Investors Support Polygon for Potential Recovery !!

#BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #altcoins #BTC Polygon price could make a comeback with the support of its investors. This view suggests that the selling pressure in the broader market seems to be cooling, which could help the asset recover. MATIC price has been in a downtrend since the beginning of March and has not yet ended. However, considering that broader market signals are turning positive, the situation could change as the altcoin watches for potential recovery.

These developments can be seen in the Relative Strength Index (RSI), which is a momentum indicator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in a market. The RSI level ranges from 0 to 100; levels above 70 indicate overbought conditions, while levels below 30 indicate oversold conditions.

For MATIC, the RSI level is currently in the bearish zone but has not yet reached the oversold zone. This indicates that market sentiment is still negative.the Market Value to Realized Value MVRV ratio also indicates improvement. The MVRV ratio evaluates an investor’s profit and loss. Currently, Polygon’s 30-day MVRV data is at -15%, indicating losses that could lead to buying pressure. Historically, MATIC MVRV between -10% and -20% usually signals the start of rallies, marking an accumulation opportunity zone.

MATIC price below $0.60 has witnessed a significant drop in the last few days. The native token of the Polygon network not only fell below the consolidation zone but also saw its lowest level in eight months. Considering the next critical support base is at $0.53, MATIC is already trading at $0.57.

A rebound or continuation of recovery from this support could push the altcoin price back into the $0.75 to $0.64 consolidation range. However, if the MATIC price falls below the support, it could drop below $0.50, invalidating the bullish thesis. This could make the bullish scenario much more challenging for the crypto asset

zkSync Price Prediction: ZK Surges 9%, But Analysts Say Consider This New AI Meme Coin For Potential 100X Gains !!#BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #altcoins #BTC The zkSync price surged 9% in the last 24 hours to trade at $0.2230 as of 01:09 a.m. EST on trading volume that plunged 37% to $746 million.

This comes despite the project continuing to face criticism for failing to implement anti-sybil measures for its airdrop. Failing to implement such measures led to some dubious actors using multiple wallets to claim the tokens, analysts said.
After its launch, the zkSync price dropped as over 41% of wallets dumped almost all of their tokens.
However, the token retraced further, forming a double-bottom pattern. The pattern then allowed the bulls to stage a markup phase to the $0.2369 resistance zone, according to data from GeckoTerminal.

However, the bulls have not been able to reclaim this high, with the token dropping within a falling channel, forming what resembles a bullish pennant pattern. The zkSync price is still bullish, with the token still trading well above the 50-day Simple Moving Average (SMA).Moreover, the Relative Strength Index (RSI) is also rebounding as it aims to soar over the 50-midline level, currently trading at 49. If the bulls sustain the bullish stance over the bullish pennant pattern, the RSI could soar as it hurtles toward the 70-overbought region.

The general price of zkSync analysis on the 15-minute chart shows a bullish bias, as the bulls aim to push the token toward the upper boundary of the pennant, as they aim at pushing the token toward the $0.2369 resistance level.

However, if the ZK price bears exert more pressure at this level, the bulls may retreat to the support zone around $0.2161, which coincides with the 50-day SMA.Meanwhile, as the ZK bulls aim to push the price to a bullish rally, other investors are pivoting to an AI meme coin called WienerAI (WAI), a new dog-themed token that merges two of the hottest niches in crypto right now: AI and meme coins.

Dogecoin and Bonk Maintain Over 200X All-Time Price Surge: This New Coin is Set to Join the List!!
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The meme coin culture is surprisingly gaining more attention by the day, and it appears it will be going no where any time soon. Notably, six years after launch, Dogecoin achieved the 100X meme coin status after its price surged from an initial price of $0.0001 to $0.003 in 2019, and subsequently reached an all-time high of $0.73 in 2021.
Dogecoin (DOGE) has done exceptionally well for a memecoin ever since it debuted in the crypto market in 2013. While it currently trades 80% below its all-time high of $0.73, DOGE price still boasts of an all-time increase of over 25,390% which makes it arguably one of the best crypto ventures especially for early buyers.

despite recent setbacks, the native DOGE token has managed to maintain its leading position as the largest meme coin by market cap. As such, several crypto analysts including Visionpaused, and Kelvin Capital are optimistic about the potential for the legacy meme coin to surge any moment soon.

