Yesterday, BTC rose to 109,000, which is similar to the previously expected 106,500. From the daily chart, it bounced back after touching the 5-day moving average, but last week's trend shows significant resistance at the 30-day moving average, indicating it may fluctuate around 105,000 in the short term.
ETH rose to 2600 yesterday, as expected. Early in the morning, the price dipped slightly but did not fall below 2500. Now, both bulls and bears may fluctuate around 2600 before the settlement.
PUMP has been banned! Will memes welcome a 'new chapter'?
Pump can be considered the largest token issuance platform on SOL. Although it has faced criticism, that doesn't stop it from being the leader. Pump gained popularity due to its low barriers to entry for token issuance and its extremely wild PVP model, but its 'vampiric' mechanism and high valuation have received mixed reviews in the community. Recently, it has faced severe criticism again due to token issuance issues, with many saying that PUMP will drain market liquidity.
This has certainly caught Bonk's attention; although Sol's liquidity has worsened, many new token issuance platforms have emerged on Sol recently, seemingly aiming for a pump. It's possible that the top position might really change hands. The ban on Pump could mean a major reshuffle in the meme coin market, so let's get ready for some gold mining, everyone.
Chuanzi + Sun = TRX surges 2000%?
Sun has made a big move! Partnering with SRM Entertainment, they aim to bring TRX-related businesses to the U.S. stock market through a reverse merger. This time, they plan to inject TRX tokens valued at 210 million dollars into the new company, Tron Inc., and the new company intends to emulate MicroStrategy by hoarding TRX as a core operation, creating a new model of 'crypto + traditional finance'!
The Chuanzi family has also joined the management of Tron Inc. It's clear to anyone that there is likely financial support from the Chuanzi family behind this round of financing. This money not only replenishes the company's cash flow but also brings political resources along with it. To put it plainly, the funds from PIPE financing were already promised to buy TRX.
Thus, Sun's grand strategy has truly taken shape:
Don't think 100 million dollars is small; that's equivalent to 7% of TRX's daily trading volume, which is significant in a market with a small circulation. After the recent halving, selling pressure has lessened and buying pressure has increased, making it easier for the price to rise. This is just the beginning; more funds will come. What do you think about this operation? Should TRX be bought?
If the GENIUS stablecoin bill passes tomorrow, the Defi sector will be able to speculate again!
Xianxian has listed quality DEFI coins; for those unsure of what to buy, you can continue reading.
Comp: Recently, there has been significant trading volume during price increases, and the open interest for contracts has also noticeably risen. Additionally, the weekly MACD indicator has shown a bullish crossover at the bottom, which is why I recommended it last week. Now, both sides of the quarterly contracts and options are fiercely competing, and if the price corrects, you can continue to increase your position.
UNI: This coin must be held tightly; if you don't have it, it's time to start positioning. The weekly chart is still at the bottom, with plenty of room above, and the biggest beneficiaries of compliance in the U.S. are UNI.
AAVE: AAVE has already emerged from the bottom range ahead of time; from a monthly perspective, it is in a typical upward trend. However, it's important to note that when the market starts early, it often ends early as well. In other words, when other altcoins rise, this one may not necessarily rise and is more likely to consolidate. Please consider carefully.
Four-time champion EGL1 dominates the trading competition, a market cap of tens of millions may open the doors to Binance.
EGL1 is currently ranked first in trading volume, market capitalization, liquidity, and popularity in the USD1 trading competition.
At the beginning of the month, Xianxian mentioned that the WLFI competition is worth paying attention to. The top EGL1 has been first for five consecutive days, and if it can maintain this position, the WLFI Foundation will buy EGL1 as agreed.
It seems the project team is determined to take first place; if EGL1 truly claims the top spot, WLFI will buy it according to the rules, and EGL1 is likely to be listed on Binance for both contracts and spot trading.
Currently, EGL1's market cap is only tens of millions, still in the early stages. Those who haven't bought can take advantage of the price correction to buy in batches; those who have bought are advised to hold for a while longer.
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