Reasons for being optimistic about ETH in the second half of the year
1. There is a possibility of a reversal in ETH/BTC at present, and ETH is very likely to drive sentiment in the future of the currency circle
2. ETH's ETF also shows its attractiveness to institutional investors. The recent ETF has a net inflow, which also shows that the short-term selling pressure of Grayscale has decreased. The data still needs long-term observation
3. After the Bitcoin ETF was approved, a large amount of funds were invested, and the increase was as high as doubled. The same relatively low market value ETH can also do it.
4. You can pay attention to the altcoins in the ETH ecosystem, such as SSV; LDO; OP; ENS, etc. pepe is not recommended for the time being, because the market value is too large, the market funds are limited and it is not easy to pull the market. It would be better to pay attention to smaller market value varieties.
1. The Fed's rate cut will indeed release some liquidity, but it will also shorten the interest rate gap between Japan and the United States. Fund flow depends on the interest rate gap.
2. The scale of Japan's carry trade is about 20 trillion US dollars. The reduction in US dollar interest rates will definitely cause funds to flow back to Japan, and US dollar assets will be sold off. A considerable part of the return will be used to repay loans. This is why the return of funds to Japanese stocks did not rise.
3. Rate cuts are not good news. The Fed does not look at inflation, but at economic conditions. If the interest rate is really cut, it means that the economy is not good.
4. In the past few years, the yen carry trade can kill two birds with one stone, that is, the exchange rate difference and the return on US financial investment. The stock market crash some time ago has shown that there is capital rushing, but I don't think it has reached a turning point. Because even if the Fed cuts interest rates and the Bank of Japan raises interest rates, the interest rate gap between them is still huge, which means that funds will not be completely withdrawn in the short term.
5. For the cryptocurrency market, interest rate cuts are still a topic worth hyping.
With so many troops invading the Russian mainland, the battle line is too far to be supplied, which shows that they want to expand the war situation regardless of the consequences. Do they want to force Russia to use a big move and drop a nuclear bomb to scare Europe? The leader of Hamas died in Iran, which is a clear provocation? I guess Israel and the United States now want to escalate the situation, even if it means declaring war on Iran, so that Biden can become a wartime president?
The current market may go the same way as after March 10, 2023. At that time, Silicon Valley Bank collapsed, causing turmoil in the global financial market, including the cryptocurrency market, but in the end the panic stopped and all types of assets ushered in a good wave of growth! $BTC $ETH #加密市场急跌
1. At present, we can completely abandon the poll data, because all kinds of poll data are biased due to the problem of sample selection, thus distorting the data.
2. The most authentic data can be found in PredictIt. The data here is completely traded with real money, which is fundamentally different from the poll data!
3. The current odds show Harris 43 vs. Trump 58
(To add a little-known fact to everyone: Only Vice President Harris can inherit most of Biden's election funds in the United States, and others can only inherit 5%)
If Biden doesn't withdraw from the election, Trump will be the winner. But if Biden withdraws from the election, Harris is only 3 points behind Trump in the polls, so Trump may not be elected. Personally, I still hope Trump will be elected. His policy is centered on a weak dollar and is very friendly to the stock market and cryptocurrencies. If the Democrats come to power, the war will not stop.