The ETF did not directly pull up the market, and the result was good! Which altcoins with potential can be bought at the bottom!
Today is Friday, May 24, 2024. The SEC has approved all spot E-Ethereum ETFs at the same time. This is the second major milestone this year. The top two cryptocurrencies now have spot ETFs. In the past ten hours, Ethereum has fluctuated greatly, with price fluctuations ranging about 10%. Ethereum's highest point is close to $4,000, and the lowest point briefly approached $3,500.
Late yesterday, according to Bloomberg ETF analyst Eric, U.S. congressmen wrote to urge the SEC to approve the spot Ethereum ETF as soon as possible, and also mentioned other digital asset ETFs. It seems that after the Ethereum ETF is approved, there will be more cryptocurrency spot ETF applications in the future. Under the current leadership of Democratic President Biden, it seems that in order to gain more support from young people, the SEC has changed its original attitude for political needs. In any case, the final result is what we hope to see.
Yesterday, ETH plunged and quickly pulled back! What is the signal? Which altcoins with the potential to increase tenfold can be bought at the bottom!
Ethereum started to go down at nearly four in the morning. We can see that there is no large amount of liquidity in the currency circle at present, and it is all affected by news. At three fifty-eight in the morning, Bitcoin and Ethereum went down. Bitcoin only fell by one thousand dollars, while Ethereum fell by more than two hundred dollars. Ethereum should have exhausted all the good news this time, but the price of the currency did not rise significantly. It should be that the market was ahead of the news.
At present, funds have returned to the big cake, and the copycat should also have a wave of pull-up. Yesterday, we saw Ethereum sucking blood. The next market fluctuation will be an opportunity for the copycat, and many sectors will have the opportunity to make up for the rise.
The second bull market of Bitcoin is coming! These three ten-fold altcoins with huge potential must be bought at the bottom!
In the past few months, a large amount of Bitcoin has been purchased at this price. This column is still quite high and can be regarded as a key support level in the short term. From the 4-hour RSI, it is now almost similar to the lows we have seen before. Bitcoin was oversold in early May, but it successfully rebounded at this level in mid-May. We can look forward to whether Bitcoin will rebound. Even if we may experience a period of sideways trading after the halving as we have seen in the historical cycle stage, I think it is acceptable. After these few months, Bitcoin’s second bull market will come smoothly.
Witness the history of ETH! Is the current price the lowest point? Which ten-fold altcoins can be bought at the bottom!
Now if Ethereum can stay flat, it will be fine, and the copycats will have a chance to perform. Now that the Bitcoin upward channel has been reopened, it will not stop, but the current market sentiment has not been fully mobilized, so the overall market will rise in a two-step forward and one-step backward manner.
The overall copycat is mainly meme. Currently, PEPE has completely become the leader this year and is expected to break away from the previous model of doge and shibi, so it is necessary to pay attention to it. In addition, people and other key points should be paid attention to. The US election reflects the rights of the people, so this type of meme may continue to be fomo by the market.
CKB community member Retric proposed the Nostr Binding Protocol. Nostr is an information distribution protocol suitable for large-scale adoption of consumer applications.
The Nostr Binding Protocol is used to create a one-to-one mapping relationship between Nostr Event and CKB Cell. Ordinary users can create and distribute native assets in the Nostr social network based on this protocol. Through RGB++, these assets on Nostr can also be controlled by Bitcoin addresses. Client developers can build products on it. Unlike ETH dApp, which is divided into two systems (one is the off-chain server and the other is the on-chain smart contract), the Nostr Binding Protocol brings a new development paradigm to dApp. It uses a consistent system with different data levels to build dApp.
It is reported that the Nostr Binding Protocol can be seamlessly integrated into the CKB Lightning Network in the future to solve the problem of native payment in social networks. The CKB Ecological Foundation will promote the implementation of consumer-level applications based on the Nostr Binding Protocol in the BTC ecosystem.
In my opinion, this scheme of combining#Nostrand #UTXO-based blockchains for decentralized applications has several potential advantages: https://talk.nervos.org/t/btc-ckb-nostr-web5-introduce-nostr-binding-protocol/8132
1. As a simple and open protocol, Nostr is easy to integrate with various clients and applications, providing a broad ecosystem foundation for projects such as SocialFi. Developers can leverage existing Nostr tools and communities to accelerate development and adoption. 2. By binding Nostr events to CKB Cells, social data acquires the tamper-proof properties of on-chain assets, ensuring the rights of social assets. The flexibility of events allows minimizing on-chain data and achieving storage scalability. In addition, this scheme provides value support for user-generated content, as well as the potential for migration on UTXO-based chains, providing a foundation for building decentralized identity and reputation systems. 3. For CKB or#BTCL2 ecosystem, this scheme and other schemes that divide business into three layers (BTC asset rights, CKB on-chain verification, and DApp business execution) will provide a wide range of application scenarios and promote mass adoption.
