Data shows that the market cap share of Bitcoin and Ethereum is rising, but trading volume has slightly decreased, indicating a contraction in activity, while the market cap share of altcoins is declining, suggesting that people are converting to Bitcoin for risk aversion, leading to a decrease in risk appetite.
As Bitcoin's price fluctuates slightly, the turnover rate continues to decline. Short-term investors are the main players in trading, while most medium- to long-term investors are observing. Support levels have not changed significantly, with support remaining stable at $93,000 to $98,000, but selling pressure at $100,500 to $105,000 has slightly increased, reducing by 50,000 coins compared to yesterday. These are mainly short-term investors, and a longer time may be needed to wash out positions and create stable support.
From a funding perspective, on-site funds have also decreased by 100 million, totaling 2.624 trillion, with a market cap of USD 157.217 billion. There has been a slight inflow of Asian funds, but trading volume has decreased. The market cap of USDC has decreased by 4.7 million, with trading volumes dropping significantly, suggesting that compared to U.S. stocks, risk appetite in the crypto market is weaker, and U.S. funds may be flowing into the stock market.
Overall, the market is currently in a news vacuum. Attention can be paid to the PCE data to be announced tonight. The NASDAQ and S&P 500 are approaching historical highs, and everyone is watching to see if there will be a breakout or a phase correction. In the face of rising U.S. stocks, the upward momentum of Bitcoin is starting to weaken, and everyone may be waiting for the results after the U.S. stocks peak before reacting. In the short term, a continued low-volume consolidation is expected.
3 types of altcoins that will increase 10 times!
1. MOCA
Moca Network is building an identity-based reward mechanism on Web3. It leverages reputation profiles and token-gated features to support social applications, NFTs, and metaverse experiences. What is the goal? To convert engagement into value while integrating more deeply into the identity layer of DeFi.
Momentum is recovering. Driven by ecosystem updates and user activity, MOCA has rebounded from cyclical lows. Although the current price is still below the historical peak of $0.48, the current price trend indicates that users are re-engaging, and the project is gaining new development momentum.
MOCA is trading at $0.0764, up 11.8% in the last 24 hours and 5% this week. Currently, the price fluctuates between $0.069 and $0.080, with 10 out of the last 30 days showing an increase. Although still below the 200-day moving average, this upward trend aligns with the increasing popularity of identity-based dApps, reflecting its technological prospects and narrative appeal.
The MOCA Foundation has launched the Moca Chain, a modular, EVM-compatible blockchain focused on self-sovereign identity and privacy. The Moca Chain is designed to operate across any blockchain, allowing developers to integrate trustless identity tools, privacy verification, and reusable data in any network environment.
Its standout feature lies in its full-stack identity verification approach. With decentralized storage, zero-knowledge proof-based verification, zero-knowledge transmission layer (zkTLS), and identity oracles, it provides a powerful and interoperable layer for secure, user-controlled identity verification in Web3. This is an important step towards a unified, privacy-first identity framework for the open internet.
2. XCN
Onyx Protocol is becoming a powerful force in the crypto financial ecosystem. It is built on a shared multi-asset crypto ledger, supporting seamless coexistence of multiple independent networks. Its flexible programming model enables interoperability and advanced features like custom asset issuance and smart contracts.
Governance is managed by Onyx DAO, and the XCN token is central to protocol decision-making. Network security is enforced by a coalition of block signers, ensuring decentralization and robust performance.
The XCN token is currently trading at $0.01619, up 8% in the past 24 hours, with a daily fluctuation range between $0.014 and $0.016. Market sentiment remains bullish, with the fear and greed index showing 74 (greed), indicating strong market confidence.
In the past year, Onyxcoin's price has surged an astonishing 848%, outperforming 96% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Its trading price is also above its 200-day simple moving average. Onyxcoin maintains high liquidity, making it an increasingly attractive asset for traders and investors.
Onyx Protocol combines innovative architecture and governance, making it a significant player in the decentralized finance space. It lays a solid foundation for next-generation financial applications and is one of the best-performing tokens over the past year.
3. Velo
Velo (VELO) is currently trading at approximately $0.0129, showing a slight decline. However, overall, the market sentiment remains bullish. Before the recent decline, VELO experienced a robust week of growth, boosted by nearly a 10% increase after its launch on the Binance Alpha platform on June 16. A $1 million trading competition also helped raise its visibility and activity.
Descending wedge breakout and hidden divergence. This suggests that if Bitcoin remains stable, VELO could reach between $0.017 and $0.038. However, this is still a conditional statement. Other analysts warn of strong resistance near $0.0168. VELO has also performed poorly in the past three months, down about 1.3%.
Beyond price action, Velo is also looking long-term, pushing towards its goal of becoming a liquidity hub for Web3. The platform is developing an AI payment system (PAYFAI) and exploring the tokenization of real-world assets. Recent collaborations with Paxos, Visa, and Securitize, which is associated with BlackRock, showcase its ambitious aspirations.
From a broader market perspective, over 91% of community votes are bullish. X (Twitter) users are discussing predictions for $1, while Telegram is focused on roadmap goals, such as the PLG Gold RWA scheduled for release in Q3 2025.
