Bitcoin is ready to hit new highs at any time. The dawn has come. Do you see it? Countermeasures are in hand, and there is no need to worry about the response:
At present, the trend of Bitcoin is still relatively strong. It rose to the 69,000 US dollar mark in the early hours of last night, but there is a pressure point at 69,000.
At the time of writing, it fell back to the stage of 68,000 US dollars. Ethereum did not fluctuate much yesterday and maintained a fluctuation around the 2,600 level. Ethereum focuses on the previous low point near 2,530. As long as it stabilizes above, the altcoin should be able to stabilize. The key position below Bitcoin is still 64,500, so the current trend is still healthy!
However, for the general trend, this small pressure point is nothing. Gold has repeatedly hit new highs, the Dow Jones is also hitting new highs, and it won’t be long before the Shanghai Composite Index will also hit new highs. All countries have also started a wave of interest rate cuts. Moreover, from a large-scale perspective, the bull market is on the way. Don’t fall before dawn! By then, the entire financial market will enter an unprecedented large-scale market!
As for small coins, the current market is taking turns to rise. Although small coins have fallen for more than half a year, their liquidity is still good. The key is to see the performance of the big coins. However, if there is no new liquidity, the room for growth will be compressed, and the market may rotate once and then disperse.
Therefore, whether small coins can be listed in the early stage depends on confidence; in the middle and late stages, it depends on whether they have strength and liquidity. In short, only when the big pie stands firm, the little brothers dare to move. Otherwise, it is still a question of confidence.
After a brief market correction in early October, the self-prophecy of "Rising October" came true again. BTC has climbed from a short-term low of $52,000 to $68,000, and is only about $6,000 away from its all-time high. Some of the once-despised altcoins have also gained a lot from the bottom, even rising by two to three times.
Stablecoin market capitalization is close to all-time highs
The change in the total market value of stablecoins represents the amount of capital flowing in. Although the market has experienced ups and downs and capital has flowed in and out over the past few years, it is difficult to be pessimistic when we take a broader perspective.
The total market value of stablecoins hit an all-time high of $186.3 billion in mid-2022, and then continued to decline, but generally remained above $120 billion. Fast forward to October 2023, capital inflows continue to accelerate, and the total market value of stablecoins has now exceeded $172.3 billion.
The historical high is just around the corner.
What are the current market trends worth investing in?
HNT
Helium is a blockchain-based network focused on providing wireless coverage for Internet of Things (IoT) devices. Recently, Helium partnered with the Telecommunications Infrastructure Project (TIP). By integrating TIP's OpenWiFi platform, Helium has significantly expanded its network coverage in a short period of time.
NEAR
NEAR Protocol is a decentralized development platform that uses Nightshade sharding technology to solve scalability and performance issues. It also has a second-layer solution, Aurora, which makes transactions faster and cheaper. The current price of NEAR is $4.8, up 2.45% in the past week and 25.70% in a month. Market sentiment is very optimistic, with the Fear and Greed Index at 73, and the price is above the 200-day simple moving average, indicating long-term growth potential. Coincodex predicts that NEAR can rise by 38.15%, possibly reaching $6.88 by November.
FLOKES
FLOKI has experienced significant price volatility in the cryptocurrency market recently. Over the past week, its value has increased by 5.19%, while over the past month, its value has increased by 16.73%. Even over the longer term, FLOKI has maintained modest gains, growing 0.31% over the past six months.
At the time of writing, the coin is trading between $0.0001396 and $0.0001539. This upward trend indicates increased attention from traders and investors. From a technical perspective, the indicators provide a mixed view of the coin’s status.
The relative strength index (RSI) is at 49.92, indicating neutral sentiment—neither overbought nor oversold. Meanwhile, the simple moving average (SMA) is well above the 200-day SMA at 423.54%. This indicator (the 200-day SMA is currently at $0.00002696) suggests a long-term bullish trend.
CRO
Cronos (CRO) is gaining traction thanks to the continued expansion of the Cronos Chain ecosystem and growing integration within Crypto.com services. The platform is primarily focused on supporting payments, trading, and financial services within Crypto.com. By enhancing its utility, Cronos aims to provide a more seamless blockchain experience for its users.
A notable feature is its cross-chain interoperability, allowing developers to create decentralized applications (dApps) that run across different blockchain networks. As of now, the CRO token is trading at $0.0776, reflecting a rise of 2.95% over the past week. The coin has experienced 15 green days in the past 30 days, indicating steady, albeit modest, growth.
HNT
Helium is a blockchain-based network focused on providing wireless coverage for Internet of Things (IoT) devices. Recently, Helium partnered with the Telecommunications Infrastructure Project (TIP). By integrating TIP's OpenWiFi platform, Helium has significantly expanded its network coverage in a short period of time.
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Market value: $1.008 billion
24-hour trading volume: $72,374,500
Why recommend ONDO?
Very simple logic, there has been an 8-fold increase in the first half of this year! (I often say that if there is no amazing explosive power in the near future, it will be difficult to have it in the future. The natural law is that the strong will always be strong, and the secondary market is also like this) and the trend is very simple and rough. The previous rising stage was accompanied by a steady upward movement along the middle track of the four-hour cycle. Now it has also clearly broken through the downward trend line and ended the callback. Although the recent performance is mediocre, it is a good time for layout.
