NFT Launch

Legends of Elumia Don't miss the world of ELU. It's time to drink coffee. $ELU

#ELU#

#PI# curses once a day, if you can persuade one, it's a win; whoever buys loses money! Fantasizing about rising several times, the bottom price is low. The batches at the peak are people who once thought like this. Don't play this coin. It's not advocating you to shorting! Go play with another coin!

The Bitcoin market has once again stirred up a storm, with prices breaking through the $120,000 barrier, attracting the attention of global investors. Data shows that large holders (commonly known as "whales") purchased approximately 60,000 Bitcoins in a single day, setting a record high since the 2021 bull run. This move may indicate a significant increase in market confidence. At the same time, institutional investors have also shown a strong willingness to enter the market. Several well-known institutions have transferred large amounts of Bit into cold wallets for storage, including Galaxy Digital. The CEO of the Japanese listed company Metaplanet even purchased 2,205 Bits at a high price of $108,000 each, and the current paper return has reached an astonishing 416.6%. From a technical perspective, multiple indicators are showing positive signals. The RSI is in the aggressive zone at 69.44, the MACD red bar continues to expand, and the long-term holder's NUPL indicator is at 0.69, indicating that the market is not yet overheated. The Bitcoin network processes up to 162 million transactions daily, with median fees dropping below $0.01. Combined with the scaling of the Lightning Network, the practical value of Bit is experiencing explosive growth. The improvement of the regulatory environment has injected new momentum into the Bitcoin market. After the U.S. SEC approved the Bitcoin spot ETF, products from BlackRock, Fidelity, and others have attracted over $25 billion in inflows. The implementation of the EU's MiCA regulation has promoted the development of compliant trading platforms, with some platforms' trading slippage reduced to 0.3%. In addition, a new bill in Texas is expected to promote Bitcoin as "digital gold," and global sovereign funds have also begun to quietly increase their holdings. However, there are still some uncertainties in the market. The current most concerning question is: Is 120,000 USD merely the starting point of this bull run? From a technical analysis perspective, if Bit can solidly hold above 120,000 USD, it may attract more follow-up funds, pushing the price towards the historical second-highest level of 150,000 USD. However, if it falls below 118,000 USD, it may replay the corrective trend seen in June. It is worth noting that the 1.19 million Bitcoins held by MicroStrategy account for 6% of the circulating supply, and its potential selling pressure has been hedged by institutional funds. Standard Chartered has even called for a target price of $170,000 by the end of 2025, indicating institutional optimism about the long-term trend of Bitcoin. In this market filled with opportunities and challenges, investors need to stay vigilant and closely monitor market trends to seize potential new entry opportunities. As the Bitcoin ecosystem continues to develop and improve, we may be witnessing the dawn of a new cryptocurrency era.

In the context of frequent fluctuations in the crypto assets market, investors are constantly seeking stable solutions that can withstand systemic risks. Recently, a project named "360 Hedong Plan" has attracted the attention of industry insiders. This plan utilizes smart contracts technology to provide participants with a long-term, stable asset management method. Specifically, the program requires participants to lock up 360 SAFE coins, after which 1 coin will be automatically released each month through smart contracts, and this process will last for 30 years. This design aims to encourage investors to adopt a long-term holding strategy rather than being influenced by short-term market fluctuations. It is worth noting that since the program is implemented based on blockchain technology, all operations are automatically executed by smart contracts, unaffected by human factors, which greatly enhances the credibility and transparency of the program. Participants do not need to worry about the program being changed or interrupted midway, as all rules have been written into an immutable blockchain. This innovative asset management model is changing people's traditional perceptions of Crypto Assets investment. It no longer relies on investors' ability to judge market trends, nor does it require so-called "luck." Instead, it relies on stable and predictable code execution, providing a certain level of assurance for participants' futures. The SAFE token transforms the concept of "long-termism" from a slogan into a practically executable contract commitment through this program. This approach not only helps stabilize the Crypto Assets market but also provides investors with a new way to preserve and increase the value of their assets. As blockchain technology continues to evolve, similar innovative financial products may become more prevalent. Investors must still carefully assess risks and fully understand the relevant technical and legal details when participating in such projects.