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Sonic Raises $12M To Energize Solana's Nascent GameFi Sector Sonic, built by the GameFi developer Mirror World Labs, is betting on its ability to accelerate Solana's presence in the gaming space through its modular Solana Virtual machine chain. It's designed to support autonomous and self-governing game tokenomics within the Solana ecosystem, with infrastructure that supports the creation of "game-specific rollups" to ensure blazing-fast transactions. Solana has emerged as one of the most successful blockchains after Bitcoin and Ethereum, thanks to its retail-friendly nature and its simplified onboarding. Its platform hosts some of the best known crypto projects around, including DeFi services such as Raydium and Solend, NFT marketplaces like Magic Eden and the decentralized music-streaming platform Audius. However, if there's one area where Solana has struggled to gain impressive traction, it's the GameFi industry, where many developers instead have opted to build on game-oriented blockchain infrastructures such as Immutable X and Oasys. By building a dedicated SVM infrastructure layer for gaming on top of Solana, Sonic aims to change that. With its protocol, games developers have the ability to quickly build and deploy their own SVM chains. #sonic #SolanaUSTD #solanAnalysis #BinanceTournament #AirdropGuide

Sonic Raises $12M To Energize Solana's Nascent GameFi Sector

Sonic, built by the GameFi developer Mirror World Labs, is betting on its ability to accelerate Solana's presence in the gaming space through its modular Solana Virtual machine chain. It's designed to support autonomous and self-governing game tokenomics within the Solana ecosystem, with infrastructure that supports the creation of "game-specific rollups" to ensure blazing-fast transactions. Solana has emerged as one of the most successful blockchains after Bitcoin and Ethereum, thanks to its retail-friendly nature and its simplified onboarding. Its platform hosts some of the best known crypto projects around, including DeFi services such as Raydium and Solend, NFT marketplaces like Magic Eden and the decentralized music-streaming platform Audius. However, if there's one area where Solana has struggled to gain impressive traction, it's the GameFi industry, where many developers instead have opted to build on game-oriented blockchain infrastructures such as Immutable X and Oasys. By building a dedicated SVM infrastructure layer for gaming on top of Solana, Sonic aims to change that. With its protocol, games developers have the ability to quickly build and deploy their own SVM chains.

