In line with expectations = good market. Market analysis on September 24

The Fed overnight was a bunch of nonsense, almost nothing useful. Interest rates continue to remain unchanged at 0-0.25%. As a whole, we still have to observe the recovery of the US economy and decide when to reduce debt purchases. Has entered into the expectation of debt reduction, but the process of debt reduction is as slow as a snail. Therefore, the meeting overnight basically met previous expectations and therefore did not cause too much volatility in the market. The big pie was expected to be negative in advance. , Meeting expectations is good, so after the meeting, it is in a trend of continuous rebound. As for the interest rate hike, it is expected that it will be the end of next year at the earliest, so don’t worry. The delaying strategy is the usual strategy. Just look at how many years the Bitcoin ETF has talked about, and you will understand this nasty truth. What about the end of next year? Look again later.

Dubai allows bitcoin transactions in the tax-free economic zone. The introduction of this policy makes bitcoin feel like a real thing. It seems that people only need to change the location of their mobile phones to the tax-free economic zone, which is equivalent to Dubai's recognition of bitcoin transactions. , Dubai should hope to do a pilot in the duty-free zone, and then open to the public.

Bloomberg Commodity Strategists said that gold investors are experiencing an outflow, and these investors are turning to cryptocurrencies such as Bitcoin and Ethereum, because Bitcoin has become an increasingly popular deflationary standard. Bloomberg strategists probably won't talk nonsense, after all, people can get important global investment data. It seems that Bitcoin is eroding the market value of gold, which has become an indisputable fact.

Huobi Trust Co., Ltd. has officially entered the field of cryptocurrency custody. At present, the company's custody scale has exceeded 1 billion U.S. dollars. This is a trust company licensed by Huobi in Hong Kong, and it is also a way to lock institutional funds in the crypto industry.

In the past two days, Purpose Bitcoin ETF has increased its holdings by 390 Bitcoins. Although the increase is not large, it at least shows that some institutional funds have returned.

Robinhood will launch a full-scale crypto wallet in early 2022, and said that it will add cryptocurrency to its balance sheet, which means that this large exchange has officially entered the crypto industry and will hold crypto assets as part of its finances. Favor the industry.

The report shows that in the wallet statistics of games, NFT, and Defi this month, the number of active wallet addresses in games increased by 64% compared with the previous month, NFT and Defi increased by 6% and 3% respectively, and most of the users are from under 34 years old Of young people, indicating that young people’s interest is turning to blockchain games, which will become a trend in the next 5-10 years, because young people in an era represent the real future. As for NFT and Defi, they will not die out. After the popularity increases, the value will be reflected.

Panic 27 has picked up, and every time you panic is a good opportunity to participate.

Market analysis

Bitcoin:

Bitcoin rebounds to near the 5-day line, of course, it will be under pressure. It is still relatively difficult to directly break through. The bottom support 42500, the probability will be a narrow range of 1 day, and tomorrow will be regained after the large option is delivered at 16 o’clock. The possibility of an uptrend is very high, and the operation is still mainly to participate in the dip.

ETH:

The trend is a bit similar to that of Bitcoin. It needs to consolidate and oscillate. The support level is 3000. Stepping back is an opportunity to get on the bus.

DOT:

It was the first to rebound, but it did not last very long, and the overall market outlook was linked.

XRP:

Can not fall, rebound mainly.

LINK:

Linkage is the mainstay, not too strong.

ADA:

Today, the public chain has rebounded greatly, and ADA is still relatively weak in the sector, so we will not participate first.

TRX:

After a small double bottom on the daily line, yesterday's low is not broken, so you can participate.

DOGE:

The transaction volume hit a new low since 2017, and they were all trapped. The AMC cinema line confirmed support for Dogecoin payments, and the short-term rebound is expected to continue.

SOL:

150 The pressure is still quite large, and linkage is the mainstay.

AVAX:

It has set a new record high. He is currently the most hyped in the public chain. The funds are still there, and the trend is expected to continue.

AXS:

The token economy is adjusted again, the cost of breeding offspring has been reduced from 2AXS to 1AXS, consumption has decreased again, and now it has hit a strong pressure zone, and the participation yesterday can stop profit today.

I won’t talk about other things. Today and tomorrow are probably turbulences. The change or after 16:00 tomorrow, the weekend is an important time node and needs to be paid attention to!

