There is no need to worry about the Chinese stock market affecting the cryptocurrency world; that’s just overthinking.
First, according to the data from Triple-A, China is not even in the top 30 in terms of the number of investors. Look at the picture below. Is China in the top 30? No.
What percentage of the world’s cryptocurrency investors are Chinese? The answer is only 4.15%
Second, in terms of transaction volume. According to Chainanysis data, East Asia as a whole only accounts for 8.8% of global transaction volume, while the rest of the world accounts for 91.2%; as shown below:
So there is no need to worry about the Chinese stock market affecting the cryptocurrency world, and there is no need to imagine ourselves as the protagonist. Finally, the crypto market has a future because it is not much influenced by China and it is a truly global market. Any investment market or project that is greatly influenced by China is definitely the next A-share market, so stay away from it as soon as possible.
Overseas bigwigs on X are bullish on the entire market; if it doesn’t rise, everything will go wrong.
As shown in the picture, in the past two days, many overseas cryptocurrency bigwigs on X have been cheering for the "upcoming new wave of bull market". I have collected a few of them, all of which have hundreds of thousands of followers. Let's wait and see. After all, if the market crashes after the shouting, then everything will be in vain; so it should be a real bull market, come on everyone. 🙈🙈
This is one of the reasons why cryptocurrencies are absolutely the future of the world: Your money is not safe in any country's bank.
After Canada, the UK has also begun to fleece "foreigners". News as follows: Billionaire Bitcoin holder Christian Angermayer abandoned the UK and chose Lugano, the Swiss cryptocurrency center, and criticized the new tax plan for non-UK residents.
It turns out that tigers on any mountain will eat people, hahahaha, and fiat currencies are influenced and controlled by the rulers of that place.
Especially when you want to go from one country to another quickly without being retaliated (freezing your money), you must have a large amount of assets in the form of cryptocurrencies, just like Christian Angermayer.
It is conceivable that more and more rich people will put their money into the crypto market in the future.
1. Cointelegraph’s prediction for SOL: SOL has gradually moved higher towards the overhead resistance of $164, which shows strong demand from the bulls. Sellers blocked two previous attempts to recover at $164, so they will try to do so again. If the price sharply turns lower from the overhead resistance and breaks below the 20-day EMA ($144), it will indicate that the SOL/USDT pair could still be stuck in the lower half of the $116–$210 range. Alternatively, a breakout and close above $164 will suggest that the pair could move up to $190 and above it to the range’s resistance at $210.
Let’s talk about CZ and the United States after the fact.
First, CZ grew up in the Western system. When he was in prison, people in China said that the United States was harvesting the richest Chinese, which was very strange and out of place. CZ went to the West when he was very young, and he can basically be considered a second-generation Chinese. He also received a complete system of education in the West. For the United States, a country with a large number of immigrants, he is considered half a Westerner. There is no need to treat him as a Chinese and target him. Second, the United States is a true capitalist country. The first thing they respect is capitalists, and among capitalists they respect the strong and the victorious the most. The United States really puts the strong first. Their thinking determines that it is impossible to kill a successful capitalist; unless it is like Epstein, if he doesn't die, many other capitalists will have to die, which is really impossible.
Which assets are crypto whales buying in October for potential gains?
beincrypto September 27 By Abiodun Oladokun Daria Krasnova Whales are eyeing large assets like Ethereum, which has seen an increase in accumulation over the past 26 days. Dogecoin has seen a surge in whale activity, with net flows from its largest holders surging 134%.Toncoin has seen a significant increase in trading volume, with transactions between $1 million and $10 million up 179% in the past 30 days.Also attached are some of the bullish coins mentioned by the big names on X (September 27), as shown in the figure:
“The U.S. has been slow to move in the cryptocurrency space, and despite recent hopes, the election is unlikely to change that in the short term,” said Fiona Murray, managing director of Ripple Asia Pacific.
Murray told Cointelegraph at Token2049 in Singapore that most of the innovation in Ripple’s business happens in Singapore, not the U.S. He said a “lack of open minds” has driven many cryptocurrency founders to Asia and other countries in search of fairer conditions.
