🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥

Short-term (by end of 2023): 🤏
- Bitcoin to rise from $30,000 to $40,000.
- Factors: Institutional accumulation, positive ecosystem developments, limited downside.

Short-term (early 2024): 🔼
- Bitcoin to reach $50,000-$60,000 pre-halving in April 2024.
- Factors: Halving anticipation, retail investor demand, potential short squeeze.

Medium-term (around 2025): 👀🐮
- Bitcoin ATH $100,000-$150,000.
- Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.

Long-term (post-ATH, possibly end of 2025): 🐻
- Bitcoin to consolidate around $40,000-$50,000.
- Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.

What you think, let me know in the comments... 🔥🔥😍😍😍

**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.

$BTC #CryptoTalks #crypto #BinanceSquare #BinanceTournament

🐕🐾🔥 Shiba Inu: $100 to $1.6 Billions

If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀

Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens.
The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀

This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥

Here is a table that summarizes your investment:🐮🐮🐮

Investment Purchase price Sale price Profit
$100 in SHIB $0.000000000056 $0.00008845 $1.6 billion

Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB

#crypto #BinanceSquare #TrendingTopic

👉👉👉 Get Ready for a DeFi Summer: #Synthetix ’s 2 Million $ARB Giveaway Heats Up on Arbitrum

Synthetix, a leader in decentralized finance (DeFi), is expanding its presence on the Arbitrum network, a pivotal step in its evolution. This move is part of the Arbitrum Liquidity Incentive Program (LTIP), spanning 12 weeks until September 3rd, supported by 2 million ARB tokens. The initiative aims to boost liquidity, promote stablecoin adoption, and optimize the Perpetual Contracts (Perps) trading environment on Arbitrum.

Synthetix is renowned for its decentralized derivatives infrastructure, powering over 80 derivative markets through its proprietary Synthetix Perps system. Notably, Synthetix has facilitated over $50 billion in trading volumes and introduced delta-neutral liquidity provision, distributing more than $25 million in trading fees to participants.

Utilizing ARB Rewards for Ecosystem Growth

The 2 million ARB tokens will be strategically distributed as follows:

- 1,000,000 ARB allocated for liquidity provider incentives to stimulate trading activity.

- 900,000 ARB set aside for trading fee rebates, offering up to 75% discounts on fees paid.

- 100,000 ARB dedicated to bolstering #stablecoin liquidity, emphasizing their crucial role in sustainable DeFi models.

Participants can engage in various beneficial activities under this program. Liquidity providers can deposit #USDC✅ , $ETH , ARB, and soon Ethena USDe into Synthetix pools. Additionally, supplying liquidity to USDx/USDC pools on Ramses, a prominent Arbitrum DEX, will soon be possible.

These initiatives, including new Perps trading options, present compelling opportunities for active participants in the perpetual derivatives trading sector to join as launch partners. By integrating with supported platforms, participants can earn fee rebate rewards, fostering engagement and volume growth.

Source - blockchainreporter.net

#CryptoTrends2024 #BinanceSquareTalks

#GameStop (GME) Erases MTD Gains Amid #RoaringKitty 's Hibernation

Roaring Kitty's Silence Impacts GameStop (GME) Ecosystem Amid Price Decline

GME Price Decline Continues

- GameStop's stock price has faced significant declines in recent weeks, exacerbated by the absence of influential trader and social media figure #KeithGill , known as Roaring Kitty.
According to Yahoo Finance, GME was trading at $23.09 at the time of writing, marking a nearly 3% drop from Monday's closing and a 7% decrease over the past week. This latest downturn has contributed to a monthly decline of just over 3%, equating to approximately $0.75.

Recent Stock Movement

- The recent trajectory of GameStop's stock is a stark contrast to its highs just three weeks ago. In early June, the stock reached a monthly peak of $46.55 following Gill's announcement of acquiring a position worth nearly $600 million. This move sparked a remarkable 47.45% increase in one day, closing at $46.55 on June 6. Concurrently, the Solana-based #Memecoin🤑🤑 GME surged by 118%.

- However, shortly after, Gill reported a loss of $350 million in profits as the stock plummeted by 50% within two days. Subsequently, GameStop continued to experience losses, erasing much of its earlier gains.

