Jordan Davis

@jordandavis

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CPI data on August 14, Democratic Party convention on August 22, and Fed rate decision on September 19 will impact the market. While U.S. stocks rise, crypto market remains cold. Watch market movements around CPI and Democratic convention, and the Fed's rate decision.

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Yesterday, there were favorable news in the market, such as Japan's decision not to raise interest rates. The biggest bearish news yesterday was the disproval of Plustoken. Therefore, I am not surprised by the market's rise today, and the same goes for the US stock market, as the so-called transaction recession has been forgotten by the market. According to today's BTC chain data, the situation of over 100,000 turnovers in 24 hours has been significantly alleviated, with investors tending to be rational. ETF data also shows that the sharp decline did not trigger investors to sell. Many investors are becoming active again. A simple indication is the rise in US bond yields, prompting investors to shift to risky markets. From a macro perspective, market rationality is manifested by the rebound of the US dollar against both the euro and the yen.

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According to the US definition, an economic recession requires unemployment rate exceeding 5% and two consecutive quarters of GDP decline. While globally, two quarters of GDP decline is the main criterion, the US additionally considers unemployment rate. In the second quarter, US GDP rose, indicating no recession.

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Catizen, a Telegram game, has attracted over 26 million players with its unique gameplay mode. It utilizes TON smart contracts for rewards, focuses on economic models and community experience, donates 1% of its revenue to help stray cats, and provides tools for developers.

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Cardano founder: We should vote for candidates who support cryptocurrencies

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When PSIP fell below 75%, market sentiment turned pessimistic, and pessimistic comments surged on Twitter. Later, as PSIP rose to 80%, market sentiment recovered. PSIP, like a "market sentiment meter", sensitively reflects market dynamics and investor psychology, helping investors to make wise decisions.

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Meme coins, though labeled as the happiest Ponzi scheme, are something no one wants to see end. The lure of sudden wealth is eternal, regardless of the specific cryptocurrency. Meme, derived from cultural mimicry, is now spreading virally across politics, sports, entertainment, and finance, forming a strong synergistic effect with cryptocurrencies. It is not only the core of cryptocurrency culture but also experienced rapid growth after 2021 due to the COVID-19 pandemic, the $GME incident, and massive money printing.

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The Federal Reserve's interest rate decision before the November election is under intense scrutiny from both political parties. Whether to cut rates or not, criticism is likely. Democrats hope for a rate cut to stimulate the economy, while Republicans worry it may be motivated by election pressure.

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Cat Coin KAI has become the latest MEME coin sensation due to its viral spread. KAI's innovative staking system and community-building efforts enhance its investment prospects. With a loyal community of MEME coin enthusiasts, KAI might be the next big hit in 2024.

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【Mother】The holding of Mother tokens is relatively dispersed and is not easily manipulated by large households. Although early investors have made profits and left, but now small investors because of the high cost of holding coins, unwilling to sell at low prices, which has supported the price.

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Popcat Coin Description: A cat-themed meme coin launched last December, gained prominence in March 2024. Market Performance: Peaked at almost $0.65 in early May, market cap above $600 million, currently trading at $0.45. Hype from popular figures and influencers might trigger a new price surge.

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Brett Coin Description: A frog-inspired meme coin, one of the best-performing recently. Market Performance: Valuation surged 180% monthly, market cap crossed $1 billion, making it the seventh largest meme coin.

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HULK Meme coin plummeted from $17M to $11K in hours, with Hulk Hogan denying endorsement.

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In the past 24 hours, the price of Kishu Inu (KISHU) has increased by 4.85%. This indicates a certain level of market activity for KISHU in the short term.

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What determines the long-term value of a Meme coin? 1、Practical applications refer to the real-world use cases and value of the meme coin, such as payments and transactions 2、 Community support includes the number of users, engagement, and loyalty.

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Here are some websites offering interesting cryptocurrency memes: 9GAG, Pinterest, Reddit, CryptoJobsList, Trality, Influencer Marketing Hub, YouTube.

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According to the latest data, the price of PEPE today is $0.00001462 with a 24-hour trading volume of $1,421,846,458.97, representing a 7.42% increase.

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The 24-hour trading volume affects PEPE price: High volume increases liquidity and market sentiment, aids price discovery, but may also cause short-term volatility and market manipulation.

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