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🔥🔥🔥 #Fantom Meme Season Campaign Launched To Attract New Users And Developers Fantom has launched the Fantom Meme Season campaign, aiming to attract new users and developers by showcasing its cutting-edge technology. The campaign, running from June 1 to June 30, offers a reward pool of 10 million sFTMx tokens, with the first round featuring 1 million tokens. The campaign focuses on #memecoins , defined as ERC-20 tokens emphasizing community and meme culture without monetary incentives or products. Prizes are awarded based on a point system, with the top three memecoins each round declared winners. Additionally, Fantom is transitioning from its Opera network to the new Sonic chain, offering higher throughput and #Ethereum connectivity via a custom #Layer2 bridge. This transition aims to enhance the network's capabilities and attract Ethereum assets while showcasing Fantom's technological advancements. #CryptoUpdates

🔥🔥🔥 #Fantom Meme Season Campaign Launched To Attract New Users And Developers

Fantom has launched the Fantom Meme Season campaign, aiming to attract new users and developers by showcasing its cutting-edge technology. The campaign, running from June 1 to June 30, offers a reward pool of 10 million sFTMx tokens, with the first round featuring 1 million tokens.

The campaign focuses on #memecoins , defined as ERC-20 tokens emphasizing community and meme culture without monetary incentives or products. Prizes are awarded based on a point system, with the top three memecoins each round declared winners.

Additionally, Fantom is transitioning from its Opera network to the new Sonic chain, offering higher throughput and #Ethereum connectivity via a custom #Layer2 bridge. This transition aims to enhance the network's capabilities and attract Ethereum assets while showcasing Fantom's technological advancements.


