Last night, BTC surged to celebrate the Mid-Autumn Festival, which really felt like "to da moon". The crypto community ushered in a long-awaited "carnival", with Bitcoin rising by more than 6% overnight, reaching a high of $61,337, the largest increase since August 8. The reason behind this is generally believed by the market to be related to the expectation of the Fed's interest rate cut.
There may be larger fluctuations in the early hours of this morning!
The big suspense of the Federal Reserve is about to be revealed, everyone fasten your seat belts!
The Federal Reserve will release its interest rate decision at 2 a.m. Beijing time on September 19. The market generally expects the Federal Reserve to cut interest rates at this meeting.
The market is concerned about whether the interest rate will be cut by 25 basis points or 50 basis points!
But the interest rate cut is basically safe and there will be no surprises. Judging from the current news, people are looking forward to a 50 basis point rate cut. Anyway, we should make strategies for both possibilities. A 25 basis point rate cut should have been anticipated and released by the market long ago. The market may tend to rise slightly and then fluctuate and fall.
I think a 50 basis point rate cut will lead to a big rise, but a surge of more than 12% is also very difficult.
Countermeasures:
1. If Powell acts like a "brave man" and cuts interest rates by 50 basis points, the probability of a soft landing will increase greatly. We can be optimistic about risky assets such as US stocks and BTC; we can go long on all fronts! The alt season will officially start in October!
2. If Powell is still timid and cuts the rate by 25 basis points and looks at the data in the rearview mirror, then the U.S. stock market and BTC will still have a lot of troubles, and the seasonal correction law will take effect again. We can only wait until November and trade the Santa rally market.
Will there be another copycat bull market in this cycle? When will it come and in what form?
I think the key event that brings about the bull market of altcoins (note, it is altcoins. In theory, Bitcoin is already in a bull market, and the price has increased greatly compared to the beginning of the year) is neither the launch of VC projects with large financing, nor the crazy launch of meme projects by Binance, and don’t expect any so-called mass adoption projects to suddenly appear. In fact, the arrival of a bull market is only related to the enthusiasm of the funds entering the market.
If the entry funds are greater than the exit funds, the price will go up, otherwise, it will go down, and even the aunties on the street know this truth. The others are nothing more than finding some reasons for the inflow and outflow of funds to make it seem like the funds are not stupid.
The event that is really worthy of everyone's attention and waiting may be Uniswap, which has been unknown in the corner recently. Whether its governance token Uni dividend will be approved by the SEC will determine whether the copycat bull market will come.
Some people may have noticed recently that some tokens such as BNB, PENDLE, AAVE, etc., which are supported by real project income, have performed very well in the past year. This shows that the market will not miss out on truly high-quality projects, and the commercial essence of traditional business practiced for thousands of years is also correct as truth.
So what about the timing?
It is not easy to change the SEC's policies, at least not before the November election, which means there will be no bull market before November. As for after November, it depends on whether Trump can be elected and whether he can replace the current SEC chairman with someone who likes crypto. Even if Trump is elected, it will take time to pass relevant bills. In other words, in the next three to six months, everyone needs to tighten their belts and hold on. At most, Bitcoin will rise alone to drive up altcoins.
The two biggest key factors of the bull market:
The first is the influx of a large amount of funds, and the second is a powerful narrative to take over. Both are indispensable!
This round of the market is actually quite awkward. It is not like Defi in 2020 and Gamefi in 2021, which have new narratives to attract external funds. Once there is no narrative relay, Meme is the best narrative, because the market has no new carriers, and meme, a pure value consensus model, is forced to become a liquidity carrier;
I said before that a possible path is that external funds pile these meme coins to a certain height, resulting in a lack of heat and the market has to accept the mainstreaming of MEME in the short term!
The exchanges only look at the popularity and market reaction, so Binance’s move is not surprising. What He Yi said makes sense. Under such popularity, highly valued VCs are just making money, so it’s not too much to just find some undervalued ones to test the waters!
Why did the two currencies with the same name, $NEIRO, plummet while the other soared?
The contract on Binance before was capitalized NEIRO, while the newly launched spot was lowercase Neiro. The two are not the same coin, and the prices are also very different. The market thought that the spot to be launched was capitalized NEIRO, but it turned out to be a mistake, causing the capitalized NEIRO to plummet when the official news was released that lowercase Neiro would be launched. I personally tend to think that this simple mistake was intentional. Well, anyway, as secondary market investors, we only talk about the issue of returns.
Binance's lowercase neiro has risen by nearly 200 points in less than three days since its launch on bn. Will it be the next bome?
$neiro broke through the all-time high of 0.000892 this morning.. The momentum is not small..
The market value is low, so it is indeed easy to pull the price. When Binance announced the launch, the market value was over 13 million, and it instantly rose to over 70 million. You can buy it at will. It has been rising for 2 days. It has reached 200 million US dollars.
