Despite facing competition from many new cryptocurrencies, DOGE remains the most dominant memecoin in the market with the highest market cap. However, this is not the only way it wins.
In fact, a recent report from IntoTheBlock found that Dogecoin could be the most profitable memecoin for the average investor.
Dogecoin’s momentum comes to a halt, and it continues to fluctuate
Dogecoin remains the king of memecoins with a market cap of $15 billion. However, in terms of price action, Dogecoin has struggled over the past few months.
In the spring, Dogecoin was rejected twice at the $0.22 mark, forming a double top pattern on the chart, which is a well-known bearish signal.

Powell "scared" U.S. stocks. Federal Reserve Chairman Powell's latest speech has become the focus of the market's most attention. At 0:00 a.m. on October 20, Beijing time, Powell spoke at the Economic Club of New York and said that if he sees further signs of strong economic growth, he may raise interest rates again. This speech caused a huge shock in the U.S. stock market. The three major indexes turned from gains to losses. The Dow Jones Industrial Average plunged more than 483 points during the session. As of the close, the Dow Jones Industrial Average fell 0.75%, the Nasdaq fell 0.96%, and the S&P 500 fell 0.85%. Affected by the "thunder" in performance, Tesla's stock price plunged 9.3% overnight, and its total market value evaporated by US$71.6 billion (approximately RMB 520 billion) in a single day. According to the latest financial report, under GAAP calculation standards, Tesla's stock price plummeted 9.3% overnight. Tesla’s net profit attributable to its parent company in the third quarter was US$1.853 billion, a sharp decrease of 44% year-on-year. It is worth noting that the new U.S. chip export regulations have begun to impact the consumer market, and Nvidia’s flagship gaming graphics cards were out of stock overnight. On October 18, Nvidia’s top flagship graphics card RTX 4090 began to be completely removed from the shelves. It is currently out of stock on JD.com. Searching for RTX 4090 only shows other models of graphics cards such as RTX 4070. At present, some third-party stores on Taobao show that the products are available, but the prices have generally doubled, and even reached a high price of nearly 50,000 yuan. Powell's latest speech As the Federal Reserve is about to enter a period of silence before the November interest rate decision, Federal Reserve Chairman Powell's latest speech has become the focus of the market's most attention. At 0:00 am on October 20, Beijing time, Powell delivered his latest speech at the Economic Club of New York, triggering a huge shock in the US stock market. Powell said: "Given the many uncertainties and risks, and the progress we have made, the Fed is proceeding cautiously." But Powell further said that the Fed is paying attention to recent data showing the resilience of economic growth and labor demand. More evidence that growth is above trend, or that the labor market is no longer easing, could put inflation at risk and further tightening of monetary policy may be needed. Powell believes that financial conditions are tightening due to rising long-term U.S. bond yields, and said that "ongoing changes in financial conditions may have an impact on the path of monetary policy." He added that rising U.S. bond yields may mean that interest rates are likely to rise. Less necessary, the Fed will have to let the rise in yields play out and watch, but the rise in yields does not appear to be related to market expectations for further Fed rate hikes.He also mentioned multiple risks facing the outlook for monetary policy, including the heightened geopolitical tensions (brought about by the new round of Palestinian-Israeli conflict), which poses major risks to global economic activity. The Fed is charged with monitoring the impact of these developments on the economy, which remains highly uncertain. During the question-and-answer session, Powell also said that "evidence shows that the Fed's current monetary policy is not too tight," seeming to suggest that there is room for further tightening. Powell also said that the pace of interest rate hikes will be slowed this year to give the tightening action time to take effect, but "interest rates may not be high enough and maintained long enough." Analysts said that Powell's speech was basically in line with market expectations of a "hawkish tone" and reiterated that policy should be advanced "cautiously". It not only warned against premature complacency in cooling inflation, but also confirmed that "interest rates will remain at higher levels for longer." general direction. U.S. stocks plummeted across the board, and Powell's speech had a considerable impact on the market. Among them, the Dow's largest intraday plunge exceeded 483 points. As of the close, the Dow fell 0.75%, the Nasdaq fell 0.96%, and the S&P 500 fell 0.85%. In terms of individual stocks, U.S. technology stocks collectively weakened. Tesla, whose performance growth unexpectedly slowed down, fell 9.3%, and its market value evaporated by US$71.6 billion (approximately RMB 520 billion) in a single day; Meta closed down 1.3%, and Apple closed down. 0.2%, Nvidia fell 0.2%. Chinese concept stocks also adjusted in line with the general trend of U.S. stocks. The