Grayscale's New Classification of the Cryptocurrency Industry, Five Major Sectors Leading the Digital Asset Market!
🚀 Grayscale Shocking Release: A brand new cryptocurrency industry classification framework emerges, accurately dividing the digital asset market into five major sectors!
💰 Five Major Sectors Leading the Way:
• Currency: Bitcoin leads the way, followed closely by XRP and Zcash, showcasing a new look for currencies!
• Smart Contracts: Ethereum dominates, with Solana and Polygon dancing together, ushering in a new era of smart contracts!
• Financial: Maker, Uniswap, and Aave are all making strides, with continuous innovation in the financial sector!
• Consumer Culture: ApeCoin, Decentraland, and Sandbox are leading trends, opening a new chapter in consumer culture!
• Infrastructure: Chainlink, Filecoin, and Lido DAO are laying the foundation for the future, with limitless service upgrades!
📈 Market Differentiation is Obvious: Although Bitcoin has shone brightly this year, the overall cryptocurrency asset categories show a trend of differentiation, with each sector having its own characteristics; investors need to have a discerning eye!
🔍 Key Focus: Among the five major sectors, which will stand out? Which will lead future trends? Let us wait and see, and witness the glorious future of the digital asset market together!
Bitcoin Market Alert! 10x Research Warns: Weakening Momentum, South Korean Trading Volume Plummets
🚨 The market has entered the 'Death Zone': 10x Research issues a shocking warning, stating that the current state of the Bitcoin market is comparable to the 'Death Zone' when climbing Mount Everest, with risks surging and a critical moment at hand!
📉 Weakening momentum signal: Although the peak of Bitcoin has not yet arrived, multiple indicators have quietly lit up red lights, showing that market momentum is gradually dissipating. Investors must remain highly vigilant to avoid falling into difficulties!
📈 Price fluctuation dilemma: Over the past two weeks, Bitcoin's price has been like a trapped beast, lingering within a narrow range. Last week, it touched both the upper and lower limits of the range before returning to the midpoint, forming a Doji pattern, clearly reflecting the market's hesitation.
🔍 The intertwining of history and the future: The Doji pattern has historically indicated a continuation of the trend after a short-term adjustment, but combined with current on-chain data and market structure analysis, the future trajectory remains shrouded in heavy fog, with increased uncertainty.
🇰🇷 South Korean trading volume plummets: Even more shocking is that South Korea's cryptocurrency trading volume has plummeted from a peak of $25 billion to $6.7 billion, with market activity dropping sharply, creating a chilling atmosphere!
🔔 Urgent call: In the face of such a severe market situation, investors must remain calm, closely monitor market dynamics, and adjust strategies in a timely manner to cope with potential risks and challenges!
The entire cryptocurrency market is experiencing a pullback, but BTC, ETH, and CeFi are holding strong against the trend!
📊 Latest data reveals: According to authoritative statistics from SoSoValue, the cryptocurrency market is facing a comprehensive pullback, with major sectors generally falling over 10%!
💪 The three strong performers:
• BTC: Only a 24-hour decline of 1.73%, leading the market!
• ETH: Although it has declined, the 24-hour drop is 5.16%, showing resilience!
• CeFi: The sector's 24-hour decline is 5.29%, the smallest drop, standing out!
📉 Other sectors' dismal situation:
- Layer 1: 24-hour decline of -9.92%, a fierce downward trend!
• Layer 2: Sector decline of -10%, a comprehensive downturn!
• Meme: 24-hour decline of -1.2%, heavily impacted!
• RWA: Sector decline of -11.27%, suffering significant losses!
• DeFi: 24-hour decline of -11.83%, leading the major sectors in losses!
👀 Market focus: Against the backdrop of a general pullback, the relative strength of BTC, ETH, and CeFi sectors has become the focus of market attention. Investors need to closely monitor the subsequent trends of these sectors to seize potential investment opportunities!