Over the past four years, Ethereum has outperformed Bitcoin on key metrics such as risk-adjusted returns and price appreciation. The volatility of both Ethereum and Bitcoin has decreased, making long-term holdings less risky than before. Ethereum’s role in the rise of stablecoins and decentralized finance makes it a utility powerhouse. If you’re managing a portfolio in today’s market and aren’t paying attention to Ethereum, you could be missing out. That’s according to Wall Street firm Fidelity Investments. Sure, Bitcoin has dominated the attention, but Ethereum has been steadily gaining ground, especially when we talk about performance, volatility, and return metrics.
Last week, when the US CPI was released (7 days ago), Gareth Soloway on YouTube said: It mainly depends on the interest rate announced by the Fed this week. If BTC can break through 61,000, it will continue to rise to 69,000.
Today it has indeed exceeded 61,000. I wonder if it will be as he predicted.
If you are new to financial management, you'd rather invest in the cryptocurrency market than in A-shares.
A healthy and benign investment market can make reasonable predictions about the projects you invest in within a certain range. For example, the cryptocurrency market, even though it is regarded as a big casino by many people, is also a casino with basic rules.
In the cryptocurrency market, you will find that paying more attention to various big names around the world is indeed helpful. Because it is a benign market, it is useful for you to pay attention to big names and learn more. (Those altcoins among altcoins, which are purely for gambling, are not within the scope of discussion).
The negative example is A-shares, where no one's analysis is useful. It makes sense that many overseas investment banks said that A-shares are a rogue fraud market without logic. Because it is basically impossible to predict based on any existing financial indicators and rules, it is seriously affected by the policies and internal manipulation of a single region.
If you continue to pay attention to the cryptocurrency big names in various countries around the world for many years, you will find that even if the cryptocurrency market is ups and downs, as long as it is a somewhat famous project, the general trend can basically be predicted. There will be discrepancies in the details and inaccurate predictions, but the general trend can basically be judged based on various indicators. Of course, this is also due to the fact that the blockchain industry itself is an overall upward industry. Even if you are a financial novice and leave your money there, the market as a whole is upward, so how can you lose money?
In addition, for any well-known project, there is basically a reason for each sharp drop or rise, which is also a manifestation of a healthy market.
Therefore, a healthy investment market does not depend on the level of risk, but on its market mechanism, market environment, and even whether the people in the market are healthy.
More than 10 years later, blockchain is still irreplaceable in the field of community currency
Today, I came across an article on Medium that was written 10 years ago in 2014, about community currency, and I couldn’t help but sigh: Over the past decade, blockchain has driven the vigorous development of community currency and has become a unique presence in this field, and there is still no one who can surpass it. Nowadays, as long as there is no technology more advanced than blockchain in the field of community currency, speculating on currency through blockchain projects will always be the best investment method. The emergence of Bitcoin is not accidental. It is the inevitable product of the world's exploration of community-based currencies. It is an excellent student that has reached the top in the field of community-based currencies. Therefore, it will continue to exist and will flourish.
FET Price Analysis FET has posted a staggering 40% gain over the past seven days, surging above $1 on Sunday to hit $1.35. However, its momentum has weakened this week, with sellers dragging down prices since Monday and buyers struggling to gain a foothold in the current trading session. FET has been bullish since August 19, posting a staggering 18.73% gain on Friday, breaking above its 50-day moving average and closing at $1.20. Bullish sentiment also prevailed over the weekend, with FET rising 4.98% on Saturday and a massive 7.74% on Sunday to close at $1.36. However, FET also faced considerable volatility on Sunday as sellers attempted to push the price down to $1.10, while buyers could frustrate this attempt. Despite ending the weekend on a very positive note, FET fell into the red on Monday, falling 2.12% to $1.33. Buyers attempted a rebound on Tuesday, pushing FET to a daily high of $1.47, but lost momentum, allowing sellers to pull the price back. As a result, FET fell 3.59% to $1.28, with sellers firmly in control. The current trading session has seen buyers and sellers fight for control. FET fell to a daily low of $1.18, but has recovered and is currently trading at $1.28 due to low demand levels.