Joining the 200X meme coin list in 2013, Bonk (BONK) Coin has grown in popularity and has climbed up the ranks to become the sixth largest meme coins with a market cap of over $1.7 billion. While the rapid growth isn’t stopping anytime soon, Bonk coin has been working on multiple partnerships especially in the global sport arena.

Just in April, Paris Musketeers football team announced an Innovative partnership with BONK, which further drew more attention to the Solana-based meme coin. While Bonk avatar has also been spotted in a series of sport competitions, market analysts believe that the crypto project could turn out to become one of the most established meme coins in the market.
BONK token also boasts an all-time price increase of over 23,500%. And even despite the recent market downturn, BONK coin still managed to register a substantial 10% plus increase in the past month, earning it a solid spot among the best crypto coins to buy in the market now

Bonk Price Prediction as BONK Drops 10% in 24 Hours – What’s Going On?
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Today, the BONK price experienced a major pullback as the broader market crash continued, with major meme coins down by 10-15%. Despite this, there are signs that BONK has stabilized.

The BONK price has decreased 9.78% over the past 24 hours, bringing it down to $0.000021.
In the pullback, BONK has posted a weekly loss of 19.47%, following the trend of major cryptos like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), which have also retraced.Although BONK has fallen by 22.58% this month, it has still achieved an impressive return of 6,735.08% this year, far surpassing that of other leading cryptocurrencies.
The meme coin’s 24-hour trading volume surged 71.37% to $274.11 million, suggesting a massive movement among traders, possibly in response to the retracement.BONK plummeted decisively below the $0.00002243 support level within hours of a successful retest. The support failed to hold, indicating increased selling pressure and a possible downward trend continuation.

After flirting with the 0.00001992 support level at the hour’s high point, however, Bonk managed to close above it. This suggests that the downward momentum has been weakened and potentially stabilized.This is supported by BONK’s relative strength index (RSI), which has risen from 10 to 35 in the past 24 hours. The relieved increase suggests that BONK has moved away from oversold territory and improved to a more neutral position.

Most importantly, BONK’s 30-day moving average is trending downward, positioned below the 200-day moving average, which is also declining.
Hence, the current stability might not provide a strong enough foundation for a rebound, potentially signaling further retracements ahead.
Given that BONK has no real fundamentals of its own, it often rides wider market waves. Therefore, the crash is likely credited to the overall negative market sentiment following the US Federal Reserve’s hawkish stance on inflation.

ZkSync Price Forecast As ZK Launches Amid Crash: Is $1 Still Possible?
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ZkSync price forecast: ZK, a Layer-2 protocol designed to scale Ethereum, has experienced a significant price decline following a market correction. The price of zkSync sank more than 16% over the past day, trading at $0.2207 as of the US session on Tuesday. the cryptocurrency saw its market capitalization drop slightly to $814.47 million, making it the 79th largest by market cap. The 24-hour trading volume for zkSync soared by 1232% to $1.29 billion, reflecting heightened activity amid the price drop.

Over the past week, the price of zkSync has decreased by approximately 23%, fluctuating its trading range between a low of $0.19 and a high of $0.3. This decline is part of a broader trend that has affected zkSync prices over the last 30 days, with a dip of 22%.

As of Tuesday, 18th June 2024, the overall cryptocurrency market saw a slight decrease of 1.37%, bringing the market cap to $2.37 trillion. Conversely, trading volume surged by 98%, totaling $96.47 billion. ZkSync’s ZK token emerged as the day’s most trending and biggest declining crypto.

On June 11, ZK Nation heralded the imminent distribution of over 3.6 billion ZK tokens, set to be available to nearly 695,000 qualified addresses starting Monday. This announcement initially stirred investor dissatisfaction, casting a shadow over the token’s launch.

