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Explain LayerZero.
One of the first cryptocurrency exchanges to announce ZRO's listing was KuCoin. Next came Binance, OKX, Bybit, and Upbit. A "monitoring tag" will be displayed on Binance for the LayerZero token. It is assigned to new assets by its platform, which are too risky.
At 12:00 UTC, spot trading for ZRO pairs will start.
Interactions between blockchains are the main focus of the crypto project LayerZero. For message transmission between networks, the protocol employs specialized oracle networks. With this, you can build apps that work across different chains.
$ZRO
One of the first cryptocurrency exchanges to announce ZRO's listing was KuCoin. Next came Binance, OKX, Bybit, and Upbit. A "monitoring tag" will be displayed on Binance for the LayerZero token. It is assigned to new assets by its platform, which are too risky.
At 12:00 UTC, spot trading for ZRO pairs will start.
Interactions between blockchains are the main focus of the crypto project LayerZero. For message transmission between networks, the protocol employs specialized oracle networks. With this, you can build apps that work across different chains.
$ZRO
Earlier this year in December, the LayerZero team announced their intentions to launch their own coin and hold an airdrop. One billion ZRO tokens will be available in total, say the developers. Here is how they will be handed out:
38% will go to the general public (developers and regular users), 32% to long-term strategic allies with a three-year commitment, and 25% to key players with the same blocking period;
4% — on coins that are redeemed and given to the community
$ZRO
38% will go to the general public (developers and regular users), 32% to long-term strategic allies with a three-year commitment, and 25% to key players with the same blocking period;
4% — on coins that are redeemed and given to the community
$ZRO
If investors continue to back Bitcoin Cash (BCH), its price might rise in the next trading sessions.
There are a number of on-chain indications that point to a potential price recovery for BCH. Metrics pertaining to the accumulation and hoarding of assets in particular show this.
$BCH
There are a number of on-chain indications that point to a potential price recovery for BCH. Metrics pertaining to the accumulation and hoarding of assets in particular show this.
$BCH
Given the way things are going with Axie Infinity (AXS), a more gloomy scenario where the asset keeps losing value is certainly within the realm of possibility.
If investors sell their Axie Infinity (AXS) shares too quickly to cut their losses, the stock could fall even faster.
Less than eleven percent of AXS holders are now profitable as a result of the cryptocurrency's declining price. This is due to the fact that the altcoin is under significant pressure from overall negative market conditions. In the eight months beginning in October 2023, this number was at its lowest.
If investors are in a hurry to offset their losses, a wave of selling can occur when market conditions are unfavorable. There will be more pressure on AXS to lower prices if this occurs.
$AXS
If investors sell their Axie Infinity (AXS) shares too quickly to cut their losses, the stock could fall even faster.
Less than eleven percent of AXS holders are now profitable as a result of the cryptocurrency's declining price. This is due to the fact that the altcoin is under significant pressure from overall negative market conditions. In the eight months beginning in October 2023, this number was at its lowest.
If investors are in a hurry to offset their losses, a wave of selling can occur when market conditions are unfavorable. There will be more pressure on AXS to lower prices if this occurs.
$AXS
On the cryptocurrency market, new projects pop up daily. The ARBUZ memcoin, which debuted in the TON ecosystem, is one of the most promising new cryptocurrencies.
The ARBUZ team, makers of the new "meme" coin that started with a joke about Russia's cut watermelon ban, were interviewed by the TON team. In light of the event, the asset's quotes increased by over 100%.
The ARBUZ team, makers of the new "meme" coin that started with a joke about Russia's cut watermelon ban, were interviewed by the TON team. In light of the event, the asset's quotes increased by over 100%.
As miners are actively selling off their reserves, the number of bitcoins stored in miners' wallets continues to decline, according to CryptoQuant data. Instead of using exchange platforms, most transactions happen on the over-the-counter (OTC) market. The reserves held by Bitcoin miners have hit a level not seen since 2021.
$BTC
$BTC
It wasn't long ago that most people thought Dogecoin (DOGE) would hit $1. Optimism surrounding this prediction was severely damaged, regrettably.
As the market as a whole fell on June 17, the memecoin Dogecoin (DOGE) lost nearly 10% of its value in the previous day. This also had an effect on traders who had open contracts.
Traders' strategies are shifted due to significant losses.
Between June 17 and June 18, DOGE liquidations totaled $60.27 million, according to Coinglass. On Monday, it hit $44.21 million, and as of this writing, it has reached $16.06 million.
When a trader's position is forcibly closed by the exchange to avoid additional losses, this is called a liquidation. The majority of these positions were quite lengthy, which is quite characteristic. A total of $59.84 million has been liquidated from long Dogecoin positions, while $633,910 has been liquidated from short ones. Following the surrender, traders keep putting bearish bets ahead of bullish ones.
