In terms of market conditions, the consecutive two-day pullback is actually not surprising. The key support level of 66700 has been tested twice but not broken, showing the market's resilience. As long as this range holds, the short-term market can be considered stable. Ethereum has also stabilized at 2560 points; as long as it does not drop below this level, the overall trend remains healthy. As for how to operate, risk-tolerant individuals can make their own judgments, but remember, any strategy is for reference only and does not constitute investment advice.
Whenever the market corrects, negative news floods in, and various conspiracy theories and negative sentiments fill the market. However, it is important to remain rational and see through the essence of trends.
Regarding the conspiracy theory circulating in the market about the Federal Reserve 'first lowering interest rates and then suddenly raising them,' there is actually no need for excessive worry. After all, this is a national strategy arrangement, not child's play. As the dominant player in the global economy, the Federal Reserve will not easily act in a way that betrays global capital.
It is recommended that everyone pay more attention to global financial giants like BlackRock and observe their market dynamics. Following the footsteps of these large funds often leads to good returns.
Potential altcoins worth watching
1. TON
Toncoin (TON) is a decentralized open-source Layer-1 blockchain that utilizes a Proof of Stake (PoS) consensus mechanism, enhancing the network's scalability and stability. Its core goal is to provide fast and secure payment services with extremely low fees. At the same time, Toncoin plans to expand into decentralized storage, services, domain name systems (DNS), anonymous networks, and efficient payment processing.
Currently, Toncoin's price is $5.24, with a weekly increase of 1.50%, and the trading price has risen above its 200-day simple moving average, indicating strong long-term growth potential. Over the past 30 days, Toncoin has recorded 15 up days (50%), reflecting relatively stable market performance. High liquidity ensures smooth trading while reducing the risk of significant volatility.
Recently, Toncoin completed integration with Axelar's Mobius Development Stack (MDS) platform, which is an interoperability platform connecting over 68 blockchains. This integration will help Toncoin improve scalability and promote broader cross-chain applications. Coupled with potential connections to Telegram's 950 million users, Toncoin is expected to accelerate the flow of developers, users, and liquidity across different blockchains.
Although Toncoin focuses on decentralized services and has made technical progress, its future success still depends on its ability to effectively meet user and market demands.
2. DOGS
Dogecoin is like a lively and adorable community mascot. It originated from Spotty, a mascot created by Telegram founder Pavel Durov, embodying a spirit of fun and social interaction.
Dogecoin is not merely a currency; it emphasizes community connection and shared experiences, showcasing community culture in the form of a meme coin. If you wish to participate in Telegram's community culture, then Dogecoin is undoubtedly the best choice to represent this spirit.
3. APT
Aptos (APT) is currently priced at $10.89. Despite a slight decline of 9.48% today, trading volume has surged by 125.94% in the last 24 hours, showing strong investor interest in an upcoming important event. Due to increased demand, Aptos's price has broken through all its simple moving averages, indicating it may soon test the resistance level of $13.55.
In the current weak market environment, Aptos has shown a strong upward trend, similar to SUI. Since mid-September, Aptos's price has steadily climbed from below $5 to its current level, with a continuous upward trend and higher highs and lows reflecting strong bullish momentum.
Recently, Aptos partnered with MEXC to launch activities centered around the APT token, allowing holders to participate in locked savings and futures trading for a chance to win a reward pool of $1.5 million. Additionally, MEXC has provided zero trading fees for APT transactions, further strengthening Aptos's bullish outlook.
