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Coin PNUT, GOAT, MOODENG and CHILLGUY
During the past few days, Bitcoin and other altcoins have taken a hit due to the drop caused by the Federal Reserve. Bitcoin sharply fell to $96,000. The move coincided with a broad sell-off of risk assets in the market as market participants adjusted their positions following the Fed's more aggressive guidance. The central bank's cautious stance on future cuts, following the third consecutive cut, triggered a reevaluation of risk positions across multiple asset classes. In addition to Bitcoin, PNUT, GOAT, and other meme coins also reached lows after this wave of selling. However, an analyst is optimistic, especially in the case of meme coins, and is preparing to buy at lows and get ready for a rebound. Here are the details...
The meme coin market experienced a significant drop today. Four major coins - MOODENG, CHILLGUY, PNUT, and GOAT - suffered heavy losses. According to market observers, these losses have largely wiped out the gains accumulated during the last meme coin season. Despite the current downward trend, the famous trader Eugene Ng Ah Sio expressed optimism about the long-term prospects of the meme coin sector. Ng Ah Sio used the following words in a social media post today:
Four Meme Coins: MOODENG, CHILLGUY, PNUT, and GOAT, recorded cascading sell-off panic candles one after another, Meme Coins basically regained most of their gains in the meme season. Here, I tend to buy for a long-term position.
#XmasWithGatePost# #COW or DEEP surge: Which one do you prefer?# m #Gate.io Annual Report 2024#