1) Market trends:

As long as Bitcoin pulls back, go long boldly. It would be best if it can return to 32/33, and the target remains unchanged at 38! Ethereum has started to make up for the losses today, and may continue to make up for the losses in the next three days. The gains may not necessarily be independent, and Bitcoin may fall while Ethereum may go sideways!

The market has started to pull back, and needs a short break after the excitement. During the pullback, pay attention to which stocks are resistant to declines and which ones rebound first, and are expected to become the strong leaders of the next round of market.


US stocks continued to plummet, and the performance of technology leaders fell short of expectations. The US GDP in the third quarter exceeded expectations, achieving the fastest growth in two years, and the market is worried about future interest rate hikes.


2) Market hot spots:


1. The trend of L1 ETH is weaker than that of BTC. The Cancun upgrade is likely to be postponed to the first half of next year. ETH weak stocks rebounded, and the market fell back.


2. The meme Floki and Bonk have soared. Floki was pledged to produce new coins on October 27. Bonk is a meme on Sol.
3. The prices of games such as Gala and Waxp increased. Gala launched a new P2E game called Legacy. Waxp cooperated with Amazon Games.


4. Football fan coins Santos and OG rose. Premier League Tottenham Hotspur issued fan tokens on CHZ with official authorization.


5. The prices of AI-generated art have soared. However, generative art seems to have no scarcity.

As long as Bitcoin pulls back, go long boldly. It would be best if it can return to 32/33, and the target remains unchanged at 38! Ethereum has started to make up for the losses today, and may continue to make up for the losses in the next three days. The gains may not necessarily be independent, and Bitcoin may fall while Ethereum may go sideways!

The cottage industry will continue to focus on long positions, and choose stocks with relatively small increases.


ARB is currently at 0.96. There are favorable news in the past two days. It is good to go long at 0.96. If it stands firmly above 1, the public chain is quite large!

BLUR’s current increase of 0.25 is not that big. People who have played NFT may know BLUR, which is trading sideways at a high level and continues to be bullish!

GAL1.36 is one of the 100x series I recommend. Currently, the recommended ones have increased by 30%~50%, but GAL is the only one that has not been improved yet. Be patient and wait for the explosion!

The market capitalization of the meme sector is not large, and it is also the most powerful copycat to mobilize market sentiment. When it gets crazy, it is very fierce. Continue to pay attention to Pepe. Shi B has good news in December, so pay attention!

In the game section, continue to pay attention to the previously recommended gala, mana, sand

RNDR2.16 is a very interesting copycat. I am still researching it. Maybe this coin will be in the top ten in the bull market. There are many innovations. Most people don’t understand it yet. Those who are interested should learn about it! It’s good to hold it for a long time!

Let's talk about the two star currencies that many people care about: OP and ARB

It seems that these two have nothing to do with this round of rise. Holders have concluded that these two are junk projects, resulting in a sharp drop in confidence!

ON

Since September, OP has been struggling to break through $1.45. As the market turned bearish, it plunged further in October, falling to $1.15 on October 20. At the same time, Bitcoin began to rise unexpectedly and recovered most of its recent losses. OP was inspired by Bitcoin and rebounded slowly, but has not yet broken through the pressure of 1.45.

ARB

The trend of ARB is similar to OP. This round started on the 20th and is only 20%. Just review it!

First of all, we need to understand what can drive these two coins to rise. It is undoubtedly the Cancun upgrade. The more important thing for Ethereum in the rest of 2023 is the EIP-4844 Cancun hard fork and distributed verification node technology. The biggest benefit of this upgrade is OP and ARB!

Please note!

The rise of the market this time is due to the market sentiment brought by ETFs, and the sentiment brings a large amount of capital inflow. The altcoins that have exploded in this round all have points that can be hyped. On the other hand, the current market value of OP and ARB is around 1 billion US dollars, and the Cancun upgrade has not come yet. There are not enough points for speculation, and the influx of sentiment and capital brought by ETFs is not enough. It is understandable that there is no significant upward movement. Having said so much, I want to tell you that these two are not waste, they are ready, only lack the east wind, hold them patiently, and don't fall before dawn! ! ! !

If you like it, please follow and like it~ Come to the homepage to ambush and layout together!