GameStop's Strategic Shift

- GameStop's CEO, Ryan Cohen, recently indicated a strategic pivot towards achieving profitability by focusing on smaller networks of stores nationwide. This unexpected announcement further impacted the stock's value, leading to a 13.4% decline with shares trading at $24.86. Had the stock continued its upward trajectory, reaching as high as $65, bullish investors could have potentially seen their holdings reach $1 billion.
However, this scenario did not materialize.

Gill's Actions and Speculation

- Keith Gill exercised GME options, boosting his shares from 5M to over 9M, valued around $206M. Speculation on board membership halted by postponed shareholders' meeting, reflecting GameStop's volatile investor sentiment.

Source - coingape.com

#BinanceSquareTalks

👉👉👉 Cardano Hit With Massive #DDoSAttack Yet Thriving, Here's Reason

Cardano Blockchain Faces DDoS Attack with Limited Impact on Mainnet

The Unexpected Twist with Cardano DDoS Attack

The Cardano blockchain recently experienced a Distributed Denial-of-Service (DDoS) attack, yet it has managed to continue functioning with minimal impact on its #mainnet . The attack reportedly began at Block 10,487,530.

Hacks and Attacks in the Digital Currency Ecosystem
Hacks and related cyber attacks are not uncommon in the digital currency ecosystem. Many #layer1 networks have faced such threats, but Cardano has demonstrated a unique resilience. According to Crypto Capital Founder Dan Gambardello, Cardano remains fully operational despite the attack due to its decentralized nature, which spreads out the load, preventing a single point of failure.

Details of the Attack

According to "elraulito," the #CTO of Fluid Tokens, the attack has not ceased. The attacker is executing each transaction with a total of 194 smart contracts, spending 0.9 ADA per transaction while filling each block with numerous transactions. These smart contracts are of the REWARD type, allowing large transactions with minimal expenditure.

Despite the ongoing attack, Cardano has not experienced any chain halts or significant congestion. Remarkably, the price of ADA, Cardano's native token, has risen by 7%, reaching $0.3964. Over the past 24 hours, the price has surged from a low of $0.3667 to a high of $0.3968.

Not a Time for Hiccups

Cardano is set for major ecosystem upgrades with the Chang hard fork expected by month's end. Founder #charleshoskinson confirms the timeline, and despite no recent updates, the community remains optimistic. Cardano's successful handling of a recent DDoS attack has strengthened confidence in its readiness for the transition to a self-governing protocol.

Source - coingape.com

👉👉👉 #chatgpt Predicts $XRP Price if SEC Lawsuit Never Happened

XRP investors missed out on the 2021 bull run as the asset only reached $1.96. Many attribute XRP's failure to reclaim its previous all-time high during the last bull season to the ongoing lawsuit against Ripple.

On December 20, 2020, the U.S. SEC filed a lawsuit against Ripple and its executives, Christian Larsen and Brad Garlinghouse, alleging a $1.3 billion unregistered securities offering through XRP. This legal action prompted U.S.-based exchanges to delist XRP temporarily, resulting in price declines.

Meanwhile, the broader #cryptocurrencymarket was entering a new bull cycle driven by #Bitcoin's third halving. However, the lawsuit constrained public access to XRP, curtailing its bullish momentum. Specifically, XRP peaked at $1.965 on April 14, 2021, while Bitcoin continued its upward trajectory for another six months until November 2021.

XRP's current price is $0.47, lower due to the SEC lawsuit. Enthusiasts recall its 75,000% surge in 2017/2018, briefly ranking it second to Bitcoin, ahead of Ethereum.

Exploring XRP's Potential Without the Lawsuit

- Considering XRP's potential price without the SEC lawsuit is speculative, but leveraging insights from ChatGPT, key factors like market sentiment, Ripple's partnerships, and historical performance were considered.

Moderate and High Growth Scenarios

- In a moderate growth scenario, assuming favorable developments and adoption without legal constraints, ChatGPT predicts XRP could increase by 50-100% from its pre-lawsuit price of approximately $0.60 in December 2020. This suggests XRP could range between $0.90 to $1.20.

- In a high-growth scenario, ChatGPT projects a 150-200% increase, potentially pushing XRP's price to $1.50 to $1.80.

Aggressive Growth Scenario

- In a bullish scenario, ChatGPT speculates XRP could rise 300-500% to reach $2.40-$3.60, nearing its 2018 high of $3.84. This potential increase from its current $0.47 price level would be substantial.

