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Binance Square #Write2Earn: Enjoy Up to 5% Trading Fee Commissions With Your Binance Square Posts!
This is a general announcement. Products and services referred to here may not be available in your region.
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
On the 11th may I share post regarding $PORTAL coin, at that time it was trade near on $0.76. Within one month it reached on 1.26, approximately raised 60+%. DYOR
#Write2earn
#Write2earn
LIVEMirJam CryptoHunter
--
On the 10th March 2024 the $PORTAL coin price was 2.80, but after this it continuously move in the downward ⬇️ direction. From last 10 days it moves in consolidated range, so it expected that soon it moves in reverse direction. This is not my financial advice, just share my thoughts. DYOR
#Write2earn
#Write2earn
#ETFvsBTC #Write2earn
Record Bitcoin ETF Inflows Led by Fidelity Boost Market Sentiment
#BitcoinETF #bitcoin☀️ #ETF $BTC
U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced a surge in inflows on Tuesday, with over $880 million pouring in, according to provisional data released on Wednesday. This marks the highest single-day inflow since March and the second-largest since the launch of 11 Bitcoin ETFs in January.
Fidelity's FBTC led the pack, attracting $378 million in inflows, the most among its peers. BlackRock’s IBIT followed with $270 million, while Grayscale’s GBTC, typically known for its outflows, saw an influx of $28 million.
The influx of investments helped Bitcoin prices rise above $71,000 during Asian trading hours, reflecting a 3% increase as the data became public.
This renewed activity comes amid a generally bullish sentiment, following a lackluster period from mid-April to early May when some days recorded zero net inflows or even outflows from major ETFs like BlackRock’s IBIT.
Bloomberg analyst Eric Balchunas noted on X that Bitcoin ETFs have accumulated $3.3 billion over the past four weeks, bringing their net year-to-date total to over $15 billion.
The uptick in inflow activity also coincides with the recent approval of ether (ETH) spot ETFs for listing in the U.S. and a favorable outlook for cryptocurrencies amid the ongoing U.S. presidential campaign.
Record Bitcoin ETF Inflows Led by Fidelity Boost Market Sentiment
#BitcoinETF #bitcoin☀️ #ETF $BTC
U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced a surge in inflows on Tuesday, with over $880 million pouring in, according to provisional data released on Wednesday. This marks the highest single-day inflow since March and the second-largest since the launch of 11 Bitcoin ETFs in January.
Fidelity's FBTC led the pack, attracting $378 million in inflows, the most among its peers. BlackRock’s IBIT followed with $270 million, while Grayscale’s GBTC, typically known for its outflows, saw an influx of $28 million.
The influx of investments helped Bitcoin prices rise above $71,000 during Asian trading hours, reflecting a 3% increase as the data became public.
This renewed activity comes amid a generally bullish sentiment, following a lackluster period from mid-April to early May when some days recorded zero net inflows or even outflows from major ETFs like BlackRock’s IBIT.
Bloomberg analyst Eric Balchunas noted on X that Bitcoin ETFs have accumulated $3.3 billion over the past four weeks, bringing their net year-to-date total to over $15 billion.
The uptick in inflow activity also coincides with the recent approval of ether (ETH) spot ETFs for listing in the U.S. and a favorable outlook for cryptocurrencies amid the ongoing U.S. presidential campaign.
We are just 42% of 2024,
yet we are winning with #Bitcoin.
1. Spot Bitcoin ETFs
🟠 United States
🟠 Hong Kong
🟠 United Kingdom (ETPs)
🟠 Australia
🟠 Thailand
2. States' Initiative to Protect Bitcoin Rights
Signed to Law:
🟠 Oklahoma
Pass a Bill:
🟡 Missouri
🟡 Ohio
🟡 South Carolina
🟡 Mississippi
🟡 Tennessee
🟡 Virginia
🟡 Nebraska
🟡 Indiana
🟡 Louisiana
3. U.S. Election
🟠 Donald Trump: Pro-Crypto
🟠 Robert Kennedy Jr.: Pro-Crypto
🟡 Joe Biden: Started to shift
4. Institutions Adoption
Around 700 financial firms and institutions
reported having Bitcoin ETF shares.
Top 5 biggest names and holdings:
🟠 Millenium Management
🟠 Susquehanna International Group
🟠 Bracebridge Capital
🟠 Jane Street Group
🟠 Schonfeld Strategic Advisors
5. Crypto Regulations
🟠 FIT21 - passed the House
🟠 CBDC Anti-Surveillance State Act - passed the House.
If you think this is not bullish,
think again.
We are not even half of the year.
Let that sink in.
#StartInvestingInCrypto #ETHETFsApproved #btc70k #BnbAth #Write2earn $BTC $ETH $BNB
yet we are winning with #Bitcoin.
1. Spot Bitcoin ETFs
🟠 United States
🟠 Hong Kong
🟠 United Kingdom (ETPs)
🟠 Australia
🟠 Thailand
2. States' Initiative to Protect Bitcoin Rights
Signed to Law:
🟠 Oklahoma
Pass a Bill:
🟡 Missouri
🟡 Ohio
🟡 South Carolina
🟡 Mississippi
🟡 Tennessee
🟡 Virginia
🟡 Nebraska
🟡 Indiana
🟡 Louisiana
3. U.S. Election
🟠 Donald Trump: Pro-Crypto
🟠 Robert Kennedy Jr.: Pro-Crypto
🟡 Joe Biden: Started to shift
4. Institutions Adoption
Around 700 financial firms and institutions
reported having Bitcoin ETF shares.
Top 5 biggest names and holdings:
🟠 Millenium Management
🟠 Susquehanna International Group
🟠 Bracebridge Capital
🟠 Jane Street Group
🟠 Schonfeld Strategic Advisors
5. Crypto Regulations
🟠 FIT21 - passed the House
🟠 CBDC Anti-Surveillance State Act - passed the House.
If you think this is not bullish,
think again.
We are not even half of the year.
Let that sink in.
