Yesterday, the spot BTC ETF market added another $187 million in net inflows, with funds pouring in for four consecutive days. The market looks quite fierce! Fidelity's FBTC took the lead, contributing $56.6 million, followed by BlackRock's BITB, which injected $45.4 million. With funds pouring in, the US spot BTC ETF market is in full swing again!
In addition, the interest rate cut is coming soon, and judging from the market, the correction and volatility in the past six months have almost ended. 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 makes the market think that there will be a big drop. The market has forgotten the feeling of a big rise, and after every rise, the subjective thinking is that there will be a big drop.
The more this happens, the more likely it is that the market will rise sharply next time. When the market rises sharply next time, retail investors in the market will be more anxious. After the sharp rise, they don't know whether to chase it. If they don't chase it, they are afraid that it will continue to rise. If they chase it, they are afraid that it will be a trap and there will be a sharp fall later.
These 4 cryptocurrencies have the potential to skyrocket 100x!
CFX
Conflux Network (CFX) is a fast layer-1 blockchain that uses proof-of-work and proof-of-stake. The company is based in China and complies with local regulations, earning the nickname “Chinese Ethereum”.
Currently, Conflux is trending well in the market. It is trading at $0.1403 after rising 1.14% in the past 24 hours. The token’s price has risen for 16 consecutive days in the past month, reflecting strong market confidence. Its liquidity relative to its market capitalization shows steady interest from investors.
The long-term predictions suggest that its price will increase by 227.70% and may reach $0.419568 by October 2024. The short-term predictions suggest that the price will be between $0.128034 and $0.17533.
Recently, Conflux announced a partnership with Alibaba Cloud, a large Chinese technology company. The collaboration aims to bring advanced Web3 solutions to Hong Kong businesses and drive the next wave of blockchain technology in the region. Conflux has also partnered with Cloucidian to support further innovation in Hong Kong's technology sector.
If Conflux achieves its cap target, it could see a 36.94% increase by mid-September. With these partnerships and its growth potential, Conflux could strengthen its position in the blockchain industry, especially within Hong Kong’s evolving technology landscape.
BNB
Alchemy Pay recently announced support for the BNB ecosystem. The partnership enables Alchemy Pay’s On & Off-Ramp service to support a variety of tokens on the BNB chain, including its native token BNB as well as stablecoins such as USDC and USDT. This update was shared through Alchemy Pay’s official X account, marking an important milestone for the payment platform and the BNB chain.
This development enhances the user experience by simplifying transactions between fiat and cryptocurrencies, making the BNB Chain more accessible. The integration of Alchemy Pay further expands the reach of the BNB ecosystem, a blockchain known for its fast, scalable, and cost-effective infrastructure. This makes the BNB Chain a popular choice for developers building decentralized applications (DApps) and users engaging in decentralized finance (DeFi).
With the support of Alchemy Pay, tokens on BNB Chain will become easier to identify and use, allowing new and old users to benefit from it. This cooperation is in line with BNB Chain's goal of providing an accessible and efficient blockchain ecosystem.
Following the announcement, BNB’s price saw significant growth. BNB gained 7% between September 11 and 13, outpacing the overall altcoin market’s 2% gain. As of this writing, BNB is trading at $540.5, with an intraday gain of 3.60%. It is also above its 200-day simple moving average, indicating good momentum.
AVAX
Price analysis shows that AVAX has been quite volatile over the past month, but a bullish trend seems to be forming. The token’s price has increased by 14.26% over the past 30 days to $24. However, despite its huge potential, other assets may have seen even greater percentage gains. At the time of writing, AVAX is trading at $23.24.
Additionally, investor activity suggests that long-term holdings of AVAX are increasing, while short-term trades continue to play out. For many traders, this pattern indicates optimism, suggesting that prices could rise further in the absence of a major market downturn.
In addition to its role in the DeFi space, Avalanche is also expanding its influence in traditional finance. A notable development is ParaFi Capital’s plan to tokenize a portion of its $1.2 billion in assets on the Avalanche blockchain. The move reflects the growing interest of traditional financial institutions and is in line with AVAX’s broader efforts to consolidate its position in the financial sector.
Key indicators such as increased staking participation, rising total value locked (TVL), and growing investor confidence all point to AVAX’s potential for future price growth. If the token breaks above key resistance levels, it could see further gains on the back of its expanding role in the financial sector and the strength of its network.
RLB
Rollbit Coin has become the leading cryptocurrency in the GambleFi space with a market cap of nearly $250 million. However, some experts believe that Rollbit Coin (RLB) is still undervalued, even though its price has risen by 61% in the last month. For example, according to GL Capital, Rollbit has the lowest price-to-sales ratio (P/S) at 0.65.
In comparison, Aave’s P/S ratio is 6.67, while Pendle’s P/S ratio is as high as 26.94. This shows that despite Rollbit Coin’s high revenue, its market capitalization is significantly lower than its competitors.
Furthermore, with the NFL season just beginning and the NBA season approaching, Rollbit Casino’s revenue is expected to rise. In addition, the Premier League and Major League Baseball seasons are already in full swing.
Rollbit has also partnered with Southampton Football Club, a popular English Premier League team. In addition, Rollbit has a powerful deflation system that consumes 10% of casino revenue, 30% of futures revenue, and 20% of sports betting revenue. This deflation feature further strengthens the argument that RLB is currently undervalued.
Furthermore, Rollbit Coin is not yet listed on a major centralized exchange (CEX), but experts believe that this will change soon. Therefore, many predict a promising future for RLB in the coming weeks. GL Capital estimates that the market cap of Rollbit Coin could grow to $2.1 billion during the next bull run, making it one of the most worthwhile cryptocurrencies to invest in right now.
