The market has been suppressed for too long. Yesterday, I shared my personal views on the future market from a macro and big cycle perspective. Everyone reacted very strongly to the later situation.
First of all, we must determine two major guidelines.
1. [Large volume increase]
There will definitely be another big market rally between the second half of this year and the end of 2025 (far exceeding the previous two rallies).
Since January 2022, the market has started to rise, and by March 2023, the market has completed two upward rallies. Both rallies were in the state of "shrinking volume rise" when the Federal Reserve maintained high interest rates (the world's money is in the Federal Reserve Bank, and the market is short of funds), which is referred to as the process of "bottom-up rise" by institutions, high-selling and low-buying and wave-band washing! Under such circumstances, there is not much trading volume. Even in February and March this year, the daily trading volume of BTC was only about 5 billion US dollars.
I remember that in the bull market of 21 years, the daily trading volume of BTC was between 10 billion and 20 billion US dollars almost every day!
Therefore, when the wave of interest rate cuts begins in the future, there will inevitably be a large "large-volume rise in the market", which will also be the golden period for market makers and institutions to truly reap the rewards.
3 Altcoins Will Steal the Spotlight in the Bull Market and Explode 100 Times!
1.CRV
Curve DAO (CRV) has seen a slight increase in price recently, which could be a good opportunity for investors. Altcoins have been dealing with market volatility in line with the broader trend, but it still presents an opportunity for those who missed out on the initial dip. CRV’s price is currently in the demand zone, indicating strong buying interest at this level.
The price of CRV has surged by a massive 2.65% in the past 24 hours. This comes after the token’s inflation rate dropped to 6.35% on August 12, reigniting investor interest and setting the stage for potential growth. A lower inflation rate means fewer new CRV tokens entering the market, pushing up prices.
The reduction in token supply is expected to have a positive impact on CRV's price, which has fallen by more than 35% since launch. Typically, a reduction in supply and rising demand leads to higher prices. On August 13, rumors of a drop in inflation spurred trading activity, causing daily trading volume to jump 71.90% to $244 million, a two-month high. The surge in trading volume reflects the market's strong interest in CRV and supports its recent double-digit price gains.
If CRV continues its bullish momentum and surpasses Leader Zone B on the Ichimoku Cloud, the coin could reach $0.44 or even rise to $0.54. However, if the market turns bearish, the price could fall below the Ichimoku Cloud and possibly drop to $0.18.
2. HIM
Uniswap is a well-known brand in the cryptocurrency world, but it has struggled during this bull run. Due to the increase in activity on its DEX platform, there were high hopes that Uniswap would return to its 2024 highs. However, this did not happen as most transactions stayed on centralized exchanges. Instead of recovering to its previous $15 level, the price of Uniswap is hovering around $5.9.
Despite these challenges, and signs that whales may be hoarding, Uniswap’s market cap has stabilized at $3.551 billion, ranking 23rd. The price has stabilized, up slightly by 2.45% over the past 24 hours. However, Uniswap still has a long way to go, as it fell 9.79% last week to $5.92.
The recent growth in trading volume of over 12% suggests that the price may be about to rise by more than 10%. UNI price is showing signs of recovery and is aiming to reach the 20-day EMA mark. After weeks of poor performance, the altcoin is showing a reversal pattern and has the potential to make a comeback. The formation of a bottom around $5.20 suggests that Uniswap may have completed the retracement phase and is ready to rebound.
If demand picks up, UNI could target the 50-day SMA near $7, which could spark a reversal. However, the relative strength index (RSI) remains below 50, suggesting weak buying pressure.
3. DONE
Fetch.ai recently announced a partnership with GameSwift. The integration combines FET’s AI technology with GameSwift’s web3 gaming platform, GameSwift Launcher. It further aims to leverage unused computing power of GameSwift Launcher users to support AI development through Fetch.ai’s proxy infrastructure.
As part of this collaboration, GameSwift will join the Fetch.ai Foundation as its first web3 gaming partner, taking a leading position in the gaming space. This integration will enable users of the GameSwift Launcher to contribute their GPU power to AI projects and receive rewards. This approach has the potential to advance the development of AI while providing a novel way for users to participate in AI development.
Meanwhile, AI Super League surged 1.52% to $1.19 during intraday trading, with trading volume surging 29.51% to $227 billion, according to CoinMarketCap data.
Moreover, the coin is currently trading 37.35% above its 200-day simple moving average of $0.869975, which suggests a continuation of the bullish trend. Moreover, the coin’s 14-day RSI is at 62.81, which is neutral and suggests a possible sideways trend in the short term.
The collaboration between Fetch.ai and GameSwift offers potential for innovation in AI and web3 gaming, while financial indicators suggest that market sentiment is cautiously optimistic.
