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FameEX Biweekly: Charging Ahead in the Bull Market (November 2024, Issue 1)
2024-11-18 18:28:30
Overview:
Catch up the highlights from Nov 1 to Nov 15, 2024. During this period, the crypto market surged into a super bull run, driven by the positive momentum from the U.S. presidential election. To further ignite market enthusiasm, FameEX launched and prepared multiple categories of airdrops and promotional activities. Additionally, the platform has been deeply refining several key functional modules, which are expected to be fully updated in the near future. Seizing every bull market, FameEX is committed to making steady progress step by step!
Crypto News
QCP Capital Forecasts Strong Bullish Momentum for BTC Leading into 2025
QCP Capital highlights that Bitcoin (BTC), since its 2009 inception, has surged to new highs in each of the three past U.S. election cycles without returning to pre-election levels. While Trump’s policies might lower rate-cut expectations, markets anticipate a 1.8x rate cut this year and three more next year.
BTC Price Eyeing $1M in Trump’s Second Term
Bitcoin soared by over 1,900% during Donald Trump’s first term as U.S. president from November 2016 to November 2020, despite his critical stance on cryptocurrency. In a well-known 2019 tweet, he labeled BTC as highly volatile and claimed its value was based on thin air. However, Trump’s second term as president appears set to be more favorable for the cryptocurrency industry, with his pledge to make the U.S. a Bitcoin superpower and to implement deregulation to foster the crypto sector. Trump’s election win, announced on Nov. 6, has already pushed Bitcoin to a new record high of around $76,400, with top analysts predicting BTC will cross $100,000 in the coming months.
U.S. SEC and Senate Banking Committee Likely to Adopt Crypto-Friendly Stance After Trump Takes Office
Bernstein predicts that under Trump's administration, the U.S. SEC and Senate Banking Committee will adopt a more crypto-friendly stance, potentially leading to a re-evaluation of crypto assets, especially given the uncertainty around their classification as securities. Additionally, stablecoin and market structure bills may see accelerated progress.
Standard Chartered Forecasts Republican Policies Could Propel Crypto Market to $10 Trillion
With Trump’s victory and Republicans controlling the Senate, the total crypto market value surged to $2.84 trillion. Standard Chartered forecasts that Republican policies could drive the market to $10 trillion by 2026, highlighting potential growth under a Republican-led government.
Standard Chartered Bank Experts Forecast Bitcoin Surge Under Trump’s Presidency
Geoff Kendrick, Standard Chartered Bank’s global head of digital asset research, predicts that Trump’s commitment to cryptocurrency will boost Bitcoin’s value. Kendrick anticipates that after taking office on January 20, Trump will actively promote Bitcoin, accelerating institutional adoption and pushing the asset’s growth in the crypto market.
FameEX Hot Topics | Analysts Urge Investors to 'Buy Everything You Can'
Bernstein analysts are predicting a strong crypto bull market, driven by President-elect Donald Trump’s pro-bitcoin policies. In a recent report, the research and brokerage firm, led by Gautam Chhugani, advised clients to seize the opportunity to invest in cryptocurrencies, with a particularly bullish outlook for Bitcoin.
Former SEC Chairman Clayton Predicts U.S. Congress May Pass Cryptocurrency Regulation After Trump Takes Office
On November 14, former SEC Chairman Clayton suggested that the U.S. Congress may pass cryptocurrency regulation legislation after Trump takes office. He also advocated for easing regulatory burdens to encourage public offerings, signaling potential policy changes the industry has long anticipated and is hoping to influence through the upcoming presidential election.
FameEX News
Platform Events
1. FameEX & SPACE ID Collab Airdrop. FameEX and SPACE ID hosted a special airdrop event together from Nov 2, 2024 to Nov 14, 2024! Complete the tasks for a chance to share 10,000 USDT, 10 .bnb domain gift cards, and 10 .arb domain gift cards. Please view the event announcement for details.
2. FameEX Welcome Bonus. FameEX launched the “Sign up to Enjoy 0 Fees on Futures Trading for 30 Days” event from Nov 6, 2024 to Dec 05, 2024. New users who sign up for a FameEX account can get 30 days of 0 fees on futures trading, with a rebate of up to 500 USDT. Please view the event announcement for more details.
3. New Listing Airdrop. FameEX kicked off the “FameEX New Listing for KRD and PTH: Trade to Share 100,000 USDT” event from Nov 9, 2024 to Nov 15, 2024, celebrating these exciting new token listings. Users will stand a chance to share 100,000 USDT by completing the following tasks. All users can win their rewards through spot trading or social media interaction. For more details, please check the announcement.
New Listing
A new token was listed on the FameEX Spot during the period.
◆ PlasticHero (PTH): PTH/USDT was listed in the spot trading zone on Nov 1, 2024.
Trading Volume
◆ As of Nov 15, FameEX's highest ranking on CoinMarketCap hit 39, with a 24-hour trading volume of $10,876,739,173, an average liquidity of 784, and a weekly average of 1,163,715 visits. (Data source: CoinMarketCap)
◆ As of Nov 15, the total assets in the FameEX insurance fund stand at 7,971,145.03 USDT. It is updated daily and can be viewed HERE in real-time.
FameEX Official Community
1. X (formerly Twitter): 127K Followers. Link: https://twitter.com/FameexGlobal
2. Telegram (Global): 89,624 Members. Link: https://t.me/fameexgroup
3. Discord: 14,761 Members. Link: https://discord.gg/V8yvKPxVCk
Follow more official channels on:
Chinese X (formerly Twitter): https://twitter.com/FameEXzh
YouTube: https://www.youtube.com/c/FAMEEX
Thanks for reading this report of FameEX Biweekly. Stay engaged with our official social media, and your voice matters to us!
