This new column features real investment experiences shared by members of the Odaily editorial team. It does not accept any commercial advertisements and does not constitute investment advice (because our colleagues are very good at losing money). The aim is to expand readers’ perspectives and enrich information sources. Feel free to join the Odaily community (WeChat @Odaily 2018, Telegram exchange group, X official account) for discussions and rants.
Recommendation by Asher (X: @Asher_0210):
Introduction: Low market cap ambush in altcoins for the long term, gold farming in blockchain games, and being a part of the DeFi community.
Insights: The current BTC market is undergoing some adjustments. Keep an eye on the daily chart around 64500, with a bullish view if it doesn’t fall below.
DeFi: Keep farming The Beacon, a popular choice among studios due to its cost-effectiveness. Also, consider Pixelverse for easy coin collection and pet upgrades. With the upcoming second chapter in Pixels, monitor the gold farming returns amidst many studio bot accounts being banned.
Recommendation by Nan Zhi (X: @Assassin_Malvo):
Introduction: Blockchain gamer, data analyst, plays everything except NFTs.
Insights: While blockchain memes are losing traction, certain hotspots still exist. Focus on tokens endorsed by key figures or related concepts. For instance, BILLY, with a market value surpassing $20 million in six hours after being promoted by Binance, sparked interest in similar projects. Anticipate progress in the Ethereum ETF and consider buying Ethereum-related assets at a low point.
Recommendation by Azuma (X: @azuma_eth):
Introduction: Crypto enthusiast, practices DeFi, and engages in airdrops.
Insights: The ZKsync airdrop has begun. Those not looking to sell immediately can consider providing liquidity in the price range of 0.2-0.4. Keep an eye on the rebound potential of Lido (LDO) amid upcoming projects like Symbiotic, which supports all ERC20 tokens for re-staking. Pay attention to future developments in this space.
Recommendation by Golem (X: @web3_golem):
Introduction: Bitcoin ecosystem tracker, DeFi enthusiast.
Insights: Switching from SOL to ETH due to the heavy weight of the SOL market. Despite Solana’s active blockchain, it lags behind Ethereum’s impending ETF approval. Proceed with caution in rune creations as the market is volatile. Avoid ZK, ZRO, and BLAST for now and monitor their performance in early August.
Recommendation by Wenser (X: @wenser 2010):
Introduction: 10U warrior, Meme expert, part-time delivery driver.
Insights: Sports-themed altcoins are struggling, with losses starting at 15%. Clearing out other blockchain assets gradually. Despite the likely approval of the ETH spot ETF on July 2, the market sentiment remains uncertain. Holding NOT at 0.018 and anticipating more releases in the TON ecosystem. Reflecting on missed opportunities in CRV and planning for future market movements.
Recommendation by Planet Xiaohua (X: @mandywangETH):
Introduction: Contract developer.
Insights: Bitcoin is at a critical juncture, poised for a breakout above $72,000 or a dip below $65,000 towards $60,000. Regardless of the scenario, Bitcoin is expected to reach new highs, but a prolonged period of consolidation may follow a significant drop. Tight liquidity within the market and competing interests from ETFs and traditional assets may impact altcoins negatively. Avoid impulsive buying during market downturns and consider investing in Bitcoin with low leverage instead.
For previous updates, visit the links provided. Recommended readings on institutional perspectives and market forecasts are also available.
