In the event of a major market correction, here are some cryptocurrencies worth considering buying the dip:
**1. Meme Coin** 1. **Pepe**: Known for its unique image and strong community support, it’s worth keeping an eye on during the pullback. 2. **Bonk**: Attracting a lot of attention with its humorous and unique marketing strategy, the market value may be underestimated, but the potential is huge. 3. **Floki**: It is associated with well-known figures and has a solid fan base. Long-term holding may usher in a rebound in value.
**2. Ethereum Ecology** 1. **Uniswap (Uni)**: As a leader in decentralized exchanges, although market value may fluctuate, its long-term growth potential is significant. 2. **Lido (Ldo)**: It has attracted many users with its unique liquidity mining mechanism. It has a low market value and obvious liquidity advantages. 3. **SSV, Pendle, Ethfi, Aave**: These projects have their own characteristics in the Ethereum ecosystem, covering many fields such as finance and mining.
**3. Solana Ecology** 1. **Ray**: A decentralized stablecoin protocol that is highly competitive and has huge long-term growth potential even if market value fluctuates during corrections. 2. **Jupiter (Jup), Jito (Jto)**: These two projects have their own characteristics in the Solana ecosystem and involve many fields such as finance and games.
**4. AI sector** 1. **Fet**: The leader in the decentralized artificial intelligence data market, with strong strength and huge growth potential.
These currencies may provide bargain hunting opportunities during market corrections, but investors should conduct sufficient research and risk assessment before making investment decisions.
Bitcoin (BTC) has seen a price correction after the recent rally and is currently consolidating around the $67,500 level.
Although Bitcoin has broken the $69,200 resistance, it has had difficulty challenging the $70,000 mark and has retraced some of the gains.
Currently, the price of Bitcoin is below $68,500 and is also below the 100 hourly simple moving average.
On the hourly chart of BTC/USD (data source: Kraken), the price of Bitcoin has broken below a key, contracting triangle pattern with support at $68,500.
If the price of Bitcoin does not close below $66,500, it could trigger another leg of the uptrend.
Bitcoin found support above $66,500 and rebounded slightly above the $68,500 resistance level, with the bulls successfully pushing the price above $69,200.
However, Bitcoin has not yet touched the $70,000 resistance area, with the highest point reaching $69,428 and the price is currently adjusting. After falling below $68,000, the price has retreated and the hourly chart shows that Bitcoin has fallen below the key support level of $68,500.
The pair is currently testing the $66,500 support level and is hovering around the 23.6% Fibonacci retracement level between the $69,428 high and $66,564 low.
Currently, the price of Bitcoin is below $68,500 and the 100 hourly simple moving average, and it is expected to encounter resistance near $68,000 or at the 50% Fibonacci retracement level of the move from the $69,428 high to the $66,564 low.
For mainstream cryptocurrencies like $SOL, the trend can often last for ten days or even half a month. The key is to find the right time to enter the market and exit in time when the trend reverses to make a profit. Recently, I heard a view that after placing an order, the rest is left to the market to decide, and what you can do is to increase your winning rate as much as possible before opening a position to more than 50%. In short, follow the market trend and let the market develop on its own.
In 2017, I privately invested all the money I had secretly saved in 100 bitcoins. A few months later, the price of Bitcoin doubled, which made me excited and began to fantasize about achieving financial freedom. I excitedly shared the good news with my wife, but her reaction almost made me regret it. After a fierce argument, I began to think: Is the money earned with private money still private money? However, I was still very excited about the thought that I might not have to work, wash dishes or be scolded in the future.
Let's talk about Zhao Changpeng, the leader of the currency circle. It is his firm belief in cryptocurrency and grand strategy that has enabled the Binance exchange to grow rapidly. Even in the face of regulatory challenges, he led the team to develop overseas and persevered, eventually making Binance the world's largest cryptocurrency exchange. This new leader in the currency circle can lead the team to achieve huge income even in a simple office environment. If we can't learn this belief, won't we just go with the flow in the market? To survive in the currency circle, we need not only belief, but also great efforts. Like me, I always invest with all my strength because I believe that my judgment is more reliable than the market.