#StartInvestingInCrypto #ETHETFsApproved #btc70k #BnbAth #Write2earn $BTC $ETH $BNB
#Write2earn
BNB Chain Ecosystem Tokens See Surge in Trading Volumes Led by FLOKI
#BnbAth #BNB #BNBchain #FLOKI
$BNB $FLOKI
In the past 24 hours, trading volumes of tokens within the BNB Chain ecosystem have more than doubled, with meme coin FLOKI leading the gains among larger tokens.
Significant Activity on BNB Chain
The BNB Chain ecosystem has seen a significant boost in activity, token prices, and trading volumes as BNB surged to a record high above $710. According to CoinGecko, BNB Chain-based token trading volumes rose by 124%. FLOKI increased by over 25%, and PancakeSwap’s CAKE token jumped by 15%.
Smaller Cap Projects Shine
Smaller projects also showed impressive gains. Sensi’s SENSI token saw a 900% price increase, with trading volumes climbing from $14,000 on Monday to $100,000 by Wednesday morning.
Increase in Total Value Locked and Inflows
The total value locked (TVL) in BNB ecosystem projects increased by nearly 8%, led by PancakeSwap and Venus, with net inflows topping $2.4 million.
Factors Driving BNB’s Price Surge
Market observers cite several factors for BNB’s price increase, including token burns and lock initiatives. Nearly $400,000 worth of tokens were burned in the past seven days, contributing to the price surge.
BNB Chain’s Potential Highlighted
A Floki developer praised BNB Chain's strengths, noting its speed, scalability, and widespread use, especially outside the Western world. "BNB Chain is fast, scalable, and arguably the most used chain by the majority of the non-Western world," the developer stated.
BNB Chain, originally developed as Binance Smart Chain, continues to be supported by Binance for its development and funding.
BNB Chain Ecosystem Tokens See Surge in Trading Volumes Led by FLOKI
#BnbAth #BNB #BNBchain #FLOKI
$BNB $FLOKI
In the past 24 hours, trading volumes of tokens within the BNB Chain ecosystem have more than doubled, with meme coin FLOKI leading the gains among larger tokens.
Significant Activity on BNB Chain
The BNB Chain ecosystem has seen a significant boost in activity, token prices, and trading volumes as BNB surged to a record high above $710. According to CoinGecko, BNB Chain-based token trading volumes rose by 124%. FLOKI increased by over 25%, and PancakeSwap’s CAKE token jumped by 15%.
Smaller Cap Projects Shine
Smaller projects also showed impressive gains. Sensi’s SENSI token saw a 900% price increase, with trading volumes climbing from $14,000 on Monday to $100,000 by Wednesday morning.
Increase in Total Value Locked and Inflows
The total value locked (TVL) in BNB ecosystem projects increased by nearly 8%, led by PancakeSwap and Venus, with net inflows topping $2.4 million.
Factors Driving BNB’s Price Surge
Market observers cite several factors for BNB’s price increase, including token burns and lock initiatives. Nearly $400,000 worth of tokens were burned in the past seven days, contributing to the price surge.
BNB Chain’s Potential Highlighted
A Floki developer praised BNB Chain's strengths, noting its speed, scalability, and widespread use, especially outside the Western world. "BNB Chain is fast, scalable, and arguably the most used chain by the majority of the non-Western world," the developer stated.
BNB Chain, originally developed as Binance Smart Chain, continues to be supported by Binance for its development and funding.
#Write2earn
BLOCKSTREAM CEO ADAM BACK PREDICTS UNSTOPPABLE BITCOIN PRICE RALLY
#BitcoinAnalyst #BTC $BTC #BitcoinTo100K
Blockstream CEO Adam Back recently shared a bullish outlook for Bitcoin on X (formerly Twitter), predicting an inevitable parabolic uptrend. His analysis comes amid significant market volatility post-Bitcoin halving.
Current BTC Status
Bitcoin is trading at $68,941, down 0.42% in the past 24 hours. Let's delve into why Back foresees a substantial price rally.
Key Reasons for the Predicted BTC Surge
Exhausted Market Bears:
Back believes market bears will soon be "exhausted" and run out of coins to sell, giving bulls the upper hand and driving prices up.
Strong Fundamentals:
Bitcoin’s growing adoption, real-world applications, and technological advancements support a bullish outlook. The approval of spot BTC ETFs in various countries and the upcoming BTC halving event highlight this trend.
Post-Halving Supply Shock:
A CryptoQuant report shows a decline in BTC miner holdings due to reduced rewards, suggesting a supply shock that could drive prices higher amid rising demand.
Investor Interest:
Back suggests that Bitcoin's bullish long-term prospects will attract more investors, increasing capital inflow and buying pressure.
Conclusion
Adam Back's analysis indicates that a confluence of exhausted market bears, strong fundamentals, a post-halving supply shock, and increased investor interest could drive Bitcoin's price to new heights.
BLOCKSTREAM CEO ADAM BACK PREDICTS UNSTOPPABLE BITCOIN PRICE RALLY
#BitcoinAnalyst #BTC $BTC #BitcoinTo100K
Blockstream CEO Adam Back recently shared a bullish outlook for Bitcoin on X (formerly Twitter), predicting an inevitable parabolic uptrend. His analysis comes amid significant market volatility post-Bitcoin halving.
Current BTC Status
Bitcoin is trading at $68,941, down 0.42% in the past 24 hours. Let's delve into why Back foresees a substantial price rally.
Key Reasons for the Predicted BTC Surge
Exhausted Market Bears:
Back believes market bears will soon be "exhausted" and run out of coins to sell, giving bulls the upper hand and driving prices up.
Strong Fundamentals:
Bitcoin’s growing adoption, real-world applications, and technological advancements support a bullish outlook. The approval of spot BTC ETFs in various countries and the upcoming BTC halving event highlight this trend.
Post-Halving Supply Shock:
A CryptoQuant report shows a decline in BTC miner holdings due to reduced rewards, suggesting a supply shock that could drive prices higher amid rising demand.
Investor Interest:
Back suggests that Bitcoin's bullish long-term prospects will attract more investors, increasing capital inflow and buying pressure.
Conclusion
Adam Back's analysis indicates that a confluence of exhausted market bears, strong fundamentals, a post-halving supply shock, and increased investor interest could drive Bitcoin's price to new heights.
