For the second consecutive day, the amount of Bitcoin inflows was below $100 million. Today, it is judged that the fluctuations will continue, but the amplitude will be smaller, and it will not fluctuate as much as yesterday.
The overall market trend is good at present. The German government's selling pressure has ended. Mt.Gox has paid more than half of its compensation. The funds have been distributed to retail investors one after another. The last major selling pressure will come in late July. Retail investors will not sell on a large scale like the government, so Bitcoin will maintain a bullish pattern in the future.
Bitcoin has become a hot topic in the US election, and Trump's support will attract more traffic and push up the price of Bitcoin.
Fed dovish view:
The market expects a rate cut in September, which is good for Bitcoin;
The rise of Bitcoin is also good for Ethereum;
If the Ethereum ETF is approved, ETHE may see short-term profit-taking selling.
The possibility of institutional funds flowing into Ethereum before October is relatively small, limiting its room for growth. With the end of the US election and the upcoming Pectra upgrade, Ethereum's technical strength is attracting more and more institutional investors, and the amount of capital inflow will increase significantly, and it is expected to gradually explode in the fourth quarter. In general, the prospects of Bitcoin and Ethereum are very promising, and investors can seize the opportunity to make layouts.
Potential altcoins worth watching now
1.FLOKI
The FLOKI token is named after Musk's Shiba Inu and has attracted much attention. In October last year, Floki launched the cryptocurrency and asset tokenization platform TokenFi, which allocated 56% of the tokens to Floki pledgers. Since its launch, the price of the token has soared from $0.01 to more than $0.2, an increase of more than 20 times.
FLOKI has attracted much attention since last year, and it has been growing strongly this year. With an active community and strong strength behind it, it has become a trusted representative among international projects. In addition, FLOKI has also launched interest reward share claims, marking an important milestone in its development. In addition, its listing on Binance Thailand and projects in countries such as India also demonstrate its broad development prospects.
In general, FLOKI tokens have attracted much attention due to their unique naming and strong development momentum. Investors are full of expectations for its future prospects, especially its development prospects in the international market. With the achievements of FLOKI in all aspects, we are full of confidence in its future.
2.WIF
As WIF price enters a falling channel, it shows a clear trend of correction. However, the bullish cycle within the bearish channel indicates signs of a possible trend reversal. The bullish crossover of MACD and signal line also increases the possibility of a trend reversal.
WIF price has risen 15% over the past night and 4.89% intraday, challenging the upper trend line and the key resistance of $2. If the bulls are still in control, the price of WIF coin may break through $3 and even reach a high of $4.50 in July. If the Dogwifhat (WIF) project releases a major update and announces important cooperation, the price of WIF token may even soar to a high of $10. As the market trend changes, investors need to pay close attention to the price trend of WIF tokens and seize possible investment opportunities.
3.JASMY
This project may not be familiar to most investors. It is the Japanese DePIN project, and a few tokens have been successfully listed on Binance and Coinbase exchanges. This project is based on blockchain technology and provides data security, storage and interaction services for the Internet of Things environment. Its uniqueness lies in its ability to connect service providers and data users, allowing service providers to collect user data and package it for sale to data users.
Jasmy is a target that I have always been optimistic about. Recently, at the blockchain conference in Japan, Jasmy performed well as a Japanese token. I suggest opening a position at 0.021-0.022. As the BTC market rebounded, the price of Jasmy also rose to a maximum of 0.0318, which is 50% higher than the point recommended by my club. I am still optimistic about this project and suggest that investors continue to pay attention.
Regarding FLOKI, I also made arrangements in advance on the 12th, and gained a maximum of 30 points on the 17th.
