Powell Delivers Hawkish Remarks
Federal Reserve Chair Jerome Powell said on Thursday in Dallas that the economy's resilient performance has given officials room to be cautious on the issue of rate cuts, stating that "there is no need to rush to cut rates" and "we can be prudent in making decisions in a strong economy."
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Overnight Bitcoin Also Sees Sharp Decline
Bitcoin plunged over $3,500 in just half an hour, from $91,000 to $87,000, a drop of over $5,000 from its all-time high. Coinglass data shows that in the past 24 hours, nearly 200,000 people were liquidated across the crypto market.
Let's Start with the Recent Performance:
The beginning of a bull market means the arrival of easy money opportunities, and as the market warms up, let's seize the chance together! Helping everyone better acquire their own piece of the crypto pie!
1. The ACT recommended recently topped the gainers list, with over 50% returns.
2. The on-chain meme (Charlie) recommended yesterday afternoon was around 0.002 when recommended, and reached a high of 0.15, a 7x gain!
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Bitcoin continues to create miracles, the price will reach new highs, and the market momentum is very strong, the bull market is endless, no short.
Catch the Large MC Memecoins in the Big Bull Market, Look at These 3 Altcoins That Can 100x
1. PEPE
PEPE is another meme cryptocurrency that has outperformed Bitcoin (BTC). Today, the frog-themed cryptocurrency hit a new all-time high of $0.00002457. PEPE is up 81.7% on the daily chart, 124.3% on the weekly chart, 140.2% on the 14-day chart, and 118.6% from last month.
According to CoinCodex, the meme cryptocurrency is expected to continue rising next month, reaching $0.00007207 by December 12, 2024. Reaching $0.00007207 from the current price would result in an approximately 204% increase.
2. BNB
First, I want to remind you that BNB mining has arrived, and I have reminded you to do the usual today. BNB Chain has recently partnered with Google Cloud, providing $10 million in cloud credits to encourage continuous innovation in the BNB ecosystem, particularly in the development of cloud and AI-driven decentralized applications (dApps).
It has risen 4.77% in the past week, reflecting a positive momentum. BNB's trading price is 10.96% higher than its 200-day simple moving average (SMA) of $548.18, which is a favorable signal relative to this long-term benchmark. BNB has had 16 closing days of gains in the past 30 days. The token also has high liquidity, with a trading volume to market cap ratio of 0.0483, a 24-hour trading volume of $4.33 billion, and a market cap of $89.76 billion.
BNB's 14-day Relative Strength Index (RSI) is currently at 62.95, indicating a neutral position, and it may continue to consolidate in the short term. The indicator suggests that BNB is neither overbought nor oversold, so the price movement is stable, without strong directional pressure.
3. WIF
WIF is the third cryptocurrency that has outperformed Bitcoin (BTC). WIF is up 40.4% on the daily chart, 75.3% on the weekly chart, 60.6% on the 14-day chart, and 51.4% from last month. However, despite the gains, WIF is still 12.3% below its all-time high of $4.83.
CoinCodex expects WIF to continue rising. The platform predicts that this meme cryptocurrency will reach $14.93 by December 12, 2024. Reaching $14.93 from the current price level would imply an approximately 262.38% increase.
4. BOME
BOME's recent price surge has attracted the attention of many investors. It has broken through the resistance area, showing the potential to reclaim the critical zone between $0.01124 and $0.01155. Analysts predict that BOME's price may remain elevated for the rest of 2024 and could exceed $0.15 by the end of the year.
With the anticipated altcoin season on the horizon, Book of Meme (BOME) is a promising project. At the time of writing, BOME's trading price is $0.0096, up 19.78% in the past 24 hours and 26.71% in the past week. Its RSI is 44, indicating it is undervalued, which presents a potential buying opportunity. If the altcoin season begins, BOME could reach $0.02.
BOME's adoption is also growing, as it has recently been added to PengyOS. Over the past year, it has achieved an impressive 1100.67% growth, although it is still below its all-time high. With Bitcoin ETFs absorbing more Bitcoin than mining can produce, the profit potential of meme coins like BOME seems significant. As the fourth quarter approaches, now may be an ideal time to consider investing to avoid missing the opportunity.
If you want to learn more about related knowledge and market analysis, feel free to consult me. We have the most professional crypto community, publishing daily market analysis and recommending high-potential altcoins. If you also like to research surging altcoins and are interested in the primary market, and want to be the first to get market updates, feel free to chat with me to join us →→
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