$BTC rebounded to around 63400 last night. The current price is back above 66000 again. Bitcoin is in the range of 64000-68000 USD. If it leaves this range, it will enter a new trend.
The Bitcoin Conference is being held as scheduled. Tomorrow is the day when Trump will speak at the conference. The news has increased the uncertainty of the future market. The daily level is still bullish, so there is no need to become pessimistic because of the correction. At present, I am optimistic about the market in August. It may be a relatively large market. Be patient and wait. I will continue to pay attention to the support of $64,000, but if it still does not fall below after the end of this week, I will turn to long next week.
The market expects that the Fed will cut interest rates in September, which may be part of the reason why the offshore RMB rose 500 points yesterday. There have been a lot of bad news recently, but there are also American funds entering the market from ETFs. More turnover is a good thing, so I still think that the market will still be dominated by fluctuations. After mid-August, the market will digest these bad news. The so-called bad news is good news. Don't be fooled by your leeks. In addition, brothers without technology should try to operate short-term as little as possible. When the bottom is established, there is still a chance to adjust the position, which is not a loss. It is for faster recovery or profit.
Why did ETH fall so sharply?
The Ethereum Foundation wallet, which had been silent for seven years, suddenly "woken up" and transferred out nearly $300 million worth of Ethereum at one time. The truth behind this is intriguing!
This wallet, which is closely associated with the Ethereum Foundation, seemed to have been forgotten in the corner of the digital world for seven years. Until July 25 this year, it suddenly became active and transferred about 92,500 Ethereums at one time, with a value of up to 290 million US dollars!
The Ethereum Foundation transferred 92,000 ETH to its address in 2017
ETH ETF is listed, Vitalik Buterin hits himself
Recommend these tokens with unlimited potential:
ARKM
Current price: $1.4044
Market value: $288 million
24-hour trading volume: $46,316,500
I recommend $ARKM. This is one of the AI projects I am very optimistic about after WIF/IO/ENA/ZK/NOT/JUP. If it is below 1.4, you can buy it boldly. If it falls below 1, you can go all in.
The first halo is Binance's Launchpool projects, most of which are high-quality projects. Perhaps because they are easily confused with Launchpool, careful people may have noticed that Binance has stopped displaying Launchpool information, which is a good thing. It is also a very good idea to carefully study the projects on Launchpool (I hope everyone pays extreme attention to it) and then choose.
The first point is only a small factor. The second point is that the AI track has cooled down enough. Most of them have fallen to the bottom range and cannot fall any further. However, the imagination of the track is huge, so we must bet heavily on AI. Every time Altman, the founder of OpenaAI, does something, the two AI coins that benefit are WLD and ARKM. Unlike WLD, ARKM has a strong brand exposure in data tracking and has established an important position in data query in the past few months. It also has strong brand cooperation capabilities and good social data performance. It’s just a pity that there are no influential people shouting orders on Twitter, and its CEO’s Twitter is like a robot account.
What is noteworthy is that the CEO has a deep insight into what products should be free and what products should be charged, and is a true entrepreneur. Now ARKM's currency revenue generation function has not been opened. When more token functions are developed this year to obtain income, the currency price imagination space will be greater.
If you are afraid of the large unlocking of $WLD and think that other old coins have little hope, you might consider ARKM.
Jupp
Current price: $1.0085
Market value: $1.364 billion
24-hour volume: $152 million
Solana is already the most active public chain with the greatest wealth effect after Ethereum. For those who missed buying SOL, it is certainly a good idea to buy MEME and ecological projects above it.
But this time I will mainly talk about the most important DEX in the ecosystem, such as JUP. To be honest, when it comes to DeFi now, it is no longer necessary to buy the well-recognized good projects such as UNI and DYDX in the last round. We should really bet on those emerging, most representative and potential projects.
JUP occupies the most important position in the Solana ecosystem community. Almost all transactions require it, especially when Tugou is taking off again. Its Twitter community is very active and its marketing level is extremely high.
The active pledge platforms they have developed are all pretty good, and the new projects they have launched, although the wealth effect is not strong, are not bad. They are very ambitious and want to build a complete package for the Solana ecosystem, including perpetual contracts, lending, pledges, new projects, etc. The vision is grand enough.
XRP
Current price: $0.6057
Market value: $33.913 billion
24-hour trading volume: $2.081 billion
XRP is the base currency of the Ripple network. It can circulate in the entire ripple network. The total amount is 100 billion and gradually decreases with the increase in transactions. The operating company of Ripple is Ripple Labs.
Ripple is the only universal currency in the Ripple system. It is different from other currencies in the Ripple system. Other currencies such as CNY and USD cannot be withdrawn across gateways. In other words, CNY issued by Gateway A can only be withdrawn at Gateway A. If you want to withdraw at Gateway B, you must convert it into CNY of Gateway B through the pending order function of the Ripple system before you can withdraw at Gateway B. Ripple has no such restrictions at all and is universal in the Ripple system.
XRP price growth has been slow recently, but market participants remain very optimistic about its future prospects. I predict a massive increase in XRP price and forecast how high the cryptocurrency might reach in value, while also identifying key technical indicators and bullish patterns that suggest a possible price reversal.
➢$SATS
SATS has hit a new high in this round of rebound. It announced that it will launch the second-layer network in September, which undoubtedly injected new vitality and imagination into the market. The current market value is close to ordi, and the trend is still strong. At present, the daily level has a trend of continuing to rush up to break through the previous high of 3620. Of course, it will not be like the demon coin, which violently pulls up 100% in a single day. After pulling up, it will still fluctuate-step back-pull up again, so you must step on the rhythm accurately. The big pressure is around 3800, and the support is 2500.
➢$BABY
PEPE said yesterday that it is relatively weak, but the trend has not changed. Looking at the acceleration in the future, the small level will soon start to stop the decline and rebound. Those who want to hold it can continue to hold it.
➢$WIF
Memecoin, the flagship of the SOL ecosystem, is well-liked by Wall Street. WIF stands out with its unique design and strong community support. In the face of external criticism, WIF holders are confident and expect its value to soar. The market predicts that WIF will hit a high of $10 and is expected to compete with PEPE in 2024. WIF is actively traded, with an average daily turnover rate of more than 15%, outperforming low-circulation tokens.
➢$PEOPLE
PEOPLE has a good name, with profound meaning and is easy to spread. It has a unique narrative gene and a constitutional auction background. Whoever becomes president needs to swear an oath to the Constitution. Republican Vice President Vance has bought and held it. The Democratic Party Harris's x account signature has "Fighting for the People". It has been listed on Binance, has ample liquidity, and is currently one of the meme coins with the lowest market value. It has fallen sharply from its previous highs, and the risks have been fully released. It was the first to rebound in today's market decline. Perhaps the main funds have started a new round of speculation, and the price-performance ratio is very good.