Source - thecryptobasic.com

#CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 #BlackRock⁩ #BitcoinETF💰💰💰 Surges with $1.1 Billion Trading Volume Today!

Key Points:

- Today, BlackRock's spot Bitcoin ETF achieved a significant milestone, surpassing $1.1 billion in trading volume. This milestone signals robust investor interest and active market participation in cryptocurrency ETFs.

Strong Investor Interest

- The high trading volume of the ETF reflects strong engagement from both institutional investors seeking exposure to Bitcoin's price movements and retail investors navigating the cryptocurrency market. It has become a focal point for investors of all types looking to capitalize on Bitcoin's potential growth.

Institutional and Retail Appeal

- Managed by the New York-based global investment giant BlackRock, the ETF has garnered attention as a reliable vehicle for gaining exposure to Bitcoin without direct ownership. Its size and liquidity make it a preferred choice for investors aiming to navigate the volatile #cryptocurrencymarket effectively.

Market Confidence and Demand

- The $1.1 billion trading volume underscores BlackRock's prominent role in the cryptocurrency investment landscape. Beyond providing exposure to Bitcoin, the ETF also serves as a barometer of investor confidence and sentiment towards digital assets, reflecting a growing acceptance and interest in cryptocurrencies.

- This achievement highlights the ETF's pivotal role in facilitating diverse investor participation and supporting market dynamics in the evolving digital currency space.

Source - coincu.com

#CryptoTrends2024 #BinanceSquareBTC

🔥🔥🔥 #parabolic $BTC Surge Imminent as #bitcoin☀️ Enters the Dramatic Banana Zone, New ATH Soon?

Bitcoin’s ‘Banana Zone’: A Phase of Rapid Price Escalation

Bitcoin’s Banana Zone signifies a period of rapid price escalation, drawing significant market and investor interest.

Concept of the Banana Zone

- Definition: A phase where Bitcoin experiences dramatic upward surges, characterized by a parabolic rise, prompting investor regret for not buying sooner.

- Contrast with Fiat: Bitcoin’s rise as rules-based money, differing from traditional fiat's debt-based model.

Credibility of Raoul Pal

- #raoulpal : A former high-ranking executive at Goldman Sachs, his credibility in financial markets supports the Banana Zone concept.

- Influence on Investors: Pal’s advice led Robert Kiyosaki to invest in Bitcoin, buying 30 Bitcoins at $6,000 each, which have since appreciated significantly.

Impact of Bitcoin’s Rise

- Rules-Based Money: Bitcoin operates on a fixed set of principles without government interference, unlike fiat money, which can be printed at will, leading to inflation and devaluation.

- Investor Sentiment: Bitcoin's rise is seen positively by many investors due to its independence from government control.

Current Market Status

- Bitcoin Price: Trading at $61,795.53 with a 24-hour trading volume of $28.55 billion, reflecting a 1.12% increase in the last 24 hours.

Shifts in Perspectives

- #robertkiyosaki : Previously suggested Bitcoin was crashing, now acknowledges the importance of long-term investment strategies due to the market's volatility and dynamic nature.

Summary

Bitcoin’s Banana Zone signifies a period of rapid price increase, highlighting its distinction as rules-based money and drawing interest from investors. Raoul Pal’s credibility supports this concept, influencing significant investments like that of Robert Kiyosaki. Despite market volatility, Bitcoin’s long-term potential continues to attract attention.

Source - cryptonewsland.com

#BinanceSquareBTC

💥💥💥 $BNB Price Struggles as Bullish Momentum Wanes: Can It Overcome Hurdles?

BNB Price Targets Higher Levels Amid Recovery

BNB has started a recovery from the $550 support zone, currently consolidating and facing resistance near $585 and $592.

Current Price Movement

- Recovery Initiation: BNB began rising from $550.

- Current Position: Trading above $575 and the 100-hourly simple moving average.

- Chart Pattern: A short-term rising channel with support at $578 on the hourly chart (source: Binance).

Recent Performance

- Decline: BNB fell from $592, dropping below $575 and $560 before finding support at $550.

- Recovery: Climbed above $565 and $575.

- Fibonacci Retracement: Surpassed the 61.8% retracement level of the $593 to $550 drop.

- Resistance: Immediate at $583 (76.4% retracement level); next at $585.

Potential Upside

- Above $585: Could push to $592, and a close above might lead to $620 and possibly $632.

