There may be many reasons for the recent turnaround in the cryptocurrency market from rising to falling. Here are some key factors:
1. **Traditional market impact**: Some analysts have pointed out that investors have reduced their exposure to Bitcoin due to concerns about the impact of traditional markets, which may be a reason for the market correction.
2. **Macroeconomic concerns**: Although demand for Bitcoin derivatives as a hedging tool remains stable, people are worried that many economies may lose momentum or that confidence in the ability of governments to refinance debt is waning, which may have an impact on market sentiment.
3. **Bitcoin derivatives market stability**: Despite market volatility, indicators of Bitcoin derivatives remain very stable, indicating that the market does not have strong expectations for further declines.
4. **Bitcoin correlation with the stock market**: The 40-day correlation over the past month shows that the correlation between Bitcoin and the S&P 500 index has remained above 80%, indicating that the movements of the two asset classes are closely related.
5. **Market sentiment and technical indicators**: Despite potential selling pressure, market sentiment remains positive. Technical indicators show that the relative strength index (RSI) is 68, indicating that the upward momentum continues. The on-balance volume (OBV) data also showed strong buying activity, suggesting that further gains may be in the offing.
Regarding BabyMarvin (contract address is f9c7), the recent market performance has indeed attracted attention. It is reported that BabyMarvin rose 135% on the 21st, and now the price is still the bottom chip, and it is profitable to buy it in the near future. This shows that the currency may have a large market potential and is worthy of attention. However, it should be noted that the cryptocurrency market is highly volatile and investment should be cautious. The above information is for reference only.
The cooperation between NAVI Protocol and Ondo Finance means that the influence of the Sui network in the DeFi field is further expanding. NAVI Protocol, as a lending and liquid staking protocol within the Sui ecosystem, has become the official lending partner of Ondo Finance. This alliance is expected to accelerate the growth of NAVI Protocol in institutional-level DeFi applications.
The yield-bearing government bond stablecoin USDY issued by Ondo Finance is now live on NAVI Protocol, providing users with the opportunity to earn from multiple sources, including the yield from USDY itself and the interest generated from lending. By borrowing against USDY as collateral, users can enhance the efficiency of their capital while maintaining the original yield of USDY. Additionally, users borrowing USDY on NAVI have the opportunity to bring this asset into the Sui DeFi ecosystem, leveraging the advantages of other platforms that support USDY.
NAVI Protocol's support for USDY also means a more convenient and secure access method for real-world asset (RWA) products within the Sui ecosystem, which not only provides users with more diversified earning opportunities but also lays the foundation for integrating RWAs into Sui DeFi and implementing advanced yield strategies.
This cooperation not only deepens the range of services within the Sui ecosystem but also reflects NAVI Protocol's efforts in advancing DeFi innovation and providing a diverse array of financial products. Through such collaborations, NAVI Protocol and Ondo Finance jointly bring new financial tools and opportunities to the users and developers of the Sui network, further consolidating Sui's position as a leading DeFi blockchain platform.
In this round of altcoin market, some cryptocurrencies have reached historical highs, which is very eye-catching. Here are three altcoins that I believe are particularly worth paying attention to in a bull market:
1. **PEPE**: The popularity of this cryptocurrency has been continuously rising recently, and I have recommended it multiple times. Early investors have seized the opportunity. A large amount of smart money has withdrawn PEPE from Binance, showing a strong optimism about PEPE's future trends. Investors who bought at low prices before are now gradually seeing results.
2. **APE**: APE's price surge is shocking, and the reason behind it is clear; APE has launched its own public chain and has made a strong price push. Many people did not react in time and missed this wave of market movement. Although there were rumors that APE would enter the public chain space, its speed of action exceeded expectations.
3. **ID**: Since its launch, ID's performance has been very stable, with no significant fluctuations, and its fundamentals are very solid. With the support of Binance, ID's prospects in the privacy field are also very broad. The weekly trend is robust, making it a cryptocurrency suitable for long-term holding.
In a bull market, hundredfold investment opportunities are ready. Once the time is right, I will guide my followers to enter the market promptly. If you haven't started positioning yet, hurry up and contact me, and I will provide you with professional trading guidance to help you achieve profits steadily.
