In the current bull market, some meme coins have shown the potential to become dark horses in the market due to their unique characteristics and strong community support. Here are several meme coins that are favored: Pepe: Pepe coin is loved by people in the currency circle because of its trading activity and rich cultural connotations. It has long been ranked in the top 15 on the popularity list, showing its popularity in the market. Turbo: Turbo coin represents grassroots culture and is a product of the combination of artificial intelligence and blockchain technology, which has iconic significance. It is favored in the European and American markets, showing its cross-cultural influence. Sundog: Sundog is the most active meme coin on the Tron chain. Among the 20 meme coins with larger market capitalizations, most of them are generated on Ethereum or other chains, while Sundog, as a representative of the Tron chain, has a unique position. With Sun Yuchen (Sun Ge) entering the SunPump platform, more people may pay attention to Sundog, making it a benchmark project. In general, the three meme coins Pepe, Turbo and Sundog have shown the potential to become dark horses in the bull market due to their unique backgrounds, community support and market performance. However, when considering these meme coins, investors should also be aware of the high volatility and risks of the market and make decisions based on their own risk tolerance and investment strategies. At the same time, paying attention to market dynamics and community discussions can help investors better grasp the potential opportunities of these meme coins. $PEPE
Binance's combination of Launchpool and pre-market is indeed very clever, and such a combination has formed a relatively monopolistic market environment to a certain extent. At present, the pre-market circulation of Scroll (SCR) is 5.5% of BN Launchpool, that is, 55 million SCR, with a total value of about US$66 million. Binance sets a position limit of 2,500 SCR (about US$3,000) for buyers, which leads to a huge difference in the depth of buy and sell orders, about 1:6, and the volume of sell orders is close to US$8 million. This position limit may give people the impression that purchase restrictions may indicate price increases, similar to the purchase restriction policy in the real estate market, but the actual situation may be more complicated. In the context of the current sluggish cryptocurrency market, the prices of other projects in the Ethereum L2 series such as $arb, $op, $strak, and $zk are relatively low. As a layer2 project with a Chinese background, whether SCR's single coin price can exceed these projects is indeed worthy of investors' deep consideration. This may mean that there is a risk of inflated prices for SCR. When considering whether to operate, investors need to further analyze factors such as the valuation of the project and the circulation of tokens to estimate a reasonable coin price. At the same time, the proper use of pre-market trading strategies can indeed bring benefits to investors, and it provides a short-selling mechanism similar to options. For example, the pre-market prices of $Zro and Eigenlayer were much higher than the opening prices, which provided arbitrage opportunities for investors participating in pre-market trading. For investors who have goods, OTC pre-market trading can be used as a hedging tool, and it can also lock in profits in advance. For investors who do not have goods, they can also participate in the market through option strategies. However, it should be noted that these operations require investors to have certain market analysis and risk control capabilities. The final decision should still be based on personal investment strategies and risk preferences. $SCR
As of October 10, 2024, Binance Coin (BNB) shows positive market performance. According to the latest market analysis, the price of BNB has slightly dropped in the past 24 hours, but the 7-day change shows a 5.20% increase, and the 30-day change shows a 10.03% increase. This shows that BNB's market performance is relatively stable and has an upward trend. Recent price analysis shows that BNB opened at $565.63 on October 8, 2024, reached a high of $585.50, a low of $561.28, and closed at $581.01, with a trading volume of $6.94B and a market capitalization of $84.76B. In addition, some analysts predict that the price of BNB may be between $300 and $600 by the end of 2024, considering the current market trends and possible developments within the Binance ecosystem. From a technical analysis perspective, BNB's 50-day simple moving average (SMA) is expected to reach $636.83 on November 7, 2024, while the 200-day SMA is expected to reach $546.46. The relative strength index (RSI) is currently at 50.53, indicating that the market is in a neutral position. Overall, despite some regulatory challenges facing BNB, its market performance still shows strong growth potential. Investors should consider market trends, technical analysis and fundamental analysis, as well as personal investment goals and risk tolerance when considering investing in BNB. $BNB