With the current bearish trend in ZK price intensifying, the cryptocurrency might soon touch the support level of $0.21. If the decline persists, zkSync’s valuation could decrease to $0.2, indicating a pivotal shift in market sentiment. Further pressure from sellers might push the price down to the $0.1 mark in the short term

Conversely, a resurgence in bullish momentum could propel zkSync back to the $0.25 mark. If buyers continue to dominate, ZK price could surge past $0.4 and reach $0.5 during the next bullish wave. Such movements underscore the high volatility and dynamic conditions of the zkSync market

Pepe Price Prediction: PEPE Plummets 11% As Experts Say Consider This P2E Dogecoin Derivative For 10X Gains!!#altcoins #BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #bitcoin
The Pepe price plunged more than 11% over the past 24 hours to trade at $0.00001055 as of 12:00 a.m. EST as investors dump their holdings in the meme coin.The PEPE price is down over 9% on the weekly timeframe, but remains in the green over a month with a 4% gain.The Pepe price is approaching the key support at $0.00000941. Should it break below this technical crutch in the next 24 hours, it could be exposed to the risk of dropping further in the short term. In this scenario, PEPE might drop to as low as $0.00000738.

On the other hand, this bearish thesis could be invalidated if the meme coin is able to maintain a position above the $0.00000941 support for the next 24 hours. Traders might also look to enter into a long position for PEPE if the crypto does not breach this support.

The potential buy volume could then push the Pepe price to the next major resistance level at $0.00001282 in the following couple of days. In an extremely bullish scenario, PEPE might soar to the $0.00001497 threshold.

Technical indicators on PEPE’s 4-hour chart suggest the meme coin’s price might drop in the next 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bearish signs.

Over the past 24 hours, the RSI fell below 50. This suggests that sellers have gained the upper hand against buyers, and the prior might look to pull the Pepe price down in the short term as a result. What’s more, the RSI is negatively sloped, which could be a sign of bears growing stronger.

Should these technical flags be validated, the Pepe price might lose the $0.00000941 support and potentially fall to the subsequent mark at $0.00000738.With PEPE at risk of potentially dropping even more in the next 24 hours, investors might seek shelter from market turbulence in presale meme coins that are not yet tradable on the open market.

End Of The Road For FLOKI? Analyst Predicts 80% Crash For The Shiba Inu Competitor !!
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Shiba Inu competitor FLOKI has been one of the best performers this year and continues to maintain a high level in the market. Its price has more than doubled in 2024, prompting an influx of new investments into the meme coin. However, as investors throw money at FLOKI, one analyst expects this increase to be short-lived, predicting a massive price crash for the altcoin.

Crypto analyst iMoneyTeam has predicted a dump for the FLOKI price that could erase all of the meme coin’s gains from the last few months. The analysis, which was posted on the TradingView platform, tracks the movement of FLOKI over the last few months in a bid to predict where the price is headed next. As the crypto analyst explains, the price has reached a “bearish iCH” in the internal structure, which has created “an internal pullback,” depicted on the chart below.

This is evident in the price pullback that has rocked the meme coin in the month of June so far. However, where a recovery is usually expected for an asset in this situation and a continuation of the rally, the crypto analyst believes that it is a setup for further pullback.

For now though, the analyst identifies that there is still a lot of bullish pressure on the meme coin. This comes even as its price has broken a trend line, which would usually be bearish. But in this case, the bullish pressure could help the price hold its position. From here, there could be a recovery in price toward new all-time highs. However, after this is when the real problem begins for the cryptocurrency.

Going by iMoneyTeam’s prediction, before the FLOKI price will crash, there will be an increase in price. The chart shows a recovery to as high a $0.00044, which is an almost 60% increase in the meme coin’s price at the time of this writing. However, following this, the crypto analyst expects the Shiba Inu competitor to hit a supply zone, which will begin its decline.

Solana slumps to 45-day low — Will SOL price bounce at $130?
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Despite a brief rally to $151 on June 16, Solana’s native token SOL (SOL) has experienced a 24% correction since June 7. It has underperformed against the total cryptocurrency market capitalization that’s down 14% over the same period.

Several indicators, including Solana Network’s on-chain activity and demand for leveraged positions, indicate that SOL's bearish momentum is likely to continue. If demand remains stagnant, this could lead to a retest of the $130 level or lower.
Part of the reduced interest in cryptocurrencies can be attributed to the strong performance of the S&P 500 index, which reached an all-time high on June 17.

