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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Bitcoin price may plummet to below $62,000
Bitcoin price action is repeating last week’s pattern of climbing towards range highs ahead of Donald Trump’s speech at a Bitcoin conference. Bitcoin may be in a “sentiment-driven” rally as the market builds momentum for an upcoming major news event.
Since the close of July 25, BTC prices have risen slightly by about 2%. BTC has rebounded strongly from the local low of $63,430 the previous day, similar to the trend of last weekend, showing an irrational upward momentum. The rebound was stronger than I expected yesterday and seemed quite impulsive. I had expected a corrective rebound and the price would fall back to around $62,000 or even lower. The market may continue to meet the needs of bulls and refuse to move further down.
Despite this possibility, the momentum of the current rally seems to indicate that we may have completed the second leg of the rally and are heading for new highs. We will continue to monitor price action, with BTC’s long-term price target of around $80,000, followed by a possible earnings consolidation phase that could see prices fall back to around current levels. Meanwhile, sentiment has been further boosted by the looming appearance of US presidential candidate Donald Trump at the Bitcoin 2024 conference in Nashville, with his pro-cryptocurrency policy plans. Trump’s comments are closely tied to a bullish outlook for the crypto market, and there are even rumors that he may consider including Bitcoin in the US strategic reserve if elected.
The total order volume in the BTC spot market remains bearish, setting $63,500 as an important support level for bulls, if this price fails, the latest upside signals on its two proprietary trading indicators will be invalidated.
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The market value of the top MEME coin exceeds 100 million
Recently, the market value of MEME coin PURR on Hyperliquid public chain exceeded 110 million US dollars, and Solana chain MEME coin ranked in the top ten, with great potential. But Hyperliquid is not only about MEME coin, but also aims to build the fastest blockchain infrastructure in the entire network. With the experience of high-frequency trading, the founder Jeff Yan's team transformed from a decentralized perpetual exchange to a high-performance L1 public chain to support an efficient decentralized trading ecosystem. The Hyperliquid mainnet can process 100,000 orders per second, and in the future it may reach millions of orders per second, becoming an industry benchmark. Its "application first, then foundation" strategy gradually builds a powerful L1 ecosystem by optimizing products such as DEX.
Hyperliquid refuses external financing and insists on independent development to ensure the ultimate product. It launched a points plan to give back to the community. Users can earn points through transactions and share the platform's revenue. This model attracts user participation, and the platform has earned $35 million in revenue, with a point market value of over $200 million. Although the MEME coin effect has not yet fully erupted, PURR, as the first HIP-1 standard token, has set off a small boom. With the improvement of the ecosystem and the issuance of governance tokens, Hyperliquid's MEME blue ocean potential is huge.
Today’s recommendations are CYBER, PYTH, BLZ, and QI.
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CYBER
CYBERcoin is a digital currency based on blockchain technology. Similar to cryptocurrencies such as Bitcoin, it is secure, anonymous and decentralized. CYBERcoin is a digital cryptocurrency based on a distributed network, using blockchain technology as the underlying technical architecture. It has been active in the market and has recently hit a record high, attracting a large number of investors. CYBERcoin is one of the top 100 digital currencies in terms of market value, with a large number of supporters and users. The current price is $4.253.
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PYTH
PYTH is the native token of Pyth Network, a decentralized oracle network designed to provide high-fidelity, sub-second, and cross-chain data sources for smart contracts. The maximum supply of PYTH is 10,000,000,000. With the continued growth of the DeFi sector and the increasing demand for reliable, real-time market data, Pyth Network and its native token PYTH have shown broad development prospects. PYTH is expected to become a bridge between DeFi and traditional finance, providing users with more diversified and reliable data support. The current price is $0.385.
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PAGE
BLZ token is the native token of Bluzelle platform, and its full name is Bluzelle Token. Bluzelle is a decentralized database network based on blockchain technology, which aims to provide efficient, scalable and secure data storage solutions for decentralized applications (DApps). BLZ coins can be used for transactions and payments on the Bluzelle network, such as purchasing database storage space and accessing data. The total supply is 1 billion, some of which are used for crowdfunding and private sales, some for team rewards and advisor rewards, and some are reserved for community governance and ecological construction. The current price is $0.175.
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QI
QI tokens, also often referred to as BENQI (QI) coins, are digital currencies that have attracted much attention in the field of decentralized finance (DeFi). QI tokens are the native tokens of the BENQI protocol, designed to empower and drive an efficient, transparent and easy-to-use decentralized liquidity market. QI token holders have the right to participate in the decision-making of the BENQI protocol, such as adjusting the fee structure, adding new asset support, and determining the future development roadmap. The current price is $0.159.
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. #比特币大会 #BTC☀ #PYTHUSDT📈 #BLZ #satx比特聪：
