Black swan factors continue to increase, and uncertainty in the cryptocurrency market is skyrocketing. What should we do next?
BTC fell by less than 2%, and other altcoins were in disarray. When the Chinese woke up in the morning, there was another panic sell-off. The recent market conditions have been too difficult and painful. BTC has been falling for half a month, and many altcoins have fallen by more than 30%.
Retail sales data will be released at 8:30 tonight, with an expected 0.30%. Higher than expected is bearish, lower than expected is bullish
The possibility and signs of a black swan that could lead to a sharp drop:
There was a net outflow from ETFs yesterday, and ETF funds have been running away for three consecutive days.
U.S. stocks are at high levels and may pull back.
Mt.Gox is on the verge of success.
Putin visits North Korea as international conflicts continue.
The trend is still uncertain, and there are a lot of black swans along the way!
According to the plan, we were waiting for a rebound this week to reduce our positions, but there was no rebound at all, so if we make a rational judgment, we will reduce our positions to 30%, and then only use 30% of the funds for fun. When the panic selling is released and the market continues to fall sharply, we will enter the market again and may be able to buy more coins (if the coins you hold have been halved, don’t take the risk, the price won’t fall much and you won’t be able to buy much)!
Buy the bottom of these 3 cryptocurrencies that have exploded 100 times and make you rich in the bull market!
SEK 1 million
Maker is the governance token of MakerDAO and the Maker Protocol, used to vote on the organization's operational decisions. Both are based on the Ethereum blockchain and allow users to create and trade the DAI legal-collateralized cryptocurrency.
MakerDAO recently added the Direct Deposit DAI Module (D3M) to Spark’s MetaMorpho Vault, creating a decentralized financial system. This will enable Spark to provide 500 million DAI to Ethena’s USDe/sUSDe market pegged to DAI.
Additionally, MKR is trading at $2,186 at press time. The token’s Fear & Greed sentiment is currently neutral, with the Fear & Greed Index reading at 71 (Greed).
Moreover, the token price is 34.46% above its 200-day simple moving average (SMA) of $1,747.94. Its volume-to-market cap ratio is 0.0475, which implies high liquidity.0475.
Moreover, its current market capitalization is $2.18 billion with a 24-hour trading volume of $103.57 million. The 14-day relative strength index (RSI) is 58.74, indicating a neutral position with the potential for sideways trading.
2.TON
The TON blockchain has experienced significant growth, with its total value locked (TVL) reaching $609.78 million today.
This new TVL is up from $300 million three weeks ago, according to DefiLlama. The growth was primarily driven by the TON Open League, which incentivizes user participation and project involvement through large rewards.
Additionally, growing interest in meme coins has boosted activity on the TON decentralized exchange (DEX), which has gained attention as the preferred platform for Telegram to integrate Web3 technologies.
Recently, the price of TON tokens hit a new all-time high (new high) of $8.24, briefly exceeding $8 before experiencing a correction. Currently, the token is trading at $7.45, down 1.95% in the past 24 hours.
Despite this, the token has surged 10.16% over the past week. Moreover, market sentiment towards TON remains bullish, with the Fear & Greed Index reading at 71 (Greed). Furthermore, the token continues to trade above its 200-day simple moving average.
In the past month, TON has had 15 trading days of positive performance, indicating strong market sentiment and increasing user participation, making it a strong candidate for future market uptrends. This reflects the growing demand in the cryptocurrency market and the potential for further growth.
3. MERL
Merlin Chain is the largest Bitcoin layer 2 protocol by total locked value (TVL). The project is committed to making Bitcoin interesting again by empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer2 network. It integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud prevention module into its ecosystem.
Merlin Chain has experienced explosive growth since its launch, with a cumulative total locked value of over $3.8 billion. The team behind Merlin, Bitmap Tech, is a top OG team with a total market cap of over $500 million. This strong team has built an active platform with over 200 native DApps.
Despite losing momentum in the past 24 hours, the coin is still trading 36% higher than its 72-hour price. MERL is trading 57% above its 200-day simple moving average. Moreover, bulls are in the driver’s seat, while the Fear and Greed Index of 78 suggests that the coin will soon regain its all-time highs.
Meanwhile, Merlin Chains’ recently launched native token $MERL is of great significance to the Bitcoin network. This has driven the rapid growth of decentralized applications (DApps) in various fields such as decentralized finance (DeFi), games, and social platforms. In addition, Bitmap Tech’s BRC-420 “Blue Box” series has become one of the hottest assets on Ordinals.
This entry into major exchanges demonstrates the strong growth momentum of Merlin Chain. It also shows the strong support of the community, which plays an important role in the development of Merlin Chain. Therefore, investors who want to invest in innovative layer 2 solutions can consider MERL.
