Recently, Trump attended the 2024 Bitcoin Conference as a top guest, and under the spotlight, he made a series of promises that excited crypto enthusiasts. He made no secret of his support for Bitcoin, saying that the market value of Bitcoin will exceed that of gold, and promised that if elected, he would remove the chairman of the SEC who is unfriendly to cryptocurrencies and retain the Bitcoin held by the government as a strategic reserve. His words can almost be understood as "let the United States fully support Bitcoin." The audience responded enthusiastically and applauded continuously. Due to the attendance of Trump and others, this conference has also become the highest-profile Bitcoin summit in history.
"ETF, SEC, interest rate hikes, elections..." These focuses that have a huge impact on the crypto market are now concentrated in the United States, which shows that the United States has become the dominant force in the crypto market and almost has the "pricing power" of crypto assets such as Bitcoin. The upcoming US election will have a far-reaching impact on the crypto market, so the crypto community has been paying close attention to the election dynamics recently.
Many people think that Trump's frequent overtures to crypto assets are good news, while others think that this is just a "play" to win votes. After becoming president, he will "pull up his pants and leave" or even "burn the bridge after crossing the river". So how credible are Trump's sweet words? Who is right and who is wrong? Everything has to start with the propositions and values of the two major camps of the Republican Party and the Democratic Party in the United States...
Driven by Trump, these 4 cryptocurrencies are about to skyrocket!
THERE IS
Cardano uses proof-of-stake technology and aims to empower individuals and drive positive global change by promoting security, transparency, and fairness. As an open source project, Cardano is committed to shifting power from centralized structures to individuals on the margins of society.
Currently, the Cardano token is trading at $0.41, up 1.37%. In the past 30 trading days, the token has been rising for 15 trading days, accounting for 50%. The 14-day relative strength index is 48.62, indicating that the token is neutral and may continue to consolidate.
The Cardano network is about to undergo a major update, the Chang hard fork, marking the beginning of the Voltaire era. The latest version of the node validator software, 9.1.0, will drive this change. This upgrade is crucial because it introduces the mandatory Conway genesis file for the hard fork.
The transition from node version 9.0.0 to 9.1.0 is a crucial step. By implementing the CIP-1694 on-chain governance mechanism, Cardano will upgrade from Vasil to a more decentralized decision-making process and enhance its functionality. This development is intended to consolidate the foundation for the future development of Cardano.
ATOM
With the recent rise of Bitcoin and the launch of Ethereum ETF, the cryptocurrency market sentiment is optimistic and expected to have a positive impact. In this context, Cosmos (ATOM) stands out as an altcoin with great potential.
Currently, ATOM is trading at $6.27 with a 24-hour trading volume of $84 million and an intraday gain of 3.41%. Cosmos focuses on blockchain interoperability and aims to facilitate communication and data sharing between different blockchains.
Known as the "Internet of Blockchains", Cosmos aims to build an interconnected network of blockchains to improve the efficiency and scalability of the entire ecosystem. ATOM tokens play a key role in maintaining network security and governance.
As Cosmos integrates with other projects, its value is expected to rise. Several technical indicators point to a positive outlook. The 14-day relative strength index (RSI) is 34.96, indicating that the cryptocurrency is currently in a neutral state and may continue to move sideways.
It is worth noting that ATOM has been on an upward trend for 16 of the past 30 days, and its liquidity is also high, reflecting its market recognition. In addition, Cosmos focuses on blockchain interoperability and plays a strategic role in blockchain connection, with a bright future.
CORE
Core Foundation recently launched a dual staking model to increase Bitcoin yields and set a new market standard. The model is based on Core's non-custodial Bitcoin staking and establishes a "Bitcoin risk-free rate" by introducing a BTC bond layer. This innovation aims to transform Bitcoin from a single store of value to an asset that is both safe and profitable.
The dual staking model provides Bitcoin stakers with the opportunity to earn higher returns by staking both BTC and CORE tokens. Stakers holding CORE tokens and BTC can enjoy the "dual staker rate", while BTC holders can continue to stake Bitcoin to earn the basic risk-free rate, that is, the return without counterparty risk within the protocol.
As of today, CORE is trading at $1.348, up 2.28% intraday. The current market sentiment for the token's price is neutral, while the Fear and Greed Index is 72 (Greed). Over the past year, CORE has gained 70%. It is trading above its 200-day simple moving average and has relatively high liquidity.
THETA
Theta Network aims to reduce the cost of content delivery and provide cost-effective solutions for developers and enterprises. The platform runs on a blockchain compatible with Ethereum smart contracts, providing a flexible environment for developers.
Theta Network provides powerful Web3 infrastructure solutions such as Theta Video API and Theta Web3 Theater. These tools enable developers to significantly reduce the cost of video transcoding, storage, and delivery through patented digital rights management technology.
Recently, Theta
Network and Meta AI have launched the most powerful large-scale language model Llama3.1 405B. The model is currently
Available on EdgeCloud, it enables new applications and modeling paradigms, including synthetic data generation to improve training of smaller models and model refinement—capabilities never before available in open source at this scale.
THETA
The current trading price is $1.485, which is 15.55% above the 200-day simple moving average (SMA) of $1.32924.
The daily relative strength index (RSI) is 58.16, indicating that the token is in a neutral state and may continue to consolidate. According to Coincodex, the Theta token price is expected to rise
7.22% and reached $1.622915 in August.
