What aspects should we pay attention to in the future market trend?
The news that an ETF was about to be approved directly pushed the price of Bitcoin to more than 70,000. Although it was adjusted back later because it could not be traded, the overall market is still bullish! You can pay attention to the news that the subsequent ETF can be traded and the news of interest rate cuts!
In the short term, you can look at the following news, which will also have a great promoting effect on the market!
1. Pay attention to Israel's attack on Hamas. After the breakdown of negotiations, public opinion in Israel supports continuing the war. If it is involved in the conflict between Egypt and Iran, BTC may fall sharply. The war will affect the financial circle and then the currency circle!
2. There will be a PCE data this Friday, which also needs to be paid attention to. The US PCE data for April released that night will affect the trend of BTC. If it is lower than expected, BTC is expected to challenge the previous high.
3. The US Treasury will launch a series of Treasury bond repurchases, which is indirectly good for the currency circle, because it reduces the supply of Treasury bonds in the market, thereby pushing up Treasury bond prices, lowering yields, and benefiting risky assets in the currency circle.
I hope these data can bring another wave of excitement to the market, a big market, so that everyone can eat a wave of meat!
Regarding altcoins:
New coins can still be paid attention to. This time, the new coin $BB performed very well. BB announced a partnership with Ethena, which directly pulled up the market and doubled in three days! The narrative of new coins can bring a great promotion effect to their own market!
The ETH series of currencies has great potential in the future. After the ETH ETF is passed and it can be traded, and then the Prague upgrade of ETH, all promote the trend of ETH. The take-off of ETH will definitely drive the related sector currencies!
Modular L2 and re-staking have become the main narratives of this round of ETH ecology, and the new coin $MANTA belongs to the modular L2 sector!
Recently, manta has also come out with a new narrative. Manta Network recently launched the CeDeFi product. Users can deposit assets such as wBTC/BTCB, wETH/STONE, USDT/USDC/wUSDM into the CeDeFi platform through the three chains of Ethereum, BNB chain and Manta Pacific.
The CeDeFi platform is not only the beginning of Manta RWA products, but will also become the issuance platform and interface for more RWA assets in the future, providing users with real returns.
The CeDeFi platform maps assets to exchanges through the custodian service provider Ceffu, and asset management institutions execute strategies such as rate arbitrage to generate currency-based income. These strategies originally only served VIP customers of exchanges, and Manta Network brought these advanced strategies to the chain by cooperating with these institutions.
In the bull market, through the CeDeFi ecosystem, users can not only increase the number of tokens in their hands, but also obtain multiplied U-based income when the token price rises. Manta CeDeFi products have therefore become one of the few products on the market that can earn real currency-based income, providing users with unique investment opportunities.
In addition, Manta Network is committed to providing modular blockchain support for zero-knowledge proof (ZK) applications, and its CeDeFi ecosystem has demonstrated outstanding innovation in this field.
Manta Pacific is a modular Layer2 solution built specifically for the EVM ecosystem. It implements ZK-as-a-Service through Manta's universal ZK circuit and uses Celestia's data availability layer to provide modular support, thereby providing users with the lowest Gas cost and the best user experience.
Manta Network's modularity and ZK technology-based technology innovations and advantages are very good, and the potential applications and future development directions of ZK technology are also great!
Manta's business development (BD) and resource capabilities are also very important in project development!
In addition, please pay attention to Manta's upcoming MEME season event, don't miss any exciting content and opportunities!
The opportunity of new coins, plus the new narrative, will also bring a certain promotion effect to the market of the currency!