#Binance Account Compromised Through Stolen Cookies hack. "A Chinese trader fell victim to a hacking scam, losing $1 million through a promotional Google Chrome plugin named Aggr.
This malicious plugin steals cookies from users, enabling hackers to bypass both passwords and two-factor authentication (2FA) to access the victim’s Binance account.
(Ms.) Yi He (Binance co-founder) further warned users about the risks of logging into accounts with active cookie plugins to avoid the minor inconvenience of typing passwords for each login.
She stated, “Binance is not able to compensate users when their own login devices are compromised.” SOURCE: coinfomania website https://coinfomania.com/user-loses-1-million-binance-denies-blame-in-hacking-scam/ (Published June 3rd 2024
If you are wondering about how I access my crypto this is what I practice:
- use iOS (Apple devices when possible)
- use Binance app
- avoid accessing your Binance account via the browsers on your PC
- use antivirus if you are on PC and scan everyday
- always log off when you finish
- always keep your crypto in more than one place (several wallets)
- when you are using defi and hot wallets try to lock your coins in a time based contract. Time based contracts lock your coins and cannot be stolen quickly
There are many other ways to stay safe online when doing crypto. If this subject interests you then please say so in the comments below, so I will create more useful content about this subject for you, Habibi 🙏
#Write2earn #Tradentell #BinanceSquareFamily
$FLOKI $UMA $CAKE
This malicious plugin steals cookies from users, enabling hackers to bypass both passwords and two-factor authentication (2FA) to access the victim’s Binance account.
(Ms.) Yi He (Binance co-founder) further warned users about the risks of logging into accounts with active cookie plugins to avoid the minor inconvenience of typing passwords for each login.
She stated, “Binance is not able to compensate users when their own login devices are compromised.” SOURCE: coinfomania website https://coinfomania.com/user-loses-1-million-binance-denies-blame-in-hacking-scam/ (Published June 3rd 2024
If you are wondering about how I access my crypto this is what I practice:
- use iOS (Apple devices when possible)
- use Binance app
- avoid accessing your Binance account via the browsers on your PC
- use antivirus if you are on PC and scan everyday
- always log off when you finish
- always keep your crypto in more than one place (several wallets)
- when you are using defi and hot wallets try to lock your coins in a time based contract. Time based contracts lock your coins and cannot be stolen quickly
There are many other ways to stay safe online when doing crypto. If this subject interests you then please say so in the comments below, so I will create more useful content about this subject for you, Habibi 🙏
#Write2earn #Tradentell #BinanceSquareFamily
$FLOKI $UMA $CAKE
#Write2earn
Bitcoin On-Chain Data Reveals Strong Long-Term Conviction: Market Update
#bitcoin☀️ #BTC #ALTCOINS $ADA $BTC $SOL
Bitcoin (BTC) has remained a topic of intense interest in the cryptocurrency market, with its recent price movements and on-chain data providing insights into the state of the ecosystem.
According to recent reports, over 50% of the Bitcoin supply has remained inactive, indicating a strong long-term conviction among investors . This trend is particularly noteworthy as it comes amid the recent market volatility, with Bitcoin sliding to $69,200 early Tuesday, amid broader profit-taking after briefly crossing the $70,000 level late Monday.
The price action across major cryptocurrencies has been mixed, with some meme stocks and tokens experiencing significant gains, while others, such as Ether and Dogecoin, showing slight losses . Cardano's ADA and Solana's SOL, on the other hand, rose as much as 3%, reflecting the diverse nature of the cryptocurrency market.
The recent on-chain analysis by CryptoQuant revealed that 50% of the long-term Bitcoin supply was "inactive," meaning that these coins have not moved or seen any changes in their holdings across tracked wallets. This is considered a strong indicator of long-term conviction, which may suggest the potential for further price gains in the future.
The bullish sentiment around Bitcoin's continued growth remains "stubbornly" present, according to Singapore-based QCP Capital, which noted an increase in trading activity.
Bitcoin On-Chain Data Reveals Strong Long-Term Conviction: Market Update
#bitcoin☀️ #BTC #ALTCOINS $ADA $BTC $SOL
Bitcoin (BTC) has remained a topic of intense interest in the cryptocurrency market, with its recent price movements and on-chain data providing insights into the state of the ecosystem.
According to recent reports, over 50% of the Bitcoin supply has remained inactive, indicating a strong long-term conviction among investors . This trend is particularly noteworthy as it comes amid the recent market volatility, with Bitcoin sliding to $69,200 early Tuesday, amid broader profit-taking after briefly crossing the $70,000 level late Monday.
The price action across major cryptocurrencies has been mixed, with some meme stocks and tokens experiencing significant gains, while others, such as Ether and Dogecoin, showing slight losses . Cardano's ADA and Solana's SOL, on the other hand, rose as much as 3%, reflecting the diverse nature of the cryptocurrency market.
The recent on-chain analysis by CryptoQuant revealed that 50% of the long-term Bitcoin supply was "inactive," meaning that these coins have not moved or seen any changes in their holdings across tracked wallets. This is considered a strong indicator of long-term conviction, which may suggest the potential for further price gains in the future.
The bullish sentiment around Bitcoin's continued growth remains "stubbornly" present, according to Singapore-based QCP Capital, which noted an increase in trading activity.
$NOT
NOTCON price prediction with reasonnings
Month | Predicted Price
------------|----------------
July 2024 | $0.023
August 2024 | $0.025
September | $0.027
October | $0.029
November | $0.031
December | $0.033
Long-term, month-by-month prediction for NOTCOIN (NOT) involves analyzing various technical indicators, including Elliott Wave forecast and logarithmic regression. Here’s a synthesized prediction based on the current data:
Current Price: As of today, the current price of NOTCOIN is approximately $0.0211.
Using Elliott Wave Theory:
Elliott Wave Theory suggests that market prices unfold in specific patterns, known as waves.For NOTCOIN, we could expect to see a series of impulse and corrective waves that could predict price movements over the coming months.
Applying Logarithmic Regression:
Logarithmic regression is used to understand the growth pattern of an asset over time on a logarithmic scale.This method can help project future price points based on historical data and growth trends.