I strongly recommend hoarding BNB! This round of launchpool mining income is indeed quite considerable. According to the current pre-market trading price, the yield can reach about 1%, which is already very good. The frequency of mining seems to have slowed down recently, and the frequency of new coins on Binance has also decreased. I hope Binance can increase the number of mining activities to enhance everyone's confidence in holding BNB. I wish BNB to break through the $1,000 mark as soon as possible! In addition, regarding megadrop and bnbholder, these two projects have not launched a new round of activities for a long time. If they can launch an activity every month, then we can easily enjoy the benefits. $BNB
Akropolis (AKRO) is a cryptocurrency. As of October 10, 2024, the price of AKRO is $0.0044282 and the 24-hour trading volume is $4.924 million. In the past 24 hours, the price of AKRO has fallen by 3.12%, while the 7-day price has fallen by 1.73% and the 30-day price has fallen by 5.46%. AKRO's market capitalization ranks 286th, with a total circulation of 100 million AKRO and a total issuance of 5 billion AKRO $AKRO
$XRP XRP is a digital currency that runs on the XRP Ledger, a platform designed to be decentralized, and is known for its efficiency, low cost and security. XRP provides an innovative way to exchange money outside the traditional banking system, allowing users to trade without relying on traditional bank accounts. The cryptocurrency was created by Jed McCaleb, Arthur Britto and David Schwartz, and its initial supply was set at 100 billion. During the creation process, a major decision was to give 80 billion of these XRP to Ripple, originally named OpenCoin Inc., an active supporter of the XRP ecosystem. Ripple took on the responsibility of managing the supply of XRP, mainly by hosting most of the XRP. The core goal of XRP is to facilitate international payments. Its name is inspired by "Ripple Credit", implying that the currency can flow around the world as smoothly as the waves. Through this feature, XRP aims to become a revolutionary force in the global financial system.
$XRP Crypto Tank's comments in the XRP community have reignited the discussion about whether XRP can reach $1,000. To explore the rationality of this idea, we must first examine the current state of the global financial system, especially the role of SWIFT in cross-border transactions. SWIFT processes a huge amount of transaction information every day, with a total volume of between $5 trillion and $7 trillion, but its function is limited to messaging. The actual settlement of funds still relies on other systems such as TARGET2 or FEDWIRE, which are often time-consuming and costly. Each transaction fee can reach $20 to $50 and takes several days to complete. In contrast, RippleNet and its integrated XRP provide a solution that can greatly improve transaction efficiency and reduce costs. The entire transaction process can be completed in a few seconds, which is expected to save banks hundreds of billions of dollars in fees each year. This cost advantage will drive financial institutions to turn to XRP once they realize this potential economic benefit. Assuming that 10% of SWIFT's daily transaction volume is settled in XRP, this would involve a daily transaction volume of approximately $500 billion. Considering that large financial institutions such as JPMorgan Chase have even larger daily transaction volumes, XRP's small application in these institutions can also bring huge potential. However, in order to effectively use XRP in bank transactions, a deep liquidity pool needs to be built to ensure smooth transactions. The liquidity pool on the XRP Ledger (XRPL) enables seamless conversion between multiple currencies, but to support such high-value transactions, such as the transfer of $500 billion in value, theoretically about $1 trillion in assets are required in the liquidity pool. Given that the circulating supply of XRP is approximately 56 billion tokens, but Ripple holds approximately 39 billion of them, and many tokens are held by retail investors, large investors, and financial institutions, the actual circulation available for transactions may be relatively limited. If it is assumed that 10 billion XRP are allocated to the liquidity pool, in order to support the liquidity demand of 1 trillion US dollars, the value of each XRP will need to reach about 100 US dollars. As more financial institutions join and adopt XRP, its value is likely to increase further, and in theory there is the possibility of moving towards 1,000 US dollars.
