Today, the A-share market is very lively, with the largest single-day increase in 4 years
On September 24, under a series of policy combinations, incremental funds rushed into the market, and the three major A-share indices ushered in a long-awaited surge. The Shanghai Composite Index returned to 2,800 points, reaching 2,863.13 points, up 4.15%, the largest daily increase in more than four years; the Shenzhen Component Index reached 8,435.70 points, up 4.36%; the ChiNext Index reached 1,615.32 points, up 5.54%.
On the morning of the same day, the People's Bank of China, the China Securities Regulatory Commission, the State Financial Regulatory Administration and other departments jointly delivered a "big gift package", including lowering the reserve requirement ratio and the interest rate on existing mortgage loans; creating new monetary policy tools to support the stable development of the stock market; further supporting Huijin Investment Co., Ltd. to increase its holdings and expand its investment scope; and promoting the entry of medium- and long-term funds into the market and mergers and acquisitions, etc.
The limelight in the cryptocurrency circle has been stolen. How can the leeks seize the opportunity of 100-fold coins to return to the center of attention?
The six-month-long shock and wash in the cryptocurrency circle did discourage many people, but isn’t it always like this in this circle? After prosperity comes loneliness, and only those who can endure loneliness can maintain prosperity. In the first half of the year, ETFs took off through the big cake, but as the biggest promoter of ETFs, they failed to buy suitable low-priced chips. Later, Mentougou took action, and with the selling of foreign governments, it looks really scary.
However, after the previous rate cut, the market sentiment did not reach the expected craziness, but funds from all walks of life came in. In the past week, ETFs poured in $600 million, and this was before the big brother BlackRock entered the market. But I believe that the big brother will definitely make a strong move next, and big funds will impact the currency market, which will definitely raise all kinds of emotions! Then let’s briefly talk about the potential coins that have the opportunity to get a large space when they take off!
A coin with the potential to bring the cryptocurrency circle back to the center position!
First, heal BNB.
Binance founder Zhao Changpeng (CZ) will end his imprisonment on September 29, 2024 and return to society. This legendary figure, who once topped the throne of the richest Chinese with a net worth of $94.1 billion, will surely have an impact on the cryptocurrency market when he is released from prison! As Binance's platform currency, will BNB move upward to show its welcome? Of course, this is recommended for conservative players.
Next up is the crazy MEME player who is continuing at the moment.
Last Saturday, with the participation of Chinese crypto KOL and SHIB community OG Li Ping, the Meme coin project TERMINUS, named after Musk's "first city on Mars in the future", completed the community takeover (CTO) and quickly became the focus of the market.
The launch of the TERMINUS token is closely related to Musk's Mars exploration plan. TERMINUS was released on August 15th. Until September 20th, TERMINUS's performance was mediocre, without significant ups and downs.
But starting from September 21, TERMINUS began to rise in a straight line. As of the time of writing, TERMINUS has risen by 234411.10%, a 2,000-fold increase.
It is not difficult to see the charm of meme coin. A word from Lao Ma directly drives the space to a thousand times, but this requires excellent keenness to seize the opportunity. Simply put, what comes quickly goes quickly. It is a double-edged sword. This is also the so-called proportional risk and reward. You can be the first to try it, but you cannot be the bag holder. After all, it is not difficult to see that there are market makers!
Finally, there is the old-fashioned SOL.
Solana’s price may have fallen by more than 10% in the past 30 days, but analysts are still expecting it to recover soon. In the past few days, Solana’s RSI has risen from 20 to 50, which is a strong buy signal. If Solana can regain its bullish momentum, it could target the $150 resistance level in the coming weeks.
The current price of sol is around 145. For example, the previous high of 210 still has at least 40% room for growth. The market value is still low, so the relative room is large!
