Many people must have called last night's "roller coaster" of both long and short explosions thrilling. For more than an hour, the amplitude of fluctuations was close to 5%. The voice in the market was that the bull market was coming and then going.
Bullish rally or false breakout? The U.S. stock market and the crypto market usually have a linkage, and the U.S. stock market is always falling, so why can BTC rise independently?
In fact, if the dense chip concentration area of 64,000 to 69,000 is not broken, the price of BTC will be relatively stable. After six times, 60,000 US dollars has gradually become the bottom consensus. It is currently trying to impact the key pressure range of 68,000-70,000 US dollars. At the same time, the market value of Bitcoin has increased again, and the market value of other altcoins has been further compressed. In the past six months, funds seem to only love Bitcoin to keep it at a high level, while other coins are a bit miserable. Some leading coins have been cut in half. It is obvious that Bitcoin is the only one, while altcoins are not moving.
The first positive factor is the news of the postponement of the compensation of Mentougou, which may mean the postponement of the sell-off caused by the compensation. Previously, the news of Mentougou caused Bitcoin to plummet several times, and the market is more sensitive to news in this regard. The second is that Harris has made a clear statement in support of cryptocurrency. At present, her approval rating lags far behind Trump, and she may want to use this as a last-ditch struggle to canvass votes. After all, there is not much time left for the election, and she may "play big tricks" in this regard in the future, which is worth paying attention to. The third is the start of taxation on overseas investments of super-rich people, and the relevant tax rate may be as high as 20%, which in disguise increases the demand of the rich for cryptocurrencies, especially Bitcoin. The fourth is that Musk donated $75 million to support Trump. According to the Federal Election Commission documents, Musk donated $75 million to the US Political Action Committee that supports Trump. The fifth is that Bitcoin is regarded as a safe-haven asset. Recently, South Korea is the main factor. Most people choose Bitcoin as a hedge against geopolitical conflicts.
Top Meme Coins, Expected to Increase 100 Times! Start Investing!
1. BABY
PEPE is a deflationary token based on the popular "Pepe the Frog" emoji. With the continuous destruction, its scarcity and uniqueness continue to increase. In 2023, the market value of PEPE soared to an astonishing high of 1.6 billion US dollars! However, the grand occasion did not last long. PEPE subsequently experienced a correction, with a drop of 37%, causing many holders to choose to cash out. Despite this, the future of PEPE is still full of infinite possibilities and exciting.
Forecasts show that by 2025, the average price of PEPE is expected to reach $0.0000365, and the highest price may even reach $0.0000413. If the development team continues to advance the token destruction plan, the appreciation potential of PEPE will not be underestimated!
2.WLD
The price of WLD is still at the bottom, the shape is very good, plus the mining is almost zero cost, the mechanism is perfect enough, this decline can be said to be an opportunity. After several washes, it fell by 90%, but for this kind of coin that is highly controlled by the dealer, how much it rises or falls is basically determined by the dealer.
The last round of increase from 1 to 10 is not bad, so this round will probably have a good increase, such as from 2 to 16, which is also possible. WLD hides in a small exchange and secretly accumulates funds, and it will explode at the end of the month at the latest. Although MEME coins are mainstream, institutional coins will still rise.
3. THIS
Ethena has a solid foundation to scale USDe to billions or even tens of billions of dollars. As cryptocurrency stablecoins gain more market share due to international cross-border payments, it is not impossible to eventually reach $1 trillion.
The total amount of stablecoins currently held on centralized exchanges is about $38.6 billion, which is 15x the current supply of USDe. Even if only 20% (a small portion) of the supply decides that earning 5-10% on USDe is a better deal than giving it up, it would mean that the serviceable market for USDe would almost 4x grow from here. When we get there is unknown, but Ethena is my bet on the next big dream in crypto this cycle.
