Tonight, Beijing time (21:30), the US October CPI will be released. Everyone should pay attention to the fact that BTC will most likely rise.
Data impact
When the CPI data is in line with or lower than expected, it is a positive signal for the market, and BTC will most likely go higher; conversely, when the CPI is higher than expected, it is a negative signal.
Data interpretation
Consumer Price Index (CPI) is a price change indicator based on the prices of products and services related to residents' lives. It is usually used as an important indicator to observe the level of inflation.
The current market landscape is experiencing substantial growth, led primarily by industry giants such as Bitcoin. This rally is not limited to these behemoths, but also extends to a range of altcoins, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Optimism Coin (OP), Arbitrum Coin (ARB) The rally’s The sign was a 3.87% rise in Bitcoin (BTC) to hit $36,739.46, resulting in a weekly gain of 3.58%. This resurgence is not just a fleeting moment, but reflects growing interest and investment in digital assets
Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Optimism (OP), Arbitrum (ARB) Which one will explode this November?
Ethereum (ETH): Maintaining its leadership position in the cryptocurrency space
Ethereum (ETH) has always held an important position in the cryptocurrency market due to its significant advancements.
Ethereum’s (ETH) trading value reflects its solid position in the market, influenced by technological advancements and investor confidence.
The future of Ethereum (ETH) seems bright due to its continued development and strong market influence. However, it faces network congestion and the rise of new blockchain competitors, challenges that could affect its subsequent price movements.
Ripple (XRP): Facilitator of cross-border transactions
Despite regulatory challenges, Ripple (XRP) remains a key player in cross-border transactions.
Ripple (XRP) value trajectory indicates the potential for recovery and growth, subject to market and legal outcomes.
Ripple (XRP) is known for its innovative approach to payment systems, but it currently finds itself in legal trouble. Its future success will actually depend on its ability to overcome these obstacles.
Litecoin (LTC): Stable and Strong
Litecoin (LTC) continues to perform strongly in the market, with key indicators pointing to a bullish trend.
The price of Litecoin (LTC) reflects its established position in the market, which is further solidified by its reliability and widespread adoption.
The future of Litecoin (LTC) looks bright as it has been growing reliably and showing great potential for wider acceptance. However, it should continue to innovate to maintain its relevance in the competitive market.
Optimism (OP): Tier 2 Innovator
Optimism (OP) is gaining traction, with an increase in token accumulation indicating investor interest.
Optimism (OP)’s trading value is rising, a sign that reflects its growing popularity and potential in the market.
With its innovative approach to blockchain technology, the future of Optimism (OP) is bright. Still, it faces stiff competition from other scaling solutions, a hurdle that could impact its current growth.
Arbitrum (ARB): A game changer for scalability
Arbitrum (ARB) has been recognized for its role in scaling Ethereum dApps, with heavy accumulations by whales indicating strong market confidence.
The value of Arbitrum (ARB) is attracting interest from major investors, indicating a positive market reaction.
The future looks promising for Arbitrum (ARB) given its technological advantages and market adoption. But first it needs to successfully meet the challenges of network adoption and increasing competition.
The following are some of the currencies I selected and my personal views:
#order $order
As for Ordi, there is no need to worry too much about what it is. The important thing is to remember that as long as the narrative of BRC ecology still exists, Ordi will continue to exist. Considering the current small market capitalization, there is still a lot of room for growth. When institutions really start to intervene and everyone enters the market one after another, there is no need to worry about whether Ordi has reached its peak. Before that, the pullback is an opportunity to add positions and enjoy a happy time. Ahan believes that this is a T0-level spot long-term holding target. The target may be AXS, the leading oil refining project, and the target price will first be around 100. Ahan believes that the BRC ecological narrative may be like the previous round of metaverse narrative, which will trigger a climax for the whole people both inside and outside.
#rune $RUNE
Ahan didn't do much research on Rune, and he couldn't find any good analysis articles, which caused Ahan to miss the early wave of gains. But later, after hearing the introduction from a friend, I felt that it might become the next double-helix project similar to luna.
#Meme $MEME
Regarding Meme, I just want to point out a few key points for everyone to judge for themselves:
The mining period of bn is still more than half a month long, and with the daily releases and various airdrops that are not unlocked, it may become the next sui project, but the probability of this happening is small.
It is essentially a virtual currency wrapped in a meme shell.
It is related to the price of NFT related to memeland ecology.
Don’t doubt the project team’s operational capabilities.
Don’t doubt the financial strength of NFT players.
There are expectations of potential listings (upbit, cb...).
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