Tomorrow is May Day. As soon as the holiday begins, I find it difficult. If I go out for a walk, there are people everywhere. The roads are filled with cars, and the tourist spots are crowded. I don't particularly like this kind of hustle and bustle; I prefer quieter places. Where is everyone going to have fun?
Bitcoin is currently in a phase of fluctuation and adjustment. I have previously emphasized that without major negative news, there will be no significant drop. The main tone will be an upward fluctuation. May 1st is the day the Bank of Japan announces its interest rate decision. If the Bank of Japan raises interest rates, there will be short-term negative impacts, but that will also be a time to buy the dip.
Several small golden dogs appeared on the chain yesterday, most notably PASTERNAK, which is the coin of the former founder of the Clout platform. It directly changed its name yesterday, and the new platform launchacoin also went live simultaneously. Current FDV is 18M. The TROLL giant dog fund is also quite strong; a few days ago, they urged everyone to pay attention, and today the FDV has reached 36M.
The recent rebound in CEX still focuses on the AI sector, with Prompt being a key focus, and there is a trend for further upward movement.
May Day! Will Bitcoin break 100,000 in May? A big golden dog emerges on the chain again! You deserve to have 4 powerful hundredfold coins!
AR
The Arweave mainnet's data storage volume has increased by 300% against the trend during the bear market, and the permanent storage protocol is gradually being adopted by governments, healthcare institutions, and others. As the trend of modular blockchain becomes clear, its storage layer value may be re-priced. The current market cap is only 1/5 of Filecoin, but the technological differentiation and ecological activity (300+ ecological projects) create misplaced competition, leaving room for valuation recovery.
IOST
Reason: The triangular convergence has reached its end without a clear statement (delay). Entry can be defended at the previous explosive closing price; a pullback will trigger entry, and stop-loss can guard the low point of the explosive volume. Historical data shows that there have been supports that washed the bottom, and they have accurately hit the bottom multiple times. However, if you want to buy at market price, you must accept the possibility of being stopped out.
SUI
Ethereum became popular in 2017 due to 'pioneering' smart contracts, with prices skyrocketing. In 2021, Solana rose with second-level transactions and low costs, boosted by FTX, causing prices to surge. SUI, as a newcomer, boasts strong technology, an experienced team, and ample financing while focusing on user experience. However, it faces three major challenges: lack of support from top-tier institutions, fierce competition in the L1 track, and difficulty in user migration. SUI has explosive potential but needs key driving factors, such as killer applications, large capital entry, or market enthusiasm. Betting on SUI comes with both risks and opportunities, similar to investing in Ethereum in 2016.
CHUTES
Chutes is a serverless AI computing platform developed by Rayon Labs that can quickly deploy, run, and scale AI models. Users can easily integrate through the platform or API. Chutes is the largest market cap token in the Bittensor Subnet, recently down 18%, but it had increased by 67% within a week. The current RSI is 23.78, indicating overselling, or nearing a reversal area. If Chutes regains momentum, its network effect could lead to a strong increase, pushing the price to the $0.40 range.