Potential Downside

- Failure at $585: May decline to $578, then $572, and possibly $565. A break below $565 could lead to $550 and further to $532.

Technical Indicators

- MACD: Losing pace in the bullish zone.

- RSI: Above 50, indicating #BullishSentiment .

Support and Resistance Levels

- Support: $572, $565.

- Resistance: $585, $592.

Summary

BNB is recovering from $550, with targets above $585 for further gains. Failure to surpass $585 could lead to declines towards $565 and $550.

Source - newsbtc.com

#BinanceSquareTrends #BNBAnalysis #CryptoMarkets

🔥🔥🔥 #bitcoin☀️ Holds $61K After a Brief Nosedive

Bitcoin (BTC) is currently trading above $61,000 after briefly dipping to $59,200 as the Asian trading day commenced.

The cryptocurrency has faced significant selling pressure due to continued ETF outflows, upcoming Mt. Gox bankruptcy redemptions, and miner sales. Despite this, Bitcoin has stabilized above $61,000, though it remains down 2% over the past 24 hours and 6% over the past week, according to CoinDesk Indices data.

The CoinDesk Indices Bitcoin Trend Indicator reflects a notable downtrend, while the CoinDesk 20, which tracks the largest digital assets, is relatively flat. Ether (ETH) has not experienced the same pricing pressure as Bitcoin.

Meanwhile, the ether staking protocol Lido ($LDO ) continues to outperform the market, showing a 14% increase in the past day and a 25% rise over the last week, as traders remain impressed with its fees, revenue, and total value locked.

In recent days, Bitcoin has faced considerable sell pressure due to the anticipated Mt. Gox bankruptcy redemptions and miner sales. Market data indicates that #BitcoinETFs saw an outflow of $174 million by the close of trading in New York on Monday, ending last week with nearly $1 billion in outflows.

Polymarket bettors are currently giving a 14% chance that Bitcoin will rebound to $65,000 by the end of the week, while there is a 71% chance that the ether ETF will begin trading by July 4.

Source - coindesk.com

#CryptoTrends2024 #CryptoMarkets #BinanceSquareTrends

💥💥💥 Will $NEAR Protocol Look For Bullish Reversal Or Continue Plunging? 

NEAR Protocol (NEAR) Price Analysis

Current Situation

- NEAR Protocol has initiated a recovery phase after dropping below the 200-day EMA and facing strong selling pressure, particularly since early June. The cryptocurrency is striving to stabilize around the $5 level, a critical psychological and technical support zone.

Bullish Chart Pattern

- On the daily NEAR/USD chart, there is a notable formation of a bullish flag pattern, indicating potential for upward movement if key resistance levels are breached.

Price Potential

- NEAR could see a significant upside of over 35% if it manages to surpass the recent hurdle at $5.75.

- The formation suggests a rebound scenario towards $8, contingent on broader market conditions improving.

Market Dynamics

- Despite recent declines, NEAR remains the 17th largest cryptocurrency with a market capitalization of $5.68 billion. Daily trading volume surged by over 160% to $493.8 million, reflecting active market participation.

Weighted Sentiment and Market Outlook

- The weighted sentiment curve currently hovers near neutral, indicating a balanced sentiment among investors and traders.

- A shift above the zero line in the sentiment curve could signify a positive bias and potential price gains for NEAR.

Technical Analysis

- NEAR is finding support near the dynamic 200-day EMA, a critical level for determining market sentiment.

- The bullish flag pattern on the daily chart suggests a potential rebound from the lower boundary of the pattern, reinforcing bullish prospects if resistance levels are breached.

Conclusion

NEAR Protocol aims for stability at $5, supported by a bullish chart pattern. A breakout above $5.75 could drive rally to $8 amid market recovery. Sustained weakness may test lower supports, impacting short-term trajectory.

Source - thecoinrepublic.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
#CryptoBullish

👉👉👉 #SolanaDown 15% in past seven days amid claims of alleged $SOL investigation

Solana has been thrust into the spotlight amid claims by analyst Crypto Bitlord regarding an alleged investigation, sparking a wave of criticism and controversy among crypto analysts and Solana supporters on X.

According to Crypto Bitlord's recent tweet, rumors of an investigation into Solana have been circulating for several weeks. The X community heavily criticized the influencer for his assertion, labeling it as mere speculation rather than verified information.

