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PNUT coin, GOAT, MOODENG and CHILLGUY
In the past few days, Bitcoin and other altcoins have been hit by a drop caused by the Fed. Bitcoin touched $96,000 with a sharp decline. The movement coincided with a broader sell-off in risk assets as market participants adjusted their positions following the hawkish guidance from the Fed. While the central bank carried out its third consecutive interest rate cut, its cautious stance on future cuts triggered a reassessment of risk positions across multiple asset classes. Alongside Bitcoin, PNUT coin, GOAT, and other meme coins also hit bottom after this selling wave. However, an analyst remains hopeful, especially for meme coins, and is preparing to buy at the bottom and prepare for an upward trend. Here are the details...
The meme coin market experienced a significant retreat today. Four major coins - MOODENG, CHILLGUY, PNUT, and GOAT - witnessed sharp declines. According to market observers, these losses largely wiped out the gains accumulated during the last meme coin season. Despite the current downward trend, renowned trader Eugene Ng Ah Sio expressed optimism about the long-term expectations of the meme coin sector. Ng Ah Sio used the following statements in a social media post today:
Four Meme Coins: MOODENG, CHILLGUY, PNUT, and GOAT, successively recorded panic selling candles, basically took back most of their gains during the meme season. Here, I am inclined to buy for a long-term position.
#XmasWithGatePost #COW or DEEP surge: Which one do you prefer? m#Gate.io Annual Report 2024