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Chainlink (LINK) price falls
Over the past week, the price of the native token of the decentralized oracle network Chainlink (LINK) has fallen by more than 20%
Interestingly, amid the drop, the number of daily transactions with the altcoin has increased dramatically. Let's break down what this could mean.
Holders are moving Chainlink to exchanges
Onchain data shows that the number of daily transactions with LINK has increased by 18% over the past seven days. This is generally considered a positive signal, confirming an uptrend or hinting at a potential price increase.
A closer look at the figures shows that transfers between $100,000 and $1 million have soared 82% in the past month, while larger transactions in the $1 million to $10 million range are up 15%.
The price of LINK has fallen 37% on the back of increased activity by the big players. This means that the whales were gradually selling their assets. The growth of Chainlink token inflows to exchanges confirms this assumption.
LINK price forecast: the threat of a fall persists
As seen on the daily chart, the current Chaikin Money Flow (CMF) trend for LINK is downward and is below the zero mark at -0.23. A negative value indicates market weakness. It indicates that holders are exiting positions, contributing to the price decline.
If the trend continues, Chainlink could fall to $11.11, hitting the November 2023 low.
However, a change in market sentiment to bullish would see the token's price recover to $13.02.
$LINK
Over the past week, the price of the native token of the decentralized oracle network Chainlink (LINK) has fallen by more than 20%
Interestingly, amid the drop, the number of daily transactions with the altcoin has increased dramatically. Let's break down what this could mean.
Holders are moving Chainlink to exchanges
Onchain data shows that the number of daily transactions with LINK has increased by 18% over the past seven days. This is generally considered a positive signal, confirming an uptrend or hinting at a potential price increase.
A closer look at the figures shows that transfers between $100,000 and $1 million have soared 82% in the past month, while larger transactions in the $1 million to $10 million range are up 15%.
The price of LINK has fallen 37% on the back of increased activity by the big players. This means that the whales were gradually selling their assets. The growth of Chainlink token inflows to exchanges confirms this assumption.
LINK price forecast: the threat of a fall persists
As seen on the daily chart, the current Chaikin Money Flow (CMF) trend for LINK is downward and is below the zero mark at -0.23. A negative value indicates market weakness. It indicates that holders are exiting positions, contributing to the price decline.
If the trend continues, Chainlink could fall to $11.11, hitting the November 2023 low.
However, a change in market sentiment to bullish would see the token's price recover to $13.02.
$LINK
Crashing Under $55,000? Bitcoin Is Suddenly Braced For Another ‘Crucial’ $9 Billion Earthquake After $2 Trillion Ethereum, XRP, Solana And Crypto Price Wipe Out .
The bitcoin price has lost around 25% over the last month, with the combined bitcoin, ethereum, XRP 0.0%, solana and crypto market coming within touching distance of a $2 trillion market capitalization for the first time since early February—down from nearly $3 trillion in March.
Now, after one legendary tech billionaire said he thinks bitcoin could replace the U.S. dollar, collapsed bitcoin exchange Mt. Gox has begun moving what could be a tidal wave of bitcoin.
$BTC
$XRP
$SOL
The bitcoin price has lost around 25% over the last month, with the combined bitcoin, ethereum, XRP 0.0%, solana and crypto market coming within touching distance of a $2 trillion market capitalization for the first time since early February—down from nearly $3 trillion in March.
Now, after one legendary tech billionaire said he thinks bitcoin could replace the U.S. dollar, collapsed bitcoin exchange Mt. Gox has begun moving what could be a tidal wave of bitcoin.
$BTC
$XRP
$SOL
☄️ A Bitcoin address from the Satoshi era, holding 119 BTC ($7,000,000), woke up today after 13 years. The address transferred 77 BTC to another wallet.
Are these whales up to something? 🔍
$BTC
Are these whales up to something? 🔍
$BTC
What is Phishing and How to Protect Yourself
Phishing is a type of online fraud where attackers try to deceive you into providing your personal information, such as passwords, credit card numbers, or other confidential details.
How does phishing work?
