Bitcoin hit 66,000 the day before yesterday, and the low was 53,000. The short-term increase was more than 20%, so it has been in a small correction in the past two days. Today, the market greed and fear index reached 60, which is neutral. Compared with the previous low of 25, the overall market sentiment is still relatively positive.
In terms of major market events, the German government has sold all its bitcoins, and the compensation for Mentougou has also been paid. This is a long process, and the selling pressure of the compensation can be absorbed by the market, so the impact will not be too great. These two major negatives have been announced. On the positive side, Bitcoin EFT has been flowing in for many consecutive days, and Trump's shooting has also stimulated a big rise. The Ethereum ETF is expected to be launched next week, and the spring of cottage industry is not far away. So I recommend some spot products:
TRON is a project created by Sun Ge. The most familiar USDT has issued 60.8 billion on TRX. The ecosystem has developed well, and the locked value of TVL is nearly 30 billion US dollars. In the case of the recent bad market, TRX has also risen for many consecutive days against the market trend, with strong momentum and prosperous ecosystem. The spot is expected to continue to reach new highs in the long term.
TON
TON has experienced a big boom, especially in the gaming ecosystem. The number of users has exceeded 10 million, and dozens of them have already exceeded 10 million. TON has been rising since the end of February this year, with a 4-fold increase, and there has been basically no correction during the whole process. The total locked value (TVL) has also soared to US$745 million, an increase of more than 30 times. More and more established institutions and project parties have begun to lay out and continue to be optimistic in the long term.
The total number of newly created addresses and addresses interacting on the network of XRP has reached the highest level since March this year. XRP has risen by 23% in the past 7 days. As an old value coin, XRP has established in-depth cooperation with many financial institutions. Coupled with rumors that Ripple and the US Securities and Exchange Commission will hold a settlement meeting, it can ambush in the medium and long term and impact 1U.
PIXEL
Pixelverse is a game project that was just launched yesterday in the TON ecosystem and carried out a large-scale airdrop, with an initial price increase of nearly 50%. The airdrop will distribute 10% of the tokens to NFT holders, and will distribute another 20% to users over time. With a reasonable lock-up mechanism and a gradual reduction in initial selling pressure, the popularity is high, and you can consider getting on board in the short term.
MEME, the old dragon II coin, has a high consensus. Yesterday, due to the theft of the Indian exchange, the market sold $100 million and fell a lot. In my opinion, it is a good opportunity to enter the spot market. Compared with the previous highs, the line is stabilizing, and 0.000025 is seen in the medium term. With the arrival of the copycat, the MEME season will explode again. I look forward to its subsequent performance.
The market has been frequently clearing contracts recently, which is a typical feature of the monkey market. We should seek stability first. After choosing suitable targets in spot market, we should build positions in batches to ensure that our average price is reasonable and try not to miss out on opportunities. There will be surprises in the medium and long term, and the positive factors in the future market will gradually be realized. Be patient and the dawn will eventually come!
