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📊 Top 3 Altcoins Ready to Skyrocket This Week: PEPE, MANTA, and STRK Lead the Rally With the expected altcoin rally clearing the crypto market, the hype surrounding altcoins has reached a fever pitch. With expanding benefits within the case of numerous cryptocurrencies, the anticipation is even higher. Overall, with the never-ending demand for altcoins, this week is set for higher investor returns. Based on that, PEPE, MANTA, and STRK are the best altcoins to buy this week. 🔸 Pepe Coin (PEPE) There is no end in sight for PEPE price after a 145% gain this May, setting several new all-time highs. PEPE experienced a slight decline of 1.9% in the last 24 hours, pushing its value to $0.0000159. PEPE’s market capitalization is at $7.17 billion. Demand for this altcoin is steadily rising, with trading volume reaching $2.93 billion following a 70% surge. 🔸 Manta Network (MANTA) MANTA has taken a positive turn following its reversal at the crucial downtrend resistance level of $1.5. Over the last week, MANTA has grown steadily, rising 10.4% to $1.82. Furthermore, Manta Network’s transactions have peaked at a 41% rise, boosting its value to $41 million. This surge came when the whale transferred 2,000 ETH ($7.84 million) to Manta Network. 🔸 Starknet (STRK) Starknet has exhibited strong long-term gains, with its price up 21% in the last week. This altcoin’s value continues to rise, so expect similar gains this week. This boost comes as Vitalik Buterin, Ethereum’s founder, was just awarded a one-million grant. Of these, 845,205 STRKs have been unlocked, increasing Starknet’s market demand as Vitalik’s faith in the cryptocurrency grows. STRK price today May 29 is $1.25, up about 0.5% The future looks promising for PEPE, MANTA, and STRK as these altcoins exhibit robust growth and strong market potential. PEPE continues to set new highs with significant trading volume, indicating sustained investor interest. MANTA’s strategic advancements and rising transaction volumes position it well for further gains. $PEPE $MANTA $STRK #PEPE #MANTA #STRK

📊 Top 3 Altcoins Ready to Skyrocket This Week: PEPE, MANTA, and STRK Lead the Rally

With the expected altcoin rally clearing the crypto market, the hype surrounding altcoins has reached a fever pitch. With expanding benefits within the case of numerous cryptocurrencies, the anticipation is even higher. Overall, with the never-ending demand for altcoins, this week is set for higher investor returns. Based on that, PEPE, MANTA, and STRK are the best altcoins to buy this week.

🔸 Pepe Coin (PEPE)

There is no end in sight for PEPE price after a 145% gain this May, setting several new all-time highs. PEPE experienced a slight decline of 1.9% in the last 24 hours, pushing its value to $0.0000159. PEPE’s market capitalization is at $7.17 billion. Demand for this altcoin is steadily rising, with trading volume reaching $2.93 billion following a 70% surge.

🔸 Manta Network (MANTA)

MANTA has taken a positive turn following its reversal at the crucial downtrend resistance level of $1.5. Over the last week, MANTA has grown steadily, rising 10.4% to $1.82. Furthermore, Manta Network’s transactions have peaked at a 41% rise, boosting its value to $41 million. This surge came when the whale transferred 2,000 ETH ($7.84 million) to Manta Network.

🔸 Starknet (STRK)

Starknet has exhibited strong long-term gains, with its price up 21% in the last week. This altcoin’s value continues to rise, so expect similar gains this week. This boost comes as Vitalik Buterin, Ethereum’s founder, was just awarded a one-million grant. Of these, 845,205 STRKs have been unlocked, increasing Starknet’s market demand as Vitalik’s faith in the cryptocurrency grows. STRK price today May 29 is $1.25, up about 0.5%

The future looks promising for PEPE, MANTA, and STRK as these altcoins exhibit robust growth and strong market potential. PEPE continues to set new highs with significant trading volume, indicating sustained investor interest. MANTA’s strategic advancements and rising transaction volumes position it well for further gains.