#CryptoUpdates

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#Paxos Unveils Yield-Generating #stablecoin Lift Dollar Paxos has launched a yield-generating, USD-denominated stablecoin called the Lift Dollar (USDL), offering users a programmatic daily rate of around 5%, which aligns with returns on U.S. Treasury bonds. The USDL is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Issued by Paxos International, the UAE division of the #cryptocurrency trading platform Paxos, USDL aims to provide a stable and secure investment option. The stablecoin is backed 1:1 with dollars and supported by short-term U.S. government securities, ensuring all assets are safely positioned away from any potential bankruptcy situations. This structure is similar to other stablecoins issued by Paxos, such as PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG). Paxos CEO Charles Cascarilla highlighted that the Lift Dollar is designed to be more like a savings product than a traditional checking account product, democratizing access to the risk-free rate in a secure manner. “We’ve added programmatic daily yield so this looks a little bit more like a savings product than a checking account product, which is maybe the way to think about traditional stablecoins,” Cascarilla said. “[USDL] is going one step further from democratizing access to dollars, to also democratizing the risk-free rate, in the safest manner possible.” Although USDL will not be available in the U.S. due to regulatory constraints, it will be accessible to users in other regions, including Europe, the UK, and Japan. The launch will particularly target Argentina, where it will be distributed through partners such as Ripio, Buenbit, and TiendaCrypto. “For the launch, we're foregoing the 30 basis points (bips) of our asset management fee. So we’re only holding back 20 bips, meaning users will get more than 5%,” said Daya in an interview. Source - coindesk.com #CryptoTrends2024 #BinanceSquareTalks
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🚀🚀🚀 #Dogecoin‬⁩ Holds Strong Support: $DOGE Primed for a Major Move Higher! Dogecoin is gaining momentum above the $0.160 resistance level against the US Dollar, with DOGE holding its gains & potentially aiming for a move above $0.1650. DOGE Price Trends Upwards - Dogecoin is rising steadily above the $0.160 resistance zone. The price is trading above $0.160 & the 100-hourly simple moving average. - A key bullish trend line is forming with support near $0.160 on the hourly chart of the DOGE/USD pair (data source from Kraken). - The price needs to settle above $0.1650 to gain bullish momentum & move higher. Dogecoin Price Holds Support - In recent sessions, Dogecoin's price began a steady rise above the $0.1500 zone, similar to #bitcoin & #Ethereum . DOGE bulls managed to push the price past the $0.160 resistance zone. - The recent high was around $0.1646 before a downside correction started. There was a dip below the $0.1620 support zone, briefly touching the 23.6% Fib retracement level of the upward move from the $0.1571 low to the $0.1646 high. - Dogecoin is trading above $0.160 and the 100-hourly SMA, with a bullish trend line forming near $0.160 support. It faces resistance at $0.1640 and $0.1650; breaking $0.1650 could push the price to $0.1720, $0.1750, and potentially $0.1800. Potential Downside Correction - If DOGE fails to surpass the $0.1650 level, it may start another decline. Initial support on the downside is near the $0.160 level & the trend line, close to the 50% Fib retracement level of the upward move from the $0.1571 low to the $0.1646 high. - The next major support is near $0.1580. A break below this support could lead to further declines, potentially bringing the price down to around $0.1520. Technical Indicators - Hourly MACD: The MACD for DOGE/USD is losing momentum in the bullish zone. - Hourly RSI (Relative Strength Index): The RSI for DOGE/USD is above the 50 level. - Major Support Levels: $0.1620, $0.1600, $0.1580 - Major Resistance Levels: $0.1640, $0.1650, $0.1720 Source - newsbtc.com #BinanceSquareTalks
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💥💥💥 #BNB⁩ Sets New ATH at $711 This Cycle After 10% Spike in Under 24 Hours, More ATHs Expected as #AltSeason Arrives BNB Reaches New All-Time High at $711, Sparking Altseason Speculation - BNB has set a new all-time high (ATH) at $711.56, according to CoinMarketCap analytics, following a 10% surge in under 24 hours. This significant rise has fueled speculation that the long-awaited altseason may be on the horizon. BNB Hits New ATH - Binance’s native token BNB has achieved a new ATH of $711.56, surpassing its previous record. This surge followed a substantial gain from a low of $597 on Sunday. Currently, BNB is trading at $701, marking an over 10% increase in the past 24 hours. BNB’s market cap now stands at $103.1 billion, with a 24-hour trading volume of $4.06 billion, up nearly 40%. Drivers of BNB’s Surge - The sudden spike in BNB’s price is largely attributed to heightened activity on Binance’s Launchpad and Launchpool platforms. Users of these services must purchase and stake BNB to earn shares of newly issued tokens, driving demand for the asset. Notably, the recent launch of the popular Telegram-based gaming token Notcoin (NOT) on Binance Launchpad has contributed to BNB’s growth. Additional Factors - Bernd Sischka, Chief Commercial Officer at PowerTrade, reported that 11,250 options were traded, further boosting BNB’s popularity and price. He anticipates increased volatility as we approach 2024. Altcoin Market Rise - The broader altcoin market has also experienced a general rise. Wu #Blockchain notes that BNB’s market value has returned to over $100 billion, a level not seen since December 2021. Additionally, TON has risen by over 8%, entering the top 10 #cryptocurrencies by market value. Altseason Speculation - With BNB’s new ATH and the overall positive movement in the altcoin market, there is growing speculation that this could signal the start of the much-anticipated altseason. Source - cryptonewsland.com #BinanceSquareAnalysis
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🚀🚀🚀 #UniSwap Price ($UNI ) Pumps 20%: Is This the Start of a Major Rally? UNI Price Surges Above $10.50, Targeting Further Gains Key Highlights: - UNI has surged past the $10.50 resistance, showing strong upward momentum. - Currently trading above $11.20, supported by the 100-hour simple moving average. - A significant break above a bearish trend line at $10.35 was observed. - #Bulls are aiming for further gains above $12.00 in the near term. UNI Price Momentum Uniswap's price established a base above $9.20 and started climbing, mirroring #bitcoin and #Ethereum 's movements. UNI broke through key resistance levels at $9.80 and $10.00. The price surpassed a bearish trend line at $10.35, continuing its rise past $10.50 and $11.50, approaching the $12.00 mark. A peak was formed near $11.795, with the price now consolidating around the 23.6% Fibonacci retracement level of the rise from $9.28 to $11.95. Currently, UNI is above $11.20 and the 100-hour simple moving average. Immediate resistance is at $11.55, followed by major resistance at $12.00. A close above $12.00 could lead to further gains, with targets at $12.20, $12.50, and potentially $13.50. Support Levels for Uniswap If UNI fails to break $11.95 or $12.00 resistance, it may correct downwards. Key support lies at $11.00 and $10.60, aligning with the 50% Fibonacci retracement from $9.28 to $11.95. Falling below $10.60 could lead to a decline towards $10.20. Technical Indicators: - Hourly MACD: Gaining momentum in the bullish zone. - Hourly RSI: Above 50, indicating bullish sentiment. - Major Support Levels: $11.00, $10.60, $10.20. - Major Resistance Levels: $11.55, $12.00, $12.20. Source - newsbtc.com #cryptocurrency
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