Other Indicators:
Other technical indicators like Moving Averages, RSI, and MACD will also be considered to provide a more comprehensive analysis.
Given the volatility of the cryptocurrency market, it’s important to note that these predictions are speculative and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
#writetoearn
#Write2earn
#NOT🔥🔥🔥
NOTCON price prediction with reasonnings
Month | Predicted Price
------------|----------------
July 2024 | $0.023
August 2024 | $0.025
September | $0.027
October | $0.029
November | $0.031
December | $0.033
Long-term, month-by-month prediction for NOTCOIN (NOT) involves analyzing various technical indicators, including Elliott Wave forecast and logarithmic regression. Here’s a synthesized prediction based on the current data:
Current Price: As of today, the current price of NOTCOIN is approximately $0.0211.
Using Elliott Wave Theory:
Elliott Wave Theory suggests that market prices unfold in specific patterns, known as waves.For NOTCOIN, we could expect to see a series of impulse and corrective waves that could predict price movements over the coming months.
Applying Logarithmic Regression:
Logarithmic regression is used to understand the growth pattern of an asset over time on a logarithmic scale.This method can help project future price points based on historical data and growth trends.
Other Indicators:
Other technical indicators like Moving Averages, RSI, and MACD will also be considered to provide a more comprehensive analysis.
Given the volatility of the cryptocurrency market, it’s important to note that these predictions are speculative and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
#writetoearn
#Write2earn
#NOT🔥🔥🔥
#Write2earn
#Polkadot (DOT) Holds Above $7 Amid Volatility: Analysts Remain Bullish
#Dot........ $DOT #altcoins
Last week, Polkadot faced a bearish spell, slipping from $7.63 to $6.97. However, it managed to stay above the crucial $7 mark, finding stability as buyers re-entered the market, pushing DOT back to $7.05 by Saturday.
Crucial Juncture Ahead for Polkadot (DOT)
Currently, Polkadot is at a pivotal point, caught between support at $7 and resistance at $7.60. Breaking through the $7.60 barrier, aligned with the 200-day SMA, could launch DOT toward $8. Conversely, a breach of $7 support may lead to a dip to $6.40.
DOT's Undervaluation Despite Technological Strides
Renowned analyst Michael van de Poppe highlights Polkadot's undervaluation, particularly with recent upgrades like the JAM protocol. With a focus on real-world asset integration, Polkadot is making strategic strides, boasting six RWA-focused projects within its ecosystem.
"Polkadot ($DOT ) remains heavily undervalued. With the recent JAM Upgrade and a strong focus on real-world assets, DOT is set for significant growth," van de Poppe emphasized.
#Polkadot (DOT) Holds Above $7 Amid Volatility: Analysts Remain Bullish
#Dot........ $DOT #altcoins
Last week, Polkadot faced a bearish spell, slipping from $7.63 to $6.97. However, it managed to stay above the crucial $7 mark, finding stability as buyers re-entered the market, pushing DOT back to $7.05 by Saturday.
Crucial Juncture Ahead for Polkadot (DOT)
Currently, Polkadot is at a pivotal point, caught between support at $7 and resistance at $7.60. Breaking through the $7.60 barrier, aligned with the 200-day SMA, could launch DOT toward $8. Conversely, a breach of $7 support may lead to a dip to $6.40.
DOT's Undervaluation Despite Technological Strides
Renowned analyst Michael van de Poppe highlights Polkadot's undervaluation, particularly with recent upgrades like the JAM protocol. With a focus on real-world asset integration, Polkadot is making strategic strides, boasting six RWA-focused projects within its ecosystem.
"Polkadot ($DOT ) remains heavily undervalued. With the recent JAM Upgrade and a strong focus on real-world assets, DOT is set for significant growth," van de Poppe emphasized.
#Write2earn
#Bitcoin Price Surge: Analysts Eye $74,000 Target Amid Positive Market Sentiment
#BTC #BitcoinAnalysis $BTC
Bitcoin's price has surged by more than 2%, spiking trading activity and market interest. This comes amid key developments like the approval of Bitcoin ETFs and the upcoming Bitcoin halving event.
Bullish Signals from Analysts
Crypto analyst Ali Martinez shared a positive outlook, noting, "Bitcoin appears to be breaking out from a symmetrical triangle!" He indicated that if Bitcoin closes above the $69,330 resistance level, it could rally toward $74,400.
Strong On-Chain Data
On-chain data from IntoTheBlock shows robust demand for Bitcoin. With a significant demand zone between $66,900 and $68,900, where over 2 million addresses hold about 1.1 million Bitcoin, the foundation for further price increases looks solid.
Market Sentiment and Projections
If Bitcoin stays above $69,330, it could rally to $74,000 and beyond. The approval of U.S. Spot Bitcoin ETFs has boosted market sentiment, adding liquidity and legitimacy.
Currently, Bitcoin is trading at $69,056.03, up 2.04%, with a 24-hour high of $69,313.26. Trading volume has surged by 119.15% to $24.29 billion.
Conclusion
With bullish technical indicators and strong on-chain data, Bitcoin seems poised for significant gains. Investors should watch key resistance levels and market developments closely.
#Bitcoin Price Surge: Analysts Eye $74,000 Target Amid Positive Market Sentiment
#BTC #BitcoinAnalysis $BTC
Bitcoin's price has surged by more than 2%, spiking trading activity and market interest. This comes amid key developments like the approval of Bitcoin ETFs and the upcoming Bitcoin halving event.
Bullish Signals from Analysts
Crypto analyst Ali Martinez shared a positive outlook, noting, "Bitcoin appears to be breaking out from a symmetrical triangle!" He indicated that if Bitcoin closes above the $69,330 resistance level, it could rally toward $74,400.
Strong On-Chain Data
On-chain data from IntoTheBlock shows robust demand for Bitcoin. With a significant demand zone between $66,900 and $68,900, where over 2 million addresses hold about 1.1 million Bitcoin, the foundation for further price increases looks solid.
