Smart money is taking action! These two coins will have significant positive news, the news is reliable, and they will soar soon!
Oh no, Solana encountered a major potential negative on the eve of the conference. Will it survive this time? And what will happen to Bitcoin next? Let's follow Shuqin to find out~
First up is the AI sector, which has another big news. The new OpenAI model that we talked about many times in the past few weeks is finally coming out.
According to multiple media reports, this large AI model code-named Strawberry General will be launched within two weeks. By then, coins such as Fet and Render in the AI sector will surely see another surge in value.
So many people are wondering why the Apple conference ended yesterday morning, but Fet is still rising?
It was because of this sudden hot spot that forcibly changed its trend. Shu Qin also promptly notified everyone in the square two days ago: the situation has changed, don't go short anymore.
Even now that Fet has a pullback, we can still buy on dips. I have placed some buy orders near 1.3 to cover my position. I am very Buddhist and will add to my position if it doesn't go down.
Therefore, you must stay well-informed in the cryptocurrency circle. When the market develops in a direction beyond your expectations, there must be other situations that you have not yet learned about.
In addition, there was another sudden incident in Solana recently that made me very worried.
Recently, it started to rise again because of the Solana annual conference on September 20th that I talked about last week. I believe that many friends who watched the show got on board and made a lot of floating profits. But now, its market engine PumpFun may be banned from use by US users and may even be sued by the SEC. Please see the picture.
Just recently, PumpFun issued a warning on its social media, saying that if you are an American, please avoid using PumpFun in the next 48 hours, and also emphasized that a storm is brewing.
I think this matter actually has a big impact, because the reason why Solana is what it is today is supported by Dogecoin. People buy Sol to mine gold on its chain, which is its most important demand at present.
In fact, most of the Dogcoins on his chain are deployed using PumpFun, allowing retail investors who do not understand smart contracts to issue their own Dogcoins with one click. On average, more than 5,000 Dogcoins are issued on his platform every day. This platform has even collected hundreds of millions of US dollars in transaction fees this year. Just imagine how large the amount of coins it issues.
Solana users are mostly North American users. If the SEC really bans PumpFun, Sol’s uncertainty will increase significantly. The SEC does have a reason to investigate it. After all, the United States does not even allow leverage, not to mention this more dangerous dog platform. Many bad guys drain the pool and the retail investors’ money is instantly reduced to zero. It is not an exaggeration to say that it is a robbery.
But you don’t have to worry too much. At least the Solana conference before the 20th is a relatively clear positive factor, and the probability of Sol rising is still very high.
Even if PumpFun fails, there will be other similar projects to take its place.
Okay, after talking about small coins, let’s take a look at the situation of the overall market.
I don’t know if you have noticed that the current trend is exactly the same as that in 2019. At that time, Bitcoin also fell for several months, but it has been rising sharply since October, rising to more than 10,000 points in February.
So according to this market situation, Bitcoin has basically fallen to the bottom, and I think the bull market is not far away. And it also conforms to the consensus of our cryptocurrency circle that it will rise in October, so September may be your last chance to get on board in your life.
In fact, I have seen many big whales buying at the bottom recently. For example, this person transferred more than 2,000 bitcoins from Coinbase to his cold wallet, which is worth 120 million US dollars.
There are still some uncertainties as to whether the current price of the currency is at its lowest point, but compared with the price of 70,000 Bitcoin a few months ago and 150,000 Bitcoin next year, 50,000 Bitcoin is definitely a bargain now, and the big whales are buying in large quantities.
So don’t wait until the price starts to rise before entering the market, it will be too late by then.
As for small coins, I am still firmly increasing my holdings of Pepe and a small amount of Floki, because Bitcoin can give you a maximum increase of 3 times, but Meme coins have the opportunity to give you 10 times or even higher returns in a bull market. 10% of my holdings are Dogecoin, and after the bull market starts, I will slowly adjust my holdings to more than 20%.
Speaking of local dogs, people, we really made a lot of money in the past two days, right? We escaped the top + shorted, and gained both long and short profits. It was so cool.
In addition, we also successfully shorted Ethereum at 2400, and it pulled back to 2280 yesterday, which is very good.
Let alone Fet. We mentioned OpenAI's strawberry model a month in advance on August 9 that OpenAI would release a new model. The screenshot is proof that Fet was only 80 cents at that time, but now it has increased by more than 60%, leading the market by a full month.
In addition to the BNB upgrade in late September and Zhao Changpeng's return to the throne, it has finally started to work today. So in the currency circle, as long as you can see the hot spots in advance, you can earn unexpected benefits that others don't know. So if you want to operate together, you can take a look. Benqin updates the operation of each currency in real time every day.
Okay, let’s continue.
A very important indicator for the future rise and fall of the cryptocurrency market is whether its funds are flowing out. The red line in the picture is the USDT in the cryptocurrency market.
Its circulation is still in a very healthy upward trend, which is a huge deviation from the current price of the coin which has fallen to 50,000.
Therefore, hot money in the cryptocurrency market has never left the market and is still pouring in. The current low price is entirely caused by people's panic, who are waiting and watching on the sidelines and dare not enter the market. When the market breaks through later, these funds will go out to buy again.
And Bitcoin also has the capital to move towards higher prices.
Because you see, when the market value of USDT was only about 100 billion, the value of Bitcoin was 74,000. Now it is 120 billion. This Bitcoin has the potential to have a price of more than 90,000.
In addition to what we have analyzed before, the seller risk index is now close to 0, which is the bottom of the big cycle, so Benqin believes that the remaining weeks of September will be the final wash-out, and by October, all problems will no longer be a problem!
Finally, don’t forget to follow us, let’s achieve financial freedom together in this bull market, okay!