CZ’s Return to Crypto Markets: The Calm Before the Storm
Amid the ever-changing global crypto market, the return of CZ(CZ), the founder of Binance, is undoubtedly a major "drama". On September 29, 2024, he will be released from prison. This moment is like the silence before the storm, attracting the attention of countless investors. As a big name in the crypto field, CZ's imprisonment not only affects his personal destiny, but also serves as a "stress test" for the crypto market. From being sentenced to four months in prison for violating the US Anti-Money Laundering Act to now about to return to the market, CZ's every move will once again influence the future trend of Altcoin and Binance ecosystem.
Although he was unable to directly participate in market operations during his imprisonment, the BNB Chain ecosystem still showed strong vitality. Projects such as DeFi, GameFi, and MEME have sprung up, maintaining the prosperity and innovation of the platform. This self-driven ecosystem, coupled with the highly speculative nature of the crypto market, means that investor sentiment is accumulating and may erupt at any time. The market generally believes that the timing of CZ's release from prison will become a catalyst for a new round of carnival for meme coins and Altcoin.
4 Cryptocurrencies to Watch Right Now
SEI
Sei, a Layer 1 public chain designed for decentralized exchanges, is rising strongly! In the past 24 hours, the price of SEI has risen by 24%, the market value has exceeded 1.6 billion US dollars, and the price has climbed to 0.46 US dollars.
This wave of gains has been driven by new partnerships and the launch of Liquid Staking Tokens (LST), while Sei's circulating supply continues to grow, and its overall performance has even outperformed Bitcoin and Ethereum. With market sentiment high, Sei may continue its upward momentum in the coming months.
WIF
The meme coin world has recently been in a frenzy, with DogWifHat (WIF) becoming the latest star! Since September 24, WIF has soared 12.5% to $2.1, with a 32.25% increase in the past week and a market value of over $1.9 billion, making it the fourth largest meme coin.
With the strong performance of the Solana ecosystem (up 13% to $149), WIF's growth momentum is worth watching. Although Meme coins are volatile, the market is full of expectations for WIF. The market predicts that WIF is expected to break through $2.906 in 2024, but it may fall to $1.072 when market conditions are unfavorable. Investors need to keep a close eye on market trends, and this Meme coin carnival may have just begun!
SUI
As a new Layer 1 public chain, SUI has performed brilliantly! In the past 30 days, the price has soared by 80%, and the market value has exceeded 4.6 billion US dollars. This is very similar to the explosive growth of Solana in 2021. Solana rose from $1.50 to $259.96 that year, and SUI also showed a similar trend.
At present, the highs and lows of SUI continue to rise, and a strong upward trend is emerging. The market predicts that SUI is expected to hit a record high in the coming weeks or even months. Now may be the best time to invest in SUI, and explosive growth is just around the corner!
LINK
Recently, Chainlink has attracted the attention of a large number of big whales, and whale activity has surged 293% in just 24 hours, causing violent fluctuations in the market!
At present, the price has broken through the previous downward channel and is hitting $13.5, but in order to continue to rise, it needs to break through the resistance level of $12.35 and the 200-day moving average of $13.05. Now is the critical moment, bullish sentiment is accumulating!
Finally, there are still many things that are not included, such as specific opportunities and specific decisions. These things are often not summarized in one article. If you want to know more about the wealth code or have any questions, follow the official account: Blockchain A Zheng