Market Sentiment and Projections
If Bitcoin stays above $69,330, it could rally to $74,000 and beyond. The approval of U.S. Spot Bitcoin ETFs has boosted market sentiment, adding liquidity and legitimacy.
Currently, Bitcoin is trading at $69,056.03, up 2.04%, with a 24-hour high of $69,313.26. Trading volume has surged by 119.15% to $24.29 billion.
Conclusion
With bullish technical indicators and strong on-chain data, Bitcoin seems poised for significant gains. Investors should watch key resistance levels and market developments closely.
#Write2earn KEITH GILL’S GAMESTOP OPTIONS POSITION SPARKS MEME TOKEN RALLY
#GAMEstop #GME #TheRoaringKitty #KeithGill
Influential retail trader Keith Gill, known for the 2021 GameStop short squeeze, has reignited market excitement with a recent post on the r/superstonks subreddit.
Using his “DeepF*****Value” alias, Gill revealed his substantial GameStop (GME) options positions early Monday during Asian trading hours.
Gill's post showcased over $116 million in GME shares and $63 million in call options set to expire on June 21. His strategic bets have already netted him $6.8 million, sparking a speculative frenzy.
Market Reactions
The viral Reddit post sent ripples across both stock and crypto markets. Cat-themed meme tokens such as toshi (TOSHI), mog (MOG), keycat (KEYCAT), and wen (WEN) surged by up to 37% in the past 24 hours, as per CoinGecko data. GME, a Solana meme token, soared over 200% according to DEXTools data.
GameStop shares also climbed by more than 80%, while AMC Entertainment Holdings Inc. (AMC) saw a 36% increase in premarket trading, based on MarketWatch data.
This is the second time in under a month that Gill’s social media activity has influenced crypto and stock markets. His May post on the @TheRoaringKittyX account triggered similar rallies across Solana meme tokens.
Keith Gill's Influence
Gill earned his reputation and market authority by analyzing GameStop's financials on Reddit stock market forums starting in 2019. His insights gained traction during the COVID-19 pandemic, culminating in the viral GameStop short squeeze of January 2021. This phenomenon saw small-time traders unite to purchase options and leveraged shares, driving the stock price up significantly.
Gill’s initial $53,000 investment in GameStop reached a peak value of nearly $50 million, cementing his status as a rags-to-riches success story and garnering a dedicated following.
#GAMEstop #GME #TheRoaringKitty #KeithGill
Influential retail trader Keith Gill, known for the 2021 GameStop short squeeze, has reignited market excitement with a recent post on the r/superstonks subreddit.
Using his “DeepF*****Value” alias, Gill revealed his substantial GameStop (GME) options positions early Monday during Asian trading hours.
Gill's post showcased over $116 million in GME shares and $63 million in call options set to expire on June 21. His strategic bets have already netted him $6.8 million, sparking a speculative frenzy.
Market Reactions
The viral Reddit post sent ripples across both stock and crypto markets. Cat-themed meme tokens such as toshi (TOSHI), mog (MOG), keycat (KEYCAT), and wen (WEN) surged by up to 37% in the past 24 hours, as per CoinGecko data. GME, a Solana meme token, soared over 200% according to DEXTools data.
GameStop shares also climbed by more than 80%, while AMC Entertainment Holdings Inc. (AMC) saw a 36% increase in premarket trading, based on MarketWatch data.
This is the second time in under a month that Gill’s social media activity has influenced crypto and stock markets. His May post on the @TheRoaringKittyX account triggered similar rallies across Solana meme tokens.
Keith Gill's Influence
Gill earned his reputation and market authority by analyzing GameStop's financials on Reddit stock market forums starting in 2019. His insights gained traction during the COVID-19 pandemic, culminating in the viral GameStop short squeeze of January 2021. This phenomenon saw small-time traders unite to purchase options and leveraged shares, driving the stock price up significantly.
Gill’s initial $53,000 investment in GameStop reached a peak value of nearly $50 million, cementing his status as a rags-to-riches success story and garnering a dedicated following.
#Write2earn
Pepe Coin Accumulation Sparks Bullish Momentum: New Wallet Buys 202 Billion PEPE from Binance
#pepe⚡ $PEPE #PepeCoinToTheMoon #memecoin
The recent surge in Pepe coin accumulation has sent ripples through the crypto industry, propelling PEPE's price to new heights. Notably, a staggering 202 billion coins were scooped up from Binance, fueling anticipation of further price gains.
Fresh Accumulation Ignites Optimism
In a remarkable turn of events on June 3, amidst Pepe coin's already impressive bull run, a new wallet address amassed a substantial amount of PEPE from Binance. This influx of coins, totaling $3.07 million, occurred against the backdrop of a weekly pullback in PEPE price, sparking bullish sentiments among market participants.
Investors interpret this accumulation as a positive sign, indicating continued confidence in the asset's potential despite speculations that PEPE may have reached its peak. The frog-themed crypto's resilience and ongoing market surge further bolster this outlook.
Pepe Coin's Market Dynamics
According to data from the on-chain analytics platform Whale Alert, a whopping 202.4 billion PEPE was withdrawn from Binance by the wallet address 0x5077. This substantial accumulation adds to PEPE's already impressive performance in this year's bull cycle.
However, recent PEPE dumps in the market have also drawn attention, possibly driven by profit-taking behavior amidst the coin's phenomenal rally, boasting a 96% increase over the past month.
Price Movement and Market Statistics
Despite these fluctuations, PEPE's price surged by 2.80% in the past 24 hours, reaching $0.00001519. Market indicators paint a positive picture, with futures Open Interest (OI) and derivatives volume showing significant upticks. The Relative Strength Index (RSI) hovering near 63 suggests that PEPE has yet to reach overbought levels, indicating potential for further gains.
Conclusion
With substantial accumulation and promising market statistics, Pepe coin stands as a bullish contender in the global crypto market.
Pepe Coin Accumulation Sparks Bullish Momentum: New Wallet Buys 202 Billion PEPE from Binance
#pepe⚡ $PEPE #PepeCoinToTheMoon #memecoin
The recent surge in Pepe coin accumulation has sent ripples through the crypto industry, propelling PEPE's price to new heights. Notably, a staggering 202 billion coins were scooped up from Binance, fueling anticipation of further price gains.