As the financial market adjusts, many investors misjudge the situation, thinking that a correction is the prelude to a rally, but this is not the case. The current market has shown signs of peaking, indicating that there will be two more aftershocks in the future, and the market reshuffling is far from over.
Core Points Analysis:
• Altcoins after soaring stagnate: Many altcoins have achieved gains of 1 to 3 times, and their upward potential has been significantly limited, making a correction an inevitable choice for market self-adjustment.
• The double-edged sword of shortwave trading: Although shortwave operations can bring quick returns, they hide enormous risks; a slight negligence may lead to missed opportunities or even losses.
• The enduring struggle of the financial market: The financial market is like a war without gunpowder, enduring and full of variables. Investors must closely follow the steps of the market makers to establish themselves in the market.
• The bull market outlook is uncertain: After several bull-bear transitions, the arrival of a major bull market remains difficult to predict; perhaps it is brewing or has quietly departed.
Countermeasures:
• Follow the market rhythm: Investors should follow the market's consolidation pace and patiently wait for the new quarterly cycle from the end of the month to the beginning of the month.
• Stay committed to the market, patiently await the bull market: In this stage full of opportunities and challenges, investors need to maintain patience and determination, look forward to the return of the major bull market, and witness every exciting moment together. #加密市场回调 #市场回调抄底还是观望? #山寨季将持续多久?
Financial markets experienced a massive shock in the early morning! A 'spike' around five o'clock triggered a bloodbath in altcoins, plummeting by 40%! BTC's volatility intensifies, and investors should proceed with caution!
Key Highlights:
• Sudden Change: The financial market faced a 'spike' event just after five in the morning, leading to extreme fluctuations.
• Altcoins Plunge: The altcoin market was hit the hardest, generally crashing by 40%, resulting in significant losses for investors.
• BTC Volatility: Bitcoin (BTC) is experiencing severe fluctuations within the range of 85,000 to 100,000, with prices nearing the upper limit, leaving market trends uncertain.
• Investment Warning: The early morning 'spike' event indicates a downward trend; investors should not rush to buy the dip and must act cautiously.
• Strategy Suggestion: Patiently wait for BTC to reach the lower end of the fluctuation range to seek investment opportunities; a prudent investment strategy and calm mindset are key.
Play, you must play, but you should trade in what you are good at, trade in what you can understand, trade with stop losses, you have to give up some to gain some.
$1000X don't blindly chase more anymore, and don't try to catch the bottom, brothers, look at the market yourself, there are no reversal signals, don't be a pawn, wake up
Binance Web3 Wallet & Starry Nift Airdrop Official Guide
Event Time: July 12, 2024 06:00 UTC+0 to July 26, 2024 23:59:59 UTC+0 (Beijing time, please add 8 hours)
Event Highlights:
Total Rewards: 1.25 million $SNIFT tokens Participation Method: Accumulate points by completing tasks and share tokens in proportion Note: You must use the native Binance Web3 wallet, and you must complete the wallet creation and backup
Important Tips:
After all tasks are completed, please manually claim the rewards (some tasks may be completed automatically, but please check and confirm).
No gas fee is required for the claim process.
Event Task Overview (complete at least 2 items to participate in the token distribution):
Quest 01: Twitter Follow Task
Requirement: Have a Twitter account and follow @Web3WithBinance and @StarryNift. Steps: After following, submit your Twitter account (including @) to the designated location of "Quest 01" on the event page. Reward: 5 points (verification may be delayed, please be patient)
Quest 02: Mint Citizenship Card NFT
Requirement: Have enough BNB as gas fee on the BSC chain (about 0.00021 BNB), and ensure that the total balance of BNB on the BSC and OPBNB chains exceeds 0.01 BNB. Steps: Complete the mint operation and interact on the BSC chain as required. Reward: 8 points
Quest 03: Binance Web3 Wallet AI Bot Voting
Requirement: Have a small amount of BNB as gas fee on the OPBNB chain (about 0.0000003 BNB each time). Steps: Sign in and vote daily, and the task can be completed repeatedly. Reward: 5 points each time
Quest 04: Mint SBT NFT
Requirement: Complete Quest 02, and the total BNB balance on the BSC and OPBNB chains exceeds 0.01 BNB. Steps: Mint SBT NFT on the OPBNB chain. Reward: 5 points + 5% additional bonus to total points; at the same time, you can get extra XP rewards by voting for AI Bot on the official website.
