Recent hot topics:
Solana: JUP is launched on mobile phones, and the meme is also very popular
TON: Support Meme and launch Memelandia project
Sui: Price breaks ATH, native USDC goes online today
ZK: ZK L2's Scroll is available on Binance Launchpool, including feedback from Chiang Mai friends. V God mentioned ZK in Chiang Mai.
DefiLayer: More and more Defi is doing multi-chain, including Aave 2030's multi-chain expansion and BTC ecosystem's staking layer
Macro: Powell expects two more 25 basis point rate cuts this year;
Market situation: On-chain data continues to flow out of wallets from exchanges, hoarding behavior is positive, and the US election is expected to approach, the probability of rising is relatively high, and the decline is limited. $Btc is currently difficult to operate in the short term, and it is recommended to ambush at the bottom support.
Pay attention to the position of 62640 for Bitcoin. Only when the 4-hour level stands firmly above this position, and then the market can get out of the 4-hour sideways pressure level, the market will continue to move up. Pay attention to the upper targets/pressure levels near 63174-63890-64455!
The big market is coming, and there are several major events worth paying attention to tomorrow (Thursday):
At 2 a.m., the Federal Reserve will release the minutes of its monetary policy meeting. At 8:30 p.m., the U.S. September unadjusted CPI annual rate and September seasonally adjusted CPI monthly rate will be released.
The market may experience drastic fluctuations in the short term, so be sure to pay close attention to price changes and prepare response strategies.
Several things that will happen in the fourth quarter will have a profound impact on the cryptocurrency world
1. Balance sheet expansion started: interest rate cuts have already begun, and it is only a matter of time before balance sheet reduction turns to expansion. However, balance sheet expansion does not mean that the price of the currency will definitely rise, but it will end the two-year upward trend of BTC.D. The exchange rate of ETH and altcoins against BTC is expected to bottom out.
2. The second and third interest rate cuts: Looking at the first interest rate cut in the past 40 years, both stock and currency prices rose. Before and after the second to third interest rate cuts, U.S. stocks plummeted. Recently, the volatility of BTC has dropped significantly, reaching an extreme level. The sideways movement will bring big fluctuations, so be wary of November and December.
3. The dollar strengthens again: The labor market improves, slowing down the rate cuts, making the dollar stronger again. Net liquidity decreases, which is not conducive to the cryptocurrency market and increases the time for the cryptocurrency market to adjust.
Current market: meme still dominates, public chain second, BNB is still strong, vc coin is still a pile of shit, the transaction volume of meme on the chain has exceeded the secondary market, I don’t know how long this trend will last, the big A on the chain is sucking blood in both directions, the secondary market is really difficult at present, to do transactions, you must learn to go with the trend, learn more and watch more
The market fluctuates greatly, so leave when you make a profit and don’t chase high prices.
$NEURO
The most eye-catching memecoin on the exchange. $NEIRO had a pullback this morning, but the volume of the decline was not large compared to the previous rise, and the decline volume gradually decreased, which shows that the selling volume is effective, mainly retail investors to stop profit, rather than the main force to ship. Therefore, $NEIRO is unlikely to fall below the support level of 0.00157, and it is estimated that it will continue to rise after a period of sideways fluctuations. Moreover, the trend of $NEIRO is very healthy, and there should be a lot of room for growth.
$APT
Aptos is a new and promising blockchain solution as it can cater to a large number of transactions at a low cost. Aptos attempts to solve the scalability issues that affected older blockchains such as Ethereum before upgrading. Aptos is popular because it aims to solve the scalability issues of web3 developers and works out of the box.
As the search for efficient alternatives intensifies, Aptos is poised to become a key player, offering huge growth potential and the potential to turn a $900 investment into $1.2 million by the peak of the bull run in 2025.
$BNB
Everyone knows about BNB mining, but there is a secret on how to buy it to make the most money. During the previous bear market consolidation, you had to wait for the price to fall before buying, because the value of mining is less than the price drop. Then how to buy it when interest rates will fall in the next year? Just buy it immediately. It will automatically mine when it is put into the income pool, and you can put it again after mining, because there is a good chance that new coins will rise in the future bull market. Due to the previous bear market, new coins have fallen. If you want to be conservative, you can also sell the new coins directly.
The BNB Income Pool is a reward pool that combines Binance's "Pledge Borrowing", "New Coin Mining", "HODLer Airdrop" and Binance's marketing budget. As long as you invest in BNB, you can get the above three types of income at the same time, and if you want to use BNB, you can redeem it at any time, so the financial flexibility is very large.
The BNB income pool is like a package, and the key point is that it does not "divide" your invested BNB into different rewards, but enjoys them "at the same time". For example, if you put BNB into the income pool and new coin mining, you will get the same amount of new coins, and there are other rewards in the income pool.
