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The US election 🇺🇸 is counting votes🔔

Election update: According to the Fox News website: 29 states have announced the results!

🔴Trump currently has 178 electoral votes

🔵Harris currently has 113 electoral votes
Trump is currently leading by 65 electoral votes and nearly 3.5 million votes

This wave #YGG is very comfortable for going long, let me share my thoughts.

First, let's talk about the fundamentals:

In the past two months, YGG has given two strong signals:

1) Continuous token buybacks - at the beginning of August, they used LOL Land income to buy back 135 ETH (≈ $518,000), and at the end of August, they directly bought back $1 million on Binance.

2) The LOL Land game contributes a stable monthly revenue of over a million dollars, providing a blood supply for YGG's 'Game Launchpad' positioning.

Now let's look at the narrative shift:

People used to think of YGG as the 'leader of blockchain gaming guilds', but in the past two months, it has started to lean towards 'Game Launchpad'.

Once the launchpad logic is established, it can accommodate the issuance of new GameFi projects, essentially rehashing the early narrative of AXS.

In terms of tokens, the FDV is now $160 million, peaking at $1.7 billion, which leaves enough room for valuation correction. Additionally, the average buyback price is around $0.17, essentially providing a floor for the market.

The operational logic is very simple:

Position near the buyback price ($0.17), close to the project's cost range;

In the short term, bet on the narrative realization in September-October: launchpad going live, KBW, Token2049 exposure, with market expectations of another wave of capital inflow.

As a result, it rose from $0.1737 to $0.2271, with returns more than tripling, which is the dividend brought by understanding the logic.

Continue to track the follow-up, key to watch the specific performance of the launchpad.

Let's talk about the future trend of SOL

From April 7 this year to August 29, SOL has experienced a relatively rare "leading inclined triangle". Now, the first wave has ended, and the third wave has just begun, and it will rise more sharply than before.

Although this pattern is uncommon, it has appeared in previous bull markets. For example, during the bull market from 2015 to 2017, the first wave was a typical leading inclined triangle, characterized as follows:

The first wave was particularly long, lasting about 16 months, but the third and fifth waves were relatively short, totaling only about 10 and a half months; the second and fourth waves had very short pullbacks, and the declines were not significant; the third and fifth waves had slightly higher increases than the first wave.

According to this pattern, we can roughly speculate on the future trend of SOL:

The first wave rose for about 4 months, so the total duration of the third and fifth waves may be less than 4 months, and may even last only about 3 months;

The second wave pulled back quickly, and the fourth wave is also likely to have a short pullback;

The increase in the first wave was 1.27 times (=218/96-1), based on this ratio: the third wave starting from 194 targets at least above 440; the fifth wave starting from 330 targets at least above 750.

Of course, the third wave has just begun, so these predictions may have significant errors; just take them as a reference.

Saying that Spark is the leader in this round of on-chain is not an exaggeration.

In terms of market value, it dropped from 17 million to 2 million, then rose to 70 million, fell back to 10 million, and is now stable at 35 million. With the on-chain market so sluggish, Spark is the only one still standing strong.

From a storytelling perspective, on-chain Disney + AI virtual companionship, whether in terms of emotion, IP, or technology, has an extremely high imaginative space.

From the team's perspective, their understanding of IP, meme, and operations is profound; it's definitely not by chance! Just look at the founder's statements about IP and memes to understand.

From the attention perspective, Spark has captured the attention of the entire chain, along with big names like Bezos and Marc.

The leader has been established, full speed ahead!

In less than a year! #hype skyrocketed directly to the sixth in market value!

Even more astonishing is that in the past 30 days, HYPE and SOL have simply exploded, with growth leading the top ten tokens steadily.

The current performance of HYPE and SOL is like they are relaying the charge of ETH. The real madness has not yet begun, so stay tuned!

This week's macro data has basically all been released: On Tuesday, employment data was revised down unexpectedly, Wednesday's PPI unexpectedly weakened, and Thursday's CPI was relatively mild.

Overall, although inflation is still somewhat sticky, the weakening PPI and mild CPI have alleviated market concerns about future inflation.

Before the interest rate meeting on September 18, key economic data has been disclosed, and the market generally expects rate cuts of 25 basis points in September, October, and December. In the face of the easing expectations for the second half of the year, risk assets have steadily strengthened. Bitcoin, although slightly weaker than U.S. stocks, will not perform too poorly overall before the rate cut is implemented.

Currently, #BTC is trying to break through and stabilize at 114,300. If it can hold steady, there will be an opportunity for further acceleration in the rebound, completing a short-term "second wave" rebound before the interest rate decision on September 18.

The interest rate meeting is a turning point:

If the dot plot indicates still three rate cuts this year, totaling 75 basis points, then after confirming the rate cut, the market may temporarily pull back, a typical "Sell the news," followed by a short-term correction.

If the dot plot shows three rate cuts this year, totaling 100 basis points, then the pullback caused by the "Sell the news" may be very limited, instead raising expectations for a direct cut of 50 basis points in October, and the market will continue to speculate further.

