For those who don’t understand the market situation at the moment, it is recommended that you continue to invest!
1. In this market situation where copycats are almost extinct, the price of Bitcoin still remains above 60,000, which is really strong; however, the price of small-scale Bitcoin continues to fall every day without any rebound, which is really weak.
2. The only bright spot is the E/B exchange rate, which is trending fairly well. I thought the exchange rate would rebound, but I didn’t expect it to be in this way.
In terms of spot, buy more when the price drops sharply, buy less when the price drops slightly, and invest regularly when the price does not drop. In this kind of falling market with extremely low liquidity, regular investment is a very good choice.
There is no good operation suggestion for those who are trapped, especially those who are trapped in copycat stocks. Wait for the next opportunity to adjust your positions. Personally, I think it is not a good time now.
Boring market suggestions: watch less market and information, and use trading system to hedge market risks. Just remember that every decline of the big cake is for a better rise!
3 100x altcoins worth buying in 2024 to double your wealth in the bull market!
1.AR
Arweave is a decentralized network designed to store and host data permanently. The platform also provides significant learning, utilization, and development opportunities. Recently, AR struggled to break through the $50 resistance level and fell below $40, causing concerns among investors and cryptocurrency enthusiasts about its future potential. The chart shows strong resistance at $48, which pushed the price lower.
Despite these challenges, AR’s outlook has improved. In the past 24 hours, AR’s price has increased by 6.88% to $27.63. The market capitalization has also increased by 6.95% to $1.814 billion, and the 24-hour trading volume has increased by 9.68% to $74.96 million.
Arweave aims to create a permanent, decentralized data storage network called the “permaweb.” Although the technology is still in its early stages and adoption is slow, it has huge long-term potential. However, this also means that the token has experienced high volatility and uncertainty.
Currently, the sentiment surrounding the AR price prediction is bullish, with the Fear & Greed Index showing a neutral score of 53, indicating increased trading of the coin. With solid fundamentals and support from a dedicated cryptocurrency community, AR has the potential to achieve significant growth. If the Arweave project announces collaborations with other networks, the maximum price of the AR token could soon exceed $35.
2.PENDLE
Pendle has launched a new protocol that allows future returns to be tokenized and traded. This is achieved through an innovative automated market maker (AMM) designed to handle assets with time decay. This approach gives users greater control over future returns and opens up new possibilities for return utilization and optimization.
PENDLE's moving averages are trending strongly positive, and long-term indicators are giving strong buy signals. Although the MACD is slightly down, the overall technical outlook is positive, suggesting the potential for further gains.
Currently, PENDLE is trading at $5.6, up nearly 4% on the day. Arthur Hayes, co-founder of BitMEX and advisor to the Pendle project, has locked up $8.4 million worth of PENDLE tokens until September 5 this year. PENDLE is the platform's native token, which can earn rewards by providing liquidity to the protocol. By locking up PENDLE tokens for up to two years, users can vote on governance proposals and receive 3% of all earnings generated by their yield tokens (YT).
As well as Hayes' influence, Pendle's internal growth has also fueled its current momentum. The project’s Total Value Locked (TVL), which measures the total value of cryptocurrency assets within the protocol, has increased significantly.
The rise in TVL shows that more and more people are using Pendle’s DeFi features.
These features allow users to earn significant returns on their cryptocurrency investments, some as high as 25%. This is much higher than the returns from traditional investments such as short-term U.S. Treasury bonds. In addition, the number of Pendle token holders is steadily growing, indicating that the protocol's user base is expanding and active.
3.NOT
Telegram’s gaming mini-programs are growing in popularity. The most popular games include Notcoin and Hamster Kombat, each of which has attracted millions of players and daily active users. Notcoin has attracted 35 million players and around 10 million daily active users in just five months.
Notcoin (NOT), a Telegram-based clicker game cryptocurrency, is currently experiencing a bearish trend due to declining trading volumes. Despite a bullish start to the day, the coin remains within a slightly growing descending channel. According to Coinpedia Market, NOT is trading at $0.149 with a 24-hour gain of 6.11%.
Since reaching its all-time high (new high), NOT has fallen 48.54%. The market cap once reached $2 billion, but it fell below $0.015 on June 17 and has struggled to break above this level since then. However, if the market interest in this altcoin is rekindled, it may break through the psychological resistance of $0.02 and may rebound to $0.34 and $0.44.
Notcoin has been trading for five weeks and has grown by an impressive 223% since its launch. In the past 30 days, it has grown by 181%. However, this week, the price has shown a bearish trend.
Technical indicators present a mixed picture. Price action is bullish, forming a falling wedge. The RSI is currently at 39 and trending down, suggesting that prices are entering oversold territory. Meanwhile, the MACD shows a rising red histogram below the trendline, hinting at a possible trend reversal.
The Notcoin community, its fundamentals, and continued development could push the price above $1. This could be a good buying opportunity in the short term before the price breaks out of the descending triangle.
