Is it a rebound or a reversal?
Actually, there's no need to define the market; as long as we make our own money, that's enough. There's no need to get hung up on what cycle it is; any opportunity to make money is a good signal for us.
Next week is the real watershed. If US stocks decline due to the meeting results or inflation data, the overall risk appetite will decrease, making it harder to maintain the bullish sentiment for BTC. Next week, there’s also inflation data, and this will be the first release after tax increases. If this data doesn't look good, the market might return to the anxiety of 'high inflation + high interest rates.'
Powell actually gave a preemptive warning this week: if employment and inflation look bad, we have to choose the tighter side first — in plain language, if inflation rises, the Federal Reserve will continue to hold off on rate cuts.
Overall, whether it can continue to push up depends on whether there are new stories to tell, such as reconciliation between Trump and China like the UK, or the provision of staking ETFs for Ethereum. This wave clearly shows that only Ethereum has seen an increase; only then can altcoins flourish. Bitcoin will just siphon off funds, while Ethereum can genuinely bring out the profit effect for altcoins.
4 major 100x altcoins not to be missed in the big bull market!
CAKE
Binance is vigorously developing Dex and even placing Dex tokens directly on the Binance app for immediate trading (which is a huge benefit for CAKE, but hasn’t reflected in the token price, for some reason). The destruction mechanism has been upgraded; it used to be community DAO, but now Binance has taken back the power through means. If they didn’t want to aggressively develop Dex, there would be no need for continued large volume over three weeks. The weekly triangle oscillation is at its end phase; if it chooses to break upwards, the increase could be very substantial.
Profit explosion, TVL tens of billions, Uni TVL seems to be over 30 billion. Correspondingly, the current 600 million market cap seems unreasonable. Overall, it’s backed by big players, ranking in the top three in performance within the same field, yet with the lowest market cap, ten times lower than Uni, which is severely undervalued. I hope after Binance regains control, it will develop vigorously and reflect in token prices. I’ve swapped all my meme tokens in BSC for CAKE; even if there’s a market for BSC later, CAKE will not be absent.
WLD
After the hype around MEME coins, it will surely be the turn of other altcoins in the crypto space. Although WLD has a large unlock, I still believe that WLD is the leader in the AI sector. WLD at least has some real-world applications; it’s not a worthless token. When it’s time to hype, it will still be hyped, and the price will eventually go up.
OP
It’s time for OP to rotate. ARB and ZK have already taken off, and OP ecosystem’s VELODROME has also taken off. OP is the leader in L2; if it doesn’t take off now, it would be rude. The unlocks are mostly done, basically close to full circulation. Let’s aim for 1 this time.
I still think the leader in L2 is OP; anyone who has actually used L2 chain operations knows that the OP chain is the smoothest.
