Crypto Assets Market Trends and 2024 Outlook

As of October 27, the performance data of several major crypto assets is as follows:

The discussion heat for Bitcoin last week was 12.74K times, a decrease of 12.59% compared to the previous week; the price was 68532 dollars, an increase of 2.13% from the previous week.

The discussion heat for Ethereum last week was 3.96K, an increase of 9.21% compared to the previous week; the price was 2520 USD, an increase of 1.69% from the previous week.

The discussion heat for TON last week was 906 times, a decrease of 15.43% compared to the previous week; the price was $4.99, a slight increase of 0.83% compared to the previous week.

As the 2024 U.S. election approaches, investors are increasingly focused on market trends, especially the future development of Crypto Assets like Bitcoin. The price of Bitcoin has broken through the 69,000 USD mark, raising market expectations for its continued rise. The favorable election outlook for a certain candidate and the potential policy benefits have made the Crypto industry full of anticipation, attracting more attention from Wall Street investors. Against this backdrop, more and more individual investors are starting to use artificial intelligence trading tools to seize investment opportunities.

Analysis of the US Election Situation and Related Investment Opportunities

With only two weeks left until the U.S. election, the scales of victory seem to be tilting towards one side. A prediction platform shows that the probability of this candidate winning has risen to 64.5%, leading their opponent by nearly 30 percentage points. To garner votes, the candidate even personally worked as a temporary server at a fast-food restaurant, a move that has drawn widespread attention.

Currently, the advantages of this candidate have excited many professionals in the Crypto Assets industry. During the 2024 election process, their team proposed to strengthen the United States' leadership in global Crypto Assets regulation. This supportive attitude has brought considerable positive information to the market, and many investors believe that if this candidate is elected, it may bring more policy support and development space for the Crypto Assets industry.

Recently, several well-known investment banks have also begun to pay attention to investment opportunities related to this candidate. These investment strategies typically include shorting long-term government bonds, going long on Crypto Assets, and investing in higher-risk stocks, such as small-cap stocks.

The investment opportunities related to this candidate mainly include:

1. Various Concept Coins
2. Multiple series of NFT projects
3. A crypto project initiated by its family, which plans to build lending services, including a credit account system based on a well-known DeFi protocol and the Ethereum blockchain.

The family project will be publicly launched on October 15, raising over $12.5 million. The project plans to use a certain DeFi protocol on the Ethereum mainnet and will allocate part of the protocol's interest to the ecosystem reserve of that protocol. In addition, the co-founder of a certain Layer 2 project has become an advisor to this project, and it also plans to expand to that Layer 2.

Bitcoin Price Trend Analysis

The price of Bitcoin has recently突破 $69,000, and the market's expectation for a new bull market has become increasingly strong. This wave of price increase can be attributed to the following points:

1. Market confidence has recovered, and investors are optimistic about Bitcoin as a safe-haven asset.
2. Institutional investment has increased, and the approval of ETFs has brought a large influx of funds.
3. The Federal Reserve may cut interest rates to stimulate investment enthusiasm.
4. The reduction in Bitcoin supply, along with its inherent scarcity, supports the price increase.

It is widely believed in the industry that the Bitcoin spot ETF in 2024 will be a key factor driving the price of Bitcoin and the overall crypto market. According to a data analysis firm, approximately $70 billion in new funds is expected to flow into the market through these ETFs. At the same time, the market is optimistic about the Federal Reserve potentially lowering the benchmark interest rate, which may further drive up coin prices. Some analysts predict that the price of Bitcoin could reach as high as $110,000 by the end of 2024.

AI Trading Tools Assist Investment Decisions

In the second half of 2024, in addition to the uncertainty of the U.S. elections and global financial markets, the rapid development of blockchain and artificial intelligence technologies will also create new opportunities for investors. For individual investors, facing a complex market environment, it is crucial to choose efficient and reliable investment tools. The role of AI trading tools in financial markets is increasingly prominent, mainly reflected in the following aspects:

• Data Analysis: Quickly process vast amounts of market data, predict trends, and assist in decision-making.
• Risk Assessment: Real-time monitoring of risks, early warning of extreme events, and optimization of risk management strategies.
• Investment Advice: Provide customized investment advice and consulting services based on individual circumstances.

Compared to traditional trading methods, AI trading shows significant advantages in multiple aspects such as market analysis speed, decision-making process, risk management, market response efficiency, learning adaptability, trading costs, execution time, and profitability. AI enhances trading efficiency and profit potential through automation and intelligence while effectively reducing risks and costs.

In today's rapidly changing financial markets, AI-assisted trading is becoming a new favorite among investors. There are plenty of outstanding AI trading projects on the market, and their advantages mainly lie in:

1. AI-driven market trend forecasting: Utilizing big data and machine learning technologies to automatically analyze historical and real-time market data, predict trends, and timely capture trading opportunities.

2. Intelligent Automated Trading System: Provides AI automated trading functionality. After users set their strategies, the system can automatically execute trades based on market changes, improving efficiency and accuracy.

3. Personalized Investment Advice: Provide tailored investment strategies based on users' investment preferences and risk tolerance, optimize portfolios, and pursue stable returns.

4. Real-time Risk Management and Forecasting: Continuously monitor market fluctuations and risk factors, issue timely warnings, and help users avoid potential risks.

Conclusion

The market in 2024 is still full of uncertainties, and the global political and economic landscape along with technological innovations will drive rapid changes in trends. Looking ahead to a future bull market, with the continuous appreciation of Bitcoin and other Crypto Assets and potential policy support, market confidence is expected to further strengthen. As investors, we need to stay updated with information, keep pace with industry frontiers, effectively utilize smart trading tools, and seek opportunities in a volatile market to achieve better investment returns.