Stock market gains have been driven by tech stocks, and recent employment and consumer data suggest positive second-quarter earnings reports. Investors are pricing in a two-thirds chance that the U.S. central bank will begin cutting interest rates by September.
Despite the cryptocurrency market's higher potential, investors are concerned that the U.S. economy may not sustain its growth for much longer, given the high interest rates. This risk is particularly burdensome for altcoins like SOL, as Bitcoin (BTC) and Ether (ETH) have preferential access to institutional money through exchange-traded funds (ETFs).
Even if the crypto market experiences a rally in the coming months, the competition for smart contract-focused blockchains will be fierce. Multiple apps running on the Solana Network offer asset bridges to other blockchains that also compete by yield, airdrops, liquidity, and token launches.

Solana's native staking reward rate is only 1.3% above the SOL token inflation rate. In contrast, Ethereum offers a 2.8% effective reward rate due to its burn mechanism, which results in a mere 0.4% annualized inflation, according to StakingRewards. This directly impacts Solana’s total value locked (TVL), which has stagnated below $30 million since May.

Polygon (MATIC) Faces Major Hurdle at $0.75 Amid Prevailing Bearish Market !!
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Polygon (MATIC) is currently navigating through a challenging period as it faces strong resistance and bearish sentiment, hampering its efforts to break higher price levels. Over the last 30 days, MATIC’s price has been unable to sustain above $0.75, resulting in a decline to $0.59 at press time.
MATIC’s attempts to breach resistance levels between $0.66 and $0.75 have consistently been thwarted by bearish pressure. Each rally met sharp reversals, signaling strong resistance from sellers at these higher price points.Despite the bearish outlook, MATIC has established clear support around $0.57 and $0.61. These levels have historically seen buyer activity, preventing further declines. However, the price remains below all three major moving averages, reinforcing the bearish sentiment in the market

MATIC’s derivatives trading volume has seen a significant decline of 53.14%, reflecting reduced activity in the market. This decrease in volume could be indicative of waning interest from traders and investors during this period of uncertainty.

On Binance, the long/short ratio for MATIC/USDT stands at 3.8852, suggesting that a larger number of traders hold long positions compared to short positions. This ratio indicates a belief among many traders in MATIC’s potential for long-term gains despite the current bearish conditions

On the positive side, on-chain metrics show promising signs for MATIC. Network growth has increased significantly, indicating a growing number of new addresses accumulating interest in MATIC. This rise suggests that new users are willing to buy MATIC at the current reduced prices

Additionally, the velocity of MATIC trading has grown, reflecting an uptick in the frequency of trades. Despite this positive on-chain activity, larger addresses holding more than 10,000 MATIC tokens have been selling their holdings. The recent growth in MATIC’s price has been driven primarily by retail interest

The listing of the crypto ZK begins: the community of the layer-2 ZKsync celebrates !!
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Everything is ready for the listing on the major crypto exchanges of the new governance token of the layer-2 ZKsync Era, which will debut with the ticker ZK.Several first-tier exchanges such as Bybit and Bitget have already announced the imminent launch with the green light for trading to be given as soon as the necessary liquidity conditions are met.

The crypto is being traded in premarket in a range between 0.3 – 0.4 dollars, but it could have a much more dynamic price action in the coming hours, with ZK potentially reaching even 1 dollar.

The airdrop farmers of the ZKsync ecosystem celebrate and take home one of the most profitable token launches ever. ZKsync token: here is the listing of the ZK crypto on all major exchanges

The famous rollup layer-2 of Ethereum ZKsync Era is about to launch its new governance token ZK through a scheduled listing with the best exchanges in the cryptographic landscape.

After the controversial announcement of the airdrop last week, now everything is ready for the inauguration of the long-awaited crypto of ZKsync, which is expected to compete with the top 50 cryptocurrencies in the market.

This morning came the announcement of the listing of Binance, which despite the complaints from the community after the announcement of the checker for the airdrop, has decided to support the project.
The cryptographic platform Gate.io has also confirmed the listing, with the trading pair ZK-USDT that will kick off at 10:00 AM Italian time. ZK can be traded on the Chinese exchange only through the stablecoin USDT.