[Diary]Tell you a secret, how crypto will go next?

In the spring of 1975, the U.S. forces withdrew from the Vietnam battlefield. 46 years later, the U.S. forces withdrew from Afghanistan. Regardless of whether the Taliban regime can be stabilized or not, it has little to do with us. Now we should understand one thing. Repeating, is it accidental or inevitable? Will there be a similar future? The madman studied the big cycle in depth last night and discovered an amazing secret.

Anyone who has seen the Kangbo cycle knows that there is a cycle of about 60 years, and this time, the two withdrawals of the United States are just the iterations of a major cycle. Our era has entered a period of economic stagflation. What is stagflation? Just how much money is printed will not have a positive feedback on the economy. At this time, the money will flow into the virtual economy, that is, the stock market, commodities or gold. In the United States in the 1970s, there was a big stagflation. In the following years, the prices of various assets went up wildly, which also became a turning point in a new cycle. At the end of the article, the madman gave you a website. If you are interested, you can check it out for yourself. 1970 Years later, what happened in the United States. The madman here wants to draw a conclusion directly. The current crypto market superimposes the needs of the times, superimposes the economic stagflation cycle, superimposes the digital currency, and in the next few years, no assets will be able to outperform the cryptocurrency. This sentence madman You can pat your chest and put the words here. If the madman is still creating in a few years later, we can witness together. If you believe in the judgment of the madman, take the Bitcoin and Ethereum in your hand and wait for the miracle in a few years. happened.

Iran’s national tax regulatory agency proposes to legislate for legal cryptocurrency exchanges. The crypto industry has entered the process of legalization in Iran. Zf is still fighting for its own taxes, but this kind of country is barefoot and is not afraid of wearing shoes. Have the opportunity to complete the curve and overtake. The Indian side also said that India’s cryptocurrency bill is waiting for the cabinet to pass, and it is about to start supervision. Don’t look at the real economy, but the financial game is still quite good. The stock market is rising every day, indicating the financial situation. It is clear that cryptocurrency will also become an investment product in India, a populous country, and the army is about to rush in.

The Central Bank of Costa Rica is vigilant and tolerant towards cryptocurrencies, while leaving room for technological innovation, while at the same time making investors aware of the risks. This open attitude is worth learning.

Bank of America has given a neutral rating to Coinbase stock and believes that he is still far from becoming the Amazon of the crypto industry and is still in the early stages. A Binance’s annual revenue exceeds Nasdaq. It is also an exchange. The tradition is quickly overturned by the currency circle. These traditional financial analysts are still talking coldly and look down on emerging industries. This is really The collision between tradition and rookie is full of irony.

Similarly, the rating agency Fitch also warned Salvadoran insurance companies that the adoption of Bitcoin will have a negative impact on the credit of insurance companies, and the rating companies are not completely neutral. In the future, once cryptocurrency replaces the traditional financial model, Fitch may also become a victim. Objects of subversion, opaque things will eventually be replaced by blockchain technology.

JPMorgan Chase also said that there are signs of a bubble in Bitcoin investment, and they are more optimistic about the US stock market. These institutions have smelled the breath of risk. The cryptocurrency industry is developing too fast, with high thresholds, and work intensity and time are not comparable to traditional industries. It is normal for us to pay so much and make a little more money.

Cryptocurrency investment products have continued to flow out in the past six weeks, with a total value of 115 million U.S. dollars. This is the longest continuous outflow since 2018. Again, this is too little money and has little impact.

Investment giant Tiger Global bought $665 million in Coinbase stock. This company manages $79 billion in assets and spends nearly 1% on the allocation of crypto exchanges. These trends have become an unstoppable reality. Incremental funds will be in the future. Time will quickly come in.

Greed 72, not ideal in the short term.

Market analysis

Bitcoin:

48,000 did not pass, but the market showed strong resilience, meaning that it could not be adjusted. Remember the wave of 312. Many people thought it would be over after 60,000. As a result, the market abruptly pulled to 65,000, and those who got off the car had no chance. It’s the same this time. As long as the bull market continues, it won’t give those who have run out of the sky a good opportunity to get in the car. Since the market is not deeply adjusted at present, we are still thinking long and continue to buy and hold. The distance of 1 million bitcoins is only 30 times, and it takes minutes to go up.

ETH:

It is also unable to adjust, and there is a chance to continue.

