On the last day of the National Day holiday, Bitcoin approached $64,000, and Ethereum returned to $2,500, with the bottom price rising continuously! The opportunity is right in front of you, and the dealer has paved the way for you. Don’t miss this opportunity to get on board!
On October 10, pay attention to the release of US CPI statistics
The cryptocurrency market is waiting with bated breath for the upcoming release of the US Consumer Price Index (CPI) data this week! Amid dismal US jobs data and waning market confidence, investors will be watching these figures closely as they are crucial in revealing inflationary pressures in the economy.
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Although stronger-than-expected non-farm payrolls data may prevent the Federal Reserve from cutting interest rates by 50 basis points as expected, a 25 basis point cut is still a possibility.
The CPI is an important indicator for the Federal Reserve to formulate monetary policy. The market predicts that the CPI will drop to 0.1% in September from 0.2% in August, while the year-on-year inflation rate is expected to drop from 2.5% to 2.3%.
Core CPI is expected to fall to 0.2% from 0.3%, but core CPI will remain unchanged at 3.2% this year.
If inflation data falls, market sentiment may improve, driving the cryptocurrency market higher; but if inflation data is higher than expected, the market will face greater selling pressure.
Today’s top crypto news:
Polls show that nearly half of American voters prefer candidates who support cryptocurrency.
5 types of altcoins surged 100 times in the bull market!
1.DOT
One of the brightest stars of the cryptocurrency market — Polka Dot (DOT) — is working to enhance the potential of existing blockchain networks.
This innovative project proposed by Ethereum co-founder Gavin Wood focuses on solving the critical problem of interoperability between blockchains.
WikiPolkaDot's multi-chain structure brings together many independent blockchains that work together to pursue a common goal. Despite the risk-free investment, the expected returns are exciting.
With an ambitious team, real application cases and forward-looking infrastructure strategy, Polkadot will undoubtedly become one of the cornerstones of future blockchain technology!
2. SHIB
Shiba Inu Coin (SHIB) has grown from a joke coin to a “Dogecoin killer,” earning a solid position in the cryptocurrency market.
The key turning point in all this was the launch of Shibarium, a layer 2 solution that not only significantly reduced transaction fees but also optimized user experience.
With the arrival of Shibarium, Shiba Inu Coin is transforming into a comprehensive DeFi, NFT and DEX project, moving away from the image of a simple meme coin.
In addition, the launch of ShibaSwap allows users to easily perform token swaps, hold returns, and provide liquidity.
SHIB has become one of the most active currencies in this field, attracting millions of loyal fans and showing great potential and vitality!
3.CFX
The A-share market will open tomorrow. After a seven-day holiday, both old and new investors have prepared their funds. After the holiday, the A-share market is bound to usher in a wave of growth!
For investors in the cryptocurrency circle, those who have not yet made a layout can seize the opportunity, especially those who are confused about the stock market but do not want to miss this wave of craze.
Personally, I think CFX is an excellent choice for layout! The current price range is very suitable for buying. Domestic funds have recently flowed into the financial market. As the leader of domestic concepts, CFX is expected to usher in a wave of strong speculation. The target price is above 0.2, which is definitely not to be missed!
4.WIF
As the meme coin led by dwf, wif is in a very strong position. Once the market starts to rise, wif will be the brightest star in the night sky!
In a state of being far ahead! Follow the general direction of the market, and then choose weak currencies in the downward trend! Choose strong currencies in the upward trend!
It is a force that cannot be ignored in the future development of the Internet. Its project vision is very clear, which is to build a decentralized Internet.
WIF has good technical strength and team background, and the market's attention is gradually increasing. It is a coin that can be invested in the medium and long term and is suitable for patient investors.
5.TON
TON is a very practical digital currency. Its strong technical foundation and the driving force of the team behind it indicate that it has unlimited potential in the future. The current price is still in a reasonable range, suitable for moderate accumulation of funds, and TON is more inclined to medium- and long-term layout.
Although it is still unknown whether TON can become the next SOL, as the fourth largest public chain, TON is undoubtedly a target worthy of long-term investment.
Its technical foundation is solid, and its ecosystem is expanding, covering not only trading functions, but also many DeFi and DApp projects are being implemented on TON. In addition, the popularity of MEME on the TON chain is also continuing to rise.
The current price is around 5.3, which is an ideal time to add positions. With the strong support of the team behind it, TON is expected to go further and it is definitely not to be missed!