$DOGE
As the market as a whole fell on June 17, the memecoin Dogecoin (DOGE) lost nearly 10% of its value in the previous day. This also had an effect on traders who had open contracts.
Traders' strategies are shifted due to significant losses.
Between June 17 and June 18, DOGE liquidations totaled $60.27 million, according to Coinglass. On Monday, it hit $44.21 million, and as of this writing, it has reached $16.06 million.
When a trader's position is forcibly closed by the exchange to avoid additional losses, this is called a liquidation. The majority of these positions were quite lengthy, which is quite characteristic. A total of $59.84 million has been liquidated from long Dogecoin positions, while $633,910 has been liquidated from short ones. Following the surrender, traders keep putting bearish bets ahead of bullish ones.
$DOGE
Cardano (+4.31%) and XRP (+3.11%) had the best daily and weekly results among the top 10 most capitalized cryptocurrencies, respectively. Toncoin showed the biggest loss over the past 24 hours, falling by 3.52%. When compared to other cryptocurrencies, Dogecoin's price decline of -8.78% over the past seven days was the most dramatic.
$ADA $XRP
$ADA $XRP
Notcoin (NOT) developer Sasha Plotvinov has doubts about clickers' long-term viability.
Plotvinov stated in an interview with The Block that the creators of Notcoin are looking to abandon the "slipper" idea in favor of a more long-term viable model.
The creator of Notcoin used Catizen, a fairly popular game on Telegram, as an example of an application with a sustainable model. With over 50% of players opting to purchase in-game features, the game has already generated over $1 million in profit.
Creating a fully decentralized ecosystem for Notcoin is, according to Plotvinov, the project's top priority for the coming four years. Building efficient and robust subsystems is the goal of developers.
$NOT
Plotvinov stated in an interview with The Block that the creators of Notcoin are looking to abandon the "slipper" idea in favor of a more long-term viable model.
The creator of Notcoin used Catizen, a fairly popular game on Telegram, as an example of an application with a sustainable model. With over 50% of players opting to purchase in-game features, the game has already generated over $1 million in profit.
Creating a fully decentralized ecosystem for Notcoin is, according to Plotvinov, the project's top priority for the coming four years. Building efficient and robust subsystems is the goal of developers.
$NOT
Following a record high of $0.00035 on the daily technical chart, Floki Inu is exhibiting considerable volatility. Several important technical factors caused the price to fall 54% from June 5 to the current day.
A crucial support level during the rally towards $0.00035 was the dark red Ichimoku cloud baseline. But the price dropped below this line on June 7, indicating a shift in market sentiment. This set the stage for a precipitous fall.
On the daily chart, the 200-day exponential moving average (green) provides significant support, and the price is currently testing it. The 200 EMA has been a significant long-term indicator for a long time. If it is broken, the price might drop even lower, maybe to $0.00015, as volatility rises.
$FLOKI
A crucial support level during the rally towards $0.00035 was the dark red Ichimoku cloud baseline. But the price dropped below this line on June 7, indicating a shift in market sentiment. This set the stage for a precipitous fall.
On the daily chart, the 200-day exponential moving average (green) provides significant support, and the price is currently testing it. The 200 EMA has been a significant long-term indicator for a long time. If it is broken, the price might drop even lower, maybe to $0.00015, as volatility rises.
$FLOKI
Since the US Securities and Exchange Commission (SEC) has been extremely accommodating to Ethereum, the XRP community is fuming. Some in the cryptocurrency community are even demanding fresh legal action.
After the SEC decided to drop a lawsuit challenging Ethereum's status, the industry started to get heated. This occurred not long after the Ethereum spot ETF was approved. The parallels to Ripple's current litigation with the Commission were evident the moment this was announced.
According to him, the SEC's decision to grant Ethereum a "second chance" almost six years after Hinman's speech elucidated Ethereum's status is "symbolic of the SEC's inconsistent approach to crypto regulation."
While Ethereum was free of any financial burden, Ripple was compelled to spend over $100 million over the last three years to settle disputes with the SEC, according to Bill Morgan.
$XRP
After the SEC decided to drop a lawsuit challenging Ethereum's status, the industry started to get heated. This occurred not long after the Ethereum spot ETF was approved. The parallels to Ripple's current litigation with the Commission were evident the moment this was announced.
According to him, the SEC's decision to grant Ethereum a "second chance" almost six years after Hinman's speech elucidated Ethereum's status is "symbolic of the SEC's inconsistent approach to crypto regulation."
While Ethereum was free of any financial burden, Ripple was compelled to spend over $100 million over the last three years to settle disputes with the SEC, according to Bill Morgan.
$XRP
Michael van de Poppe, CEO and founder of MN Trading, thinks the altcoin market is about to enter its last phase of collapse.
