Many people expect the price of ARB to increase because of what Arbitrum has done since its launch. TVL is currently posted at more than 2.9 billion USD and sometimes peaks at 3.5 billion USD. The projects in Arbitrum's ecosystem are truly quality projects, but there is something that very few people pay attention to for projects with high TVL and low capitalization. Looking at this number, no one really thinks. ARB has such low prices. Why did ARB's price drop so suddenly? At a price range of more than $2.40, it gradually decreased until it was currently $1.10 and yesterday it dropped to $0.86. The main reason when you look at my photo will be easy to understand. During the ARB round, more than 1 billion tokens were released into the market with the current amount of tokens being more than 2.6 billion ARB in circulation. Increasing ARB's capitalization from more than $1 billion to $2.9 billion at the present time. The reason the price of ARB dropped sharply is due to the dilution of the token in the market. In the near future, you will see ARB's price below 1$ because of the following two simple things. 1. The market is very bad and BTC has had a strong increase in price throughout 2023 and early 2024, it's time to adjust, in addition to a series of important events this April, in a few days#Bitcoinwill Halving and#CZare about to appear in court. 2. Arb will be unblocked monthly with the number of inflation tokens coming out of the market is 92.63 million $ARB out of the market from now until March 2027. Considering such factors, you need to consider ARB's price range in the near future to make long-term investment choices. The#ARBprice range is expected to be 0.5 - 0.7, which will be an option to hold in the long term.
Whatâs Next for Ethereum NFT Game âParallelâ and Solana's âColonyâ After $35 Million Raise
Parallel Studios just revealed a $35 million raise after launching the card battler in open beta. Here's how it will use the funding.
Parallel Studios, the startup behind Ethereum NFT card-battler Parallel, announced late Wednesday that it has raised $35 million in fresh funding from a bevy of major firms around the crypto world and numerous well-known angel investors.
The fundraise comes just weeks after Parallel opened up to the public in a free-to-play beta. A studio representative said that Parallel Studios aims to âstart onboarding a ton more usersâ by expanding its recent Parallel Ambassadors program and working more with influencers broadly, as well as through paid advertising in various markets worldwide.
- Ethereum led NFT trading volume with $11.45 million in volume on the day ; Bitcoin was next with $10.25 million (-10%) and then Solana with $7.5 million (+3%)
- ETH NFT leaders were red yesterday; Pudgy -1.78% to 12.90 ETH and BAYC -3.75% to 12.75 , and Azuki -6.5% to 4.91 ETH.Â
- Runestone led trading of Bitcoin Ordinals, tallying 23.93 BTC in secondary volume. The floor held steady around 0.038 BTC.Â
- Mad Lads were the top mover on Solana, but down 6.5% to 139 SOL.Â
- KILLABEARSÂ announced staking of its KILLACUBSÂ will begin on Solana on Friday.Â
- NBA Top Shot is immortalizing recent a dunk of the year candidate from Anthony Edwards as an expert challenge reward.Â
- RTFKT is postponing the incubation start for its Animus Eggs.Â
AnimeCoin Announces AnimeChain in Partnership with Azuki, Arbitrum
AnimeCoin announced AnimeChain, a new ecosystem for anime built with Arbitrum and Azuki, aiming to enhance fan engagement and creator empowerment.
The Deets
- Ecosystem Vision:Â Empower anime creators and fans by moving the global anime network onchain.
- Collaboration Strength:Â Built in partnership with Arbitrum for low-cost, high-speed blockchain infrastructure and Azuki as the premier launch partner.
- Industry Impact:Â Aiming to transform fan engagement and offer shared ecosystem benefits.
- Launch Anticipation:Â Details on the launch and additional partnerships to be revealed soon.
The Bulk
Anime has become a global phenomenon, touching every corner of pop culture and showing no signs of slowing down. With a projected market value of $60 billion by 2030, the demand for anime content and merchandise is trending in the right direction and that's lead AnimeCoin to the introduction of AnimeChain.Â
Developed in collaboration with Arbitrum and Azuki, AnimeChain represents a bold step towards creating a decentralized ecosystem for anime. Arbitrum's involvement cements a foundation built on speed and efficiency, leveraging its Layer 2 technology to ensure that AnimeChain operates with appropriate speed and low-costs.Â
Azuki's will fill as the inaugural launch partner. As the premier anime NFT collection, Azuki's commitment to AnimeChain underscores the project's committment to its IP and roots.