Nasdaq Golden Dragon China Index closed down 2.1%, Baidu fell nearly 6%, JD.com fell more than 3%, NIO fell more than 2%, Alibaba, Pinduoduo, Tencent Pink List , NetEase, Bilibili, Xpeng Motors, and Li Auto fell more than 1%. In addition, the European market also weakened collectively, with the European Stoxx 600 Index, the British FTSE 100 Index, the French CAC40 Index, the Spanish IBEX35 Index, and the Italian FTSE MIB Index all falling by more than 1%. At present, the outlook for the Federal Reserve to raise interest rates is full of fog. U.S. retail sales data released this week that exceeded expectations have shaken the market's expectations that the Federal Reserve's interest rate hike policy is coming to an end. The outlook for inflation is unclear, and Powell's speech caused another violent impact on the U.S. Treasury market. The 30-year U.S. bond yield once exceeded the 5% mark, closing at 5.109% overnight; the 10-year U.S. bond yield is also approaching 5%, both reaching levels not seen since 2007. highest level.In addition, the latest data shows that the number of people applying for unemployment benefits for the first time in the United States last week was 198,000, the smallest increase since the week of January 23, 2023. It is estimated to be 210,000, compared with the previous value of 209,000. This means that the U.S. job market is still hotter than expected. Nomura Securities analyst Charlie McElligott said: The better the economic data, the more likely the Fed will take action to further tighten financial conditions. The U.S. economy is surprisingly strong despite the highest interest rates in 22 years. JPMorgan Chase even warned that its clients believe the Federal Reserve may need to raise interest rates to "at least 6%" to fully cool the job market and curb consumer spending. Completely removed from shelves, prices skyrocketed New U.S. chip export regulations are impacting the civilian consumer market, and NVIDIA's flagship gaming graphics card was out of stock across the entire network overnight. On the afternoon of October 18, Nvidia’s top flagship graphics card RTX 4090 began to be completely removed from the shelves. It is currently out of stock on JD.com. Searching for RTX 4090 only shows other models of graphics cards such as RTX 4070. At present, some third-party stores on Taobao show that the products are available, but the prices have generally doubled, and the selling prices have reached as high as more than 20,000 yuan, and even as high as nearly 50,000 yuan. NVIDIA partners such as ASUS, MSI, GALAXY, etc. have also removed this model of non-public graphics cards from the shelves, and the official flagship stores have shown that they are out of stock. The final fate of Nvidia's RTX 4090 graphics card will be revealed in 30 days. It is reported that the RTX 4090 will be launched at the end of 2022, with an official recommended retail price starting from 12,999 yuan. As a flagship GPU equipped with the Ada Lovelace architecture, this graphics card is more expensive and is mainly aimed at high-end players. For a long time, due to high pricing and low demand, the supply and demand of graphics cards equipped with RTX 4090 GPUs have been stable and prices have been less volatile. However, due to its high computing power, this graphics card has a certain price-performance ratio in AI computing. Some organizations choose the RTX 4090 graphics card for AI computing purposes. On October 17, the United States updated its new chip export regulations. In addition to dedicated AI computing chips, it also covers high-end gaming graphics card products for the first time. Specifically, the United States changed the setting of parameter specifications to "total processing performance" or "performance density." Chips above a certain value are subject to export controls. Affected products include graphics processing units (GPUs), tensor processing units (TPUs), neural processors, memory processors, etc., including the RTX 4090.The impact of this new regulation has begun to appear. In addition to the RTX 4090 being out of stock across the entire network, NVIDIA's business has also been affected. On October 18, NVIDIA disclosed in a regulatory document submitted to the U.S. Securities and Exchange Commission (SEC) that the additional licensing requirements for chip performance thresholds in the above-mentioned export control revisions will affect NVIDIA A800, H800 and other products, and cover Mainly used in gaming PC (personal computer) consumer-grade flagship product RTX 4090. Products such as DGX and HGX that integrate the above chips are also covered by the new regulations. NVIDIA mentioned that this may affect the company's ability to complete product development on time, support existing customers of restricted products, and supply restricted products to customers outside restricted regions. In response to the new export regulations, Nvidia responded, "We will comply with all applicable regulations while working hard to provide products that support thousands of applications across multiple industries. Given the global market demand for our products, we expect financial losses in the short term." There will be no material impact on performance."

Ethereum funding rates have turned positive, indicating bullish sentiment among futures traders.