🔵 False messages. You might receive an email or message that looks like it's from your bank, online store, or another service. The email usually contains a link or an attachment.
🔵 Fake websites. If you click on the link, you will be redirected to a fake website that looks like the real one. This site might ask you to enter your personal information.
🔵 Information theft. Once you enter your information on the fake site, it goes to the scammers, who can use it to steal money or perform other malicious actions.
How to protect yourself from phishing?
🔵 Check the sender. Always carefully check the sender's email address. Scammers often use addresses that look similar to real ones.
🔵 Avoid suspicious links. Do not click on links or open attachments in suspicious emails. If in doubt, visit the site manually.
🔵 Use antivirus software. Install and regularly update antivirus software to protect yourself from phishing and other threats.
Be careful with personal information. Never enter personal data on sites that seem suspicious to you.🛡
$BTC
Phishing is a type of online fraud where attackers try to deceive you into providing your personal information, such as passwords, credit card numbers, or other confidential details.
How does phishing work?
🔵 False messages. You might receive an email or message that looks like it's from your bank, online store, or another service. The email usually contains a link or an attachment.
🔵 Fake websites. If you click on the link, you will be redirected to a fake website that looks like the real one. This site might ask you to enter your personal information.
🔵 Information theft. Once you enter your information on the fake site, it goes to the scammers, who can use it to steal money or perform other malicious actions.
How to protect yourself from phishing?
🔵 Check the sender. Always carefully check the sender's email address. Scammers often use addresses that look similar to real ones.
🔵 Avoid suspicious links. Do not click on links or open attachments in suspicious emails. If in doubt, visit the site manually.
🔵 Use antivirus software. Install and regularly update antivirus software to protect yourself from phishing and other threats.
Be careful with personal information. Never enter personal data on sites that seem suspicious to you.🛡
$BTC
🌐 German government sells 3,000 BTC from darknet seizures
Today, the German government transferred 3,000 BTC ($173 million) to centralized exchanges 📌
Germany sold about 20% of its BTC, which were previously confiscated from darknet marketplaces 😎
$BTC
Today, the German government transferred 3,000 BTC ($173 million) to centralized exchanges 📌
Germany sold about 20% of its BTC, which were previously confiscated from darknet marketplaces 😎
$BTC
🕯 Over the past 30 days, large BTC whales accumulated more than 55 thousand BTC.
The peak of accumulation occurred at a time when Bitcoin fell to $58k, which indicates significant pressure from large holders at this price level.
$BTC
The peak of accumulation occurred at a time when Bitcoin fell to $58k, which indicates significant pressure from large holders at this price level.
$BTC
Pendle (PENDLE)
With a $762 Million market cap, the PENDLE token price reveals a downtrend in the daily chart. Forming a falling channel and breaking under the 50D EMA, the downfall brings the altcoin under $5.
Trading at $4.92 with an intraday drop of 2.53%, the altcoin forms a bearish candle, undermining the 1.52% jump on Sunday. Further, there is a bullish resurgence with the possibility of the Morning Star taking a hit.
With higher price rejection and failing to sustain above the 38.20% Fibonacci level, the negative cycle continues. However, as the broader crypto market revives, a bull run is possible within the altcoin channel.
A breakout rally of the falling channel can propel the PENDLE price higher to the $9.16 mark. Optimistically, it can hit the psychological mark of $10.
$PENDLE
With a $762 Million market cap, the PENDLE token price reveals a downtrend in the daily chart. Forming a falling channel and breaking under the 50D EMA, the downfall brings the altcoin under $5.
Trading at $4.92 with an intraday drop of 2.53%, the altcoin forms a bearish candle, undermining the 1.52% jump on Sunday. Further, there is a bullish resurgence with the possibility of the Morning Star taking a hit.
With higher price rejection and failing to sustain above the 38.20% Fibonacci level, the negative cycle continues. However, as the broader crypto market revives, a bull run is possible within the altcoin channel.
A breakout rally of the falling channel can propel the PENDLE price higher to the $9.16 mark. Optimistically, it can hit the psychological mark of $10.
