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1. Market trend:

BTC sucks blood, and altcoins generally fall. Although Bitcoin still dominates the market, it has sucked away most of the funds, causing other altcoins to generally fall. At the same time, the US stock market has soared, and companies such as Microsoft and Nvidia have hit new highs, which has also led to a high sentiment in global stock markets and a decline in the US dollar index, providing more opportunities for the cryptocurrency market.

2. Market Hotspots:

1. The platform currency BNB rebounded strongly amid negative news. Previously, the U.S. Department of Justice planned to fine BNB $4 billion to settle the charges, and the negative news in the short term was exhausted. This news is positive for BNB because it proves that the platform has passed the difficult period and is ready for greater development. During this period, other platform currencies also performed well, such as STX, the representative tool of DEX.

2. Super, CHR, APE, ILV, SLP, Myria, Shrap and other games have soared. Shrap is a representative project of Avax chain games, which has soared 3 times. This AAA shooting game made by an American team is similar to Peace Elite. However, it is worth noting that Shrap has a market value of up to 600 million US dollars, and the market value of the recent new game Prime is between 800 million and 900 million US dollars, while the top Axs and GMT are at the level of 1.5 billion US dollars. Since this game has not yet been officially launched and the economic model has not been released, there is no selling pressure and the market can be pulled at will. This phenomenon shows that game currency projects have received more attention and popularity in the market.

3. The electronic pet frenpet of the base chain has been actively pulling the market recently. This product will be launched in August and is currently very active. Although it is essentially a Ponzi project with a rebate CX mechanism and a 5% transaction tax, its economic model is similar to a combination of AXS and GMT. This project provides investors with a novel investment option and is expected to attract more attention and capital inflows.

4. DeFi's SNX and ZEPH rose. SNX launched Perps V3, and ZEPH is a privacy-oriented stablecoin with an economic model similar to Luna. They continued to rise sharply to new highs. These two projects performed well in the DeFi field, providing investors with abundant investment opportunities.

For investors, it is crucial to choose the right investment project. Here are some altcoin projects that are expected to make huge gains in the future:

MATIC - the native currency of the Polygon network, currently priced at $0.8, with a historical high of $2.92 and a market value of $7.41 billion. With the development of blockchain technology, the importance of the Polygon network has become increasingly prominent, providing developers with a more convenient cross-chain solution. It is expected that MATIC will continue to maintain a strong trend.

XRP is one of the top five tokens in CMC, with a current price of $0.59 and a historical high of $3.84, and a market value of $32.17 billion. As an important part of the Ripple network, XRP has broad application prospects in the field of cross-border payment and settlement, and is expected to continue to maintain a strong trend in the future.

ENJ - Engin Coin is a project of Enjin, a company that provides blockchain-based gaming products. The current price is $0.268, and the highest price ever reached $4.84. As the blockchain gaming market continues to grow, ENJ as an in-game token has broad application prospects in game development, trading, and reward mechanisms.

ISLM - Islamic Coin, is the first Shariah-compliant ecosystem and the native currency of the HAQQ network. The current price is $0.16 and the market cap is unknown. Despite the current low price of the coin, it is expected to become an important part of the global Islamic market and provide investors with new investment opportunities.

In addition, altcoins such as Waves, APE, WOO, DOGE and FLOKI also performed well in the market. These projects have their own characteristics, some focus on technological innovation, and some have unique practical value, providing investors with a wealth of investment options.

In summary, the current market hot spots are mainly concentrated in game coins, DeFi projects and blockchain applications. Investors should pay attention to market trends and choose projects with potential for investment. At the same time, it should be noted that investment is risky, and investors need to carefully assess their own risk tolerance and investment goals to make wise investment decisions.

The above analysis is for reference only. The actual market situation may change with the development of technology and market changes. Investors should continue to pay attention to market dynamics and make timely adjustments and responses.

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