Official Account: Cream Girl
On Tuesday (January 7), Bitcoin surged to $102,000, with bulls entering the market ahead of Donald Trump’s inauguration as the President of the United States. Wall Street giant MicroStrategy made a significant purchase of 1,070 Bitcoins, and its founder, Michael Saylor, expressed his willingness to serve as an advisor to the new government.
MicroStrategy Purchases 1,070 Bitcoins; Saylor Willing to Serve as Trump’s Advisor
According to a report from CryptoSlate, MicroStrategy disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Sunday that it acquired 1,070 Bitcoins for $101 million. This marks the company’s ninth consecutive week of significant purchases, bringing its total Bitcoin holdings to 447,470 Bitcoins as of December 31, 2024.
The company also noted that its Bitcoin strategy heavily relies on debt financing. As of December 31, 2024, the company’s debt stood at $7.274 billion, with annual interest expenses amounting to $35.1 million.
After Trump’s inauguration this month, he will immediately push for the passage of the U.S. Bitcoin Strategic Reserve Act, with the earliest purchases of 500,000 Bitcoins expected to commence in mid-April. Additionally, it is widely known that the Ethereum Prague upgrade will also occur in April, making Cream Girl more optimistic than ever about the upcoming trends in the cryptocurrency market.
SOL has already broken through and is expected to experience a second wave of increases. From the price charts, SOL has significantly surpassed its previous downward trend line, theoretically indicating substantial price growth. Looking back at the same period last year, SOL began its correction in December, then broke resistance in January, resulting in an overall increase of 2.5 times over the following two months. Based on the current price trends, this could mean a potential rise to over $400. Similar to the downward trend seen last year, SOL is likely to experience significant growth after breaking the downward trend line, with at least a return to previous highs; under the current circumstances, it is expected to reach around $260.
Therefore, regardless of trends, SOL is set to experience a notable upward trajectory. Cream Girl believes that the likelihood of reaching over $400 is greater! As previously mentioned, there will be favorable news regarding Bitcoin reserves and the Ethereum upgrade in April, and there is even the potential for a SOL ETF, all of which are very positive factors.
On-chain data indicates that Solana’s trading volume surged by 42% in the past week, significantly outpacing other public chains, which may be related to the recent boom in the AI sector. Regardless, Solana’s trading volume is currently among the highest across the entire network, making it one of the largest public chains by trading volume. Notably, a considerable portion of this trading is driven by robots engaging in quantitative arbitrage, meaning that the actual effective trading volume remains comparatively low when compared to Ethereum. Solana’s total locked value (TVL) stands at $3 billion, which is still a gap compared to Ethereum’s $12.7 billion, but it firmly holds the second position among all public chains. Overall, I believe the future development of Solana is worth looking forward to.
Meanwhile, Sui has also performed remarkably well, with its price repeatedly breaking historical highs, and its on-chain data is equally impressive, currently ranking fourth in the entire network for TVL and trading volume. However, it is worth noting that Sui’s total market capitalization has reached $50 billion, nearly half of Solana and BNB’s market caps, yet its TVL and trading volume are significantly lower than half of those two public chains. Therefore, from a data analysis perspective, Sui’s price appears to be somewhat overvalued.
When discussing Sui’s price, one must mention its initial public offering price. Sui’s initial public offering price was only $0.1, and after the token was issued, it directly surged over tenfold. If one had held since then, the returns would exceed 50 times. For those on the foundation’s whitelist, the entry price was even lower, at just $0.03, which has now increased 180 times. Thus, for institutional tokens, it is best to participate in the whitelist presale or enter early through the foundation before the listing, making it relatively easier to achieve returns of twenty or thirty times.
Marvin
Vitalik sold off the Meme project on Ethereum—Marvin, a Musk concept token, can be checked out. Marvin
Vitalik sold 4.6 billion Marvin tokens worth $70,000 on Ethereum, and currently, his address still holds 5 billion Marvin tokens. Having missed out on Shiba Inu and Neiro, will he also miss the strongest community-promoted Marvin? The rise of Shiba Inu and Neiro began when Vitalik sold off…
