Bitcoin hits a new high, let’s celebrate!
After Bitcoin broke through the previous historical high of 73700u, it successively conquered the 74000-75000u level, reaching a maximum of 75407u, breaking the historical record again, with an increase of 9% in the past 24 hours.
From the K-line, Bitcoin is still on an upward trend at the one-hour level. As the election results are about to be announced, short-term volatility may intensify. It is recommended to maintain low leverage and hold spot first.
Potential Impact of the 2024 Election on Cryptocurrency:
The results of the US election may have a profound impact on the regulatory landscape of cryptocurrencies in the coming years:
Trump wins the election: As a supporter of Bitcoin and the crypto industry, Trump's policies may create a more relaxed regulatory environment for cryptocurrencies, promote innovation and consolidate the United States' leading position in the global crypto market.
Harris Administration: Harris tends to focus on economic fairness, may use cryptocurrency as a tool to narrow the gap between the rich and the poor, and implement tax policies for high net worth investors. Her direction may create a crypto environment that focuses on fairness, inclusion, and responsibility.
Regardless of who comes to power, policy choices will shape the future of blockchain, cryptocurrency, and digital finance in the United States and lay the foundation for a new era of financial technology.
Focus on election concept currencies:
Musk concept tokens: including $DOGE, $MASK, $PNUT, $PEOPLE, etc.
Trump concept tokens: covering $TRUMP, $47, $MAGA, $FIGHT, $MAGAA, $MVP, etc.
Overall, the market value of Musk and Trump concept tokens far exceeds that of Harris related tokens.
Harris concept tokens: mainly $KAMALA, $KAMA, $HARRIS, $HARRI, etc., mainly with small market capitalization.
Large-cap tokens are mostly concentrated on Musk and Trump concepts, while Harris-related tokens are mainly small-cap projects.
Today's lamb high-quality currency recommendation
1、SAGA
Market value: $324 million
24-hour volume: $121 million
As a potential project of the Cosmos ecosystem, SAGA is seen as a representative of the future. Following INJ and TIA, it is expected to become the next strong project with a growth of more than 10 times. With strong fundamental support and technical advantages, SAGA has attracted large investors to invest. Its connection in the gaming field gives it the potential to restart the game narrative, and it is particularly eye-catching as an L1 infrastructure.
SAGA initially focused on gaming infrastructure and has recently expanded into modularization. As a Layer 1 infrastructure, SAGA uses inter-chain staking technology similar to Cosmos Hub, allowing developers to easily create and launch dedicated chain "Chainlets". These chains can be elastically expanded according to different Web3 application requirements, significantly reducing development costs and time.
2、WIF
Market value: $2.458 billion
24-hour volume: $642 million
WIF is an emerging meme coin on the Solana blockchain, inspired by the popular Dogwifhat meme. As part of the trend of dog-themed tokens, WIF focuses on community interaction and entertainment, and has quickly attracted the attention of the crypto market with its virality and strong community support.
In addition, WLFI (World Liberty Financial), which is supported by the Trump family, may become a new market focus with the help of this trend. This is not only expected to drive WLFI up, but may also drive the prosperity of the entire DeFi ecosystem and further stimulate the growth of Ethereum (ETH).
3、SUPER
Market value: $631 million
24-hour trading volume: $34.3499 million
SuperVerse (SUPER) is active in two major areas: Web3 games and NFT markets. As the core of the Web3 game ecosystem, SuperVerse is committed to using blockchain technology to provide players with an immersive, user-owned gaming experience. At the same time, SUPER is not only a game token, but is also regarded as a "meme coin" due to its strong community support.
SUPER combines cultural appeal with practical applications, especially in the Play-to-Earn model and NFT fields, and has considerable future potential. In the crypto market, project success often relies on a balance between these two aspects. SUPER's gains have been significant, up 1320% on the year and up 17% in the last 24 hours.
4、PYTH
Market value: $1.322 billion
24-hour trading volume: $75,683,300
The oracle protocol Pyth Network recently reached a cooperation with the DeFi project AGDEX, aiming to strengthen the security and reliability of AGDEX by integrating Pyth's data source. In addition, another DeFi project Unipay also uses Pyth's data to provide its users with virtual credit card services based on crypto asset staking income. Through Pyth's accurate credit assessment, Unipay can provide users with on-chain credit limits and enhance the platform's credibility and user experience.
In terms of market performance, PYTH currently has sufficient chips below and stable trading data. It is expected to break through the 0.40u pressure level in the short term. If it can stand firm, the coin may continue to challenge the 0.50u resistance. For investors who are optimistic about long-term development, PYTH is a potential target worthy of attention. $PYTH $SUPER $SAGA
