This round of Bitcoin halving event did throw an unexpected stone into the market, stirring up ripples, but not as expected. Throughout history, Bitcoin halving is often accompanied by a market boom in the following months, but this time there was an unusual calm, and the price even fell from the peak of 63,000 at the time of halving, which makes people wonder: Is the chapter of history turning over a new page, or is the climax just about to begin?

Indeed, the essence of Bitcoin halving mechanism is to reduce the supply, which should theoretically trigger the imbalance of supply and demand in the market and push up the price. Coupled with the general psychological expectations and capital hoarding effect of the market, the positive market response after each halving seems to have become a law. However, this "abnormality" may be a reflection of the maturity and complexity of the market, and it no longer simply follows the past trajectory.

It is worth noting that although the price did not soar as expected in the short term, there are undercurrents in the market. The approval of ETFs, the entry of heavyweight institutions such as BlackRock, and their continued increase in positions rather than selling, all send positive signals. The long-term perspective and firm confidence of these institutional investors may indicate that the Bitcoin market is brewing more profound changes.

Therefore, facing the current "calmness", we may not need to worry too much. Although history has its own rules, the market is always full of variables. The future of the Bitcoin market may be slowly unfolding its magnificent picture in a way we never expected. Let us remain patient and rational, and look forward to the brilliant light that is about to bloom.


Buy these cryptocurrencies in 2024 and get 100 times the return!


1. SHIB

The SHIB community has officially taken a key step to strengthen its development capabilities on the Shibarium platform by launching the ShibDev portal, which is seen as an important sign of the strategic upgrade of the Shiba Inu ecosystem. Chief Marketing Officer LucieSHIB emphasized that the portal is not only a platform, but also an important toolkit to promote innovation in decentralized applications (dApps), paving the way for developers to the future.

The launch of ShibDev heralds that Shibarium will play a more central role in its continued evolution. It is worth noting that although Shiba Inu initially became popular on the Internet as a "stalker coin", a series of recent innovative initiatives have demonstrated its determination to transform into deep development and broad scalability. The establishment of this portal is precisely to respond to the growing community needs and help Shiba Inu stand out in the fierce competition of Ethereum's second-layer solutions.

This positive transformation trend is expected to inject new impetus into the long-term value growth of SHIB tokens. At the same time, market data revealed a significant change: large-amount SHIB transactions surged by 282.8%, involving an amount as high as 1.97 trillion SHIB. Behind this is a clear shift in the behavior of whale-level investors, which indicates an increase in market confidence and capital flows. acceleration.

Currently, the SHIB token is trading at a stable price of $0.00001324, with a modest increase of 0.95% in intraday trading volume. These positive market dynamics further prove the substantial progress Shiba Inu has made in expanding its ecosystem and attracting high-quality investors. With the continuous growth of the ecosystem and the continuous deepening of innovation, Shiba Inu is steadily moving towards a more brilliant future.

2.ABOUT

Sui Blockchain’s breakthrough in enabling transactions without an Internet connection marks a new era in the cryptocurrency space. This innovation hits home, providing unprecedented financial resilience in areas plagued by Internet instability, such as areas prone to natural disasters or weak Internet infrastructure.

Sui's offline transaction technology aims to bring more stable and reliable financial services to these regions, demonstrating its grand vision of narrowing the digital divide. Not only that, the potential of this technology goes far beyond its direct service scope, and it heralds a profound change in the field of Internet of Things (IoT), allowing IoT devices in the DePIN project to be more seamlessly integrated into the decentralized ecosystem, promoting the widespread application and popularization of technology.

In terms of the market, the performance of Sui token is also eye-catching. The current trading price is stable at $0.8232, with a daily increase of up to 4.45%. It not only stands firmly above the 200-day simple moving average, but also stands out from its initial offering price, showing strong market appeal.

Although it will take time to observe the long-term impact of this innovation, early signs have shown its huge development potential. With more and more users adopting and the active participation of the developer community, Sui blockchain technology is expected to embark on a journey of sustained growth. For investors seeking high-quality investment opportunities in the cryptocurrency field, Sui is undoubtedly an object worthy of in-depth research and consideration, and its future development may become a force that cannot be ignored in the industry.

3.NEO

Neo (NEO) has shown extraordinary resilience during the recent market turmoil, bucking the trend and rising, and its upward trend has become a bright spot in the market. This recovery trend not only highlights the inherent positive factors of the Neo project, but also reflects its standout among the overall industry trends. Despite Neo's relatively small market capitalization, its price performance has been a runaway horse, achieving significant value appreciation even in a volatile market.

Neo's unique dual-token system - NEO and GAS, each performs its own functions and jointly drives the prosperity of the ecosystem. As a governance token, NEO gives holders the right to participate in decision-making and staking, while GAS, as a transaction fuel, supports every transaction on the network. This design not only promotes the healthy development of the ecosystem, but also enhances the practicality of the token.

On the technical level, Neo adopts a governance mechanism that combines Proof of Stake (PoS) with Delegated Byzantine Fault Tolerance (dBFT) protocol to ensure the security and democracy of the network. This innovative design makes the Neo network outstanding in transparency and anti-threat capabilities, providing users with a trustworthy trading environment.

From the market data, Neo has achieved a 3.06% increase in the past 24 hours, showing strong upward momentum. At the same time, its liquidity remains at a high level, and the trading volume to market value ratio has reached 0.0584, further proving the activeness of the market. Although the current trading price is still 18.35% away from its 200-day simple moving average (SMA), looking back over the past year, Neo has soared 43%, surpassing nearly half of the top 100 cryptocurrencies in market capitalization, showing extraordinary growth potential.

In summary, Neo's resilience in the face of market fluctuations, its unique dual-token system, and its advanced security governance mechanism together constitute the core elements of its investment value. For investors seeking to find high-quality investment targets in the cryptocurrency market, Neo is undoubtedly an object worthy of in-depth research and attention.

4. GHOST

AAVE is in an upward channel, and its daily trading price remains firmly above the 200-day exponential moving average (EMA), showing positive growth momentum. At the same time, its relative strength index (RSI) remains in the neutral zone, neither touching the overbought limit nor falling into the oversold zone, which further confirms the stability and potential of the market situation.

In the context of the current slightly sluggish market, the giant investors in the cryptocurrency field, whales, have keenly captured the potential and value of AAVE and have made large purchases. Recently, Lookonchain, a well-known on-chain data analysis company, released a striking report through its X platform (formerly Twitter), revealing that a heavyweight whale purchased 50,504 AAVE tokens worth up to $6.78 million from Binance, the world's top cryptocurrency trading platform, at one time.

After this large transaction, the whale's AAVE holdings have grown significantly and now hold 125,605 tokens, with a total value approaching US$16.9 million, and its average purchase cost is approximately US$134.6 per coin. This series of actions not only demonstrates the whales' high confidence in the future development of AAVE, but also reflects their strategy and determination to continue to be optimistic and increase their holdings of AAVE tokens even during periods of market volatility.



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