Why the sudden surge? What strategy should we use now?
Brothers, get up, a big positive line, make a lot of money. After the release of CPI data, we have been bullish and have been reminding everyone to hold for the long term. Finally, we got a big result. Congratulations to the brothers who made money!
It’s still the same old saying: once a big trend is formed, it will not last only 24 hours. Most of those who are obsessed with short-term profits will sell out quickly, and those who don’t understand the trend will suffer a margin call if they short sell.
Something big happened during the few hours we slept yesterday.
Previously, the market generally believed that the Ethereum ETF would not be approved, but yesterday the SEC asked exchanges to speed up the update of the 19B-4 document regarding the spot Ethereum ETF, which means that the SEC has a chance to approve the Ethereum ETF, and the probability of approval has increased from 25% to 75%. If approved, ETH will break through $5,000.
So now everyone is scrambling to build a position in ETH.
Let’s analyze when the ETF will actually be approved?
There are two stages in the Ethereum ETF approval process: 19B-4 approval and S-1 approval. 19B-4 appears to be approved, possibly this month, while S-1 approval may take a few weeks to a few months. But in any case, it is right to expect it! When it is approved is not important, the key is to get it approved.
Yesterday, the Fed official website said that it did not see any reason to raise interest rates, so this is also a positive. US spot ETF funds continue to flow in, buying a total of 3,077 BTC.
In terms of on-chain data, BTC in exchanges continued to be bought and outflowed, and there was not much inflow of stablecoins.
Current strategy recommendations:
It is recommended to hold the value coins in your hands patiently. If your positions are too full, you can first take profit of 20% of your positions. Only long-term investment can make you rich.
Brothers who are short of stocks sent me a private message to ask what to do... It's so painful. If you buy at a high price now, you will be trapped. If you don't buy, you will have to watch the price rise. First buy some ETH at the current price, and then buy FTM, Matic, Chr, AR if they fall back by 1-2%. Now ETH is a must-have.
Top 4 altcoins with 100x returns during the big bull run:
1. FTM
Fantom's main features:
Speed: Fantom boasts a processing speed of approximately 2,000 transactions per second (TPS) with near-instant finality. This makes it significantly faster than other blockchains.
Security: Fantom utilizes a Proof-of-Stake (PoS) consensus mechanism to ensure network security while improving energy efficiency.
Scalability: Unlike some blockchains that rely on layer 2 solutions to achieve scalability, Fantom achieves this through its unique asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism. This enables the network to handle an increasing number of transactions without compromising speed or security.
Low Fees: Transaction fees on the Fantom Network are extremely low, making it an attractive option for users and developers.
On-chain Governance: FTM token holders have the right to participate in network governance by voting on proposals that shape the future of Fantom.
market Overview
Price: $0.84 — $0.89.
Market value: Approximately $2.4 billion.
2. BABY
Pepe Coin (PEPE) is a cryptocurrency that falls into the category of meme coins. It was launched in April 2023, riding the wave of popularity of internet memes, especially Pepe the Frog. Unlike many cryptocurrencies that aspire to real-world applications, PEPE is upfront about its entertainment-centric purpose.
Performance and popularity:
Rapid Rise: PEPE gained huge traction soon after its launch in April 2023, reaching a market cap of $5 billion within a few weeks.
Volatility: PEPE's price has experienced significant volatility since its launch.
Community Driven: PEPE thrives with a passionate online community that actively promotes the currency.
market Overview
PEPE Market value: $4.2 billion
3. SHIB
Shiba Inu (SHIB) is a decentralized cryptocurrency launched in August 2020 by an anonymous person or group using the pseudonym Ryoshi. It quickly became a meme coin, capitalizing on the Dogecoin craze and the Shiba Inu breed's growing internet fame. Here's an in-depth look at SHIB:
Growing Ecosystem:
SHIB Ecosystem: The project has evolved beyond its memecoin origins to develop a growing ecosystem that includes:
ShibSwap: A decentralized exchange (DEX) that allows users to exchange SHIB for other cryptocurrencies.
ShibaSwap NFT Art Incubator: Facilitates the creation and trading of NFTs (non-fungible tokens) inspired by Shiba Inu.
LEASH Token: A token with a limited supply that provides holders with exclusive benefits within the SHIB ecosystem.
BONE Token: A governance token that allows SHIB holders to participate in voting on future proposals for the project.
Destruction Mechanism: The SHIB team has implemented various mechanisms for destroying tokens, essentially removing them from circulation to increase scarcity and potentially drive up prices over time.
market Overview
Market value: approximately $14.2 billion.
4.IMX
Immutable (IMX) has positioned itself as a prominent player in the non-fungible token and digital asset space, capitalizing on the booming demand for unique digital collectibles. With a focus on NFTs, IMX provides a robust infrastructure and developer-friendly tools to meet the needs of creators and collectors. Its scalable architecture can seamlessly handle large-scale transactions, while its user-friendly interface facilitates both seasoned professionals and newcomers to the NFT space. As the NFT market continues to expand, IMX is poised to capitalize on this trend and achieve significant growth. Its ability to meet the growing demand for NFTs, coupled with its innovative technology and developer support, makes IMX a frontrunner in the NFT market with great potential for further expansion and success.
Create a high-quality circle
Spot mainly
I will share some content: as shown below:
The article ends here. I will do a more detailed analysis in the circle. If you want to join, please go to Gongzhonghao (The Attack of Mr. Krabs)