BTC dropped 7,000 dollars and fell below the 60,000 mark!
Is it a correction before the interest rate cut? Or is it a precursor to a bear market?
At 6 o'clock this morning, the price of Bitcoin fell directly to 58,034. Why did it fall so badly? The main reason is that An An's wallet address transferred 30,000 BTC, and it is hard not to suspect that it was a sell-off. However, it was not, but it caused a lot of panic and fell directly to around 58,000. However, BTC has a strong support level at 58,000 points, and it is still difficult to break it. You can make a small long order at 58,400-58,600, and take profit at 60,000 or 61,000.
Let's take a look at G. There is a strong support level at 3700. You can try to enter the market with a long order. G has good potential. You can wait and see for profit. Let's talk about why we are optimistic about G.
1. G token is the native token of the Gravity network. It will be used to promote governance decisions, serve as the network's gas token, and serve as a growth incentive and payment method within the Galxe ecosystem. The Gravity mainnet is scheduled to be launched in the second quarter of 2025. Binance has completed the swap of Galxe (GAL) tokens to Gracity network (G) tokens and opened the recharge and reminder business of the new G tokens. In addition, Celer's cBridge now supports the Gravity network, enabling the transfer of G tokens between Gravity and other networks such as Ethereum.
2. Rights of G token holders: Coin holders can participate in the governance of the Gravity network, stake to protect network security and receive rewards, use G tokens as gas fees for network transactions, and pay for related services in the Galxe ecosystem. As the Gravity network develops and the ecosystem expands, the rights and uses of G tokens will increase further.
3. The future of Gravity As a cross-chain interoperability protocol, Gravity has reached cooperation with multiple networks, including Waves, Binance Smart Chain (BSC), Tron and IOST, which help expand its ecosystem and increase the utility and liquidity of the network. As Web3.0 technology develops and the demand for cross-chain solutions grows, Gravuty will play an important role in facilitating the exchange of assets and data between different blockchains.
As the Gravity network matures and the ecosystem develops, Galxe's future prospects will also be brilliant.