Extra activity: Invite friends
Requirement: Invite friends to complete Quest 02 (mint pass NFT). Steps: Share your invitation code (such as 3D1ufeQQ8D), and the invitee needs to enter the invitation code after connecting to the wallet. Reward: Get 8 points for each valid friend successfully invited.
How to participate:
Make sure you have and backed up the native Binance Web3 wallet. Visit the event page (need ladder access) and connect your wallet. Complete the above tasks according to the instructions and manually claim the rewards (if applicable). #新币挖矿指南 #StarryNift #币安7周年
🚀【Year-end Wealth Legend Sets Sail】In the vast sea of cryptocurrencies, four bright stars are leading the dream journey to millionaires.
🎨【RNDR: The Wave of Visual Revolution】Imagine that the power of GPU is no longer dormant, and Render Network is like a fresh breeze that blows away the fog of content creation. Binance, the wise guide, waved his hand lightly, and RNDR turned into RENDER, resources surged like spring water, and user experience jumped in laughter. Those travelers who missed this wave can only stand on the shore, looking at the sails in the distance, leaving endless regrets in their hearts.
🚀【INJ: The New Engine of the DeFi Universe】In the vast universe of DeFi, Injective and IoTeX have joined hands to weave a seamless token transfer network. Injective, this powerful interstellar battleship, loaded with liquidity treasures, is heading towards the starry sea with market value potential. Brave explorers, as long as they step on this battleship, they can become the leader of the DeFi world and write their own legend.
💼【LDO: The rise and glory of the leader】In the cryptocurrency arena, LDO is like a sleeping dragon. Once awakened, it will show amazing power. Its pledge volume is far ahead of SSV, and with the mysterious blessing of SSV's new technology, its market value has climbed to four times that of SSV. LDO's leading style shocked every bystander. At this moment, it is the best time to embrace LDO and go to the feast of the future. Because every wise choice may become the key to open the door to millionaires. #CryptocurrencyLegend Journey #Year-end Wealth Weaving Dreams#LDOLeading the Future
Cz is about to return to lead the trend, Lista joins hands with Binance to draw a new chapter
📢 Explosive news! Cz is about to return, the market is shaking, and the currencies related to Binance will usher in a big explosion!
🌟 The king returns, the market is carnival
Just last night, the news of Cz's return spread across the market like a spring breeze, the market was boiling instantly, and the stock price soared. Under the cover of many negative news, this good news is like the light of dawn, leading the market to the road of rising.
🔥 After the reshuffle, the big bull is coming
After the baptism of the market, the arrival of the big bull seems to be more and more imminent. The return of Cz has undoubtedly injected strong vitality into the currencies related to Binance, heralding a new round of prosperity and explosion.
🚀 The second prince Lista, a bright new star
Among many currencies, Lista is like a bright new star, attracting the attention of countless investors. Investors holding Lista tokens can enjoy multiple rewards and early project investment opportunities by staking tokens on the Listapie platform.
💎 slisBNB, a magical tool for making money
Lista's slisBNB token has both the profitability and liquidity of BNB. Holders only need to easily participate in liquidity mining to enjoy a steady stream of passive income, just like holding a golden shovel and digging treasure easily.
🚀 Lista DAO, a benchmark for decentralized finance
With its innovative model and strong team, Lista DAO is expected to become a leader in decentralized finance. Its innovation in the field of liquidity staking has laid a solid foundation for future development.
📈 Binance-related, who can compete?
Among the currencies related to Binance, Lista is undoubtedly the one with the most explosive potential. What kind of surprises will Cz's return bring to Lista? Let us wait and see!
