Today is April 25, 2024. Bitcoin has been trying to break through the MA200 moving average for the past two days. It bounced sideways in this area for two days. Then it failed in the end. Now it has returned to the MA50 moving average. Bitcoin fell from $67,000 to $63,500, a drop of more than $3,000.
As for the reason why Bitcoin fell yesterday, I think it was also because of the spot ETF market. We once again saw a large outflow of Grayscale GBTC, which was an outflow of nearly 2,000 bitcoins, while small spot ETFs did not see any inflows. The top three Bitcoin ETFs, except for Blackrock's data, had very little inflows, and the net outflow of Bitcoin in the market was always not very good. From last Friday to the ETF trading day on Tuesday, we saw three consecutive days of positive inflows, but the scale was actually relatively small. This was not comparable to the period from early February to mid-March. Now many people only have a cautious investment attitude, and the futures market has not returned to a balanced level. Some altcoins are still dominated by shorts, which is not comparable to the previous level of popularity. The market still needs some time to recover.
Which altcoins with huge potential can be bought at the bottom! ?
ALPHA：
ALPHA tokens are the tokens of the Stella protocol, a leveraged on-chain strategy protocol with a 0% borrowing cost. Leverage traders cut 20% of their earnings as Stella protocol fees.
BUT：
Aeternity was founded in 2016 by German computer scientist Yanislav Malahov, the "Godfather of Ethereum", former Augur core developer Zack Hess, and former Synereo core developer Jack Pettersson. It brings together many disruptive innovations and aims to rebuild the underlying protocol of today's smart contracts. Aeternity's technical highlights are Turing-complete state channels and decentralized oracles.
æternity is a modular blockchain network that uses state channels for scalability and is tailored for smart contracts that interact with real-world data through oracles. æternity is committed to building a comprehensive platform that can support many æpps, and identity management and proof of existence æpps are just the first step.
HC：
HCASH is a new decentralized, open source, cross-system digital cryptocurrency that will become the connection point for all blockchain systems, allowing value and information to be freely exchanged between different blockchain systems.
HCASH has completed the HCASH2.0 main chain upgrade in August 2018 - the original Hshare chain was officially upgraded to the HyperCash main chain (HC), and together with the HyperExchange main chain (HX) incubated by HCASH, it formed a dual-chain structure. As the two core hubs of the HCASH ecosystem, they will collaborate with each other to establish value interconnection between the HCASH ecosystem and blockchain systems such as BTC, ETH, and non-blockchain distributed ledgers (DAGs).
HC Chain fully realizes quantum resistance and privacy protection, supports PoW+PoS hybrid consensus, focuses on the in-depth research and development of blockchain underlying technology, and provides HyperExchange with the value tokens needed to maintain system stability. At the same time, HCASH will carry out targeted upgrades to all the technical features proposed by HC: anti-ASIC, intelligent lightning network protocol HAILP (HCASH AI Lighting Protocol) and smart contracts have been included in the next development plan. HyperCash will work with HyperExchange to provide HCASH with a solution for value intercommunication and interconnection between blockchains, and on this basis, realize the free flow of information and value between blockchains and non-blockchain distributed ledgers (such as DAG), laying the foundation for constructing a multi-asset distributed business application ecosystem.
Summarize:
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.