Memecoins Poised for 2024 Gains: Which Will 100X Your Capital This Summer ?
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Memecoins have caught significant attention in 2024. Many investors are eyeing these coins for their potential to yield huge returns. The allure of a 100X profit this summer is drawing interest. Veteran traders and newcomers alike are curious about which coins will perform best

CYBRO Presale: A One-in-a-Million DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest

Bonk (BONK) Price Overview: Impulsive Moves or Correction Ahead

Bonk (BONK) is currently trading in the range of $0.00002188 to $0.00002973. Over the past week, the price has dropped by 16.87%. Over the last month, there was a slight decrease of 2.59%. However, over six months, BONK saw a positive change of 25.36%. With an RSI of 31.80 and a stochastic value of 9.18, BONK is in a potential oversold region, suggesting a possible upcoming impulsive move

Shiba Inu (SHIB) Price Overview: Impulsive or Corrective

Shiba Inu (SHIB) is currently trading between $0.0000192 and $0.0000232. There has been a 14.35% drop in the last week and a 19.58% drop in the last month. Over the past six months, the coin has gained 98.81%. SHIB is in a corrective move, with the RSI at 29.922 and the MACD level at -0.000000161, indicating a bearish trend. The nearest resistance and support levels are at $0.0000254 and $0.0000174, respectively.

Conclusion

Memecoins like BONK, and SHIB are expected to show modest growth in the short term. However, CYBRO stands out with its innovative approach. It leverages the Blast blockchain's yield potential

HODL or Sell? 4 Solana Meme Coins For Tech Savvy Investors !!
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Investing in Solana meme coins has proven immensely profitable since the beginning of the year.

1. Solana Meme Coins – Book of Meme (BOME)

Book of Meme is a unique meme coin on the Solana blockchain, launched by crypto artist Darkfarms. It serves as a digital archive for memes, blending its playful nature with real-life tech solutions like Arweave and IPFS to achieve its goals. The developer has plans to expand to Bitcoin in the future, promising continued innovation in the realm of digital archiving.

2. Dogwifhat (WIF)

Dogwifhat is a meme coin on the Solana blockchain, featuring a dog rocking a distinctive beanie hat as its mascot. This meme coin achieved a significant milestone by surpassing the penny mark, soaring to an impressive high of $4.83. Early investors reaped extraordinary returns, witnessing a staggering 1574x increase from its all-time low of $0.00155 just six months ago.

WIF is currently trading at $2.45, a 2.7% decline in the past 24 hours. Despite this, it boasts a substantial market cap of $2.4 billion.

3. Bonk (BONK)

Bonk is one of the top crypto meme coin sensations of 2023. After coming on to the scene in December 2022, Bonk saw massive gains late in the following year, catapulting it into the billion-dollar market cap zone.
The current market cap of Bonk is $1.59 billion, with a price of $0.000024 at press time. Marketed as a meme coin for the people, Bonk developers airdropped 50% of the supply to the Solana community. BONK’s 24-hour trading volume is up 25%, signaling a recent spike in market activity.

4. Wen (WEN)

Wen is a pioneering meme coin on Solana launched by developers of Jupiter, the leading decentralized exchange on the network. The asset was launched as an experiment to see how the community would receive the upcoming JUP token and to also test out whether the project could sustain huge traffic.

Jupiter Co-Founder Lauds Memecoin Relevance Amid Criticisms, Here’s All !!
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Memecoins have faced significant criticism, with many industry observers calling this the strangest era in crypto history. Critics argue that although the technology is finally ready for large-scale use, the focus has shifted away from meaningful applications. They point out that this is almost the exact opposite of the situation in 2017 and 2021, where innovation and practical applications were more prevalent.

According to these critics, the current trend leans heavily towards cash grabs rather than leveraging the true potential of blockchain technology. They believe that by focusing on quick profits, the crypto space is missing out on developing more substantial and beneficial applications.

despite seeming trivial, play a crucial role in exploring the potential and pitfalls of user-generated money, which is a fundamental aspect of the entire crypto ecosystem. He elaborates that Jupiter has a dual approach to the crypto market. On one side, they aim to enhance the dynamics and ethos of the memecoin economy, fostering a more robust and innovative environment

which he believes is the true holy grail of finance and will make crypto genuinely useful. Meow emphasizes that technological progress is not linear but involves many twists and turns, and what may seem insignificant now could prove essential in the future. Investing in memecoins has proven to be highly profitable since the start of the year, despite the inherent risks. The market has seen instances of rug pulls and inefficient developers leading to losses for some investors. Nevertheless, certain memecoins on the Solana blockchain, such as BOME and WIF, have achieved remarkable success, with market caps exceeding $1 billion.