The tweet coincided with Solana's recent price decline, with the cryptocurrency witnessing a 15% drop over the past seven days. This combination of price movement and speculative claims amplified concerns within the market.

Among the reactions, #CryptoAnalyst Evanss6 (@Evan_ss6) expressed a pessimistic outlook, suggesting that the community might be witnessing the "death of Solana."
Conversely, Luke (@toroscrypto) supported Crypto Bitlord's stance, referencing earlier predictions that Solana could face challenges similar to those experienced by LUNA in previous cycles.

In contrast, analyst Ricki.sol (@rickicryptostix) of #MonkeDAO dismissed Crypto Bitlord's allegations as baseless, labeling the supposed investigation as "nonsense."

Solana Labs has yet to respond to inquiries regarding these developments from FXStreet.

Source - fxstreet.com

#CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 #Chainlink Signals Upside Break: Analyzing $LINK ’s Bullish Indicators

Chainlink (LINK) Price Analysis

Current Status

- Chainlink's price is showing bullish signs, rebounding from the $12.65 support level and trading above $13.50 and the 100-hourly SMA.

Key Developments

- Bullish Momentum: LINK has moved up from $12.65, surpassing $13.00 and $13.20.

- Trend Line Break: A significant break above a bearish trend line at $13.60 on the hourly chart.

- Fibonacci Levels: Price surpassed the 50% retracement of the drop from $14.82 to $12.66, currently testing the 61.8% level near $14.05.

Resistance Levels

- Immediate resistance at $14.05.

- Key resistance at $14.20. A break above this could push LINK to $14.50, $14.80, and potentially $15.00 and $15.50.

Support Levels

- Initial support at $13.80.

- Major support at $13.65 and the 100-hourly SMA. Further downside could test $13.50 and $12.90.

Technical Indicators

- MACD: Gaining momentum in the bullish zone.

- RSI: Above 50, indicating bullish sentiment.

Outlook

- Chainlink could rise further if it breaks the $14.20 resistance. Failure to do so might lead to a correction towards $13.80 or $13.65.

Conclusion

Chainlink is positioned for potential gains above $14.00, with key resistance at $14.20. Support levels to watch include $13.80 and $13.65.

Source - newsbtc.com

#CryptoNewssCommunity #BinanceSquareTalks #CryptoMarkets

💥💥💥 Important #Shibalnu ($SHIB ) Metric Skyrockets Amid Market Volatility

Shiba Inu (SHIB) experienced significant market volatility in the past 24 hours. As reported by CryptoPotato, the popular meme coin dropped by approximately 6.4% at one point yesterday. However, SHIB has since begun to recover and is now trading with a 3% gain compared to its price yesterday.

Data from CoinMarketCap indicates that SHIB's trading volume surged by an impressive 140% over the past 24 hours. Despite this increase in trading activity, the burn rate remains negative. According to Shibburn, the burn rate declined by 0.49% over the past day, with only 10 million SHIB being destroyed.

The overall meme coin sector has also rebounded following yesterday's market turbulence. CoinGecko data shows the category is up 4.8% in the past 24 hours. Notable gainers include WIF, which is up 18.4%, $BONK , up 15%, and $FLOKI , up 12%. By comparison, SHIB's performance lags behind these peers.

Source - cryptopotato.com

#CryptoNewsCommunity #BinanceSquareTalks #cryptoupdates2024

🔥🔥🔥 AI tokens $FET , $AGIX , $OCEAN , and #ARKM surge despite market sell-off

Several artificial intelligence (AI)-related cryptocurrencies have shown remarkable performance despite the market downturn on Monday. Among the top performers are Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM).

According to CoinGecko data, Fetch.ai (FET) surged by 20% in the past 24 hours, with its current price standing at $1.69. Ocean Protocol (OCEAN) also demonstrated a positive trend, increasing by 15% to $0.68. Similarly, SingularityNET (AGIX) saw a 15.5% rise, currently trading at $0.68.

This price rally coincides with the Artificial Superintelligence Alliance's announcement, involving SingularityNET, Fetch.ai, and Ocean Protocol, about initiating the ASI token merger on July 1. Earlier, the alliance had postponed the merger to July 15.

Additionally, Arkham (ARKM), the native token of the AI-driven blockchain analytics platform Arkham, experienced a 16% increase in the past 24 hours, now trading at around $2.

