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.
1
AI three coins join forces, with an increase of more than 20% attracting attention
The merger of three AI coins, with a collective increase of more than 20%, refers to the merger of three important tokens in the field of artificial intelligence - Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX). After the news of the merger came out, the market prices of these three tokens collectively rose by more than 20%.
Specifically, the three projects plan to merge into a new entity called the Alliance of Artificial Super Intelligence (ASI). After the merger, these tokens will stop trading independently and will be uniformly converted to ASI tokens. Each token has its own exchange ratio to ensure fair conversion. For example, FET will be converted to ASI tokens at a ratio of 1:1, while AGIX and OCEAN will be converted at specific ratios (such as 0.433350:1 and 0.433226:1).
In addition, the merger plan has boosted market confidence in Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX), as they will form a more powerful AI platform, driving technology integration and market expansion. Investors see the potential value and actively buy, driving token prices up. To ensure a smooth merger, Binance will suspend deposits and withdrawals for these three tokens on July 1, 2024. Investors need to complete deposits in advance to avoid losses. After the merger, the new token ASI will replace the original tokens on the Binance platform.
2
Can Bitcoin Hold the $70 Level?
A large number of short positions in Bitcoin will be wiped out if Bitcoin returns to $70,000, a price level not seen in 12 days. Bitcoin short sellers are currently anxious, fearing that the asset price will return to $70,000 in the short term, resulting in huge liquidations. If Bitcoin rises back to this price, $1.67 billion of short positions will face liquidation. The current market sentiment is optimistic and the rebound is imminent. Although Bitcoin open interest has fallen, market interest remains strong.
A drop in open interest could mean that the market is going through a short-term correction, whereas an increase in open interest highlights increased market participation. In particular, Bitcoin’s open interest surged to over $2 billion in early June, which caused concern among traders. Whether Bitcoin can break through its all-time highs, large-scale liquidations could be the catalyst for Bitcoin to achieve this goal. There are still a lot of liquidations to go through before we clear all obstacles for the next leg of the rally. Although it sounds a bit harsh, Bitcoin is unlikely to easily break through its all-time highs before experiencing more ‘pain and boredom’ moments. The current market is in the ‘boring zone’, which is the only way to the ‘banana zone’ (i.e. the price surge area).
Today’s recommendations are AI, REZ, and PYTH.
AI
AI Coin is a digital currency based on blockchain technology. Its full name is Artificial Intelligence Coin. It is closely related to artificial intelligence technology and aims to use the power of artificial intelligence to improve blockchain technology and its application areas. AI Coin is a completely decentralized system that is not controlled by governments, financial institutions or companies. Anyone can mine, hold or trade with a computer. The current price is $0.74.
REZ
REZ is the token of the Renzo platform, a liquidity re-pledge protocol designed to connect users to the EigenLayer ecosystem. REZ has a certain liquidity and trading activity in the cryptocurrency market. As a liquidity re-pledge protocol, Renzo allows users to participate more actively in pledge, and its role as a strategy manager helps manage the pledged assets on EigenLayer. The current price is $0.108.
PYTH
PYTH coin is the native token of Pyth Network, a decentralized oracle network that provides high-fidelity, sub-second, and cross-chain data feeds for smart contracts, aiming to solve data quality, availability, and consumption issues in the decentralized finance (DeFi) space and beyond.
PYTH coins have multiple uses within PythNetwork, including for staking and governance, creating strong demand potential for stakeholders who want to influence the future direction of the protocol. The current price is $0.273.
Club Recommendation Review
1.【ZK】
zk, although zk encountered resistance from many people after its launch, judging from the fact that both Binance and OKX were launched, zk’s strength is still there. As the most used dapp in L2, the club still sees the strength of zk.
The club chose to let everyone build positions when zk was at 1.89. The highest point was 0.24, an increase of 26%.
2.【arkm】
Regarding arkm’s short-term long strategy, the club recommends making arrangements when the price is around 1.7. The highest price rose to 1.9, an increase of 10%. A 20-fold long order has already made a profit of 95%.
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 far. Ali is with you and wishes you a happy life. Good morning, good afternoon, good night, and see you next time.
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