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$UNI $10 INCOMING đžđž đ Amidst the selloff in the entire crypto market, Uni hits $8 today. Surpassing the pivotal level of $7.5 resistance Uni is up almost 8% for the day. A closing above this level will keep the bullish momentum and may rally further after a retest. Keep an eye on those levels as it has hit resistance multiple times. #Uniswapâs #DEFÄ°
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$TRX IS NEW ATH ON THE HORIZON? đ TRON price surges as bullish trend strengthens, targeting a potential all-time high. As it is holding strong above the $0.16 resistance, this bullish trend has sparked speculation about a potential climb to new all-time highs. đ„ TRON Price Bolstered by TRX Token Burn Event TRON price saw significant movement following the recent TRX token burn on October 8th. The network burned over 11 million TRX tokens, designed to enhance deflationary mechanisms and boost value. A total of 5,991,836 TRX tokens, valued at approximately $958,693.76, were removed from circulation, contributing to the networkâs deflationary goals. The burn demonstrated Tronâs ongoing commitment to increasing scarcity and promoting long-term value growth. As a result, TRON reported a net negative production ratio of -5,991,836 tokens. This event is part of Tronâs broader strategy to position TRX for sustained upward price trends. đ TRX Price Eyes ATH with Steady Growth TRON price is experiencing a notable upward trend. At the time of writing TRX price was $0.1612, reflecting a 2.82% increase in the last 24 hours. The coin hit a daily low of $0.1595 and a high of $0.1618, showing steady movement within a tight range. TRONâS all-time high stands at $0.3004, a drop of about 46.65% from its peak in January 2018. As of now the numbers are indicating a midterm target of $0.2 followed by $0.25 respectively. Stack this gem as much as you can. #TRONâ #TRXâ #JustinSun
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$1MBABYDOGE REACHED ITS ATH ON BINANCE đ đ But here's some bad news. It has formed a double top as well. đ Stay away from longs at this moment. Won't be a wise thing to do. #BABYDOGEUSDT #1MBabyDogeCoin
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Scrollâs SCR Token Debuts on Binance, Staking Begins Now. đ Of the 1 billion SCR tokens, 15% will be reserved for airdrops, with the first airdrop scheduled for October 22, 2024. Scroll, a prominent Ethereum Layer 2 network, is set to launch its native token, SCR, with Binance being the first exchange to provide pre-market trading for the token. The announcement on Tuesday revealed that users will have access to trade SCR before its official spot market listing. Starting from October 9th, users can participate in Binanceâs Launchpool farming event, where they can stake BNB and FDUSD to farm SCR tokens. Binance has capped farming pools, allowing a maximum of 97,395 SCR staked in the BNB pool and 17,187 SCR in the FDUSD pool. A total of 55 million SCR tokens, representing 5.5% of the 1 billion total supply, will be allocated for Launchpool rewards. The circulating supply of SCR will be 190 million tokens (19% of the total supply) when it is listed, ensuring a sizable initial market presence. Binance has yet to disclose the duration of the pre-market phase or when the token will be available for full-market trading. Scrollâs SCR token marks a crucial step toward the decentralization of the platform. The token will play a vital role in governance, proving, and sequencing within the Scroll ecosystem. Of the 1 billion SCR tokens, 15% will be reserved for airdrops, with the first airdrop scheduled for October 22, 2024. A significant portion (35%) is allocated to ecosystem growth, and 23% is reserved for Scrollâs core contributors. Investors will receive 17% of the total supply, unlocking tokens over four years. Start staking nowđđ„° #SCRLaunchpoolStarts!
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How Will FTX Refund Affect Bitcoin and Cryptocurrencies? Let's Understand. đ The infamous FTX incident which dragged the Bitcoin (BTC) and cryptocurrency markets into a collapse in 2022, and Delaware District Bankruptcy Court Judge John Dorsey approved the restructuring plan at the hearing. While this approval paves the way for refunds to be made to FTX creditors, analysts argued that these refunds could be positive for Bitcoin and the crypto market. According to The Block, analysts at K33 Research said that approximately $2.4 billion in repayments to creditors could return to the crypto market after a U.S. bankruptcy judge approved FTXâs restructuring plan. K33 analysts Vetle Lunde and David Zimmerman have predicted that payments will begin by the end of this quarter and the beginning of the first quarter of 2025. That date remains unclear, but analysts said they expect them to begin in mid-November. đ The big question for FTX payout bulls is how many of the refunds are likely to re-enter the market. Analysts have made a gradual distinction on this issue. At this point, analysts have noted that out of the total claims of $14.4 billion to $16.3 billion, $3.9 billion consists of loan funds, and they say that this $3.9 billion is unlikely to return to the market. Analysts said they found a total of $8 billion after subtracting other items, and they expect 20% to 40% of this to be invested back into the crypto market. âBecause FTXâs investor base was comprised of aggressive risk takers, we expect these creditors to reinvest their money back into the market. However, this will likely happen in multiple waves over the next year, meaning the overall impact on the crypto market could be soft,â analysts said. #FTT/USDT #FTXAuction
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