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.
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Bitcoin may see a strong rebound in July
Bitcoin is trending towards strong performance in July, but Mt. Gox is dampening optimism about recovery. After Bitcoin experienced a weak performance in June, falling nearly 7%, the market generally expected it to rebound strongly in July. Past data shows that whenever June ends in a downtrend, Bitcoin usually sees a significant rise in the following July, with a historical average gain of 7.42%.
However, things may be different this year as the market faces multiple challenges. While Bitcoin has recorded significant gains in the first few weeks of July for the past six years, the market situation this year is more complicated. The German government’s massive sale of Bitcoin and Mt. Gox’s repayment plan could put pressure on Bitcoin prices.
The news that Mt. Gox is expected to repay about $8.5 billion in BTC to creditors starting in the first week of July has added to market uncertainty. The impact of Mt. Gox's repayment may not be as severe as many investors expect. Only about $4 billion in Bitcoin will enter the spot market, which has limited impact on the overall Bitcoin market.
Despite these challenges, Jonathan de Wet, chief investment officer at digital asset trading firm ZeroCap, remains optimistic about the future of Bitcoin. He said that despite the headwinds, Bitcoin has been trading strongly in the low-to-mid-$60,000 price range. He expects the asset to remain around this level but warned that Bitcoin prices could fall to "critical support" levels around $57,000 in the coming weeks as Mt. Gox creditor repayments enter the market. Overall, despite the multiple challenges facing the market, the possibility of a strong rebound in Bitcoin in July remains. Investors need to pay close attention to market dynamics in order to seize opportunities in price fluctuations.
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FET token merger begins first phase
FET will be merged with AGIX and OCEAN tokens in the first phase at 23:00 today, first converted to FET and then transitioned to ASI tokens. The specific merger plan is: all FET, OCEAN and AGIX tokens will be replaced with ASI tokens at the following ratios: 1 FET = 1 ASI; 1 OCEAN = 0.433226 ASI; 1 AGIX = 0.433350 ASI. This means that FET, AGIX and OCEAN token holders will receive ASI tokens as their new tokens according to these ratios.
The second stage is the cross-chain deployment of ASI tokens. The FET network is upgraded to the ASI network. The migration contract from FET, AGIX, OCEAN to ASI is opened, EVM and other bridges are opened, and trading platforms begin to migrate from FET to ASI's spot market.
Today’s recommendations are LINA, CTXC, MINA, and CTX.
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LINA
LINA is a cryptocurrency developed by the LINA network, which aims to use blockchain technology to achieve decentralized value transmission. Its price is affected by many factors such as market demand, overall trend of the cryptocurrency market, and changes in policies and regulations. LINA was issued on September 17, 2020, with a maximum circulation of 10 billion. The current total circulation is about 6.231 billion, with a circulation rate of 62.31%. The current price is 0.0062 USD.
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CTXC
CTXC coin, also known as Cortex coin, is the native token of the Cortex project. Cortex is an AI computing power sharing platform based on blockchain technology. By combining blockchain and AI algorithms, the platform realizes decentralized AI model training and AI application promotion. The total issuance of CTXC coins is 50 million, and there is no plan to increase the issuance at present. The current price is 0.181 US dollars.
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MINE
MINA coin is a cryptocurrency that aims to provide an efficient and secure decentralized network through its unique blockchain architecture. Mina is considered the lightest blockchain in the world because it uses zero-knowledge proofs to keep the size of the blockchain constant regardless of the size of the network. On July 1, 2024, the market value of MINA coin is approximately 580 million, and the current price is 0.544.
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CTX
CTX coin, also known as CTX (Cryptex Finance) coin, is the native token of the Cryptex Finance project. Cryptex Finance is a blockchain-based platform focused on building innovative open-source financial products for the global Crypto community. The circulating supply of CTX coins may reach 5.9612 million, while the total supply may reach 10.000 million. But at another point in time, the circulating supply of CTX coins may reach 300 million, while the total supply is 1 billion. The current price is $2.571.
Club Recommendation Review
1.【acre】
Akro, as a leader in the Defi sector, has recently topped the list of gains again. Recently, many currencies in the Defi sector, such as Beta and Lever, have emerged and occupied a prominent position in the list of gains. For Akro, a small-cap currency that has no contracts on BN, our team gave a clear holding suggestion in the afternoon survey, that is, buy at around 0.0047. Soon after, Akro ushered in a wave of rapid growth, and the current price has climbed to 0.0056, an increase of more than 15%. We have once again successfully grasped the pulse of the market and accurately captured the hot spots.
2.【RAY】
Like AKRO, RAY is also a token project on Binance that only has spot but no contracts. As expected, this type of token is the easiest to rise, and you can also look for potential targets to ambush in this way. The club found that RAY has been consolidating at the bottom for too long and has signs of rising, so it chose to ambush. It is recommended to open a position at 1.5, and the highest rise is 1.81, an increase of more than 20%.
Anything produced by Wujie must be of high quality.
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. A-li is with you. I wish you a happy life. Good morning, good afternoon, good night, and see you next time. #MiCA #US_Inflation_Easing_Alert #MtGoxJulyRepayments #BTC☀ #Ctxcusdt
