Next week, there are a few horses 🐎 with the potential to run fast (Market Outlook #25.8.24)
I won't say much about $SOL and $ETH; I believe $SOL will also reach new highs. I'll try to summarize my optimistic logic in one sentence.
$LINK
It has been quite resilient during downturns, and the market is eager to buy this asset. The market will always pay for future growth expectations, and Chainlink is the most important infrastructure for RWA/stablecoins in the future, along with around 1 million in buybacks each week.
$PENGU
Currently the largest crypto IP in the market, I chose Pengu over Fartcoin and believe it has the chance to become the next Pepe.
$XPL
A stablecoin chain that aligns with the future narrative of stablecoins. The background is Tether. We can have high growth expectations for its future (mainly by capturing market share from Tron). However, I still have high hopes for $TRX's performance in September; I can discuss the logic behind that.
$ZORA
It has broken the downtrend; the next leg is here.
$ENA
Ethena is continuously collaborating with other products to drive market share for USDe through new product developments. Growth in market share = attracting market attention.
$PENDLE
The new product Boros and the growth of product TVL = attracting market attention.
$MNT
Expectation reversal, officially supported by Bybit, with future growth expectations fully charged.
Predictions are just predictions; chasing the trend on the right side is the best. Playing with small coins carries high risks because there are too many good assets in the market. It's hard for small coins to continuously attract market attention; they can only quickly pump and dump to draw in market participants for liquidity exit. Therefore, in a good market state, I don't really want to play with small coins.
Responsible trading, see you next time in the market outlook 👋
Justin Wu π
HOME by @defidotapp is not like your typical claim & chill airdrop.
100M tokens up for grabs- but you unlock them weekly with XP from swaps & perps (10 XP = 1 $HOME). Staking boosts XP up to 3×.
Grind smart, start small, scale later.
Community > hype.
The Solana Post
🚨 $USELESS (@theuselesscoin) leads 24h gains among the top 200 cryptocurrencies by market cap.
About Zora (ZORA)
Zora (ZORA) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in Zora (ZORA)?
As a decentralized currency, free from government or financial institution control, Zora is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Zora involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Zora (ZORA) prices and information here on OKX today.
How to buy and store ZORA?
To buy and store ZORA, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying ZORA, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.6K new posts about Zora, driven by 1.3K contributors, and total online engagement reached 300K social interactions. The sentiment score for Zora currently stands at 70%. Compared to all cryptocurrencies, post volume for Zora currently ranks at 1927. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Zora.
Powered by LunarCrush
Posts
3,577
Contributors
1,277
Interactions
299,851
Sentiment
70%
Volume rank
#1927
X
Posts
3,563
Interactions
282,649
Sentiment
75%
Zora FAQ
What is cryptocurrency?
Cryptocurrencies, such as ZORA, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ZORA have been created as well.
Can I buy ZORA on OKX?
No, currently ZORA is unavailable on OKX. To stay updated on when ZORA becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of ZORA fluctuate?
The price of ZORA fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
Monitor crypto prices on an exchange
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
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