Total market value: 2 trillion
Btc+Eth: 1.4 trillion (Btc=1.12 trillion Eth=0.284 trillion)
Stablecoins: 0.17 trillion
Other altcoins: 0.43 trillion
Among them, Btc+Eth accounts for 70%, stablecoins account for 8.5%, and other altcoins: 21.5%
Before the last bull market started, the total market value of Btc was about 270 billion, Eth was 72 billion, and the rest of the altcoins was 140 billion. Compared with before the last bull market started, Btc increased by 4.1 times, Eth increased by 3.9 times, and the rest of the altcoins increased by 3 times.
With this calculation, after 4 years of bull and bear cycles, Ethereum has not outperformed Bitcoin, and the altcoins have not outperformed Ethereum. In addition, Bitcoin and Ethereum have both increased by about 4 times on average, 4 times in 4 years, but everyone feels that the altcoins have collapsed, and many people have suffered very, very serious losses. The reason is that although the total market value of the altcoins has increased by 3 times, the number has increased by more than 30 times. Therefore, many altcoins have actually been falling for a long time, especially in the past six months, many altcoins have fallen by more than 80-90%, and many mainstream altcoins have also fallen by 60-80%.
Many people feel desperate about the current market and see no hope of making money, but in the past history, whenever 90% of people collapse in despair and leave the market without caring, the market is quietly brewing. Kong Ge's intuitive judgment is that the market should not be far away. From now until the end of the year, we should pay more attention to market dynamics. If there are new opportunities and outbreak points, we must participate as early as possible and exit in time. If we enter the market late, it is often difficult to exit.
At the macro level, the market generally expects a 25 basis point rate cut.
According to CME's "Fed Watch", after the Bureau of Labor Statistics releases unemployment data this week, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 70%, and the probability of cutting interest rates by 50 basis points is 30%.
Is it bottoming out or will it continue to fall? Don't guess, just wait until September 18th to find out. It is not recommended to make any moves during this period. At most, you can make short-term intraday orders and wait and see conservatively. September is a month of news and policy-driven trends!
Hot public chains
SUI sector: SUI coins rose. The game console launched by SUI started pre-sale, similar to the SOL mobile phone airdrop, and will focus on developing GameFi and DeFi ecosystems in the future. The monthly unlocking volume accounts for 2.6% of the circulation volume, and institutions have gathered together to pull the market after OTC.
On-chain NEIRO sector: NEIRO coins rose sharply, and the BN platform launched the uppercase NEIRO contract. The chips were highly concentrated and the performance was active.
BTC Ecosystem: FB airdrop launched. Fractal Bitcoin is an L2 project launched by Unisat, with an OTC market value of $1 billion, attracting widespread attention.
Public chain APT sector: APT will unlock $60 million worth of tokens this week. The market is paying close attention to this event, which may affect the short-term price fluctuations of APT.
Finally, let’s talk about Dogs.
Many people are curious about why I am optimistic about dogs. I think its properties are similar to those of the early shib. Based on the data, the coin holding addresses have been aggregated, and the top ten addresses continue to accumulate funds.
The founder of TG issued a statement yesterday emphasizing his security principles and briefly describing their daily online patrols to delete harmful content. Things are still moving in a relatively good direction.
Affected by this, the on-chain data of Ton began to pick up, and the buying volume gradually increased. If the border control issue is finally resolved, it is expected that Ton will explode again. This bull market will definitely have a wave of Ton ecology. Later, we will see that the big cake will be bought again. Hold on tight.
The Ethereum community has been a little more active recently, and Vitalik has also been speaking out to emphasize his stance and views on the Ethereum ecosystem. Let’s see, I’m afraid that if this continues, it will disappear like many old public chains.
