#Bitcoin close to the third target reported in the previous analyses, the very positive data is that if that level had been reached around December 5, it would have become a strong resistance, while since the price is well ahead of its time, it has at this point the possibility of going even further. It must be said that such a vertical climb is unsustainable and the correction, when it will come, will be proportional with a violent reversal that can also arrive without warning, in these conditions it therefore becomes very difficult to hit the exact point on which to exit and liquidate the positions.
Be careful not to get carried away by easy enthusiasm for a #altseason2024 start, because the #Dominance of #Bitcoin came down ahead of schedule, so we can expect an upward recovery in the next few days.
Here are the most important ones. Before moving on to dates, projects and quantities of tokens unlocked, it will be useful to make an introduction. Unlocked tokens do not always end up on the market and therefore do not always have a negative effect on the price of the projects involved. The list we provide you here is not one that should cause panic. This is additional information that you will need to keep in mind for your next operations.
Immutable X: 32.5 million tokens – July 12th
On July 12th there will be an unlocking of $IMX tokens worth 2.5% of the total circulating supply of this token. It is a relatively important sum for a protocol which is however rather liquid and which is awaiting, among other things, the arrival of interesting games which could increase its perceived usefulness.
Aptos, 11.3 million tokens – July 12th
It will be an intense July 12th in terms of unlocks. Even Aptos, a layer 1 project of some importance on the market, will have an unlock that will be worth approximately 2.49% of the circulating capital.
Starknet, 64 million tokens – July 15th
Starknet $STKR will have an unlock that is perhaps the most relevant of this month at least in proportion to the total in circulation. In fact, approximately 64 million tokens will end up being unlocked, worth 4.9% of the circulating mass.
Arbitrum, 92.6 million tokens – July 16
Another significant project in terms of capitalization and investor interest. On July 16th Arbitrum will unlock another 92.6 million tokens, which means just under 3% of the total circulation.
Memes and posts comparing the 2020 halving to the 2024 halving, often with ironic images or phrases like "when you order it from Wish, when it arrives at your home" or "it's over for this cycle", create an atmosphere of pessimism and disillusionment in the cryptocurrency market.
But is this pessimism really justified?
Analyzing the data, a different reality emerges:
* Today we are -16% from the absolute maximum and -10% from the maximum of the last cycle.
* In the same period of 2020, we were -33% from the local maximum (June 2019) and -56% from the previous cycle high.
In other words, the current situation is much better than 2020
It is important to remember that halving is a gradual process that slowly erodes selling pressure and needs time to take effect.
Memes and sensationalist posts tend to distort reality and create unjustified panic among investors. It is essential to maintain a long-term view and not be influenced by temporary market fluctuations.
Instead of focusing on negative memes, it is more useful to analyze data and charts to better understand market trends and make informed investment decisions.
Let us remember that the cryptocurrency market is still young and constantly evolving, with periods of growth and periods of stagnation. Patience and analytical skills are key to successfully navigating this landscape.
It is an extremely bullish American session in the afternoon that ended today.
And a beautiful afternoon for those who invest in crypto. In fact, all or almost all of the #Memecoins are flying, together with cryptocurrencies linked to artificial intelligence and some other secondary projects but which had been significantly punished by the last bearish wave that had overwhelmed the market.
The best of the day in the top 100 is #PEPE which recorded a +20% in the space of 24 hours, confirming the great health of the assets reasonably considered to be the most risky.
The performance of $WIF , #bonk and #FLOKI was also excellent, confirming a meme sector on the shields.
Among the cryptocurrencies considered more serious, $AAVE grosses a +15%, while Arweave, those linked to AI and Jupiter do equally well.
Perhaps the good performance of the NASDAQ Composite Index weighs heavily, although the other US indices are not very well disposed towards increases, with SPX500 bringing home a modest +0.30%.
Ethereum and Solana do well, Bitcoin less well:
Of the leading group, Solana's performance is notable, recording an increase of approximately 10% in 24 hours. Ethereum also performed well, close to +4% awaiting the ETF's approval.
Less good is Bitcoin, which is paying for a rather complicated market phase and which over the last week is the only one not to be positive, together with $XRP , of the top 10.
Bernstein: Ethereum ETF Predictions and Comparison with Bitcoin.
What does Bernstein say?
According to Bernstein, analysts at Bernstein predict that the #EthereumETF Spot will have a lower return than Bitcoin's #Etf spot.
Why?
There are two main reasons:
* Greater volatility: $ETH is considered a younger and more volatile market than Bitcoin, with more pronounced price fluctuations.
* Less adoption: Ethereum is even less widespread and used than Bitcoin, with a smaller investor base.
So, is Ethereum a bad investment?
Not necessarily. Bernstein highlights that Ethereum has great long-term potential, thanks to its innovative technology and multiple use cases. However, in the short term, investors should be prepared for more volatility than Bitcoin.
Germany sells more Bitcoin: 46,000 BTC at stake, some returns to exchanges, now what?
. What happened?
The German government sold another 46,000 Bitcoins, moving them from a government wallet to cryptocurrency exchanges. This move has sparked speculation about the German government's real strategy regarding Bitcoin.
. What does it mean?
Some speculate that Germany is selling off its Bitcoin, while others argue that it is a simple repositioning operation. At the moment, there is no official confirmation from the German government.
. Because it is important?
The sale of Bitcoin by a major player such as the German government could have a significant impact on the price of the cryptocurrency. Furthermore, the operation raises questions about its management and the transparency of government policies regarding cryptocurrencies.
. What to do now?
It is important to follow the news and official statements from the German government to have a clearer view of the situation.
Meme coins are a recent phenomenon in the world of cryptocurrencies, characterized by popularity that has exploded in a short period of time, often accompanied by extreme volatility.
* Criticism: Meme coins are often accused of having no intrinsic value and representing mere speculation. Furthermore, their rapid growth could create speculative bubbles that are harmful to the entire crypto ecosystem.
* Defense: Proponents of meme coins point to their role in spreading awareness of cryptocurrencies to the general public and attracting new users to the industry. Furthermore, some meme coins have developed real utilities, such as in the field of online payments or blockchain games.
The future of meme coins is uncertain. They could quickly fade away as a fad, or they could solidify themselves as a permanent component of the crypto landscape.
Personally, I find the phenomenon interesting and full of potential. Meme coins can be a fun and engaging way to approach the world of cryptocurrencies, encouraging mass adoption.
However, it is important to remember that these are highly speculative investments and that it is essential to do your research before investing.
And you, what do you think of meme coins? Do you think they have a future in the cryptocurrency world?