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In the current week, I aim to further develop a concept that was initially introduced and established in the previous newsletter. The prevailing narrative suggests that the Bitcoin market has experienced a notable decline in volatility, prompting investors to seek alternative avenues for generating returns. Consequently, there has been a discernible shift away from centralized entities towards on-chain platforms in pursuit of heightened market dynamics. The outcome of this phenomenon manifests as a surge in the value of Decentralized Exchange (DEX) altcoins, with remarkable rallies reaching several hundred or even thousand percentages within a mere 24-hour timeframe.

Although it is true that a significant number of altcoins can be classified as scams, it is important to note that only a select few manage to capture the attention of the mainstream market. PEPE, a cryptocurrency centered around the theme of frogs, has emerged as a notable altcoin within the crypto market. It has successfully secured listings on prominent centralized exchanges, further bolstering its visibility and accessibility to traders and investors.

During the recent surge in altcoin activity on the blockchain, Coinbase's BASE chain has emerged as a notable player, garnering significant interest from investors. Notably, the token BALD experienced an astonishing rally, increasing its value by an impressive 30,000 times within a mere 48-hour period.

The inability of investors to transfer their capital from the Layer 2 token has generated significant interest among on-chain degenerates who are constantly seeking out altcoins with high growth potential.

This week, the BASE Layer 2 chain is poised to regain attention as the project unveils the official bridge on August 9, potentially rekindling interest and generating further momentum.

The upcoming launch presents a valuable opportunity for investors to actualize their previously unrealized profits derived from tokens such as BALD and TOSHI. Moreover, it is worth noting that the prospect of this bridge could potentially ignite a surge in purchasing activity as market participants anticipate its implementation.

For individuals who possess a high tolerance for risk and are unconcerned about the potential fraudulent nature of altcoins, this presents an ideal opportunity.

The price of Bitcoin, in its current state, remains relatively stable at approximately $29,000, displaying a lack of clear trend or inclination in the near future. From a long-term perspective, it is worth examining the three-month chart to gain valuable insights. Upon analysis, it becomes evident that there is a potential for BTC to experience a downward movement within the range of $24,777 to $21,473.

In addition, it is worth noting that short-term investors may potentially experience a period of relief in light of the upcoming announcement by the U.S. Federal Reserve regarding inflation figures. This significant event is scheduled to take place on August 10 at 12:30 GMT, thereby presenting an opportunity for these investors to assess and potentially adjust their strategies accordingly.

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