Yesterday, BTC rebounded to 63,000, but the on-chain data showed that the situation was not improving.
1. Stablecoins in the exchange have not increased
2. More BTC flows into exchanges
There was a drop yesterday morning due to panic over the release of this week’s CPI data. When the price fell to the right level and the cost was appropriate, and funds were betting that the CPI data might be positive, they bought at the bottom, causing the BTC price to rebound.
3 big events this week
1. Powell will speak at 10 o'clock tonight.
2. The key US inflation data CPI will be released at 8:30 tomorrow night.
3. A new stage in Israeli-Palestinian peace talks.
The key point is still to look at the CPI data to determine the bull or bear market. Whether the Federal Reserve will cut interest rates this year depends on it. If it is higher than expected, BTC will break 60,000. If it is lower than expected, it will start a deep V reversal.
The current strategy is the same as what I have repeatedly emphasized to you in the past few days:
1. Do not keep your position empty to avoid missing out, the recommended position is 40%
2. Don’t chase high prices during a rebound, otherwise you will be trapped.
3. Reduce or increase positions as soon as the CPI data is released
Not every investor in the market looks at CPI data, especially in emerging markets such as the cryptocurrency circle where investors are relatively immature. So we can make good use of the information gap of macro information and follow the trend to make profits. OpenAI's press conference was released last night, and the good news has been released. Be careful of a sharp pullback in AI tokens.
3 cryptocurrencies that could rise 100 times in the next bull run!
1. OK
Ondo (ONDO) is a cryptocurrency project that aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). Here is a breakdown of the key points about Ondo:
What it does:
Integrate real-world assets (RWAs) such as ETFs and funds into the blockchain ecosystem.
Providing tokenized versions of these assets allows users to invest in them through DeFi protocols.
Providing access to traditional financial products through cryptocurrencies, acting as a bridge between DeFi and TradFi.
Potential positives:
A bridge between DeFi and TradFi: Ondo facilitates access to traditional financial products (real world assets such as ETFs) through DeFi protocols.
Growing interest in RWAs: The integration of real-world assets with DeFi is a growing trend, and Ondo is a prominent player in it.
Backed by major players: Backed by Pantera Capital, Coinbase, and potential partnerships with institutions such as Blackrock.
DAO Governance: ONDO holders have voting rights within the Ondo DAO, which enables them to influence platform decisions.
Is Ondo a buy?
Depends on your risk tolerance: Growth potential is there, but there is also the possibility of short-term price volatility.
Long-term potential: If you believe in the integration of DeFi and RWA, Ondo could be a good long-term holding option.
2. RNDR
Render (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain. It solves the challenge of rendering high-quality visuals by providing a way to pay for access to powerful graphics processing units (GPUs), commonly used in animation, motion graphics, and visual effects.
RNDR Token:
ERC-20 utility tokens are used to render the network.
Artists use RNDR to pay for rendering jobs submitted to the network.
Node operators receive RNDR tokens as compensation for their computing power.
Decentralized Network: Harnessing the power of blockchain technology to ensure secure and transparent transactions between artists and node operators.
Underlying technology: Rendering mainly uses OctaneRender, a powerful rendering engine to complete the work.
Potential positive effects of RNDR:
Strong Week and Apple Integration: The recent price surge indicates growing interest, and the Apple mention could provide a significant boost to adoption.
Growing demand for rendering capabilities: The demand for high-quality rendering, especially in creative industries, is expected to continue to grow.
Decentralized Solution: RNDR provides artists with a more accessible and potentially cost-effective way to access rendering power.
Staking Rewards: RNDR holders can stake their tokens, contribute to the network and earn rewards.
Is RNDR a buy for next week?
Depends on your risk tolerance: The recent price surge suggests potential, but there is also the possibility of short-term price volatility.
Long-term Potential: If you believe in the growth of creative industries and decentralized solutions, RNDR could be a good long-term hold.
3.SUN
Solana (SOL) is a blockchain platform designed for high-performance decentralized applications (dApps) and smart contracts.
Potential positive effects of SOL:
Fast and Scalable: Solana has high transaction processing speeds and low fees, making it attractive to developers and users.
Growing Ecosystem: The Solana ecosystem is expanding with the growth of various DeFi projects, NFTs, and other applications, which may drive demand for SOL.
Stakeholder Adoption: Major institutions and investment firms are increasingly exploring Solana, which indicates future growth potential.
Staking Rewards: SOL holders can stake their tokens to secure the network and earn rewards.
Possible considerations for SOL:
Competition: Other smart contract platforms such as Ethereum are also competing for market share.
Network Outages: Solana has received some criticism in the past for occasional network outages.
Centralization Issues: Some argue that Solana’s architecture is more prone to centralization than other blockchains.
Create a high-quality circle
Spot mainly
I will share some content: as shown below:
Tentative 50 people
The article ends here. I will do a more detailed analysis in the circle. If you want to join, please re-account (The Attack of Mr. Krabs)