Hello everyone, I am Ali, from Wujie Club. Wujie Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
1
BTC regains $62, the most difficult level may have bottomed out
Bitcoin prices have rebounded strongly recently, successfully regaining and exceeding the $62,000 mark, indicating that the worst of the sell-off may have ended. This is mainly due to the end of Germany's "forced sell-off" and the easing of Mt. Gox's repayment pressure, which has enhanced market confidence.
Meanwhile, the improvement in the macro environment is also seen as a key factor in further boosting Bitcoin prices in the coming months. Bitcoin has formed a "local bottom" and is moving toward an upward trend. Despite the negative impact of nearly $3 billion in sales from the German government and about $8.5 billion in repayments from Mt. Gox creditors, market confidence in Bitcoin is gradually recovering as these pressures gradually dissipate. In addition, Bitcoin has risen 5.2% in the past 24 hours, rebounding from a low of $53,500 on July 4 to the current $62,550, further demonstrating its market resilience and potential.
The increased odds of Trump winning the upcoming election is a key driver of positive price action in the coming months. Trump and the Republicans have a more friendly stance towards cryptocurrencies than the Democrats, which will be beneficial for the rise in Bitcoin prices.
As the market is time-sensitive, any potential rise in Bitcoin prices may not happen overnight despite bullishness on Bitcoin's future performance. The narrative about Mt. Gox creditors dumping Bitcoin has been "processed and priced in", but lower-than-expected inflation data and rate cut proposals in the United States are powerful catalysts to drive the crypto market forward. So the rise in Bitcoin prices may be constrained by some potential risks. The market should pay close attention to the degree of staggering of Mt. Gox repayments and the percentage that recipients want to cash out to assess short-term market pressures.
2
Trump incident, positive signals for the crypto market emerge
On July 13, 2024, former US President Trump was shot at a campaign rally in Pennsylvania. Fortunately, he was only hit by a bullet in the upper part of his right ear and escaped. The incident resulted in the death of one of the gunmen involved, who was shot by the Secret Service, and the tragic death of a rally participant. The photo of Trump cheering was widely circulated around the world and became the focus. After this incident, Trump’s election victory rate on the prediction market platform Polymarket soared to 71%, a new high, far exceeding current President Biden’s 18%. If he ultimately wins the election, it is expected to have a significant impact on the cryptocurrency market. positive influence.
This event not only attracted global attention, but also indirectly promoted the sharp rise in Bitcoin prices, breaking through the $60,000 mark. This change once again highlights the unique value and market position of Bitcoin as a digital asset. Trump himself has a positive attitude towards cryptocurrencies, meeting with representatives of Bitcoin miners and promising to support them in the White House. He emphasized on social media the importance of Bitcoin mining in responding to central bank digital currencies (CBDCs) and hopes that all Bitcoin mining activities can be carried out in the United States.
Trump said that if he is re-elected as president, he will immediately cancel the previous government’s suppression policy on cryptocurrencies. This promise has significantly increased market optimism about the future development of cryptocurrencies. In addition, he plans to attend and deliver a speech at the Bitcoin 2024 conference in Tennessee on July 27, which is expected to further drive attention to the cryptocurrency market. As the probability of Trump winning the election increases, the crypto market may benefit in advance and may usher in a new upward trend. Trump’s positive attitude towards cryptocurrencies and his potential policy adjustments have brought new growth opportunities and potential to the cryptocurrency market.
Today’s recommendations are API3, UMA, FIDA, and LINA.
1
API3
API3 coin is a digital currency based on Ethereum and is also the native token of the API3 project. The API3 project aims to build a decentralized Oracle solution with the main purpose of forwarding data to the blockchain for use by smart contracts. The API3 project operates in a decentralized manner and consists of a global node network, eliminating the reliance on a single entity. Cryptography is used to ensure the integrity and confidentiality of data feeds, providing reliable, secure and transparent data feeds for blockchain smart contracts. With the development of blockchain technology and the expansion of application scenarios, the API3 project and its token API3 coin are expected to play a greater role in the field of decentralized APIs and gain more attention and adoption. The current price is $1.983.
2
ONE
The UMA token is a governance token that is primarily used to create, maintain, and settle financial transactions on Ethereum. UMA (Universal Market Access) is a protocol on Ethereum that allows users to track and tokenize assets outside the blockchain, such as gold, for automatic trading. This includes governance, access services, incentives, and value addition. UMA token holders can participate in the decision-making process of the UMA ecosystem, determine the price of data requests, and resolve disputes through the Data Verification Mechanism (DVM). The current price is $2.140.
3
TRUST
FIDA coin is a network token in the Bonfida ecosystem, a project focused on the cryptocurrency exchange ecosystem. Bonfida aims to provide users with decentralized financial services, and as an important project in the Solana ecosystem, it has achieved good development in a short period of time. FIDA coins can also be used to participate in the platform's voting and governance, helping to determine the future development direction of the platform. The Solana ecosystem in which FIDA coins are located is one of the cryptocurrencies that have performed well in recent months. The current price is $0.251.
4
LINA
LINA coin, also known as Linear Finance, is a digital cryptocurrency based on blockchain technology, also known as a token. It is issued and managed by a decentralized platform driven by LINA Protocol. LINA coin uses blockchain technology, especially the ERC-20 token standard on the Ethereum platform. Its main purpose is to provide more fair, transparent and efficient solutions for the global supply chain and logistics industry. Through its supply chain financial smart contract system, LINA coin ensures that all transactions in the supply chain are publicly recorded and completed under the supervision of smart contracts, thereby reducing risks and increasing transparency and credibility in the industry. The current price is 0.00517 USD.
Review of club recommendations
1.【storj】
Storj Labs strategically acquires GPU cloud giant Valdi to accelerate depin+AI ecosystem layout Storj Labs recently announced the acquisition of GPU cloud company Valdi. This important acquisition has added new impetus to its transformation into the AI field. Storj, which originally focused on storage technology, now combines depin (probably referring to "decentralized") with AI technology through this acquisition, further enhancing its technical strength and market influence. The club recommends building a position at the current price of 0.3468. The highest price of STORJ has risen to 0.4103, an increase of 18.38%.
2.【jsamy】
Jasmy is also a target that the club has always been optimistic about. Recently, due to the blockchain conference held in Japan, Jasmy, as a Japanese token, the club recommends building a position at 0.021-0.022. As the BTC market rebounded, Jasmy also reached a maximum of 0.02697, which is 28.38% higher than the club's recommended point. Unbounded products must be high-quality.
Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
Thank you for reading this far. Ali is with you and wishes you a happy life. Good morning, good afternoon, good night, and see you next time.#美国大选如何影响加密产业？ #美国6月CPI大幅降温 #币安7周年 #API3 #UMA
