Dear friends
Make all your plans after the US elections. The market will be relieved with Trump.

However, it is not investment advice. All studies show that. 😇

💫 Biggest token unlocks in July.

⚡️ Bitcoin's weekend volume dropped to the lowest level of 2024.

Selling by Dogecoin Holders May Depress Price Despite Accumulation Trends.

A significant change in behavior has been observed among the major holders of Dogecoin, with recent data indicating a serious selling wave. If this selling trend continues, DOGE price may come under further pressure.

According to the latest data, Dogecoin is worth $0.12, and has fallen 23.74% in the last month. This ongoing selling trend could drop the price to around $0.10.

To better understand whether this downward trend will continue, we examined the Average Coin Age (OCA). OCA measures the average age of all coins, i.e. their date of purchase.

Importantly, OCA shows the trading activity of older coins, especially those that have been held in the wallet for more than 155 days. An increase in OCA indicates an increase in trading activity resulting in sales on exchanges. Since June 25, Dogecoin's 90-day OCA has been decreasing, indicating that these old coins are being moved to personal wallets rather than being sold.

Considering different metrics and their impact on price, Dogecoin's trading may remain within a limited band. Specifically, the price is likely to fluctuate between $0.11 and $0.13 in a short time.

So what about market participants? To understand their behavior, we conducted Exchange On-Chain Market Depth analysis, which evaluates the number of traders looking to buy or sell a cryptocurrency across the top 10 exchanges.

If more traders want to sell (ask), the probability of a price drop increases. Conversely, if there is more bidding, the potential price increase comes to the fore. Currently, bid volume for Dogecoin has significantly exceeded ask volume, according to IntoTheBlock data.

If this trend continues with traders scrambling to buy #DOGE at lower prices, a rally is likely to take the price to around $0.15. However, this prediction will be invalid if the number of traders bidding decreases.

💫 Base network was the best performer among Ethereum Layer 2 solutions in the 2nd quarter of the year.

🧙‍♂️ Important Developments:

📣On Monday, July 1, Wanchain (WAN) will make an announcement.

🇪🇺The European Region inflation rate will be announced on Tuesday, July 2 at 12:00.
•Expectation: 2.5% •Previous: 2.6%

🇺🇸 Fed Chairman Jerome Powell will give a speech on Tuesday, July 2 at 16:30.

🇺🇸US Stock Exchanges will close early on Wednesday, July 3, due to Independence Day.

🇺🇲US Unemployment Benefit Applications will be announced on Wednesday, July 3 at 15:30.
•Expectation: - •Previous: 233K

🇺🇸Fed FOMC minutes will be published on Wednesday, July 3 at 21:00.

🇺🇸The US Unemployment Rate will be announced on Friday, July 5 at 15:30.
•Expectation: 4.0% •Previous: 4.0%

🇺🇸US Non-Farm Employment Data will be announced on Friday, July 5 at 15:30.
•Expected: 180K •Previous: 272K

Fake token warning from Floki Inu: Investors beware!

Floki Inu, one of the leading memecoins, warned its users and the cryptocurrency community about fake tokens associated with its brand. The fake tokens in question are created on the Solana and Base blockchains and aim to defraud investors. Floki Inu's official Twitter account informed its followers about these fraudulent tokens. The team emphasized that the real FLOKI token exists only on the BNB Smart Chain (BNB) and Ethereum networks.

To protect against fraud, Floki shared the correct contract addresses as 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e for Ethereum (ETH) and 0xfb5b838b6cfeedc2873ab27866079ac55363d37e for BNB Smart Chain (BNB).

Floki stated that his community should obtain token information only from official sources to avoid such scams.

Despite the security risks, developers continue to increase the functionality of the Floki Inu ecosystem. FLOKI Name Service is now available on the BNB Chain mainnet.

This service allows users to register decentralized domain names with the .floki extension, increasing the use of the Floki Inu token in the ecosystem.

Floki Name Service is compatible with popular wallets and exchanges such as Trust Wallet and PancakeSwap using the #SPACE ID architecture.

According to the latest data, the number of #FLOKI owners on #BNB Chain has reached more than 417,400 owners, leaving behind an important milestone. To celebrate this achievement, a rewards program has been launched where Floki Inu owners can claim a percentage of interest rewards

🧙‍♂️ There are #Fed at the end of July. I think it will keep interest rates constant again. The market is in the green towards the end of the year.

