The crypto assets market has recently shown a positive trend. Following a significant fall in Bitcoin prices, the market experienced a strong rebound, driving a collective rise in many small crypto assets. Meanwhile, the US stock market has seen a pullback, employment data has been downgraded, and market expectations suggest that there may be two interest rate cuts this year, with a 76% probability of a rate cut in September.



In such a large environment, the crypto market presents several hotspots worth paying attention to:

First, the stablecoin concept sector performed strongly. CFX, ENA, RESOLV, CVX and other coins experienced a significant rebound. Notably, ENA will unlock tokens worth $100 million on August 5, accounting for 3% of its circulation. Nevertheless, stablecoins remain the main focus of the current market.

Secondly, the public chain IP sector shows strong resistance to falls. The rise of this sector has been supported by the Grayscale Trust, demonstrating investors' confidence in this field.

Thirdly, in the SocialFi track on the Base chain, the Zora project has shown a rebound. It is backed by Coinbase, providing strong support for its development.

Finally, the Meme coin TROLL has experienced a significant pump. Market rumors suggest that this may be manipulated by certain groups, but whether it is purely speculation or supported by actual funds still requires further observation.

Overall, despite the ongoing uncertainty in the market, the performance of multiple sectors indicates that the Crypto Assets market is gradually regaining vitality. While investors focus on these hotspots, they should also remain vigilant and carefully assess the potential risks and long-term value of each project.
BTC0.5%
CFX-0.24%
ENA1.96%
RESOLV4.68%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
StablecoinArbitrageurvip
· 10h ago
hmm, that ena unlock event gives us a juicy 3% arb opportunity... brb calculating slippage ratios
Reply0
alpha_leakervip
· 16h ago
Is this the only rise? It's boring.
View OriginalReply0
MetaverseLandlordvip
· 19h ago
This bull run is stable!
View OriginalReply0
MEVHunterZhangvip
· 19h ago
Isn't it appealing to engage in a price war with Bots?
View OriginalReply0
LiquidationKingvip
· 20h ago
Be Played for Suckers again
View OriginalReply0
ColdWalletGuardianvip
· 20h ago
Once again played by the market maker.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)