Can I still get on the bus now?
Neiro has just been listed on BN, absolutely exciting! The price surged +161.42% and is currently held at 0.0008262. The bullish momentum is very strong, pushing up to a high of 0.00089000 in 24 hours, while the 24-hour low is a shocking 0.00034034 USDT.
The rise was supported by a huge trading volume - 779.91 billion $neiro, with $10 billion traded in neiro pairs alone!
For traders watching for opportunities, the rapid rise from 0.0003118 USDT suggests that continued gains are likely.
However, if momentum slows, the next levels to watch could provide important clues to the next big move!
Today a friend asked me why the exchange listed uppercase Heyue when everyone in the community was playing with lowercase neiro. When everyone rushed to uppercase and thought there was no chance to sell lowercase neiro, bn listed lowercase spot.
Why can't retail investors beat the "dog" dealer? Because the dog dealer can see the data behind it, and will definitely not pull the cart heavy. When users stop playing with lowercase letters and rush to uppercase letters, uppercase letters will start to fall and lowercase letters will start to rise. Therefore, they cannot beat the dog dealer in the short term. Therefore, making money through investment is a cycle of making money. If you buy it for three months now, you will make several times more in the bull market cycle in half a year, instead of rising 50% and falling 50% at the moment.
Turbo and Neiro are both new coins generated in this cycle.
Neiro has surged 20 times in two days and is the meme with the smallest market value on bn. First, the uppercase dog contract fud and lowercase dog were listed to collect chips, and then the lowercase dog was listed to pull the market to make bn rich. bn indicated that in the future, it will focus on listing memes with small market value and dispersed chips. Memes are the main line of this bull market.
Although the development of the Ethereum ecosystem has not seen much improvement in this cycle, it has passed the spot ETF, which is a reliable channel for capital inflow. In the second half of this bull market, ETH is expected to explode. After all, the Ethereum ecosystem had a very good MEME coin player circle and NFT player circle in the last cycle.
When interest rates start to cut, new funds will flow into the market, but if there is no cut, the currency price may plunge in the short term, so pay attention to the risks!
Next, let’s focus on analyzing whether these new coins can be purchased at this stage?
I think most of them can’t, including the three newly launched meme coins.
First, like the previous VC coins such as Zro, the market value is too high, the market expectations are too high, and the circulating market value is small, which leads to the peak of such coins when they are launched. They will continue to depreciate after the tokens are unlocked.
Secondly, many meme coins have been listed recently. Since most of the newly listed meme coins only have popularity but lack products, they cannot generate value continuously. Once the popularity fades, the price of the coin may continue to fall. Therefore, I think most new coins, including Neiro, are not suitable for spot purchase at the current price range, and are only suitable for short-term operations and short-term transactions.
Trump mentioned MAGA2024 in his pinned tweet
One of his tweets about FIGHT caused the coin to surge threefold last night.
It is hard to say how much MAGA will rise today, but the K-line pattern looks very strong. If it can close with a big positive line today, there may be room for continued growth in the next few days.
Which 50x high-quality currencies are worth investing in for the long term to get a big bull market!
$FTM
If you want to strengthen short-term investment recently, you have to use FTM, the first public chain that came out. Most of the short-term contracts are concentrated in this kind of funds. Personally, I prefer to hold it for the long term.
$SAGA
In fact, saga is somewhat related to the game. The game narrative will return, and it will be L1. Refer to the strong L1s in the first half, and saga will not unlock tokens before April 2025.
From a technical perspective, the wash is very thorough, with the monthly line closing at the needle line for three consecutive months. Tomorrow will be a big fluctuation, and it will be an upward fluctuation.
Regarding altcoins, pay attention to the blockchain gaming sector
Despite the significant correction since April, many projects have performed well, especially YGG. Most of our members entered the market around September 2023, with a cost of around 0.31. At its peak, the currency rose more than 6 times, but many people did not exit in time. Even now, YGG has not lost money. The early entry price was about 0.23, and the cost of later members did not exceed 0.35.
Of course, some friends who entered the market at the high point around 0.8 this year are currently stuck, but don't worry. Xianxian tells you that some altcoins are worth holding on to, such as YGG, while others are not suitable for long-term holding. Whether to continue holding or not depends on the specific data of each altcoin.
Among them, BIGTIME also strongly pulled back about 70 points today, and PIXEL and other blockchain games each pulled back upward. Many people are currently trapped and very anxious, but have you ever thought that you can get your money back in a few days like BIGTIME did today? The base will increase after each rise, so there is no need to worry.
Among them, BIGTIME also strongly pulled back about 70 points today, and PIXEL and other blockchain games each pulled back upward. Many people are currently trapped and very anxious, but have you ever thought that you can get your money back in a few days like BIGTIME did today? The base will increase after each rise, so there is no need to worry.
