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.
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Crypto Market Carnival: Bitcoin hits new high
The price of Bitcoin has surged to a one-month high of nearly $67,000 as various bullish factors converge to push the cryptocurrency higher. On July 19, the Bitcoin market experienced a strong rally, with prices climbing above $3,000 in four hours, driving overall volatility in the cryptocurrency market, with BTC/USD rising from $63,303 to $66,506, and short traders suffering heavy losses. As of now, BTC/USD on the Bitstamp platform has hit an intraday high of $66,773, and the gains are still continuing.
This indicates that Bitcoin's uptrend is intact and bulls are gradually taking control of the market. The market has been on an upward trend this week, and Bitcoin prices briefly rose after the assassination attempt on Trump. The rebound on July 19 led to the liquidation of a large number of short positions, with a total loss of up to $131.65 million, indicating that there is volatility and liquidation risk in the market in the short term.
Retail demand for Bitcoin has fallen to a three-year low, reflecting current market sentiment. While continued inflows into Bitcoin investment products indicate that institutional investors are the main source of current BTC demand, retail investors, a key factor driving the Bitcoin bull run, have yet to return to the market. CryptoQuant’s chart data supports this observation, showing that retail demand has continued to decline since Bitcoin hit a record high in March this year. Market analysts are optimistic that Bitcoin may usher in stronger growth once retail investors rejoin, predicting that Bitcoin prices may exceed $200,000 in the long term.
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Trump may support BTC at next week’s Bitcoin conference
Trump may announce BTC as a strategic reserve asset for the United States at the Bitcoin Conference next week. Former US President Donald Trump is rumored to make a groundbreaking statement at the upcoming 2024 Bitcoin Conference, planning to make Bitcoin (BTC) a strategic reserve asset for the United States. This rumor has not been officially confirmed by Trump or his team, but it has attracted widespread attention in the industry. It is reported that the Bitcoin Conference will be held in Nashville, Tennessee, from July 25 to 27, and Trump will attend and deliver a speech on the last day.
Meanwhile, the Bitcoin Conference is expected to see record attendance and revenue. Conference organizers are stepping up security measures to prepare for the upcoming event. Trump's attendance has also attracted widespread attention from the political and business communities and is expected to attract a large number of supporters and investors. During the conference, Trump will also hold a campaign fundraiser to raise funds for the upcoming election.
The proposal of Bitcoin as a strategic reserve asset will undoubtedly have a profound impact on the field of digital currency. So in the next few days, we will pay close attention to the progress of the Bitcoin Conference and the content of Trump's speech.
Today's recommendations are IO, MINA, ID, and UFT.
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IO
IO coin is the native token of io.net, which aims to simplify economic exchanges within its ecosystem. io.net is an innovative cloud computing project that integrates artificial intelligence (AI), decentralized finance (DeFi), and the Solana blockchain. Specifically, io.net provides engineers with a large amount of computing power, especially for projects in the field of artificial intelligence and machine learning, by integrating GPUs (graphics processing units) from underutilized resources around the world (such as independent data centers, crypto miners, etc.) into the decentralized physical infrastructure network (DePIN). IO tokens are about to take off, so you can ambush them. The current price is $3.071.
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MINE
MINA is a lightweight blockchain cryptocurrency based on zero-knowledge proof (zk-SNARKs) technology. It aims to solve the storage and scalability problems faced by traditional blockchains while providing higher privacy protection, security and energy efficiency. MINA also combines the advantages of blockchain and smart contracts, supports the creation of automatically running decentralized applications (DApps) on the MINA network, and greatly expands the application scenarios and scope of digital currency. MINA has great potential to become a disruptor in the blockchain industry. The current price is $0.567.
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ID
As a digital currency based on blockchain technology, ID coin has unlimited investment value and potential. The application scenarios are very wide, including but not limited to digital identity authentication, digital asset transactions and decentralized applications. With the support of ID chain, it can realize decentralized and tamper-proof digital identity authentication, ensuring the security and credibility of the user's digital identity information. As a digital currency based on blockchain technology, it has unlimited investment value and potential. Its technical support comes from ID chain, the community is highly active, and it has a large number of users and supporters, which provides a solid foundation for the promotion and ecological construction of ID coin. The current price is 0.489 USD.
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UFT
UFT coin, full name UniLend Finance, is a decentralized digital cryptocurrency based on blockchain technology, released by the UFT team. UFT coin is the ERC-20 native functional token of the UniLend platform. UniLend is a decentralized DeFi protocol that does not require authorization, combining spot trading services, currency markets and lending services through smart contracts. The goal of the UFT team is to improve the efficiency of the financial field by closely integrating traditional financial markets with digital financial markets, and to help companies and investors achieve capital circulation efficiency and scalability on a global scale. The current price is $0.283.
Review of club recommendations
1.【PEPE，WIF】
When the market rebounds, meme coins are always the fastest to take action. After in-depth analysis and research, we recommend entering the market at a price point of 0.0000059, and the performance of Pepe tokens has exceeded our expectations, rising to a maximum of 0.00001208, an increase of 40.13%! The performance of Pepe tokens exceeded everyone's expectations.
WIF is most likely to become Sol's Golden Dog meme. The club recommends a layout around 1.7. The highest was around 2.23, an increase of 31.7%.
2.【RAY】
RAY is also a very good target. At the beginning, the club found this target because it only has spot but no contracts on Binance. Generally speaking, this kind of currency is easier to be pulled up. You can also look for currencies on Binance that only have spot but no contracts and pay more attention to them. Secondly, RAY itself is also a DEX on Solana. Recently, the meme golden dogs on Solana have frequently exploded, which has increased the usage rate of these DEXs, and it is also a big benefit for its tokens. As Solana strengthens, its ecological projects are also worthy of attention. The RAY club recommended that everyone build a position and ambush at 1.5, and the highest price rose to 2.5239, an increase of nearly 70%.
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. A-li is with you. I wish you a happy life. Good morning, good afternoon, good night, and see you next time. #IOTAUSDT #uft #mina #币安HODLer空投BANANA #以太坊ETF批准预期