Fresh Accumulation Ignites Optimism
In a remarkable turn of events on June 3, amidst Pepe coin's already impressive bull run, a new wallet address amassed a substantial amount of PEPE from Binance. This influx of coins, totaling $3.07 million, occurred against the backdrop of a weekly pullback in PEPE price, sparking bullish sentiments among market participants.
Investors interpret this accumulation as a positive sign, indicating continued confidence in the asset's potential despite speculations that PEPE may have reached its peak. The frog-themed crypto's resilience and ongoing market surge further bolster this outlook.
Pepe Coin's Market Dynamics
According to data from the on-chain analytics platform Whale Alert, a whopping 202.4 billion PEPE was withdrawn from Binance by the wallet address 0x5077. This substantial accumulation adds to PEPE's already impressive performance in this year's bull cycle.
However, recent PEPE dumps in the market have also drawn attention, possibly driven by profit-taking behavior amidst the coin's phenomenal rally, boasting a 96% increase over the past month.
Price Movement and Market Statistics
Despite these fluctuations, PEPE's price surged by 2.80% in the past 24 hours, reaching $0.00001519. Market indicators paint a positive picture, with futures Open Interest (OI) and derivatives volume showing significant upticks. The Relative Strength Index (RSI) hovering near 63 suggests that PEPE has yet to reach overbought levels, indicating potential for further gains.
Conclusion
With substantial accumulation and promising market statistics, Pepe coin stands as a bullish contender in the global crypto market.
#Write2earn MANTRA and Ondo Finance Join Forces to Enhance Liquidity in RWA Tokenization
#MANTRA #ONDOfinance #ONDO $ondo $OM #RWA
MANTRA, a leader in real world asset (RWA) tokenization, has unveiled a significant new product in collaboration with Ondo Finance. This development aims to boost liquidity for RWA tokenization, an area attracting substantial institutional interest this year.
Key Highlights:
Launch of USDY: MANTRA will introduce Ondo’s interest-bearing tokenized note, USDY, when its blockchain launches later this year. USDY offers exposure to short-term US Treasury yields while retaining stablecoin utility. Note: USDY is not available in the US or to US persons.
Liquidity Incentives: To celebrate this milestone, MANTRA and Ondo will incentivize a multi-chain vault. Users contributing USDC to this vault will gain immediate access to high-quality yields. Those staying until MANTRA Chain’s mainnet launch will receive ONDO tokens and mainnet OM coins. The vault opens in June on Ethereum and Base.
Incentive Structure:
Progressive rewards will be distributed as participation milestones are reached, ensuring returns remain attractive.
Vision and Leadership:
Nathan Allman, CEO of Ondo Finance: "We are excited to see the USDY vault launching on MANTRA, furthering our mission to bring institutional-grade assets to the world."
John Patrick Mullin, CEO of MANTRA: "Introducing USDY is a major expansion of our ecosystem, enhancing our onchain liquidity profile. This product launch aligns with our strategy to collaborate with leading RWA projects."
Conclusion:
This collaboration marks a pivotal advancement in the RWA tokenization sector. With the launch of USDY and the multi-chain vault, MANTRA is set to enhance liquidity and bridge the gap between traditional and decentralized finance, solidifying its leadership in the digital assets industry.
#MANTRA #ONDOfinance #ONDO $ondo $OM #RWA
MANTRA, a leader in real world asset (RWA) tokenization, has unveiled a significant new product in collaboration with Ondo Finance. This development aims to boost liquidity for RWA tokenization, an area attracting substantial institutional interest this year.
Key Highlights:
Launch of USDY: MANTRA will introduce Ondo’s interest-bearing tokenized note, USDY, when its blockchain launches later this year. USDY offers exposure to short-term US Treasury yields while retaining stablecoin utility. Note: USDY is not available in the US or to US persons.
Liquidity Incentives: To celebrate this milestone, MANTRA and Ondo will incentivize a multi-chain vault. Users contributing USDC to this vault will gain immediate access to high-quality yields. Those staying until MANTRA Chain’s mainnet launch will receive ONDO tokens and mainnet OM coins. The vault opens in June on Ethereum and Base.
Incentive Structure:
Progressive rewards will be distributed as participation milestones are reached, ensuring returns remain attractive.
Vision and Leadership:
Nathan Allman, CEO of Ondo Finance: "We are excited to see the USDY vault launching on MANTRA, furthering our mission to bring institutional-grade assets to the world."
John Patrick Mullin, CEO of MANTRA: "Introducing USDY is a major expansion of our ecosystem, enhancing our onchain liquidity profile. This product launch aligns with our strategy to collaborate with leading RWA projects."
Conclusion:
This collaboration marks a pivotal advancement in the RWA tokenization sector. With the launch of USDY and the multi-chain vault, MANTRA is set to enhance liquidity and bridge the gap between traditional and decentralized finance, solidifying its leadership in the digital assets industry.
#Write2earn
Bitcoin Faces Bearish Trend Amid Rising Treasury Yields and Macroeconomic Uncertainties
#BitcoinAnalysis
#Bitcoin $BTC
Bitcoin (BTC) is showing resilience but remains below its all-time high, trading around $65,000.
Here's a quick look at the key factors influencing its price:
Technical Analysis:
50-Day Simple Moving Average (SMA): Positioned at $64,870. Falling below this could signal further declines.10-Day
Momentum Indicator: Turned negative, indicating downward
pressure.
MACD Histogram: Also negative, signaling a bearish trend.
Macroeconomic Factors:
Rising U.S. Treasury Yields: The 10-year yield has risen to 4.55%, affecting Bitcoin and other risk assets.
Analysts warn that if it rises above 4.7%, stock markets could see increased volatility, impacting Bitcoin.
Two-Year Treasury Yield: Nearing 5%, making government bonds more attractive compared to cryptocurrencies.
Key Economic Data:
PCE Price Index: Traders are eyeing the upcoming PCE data, the Federal Reserve's preferred inflation measure.
Higher-than-expected figures could lead to higher bond yields and more pressure on Bitcoin.
