Bijie.com reports:
September 27th: The release of the US Core PCE data, which is one of the important bases for US monetary policy decisions, may affect market expectations for the Fed’s future policies.
September 29th: CZ was released on September 29th, attracting attention to the “CZ Release Concept” sector.
The bullish market sentiment seems to have arrived. The meme track has been very comfortable these days. As long as you hold the leading stock, you can make money. In addition, the AI track has also performed well, and Tao has already tripled from the bottom.
STX
Stacks is a layer 2 solution that brings smart contracts and decentralized applications (dApps) to the Bitcoin blockchain. With Stacks, developers can use Bitcoin as the underlying asset to create dApps and smart contracts, while transactions are settled directly on the Bitcoin network. This adds programmability to Bitcoin, making it not only a store of value.
Currently, the trading price of Stacks is $1.82, with a 7.41% increase during the trading session. Market sentiment towards the token remains bullish, with a neutral 50 Fear & Greed Index. The token’s trading price is above its 200-day simple moving average, indicating a positive long-term trend. The asset also possesses high liquidity, which is usually a sign of healthy market activity.
Furthermore, Stacks recently introduced its Bitcoin-backed asset, sBTC, to the Aptos network. Aptos will allow developers to integrate sBTC into their decentralized applications. sBTC serves as a Bitcoin-backed token. This will enable Bitcoin to move securely between networks like Stacks, allowing it to be used for various applications beyond transactions or holding.
Moreover, this integration opens up new use cases for Bitcoin holders, such as DeFi, gaming, social platforms, artificial intelligence, and non-fungible token (NFT) markets. This increases the versatility of Bitcoin, providing holders with more opportunities to participate in decentralized ecosystems. Stacks’ vision emphasizes expanding the utility of Bitcoin, potentially making it a more active participant in the broader blockchain space.
RENDER
Render (RENDER) is another Ethereum-based token that is expected to benefit from the rebound of spot Ethereum ETF. Currently, the trading price of RENDER is slightly below $5, and it is predicted to soar to $10 by the end of 2024. In the past 24 hours, the token’s market value has surged by 120%, indicating strong buying pressure and increased investor confidence.
Render’s innovative platform aims to decentralize and distribute GPU computing power, making it a key player in industries such as gaming, artificial intelligence, and digital art. With the continued growth of spot Ethereum ETF, Render is expected to see a significant increase in demand, making it one of the most noteworthy tokens in the fourth quarter of 2024.
ONDO
Ondo Finance (ONDO), an Ethereum-based token, has faced bearish pressure in recent weeks. However, the fate of ONDO seems to be changing. Despite a 6% price drop to $0.59, the token’s market value has skyrocketed by 114% in just 24 hours. This indicates renewed investor interest and suggests a potential surge in the near future.
With the continued attention on spot Ethereum ETF, Ondo Finance is poised for a comeback. ONDO’s unique features and strategic positioning in the DeFi field will benefit from the increasing demand for ETH tokens. If this trend continues, ONDO may soon break the $1 mark, bringing substantial returns to proactive investors.