🧙‍♂️ Be patient and cautious until the end of the year. 🫶

Santiment Shared Latest Data About Bitcoin, ETH, SHIB and These Altcoins!

The uncertain process continues in the cryptocurrency industry. Although the leading cryptocurrency #Bitcoin (BTC) seems to have managed to hold on to the $60,000 support, it has still not been able to achieve the sharp rises that investors expected.

Santiment, a successful research company, recently shared a new report on many crypto assets. Experts who examined #Bitcoin , $ETH , $SHIB , $UNI and #TON gave the following information:
“According to the MVRV Z-Score, which determines overvalued and undervalued assets in line with average investor returns, the upper limits are in the following categories:
Overbought: Toncoin, Bitcoin, Ethereum
Low buy: Uniswap, Shiba Inu”
As of now, while there is intense interest in BTC, ETH and TON among crypto investors, the interest in UNI and SHIB seems to have decreased significantly.

Santiment experts, who also examined crypto assets such as XRP, ADA, DOGE and MATIC, stated that these products did not reflect a difference in MVRV Z-Score metrics.

Ripple CTO David Schwartz Explains XRP's Security Status in Smart Contract Discussion.

The discussion started with “Mr. Huber” asked thought-provoking questions about whether staking transactions can be classified as investment contracts in the context of smart contracts. Schwartz argued that smart contracts should be understood as inherent properties of an asset, not as investment agreements. He emphasized that every entity inherently has certain characteristics, but these do not automatically translate into contractual relationships.

Citing the atomic structure of gold as an example, Schwartz stated that the fact that gold consists of 79 protons does not constitute an investment contract at the time of sale. This analogy emphasized the difference between the intrinsic properties of the entity and formal contractual agreements. He also likened user interactions to transactions with De Beers and diamond owners, citing the example of Metamask, and argued that the activities of a company tied to an asset do not automatically make the asset itself a security.

Schwartz's views sparked a broader debate about the impact of such definitions on the regulatory environment. Uncertainty in distinguishing between securities and other asset classes can significantly impact the way digital assets are managed. This ongoing debate highlights how important establishing clear and precise regulatory frameworks is in understanding the crypto world.

This issue is especially important as the crypto industry continues to struggle with legal definitions and classifications. Classifying crypto assets as securities has profound implications for how they will be treated under regulatory measures and how it will affect broader market stability and investor protection. Schwartz's arguments deepen the understanding of the relationship between technology and regulatory approaches, highlighting the need for well-informed and detailed legal interpretations.

🧙‍♂️ Important Developments:

📣On Monday, July 1, Wanchain (WAN) will make an announcement.

🇪🇺The European Region inflation rate will be announced on Tuesday, July 2 at 12:00.
•Expectation: 2.5% •Previous: 2.6%

🇺🇸 Fed Chairman Jerome Powell will give a speech on Tuesday, July 2 at 16:30.

🇺🇸US Stock Exchanges will close early on Wednesday, July 3, due to Independence Day.

🇺🇲US Unemployment Benefit Applications will be announced on Wednesday, July 3 at 15:30.
•Expectation: - •Previous: 233K

🇺🇸FED FOMC minutes will be published on Wednesday, July 3 at 21:00.

🇺🇸The US Unemployment Rate will be announced on Friday, July 5 at 15:30.
•Expectation: 4.0% •Previous: 4.0%

🇺🇸US Nonfarm Employment Data will be announced on Friday, July 5, at 15:30.
•Expected: 180K •Previous: 272K

Diss from AMD to Nvidia and Intel: "We are the best in artificial intelligence!

The years-long war between Intel, AMD and Nvidia has now moved to another dimension. These three technology giants, who competed only in the field of hardware in the past, have now entered a brand new field of competition: Artificial intelligence…

A new statement from #AMD this week includes claims that the company is ahead of both Intel and Nvidia.

This week, AMD's Senior Vice President and General Manager of Computing and Graphics, Jack Huynh, made important statements about its competitors and claimed that they offer the most complete solutions in the field of artificial intelligence.

