Let’s start with XRP. It’s an old-school star coin, especially in the payment field, where it has some real capabilities. But it also faces two major issues:
First, there’s the regulatory storm in the U.S. While it has temporarily eased, legal restrictions are still significant, and the resistance to global adoption is very high.
Second, the total supply of XRP is large, and its market cap is already not small. Getting its price to increase a hundred times, turning it into a few hundred dollars per coin, would be nothing short of a fantasy.
Think about it, turning $1,000 into $1 million means a 1,000-fold increase! Even if XRP is currently $0.5 per coin, a 1,000-fold increase would make it $500 per coin. Do you know what kind of market cap that would require? Unless XRP manages to dominate the global payment market, the odds are lower than winning the lottery!

Now, let’s talk about Dogecoin. This one started as a joke and, thanks to Elon Musk’s massive promotion, became a favorite of millions. But here’s the problem—it doesn’t have any real substance, and it relies entirely on emotions and community hype.

At the same time, Ethereum is preparing for the Pectra upgrade, its first major network upgrade in 11 months. Scheduled for release in April 2025, testing will commence on February 26 on the Holesky testnet and move to the Sepolia testnet on March 5. This upgrade will primarily focus on optimizing wallet and validator functionalities.

The unpredictable market shift signals a change in momentum, and this sell-off suggests that the selling pressure might not end here. PEPE's future trajectory depends heavily on how these big players act next. Behind this massive loss lies not only the pain of the whale but also a potential warning for the market!

For high-risk assets like this, who will seize opportunities in the downturn, and who will be swept away by this “bloodbath”? Are you ready to ride the next wave, or will you wait and watch from the sidelines?

Stay calm amidst market volatility and stay ahead of the game. Follow Uncle Money to keep your edge!

Decisions regarding further movement should wait until after the daily close. Keep an eye on the EMA30 support at 96,900. The MACD volume reduction is starting to slow, and both DIF and DEA are near the 0 axis, but still above it. Combined with two consecutive K-line retracements to the lower Bollinger Band at 93,400, the current pullback is now testing the middle band at 99,600. Attention should now focus on the upper resistance level, which lies at 106,000.

If Powell mentions slowing down rate cuts next year, the market may react with a certain level of decline. So, it all depends on what Powell decides to say.

For now, the market's adjustments appear to be driven by risk-averse sentiment rather than a genuine bearish trend. The main trend is still bullish. After all, ETFs for BTC and ETH are still seeing consistent net inflows. As mentioned in Crab Boss’s article yesterday, many publicly listed companies and institutions are willing to drive up their own costs just to buy BTC. This demonstrates that, for them, $100,000 is only the starting point.