$PEPE $MANTA $STRK #PEPE #MANTA #STRK

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📉 Why Crypto Market is Down Today? Bitcoin has experienced a notable decline recently, with its price currently at $65,113 and a 24-hour trading volume of $169.865 million. Several factors are contributing to this downturn. Let’s dive deep to do an in-depth analysis. 🔸 Key Factors Contributing to The Downturn of Bitcoin As per the opinion of an expert named IT tech published in CryptoQuant, there are three key factors that are contributing currently to the downturn of BTC. ● Miner Revenues and Selling Pressure: Miner revenues have dropped by 55%, compelling miners to sell more Bitcoin to cover their costs. As a result, more Bitcoin is being moved from miners’ wallets to exchanges, creating a downward pressure on prices. ● ETF Withdrawals and Selling Pressure: Significant withdrawals from major ETFs like Fidelity and Grayscale are adding to the selling pressure on Bitcoin. ● Stablecoin Market Stagnation: The stablecoin market is not seeing new issuances, leading to reduced liquidity in the crypto market. This lack of new money entering the market increases price volatility. Naturally, the market price volatility has prompted short-term investors to sell off their holdings due to fears of future price drops. 🔸 Bitcoin Historical Trends and Support Levels: An Overview Despite the current fear and selling, the average realised price for short-term holders is around $62,400, which historically serves as a strong support level in bull markets. Historical trends suggest that periods of sustained low miner revenues combined with a high hashrate can indicate a potential market bottom, hinting at possible stabilisation or a market rebound. In mid-March, Bitcoin’s price was over $73,000, and since then, it has oscillated within the average range of $71,000 and $61,000, occasionally showing slips. At the beginning of May, it slightly slipped under $60,000, but recovered soon. At the beginning of this month, on June 1, 2024, the price of BTC was around $67,763. After three consistent green candles. #Crypto $BTC #BTC
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⭐️ Polkadot (DOT) approves a $65 million fund for developing the JAM architecture Polkadot has allocated a $65 million fund for the development of the Join-Accumulate Machine (JAM) architecture, with the goal of enhancing blockchain scalability and flexibility. The fund, comprising a reward pool of 10 million DOT tokens, aims to improve data management and network interoperability inside the DOT network. JAM tackles performance challenges arising from sharding, a process that decreases coherency and poses difficulties in constructing metasystems across particular chains. The program aims to establish a decentralized network with the ability to handle various computational jobs, promote innovation, and grow the Polkadot ecosystem. Participants are required to fulfill certain conditions, including engaging in the import and production of blocks, achieving performance benchmarks on Kusama and Polkadot, and successfully passing security assessments. The community's vote demonstrates a willingness to embrace decentralized innovation, while the specific timing for the upgrade is yet uncertain. This effort by the Web3 Foundation, which backs Polkadot and its canary network Kusama, aims to foster community-driven growth. Although the market is now experiencing a downward trend, there are indications that Polkadot's price may soon reverse and start moving upwards. The Moving Average Convergence Divergence (MACD) indicates a bearish trend, implying a potential decrease in prices in the near future. Polkadot's commitment to innovation and scalability is evident in the approval of the $65 million JAM fund. This development fund and prize pool are aimed at driving breakthroughs in data management and interoperability within Polkadot's ecosystem. Yesterday, analyst reported that Polkadot (DOT) is facing a bearish outlook due to technical indicators and a downtrend after token has dipped below the Ichimoku Cloud, signaling a clear downtrend. $DOT #DOT #Polkadot
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🎮 Solana gaming studio Mirror World raises $12M in funding The firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their GameFi projects. Solana gaming studio Mirror World Labs has raised $12 million in its inaugural Series A funding led by Bitkraft, Galaxy Interactive, Big Brain Holdings and others to further the development of its gaming rollup, Sonic.  “For the past two years, we’ve worked with hundreds of games in the Web3 gaming ecosystem, helping them with monetization and listing,” said Chris Zhu, CEO and founder of Sonic, on June 13, continuing: “Solana was our biggest focus with a whole suite of tools and frameworks for games. We believe Sonic SVM will be the key to unlocking the Solana gaming summer, onboarding thousands of games to launch and go to market with our support.” The funds will be used to accelerate the Sonic protocol with features such as sandbox environments, customizable gaming primitives and extensible data types. Sonic will contribute to onboarding new developers to the Solana gaming ecosystem as well as focus on easing existing game producers into using the Sonic SVM and HyperGrid Framework. The latter is a rollup deployment kit that allows developers to deploy new game engines and virtual machines within the Solana environment.  Developers said that while Solana has benefited from the memecoin boom and decentralized application market growth, its gaming aspect “has not seen similar levels of success.” They believe that the novel Sonic protocol could help other devs in deploying Solana Virtual Machine (SVM) chains to support their own GameFi projects. The Sonic protocol was first launched on March 29. It has been deployed to 50 gaming clients as initial distribution nodes. Three games — Mahjong Meta, Matr1x Fire and Seraph/ActozSoft — saw more than 200,000 traffic and transaction engagements generated during their gaming sessions after incorporating the Mirror World SDK. $SOL #SOL #Solana #Gaming
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⚠️ Bitcoin reduced volatility points to market growth and institutional influence Bitcoin’s (BTC) recent price movements reflect a newfound stability in the crypto market, with a notable decrease in volatility, highlighted by a report by on-chain analysis firm Kaiko. Last week, amid US macroeconomic updates, Bitcoin experienced a brief surge from $66,000 to nearly $70,000 before settling back above $66,600, as per the Kaiko BTC Benchmark Reference Rate. Despite the week’s 4% dip and predominant selling on exchanges, Bitcoin’s 60-day historical volatility has consistently stayed below 50% since early 2023. This marks a significant change from the behavior seen in 2022, where volatility often exceeded 100%. In contrast, 2024 saw Bitcoin’s volatility at an all-time low of 40%, even as it hit record highs, a stark difference from the over 106% volatility in 2021. The subdued volatility suggests a maturing market, with the US market close now seeing a higher volume of BTC trades. This shift in market structure, along with the recent performance of spot BTC exchange-traded funds (ETFs) in the US, may be influencing the current price stability. Additionally, BlackRock’s rise to become the manager for the world’s largest spot Bitcoin ETF, surpassing Grayscale’s GBTC, underscores the evolving landscape of Bitcoin investment. 🔸 ETFs tank after FOMC meeting Despite the overall great performance of spot Bitcoin ETFs in the US, a streak of 20 consecutive days of inflows was broken last week. Notably, a new streak of three consecutive trading days of outflows is currently being formed, with over $550 million last week and $146 million in outflows on the first day of the current trading week. According to Jag Kooner, Head of Derivatives at Bitfinex, this could be tied to two key reasons. The first one is that investors lack conviction and are selling below their cost basis. $BTC #BTC #Bitcoin
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