Yesterday, ETFs had an inflow of 76 million US dollars. In terms of on-chain data:
1. Stablecoins flow out of the exchange in a small amount, and some funds have a profit-taking trend.
2. BTC in the exchange has not changed much. BTC has rebounded from 54,000 on September 8 to 64,000 for two consecutive weeks. It is time to take a break, with consolidation and a small correction. In addition, there was no ETF fund inflow over the weekend and international conflicts intensified. It may pull back to 61,000.
The upward trend is up and down, full of twists and turns. It is impossible to soar into the sky, so we just need to treat it with a normal mind. How do you view the surge in SUI?
SUI has technical content. You can buy the dip when it plummets, but you can consider shorting when it soars. 64 million SUI worth $89 million will be released in 9 days. The interested institutions and dog dealers will use the media + KOL matrix to create momentum and promote to push up the price, so that they can be released at the right time for shipment.
The big bull market is coming, here are 4 altcoins with the potential to explode 10-50 times!
1. QNT
Quant has gained 3% over the past day, making it the market’s top gainer. As of this writing, Quant is trading at $76.04, according to CoinMarketCap.
Furthermore, Quant’s main focus is to enable interoperability between different blockchain networks. By facilitating seamless interactions, it allows developers to create decentralized multi-chain applications. This feature is essential to promoting a more interconnected digital ecosystem.
The recent price increase can be attributed to the aggressiveness of large investors to accumulate tokens during the market downturn. According to FishTheWhales, there has been an increase in whale trading volume, indicating growing confidence in the asset.
Further data from Into The Block shows a significant increase in net flows from large holders holding at least 0.1% of the QNT supply. From early to mid-September, this number shifted from a negative net flow of -3.1k QNT to a positive net flow of 7.42k QNT. Additionally, the number of addresses holding QNT for more than a year grew by 37.2% to over 102,900.
The increase in long positions is reflected in a sharp rise in open interest, which refers to the total number of active derivatives contracts. Coinglass data shows that open interest surged 87.4% in the first half of September, from $6.47 million to $12.13 million. The trend indicates growing interest in QNT from both short-term and long-term investors.
2. AWAY
Over the past month, LUNC has shown steady upward momentum, gaining 8.99% as expectations grow for an upcoming token burn and broader market recovery.
Even more impressive is that it has grown by 46.84% over the past year, a surprising achievement considering that the Terra ecosystem has often been shrouded in crisis.
As LUNC enters this critical juncture, all eyes are on its price levels. Currently, the token is hovering around the critical support level of $0.000085.
On the upside, resistance lies at $0.00009. If the bullish momentum continues, especially given today’s hearing and the promise of an upcoming massive token burn, we may see LUNC break through this resistance. If this is the case, a new wave of FOMO (fear of missing out) could send prices soaring.
LUNC and other altcoins have benefited from renewed optimism in the market as investors seek higher returns in a low-interest rate world.
3.RENDER
On the altcoin side, the recent artificial intelligence (AI) hype has spawned several notable AI tokens, including the so-called “Nvidia of crypto” Render (RENDER), a decentralized platform that provides nearly unlimited GPU processing and computing power to the next generation of 3D content creators.
In fact, Render recently exhibited “fantastic” signals and price anomalies after certain crypto giants moved Render to cold storage, suggesting that the market’s biggest players are confident in the token’s future as gamers and content creators take advantage of its unique platform.
Meanwhile, according to the latest chart information retrieved by Finbold on September 20, Render’s price was $5.41 at press time, up 5.79% on the day, 6.11% on the week, and 20.10% in the past month.
4.SUN
Solana is a fast and cost-effective blockchain that aims to challenge Ethereum. It is one of the most successful cryptocurrencies in the resurgent crypto bull run, growing in value by +660.70% in the past 12 months. Solana is now the fifth largest cryptocurrency by market cap and still has huge potential for growth.
Solana Price as of September 20, 2024: $147
Market value: $61.7 billion
Solana’s price has increased by +12.09% in the last week
Year-on-year return: +660.70%
