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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$56.5K is the key point for Bitcoin to defend its rise in June
A plethora of potential BTC price action triggers are set to occur this week, with Bitcoin market participants eyeing the most critical support areas.
If Bitcoin falls below the critical support level of $56,500 at the end of June, then it could lose its overall uptrend. BTC/USD has hit its lowest level since early May this week, and these old lows are now in the spotlight. Market pressure could increase further by the end of this week, especially considering that the weekly, monthly, and quarterly closes will all be revealed on the same day. If bears gain the upper hand, the $56,500 level from seven weeks ago will form an important bottom area that buyers need to defend to maintain Bitcoin's uptrend.
Bitcoin has experienced some volatility this week, but appears to be recovering steadily. However, there is still uncertainty in the market and there is a chance that the price will test the lows again before Sunday. But as long as the monthly trading close can remain above the key support level, we can expect Bitcoin's uptrend to be maintained. With the market ushering in a series of important events such as the presidential debate, the release of new inflation data, and the settlement of transactions at multiple key points, market volatility may increase.
At the same time, Bitcoin traders are also closely tracking the changes in the relative strength index (RSI). Some experienced traders pointed out that the BTC/USD trading pair has been in a relatively "oversold" state since August last year. As the market gradually recovers from this oversold state, the RSI index has rebounded but remains at a relatively low level, indicating that the market still has certain upside potential.
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Token Airdrop Day: Blast Opening Price Becomes the Focus
On the token airdrop day, the opening price of Blast tokens attracted widespread attention from the market. As an important indicator of its market value and investor confidence, the opening price of Blast has undoubtedly become the focus. The total supply of Blast tokens is as high as 100 billion, of which half, or 50 billion, will be distributed to the community through airdrops as a reward for users and builders who have contributed to the ecosystem.
These tokens will be gradually unlocked within 3 years after the Token Generation Event (TGE) according to the schedule set by the Blast Foundation. In addition, the remaining tokens are also distributed according to a certain ratio, of which 25.5% are allocated to core contributors, 16.5% are allocated to investors, and 8% are reserved for the Blast Foundation to support the construction of key infrastructure and further development of the ecosystem. These allocations also follow their respective lock-up periods and unlocking schedules.
The poor performance of ZK and ZRO in the market has challenged the traditional method of valuing new coins in the crypto market. At present, Blast is priced at 2.88 in the Aevo pre-trading market, which has taken into account the systemic risk of the crypto market, the risk of the 𝐿2 track and the market FUD sentiment, but has not yet fully reflected the opinions of the community. Since Blast adopts a point airdrop system, it has higher transparency and predictability, and its airdrop rules are expected to receive relatively positive evaluations from the community. The 𝐹𝐷𝑉 corresponding to Blast's pre-trading pricing is 2.88 billion, which is on the same level as ZK. From the fundamental data of Rollup, Blast is comparable to ZK in terms of competitive level. Therefore, ZK is comparable in terms of competitive level. Therefore, the opening price of Blast is expected to be in the range of $3±10%, and the key to the price trend of the currency lies in whether the airdrop rules can be recognized by the community.
Today's recommendations are FIS, VOXEL, TKO, and SXP.
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FIS
FIS Coin is a new digital cryptocurrency designed to build a decentralized finance (DeFi) ecosystem. FIS Coin uses blockchain technology to achieve secure and transparent financial transactions and governance mechanisms, and is an important part of the DeFi field. The total supply of FIS Coin is 100 million, which means that 100 million FIS coins will be issued throughout its life cycle. This number is determined based on the monetary policy and economic model set by the Force Protocol team to ensure the stable development and long-term sustainability of FIS Coin. The current price is $0.391.
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VOXEL
VOXEL is a blockchain-based digital currency launched by Voxelus. The currency reached its historical peak in June 2017, with a huge price increase, but then experienced a decline. In 2021, with the development of virtual reality technology and the recovery of the market, the price of VOXEL has rebounded. As of June 2024, the price of VOXEL has fluctuated. The market value ranking and price of VOXEL in the global market have changed over time, and it is traded on multiple exchanges such as Binance, Huobi HTX, Bitrue, etc. Its maximum circulation is 300 million pieces, and the circulation rate remains at a certain level. The current price is $0.164.
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WHO
TKO coin is the native token of Tokocrypto exchange. Its core function is to support transactions, payments and other services within the exchange. It not only provides a localized environment for digital asset transactions, but also actively builds a comprehensive blockchain ecosystem to provide users with diversified financial services and rich application scenarios. Since its launch, TKO coin has shown volatility and growth in market performance. With the continuous expansion of the cryptocurrency market and the widespread application of blockchain technology, TKO coin is expected to become an important digital asset. The current price is $0.347.
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SXP
SXP is a blockchain-based cryptocurrency and the native token of the Swipe network. SXP is the native token of the Swipe project, a decentralized finance (DeFi) platform focused on providing users with secure, efficient, and open financial services. The outlook for SXP depends on the growth and adoption of the Swipe ecosystem, including factors such as cryptocurrency popularity, competition, regulatory environment, innovation, and partnerships. Market experts predict that SXP will perform well in the long term, due to the continued growth of the cryptocurrency market, Swipe's acquisition strategy, and continued innovation. The current price is $0.251.
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.
