Game Launch

Run, train, earn: which GameFi projects to watch in 2024 According to the Messari report, in 2023, about 3.4 billion gamers brought the gaming industry $184 billion. The latter undergoes a paradigm shift once every 10 years, so the rise of the GameFi financial sector can be compared to

An organization promoting the development of the Blockchain Service Network recently announced personnel changes and new member additions, with 12 institutions joining the alliance, including a cultural and art trading organization that actively promotes a blockchain system for digital art transactions. The alliance aims to integrate resources, establish a global blockchain infrastructure, and facilitate the digitization and trading of artworks.

The total market capitalization of stablecoins has exceeded 205 billion USD, showing a strong trend of diversification. Although USDT dominates the market, its share continues to decline, while new stablecoins are emerging and offering higher yields. The market's attention towards emerging stablecoins is increasing, presenting opportunities and challenges for investors.

Recently, the Crypto Assets market has shown a volatile upward trend. Bitcoin ( BTC ) has started to rise from around $114,000, reaching the $115,000 mark before entering a short-term adjustment phase. From the hourly Bollinger Bands indicator, the three lines are synchronously sloping upwards, showing a clear bullish arrangement, indicating that the current short-term trend is relatively strong. The price is oscillating in a narrow range near the upper band, suggesting that the short-term upward momentum is slightly converging, but the support effect of the upper band is still present, and the overall strong pattern has not been broken. Based on the current market situation, investors can pay attention to the following key price levels: Bitcoin(BTC) may seek support in the range of $114,000-$113,500, with a target range above of $115,200-$115,700. Ethereum ( ETH ) may seek support in the range of $3,520 - $3,480, with an upper target range of $3,610 - $3,660. It is worth noting that the Crypto Assets market is influenced by multiple factors, and investors should closely monitor the potential impact of external factors such as the global economic situation and regulatory policies on the market. At the same time, due to the significant volatility of the Crypto Assets market, investors should also carefully assess risks and allocate assets wisely.

Ethereum's recent performance has been noteworthy, breaking through the important threshold of $3455, and then approaching the resistance area of $3530. This trend is highly in line with market expectations, bringing considerable returns to investors who seized the opportunity in a timely manner. However, market participants should not celebrate too early, as whether it can hold above the $3530 level today will be a key factor in determining the short-term trend. The recent surge in prices is driven by both technical and fundamental factors. The latest non-farm payroll data fell short of expectations, showing only 73,000 jobs added, far below market expectations. This data directly affected the market's expectations for the Federal Reserve's monetary policy, with the probability of a rate cut in September skyrocketing from 41% to 89%. Meanwhile, large investors are also actively entering the market, further driving the rise of Ethereum. However, the market still faces significant tests. If Ethereum can hold above the 3530 dollar level, then the target of 3660 dollars will be within reach. Conversely, if it cannot maintain this key position, it may trigger a pullback. Therefore, investors need to closely monitor market movements and act cautiously. Overall, although Ethereum is performing strongly in the short term, there is still uncertainty in the market. Investors should remain vigilant, pay attention to changes in both technical and fundamental aspects, and manage risks to cope with potential market fluctuations.