Yesterday's ADP non-farm payroll data was lower than expected, and previous initial claims data and PMI were also positive. Gold surged to the $2360 mark, but why is BTC still falling?
The fundamental reason is still due to the "Gate of the Head". The impact of the recent "Gate of the Head" incident far outweighs the Fed's policy. Pay attention to the non-farm payroll data to be released tomorrow night at 20:30. There should be more news about the "Gate of the Head" incident next week.
In summary, the strategy is to wait for the "Gate of the Head" to land before deciding whether to increase positions. Don't cut the bottom, otherwise the rebound mentality will be out of control, and chasing the rebound will lead to being trapped. As long as you are not buying high-inflation projects, holding spot positions should not be feared. Previously, ZK dropped to around 0.15 and rebounded, and CHR dropped to 0.2 and also rebounded. It may take a few weeks to fall, but it could rise back in a few days.
The prices of altcoins are still relatively low and are expected to rise significantly. For small investors who hope to enter the market early, this is a great opportunity. Knowing which altcoins will skyrocket can turn a moderate investment into a fortune. Gain in-depth knowledge of the upcoming tokens and seize the opportunity before the market takes off.
1. OM
Price: $0.8411
Market Cap: $702.92M
24-hour Trading Volume: $13.6M
OM's RWA has risen due to its collaboration with the Mantra chain and a $500 million real estate RWA in the UAE.
2. BILLY
Price: $0.14265
24-hour Change: 28.93%
Market Cap: Not yet listed
BILLY has surged to a new high against the market trend. BILLY is a dog meme on the Solana chain, and the number of holders continues to grow. When the overall market is not good, speculative funds will flow to chains with low liquidity requirements.
3. PEOPLE
Price: $0.07933
Market Cap: $399.85M
24-hour Trading Volume: $31.08M
ConstitutionCollective, initiated by a group of Web3 enthusiasts, aimed to win the original draft of the US Constitution at a Sotheby's auction. Although it ultimately failed to win the bid, the PEOPLE coin has evolved into a representative token of a decentralized autonomous organization (DAO) with profound historical significance. Since its launch, the PEOPLE coin has greatly increased its market value through a community-centric strategy. So far this year, its price has risen by 96% and 600%, demonstrating its long-term investment value. With the positive impact of the spot Bitcoin ETF, the PEOPLE coin is expected to rebound and surpass its all-time high.
If you are not good at selecting strong coins, then I suggest you pay attention to me. Whether it's spot or contract trading, a slight move may be your limit. The opportunity is short, so be sure to seize it! Success is not based on luck; choice is greater than effort. Your circle determines your destiny. In the coin circle, in addition to having a keen eye for timing, you also need to follow a good team and a good guide. By following me, you are already halfway to success in the coin circle!
If you want to learn more about the coin circle and cutting-edge information firsthand, feel free to consult me. We have the most professional coin circle community, and we publish market analysis and recommend high-quality potential coins daily. If you also want to navigate the bull and bear markets, see others bottoming out in the bear market, and double your profits, breaking free from the constraints of the bull and bear markets,
feel free to private message me to join us → VX: BTC0700
Join the group to discuss and learn professional knowledge about the coin circle, and don't be a sheep under the sickle.
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