The interest rate is about to be cut, and judging from the market, the correction and volatility in the past six months and the main force's accumulation of funds are nearing the end.
The second correction on September 6 has also confirmed that the market has stopped falling, so the corrections in the past two days are deceptive. The correction before the interest rate cut made the market think that there would be a big drop.
The market has forgotten the feeling of a sharp rise, and after every rise the subjective thinking is that there will be a big fall.
The more this is the case, the more likely it is that a sharp rise in prices will occur.
When the next big rally occurs, retail investors in the market will become even more anxious. After the big rally, they don’t know whether they should chase the market or not. If they don’t chase the market, they are afraid that the market will continue to rise. If they chase the market, they are afraid that it will be a trap and there will be a big drop afterwards.
So I really feel sad for those retail investors who cannot understand the market, have no professional institutions to lead them, and are fooled by those short-term communities outside.
There is obviously such a good trend at the moment, and such great opportunities are waiting for us in the future, but we miss them because we don’t understand the market.
The two biggest key factors of the bull market:
The first is the influx of a large amount of funds, and the second is a powerful narrative to take over. Both are indispensable!
This round of the market is actually quite awkward. It is not like Defi in 2020 and Gamefi in 2021, which have new narratives to attract external funds. Once there is no narrative relay, Meme is the best narrative, because the market has no new carriers, and meme, a pure value consensus model, is forced to become a liquidity carrier;
I said before that a possible path is that external funds pile these meme coins to a certain height, resulting in a lack of heat and the market has to accept the mainstreaming of MEME in the short term!
The exchanges only look at the popularity and market reaction, so Binance’s move is not surprising. What He Yi said makes sense. Under such popularity, highly valued VCs are just making money, so it’s not too much to just find some undervalued ones to test the waters!
The bull market is about to take off and these six mainstream coins will soar 20 times, which are worth investing in!
On
Sui is ready to capture the attention of the cryptocurrency world. It is a layer-one blockchain platform focused on global adoption. Sui uses an object-centric data model. This approach solves common blockchain problems. It adopts the Move programming language to ensure security. Sui prioritizes user experience to make blockchain interactions smoother.
Features like zkLogin and sponsored transactions simplify access. Its scalable development platform can attract more users. Sui aims to raise the bar for user experience on Web3. With blockchain enthusiasm rising this year, Sui may be a project worth keeping a close eye on.
Sun
Solana is a blockchain platform known for its scalability. It supports decentralized applications and competes with Ethereum and Cardano. Solana aims at fast transactions and developer flexibility. Its native cryptocurrency SOL helps run the network. It facilitates transactions, operates personalized programs, and rewards participants.
Solana’s high-capacity network avoids the use of “sharding” or second-layer solutions. This can attract developers and investors. As 2024 approaches, Solana may spark interest with the return of altcoin season. SOL’s role in its ecosystem highlights its value in transactions and projects. With these features, Solana has the potential to grow as digital currencies gain attention again.
Be
Sei has gained attention as a dedicated layer 1 blockchain developed specifically for trading platforms. This dedication means that the exchange can process a large number of orders per second and complete trades quickly, with a target of just 380 milliseconds.
Large institutions are expected to secure Sei, reflecting its strong focus on security. It is expected to have a potential growth rate of 323.76% by 2030 if the highest price prediction is achieved. For those following cryptocurrency trends, Sei represents a technology designed to increase transaction efficiency, potentially paving the way for an exciting future in digital finance. If trading volumes continue to grow, Sei could become a major player in the altcoin market.
link
Chainlink is a key player in connecting blockchains with real-world data. It uses a decentralized network of oracles to make smart contracts more useful by linking them to data sources outside the blockchain. This connectivity helps smart contracts interact with applications outside the confines of the blockchain.
Chainlink's workflow involves data retrieval, aggregation, and secure delivery to smart contracts. LINK tokens play a vital role in its ecosystem, rewarding data providers, supporting staking, and facilitating payments. As 2024 approaches, Chainlink technology is expected to improve the interaction between blockchains and the outside world, ensuring the accuracy and reliability of data in smart contracts.
AVAX
Avalanche's AVAX coin has caught the attention of investors in 2024. The blockchain is known for its environmentally friendly design, low transaction fees, and fast speeds, processing up to 4,500 transactions per second. Its unique ability to allow users to create custom subnets provides flexibility. Avalanche uses a combination of consensus methods to quickly confirm transactions. It supports different types of operations through three interconnected chains: X-Chain, C-Chain, and P-Chain. AVAX acts as the backbone of the network, facilitating transactions, ensuring security through staking, and supporting network infrastructure. As interest in altcoins grows, the real-world applications and functionality of AVAX can drive increased usage and appreciation.