#sonic #SolanaUSTD #solanAnalysis #BinanceTournament #AirdropGuide

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Pepe Coin Price Analysis The downward trajectory of the cryptocurrency market extends for the second half of June as Bitcoin tumbled to a monthly low of $64000. The majority of major altcoins are witnessing the same momentum but the memecoin sectors are facing aggressive selling pressure due to their volatile nature. Amid the downfall, the Frog-themed memecoin PEPE drops to a low of $0.00000968 but holds its bullish pattern for a potential rebound. Over the past three weeks, the PEPE coin has witnessed a sustained correction resonating within two downsloping trendlines of the flag. In theory, the chart pattern provides buyers with a temporary counter-trend move to recuperate the bullish momentum before the next move.Amid the recent market correction, the PEPE price fell from $0.00001725 to $0.00000968 low, registering a 42.8% loss. According to Lookonchain, a major player in the crypto space, referred to as whales, deposited a staggering 407.74 billion $PEPE tokens, valued at approximately $4.27 million, into Binance. This transaction was made at a break-even price, occurring just two hours before the report. This smart money investor exited without much profit hints he/she does not expect a major move in PEPE in the near term. #PepeShow #PepeCoinToTheMoon #BinanceTournament #AirdropGuide #BTCFOMCWatch
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3 Top Memecoins To Watch Out For This Week #PEPEATH Following the BTC price consolidation, investors have looked cautious and booked their partial profit in the PEPE coin, which led to a slight retracement from the top. This week, the memecoin has retested the 100-day EMA mark strong support territory and will likely initiate a pullback ahead.At press time, the PEPE coin price traded at $0.0000106 with an intraday drop of 7.74%, reflecting profit booking in yesterday’s session. Meanwhile, the memecoin has regressed to the liquidity support zone and may showcase a rebound soon. #Shibalnu The Shiba Inu (SHIB) is the vintage memecoin that looked stable around the past sessions. It regressed toward its crucial support zone of the 200-day EMA mark and will likely initiate a bounce soon. For the past few trading sessions, it remained in the closed range and faced rejection from its 50-day EMA mark. However, the trend is neutral, and the memecoin is looking for a noteworthy bounce to flip the gains ahead.At press time, the Shiba Inu (SHIB) price traded at $0.0000186 with an intraday drop of 8.04%, reflecting retracement in yesterday’s session. However, it has retested the 200-day EMA mark, and the bulls will likely accumulate the memecoin soon. #WIF_Usdt The Dogwifhat (WIF) price has regressed to the range of lower neckline support around $2 and is at a make-or-break zone. Recently, the memecoin has faced rejection from the 20-day EMA mark and witnessed profit booking in the last sessions. Meanwhile, the WIF memecoin will likely get support there and will flip the gains shortly. If the memecoin fails to hold the $2 mark, further downsides may be seen, whereas if it is settled there, it may pull back soon.At press time, Dogwifhat (WIF) price traded at $2.02 with an intraday drop of 12.04%, reflecting retracement this week. However, it has retested the round mark support and will regain the shine soon. #BinanceTournament #AirdropGuide
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Terra Price Prediction The Terra ecosystem has suffered a tremendous crash that many fear the token may not recover from. In May 2022, Terraform Labs’ UST stablecoin depegged significantly, with about half a trillion US dollars from the crypto market. In response, the company liquidated their BTC holdings to restabilize the coin. Fast-forward to June 2024, and LUNA is trading at a DeFi coin price of $0.5007, over a 97% dip from its all-time high of $19.54. The token has been in a year-long decline, recording 14.7% and 15.3% losses on its monthly and yearly charts. The current market conditions hint at the bears maintaining control of the coin as investors’ scepticism for its survival mounts. Its 24-hour chart highlights a $0.4798 low and a $0.5323 high, showing high fluctuation levels.TerraForms’ CEO, Chris Amani, has announced that the company will dissolve and hand over Terra blockchain operations to the community. This comes after accepting a $4.47 billion settlement with the SEC despite having only $75 million in assets. The settlement includes a $3.58 billion disgorgement and a $420 million civil penalty. Although LUNA’s market cap is declining by 5%, its 24-hour trading volume is up 6% at $384,124,672 and $32,812,824, respectively, showing that all hope is not lost for the token. Investors seeking the best coin to invest in have not lost sight of LUNA’s potential following Do Kwon and TerraForm’s exit. The token is up 22.51% from its $0.3783 all-time low. #TerraLabs #terraClassicLunc #TerraClassicRising #BinanceTournament #BTCFOMCWatch
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Golden Bull Run Start Trigger Revealed, God Spike Loading for $75,000 BTC Price As the crypto market faces another brutal dip, traders and analysts scramble to find the cause of the latest market dump. Many find this to be another unexpected correction, while one explains how hedge funds are the cause for this dip. As we can see from the video above, James Lavish, a reputed hedge fund manager, walks us through how hedge funds are shorting Bitcoin (BTC). He explains how the trade works, he says when futures are shorted 10% gains are made. By taking this capital, users can buy Bitcoin meaning they are hedged. If Bitcoin goes up or down this doesn’t change their gains. However with Bitcoin ETFs one cannot borrow against it. Doing so will create debt as it creates paper dollars and not paper Bitcoins. He says some hedge funds are over shorting the future and are taking in more perpetual interests and under buying the spot. Futures are being bought during the day and they are settling for Spots. So the ones shorting the futures could get into a situation where a gamma squeeze can occur. Thus, a very rapid blast towards a $75,000 Bitcoin gamma squeeze could occur soon if the buying pressure explodes. If this massive Bitcoin rally takes place, not only will Bitcoin (BTC) set a new ATH, but altcoins will follow this rally as well. If altcoins follow suit, it will likely usher in the long awaited altseason as well. #Goldenopertunity #BinanceTournament #AirdropGuide #BTCFOMCWatch #CPIAlert
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Germany’s Stock Exchange Projects Ripple XRP To Reach $10 Over the weekend, Ripple and its currency XRP made quite some noise. Speculations around the Securities and Exchange Commission’s [SEC] settlement with Ripple pushed the altcoin’s price close to a high of $0.50. But at press time, the asset was trading at $0.4895 with no major surges or dips. Unlike its ongoing bearish trend, the asset could record an upward trajectory. Changelly revealed that the coming week is bullish for the asset. XRP is expected to rise to a high of $0.660114 later this week. This is a 34% increase from its current levels. In addition, the altcoin will record a double-digit surge throughout the next few days. In line with this, the Frankfurt Stock Exchange in Germany announced a significant rise for XRP. The report by CEO of Tokentus Investment AG, Oliver Michel suggested that the asset might surge by more than 2,000% later this year. Michel noticed that XRP differs from Ethereum [ETH] and Solana [SOL]. Unlike these cryptocurrencies, XRP has shown little change over the last year. But, from 2014 to early 2017, the altcoin formed a wedge pattern, resulting in a 4,300% spike. The analysts highlighted that the altcoin was trading sideways. This was a couple of days before recording its rally. Right after this, the asset hit an all-time high of $3.84. At the time of writing, the altcoin was trading 87% lower than its high. Michel noted that XRP increased by 39,700% from its previous lows. The analyst does not expect this level of surge. However, he predicts that XRP could rise between $8 to $10 this year itself. #XRPGoal #XRPPredictions #Xrp🔥🔥 #BinanceTournament #ETHETFsApproved
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