🔼 Has everyone forgotten what Litecoin is?

What's up, guys? The sentiment in the market is slowly becoming more positive. We hope your spirits are up, too. It's us, the buidlbee crypto community team, ready to make your day even brighter! We have put all the most interesting and important things in one letter. So… Here's what we have in store for you today:

• Crypto market results in June;

• Litecoin: halving close. Let's talk about profit and caution;

• Render (RNDR) is intriguing: either $6 or $1;

• How to get Polygon zkEVM Island Hopper NFT: step-by-step guide;

• While Musk is killing Twitter, is Zuckerberg launching a better one?

And here are the main news of the day, short and to the point:

• In the last three days, there has been the largest NFT liquidation in history: more than 1,244. Over 635 Beanz were liquidated, which is about 3% of all NFT Beanz.

• The TON Foundation introduced the Open Network (TON) encrypted messaging feature.

• Bitcoin Ordinals Launchpad platform Luminex announced the launch of a new Ordinals collection standard - BRC69.

• Spot trading volumes fell to their lowest level since 2020 in the second quarter, according to a Kaiko study. Binance dropped nearly 70%, while Coinbase, Kraken, OKX, and Huobi also fell more than 50%. However, trading volumes on South Korean exchanges rose sharply in the last week of June, peaking at more than $4Bn per day.

👀 Results of the past month

The market has calmed down for now, which means there is time and possibility to look around and summarize the results of June. Undoubtedly, the U.S. regulator's attacks on crypto were the main negative event of June.

Despite the rally around ETFs over the past week, the leading altcoins, previously designated as securities by the SEC, showed a significant drop of 30% in open interest. They have also been delisted from many exchanges around the world, as we wrote about earlier.

The chart clearly shows how the owners of these assets suffered amid the rise of Bitcoin:

This situation shows the unpredictability of the market — if before altcoins always grew after Bitcoin (or even ahead of it), this time the market was in for a surprise with a division into losers and winners from the latest pump.

The following chart shows the top 10 most profitable digital assets in June 2023. Only assets with a certain level of trading volume were analyzed, i.e., shitcoins are not here:

Let's dwell on the leaders because the rating is very surprising:

• We wrote about the unexpected growth of BCH yesterday; this altcoin received a strong growth impulse due to the mistake of bankrupt Celsius.

• No less surprising is the growth of another bankrupt FTT (on the rumor of a FTX relaunch).

• Serum is another example of a very unexpected surge; the project in pre-bankruptcy also managed to surprise a lot of people.

In any case,investing in a personal portfolio such as bankrupt companies or tokens is a bad idea, but it is worth thinking about this interesting situation.

Compare in a moment: June vs. July

Turning from the monthly data to the current data, it is obvious that Verge (XVG) is currently the most trending and fastest-growing asset. The market value of Verge has more than tripled (+270%) in just 48 hours. But you have to be careful because Verge belongs to the group of privacy coins, and regulators traditionally don't like privacy-focused cryptocurrencies like Verge.

For academic purposes, we compared the price dynamics of the last month's leader (BCH) with the current leader (XVG):

💲 Ideas

[1] 🔔 Speculating on Litecoin requires caution

Previously, we suggested keeping a close eye on Litecoin because it is expected to undergo halving in July, which has traditionally led to price growth. Since our last signal, LTC is up 21%, and in the last two weeks, the coin is up 42%. Nevertheless, there comes a time when you have to be cautious.

Halving will happen around July 27 of this year, but already the gradual increase in the level of sales of those who fix profits is noticeable. We're sure that the level of sales will increase as we approach the halving.

The main task for the speculator is to determine the price peak (or the value of an acceptable take profit) and close the position in time, and everyone who has decided to take a ride on the halving effect will compete in this. It is hard to say until what moment the rise and social hype connected with it will continue, but probably until August, the growth of LTC will exhaust itself.

[2] 🔔 Render (RNDR): stand or fall

According to P_S_trade technical analysis, RNDR/USDT is on the edge. On the one hand, the chart shows the obvious "Head and shoulders" pattern (classical graphical trend reversal pattern) with a target of $1.10.

However, for this pattern to come true it is necessary for the RNDR price to consolidate below $1.90, or better yet, for it to fall to $1.50 and stay above $1.90.

On the other hand, trading bots can cause the Render to start taking off when stop-loss orders are triggered on a short position (many shorts were taken).

That said, the RNDR has a strong liquidity zone, which would be difficult to penetrate.

[3] 🔔 How to get Polygon zkEVM Island Hopper NFT

On Galxe, in celebration of the integration ZkEVM network on the PancakeSwap has launched some tasks. By completing them, you can both warm up your account activity and get NFT.

What to do

• Go to the campaign page and mint NFT;

• Subscribe to the Twitter page;

• Join Discord

• Join Telegram

• Make any 1 swap here;

• Watch the video;

• Like this tweet;

• Retweet this tweet.

Participants will have an additional 3 days (until August 20 15:00 UTC) to claim the completed tasks as long as it is performed by the August 17 15:00 UTC deadline. All eligible addresses will be updated daily, every 24 hours. If there’s a message "You are NOT eligible," check back after addresses have been updated.

While Musk is killing Twitter, is Zuckerberg launching a better one?

The upcoming fight between Mark Zuckerberg and Elon Musk has taken an unexpected turn. While everyone is eagerly awaiting the official location and the start of the physical battle, the competition has moved into the virtual realm.

Mark Zuckerberg strikes back! According to The Wall Street Journal, Meta Platforms is preparing to launch a microblogging platform called Threads, which is very similar to Twitter.

Interestingly, the news of this came just after the wave of criticism that hit the head of Twitter at the beginning of July 1. Users of the social network complained about many problems, and Musk responded by announcing the restrictions for users. Apparently, the joke did not work well, and the competitor took it as a chance.

It seems the billionaire wants everyone to have a Twitter Blue subscription by any means necessary. Musk completed his acquisition of Twitter in October 2022 and served as CEO until June 2023. He was replaced by Linda Yaccarino.

During Musk's time at the wheel of Twitter: there have been significant cuts in spending, resulting in cuts, poor content moderation, and the abandonment of features such as blacklists.

It appears that the X app "for everything," which the billionaire has already teased several times, will be just as soulless.

Something tells us this summer is going to be very interesting. We just have to keep our 👂 to the ground and not miss anything important.

🚨 Attention!

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