$NEIRO Neiro’s airdrop activity and its future prospects Neiro’s airdrop activities have undoubtedly brought significant positive effects to it. First of all, such activities have successfully attracted the attention and participation of a large number of users, providing valuable opportunities for Neiro's user base expansion, while also significantly increasing its exposure and popularity in the cryptocurrency market. If the airdrop activity is properly designed, it will not only stimulate the enthusiasm of community members, but also further encourage more people to devote themselves to the promotion and development of the Neiro project, forming a virtuous cycle. From a technical perspective, if Neiro can demonstrate unique advantages or innovations at a technical level, its potential for later development cannot be underestimated. For example, if it can achieve breakthroughs in transaction speed, security or consensus mechanism, these will become the key factors for Neiro to stand out in the highly competitive cryptocurrency market. However, we also have to face up to the potential risks Neiro faces. The cryptocurrency market itself is a highly uncertain and volatile area, and Neiro's price movements are highly susceptible to multiple factors such as market sentiment, macroeconomic environment, and competitor dynamics. In addition, given the wide variety of memecoins and fierce competition in the current market, Neiro needs to continue to innovate and continuously improve its own value in order to consolidate its position among many projects. To sum up, Neiro’s later development path is full of unknowns and challenges. Although the airdrop activity has brought short-term popularity and opportunities to it, to achieve long-term stable growth, Neiro still needs to make more efforts in technological innovation, community cultivation, market expansion, and compliance supervision. For investors, it is crucial to maintain rational thinking and carefully assess risks when participating in Neiro or other cryptocurrency projects. In addition, I would also like to recommend a cryptocurrency project worth paying attention to—Musk’s Marvin. As another dog series project expected to land on Binance after Neiro, Marvin also shows great potential. For investors who are interested in learning more about the project, it is recommended to search and explore through Web3 related channels. Please note that the "Hewei 7055" mentioned here may be a specific message or prompt, but the specific meaning needs to be interpreted based on the actual situation.
$NEIRO Does Neiro still have a chance? Prediction of hot sectors in September: The most eye-catching sector in September is expected to be the meme coin field. It is worth noting that before Neiro officially landed on Binance, Chili Brother (probably a well-known analyst or community leader) had noticed the coin Neiro, and members in his community also discussed the coin. Unfortunately, Chili Brother did not conduct in-depth research on Neiro at that time. Key factors in choosing meme coins: When selecting potential meme coins, cultural background, community activity, the rhythm of operating strategies, the story of the project, and the distribution of chips on the chain are all crucial considerations. At present, with the emergence of different blockchain platforms and the subtle differences in uppercase and lowercase letters in project names, these have further increased the difficulty and complexity of investors in choosing meme coins. Strategies for dealing with missing out on meme: Even if you miss the opportunity to rise in some meme coins, you don’t have to worry too much, because for meme coins that have not officially landed on exchanges, investors often find it difficult to make up their minds to invest a lot of money. In this case, a more practical strategy is to use the fluctuations of these meme coins to exercise and improve one’s ability in on-chain data analysis, laying the foundation for more accurate investment decisions in the future.
$SHIB The SHIB token has experienced an eye-catching price surge in the past 24 hours, with an increase of up to 23%. Behind this rapid momentum, two key factors cannot be ignored: First, the astonishing increase in the token burning rate, which surged by 33,800% , the other is the positive effect brought by the positive progress of Shibarium’s layer 2 solution. Although market analysts are optimistic about SHIB's leap, they also cautiously point out that it will face extremely difficult challenges to increase SHIB's valuation to the ambitious goal of erasing two zero points and reaching a market value of US$800 billion. Climbing Mount Everest, the highest peak in the world. SHIB is undoubtedly the star of the recent cryptocurrency market. It stands out from the top 100 cryptocurrencies in 24 hours and leads the way with a 23% increase. The price has now recovered to around $0.00001895, a performance that has allowed it to regain its mid-July glory. In terms of market capitalization, SHIB has also achieved significant growth, successfully crossing the US$11 billion milestone and ranking 14th on the cryptocurrency market capitalization list, becoming the most popular meme coin after Dogecoin. Dogecoin's market value is approaching US$18 billion, continuing to consolidate its leading position in the meme currency field. SHIB's strong recovery is largely due to its built-in token destruction mechanism. This mechanism significantly reduces the number of tokens in circulation, with a daily destruction rate as high as 33,800%, and nearly 2 billion tokens have been destroyed. The move is intended to stabilize or stimulate demand by reducing supply in the market, thereby having a positive impact on prices. As of now, more than 410 trillion SHIB tokens have been destroyed, and the current circulation is approximately 583.5 trillion.
