Copycat season may really have arrived!
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. According to Coingecko data, the track with the largest increase in the past 24 hours was the cross-chain communication protocol, followed by memecoin and BRC20.
Bitcoin is still in an upward trend, which is a slow rise, but the trend is very strong. After digesting the indicators in recent days, it has hit a small high point again. This wave is very stable and may break through the suppression of the large-scale trend line. It has not yet reached the top.
However, there is a need for a correction at a small level. You cannot chase the rise here. You have to wait for at least a period of correction. The price of this wave of correction is expected to be below 65,000, which is also the lower edge of the rising channel. As an upward channel for the past 20 days, there is a certain support strength. Pay attention to whether it can hold and show a stop-loss signal!
Analysis of the driving force of the Q4 bull market
Global liquidity release: Whether in China or the United States, the door to external liquidity is gradually opening, injecting strong momentum into the capital market. The prosperity of hot fields such as AI and liquor will indirectly drive funds to the crypto market.
U.S. interest rate cut cycle: The Federal Reserve’s interest rate cut policy has just begun and is expected to be further relaxed in the future to provide sufficient liquidity support to the market.
Favorable policies in China: China's top leaders have spoken directly to the market, lowering mortgage rates, reducing banks' reserve requirements, and encouraging stock market listings and restructuring. This series of policy combinations has helped the economy recover and also brought positive signals to the crypto market.
Return of profitable funds: As profits in traditional industries such as AI and liquor increase, some funds will look for new growth points, and the crypto market is undoubtedly a popular option.
Bitcoin's strong support: As the leader of the crypto market, Bitcoin's price has stabilized above $70,000 and is expected to break through the $100,000 mark. This will bring stable rising expectations to the entire crypto market.
Focus in October
1. ETH: Mars concept, Li Ping is still building it, I believe it is not over yet
2. BSC: Dragon Mother's construction, CZ's return, BabyDoge's pump, it will always be popular. But BSC is not suitable for rushing to open, there are too many big guys, if there is a pre-sale, it will be much more stable
3. Sui: A lot of people have asked me this recently, it’s worth paying attention to
4. VC coin: After being dominated by meme for so long, I hope that VC can create a hot spot in October to make everyone return to VC coin. Several major projects should be launched in October. Let's see if they can drive a wave
5. Value coins of exchanges: the market is back, everything you buy will go up, pay attention to meme and ai sectors
6. Gamefi: I always think that Gamefi is a good channel to bring the volume of web2 to web3, and find good targets to participate in early construction
Looking back at this round of bull market, in addition to the considerable gains of Bitcoin, the most popular sectors are meme and inscriptions.
The explosion of sol ecology and ton ecology has created many meme currencies that have increased by hundreds or thousands of times. However, for ordinary leeks like us, it is difficult to buy chips in the early stage of the project. At present, I personally still mainly hold currencies with ecological applications.
As a sector that has always been very popular in the blockchain market, the AI sector is still worth our ambush and position building!
» $RENDER
As AI computing power is inevitably inseparable from GPU computing, NVIDIA can be said to be a unique presence in the US stock market in the past two years, especially some large AI artificial intelligence manufacturers, whose cooperation orders with NVIDIA are currently scheduled for a long time.
This also highlights that the development of AI must be supported by GPU computing power.
Similarly, as the largest GPU rendering project in the blockchain market, it also provides computing power support and cooperation for many AI projects.
The current market value is approximately $2.5 billion. Judging from past market conditions, the growth space for the copycat's market value after reaching $2.5 billion is very limited, and its foundation is solid.
» $PEOPLE
During the Fed's interest rate cut cycle, the market value of crypto assets surged by more than $300 billion. Recently, MEME, AI and public chain sectors have risen in turn, among which Bittensor (TAO) led the way with a weekly increase of nearly 66%, setting a new high in 18 months. TAO's explosion is due to technology upgrades, AI training innovations, deepening strategic cooperation and enhanced network effects.
TAO has increased 1.6 times in a week. However, even if you miss the early entry opportunity, patience is rewarded. A healthy pullback can provide a good entry opportunity for a new wave of growth. TAO's advantage lies in its established leadership in the field of AI, and as the application of AI continues to grow, TAO is expected to perform well.
