With the Ethereum ETF issuance approaching (as early as next week), it is expected to drive a wave of altcoins. Here are some recommended holding strategies:
Holding recommendations:
Chr, Stx, FTM, Zk
ETH and its three musketeers: UNI, ENS, SSV
It is recommended to keep funds to cover positions in case the Mentougou news causes Bitcoin to fall to $54,000 again.
Potential leader:
As the new leader of the local dog in this cycle, Pepe should have considerable hype potential in the future. A whale recently increased his position by 80 million US dollars, equivalent to 500 million RMB, which is definitely not a small fight. In addition, he also increased his position in Ondo by 80 million US dollars. Both currencies are opportunities worthy of attention. Now their prices are a good time to break the price.
We are currently facing a huge potential positive, which deserves high attention:
FTX compensation hearing: It will start in two months and is expected to return more than 10 billion US dollars to creditors. Most of these funds are likely to flow back to the crypto market, especially under the strong bull market expectations this year, forming a very large buying order.
Ethereum Prague upgrade at the end of the year: Ethereum price is expected to reach $8,000, and Bitcoin may exceed $100,000 by the end of the year.
Citi analysts predict: The Federal Reserve may start cutting interest rates from September, and it is expected to cut interest rates 8 times by July next year, which will nearly halve the interest rate. This means a super large release of money, which will bring a large amount of incremental funds to the crypto market.
The current market is just a tug-of-war, and the real take-off will be around October. With the six major positive factors of Mentougou, the release of tens of billions of funds by FTX, the US presidential election, the Ethereum upgrade, the Halloween effect and the Fed's large release of money, we look forward to a big market explosion after September.