Use the 200-day moving average to judge the major trend: if the price is above the moving average = a bullish trend; below it = a bearish trend. Trading in the direction of the major trend naturally gives a higher win rate. Currently, BTC is trading below the 200-day moving average, with a bearish bias in the medium term.
💡 Current BTC $63,083, 24h +0.3%. Understanding these basic concepts will definitely help your trading.
🔥 FIDA’s 99% plunge—Is there still hope? The life-or-death moment for Solana name-service leader Bonfida
Brothers, today we’ll talk about a project that was once a star but is now in trouble—Bonfida (FIDA).
You may have seen .sol domain names in the Solana ecosystem—that’s what they do. But if you still hold FIDA, this is a must-read.
📌 What is FIDA?
Bonfida originally built the Serum DEX trading interface, and later pivoted to Solana Name Service (SNS)—a domain service on Solana. Think of it like this: just as ENS is to Ethereum, SNS is Solana’s “blockchain yellow pages.” You don’t need to remember a bunch of gibberish addresses—just send to “zhangsan.sol.”
The Brave browser, Hashmail, and Wormhole all integrate with SNS, so the infrastructure credentials are solid.
👥 Team background
Founder David Ratiney: • Worked at FTX • Previously built financial systems at Goldman Sachs and JPMorgan • Founded Bonfida in 2020, raising a $4.5M seed round
Investors: CMS Holdings, Three Arrows Capital (now bankrupt), Spartan Group, etc.
⚠️ Credibility: The team’s technical capabilities are top-tier in the Solana ecosystem, but the FTX/3AC connection is a sensitive point. Overall there are no signs of a rug pull, and they’re still delivering.
🚨 Biggest downside: FIDA was abandoned by the official team
In July 2024, it was rebranded as Solana Name Service (SNS).
In May 2025, a new token $SNS was issued, directly replacing FIDA’s governance power. FIDA is left with only a small 5% discount feature.
The team’s own words: “$FIDA 的代幣經濟學不可持續。”
The new SNS token allocates 40% via airdrop to .sol holders; FIDA holders are not in the priority list. This is the core issue—FIDA was effectively “abandoned” by its own team.
📊 Live price & volume (Binance contracts, 2026.6.22)
✅ Positives: • SNS domains have real demand, with over 1M users • Integrations like Brave and Hashmail expand use cases • Indirectly benefits from Solana ecosystem recovery (2025 Q3 institutional inflows of $1.72B) • Fully circulating supply—no unlock-induced sell pressure
❌ Negatives: • FIDA was abandoned by the official team; governance shifted to SNS • The tokenomics were certified by the team as “unsustainable” • Huge bagholder positions from the high-price era • Volume shrinking, with funding rate staying negative
💡 Conclusion: FIDA is a short-term “zombie token”—the project is still alive (SNS domains keep running), but the coin is dead (FIDA is replaced by the new token).
Short term: support around $0.021, but there isn’t enough momentum. Long term: lack of a value-capture mechanism.
The only potential explosion point: an SNS launch of a FIDA → SNS migration/conversion plan (none currently).
📢 Action suggestion: Watch and wait. Don’t blindly bottom-fish just because it’s cheap near $0.02. If you’re bullish on Solana’s domain-service track, follow the new SNS token path.
Risks: ⬛⬛⬛⬛⬛⬛ Very high—not that the project is going to go to zero, but that the token value is being diluted.
Choose projects that generate real income, buy when they are undervalued, and hold long-term. In the crypto market, changes are fast—so you need to track dynamically and review periodically.
💡 Current BTC $63,819, 24h +0.3%. Understanding these basics will definitely help your trading.
Per-trade loss should not exceed 2% of total funds. Position size = (total funds × 2%) ÷ (entry price − stop loss price). Take profit in batches—never turn a winning trade into a losing trade.
💡 Current BTC $63,945, 24h +0.6%. Understanding these basic concepts will definitely help your trading.
🔍 Zcash (ZEC) — A desperate counterattack by privacy coin veterans
Brothers, have you ever wondered: in the so-called “transparent” world of blockchain, your transfer records can actually be seen by anyone. That’s why Zcash exists—it's a truly private cryptocurrency that can make money “invisible.”
Let me tell you a gripping story. This past June 5th, a fatal vulnerability was exposed in Zcash’s Orchard privacy pool—attackers could potentially mint unlimited fake ZEC. The moment the news broke, ZEC crashed from $630 to $252, halving in a single day, and the market was in chaos and wailing. But then the plot twist hit: the team urgently patched it within 48 hours. After that, $ZEC rebounded more than 80% from the bottom, and it’s now holding around $440. Even more importantly, the Ironwood upgrade at the end of July will activate at block height 3,417,100, completely eliminating the security risks in the Orchard pool. It will introduce a brand-new Ironwood privacy pool, and—through the “Turnstile” gate mechanism—allow anyone to audit ZEC’s total supply. This is an unprecedented transparency promise in the privacy coin space.
Let’s talk about the team—this might be Zcash’s biggest moat. The project was founded by cryptography-punk veteran Zooko Wilcox. He worked with digital cash pioneer David Chaum back in 1996, and they were co-authors of the BLAKE2 hash function. The project was incubated by Electric Coin Company (ECC). At the end of 2025, Zooko handed the baton to Josh Swihart. In early 2026, the original ECC core team spun out independently to form the Zcash Open Development Lab (ZODL), and quickly secured over $25 million USD in funding from top-tier institutions like Paradigm, a16z Crypto, Coinbase Ventures, and Winklevoss Capital—you heard that right, money backed by the big shots who invested in Uniswap and Ethereum. This shows that “smart money” on Wall Street is still betting on the privacy track.
From the data side, ZEC currently has 16.79 million in circulating supply, a market cap of $7.4B, and $430 million in 24-hour trading volume (with Binance taking the largest share). The price action and volume look healthy. Since the Zodl wallet launched, it has processed over $600 million worth of ZEC exchanges. Usage of Zcash shielded pools has grown by more than 400%, suggesting that real users are increasing.
My take: in the short term, ZEC’s key catalyst is the Ironwood upgrade rolling out (before the end of July). That’s a deterministic catalyst event. If it can hold the $460–$470 prior neckline, it may push toward $530–$550. The risk is this: it can’t be confirmed whether the Orchard vulnerability has already been exploited. If large-scale theft/minting comes to light, sentiment could crash again. Also, privacy coins have always been a target of regulators, and policy risks across countries can’t be ignored. But if you agree that “privacy is the ultimate must-have demand of Web3,” then at $440, the odds are actually pretty good.
Not investment advice—do your own research. Follow me, and I’ll dig into a coin’s underbelly every day. 👋