Let’s talk about the next market situation
1. If this round of BTC stands firm at MA120, it will usher in a major uptrend
It will probably last for 3-6 months. If it coincides with the rapid interest rate cut by the United States, then we will have the right time, place and people.
2. But it may not be the kind of big bull that will increase everything. It will only be possible if there are new things and new technological innovations to keep up.
But anyway, I didn’t see anything new this time, only a few memes, which seemed to have some money-making effects recently, but they had already attracted a lot without being widely disseminated.
If everyone is just speculating on memes, then the market will most likely not last too long.
3. Whether it is the U.S. stock market, the Hong Kong stock market, or the A-share market, they were all driven by the expectation of this wave of interest rate cuts. There will also be a transmission effect behind it. If they all enter a large-scale and long-term adjustment, it may be difficult for Circle B to not follow for a long time.
Therefore, we still need to pay attention to risks in the second half. There are too many uncertainties in the altcoin market, and the only thing we can believe in in the long run is BTC.
4. You still need to save more cash as the market goes up. The current employment environment is still relatively severe, and this may last for a long time.
Only by holding a certain amount of cash, waiting for opportunities, and having surplus food in hand when the time comes can you survive in the long run.
5 mainstream copycats that may explode 20-100 times, worth ambush in the bull market!
1. The UN
OKB is trading at $42.47, up 1.58% in the past 24 hours. OKB has been performing well over the past 30 days, closing higher than its open price 21 out of 30 days, a success rate of 70%. Currently, the token is trading close to its cycle highs, indicating strong market activity. As of October 8, 2024, the overall market sentiment remains bullish, with 23 technical indicators showing positive momentum.
Looking ahead, OKB is expected to trade around $42.52 on October 9 and may see a slight increase in price in the coming days. By October 12, it may rise to $44.05, a 3.59% increase, and by October 13 it may climb further to $44.24, a 4.04% increase.
OKB is expected to fluctuate between $42.52 and $43.54 this week. By October 14, the price could increase by 2.40% to reach the upper target of $43.54. However, heading into next week, the outlook suggests a slight price drop, with the price likely to fall by 2.81% to $42.32 by October 21, 2024.
OKB is expected to trade in a wider range of $40.21 to $56.86 for the rest of 2024. If the upper target is reached, the token could surge by a massive 33.88% to $56.86.
2.BNB
Binance recently announced the listing of Scroll (SCR) on its Launchpool and Pre-Market platforms. Users can lock BNB and FDUSD to receive SCR airdrops within two days. Scroll is an Ethereum zkEVM layer 2 solution and is Binance’s first Pre-Market project.
The total amount of SCR is 1 billion, of which 5.5% is used for new coin mining rewards. The initial circulation at the time of launch is 190 million SCR, accounting for 19% of the total circulation.
Binance Coin (BNB) is trading at $580.36, up 0.71% in the past 24 hours. In the past year, BNB has gained 180%, outperforming 76% of the top 100 cryptocurrencies including Bitcoin and Ethereum. It is trading 9.09% above its 200-day simple moving average (SMA) of $532.14, indicating strong momentum.
BNB has been stable, rising 19 out of the past 30 days, equivalent to 63%, and has high liquidity relative to its market capitalization. According to the forecast, the price of BNB may rise by 21.22% and may reach $696.57 by November 7, 2024. The current sentiment remains bullish, with a Fear and Greed Index score of 49, which is neutral.
SEK 3 million
Maker (MKR) is currently trading at $1,415.01, up 0.88% in the past 24 hours. Over the past year, the price has increased by 3%. In addition, Maker has closed higher than its opening price on 15 trading days (50% of the past 30 trading days).
Looking at the short-term price prediction, Maker is expected to remain between $1,417.37 and $1,960.37 this week, which could see a 38.31% gain by October 14, 2024, if the highest price prediction holds. For the following week, the prediction range is $1,960.37 to $2,602.04, which could see a 32.73% gain by October 21, 2024, if the higher prediction holds true.
In the long term, Maker could trade between $1,417.37 and $4,181.71. If MKR reaches the high end of this range, it would represent a 195.54% increase from the current price. These forecasts provide insight into short-term and year-end expectations, offering investors a wide range of potential outcomes.
4.CFX
Conflux recently partnered with COPX.AI, a community-driven platform governed by smart contracts. The collaboration aims to connect the decentralized economy with the traditional financial system, aiming to build a secure and scalable ecosystem driven by artificial intelligence and blockchain technology. The collaboration highlights Conflux's broader focus on integrating decentralized and traditional financial systems.
In addition, Conflux has also integrated with the World Stablecoin Payment Network (WSPN) to incorporate the WUSD stablecoin into its ecosystem. This move aims to expand Conflux's influence in decentralized finance (DeFi) by improving payment solutions and creating new opportunities for innovation in the field.
The native token CFX has seen significant price volatility recently. It is currently trading at $0.1831, up 41.47% from the previous month, but down 4.26% in the past 24 hours. Despite the short-term decline, overall market sentiment remains optimistic.
The coin is trading 10.45% above its 200-day simple moving average (SMA) of $0.165953, indicating a long-term uptrend. The 14-day relative strength index (RSI) is 53.41, indicating a neutral outlook. This means that the price may consolidate or move sideways soon as the market is not currently overbought or oversold.
In addition, Conflux has a high market activity, with 19 trading days in the past 30 days showing an upward trend, accounting for 63%. In addition, it also benefits from high liquidity, making it more stable relative to its market value.
5.APT
Aptos is a first-layer blockchain designed to solve significant challenges such as high transaction fees and slow processing times that often affect other platforms such as Ethereum. Aptos was developed by Aptos Labs to leverage its expertise to enhance blockchain capabilities.
Recently, Franklin Templeton partnered with the Aptos Foundation to launch the OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain. The fund’s subscriptions have exceeded US$20 million, which shows that the integration of blockchain technology and traditional finance has made gratifying progress.
The collaboration aims to enhance interoperability between real-world and treasury-backed assets in non-Ethereum Virtual Machine (non-EVM) blockchain environments. In addition, Aptos Labs announced the acquisition of HashPalette, a subsidiary of HashPort, marking its strategic move into the Japanese blockchain market.
HashPalette plans to transition its Palette Chain and related applications to the Aptos Network in early 2025. While details are still emerging, holders of the Palette Chain (PLT) governance token may have the opportunity to redeem their tokens for APT.
Meanwhile, the APT token has shown significant activity in the market, with its token currently trading at around $9.03. Its intraday gain was 1.63% and its weekly gain was 9.51%. Additionally, the coin’s trading volume has also seen a significant boost, surging 52.17% in the past 24 hours.
