Historic moment!
The door to interest rate cuts has been opened, and the difficult days are coming to an end. The altcoins will not be as weak as before. The reason for the previous weakness was that the pie circle was getting bigger and bigger, and there were more and more currencies, but the funds in the market were limited, which led to the weakness of most altcoins. Once the Americans start to cut interest rates, funds will be redistributed, but this requires a process. For example, when the interest rate began to rise, it took more than 1 to 2 years for the big pie to fall from 69,000 to 1.5, but it will not take so long for the altcoins to explode. At least before the Spring Festival, it is foreseeable that the overall increase will be 2-3 times.
Current market conditions!
The market did not continue to trade the 50 basis point recession expectations. On the contrary, with expectations factored into the price, it has gone through a vigorous rally. The Fed also cut 50 basis points, relying on the art of expectation management, without causing any panic in the risk market. It was really wonderful. The start of the rate cut means that liquidity will be gradually released. Powell finally talked about a lot of data on unemployment and inflation, leaving uncertainty for the subsequent rate cuts. But in any case, the sum of the last two rate cuts this year is also 50 and 75 basis points. Therefore, we can be sure that the release of liquidity has begun, and liquidity will improve significantly over time. Today, the Asia-Pacific region opened with a general rise, and Europe is expected to be not too bad later. Looking at the currency circle, there has also been a long-lost general rise. These signals all indicate the expectations brought about by the improvement of the capital market in the future.
With the entry of Wall Street, the transaction difficulty of the market has increased rapidly, and the money-making effect has become extremely poor. It can even be said that it is only a bull market for Bitcoin and has nothing to do with other currencies. Recalling when the United States just started to raise interest rates in 2002, Bitcoin at that time also reached a high of 69,000. After a round of interest rate hikes, Bitcoin hit a new high of 73,000. This means that even in an adverse situation, Bitcoin is still the most important incremental market in the world. Once the adverse situation turns into a favorable situation and the interest rate hike turns into a rate cut, then Bitcoin's strong return will eventually appear, because Bitcoin has become a consensus among people, but institutions and investors in many countries choose to wait and see this emerging asset. These capitals are the main force for the future rise of Bitcoin.
Recommended coins that have seen good growth recently:
» First Neiro On Ethereum（￥NEIRO）
Market cap: $330 million
24-hour volume: $772 million
Earlier today, $NEIRO rose above $0.00082, a gain of 118.1% to reach a new all-time high. We previously reported that the price of $NEIRO rose by 50.76% on September 17 to $0.0006043.
That’s a 2064% increase in one week.
The continued surge is a chain reaction to KuCoin’s official listing announcement, following Binance’s launch of Neiro Ethereum on its futures market a week ago. With the inclusion of NEIRO on its spot trading platform and deposits through the ETH-ERC20 network, KuCoin aims to provide users with a seamless trading experience.
According to coincarp, 0x28c6..21d60 has a total of 147,872,601,448 NEIRO, which represents 35.15% of the supply, which is approximately 115,044,883 million at the time of writing.
Next is 0x187..da12e, listed as HTX, with 7,140,000,000 NEIRO, for a total of 5,569,200 million.
» ￥UXLINK
Market value: $115 million
24-hour volume: $867 million
Recently, $UXLINK's performance in the market has attracted widespread attention, with its 24-hour spot trading volume exceeding 1 billion US dollars, especially on UPBIT, which accounts for half of the total.
This magnitude shows that the market has reached a consensus that the value of $UXLINK is being gradually discovered and may become a key force driving the next round of altcoin market.
This round of $UXLINK's rise mainly came from the Korean market.
UPBIT first discovered its potential: it has a real user base, real user volume, reliable partners and a stable source of income. As a leader in the social field, $UXLINK's position in the market is becoming more and more consolidated. From the current point of view, the circulating market value of $UXLINK is only 100 million US dollars. The project is reliable, compliant, and has been built. The token distribution is very community-oriented. Compared with its actual value, it is suitable for long-term participation in the ecosystem to build together!