Dogecoin recently rose by 10%, sparking heated discussions about the 'Divine Candle': does Dogecoin have the potential to lead the Meme coin trend?
Recently, the rise in Dogecoin's price has attracted widespread attention from cryptocurrency enthusiasts, especially regarding DOGEN, an emerging Meme coin. DOGEN is touted as the most optimistic token in the market, with expectations of a 700% increase in the coming months. This token encourages promotion through a referral program, allowing holders to enjoy multiple rewards. Additionally, Dogecoin's recent price performance has been strong, approaching key resistance levels, and market sentiment is positive. Despite limited short-term potential, DOGEN offers a unique opportunity for investors seeking luxury and success. The recent 10% rise in Dogecoin has caught the attention of cryptocurrency fans, sparking discussions about future major movements. Now, attention is turning to DOGEN, another Meme coin that may ride this trend. This article explores the factors driving the development of these tokens and reveals other tokens that may experience growth.
The Rise of DOGEN: The Strongest Meme Token Dominating the Cryptocurrency Market When a real market storm arrives, Doge, Shib, and Floki will fade into obscurity. Let's get to know DOGEN—the wildest and most optimistic Meme token on the market. Only the strongest and most fearless holders can ride it. Huge muscles and steel balls—this is the symbol of DOGEN.
No lows, no drama—just hardcore progress toward new highs. Love hardcore? Then DOGEN is the token for you.
Frogs jump aside—DOGEN will prove who the true ruler is here. Full of energy from day one, it is expected to surge significantly by 700% in the coming months. This beast powered by Solana is ready to bring you insane, thousandfold returns.
DOGEN offers something special for its loyal followers—airdrops. Want to join? All you need to do is harness these social powers, acquire some tokens during the presale, and start recruiting the DOGEN army using your referral link. For every new recruit, you can earn 20% in gold points from their token purchases.
The surge of altcoins this round is extremely strong and will definitely cause a huge stir in the entire market!
Although we cannot assert that this will surpass historical records, it will undoubtedly shock and excite everyone. The accumulation period has been unusually long, unprecedented. In the past, the accumulation of altcoins usually lasted only a month, but this time it has lasted 2 to 3 months. This is not only a build-up of time but also a brewing of market sentiment; an unprecedented storm is forming. Before this storm arrives, the market has undergone a thorough cleansing. Looking back at the volatility of this year, investors feel lingering fears, as if they have experienced a brutal battle where a slight misstep could lead to significant losses. Especially the crash on August 5, which had enormous trading volume and extreme lack of liquidity, makes one wonder: who quietly took those chips away? It is this kind of market environment that makes me always believe that the trend of altcoins will inevitably come. I have repeatedly reminded everyone to hold on and endure this difficult period. Because only those who truly persist will prevail in this brutal battle and become the ultimate winners. Now, most altcoins are looking forward to Bitcoin hitting new highs. In this feast, those public chains preparing to launch Memes have already taken the lead, and the trio of inscriptions—ordi, sats, rats—are also stirring, seemingly ready to explode at any moment. At the same time, the gaming sector's cryptocurrencies have also welcomed an overall rise. Initially led by familiar coins like AXS and YGG, the increase has been astonishing and impressive. This is not only the rise of the gaming sector but also a carnival for the entire altcoin market. Although the Meme trend is still ongoing, sector rotation is inevitable; the time for sector rotation is coming, and preparations need to be made in advance. The bull market is emerging; if you don’t have much capital and it's not suitable to hold a large amount of Bitcoin, but you want to achieve high returns through altcoins and don’t know which coin to invest in, then observe the market and let it guide you in laying out the entire bull market.
Trump asked South Korea to pay huge military expenses, and an American editor of The Korea Herald believed that the expression "Money Machine" was not often used in the United States to refer to other countries. He believed that the word was "rude and had negative connotations." Kim Hyun-Joong, founder of ICX coin and Korean blockchain expert, pointed out that due to Trump's ambiguous wording, translating the word has become quite difficult. Hyun-Joong believes that understanding "ATM" as a tool for obtaining funds does not fully reflect what Trump wants to convey. She prefers to interpret the phrase as a "money-making machine" to emphasize South Korea's role as a stable source of funds.
