Macro Aspects

Although Powell was dovish in his speech yesterday morning, Bitcoin has adjusted independently from the US stock market and gold in the past two days. The internal reason is probably that the cryptocurrency funds are defending against today's non-agricultural employment data in advance. The US stock market has been adjusted for more than half a month since July 10, and Bitcoin has been rebounding in the past half month. Therefore, Bitcoin fell independently the day before yesterday, while the US stock market rose sharply. The US stock market also began to weaken overnight yesterday, which is inevitably related to the non-agricultural data to be released today. Preemptive defensive actions must be taken, sooner or later.

In addition, the Bank of England announced yesterday that it would cut interest rates for the first time in more than four years. The Bank of England will hold its next meeting on September 19 to discuss policy measures, and will hold two more meetings in November and December this year. The Bank of England has also fired the first shot in cutting interest rates. In the next 1-2 years, interest rate cuts will become the main theme of major central banks around the world, and market liquidity will get better and better.

Regarding ETFs, on August 2, the US Bitcoin spot ETF had a net inflow of US$50.64 million, and the Ethereum spot ETF had a net inflow of US$26.75 million. Both ETFs have resumed positive inflows. It can be seen that the selling pressure of Grayscale ETHE has gradually decreased, and the demand for position adjustment and selling has weakened. With the warming of the capital side in the future market, from the perspective of ETFs, the linkage between Ethereum and Bitcoin will gradually increase.

Market conditions

In terms of altcoins, a large number of altcoins have the conditions for medium- and long-term positions. Those who need to build or increase positions should start to act, or the smart ones have already started to act. If we consider that Bitcoin will gradually stabilize and rise in the future, the money-making effect of altcoins will gradually appear, and now is the stage to seize the opportunity.

The market is constantly positive, and the big bull market is coming! 4 cryptocurrencies are expected to soar 100 times!

1. ATH

Aethir is becoming a key player in the decentralized cloud infrastructure space for gaming and AI. With annual revenues exceeding $36 million, Aethir is meeting the growing demand for GPU computing at major tech companies such as Google and Microsoft. By using underutilized GPUs, Aethir is making a significant impact on the tech world. Current price: $0.06937.

2. OK

Ondo is changing the way financial assets are tokenized through its Real World Assets Protocol. The ONDO token is used in Ondo DAO and Flux Finance, offering a 5.3% annual dividend via USDY. Despite the recent 35% price drop, ONDO's price pattern suggests a possible breakout. With reduced selling pressure and increased OTC holdings, the outlook looks positive. Current price: $0.8595.

3.AIT

The AIT protocol addresses the need for a decentralized workforce in AI data annotation. It enhances AI models by connecting human trainers with AI model owners through a decentralized marketplace. Its growing adoption in Asia and strategic investments suggest it could become a major disruptor in the AI ​​space. Current price: $0.10934.

4.FOXY

Foxy is a meme coin associated with Linea's Layer 2 Ethereum extension, which has received support from ConsenSys. It stands out among Ethereum Layer 2 due to its MetaMask integration and fast transactions. As Linea's adoption continues to increase and transaction costs decrease, Foxy is expected to grow. Current price: $0.0111286.