After Bitcoin plunged to 25,300 three times, it confirmed the bottom and began to rebound. The current highest has reached around 26,450, breaking through the opening price of 25,940 at the beginning of the month and the previous high of 26,150. This is a good signal. After a lot of declines in September, there may be a chance of reversal this month and usher in a wave of monthly increases!
A good signal is that the current new products HOOK and HFT have begun to rise. If the market wants to start, then these new products are often prioritized. Therefore, we can focus on some new IEO projects that BN focuses on, including EDU, ID, MAV, ARKM, etc. In addition, SUI, BLUR, especially SUI, which have not been pulled up after the capital launch, will they perform like APT at some point in the future? Recently, SUI has also been active and will hold a developer conference in Singapore soon. You can focus on it. In addition, BNX, LQTY, GNS, MAGIC and RDNT are all worth paying attention to! Among them, MAGIC, RDNT and GMX are high-quality projects in the ARB ecosystem, and there is a chance to increase tenfold or a hundredfold in the future! Spot can be ambushed with eyes closed!
LIT 4-hour breakthrough. LIT is a startup pool, seed and infrastructure token owned by binance, and has the lowest market value of all tags (25mill). It has bybit perps and binance perps. I think once these funds rotate, it will pull like $perp $trb $xvs. If LIT can soar smoothly, you need to pay attention to the DID track: $ens $gal $id $key $wld.
Galxe has 600,000 daily active users. It is rare for a project that emerged from a bear market to achieve positive user growth. Gal is also the currency of Launchpool. Gal now has four concepts: web3, socialfi, did, and launchpool. Friends who have played arb Odyssey or often play games on Galxe should have some understanding of Gal.
GAL has a low market value, covers a wide range of concepts, and is controlled by Binance. And recent positive factors:
$GAL launches decentralized identity protocol galxe protocal. Entering L2, the Opsidezk mainnet will be launched around September, and there will be more activities held.
If you look at the long term:
The issuance of $GAL will increase to around 150M by 2025. If the supply is about 2x, selling pressure will be generated. Therefore, it should be collected gradually. Even if its circulation rises to 150M supply, it is possible to reach a price of $50 with a market capitalization of 7.5B.
In addition, since the bull run has not yet been seen, there will be no remaining selling pressure, which can show a sharp rise and create a new peak. Current price: $1.13 Potential bottom: $0.6-0.8
Tracks to focus on and layout in the second half of the year:
Chain Tour Track
The second half of the year and before the interest rate cut next year will most likely remain in a bear market.
Just as Buffett would buy cash cows during a downturn, the crypto bear market is more likely to give birth to some gaming projects that can attract many people to play.
After all, young people play games when they are free. In a bear market, everyone will have less time, and in a bull market, everyone is busy making money, so they won’t pay attention.
I am currently focusing on three stocks in this field: RLB, PYR, and aqdc
New public chain track
The competition in the public chain is subtle. With the emergence of multiple second-layer public chains such as apt, sui, arb, and op, this direction has become very competitive.
And where should the star chains of the previous round, such as sol, matic, dot, ton, ADA, TRX... go?
Which one of these has the best chance of rising again?
Personally, I am more optimistic about sol and OP at the moment. Of course, ton, which no one pays attention to, may also have some surprises.
SocialFi
This concept seems to be based on NFT, DeFi, and GameFi.
A vest, play it again.
Not long ago, friend.tech and unibot were born. They increased 10 times after they went online, but now they have basically fallen back to the starting point of the previous increase.
This hot topic was one that passed before many people could react, just like a gust of wind.
But if this narrative can lead to a bull market, it will probably cause a lot of trouble. This direction is a bit similar to blockchain games, and people will jump out of the track when they are bored.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.