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⚡️ Bitcoin's weekend volume dropped to the lowest level of 2024.
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Selling by Dogecoin Holders May Depress Price Despite Accumulation Trends. A significant change in behavior has been observed among the major holders of Dogecoin, with recent data indicating a serious selling wave. If this selling trend continues, DOGE price may come under further pressure. According to the latest data, Dogecoin is worth $0.12, and has fallen 23.74% in the last month. This ongoing selling trend could drop the price to around $0.10. To better understand whether this downward trend will continue, we examined the Average Coin Age (OCA). OCA measures the average age of all coins, i.e. their date of purchase. Importantly, OCA shows the trading activity of older coins, especially those that have been held in the wallet for more than 155 days. An increase in OCA indicates an increase in trading activity resulting in sales on exchanges. Since June 25, Dogecoin's 90-day OCA has been decreasing, indicating that these old coins are being moved to personal wallets rather than being sold. Considering different metrics and their impact on price, Dogecoin's trading may remain within a limited band. Specifically, the price is likely to fluctuate between $0.11 and $0.13 in a short time. So what about market participants? To understand their behavior, we conducted Exchange On-Chain Market Depth analysis, which evaluates the number of traders looking to buy or sell a cryptocurrency across the top 10 exchanges. If more traders want to sell (ask), the probability of a price drop increases. Conversely, if there is more bidding, the potential price increase comes to the fore. Currently, bid volume for Dogecoin has significantly exceeded ask volume, according to IntoTheBlock data. If this trend continues with traders scrambling to buy #DOGE at lower prices, a rally is likely to take the price to around $0.15. However, this prediction will be invalid if the number of traders bidding decreases.
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💫 Base network was the best performer among Ethereum Layer 2 solutions in the 2nd quarter of the year.
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🧙♂️ Important Developments: 📣On Monday, July 1, Wanchain (WAN) will make an announcement. 🇪🇺The European Region inflation rate will be announced on Tuesday, July 2 at 12:00. •Expectation: 2.5% •Previous: 2.6% 🇺🇸 Fed Chairman Jerome Powell will give a speech on Tuesday, July 2 at 16:30. 🇺🇸US Stock Exchanges will close early on Wednesday, July 3, due to Independence Day. 🇺🇲US Unemployment Benefit Applications will be announced on Wednesday, July 3 at 15:30. •Expectation: - •Previous: 233K 🇺🇸Fed FOMC minutes will be published on Wednesday, July 3 at 21:00. 🇺🇸The US Unemployment Rate will be announced on Friday, July 5 at 15:30. •Expectation: 4.0% •Previous: 4.0% 🇺🇸US Non-Farm Employment Data will be announced on Friday, July 5 at 15:30. •Expected: 180K •Previous: 272K
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Fake token warning from Floki Inu: Investors beware! Floki Inu, one of the leading memecoins, warned its users and the cryptocurrency community about fake tokens associated with its brand. The fake tokens in question are created on the Solana and Base blockchains and aim to defraud investors. Floki Inu's official Twitter account informed its followers about these fraudulent tokens. The team emphasized that the real FLOKI token exists only on the BNB Smart Chain (BNB) and Ethereum networks. To protect against fraud, Floki shared the correct contract addresses as 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e for Ethereum (ETH) and 0xfb5b838b6cfeedc2873ab27866079ac55363d37e for BNB Smart Chain (BNB). Floki stated that his community should obtain token information only from official sources to avoid such scams. Despite the security risks, developers continue to increase the functionality of the Floki Inu ecosystem. FLOKI Name Service is now available on the BNB Chain mainnet. This service allows users to register decentralized domain names with the .floki extension, increasing the use of the Floki Inu token in the ecosystem. Floki Name Service is compatible with popular wallets and exchanges such as Trust Wallet and PancakeSwap using the #SPACE ID architecture. According to the latest data, the number of #FLOKI owners on #BNB Chain has reached more than 417,400 owners, leaving behind an important milestone. To celebrate this achievement, a rewards program has been launched where Floki Inu owners can claim a percentage of interest rewards
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最新ニュース
MegaLabsがMegaETH開発のために2000万ドルの資金を確保、Colosseumが6000万ドルを調達
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Ether.fi Foundationの提案が承認され、第3四半期に2500万のETHFIトークンが割り当てられる予定
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Uniswap Labs、75万件のユーザー名が取得されたと報告
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来週には重要なトークンのロック解除が予定されており、総額は1億2000万ドルを超える
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