Recently, many projects such as WLD, ENA, ETHFI, etc. have begun to release a large number of chips. After crowdfunding, these projects do not have the ability to generate continuous blood, and can only make profits by cutting leeks. If they cannot cut new leeks, they will cut leeks from each other within the industry. A project has joined forces with multiple investment institutions to participate in the primary market through crowdfunding, and use the driving effect of these institutions to guide retail investors to enter the market, and then divide up the funds of retail investors.

From the various behaviors of the market, we can see that we are still in a stock market environment. Most of the incremental funds of overseas institutions are involved in Bitcoin, so Bitcoin has performed strongly recently. For other currencies, it is necessary to observe whether there is speculation expectation. This raises a question: the speculation of mainstream currencies such as ETH and SOL depends on the stock funds, while the speculation of Bitcoin is supported by incremental funds. Therefore, it can be expected that in the future, mainstream currencies such as ETH and SOL will fluctuate repeatedly in a certain range, while Bitcoin may fluctuate higher. Subsequently, ETH, SOL, etc. will also begin to differentiate, and currencies with speculation expectations will be favored by more funds, while currencies without speculation expectations will fluctuate downward.

Therefore, we can conclude that in the coming period, Bitcoin will continue to rise, while mainstream currencies will show obvious differentiation, strong currencies will experience a correction after rising, and weak currencies will continue to fluctuate and fall. The logical basis of this conclusion is the increase and stock of funds.

Market analysis:

BTC: It is expected to continue to look towards $64,500. Yesterday, it successfully broke through the key resistance of $63,500 at the hourly level and failed to retreat to the central segment of $62,100 to $60,000. A W bottom has been formed at a smaller level, and it is expected to break through the $64,000 integer mark today.

ETH: At the hourly level, it retreated to $3,425 before rebounding. This area is currently under great pressure and is expected to experience several shocks before breaking through.

Altcoins: Yesterday, the list of gainers was mainly composed of small coins, while the leading coins did not move. The AI ​​sector has been dragged down by WLD and has not been able to rise. The market is obviously facing the challenge of capital shortage! The MEME sector showed signs of starting up, and coins such as PEPE and BOME moved up in small steps. They are worth paying attention to and planning in the near future.

The number and amount of funds of retail investors holding altcoins in this round far exceeds any other period. After a few months of altcoins' big wash, many people are now experiencing an explosion of negative emotions. Everyone feels bad about the decline. I have always said that Ethereum will be the main focus in the second half. Holding Ethereum is my biggest belief at present and it will not waver.

Finally, let’s talk about Binance’s big move:
The official announced today that 11 altcoins have been included in the "observation blacklist", including BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT and SUN. These currencies have now become the focus of Binance.

Why is this the case? Because their recent market performance is like a roller coaster, and there is a higher risk. Binance will closely monitor their movements and conduct regular reviews to assess whether they meet the standards of the exchange.

“Please keep in mind that tokens with surveillance labels may no longer meet our listing standards and may be delisted from the platform,” Binance warned.

The criteria for passing the review are very strict, involving the reliability of the project team, the activity of trading volume, capital liquidity, network stability, and their positive contributions to the cryptocurrency field.

The good news is that MLN and ZEN have been removed from the blacklist due to their good performance. But for the rest of these "key observation students", they need to be reviewed every 90 days to ensure that they continue to be traded on the exchange.

In addition, in order to ensure the compliance of these tokenized tokens, Binance has established a regular verification mechanism that requires users to complete a test every 90 days. This test can be conducted on both the Binance spot and Binance margin platforms to ensure that traders have a full understanding of the relevant risks. A monitoring label will be displayed on the relevant trading page, and a striking risk warning banner will be equipped to further remind traders.

$ZRO may be the most eye-catching one among the recent major projects. It started to rise after a pullback to around 2.5. I opened a position at 3.6 and replenished it to 2.6, and basically started to make a profit.

If Bitcoin can reach 65,000, it may break the previous high of 5.6. There is no need to worry about the market makers dumping the market in the near future, as there are not many unlocked tokens recently. $ZK can also be bought if the callback is in place, and it is under continuous observation.

Recently, various projects have begun to release a large number of chips, such as $WLD, $ENA, $ETHFI, etc. Don’t touch $WLD for the time being. The selling pressure of 10 to 20 million per day has lasted for 730 days. I don’t even want to wave it. It is easy to die!!!

$ARB $OP $STRK seem to have endless locks to unlock, but of course they are nothing compared to $WLD!

The mainstream coins in this bull market may have a chance to continue to rise, but these so-called unlocked value coins may have to wait until the next bull market!

