Let’s talk about some recent hot spots in the currency circle:

1. 15 billion BTC and ETH open contracts will expire this Friday!

BTC9.5 billion (accounting for 40% of its total OI). According to the current market price, US$3.9 billion is expected to mature within the price, and the maximum pain point price (Max Pain) is US$51,000;

ETH $5.7 billion (43% of its total OI). At current market prices, it is estimated that $2.6 billion will expire in-the-money, with a maximum pain point price of $2,600.

Basically this wave is over! I can’t afford to spend much money because the price difference is too big!

2. SBF sentenced him to 25 years, but he is still seeking an appeal!

FTX exchange has been closed for 500 days. The founder Sam Bankman-Fried (SBF) attended the sentencing hearing on the evening of the 28th. Many victims appeared in court and accused that FTX has always claimed that it has paid full compensation to the victims, but this is not the case! He compensated based on the U standard, not the currency standard. Chongge has talked about this many times before!

SBF told the court: "I destroyed everything my colleagues had built and let them down. I'm sorry for that and I'm sorry for what happened at every stage."

At the same time, he also admitted that his decision-making led to the collapse of FTX and Alameda Research, and he apologized for this; however, he emphasized that his decision-making was not motivated by selfishness, but was a crisis caused by a series of wrong executions and other factors.

SBF's verdict means that FTT's hype has come to an end!

3. About SOL!

Brother Chong has said many times that those who hold SOL should come out! At that time, the price of SOL was about 200! Neptune Digital currently purchases 26,964 SOL at a price of US$64 each, of which 20% of the tokens will be unlocked in March 2025, and the remaining tokens will be unlocked linearly every month until 2028.

FTX bankruptcy reorganization team is actively raising funds to repay creditors. FTX is seeking to sell its locked 41 million SOL (about 7.5 billion US dollars) at a low price.

SOL is on sale again. There are too many hidden traps in SOL. I remind you again not to play SOL!!!

4. Binance new currency mining launches the 50th phase of the project, using BNB and FDUSD to mine Ethena (ENA)

ENA will be launched on April 2, 2024 at 16:00 (GMT+8)

Token name: Ethena (ENA)

Maximum supply of tokens: 15,000,000,000 ENA

Initial circulation: 1,425,000,000 ENA (9.5% of the maximum token supply)

Total mining volume: 300,000,000 ENA (2% of the maximum supply of the token)

Brother Chong’s group has been laid out, and you can just go online and sell it when the time comes!

5. Several aspects that will affect the currency market trend in the later period!

Mining difficulty and his own rate of return after the Bitcoin halving! The follow-up overall strategy announcement of Bitcoin ETF

The second is that the US dollar exchange rate fell by 0.08

Don’t underestimate the exchange rate of 0.08, this is definitely good news for the currency circle. The decline in the price of USDT will also cause the currency circle to rise, especially since the United States has confirmed that it will cut interest rates this year. Under this trend, USDT will also cool down, and its target is the US dollar.

Don’t think that USDT is an attribute of the currency circle investment currency type, it has a target. Almost every day now, we encounter the exchange rate falling by 0.01. As long as the downward trend continues, the currency circle will return to a long state.

However, the new high position needs time to cool down (assuming the exchange rate remains unchanged). As long as the exchange rate continues to fall, new highs are not a problem. But for the midline, we cannot be blindly bullish, because the normal interest rate cut has not actually been implemented. This is why even if it is upward in the near future, almost the depth of the correction is higher than our previous unilateral market.

This is why Lao Cui has always been bullish on the long-term level. The strategy of raising interest rates in the United States has now failed. Cutting interest rates is definitely a good thing for us.

Especially as Bitcoin gradually becomes compliant, at least on this path, the entire market environment is getting better, which will naturally attract more investment from giants. In particular, almost all giants in traditional industries are entering the market in batches.

Don’t be fooled by the high price now, new highs will definitely appear, and they will be much higher than what most people expect (most people do not represent the blindly bullish crowd).

In particular, the concepts before listing and the current market concepts are completely at two levels. Don’t think that a new high will definitely be accompanied by a deep correction.

The depth of this correction is also within our prediction range. It will not be too deep, and it will not increase exponentially before it is clearly implemented.

Don’t use the current Bitcoin to measure the situation that just came out in 2008. Many friends will be frightened by the new highs, and even dare not enter the market.