Dogwifhat (WIF) is one such memecoin that has shown significant price movement, currently trading at $2.45 with strong market support. Bonk (BONK) has also reached an impressive market cap of $1.59 billion and continues to trend upwards.

PEPE Price Prediction For June 2024: Can PEPE Bounce Back?
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Meme coins often draw significant attention due to their volatile nature and the strong community support behind them. One such coin is PEPE, which has been capturing the market’s interest with its recent price movements. As of June 2024, PEPE has managed a commendable monthly increase despite its latest performance over the past week.

As of now, PEPE is trading at $0.000011507830, reflecting a 24-hour performance of -4.32%. The meme coin has a market capitalization of $4.843 billion and a 24-hour trading volume of $661.548 million. Over the past week, PEPE has declined by 9.73%, but it shows a notable recovery with a 13.18% increase over the past month.

PEPE's recent price action indicates a bounce off a critical support level at $0.00001146. This support level is crucial as it has been tested multiple times, and holding above this level could signal a potential reversal. However, the investor sentiment and market conditions suggest caution.

PEPE Price Prediction For June 2024

Given the current market conditions and investor behavior, PEPE's price is at a pivotal point. If the price manages to hold above the $0.00001146 support level and investor sentiment improves, a short-term rally could push the price to the resistance level at $0.00001369. Breaking this resistance could further propel PEPE towards $0.00001600.

However, if selling pressure persists and the support at $0.00001146 fails to hold, PEPE could see a decline towards the $0.00001007 mark. This scenario would depend heavily on the broader market sentiment and the actions of profit-taking investors.

Key Support and Resistance Levels

Support Level: $0.00001146
Immediate Resistance Level: $0.00001369
Potential Target: $0.00001600

PEPE's price movement in the near term will be influenced by the balance between buying pressure at the critical support level and the potential for increased selling from profit-taking investors.

Worldcoin Price Prediction 2024 : How High Will WLD Go?
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In 2024,the WLD price can reach a maximum price value of $8.77 with the average value of $3.60
By 2027, the minimum WLD price might drop to $15.39, while its maximum can reach $18.19
The price of Worldcoin is expected to reach at a maximum level of $29.71 in 2030.
Worldcoin, a cryptocurrency that has recently shown a remarkable price surge, is capturing the attention of investors and enthusiasts alike. In the first week of May, Worldcoin’s token, WLD, saw a dramatic 22% increase in its value, positioning it as one of the top-performing altcoins in the market. This surge coincides with heightened activity around artificial intelligence (AI) advancements, particularly those involving OpenAI, hinting at a significant correlation between WLD’s market movements and developments in AI technology. The buzz is partly attributed to speculative reports about potential collaborations and new ventures that could integrate more AI tools into the cryptocurrency sphere.

Worldcoin Price Prediction June 2024

Based on Worldcoin’s price fluctuations at the beginning of 2024, the average WLD rate was $3.23 in June 2024. Its minimum and maximum prices can be expected at $3.20 and $3.49, respectively.

Worldcoin Price Prediction Potential Low Potential Average Potential High
Worldcoin Price Prediction June 2024 $3.20 $3.23 $3.49
Worldcoin Price Prediction 2024

The price of Worldcoin is predicted to reach a minimum level of $3.20 in 2024. The WLD price can reach a maximum level of $3.49, with an average price of $3.23 throughout 2024.

Worldcoin Price Prediction Potential Low Potential Average Potential High
Worldcoin Price Prediction June 2024 $3.20 $3.23 $3.49

Bonk Coin Faces 36% Drop Since May High on Solana Network !!
#BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #bitcoin #altcoins Solana-based BONK memecoin has come under intense bearish pressure since peaking at $0.000041 on May 28.As the coin trades within a descending channel, the Bonk coin faces a 36% drop if it breaks below key support.Bonk coin (BONK) was one of the best performers and highlighted tokens during the recent memecoin mania that saw such coins lead the bull market and reach all-time highs. Leading up to its all-time high of $0.000041 reached on May 28, the little-known cryptocurrency was one of the best-performing altcoins. Solana’s SOL and its ecosystem-driven projects were largely dictating investor sentiments and guiding the bull market.