The crazy altcoin season is about to arrive! Do you remember 2017 and 2021? During those bull markets, countless altcoins rose to prominence, creating many legends like $SHIB, $DOGE, and $PEPE.
Meme coins in the animal series are emerging one after another, and I particularly love Dogecoin because I've made quite a bit of money in this series!
I have always emphasized that before buying any meme coin, you must do your homework, understand it thoroughly before diving in, and avoid blindly following trends to prevent chasing highs and panic selling! This way, you can increase your chances of success.
Marvin (7055) is a coin I decided to invest in after long consideration; its community is very strong, continuously engaging in charitable relief efforts, and it has previously created hundredfold coins, accumulating rich experience and consensus!
Before, Musk mentioned 5 dogs on social media, which might be one of the reasons DOGE became one of the most stable cryptocurrencies after APE. Many are curious why, after Bitcoin (BTC) rises, other cryptocurrencies also follow with significant volatility. Here’s a historical pattern worth remembering: at the beginning of a new market cycle, Bitcoin usually rises first, and once Bitcoin stabilizes, it’s time for other altcoins to perform.
#Is BTC about to challenge the $70,000 mark?
Over the past weekend, Bitcoin has been fluctuating above $68,000, and after 6 AM today, it surged again, breaking through the $69,000 mark, just a step away from the previous high. October has clearly become the dominant month for bulls, especially with the approaching U.S. elections and escalating regional tensions, all providing a “great opportunity” for safe-haven assets. As mainstream cryptocurrencies like Bitcoin gradually stabilize, the Meme coin sector is quietly rising. Yesterday, KOL Murad in the Meme coin field posted on social media saying, “The secret to getting rich in the current cycle is to buy top Meme coins and hold them. It sounds simple, but it’s not easy in practice. You’ll be tempted by trading, possibly selling when prices drop, and then re-buying. You might be tempted to sell when prices decline, or sell too early. Bitcoin’s market dominance has reached its highest level in three years, and Meme coins will flourish.
Looking back at Bitcoin’s market dominance, according to TradingView, the current market share of BTC.D is 58.9%, the highest level since April 2021. At the beginning of 2021, Bitcoin's market share began to decline from a high point, experiencing a significant adjustment in April, then rebounding strongly in July. In September 2018, BTC.D's market share first broke through 58.9%, and although the price was still sluggish at that time, with the continuous rise of BTC.D, Bitcoin eventually emerged from the trough.
SafePal also appeared on our gainers list, with a price increase of 2.42% over the past 24 hours. As a hardware wallet, SafePal is designed to manage and protect users' digital currency assets. It is the first such hardware wallet invested in and supported by Binance. SafePal supports a variety of different cryptocurrencies, providing users with a secure platform to store and manage their assets. Currently, SafePal's trading price is $0.75269, with moderate liquidity and frequent trading activity. Although SafePal's price has only increased by 21% over the past year, its trading price is still 29.08% higher than the 200-day simple moving average, indicating potential growth opportunities.
The Polkadot ecosystem is continuously upgrading, and the two recently introduced features provide analysts with strong grounds for Polkadot price predictions. First, Polkadot launched the first test of Cross-Consensus Messaging (XCM). This technology enables asset transfers, data exchange, and cross-chain interactions between different blockchains. The characteristic of cross-chain interoperability greatly enhances Polkadot's appeal to developers and investors. Secondly, Polkadot introduced the Parathreads feature. Parathreads allow projects to access Polkadot's security and interoperability with a lower threshold, providing a more convenient way for smaller projects to join Polkadot.
Livepeer (LPT) has become one of the biggest gainers in the cryptocurrency market today, rising by 7.82% in the past 24 hours. Livepeer is a decentralized live streaming platform that uses blockchain technology to revolutionize the traditional video broadcasting industry. This platform allows users and developers to manage and enhance content production quality by providing a more efficient alternative to traditional broadcasting systems, thus driving innovation. The popularity of Livepeer is rapidly growing, offering various use cases including on-demand pay content and uncensored live news reporting, and is gradually becoming a leader in the live video streaming field.
