Since the 1990s, the Federal Reserve has experienced 6 rounds of relatively obvious interest rate cuts. Each time the interest rate is cut, the economy begins to recover from recession, the stock market continues to rise during this period, and economic growth gradually recovers. If the Federal Reserve starts to cut interest rates in September, funds will flow from traditional finance to gold, stocks, and the cryptocurrency circle, which will help the stock market to recover and gold and Bitcoin will start a bull market.
Based on the above information, we can be optimistic that the bull market is still there. Whether it is a rate cut in September or October, it will have real benefits for the cryptocurrency market. Stay optimistic and don't leave the table.
I also think that the various news I see now are the butterfly that matches the market crash.
In fact, it is a cycle that goes back and forth. Last year, it rose a lot, so this year it needs a big drop, and it needs to clear leverage contracts, etc.
There will be a black swan in every bull market, 94, 312, 519, and I hope that today's 805 is the opportunity to start the bull market. With the golden September and silver October season, maybe the bull market is really on the way. After observing the rebound in the past two days, the following coins have the characteristics of fast rebound and high increase, and we can focus on their layout.
These 5 coins have the fastest rebound potential, the highest consensus, and will definitely increase a hundredfold in the bull market!
1.LINK
With the resurgence of DeFi and the growth of tokenization of real-world assets, oracles are becoming increasingly important. They connect blockchains with data from the outside world, such as stock or cryptocurrency prices, sports scores, or house values. So far, the leading oracle is Chainlink.
LINK’s data feeds are essential for getting pricing right when tokenizing an asset. They can be pre-programmed into new smart contracts or easily added to existing ones. You can even automate your smart contracts to make them run seamlessly and be decentralized and trustless. These features are essential for early cryptocurrency adopters.
Chainlink is a perfect combination of a hot category (tokenization of real-world assets) and a leader. Hot narratives always perform better in the crypto space, and leading projects within those narratives perform the best.
2.ETH
It’s easy to forget that Ethereum remains the world’s largest and most widely used Dapp ecosystem, and for good reason. Ethereum completed its ETH 2.0 upgrade this year, which reduced congestion by switching from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) consensus mechanism.
Ethereum is at the forefront of DeFi and Dapp innovation, with most networks today supporting EVM Dapps. As a result, Ethereum creators enjoy the highest level of interoperability and flexibility in the market. In addition, they have the deepest liquidity.
Ethereum continues to expand its functionality, and the introduction of L2 solutions has helped the platform remain competitive, even in the face of more powerful options. Ethereum has one of the most active communities, with the project's co-founder Vitalik Buterin speaking at the highest-level blockchain events around the world. Those seeking a reputable and established altcoin need look no further than Ethereum.
3.MNW
Unlike many hyped tokens, Morpheus.Network solves some of the biggest challenges facing the supply chain - lack of transparency, difficulty predicting demand, unexpected delays, rising risks and increased costs. It has worked with some big companies such as Coca-Cola and Sobeys. Notable clients include Vitalcan, Coca-Cola, FCL, Gulftainer, Google, Microsoft, DHL, etc. Governments such as Brazil, Uganda and Argentina have requested that the platform be used as a blockchain solution for agribusiness.
The SaaS-based middleware platform automates the supply chain by integrating emerging technologies with traditional systems such as blockchain, IoT, RFID, AI, and ML. It helps improve visibility and traceability while reducing costs and risks. Since channels are tracked in real time through the Masternodes infrastructure, they can be more efficient and productive.
Their recently launched Trust.Supply platform aims to provide a secure, efficient and transparent environment for financial and logistical transactions. By integrating smart contracts and blockchain, they aim to automate and optimize supply chain processes, making them more efficient and less costly.
4.AKT
As volatility rises in the cryptocurrency space, Akash Network’s price has increased by about 1% with a trading volume of $20.257 million. However, the price has fallen by 15.62% in the past 7 days and 32.23% in the past 30 days.
The Moving Average Convergence Divergence (MACD) shows a continued decline in the red histogram, with its average showing a continued downtrend on the 1D timeframe. Additionally, the SMA indicator acts as resistance on the price chart, suggesting mixed sentiment.
If the market sustains AKT price above the support at $2.250, the bulls will be ready to test its overhead resistance at $4.240 in the coming weeks.
5.THETA
THETA price has increased by 3.85% in the past day and has remained above $1. In addition, with a circulating supply of 1 billion THETA tokens, it ranks 57th on the global cryptocurrency rankings with a market capitalization of $1.127 billion.
The technical indicator MACD shows a continued rise in the red histogram, and its average shows a continued downward trend. In addition, the EMA 50-day is acting as resistance on the Theta Network price chart, indicating that the price will continue to fall this week.
Assuming a bullish reversal, in this case, THETA price will regain momentum and test its overhead resistance at $1.975. However, if the bears continue to retain strength, the Theta Network cryptocurrency will retest its lows at $0.930 in the coming period.