Is Big A really going to be great?

Although I have been busy studying the crypto market these days, the news from my new friends is more real than the news. My friends in my hometown have started to call me to ask if the Chinese stock market is going to be bullish, which shows how fast the news spreads. Looking back on previous years, the most discussed topic was whether to hold stocks or coins during the holidays. #

Yesterday's news made me feel even more deeply about the bull market of A-shares: the market was so hot that the system of the Shanghai Stock Exchange was completely crashed. So the topic of the Shanghai Stock Exchange being bought out became a hot topic.

I can think of Tmall's Double Eleven and the website for buying train tickets as something that can crash the system. In just three days since the release of the 924 new policy, a miracle has been created - Big A has stood up

Within half an hour after the opening yesterday, the turnover of the three stock markets of Shanghai, Shenzhen and Beijing exceeded 500 billion yuan. By the close of trading, the turnover of A shares exceeded 1.4 trillion yuan.

September 27, 2024, ABC=all-in, buy China!!! (All-in China)

Looking back at the crypto market in the past few days, my biggest feeling is that Bitcoin follows the A-share market instead of the US stock market. The day before yesterday, all the technical indicators of Bitcoin were bearish and on the verge of collapse, which made many technical analysts feel embarrassed.

As Bitcoin broke through $65,000, the cryptocurrency market was booming, and altcoins such as memecoin generally recovered, with the total market value rising by 2.4% to $2.39 trillion. CoinGecko data showed that the track with the largest increase in the past 24 hours was the cross-chain communication protocol, followed by memecoin and BRC20.

For the Heyue market, it is also a warning to the players heading south. In the past 24 hours, the entire network has exploded $145 million, with long positions exploded $51.05 million and short positions exploded $93.84 million, of which BTC exploded $32.62 million, ETH exploded $17.02 million, and DOGE exploded $6.92 million.

With the stunning comeback of A-shares, many practitioners in the cryptocurrency circle have expressed that the "bull market is back", and some even predict that the Shanghai Composite Index may reach 4,000 points faster than Ethereum.

This round of A-share surge is not only a technical rebound, but also the result of multiple favorable factors:

1. The 924 new policy, interest rate cuts and reserve requirement ratio cuts, and the strong entry of large funds dominated this wave of market trends.

2. A series of policies to stimulate the economy, including injecting $142 billion into major banks, to boost economic growth and stabilize market expectations. #美联储11月降息预期升温

The news of the Fed’s interest rate cut was the primary stimulus for the recent surge in Bitcoin:

1. Yellen's speech conveyed that the US economy is still strong and the possibility of a soft landing is increasing. Secondly, the labor market is stable but still fragile, and the Fed needs to continue to cut interest rates.

2. The election is approaching, and no matter who is elected, they will express their support for cryptocurrency

3. In the halving effect cycle

A-shares, Hong Kong stocks and cryptocurrencies are also complementary. The surge in traditional financial markets will inevitably affect the crypto market, especially in the context of the global economy, where capital flows between the stock market and the cryptocurrency market are closely related.

The recent rise in Bitcoin prices coincides with the news of the Fed's rate cut, and cheap capital will further push up the prices of crypto assets such as Bitcoin. Our massive liquidity injection will prompt more funds to flow into high-risk, high-return assets, including Bitcoin. The surge in A-shares and China's economic stimulus policies will not only boost the stock market, but may also trigger a rebound in the cryptocurrency market. #

Copycat season may really have arrived!

Judging from the current prices of all currencies, altcoins have all seen increases, but why is it said that the increase is not large?

Except for some currencies that may have doubled since the bottom, most of them have been cut in half again compared to the end of March! Therefore, the overall spot price is at a relative bottom.

In addition, market sentiment has improved, with the index rising to 61, a two-month high and returning to the greed range.

Finally, I think we are in the first phase of alt season. Historically, alt season usually starts after BTC market dominance starts to decline. I think we are approaching the second phase. Bitcoin Season is historically the first phase of each new cycle.

The infographic in the image above was produced many years ago but does a good job summarizing what happened in the 2016 and 2020 cycles.

First, BTC started to rise and its market dominance increased accordingly.

Then, attention began to turn to large-cap coins (such as ETH, SOL, etc.). $BTC

Finally, almost every altcoin started to rise regardless of its market cap or fundamentals.

Recently, BTC’s market dominance reached new multi-year highs.

There's still time to invest in these 10x altcoins

Recently, EDOGE, PESTO, MOODENG, CHEEMS, etc., those who caught up must be numb. This year's cottage must implement fast in and fast out, not medium and long-term, not long-term, only short-term, so the real turning point of the cottage can start from the big drop on August 5, which is the same as the essence of the currency circle crash on March 12, 2020

DONE

FET, formerly known as Fetch.ai, recently changed its name to $ASI (Artificial Intelligence Super League). After months of decline, the token has finally broken out in recent weeks, showing signs of recovery.

As one of the early movers in the field of AI, $FET has the potential to catch up to leaders like TAO, so it is worth keeping an eye on. Since it is listed as an "AI leader" alongside TAO, I think it may be catching up here (waiting for a breakthrough).

TON

Toncoin (TON) is the native cryptocurrency of the decentralized open-source blockchain The Open Network (TON). The project was originally created by Telegram under the name Telegram Open Network, and was taken over by the non-commercial TON Foundation and other developers after Telegram stopped development due to legal issues.

The network uses a proof-of-stake consensus model and aims to provide fast, secure payment services at low fees. It aspires to build a broad ecosystem that includes decentralized storage and anonymous networks. Toncoin price predictions suggest that its value may increase, reflecting different growth expectations in a volatile market.$TON

ok

As spot Ethereum ETFs continue to gain traction, Ondo Finance is poised for a comeback. ONDO's unique features and strategic positioning in the DeFi space will allow it to benefit greatly from the increased demand for ETH tokens. If this trend continues, ONDO could soon break the $1 mark, bringing huge returns to investors who act quickly.