$PENDLE
Top Altcoins To Buy That Can Hit ATH In July 2024
With the Bitcoin price taking a bounce back at the $60K support zone, the broader market anticipates an optimistic price movement this month. Further, the altcoins reveal a high momentum bullish trend in the low-cap sector that may soon surpass their all-time high levels.
As the bull run anticipations rise, the smart money follows such underrated altcoins. However, finding these tokens remains a huge and critical task for sideline traders. Worry Not! Based on technical analysis and market sentiments, we bring you a list of high-potential top altcoins poised to hit ATH in July.
1: Pendle (PENDLE)
2: Bitget Token (BGB)
3: ONDO (ONDO)
$PENDLE
$ORDI
With the Bitcoin price taking a bounce back at the $60K support zone, the broader market anticipates an optimistic price movement this month. Further, the altcoins reveal a high momentum bullish trend in the low-cap sector that may soon surpass their all-time high levels.
As the bull run anticipations rise, the smart money follows such underrated altcoins. However, finding these tokens remains a huge and critical task for sideline traders. Worry Not! Based on technical analysis and market sentiments, we bring you a list of high-potential top altcoins poised to hit ATH in July.
1: Pendle (PENDLE)
2: Bitget Token (BGB)
3: ONDO (ONDO)
$PENDLE
$ORDI
According to an expert, the SEC is likely to approve the trading of spot Ethereum ETFs as early as July 15. This event could significantly impact the cryptocurrency market, especially the price of Ethereum.
The approval of ETFs is expected to attract a substantial number of institutional investors.
Well, it looks like Ethereum is about to start a summer race. 🏃➡️
#ETFEthereum #ETH_ETFs_Approval_Predictions $ETH
The approval of ETFs is expected to attract a substantial number of institutional investors.
Well, it looks like Ethereum is about to start a summer race. 🏃➡️
#ETFEthereum #ETH_ETFs_Approval_Predictions $ETH
🔗 A whale who participated in the Ethereum ICO in 2015 and received 254,900 ETH (ICO price $0.311) transferred 7,000 ETH ($24.28M) to Kraken today after 209 days of silence. Currently, this whale still holds 40,000 ETH ($139.5M).
$ETH
$ETH
✔️ The German government transferred another 1,500 BTC ($94 million), including to the addresses of crypto exchanges
$BTC
$BTC
Top Cryptocurrency News
⏩ The US Securities and Exchange Commission (SEC) has approved the first Ethereum futures ETFs. This event has caused a significant increase in ETH prices, up to 500%.
⏩ A new regulation called MiCA (Markets in Crypto-Assets) has come into force in the European Union, establishing unified rules for the issuance and trading of crypto-assets. This could significantly change the cryptocurrency market in Europe.
⏩ The US Federal Open Market Committee (FOMC) has published the minutes of its latest meeting, providing insights into the future monetary policy of the US. This has also impacted the cryptocurrency market.
⏩ Mt. Gox has announced the upcoming release of 140,000 BTC to its creditors in July 2024. Analysts warn of possible market pressure and a drop in BTC prices to $50,000.
⏩ The price of Ripple (XRP) is holding at a critical support level of $0.47. Analysts expect a possible bullish reversal but also warn of a potential decline if the support level fails.
$XRP
$BTC
$ETH
⏩ The US Securities and Exchange Commission (SEC) has approved the first Ethereum futures ETFs. This event has caused a significant increase in ETH prices, up to 500%.
⏩ A new regulation called MiCA (Markets in Crypto-Assets) has come into force in the European Union, establishing unified rules for the issuance and trading of crypto-assets. This could significantly change the cryptocurrency market in Europe.
⏩ The US Federal Open Market Committee (FOMC) has published the minutes of its latest meeting, providing insights into the future monetary policy of the US. This has also impacted the cryptocurrency market.
⏩ Mt. Gox has announced the upcoming release of 140,000 BTC to its creditors in July 2024. Analysts warn of possible market pressure and a drop in BTC prices to $50,000.