At the time, BONK was outperforming the more popular, established, reputable, and diverse rivals such as Shiba Inu (SHIB), and Dogecoin (DOGE).

However, its performance has been subdued. Its case is not isolated, with memecoins losing their appeal with investor appetite falling. Partly, this is due to renewed interest in Bitcoin, illustrated by inflows into Bitcoin spot ETFs. Additionally, the possibility of an Ether spot ETF launching soon has drawn investor attention to large-cap cryptocurrencies including Ethereum. But it is important to note that Solana is a leading candidate to have its ETF confirmed by the SEC but Ethereum, its rival, is leading the race.

At the time of writing, BONK is trading for $0.00002501 following a 2.6% surge in the last 24 hours. The altcoin has staged a rebound that sees it climb back above key support. On the weekly chart, BONK has lost 12%, painting a midterm bearish outlook.

With a $1.6 billion market cap, the 65th-ranked coin, Bonk is in a bearish phase, currently trading below its 20-day Exponential Moving Average (EMA). This indicates that recent prices are lower than the average price over the past 20 days.

BONK was one of the four memecoins highlighted on a Crypto News Flash report that warned investors of losses with a crash inbound.

PEPE Price Analysis: Can Pepe Reclaim Record Highs As Buy Signal Emerges?
#BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #altcoins #BTC PEPE Price Analysis: Pepe coin price received a boost over the weekend after SEC Chair hinted at a likely spot Ethereum ETF S-1s approval by the end of summer. PEPE price hovered around $0.0000118 during European business hours on Monday, a 1.4% increase in 24 hours. Following this revived boost in price, PEPE bulls may hijack the rally to push the price toward the previous all-time high.

PEPE price broke out of an ascending triangle on May 21 and established a new all-time high ATH price. However, as investors began to take profits, the price of PEPE began to retrace and went as low as $0.00001057.After nearly a month of downside movement, the PEPE price reached a critical resistance-turned-support level. These kinds of support structures are usually strong and can sustain the price up, all factors are constant. Pepe’s price is also in a falling wedge, which is a bullish market structure.

The current PEPE price level coincides with the 0.786 Fibonacci retracement level, which usually offers decent support for the price to bounce back. Moreover, the price retracing to the current level is part of a breakout and tests for the three-month ascending triangle Pepe broke out from.

If Pepe’s price breaks out to the upside of the falling wedge, the asset may surge back to its previous all-time high. Considering the 0.27 Fibonacci extension level, PEPE may rise 63% from its current price to hit a new ATH price of $0.00001948. On the flip side, $0.00001057 is expected to hold water

Historically, Pepe’s price has moved in tandem with Ethereum’s, and this time was no different. According to FOX Business journalist Eleanor Terret, Gary Gensler, Chair of the U.S. SEC, said that spot ETH ETF S-1s will likely be approved over the course of the summer.
According to Santiment, an on-chain analysis firm, PEPE holders are at an all-time high with the number of whale investors holding $100,000 – $1,000,000 worth of PEPE reducing

Solana Meme Coin Dogwifhat (WIF) Skyrockets 5% Amid Market Lull !!
#BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #BTC #bitcoin In a surprising move, Dogwifhat (WIF), a meme coin on the Solana blockchain, has surged by over 5% despite a general slowdown on the broader cryptocurrency market. This surprising rebound comes as a breath of fresh air as the market witnesses a period of stagnation.The cryptocurrency market is currently experiencing a lull, with many major assets showing little to no movement. Bitcoin and Ethereum, the market leaders, have held steady in their price, setting the tone for other cryptocurrencies. Market performance remains mixed, with a handful of cryptocurrencies posting losses in a 24-hour time frame.However, amid this market's lackluster action, Dogwifhat has managed to capture attention with its notable price increase.

WIF has been steadily climbing since hitting a low of $2.20 in Friday's market decline, which saw Bitcoin fall to its lowest price in nearly a month, prompting a flurry of crypto long position liquidations. At the time of writing, Dogwifhat was extending its rebound, up 5.16% in the last 24 hours to $2.53, having hit intraday highs of $2.55. If today closes in the green, WIF might mark its second consecutive day of gains. The Solana meme coin currently ranks as the 41st largest cryptocurrency with a market valuation of $2.52 billion.
Meme coins often experience volatility based on news and hype cycles; Dogwifhat's surprising rebound might have been aided by a recent memetic statement made by Galaxy Digital CEO Mike Novogratz on X that indirectly alluded to Dogwifhat.

