The market sentiment has significantly improved over the weekend, with OKB leading a major rally, boosting confidence, and BNB steadily approaching the 1000 mark. Based on past experience, after BTC and ETH start moving, altcoins and platform tokens tend to follow, so holding steady is crucial now.
This rally did not break through the low point from Friday night, which is an positive signal. Personally, I believe the probability of reaching the bottom has increased from 30% to 50%. In the short term, even if there's another decline, as long as it doesn't drop below 114000 and 4250, it remains reasonable.
There are no significant macroeconomic suppression factors, and the PPI impact is more of short-term noise. The probability of a 50 basis point rate cut in September remains as high as 90%. Therefore, my judgment is: even if there's a pullback in late August or early September, the market will still see a new round of growth in September.
ETH: Market Core or Bubble Frenzy?
The core of ETH's rally is continuous institutional buying, with ETF and treasury companies being the main funding sources. ETF trading volume surged to $17 billion this week, with spot net inflows of $2.85 billion, and community sentiment indicators showing underestimation signals. Although V is concerned about treasury model risks, it must be said that with funding driving it, ETH's upward logic remains solid.
Communication+Q: 3806326575 May be stronger than BTC in the short term. The only thing to note is: cash out before the bubble bursts.
DOGE: Can ETF Hype Bring a Historic Breakthrough?
DOGE has been consolidating for over 1100 days, gradually showing strength, and may short-term target 0.47, then challenge the 0.74 previous high, potentially even reaching the 1.8-2.5 range.
Fundamentally, Grayscale is still pushing for a Doge ETF, which, if approved, could accelerate institutional fund inflow. Now that DOGE is stable above $0.23, the trend remains strong, and it may truly see a historic breakthrough. However, be cautious: expectations before approval may lead to a pullback after actual approval.
UNI: Underestimated Leader, Can It Challenge BNB?
UNI has been trending upward from 4.7 to 11, outperforming most altcoins. As a decentralized exchange leader, its innovation and valuation advantages are prominent.
Although the team occasionally sparks controversy, it's essentially normal operation. More importantly, UNI's P/E ratio is extremely low, and its bull market market cap could potentially challenge BNB's height. Short-term stagnation might be a wash-out, and once there's an "empowering" announcement, such as ecosystem rewards, airdrop, or dividends, the price could skyrocket.
Current Market Hot Spot: XLayer's XDOG
OK's XLayer chain transaction volume surged 253% quarter-on-quarter, with the leader XDOG having a market cap of only $11.85 million, leaving plenty of room for imagination compared to other chain memes.
However, the risk of such a new chain on-chain meme is extremely high. It's recommended to only play with the leader, following official traffic and funds - succeed and feast, or minimize risk if it fails. Also, don't forget that SOL remains the meme chain hegemon, and whether a new platform can establish itself remains to be seen.
Overall, the market is short-term volatile but hasn't changed the upward trend.
ETH is the core driving force, and coins like DOGE, UNI, and SOL with hot spots and funding logic may take turns breaking out. Patiently hold your position, and pullbacks are opportunities to enter. Bull markets always progress through hesitation and doubt, but those who can grasp the rhythm are the true winners.
That's all for now! If you're still unsure in the crypto space, why not join my layout, no threshold VX + Q group, get market analysis, altcoin opportunities, and individual coin operations in real-time...
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