⏩ The price of Ripple (XRP) is holding at a critical support level of $0.47. Analysts expect a possible bullish reversal but also warn of a potential decline if the support level fails.
$XRP
$BTC
$ETH
Polkadot and Chainlink on their way to $10 billion in July! DOT is up 5%, LINK is up 8.3% thanks to major partnerships. Stay tuned for more!
#Polkadot #Chainlink $LINK
$DOT
#Polkadot #Chainlink $LINK
$DOT
Filecoin (FIL-USD) is a decentralized storage system for the world’s important data. The major difference between Filecoin and other storage services is that it is peer-to-peer and managed by the individuals on the platform rather than a central body. On Filecoin, users pay for data storage and distribution services to providers (other users) using the $FIL token.
Despite its unique use case, Filecoin has performed poorly in the market this year and has been down by more than 21% in the last month. Furthermore, its trading volume and circulating supply have fallen 23% and 0.09%, respectively.
With the possibility of another bull run on the horizon, now may be the perfect time to get rid of Filecoin in favor of more promising altcoins if you own it.
$FIL
Despite its unique use case, Filecoin has performed poorly in the market this year and has been down by more than 21% in the last month. Furthermore, its trading volume and circulating supply have fallen 23% and 0.09%, respectively.
With the possibility of another bull run on the horizon, now may be the perfect time to get rid of Filecoin in favor of more promising altcoins if you own it.
$FIL
Axie Infinity (AXS-USD) is a blockchain-powered gaming platform modeled after popular retro games like Pokemon and Tamagotchi. The game involves collecting, raising, breeding, battling and trading creatures known as Axies against other players. These Axies are non-fungeable tokens (NFTs) and can take on over 500 different forms. They are divided into common, rare, ultra-rare and legendary categories.
Axie Infinity was regarded as the pinnacle of blockchain gaming and the metaverse experience at its launch. However, it has yet to quite deliver on that promise, partly due to the decline in interest in blockchain gaming following the events of the 2022 crypto winter. This year, Axie Infinity has emerged as one of the poorest performers in the crypto industry, and analysts are now reporting that it could drop 96% before the end of the year.
This is the most bearish Axie Infinity has been in recent memory. The emergence of newer use cases for crypto and blockchain technology, such as Depin, AI, and the tokenization of real-world assets, certainly does not help its case. It might be a while before the gaming and metaverse narrative recovers mindshare in the crypto industry, meaning that now is a great time to sell the AXS token if you own it. $AXS
Axie Infinity was regarded as the pinnacle of blockchain gaming and the metaverse experience at its launch. However, it has yet to quite deliver on that promise, partly due to the decline in interest in blockchain gaming following the events of the 2022 crypto winter. This year, Axie Infinity has emerged as one of the poorest performers in the crypto industry, and analysts are now reporting that it could drop 96% before the end of the year.
This is the most bearish Axie Infinity has been in recent memory. The emergence of newer use cases for crypto and blockchain technology, such as Depin, AI, and the tokenization of real-world assets, certainly does not help its case. It might be a while before the gaming and metaverse narrative recovers mindshare in the crypto industry, meaning that now is a great time to sell the AXS token if you own it. $AXS
Avalanche (AVAX-USD) is a popular layer one blockchain created as an alternative to Ethereum. It belongs to a group of blockchains known as “Ethereum Killers” due to their potential to replace the number one smart contract platform and remedy some of its pitfalls.
Although Avalanche successfully addresses the blockchain trilemma, which prevents blockchains from achieving decentralization to a sufficient scale and results in high gas fees, as in Ethereum’s case, it has failed to replace the latter as the industry’s number one smart contract platform. However, it attracted some Ethereum-based projects, such as Sushi Swap and TrueUSD.
With a market cap of over $9 billion, Avalanche is one of the most prominent blockchains in the crypto industry. However, this year hasn’t gone particularly well for the layer one network. It has fallen by over 30% in the last month and is on a downward spiral in the market. With the bull run starting anytime soon, now might be a great time to sell the coin. $AVAX
Although Avalanche successfully addresses the blockchain trilemma, which prevents blockchains from achieving decentralization to a sufficient scale and results in high gas fees, as in Ethereum’s case, it has failed to replace the latter as the industry’s number one smart contract platform. However, it attracted some Ethereum-based projects, such as Sushi Swap and TrueUSD.
