As of this writing, the price of Bitcoin has dropped from around $67,000 to $64,300. The reason for this is the recent announcement regarding MtGox. Kraken has largely completed refunds, but this is not the last exchange to do so.
The reason is Bitstamp’s statement. According to the exchange’s statement, the assets have been received and they will complete the return soon. A separate announcement will be made after the refund is completed. Another source announced that the refund will be made on July 25.
Three dark horse currencies that are about to soar in the bull market
Maker（MKR）
Reason: Huge growth potential, but highly affected by cycles
The Bankless analysis team is neutral on MKR's subsequent performance. If the crypto bull run continues, investors may recognize Maker's huge growth potential, but may also face the risk of losses during market downturns, especially in the event of Ethena's bankruptcy.
Maker currently generates $281 million in annualized fee revenue, making it one of the most valuable cryptocurrencies. If the crypto market continues to grow in the future, its current fully diluted price-to-sales ratio of 9.6 times is not too high.
Instadapp（INST）
Reason: The introduction of new features gives it an advantage in the DeFi competition
The Bankless analysis team believes that INST may outperform the market as crypto investors seek alternatives to tokens with no real value, while Fluid's push could increase Instadapp's adoption and revenue.
In June and July, previously poorly performing DeFi tokens began to attract the attention of cryptocurrency traders because of real revenue and real fundamentals, and Instadapp was one of them.
Stacks（STX）
Reason: Fundamentals are improving, but there is a risk of being defined as a security
From 2017 to 2019, Hiro Systems (formerly Blockstack) raised $70 million through token sales; it conducted its first SEC-qualified public token sale in 2019 through a Reg A+ offering, and sold tokens to accredited investors and international investors under the Reg D and S exemptions, respectively, during this period.
After Stack transitioned to a decentralized proof-of-transfer consensus mechanism, Hiro Systems filed an application with the SEC in January 2021 stating that it would no longer provide "basic management services for the Stacks blockchain" in an effort to free STX from suspicion of being a security.
