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Greed Index Soars! Can Bitcoin Break 100,000?
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Yesterday, SEC Chairman Gary Gensler announced that he will resign on January 20 next year, which has triggered a further surge in Bitcoin. The market generally believes that this change may mean a weakening of regulatory pressure, which is seen as a major positive for the cryptocurrency-focused industry. The future regulatory environment will still depend on the attitude of the new successor, but the market's expectation of a "friendly innovation" environment has already begun to emerge.
Bitcoin price continues to break through strongly, currently reaching $99,500, just one step away from the historic $100,000 mark. However, as the greed index has risen to a high of 94, risks are accumulating. Just as a panic index below 10 is a signal to buy the dips, a high greed index warns investors to be wary of the risk of a pullback.
At present, whether it is Bitcoin or related Altcoins, a reasonable operational strategy should include timely deleveraging, especially for those projects that have already achieved considerable gains. Locking in profits in a timely manner and avoiding any high positions are important ways to deal with market uncertainties. The market always has opportunities, but the capital that is safely in your pocket is truly yours. 3 Altcoins worth watching! Neiro With the rapid development of the meme coin market, Neiro has been marching forward, not only achieving an increase of more than 30% in early July, but has recently continued to rise, quickly becoming the focus of investors' attention.
The latest data shows that the number of active addresses of Neiro has exceeded 198,000, which clearly demonstrates the hot market sentiment. The buying power continues to dominate, the investment demand of investors is constantly being released, and a huge amount of capital is pouring into the market. Whether it is retail investors or institutional funds, they may be driving Neiro's price to rise further. BONK BONK is an outstanding meme coin in the Solana ($SOL) ecosystem, and its strong performance has attracted widespread market attention. According to data, BONK's gains are usually up to 4.5 times that of SOL on the days when SOL rises, making it a popular choice for market investors.
When SOL rises, BONK's performance is often exaggerated, highlighting its high-risk, high-return characteristics. It has therefore become a target for short-term investors and speculators to chase.
RAY
Raydium (RAY) is an automated market maker (AMM) based on the Solana blockchain, combining the functionality of a central limit order book, supporting users to trade quickly, share liquidity, and earn liquidity rewards.
Compared to Uniswap, Raydium has shown greater development potential, not only able to generate higher fees and token income, but also attracting more users and liquidity providers by sharing these earnings. Although Raydium's market performance has been average so far, in the long run, RAY is still severely undervalued. As the Solana ecosystem continues to develop, the potential of RAY may gradually emerge, bringing more opportunities for investors.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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