$SHIB Today, the price of SHIB coin has miraculously soared by 15%. This sudden surge instantly ignited the enthusiasm of the entire cryptocurrency market and set off an unprecedented wave of enthusiasm! I was driving, and a friend who is also keen on digital currency excitedly told me the news. I immediately checked the market on my mobile phone, and the eye-catching red increase number of SHIB came into my eyes, which instantly cheered me up. The increase of 15% is by no means a small number. I can't help but feel a complex emotion of both regret and excitement in my heart, as if I missed the moment of huge wealth growth. However, my years of experience in the currency circle have prepared me for such drastic fluctuations, but I still can't hide my excitement every time I experience it. Looking back on the history of SHIB, its growth path can be said to be full of challenges and difficulties. When it first came out, it was not favored by most people, and was even regarded as a joke, lacking recognition of its actual value. However, SHIB has gradually emerged with its tenacious spirit and strong community support. Those loyal SHIB fans spread widely through social media and organized various activities, which won more and more attention and recognition for SHIB. This kind of community cohesion has undoubtedly become a powerful driving force for SHIB to keep moving forward in the ever-changing currency circle. As for the reason for the surge in SHIB, I think it is the result of multiple factors. First of all, the entire cryptocurrency market has generally shown an optimistic trend recently. The rise of mainstream currencies such as Bitcoin and Ethereum has injected positive signals into the market and also driven up the prices of small currencies including SHIB. As a highly-watched meme coin representative, SHIB naturally attracted the attention of a large number of investors, and funds poured in, driving its price soaring. However, we should also be aware of the risks inherent in SHIB. Its price volatility is extremely large, and the market circulation is huge, which makes the price of SHIB extremely vulnerable to market sentiment and capital flows. In the absence of continuous good news support, its price may fall back quickly. Therefore, while enjoying the joy brought by the surge in SHIB, we should remain rational and cautious and do a good job of risk management.
$STRK The currency analyzed today is STRK, which has shown signs of starting up. However, it is worth noting that I (Xianxian) do not intend to buy immediately. In the market, a common phenomenon is that when even the weakest performing assets begin to show rebound momentum, this may indicate that the market may experience a correction in the short term and then embark on the journey of rising again. Especially in the current market environment, the use of leverage is generally high, which further increases the risk of operation. We need to be particularly cautious in evaluating whether this volatility is sufficient to trigger a large-scale liquidation risk if some small tokens experience a reasonable correction of about 20%. These issues are all key points that must be carefully considered before making investment decisions.
$STRK I have mentioned many times that STRK is in the stage of fund absorption. Now I will try to analyze STRK's fund absorption strategy. For its subsequent trend, whether it is a successful breakthrough or a decline after a long upper shadow, it is necessary to continue to pay close attention. It is worth noting that if there is another pullback, it will be an excellent entry time. Once $STRK can successfully break through and stand firmly above the horn line, it can be regarded as a signal of formal launch. The current situation has shown signs of being ready to move. Looking ahead, it is expected that October will be accompanied by the unlocking of pledges and the promotion of good news, which is expected to drive the price to challenge the previous high of 2.5u
LDO is currently receiving widespread support, and we are full of expectations that it will become a catalyst for a new round of market transformation! We have updated the strategy settings for LDO and expect the potential income to increase by 42.67%. Although LDO has been hovering in the low area recently and has not yet shown significant market fluctuations, this accumulation behavior near low key levels often indicates possible violent price fluctuations in the future. In particular, this build-up has the potential to trigger impulsive market moves and lead to prices reaching and possibly breaking through major resistance levels again. Last month, LDO had retested the key support and resistance area of 1.30. This test not only solidifies the importance of this area, but also paves the way for subsequent tests of the strength of major resistance levels and the possibility of a breakout. Although there are short-term factors that prevent the price from rising, we still firmly believe that LDO has the potential to break out to the upside. Currently, we are paying close attention to LDO's long-term rebound opportunities. With the price holding steady above $1, this positive sign strengthens the likelihood that LDO will be able to maintain its upward momentum and attempt to reach higher price levels in the coming period. Overall, we are optimistic about the future development of LDO and look forward to the new market changes it will bring. $LDO
