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
Optimism permeates the Bitcoin market
Bitcoin prices rebounded strongly on August 8 due to positive signals from the crypto market and the strong performance of the U.S. labor market, rising from a low of $54,748 to nearly $60,000, an increase of about 9%, and a single-day increase of more than $5,100. Despite price fluctuations, the overall upward trend is significant. So, what factors are driving Bitcoin’s strong performance today?
First, the US economic data boosted confidence and eased recession concerns. The US labor market data released on August 5 became the focus of the market. The data showed that the number of initial jobless claims fell from a recent high, far below economists' expectations, indicating that the US economy may not have fallen into recession as the market had previously worried.
Secondly, short liquidations helped the rise, and market sentiment turned positive. On the eve of Bitcoin's rise, large-scale short liquidations occurred in the cryptocurrency futures market. In the past 24 hours, short liquidations exceeded US$114 million, far exceeding long liquidations, showing the rapid collapse of short forces. The increase in Bitcoin futures open interest (OI) and funding rates also reflects that traders are beginning to take risks again, and market sentiment is gradually turning optimistic.
Finally, whales are actively buying, and the market bottom may have been confirmed. The BTC balance on exchanges has dropped to a five-year low, indicating that the market bottom may have been confirmed and investors are optimistic about future price increases. In the future, as the market environment continues to improve and investor confidence continues to increase, crypto assets such as Bitcoin are expected to start a new round of rising cycles.
2
Russia’s Crypto Policy Shift Takes a Turn
Western economic sanctions against Russia, especially financial blockades, have prompted the Russian government to reassess the economic potential of cryptocurrencies. Faced with sanctions, Russia believes that cryptocurrencies and blockchain technology can bypass the traditional financial system and promote economic activities and capital flows. Therefore, the policy has shifted from restriction to active use, and cryptocurrencies are seen as the key to maintaining financial sovereignty, promoting economic diversification, and responding to external pressure. To this end, Russia actively promotes the legalization of cryptocurrency mining, aiming to attract investment and develop its digital economy.
Competition between countries has prompted Russia to adjust its cryptocurrency policy in order to take a leading position in the global blockchain and cryptocurrency fields. Russia is unwilling to fall behind and is enhancing its competitiveness in the global digital economy by strengthening supervision and promoting the development of related industries. The Russian-Ukrainian conflict, sanctions pressure, and the government's new understanding of cryptocurrency and blockchain technology have jointly contributed to the introduction of Russia's cryptocurrency mining legalization policy. In the future, as policies improve and the market matures, Russia will play a more important role in the global digital economy.
Today’s recommendations are GFT, ASR, XAI, and BB.
1
GFT
Gifto's GFT coin (Giftcoin) is a token based on the Gifting Protocol on the Ethereum blockchain. It was originally one of the application tokens launched on Binance Launchpad, aiming to expand the Gifto ecosystem, including Web3 wallets on the BNB chain, blockchain games and other mass consumer applications. GFT coin is a digital currency based on blockchain technology with a variety of different application scenarios and purposes. It may be used as a solution for global payments and cross-border transactions, or it may be used to promote the development of charity and public welfare, or as the native token of the Gifto platform to support gift giving and trading. The current price is 0.0276 USD.
2
ASR
ASR coin, full name AS Roma Fan Token (ASR), is a fan token of AS Roma Football Club based on Chiliz Chain. ASR holders can vote on various binding "fan decisions" issued by AS Roma Football Club through smart contracts. These decisions may include jersey design, bus design, official team motto, etc. In the future, ASR can be staked to earn non-fungible token (NFT) rewards. ASR fan token holders will have VIP access to all home league, cup and European competitions, as well as the opportunity to participate in other premium activities of the club. The current price is $2.086.
3
XI
The Xai platform was developed by Offchain Labs using Arbitrum technology and is a blockchain platform customized for the gaming industry. AI coins are primarily used as gas tokens to facilitate transactions on the XAI blockchain. As a reward for validating nodes that verify transactions in the network. In the gaming ecosystem, XAI is considered the main token and can be used as a means of payment for games and in-game items. Users can stake XAI to obtain esXAI, and then participate in governance, access exclusive events and experiences in games connected to the Xai platform, or earn higher returns if they operate Xai nodes. The current price is $0.229.
4
BB
BB coin is the native token of the BounceBit platform, and its full name is BounceBit. BounceBit is a BTC re-pledge chain designed specifically for Bitcoin, compatible with the Ethereum Virtual Machine (EVM), and provides an infrastructure that transforms Bitcoin from a passive asset to an active participant in the crypto ecosystem. The BounceBit project is committed to bringing the combined advantages of transparent CeFi and DeFi to the public, enabling BTC holders to earn income from multiple sources through the CeFi+DeFi framework. The current price is $0.327.
Club Recommendation Review
1.【ETH】
Facing yesterday's plunge, I guess everyone was dizzy. But for such a market, the most important thing we need to understand is that although the market is falling like this, the bull market in the big cycle is still there. Only if we firmly believe in this point, before the big bull market comes, such a decline will only be gradually forgotten by us. After analysis, the club also recommends that everyone can buy the bottom of ETH around 2150-2250. The lowest price of ETH also fell to 2111, which was perfectly received. With the rebound of the market today, it also confirms the judgment of the club. The current price has come to around 2485, which is 15% higher than the club's bottom position. The long orders held have achieved 12 times the profit.
We can hold such low-priced chips for a long time, and we welcome everyone to join the club to obtain more bargain-hunting targets.
2.【STORAGE】
Storj Labs' acquisition of GPU cloud company Valdi is a big positive. Storj is a storage company, and its transformation into AI has completed the empowerment of depin+AI. The club recommends building a position at 0.3468, and STORJ has reached a high of 0.50, an increase of 40%.
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.
#TON #XAIUSDT #BB
#ASR.智能策略库🥇🥇 #BTC走势分析 $BB
