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In a significant and unexpected move, 2.2 trillion SHIB coins were transferred from Robinhood to an unknown wallet. This major transaction attracted the attention of the SHIB community and the broader cryptocurrency market in conjunction with a 5% drop in its price.

Blockchain data reveals that a massive transfer occurred recently, representing one of the largest SHIB token transfers in recent times, and Whale Alert states that 2,200,000,000,000 SHIB tokens worth $39,945,400 were transferred from Robinhood to an unknown wallet.”

This transfer coincided with a notable 5% decline in the price of the SHIB digital currency. At the time of writing this article, the Shiba Inu had fallen by 4.79% over the past 24 hours to reach $0.00001779, reflecting the broader downturn in the digital currency market. However, there is no correlation. Direct link between conversion and lower prices, as withdrawals from the platform may indicate purchase intent.

Amidst this, the SHIB cryptocurrency community has been full of speculation trying to understand the reasons behind this large transfer. The whale may be moving the digital currencies to the cold wallet for security purposes, and it could also be a strategy to consolidate holdings before the market rebounds.

With a downward trend on the daily chart, FET coin price is forming a downward channel, breaching around the $1 mark.

This sudden V-shaped reversal in the AI ​​coin leads to a failed breakdown of the down channel.

The sudden 41% jump undercut last week's decline and reclaimed the 200-day moving average and $1.50 mark. Currently, FET price is trading at $1.6570 with an intraday gain of 9.99% forming another bullish candle.

According to the Fibonacci level, the uptrend is approaching the 50% Fibonacci level and the 50D Exponential Moving Average. A bullish breakout of this level could boost the AI ​​coin to cross the downward channel.

In such a case, the upside in FET coin price could reach a peak of $3.20, i.e. an almost 100% rise.

The price of the LISTA digital currency exploded on the Binance platform according to today's trading, June 20, 2024, recording an increase rate of 3615.50% during the past hour.

While the currency recorded a price of $0.0137 at its highest level, according to the CoinMarketCap website.

This huge rise in the price of the currency is due to the Binance platform announcing in a statement the listing of the LISTA currency according to new trading pairs

As of the moment of writing this article, the LISTA digital currency recorded a value of $0.7119, with investors optimistic that this rise will continue in the coming hours.

While the trading volume of the LISTA digital currency reached $3.91 million in the last 24 hours, the market value of the currency reached $162.22, according to information on the CoinMarketCap website.

The AGIX digital currency recorded an interesting increase in price on the Binance platform, as it rose by 27.54% during the past 24 hours.

While the currency recorded a price of $0.6909 at its highest level, according to the CoinMarketCap website.

As of the moment of writing this article, the AGIX digital currency recorded a value of $0.6678, with investors optimistic that this rise will continue in the coming hours.

While the trading volume of the AGIX digital currency reached $206.89 million in the last 24 hours, the market value of the currency reached $856.95, according to information on the CoinMarketCap website.

Reason for the rise in the currency price:
SingularityNET announced its sponsorship of the live broadcast on its YouTube channel of the 17th Annual Artificial General Intelligence Conference (AGI24), which will be held at the University of Washington in Seattle from August 13 to 16, 2024.

So that those who cannot attend in person can listen to the live broadcast.

The conference will bring together a global community of researchers and developers, including luminaries such as Ray Kurzweil, Bingo Ertzel, François Chollet, Gary Marcus, and Rachel St. Clair.

AGI24 will focus on the latest innovations towards smart machines in general.

LayerZero, a protocol for connecting different blockchain networks, has gained support from leading cryptocurrency exchanges.

Binance and Obbit announced LayerZero Listing (ZRO) which has officially started trading as of today, June 20th.

Binance, the world's largest cryptocurrency exchange, announced that it has launched LayerZero (ZRO) trading with the "seed" tag. The “seed” tag in question indicates that ZRO is an innovative project that can be very volatile and risky compared to other tokens listed.

Upbit joins other exchanges in listing ZRO
Korea's largest cryptocurrency exchange Upbit joins Bybit, Gate, HTX, Bitget, OKX, MEXC, KuCoin, Bithumb, and Binance in the LayerZero list. The ZRO token is gaining attention because it is already listed on several major exchanges.

Upbit will allow ZRO trading via KRW, BTC и USDT pairs and will only allow LayerZero token deposits and withdrawals via the Ethereum network.

After displaying a bearish price movement since the beginning of the month, the price of the AGIX cryptocurrency showed strong upward price movement this week with an increase of up to 24.55% in the past 24 hours.

Furthermore, the altcoin has risen by 35.02% over the past two days, highlighting the growing positive impact.

The SMA technical indicator displays a positive crossover in the 1D time frame, indicating increased buying and selling pressure for the AGIX cryptocurrency in the market.

On the other hand, the Relative Strength Index (RSI) recorded a sharp rise below the oversold range, highlighting the increasing bullish sentiment in the cryptocurrency space.

Moreover, the average is showing bullish convergence, which indicates that the price will continue to gain value this week.

If AI coins continue to enjoy a positive impact from the cryptocurrency market, the AGIX coin price will prepare to test its $1 high next time.

However, if investors start taking profits, AGIX price will fall towards the lower support level of $0.380.
$AGIX

Matthew Siegel, head of digital asset research at VanEck, recently discussed with Bankless the chances of Ethereum reaching the astronomical price of $154,000.

He stated that for this optimistic scenario to come true, Ethereum should cover large portions of various sectors; Smart contracts, advertising as well as IT infrastructure.

Siegel emphasized that in order to achieve such high prices, Ethereum would need to control 90% of value transfer through smart contracts, with significant shares in the advertising and IT sectors through open source blockchains.