Looking at the current market, I am investing all in again, and the target price seems to be just around the corner.
Worldcoin recently underwent a major upgrade, announced by its founders Sam Altman (also the founder of OpenAI) and Alex Blania. The upgrade includes four main aspects:
1. **Iris authentication threshold is lowered**: Previously, users needed to go to countries and sites that support offline iris authentication for authentication. But by 2025, users will be able to buy an Ord device online, just like buying a camera to take home, so that family and friends can authenticate.
2. **App comprehensive upgrade**: Worldcoin's App will be fully upgraded to support access to various global applications, and plans to connect to some commonly used social platform apps, so that with a Worldcoin in hand, AI can be used to achieve various scenarios and services.
3. **Join hands with NVIDIA to launch a new generation of Orb and its own chain**: Worldcoin will be renamed World Network, support open source, and users can customize and create their own AI tools.
4. **Reward mechanism**: As long as the authentication is passed, everyone can receive a reward of no less than 3 WLD per month, which can be used to directly experience the use of Worldcoin applications or directly converted into US dollars.
These upgrades show that Sam Altman's ambition is not just as simple as OpenAI's GPT. He emphasized that AI is developing rapidly and will change our economic and social structures. Through these upgrades, Worldcoin aims to build a public facility for the world's largest identity and financial network, enabling ownership for all and creating universal access to the global economy regardless of country or background, accelerating the transition to an economic future that benefits everyone on the planet.
After multiple bull runs, this one in 2024 feels like a wild party! Every time I drive on the highway, I think, this might be the best time for me to realize my dream of owning 100 bitcoins.
With the price of Bitcoin fluctuating between $53,000 and $74,000, and after a period of consolidation, many are speculating that perhaps October will usher in a wave of sharp rises. Institutional investors can't wait, and the launch of Bitcoin spot ETFs also indicates that more large-scale funds will enter the market, and a change is quietly taking place.
It's not just Bitcoin that is taking advantage of the rise, Ethereum (ETH), Solana (SOL), Ripple (XRP) and Binance Coin (BNB) are also ready to rise. From the $500 billion injected into the domestic economic stimulus plan to the continued surge in altcoins, the excitement in the air is obviously different from before. The speed and scale of the market expansion have exceeded people's expectations, especially meme coins have unexpectedly become the dominant force in the market. The power of this cultural phenomenon cannot be ignored!
I have invested all my money in Bitcoin, aiming to reach a target of 100 Bitcoins, and expect the market price to peak at $290,000 as analysts predict.
The price of ApeCoin (APE) has risen significantly recently, with an increase of 80%. This phenomenon has attracted widespread attention in the market. The launch of ApeChain is one of the key factors driving this growth. ApeChain is a Layer 2 blockchain based on Ethereum, launched by Yuga Labs, aiming to provide a faster and more efficient transaction experience, directly serving the Bored Ape Yacht Club (BAYC) and the broader Web3 community.
Within 12 hours after ApeChain went online, the blockchain has processed more than 480,000 transactions, with a total transaction volume of more than $25 million. This data reflects its strong market appeal and activity. In addition, Yuga Labs also launched ApeChain’s cross-chain bridge Ape Portal, which enables users to easily implement cross-chain transactions and further improves the user experience.
Yuga Labs also launched Ape Express, a one-click currency issuance platform based on ApeCoin, which allows users to issue Meme coins in one minute, greatly simplifying the currency issuance process and lowering the threshold for currency issuance. This innovation further ignited the market's enthusiasm for Meme coins and brought more user participation and market popularity to ApeChain.
With the launch of these new features, Yuga Labs’ token and NFT projects have also received great attention from the market. According to the latest market data, the floor prices of Yuga Labs' NFT series have rebounded significantly in the past 24 hours, and market demand has increased. For example, BAYC's floor price increased by 13.52% within 24 hours, while other projects such as MAYC and BAKC also saw significant price increases.
