Yesterday’s rally was BTC’s strongest performance since late March, as weak U.S. economic data increased the likelihood that the Federal Reserve will cut interest rates in September, a shift that could also prompt the Bank of England and the European Central Bank to cut rates as early as June.
The CPI-driven upward momentum has begun to fade, and cryptocurrencies have entered a consolidation mode. Now Bitcoin is sucking blood, and Ethereum and some altcoins have fallen badly. You can continue to buy on dips today.
The rise on the 15th was purely driven by news. There is a saying: news will eventually be digested by the market. I have always doubted this data. This sudden rise must be corrected later. You can't support the bull market by words. There must be real money and silver. You can continue to hold on during the correction stage. For the volatile market, it is recommended to wait and see.
How should novices choose high-quality currencies?
1. Well-known institutions: Binance EUR, BG Exchange, major public chain officials, etc.
2. Founders: Boss Merlin, Domo, Casey, Unisat official, etc.
3. Blue chip NFT: azuki, bored ape, puppet, wizard, rune, etc.
4. Well-known KOLs: Alpha top streamers 0xsun, zero, laser cat, etc.
5. Local dogs: Shout King, Roaring Kitty, Pump, Golden Dog King, etc.
They will not follow others casually. The projects they follow are generally those that require cooperation. They will add bells to early projects and valuable projects, add them to their own project tables, and check them every day to remind themselves of the progress.
Another way is to find early project information on Twitter. This is where many newcomers are confused. Here are some ways I use: Use Twitter Hotspot Monitoring, which is a powerful tool and is paid. Use some popular currencies to check the top 10 and make notes on the addresses.
Recommend 4 cryptocurrencies that will increase 100 times in the future!
1. AR
Arweave is an innovative project that continues to see gains despite challenging market conditions. The decentralized storage network provides a platform for unlimited storage of data. Described by the team as “a collectively owned hard drive that never forgets,” the network also hosts the “permaweb.” This permaweb is a permanent, decentralized network that hosts multiple community-focused applications and projects. This unique feature has enabled the token to gain widespread adoption.
It has seen a surge in trading activity, indicating strong interest relative to its market size. The positive momentum in Arweave’s value can be attributed to the launch of its new blockchain.
This new blockchain “Arweave AO” improves efficiency and transaction speed. Investor sentiment on the Arweave price prediction is bullish. The Fear and Greed Index reading of 57 (Greed) further proves this positive momentum.
2. WAVES
Waves acts as a decentralized exchange (DEX). It utilizes the Waves-NG protocol and is capable of processing over 1,000 transactions per second. Furthermore, transactions are added to blocks in about two seconds. Users generate blocks based on their own stake, which is energy-efficient and secure.
The blockchain supports decentralized applications (DApps) and smart contracts. The project supports the trading of digital assets and real-world goods. Waves utilizes a powerful native language called Ride to create smart contracts. This makes it a developer-friendly protocol that makes blockchain development simple.
WAVES has had 18 green days in the past 30 days and its 30-day volatility is high. The token has high liquidity. This strong activity reflects strong investor interest and market confidence. Investors can expect the token to continue to trade actively and add it to their watchlist.
3. AVAX
Avalanche is known for its speed and environmentally friendly protocol that allows for efficient decentralized applications. Recent developments have shown that the token is attracting new interest and investment. The project’s ability to effectively host decentralized finance (DeFi) applications ensures that it remains mainstream.
Avalanche's high throughput, scalability, and reliability make for a powerful platform. The platform supports the development of user-friendly applications, such as LiveDuel's sports betting platform. This strategic utility increases AVAX's visibility and adoption in the broader market. It also demonstrates its capabilities beyond traditional cryptocurrency trading.
Meanwhile, the sentiment surrounding the Avalanche price prediction shows a positive attitude. Moreover, the Fear and Greed Index shows a level of 56 (Greed). The recent market sentiment suggests that the coin is poised to grow and break out of notable price levels.
4. W
Wormhole is a universal messaging protocol that allows communication between blockchains. Wormhole continues to see steady growth and is trading at $0.5741 today. This price reflects a 7% gain over the past 24 hours. This makes it one of the top gainers on the market today. It has been steadily climbing higher on the charts over the past week, showing strong momentum.
Last month, the token became available in SPL format on Solana and in ERC-20 format on Ethereum and EVM L2. This expansion helped to enhance its liquidity, which is reflected in its market capitalization and ranking.
It is also the top coin in the Solana currency and token space. The coin predictions indicate that it will keep rising. The Fear and Greed Index is 74 (Greed), indicating that investors are confident in the coin. Considering the ongoing developments in the cryptocurrency market, investors can add Wormhole to their watchlist.
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