Stacks (STX)
Stacks enables smart contracts and DeFi on the Bitcoin blockchain, leveraging Bitcoin as a settlement asset.
Recently, Stacks' price surged over 13.56%, driven by increased activity within its ecosystem. With a market cap exceeding $2 billion, $STX is the 32nd largest cryptocurrency.
Approaching the $2 resistance level, a breakthrough could see prices test the $2.50 mark.
Stacks' integration of smart contracts with Bitcoin’s security enhances investor confidence, positioning $STX as a key player in the crypto market.
JasmyCoin (JASMY)
JasmyCoin aims to create a decentralized data marketplace for IoT and Web3 applications, allowing users to securely manage and monetize their data.
Recently, JasmyCoin's price rose by 17% to $0.293, following a partnership with NOWPayments in Japan and a feature in Forbes.
The project is also locking up over 100 million $JASMY coins to reduce sell pressure. With a 328% increase over the last six months, JasmyCoin is poised for substantial growth.
Pepe Unchained (PEPU)
Pepe Unchained is a meme coin project that has gained attention for its innovative approach.
It operates as a Layer 2 blockchain focused on speed, security, and low transaction fees.
Following a successful ICO that raised $4.6 million, $PEPU tokens are currently priced at $0.0085618.
With 392 million tokens staked and an APY of 407%, Pepe Unchained offers significant monthly returns for new investors.
Combining meme culture with technological advancements, it aims to establish itself as a prominent market player.
Core (CORE)
Core acts as Solana’s primary liquidity aggregator for seamless token trading and is a decentralized blockchain network focused on scalability and security.
It supports diverse dApps and enhances interoperability between blockchains.
Recently, $CORE saw an 8.25% price increase in 24 hours and a 37.82% rise over the last week, currently priced at $1.03.
If the bullish trend continues, $CORE could hit resistance levels of $1.24 and $1.50.
The Meme Games (MGMES)
The Meme Games is a unique meme token blending meme culture with the excitement of the Olympics.
Launched recently, $MGMES is priced at $0.00905 during its presale.
The project features events like the 169-meter dash with iconic meme coin characters, offering rewards through staking with an impressive 1318% APY.
The presale ends on September 8, with the exchange launch on September 10.
With a vibrant community and engaging approach, The Meme Games is a promising option for meme coin enthusiasts.
##ETH_ETF_Approval_23July #Altcoinseason2024 #BinanceHODLerBANANA

Benjamin Cowen, the founder of Into The Cryptoverse, believes that the launch of Ethereum's spot ETFs will likely trigger a price dip rather than a rally, primarily due to Ethereum's supply issues.
Since April, Ethereum's supply has been increasing by about 60,000 ETH per month. If this trend continues, the supply will return to its September 2022 levels by December.
Cowen highlighted that the supply of ETH has risen by nearly 60,000 ETH in the last 30 days alone.
In contrast, from the Merge until April 2024, the supply had decreased by about 455,000 ETH, but it has since increased by around 150,000 ETH in just three months.
Currently, the supply is down by 298,000 ETH since the Merge, but at this rate, it will soon revert.
Cowen suggests that later this year, investors might focus more on the increasing supply rather than on monetary policy.
He also draws a parallel to 2016, when there was a fakeout below the lows in Q2 followed by a real capitulation in Q4, suggesting a similar pattern might occur this year.
Cowen also notes that the Federal Reserve's monetary policy is crucial.
During the last cycle, ETH/BTC broke support the same month the Fed cut rates.
The Fed is expected to cut rates again this September, similar to 2016.
Typically, Bitcoin dominance stalls in Q3 of halving years before a major rally in Q4, but this year, Bitcoin's dominance has been stronger.
Cowen observed that ETH/BTC in 2024 is following the 2019/2020 average, where the final low was not set until Q4.
In 2016, ETH/BTC hit lows in August, rallied in September, and then reversed course through the end of the year.
If ETH/USD follows this pattern, it could see a short-lived rebound before a dip in Q4, followed by a surge next year.
When the spot Bitcoin ETF launched, there was an initial surge followed by a sharp decline.
If Ethereum's spot ETFs follow a similar path, there might be an initial dip, a rebound, and then another drop before a significant surge next year.
So far, ETH/USD in 2024 has been closely tracking the 2016 pattern, suggesting a lower low for ETH/BTC later this year.
Cowen indicated that if ETH/BTC holds the May 2024 low by year-end, it could signal the low is in.
However, he also warned there is a decent chance that ETH/BTC will be lower than it is today in the next three to six months.
He concluded by advising caution, saying, "I think ETH/BTC will go up in 2025. Also, I get things wrong all the time so please hedge these views."

