As of October 27, the data statistics of BTC, ETH, and TON on the TrendX platform are as follows:
The discussion volume of BTC last week was 12.74 K, down 12.59% from the previous week; the price on last Sunday was $68,532, up 2.13% from the previous Sunday.
The discussion volume of ETH last week was 3.96 K, up 9.21% from the previous week; the price on last Sunday was $2,520, up 1.69% from the previous Sunday.
The discussion volume of TON last week was 906, down 15.43% from the previous week; the price on last Sunday was $4.99, up 0.83% from the previous Sunday.
As the 2024 US presidential election approaches, investors' attention to market dynamics is increasingly focused, especially on the prospects of crypto assets such as Bitcoin. The price of Bitcoin has broken through $69,000, and the market's expectation of its continued rise has strengthened. The favorable prospects of Trump's campaign may bring policy support, which gives the crypto industry hope and attracts Wall Street investors to participate. Against this backdrop, more and more individual investors are starting to seize investment opportunities with the help of AI trading tools.
Trump's lead in the US election, what are the related positive targets?
With only two weeks left until the US election, the balance of victory seems to be tilting towards Trump. The probability of Trump's victory on Polymarket has risen to the highest of 64.5%, leading Harris by nearly 30 percentage points. Especially for the purpose of campaigning, the internet celebrity Trump appeared at McDonald's, playing the role of a bottom-level fry cook, which has sparked heated discussions across the network.
Trump's current advantage is nothing but exciting for most of his crypto industry colleagues. During the 2024 election campaign, the Trump team proposed to strengthen the US's leadership position in global cryptocurrency regulation. This supportive attitude has brought a significant positive impact to the market, and many investors believe that if Trump is re-elected, he may provide more policy support and development space for the cryptocurrency industry.
Recently, Goldman Sachs, JPMorgan Chase, Deutsche Bank and others have also collectively spoken out, and Wall Street's "smart money" has started to go "all in" on the "Trump trade". This refers to a series of investment operations that investors carry out based on the policy expectations of Trump, usually including short-selling long-term government bonds, long-term cryptocurrencies, and investing in high-risk stocks such as small-cap stocks.
Let's summarize the recent positive targets related to Trump and their dynamics:
MEME series
Trump concept coins: FIGHT, TRUMP, STRUMP, MAGA, TREMP, DMAGA, FREE
Musk concept coins: DOGE, TERMINUS
Non-Fungible Token (NFT) series
The first series "Donald Trump Digital Trading Card"
The second series: "Trump Digital Trading Cards Series 2"
The third series: "MugShot Edition"
The fourth series: "America First Collection"
World Liberty Financial (WLFI)
WLFI is a crypto project initiated by the Trump family, which will build lending services, including a credit account system based on Aave and the Ethereum mainnet, as well as the cryptocurrency WLFI.
On October 15, the project conducted a public offering, and the data shows that it raised more than $12.5 million, with the Trump family set to receive 75% of the net proceeds.
Previously, it proposed to use Aave V3 on the Ethereum mainnet to launch, and WLFI also plans to allocate 20% of the protocol interest to the Aave ecosystem reserve.
Scroll co-founder Sandy Peng has become an advisor to WLFI, and the project also plans to expand to Scroll.
StakeStone is a cross-chain LST liquidity protocol, and on October 15, StakeStone announced a liquidity partnership with the Trump family's crypto project WLFI.
Bitcoin price breaks through $69,000, will it continue to rise in the future?
The price of Bitcoin has recently rebounded, breaking through $69,000, and the market's expectation of a new bull market is growing stronger. The reasons for this price rebound can be summarized as follows:
Restored market confidence: Investors are optimistic about Bitcoin as a safe-haven asset again.
Increased institutional investment: The approval of ETFs has brought a large amount of capital into the market.
Federal Reserve rate cuts: The rate cut policy has stimulated investment enthusiasm.
Reduced supply: The fixed supply and halving mechanism of Bitcoin support the price increase.
The market generally believes that the Bitcoin spot ETF will become a key factor in driving the price of Bitcoin and the overall crypto market in 2024. According to data from glassnode, it is estimated that about $70 billion in new capital will flow into the market through these newly launched Bitcoin ETFs. At the same time, the market's optimistic expectation of the Federal Reserve's possible lowering of the benchmark interest rate may also further drive the price increase. Some analysts predict that by the end of 2024, the price of Bitcoin may reach as high as $110,000.
Use AI trading tools to capture investment opportunities more accurately
In the second half of 2024, in addition to the uncertainty of the US election and the global financial market, the rapid development of blockchain and artificial intelligence technology will also create new opportunities for investors. For individual investors, choosing efficient and reliable investment tools is particularly crucial in the face of so many complex factors. With the progress of artificial intelligence technology, the role of AI trading tools in the financial market is gradually becoming important. The following are the important roles of AI in trading:
Data analysis: Analyze market data, predict trends, and assist decision-making.
Risk assessment: Monitor risks, predict extreme events, and optimize risk management.
Investment recommendations: Provide personalized investment recommendations and advisory services.
By comparing the different dimensions of AI trading and conventional trading, it clearly demonstrates the huge potential and advantages of AI in the trading field. It covers key aspects such as market analysis speed, decision-making process, risk management, market response efficiency, learning and adaptation capabilities, trading costs, execution time, and profitability, revealing how AI can improve trading efficiency and profitability through automation and intelligence, while reducing risks and costs.
In today's fast-paced financial market, AI-assisted trading is gradually becoming a new favorite of investors and traders, and there are many outstanding AI trading projects in the market, such as TrendX.
TrendX is an innovative trading platform that combines artificial intelligence technology, focusing on predicting market trends and automatically executing trades through AI to help investors optimize returns. Its AI advantages are reflected in its powerful data processing capabilities, intelligent algorithms, and automated trading strategies, allowing users to seize opportunities in the ever-changing market.
AI-driven market trend prediction: Utilizing big data and machine learning to automatically analyze historical and real-time market data, predict trends, and capture trading opportunities in advance.
Intelligent automated trading system: Providing AI-powered automated trading functions, where users set strategies and the system automatically executes trades based on market changes, improving efficiency and accuracy.
Personalized investment recommendations: Based on users' investment preferences and risk tolerance, provide customized investment strategies to optimize portfolios and achieve stable returns.
Risk management and prediction: Real-time monitoring of market volatility and risk factors, issuing timely warnings to help users avoid potential risks.
Research Report
Summary
2024 will still be full of uncertainties, with the global political and economic landscape and technological innovation driving rapid changes in the market. Looking ahead to the future bull market, as cryptocurrencies such as Bitcoin continue to rise and potential policy support, market confidence will further strengthen. As investors, we need to stay up-to-date with information, keep up with the forefront, and use smart trading tools to help us find opportunities in volatile markets and achieve better investment and higher returns.
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