Additionally, Siegel commented on the importance of global macroeconomic dynamics, especially the performance of emerging markets and the strength of the US dollar, in determining the fate of Ethereum.

Solana's NFT ecosystem reached a milestone last week that looked optimistic. While Solana's NFT ecosystem has boomed, the price of the network's base currency is still under bear control.

So what's going on with Solana?

Solana's latest achievements are NFTs
SolanaFloor, the popular X platform account for posting updates regarding the Solana ecosystem, recently posted a tweet highlighting an interesting development. The tweet stated that Solana's NFT trading volume in the past seven days has exceeded more than 100,000 US dollars.

AMBCrypto's look at CRYPTOSLAM data revealed that the number of NFT buyers on the blockchain increased by 125% last week.

Likewise, Solana's number of NFT sellers has also increased by more than 66% in the past seven days. DappRadar data revealed that MadLads was Solana's top NFT collection for the week.

Famous Fox and Stepn also made it to the top three on the same list.

However, it was surprising to note that despite the huge rise in the number of buyers and trading volume, Solana's NFT sales volume declined by more than 4%.

An analysis of Santiment data also revealed that the number of Solana NFTs traded declined last week.

MATIC coin, the base coin of the Polygon network, unexpectedly joined the altcoin rally, showing some bullish momentum and the price getting closer to the $1 resistance level.

The slight rise comes after the merger, indicating renewed investor interest and the potential for further gains.

MATIC has a relatively stable total number of addresses, which indicates that the rate of creation of new addresses is steady.
However, total balances showed a slight increase. This can be interpreted as an increase in network utilization or carrier accumulation, which are bullish signals.

However, the proportion of active addresses is decreasing, which indicates that while the number of addresses with balances is increasing, the proportion of active addresses is declining.

While large holders continue to generate significant volumes, there is also continued interest from smaller holders who are holding on to their stakes, perhaps betting on long-term growth.

This is typical of phases where cryptocurrencies show consolidation followed by gradual increases in price, indicating fundamental confidence in the coin's value proposition.

$ALGO

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The price of the AMB currency rose gradually according to today's trading, as it rose by 13.77% on the Binance digital platform during the past 24 hours, and the currency recorded a price of $0.01139 at its highest level, according to the CoinMarketCap website.

The currency also recorded a value of $0.01124 at the time of writing this article, amid investors’ optimism that this rise will continue in the coming hours.

The trading volume of the AMB digital currency reached $10.70 million in the last 24 hours, while the market value of the currency reached $33.86, according to information on the CoinMarketCap website.

Binance Coin ( BNB ) has risen to a record high above $707, and active trading volumes suggest the trend may continue. BNB is up from recent flat performance at around $580. BNB is now entering the price discovery zone, anticipating a journey to four-digit prices. TRON J> Binance and its ecosystem remain important in 2024 as the bull market revives DeFi and other use cases. As an underlying asset for trading pairs and liquidity pools, BNB has reflected new money flows and increased its value. Open interest in BNB has risen in the last 24 hours and has doubled since June 3. The importance of Binance as a centralized exchange and BSC as a decentralized platform means that BNB could signal a 2024 bull market extension. BNB has been the leader in past market rallies, outperforming other altcoins. The expansion in BNB prices has raised hopes of reaching four-digit prices as it enters the price discovery phase. BNB rose just one day after CEO Changpeng “CZ” Zhao effectively began his four-month prison sentence.

The price of the LQTY digital currency achieved a significant increase, with the value of the currency reaching $1,420, an increase of more than 17% on the Binance digital platform.
The price of the currency has currently reached $1.44, with the possibility of continuing to rise in the coming hours. The trading volume of the LQTY digital currency reached $60.25 million in the last 24 hours, while the market value of the currency reached $143,573,878, with an increase of 41.91%, according to the information provided. From the CoinMarketCap website.

After following the LQTY currency and its price during the past hours, the Arab Bitcoin Academy team searched for the reasons for this rise, by returning to the official LQTY platform accounts and searching for the latest news or updates that indicate the reason for the rise in the currency.

Read also: Is LQTY currency halal or haram?

The first version of the Liquity Network, being interest-free with a fixed cost rewards system, has proven to work reliably in low-interest environments and remains a viable option for borrowers in such scenarios, however in changing environments there is a need for a fully market-driven protocol – A self-healing protocol that can adapt to any market condition without the need for governance.

As the cryptocurrency market matures, savvy investors are looking for opportunities beyond mere speculation and hype.

Recently, crypto whales have shifted their focus from the FLOKI and BOME meme tokens to the ALGT functional token. This change shows that investors are more interested in projects with real use and long-term potential.

The rise of Algot, a functional token associated with the Algotech project, has caught the attention of investors who recognize the platform's innovative approach to algorithmic trading and its potential to revolutionize the investment landscape.

The DOGE digital currency is showing important signs of life as it is witnessing a huge increase in trading volume. According to analytical data, Dogecoin trading volume has increased by a staggering 47.62% during the past 24 hours to reach $1.32 billion. It seems that this sudden increase in activity sparks optimism in society. .

Currently, the DOGE digital currency is trading at $0.1607, which represents a slight decrease of 1.04% over the past 24 hours. However, despite this slight decrease, the DOGE digital currency has seen a healthy rise of 8.47% over the past 30 days. This indicates that the DOGE digital currency The meme is starting to gain momentum and market fundamentals indicate that this trend may continue.

Many technical indicators support the bullish outlook for the DOGE digital currency, as the relative strength index (RSI) for the DOGE currency stands at 50.94, which places it firmly in the buying zone. This level indicates that traders are optimistic about Dogecoin’s prospects and there is room for upward movement before it enters the overbought zone.