With a market cap of over $9 billion, Avalanche is one of the most prominent blockchains in the crypto industry. However, this year hasn’t gone particularly well for the layer one network. It has fallen by over 30% in the last month and is on a downward spiral in the market. With the bull run starting anytime soon, now might be a great time to sell the coin. $AVAX
3 Cryptos to Sell in June Before They Crash & Burn
As the crypto industry gears up for another bull run, these are the cryptos to sell before it’s too late.
Avalanche (AVAX-USD): $AVAX
A layer one blockchain developed as an alternative to Ethereum, but it has been unable to unseat the smart contract platform.
Axie Infinity (AXS-USD): $AXS
Once seen as the pinnacle of blockchain gaming and the metaverse, this platform faded into the background following the 2022 crypto winter
File Coin (FIL-USD): $FIL
A blockchain-powered digital storage and retrieval platform aiming to store important data that has performed poorly in the market this year.
As the crypto industry gears up for another bull run, these are the cryptos to sell before it’s too late.
Avalanche (AVAX-USD): $AVAX
A layer one blockchain developed as an alternative to Ethereum, but it has been unable to unseat the smart contract platform.
Axie Infinity (AXS-USD): $AXS
Once seen as the pinnacle of blockchain gaming and the metaverse, this platform faded into the background following the 2022 crypto winter
File Coin (FIL-USD): $FIL
A blockchain-powered digital storage and retrieval platform aiming to store important data that has performed poorly in the market this year.
Crypto: $860 Million in Tokens To Be Released Next Month
The crypto market is poised for a turbulent July with the unlocking of tokens worth a total of 860 million dollars. Around 40 crypto projects will see a portion of their tokens released on the market, an event that could have significant repercussions on prices and market dynamics.The leading projects
Among the many projects affected, Xai crypto stands out with a massive unlock scheduled for July 9th. Approximately 198 million XAI tokens, representing 71.5% of its circulating supply, will be released with an estimated value of 97 million dollars. These tokens will go to the team, the reserve, investors, and the project’s ecosystem.The crypto Aptos will closely follow with an unlock of 11.3 million APT tokens on July 12th, worth nearly 79 million dollars. These tokens will be distributed to the Aptos Foundation, its community, key contributors, and investors.
Arbitrum plans to release 92.6 million of its ARB crypto on July 16th, valued at 76 million dollars, intended for the team, investors, and project advisors. Lastly, AltLayer will unlock 684 million ALT tokens on July 25th, representing 45% of its circulating supply and valued at approximately 133 million dollars.
Other notable projects include Io.net, Starknet, and Sui. Io.net will unlock 7.5 million IO tokens, representing 8% of its circulating supply and valued at 26 million dollars, on July 1st. Starknet will release 64 million STRK cryptos on July 15th, accounting for 5% of its supply, worth 47 million dollars.
Sui, meanwhile, will unlock 64 million SUI cryptos on July 1st, representing 2.5% of its circulating supply and valued at 56 million dollars.Implications for the crypto market
Token unlocking refers to the release of tokens that were previously prohibited from trading.
This release can lead to increased selling pressure, as a large quantity of tokens enters the market, potentially driving down prices. Investors often fear these unlocks, anticipating a price drop.
However, not all-token unlocks are necessarily negative. Smaller unlocks can have a minimal impact on prices.
Additionally, according to an annual report by Token Unlocks, tokens increase on average by 34% after their unlock for private investors. This shows that unlocks can also offer interesting buying opportunities if market conditions are favorable.The exact impact of token unlocks remains often unpredictable. While some investors might prepare for a price drop, others see these moments as opportunities to enter the market at lower prices. The inherent volatility of cryptocurrencies means that unlocks can create both risks and opportunities.