The surge in AI-related tokens occurred amid a broader market correction triggered by news that the defunct crypto exchange Mt. Gox plans to repay its creditors $9 billion in July.

Historically, such news from Mt. Gox has led to market sell-offs. For example, last month, Bitcoin's price dropped from $70,000 to $68,500 following Arkham's report that a Mt. Gox-associated wallet was transferring 140,000 BTC (approximately $9 billion) to a new wallet, likely in preparation for creditor repayments.

Following the latest announcement, #Bitcoin's price fell below $59,000 but later recovered to over $61,000, still reflecting a 2% decline in the past 24 hours. Over the month, Bitcoin has seen an almost 11% drop.

Source - cryptobriefing.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets

💥💥💥 #Shibalnu ($SHIB ) Executive Issues Unexpected Solana Warning

Shiba Inu (SHIB) marketing executive LucieShib has issued a significant warning to the Solana ($SOL ) community concerning the escalating incidents of scams.

Beware of Celebrity Scams

- Lucie, known for her vigilance within the Shiba Inu ecosystem, directed this latest caution specifically at SOL holders, particularly those involved in airdrop activities. According to the SHIB executive, many of the Solana addresses being promoted by celebrity accounts are likely compromised due to recent hacking incidents.

- In typical airdrop scenarios, celebrities publicly share their addresses, prompting community members to send funds with the expectation of receiving an airdrop. However, over the past week, several high-profile social media accounts have been exploited for fraudulent activities.

- One of the prominent victims was the X account of 50 Cent, which was manipulated to defraud investors of approximately $300 million. The American rap star vehemently denied his involvement in the fraudulent activities, clarifying the situation on his Instagram page.

- This wave of scams targeting celebrities has prompted figures like Lucie to raise awareness within their respective communities, offering guidance on how to avoid falling victim to such schemes.

Persistent Crypto Scams

- Despite ongoing efforts to educate the public, the allure of quick profits continues to lure crypto enthusiasts into various scams. Some scams utilize sophisticated techniques like deepfake videos, designed to deceive with startling realism. Notably, the XRP ecosystem & Ripple executives have been frequent targets of these malicious deepfake videos.

- Executives at Ripple, including the CEO & CTO, have periodically cautioned their communities to remain vigilant against such manipulative tactics. As the prevalence of crypto scams shows no signs of diminishing, investors are strongly advised to rely solely on announcements from official social media channels associated with their respective projects.

Source - u.today

👉👉👉 Arbitrum Committee Recommends 6M $ARB Diversification into $USDY of Ondo Finance

Ondo Finance, a leading on-chain institutional-grade financial platform, has recently experienced a significant development. The STEP Committee of Arbitrum has proposed diversifying up to 6 million $ARB tokens into Ondo Finance’s $USDY. Ondo Finance announced this update on the social media platform X.

Arbitrum Committee Proposes Diversifying 6M $ARB into Ondo Finance’s $USDY

- In their X post, Ondo Finance shared details about the proposal. The STEP Committee recommended six products out of over thirty applications, allocating more than seventeen percent of the funds to $USDY. This allocation is second only to #BlackRock's BUILD.

- This development highlights the growing reputation of the $USDY token. Ondo Finance expressed enthusiasm for this recommendation, emphasizing the high-quality nature of the $USDY token that has secured its remarkable position.

Appreciation for the Committee’s Thorough Diligence

- Ondo Finance also acknowledged the committee's thorough diligence process. They look forward to the Arbitrum community vote and are ready for further progress, indicating plans to expand collaborative efforts.

- Additionally, Ondo Finance extended special thanks to the STEP #DAO and committee members who contributed to this initiative. Key contributors include L2BEAT, DisruptionJoe.eth, Nethermind, North Lakes Legal, Steakhouse Financial, karpatkey, gfxlabs, PaperImperium, and Devansh Mehta, among others.

Source - blockchainreporter.net

#CryptoMarkets #BinanceSquareTalks #ARB🔥🔥🔥

🔥🔥🔥 #tezos (XTZ) Battles Market Bears, Sees Price Rebound from $0.71 Lows

Tezos (XTZ) has been enduring a bearish trend, marked by a 29% decline year-to-date and a recent 4% drop over the past week. Analysts are closely monitoring a potential upward movement aiming for $0.94, although failure to achieve this could trigger further downside towards $0.60. Currently, XTZ is trading at $0.77, with a significant uptick in accumulation evident as indicated by the Chaikin Money Flow (CMF) indicator, reflecting growing investor confidence amidst volatile funding rates.

