it's wise to gauge market sentiment and recognize when a phase is nearing its end. Amidst sector rotations and Meme Coin booms, it's crucial to refrain from chasing high prices and instead opt to reduce exposure during peak periods. As market adjustments occur, it may be opportune to re-enter positions, particularly alongside institutional investors. Choosing Meme Coins with longer adjustment cycles can enhance portfolio resilience.

Market data shows that the cumulative assets under management (AUM) of the US spot Bitcoin ETF reached nearly $37 billion within the first 25 days of trading. According to data shared by Bitcoin Archive, the $37 billion AUM of Bitcoin spot ETFs accounts for 39.8% of the $93 billion AUM of gold ETFs and 28.5% of the combined AUM of both types of ETFs, which totals $130 billion. The rapid accumulation of assets in the spot Bitcoin ETF reflects growing confidence and adoption of Bitcoin as a legitimate investment option. Overall, it signifies a significant milestone in Bitcoin's journey towards wider acceptance and recognition as a store of value and investment asset.

In a recent interview, Cathie Wood, the Founder and CEO of ARK Investment Management, expressed her belief that a single Bitcoin could potentially be worth $1 million one day, albeit not in the near future. Drawing a parallel with gold, a multi-trillion-dollar asset, Wood sees Bitcoin benefiting significantly from its role as a decentralized, private alternative to traditional currencies. Wood's vision for Bitcoin's $1 million valuation extends beyond mere monetary value. She emphasizes the fundamental role Bitcoin plays as a decentralized and private substitute for traditional currencies. Moreover, in emerging markets, Bitcoin serves a crucial purpose by providing a hedge against the instability of individual and institutional currencies and fiscal policies. Many emerging markets view assets like Bitcoin as insurance against economic uncertainties. According to Wood, Bitcoin represents a new era in finance – the first globally recognized, digital, and decentralized monetary system. This breakthrough is particularly significant, especially when considering the closure of the U.S. gold window in 1971. Bitcoin's emergence challenges traditional notions of currency and finance, offering a borderless and secure alternative that transcends geographical and political boundaries. Wood's perspective aligns with the broader narrative of Bitcoin evolving into a store of value and a hedge against economic volatility. Whether Bitcoin can realize such a valuation depends on its continued adoption, regulatory developments, and its ability to navigate the complexities of the financial landscape. As the cryptocurrency space continues to evolve, investors and enthusiasts will be closely watching Bitcoin's journey and its impact on the future of finance.

According to BTC.com data, the transaction fees on the Bitcoin network yesterday (December 17th) amounted to 549.999 BTC, slightly lower compared to the fees on December 16th (560.36 BTC).

The past 30 days have witnessed a staggering surge in the total sales volume of NFTs, climbing by an impressive 65.42% to reach a substantial $620 million, as per data provided by CryptoSlam. Notably, the top three blockchain networks dominating NFT sales during this period are Ethereum, Bitcoin, and Solana. Surprisingly, all three blockchains have experienced significant sales growth: Ethereum soared by 44%, Bitcoin surged by an incredible 1,222%, and Solana witnessed a robust increase of 56%. This upward trajectory in NFT sales across these prominent blockchain networks reflects a broader trend in the burgeoning NFT market. Ethereum, with its established infrastructure and wide array of NFT projects and marketplaces, continues to maintain a stronghold in the NFT space. The consistent growth of Ethereum's NFT sales signifies its resilience and enduring appeal among creators and collectors. Looking ahead, the trend of increasing NFT sales is likely to continue its upward trajectory, albeit with potential fluctuations. As more blockchain networks enter the NFT arena and innovations continue to unfold, the market is poised for further expansion, possibly attracting a more diverse range of participants and pushing the boundaries of what NFTs can represent and achieve in the digital realm.

According to data from CryptoSlam, Bitcoin's on-chain NFT sales in October reached $16,468,621.69, showing an increase compared to August ($11,915,930.74) and September ($14,739,931.12). Additionally, there were 51,187 NFT transactions in October, involving 12,325 unique buyers and 12,276 unique sellers. The data indicates that the Bitcoin NFT market is experiencing an upward trend, both in terms of sales volume and active participants. However, when Musk recently discussed NFTs on a podcast, he mentioned, "The NFT is not even on the blockchain; it's just a URL to the JPEG. You should at least encode the JPEG in the blockchain. If the company housing the image goes out of business, you don't have the image anymore." So, how should we really perceive NFTs?

Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.

According to data from blockchain analytics firm Glassnode, the supply of Bitcoin on centralized exchanges has been in a declining trend since reaching a peak of 3.203 million BTC in March 2020. This week, the total balance of Bitcoin on exchanges dropped to a new five-year low of 2.256 million BTC. Notably, Binance holds around 691,200 BTC, Coinbase holds approximately 439,800 BTC, and Bitfinex holds around 320,700 BTC. It's important to note that these figures only account for funds directly associated with trading platforms and do not include specialized custodians or ETF-like investment tools (such as GBTC or Microstrategy).

PayPal has said in an email sent to some of its users that it will temporarily suspend its cryptocurrency purchase service in the UK for the next few months. The message states that the service will be suspended from October 1, 2023 and will resume in early 2024 (exact date unknown). Despite the inability to make purchases, PayPal said that users will be able to hold and sell their cryptocurrencies during the service outage. The company did not specify whether users will be able to transfer cryptocurrencies to other wallets and exchanges, although it appears that this feature is currently only available to users in the United States. The company assured users that their cryptocurrencies remain safe and said there will be no fees for holding the cryptocurrency.

The traditional 9-to-5 workday no longer suits the needs of many global workers. Lengthy commutes and exhaustion upon returning home have created a vicious cycle. However, a new freelancing model is gaining popularity, fueled by collaborative technology and the rise of digital nomadism. Moving away from the 9-to-5 culture has its advantages, offering more equitable opportunities and the chance to pursue fulfilling projects. Yet, there are obstacles to overcome, particularly with traditional freelancing platforms acting as intermediaries, prioritizing profit over the promised financial freedom and career autonomy for freelancers. Web3 technology is revolutionizing freelancing by providing decentralized payment options and self-executing contracts, giving freelancers greater financial independence and control. Unlike conventional platforms with high fees, Web3 platforms use cryptocurrencies for direct and trustless transactions, reducing costs and ensuring fair payment. Leading this transformation is HYVE, a decentralized autonomous task marketplace. HYVE offers transparency, efficiency, and fairness to freelancers and clients through features like decentralized dispute resolution, integration with multiple blockchains, and minimal fees. Their recent version 2.5 update simplifies onboarding with third-party social media logins and enhances collaboration with direct chats, profile verification, and POAPs. With a focus on fairness, trust, and community-driven governance, HYVE strives to build an equitable and rewarding ecosystem for freelancers and clients worldwide, bringing financial freedom within reach for freelancers across the globe.

In a bull market, consider short-term trading and controlled capital. For smaller funds: 1. Allocate 60% to 2-3 emerging projects with solid fundamentals. 2. Set aside 15%-20% for meme coins with high speculative potential. 3. Keep 20% as reserve for upcoming trends and narrative-driven projects. Diversify strategically, cash out gradually, and seize opportunities for substantial profits! 🌟📈