Game Launch

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

Recently, in the Crypto Assets market, OKB has shown a strong rise that is independent of mainstream trends. Continuous inflows of funds are driving its market capitalization growth, and market enthusiasm is continually climbing. From a technical perspective, the four-hour chart shows that OKB is still in a strong rising channel, but investors should be wary of the pullback that may occur after breaking new highs. The current market sentiment is positive, with analysts suggesting that OKB is likely to challenge the price range of 280-300. However, as this target is approached, investors should remain cautious, as high levels may be accompanied by severe price fluctuations and the risk of liquidation. It is recommended to pay attention to the support levels at the key price points of 228 and 233. If it can stabilize at these levels, it may provide momentum for further rise. However, considering the high volatility of the Crypto Assets market, investors should manage risks and avoid chasing prices excessively. Overall, the independent performance of OKB is eye-catching, but market participants still need to remain rational, closely monitor market changes, and manage their positions sensibly to cope with potential extreme volatility.

The Bitcoin market is currently in a wait-and-see state, with both the four-hour and daily charts showing a double support formed at the $1120 position. This level is significant for the short-term trend. If BTC can hold above this key support level, the market may welcome a wave of upward momentum. Investors should closely monitor the initial resistance in the 115-116 USD range, and a breakthrough could challenge the next important level around 1185 USD. However, if the $1120 support level is broken, we may see further downward trends. In this case, the $108-$112 range will become the next important support area, with around $108 potentially being the strongest support level. Currently, market participants are weighing various factors, including the global economic situation, changes in the regulatory environment, and the attitudes of institutional investors. These factors may all impact the short-term trends of BTC. Investors need to comprehensively consider technical and fundamental factors when making decisions, and always pay attention to market trends. Whether bullish or bearish, risk management should be the primary consideration. In this uncertain market environment, it is crucial to remain calm and rational.

Recently, Bitcoin broke through $120,000, and Ethereum reached a high of $4,700, making the market appear prosperous on the surface. However, a closer look reveals that this round of increase is fundamentally different from previous bull runs. The current market situation resembles a feast dominated by institutions rather than a carnival involving a wide range of retail investors. In September of last year, Bitcoin was over $60,000, and Ethereum was around $2,600. According to the usual logic, such significant price increases should trigger a frenzy across the entire cryptocurrency market. However, the reality is that small coins have been continuously declining, and the market atmosphere is exceptionally quiet. Looking back at the last bull run, we saw a massive influx of retail investors, with funds continuously pouring in, and the prices of various emerging tokens skyrocketing, creating a wealth effect throughout the market. This time, however, the myth of hundredfold returns is almost extinct, and achieving threefold returns is already considered quite a good performance. The current market is mainly supported by institutional funds, on-chain activities are quiet, and the small-cap market is bleak. There are very few new investors, and existing funds are also hesitant to leave the market, resulting in a peculiar state of balance. Bitcoin has reached new highs, and Ethereum has broken through important levels, yet this has not sparked widespread excitement in the market, a phenomenon that would have been unimaginable during past bull runs. It is worth noting that the liquidity of Bitcoin is declining, the influence of miners is being weakened, and the market is almost completely controlled by large institutions. With a lack of small altcoin market activity and a general wealth effect, this market seems to have lost its former vitality. Therefore, we should not be deceived by superficial numbers. The current market situation resembles a game between institutions rather than a true bull run. A real bull run should involve active participation from ordinary investors, with the market being vibrant and full of opportunities. For ordinary investors, it is more important to remain rational and cautious in such a market environment than to blindly chase after gains. At the same time, closely monitoring market changes and waiting for real opportunities to arise is also a wise choice.

This week, the Bitcoin market has shown signs of stabilizing after a fall, but the rebound strength is limited. From recent trends, Bitcoin has begun to stabilize after experiencing a previous pullback. However, the market currently lacks sufficient pump momentum, making it difficult to break through important resistance levels in the short term. The shrinkage of market trading volume further confirms this view. The decrease in trading volume indicates that investor sentiment is cautious, lacking the confidence and financial support to drive prices significantly higher. This sluggish trading atmosphere may limit Bitcoin's upward space in the short term. Given the current market conditions, investors may adopt a more conservative strategy. When prices experience a slight rebound, short positions can be considered at higher levels. Specifically, attention can be paid to the price level around 116,900, which may be a suitable entry point. If the short position is successfully established, 115,500 can be set as the first target level, and further declines can lead to focusing on the support level at 114,000. However, investors should also closely monitor market changes and adjust their strategies in a timely manner. The Bitcoin market has always been highly volatile, and unexpected events can quickly change the market direction. Therefore, when implementing any trading strategy, reasonable stop-loss levels should be set to control risk. Overall, although Bitcoin currently shows signs of stabilization, the upward momentum is insufficient, and it may maintain a consolidation pattern in the short term. Investors need to remain cautious and respond flexibly to market changes to seize potential trading opportunities.