Which altcoins will explode with high profits in May? Can Bitcoin's $100,000 target be reached this year?
In the early morning of May 2, the Federal Reserve announced that the target range of the federal funds rate will remain at 5.25% to 5.50%, and will slow down from June. Fed Chairman Powell said at a subsequent press conference that short-term inflation expectations have risen, but the next step is unlikely to be a rate hike. The Fed's May resolution basically met market expectations. Although Powell's statement at the press conference was dovish, the market expected that there would be no interest rate cut in June. The market expected a rate cut in September at the earliest!
2. The war in the Middle East began to ease, and the Federal Reserve slowed down its interest rate cuts. Recently, the global stock market as a whole has been consolidating at a high level, gold has risen slightly and fallen back, and the Bitcoin cycle is also at a historical high. The overall trend seems to be relatively linked, or sometimes, Bitcoin can be regarded as a part of the US stock market!
3. On May 1, Zhao Changpeng accepted the verdict in the Western District Court of Washington. The court officially announced that CZ was sentenced to 4 months in prison. Spending money to avoid disaster is more about the role of money power! Compared with SBF, CZ's ending is much better. Binance has landed safely and has solidified the throne of the world's first exchange! The next one should be DoKwon or Sun Yuchen!
4. Recently, the Hong Kong Bitcoin ETF was launched. Currently, a total of 4088 BTC are held. Perhaps more countries will open Bitcoin ETFs in the future. Similarly, perhaps the future will not be too far from the launch of Ethereum ETF!
In fact, many current projects actually have potential. In the future, the more certain tracks of the big crazy bull, AI, L2, Hong Kong concept, SOL ecology, platform currency, BN's IEO project, BN investment, public chain, COIN investment, BASE ecology, RWA, etc. Just select a few projects from each track!
The market always follows the principle of hyping new things instead of old ones. Whether it is a new variety or a new track, when we are laying out, we should pay attention to laying out new tracks. Some tracks that have been hyped may not necessarily have hype expectations in this round of market. On the contrary, tracks that were not hyped in the last bull market may have more opportunities.
For example, the AI sector and the L2 sector meet the requirements. The former metaverse, NFT track, or DEFI track are all hyped tracks. So there are opportunities, but they may not be the biggest ones. On the contrary, the RWA track and the SOL ecosystem are hot topics in this round of bull market. Therefore, there are also inscription tracks, rune tracks, and big cake ecosystems. These are all tracks that continue to be hyped in this round of market. We must learn to embrace new things and strengthen our learning so that we can keep up with the trend in things that change so fast and discover projects with the potential to increase tenfold or a hundredfold!
The market is about to usher in several important events in May, let's take a look!
First: The Apple Developer Conference to be held on June 10th has attracted much attention. It is rumored that GPT-5 will be released this month, which is undoubtedly a big boon for the entire cryptocurrency market. In particular, the currencies of RNDR, Arkm and WLD are worthy of our close attention.
Second: The hype of Ethereum ETF on May 23 has also attracted much attention. With the good news of Prague's upgrade, SSV and OP are also expected to usher in a wave of gains.
Third: The upcoming European Cup in June and the Olympic Games in July and August also bring huge investment opportunities for Binance's own son SANTOS. Finally, we can't forget that the halving time of ETC will come on June 16, which is also an important event worthy of our attention.
Fourth: The Apple Developer Conference will be held on June 10, Google's 2024io event will be held in May, and chat GPT-5 will be released in June!
