Good afternoon, brothers. After waking up from a night's sleep, I saw that the price was still the same, but is your position still okay?
Last night, after the opening of the US stock market, Bitcoin surged by more than 2,000 US dollars in 30 minutes, reaching around 68,000. Then the US stock market plummeted, and Bitcoin fell below 65,000. After a night, it rebounded to above 67,000, completing a wave of long and short kills. Bitcoin soared and plummeted, and the entire network liquidated 165 million. It is a good thing to clean up, and both long and short positions are cleaned up, which is conducive to the main force to break through 70,000. It feels like the last round of bull market Bitcoin callback cottage plug-in.
It is expected to be the beginning of the second half of the bull market. Bitcoin will end its six-month volatility and officially enter the main upward trend of the bull market.
There are two trend lines above Bitcoin. The first is a large trend line that gradually decreases from the high point of 73777; the second is a small trend line that continuously increases from the high point since 49000. At present, the two pressure levels are close to overlapping. It is normal to fluctuate back and forth at this position to clean up floating chips, or even to pull back to kill leverage. At present, the small level is still in an upward trend. If the pressure level does not fall, it will repeatedly impact. It is likely to continue to rise to 68,000.
The current trend of Bitcoin in September clearly shows that there will be a burst of Shanzhai dark horses in the future. The currency circle is an industry with great potential. After 6 months of falling and washing, it is like a spring that is backlogged to a point and cannot go down. If it is slightly loosened, it will rebound immediately. As Bitcoin stabilizes at 6W, then to 6.3W, and then to 6.5W US dollars, many Shanzhais have sprung up like mushrooms after rain. These are all key information. Looking at the rise and fall of a certain coin alone, it doesn’t feel big, but if you string together the story line of the whole year of 2024, these are the same as the past bull market.
The bull market is about to take off and these three mainstream altcoins will soar 20-100 times, which are worth investing in!
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Ondo Finance (ONDO) is focused on providing institutional-grade financial services and has made great strides in the field of decentralized finance. Founded in 2022 and headquartered in the Cayman Islands, Ondo uses blockchain technology to build an ecosystem that connects traditional finance with decentralized protocols. Its business partner, Ondo Finance, works closely with the Ondo Foundation to promote the tokenization of real-world assets.
Currently, Ondo Finance is priced at $0.753211, up 9.51% in the last 24 hours. The project has shown resilience, with 16 of the last 30 days (53%) seeing price increases, or “up days.” This performance, coupled with high liquidity relative to its market cap, indicates growing interest in the token.
According to the forecast, the price of ONDO could increase by 227.99% to reach $2.45 by November 2024. Although the current market sentiment appears neutral with a Fear & Greed Index score of 48, the volatility of the last 30 days is 8.89%, indicating that ONDO experiences moderate price volatility. Overall, with a good track record and positive forecasts, Ondo Finance offers a potentially favorable opportunity for investors.
BABY
PEPE is a deflationary token based on the popular "Pepe the Frog" emoji. With the continuous destruction, its scarcity and uniqueness continue to increase. In 2023, the market value of PEPE soared to an astonishing high of 1.6 billion US dollars! However, the grand occasion did not last long. PEPE subsequently experienced a correction, with a drop of 37%, causing many holders to choose to cash out. Despite this, the future of PEPE is still full of infinite possibilities and exciting.
Forecasts show that by 2025, the average price of PEPE is expected to reach $0.0000365, and the highest price may even reach $0.0000413. If the development team continues to advance the token destruction plan, the appreciation potential of PEPE will not be underestimated!
GHOST
The current market environment has sparked optimism among cryptocurrency investors, especially for Aave, the leading decentralized finance (DeFi) protocol. Recently, AAVE has shown strong upward momentum, climbing from around $135 to $177 before experiencing a minor correction.
This resilience suggests that as the market turns bullish, especially as Bitcoin approaches its all-time high, Aave has the potential to stage a strong recovery. Aave’s market cap is currently around $2.33 billion, well below its previous peak of $7 billion.
AAVE has the potential to realistically achieve a $3-4 billion market cap in the coming months, reflecting 2x-3x growth potential.
By leveraging the inherent advantages of the Aave protocol, investors can achieve higher returns on their investment, with some speculating that it could increase by 8x to 10x.