Cryptocurrency and presidential debates: the intersection of politics and finance
Focus topics Cryptocurrency unexpectedly became a hot topic in the 2024 US presidential debate.
Biden administration position
Initially cautious, and even active enforcement actions.
But with the SEC's approval of cryptocurrency ETFs, attitudes began to soften, realizing its importance.
Trump's statement
Explicitly supports cryptocurrency and calls on supporters to vote for him. This contrasts with his previous negative comments and may be intended to attract young voters.
My opinion
Potential and risks: Cryptocurrency has great potential, but it also comes with risks such as regulation and technical security.
Government role: The government should actively participate, formulate reasonable regulatory policies, and ensure that the market is fair and transparent.
Policy formulation: We should have a deep understanding of cryptocurrency and formulate clear and specific policies to meet challenges.
Summary Cryptocurrency has become the intersection of politics and finance, which requires the government to actively participate and formulate effective policies, while we should also remain vigilant and rational. #特朗普拜登 #拜登 #特朗普接受比特币和加密货币作为总统竞选捐赠渠道
$MEME Elon Musk pays tribute to emoji culture: Internet craze after the US presidential debate
On June 28, 2024, Elon Musk wrote on Twitter: "Tonight is a victory for emojis." This sentence is a tribute to the emoji creation craze on social media after the US presidential debate the day before.
On June 27, the debate between US President Joe Biden and former President Donald Trump attracted global attention. After the debate, netizens created emojis to express their views in a humorous way, and these emojis quickly spread on social media.
Musk's tweets show his deep understanding and respect for Internet culture. He paid tribute to all netizens who participated in this online carnival and emphasized the importance of creativity and humor in resolving life stress. In this era of information explosion, we need more such creativity and humor to make life better and more interesting.
$AEVO New Coin Storm: From Peak to Valley, the Blood and Tears of Leeks
At the beginning of this year, a new star appeared in the market - AEVO coin. With endless expectations and visions, it stood out from the silence, soaring into the sky at its highest point, reaching a peak of 3.94. However, just like all bubbles will eventually burst, the prosperity of AEVO is only a flash in the pan.
In the carnival of AEVO, countless investors poured in with dreams and funds, hoping to find the treasure of wealth in this new continent. However, they never thought that this was a well-designed trap. From the highest point of 3.94, AEVO plummeted all the way until it fell into the abyss of 0.43. In this long decline, countless investors were trapped, and their funds passed away like water, leaving only regrets and remorse on the ground.
Compared with other currencies, AEVO hardly gives investors any chance to get off. Whether the market is good or bad, it is firmly on the road to decline. This has plunged investors who were expecting a rebound into despair. They thought they had found the bottom, but it turned out to be just an illusion halfway up the mountain.
Investors who entered the market from the highest point to now have lost nearly 90% of their funds. This is not only a failure of investment, but also a blow to the soul. Many of them may have given up struggling and silently endured the consequences of this disaster. #AEVO归零之路 #aevo走势
$CREAM suffered a heavy blow, with a loss of more than 21 million, but there is still hope!
Recently, the cryptocurrency world has once again set off waves. The well-known decentralized lending platform Cream unfortunately became the prey of hackers. More than 21 million Cream tokens (CREAM) were stolen, with a value of an astonishing -318,427.97 US dollars (Note: the "-" here only indicates a loss, not an actual negative value). This incident undoubtedly dropped a heavy bomb on the entire cryptocurrency market, triggering widespread attention and discussion.
However, in this seemingly dark moment, we still need to remain calm and rational. First, let's explore some clues from the transaction data. The hackers' cunning and technical sophistication make us have to admire them, but their actions will eventually leave traces on the blockchain. These traces will become the key clues to track and recover the stolen assets.
For the Cream platform, this attack is undoubtedly a heavy blow. But like many crises in history, this is also a turning point. The Cream team is working hard to assess the damage and recover the assets, while also strengthening the platform's security measures to prevent similar incidents from happening again.