The advice given was to let everyone enter the market in batches. As a result, after the market went up, most people were still on the sidelines. There will definitely be a correction in the growth of the mid-line, but as long as the exchange rate continues to fall, the overall depth will not be too deep. Contract users can short-sell, but they must ensure that there is a profit, and the general trend will not give There are too many opportunities for everyone to appear.

Basically, the trend is in a range, still under the volatile market operation.

The following points have a significant impact on the trend of the currency circle

7.DeFi stands for “decentralized finance.”

One of the most important developments that will dominate the cryptocurrency bull run in 2024 is decentralized finance, or DeFi. Assets locked in DeFi solutions are nearly as valuable as deposits at major U.S. banks. Total value locked TVL is expected to rise steadily as liquidity in the DeFi market continues to increase. In the DeFi market, TVL represents the total amount of funds that have been locked.

It is curious that new types of DeFi solutions may be launched during the current cryptocurrency bull run. We expect these new approaches will include groundbreaking concepts that disrupt traditional banking. In the DeFi ecosystem, there are novel lending protocols and multi-chain services, e.g. Decentralized protocols specifically designed to interface with physical assets will see significant growth.

Tokens that cannot be lost or exchanged

One interesting aspect of the upcoming cryptocurrency bull run is the importance of non-fungible tokens. After weathering a depressed market for cryptocurrencies, NFTs are now seen as a notable trend in the next crypto bull run.

Why? In the secondary market, many NFT series are not frequently traded. A typical NFT issuance will experience a drop in trading volume within a few months of its debut as most people will collect the NFT. As the cryptocurrency market prepares for another bull run, there could be significant developments in NFT technology.

Increasing the utility of NFTs is a notable prediction for the next cryptocurrency bull run. The developers are expected to provide a long-term roadmap. In 2024, the retail and music industries are expected to explode in NFT adoption, which is another interesting thing about the cryptocurrency bull market.

NFTs are expected to grow in the cryptocurrency bull run due to the development of new standards for NFT tokens, the expansion of large enterprises, and the formation of the NFT loan market.

Tokenization of physical assets

One of the most anticipated predictions for the 2024 bull run is that it will drive the tokenization of physical assets. While major organizations appear to be cautiously moving through this revolutionary shift, many smaller businesses have been experimenting with tokenization.

Instead of going all-in, they are focusing on tokenizing the subsidiary and testing its capabilities on smaller exchanges.

While the tokenization of physical assets is not a hot topic right now, it could become the biggest trend in predicting the next crypto bull run — primarily because there haven’t been many high-profile success stories in this space. On the other hand, the tokenization of physical assets could be influenced by the expansion of current initiatives, such as Centrifuge and Maple Finance, as well as the development of the industry during the crypto bull run.


The integration of Web3 and artificial intelligence

Another interesting topic worthy of attention is the integration of artificial intelligence and web3. A distinctive feature of the Web3 environment is artificial intelligence. Cryptocurrency bull predictions for 2024 fascinatingly suggest that AI-based projects will see significant growth.

More money will likely flow to blockchain and web3 companies that use AI. The most important thing is to find cryptocurrencies and web3 startups that use AI to truly help people.

Massive move to Web3

Predictions for the next crypto bull run also point to the possibility of a widespread shift to web3 that could occur. One prominent industrial trend is the massive shift from web2 to web3, which is often cited as the most common prediction that will dominate the crypto bull run through 2024.

Increasingly, web3 initiatives will shift their focus towards decentralization and value gains for users. And more decentralized applications will appear in the cryptocurrency market, attracting a larger user base.

Mass adoption of crypto payments is exploding

The coming cryptocurrency bull run may have the most significant impact on public acceptance of crypto payments.

Due to this growth, hotels and supermarkets are expected to accept cryptocurrency payments more frequently. Predictions for a cryptocurrency bull run in 2024 also highlight the widespread use of cryptocurrencies in several areas.

For example, cryptocurrencies have the potential to replace traditional payment methods for many products and services, including airline tickets. The upcoming bull run in cryptocurrency prices could pave the way for their widespread adoption and use in regular transactions.

I will post my own operation suggestions and market views in the small circle every day, ambush high-quality currencies, welcome everyone to join the Qiqi small circle and seize this bull market with me #WIF #sui #APT $BTC $ETH