It can be seen from the various market behaviors that the environment we are in is still a stock market, and most of the incremental funds from overseas institutions are involved in Bitcoin.

Therefore, Bitcoin has performed strongly recently, while other currencies need to be observed to see whether there are any hype expectations.

This raises a question: the hype of mainstream currencies such as ETH and SOL is driven by existing funds, while the hype of Bitcoin is driven by incremental funds.

Therefore, it can be expected that in the future, mainstream currencies such as ETH and SOL will fluctuate repeatedly within a certain range, while Bitcoin may fluctuate higher.

Subsequently, ETH, SOL, etc. will also begin to differentiate, and those currencies with hype expectations will be favored by more funds, while those without hype expectations will fluctuate downward. Therefore, we can conclude that in the coming period, Bitcoin will continue to rise, and mainstream currencies will show obvious differentiation. Strong currencies will experience a correction after rising, and weak currencies will continue to fluctuate downward.

The five most worthwhile altcoins to invest in in July!

ZRO

LayerZero (ZRO) is an omnichannel interoperability protocol designed to facilitate lightweight messaging across a variety of blockchains. It ensures authentic and guaranteed messaging through configurable trustless functionality, acting as a "blockchain within a blockchain" to enable direct and trustless communication between different networks. LayerZero is committed to providing the best interoperability solution, supporting seamless and trustless cross-chain transactions.

While LayerZero has not yet released a detailed roadmap, it plans to integrate with more blockchains and DeFi protocols in the future. Future plans may include introducing governance tokens and establishing a decentralized autonomous organization (DAO). LayerZero's decentralized verification process eliminates the need to trust a single entity and facilitates secure and trustless cross-chain communication.

ZRO is the native token of the LayerZero protocol. ZRO holders can participate in governance proposals and votes, influencing the future development and policies of the LayerZero protocol. As of writing, the latest market price of the ZRO token is around $3.81, up about 5% in the past 24 hours. Currently, ZRO has a market cap of $441 million, ranking 92nd among cryptocurrencies.

SUN

Solana surged 7% to $150 after VanEck announced it considers Solana a commodity on par with Bitcoin and Ethereum. Matthew Sigel, VanEck’s head of digital asset research, compared Solana to Ethereum in comments, highlighting the versatility of its open-source blockchain platform in a variety of applications including payments, trading, gaming, and social interaction.

In January, the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin ETF, further solidifying Bitcoin’s status as a commodity. In this regard, Sigel explained VanEck’s reasoning for classifying Solana as a commodity like Bitcoin and Ethereum.

He pointed out that Solana's native token SOL plays an important role in digital commerce and can be used to pay for transaction fees and computing services on the blockchain. Similar to the function of Ether on the Ethereum network, SOL can also be traded across digital asset platforms or used for peer-to-peer transactions. After the overall market adjustment pushed its price down to $135, Solana rebounded to around $150 driven by VanEck's announcement. It is currently trading at $147.1.

TON

Toncoin originated from Telegram Open Network (TON), a blockchain project originally developed by Telegram. The project was conceived by Telegram founder Pavel Durov and his team to decentralize digital communications and improve user privacy.

The vision of TON is to create a multi-blockchain platform that can not only handle a large number of transactions, but also provide a new way to store data securely and privately through a decentralized network. A wide range of decentralized applications (DApps) and services, including decentralized finance (DeFi) and non-fungible tokens (NFTs), are facilitated within the TON network.

TON is the native token of The Open Network, a layer 1 blockchain known for its ability to scale and process transactions quickly. TON powers the Open Network ecosystem and is primarily used to pay transaction fees, stake to protect the network, and participate in network governance. As of writing, TON's latest trading price is around $7.995, up about 5% in the past 24 hours. Its market capitalization is $19.663 billion, ranking 8th in the cryptocurrency market capitalization ranking.

TO US

ENS (Ethereum Name Service) is a decentralized domain name system built on the Ethereum blockchain. Although it is not a cryptocurrency itself, it provides functionality similar to the traditional Internet domain name system, enabling users to register and manage domain names ending with ".eth".

ENS runs on the Ethereum blockchain, and each domain name is unique. Due to the limited supply of domain names, scarce or highly sought-after domain names may command higher prices. Since ENS relies on the Ethereum network, factors that affect Ethereum network activity may indirectly affect the ENS domain name market.

In November 2021, ENS hit an all-time high of $120.00. Then in June 2022, the ENS price fell 94% to $7.37. The current price is $31.98, up about 20% in the past 24 hours. The current market value of ENS is $1.009 billion, ranking 58th in the cryptocurrency market value ranking.