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Multiple established altcoins are rising, what signal does this send? Besides BOME, another established coin $ONG is also surging. If BOME's surge is without reason, what is the cause of ONG's rise? Does it prove the arrival of a bull market? Actually, the core reason for ONG's rise is not a sudden super positive development, but the anticipation of the Ontology network upgrade plus speculative capital. First, Ontology is expected to upgrade its network on August 21, and Upbit has already suspended deposits and withdrawals of ONG, ONT, and other assets due to the upgrade, so the market started speculating on this expectation in advance. Additionally, this coin has a low market cap, making it easy to be driven up by sentiment. This coin has experienced multiple large drawdowns before. This time, ONG's rise does not have much fundamental positive support; it is just a wave of speculation. I believe such short-term positives lack sustainability and do not bring any growth to the economic scale. It is too easy for sentiment to fade and cause a pullback, so chasing the rise is not recommended. If real positive developments appear later and capital enters, then a truly prudent strategy would be to buy on dips after the price does not break the support level. #美财政部扩大长债回购，30年美债高位回落