June 20, 2024 Grandpa checks in
Nvidia's stock price broke through $140 in the night session, setting a new record high and also refreshing the world's imagination of AI. Although we know that there are a lot of bubbles and hype in the short term for Nvidia's stock price, the changes it can bring about for a new technological productivity cannot be measured by price, which may be the reason why countless people are rushing to Nvidia. In fact, in addition to AI, blockchain technology is also a kind of change in my opinion. Don't ignore this fact because of the crackdown on cryptocurrencies by some policies. After all, the value of the pie has been recognized by Wall Street.
When we make investment decisions, we should still have dreams in mind. No one can predict the future of AI, and the same is true for blockchain technology. In the eyes of ordinary people, AI is intelligence, but its value comes from repeated code iterations. Blockchain is synonymous with decentralization, but its true value will only be reflected when large-scale blockchain networks are commercially available. So, it is not a lie to say that the B circle is still in its early stages. For big cakes, its stored value may still have gold as a benchmark, but for the entire blockchain technology, the prospects are completely unimaginable.
Back to the dynamics in the circle, in addition to L0 being launched on several major exchanges at 8 pm today, BN itself also has Lista to be launched. The current over-the-counter price is about 0.5-0.6. You can refer to it to decide when to sell. Considering the recent market, it is best not to take it. In addition, BN launched an airdrop event for BNB holders to continue to empower BNB. In simple terms, it is to send money to long-term holders of BNB through BN's resources. However, objectively speaking, there are indeed very few innovative projects in the circle at present, and most of them are still centered around users and traffic.
In terms of market conditions, the current rebound of Bitcoin and Ethereum is completely acceptable, because there is no drop, which can be regarded as stabilizing the morale of the troops. The US stock market has been in a good situation recently, so there is no need to worry too much about the Bitcoin market. Based on this logic, I have taken on some altcoins in the past two days. Sadly, I found that some mainstream coins that had a relatively high market value before have fallen to the low point range of the bear market. It seems that they are destined to miss this round of small bull market. When allocating altcoins, you must diversify your positions. It is better to buy Bitcoin than to bet on one.
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