Overall, the launch of ApeChain and the launch of related new functions not only enhance the application scenarios of ApeCoin, but also bring new vitality and market attention to the entire Yuga Labs ecosystem. These factors combined to drive a sharp increase in APE prices.
According to data from Token Unlocks, next week will see a wave of large-scale token unlocks involving Cardano (ADA), Eigenlayer (EIGEN), Galxe (GAL), and Ethena (ENA). These token unlocking events can have a significant impact on the market, as they amount to adding additional supply to the market. Here is a detailed explanation of the possible impact of these unlocking events:
1. **Cardano (ADA) Unlock**: - Imagine that you are running a store in a small town and suddenly a large number of new goods arrive. This is like the 18.53 million ADA tokens that are about to be unlocked on the market, worth approximately $6.5 million. This will significantly increase supply on the market. If demand remains the same or decreases, this new supply could drive prices down as sellers rush to sell these tokens. However, if demand is strong, the market may absorb these new tokens quickly, with less impact on price.
2. **Galxe (GAL) Unlock**: - It's similar to a small community suddenly getting extra resources. The unlocking of 587,000 GAL tokens, worth approximately $1.2 million, is smaller than ADA, but may still have an impact on the market. The unlocking may bring some selling pressure, and if many holders are eager to cash out, the price may fall in the short term.
3. **Eigenlayer (EIGEN) Unlock**: - It's like a new product sneaking onto the shelves at night. Approximately 1.29 million EIGEN tokens, worth approximately $4.8 million, will be unlocked in the early hours of the morning. This could add supply to the market, causing volatility especially among buyers who discover these new supplies in the morning. Although the unlocking time is unique, if market demand for EIGEN is strong, these tokens may be absorbed quickly. If demand is insufficient, prices may be affected.
4. **Ethena (ENA) Unlocked**: - It's similar to the vast array of new items that pop up at an afternoon market. The unlocking of 12.86 million ENA tokens, worth approximately $5.1 million, is a sizable amount that could put significant pressure on the price. If market demand is unable to absorb so much new supply in time, prices may fall, as a sudden and large increase in supply may lead to increased competition and sellers may lower their prices to attract buyers.
In the current market cycle, holders are advised to remain firm in their investment in $SOL (Solana). Although there may be intense market fluctuations in the#MEMEof $SOL, it is important to remember that any losses on $SOL are likely to be compensated in the future. At present, although the market reaction to $SOL may be relatively cold, it does not mean that its long-term potential has diminished.
I feel more and more strongly that $SOL's market cap is much larger than this. In fact, I am more confident than ever that $SOL will hit $1,000. This is mainly because $SOL's PVP (player versus player) crowd has successfully attracted wider attention. Given the strong momentum of its ecosystem, the market cap of $SOL cannot stop there.
Considering the trading volume and circulation of $SOL, it seems that there is no token destruction for this quarter, which may mean that the destruction operation will be carried out in the near future. In addition, although there is no official announcement from Binance yet, according to historical patterns, the destruction announcement is usually announced on weekdays, which may be next Monday.
As a loyal user of Binance, keep an eye on $SOL and be ready to take action when market conditions change. At the same time, pay attention to the overall market sentiment and other factors that may affect the price of $SOL, such as Bitcoin's price fluctuations and announcements within the ecosystem. By considering these factors together, you can better manage potential risks while maintaining your investment in $SOL.
Evan Cheng, the founder of Sui, is the core figure of Mysten Labs, and his story is closely linked to the development of Sui. Evan Cheng has been passionate about computers since he was a child. At the age of 12, he decided to become an engineer because of a pirated Apple computer. His work experience at Apple and Facebook laid a solid foundation for his later career. Now, he leads a senior team and is committed to integrating Web3 technology into more products to meet the current needs of Web3.
