After a week-long holiday, Chinese stocks fell as the government failed to unveil a new economic stimulus package, sending MSCI's Asia Pacific stock index to its biggest drop in a month.
1.The United Nations
OKB is trading at $42.47, up 1.58% in the past 24 hours. Over the past 30 days, OKB has been performing well, with 21 of those days closing higher than the open, a 70% success rate. Currently, the token is trading close to its cycle highs, showing strong market activity. As of October 8, 2024, overall market sentiment remains bullish, with 23 technical indicators showing positive momentum.
From the price trend, OKB is expected to be traded at around $42.52 on October 9, and the price may see a small increase in the next few days. By October 12, it may rise to $44.05, an increase of 3.59%; by October 13, it may further climb to $44.24, an increase of 4.04%.
OKB is expected to fluctuate between $42.52 and $43.54 this week. By October 14, the price could increase by 2.40% to reach the upper target of $43.54. However, heading into next week, the outlook suggests a slight price drop, with the price likely to fall by 2.81% to $42.32 by October 21, 2024.
OKB is expected to trade in a wider range of $40.21 to $56.86 for the rest of 2024. If the upper target is reached, the token could surge by a massive 33.88% to $56.86.
2、GateToken（GT）
GateChain is a public blockchain that is dedicated to facilitating the transfer of digital assets while placing great emphasis on asset security. Its native token, GateToken (GT), is mainly used to pay transaction fees and stake to verify transactions and protect the network, thereby earning rewards.
GateChain provides an on-chain wallet that allows users to manage assets directly on the network without relying on third-party solutions. In addition, the platform is integrated with the Ethereum Virtual Machine (EVM), simplifying the deployment of Ethereum-based smart contracts on its network.
As of today, GateToken is priced at $8.97, up 0.94% in the past 24 hours. In the past year, its value has surged 147%, outperforming 67% of the top 100 cryptocurrencies such as Bitcoin and Ethereum. The token is trading 115.65% above its 200-day simple moving average (SMA), which is currently at $4.16. GateToken is showing a positive trend, with 23 days of the past 30 days showing an upward trend, accounting for 77%. Its annual inflation rate is -5.25%, indicating a deflationary supply.
The price of GateToken is expected to increase by 2.26% to $9.04 by November 7, 2024. The sentiment surrounding the token is currently bullish, with the Fear & Greed Index having a neutral reading of 49. Given its solid performance over the past month and a moderate price volatility of 5.63%, GateToken could be a favorable investment opportunity.
3. Binance Coin (BNB)
Binance recently announced the launch of Scroll (SCR) on its Launchpool and Pre-Market platforms. Users can lock BNB and FDUSD and receive SCR airdrops within two days. Scroll is an Ethereum zkEVM layer 2 solution and Binance's first Pre-Market project.
The total amount of SCR is 1 billion, of which 5.5% is used for new coin mining rewards. The initial circulation at the time of launch is 190 million SCR, accounting for 19% of the total circulation.
Binance Coin (BNB) is trading at $580.36, up 0.71% in the past 24 hours. BNB is up 180% in the past year, outperforming 76% of the top 100 cryptocurrencies such as Bitcoin and Ethereum. It is trading 9.09% above its 200-day simple moving average (SMA) of $532.14, showing strong momentum.
BNB has been stable, with 19 gains in the past 30 days, equivalent to 63%, and high liquidity relative to its market capitalization. According to the forecast, BNB's price could rise by 21.22% and could reach $696.57 by November 7, 2024. The current sentiment remains bullish, with a Fear & Greed Index score of 49, which is neutral.
4、Maker（MKR）
Maker (MKR) is currently priced at $1415.01, up 0.88% in the past 24 hours. Over the past year, the price has increased by 3%. In addition, Maker has had 15 trading days (50% of the past 30 trading days) with a closing price higher than the opening price.
Looking at the short-term price prediction, Maker is expected to remain between $1417.37 and $1960.37 this week, which could see a 38.31% increase by October 14, 2024, if the highest price prediction is achieved. For the following week, the prediction range is $1960.37 to $2602.04, which could see a 32.73% increase by October 21, 2024, if the higher prediction holds true.
In the long term, Maker could trade between $1417.37 and $4181.71. If MKR reaches the high end of this range, it would represent a 195.54% increase from the current price. These forecasts provide insight into short-term and year-end expectations, offering investors a wide range of potential outcomes.
Conclusion:
The US stock market also experienced a downturn, mainly affected by losses in large technology companies and rising geopolitical tensions. The VIX index climbed to 22 points, indicating rising market volatility. In contrast, cryptocurrency volatility remained stable, with the front-end implied volatility at 43%. As the correlation of digital assets increases, investors are looking for reasonably priced tokens, especially altcoins that are worth buying now.
