👊 Alts are back on track and here are the two leaders

Arrr! Welcome aboard the corvette buidlbee crypto community, treasure hunters! Our team of seasoned sailors will today take you through a raging sea of information to an island of useful analytics and ways to get wealthy. At your destination, awaiting you:

• Altcoin market news. Is a recovery coming soon?

• Two dominant altcoins;

• Polygon (MATIC) bullish potential;

• Testing Tabi Vanguard.

Here are the lead news stories of the day:

• US inflation slowed to 3%; the previous figure was 4%.

• Jay Clayton, former head of the SEC, said in an interview on CNBC that approval of a bitcoin ETF would be "hard to resist."

• MicroStrategy shares are up nearly 40% over the past month.

• Crypto exchanges recorded a 36% decline in spot trading volume in Q2 2023.

• The bankrupt FTX exchange has started accepting applications for compensation.

• Tether issued an additional 1 billion USDT on the TRON network.

• The 7-Eleven store chain is launching free Slurpee NFTs on the Polygon network.

• The New York District Attorney's Office and the FBI have charged a 25-year-old Moroccan, OULAHYANE, with stealing approximately $450,000 worth of cryptocurrency and NFTs through the fraudulent website OpenSea. He is currently in custody in Morocco and faces up to 20 years in prison.

Is Binance about to launch an altcoin boom soon?

According to a number of experts, Binance will soon take steps that will cause strong growth in the altcoin market. Previously, CZ himself also promised the market's imminent growth, though without giving details.

The experts' hypothesis is that the planned activation of Binance Launchpad will cause a rush that will lead to a frontal price increase in the entire altcoin market. According to opinion, the altcoin market needs new successful projects and a hype atmosphere to revitalize. The emergence of such projects is a common sign of a chain reaction that leads to a bull market.

For your better awareness, here is also the performance of the recent Binance IEOs. As you can see, the results overall are very impressive.

Charts of the day

Among the many new charts, we were particularly impressed with these two.

According to Dune, already 20% of all ETH tokens are already staked (and the number of locked ETH is steadily increasing), making Ethereum increasingly deflationary.

According to this new chart, miners are RECORDLY sending Bitcoins to exchanges, and obviously we should expect a huge drop in the rate of BTC soon after this sell-off.

It's probably Glassnode's mistake or they've somehow changed their calculation formula, but this jump looks extremely unrealistic.

Random Analysis

As an example of the quality of banking analytics in relation to crypto, here are two forecasts from Standard Chartered Bank, made 6 months apart:

💲 Ideas

[1] 🔔 Two top altcoins

As trading volume gradually increases in the altcoin market (and this market seems to be starting to come alive), sentiment experts have noted that there is particularly high interest in two assets: Polygon (MATIC) and BNB.

Interestingly, in times of market crisis, experts often single out the most stress-resistant assets, as historically, it is such healthy assets that grow the fastest after passing the crisis phase. The altcoin crisis is not over yet, but it is definitely worth paying attention to MATIC and BNB.

[2] 🔔 How to enter Tabi Vanguard

Tabi is a project under the wing of Binance. It is an NFT marketplace on BSC. There are three main features in the protocol: marketplace, launchpad, and on-chain wallet activity identifier (similar to Galxe).

The quests and NFT minis from the previous posts are still available; it's a must-have to get all NFTs for at least one account. There's no telling what kind of rewards the project can give out under Binance's wing.

Tabi recently announced the opening of a form to recruit testers for the new version of the marketplace. 100 people will be selected, for whom a pool of rewards (it is not said what kind of rewards) will be allocated.

• Link to the form.

• Also adding a list of NFTs that can be minted:

• Mermaid's Quest;

• The Port.

[3] 🔔 Is Polygon (MATIC) preparing to make a jump?

MATIC has new bullish potential. If the nearest resistance is broken, the coin may form a strong impulse, RLinda analysts reckon.

The token's previous attempt to strengthen turned into a bearish wedge. The latest figure is capable of reversing the trend and changing it if it manages to break through the resistance of $0.7440.

At the moment, MA-50 is being tested, and if it is broken, the 31% range will open, which is quite an interesting prospect.

• Support level: $0.6500.

• Resistance level: MA-50, $0.7440.

• Medium-term target: $0.9700.

Success awaits only those who work hard, even if their attempts fail. Sooner or later, all efforts will pay off. We believe in you! See you tomorrow with a new batch of useful news and activities! 🐱‍🏍

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