Huynh said that they did not think that Nvidia could release a product that would compete with them in the APU market. The AMD manager, who also threw stones at one of its rivals, Intel, stated that Intel is in the same situation when it comes to producing data center GPUs.

Jack Huynh stated that #AMD is an expert company in both CPU and GPU and software development and is better than its competitors in three different areas. According to the AMD executive, the processors and graphics cards produced by the company perform better in artificial intelligence workloads. However, it promises less power consumption and a broader software ecosystem.

To be honest at this stage, it is clear that Nvidia has made a big difference in the field of artificial intelligence, but it must be admitted that the statements coming from AMD are a bit optimistic. On the other hand, seeing how serious the company is about artificial intelligence is also good news for end users. It is a fact that competition in every field benefits the end user.

Grayscale identified 20 cryptocurrencies with “high potential”

Grayscale, the world's largest digital asset management company, published a report commenting on the current situation in the cryptocurrency world. Stating that in the analysis, it expects 18 coins, in addition to Bitcoin and Ether, to come to the fore in the 3rd quarter of 2024, the company expects the rise in artificial intelligence coins to continue.

In addition to the launch of the Bitcoin spot ETF, Grayscale, which is waiting for the final approval from the SEC for the same product in Ether, published a report sharing its expectations for the 3rd quarter of 2024.  Focusing more on the rise of artificial intelligence coins in the report, the company also stated that it expects the ecosystem to grow around the Ethereum chain with the acceptance of Ethereum spot ETFs.

According to the report, Grayscale predicts that Ethereum ETFs will receive significant investment, as in Bitcoin ETFs, and will increase the valuations of tokens in the Ethereum ecosystem.

The company continued, “If ETF approval increases interest and adoption in Ethereum, certain second layer tokens (e.g. Mantle), Ethereum DeFi protocols (e.g. Uniswap, Maker and Aave) and other assets central to the operation of the Ethereum network.” “We may also see increased transaction activity and valuation support for (e.g. Lido).” says.

On the other hand, Grayscale is of the view that, aside from the Ethereum ETF approval, various existing categories, and particularly the intersection between blockchain technology and artificial intelligence, will continue to be in focus in the coming quarters. The company underlines that one of the assets in this category is Near, and that Near is among the best smart contract platforms in terms of the number of daily active users. The report emphasized that decentralized GPU markets such as Render and Akash may also be the choice of investors who want to invest in the field of artificial intelligence.

🧙‍♂️Spot Ethereum ETF issuers must resubmit S-1 forms by July 8.

•This new timeline means the launch of spot Ethereum ETFs could be delayed until mid-to-late July, according to Bloomberg ETF analyst Balchunas.

Dogecoin Rising: Short-Term Gains Expected Compared to Bitcoin.

As major figures in the cryptocurrency space, Bitcoin and Dogecoin share some common ground; these include their commitment to the Proof-of-Work (PoW) consensus mechanism. This key feature connects them to a traditional blockchain verification method.

However, there is a significant difference in supply dynamics; While DOGE's supply is theoretically infinite, Bitcoin's supply is limited to 21 million, making BTC scarce. Currently, Dogecoin is trading at $0.12 and is up a significant 38.19% Year-to-Date (YTD). Bitcoin, on the other hand, has a value of $61,579, an increase of 39.42% in the same period.

The correlation between their prices is quite high, according to Macroaxis, this ratio is at 0.98. This suggests that price movements are closely linked and provide nearly equivalent returns to investors over time, with Bitcoin slightly outperforming Dogecoin.

Data shows a significant sell wall for Bitcoin at $62,134. At this level, there are 1.64 million addresses purchasing approximately 759,670 BTC. On the other hand, there are 755,240 addresses purchasing approximately 445,280 BTC at $60,793. This setup indicates that Bitcoin may struggle to surpass the $62,000 level and there is a possibility of it falling below $60,000 in the short term.

Dogecoin is in a different position, there is strong support at $0.12. This level represents 86,480 addresses purchasing a total of 6.87 billion DOGE. Such solid support could allow Dogecoin to rise above the $0.12 level to reach future values ​​in the $0.13 to $0.15 range, indicating an advantage over Bitcoin in the short term.

