The market atmosphere over the weekend has clearly improved. First, #OK币 saw a big rally, boosting confidence, while BNB is steadily pushing towards the 1000 mark.
According to past experience, once Bitcoin and ETH start moving, altcoins and platform tokens will follow, so holding steady now is crucial.
The low point of this wave of the market did not break on Friday night, which is a positive signal.
I personally feel that the probability of a bottom has increased from 30% to 50%. In the short term, even if there is another drop, as long as it does not fall below 114000 or 4250, it remains reasonable.
On a macro level, there aren't many suppressive factors; the impact of PPI is more short-term noise, and the probability of a 50 basis point rate cut in September remains as high as 90%. So my judgment is: even if there is a pullback at the end of August or early September, the September market will still welcome a new round of increases.
ETH: Is the core of the market still a carnival before the bubble?
$ETH The core of this wave of increase is still the continuous buying by institutions, with ETFs and treasury companies being the main force. ETF trading volume surged to $17 billion this week, with a net inflow of $2.85 billion in spot trading, and the community sentiment reverse indicator also showed undervaluation signals.
Although Vitalik is concerned about the risks of the treasury model, it must be said that under the impetus of capital, the logic for ETH's rise remains solid.
In the short term, it may be stronger than BTC. The only thing to note is: cash in before the bubble bursts.
DOGE: Can ETF speculation lead to a historic breakthrough?
$DOGE It has been consolidating for over 1100 days, and the trend is gradually showing strength. In the short term, it may first challenge 0.47, then test the previous high of 0.74, and even aim for the range of 1.8-2.5.
Fundamentally, Grayscale is still pushing for the listing of a Dogecoin ETF. Once approved, institutional funds may accelerate their influx. DOGE is currently holding above $0.23, and the trend remains strong; perhaps it will indeed welcome a historic breakthrough.
However, be cautious; the previous rise was based on expectations, and after the real breakthrough, there might be a pullback.
UNI: Undervalued leader, can it challenge BNB in the future?
$UNI It has been moving up along the trend line, rising from 4.7 to 11, outperforming most altcoins. As a leading decentralized exchange, its innovation and valuation advantages are very prominent.
Although the team occasionally causes controversy with the token, it is essentially a normal operational need. More importantly, UNI's price-to-earnings ratio is extremely low, and in a bull market, its market value could completely challenge BNB's height.
The lack of short-term gains may be a washout; once there is news of 'empowerment,' such as ecological rewards, airdrops, or dividends, prices could take off directly.
Current market new hotspot: XLayer's XDOG
The trading volume of OK Chain's XLayer has surged by 253%, with the leading #xdog having a market cap of only 11.85 million, which leaves plenty of room for imagination compared to other meme chains.
However, the risks of these new chain 'meme' tokens are extremely high. It is advisable to only play with the leading tokens and follow the official flow and capital. Succeeding means profit, and failing minimizes risk.
At the same time, don't forget that SOL is still the meme chain leader; we need to observe whether this new platform can stand firm.
Overall, the market is experiencing short-term fluctuations but has not changed the upward trend.
ETH is the core driving force of the market, and tokens like DOGE, UNI, and SOL that have hot topics and capital logic may explode in turn.
Be patient with your positions; a pullback is an opportunity to get on board. Bull markets have always progressed amid hesitation and doubt, but those who can catch the rhythm are the real winners.
Let's stop here for this article! If you're still unsure of the direction in the crypto world, why not plan with me? I'm waiting for you; otherwise, in the next wave of the market, you might find yourself on the other shore.
