As of August 2024, the Sahm Rule Recession Indicator stands at 0.53, up from 0.43 in June 2024. This increase signals a potential recession, as the indicator surpasses the 0.5 threshold, often associated with economic downturns. With the market sensitive to such signals, it’s crucial to monitor this indicator closely over the next few days. A continuation above 0.5 could trigger further market reactions, potentially leading to a significant pump or dump in the crypto market.
How to Approach the Next Few Days
Given the potential impact of the Sahm Rule Recession Indicator, it’s advisable to adopt a cautious approach:
1. Stay Informed: Monitor the indicator and other economic data closely. Any significant updates could influence market behavior.
2. Risk Management: Consider reducing exposure to high-risk assets or deploying stop-loss orders to mitigate potential losses.
3. Prepare for Volatility: The market might experience significant fluctuations. Be ready to act quickly if there are sudden market movements.
4. Diversify: Spread your investments across different asset classes to reduce risk.
By staying vigilant and prepared, you can better navigate the market’s potential reactions to economic indicators in the coming days.
There are few coins that are trading at all time low price, keep and eye and buy the dip
Tell me have you noticed any pattern? Regarding token listing in binance future. If you noticed rare, sys, syn, sun, vidt tokens, you know there’s a pattern. First it pumps a 10-20% on a 15 mins candle, then it continues holding the price and slowly going up for like two days and then Binance announce the future listing and it pumps another 50% to 100%.
Tell me which coins fall in this category that haven’t been listed on binance future yet
let’s discus the potential token that might be listed next.
The strategy should be very simple, buy on the trend line in 4hrs or 1day chart.
Whatever coin you choose, just check if its making higher low, buy it and immediately put your SL on the trend-line breakout. You won’t lose more than 3-5% but you have a chance to gain 15-20%, if lucky may be 50-100%
Find those coins that haven’t been listed on Binance futures, but has a good volume for the last few days. $RPL
Try to accumulate some coins that are lower than its previous all time low. For example,
1. $LRC is undervalued, the fair value should be at least $0.17
2. $CYBER look good to buy around 3.3 for the moment, remember anything related to AI is no good. It will crash hard in bear market. We are here talking about bull market. Hence for short term gain, you may consider buying some Cyber.
3. Have some $CHZ and $GTC token. Very small amount.
The GameFi sector is indeed poised for significant growth, especially as we approach the next bull market. Currently, GameFi tokens listed on Binance have a combined market cap of around $10 billion, which is expected to surge dramatically as the crypto market experiences renewed interest and investment.
Moreover, the broader transition of Web2 projects to Web3 is anticipated to bring new audiences into the GameFi space, expanding its market potential. Big tech companies and major game developers are also entering the blockchain gaming scene, adding credibility and drawing in more users.
Here's a breakdown of how some major GameFi tokens have gained traction over time, particularly in terms of unique addresses or users involved in their ecosystems:
1. Axie Infinity ($RONIN ) * Unique Addresses: By mid-2023, it had over 2.8 million unique addresses on the Ronin blockchain.
2. Gala Games :$GALA * Unique Addresses: Gala Games has also seen substantial growth. By 2023, the platform had over 1.3 million unique addresses.
3. Yield Guild Games $YGG * Unique Addresses: YGG, a decentralized gaming guild, has grown rapidly with over 110,000 unique addresses by 2023.
4. Immutable X (IMX): * Unique Addresses: Immutable X, which powers games like Gods Unchained, has seen steady growth with over 250,000 unique addresses. Its focus on zero-gas fees and scaling Ethereum for games has made it a popular choice for developers and players alike.
5. Enjin (ENJ): * Unique Addresses: Enjin, known for its work in NFTs and gaming, has over 500,000 unique addresses. Enjin’s platform has been widely adopted for creating, managing, and trading NFTs across various gaming platforms.
6. Pixie (PIXEL): * Unique Addresses: PIXEL is still in its early stages with about 20,000 unique addresses.
Given these dynamics, it's reasonable to predict that the market cap of GameFi tokens could multiply several times in the next bull market.
Don't be afraid, market might be giving another chance to those who missed, August 22 is the important day. Mark your calendar. We will get clear indication where market will be moving.
Nobody in the world knows market's exact movement. We have to take the risk sometime. This is the time I take risk. I will invest heavily by August 22 night. Let's see.
Very soon binance is going to remove its monitoring tags from the coin $SUN . Then it will launch the perpetual trade. #SunPump meme is the narrative in the memecoin market. It’s just the start.
PEPARE YOURSELF, THIS IS EXACTLY HOW THE MARKET WILL BEHAVE FOR THE NEXT 20-25 DAY
On 4th August, I lost $790 from my spot wallet and $65 from futures. Mainly, I had sold some tokens on the marketplace around 11 AM that were in loss. Thanks god, otherwise, I might be in big trouble coz the next day alt coin dumped about 50%. Biggest dump since 2022.
These events have led me to decide that I won’t invest in any altcoins before the 20th of this month. Today is the day.
In the last FOMC meeting, the interest rate was not cut, which suggests that the market believes the dollar needs to get stronger. As a result, the dollar index price is starting to go up, and the crypto market is undergoing a significant correction.
However, since it’s now almost certain that there will be an interest rate cut in the next meeting on September, and the market has already corrected itself, the nest 20 days leading up to that FOMC meeting are going to be pretty bullish. So this is the right time to invest.
On the day of the meeting, we’ll likely see that the prices of most tokens have already risen significantly. When the announcement comes that the interest rate has been cut by 50 basis points, most people will think that it’s super bullish news. However, that could actually turn into a "sell the news" event.
Bitcoin might make a quick upward move and then start dumping, causing altcoins to bleed as well. But this will likely be temporary. In the long term, an interest rate cut is bullish.
$EDU Community led educational protocol to build a decentralised campus, more than 200 new projects are coming in,
Forget everything, just remember it’s a project CZ loves and actively took part in. CZ to be released on 31st August. This token is gonna pump up to 1$ minimum.
The next turn unlock is on October, so selling pressure expected to be low. Very good time to accumulate some.
The recent CPI data has set the stage for potential Federal Reserve rate cuts, with the focus now on upcoming jobless claims and retail sales reports today in a few hours.
These reports will be critical in determining the size and timing of the rate cuts. Lower-than-expected CPI has increased speculation of a rate cut, but the final decision depends on the strength of the job market and consumer spending.
Stay alert for the next one hour. We are going to see market changing it’s momentum, bullish
Fetch.ai, SingularityNET, and Ocean Protocol are merging their tokens $AGIX, $FET and $OCEAN into a new unified token named $ASI as part of the Artificial Superintelligence Alliance!
$DYDX is at the dip, it's going to be biggest decentralized crypto exchange by the end of this year, excellent oppurtunity for the long term holder, buy some at this price