DOT:

Recently it has been hyped up very fiercely, but compared with other public chains, it is not strong, and the 5-day line will be held if it is not broken.

XRP:

The weak are always weak.

LINK:

It's not broken, you can hold it.

ADA:

There is still some selling pressure in the front high position, and it is normal to adjust it. It is too difficult to directly go up.

ZEC:

Recently, the K-line has been moving quite steadily, and there is a chance to speed up.

AXS:

The income remains at 11 million US dollars a day, and the demand is still sufficient at high levels. It refuses to pull back and is expected to continue to new highs.

MATIC:

Acquiring Hermez and completing the L2 full expansion plan, Polygon basically dominates this track, and the leader of the expansion plan of Ethereum belongs to him and deserves it. Before the real arrival of Ethereum 2.0, his living space is still good, and how to transform in the future, let's take a look.

SUSHI:

Independent rise, just hold on the 5-day line.

AAVE:

The amount of locked positions exceeded 24 billion U.S. dollars, mainly locked in Ethereum, and 4.37 billion locked in Polygon. This coin is a very good APP (application) that can survive on any system (public chain). After all, people do global P2P, purely copy traditional finance, and use blockchain to reduce dimensionality to combat tradition.

SOL:

Recently, Afro series are very fierce, such as SRM, SUSHI, RAY, SOL, etc., this kind of rise can only be held along the trend, just watch it if you have no position.

The market's refusal to pull back is a strong signal for bulls. Consider picking up the discarded chips.

Following the Dogecoin boom, two "Dogecoins" Akita Inu and Shiba Inu coins have also increased in price

 

The picture shows the official website of Akita Dogcoin. (Screenshot of official website)

There is an upsurge in the cryptocurrency circle. With the skyrocketing of Dogecoin, cryptocurrencies related to dogs have also skyrocketed in recent days. Also included with the Shiba Inu marked Shiba Inu currency (SHIB), as well as new members of the "Dog currency" of Akita dogs currency (AKITA).

The picture shows the official website of SHIBA TOKEN. Shiba Inu’s development team even claims to be a "Dogecoin killer." (Screenshot of Shiba Inu Coin official website)

On the anniversary of Dogecoin's April 20th, the prices of the two dog currencies also rose. Akita Inu coin increased by 7,417% in one week and 10,628% in 30 days; Shiba Inu coin also increased by 668% in one week and 2,536% in 30 days. And as Dogecoin has soared again recently, the price of "Canine Currency" has also soared.

According to the websites of Shiba Inu Coin and Akita Inu Coin, both currencies are decentralized experimental tokens sent from the community. 50% of the total supply will be locked in Uniswap transactions, and the remaining 50% will be destroyed. The development team will not hold any tokens in their hands. The purpose is to ensure that the price of the currency is stable and there will be no possibility of official manipulation of the price.

The picture shows the price trend of Akita Dogcoin. Since its launch, the Akita Dogecoin has surged in April and May following the increase of Dogecoin. (Screenshot of CoinMarketCap)

Akita Inu Gohei "Akita Inu Amiji"

Akita Dogcoin was launched on Uniswap in January and has now entered 7 exchanges including Huobi and MXC Matcha. The Akita Dogcoin development team has been cooperating with Polarfox Ecosystem and Avalaunch to create a community called "Akita Dog Network", which will continue to develop through the use of small sponsorships for Akita Dogcoin.

It is worth mentioning that the Akita dog also introduced currency Home currency, as well as self-proclaimed "dog coins CEO" of Musk (Elon Musk). The development team claims that Akita Dogecoin was inspired by Dogecoin and the team hopes that Akita Dogecoin will also rely on the power of the community to drive its own development.

Shiba Inu coin calls itself ``Dogecoin killer''

As for Shiba Inu coins, they even call themselves "Dogecoin killers." Shiba Coin intends to launch its own decentralized trading platform ShibaSwap and establish its own ecosystem, and the future blueprint published on its website intends to get involved in the NFT platform.

According to the development team, Shiba Inu Coin will provide LEAH as a reward for liquidity mining, and the blueprint for another BONE currency will be announced when ShibaSwap goes online.

Although both Shiba Inu and Akita are still in the early stages of development, the recent media exposure of the use of Dogecoin has greatly increased. The two currencies have also attracted the attention of investors and participated in the community to promote development.