Despite ongoing consolidation within the $0.76 to $0.87 range, the market remains uncertain due to mixed signals. Positive funding rates suggest dominance of long contracts, while negative rates point to short contract prevalence, highlighting investor indecision about XTZ's short-term trajectory. Analysts emphasize that a breakout above $0.94 would signal bullish momentum, whereas a failure could potentially lead to a retreat to $0.60.

Beyond price movements, Tezos recently rolled out its 16th upgrade on the mainnet, aimed at reducing block finality times to just 10 seconds. This enhancement, particularly beneficial for the Ethereum Virtual Machine-compatible L2 network Etherlink, positions Tezos competitively against other Layer 2 solutions like Arbitrum and Optimism in terms of transaction efficiency and cost-effectiveness. Arthur Breitman, Tezos co-founder, highlighted the Paris upgrade's improvements, emphasizing Etherlink's enhanced user experience and competitive advantage in transaction finality over leading Ethereum L2 solutions.

Moreover, the upgrade introduces the Data Availability Layer (DAL), crucial for scaling Tezos' Smart #Rollups to potentially support millions of transactions per second (#TPS ) in the future. This scalability milestone underscores Tezos' commitment to advancing blockchain technology and enhancing its ecosystem's capabilities.

Source - crypto-news-flash.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥 #Litecoin Nears Annual Low: Potential Rebound Or Further Descent?

Litecoin ($LTC ) Price Analysis: Persistent #BEARISH📉 Trend
Current Situation

- Litecoin (LTC) is trading near $69.85, down 0.44% intraday. The cryptocurrency has been in a downtrend since breaking below the critical $80 level, nearing its yearly lows.

Market Sentiment

- Weighted Sentiment: Recently dipped below zero, indicating strong bearish sentiment.

- Market Position: Ranked 20th by market cap at $5.54 billion, with $176.37 million daily transaction volume and 74.67 million LTC in circulation out of 84 million.

Technical Analysis

- Moving Averages: LTC is below key EMAs (20, 50, 200-day), signaling a bearish outlook.

- Indicators: RSI at 36.73 and 14-day SMA at 37.37, both below midpoint, reinforcing bearish sentiment.

Outlook

- Litecoin must surpass $80 to shift to a bullish trend. Until then, bearish sentiment is likely to persist.

Conclusion

Litecoin (LTC) faces strong resistance at $80 amid a bearish trend, trading around $70. Market sentiment remains negative, supported by technical indicators suggesting continued downward pressure.

Source - thecoinrepublic.com

#CryptoNews🚀🔥 #BinanceSquareTalks #CryptocurrencyForecasts

💥💥💥 #dogwifhat falls out of top 50, tumbles 38% over past 7 days

Dogwifhat, a #memecoin🚀🚀🚀 on the #SolanaBlockchain , has experienced the sharpest price decline among the top 100 cryptocurrencies by market cap over the past seven days, yet it remains one of the top four memecoins.

In the last week, Dogwifhat (WIF) dropped by 38%, causing it to fall out of the top 50 cryptocurrencies by market capitalization. As of June 23, its market cap decreased by 9% within a 12-hour period to $1.60 billion, allowing Fantom (FTM) to surpass it with a market cap of $1.65 billion.

Despite discussions about WIF being in an accumulation zone, sentiment remains skeptical. A pseudonymous crypto trader, Blockgraze, noted on June 23 that the chart does not indicate significant accumulation.

Dogwifhat retains its position as the fourth largest memecoin by market cap, trailing Pepe (PEPE) with a market cap nearly three times larger at $4.57 billion.

Currently trading at $1.62, Dogwifhat's recent decline has also impacted futures traders' activities. Open Interest (OI) in Dogwifhat futures contracts has decreased by 25% to $209.64 million over the same period, according to CoinGlass data.

If Dogwifhat rebounds to $1.81, approximately $13.53 million in short positions could be liquidated.

The sentiment surrounding Dogwifhat has shifted from optimistic forecasts earlier this year. In March, when Dogwifhat reached $3 for the first time, Arthur Hayes, former BitMEX CEO and current CIO at Maelstrom, predicted a potential rally to $10.

Source - cointelegraph.com

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