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Run, train, earn: which GameFi projects to watch in 2024 According to the Messari report, in 2023, about 3.4 billion gamers brought the gaming industry $184 billion. The latter undergoes a paradigm shift once every 10 years, so the rise of the GameFi financial sector can be compared to

The popularity of the cryptocurrency market continues to rise, and the price trend of the SHIB token has attracted widespread attention. However, some analysts have questioned the goal of SHIB reaching 1 dollar. Well-known Bitcoin advocate Davinci Jeremie stated that the idea of the price of SHIB reaching 1 dollar "lacks a realistic basis." With the current circulating supply of 589 trillion coins, if SHIB really reaches 1 dollar, its market value would soar to an astonishing 600 trillion dollars. This figure not only far exceeds the total of the global stock market (128 trillion dollars) and the total market value of cryptocurrencies (3.8 trillion dollars), but also surpasses the total value of traditional assets such as gold and silver. Some argue that large-scale token destruction may reduce the difficulty of achieving this goal. For example, if 99.91% of the tokens are destroyed, reducing the circulating supply to the current 0.09%, then reaching a market value of $500 billion would be relatively easier. However, such large-scale token destruction faces many challenges in practical operation. Jeremie acknowledges that SHIB may see some growth in the future, but extreme increases like 8 million times only exist in theoretical possibilities. Despite recent market sentiment being stimulated by ChatGPT-related analyses, the constraints of real-world factors make the goal of SHIB reaching 1 dollar more like a "pipe dream." In the cryptocurrency market, investors need to remain rational and recognize the gap between reality and vision. Although tokens like SHIB may experience significant fluctuations in the short term, their value growth in the long run still needs to be based on actual applications and market demand.

At 10 PM tonight, the global financial market's attention will be focused on the Jackson Hole annual meeting, where Federal Reserve Chairman Powell's speech will be a key factor influencing market direction. For cryptocurrency investors, this speech may bring significant market fluctuations, necessitating a high level of vigilance. There are three core points worth paying attention to in Powell's speech: First is the interest rate hike expectations; if he hints at a slowdown in the pace of rate hikes, it could bring short-term benefits to mainstream cryptocurrencies like Bitcoin. Second is the view on inflation; if he indicates that inflation pressures are easing, it could boost market risk appetite. Finally, the economic outlook; if he mentions the risk of economic recession, some funds may flow into the cryptocurrency market seeking safe haven. Historical data shows that Powell's speeches often trigger significant volatility in the cryptocurrency market. After his speech in August last year, Bitcoin saw a single-day increase of 10%. The speech in June this year also led to a market decline followed by a rise. This indicates that opportunities often lie within risks. In light of tonight's market conditions, investors may consider the following strategies: Short-term traders should reduce their positions before the speech and wait for a clear direction before acting; contract traders need to set stop-losses and be wary of extreme market conditions; spot investors can pay attention to potential unexpected declines, but still need to cautiously manage their positions. In addition to the encryption currency market, investors should also closely monitor the trends in related markets. The fluctuations of U.S. stocks, especially the Nasdaq futures, may affect the sentiment in the encryption currency market; a significant rise in gold prices may indicate an increase in risk aversion; if the U.S. dollar index breaks through key support levels, it may provide upward momentum for encryption currencies. In the end, regardless of how the market fluctuates, investors should remain calm, avoid chasing highs and selling lows, and not let short-term fluctuations affect their judgment. At the same time, maintaining appropriate position management and strictly executing the pre-established trading plan are key to controlling risk. In a market full of uncertainty, it is crucial to maintain rationality and discipline.

Recently, Bitcoin has completed another halving, sparking discussions in the market about whether the current cycle has ended. However, in the long run, the Bitcoin ecosystem is undergoing a profound turning point. After the halving in 2024, the supply structure of Bitcoin has undergone significant changes. Notably, the number of Bitcoins held for over 10 years has increased at a rate that has surpassed the number of newly mined Bitcoins for the first time. Specifically, about 566 Bitcoins enter long-term holding status every day, while the newly added Bitcoins during the same period amount to only 450. This phenomenon reveals the strong conviction of long-term Bitcoin holders. Despite the inevitable short-term fluctuations in the market, these investors remain highly optimistic about the future prospects of Bitcoin. They choose to lock in Bitcoin for the long term rather than frequently trading amid market volatility. This change in the supply and demand structure may have a profound impact on the price trend of Bitcoin. As the number of circulating Bitcoins relatively decreases, market supply pressure may gradually ease. At the same time, if demand remains stable or increases, this change in supply and demand relationship may support the resilience of Bitcoin prices in the long term. Therefore, although the price of Bitcoin may fluctuate due to the halving event in the short term, in the long run, this fundamental change in the Bitcoin ecosystem may signal a brighter future. Investors and market participants should closely monitor the ongoing development of this trend and its potential impact.