Conclusion:
Bitcoin's price is influenced by technical indicators and macroeconomic factors, suggesting a bearish trend. Key support at $64,870 and the upcoming PCE data will be crucial for traders and investors.
Bitcoin Faces Bearish Trend Amid Rising Treasury Yields and Macroeconomic Uncertainties
#BitcoinAnalysis
#Bitcoin $BTC
Bitcoin (BTC) is showing resilience but remains below its all-time high, trading around $65,000.
Here's a quick look at the key factors influencing its price:
Technical Analysis:
50-Day Simple Moving Average (SMA): Positioned at $64,870. Falling below this could signal further declines.10-Day
Momentum Indicator: Turned negative, indicating downward
pressure.
MACD Histogram: Also negative, signaling a bearish trend.
Macroeconomic Factors:
Rising U.S. Treasury Yields: The 10-year yield has risen to 4.55%, affecting Bitcoin and other risk assets.
Analysts warn that if it rises above 4.7%, stock markets could see increased volatility, impacting Bitcoin.
Two-Year Treasury Yield: Nearing 5%, making government bonds more attractive compared to cryptocurrencies.
Key Economic Data:
PCE Price Index: Traders are eyeing the upcoming PCE data, the Federal Reserve's preferred inflation measure.
Higher-than-expected figures could lead to higher bond yields and more pressure on Bitcoin.
Conclusion:
Bitcoin's price is influenced by technical indicators and macroeconomic factors, suggesting a bearish trend. Key support at $64,870 and the upcoming PCE data will be crucial for traders and investors.
#Write2earn $BTC Going Low before 8th jun
Tokens with low initial circulating supply to fully dilute value ratios and threaten the crypto market.
Binance experts have published a new report analyzing tokens launched in 2024. The study shows that the initial circulating supply to fully diluted value (FDV) ratio was the lowest in several years, indicating potentially high selling pressure that could negatively impact the crypto market.
Tokens with low initial circulating supply to fully dilute value ratios and threaten the crypto market.
Binance experts have published a new report analyzing tokens launched in 2024. The study shows that the initial circulating supply to fully diluted value (FDV) ratio was the lowest in several years, indicating potentially high selling pressure that could negatively impact the crypto market.
Mastercard Launches P2P Crypto Network
Mastercard is launching a peer-to-peer network for sending and receiving digital assets across borders.
The P2P network, called Mastercard Crypto Credential, will serve users in Europe and Latin America.
As published in the Blockpro, the Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.
“As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks,” Walter Pimenta, executive vice president of product and engineering for Latin America and the Caribbean at Mastercard, said in a statement.
This is a very interesting development in the crypto transfer and trading space.
#Write2earn #trendingsubject
Mastercard is launching a peer-to-peer network for sending and receiving digital assets across borders.
The P2P network, called Mastercard Crypto Credential, will serve users in Europe and Latin America.
As published in the Blockpro, the Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.
“As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks,” Walter Pimenta, executive vice president of product and engineering for Latin America and the Caribbean at Mastercard, said in a statement.
This is a very interesting development in the crypto transfer and trading space.
#Write2earn #trendingsubject
#Write2earn
PEPE Eyes Polygon’s Spot: Why the Meme Coin’s Price Rally Could Lead to a Major Upset
#PEPE #POLYGON $PEPE $MATIC #Altcoin #Memecoin
PEPE, the frog-themed meme coin, is on the verge of overtaking Polygon for the 18th spot on CoinMarketCap. Here's why this rally could propel PEPE ahead.
After soaring 136% in May, PEPE is trading at $0.00001632, close to its all-time high of $0.00001718. Now ranked 19th with a market cap of $6.86 billion, PEPE trails Polygon's $7.30 billion.
Key Factors Driving PEPE's Rally:
Impressive Gains and Investor Confidence:
PEPE's rapid growth has made it a favored investment, suggesting it could soon surpass Polygon.
Significant Market Cap Growth:
PEPE's market cap has more than doubled in a month, nearly matching Polygon's $7.15 billion just days ago.
Dominance in Network Activity:
PEPE's trading volume stands at $1.9 billion, far outpacing Polygon's $330 million, indicating strong market demand.
Higher Price Growth:
PEPE's price surged 136% in May, compared to Polygon's 3% increase, challenging Polygon's position despite its higher trading value of $0.7302.
Current State and Future Outlook:
Though PEPE's price rally has paused, the momentum remains. If the rally resumes, PEPE could soon claim the 18th spot from Polygon.
PEPE Eyes Polygon’s Spot: Why the Meme Coin’s Price Rally Could Lead to a Major Upset
#PEPE #POLYGON $PEPE $MATIC #Altcoin #Memecoin
PEPE, the frog-themed meme coin, is on the verge of overtaking Polygon for the 18th spot on CoinMarketCap. Here's why this rally could propel PEPE ahead.
After soaring 136% in May, PEPE is trading at $0.00001632, close to its all-time high of $0.00001718. Now ranked 19th with a market cap of $6.86 billion, PEPE trails Polygon's $7.30 billion.
Key Factors Driving PEPE's Rally:
Impressive Gains and Investor Confidence:
PEPE's rapid growth has made it a favored investment, suggesting it could soon surpass Polygon.
Significant Market Cap Growth:
PEPE's market cap has more than doubled in a month, nearly matching Polygon's $7.15 billion just days ago.
Dominance in Network Activity:
PEPE's trading volume stands at $1.9 billion, far outpacing Polygon's $330 million, indicating strong market demand.
Higher Price Growth:
PEPE's price surged 136% in May, compared to Polygon's 3% increase, challenging Polygon's position despite its higher trading value of $0.7302.
Current State and Future Outlook:
Though PEPE's price rally has paused, the momentum remains. If the rally resumes, PEPE could soon claim the 18th spot from Polygon.
#Write2earn
TRON INTEGRATES LAYERZERO TO BOOST CROSS-CHAIN INTEROPERABILITY
#TronDAO #TRON #TRX $TRX #LayerZero
The TRON DAO has made a significant move by integrating with LayerZero, becoming the second non-EVM chain to join the platform's cross-chain interoperability protocol. This integration empowers TRON developers to seamlessly expand their decentralized applications (dApps) to over 70 other networks supported by LayerZero.
