Yesterday, BTC rose slightly 📈, and fell rapidly in the early morning 📉. There was no negative news in the fundamentals, and deleveraging operations were more obvious. Pay attention to the support level of 58,000. The daily trend has not broken yet, and there is still room for rebound during the day. You can follow up appropriately. If it falls below 58,000 and a large negative line of more than 30 minutes appears, exit in time. Yesterday's daily upper shadow is not a very good signal. Be cautious on the eve of the interest rate cut. There is a probability of falling first and then rising 1 to 2 months before the start of the interest rate cut cycle. This is the case for every round of interest rate cuts, but the big cycle is absolutely beneficial. Wait patiently. The expectation of a 50 basis point interest rate cut in September has declined, and the trend of the big cycle has not changed. The bull market is still alive.
The copycat sector is consolidating synchronously with the mainstream. Those who have no G positions can start to buy them one by one. When it rises to 0.045, clear the positions and leave the market. There will be great news in September, and the project party is very powerful.
Gravity is a first-layer full-chain smart contract platform that provides a more efficient, scalable and secure mechanism to manage complex cross-chain interactions with minimal friction. With this solution, Gravity is expected to increase user and developer interactions in Web3 while supporting the complexity and scalability required for mass adoption.
At launch, Gravity will be integrated into the Galxe ecosystem and our existing suite of products - Quest, Compass, Passport, Score, Alva, and Identity Protocol. With this integration, Gravity is expected to have over 60 million transactions per month, which is twice that of Ethereum. This integration is infrastructure that enables projects to access a massive user base, thereby increasing their activity and visibility.
Rights of G token holders: Holders can participate in the governance of the Gravity network, stake to protect network security and receive rewards, and participate in financial management with an annual interest rate of up to 29.9% (available in the Binance Financial Management section). As the network develops and the ecosystem expands, the rights and uses of G token holders will increase further.
Gravity's future prospects: As a cross-chain interoperability protocol, Gravity has reached cooperation with multiple networks, including Waves, Binance Smart Chain (BSC), Tron and IOST, which helps the development of the ecosystem and increases network utility and liquidity. As Web3.0 technology matures, Gravity will play a huge role in facilitating the exchange of assets and data between different blockchains.
The future of Galxe: Gravity is a full-chain network launched by Galxe. Its launch is divided into two phases, of which the Alpha mainnet was launched in June 2024, and the mainnet is scheduled to be launched in the second quarter of 2025. Gravity features include cross-chain transactions, efficient verification, enhanced user experience and high-performance execution, as well as a secure PoS mechanism and EVM compatibility. These features will allow Gravity to occupy an important position in the future web3 ecosystem, promoting interoperability between different blockchains and simplifying user experience. With the maturity of the Gravity network and the development of the ecosystem, Galxe will surely have a bright future. $G $BTC