Bitcoin Price Analysis
Bitcoin (BTC) turned upward on July 19 after a mild pullback, reaching $67,083.
Despite the recent pullback, U.S.-based spot Bitcoin ETFs saw continued inflows on July 17 and 18, indicating cautious but not bearish market sentiment.
On-chain analytics firm Santiment reported a significant drop in Bitcoin wallet addresses with non-zero balances, suggesting potential for a rebound following mass liquidations.
Trading firm QCP Capital remained optimistic, noting Bitcoin's resilience despite equity market weakness and the potential Mt. Gox supply.
Bitcoin's recovery faced resistance at $66,128 on July 17, but the price did not fall below the 50-day SMA ($63,806), indicating strong buying on minor dips.
The 20-day SMA ($60,380) has turned up, and the RSI is positive, suggesting bullish momentum. If the price stays above $66,128, it could rally to $70,000.
However, a break below the 50-day SMA could lead to a drop to the 20-day SMA.
Ether Price Analysis
Ether (ETH) rose above the 50-day SMA ($3,441) on July 19, signaling a potential recovery.
If the price stays above this level, the ETH/USDT pair could rally to $3,730, and possibly $4,000.
A drop below $3,346, however, could lead to a fall to the 20-day SMA ($3,235) and potentially retest the support at $2,850.
BNB Price Analysis
BNB surged above the 50-day SMA ($586) on July 19.
If the price remains above this level, the BNB/USDT pair could reach $635, with potential resistance at $722.
A drop below the 20-day SMA ($545) could lead to a range-bound action between $460 and $635.
Solana Price Analysis
Solana (SOL) broke above the downtrend line of its descending triangle pattern, indicating strong demand.
The 20-day SMA ($145) is rising, and the RSI is positive.
A sustained break above the downtrend line could lead to a rally to $180 and $210.
A drop below the moving averages could result in more time within the triangle.
XRP Price Analysis
XRP fell from $0.64 on July 18, but aggressive buying at lower levels kept it above the breakout level of $0.57.
The bullish crossover in moving averages and positive RSI suggest an upward trend.
If XRP remains above $0.57, it could retest $0.64.
A drop below $0.51 could lead to a decline to the 20-day SMA ($0.49).
Dogecoin Price Analysis
Dogecoin (DOGE) faced resistance at the 50-day SMA ($0.13) but found support at the 20-day SMA ($0.11).
A successful break above the 50-day SMA could lead to a rally to $0.15 and $0.18. Failure to break above could result in a drop to $0.10.
Toncoin Price Analysis
Toncoin (TON) is consolidating between $6.77 and $8.29.
Despite a dip below the 50-day SMA ($7.34), there was no aggressive selling.
A rise above the moving averages could lead to a rally to $7.72 and $8.29.
Cardano Price Analysis
Cardano (ADA) bounced off the moving averages on July 19. If it breaks above $0.46, it could rally to $0.52 and $0.57.
A drop below the moving averages could lead to declines to $0.35 and the support line of the channel.
Avalanche Price Analysis
Avalanche (AVAX) is stuck between its moving averages, suggesting a tussle between bulls and bears.
The 20-day SMA ($26.75) is flat, and the RSI is neutral, indicating potential range-bound action between $29 and $24.
A break above $29 could lead to a rally to $34 and $37.
Shiba Inu Price Analysis
Shiba Inu (SHIB) fell from $0.000020 on July 17 to the 20-day SMA ($0.000017) on July 18.
A rebound off the 20-day SMA could lead to another attempt to break $0.000020, potentially starting a rally to $0.000026.
A drop below the 20-day SMA could result in a range between $0.000020 and $0.000012.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat

Timothy Peterson Predicts Bitcoin Surge to $71,000 Amid Election Year Volatility
Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, recently posted an in-depth analysis suggesting that Bitcoin may surpass its all-time high and reach $71,000 by Q4.
He emphasizes the strong correlation between high-yield (HY) corporate bond rates and Bitcoin prices, noting that changes in these rates can reflect broader investor sentiment and risk tolerance.
HY Rates and Bitcoin Correlation
Peterson’s analysis is supported by two key charts.
The first chart shows a positive correlation between HY rates and Bitcoin prices, indicating that as HY rates increase, so does Bitcoin.
This suggests that higher risk appetites in the bond market, shown by increasing HY rates, could lead to more investments in riskier assets like Bitcoin.
The exponential trend line in the chart further supports this relationship.
The second chart reinforces this observation, displaying similar trends in the price movements of HY bonds and Bitcoin over time.
According to Peterson, the ICE BofA US High Yield Index Effective Yield is particularly indicative of Bitcoin’s price movements, noting that Bitcoin prices tend to rise significantly when this rate falls.
Peterson highlights that markets are generally “flat and volatile” between September and October, and with the upcoming U.S. election, uncertainty will be heightened through October, leading up to election day on November 4.
Bitcoin’s Correction Phase and Market Sentiment
Bitcoin’s price has been in its largest correction phase following substantial gains since the start of last year.
The mainstream adoption of Web3 protocols and digital assets, driven by institutional investors, has significantly boosted overall crypto liquidity and bullish sentiments.
Short-term Bitcoin Price Forecast
In another post, Peterson presents a short-term trading cycle for Bitcoin, showing a median 6-month forward return of +59% when a specific indicator is below -20%.
Based on this metric, he predicts that Bitcoin could reach $100,000 by January.
However, he notes that for a sustainable all-time high to be achieved, the U.S. high-yield rate needs to drop below 6 or 7%.
Currently, the U.S. high-yield rate for riskier corporate bonds stands at 7.16%, according to YCharts.
Bullish Outlook for Bitcoin
The probability of a bullish continuation later this year, amid the U.S. general election and anticipated interest rate cuts, remains relatively high.
As the market navigates these developments, the future of Bitcoin and the broader crypto market continues to capture the attention of investors and analysts alike.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat