Bitcoin has the strongest bottom-fishing signal! Are Ondo and Tru worth investing in?
Today is Sunday, April 28, 2024. Bitcoin prices continue to fluctuate at low levels. The Bitcoin market lacks a clear sense of direction. Previous attempts to break through MA200 ended in failure.
Bitcoin has never approached the MA200 moving average since then, but in the process of low-level fluctuations, the previous $66,250 column was very high, and now it has become much shorter, while the $64,000 column is rising rapidly.
Since the URPD indicator was updated earlier this week, a big change has indeed occurred in a week. Bitcoin at $64,000 has been purchased in large quantities. If Bitcoin continues to fluctuate in this area, perhaps we will see the left column become higher, and Bitcoin below $64,000 will also be more attractive.
The recent setbacks in the cryptocurrency market and Wall Street are the biggest reason behind this. Traders are very pessimistic about the situation and believe that the Federal Reserve may not release water this year, which will cut off the follow-up funds for the cryptocurrency market and US stocks, so it has caused market panic, causing Bitcoin ETF funds to be in a state of outflow recently, but the godfather of the cryptocurrency market, Hayes, has issued the strongest signal for bottom-fishing.
Because many people have forgotten a major premise, that is, the United States will return to a large market this year. Election, before and after each election, 🐳qun scab👀玮: 1983211157 These leaders will release various favorable policies. For example, the last election was in 2020 when Biden came to power and began to vigorously stimulate the economy, causing the cryptocurrency circle and US stocks to surge in that year, and this year's election will be no exception.
Because once they let the economy fall into recession in the election year, the chances of the incumbent president's re-election will drop from 67% to 33%, so all previous leaders will be crazy about pulling the market this year, and Hayes believes that the current Wall Street is too pessimistic, because in the second half of this year, there will not only be a large amount of money printing by the Federal Reserve, but also various favorable policies of the president, plus the halving of the cryptocurrency circle, and the huge influx of funds from Bitcoin ETFs, this year's cryptocurrency circle will definitely usher in an epic and violent bull market.
First of all, the question that everyone is most concerned about is whether there is still a bull market in the cryptocurrency circle? When will it start to explode? No matter how the market hypes up the negative news now, the big surge will start one month after the production is halved without exception, because the halving itself is the biggest positive. It will reduce the total production of Bitcoin by nearly one million in the next cycle, making it difficult to get a single coin, so it will unreasonably start a violent bull run.
Of course, it will not explode immediately after the halving, because when the halving happened last week, the short-term trend was that it would shake out the market for a month, and only after shaking out all the retail investors would it completely start the bull market.
Why hasn't it risen after the halving, and the last bull market was even more terrible. Some of them were simply a collapse of the sky, with the epidemic and the city lockdown. Many people were selling Bitcoin, but the currency circle still started the bull market under such a big negative, and this round of bull market is simply too happy. There is no black swan like the epidemic, and at the same time, there is an influx of enthusiasm for Wall Street ETFs. Bitcoin has broken through the previous historical high before the halving, and the demand is far greater than the previous bull market cycles.
So don't be washed out by this last wash, so which coins are worth our layout?
The first is Ondo, which is closely related to Wall Street, and it also has a huge benefit in it, because you have to know that the biggest trend in this bull market is Bitcoin ETF, and its leader is the trillion-dollar giant BlackRock. The Bitcoin ETF under its management is as high as 18 billion, which is a real giant in the currency circle.
And Ondo's product OUSG tokenizes BlackRock's SHV US bonds on the chain, and its USDY tokenizes bank demand deposits. It is the real leader in the RWA track. In the future, it will definitely launch more traditional financial products on the chain, and the bull market will definitely be full of topics.
The Ondo team itself comes from institutions such as Goldman Sachs and Bridgewater Fund. Many large funds are planning this project. More importantly, Ondo, such a big dark horse, has not yet been listed on Binance's spot because it has just been released. It has only been listed on Binance's contracts. It will definitely be listed on Binance's spot later.
If you want to pursue higher returns, you can also look at the RWA projects such as Tru and OM, which have a smaller market value. They can rise or fall by 20% just like they have a 5x leverage. They have fallen very badly in the current bear market, giving us the opportunity to enter the market at a low price, and they will soar in the bull market. Because their market value is very small, any small amount of funds will start the explosive pull mode, so they are high-risk and high-return varieties. Only such coins can have dozens of times the opportunity.
The other two high-risk and high-return coins are the newly released Dogecoin WIF and PEPE in this cycle, especially WIF. It is very likely to be the new Dogecoin king in this bull market, catching up with the predecessors Dogecoin and Scoin. The person behind this coin is even more extraordinary. It is called the Wall Street gambler. Whatever makes money quickly must be the Dogecoin. Who would play with such expensive Bitcoin, right?Therefore, the mass base of the Dogecoin track is absolutely beyond your imagination.
If you are looking for stable growth and can significantly outperform Bitcoin, then BNB is definitely the best choice. It is simply too strong. Recently, all the coins in the coin circle have fallen, but BNB has been able to maintain its stability under such circumstances. It is simply not enough to describe it as awesome. There are three reasons behind this:
The first is that Binance is too rich. Various support for this coin can only go up and not down.
The second is that no one sells it. If no one sells it, then he will not sell it, because only BNB can be issued every week, and it can get a 2.5% return in just a few days. It is a 100% annualized return 40 times a year. It is too late to just add positions, so who would sell it?
The third is that MetaDrop is online today. Now holding BNB coins, not only can you mine, but you can also receive airdrops. While mining Rez, you can also receive airdrops of Bounce bit (BB). Although it cannot make people rich overnight, it is a steady stream every day.
So BNB is definitely worth a long-term layout. Moreover, it can still maintain its strength in this negative environment. Once the market recovers, it will announce a new stock offering, which is likely to directly break through the previous high and start a new round of violent pull-up mode.