In terms of security, Livepeer is built on the Ethereum blockchain and employs an eco-friendly Delegated Proof of Stake (DPoS) mechanism, which is more energy-efficient and scalable than Bitcoin's Proof of Work (PoW) model, making it attractive to investors.
Currently, Livepeer's price has risen to $13.13, displaying good liquidity with a trading volume to market cap ratio of 0.2559. Over the past year, Livepeer's price has increased by 134%, performing outstandingly among the top 100 cryptocurrency assets.
The presale results of Lunex Network (LNEX) are remarkable, having raised nearly $1 million so far. Enthusiastic investors have poured over $893,000 into the LNEX token presale, pushing its price up to $0.0015, a 25% increase from the initial price of $0.0012. This surge is due to investors snapping up over 695 million LNEX tokens.
The passive income potential and growth prospects of Lunex Network are the main reasons attracting traders and investors to actively accumulate LNEX tokens. This DeFi trading dApp redistributes part of its revenue to token holders, allowing users to earn up to 18% annualized returns by staking their LNEX tokens.
The multi-chain interoperability introduced by Lunex Network in the DeFi sector has led market experts to predict widespread adoption of the Lunex protocol. Traders are seeking self-custody, low transaction fees, and faster, slippage-free trading options.
Experts predict that the price of LNEX could rise by 1,800% during the presale period, and could achieve substantial profits before the launch of NEIRO and TRX coins, making Lunex Network one of the most popular crypto projects in the market.
The NEIRO coin, as a new meme cryptocurrency, aims to pay tribute to Kabosu's owner, Atsuko Sato, for adopting a new rescue dog. Its listing on tier-1 cryptocurrency exchanges, strong community support and participation, and interest from whales are the main factors driving the popularity of NEIRO coin. According to CoinMarketCap, NEIRO has a return rate of up to 41,733%. Nevertheless, the price of NEIRO seems to be pushed down by whales to around $0.0019.
The price trend of Tron (TRX) has remained stable over the past two years, rising from $0.045 in December 2022 to $0.17 in August, before slightly retreating and hovering around the $0.15 range. Although the upward trend persists, TRX's annual investment return rate is only 78%, with just a 6% increase over the past month. While TRX is a strong addition to cryptocurrency portfolios, traders seeking massive profits are turning to the most popular cryptocurrency projects like Lunex Network. Investors of NEIRO coin and holders of TRX are joining the buying frenzy for LNEX at the low price of $0.0015, taking advantage of the current growth potential in the DeFi sector. As the DeFi trading trend continues to rise, analysts believe Lunex is fully capable of capturing the market. $NEIRO
Immutable X has gained prominence in the cryptocurrency space for its ability to address Ethereum's scalability challenges. As a layer-two scaling solution, it employs zk-rollup technology, offering zero gas fees and fast transactions, making it an ideal choice for NFT marketplaces and Web3 game developers.
The IMX token drives the platform, facilitating activities such as trading, building, and minting NFTs. Immutable X stands out by improving Ethereum's infrastructure, tackling high fees and congestion issues, which are very appealing for developers seeking cost-effective and fast blockchain integration solutions.
Today, Immutable X (IMX) is performing strongly in the market, with an increase of 4.70%. The trading volume has also surged by 58.73% in the last 24 hours, reaching $47.42 million. Immutable X ranks 37th in the global cryptocurrency ranking, with a market capitalization of $2.67 billion. Over 70% of the 2 billion token supply is already in circulation, bringing its fully diluted valuation to $3.26 billion.
As the largest gaming token in the cryptocurrency space, IMX has a market cap of $2.7 billion and has risen by 9.13% in the past week. The current trading price is $1.63, showing a slight increase over the past 24 hours. The daily chart displays a descending wedge pattern, but the recent bullish trend suggests a potential breakout rebound.
Immutable X focuses on NFTs and Web3 games, with a solid technological foundation, making it a leading layer-two solution. It addresses key issues of Ethereum, becoming the preferred platform for NFT ecosystem developers and investors.