CryptoDaily 8-28 Coin Price Analysis (2) SOL, DOGE, TAO
SOL price trend The price remained bearish on Tuesday, falling below $150 and the moving average, falling 6.55% to close at $146.92. In the current trading day, SOL is still in the red, down 1.35% and trading around $144. So, where will SOL go next? The sellers will try to push the price below $140. If this happens, it will show that the sellers have established control over the market. Dogecoin (DOGE) Price Analysis The late-night plunge on Tuesday dragged DOGE lower, breaking below the $0.100 support level and falling to $0.098, a drop of nearly 6%. In the current trading session, DOGE is slightly higher as buyers attempt to reclaim the $0.100 support level. If successful, DOGE will look to initially rise to $0.105, where the 20-day SMA may act as resistance. After breaking through this level, buyers will attempt to reclaim $0.110. However, if the market sentiment remains bearish, DOGE may fall to $0.095 or even as low as $0.090.
Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) fell sharply, with $170 million in long positions liquidated within an hour, according to data from crypto CoinGlass. This dealt a heavy blow to investors who bet that the prices of the two cryptocurrencies would rise further. Liquidations were primarily carried out by BTC and ETH investors, who liquidated $65 million and $52 million in long positions, respectively. BTC fell below $60,000 late Tuesday, down 6% over the past 24 hours. Meanwhile, ETH fell below the key $2,500 level, down more than 8% over the past 24 hours. Other cryptocurrencies, including Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Toncoin (TON), and Polkadot (DOT) also saw notable declines.
Life is so dramatic. The day before yesterday, I just said that TON is worth paying attention to because it has telegram traffic, and the founder of telegram often stands up for TON.
$TON Ton deserves attention because it started from Telegram and has the traffic base of Telegram.
Although Telegram publicly stated that its finance and operation are separate from Ton and have no interest relationship. However, the founder and CEO of Telegram has repeatedly supported TON in the media and events.
Traffic can really bring money, whether in the traditional Internet or in the currency circle.
And the founder of Telegram is obviously a person who understands traffic, otherwise he would not have made the successful project of Telegram.
Now TON is bound to Telegram's wallet. What if the financial and operational independence are independent? The traffic is not independent. Obviously, Ton is using Telegram's traffic.
Uniswap Volumes Grow 126% - Will This Help UNI Reach $12?
Uniswap’s performance declined after the market crash earlier this month, but it is now back in force.
UNI’s price has surged over the past seven days as trading volumes have increased.
UNI is trading with an 11.11% gain on the daily chart. Along with the surge, trading volumes have increased by 126% to $178.6 million.
Despite the recent surge, Uniswap prices are still below the June 2024 high of $11.5, and market analysts are hoping for a return to above $8.
The current market conditions have traders eyeing a buying opportunity, which also sets the stage for further gains for the altcoin. As a result, analyst Nite predicts a 21.62% surge in Bitcoin on their X (formerly Twitter) page,
According to Nite, if UNI stays above the $6 level, it will experience a sustained rally. Additionally, AMBCrypto’s analysis of Market Prophit suggests that sentiment for the altcoin is positive at press time.
According to Market Prophit, Uniswap has a sentiment of 0.09 and a buzz score of 0.97.
Over the past 24 hours, UNI’s price has risen by 8.8%, breaking out of a descending channel. AMBCrypto’s analysis shows that the cryptocurrency is in a strong ascending channel.
Moreover, the $6.4 simple moving average (SMA) is also above the daily price of $6.99. This suggests that Uniswap is facing buying pressure, forming an upward trend.
And the CMF is 0.15, which is positive, further indicating increased buying pressure.
Coinglass data shows that the OI weighted funding rate has been positive over the past 48 hours. This means that more traders are going long (betting on price increases).
A positive funding rate means that long holders are willing to pay a premium to hold a position.
Likewise, liquidations of long positions have also decreased from $2.6 million on August 5 to $26,000 at press time. This further proves the increased demand for long positions, with investors betting on rising prices.
Therefore, if the current market conditions remain intact, UNI will attempt to break through the previous resistance at $8. A break above this level could provide the altcoin with enough strength to rally to $12.
Analysis of multiple indicators shows that SOL has the probability of rebounding upward
Solana’s price is at a critical juncture. Solana [SOL] is seeing increasing activity in the market, trading around $140.97 at press time. Technical analysis suggests that Solana could be reaching a turning point, driven by major indicator formations and growing interest in the derivatives market. The price of SOL has fallen by 2.74% in the past 24 hours and 2.54% in 7 days, reflecting some bearish pressure in the market. Despite the recent downside move, analysts are observing a symmetrical triangle formation that could signal an imminent breakout.