This coin is going to be very popular! Family members, you must grab this hot coin next, the certainty is very high, I have already entered the market!

What happened? Sol and WIF were suddenly hit by a huge sell-off. What happened? And what important events in the cryptocurrency circle are worth our attention? Let's follow Shuqin to find out.

The first is Ethereum, which will be the biggest hot spot in the cryptocurrency circle in the next few weeks. There are many positive factors coming, and all the smart money has already made arrangements in advance. Please see the picture.

According to the latest data from the multi-billion dollar giant MatrixPort, Ethereum's funding rate is rising abnormally without everyone noticing, reaching its highest level since May, which means that a large amount of mysterious funds are secretly building positions.

In previous years, the annualized funding rate of 18% would have pushed Ethereum to over 3,600, but now Ether is only over 2,000, so its price is likely to be underestimated by the market, and it is underestimated a lot.

It's not just the exchange data, but also the on-chain data that has shown huge changes.

The figure shows the trend of gas fee changes on the Ethereum chain over the past year. We can see very intuitively that Ethereum's on-chain activity has been declining since the Cancun upgrade in March, demand has decreased, and its currency price has also weakened.

But look at the current data.

Ethereum's gas fee has been soaring since late September, and on-chain activities are increasing, but its coin price is still over 2,000. In the past, Ethereum was 3,500 or even higher. This is a bullish divergence. If you don't know these data, it is easy to misjudge the current market.

So whether it is the exchange’s funding rate or on-chain activities, Ethereum has shown signs of resurgence, which these retail investors are unaware of.

In terms of news, the annual Ethereum Developer Conference will be held on November 12, which will lead to very strong expectations of rising prices. If you buy and hold, you can make money for free, so I have been placing more than double orders for ETH on dips, with orders near 2520 and 2570. Those who haven't entered the market yet can wait for a pullback to start getting on board.

From the K-line, Ethereum 2800 is a very critical position. It is the high point of the recent rebound and also the support of the previous decline. There is still some resistance. So if you want to be more stable or do right-side trading, you can wait for it to stand firmly above 2800 and wait for the situation to completely reverse before buying.

In addition, Ethereum’s Prague upgrade is also being prepared in full swing.

At this month's developer meeting, Tim Beiko and his team may launch the Prague 4 test network before this month, which should be the last test of the Prague hard fork. And Vitalik also released the future progress of Ethereum The Merge on his social media this week.

Therefore, October is your last chance to build a position in Ethereum at a low price. After that, the pattern of Cancun or Shanghai upgrade will be replicated. Ethereum will rise for two consecutive months before the upgrade and go straight to the sky. Therefore, you must seize this wave of market!

In comparison, Solana has been a little weak recently.

Because its largest holder, FTX, is constantly selling and selling the coins for US dollars to repay creditors. In the past three days, FTX has transferred 180,000 Sol to major exchanges for sale. And there are still 7.09 million Solana in his current address waiting to be distributed, worth 1.1 billion US dollars.

Therefore, in the next month, Sol and its ecological currency WIF may have a slightly higher trend, while Ethereum has a stronger expectation of rising, because there will definitely be a wave of rising prices at the Ethereum conference in November, which I call the free money market.

In addition, the cryptocurrency circle is now welcoming three major positive factors. The first one is that there have been new changes in the general election.

Following a sharp increase in Trump's support last week, Trump's approval rating has risen again in recent days. According to data from the prediction market P station, his approval rating has reached an astonishing 58%, exceeding his opponent by a full 16 percentage points, which is simply shocking.

What caused this huge change was the fact that Musk, the world's richest man with over 200 million fans, who personally came out to call for orders, as we talked about in the last episode. So there is a real good chance that Trump will win the election this time.

Dogecoin, which has a close relationship with Musk, is therefore full of opportunities. As long as Trump wins the election, Shuqin believes that Doge will double in value within a week without any suspense. At the same time, this will be the real explosion point that the currency circle has been waiting for for a long time, and the Bitcoin bull market will also start.

Looking back at our layout in the past few weeks, we have been reminding everyone since September that the cryptocurrency market will surge in the fourth quarter, especially the growth in October will be very amazing. Every pullback is to remind everyone not to cut losses and to bravely buy at the bottom.

We have been long Bitcoin from more than 50,000 to the current 68,000, and we have seen even greater gains in various small coins. So it is not difficult to speculate in coins. There are many rules and hot spots that we can plan in advance. So if you want to operate with me, you can take a look.

Okay, let’s continue.

Another positive factor in the cryptocurrency world is that the Bank of Japan, which has been driving the global carry trade, has begun to show signs of softening and is not expected to raise interest rates again this year.

This allowed Wall Street to borrow money from Japanese banks at an ultra-low interest rate of 0.25% for leveraged trading, which was much cheaper than US bank loans at up to 5%.

Speaking of US interest rates, the Federal Reserve will announce another 25 basis point rate cut at 2 a.m. on November 8, and will then cut interest rates by about 25 basis points in December, January next year, and all subsequent interest rate meetings.

From now on, there will be five more interest rate cuts by June next year, with a total cumulative rate cut of up to 175 basis points, and each rate cut will provide a huge boost to the capital market.

So please cherish every opportunity to cover your position in the correction, because the bull market is slowly starting. The world is flooding the market with money, so at this time, as long as we are patient and hold on to the coins in your hands, your assets will have a good chance of increasing 5 to 20 times by the end of next year.

Shuqin sincerely hopes that all the audience can hold on to the end and get what they wish for. Let’s achieve financial freedom together in this bull market, okay!