Cryptocurrency News
October 11 Highlights:
1. Senator Hagerty proposed a stablecoin regulatory draft similar to the House bill framework.
2. Ripple submitted a cross-appeal in its ongoing lawsuit with the SEC.
3. SEC Commissioner Mark Uyeda stated that the SEC's approach to cryptocurrency is a "disaster."
4. The FBI profits from creating Ethereum tokens used to catch scammers.
5. Federal Reserve's Goolsbee: Inflation levels are as expected, and the overall trend clearly shows that inflation has significantly decreased.
Trading Insights
How to determine whether an altcoin has potential and the capacity to become a hundredfold coin? You can analyze and judge from the following aspects!
Project Fundamentals
Team Background
- Examine the professional capabilities, industry experience, and reputation of team members. A strong team is more likely to successfully drive project development.
- Understand the stability of the team; frequent personnel changes may adversely affect the project.
Technological Innovation
- Assess whether the technology underlying the altcoin is innovative. For example, does it use a new consensus mechanism, privacy protection technology, or scalability solutions?
- Pay attention to the feasibility and practicality of the technology, avoiding overly complex or difficult-to-implement technical concepts.
Application Scenarios
- Analyze whether the altcoin has clear application scenarios. A project supported by actual demand has more investment value.
- Consider the market size and growth potential of the application scenario, as well as the project's competitiveness in that field.
Market Factors
Market Capitalization and Circulation
- A low market cap means the project is relatively small but may also have significant growth potential. However, be cautious as a very low market cap may pose liquidity risks.
- The size of the circulation will also affect price volatility. Altcoins with smaller circulation are more easily manipulated but may also experience significant price increases under favorable conditions.
Trading Volume and Liquidity
- Observe the trading volume of the altcoin; higher trading volume usually indicates better liquidity, facilitating buying and selling operations.
- Compare trading volumes across multiple trading platforms to ensure data authenticity.
Community Activity
- An active community can provide support and promotion for the project. Pay attention to the project's social media channels, forums, and Telegram groups to understand the number of community members, interaction levels, and enthusiasm.
- The community's technical contributions and promotional efforts can also reflect the project's development potential.
Risk Assessment
Regulatory Risks
- The cryptocurrency market is influenced by regulatory policies in various countries. Understand the regulatory environment in the project's location and the potential policy risks it may face.
- Regulatory uncertainty may hinder project development or cause significant price fluctuations.
Competitive Risks
- Assess the altcoin's competitiveness among similar projects. There may be many similar projects in the market, so analyze its unique advantages and differentiation strategies.
- Pay attention to competitors' development dynamics and changes in market share.
Technical Risks
- Technical vulnerabilities and security issues may cause significant losses to the project. Understand the project's technical architecture and security measures, assessing its ability to withstand attacks.
- Monitor the project's technical updates and maintenance to ensure its sustainable development.
In summary, investing in low market cap altcoins carries high risks and uncertainties, requiring comprehensive analysis and assessment. During the investment process, maintain caution, manage risks reasonably, and avoid blindly following trends. Additionally, it is recommended that investors diversify their investment portfolios to reduce the risk of a single asset.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White community this week. Congratulations to those who followed along; if your operations are not going smoothly, you can come and test the waters.
The data is real, and each trade has a screenshot from when it was issued.
Search for the public account: Big White Talks About Coins
BTC
Analysis
Bitcoin suggested to buy near 59170 yesterday, and it has now reached the take-profit target near 60200. The daily line formed a pin bar yesterday, with the highest spike reaching around 61320 and the lowest dipping to around 58900, closing near 60300. The upper resistance is near MA90, while the lower support is around 59400. A pullback can be used to buy near this level. MACD shows a decrease in bearish momentum. On the four-hour chart, the upper resistance is near MA200, while the lower support is around 60300. MACD shows a decrease in bearish momentum and indicates signs of a golden cross forming. Short-term buying can be considered near 59380-58620, with rebound targets looking towards 60300-61300.
ETH
Analysis
Ethereum's daily line saw a lowest spike down to around 2330 yesterday, with a maximum reaching around 2420, closing near 2385. The upper resistance is near the MA7 moving average; a breakout could target the MA14. The lower support has been tested multiple times around 2280. A pullback can be used to buy near this level. MACD shows a decrease in bearish momentum and indicates signs of a golden cross forming. On the hourly chart, the lower support is around 2350, while the upper resistance is near MA30; a breakout could target MA200. MACD shows a decrease in bearish momentum and indicates signs of a golden cross forming. Short-term buying can be considered near 2280-2245, with rebound targets looking towards 2350-2450.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag; if you have any questions, feel free to consult.
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