The price of APE has increased significantly, with an increase of 38.65%, and has broken through multiple key price levels. Currently, the price of APE has been sold to US$1.271, after rising rapidly from US$0.687 to a maximum of US$1.161. This price fluctuation surprised many people. Today, APE's trading volume has reached 64.14 million, showing its strong market momentum.
If the price of APE can continue to break above the $1.606 resistance, then further price gains are expected. However, investors also need to remain vigilant, as support is currently near $1.20 and a pullback could occur if the price falls below this level. Therefore, investors need to pay close attention to market dynamics in order to make timely investment decisions.
Greg Solano, co-founder of Yuga Labs, mentioned that with the launch of ApeChain and its official cross-chain bridge, users now have two bridging options: ApeChain's official Ape Portal and Stargate. This design means that if one bridging method encounters a problem, users can easily switch to another, thereby enhancing the reliability of cross-chain operations and user satisfaction.
ApeChain's cross-chain bridge brings flexibility and diversity to users, making the transfer of assets between different blockchains safer and more convenient. Users can interact with ApeChain directly through Ape Portal, while Stargate, as a cross-chain bridge protocol that supports multiple chains, provides users with an efficient way to transfer assets on different blockchains. The coexistence of these two bridging methods not only provides users with a variety of options, but also reflects ApeChain's efforts to improve network stability and protect the security of user assets.
The dramatic price surge of Dogecoin (DOGE) has made some cryptocurrency investors extremely wealthy. One of the investors is from Los Angeles, USA, and he started investing in Dogecoin in February last year.
He used all his savings to buy 5 million Dogecoins, which cost him $188,000 (about Rp. 2.73 billion). Now, the 33-year-old investor has grown significantly richer. His account balance on the Robinhood trading platform has reached $1.88 million (about Rp. 27.26 billion).
After discovering Dogecoin and doing a week of in-depth research on its pros and cons, he believed that Dogecoin was severely undervalued. So he sold all his stocks, emptied his bank account, and invested all his funds in Dogecoin. After that, the price of Dogecoin soared, and he became a newly rich man. His success story was shared by a Reddit user on the Robinhood app, who uploaded a screenshot of his cryptocurrency holdings, showing an account balance of $1.08 million (about Rp. 15.7 billion). He said on CNBC International: "Hey guys, I just became a millionaire through Dogecoin."
Dogecoin is indeed a star in the cryptocurrency market. According to Coinmarketcap, as of April 19, 2021, the market value of Dogecoin reached US$52.65 billion (approximately 763.425 trillion rupiah). The growth of Dogecoin's value is different from other cryptocurrencies. Its highest price occurred last weekend, reaching US$0.438 per coin, with a return rate of 6,000% in one year. This amazing growth has made Dogecoin the focus of the cryptocurrency market.
To find the next round of coins that may achieve a hundredfold growth in the cryptocurrency market and achieve financial freedom, you can follow the following strategies:
1. Look for projects that were launched during the bear market but have not yet experienced a bull market. Generally, lower-priced coins are more likely to become hundredfold coins, especially those with small market capitalization, innovation potential and market prospects. At the same time, pay attention to the project background, team strength, and projects with a circulation rate of more than 80%. In the big bull market from 2020 to 2021, many hundredfold coins emerged in sectors such as public chains, DeFi, and GameFi.
2. Observe the top 100 coins in the current market value, because in the next bull market, many new faces are likely to appear. If the existing top 100 projects want to maintain their position in the next bull market, they need new stories to attract investors.
3. Pay attention to the investment trends of investment institutions. Institutional investors such as Multicoin and Polychain have invested in many projects that have achieved a hundredfold growth. Projects with a circulation rate of 40%-60% have a higher probability of appearing hundredfold coins in the last bull market.
4. The unlocking circulation rate is an important consideration. Generally speaking, projects with an unlocking circulation rate of 40%-60% are more likely to become 100x coins.
5. The time when the project was established is also important. Most 100x coins were established during the bear market from 2018 to 2020, and some were established before 2017. Therefore, attention should be paid to newly established projects in 2022 and 2023.
6. The unit price of the token is also a consideration. The market prefers low-priced coins. Although the price does not fully reflect the value of the project, psychologically, investors usually prefer low-priced coins.
