Weekly Rundown - December 8, 2024

Years have passed, but your price is exactly the same

After 8 years, XRP returned to its previous all-time high. Is it time to quit our jobs and buy Lambos yet?

Not until after you read or watch the December 4, 2024 update, where I dove into key “top” metrics, what they say, and why you should or shouldn’t listen.

In that update, I also reviewed five more top altcoins—HBAR, LTC, PEPE, NEAR, UNI—and shared a crazy similarity with 2021 on my altcoin dominance chart. There’s a hidden challenge in the market today, something nobody’s talking about.

Other analysts debate price and timing. We take the market as it comes and plan accordingly. You can make up for bad timing. Complacency kills.

Scroll down for a poll and some content you may enjoy.

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Bottom line: Since the US election, South Koreans have traded more crypto than stocks. Regulators worry approving more crypto products will encourage further outflows from the stock market.

My take: English-language content creators focus on the US, which makes sense because it’s the largest financial market and Wall Street holds 25% of the world’s wealth. Let's not forget the power of millions of people in small countries all putting some money into the market at the same time. This boosts the overall market and pushes non-US leaders to reconsider their crypto policies, a matter as important as anything US regulators do.

Why you should care: We don’t want to get so caught up in the US macro or political situation that we forget the global nature of the crypto market.

Poll

What's the lowest price Bitcoin will ever reach after today?

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Let’s not forget the new US regulatory stance on crypto, technological advancements, and knock-on effects of US central bank policy.

Read Paul Osadchuk’s summary of the potential highlights in his Hacker Noon article, December is Packed With Events That Could Define Crypto's 2025.

Relax and enjoy the ride!

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