Market Analysis
Bitcoin BTC rose to the 65,000 position for the second time earlier today, but was suppressed both times. The daily line shows a signal that the rise is weakening. The pressure at the 64600 position is extremely significant. If the long position is higher than 20%, then no more covering operations can be performed near 63800. If it cannot rise to 66,000 before Wednesday, then you need to be wary of a pullback below 63,000 at any time.
Current suggestions for the short term: If you hold long orders with a cost of 58800-60666, you can now start hedging with a light position and try to go short at highs, using a small position of 8-10% to take short orders in batches at 64600, 65000, and 66000. Because the top of the August monthly line is around 66200, and the monthly line has been on a downward trend in the past six months, the closing line this month must be lower than the highest point in July and close with a negative line, so the top of 66,000-68,000 in the short term may be the limit position, and a big positive line is needed to directly pull it up to this point. In the last week of this month, the higher it goes, the more suitable it is to take short orders. The focus of the rise needs to focus on the situation in the two weeks before September 18.
Ethereum ETH is under great pressure near 2792 and has not yet stood firmly at 2775, so it is difficult to see the target of 3000 for the time being. If you hold a long order with a cost of 2566, you can now hedge with small positions in batches at 2760-2788 and 2818-2850, and then take profit in the direction of 2736-2666.
SOL is similar to the situation on August 8, encountering resistance and falling back at 162-163. If you hold a long order at 142.85, you can use 1/3 of the long position to place orders in batches at 159.25-161 and 163-166 to hedge.
The key point of hedging: When the floating profit of long orders is large and it seems difficult to break through the new high point in the short term, you can boldly try to go short with a light position. Once the peak of the short-term trend is determined, you can follow the trend to cover the short order and stop the remaining position of the long order at the same time, so as to achieve both long and short gains.
The top three altcoins that will increase 20-100 times in the bull market!
1.ABOUT
The Sui Foundation and gumi Inc., a well-known Japanese mobile content developer, recently announced a strategic partnership. The collaboration focuses on the development of the sequel to the popular Brave Frontier series, Brave Frontier Versus. The game will be developed on the Sui Network by gumi's Web3 project OSHI3.
Brave Frontier Versus will combine traditional gaming elements with blockchain technology to enhance the gaming experience. Sui Foundation and gC Games, a subsidiary of gumi Inc., will jointly fund the development of the game. In addition, Oshi tokens (OSHI) will be partially transferred from the Polygon network to the Sui blockchain. This move highlights Sui's growing influence in the blockchain gaming ecosystem.
Another major development is the partnership between Sui Network and Yield Games. The partnership aims to promote the development of blockchain-powered games. Sui's efficient blockchain technology provides strong support for these efforts, including fast transaction speeds, friendly user experience, and scalable infrastructure.
The partnership will officially launch during Korea Blockchain Week. Sui Zone will serve as a central hub for enthusiasts and gamers interested in exploring the future of Web3 gaming.
In terms of performance, the Sui network has achieved impressive results. This year, it has processed up to 2.14 billion transactions, surpassing major networks such as Tron, Polygon, and Ethereum. Moreover, Sui is able to process 297,000 transactions per second, which is six times faster than Solana.
At the same time, the network has also shown significant activity in terms of decentralized exchange (DEX) trading volume. Within the first year of mainnet launch, transaction volume reached 50 times that of Aptos. These data fully highlight Sui’s strong ability to support high levels of on-chain activity.
2.BONK
Bonk has become one of the newest meme coins in the Solana ecosystem. This meme coin is both a social representation and a community token, deeply integrated into Web3 applications and protocols. Bonk’s mission is to expand its integration on multiple chains, decentralized finance (DeFi), and gaming platforms.
Bonk is now integrated with 131 projects, and its utility comes from its strong community and thriving ecosystem. The token has seen rapid adoption, with over 400,000 holders and listings on 41 exchanges. As expansion continues, this growth is only the beginning for the Bonk community.
Bonk focuses on three core pillars to become the premier community partner in the Web3 space. First, its multi-chain strategy allows holders to use Bonk on a variety of different blockchains. Second, Bonk simplifies DeFi operations for its holders, helping them increase their holdings. Third, with the integration of more than 25 game activities, Bonk is gradually becoming the preferred currency in games.
Bonk is built on the Ethereum blockchain and offers a variety of use cases to engage the community. For example, the Bonk Bot on Telegr enables features such as easy purchases of tokens. Bonk Swap is building a specific relationship on Solana, while BonkRewards allows users to earn rewards by locking up their own tokens.
Recently, Bonk announced that it has become an official partner of Baesebal United. The cooperation with the first professional baseball league focusing on the Middle East and South Asia has greatly expanded Bonk's influence. In addition, Bonk has also established partnerships with major exchanges such as Binance, DOEX, Bybit, OKX and DigiFinex.
Bonk currently has a market cap of $0.00001926, an increase of 3.66% in value. This upward trend, combined with an expanding ecosystem and partnerships, makes Bonk an attractive option in the eyes of investors.
3.P͏E͏PE
The meme-powerful emoji coin “Pepe” has taken the cryptocurrency space by storm. It is one of the most popular emoji coins in recent years. Pepe has successfully dethroned many dog-themed coins that have dominated the emoji coin market.
The dominance of Hiba Inuit derivatives has spread across the globe, carving a path for the most famous memes on the Internet. Pepe aims to reclaim the throne of Internet culture in the cryptocurrency space. Now, it’s time for a brand new face to lead the meme alliance revolution.
Pepe's mission is clear: Make Memorycoin great again. Pepe was quietly launched without a pre-sale, in the true spirit of decentralization. With zero taxes, burning of liquidity tokens, and waiver contracts, Pepe truly belongs to the people.
The Ethereum blockchain powers Pepe, ensuring its reliability and wide accessibility. This technological foundation provides a solid foundation for Pepe's growth and adoption. Ethereum's powerful network supports Pepe's ambitious goals in the cryptocurrency space.
In this ecosystem, we have established partnerships with major players. Uniswap, Gemini, HTX, OKX, Kucoin, Binance and Bybit have all embraced Pepe. These partnerships have greatly enhanced Pepe’s liquidity and trading options, providing convenience for enthusiasts around the world.
The market has responded enthusiastically to Pepe's reasonable move. The recent increase is as high as 8.90%. This upward trend reflects the growing confidence and interest of investors in Pepe's potential.
Fueled by pure meme power, Pepe is poised to lead the next wave of crypto culture. Its community-driven approach and cultural relevance set it apart from other memecoins. Let Pepe take you on a journey through the exciting promise of meme-inspired crypto efficiency.