Sui, the public chain named after the Japanese word "water", not only symbolizes infinite possibilities, but also carries the passion of Web3 people for innovation. Sui's liquidity and flexibility just fit the current needs of Web3, and its design concept and team background both indicate its important position in the future blockchain field.
Sui's team is composed of a group of senior people with rich experience in the blockchain field. During their work at Novi Research (Meta's advanced encryption R&D team), they deeply studied the complex field of blockchain networks to improve performance and efficiency. Sui's team used their experience and knowledge of Diem and Novi to build Sui from scratch, rather than a derivative product based on Diem.
Sui's technological innovation and team strength, coupled with its advantage in the Move programming language, have made it a highly anticipated public chain project. Sui's vision is to become a permissionless blockchain network with unlimited scalability. Through its unique architecture and technological innovation, it provides developers with an efficient and flexible platform to build decentralized applications on Sui.
Sui's future development is full of infinite possibilities. As its name implies, it has the ability to adapt and change any environment, just like water. As the Sui ecosystem continues to develop and grow, it is expected to become an important force in the Web3 field.
When I first entered the market at the beginning of the year, I was a complete novice, eager to join various investment communities, dreaming of getting rich overnight. But the reality is cruel: I hurriedly cut my losses on Dogecoin after investing 120,000 yuan, and then blindly rushed into the contract market until I suffered a heavy loss on September 7... I finally understood that only by maintaining a stable mentality can I find a way out for investment.
🌟Yesterday, I observed that Peoplecoin might have a chance to buy at the bottom, so I set a price of 0.0762 to wait for the transaction, but it seems that others acted earlier than me. As the heat of the election gradually increases, I plan to sell some spot at the end of this month and clear my position before November 4.
🌐WIF's entry is relatively smooth. I bought at 2.47, and now the price has risen to 2.63. Although Solana ecology has not made any big moves at present, Ethereum has more potential in the next wave of positives, especially the performance of ENS. We successfully entered the market with a long order at the ETH price of 2570, and I hope everything will go as I wish.
💸I am concerned about whether BTC can break through the $67,000 mark, otherwise our profits may be short-lived. Now the market seems to have an 80% chance of really starting, and my 2XETH position is still continuing, looking forward to a surprise.
My target price is: ENS - more than $20, ETH - $2,800-3,000.
Friends, remember not to sell your ETC (Ethereum Classic) and beware of scams that attempt to buy it at a low price. These scams induce people to sell by slightly lowering the price, causing market panic. But you will find that large companies and institutions are actually actively buying ETC. This is an old trick they have been playing.
ETC's fundamentals are very solid, and as the original chain of Ethereum, it has great long-term potential, which is also recognized by large investors. At present, companies are gradually collecting ETC, and they are preparing to make millions of dollars in investment. While they are quietly buying, they try to scare off small investors by creating panic. But in the end, victory will belong to those who remain patient.
In this game, only the patient can win. When the price of ETC finally soars, if you have already sold it, you will regret it. Therefore, hold on to your ETC firmly, don't sell, just wait and see.
YGG is a token that is currently severely undervalued. It is understood that YGG has partnerships with all major gaming projects, and this is just a starting point. After witnessing the enthusiasm of institutions for the fields of artificial intelligence and gaming, if you plan to invest in tokens in the gaming sector, YGG will be a wise choice. YGG has great potential for future development, and its market value has the potential to reach at least $10 billion. In a bull market, investors should expand their horizons, do not hesitate, and act when it is time to act. Don't think that the price of the coin has reached a high point just because it has risen by dozens of points. It is important to realize that you have chosen a token that is in a hot sector and has great development potential.
In the SOL (Solana) space, successful investors are continuing to make profits, while those who are less successful tend to focus only on the PVP (player versus player) features of SOL. After the bear market in July and August, the SOL market has become more robust.
In this market, leading projects have begun to emerge, and the linkage between sectors has become more obvious. Ordinary investors are beginning to determine their investment positions, while those high-risk PUMP pools are left for investors willing to take risks to continue to participate.