By bringing anime productions, games, and physical products onto the blockchain, Azuki might be creating the precdent for how top-tier anime IPs can thrive in a decentralized environment.
Analysts at asset management company JPMorgan have published a new report on the future of Bitcoin prices. Here are the details.
JPMorgan has issued a warning that Bitcoin (BTC) could face further declines. This warning comes after a recent correction.
In a note published today, a team of analysts led by Nikolaos Panigirtzoglou noted that Bitcoin remains in âoverbought territory.â
According to the report, this conclusion is based on two key metrics: JPMorganâs futures position proxies and the difference in Bitcoin futures prices compared to spot prices. Both indicators show that Bitcoin is still overbought.
The market is optimistic that Bitcoin price will increase by the end of this year. This optimism is driven by expectations that demand will continue through spot ETFs, in addition to a decrease in Bitcoin supply following the halving.
âIn fact, as we get closer to the halving, it is likely that profit-taking will continue, especially given that positions still look overbought regardless,â the analysts said. correction last weekâ.
Last week, JPMorgan analysts predicted that Bitcoin price would drop to around $42,000 after the halving event.
Potential analysis and price prediction of ETHFI - Launchpool 49th on Binance Exciting trading activities: Pool ETHFI/USDT on Pancakeswap v2 recorded a price of 0.00000002416 USD, 24h volume reached 2,119,057.79 USD. The highest price in 24 hours is 0.06058 USD, showing great interest from the community. Leading the restaking trend: Ether.Fi is the largest liquid-restaking protocol with a TVL of 2.463 billion USD, much higher than its competitors. The platform is holding around 515k ETH, showing the level of trust among its users. TVL has grown strongly since the beginning of 2024, especially skyrocketing after the announcement from Binance. Price prediction: Twitter account CryptoBlockDev predicts the ETHFI listing price at around $3 USD based on data from recent launchpools. Initial market capitalization hovered around $350 million. Initial supply equivalent to AEVO (~117M tokens) Motivating factors: Ether.Fi works closely with EigenLayer, opening up strong growth potential in the Ethereum ecosystem. The staking trend is attracting community attention, giving Ether.Fi an advantage.
Learn about the 49th Launchpool project Etherfi on Binance, its potential and price prediction
This section looks a bit more attractive to DeFi than NFT games.
In a move that signals continued innovation in the DeFi sector recently, Binance announced the 49th project on its Launchpool platform: http://ether.fi (ETHFI) (raised over $32M)
Everyone can register a new account and join the Etherfi farm: https://accounts.binance.com/en/register?ref=LGR58JH9 What is ETHEFI?
# How big is the potential of the ETHfi project in terms of staking?
49th project on Binance Launchpool â ether.fi (ETHFI). Built as a decentralized, non-custodial delegated staking protocol, ETHFI trading will begin on Binance starting March 18, 2024, at 12:00 (UTC).
For example:
- ETH holders want to earn more profits, they will bring ETH into liquid staking protocols to earn more profits (eg: Lido, Rocket, Yearn,...) => after staking in the above protocols, they will receive About LST token + interest: (LST token is like a debt paper representing the ETH I have staked into the protocol)
- Liquid restaking was born so that users can bring debt papers (LST tokens) into the Liquid restaking protocol and receive an additional debt paper called (LRT) + interest.
The initial LST amount you bring into the Liquid restaking protocol will be brought to the Restaking (EigenLayer) staking protocols for profit.
- LRTs received from Liquid staking protocols can participate in: Defi, provide liquidity, mortgage, borrow ETH and continue the loop as above. (APY will probably be quite high)
Detailed information about ETHFI on Launchpool: - Token name: ether.fi (ETHFI) - Total token supply: 1,000,000,000 ETHFI - Launchpool token reward: 20,000,000 ETHFI (2% of total maximum token supply) - Initial circulating supply: 115,200,000 ETHFI (11.52% of total maximum token supply) - Smart contract details: Ethereum - Staking terms: Compulsory completion of KYC process - Hourly Hard Cap per user: 16,666.66 ETHFI in BNB pool 4,166.66 ETHFI in FDUSD pool
Supported pools: âĄïžStake BNB: Reward is 16,000,000 ETHFI (80%) âĄïž Stake FDUSD: Reward is 4,000,000 ETHFI (20%)
Web3 Gaming is a category that receives a lot of attention in 2022, currently projects are being developed to launch in 2023 when the market has a good color.