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 fell slightly, and the prices of popular altcoins plummeted
Recently, the price of Bitcoin has fallen slightly, while at the same time, popular altcoins have suffered a sharp drop. As the leader of the digital currency market, Bitcoin's price fluctuations have always been regarded as a market vane. Although the price of BTC has only fallen slightly this time, the market is very sensitive to the interpretation of this signal. As an emerging force in the digital currency market, the price fluctuations of altcoins are often more drastic. BTC experienced drastic price fluctuations in the early morning of the 18th, with a drop of 1.3%, reflecting market uncertainty and investor sentiment fluctuations. At the same time, the altcoin market, especially popular currencies, suffered a greater blow, such as the sharp drop in the price of ZK coins and the shrinking market value. IO coins also fell sharply, with a decrease in circulating market value, and may face selling pressure. Other cryptocurrencies such as REZ, ETHFI, ENA, etc. have also generally fallen by more than 10%.
The altcoin market is often directly influenced by the Bitcoin market. Since altcoins are weaker than Bitcoin in terms of market share, technology maturity, liquidity, and acceptance, any disturbance in the Bitcoin market may have an amplifying effect on the altcoin market. This effect can be more pronounced when Bitcoin prices fall, causing altcoin prices to plummet.
In addition, altcoins themselves also have some inherent risks and problems, such as lack of underlying technical support, exaggerated and false marketing methods, and uncertain legal environment, all of which may lead to instability in altcoin prices. In the context of falling Bitcoin prices, these risks and problems may be further amplified, exacerbating the plunge in altcoin prices.
2
Bitcoin price drops to 1-month low of $64K
Bitcoin hit a one-month low on June 18, with a breakout above $67,000 failing to sustain. BTC prices are weak and are facing resistance in their attempt to return to $64,000. During the Wall Street trading session, the price fell to $67,250 before recovering to $64,050, but the upward momentum stalled. Market observers are cautious about this. The rebound was mainly driven by Coinbase spot and Bitfinex purchases, but it faces selling pressure. If the key area of 66𝐾−67K cannot be maintained, the price may fall further. Despite the positive signals, market sentiment still tends to be cautious.
After BTC price hit a new low, liquidity conditions fluctuated, and rising funding rates showed bullish signals, but market sentiment and capital flows remain complex and volatile. Short-term holders are close to the break-even point, and further declines may trigger selling pressure. The key support trend line that analysts are concerned about coincides with the current price area, which provides some support. However, whether the price can maintain this level and continue to rise still depends on changes in market sentiment and capital flows. Overall, BTC prices are currently in a weak state and face the challenge of returning to $64,000. Although there are some short-term positive signals and supporting factors, the overall market environment and investor sentiment still need to be closely monitored.
Today's recommendations are TNSR, SAGA, NTRN, and ZK.
1
TNSR
TNSR is the governance token of Tensor, which is the NFT trading market on the Solana chain and the core infrastructure of the Solana chain. TNSR aims to promote community-led governance of the Tensor protocol and help Tensor DAO develop its ecosystem. The market development of TNSR is currently good, but the overall trend is upward. The current price is $0.656.
2
SAGA
Saga coin is a digital currency closely related to blockchain technology. As the native token of the Layer 1 project Saga, it occupies a core position in the project. Saga coin has broad prospects, especially in games, DeFi and cross-game NFT projects, which will help enrich the metaverse world and play a potential role in community building, social interaction, financial transactions and public welfare activities. The current price is $1.429.
3
NTRN
NTRN is a digital currency based on blockchain technology, closely linked to the decentralized education platform Neutron. Neutron aims to simplify the deployment of various applications through cross-chain smart contracts. As the native token of Neutron, NTRN has multiple functions, including promoting the popularization of decentralized financial services and applications, providing anonymous and private transaction protection, and supporting reliable data recording and management as a leading platform in the field of the Internet of Things. The current price is $0.526.
4
ZK
ZK coin (Polyhedra Network) is a digital currency based on blockchain technology, which uses zero-knowledge proof technology (ZK) to empower interoperability and network protocol computing power. ZK coin will be listed on March 19, 2024. Its issuance is capped, with a maximum supply of 900,000,000 and a maximum supply market value of $2.641 billion. The Polyhedra team has made many technological breakthroughs in ZK interoperability and successfully attracted a lot of investment to become a leader in this field. The current price is $0.227.
Club Recommendation Review
1.【ZK】
I recommended everyone to invest in ZK this morning. The investment point was around 0.189. It has now rebounded to around 0.22, an increase of 17%. Congratulations to everyone who got on board.
2.【NOT】
TON ecosystem is an ecosystem that has been optimistic about the future. NOT is the main target of TON ecosystem. The club also chose NOT when it was around 0.0173 and went short on it. It rose to around 0.193 at the highest, with a 10% increase, 20 times which is almost 90%, and the closing price was more than 300 yuan. The strategy was firmly grasped.
Come join the club and ambush more valuable targets.
Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
Thank you for reading this far. Ali is with you and wishes you a happy life. Good morning, good afternoon, good night, and see you next time.
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$NTRN