Let’s talk about the subsequent market situation first

BTC’s potential to stabilize at MA120

If BTC can successfully hold the MA120 moving average, it is expected to usher in a major uptrend lasting 3 to 6 months. If this happens to coincide with the US's rapid interest rate cut policy, then it can be said that the time, place and people are all in place, and the situation is very good.

The importance of innovation

However, this time there may not be a big bull market with a general rise, but it needs new elements and new technological innovations to drive it. However, so far, we have not seen too many new highlights. Only some individual memes (memes or Internet memes) seem to have some money-making effects in the near future, but they have risen sharply without being widely spread. If the market is only keen on hyping memes, then such a market is likely to be difficult to sustain.

Market Relevance

US stocks, Hong Kong stocks and A-shares are all driven by the expectation of interest rate cuts. If these markets enter a long-term adjustment, the crypto market will also be difficult to escape unscathed. Therefore, we need to pay attention to risks in the second half, especially the uncertainty of altcoins. Bitcoin is still trustworthy in the long run.

The necessity of cash reserves

In the current tough employment environment, it is crucial to have a cash reserve. This situation may last for a long time, and having cash on hand will enable you to act quickly when market opportunities arise, thus ensuring your long-term survival.

Buy these cryptocurrencies in 2024 and get 100 times the return!

UN

OKB is trading at $42.47, up 1.58% in the past 24 hours. OKB has been performing well over the past 30 days, closing higher than its open price 21 out of 30 days, a success rate of 70%. Currently, the token is trading close to its cycle highs, indicating strong market activity. As of October 8, 2024, the overall market sentiment remains bullish, with 23 technical indicators showing positive momentum.

Looking ahead, OKB is expected to trade around $42.52 on October 9 and may see a slight increase in price in the coming days. By October 12, it may rise to $44.05, a 3.59% increase, and by October 13 it may climb further to $44.24, a 4.04% increase.

OKB is expected to fluctuate between $42.52 and $43.54 this week. By October 14, the price could increase by 2.40% to reach the upper target of $43.54. However, heading into next week, the outlook suggests a slight price drop, with the price likely to fall by 2.81% to $42.32 by October 21, 2024.

OKB is expected to trade in a wider range of $40.21 to $56.86 for the rest of 2024. If the upper target is reached, the token could surge by a massive 33.88% to $56.86.

BNB

Binance recently announced the listing of Scroll (SCR) on its Launchpool and Pre-Market platforms. Users can lock BNB and FDUSD to receive SCR airdrops within two days. Scroll is an Ethereum zkEVM layer 2 solution and is Binance’s first Pre-Market project.

The total amount of SCR is 1 billion, of which 5.5% is used for new coin mining rewards. The initial circulation at the time of launch is 190 million SCR, accounting for 19% of the total circulation.

Binance Coin (BNB) is trading at $580.36, up 0.71% in the past 24 hours. In the past year, BNB has gained 180%, outperforming 76% of the top 100 cryptocurrencies including Bitcoin and Ethereum. It is trading 9.09% above its 200-day simple moving average (SMA) of $532.14, indicating strong momentum.

BNB has been stable, rising 19 out of the past 30 days, equivalent to 63%, and has high liquidity relative to its market capitalization. According to the forecast, the price of BNB may rise by 21.22% and may reach $696.57 by November 7, 2024. The current sentiment remains bullish, with a Fear and Greed Index score of 49, which is neutral.

GateToken（GT）

GateChain is a public blockchain dedicated to facilitating the transfer of digital assets and focusing on asset security. Its native token GateToken (GT) is mainly used to pay transaction fees and stake to verify transactions and protect the network, thereby earning rewards.

GateChain provides an on-chain wallet that allows users to manage assets directly on the network without relying on third-party solutions. In addition, the platform is integrated with the Ethereum Virtual Machine (EVM), simplifying the deployment of Ethereum-based smart contracts on its network.

Currently, GateToken is priced at $8.98, having gained 1.68% in the past 24 hours. In the past year, its value has surged 147%, outperforming 67% of the top 100 cryptocurrencies such as Bitcoin and Ethereum. The token is trading 115.65% above its 200-day simple moving average (SMA), which is currently at $4.16. GateToken is trending positively, with 23 of the past 30 days showing an upward trend, accounting for 77%. Its annual inflation rate is -5.25%, indicating a deflationary supply.

The price of GateToken is expected to rise by 2.26% to $9.04. The current sentiment around the token is bullish, with the Fear & Greed Index having a neutral reading of 49. Given its stable performance over the past month and a moderate price volatility of 5.63%, GateToken could be a favorable investment opportunity.

Ripple (XRP)

While some other cryptocurrencies are still under development, Ripple (XRP) has established its market share. Its technology effectively meets the growing demand for speed in cross-border payment systems, satisfying banks and financial institutions, and therefore, Ripple is a valuable asset in the current economic system. Although the process with the SEC is not yet completed, Ripple's future seems promising. Many market participants seem to believe that regulatory clarity will make XRP a low-cost, risk-free investment with high return potential, which may offset Solana's amazing rally in 2021 and create room for greater profits.