Investment Vane on August 23, 2024: On the eve of CZ's return, the market is full of positive news
Today, the market is shrouded in strong positive news, and many sectors are ready to go under the impetus of positive signals. First of all, CZ, the focus of the currency circle, has been transferred from prison to RRM Long Beach, a transitional residence designed for those who are about to be released from prison, indicating that CZ is about to return to the public eye. Although he has unloaded the burden of Binance CEO and turned to education, his return has undoubtedly injected a shot of adrenaline into Binance and the entire cryptocurrency market, once again confirming the humorous reality that "SEC is also powerless in the face of money."
At the same time, the BSC chain is quietly brewing a storm of revival. According to internal sources, the BSC chain is actively recruiting talents and increasing support for on-chain projects, aiming to reproduce the glory of the former DeFi Summer. This positive move quickly caused ripples in the market, and leading projects such as XVS and CAKE responded one after another, and their stock prices climbed. In addition, the BSC chain has also ushered in the heat of meme culture. Combined with the benefits of CZ's return and the continuous empowerment of BNB, the future of Binance and the BSC sector is worth looking forward to.
On the other hand, AVAX is not to be outdone, and several dazzling big positive lines have been pulled out on the daily chart. The driving force behind this round of rise is Franklin Templeton's announcement that its on-chain US money market fund has been tokenized on Avalanche, and emphasized that this is currently the lowest cost and most decentralized L1 solution. The follow-up of Grayscale Fund has added infinite reverie to the future of AVAX. They have established an investment trust for AVAX tokens and officially opened the door to institutional investors. This series of operations all demonstrates the layout and determination of the strong capital behind AVAX. For investors, if there is an opportunity to capture low-priced chips, it is a wise move, but they need to be cautious in dealing with short-term price fluctuations.
From the MEME craze to the rise of the Perp concept, and then to the catch-up of Binance-related sectors, the market is gradually entering a window period worthy of in-depth layout. At this stage, we should focus more on finding high-quality targets that are relatively undervalued by the market, rather than blindly chasing high-risk hot spots. The potential and opportunities of the secondary market are often hidden beneath the seemingly calm surface.
