The market is expected to fluctuate upward, and Bitcoin has also been very strong recently. It has currently reached a high of 69,000. It is a good thing that it continues to hit new highs. Ethereum touched the downward trend line yesterday, reaching a high of 2,675. Therefore, we will focus on the breakthrough and stabilization of this high point.
As of now, the market price is around 68200 for the big cake and around 2640 for the second cake, which is a period of retreat after the high.
The intraday market continues to fluctuate upward. In the current market, the higher the price goes, the greater the pressure will be. However, the pressure range is being tested step by step. It touched 69,000 last night. The next big pressure test will be 70,000. I firmly believe that it will break a new high.
Gold has repeatedly hit new highs, the Dow Jones is also hitting new highs, and it won’t be long before the Shanghai Composite Index will also hit new highs. The entire financial market will enter an unprecedented large-scale market!
The current market situation is one after another. The continuous upward surge of Dogecoin in the past few days has re-driven a wave of the market. At this stage, Dogecoin has broken through the height of the previous stage, and the upward potential is gradually increasing, and it will continue to surge upward.
Several major trends:
1. Institutions have been buying BTC and will continue to buy until the market value exceeds that of gold.
2. Meme coins will become the most powerful track after the main uptrend of BTC.
Regardless of whether the popular memes on the chain are listed on major exchanges or not, there are at least 5 memes that are currently worth only a few hundred million US dollars and are expected to hit 10 billion US dollars, and they only need to be on the chain.
That is a 10-20 times space - because funds are surging in the bull market.
3. Leader + heavy holdings, maximum profit.
4. AI+Meme. The success of Goat has brought a new narrative to the Meme story, which is different from the previous reliance on real animal IPs. Content and interaction are generated through AI. Because AI is the main line of technological innovation that can be foreseen in the next 20 years, AI-related Memes will be a long-term hottest sector in the cryptocurrency circle, and everyone must keep paying attention.
6 Most Potential Meme Coins Worthy of Attention
► $people
PEOPLE is the only "meme coin" related to US election/political themes that has been listed on a first-tier centralized exchange. The project is US-centric, backed by US founders and US capital seed funding. It is a top exchange coin directly related to the upcoming US election, and its market performance is eye-catching. During the recent election debate, PEOPLE showed strong relative strength.
► $Bonk
BONK is a Shiba Inu-themed memecoin built on the Solana blockchain that has attracted attention for its unique approach to redistributing power within the Solana ecosystem. Early on, BONK airdropped half of its total supply to Solana’s NFT and DeFi participants, quickly gaining traction and experiencing a massive surge in value.
As the Solana ecosystem continues to grow, BONK could be a long-term winner in the meme coin space.
► $babydoge
Baby dog, the dog dealer is very strong. The tokens in 2021 have been washed for a long time. The technical form bulldozer rises, one yang penetrates three yins, and each time it accumulates power, it continues to rush upward in the form of a big yang line. The cottage is the object that can be configured first in the case of a callback. I heard that it will directly sponsor the 2024 Binance Blockchain Week in Dubai, and it is likely to be launched on Coinbase next.
► $Flocks
Named after Elon Musk’s pet Shiba Inu, Floki has evolved from a simple meme coin to a comprehensive project with real-world utility. The continuous expansion of the ecosystem, including NFT game Valhalla and DeFi service FlokiFi, has added more value dimensions.
Real-world payment applications and involvement in charity further enhance Floki’s brand image and market position.
► $sats
The price has been in a volatile range for almost half a year, and has not yet completed a breakthrough. This can be understood as the accumulation stage. After the accumulation is completed, it is likely to take off. Moreover, the price has rebounded after touching the strong support line several times. This support line has a certain support strength and will not be broken so easily, unless the market plummets, but the probability of this is very low.
► $Doge
Musk's continued support is an important factor in the rise in the price of Dogecoin. The content he shares on social media, calling himself the "Father of Dogecoin", has boosted market confidence. His active participation on social media has increased the market attention of Dogecoin, thereby driving up the price. In particular, if Trump wins the election, the market expects the price of Dogecoin to soar, and this expectation is based on certain changes that Trump may promote, which may be beneficial to Dogecoin.
Currently, Trump is more likely to be elected, Musk publicly supports it, and DOGE has also performed well recently! Before the election results are announced, there is an expectation that DOGE will continue to be hyped.