Ethereum’s exchange data shows that ETH’s selling pressure is easing.
However, ETH failed to recover due to the drop in demand.
Ethereum [ETH] has underperformed Bitcoin [BTC] this year. The main reason behind this dismal performance is the decline in demand due to increased selling activity.
However, selling pressure may be about to run out. According to a Quicktake post by CryptoQuant, net ETH flows on derivatives exchanges exceeded 40,000 ETH on September 7.

The increase in the amount of ETH being withdrawn from derivatives exchanges suggests that selling pressure is declining and traders are less interested in borrowing funds to open short positions.

Recent market analysis shows a significant shift in Bitcoin capital flows from short-term holders (STH) to long-term holders (LTH).
Specifically, according to CryptoQuant analyst IT Tech, short-term investors have been selling their positions amid recent market volatility, while long-term investors continue to accumulate.
Current trends among short-term and long-term holders
CryptoQuant analysts said that the net positions of short-term holders have dropped significantly in the past two weeks. Many of these investors have exited the market, either taking profits or stopping losses, indicating uncertainty about the short-term price direction of Bitcoin.

Dogecoin whales continue to be bullish on Dogecoin, with trading volumes surging in 24 hours. Dogecoin large transactions reached $812 million in 24 hours, and a bullish wedge pattern is forming. This figure is 83.53% higher than the previous day and 113.6% higher than the day before. Whales hope to trigger a rally around the asset, but it has failed to achieve this goal in months.
The exact amount of DOGE traded by whales totals 8.1 billion. This is up 74.56% in the last 24 hours. The average whale traded 9,020,044 DOGE, or $905,178.17. This means that, on average, whales trade nine times the minimum $100,000 required to be classified as a whale. These trades are often good catalysts for potential bull runs in a currency. If the price of Dogecoin rises due to trading, it and other meme coins are likely to rise.

This dip is a good opportunity to enter the market.
First, let's be clear.
Do you want to lose money? Then you absolutely should
• Buying out of greed
• Selling out of fear
The Fear and Greed Index has dropped to 27 points.
The same thing happens in September 2023.
Buy the right tokens = more profits
Here are the 10 best strategies to build up during the fear phase 👇🏻
1/ ➮ $SUI ：
- Sui is a decentralized, permissionless smart contract platform designed for low-latency asset management using the Move programming language.
- Define assets as objects owned by an address, with custom rules for creation, transfer, and mutation.

The "gold battle" in the blockchain world has officially begun!

On September 8, blockchain giant Arbitrum dropped a bombshell and launched an amazing plan called "Stylus Sprint". This news was like a depth bomb, instantly causing huge waves in the cryptocurrency circle!

Arbitrum’s move is extremely ambitious - they plan to offer up to 5 million ARB tokens, equivalent to about $250 million, to attract top developers from around the world. The goal of this huge bonus? To promote their flagship technology, Arbitrum Stylus.
Let's take a look at the details of this "developer gold rush":

Overall, the market rebounded today. Bitcoin reached $54,800 and Ethereum reached $2,310. After yesterday's big plunge, many people couldn't find their way. Bitcoin and Ethereum began to pull back yesterday morning. Bitcoin also reached its lowest point of $52,510 yesterday morning, and Ethereum also reached its recent low of $2,150. After the non-agricultural data and unemployment data came out, Laoshan also clearly indicated that the United States began to PUN. Bitcoin and Ethereum also rebounded, and many people were shouting that the bull market is coming. Laoshan also pointed out that we should be careful of being trapped. I didn't expect a sudden attack. Many people were woken up by Laoshan in the early morning yesterday to buy the bottom, and basically all of them made money. The previous articles reminded us many times that if Bitcoin does not hold at $54,000, it will touch the 50,000 mark. Fortunately, the 50,000 mark is relatively strong this time. Ethereum fell below 2,200 and looked at the 2,000 mark below. The next idea remains unchanged and the focus is on the 50,000 mark. Ethereum focuses on the 2,000 mark. The upper pressure of Bitcoin is at $56,000, and the pressure of Ethereum is at $2,350.

Shiba Inu (SHIB) has recovered 2% in the past 24 hours, but the asset is still down 4.4% on the weekly chart, 5.4% on the 14-day chart, and 3.9% over the past month. The popular cryptocurrency appears to be consolidating around $0.000013.

Despite significant challenges over the past few years, SHIB supporters and investors are pushing for higher pricing. During the 2021 bull run, memecoin has achieved excellent results and gained recognition as a solid cryptocurrency project.
Despite its broad appeal, the memecoin has struggled to gain traction in recent months. SHIB saw a notable rally in March but quickly lost momentum.