Unlocking Seamless Interactions
LayerZero's cutting-edge interoperability protocol facilitates smooth interactions between diverse blockchain networks. With TRON's integration, developers can deploy their dApps across multiple platforms effortlessly, while developers from other LayerZero-supported networks gain access to the TRON mainnet.
Driving Innovation and Adoption
As a leading blockchain with a substantial user base and significant USDT market share, TRON's collaboration with LayerZero aligns with its mission to enhance blockchain interoperability. This partnership provides developers with the tools needed to innovate and expand their reach, furthering the adoption of decentralized technologies.
Enthusiastic Responses
Dave Uhryniak from TRON DAO and Simon Baksys from LayerZero expressed excitement about the integration, highlighting its potential to foster greater innovation and growth. By supporting TRON and other networks, LayerZero aims to unlock new opportunities and drive the future of decentralized applications.
A New Era of Interoperability
The collaboration between LayerZero and TRON underscores the importance of cross-chain interoperability in creating a connected and versatile blockchain ecosystem. By enabling seamless communication and interaction between different networks, this integration sets the stage for the next wave of decentralized innovation and adoption.
TRON INTEGRATES LAYERZERO TO BOOST CROSS-CHAIN INTEROPERABILITY
#TronDAO #TRON #TRX $TRX #LayerZero
The TRON DAO has made a significant move by integrating with LayerZero, becoming the second non-EVM chain to join the platform's cross-chain interoperability protocol. This integration empowers TRON developers to seamlessly expand their decentralized applications (dApps) to over 70 other networks supported by LayerZero.
Unlocking Seamless Interactions
LayerZero's cutting-edge interoperability protocol facilitates smooth interactions between diverse blockchain networks. With TRON's integration, developers can deploy their dApps across multiple platforms effortlessly, while developers from other LayerZero-supported networks gain access to the TRON mainnet.
Driving Innovation and Adoption
As a leading blockchain with a substantial user base and significant USDT market share, TRON's collaboration with LayerZero aligns with its mission to enhance blockchain interoperability. This partnership provides developers with the tools needed to innovate and expand their reach, furthering the adoption of decentralized technologies.
Enthusiastic Responses
Dave Uhryniak from TRON DAO and Simon Baksys from LayerZero expressed excitement about the integration, highlighting its potential to foster greater innovation and growth. By supporting TRON and other networks, LayerZero aims to unlock new opportunities and drive the future of decentralized applications.
A New Era of Interoperability
The collaboration between LayerZero and TRON underscores the importance of cross-chain interoperability in creating a connected and versatile blockchain ecosystem. By enabling seamless communication and interaction between different networks, this integration sets the stage for the next wave of decentralized innovation and adoption.
#Write2earn
ETHEREUM LAYER 2 ADOPTION SURGES IN 2024: CONCERNS RISE OVER LIQUIDITY FRAGMENTATION
#Ethereum #Layer2 #Layer2s #Blast
$ETH $AAVE $ARB
Activity and total value locked (TVL) on Ethereum Layer 2s have seen significant growth in 2024, with transactions per second (TPS) and TVL steadily increasing over the past six months. However, the continuous announcement of new Layer 2 solutions raises concerns among analysts regarding liquidity fragmentation issues.
The surge in Layer 2 usage coincided with notable events such as the implementation of EIP-4844 and the launch of Blast. Since its launch on February 29, Blast has become the 6th largest chain by TVL. Additionally, the introduction of EIP-4844 resulted in a substantial increase in transactions per block on other Layer 2s.
DeFi Maestro, a strategist at Mantle, expressed concern about the proliferation of individual chains in the DeFi space, highlighting the growing problem of liquidity fragmentation and user attention.
Liquidity fragmentation refers to the dispersion of active liquidity across various chains and protocols, leading to market and protocol inefficiencies due to low volume concentration.
These concerns arise as Aave unveils its vision for Aave Network, a native Layer 2 solution for the Aave Protocol and its GHO stablecoin.
Despite the rising adoption of Layer 2 solutions, Ethereum (ETH) has experienced inflation over the past 30 days. ETH's supply is currently increasing at a rate of 0.51% per year, resulting in a projected surplus of 612,000 ETH annually.
While Ethereum Layer 2s benefit from increased transactional value and inherit the security of the ETH mainnet, the total amount of ETH burned remains notably lower compared to similar activity on the mainnet.
ETHEREUM LAYER 2 ADOPTION SURGES IN 2024: CONCERNS RISE OVER LIQUIDITY FRAGMENTATION
#Ethereum #Layer2 #Layer2s #Blast
$ETH $AAVE $ARB
Activity and total value locked (TVL) on Ethereum Layer 2s have seen significant growth in 2024, with transactions per second (TPS) and TVL steadily increasing over the past six months. However, the continuous announcement of new Layer 2 solutions raises concerns among analysts regarding liquidity fragmentation issues.
The surge in Layer 2 usage coincided with notable events such as the implementation of EIP-4844 and the launch of Blast. Since its launch on February 29, Blast has become the 6th largest chain by TVL. Additionally, the introduction of EIP-4844 resulted in a substantial increase in transactions per block on other Layer 2s.
DeFi Maestro, a strategist at Mantle, expressed concern about the proliferation of individual chains in the DeFi space, highlighting the growing problem of liquidity fragmentation and user attention.
Liquidity fragmentation refers to the dispersion of active liquidity across various chains and protocols, leading to market and protocol inefficiencies due to low volume concentration.
These concerns arise as Aave unveils its vision for Aave Network, a native Layer 2 solution for the Aave Protocol and its GHO stablecoin.
Despite the rising adoption of Layer 2 solutions, Ethereum (ETH) has experienced inflation over the past 30 days. ETH's supply is currently increasing at a rate of 0.51% per year, resulting in a projected surplus of 612,000 ETH annually.
While Ethereum Layer 2s benefit from increased transactional value and inherit the security of the ETH mainnet, the total amount of ETH burned remains notably lower compared to similar activity on the mainnet.
