The CPI data for October will be released at 9:30 tonight:
21:30 US October CPI annual rate (market expectation: 2.6%; previous value: 2.4%)
21:30 US October CPI monthly rate (market expectation: 0.2%; previous value: 0.2%)
21:30 US October core CPI annual rate (market expectation: 0.3%; previous value: 0.3%)
21:30 US October core CPI monthly rate (market expectation: 3.3%; previous value: 3.3%)
However, if the data falls short of market expectations, the market narrative will be another.
What is a bull market?
The cycle of each bull market is well documented. When you are not sure when the bull market will begin, you always feel that it will fall. If you don't take it seriously, the bull market is already on the way. Due to the oversupply of copycats in this round, when the bull market comes, not all the copycats you hold will rise. On the contrary, they will fall sharply.
Judging from the current market conditions, the market is also going to consolidate. It is estimated how long the consolidation will take is still unknown. However, it is necessary to reduce positions during this consolidation. Fomo is prohibited in this market. You need to have accurate judgment of your own and learn to respect this market. Learn to buy low and sell high without talking!
When Bitcoin reached its peak, ETH and SOL were also catching up, and Ethereum also broke through the $3,400 mark. The most important thing is that I am looking forward to the arrival of Y Ethereum 3.0, so I can continue to be optimistic in the long term.
As for how much Sol will rise in the future, you can only guess at the moment. Before the data comes out, we can only leave room for upward imagination, because FTX still has 16 billion US dollars and is still starting this market at any time...
BNB’s absence in the bull market: Lack of Memecoin shows that the ecological development is lagging behind
At the beginning of the last bull market, BNB Chain was a hot public chain. Thanks to its low-cost and high-efficiency trading system, it quickly attracted a large number of developers and project parties, and even became one of the most popular public chains in the market. But now, Solana seems to have seized the market share that originally belonged to BNB. BNB's absence is not only reflected in the Memecoin field. In fact, its DeFi and DApp ecosystems are also in a weak state, and project parties are increasingly reluctant to turn their attention to BNB Chain.
Solana’s Rise: Competitive Pressure on BNB Chain
If the absence of BNB Chain is understandable, then the rise of Solana is a reality that BNB finds hard to accept. Solana has made great strides in this bull market with its high throughput and low transaction fees, quickly attracting a large number of developers and capital inflows.
The next BNB ecological currency that may be listed on Binance
Cheems
Cheems initially conducted a 100% airdrop immediately after the launch of the zkSync mainnet, and its market value once rose to tens of millions of dollars, but as the popularity declined, its market value fell to less than one million dollars. After Cheems migrated to the BSC chain, its performance was once again outstanding. It can be said that Cheems is the best performing meme project in the BNB ecosystem during this period.
Come
Koma Inu – The Cutest Memecoin on BSC! Koma Inu is a dog-themed token built around community-driven decentralization and adoption. Powered by pure meme energy, $KOMA is created by the community, for the community. The cats have had their time - now it's the dogs' turn to lead and make the BSC memecoin great again
In conclusion:
BNB's absence in the current bull market is indeed a bit disappointing, but it still demonstrates strong strength in technological innovation and ecological support. In the future, how BNB Chain can restore the stablecoin ecosystem, attract more developers and projects, and enhance its market appeal will be the key to whether it can return to the competition. If BNB can overcome the challenges ahead and seize the opportunity of ecological expansion, it is still possible to usher in a new wave of breakthroughs in the future.
