CryptoExplorers says
Today's gains list is almost all air coins dominating the list. Of course, this is a bit absolute, and there are some good coins mixed in, but most of them are rubbish coins that have been lying on the floor for a long time. What does this trend show? It shows that the hot money in the market cannot find a suitable target to speculate. Most of the valuable currencies have already gone up, ranging from 10 times to hundreds of times. The cake and Ethereum are completely free from hot money. The control, and it is in a flat period recently, there is no operability. So they aimed at the junk coins that no one cares about in the market, let these coins rise rapidly, attract some buying, and then complete the harvest, hang those who want to speculate on the top of the high mountain, and complete another one. Periodic washing callbacks. After all, the currencies of these high-control disks are very easy to pull up. Almost left-handed and right-handed (zero cost) can complete the currency price increase. As long as you dare to chase, people will dare to give you the bargaining chip. The rise of air currency speculation also shows that the current market does not have good opportunities for participation. Either it continues to fluctuate, or it is called back to find support. Anyway, whether it is a shock or a callback, we need to continue to consume our patience.
The CEO of American Global Investor stated that Bitcoin can be paid through Paypal and VISA as a result of more and more users adopting it. The current blockchain technology is moving down from the apex of the pyramid. As the experiments of Bitcoin (blockchain 1.0), Ethereum (2.0) and then to the application level (3.0) continue to improve, blockchain technology gradually As the backbone technology of the current world, the Internet has become the most basic core of this era. Blockchain is grafted on the Internet to complete a new subversion and bring human civilization to a higher level. Taking advantage of the fact that some countries and giants have not yet fully penetrated in, we speed up the excavation of this huge blue ocean to obtain our own.
The concept of NFT last month not only dropped 90% of its trading volume from its peak, but also the average price of transactions fell by 70%. This is a fall in both volume and price, and the typical bubble burst. Even so, we still do not deny the future development value of NFT. After all, in the digital world, more physical objects need to be virtualized, but it is by no means like the previous NFT, where every move is a sky-high transaction. Maybe when the value returns, it can develop better. Gucci also recently confirmed that it is only a matter of time before it releases NFT, and many luxury goods companies will release their own NFT products.
The Baidu index shows that the Bitcoin search index has fallen by 27% in the past 30 days. With the recent sideways trading of Bitcoin, attention has dropped significantly. However, from the USDT premium rate, investment enthusiasm has increased unabated. Therefore, from the perspective of funding, there has been no fundamental change.
After a period of volatility and correction, the miner index turned positive again, which means that the miners’ sell-off has officially ended, and the miners are hoarding bitcoins again, the end of a large handover cycle, and preparations for the start of a new main uplift cycle.
The number of ETH on the exchange reached a 19-month low, and the selling pressure continued to decrease, which is conducive to the market outlook.
Market analysis
Bitcoin:
Bitcoin will continue to oscillate in the big box. The longer the oscillation cycle, the greater the chance of upward movement. Although the market will be relatively boring, this is what the market is like. It fluctuates 80% of the time. 20% of the time there is a trend, we are still at least in the 20% up cycle, but stay within 80% of the 20%. Therefore, ignoring short-term small fluctuations, and still relying on patient holdings.
ETH:
It seems that it hasn't gone bad yet. The 2000 integer mark has been repeatedly rubbed and held first.
DOT:
The amount of unlocked next week is still not large, and the overall trend is still upwards, holding the main.
XRP:
Ripple is flying, congratulations to the comrades who have been ambushing, take it first, the first one, and there will be continued opportunities behind.
LINK:
If it didn't go bad, it was still the main shock.
BCH:
I published a weekly report and probably said a few good things.
BCH side chain releases full node client;
BCH usage on Bitpay hit a new high;
Users can create or destroy NFT on BCH.
The others are fine. I pulled a wave today. It seems that the community intends to take advantage of the bull market and it should have a certain impact on the currency price in the near future. After all, the currency has been silent for a long time and has not risen much. There are expectations for supplementary gains.
LTC:
It's nothing, it's still a linkage pie.
BSV:
Unless you return to the previous 260 platform in these two days, you will not be considered for participation.
ADA:
Wait patiently, not a good opportunity.
EOS:
Take the 5th line without breaking.
TRX:
Every time Sun Ge pulls a game, people doubt his life. Anyway, this guy dare not take everyone to pick it up.
XMR:
The shock is mainly higher.
ZEC:
Leading the anonymous sector can continue to hold.
FIL:
It's a bit difficult to go back up again, so don't participate first.
DOGE:
Continue sideways indefinitely.
UNI:
It's still in the rest period, so don't participate first. The trend of SUSHI is not very good, and there is expectation that it will continue to pull back.
The market is calm, let's continue to wait patiently, now it is the world of supplementary increase, let them fly for a while.
That's it for today, see you tomorrow.