As Dogwifhat continues to rise, it may encounter resistance around higher price points mainly at the daily SMA 50 at $2.94, particularly if the overall market sentiment does not change. As the scenario evolves, it remains unknown if Dogwifhat can maintain its momentum or if this surge is a temporary spike.

Toncoin (TON) v Uniswap (UNI): Where Will Bulls Settle ?
#BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #BTC #bitcoin Toncoin recorded losses today despite huge weekly gains while Uniswap maintained positive weekly and daily inflows. Amid the negative market sentiment, some crypto assets outperformed with double-digit weekly inflows. Last week saw huge losses in crypto assets after Bitcoin traded below $70,000 alongside altcoins falling below previous resistance levels. This bearish trajectory dragged assets downwards leading to billions liquidated from the market.

Amid the uncertainty, Uniswap and Toncoin saw inflows in the last seven days. Today, crypto assets attempt a rebound with the market cap rising to $2.42 trillion while Uniswap surged 10%. However, Toncoin saw losses today despite a positive weekly momentum. Uniswap Attracts Bulls
Decentralized crypto exchange, Uniswap picked up gains leading the top 20 crypto assets by market cap in short-term recovery. While other assets recorded inflows between 0.5% and 2%, UNI spiked over 10% as bulls ignited towards wider gains. At press time, UNI trades at $11.46 soaring past the $10 resistance level.

In the last seven days, Uniswap saw 15% gains and over 50% inflows in the previous 30 days. This shows bullish momentum on the part of the asset as holders build up the rally. UNI’s market cap stands at $6.8 billion while trading volume ticked up 3% above $378 million. The assets have scaled resistance levels but stand at 74% below its $44 all-time high during the bull run in 2021.

Toncoin Looks To Consolidate Weekly Trading
Toncoin has plummeted 2.9% today while other assets saw slight inflows. This week, TON spiked 12.41% while several altcoins saw massive losses. The asset growth comes as its total value locked (TVL) increases as adoption soars. The network’s success is linked to Notcoin and TapSwap’s popularity. Both platforms boast 30 million and 49 million users respectively. At the moment, bulls seem to settle towards Uniswap although a change in sentiments can spike TON.

Shiba Inu Coin Burn Rate Soars 685%, Market Eyes Price Rally !!
#BinanceTournament #AirdropGuide #EarnFreeCrypto2024 #altcoins #BTC Shiba Inu’s burn rate increased by 685% this week.
Over 399 million SHIB coins burned in the last 7 days.Analyst predicts SHIB price could rise to $0.00002800.The Shiba Inu community has intensified its efforts to reduce the circulating supply of SHIB, with an astounding 685% increase in burned coins in a striking development this week. The Shibburn tracking platform confirmed this spike, signaling a potent move by holders to potentially boost the coin’s market value. Recent data from Shibburn reveals that over the past seven days, an impressive total of 399,586,110 SHIB coins were sent to irretrievable blockchain addresses, marking a significant escalation compared to previous weeks. This aggressive burning strategy aligns with predictions of an impending price surge, creating a bullish sentiment among investors.

Market Analysts Predict Price Breakout

Crypto analyst Ali Martinez highlighted the current market dynamics surrounding SHib Inu, pointing to technical indicators that suggest a nearing price breakout. With the current trading price slightly over $0.00002076, Martinez forecasts a potential rise to around $0.00002800.
Such an increase would represent a substantial 35% gain, reinforcing confidence among SHIB holders and market spectators.

Moreover, despite a recent 21.7% drop in its value, Shiba Inu has managed a modest recovery of 4.7%, trading at $0.00002068. This resilience underlines the community’s active participation and the robust interest in SHIB’s market behavior.

Additionally, the backdrop of heightened burn rates and optimistic market analysis sets a promising stage for Shiba Inu’s financial trajectory. Investors continue to watch these developments closely, as the meme coin community gears up for potential gains.With technical analyses supporting a bullish outlook, the stage is set for what could be an exciting period in the trading history of SHIB.