SOL provides many new investment opportunities, but each investor needs to find a strategy that suits him or her:
Some investors are studying the use of smart wallets. Others follow opinion leaders (KOLs) to invest. Young and low-capital but energetic investors can profit from rapid entry and exit by studying market fluctuations. For example, someone increased 10 SOL to 120 SOL in a month through rapid transactions in the PUMP stage. Since my eyes are easily tired and I can't stare at the screen for a long time, I prefer to focus on long-term projects rather than too early investment opportunities. The key is that every investor needs to optimize their trading methods and strategies, because there are many paths to success.
Li Xiaolai is known as the big winner in the Bitcoin field. He realized his dream of getting rich quickly by holding 100,000 Bitcoins and exchanging them for about 13.5 billion in cash. Initially, Li Xiaolai was an English teacher at New Oriental and lived on his salary. However, after learning about Bitcoin, he believed that this digital currency had great development potential. Therefore, he chose to buy a large amount of Bitcoin when the price was low and hold it waiting for appreciation. Later, he sold it when the price was high, thus getting a rich return.
Although some people may think that this strategy of buying low and selling high has limited profits, for Li Xiaolai, every gain is an important part of accumulating wealth. Through his unremitting efforts, the number of Bitcoins in Li Xiaolai's hands has steadily increased, and finally accumulated to a huge number of 100,000.
The market has some concerns about the prospects of Ethereum, mainly for the following reasons:
1. **Grayscale's ETH selling pressure**: Grayscale holds a large amount of ETH, and its potential selling pressure has always existed, which has put short-term pressure on the price of ETH. The market needs time to digest this part of the selling pressure.
2. **V God's high-profile publicity and ETH price decline**: Although Ethereum founder Vitalik Buterin (V God) frequently promotes Ethereum in public, the price of ETH continues to fall. This may be related to the continuous selling of ETH by the Ethereum Foundation, and the market is worried that more ETH may be sold in the future.
3. **The impact of staking projects**: Some staking projects are likened to "vampires", especially those proposals that lower the minimum threshold for validators, which are considered to be a means for large investors to harvest, and the final cost may be passed on to retail investors.
4. **Unsolved deflation problem**: Ethereum's deflation problem has not been effectively solved. At the same time, with the implementation of the L2 expansion plan, some liquidity has been sucked away, and ETH is still issued every year, and the inflation problem is serious. If the destruction mechanism of ETH cannot be controlled, miners' income may decline, and the development of the on-chain ecology will also be affected, which will have a negative impact on the price of ETH.
5. **Declining miners' income**: As Ethereum shifts from proof of work (PoW) to proof of stake (PoS), the role and income model of miners will change. This may lead to a decline in miners' income, thereby affecting their participation in the network and the circulation of ETH.
These factors work together to cause the market to be cautious about the short-term prospects of Ethereum. However, the long-term value and potential of Ethereum are still optimistic by many investors and analysts, especially in terms of its technological upgrades and application expansion.
The $CELO project did face some challenges during its development. Although it chose a market maker, the project itself was quite difficult to maintain. After receiving investment from well-known investment institutions such as a16z Crypto, Polychain Capital, and Dragonfly Capital Partners, the CELO project seemed to have encountered investors' profit-taking and exit during the last round of market boom. This led to the need for the project party to be self-reliant, not only to continue technical development, but also to devote energy to market promotion, all of which required financial support. For a period of time, the CELO project tried to find new growth points by getting involved in the NFT field, but this strategy seemed to deviate from its positioning as a large L1 public chain, which was confusing. Subsequently, the project began to turn to L2 scalability solutions, which may indicate that CELO did not receive enough support in terms of funds to continue to advance as an independent public chain project. Judging from the market performance, CELO seems to have adopted a strategy of pulling up and selling at the same time to maintain the operation of the project. In the final analysis, the tight funding of the project party is one of the main reasons for these situations. There are many uncertainties in the future development of the project, which may depend largely on market luck and timing.
