In the crypto world, one day equals a year in the real world, and hot money is always looking for the next 'trend'. This July is truly scorching, whether it’s institutional buying #ETH , or the new meme coin #Pepeto crazily attracting funds, #巨鲸动向 followed by #xrp a strong V-shaped rebound, and ADA's potential expectations... even new tokens like SYRUP have achieved a 'sweet leap' thanks to their listing on Upbit.
Facing such a multitude of favorable factors and hotspots intertwining, as a qualified crypto enthusiast, I will help you sort out the latest market dynamics, so grab a seat and let’s take a look together!
Ethereum (ETH) is sprinting towards $4000, Novogratz is optimistic about the price discovery phase starting!
Let's first talk about one of the main characters—Ethereum (ETH). Recently, Ethereum's performance has been eye-catching, especially with the push from institutional funds, ETH continues to rise, leading many investors to start wondering if it's time to surpass Bitcoin (BTC).
Billionaire investor Mike Novogratz (CEO of Galaxy Digital) revealed in an interview with SquawkBox that as long as Ethereum's price breaks through the $4000 mark, it will enter the 'price discovery' phase, starting a new wave of increases. He was very direct: behind this surge is an increasing number of Ethereum funds management companies entering the market, with institutional players like SharpLink and GameSquare Holdings heavily accumulating assets.
More critically, ETH's supply is tight, and as funds flow in, market bullish sentiment also rises—short positions have reached an all-time high, meaning that many betting on ETH's decline are no longer tenable. Novogratz boldly predicts that in the next 3-6 months, ETH is likely to outperform Bitcoin, which is a significant signal in the crypto space!
📈 The data support is also very strong.
Since July, Ethereum has risen over 45%, while Bitcoin has only increased by less than 8%. In the past 90 days, ETH's gains have doubled, exceeding 100%, while Bitcoin has risen around 22%. Although BTC still dominates the market, ETH's performance is gradually stealing the spotlight.
In short,
Ethereum is no longer the 'second place'; it shows strong competitiveness in both technology and capital. If a bull market really comes, ETH is very likely to bring a surge, so everyone must keep an eye on the $4000 'watershed'!
SYRUP's sweet rebound, can it break free from the 'sell news' curse?
After mentioning the big brother, let's take a look at an unexpected dark horse: the DeFi governance token—SYRUP, belonging to the Maple Finance protocol.
This protocol performed exceptionally well in the second quarter, with quarterly revenue soaring by 154% and annual recurring revenue (ARR) growing by 200% year-on-year. Coupled with the announcement from the major South Korean exchange Upbit to list SYRUP, it directly ignited market sentiment, causing SYRUP's price to spike to $0.65, nearly setting a historical high.
However, technical analysis tells us that the market isn't that simple. SYRUP faced significant resistance around $0.58, recently pulling back nearly 20%, and while daily trading volume has increased, short-term bearish signals are evident.
Simply put, this surge may belong to 'news stimulus + speculative trading', rather than solid technical breakthroughs. If the price falls below $0.625, it means SYRUP will need more time to consolidate, and investors should be more cautious about risks in the short term.
Of course, if Bitcoin can continue to hold the key level of $115,000, then SYRUP may also hope to challenge the highs again, breaking through the $0.65 resistance, starting a new upward cycle. But currently, SYRUP seems a bit like a 'spark in a bear market', not strong enough, and may need to undergo a 'healthy consolidation' first 🍃.
Conclusion:
It might not be sweet, but the stimulation is definitely there 😎.
Cardano (ADA) is poised to challenge the $5 mark.
Next, let's focus on another highly anticipated public chain—Cardano (ADA). Recently, ADA's attention in the market has skyrocketed, with technical indicators releasing buy signals, and the fear and greed index soaring to 74, instilling confidence among investors.
