What will happen to the market next?
For the past two months, tariffs have been the focus of the market, with U.S. inflation, employment, and the Federal Reserve being sidelined. Now the winds have shifted; the impact of tariffs is weakening, and the market is beginning to focus on the risks of a U.S. economic recession, whether inflation will rebound, and the Fed's next moves.
The latest CPI data was released yesterday, which is generally positive and in line with market expectations. This indicates that inflation in the United States is controllable and the economy is performing robustly in the short term, which is favorable for U.S. stocks and risk assets like Bitcoin. However, the current inflation data does not fully reflect the impact of Trump's tariffs, as it only includes tariffs on a portion of Chinese goods. The Federal Reserve is primarily concerned with the inflation trends after the full implementation of tariffs.
Looking ahead, the PPI data coming out Thursday evening can further confirm the trends of U.S. inflation and the economy. It is worth noting that after the CPI data was released, the market expects the Federal Reserve will not rush to cut interest rates. CME FedWatch Tool shows a 91.8% chance of no rate cut in June and a 61.4% chance in July. Combined with Powell's remarks earlier this month, the market is gradually forming a consensus that the Fed will not rush to cut rates unless tariffs are formally implemented or the U.S. economy shows significant decline. In the short term, the U.S. stock market seems to be overly FOMO, with a demand for correction; everyone is getting carried away by the recent positive data, ignoring the risks of inflation and economic recession. The U.S. stock market is also showing signs of division.
Optimists are excited as if they’ve been given a shot of adrenaline, pushing U.S. stocks higher, while pessimists watch with cold eyes, with large funds even withdrawing from U.S. stocks. However, most of these risks are one-off; inflation rises mainly due to tariffs, and as long as policies ease, inflation can be controlled. Therefore, if a major correction occurs, it presents a golden opportunity for dollar-cost averaging.
Buy the dip in 3 altcoins that could increase 10 times in the future! 1. BOME
BOOK OF MEME has surged 66.5% in the past 7 days, becoming headline news, far exceeding the overall cryptocurrency market and its peers in the meme coin category. This Solana-based meme coin is currently trading at $0.002351, combining internet culture, degen trading, and decentralized storage into a bold web3 experiment. It aims to permanently preserve the traces of memes on Arweave, IPFS, and the upcoming Bitcoin.
Although its official X page has not released any major updates, market enthusiasm remains high, likely stemming from its unique concept and the growing attention on Solana-based assets. $BOME has risen 9% in the past 24 hours and 107.2% in the past 30 days, showing strong momentum. The project ranks 30th among meme coins and 22nd among Solana tokens, demonstrating its strong appeal in its niche market.
More notably, BOME's liquidity strength—with a trading volume to market cap ratio as high as 1.4811—provides traders with a convenient way to enter and exit positions. Additionally, the token's 30-day volatility remains at a manageable 17%, indicating exceptional stability for a meme coin. In the past month, BOME has seen 19 days of gains, and market sentiment remains bullish.
Nevertheless, the token has still dropped 79% over the past year, and its performance during this time has not surpassed any of the top 100 ranked crypto assets. However, its recent rebound and experimental utility may attract speculative investors, meme coin enthusiasts, and trend traders willing to capitalize on short-term volatility.
2. NEIRO
Neiro, also known as $NEIRO, is an emerging emoji coin based on Ethereum, reaching a historical high of $0.00219 in October 2024, first drawing attention. Since then, it has experienced market declines and volatility, but its overall performance over the past year and year-to-date has been impressive. In just the past 24 hours, the token has risen by 42.54%, achieving a staggering market cap of $254.53 million.
Many believe that $NEIRO has further upside potential. Crypto experts suggest its market cap could even reach between $1 billion to $3 billion, on par with other popular meme coins like Pepe Coin. The thriving momentum of $NEIRO stems from its active and well-supported online community, regular updates from the team, and availability on well-known platforms like Bitrue Exchange. These factors provide the token with strong growth momentum.
One highlight of NEIRO is its fully circulating supply. This means that all its tokens are circulating in the market with no new tokens being issued, thus protecting investors from dilution. As the market awaits the next wave of meme coins, $NEIRO is poised to become the center of attention.
Inspired by Dogecoin, NEIRO is trying to carve out its own niche on Ethereum. It attracts more users by offering transparency, strong community support, and stable exchange listings, so it’s not surprising that people are closely watching it.
3. LINK
Chainlink (LINK) continues to develop its ecosystem through partnerships and new integrations. One notable update is Multisynq joining the Chainlink BUILD program. This collaboration will allow Multisynq to access Chainlink's infrastructure more deeply, including cross-chain interoperability protocols and Chainlink Functions.
These tools support Multisynq's efforts to build secure synchronization protocols for decentralized physical infrastructure networks. In return, Multisynq will allocate a portion of its native tokens to Chainlink service providers, such as node operators and stakers.
Meanwhile, LINK's current price is $16.75, down 4.02% during the day. Despite the decline, it has still increased by 25.79% over the past week. The token also shows resilience in the long-term trend, trading above its 200-day simple moving average of $15.98, indicating an overall upward momentum.
Additionally, the Relative Strength Index (RSI) is at 66.51, positioned neutrally with no strong overbought or oversold signals. Liquidity remains robust, with a 24-hour trading volume to market cap ratio of 0.1330. The volatility is low, only 9% over the past 30 days, indicating a relatively stable trading environment.
With the continuous development of the ecosystem and technical indicators showing a neutral to slightly positive outlook, LINK appears to be in a consolidation phase. Although short-term trends may show sideways movement, broad developments, especially infrastructure partnerships, will influence its long-term bullish trajectory.
Brothers gather in the chat room:
Click to join the chat room, with irregular surrounding red envelope lotteries! Red envelopes sent!
