KLAY:

Klaytn is considering a substantial merger with Finschia, a well-known Japanese public blockchain company. The Klaytn Foundation and the Finschia Foundation have collaborated to submit a governance proposal aimed at launching a new mainnet.

This strategic integration involves sharing technology, services, and business networks between the foundations. In addition, the main goal of this merger is to leverage Klaytn's DeFi and gaming services and Finschia's foothold in NFT. Users will benefit from enhanced interoperability between the two chains, thereby establishing a broader presence in major Asian markets.

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Importantly, the proposed chain will be compatible with Ethereum (EVM) and Cosmos (CosmWasm). This development triggered an increase in demand for KLAY, resulting in an intraday gain of 2.74%. However, despite the current bearish sentiment on the Klaytn price prediction, the Fear and Greed Index indicates a positive market sentiment.

KLAY shows high liquidity based on its market cap and is actively traded on Binance. Notably, Klatyn has an annual supply inflation rate of 15.31%, resulting in 462.51 million KLAY being created last year. Klaytn's merger plan with Finschia highlights its strategic vision of integrating strengths and leveraging synergies. The token has the potential to perform well.

One Protocol(ONE)

In recent years, UMA’s price has surged by an impressive 80%+, pushing its market cap past $300 million. The project’s current focus is on a groundbreaking development called “Oval.” Uma Protocol, known for its oracles, has teased the “Oval” project.

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Uma stated that Oval is designed to protect DeFi lending protocols from potential minimum extractable value (MEV) attacks. Likewise, Uma’s co-founder highlighted the losses incurred by such attacks, sparking expectations for “Oval” as a highly anticipated solution. Additionally, investors speculated that “Oval” will actively incorporate UMA tokens into its mechanisms, potentially driving the value of $UMA.

Hence, traders are optimistic about UMA with a Greed Score of 56, indicating buying at higher levels. Nonetheless, the maximum amount of UMA in circulation in the market is 101.17 million, with about 6.24 million of them in circulation. On a positive note, UMA holds a solid 18th position in the DeFi token sector and 7th position in the Yield Farming sector. Additionally, it holds the 43rd position in the Ethereum (ERC20) token sector.

Furthermore, UMA’s price surged 206% last year, outperforming 85% of the top 100 coins. Moreover, it is above its 200-day moving average, indicating an overall uptrend. By extension, UMA has had green candles in 17 of the past 30 trading days. Apart from this, UMA is actively trading near its cycle highs, showing strong liquidity based on its market cap.

Rollbit(RLB)

Rollbit Coin has completed purchases and destructions for 23 consecutive weeks on the RLB dashboard. In the past week alone, the platform purchased and destroyed $12,581,515 of RLB, reducing the circulating supply by approximately 0.42%. Despite the pessimistic outlook for RLB, traders expect token destruction could spark a recovery.

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Hence, traders are closely watching the situation, anticipating that this deliberate deflationary move could lead to an economic recovery. This strategic reduction in supply aims to boost prices, providing attractive opportunities for investors. Moreover, the news sent Rollbit Coin to an intraday gain of 17.76% and into the green zone. RLB was priced at $0.134092, reflecting a market dominance of 0.03%.

Moreover, RLB’s performance over the past year has seen a record 981% price surge. This surge has put the token in over 97% of the top 100 crypto assets. Meanwhile, RLB is actively trading above its 200-day moving average. Likewise, it is near cycle highs, indicating strong and dynamic performance.