Famous analyst Crypto Jebb is optimistic about ADA's future trajectory, believing that with the continuous expansion of the DeFi ecosystem and steady growth in total value locked (TVL), ADA's price is highly likely to reach new highs between $3.50 and $5.00. If relevant ETFs are approved for listing and institutional buying enters, ADA's upward momentum will be further amplified.
CoinCodex's prediction is more optimistic, estimating that ADA could even break $5.33 by 2025, with potential not to be underestimated.
However, investment should be cautious! Cardano currently has a daily volatility of about 5.54%, and it’s not all smooth sailing. If the price falls below the key support of $0.70, a pullback to $0.50 is also possible, which would impact the overall bullish trend.
It's worth mentioning that a recent meme coin based on Ethereum, 'Frog God' (PEPETO), has been extremely popular alongside the ADA ecosystem, raising over $7.7 million during the presale phase, with an active community and zero transaction fees, attracting a large number of new and old investors. The success of PEPETO reflects the current market enthusiasm for community-driven, innovative coins.
In summary,
ADA has strong technical and capital support, coupled with the active surrounding ecosystem, challenging $5 in the short term is not a dream, but it still depends on the overall market trends and capital flows.
🐸 PEPETO's presale is booming, a new star in meme coins is making waves!
In the meme coin sector, a project called Frog God (PEPETO) has suddenly become popular, raising over $7.7 million during its presale phase, with explosive sales in the final stage.
Highlights are as follows 👇
Based on the Ethereum chain, with high security;
Zero transaction fees, lowering the threshold;
Has a strong community drive, high user stickiness;
The project's technology is mature and the experience is good, making it easy for beginners to get started.
Compared to many meme coins that are merely popular without practicality, PEPETO has achieved a subtle balance between 'humor + practicality', attracting a large influx of users.
The team has also excelled in community building, emphasizing 'community first', with frequent interactions, ensuring sustained interest 📈.
As more exchanges come online, PEPETO may show further performance. It could be the next PEPE or create its own pop culture.
In summary: It's worth paying attention to 🐸🔥.
🌀 XRP: A strong V-shaped rebound returns, is a target of $10-15 not a dream?
Finally, let's talk about the veteran from Ripple—XRP. Although it is often talked down, this time it really has 'held steady'.
At the beginning of July, the price dropped to $2.97, prompting many weak investors to cut their losses. But soon, XRP rebounded strongly, forming a typical V-shaped trend, quickly recovering to above $3.20, with a significant increase in trading activity.
Senior market analyst Joa pointed out that as long as XRP holds the support at $3.17, there is a good chance to break through $3.30 and challenge $3.50, with even the possibility of testing the July high of $3.65.
On-chain data also gives strong signals: open interest skyrocketed by 142%, indicating that bullish forces are accumulating. Another technical analyst, XRPunkie, is optimistic that XRP is expected to challenge the $10-15 mark in the medium to long term—though it seems a bit far now, the resonance of technology and capital during a bull market could make dreams come true.
However, in the short term, investors need to pay attention to the stability of the $3.17 support level, as a breach could negatively impact market sentiment and lead to adjustments.
In summary: XRP's 'return of the king' is noteworthy, both in technical patterns and popularity.
🔚 Summary: With changing trends, how do you seize your opportunities?
ETH is aiming for $4000, XRP is forming a larger trend, SYRUP's popularity hasn't faded, ADA is poised for action, and PEPETO is making its debut... This July, the crypto space is forming multiple mini-climaxes.
But don't forget:
Behind every wave of the market, funds are flowing;
After every rise, there will be adjustments to test faith;
All narratives are worth paying attention to, but they also need verification.
In this market, the only constant is change. What you need to do is not predict the future, but seize the moment 🔍.
So, don't just watch the excitement; pay attention to the details. Smart players are already setting up for the next explosion 🔥.
The cryptocurrency market changes rapidly, with opportunities and risks coexisting. Learning to enter and exit strategically, while protecting capital, is essential for steady progress and wealth growth. ✍️
Remember to DYOR, manage your risk well, and I wish everyone a smooth sailing in the crypto world! 🌊
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