August 23, 2024
There are many good news today, and there are many good news that help different sectors continue to rebound. I will pick a few typical ones to talk about. First of all, CZ has left the prison and was transferred to RRM Long Beach. It is reported that this is a residential project for prisoners who are nearing the end of their sentences to prepare for reintegration into society, which means that CZ is about to return again. Although CZ has given up the CEO position of Binance and said that he will focus on education, it is undoubtedly still a reassurance for Binance. In a sense, it also once again shows that the SEC is just a paper tiger in front of money.
Other news is that the BSC chain is making trouble. According to the public AMA information of Another Dimension, the BSC chain is stepping up its efforts to recruit people and increase support for BSC chain projects, hoping to return to the grand occasion of DeFi Summer. Influenced by this, several leading projects on the BSC chain have risen to varying degrees. XVS and CAKE are familiar to everyone. In addition, the recent meme Tugou style has also blown to the BSC chain. In addition, CZ is about to be released from prison, and BNB is also continuing to empower. Therefore, Binance and BSC sectors are worth paying attention to in the future.
In addition, you may have noticed the rise of AVAX, with several large positive lines on the daily level. The core reason is that Franklin Templeton announced that its on-chain US money market fund has been tokenized on Avalanche, and said that this is the lowest cost and most decentralized L1. At the same time, Grayscale also announced the establishment of an investment trust for AVAX tokens, opening investment channels to institutional investors. From these public information, we can see that AVAX is backed by strong capital. If there are low-priced chips, you can continue to take them. Of course, short-term prices need to be cautious.
In terms of market conditions, although the market is still in a sideways phase, the rotation of different sectors has shown that funds are ready to move. From MEME to Perp concepts, to the rebound of Binance-related sectors, it shows that the current market is at a stage that is worth entering. For us, the best measure at this stage is to find some relatively undervalued targets in the market. There is no need to chase the hot spots in the market. After all, these risks are great. On the contrary, the opportunities in the secondary market are better.
Finally, please continue to vote for me today. You can vote by clicking on my avatar and going to my homepage. I am currently ranked 15th, and there are only 6 days left. Thank you for your support.