In this evolving cryptocurrency field, new digital assets such as LUNAR are also emerging. Whether these emerging assets will become new choices for future investors or time travelers remains to be seen. For the CELO project, choosing the right development path and timing may be more critical than simple efforts.
In 2022, a Reddit user named CryptoChrono made a startling announcement, claiming to have traveled back from the year 2050 and predicting that the price of Bitcoin would soar to $10 million before plummeting to almost nothing. Most notably, he mentioned a huge Bitcoin wallet that had not seen any activity since 2010, which contained 500,000 Bitcoins, worth tens of billions of dollars at the time.
The news caused a huge stir in the cryptocurrency community, and people curiously checked the wallet and found that it did exist. This raised the question: Who mined so many Bitcoins and never had any transaction records? CryptoChrono insisted that he was the original holder of these Bitcoins and said that he had become a Bitcoin billionaire in 2030, and he also claimed to have left clues to his time travel. He warned that he would recover his wealth once the financial crisis broke out.
Then things got even stranger. Small amounts of Bitcoin began to be transferred out of that wallet, which raised questions: Was the wallet hacked, or was CryptoChrono really back? When the price of Bitcoin soared to $500,000, all 500,000 Bitcoins in that wallet suddenly disappeared, shocking the world.
People were talking about it: some thought it was a billionaire cashing out, some suspected that there was a problem with the blockchain, and some believed that the time traveler CryptoChrono really came back to reclaim his wealth.
Some speculated that it might be the work of hackers, while others firmly believed in CryptoChrono's time travel story. To this day, there is still a group of people waiting for his return, and they believe that CryptoChrono can lead them through the next global financial crisis.
As the cryptocurrency industry continues to develop, new currencies like LUNAR are constantly emerging. Will they become digital assets trusted by future time travelers? This question, I am afraid, only time can give us the answer.
The $SUI project has achieved remarkable results in a short period of time, and its transaction volume has reached impressive figures. In less than two years, SUI has processed more than 6 billion transactions. This number is very significant, and we can understand it more intuitively by comparing it to other well-known cryptocurrency networks.
Bitcoin, the pioneer of cryptocurrencies, has only processed about 1 billion transactions in 2023. Ethereum, as the most popular smart contract platform at present, took nearly 9 years to process more than 2 billion transactions, including all transaction types, such as native Ethereum (ETH) and various ERC20 generations. currency.
Compared with SOL, SUI's transaction speed is 12 times faster. This high efficiency and fast processing power gives SUI a significant advantage in performance, which is also one of the important reasons why it can rise and occupy a leading position in the bull market.
These achievements of SUI not only demonstrate its technical strength and market potential, but also provide new impetus and direction for the development of the cryptocurrency field. With the continuous advancement of blockchain technology and the expansion of application scenarios, SUI is expected to continue to exert its advantages in the future and provide more possibilities for users and developers.
Recently, a news about Trump's upcoming experience working in a burger shop this Sunday has aroused great public interest. This incident reminds people of the interesting incident that Trump used Bitcoin to buy burgers not long ago. That purchase was dubbed "crypto burgers" by the media. It was from then on that a project called BURGER (based on the Ethereum blockchain) began to rise quietly.
In the past month, the BURGER project has quickly emerged in the blockchain field, like a rising star. Trump's "crypto burger" incident brought a lot of attention to the project. Subsequently, the project's community CTO took over the project and achieved complete community autonomy. With the joint efforts of the community, the BURGER project has continued to progress and aims to become a legend in the blockchain meme project.
Now, with Trump's connection with the burger shop again, it is expected that this will bring a new wave of attention to the concept of "crypto burgers". This incident is likely to once again inspire people to discuss the combination of cryptocurrency and traditional business, and the BURGER project is also expected to take this opportunity to further develop.
The BURGER community said that they will seize this opportunity to increase the promotion of the project and let more people know about the innovative application of blockchain technology in the catering field. At the same time, they also encourage community members to actively participate and jointly push the project forward.
We have reason to look forward to how Trump's burger experience will help the BURGER project reach new heights.