An analyst said a month ago that he bet it all on alternative cryptocurrencies. He now acknowledges that, with their bleeding beginning, it was one of the most difficult decisions he has made in recent years concerning his cryptocurrency investments.
I am worried. Not at all. If you ask van de Poppe, "Why?" he will explain.
Problem is, he's done this all before; it's not novel. In a similar vein, the trader prematurely bet big on altcoins in the previous cycle. So, what came out of it? In the end, substantial expansion.
$ADA $ETH $LTC
An analyst said a month ago that he bet it all on alternative cryptocurrencies. He now acknowledges that, with their bleeding beginning, it was one of the most difficult decisions he has made in recent years concerning his cryptocurrency investments.
I am worried. Not at all. If you ask van de Poppe, "Why?" he will explain.
Problem is, he's done this all before; it's not novel. In a similar vein, the trader prematurely bet big on altcoins in the previous cycle. So, what came out of it? In the end, substantial expansion.
$ADA $ETH $LTC
The chief executive officer of Binance, the biggest cryptocurrency exchange, Richard Teng, recently told Bankless that he believes the first cryptocurrency's price will rise above $80,000 before the year ends.
An improvement in the macroeconomic environment will make next year a better one for digital assets than this one, according to the top manager.
According to Teng, the cryptocurrency market will receive more liquidity thanks to the Bitcoin ETF's approval and other similar funds based on Ethereum, which will help the bull phase progress.
$BTC $ETH
An improvement in the macroeconomic environment will make next year a better one for digital assets than this one, according to the top manager.
According to Teng, the cryptocurrency market will receive more liquidity thanks to the Bitcoin ETF's approval and other similar funds based on Ethereum, which will help the bull phase progress.
$BTC $ETH
The asset's value plummeted as investors dumped BONK.
A further decline in memcoin value could result from heightened investor scepticism caused by mounting selling pressure on BONK.
After plunging 40% in two weeks, the BONK price has been in a downturn for the last 18 days as a result of a lack of recovery momentum. This is supported by the Chaikin Money Flow (CMF) indicator. This metric tracks the inflow and outflow of funds into and from an asset using the blockchain. Market participants rely on it to gauge the trajectory and intensity of a trend.
$BONK
A further decline in memcoin value could result from heightened investor scepticism caused by mounting selling pressure on BONK.
After plunging 40% in two weeks, the BONK price has been in a downturn for the last 18 days as a result of a lack of recovery momentum. This is supported by the Chaikin Money Flow (CMF) indicator. This metric tracks the inflow and outflow of funds into and from an asset using the blockchain. Market participants rely on it to gauge the trajectory and intensity of a trend.
$BONK
In order to build a more long-term model, the Notcoin team behind the Web3 gaming project wants to ditch the clicker concept. The Block was informed about this by Alexander Plotvinov, the game's creator.
He claims that "tapalki" will not be popular with users in the long run and will not bring in any money.
$NOT
He claims that "tapalki" will not be popular with users in the long run and will not bring in any money.
$NOT
The fact that the price of Bitcoin has a negative correlation with miner reserves is another important sign.
As shown in the figure above, miners' reserves tend to decrease as the price of Bitcoin increases, and vice versa. As Bitcoin hit a record high of $74,000, miners sold their holdings in large quantities to cash in on the price spike.
The reserves held by Bitcoin miners have been progressively decreasing since the April halving. Reason being, miners have been selling off part of their Bitcoin holdings to cover expenses as mining has become less lucrative due to the decrease in block rewards.
$BTC
As shown in the figure above, miners' reserves tend to decrease as the price of Bitcoin increases, and vice versa. As Bitcoin hit a record high of $74,000, miners sold their holdings in large quantities to cash in on the price spike.
The reserves held by Bitcoin miners have been progressively decreasing since the April halving. Reason being, miners have been selling off part of their Bitcoin holdings to cover expenses as mining has become less lucrative due to the decrease in block rewards.
$BTC
Sellers are keeping the pressure on the Bitcoin rate. On June 18, the price of Bitcoin dropped to $64.6 thousand, marking the first time the first cryptocurrency had fallen to a monthly low. Prices of several alternative cryptocurrencies have dropped by tens of percent since June 1st.
According to Bitfinex analysts, the sales of Bitcoin were started by large investors, also known as "whales," and long-term holders (LTHs), who have Bitcoin in their portfolio for more than 155 days. There were sales conducted on cryptocurrency exchanges as well as through OTC transactions.
$BTC
According to Bitfinex analysts, the sales of Bitcoin were started by large investors, also known as "whales," and long-term holders (LTHs), who have Bitcoin in their portfolio for more than 155 days. There were sales conducted on cryptocurrency exchanges as well as through OTC transactions.
$BTC