Why do I focus on pushing CKB RGB++ Nostr? Because it is a new protocol, and the application scenario is worth imagining, increasing the liquidity of BTC! When everyone is blindly following the trend, ambush a more promising protocol and use the minimum funds to bet on the biggest result!
Finally approved. Before, a lot of fake news was flying around, which was undoubtedly a wash. Now that the price has stabilized, it is good for the long run! Of course, we need to wash out the high leverage and the unconfident ones first before the rise, so that there is no pressure and the market is relatively healthy! ! The U.S. Securities and Exchange Commission approved VanEck's spot Ethereum exchange-traded fund to be listed According to ChainCatcher, the U.S. Securities and Exchange Commission has approved VanEck's spot Ethereum exchange-traded fund to be listed on the U.S. stock exchange and approved the asset management company's 19b-4 form. Matthew Sigel, head of digital asset mining research at VanEck, told Fortune magazine in a statement that this is one of the biggest regulatory 180-degree reversals of the U.S. Securities and Exchange Commission in recent years. The approval will also cover eight pending 19b-4 forms issued by companies such as Bitwise, BlackRock and Fidelity.
Four days ago, many people thought that there would be no more alt season. Now Ethereum has become stronger and there is hope that ETFs will be fully approved.
Sell in may>Ethereum spot 19b-4 approved>Crypto-friendly policies during the US election, this wave of rise in May is an opportunity for everyone to sell, not to increase positions.
The cryptocurrency market has ushered in the best scenario of the altcoin season. ETH ETF has been approved but has not yet been listed. At this point in time, BTC and ETH are likely to be sideways at high levels, giving various altcoins opportunities. It depends on whether the altcoin dealers are strong enough. Every sector has opportunities, even the BTC ecosystem. However, no matter what ecosystem it is, my choice is low market value + strong dealers:
1 Trump cannot win the election. If Biden is elected, digital currencies may adjust significantly. 60,000 will reappear. 2 The counterfeit market will rise in turn, but there will no longer be 100 times the currency. It may be difficult to see even 10 times. 3 The big cake and the second cake may fluctuate slowly for 1 year. Let's see in 25 years.
The market always rises amid doubts. At present, some people believe that it will pass, and some people believe that it will not pass. These two groups of people have formed inconsistent market expectations, and the market can only continue under such circumstances. Therefore, as I said yesterday, before the news is released, all the retracements can be boldly entered. They will continue to be hyped. What we need to do is to control our positions! Just be able to advance and retreat freely!
Because you overlooked a very important fact, the essence of this round of rise is Bitcoin's quarterly line B wave. That's why everyone feels that this round of funds is insufficient and narrative is insufficient, but everyone cheers that Bitcoin's eternal market is still there because of the new high. As a B wave, it is not much higher than the previous high of 69,000 in the previous round.
In the trading market, the size of the funds is not important at all. Losses are all in percentages. All the money, no matter where you got it from, has the same chance of becoming 0 at any position. This chance exists at the moment, and no one can get rid of it at any time. This is "unprecedented". The current trend is like a rapidly rolling butcher knife. Anyone who goes against it will be slaughtered, and those who follow it will have their blood slaughtered become the best feast.
Pay attention to ENA You can ambush at low prices, Ethereum series coins Currently pay attention to the pressure level of 0.8687 As long as it stands firm and breaks through, it will take off. If it cannot break through, it will fall back Pay attention to 0.85/0.846/0.837 below, aggressive current prices can be entered Stability can be squatted for a while
📢Good news! Binance Research Institute has recently released a research report on the LISTA token, revealing the economic model of LISTA. 🔍
📊The report shows that by May 23, 2024, the total supply of LISTA will reach 1 billion, and the circulating supply after listing will be about 230 million, accounting for 23.0% of the total supply. The amount of Binance Megadrop is 100 million, accounting for 10.0% of the total supply. 🚀
📑The report also lists other types of allocations in detail: airdrops account for 10.00% of the total, investors and consultants account for 19.00% of the total, and the team accounts for 3.50% of the total; the community accounts for 40.00% of the total, the DAO treasury accounts for 8.00% of the total, and the ecosystem accounts for 9.50% of the total. 📈
🎉This is exciting news, and the optimistic attitude towards Bitcoin also makes us look forward to LISTA! Let's pay attention to the latest developments in the blockchain industry together! 🎉
Keep repeating the following for a few years, and financial freedom is just a matter of time:
1. If you don't chase highs or hot spots, you will beat 50% of people
2. If you don't do ultra-short-term trading, you will beat 70% of people
3. If you choose coins based on fundamentals, you will surpass 90% of people
4. From large to small, look at the monthly line first, then the weekly line, and almost surpass 95% of people by entering the market from the daily line
5. Don't touch leverage and reject all temptations of leverage
Daily Market Analysis - BTC Last night there was a spike, reaching the 66400 area. From my perspective, it still feels like there will be solid candles reaching the 66400 area for support testing.
So for those who are still observing BTC, you can be a little more patient.