CPI meets low expectations, the price of pie returns to 66,000, those who are afraid of high prices are miserable
1. Overnight, the CPI data released by the Nice Stock Exchange met the low expectations. Traders firmly bet on the expected rate cuts in September and December. BTC rose sharply to 64,000. After the opening of the U.S. stock market, the power of ETF pushed the price above 66,000. From the 1-hour K-line indicator, there is a need for a correction. The 4-hour, 12-hour and daily indicators all show a bullish trend. In terms of operation, you can take more positions after a correction and just HOLD the spot.
2. As of 4:00 a.m., the net inflow of funds into Bitcoin ETFs on the U.S. stock market that day was $166.93 million, including:
The largest net inflow was from IBIT under BlackRock: $196.64 million
The largest net outflow was from Fidelity’s FBTC: -27.42 million USD
3. Judging from the Bitcoin transaction liquidation map, most of the short positions have been liquidated, and only a few short positions are still resisting, and the long positions simply do not have enough counterparties.
The next strategy is:
1. If it is a new coin, don’t dream of a bigger market if it reaches 2 times on Binance. Don’t touch the market value of more than 1 billion on OKEx as the liquidity cannot support it at all.
2. Take the projects that were issued in the previous round and have unlocked at least 50% as one of the screening criteria, and pay close attention to the large unlocking in your holdings list. Don’t be superstitious about the argument that unlocking will pull the market up.
1. BABY
PEPE (PEPE) is a memecoin that capitalizes on the internet fame of Pepe the Frog. Launched in April 2023, PEPE rode the memecoin wave to early success. Built on the Ethereum blockchain, it achieved a market cap of over $1 billion in just three weeks, a feat much faster than established memecoins such as Dogecoin. This rapid growth was driven by social media buzz and the general hype surrounding memecoins at the time.
PEPE recently set a new all-time high target of $0.00001101, having surged 21% in the past 24 hours. The frog-themed meme coin is currently trading at $0.00001072 with a whopping 24-hour trading volume of $2,821,615,466, an increase of 325%. Over the past month, PEPE has experienced a significant uptrend, gaining as much as 105%. This surge in value is not an isolated event, as PEPE also exhibited a similar pattern earlier this year. With its continued upward trajectory and history of significant gains, PEPE is an attractive investment option for May.
2.WIF
Dogwifhat (WIF) is a cryptocurrency that has some unique characteristics but also lacks clear information available online. Dogwifhat has its own cryptocurrency token (WIF). As of May 15, 2024, CoinMarketCap is priced at approximately $2.92 and has a market cap of approximately $2.9 billion. Dogwifhat has some trading volume, but it is difficult to assess its overall liquidity based on public information.
Dogwifhat is a well-known meme coin on the Solana blockchain that has continued to surge in value over the past few months. It is currently trading at $3.07 with a market cap of $3,070,922,848. Of particular note is the recent surge in demand, with a notable 122% increase in trading volume in a single day. With an all-time high of $4.85, there is great potential for further gains in the coming month. Analysts have been discussing the possibility of a significant Dogwifhat price increase in May, with the potential to surpass the $10 threshold.
3.FLOKI
FLOKI is a meme cryptocurrency inspired by Elon Musk's Shiba Inu puppy. It was created in June 2021 and quickly became popular among Dogecoin fans. FLOKI is currently ranked 131st by market cap.
Utility Token: FLOKI is the utility token for the Floki ecosystem, which includes a play-to-earn game called Valhalla, a non-fungible token (NFT) marketplace called Floki Marketplace, and a decentralized exchange (DEX) called FlokiSwap.
Strong Community: FLOKI has a strong and passionate community that supports the development of the project. The community is active on social media and regularly participates in governance polls.
The project announced a new plan to destroy more than 15 billion tokens, which has aroused positive reactions from investors about its future price direction. This strategic move makes Floki a competitor to Pepe Coin and provides the possibility of significant financial expansion.
Floki, up 9% in the past day and up an impressive 35% in the last month. It has a market cap of $1.89 billion and is ranked 51st on CoinMarketCap. The recent momentum has made Floki a serious contender in the cryptocurrency market.
4.GME
GameStop (GME) is an American retailer of video games, consumer electronics, and gaming merchandise. It is the world's largest video game retailer by revenue, operating more than 5,500 stores in the United States, Canada, Europe, Australia, and New Zealand.
Currently, GameStop, indicating strong bullish momentum. Ranked 411th on CoinMarketCap with a market cap of $103 million. Since its inception, GME has gained an impressive 2575%, becoming a strong competitor to Pepe Coin and offering the potential for huge returns. Following this trajectory, investors have the opportunity to turn a $10,000 investment into more than $1 million in a week.
5.BONK
BONK is a Solana-based memecoin that launched in December 2022 and is themed around... well, dogs. It quickly gained popularity and even caused a temporary increase in the price of the Solana (SOL) token. Compared to some other memecoins, the creators aimed for a fairer distribution. They airdropped a whopping 50% of the BONK supply to the Solana community, meaning many users received BONK for free.
BONK embodies the spirit of memecoins—lighthearted, community-driven, and with a hint of unpredictability. Its price has fluctuated wildly, reflecting the volatility of memecoins in general.
Currently, Bonk is priced at $0.00002397, up 5% from the previous 24 hours. These figures hint at the potential profitability of investing in Bonk, especially given Solana’s growing prominence. Bonk is poised to outperform in the expected 2024 bull run, offering investors the opportunity to earn strong returns, potentially multiplying their investment by $800.
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