Bitcoin retreats from recent all-time highs as debate rages over whether the latest bull run is here to stay. Bets that the Federal Reserve will ease monetary policy have helped fuel a strong rally in global stocks, bonds and cryptocurrencies over the past few months, but investors are reassessing those bets after recent evidence of persistent inflationary pressures in the United States. Note. Michael Hartnett, chief investment strategist at Bank of America, said the market is showing the characteristics of a bubble amid record surges in so-called "Rose Seven" stocks in the technology industry and all-time highs in cryptocurrencies. The comments sparked debate about whether many assets are vulnerable to a pullback. IG market analyst Tony Sycamore said that Bitcoin was affected by the rise in U.S. Treasury yields and the dollar after the PPI data recovered.
The Fed lowered its interest rate cut expectations and will cut interest rates by 75 basis points before the end of the year.
Golden Finance reported that BNP Paribas has lowered its expectations for a U.S. interest rate cut this year. The bank currently believes that the Fed will cut interest rates by 75 basis points before the end of December, in line with market pricing of 74 basis points, lower than the previous forecast of 150 basis points. Camille de Courcel, head of European interest rate strategy at the bank, said: “The risks will be more towards U.S. economic growth remaining strong and resilient, while Europe may take more time to really feel the rebound in economic growth. This will cause the dollar to be more resilient in the short term. Stronger." The bank also believes that if the Republican Party achieves a comprehensive victory, the U.S. dollar will face the upside risks brought by the U.S. election, the prospects for continued U.S. economic growth, and the continued arbitrage appeal of the U.S. dollar.
$NGL
Omnichain blockchain infrastructure includes the core primitives and tools that unify the blockchain ecosystem. It passes generic Web2 or Web3 data to any on-chain smart contract.
The Omnichain messaging protocol allows protocols to transmit and receive data and assets across EVM and non-EVM chains. Protocols have the flexibility to fully customize their data flow and security parameters or choose automated solutions.
Price: $1.40
Market value: $32 million
Catalysts: New CEX tokens, massive infrastructure, partnerships with major blockchains, dozens of developments launching in the next six months.
$LAI
LayerAI is an Ethereum layer 2 network with its own token, LAI, designed to create a decentralized artificial intelligence economy.
It provides a platform for applications catering to artificial intelligence customers, generating revenue through transaction fees and core applications.
The project shows good promise, especially taking advantage of the booming artificial intelligence industry and its huge growth potential.
Price: $0.068
Market value: $21 million
As mentioned many times before, the project shows great potential and has a well-established ecosystem.
Like many AI coins, it is currently in a consolidation phase and this may be a good opportunity for initial investment.
$TARA
Taraxa is a Layer-1 platform that provides scalable, secure and decentralized solutions to real-world challenges.
It is designed to give devices identity, asset ownership and financial independence.
Taraxa’s architecture is truly revolutionary because it uses a DAG instead of a traditional blockchain. This innovative approach allows for parallel processing, eliminating the trade-off between throughput and security.
Price: $0.013
Market value: $52 million
Over the past year, the project has undergone multiple changes and has been fully migrated to its own blockchain. Development is ongoing and interest in the project is steadily increasing.
$ALEPH
Aleph is an open source cross-chain network that provides decentralized database, file storage, computing and DID framework to drive the DeFi ecosystem through collaboration and partnerships.
Additionally, Aleph has a thriving staking program, with a significant portion of its circulating supply being staked on the network. This reflects the community’s confidence and commitment to the project.
Price: $0.4
Market value: $72 million
Built during a bear market, it has gone through countless changes and has excellent AI developments. Although I've mentioned this project before, I firmly believe it holds great promise.
$AIOZ
AIOZ Network is a blockchain-based platform that aims to revolutionize digital media streaming by leveraging user participation and decentralized infrastructure. It helps deliver content faster and collaborate with cybersecurity experts.
In addition, AIOZ Network is built on the Cosmos framework and is compatible with the Ethereum Virtual Machine.
Price: $0.70
Market value: US$750 million
The same chart structure has performed well in bull markets and is poised to conquer new ATHs.
$AGIX
SingularityNET is an open source protocol that establishes a decentralized marketplace for artificial intelligence services, allowing anyone to access and participate in its development.
It is supported by the SingularityNET Foundation, which aims to share the benefits of artificial intelligence.
Price: $1.15
Market value: 1.7 billion market value
The project has been in development since 2018 and now has an ever-expanding ecosystem. This investment opportunity is ideal for individuals who have a large amount of money or are looking for a lower-risk option.
