The total market capitalization of cryptocurrencies has surpassed $4 trillion, currently reported at $4.0031 trillion. Off-market funds continue to experience FOMO; the last wave was due to BTC ETF causing off-market funds to FOMO, this wave is due to ETH's ETF causing off-market funds to FOMO, who do you think will be next? Currently, the coins imitating MicroStrategy's version include: $btc, $eth, $bnb, $xrp, $trx, $sol, $hype, etc., the strong get stronger, can be a focus;
Bitcoin is continuously adjusting at a high level, while ETH is gaining momentum; the market is just starting. After the leading market cap coins finish their run, it will be the turn of the altcoins to celebrate, and it will be even crazier, so stay tuned;
The U.S. House of Representatives has passed three cryptocurrency-related legislations: the CLARITY Act, the GENIUS Act, and the anti-CBDC surveillance national legislation. After the stablecoin bill is passed, there will be more liquidity in the market, and DeFi-related activities will become richer. When the market starts, there will be plenty of opportunities, and quality altcoins can be positioned.
$GP
The sentiment of funds on-chain is still on bonk_fun, pay attention to $GP, which is a significantly undervalued large-cap on bonk. If $BONK is the first blue chip, then $GP is the second blue chip. With a market cap of $3.5 billion for $bonk and $180 million for $GP, the clearly undervalued $GP, which has empowering potential, is not dependent on the bonk platform itself, as bonk is just one of its clients. In the long term, I am more optimistic about the development of $GP!
$A47
The narrative of AI + short video content satire, backed by the Web3 video platform myco (formerly known as MContent), which has over 30 million users and has received support from Middle Eastern capital;
100% fair launch, now listed on exchanges like bitget, mexc, gate, etc.; $A47 is a long-term project. Looking at on-chain data, some addresses are making large purchases, with a market cap stable around $20 million, having shaken off some weak hands. The project team is planning something, and the positive news has not yet been announced, so one can DCA gradually into the position;
APT
The daily chart shows signs of bottoming, with upward momentum, bullish outlook in the medium term! The daily trading volume on the APT chain's DEX has surpassed $190 million, reaching a historic high, with a total trading volume exceeding $3.46 billion in June, a significant increase compared to January's $690 million, and the price was much higher in January than it is now. The stablecoin narrative indicates that the market capitalization of stablecoins on the APT chain has increased from around $500 million at the beginning of the year to $1.2 billion now, which is promising.
ENS
This is following the textbook 'small sun reversal' pattern, where after being suppressed at a high level, it suddenly breaks out with significant volume, achieving a 17% increase on the daily chart without relying on violent sell orders, but purely on the accumulation of the bottom structure. This kind of movement is one of the most favored targets by funds in a structural rotation market: strong logic, strong expectations, low valuation.