$While the Meme craze in the East is in full swing, the Western market has shown an unusually calm attitude, and its focus has clearly turned to the AI sector. A week ago, Western investors were optimistic and focused on investing in $TAO. Since the low of 194U on September 7, the token has soared to 530U, achieving an astonishing increase of nearly 170%. Among the top 100 cryptocurrencies by market capitalization, Tao ranks first in terms of gains in the past 30 days. At the same time, according to data analysis provided by @CryptoKoryo, the overall performance of the AI sector has significantly outperformed other cryptocurrency sectors over the past week. In contrast, despite the strong clamor for Meme tokens within the Chinese community, the actual performance of these tokens has not been satisfactory. It is worth noting that most of the Meme tokens currently hotly discussed in the Chinese community have a market value of less than 100 million, and their short-term surge has not led to a significant rise in the entire Meme sector. Specifically, the data shows that in the past 30 days, the two Meme tokens Wif and Pepe have increased by -8% and -14.85% respectively. This performance clearly lags behind the AI sector. Therefore, it can be reasonably inferred that in the current market environment, the overall performance of the Meme sector lags behind the AI sector. $WIF
In view of the increasingly significant correction trend in the current Bitcoin market, Ethereum has not been immune. Although there has been a certain compensatory increase, its trend is gradually converging, indicating an increased possibility of a correction. The support level of Ethereum is considered to be near 2590, while the pressure level is located near 2690. It is expected that its price may form a shock trend near 2650 after a correction. Regarding the operation of WIF, we previously carried out a cover-up operation near 1.48, and then successfully implemented a position reduction operation near 1.66. Since the upward trend remained strong after the reduction, we did not rush to update the position of covering the position, but chose to retain part of the position to pursue greater potential gains. However, given that both Bitcoin and Ethereum currently have callback needs, we should follow the market trend and consider reducing positions again near 1.75 to lock in some profits and reduce the risk of holding positions. At the same time, we have initially set two replenishment positions: the first replenishment position is tentatively set at around 1.67, and the second replenishment position is tentatively set at a lower near 1.61 to cope with possible further corrections. For future operations after covering positions, we will tentatively set the position to be reduced above 1.8. The specific position to be reduced will be flexibly decided based on changes in market trends and investor sentiment. Such strategies aim to better control costs while maximizing revenue potential. $WIF
Recently, the ALT token has rebounded strongly from its lower support level, with a gain of about 65%. However, it is currently facing significant resistance at the $0.117 price level, indicating that it may face considerable challenges to break through this price level. From a technical analysis perspective, the RSI (Relative Strength Index) of ALT has climbed into the overbought area, which is a warning sign that a price correction may occur in the short term. If a correction does occur, it may be a reasonable choice to buy ALT tokens in the range of $0.066 to $0.084, as this range may provide solid support. In order to plan a trading strategy more clearly, the following is an overview of the key points: Major resistance level: $0.117, which is the main obstacle facing the ALT token to the upside at present. Buying range: $0.066 to $0.084, this range is the recommended buying area in case of a correction. Target price: Multiple potential target prices have been set, including $0.167, $0.296, $0.446, and $0.67, which reflect investors’ expectations of ALT’s future upside potential.
News released by BlockBeats pointed out that on September 23, according to HTX market data, ALT tokens achieved a significant increase of more than 20% in the past 24 hours, and the current trading price has climbed to $0.12. This price increase is likely to be closely linked to the recent positive performance of on-chain data, which reflects the market’s increased confidence in the ALT project. Therefore, it is recommended that investors pay close attention to subsequent dynamic changes in on-chain data in order to more accurately grasp market development trends and opportunities.