Good evening, guys! Here’s what you must know recently!
The Nasdaq announced the annual restructuring results of the Nasdaq 100 Index, and MSTR will be added to this index, becoming one of the 75 largest non-financial companies on Nasdaq. This addition will double the Nasdaq 100 Index's exposure to Bitcoin and bring billions of dollars in passive investment to MSTR.
Additionally, pay attention to next week's Federal Reserve and Bank of Japan meetings. A 25 basis point rate cut by the Fed and a delay in rate hikes by the BOJ should already be anticipated. Continued rate cuts by the Fed and a delay in BOJ rate hikes (if indeed they are implemented) will be beneficial for the market.
Regarding the cryptocurrency market, Bitcoin is fluctuating at high levels, while altcoins are entering the second phase of strong differentiation (focus on strong narratives or main narrative sectors). After Bitcoin's adjustment, it feels like a significant catalyst is needed for it to rise further. The statement from Sichuan's government regarding the New York Stock Exchange's bell ringing clearly indicates the desire to push both the US stock market and crypto forward. The market has already anticipated a loosening of policies.
But how much commotion will it really create? The unexpected force and commotion could be the catalyst later.
Be ready to ambush these 4 altcoins for 100x potential!
1. LINK
Chainlink, the 'connector' in the blockchain world. It integrates real-world data with smart contracts; the entire crypto ecosystem cannot operate without it. No need to say more, this stable potential stock will let time reveal its true value!
2. NEAR
The NEAR protocol is a decentralized Layer 1 blockchain designed to make decentralized applications (dApps) easy to build and use. NEAR employs a unique sharding method called 'Nightshade' to achieve scalability, and by supporting languages like Rust and JavaScript, NEAR simplifies the dApp development process. NEAR uses a Proof of Stake (PoS) consensus mechanism, reducing its carbon footprint. It focuses on scalability, simplicity, and user-friendly tools, making it a popular choice for developers.
3. UNI
Uni has recently experienced a significant surge, but its historical performance tells us that it still has huge upside potential. During the last bull market, Uni's price once soared to a high of $45. In comparison, the current price range of $17 to $18 is not too high. Of course, for short-term investors, they might notice that Uni has recently risen a lot, presenting a certain risk of correction. So, patiently wait for a correction opportunity and buy at lower prices to reduce costs.
4. DOGE
Dogecoin is a coin I have always been optimistic about and has influence in the market. Its trading price is $0.407, having risen 3.04% in the past month. The total supply of Dogecoin is 147.18 billion, with no maximum supply cap, and its circulating supply matches the total available tokens. The market capitalization is $59.43 billion, recently increasing by 2.06%. Meanwhile, the 24-hour trading volume is $4.31 billion, accounting for 7.42% of the market cap.
Over the past year, Dogecoin has grown by 315%. It has outperformed 83% of the top 100 cryptocurrencies like Bitcoin and Ethereum. Its trading price is 97.32% higher than the 200-day simple moving average of $0.204641. This indicates that bullish momentum continues. Additionally, Dogecoin has performed steadily, recording positive returns on 17 out of the last 30 days, which is equivalent to 57%.
The market sentiment for DOGE remains neutral. However, the Fear and Greed Index is at 76, indicating 'extreme greed'. Its liquidity is comparable to its market capitalization, making it available for trading.