100 Million Liras Transferred to Binance from Bitcoin Wallet That Has Been Dormant for 14 Years.

In July 2010, a miner managed to earn 50 bitcoins for his work and then started keeping the crypto asset he received as a reward in his wallet. At that time, bitcoin was trading at just $0.05.  After 14 years, the bitcoins from the reused wallet were transferred to #Binance

These cryptocurrencies, dating from the so-called Satoshi era (between 2009 and 2011), were worth only $2.5 when they were mined. Today, the price of 50 bitcoins is exactly 3 million 76 thousand 40 dollars, that is, 101 million 434 thousand 660 TL. 

In 2010, bitcoin was quite new, and because the algorithm used scaled with usage, at that time – which is almost impossible today – a miner alone managed to create a block and earned 50 bitcoins. Today, cryptocurrency mining is much more difficult and after the halvings, the reward per block has dropped to 3,125 bitcoins. 

With the increase in #Bitcoin prices and increased usage, it is no longer possible to mine on home computers. In recent years, the hashrate required to calculate new blocks has been breaking record after record. That's why even special systems worth thousands of dollars may not be able to calculate blocks on their own. 
$BTC $ETH $BNB

Current Ceek VR Information

1. General Information and Features:
Ceek VR offers virtual events and experiences to its users as a virtual reality (VR) platform. Content creators can deliver their creativity to wider audiences and monetize it using Ceek VR devices, mobile devices, tablets and smart TVs. Ceek VR expands fan base and secures revenues with blockchain technology by tokenizing event tickets (CoinMarketCap)​.

2. New Partnerships and Developments:
Ceek VR collaborates with NBA teams and e-sports teams to create branded VR headsets and 360-degree experiences. Additionally, thanks to their partnership with Universal Music, they bring live performances of popular artists such as Lady Gaga, Bon Jovi, and U2 to the platform (VR Concerts) (Cointelegraph)​.

3. BNB Smart Chain Integration:
Ceek VR has reduced user costs and transaction fees by switching from Ethereum to Binance Smart Chain (BSC). This integration enabled Ceek VR to reach a wider user base and process faster. Additionally, Ceek VR has been selected for the BNB Chain MBVIV Incubation Program, providing mentorship and community support to the project​ (Cointelegraph)​​ (CoinMarketCap)​.

4. Future Plans and Market Strategy:
Ceek VR aims to increase its impact in the field of virtual reality and metaverse with new partnerships and platform integrations. They are working on new collaborations such as with NASCAR and KPOP artists. They are also listing on various exchanges to attract more users (VR Concerts) (Cointelegraph)​.

Cryptocurrency market overview | 29 June

🔴 Market cap: $2.26 trillion (-1.01%)
🟢 BTC dominance: 53.18% (+0.09%)
⚡️ Fear and Greed Index: 30 (Fear)

Glassnode Predicts: Ethereum [ETH] Poised for 120% Rally by Year-End as ETF Launch Approaches.
Jan Happel and Yann Allemann, founders of blockchain data intelligence firm Glassnode, suggest that Ethereum (ETH) could see a massive price increase at the end of the current bull market. Sharing posts under the pseudonym Negentropic on X (formerly Twitter), the team states that historical price models support a potential rally of ETH and that the price of ETH can reach approximately $ 7,500 per token.
Negentropic's analysis is based on Ethereum's reaction to historical trendline resistances, which have previously marked cycle tops. The team predicts that the impact of this trend line indicates a significant price increase and that ETH could potentially make a strong move after consolidating. The founders emphasize that past behavior is similar to the current structure and suggest that a significant gain can be achieved following a similar consolidation phase.
The possible launch of the Ethereum ETF is seen as a critical catalyst of this projected rally. According to Glassnode, Ethereum's relative strength compared to Bitcoin (BTC) and other cryptocurrencies is increasing, and the ETF launch is considered a possible trigger of a new bull cycle.
“Ethereum is showing relative strength in a market predominantly driven by Bitcoin. “The anticipated ETF launch could be an important catalyst.”
Despite this optimism, the ETHBTC rate (the rate that tracks ETH's performance against BTC) currently appears to be in a downtrend. However, a breakout from this downtrend could confirm ETH's potential to outperform BTC and further support the bullish narrative. Analyst TechCharts notes that a breakout could keep Ethereum's performance above Bitcoin, reinforcing the projections discussed by Glassnode.