I personally opened a long position around 111,300, preparing to decide on taking profits after the interest rate confirmation on September 18.

Additionally, it is worth mentioning that MyStonksCN has launched Crypto contract trading, supporting not only mainstream currencies like BTC, ETH, BNB, and SOL, but also some popular tokens' contracts. There is currently a contract competition, and skilled traders are welcome to challenge.

This round of counterfeit leaders can basically be said to be SOL.

Whether looking at the exchange rate trends of SOL/BTC or SOL/ETH, or from the continued inflow of spot funds, the same conclusion can be drawn. In addition, among the market-making activity of mainstream coins, SOL is absolutely the most active, with no exceptions.

If the repurchase of PUMP can continue, then 0.0042 could be a point to get in within the next month or two.

If it can return to 0.003 or even lower, then that would be the position to go all in with closed eyes.

Of course, my personal style is "not feeling comfortable without being locked in", so I usually rush in to buy a position first and then wait to add more later if it really drops, which aligns with my habits.

#WLD After consolidating for a year, it has started to rise, currently hovering around 1.7, with a previous high of 11U, and overall still very optimistic about the subsequent surge.

Many people are worried about the selling pressure from the daily unlocks. I checked WLD's linear unlock, which releases 2 million coins daily, worth about 4 million dollars at the current price. By December, there will be a total of about 360 million dollars in selling pressure over 3 months. Fortunately, Eitco Holdings recently announced a raise of 250 million dollars to reserve WLD, similar to MicroStrategy buying BTC; BITMINE also increased its holdings by 20 million dollars, and by the end of the year, this added capital can fully absorb the unlock selling pressure.

Additionally, this 75% linear unlock is a community incentive coin, which is airdropped to users who have completed iris recognition. Ordinary user accounts average 40 WLD, with more than 12 million registered users, equivalent to 12 million holding addresses, with each address holding between 40 and 160 (with some rewards in the U.S.), so the impact of selling pressure from a single address is minimal.

Looking at early institutional financing: a16z bought in at 1.3U in May, which is similar to the holding costs of Eitco and BITMINE now. Eitco is equivalent to leading Wall Street capital, and BITMINE is the largest holder of Ethereum globally, with its crypto treasury second only to MicroStrategy. The core figure @BitMNR has been promoting $WLD and iris technology. The influence of institutions and individuals should not be underestimated.

The institutional cost price is between 1–1.5U, and the current price is 1.88U, with all of them in a long-hold state. Recently, there have been continuous positive news; if the price only rises to 1.88 and then drops back, it doesn't make sense logically, so the increase before the end of the year should be more than this.

In the long term, the father of AI, Altman, has a grand vision for digital identity construction and token applications, making WLD very worthy of investment and expectation for large funds.

Of course, if it's small capital, I would recommend looking for coins with low FDV, high circulation, and strong project resources, to take small bets for greater opportunities with better cost performance.

NMR breaks 20 dollars!

16 dollars is definitely a hard bottom, and the 20 dollars position has been tested several times. If it can stabilize, there is a lot of room to go up.

HOLO tonight at 6 PM on Alpha, and at 8 PM on spot. There will be airdrops on Alpha, BNB holders will also receive airdrops, and there are airdrops from the Binance Booster event, as well as KOL rounds and community airdrops. The initial circulation volume is only 16.96%. Holoworld operates on a dual-token model, one is HOLO launching tonight, and the other is AVA, and the relationship between these two is still not very clear.

When LineA was launched, the price differences between on-chain, exchanges, and contracts were quite significant. Alpha's tokens could sell for over 100 dollars, the high point of Holder airdrops could sell for 1000 dollars, but I was confused and didn't sell, and now it's only 500 dollars left. The activities in the OKX wallet can reach 80-100 dollars at a high point of points, but now it's less than 50 dollars, and the chain is really lagging, and the transaction fees are not low.

Recently, my energy and operations have mostly been focused on altcoins.

Yesterday, the bake contract I chased at 0.08 peaked at 0.22, and the spot purchases that followed basically doubled.

The bsw I worked on yesterday afternoon also approached a near double.

The b2 I mentioned on Tuesday also had a return of 40–50 points.

I also entered a long position in MYX myself; if I can't beat it, I join in. After three days, the returns have also multiplied several times.

Recently, altcoins have really presented many opportunities, and it's essential to keep an eye on the strong ones!

BTC is gradually approaching the previously expected rebound target range.

But I don't think Bitcoin will directly reverse this time; I tend to believe it is just a rebound brought about by interest rate cut expectations. Once the interest rate cut benefits truly take effect on the 17th, where do you think BTC will go?

#useless has been lying sideways at a market value of about 200 million US dollars for a full 73 days.

After 73 days of fluctuations and consolidation, along with the fact that this is the hottest meme coin narrative of the entire cycle, what is to come may be the most intense market in crypto history.

