Market is quite active and complex because there's a war going on. So, don’t fall in love with any position and don’t be afraid to change your mind. Follow the news in real time.
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$DRIFT has quickly reached a $500 million market cap with rapid listings on major exchanges like Coinbase, Binance, and Upbit. As projects in the Solana ecosystem strengthen, $DRIFT is capitalizing on this growth.
The liquidation of short positions is also driving the price higher, with a funding rate at -2%—meaning this situation is putting pressure on shorts. For longs, this results in a passive income of 2.00% of the margin every four hours.
Additionally, Upbit's $2 billion trading volume (spot) shows strong interest in the token. Reaching a $1 billion market cap and hitting $4 per token seems likely in the short term.
I'm holding my position. Take note: we'll be seeing similar scenarios with $SWELL too!
There are reports indicating that Kamala Harris is leading in the polls, and there are also rumors that Iran might carry out an attack on Israel. As a result, Bitcoin has started to price in these developments and has begun to decline, while Bitcoin dominance continues to rise, currently standing at 60.45%. My expectation is that it could reach up to 63%.
Until the election uncertainty is over, I don’t anticipate a relief in the markets. However, once the uncertainty subsides, I believe we’ll see a recovery in altcoins.
I plan to enter altcoins when dominance reaches 63%. $BTC
I've set these under close watch, as there's often a chance of an exit run before delisting. However, trading delisted tokens comes with its own risks, so keep that in mind.
$UNFI: Currently has a market cap of $14M at a price level of $1.58. The team has been inactive for a long time, making it a "lost" project that might still pump but is seemingly doomed in the long run.
$OOKI : We could see a strong exit run here. With a market cap of just $3M, it’s easy to move, and the team remains active.
#KP3R: Similar to the others, it has a low market cap of around $10M.
In short, these tokens have low market caps and are available on platforms like MEXC for futures trading. We've seen many examples of tokens getting short squeezes before delisting.
I believe $RARE will rise above the 0.30 level in the coming days. With a market cap under 100 million, it’s not unrealistic for this token to make such moves.
🚨The Delaware Bankruptcy Judge canceled the hearing initially scheduled for October 30, 2024, meaning it did not take place. Terra has also postponed the closure of its two protocol operations, originally set for October 31, 2024, to December 31, 2024. $LUNC