[Today's Hot Tips]
1. [The total market value based on ERC-20 tokens has exceeded the total market value of Ethereum, and the market value gap reaches a record high]
Research by the on-chain analysis company Santiment shows that the total market value based on ERC-20 tokens has exceeded the market value of Ethereum itself, which is the highest market value gap between ERC-20 tokens and Ethereum. The current total market value of all ERC-20 assets is $46.7 billion, while the market value of Ethereum is only slightly higher than $41 billion. Two similar short-term fluctuations have occurred this year, with the longest lasting fluctuation occurring in July. Ethereum's price surge in August brought the market cap to more than $50 billion, but subsequent adjustments made the market cap of ERC-20 tokens exceed it again.
2. [TEDA pre-issuance of 1 billion ERC20 USDT, perhaps for USDT switching]
The Chainsmap monitoring system of Chains Guard Technology that in the early morning of September 11, Beijing time, TEDA added 1 billion USDT to the ERC20 USDT pre-issuance pool. This means that once the relevant instructions are executed, the actual ERC20 USDT will be issued. However, judging from the similar large-scale additional issuance of TEDA before, it is usually for switching between different standards of USDT. This type of switching often occurs after TEDA has issued a large number of USDT in TRON. In August, a similar operation of $1 billion was carried out. Judging from the recent situation, since September, TEDA has successively conducted multiple large USDT issuances in TRON (the total amount is exactly 1 billion USDT), and the phenomenon is similar to the previous law.
3. [European Central Bank President: The European Central Bank will soon announce the results of its research on digital currencies]
According to news from Sina Finance on September 11, in an online event of the Bundesbank on Thursday evening, European Central Bank President Lagarde said that a team of officials of the bank will soon come to a conclusion whether it should create a currency for the euro. Digital version. Lagarde said that so far, the euro system has not yet decided whether to introduce a digital euro.
[Today's market analysis]
Bitcoin (BTC)BTC oscillated in a narrow range around 10350 USDT in the early hours of this morning, and continued to fall at around 2 o'clock, with the lowest falling to 10249.6 USDT. Afterwards, BTC rebounded slightly and returned to above 10300 USDT. Currently, it continues to adjust in a narrow range near 10350 USDT. Most mainstream currencies follow the trend of the broader market, and rebound slightly after falling to varying degrees in the early morning. BTC is currently trading at 10260.6 USDT on LOEx Global, a decrease of 1.55% in 24h.
Although the buying power at the bottom is increasing, and the selling power at the top is increasing at the same time, it is difficult to distinguish between long and short, so it has formed a current shock trend.
How long will this situation last? This is a problem that many investors worry about. Whether it is rising or falling is hard to figure out. This kind of market is simply a torment for friends who do cash. However, the current shock market is a good opportunity for contracting friends to do band. As long as you grasp the rhythm, overestimate and underestimate, you can make money regardless of long or short.
Operation suggestions:
Support level: the first support level is 9800 points, the second support level is 9500 integers;
Resistance level: the first resistance level is 10500 points, the second resistance level is 11000 points.
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