At the same time, SOL is ready to break through new highs, DOGE is on the verge of an ETF, DATs are buying up aggressively, and an era of radical interest rate cuts is coming...

There is only one conclusion:

Up!

The target is still set at tens of billions, or even hundreds of billions in market value.

jobIess was left after the screening, which actually confirms its uniqueness in a way. Only with uniqueness can a synergy be formed.

Among the top 100 holders, currently there are not many who are truly profitable, and the short-term cooling has been quite sufficient.

Okx created Alpha and launched a xdog, which is currently close to 20000000. I think Binance should also take some action. As long as everyone works together, BSC can casually do something; even if the officials don't intervene, there are still opportunities to create a market cap of 20000000 or 50000000.

We always hesitate and wait. We are afraid it will drop to zero when it falls, and we dare not chase when it rises, so we can only wait a long time when we miss out.

Initially, I entered with a large position of 100000000 in Tst, and Mubarak entered with a large position of 30000000. At that time, many people looked at me like I was a fool, but later it surged all the way up. This shows that I am not foolish; I just entered the market firmly after careful research and held on firmly.

Now jobIess only has a market cap of 2000000. What is there to be afraid of? To buy 1% of a market cap of 30000000 requires 300000, whereas to buy 1% of a market cap of 2000000 only requires 20000, which offers a high cost-performance ratio and is worth a shot.

Dogecoin

1-hour chart shows strong fluctuations, key levels to watch closely!

DOGE is currently hovering around 0.239, short-term pressure from the middle band of the Bollinger Bands, but the support below is still relatively stable.

Support levels: 0.236 and 0.235, if it cannot hold, it may drop directly to 0.230!
Resistance level: 0.2407, only if it breaks through can there be a chance to continue moving upwards, with the target being the previous high of 0.245!
MACD signal: Although the fast and slow lines are still in a death cross, the green bars are shortening, indicating that the downward pressure is not as strong anymore, and a rebound could happen at any time.
Trading volume: Recently, trading volume has been average, everyone is waiting for news from the Federal Reserve or the ETF launch to decide on the direction.

How to operate today?

Short-term players: If the 0.236–0.235 range stabilizes, you can try to go long with a light position, placing a stop loss at 0.230, with the target first looking at 0.240. If it breaks through 0.2407 with volume, then you can chase long, targeting 0.245.

Medium to long-term players: The ETF launch and the Federal Reserve's interest rate cuts are both long-term positives, buy in batches during pullbacks, don’t go all in at once!

PUMP

Looking back at PUMP, after the high position distribution, it indeed absorbed a lot of funds at the bottom for a long time. I mentioned at that time that there were particularly frequent capital fluctuations, dozens of times back and forth. Now it has risen quite a bit from the bottom.

Actually, missing out is not important; the key is to learn to step away from market emotions and study the movements of the main forces using capital monitoring methods. This logic is applicable to any coin.

However, this kind of coin is really hard to hold onto. The recent WLFI is also quite similar.

BAKE What's next for MYX?

Are retail investors coming to take over?

Delisting spot but not delisting contracts!

In just a week, interest rates are expected to be cut. It is anticipated that the Federal Reserve will lower rates by 25 basis points in September and hint at 1-2 more rate cuts within the year.

Overall, this is a precautionary rate cut driven by weak employment data.

Why does the Federal Reserve have to take action this time?

In August, only 22,000 new non-farm jobs were added, and the unemployment rate rose to 4.3%. More critically, the official revision of total employment over the past year was significantly lowered by 911,000, indicating that the U.S. labor market is much weaker than previously thought, providing ample justification for a rate cut.

Of course, there is a small probability event where if tomorrow's CPI data unexpectedly comes in very weak, the possibility of the Federal Reserve implementing a "corrective" rate cut of 50 basis points may slightly increase, but this is not the mainstream expectation.

A 25 basis point cut can generally lead to a certain degree of widespread increase. According to the current market structure, ETH may perform better than BTC, so smaller altcoins in the ETH ecosystem may also experience another round of gains. However, there are many long-term uncertainties, and the core strategy remains to bet on the two major mainstream coins, BTC and ETH, rather than going all in on altcoin seasons.

Yesterday, the Binance Alpha airdrop token value ranking Top 10 was released, and it was really explosive:

Among them, 7 tokens are valued close to 500 USD, which are: MYX, M, AIOT, NXPC, Zora, Hyper, REX.

The most impressive is still #MYX . Today, a statement is circulating wildly, and it really hits hard:

"On May 6, Binance Alpha issued 1667 MYX airdrops, with a unit price of 18 USD at that time, and now this airdrop has risen to 30,000 USD.

And our friends, back then, when it opened at 85 USD, were eager to sell.

Binance gave you a car, but you only changed the logo."

I also casually tracked 13 tokens that have already been listed on Binance Spot in the Alpha project, among which 4 (PROVE, ERA, SAHARA, SPK) performed very strongly, having risen 1-5 times since the opening, especially SPK, which has exaggeratedly risen more than 500%.