Next, 5678 should be a trend of slowly building up bulls
The weekly closing of Bitcoin last week was not so good. It went up but did not break the previous high and was smashed down again. The upper shadow line is very long, which can be understood as a true Yin and a false Yang. The main funds had already started to withdraw from the market last week for risk aversion. The decline in the past few days was all caused by small retail investors buying. At this price of Bitcoin, spot trading can only be used for short-term fluctuations, and long-term investment is really not cost-effective.
From November 5 to November 8, we will usher in the 2024 "Super Week", with two major events:
1. The US election officially begins on November 5, and the results will probably be announced at noon on November 6, which will greatly stir up global assets;
2. On November 8, the Federal Reserve will hold an interest rate meeting to decide whether to further cut interest rates and stimulate the market again.
BTC hits the point! I won’t talk about the logic, just the result, the only script in the whole network:
1. The best time to buy the bottom is November 4-5; 67000-69000
2. Horizontal trading from November 6 to November 15; 69000-71000
3. From November 16 to December 15, there was a violent rise; 71000-82000
4. December 16-January 15: Great wealth; 82,000-91,000. So far, the bull market is over. Over, see you in the next four years.
Recently I plan to ambush 5 potential coins that are ready to explode. It is very easy to double them. At the same time, I also plan to find some potential coins to hold by the end of the year. It is expected that there will be no problem in increasing the space by more than 10 times!
1.Raydium（$RAY )
Market capitalization: $939 million 24-hour trading volume: $142 million
As a shining star in the Solana ecosystem, Raydium has become one of the most watched projects in the DeFi field. Its market value is as high as 939 million US dollars, and its 24-hour trading volume has reached 142 million US dollars. Its strong competitiveness is closely related to its unique token repurchase mechanism.
Raydium is unique in its token repurchase mechanism. This mechanism provides investors with the opportunity to share revenue and give them the opportunity to get more returns as the project grows. This not only increases investor confidence, but also further promotes the development of Raydium. This feature of Raydium makes it stand out among all Solana's DEXs and become the focus of investors' attention.
2.DeXe（$DEXE )
Market value: $450 million 24-hour trading volume: $1,156,100
DeXe is a decentralized autonomous organization (DAO) creation and management protocol that is emerging as a leading project in the DeFi field. It not only joins forces with strategic partners such as SwissBorg, but also attaches great importance to security. DeXe uses strictly audited smart contracts and a decentralized DAO structure to ensure the transparency and risk control of the system. By joining DeXe, investors can experience the perfect combination of security and innovation.
3.SuperRare（RARE）
Market value: $95,601,000 24-hour trading volume: $125 million
SuperRare is an NFT marketplace focused on on-chain art, providing artists and collectors with a platform to buy, sell and trade digital artworks. Its token RARE has risen 33.3% in just 24 hours and has soared 114% over the past year. Although the current price is high, it is still a good buying opportunity after the pullback. Investors can share the dividends of this fast-growing market by purchasing RARE tokens.
4. GHOST
Market capitalization: $1.945 billion 24-hour trading volume: $513 million
Aave is a “decentralized, non-custodial liquidity protocol where users can participate as suppliers, borrowers, or liquidators.” Recent market dynamics suggest that AAVE has bullish attempts, with an overall market structure breakout from six weeks ago suggesting a possible uptrend.
AAVE has shown resilience at the daily MA120 support level of $128, and all signs point to Aave's profit potential: supplier incentives have dried up, and active loans continue to trend upward, with active borrowings exceeding $6 billion.
5.RUNE
Market capitalization: $1.474 billion 24-hour trading volume: $144 million
ThorChain is a decentralized cross-chain protocol that has recently attracted attention for its integration into the LI.FI ecosystem.
ThorChain previously suspended operations due to security issues, but its token RUNE has performed well since resuming operations. RUNE is trading at $5.25, up 6.50% in the past 24 hours and 18.47% in the past month.
Over the past year, it has outperformed major cryptocurrencies such as Bitcoin and Ethereum, with a price increase of 214.30%. It is also trading 74.56% above its 200-day simple moving average.
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