What does the interest rate cut mean for the market? The most direct impact is that funds have become cheaper, and market liquidity is about to explode, which will also have a positive impact on us, and funds will flow from traditional markets into various circles.
Once the Fed cuts interest rates, market funds will surge, major asset prices will benefit, and the global economy will be revitalized. In the next one to two months, the Tether ecosystem will be the biggest gathering place for emotions, and the bull market will arrive at this time. Friends who have ambushed in advance just need to wait for the bull market to arrive, and those who are not ready should hurry up.
The following three tokens will see a 10-fold increase in value during the bull market:
ZRO
LayerZero, as a cutting-edge interoperability protocol, has successfully connected more than 50 blockchains, building a seamless full-chain application development environment for developers. The core of the protocol lies in its immutable on-chain endpoints, flexible security configuration, and permissionless executors, which together promote the freedom and security of cross-chain message transmission and promote the development of a more interconnected and decentralized ecosystem.
Currently, ZRO is trading at $4.9 with a market cap of about $5 million. In the past 24 hours, the trading volume reached $10,100, showing an 18.18% growth rate. The total amount of ZRO in circulation is 1.03 million, which has been fully released. In addition, the network has processed more than 120,000 transactions, and the volatility remains at a low level (0.3713), indicating that the market is relatively stable and the project shows a tenacious development trend despite moderate liquidity (about $27,000).
For the future, LayerZero's ZRO token is expected to see steady growth. Forecasts indicate that by the end of September 2024, the ZRO price could climb to $5.79, an increase of 20.59%. In the coming week, ZRO's trading range could fluctuate between $5.79 and $7.01, showing the potential for further gains of up to 21.13% by October 7, 2024. Overall, despite still being in its development stages, LayerZero shows impressive growth prospects with its strong technological potential and market acceptance.
EVEN
Celo, a permissionless blockchain platform featuring carbon negativity, is committed to promoting the sustainability and inclusion of the financial system. By building a diverse ecosystem, the platform has attracted many partners around the world to jointly develop Web3 dApps, aiming to broaden the coverage of financial services. Celo's vision makes it an ideal choice for developing financial inclusion applications.
Celo’s adoption rate has increased significantly recently, especially in the stablecoin space, and this trend is directly reflected in its market performance. CELO token price has increased by 3.24% in the past 24 hours to reach $0.6493, while trading volume has surged by 80% to $209 million. This round of gains was due to the positive comments from Ethereum co-founder Vitalik Buterin, who publicly affirmed Celo’s leading position in the number of daily active addresses of stablecoins, surpassing Tron.
Technically, CELO is currently trading above its 50-day and 200-day simple moving averages, a technical signal that is generally seen as a bullish sign, indicating an increase in market momentum. As a blockchain platform focused on sustainability and financial inclusion, Celo's rising adoption rate and positive market trends have laid a solid foundation for its future development.
APE
ApeCoin has recently attracted much attention for its planned launch of ApeChain. ApeChain is a second-layer network focused on promoting the development of decentralized applications (dApps) and aims to simplify the creation and distribution of digital content, tools and services. The platform aims to provide developers with a more friendly dApp building environment by lowering technical barriers and optimizing user experience.
In addition, ApeCoin has introduced Reboot Protocol and Native Yield features to simplify the dApp development process and improve profitability. These innovative tools are expected to optimize the way developers create, reduce complexity and increase potential returns by directly integrating revenue generation mechanisms into the platform.
From the perspective of market performance, the current price of ApeCoin is $0.8446, up 1.67% in the past 24 hours. In the past week, ApeCoin has shown a strong upward momentum, reaching a high of $0.89, a new high since August. In the past 30 days, there have been 15 days of upward trend, showing 50% positive market activity.
With the upcoming launch of ApeChain and the establishment of strategic partnerships with several leading companies, the usability and attractiveness of the ApeCoin platform is expected to be further enhanced, thereby driving its market adoption. ApeCoin is gradually becoming one of the best choices for investment in the current cryptocurrency market, with its focus on the wide application potential in the Web3 field and integrated innovative tools.
