Since the cost of Bitcoin holders in the past year is 55,000, the profit is not high, so although it has fallen, it is not a big problem, it is a normal correction. It can also be seen from the chain that Bitcoin on the exchange has been in a state of outflow since February this year. The giant whales have been accumulating funds and buying every time the price drops.


The same is true for bargain hunting funds. From February to now, the bargain hunting funds of the exchange have generally been in an inflow state. In general, the big bull market is coming, but there will be a sharp drop and shocks during this period. Everyone insists on holding the chips, patiently waiting for international repairs, overcoming short-term fluctuations, watching for rebounds, and waiting for the wind to come.


The data on CPI and unemployment benefits will be released at 8:30 tonight, which will bring fluctuations to the market. Those who have opened contracts should pay attention. CPI lower than expected is a positive, while unemployment benefits lower than expected is a negative.


6 cryptocurrencies with the potential to soar 100 times by 2025!


UN


OKB is trading at $41.14, up 1.58% in the past 24 hours. OKB has been performing well over the past 30 days, closing higher than opening 21 out of 30 days, a success rate of 70%. Currently, the token is trading close to its cycle high, indicating strong market activity.


As of October 8, 2024, the overall market sentiment remains bullish, supported by 23 technical indicators showing positive momentum. OKB is expected to trade in a wider range from $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.


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XRP


XRP is a digital currency backed by the XRP Ledger, known for fast and low-cost transactions. It is designed to be programmable, open, and resistant to censorship or counterfeiting. XRP runs on a decentralized system with no central authority, making transactions secure and irreversible. Users do not need a bank account to settle transactions with XRP.


It was created by Jed McCaleb, Arthur Britto, and David Schwartz, who launched 100 billion XRP coins. Most of them were given to Ripple, which supports the ecosystem and manages the supply through an escrow system. The name "XRP" comes from "ripple credits", highlighting its role in facilitating easy money transfers.


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NEURO


The most eye-catching memecoin on the exchange. NEIRO had a pullback this morning, but the volume of the decline was not large compared to the previous rise, and the volume of the decline gradually decreased, which shows that the selling volume is effective, mainly for retail investors to take profits, rather than the main shipments.


Therefore, NEIRO is unlikely to fall below the support level of 0.00157, and is expected to continue to rise after a period of sideways fluctuations. Moreover, the trend of $NEIRO is very healthy, and there should be considerable room for growth.


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BONK


BONK is a Shiba Inu-themed memecoin built on the Solana blockchain that has attracted attention for its unique approach to redistributing power within the Solana ecosystem. It prides itself on being a community-first token, aimed at users rather than institutional investors or venture capitalists. BONK’s association with the decentralized exchange BonkSwap adds to its utility, which sets it apart from purely speculative tokens.


As the Solana ecosystem continues to grow, BONK could be a long-term winner in the meme coin space.


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IN


The recent surge in Filecoin (FIL) prices has triggered a wave of decentralized storage. At the beginning of this year, FIL prices rose sharply from early February to March, with an increase of 138%, setting a new high of $11.85 this year. As a leader in the field of decentralized storage, FIL is regarded as a key cornerstone project in the field of artificial intelligence.


Since 2014, the InterPlanetary File System (IPFS) concept behind FIL has been committed to promoting the popularity and development of decentralized storage. According to the latest data, the storage capacity of the FIL network has soared to 1900 PiB in the first quarter of 2024, a significant annual growth rate, indicating that the network is expanding. Despite fluctuations in trading activity, warehouse utilization has steadily increased to nearly 23%, clearly reflecting strong growth in market demand.


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ABOUT


Sui is another high-profile altcoin that is also expected to hit a new all-time high during October 2024. As of the time of writing, SUI is priced at $2 and has achieved an astonishing 94.95% increase in the past 30 days.


This strong performance may be closely related to the recent launch of the Grayscale SUI Trust by the asset management company, which has brought additional market attention and liquidity to the SUI token. The demand for SUI tokens is strong, and some market observers even see it as a potential stock that may replicate the success of Solana (SOL) in this cycle.


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