7. The relationship between market value and circulation also needs to be carefully analyzed. Projects with small market value and small circulation usually have greater potential for growth.
8. The industry field is also a factor that cannot be ignored. In the fields of DeFi, cross-chain, infrastructure, Layer2 and X2E, projects with strong backgrounds, strong team strength and sufficient funds are more likely to become 100x coins.
Through these strategies, you may be able to discover the next potential 100x coin, but remember that the cryptocurrency market is full of uncertainty and you should conduct sufficient research and risk assessment before investing.
In the cryptocurrency market, Dogecoin’s (DOGE) script seems to be putting on a dramatic show. In the early hours of tonight, Musk posted on Twitter, pushing the price of DOGE to exceed $0.16. Both the weekly and daily lines showed signs of a sharp pullback.
Starting from Monday and Tuesday, the market may experience a correction and the price may touch the moving average level of $0.13. Then, from Wednesday to Friday, the market may continue to adjust in preparation for further price gains before the end of the week next weekend. If this upward trend is maintained, the price of DOGE may reach $0.2 during this time.
In the coming week, the market may continue to be optimistic about DOGE, and the price will soar. With the election over, if Trump is elected, the market may fall into a state of madness, and the price of DOGE may subsequently surge to around $0.7 and fluctuate at this level. In this process, Musk may play an important role, and his tweets and support for DOGE may have a significant impact on the market.
It is worth noting that DOGE price predictions show that the price of DOGE may reach $0.1442 by the end of 2024, while it may reach a peak price of $0.4535 by 2027. By 2030, DOGE may reach $1.45 and trade at an average price of $1.21. These predictions suggest that while DOGE's price may be volatile, it is still viewed as a potential investment. However, investors should be aware of market uncertainties and manage risks accordingly.
In the cryptocurrency market, investors have varying views on the future trend of Bitcoin ($BTC). Some investors expect Bitcoin to break through the $69,000 mark and continue to rise, while others hope to see Bitcoin prices fall below $66,500, triggering a larger decline.
Seasoned investors understand that for altcoins to achieve significant growth, Bitcoin must weaken its “blood-sucking” effect, so that more money will flow to altcoins. In addition, although the United States may cut interest rates by another 25 basis points, the magnitude will pale in comparison to the previous bull market. We must realize that the fundamental reason for the current underperformance of Ethereum ($ETH) and altcoins is the lack of liquidity in the market, and all other reasons are based on this.
In the market, many people analyzed and criticized the poor performance of ETH, and some even blamed it on Vitalik Buterin’s private life. But I think these views are ignorant. Looking back at the past market, there were only a limited number of public chains and ecosystems at that time, and there was no meme concept. I believe that Vitalik wants the price of ETH to rise more than anyone else, but the reality is that the market is expanding rapidly, with more and more participants, but not enough capital injection. This results in the market not being able to develop healthily, and it is difficult to see thousands of coins flying together. accomplish.
If Bitcoin falls below the support level, giving us the opportunity to buy the bottom, can we be sure that we will make money? Isn’t it because of the breakthrough rise of Bitcoin that many people entered the currency circle? If Bitcoin really falls to 50,000, 40,000 or lower, it will lose the most basic banner of attracting OTC funds, which will only make the already depressed currency circle more difficult. Don’t always buy the bottom if it falls. Think back to this, when the price of Bitcoin was $15,000, did you buy the bottom? This kind of logic of reversing cause and effect will only disturb people's hearts. Perhaps the result of a sharp decline is that the market will never recover.
Grasping $NEIRO is the secret to your standing out from the crowd of tokens.
For a long time, new coins have caused many people to suffer heavy losses, until a meme coin called NEIRO came out of nowhere!
NEIRO is the best meme coin in this round in my mind, and my expectation for it has always been to be able to be compared with DOGE and SHIB! Now all I have to do is wait patiently, even if I won’t say anything on social media, it always quietly occupies the top of my holdings! You may have encountered too many tokens that performed poorly, but when NEIRO’s market value grew from $130 million to $1 billion, those who doubted became cowards! Like I said, you may be losing money for a long time, but once you invest in NEIRO, the situation will be different.