Recently, with Musk’s tweets and the surge in social sentiment, Dogecoin is expected to receive more attention this weekend.

A surge in social activity could help DOGE’s price action
Ownership statistics also highlight some growth
Dogecoin had a strong start to the first quarter of 2024 but has since given back nearly all of its year-to-date gains. This is despite the fact that the year’s movement has favored the memecoin sector. In fact, the latest data suggests that social sentiment is starting to support the king of memecoins.
According to LunarCrush, social activity around Dogecoin has been increasing. Analysis shows that Dogecoin’s social metrics are on par with major currencies such as Bitcoin, Ethereum, and Solana. This means that Dogecoin supporters may be trying to gain support for the memecoin.

The TON Foundation announced the launch of a new 5 million Toncoin DeFi incentive program, worth more than US$23.6 million.
This is to boost the adoption of USDT-TON and promote liquidity in its DeFi ecosystem.
The plan builds on the successful launch of USDT on the network in April 2024, which achieved 729.9 million in circulation in just five months, becoming the fastest-growing launch in Tether’s history.
$The new incentive program aims to reward liquidity LPs of major currency pairs within the platform
The initial phase of the program will focus on rewarding liquidity for TON/USDt, stTON/USDt, and tsTON/USDt pairs on the STON.fi and DeDust platforms, as well as liquid staking protocols Tonstakers and Bemo.

On the evening of September 5, 2024, the Ethereum Foundation held its 12th AMA (Ask Me Anything) event. The event was held on Twitter Space and was attended by Ethereum co-founder Vitalik Buterin, foundation members Justin Drake and Dankrad Feist, and other core members, who discussed a number of issues of concern to the community. The following is a summary and interpretation of the important content of this AMA, focusing on the Ethereum team's views on the poor performance of ETH prices and its response strategies.

1. Layer1 expansion plan: not just relying on Layer2
During the AMA, the team made it clear that although Layer2 is seen as the key to Ethereum expansion, Layer1 expansion plans are still ongoing. Justin and Vitalik mentioned that the scalability of the Ethereum mainnet itself will be further enhanced through precompilation performed by the virtual machine, optimization of ZK proof technology, and application of Verkle tree technology. These technical improvements are designed to improve the performance of Layer1, thereby forming a complementary relationship with Layer2 in terms of expansion.

Solana's NFT market has shown rapid growth, driving the number of DApps to grow by 87%, surpassing Ethereum in growth rate. Despite these impressive numbers, SOL is still struggling to gain significant momentum.
Solana has been one of the most popular tokens in recent history, with activity increasing significantly in recent days. The booming NFT market is a key reason for this growth. In the past few days, the number of DApps on Solana has surged by more than 87%, a large part of which can be attributed to the growing popularity of the Tensor NFT market.

@dappOS com event in partnership with Binance web3 wallet is a big hit🔥
🔥The following is an analysis and introduction from several aspects! @dappOS com "Intentional assets - interest-bearing but unlimited usage scenarios" has a huge potential impact on the Web3 industry!
1. Increased user participation: This asset model allows users to earn income while maintaining the free circulation and use of assets, which may greatly enhance the attractiveness of Web3 platforms. This dual advantage - the combination of asset freedom and economic benefits - may encourage more users to actively participate, thereby promoting the activity of the entire ecosystem.

In today's world, if you are targeted by others intentionally or unintentionally, it will not be fun. After all, even being an official or president has become a high-risk job.
Musk is undoubtedly a person who has a significant impact on mankind in the contemporary world. He is much more accomplished and valuable than a country's president, king, or prime minister. Anyone who does not admit this is truly ignorant and fearless.
Musk's main task this year is to help Trump run for the US presidency, because he wants to make more changes in the world, and he seems to have a plan in mind.
However, Musk is only a mortal after all. Freedom is precious and he only has one life. He currently does not have the ability to escape into space in dangerous moments.

In the ever-changing world of cryptocurrency, if you want to get results, you have to take the initiative to learn and improve your thinking.
As Charlie Munger said: When the opportunity comes, you have to invest boldly.
When you can't sleep well because of your investments, it is not necessarily because you have invested too much. It may be that you have no confidence in the target you have chosen, or the leverage you used is too risky and exceeds your tolerance.
In the past, when buying a house, the whole family had to empty out all their savings, and might even have to borrow money to buy it, but they could still sleep peacefully.
There is no essential difference between real estate speculation and cryptocurrency speculation. As long as the leverage is too high, you will not be able to sleep, especially now.