The purpose of bottoming out is to have a better rise!
Today is another new Monday. The market rebounded over the weekend, and the price returned to 58,000. Today the market conducted a second test, which is our last chance to get on board. The main upward trend will begin in August-October, and the interest rate cut will probably be in September-October. At this time, there will be a high point, which is probably in the range of 86,000-96,000.
It is not important whether you touch 100,000 or not. The key is that you have to learn how to escape the top. The last chance to escape the top is at the end of October and the beginning of November, which is around the election time. Remember to clear all positions. Every time the interest rate is cut, the US stock market will fall back by more than 20%. This is not alarmist!
According to past historical experience, when the market plummets with large volume, there will be a recovery period in most cases. Therefore, even if there is a short-term rebound, I suggest not to be too optimistic. Of course, if there is a small range of fluctuations, it will give us a window period for bargain hunting.
It will take some time for the overall market to reverse its trend. Don't expect to pull it back to the historical high point at once. There will always be repeated fluctuations. Yesterday we said that the current situation is the biggest opportunity in this round of bull market, but this does not mean that a new round of rise will start immediately. It still takes some time.
The bottom is for a better rise! Layout of 4 cryptocurrencies that soared 100 times in the bull market!
1.CHZ
CHZ is a cryptocurrency for the sports sector. Recently, Chiliz announced a partnership with PUML Better Health, an Australian platform dedicated to gamifying health and wellness activities. The partnership introduces a “Move to Earn” model, which encourages sports fans to exercise while participating in the Chiliz digital ecosystem. This partnership combines sports activities with blockchain rewards, redefining fan engagement in the sports industry.
Chiliz enables fans to participate in the management of their favorite sports teams. Fans can purchase various fan tokens, which allow them to be more closely connected to the club and create new revenue streams for sports organizations. The platform has established partnerships with major sports teams. It has also partnered with UFC and gaming organizations. By purchasing CHZ, fans can obtain fan tokens, which allow them to own a stake in the club.
2.ICP
ICP is the governance token of the Computer project. The Internet Computer blockchain pioneered the concept of a "world computer" blockchain using advanced cryptographic techniques. ICP recently partnered with the United Nations Development Programme (UNDP) and the DFINITY Foundation to improve access to finance for micro, small, and medium enterprises (MSMEs) around the world through the Universal Trusted Credentials (UTC) initiative. The collaboration focuses on enhancing domestic access to finance for MSMEs and unlocking trade finance between participating countries by promoting cross-border data trust.
ICP The token also exhibits high liquidity relative to its market cap. The 14-day relative strength index (RSI) is 37.51, indicating that the token is in a neutral state and may continue to move sideways. Despite the high volatility of 15%, ICP's significant yearly growth and strong market position make it one of the most worthwhile cryptocurrencies to invest in right now.
3.OM
Recently MANTRA announced a strategic partnership with MAG, a leading developer in the UAE with a real estate portfolio of over $5 billion. The partnership aims to leverage blockchain technology to transform real estate investment. MANTRA’s blockchain infrastructure will provide a secure and transparent platform for real estate tokenization, while MAG will contribute its extensive portfolio and expertise in the UAE real estate market. The partnership marks a significant step forward for both organizations.
The initial focus of the alliance is Keturah Reserve, a luxury residential development in Dubai's Meydan district. Through a secure vault product, investors will gain access to this alternative asset class, benefiting from attractive yields powered by blockchain technology. The collaboration opens new opportunities for real estate project financing and allows investors to leverage the advantages of digital tokenization. Following the announcement, the OM token surged and continues to soar, potentially setting new all-time highs if the bullish trend continues!
4. PYTH
Pyth Network aims to connect traditional financial markets and blockchain technology by providing real-time, high-quality market data. This data is critical for decentralized applications (dApps) across multiple blockchains, enhancing the reliability and functionality of smart contracts in various financial fields. Recently, Pyth Network established a strategic partnership with AMINA Bank. This collaboration is committed to improving data accuracy for the decentralized finance (DeFi) community.
AMINA Bank will provide real-time digital asset prices to Pyth Network, improving the accuracy and efficiency of financial services in the DeFi field. By integrating its resources with Pyth Network, AMINA Bank aims to enhance the network's data products. This collaboration marks an important step in the integration of traditional banking and emerging Web3 applications. It is expected to enable users in different industries to enjoy financial services more conveniently and reliably, thereby improving user experience and financial participation.
