Nvidia's Q2 2024 revenue report reached $30B (x2 compared to last year), exceeding expectations by ~10%. Immediately after the announcement, $NVDA fell ~7% due to the "sell the news" effect
Despite the decrease in profit margins, the demand for AI chips increased, the Sovereign AI market raised its estimated revenue to $11B - $13B, the widespread wave of AI enterprises showed that Nvidia still maintained its position
Looking back at last year, when Nvidia reported Q2 revenue, the price of $NVDA also decreased and went sideways for a short time before exploding, the Crypto market also reacted similarly
With positive signals from Nvidia and the September interest rate cut, the timing just matched last year's period
=> Qualifying for the#AIsystem to grow strongly in Q4/2024.
According to the history of BTC post-Halving fluctuations in 2016 & 2020
-> Sideway phase from $BTC Halvings all end after "160 - 180D" (5-6 months)
If based on the above timing for the current cycle, calculated from the time Bitcoin Halving L4 took place (April 19)
-> End of sw phase in September and early October.
This milestone is quite consistent with the timing of the FED interest rate announcement (September 18) when current data is supporting the first interest rate cut in 4 years.
Many people are criticizing OP because the project claims it is not L2.
Personally, I agree with the project because OP has positioned the project to become a strong infrastructure for blockchain rather than the owner of an L2 segment.
For me, from the downtrend, $OP stack, OP Rollup and then super chain, now affirming the project's position => non-stop development.
I think OP understands what retails understand, which is that L1 can handle everything L2 does in reality, and if you look at it objectively, L2 has no effect on real life.
=> OP must upgrade and expand => not be stubborn like Meme L2 (aes garden peach), not ignore yourself for strangers (like only care about developing hst but the price is slow) => reasonable step for King of L2
$ETH The decrease was stronger than expected (I was waiting for the $2K6 - $2K8 range) but the goods I picked up came back at exactly the new point :D ?? What is it? This storm is big, let me risk my life and go ahead. It's time to fight the market, this time the plan is to buy every time the market crashes strongly in August-September
Ready?
Sothh_HC
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The decline in early August confirmed the strong correction of Q3.
As I've timed before, Q3 will be the time for the traditional market, the financial sector will branch out in the wrong direction compared to the overall economy.
Input data: gold cools down, technology stocks continuously set ATH, businesses begin to integrate Crypto (Fer is just a sell news, Apple integration is an important signal).
Late data: September interest rate cut ambiguity, final steps for election.
Conclusion: Personally, I will wait for the next Altcoin buying zone. No matter what you do, you have to wait for a clear signal. => 2 data need to wait: $ETH ETH under $2K8, Total2 and Total3 reduced by 10% => buyable zone
THIS IS FOR REFERENCE ONLY, DISCLAIMER OF CALLING FOR INVESTMENT.
The decline in early August confirmed the strong correction of Q3.
As I've timed before, Q3 will be the time for the traditional market, the financial sector will branch out in the wrong direction compared to the overall economy.
Input data: gold cools down, technology stocks continuously set ATH, businesses begin to integrate Crypto (Fer is just a sell news, Apple integration is an important signal).
Late data: September interest rate cut ambiguity, final steps for election.
Conclusion: Personally, I will wait for the next Altcoin buying zone. No matter what you do, you have to wait for a clear signal. => 2 data need to wait: $ETH ETH under $2K8, Total2 and Total3 reduced by 10% => buyable zone
THIS IS FOR REFERENCE ONLY, DISCLAIMER OF CALLING FOR INVESTMENT.
SCRIPT: - Trump was assassinated -> selected J.D.Vance as deputy president - Joe Biden withdrew from the race -> Gary Gensler withdrew as well - Trump is close to being elected -> chooses Larry Fink to head the SEC
=> Kalama Harris fell out and became president :D
=> Harris memes hit the roof => a bunch of memes about Trump going to the dike => VCs memes followed => ending the "Meme Super cycle" => new chickens, old chickens die like straw => everything goes back to where it was
If compared, things like tap-to-earn, play-to-airdrop, etc., I think this game is easier to win. It's as easy as when $NOT first came out, the background/backers are good, at least it's more like a game than Dog and Hamster. Not to mention more than 11 million people participating in Hamster and more than 5 million people participating in Dog -> how many parts is the pie divided into? Grab this game before it's too late. Link: https://t. me/ KuroroRanchBot/ranch?startapp=ref-76F78696
Considering Bitcoin's cyclicality and post-halving growth. Comparing the data, we will have two cases: - The explosion started when this week's candle closed with a lucky green color. Similar to Halving in 2016. - The adjustment to create a short-term cumulative bottom has begun, we have just over a month and a half left until everything will explode. This case coincidentally coincides with the timing of the FED cutting interest rates by some experts. economist. Which possibility will be correct?
Taiko, a project announced as the first zkEVM running on Ethereum and supported by Vitalik for direct building and direct shilling. So what's hot about this project? Personally, I'm quite bullish on this one. I already have a detailed analysis on X because it's quite long so posting it here is a bit inconvenient. Full link: https://x.com/xuyennguyen84/status/1805949088472658320?s=46
It's hard to sleep at night and focus on gamefi: the bright names of gamefi this season are being dragged along by the general adjustment of the market, besides there are still some existing projects that are subsidized to buy.
Personally, I'm still waiting for $PIXEL and a clear signal from $RONIN , but from the perspective of an investor instead of a builder, I think everyone should take a look at these three projects: with the leader of gamefi candidate we have $BIGTIME, a short row (if you find a bright spot, you can put it in Hidden gems) has $MNTC - Minativerse and $VIRTUAL - Virtual protocol.
There are projects that are receiving a lot of attention such as Backwood, Kaidro, Beacon. For people with insufficient knowledge about defi as well as other types of web3 products/services, I will choose projects with liquidity at CEX. This season really doesn't have enough time to be able to work and learn things about blockchain, web3, defi, etc. It's really overwhelming.
So $BLAST has started to be liquidated on CEXs, list price is $0.0247, Mcap list is more than $400M, vol list is more than $800M. The important thing is that Upbit is the place with the highest volume 🤔 There's something wrong with $BLAST. When it first appeared, I remember it raised capital and had a very high valuation. The backers were quite large and crowded. That's why $BLAST is called L2's rich product. But currently on basic raised websites there is only $20M coming from a few funds and angel investors. Not to mention the vesting unlock for the team/fund until the end of June 2025. During the last OTC round, there was a huge discharge, some people reached the top of the OTC when the price divided more than 100 times. This pressure can hardly be considered a release from retail, so I will examine the data specifically and update later. In short, in the early stages there will be quite a large downward pressure.
Taiko, a project announced as the first zkEVM running on Ethereum and supported by Vitalik for direct building and direct shilling. So what's hot about this project? Personally, I'm quite bullish on this one. I already have a detailed analysis on X because it's quite long so posting it here is a bit inconvenient. Full link: https://x.com/xuyennguyen84/status/1805949088472658320?s=46
It's been a long time since I've drawn anything with charts or ptkt. Now I'm so itchy that I have to temporarily draw views like this. This is one of the views I quite expect, in the third quarter of 2024 is the time of the traditional market, so I personally must have a specific plan for this case: - What if $BTC falls in the $50K - $52K range? That's it, views are like that, lots of calculations are like that, but this is the view $BTC , I don't know about altcoins, I'm running out of money @@ #BTC☀ #Bitcoin #Crypto #CryptoCurrency