$AKRO Reasons and Risk Warnings Behind the Surge in Coin Prices
Recently, coins in the Binance Observation Section, such as BETA, AKRO, OOKI, GTF, etc., have shown an unusually fierce upward trend. This astonishing increase has attracted widespread attention in the market, and many investors have asked about the reasons behind it.
In fact, the reason why these coins can raise their prices in a short period of time is closely related to the Binance Exchange's Observation Section mechanism. In Binance's Observation Section, the coins that are listed need to undergo a period of investigation and evaluation to determine whether they have long-term development potential and market value. If a coin performs poorly during this period or fails to meet certain standards set by the exchange, it may face the risk of being delisted.
In order to avoid being delisted, some coin teams and investors may take various measures to raise prices to demonstrate their market vitality and investment value. These measures include but are not limited to: increasing market promotion efforts, attracting more investors to participate in transactions, and releasing good news. Under the combined effect of these factors, the prices of these coins have been able to rise rapidly in a short period of time.
However, investors need to note that the coins in the observation section themselves have certain risks. Since these coins have not been tested and verified by the market for a long time, there is great uncertainty in their future development prospects and stability. In addition, once these coins are delisted, their prices may plummet rapidly, causing serious losses to investors.
Therefore, we once again remind investors that when investing in coins in the observation section, they must be cautious and rational. Do not blindly pursue short-term high returns and ignore potential risks. At the same time, we must also pay attention to diversifying investments and reducing the risk exposure of a single asset. Only in this way can we achieve steady income growth while ensuring investment safety. #AKRO
$BOME holders must read: The joke of value investment and the rise of the meme sector
Dear BOME holders, there are some irresponsible voices in the market today. They are still promoting that#BOMEBig Golden Dog will return to a low price of 0.005. What I want to say is that such predictions are not only unfounded, but also an irresponsible misleading of the market and investors.
In the current blockchain and cryptocurrency market, we see not only price fluctuations, but also technological innovation and changes in concepts. The meme sector, as an important part of this change, is attracting more and more investors with its unique charm.
The meme sector truly embodies the spirit of decentralization. It breaks the shackles of the traditional financial system and gives every retail investor the opportunity to participate in this brand new market. Here, there is no centralized capital control, only a fair, just and transparent trading environment. Every investor can buy, sell and trade freely according to his own judgment and decision.
Moreover, the rise of the meme sector is also inseparable from the active participation and contribution of retail investors. It is these retail investors who have injected new vitality and momentum into the market through continuous trading and investment. They have proved with their actual actions that the power of retail investors is infinite, and they can create their own legends in this market.
Therefore, I believe that in this round of bull market, the meme sector will stand out and become the most dazzling star sector. And those who are still advocating that#BOMEBig Golden Dog will return to a low price are undoubtedly hitting themselves in the mouth and becoming a laughing stock in the market.
Therefore, BOME holders, please stay calm and rational, and don't be disturbed by these irresponsible voices. Believe in your own judgment, strengthen your beliefs, and let us welcome the rise of the meme sector and the bright future of the blockchain market together! #Meme板块普涨 #bome潜力无限
Solana ETF is hot, SOL price soars: With the help of Solana ETF, SOL price soared in the network craze, and the 24-hour trading volume surged by 112% to $3.128 billion.
Bullish technical analysis: Multiple technical indicators and moving averages show strong buy signals, indicating that SOL prices may continue to rise. Although the 50 and 100 weekly lines show sell signals, the overall upward momentum has not been significantly affected.
Market variables to pay attention to: MACD and STOCHRSI indicators issued a warning, but RSI remained neutral, and the possibility of a short-term trend reversal was small.
Key support and resistance levels: The key support level is at $145.296, and if it is broken, it is expected to rise further. The key Fibonacci resistance levels are $151.307, $155.021 and $161.032, respectively. If successfully challenged, it is expected to reach a high of $202.