As of October 27, the data statistics for BTC, ETH, and TON on the TrendX platform are as follows:
The discussion count for BTC last week was 12.74K, down 12.59% from the week before; last Sunday, the price was 68,532 USD, up 2.13% from the Sunday before.
The discussion count for ETH last week was 3.96K, up 9.21% from the week before; last Sunday, the price was 2,520 USD, up 1.69% from the Sunday before.
The discussion count for TON last week was 906, down 15.43% from the week before; last Sunday, the price was 4.99 USD, up 0.83% from the Sunday before.
As the 2024 U.S. elections approach, investors are increasingly focused on market dynamics, especially the prospects of cryptocurrencies like Bitcoin. Bitcoin's price has broken through 69,000 USD, and market expectations for its continued rise are growing. Trump's campaign prospects look promising, and the potential policy support could bring hope to the crypto industry, attracting Wall Street investors. Against this backdrop, more individual investors are starting to leverage AI trading tools to seize investment opportunities.
Trump leads in approval ratings for the U.S. elections; what are the related favorable targets?
With only two weeks left until the U.S. elections, the scales of victory appear to be tipping in Trump's favor. The probability of Trump's victory on Polymarket has risen to 64.5%, leading Harris by nearly 30 percentage points. Especially to campaign for votes, the naturally popular Trump was spotted at McDonald's, temporarily working as a fries server, which sparked widespread discussion online.
Currently, Trump's advantages are exciting most of his peers in the crypto industry. During the 2024 campaign, the Trump team proposed to strengthen the U.S.'s leadership in global cryptocurrency regulation. This supportive stance brings significant positive information to the market, with many investors believing that if Trump is re-elected, it could bring more policy support and development space for the cryptocurrency industry.
Recently, Goldman Sachs, JPMorgan Chase, Deutsche Bank, and others have collectively voiced that Wall Street's 'smart money' is starting to go all in on 'Trump trades.' This refers to a series of investment operations based on expectations of Trump's policies, usually including shorting long-term treasury bonds, going long on cryptocurrencies, and investing in higher-risk stocks, such as small-cap stocks.
Let's summarize the recent favorable targets related to Trump and their dynamics:
MEME series
Trump concept coins: FIGHT, TRUMP, STRUMP, MAGA, TREMP, DMAGA, FREE
Musk concept coins: DOGE, TERMINUS
NFT series
The first series 'Donald Trump Digital Trading Card'
Second series: 'Trump Digital Trading Cards Series 2'
Third series: 'MugShot Edition'
Fourth series: 'America First Collection'
World Liberty Financial (WLFI)
WLFI is a crypto project initiated by the Trump family that will build lending services, including a credit account system based on Aave and the Ethereum blockchain, as well as the cryptocurrency WLFI.
On October 15, the project conducted a public sale, showing that the raised funds exceeded 12.5 million USD, with the Trump family set to receive 75% of the project's net income.
Previously proposed to launch on the Ethereum mainnet using Aave V3, WLFI also plans to allocate 20% of the protocol interest to the Aave ecosystem reserves.
Sandy Peng, co-founder of Scroll, has become an advisor to WLFI, and the project also plans to expand to Scroll.
StakeStone is a full-chain LST liquidity protocol. On October 15, StakeStone announced a liquidity partnership with the Trump family's crypto project WLFI.
Bitcoin's price has broken through 69,000 USD; will it continue to rise?
Bitcoin's price has recently rebounded, breaking through 69,000 USD, with increasing market expectations for a new bull market. The reasons for this price rebound can be summarized as follows:
Market confidence is recovering: Investors are regaining confidence in Bitcoin as a safe-haven asset.
Institutional investment is increasing: The approval of ETFs has brought a significant influx of funds into the market.
Federal Reserve rate cuts: Rate-cutting policies have boosted investment enthusiasm.
Decreased supply: Bitcoin's fixed supply and halving mechanism support price increases.
The market generally believes that Bitcoin spot ETFs will become a key factor driving Bitcoin prices and the overall crypto market in 2024. According to Glassnode, approximately 70 billion USD is expected to flow into the market through these newly launched Bitcoin ETFs. Additionally, the market's optimistic expectations regarding the Federal Reserve possibly lowering benchmark interest rates may further boost cryptocurrency prices. Some analysts predict that by the end of 2024, Bitcoin's price could reach as high as 110,000 USD.
Using AI trading tools to more accurately seize investment opportunities
In the second half of 2024, beyond the uncertainties of the U.S. elections and global financial markets, the rapid development of blockchain and artificial intelligence technologies will also create new opportunities for investors. For individual investors, facing so many complex factors, choosing efficient and reliable investment tools becomes particularly crucial. With advancements in artificial intelligence technology, AI trading tools are gradually becoming important in financial markets. Here are the important roles that AI plays in trading:
Data analysis: Analyzing market data, predicting trends, and assisting decision-making.
Risk assessment: Monitoring risks, forecasting extreme events, and optimizing risk management.
Investment advice: Providing personalized investment advice and consulting services.
By comparing the different dimensions of AI trading and conventional trading, the immense potential and advantages of AI in the trading field are clearly demonstrated. It covers multiple key aspects such as market analysis speed, decision-making processes, risk management, market response efficiency, learning and adaptability, trading costs, execution time, and profitability, revealing how AI can enhance trading efficiency and profitability while reducing risks and costs through automation and intelligence.
In today's fast-paced financial markets, AI-assisted trading is gradually becoming the new favorite of investors and traders, with many AI trading projects, such as TrendX, performing exceptionally well.
TrendX is an innovative trading platform that combines artificial intelligence technology, focusing on predicting market trends and executing trades automatically through AI to help investors optimize returns. Its AI advantages lie in powerful data processing capabilities, intelligent algorithms, and automated trading strategies, enabling users to seize opportunities in rapidly changing markets.
AI-driven market trend prediction: Utilizing big data and machine learning to automatically analyze historical and real-time market data to predict trends and capture trading opportunities in advance.
Intelligent automated trading systems: Providing AI automatic trading functions, where users set strategies and the system automatically executes trades based on market changes, improving efficiency and accuracy.
Personalized investment advice: Providing customized investment strategies based on users' investment preferences and risk tolerance to optimize portfolios and achieve stable returns.
Risk management and forecasting: Real-time monitoring of market fluctuations and risk factors, issuing timely warnings to help users avoid potential risks.
Research report
Summary
The year 2024 will still be full of uncertainties, with global political and economic patterns and technological innovations driving rapid market changes. Looking ahead to the future bull market, as cryptocurrencies like Bitcoin continue to rise and potential policy support emerges, market confidence will further strengthen. As investors, we need timely updates, keeping up with cutting-edge developments, and using intelligent trading tools to help us find opportunities in volatile markets for better investments and higher returns.
Follow us
TrendX: TrendX-No.1 Web3 investment opportunity and platform, relying on industry-leading AI analysis technology and on-chain and off-chain trend tracking technology to analyze real-time investment opportunities from billions of data dynamics, providing investment advice through intuitive interaction methods, adhering to the concept of 'change is opportunity,' and striving to become the preferred Web3 investment platform for users.
Investing involves risks; the projects are for reference only, and risks are to be borne by the investor.
