Happy New Year 2026! May luck surround every day! Ethereum, SOL, Ripple, and Dogecoin kick off a major rebound! This wave of Dogecoin takes the lead in launching a strong charge!

The cryptocurrency market has finally taken a breather these days. Emerging from the depths of extreme panic, the fear index rebounded from 20 to 28. Although still lingering in the fear zone, signs of recovery are already quite clear. BTC has been oscillating around the $90,000 mark, with a sudden plunge late at night followed by a quick rebound. This rhythm is truly exhausting. Ethereum, on the other hand, has exhaled and broken through the $3100 level strongly. XRP and Dogecoin are the fastest runners, leading the mainstream coins in the gain leaderboard. Interestingly, after institutional resumption of work and liquidity injection, the big players are going against the trend, accumulating coins at low levels. On-chain net outflows indicate that long-term holders remain confident, but on the other hand, over 110,000 traders were liquidated within 24 hours, showing that bulls and bears are still fiercely battling in the short term. Standard Chartered Bank has lowered BTC's target price, while the Federal Reserve is pondering interest rate cuts. The market is swinging between digesting negative news and brewing positive signals. The current market sentiment can be summarized in four words: "Cautiously Optimistic." The wave of fear is receding, but greed has not yet surfaced. The $92,000 level for BTC is roughly the dividing line of current sentiment. Want to be more cautious at this stage? Consider buying on dips instead of chasing highs, and focus on whether key levels are broken—that's the right approach.

Recently, there has been a hot topic in the crypto circle—the IPO expectations for XRP in 2026. The comment section is full of all kinds of opinions: some are eager to try, some are cautiously observing. I decided to dig out the data reports I have and want to discuss whether this is reliable. Let's start with the big picture. I specifically compared the latest valuation data of the global tech and crypto sectors. These numbers are quite interesting: SpaceX leads with $1.5 trillion, equivalent to several traditional tech giants; OpenAI follows closely with $830 billion, capitalizing on AI dividends; ByteDance remains steady at $480 billion; along with Anthropic ($230 billion), Databricks ($160 billion), and Stripe ($120 billion), each a leader in their respective fields. According to this report, the IPO valuation expectation for XRP is set at $50 billion. My first impression upon seeing this number is—it's conservative but quite reasonable. Why do I say that? Compared to those giants, XRP's advantage lies in the maturity of cross-border payment scenarios. But honestly, compared to disruptive innovations like SpaceX and OpenAI, the potential for imagination is indeed limited. A valuation of $50 billion is neither overly ambitious nor undervaluing its worth—it's somewhere in between.