The advantages of Bitcoin in this context
Unlike many altcoins, Bitcoin remains a safe haven in the crypto universe. Its significant market capitalization and market leader position make it a more stable option compared to more volatile altcoins.
Investors often see Bitcoin as a hedge against the extreme fluctuations observed in newer and less established projects.
Bitcoin continues to benefit from increasing adoption by financial institutions and renowned companies.
This institutional recognition strengthens its position and resilience in the face of market turbulence. Moreover, regulations and financial infrastructures around bitcoin are developing, offering additional security to investors.
Bitcoin’s blockchain is the oldest and most tested of all. Its security, transparency, and decentralization are widely recognized, giving it a certain advantage over other projects still in development or less mature. In times of volatility, these characteristics make Bitcoin a more attractive option for investors seeking stability.
$ETH
$BTC
$SOL
Among the many projects affected, Xai crypto stands out with a massive unlock scheduled for July 9th. Approximately 198 million XAI tokens, representing 71.5% of its circulating supply, will be released with an estimated value of 97 million dollars. These tokens will go to the team, the reserve, investors, and the project’s ecosystem.The crypto Aptos will closely follow with an unlock of 11.3 million APT tokens on July 12th, worth nearly 79 million dollars. These tokens will be distributed to the Aptos Foundation, its community, key contributors, and investors.
Arbitrum plans to release 92.6 million of its ARB crypto on July 16th, valued at 76 million dollars, intended for the team, investors, and project advisors. Lastly, AltLayer will unlock 684 million ALT tokens on July 25th, representing 45% of its circulating supply and valued at approximately 133 million dollars.
Other notable projects include Io.net, Starknet, and Sui. Io.net will unlock 7.5 million IO tokens, representing 8% of its circulating supply and valued at 26 million dollars, on July 1st. Starknet will release 64 million STRK cryptos on July 15th, accounting for 5% of its supply, worth 47 million dollars.
Sui, meanwhile, will unlock 64 million SUI cryptos on July 1st, representing 2.5% of its circulating supply and valued at 56 million dollars.Implications for the crypto market
Token unlocking refers to the release of tokens that were previously prohibited from trading.
This release can lead to increased selling pressure, as a large quantity of tokens enters the market, potentially driving down prices. Investors often fear these unlocks, anticipating a price drop.
However, not all-token unlocks are necessarily negative. Smaller unlocks can have a minimal impact on prices.
Additionally, according to an annual report by Token Unlocks, tokens increase on average by 34% after their unlock for private investors. This shows that unlocks can also offer interesting buying opportunities if market conditions are favorable.The exact impact of token unlocks remains often unpredictable. While some investors might prepare for a price drop, others see these moments as opportunities to enter the market at lower prices. The inherent volatility of cryptocurrencies means that unlocks can create both risks and opportunities.
The advantages of Bitcoin in this context
Unlike many altcoins, Bitcoin remains a safe haven in the crypto universe. Its significant market capitalization and market leader position make it a more stable option compared to more volatile altcoins.
Investors often see Bitcoin as a hedge against the extreme fluctuations observed in newer and less established projects.
Bitcoin continues to benefit from increasing adoption by financial institutions and renowned companies.
This institutional recognition strengthens its position and resilience in the face of market turbulence. Moreover, regulations and financial infrastructures around bitcoin are developing, offering additional security to investors.
Bitcoin’s blockchain is the oldest and most tested of all. Its security, transparency, and decentralization are widely recognized, giving it a certain advantage over other projects still in development or less mature. In times of volatility, these characteristics make Bitcoin a more attractive option for investors seeking stability.
$ETH
$BTC
$SOL
📣 SEC delays Ethereum ETF launch
The SEC has postponed the Ethereum ETF launch to mid-July or later, requiring more time to review S-1 forms 🙂
SEC Chair Gary Gensler noted the process is smooth but could take months, possibly extending to September 🤩
$ETH
The SEC has postponed the Ethereum ETF launch to mid-July or later, requiring more time to review S-1 forms 🙂
SEC Chair Gary Gensler noted the process is smooth but could take months, possibly extending to September 🤩
$ETH
