Market trend:
The price of Bitcoin rose, breaking through the previous high of $65,000. Strong currencies in the market pulled back first, while stagnant currencies began to catch up. Zoo projects became active, and market risks increased. The US stock market performed well, and the US second quarter GDP data exceeded expectations. At the same time, A shares rose sharply, and the central bank implemented a policy of reducing the reserve requirement ratio and interest rates.
Market hot spots:
1. Meme coins such as SHIB, PEPE, BONK, BRETT, etc. have seen a rebound; projects on the Solana chain such as the hippo Mooden, the penguin Pesto, the toad OmOchi, etc. have continued to rise, and the zoo market has returned again.
2. Stablecoin project ENA rose due to its cooperation with Blackstone Group to launch a new stablecoin USTB.
3. Cross-chain bridges AXL, ZRO, W and other stagnant inflation varieties have seen a rebound, and the market sector rotation has entered the later stage.
4. The price of TON game HMSTR was halved despite its high valuation, and projects such as Cati in its ecosystem also fell accordingly.
5. Strong currencies such as NEIRO, SUI, TAO, etc. that led the market in the early stage began to adjust and showed signs of decline.
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WLD
Worldcoin (WLD) continues to grow, rising for three consecutive days as its services expand to more countries. The coin recently tested the $2 resistance level, hitting its highest point since early August and up 54% from its lowest level in the month.
Developers have introduced World ID to new regions such as Guatemala, Malaysia, and Poland, and expanded its presence in countries such as Argentina, Chile, Austria, Mexico, and the U.S. The expansion has resulted in more than 6.7 million World ID verifications, with 155,000 new accounts registered in the past week.
Additionally, wallet activity has surged, with total wallet transactions reaching 142 million and daily transactions approaching 400,000. Worldcoin is currently priced at $2.06, up 10.48% in the past 24 hours and 21% in the past year.
Technical indicators remain positive, with 19 of several key indicators indicating bullish momentum. This growth, coupled with significant upward price action on 16 of the past 30 days, indicates the coin’s underlying strength. However, as always, price trends should be watched closely.
TON
The recent surge in the value of the native token of Telegram Open Network (TON) has attracted attention, especially considering the regulatory challenges Telegram is currently facing. Despite these pressures, the price of TON has risen by 6%, reflecting the resilience of cryptocurrencies in uncertain times.
Telegram and its CEO Pavel Durov have been in the spotlight for legal disputes and regulatory scrutiny. A key issue stems from the abuse of Telegram’s search feature, which some users use to conduct illegal activities, such as selling illegal goods. In response, Durov announced an update to the platform’s moderation policy through his personal Telegram channel.
Despite these challenges, TON has shown significant growth. Recently, the coin’s market cap increased by 6.37% in 24 hours and by 5.17% in the past week. Currently, TON is trading at $5.77, reflecting a rise of 0.90% over the past 24 hours.
APE
ApeCoin has recently attracted attention mainly due to its plans to launch ApeChain, a second-layer network designed to facilitate the development of decentralized applications (dApps). The platform aims to simplify the creation and distribution of digital content, tools, and services. Its goal is to provide developers with a more accessible platform to build decentralized applications while improving the user experience and onboarding process.
In addition, ApeCoin also features Reboot Protocol and Native Yield, which the project claims will make dApp development simpler and potentially more profitable. These tools are expected to optimize the way developers create applications by integrating yield-generating mechanisms directly into the platform, reducing complexity and increasing potential earnings.
From a market perspective, ApeCoin is currently trading at $0.8446, having gained 1.67% in the past 24 hours. ApeCoin has shown a bullish trend over the past week, reaching as high as $0.89, its highest level since August. Additionally, ApeCoin has been trending up 15 out of the past 30 days, showing a positive momentum of 50%.
ApeChain's upcoming launch and strategic partnerships with leading companies are expected to enhance the platform's usability, further boosting its adoption. The APE token's focus on web3, its broad application potential, and its integration of innovative tools make it one of the most worthy cryptocurrencies to invest in today.
