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🚀 Manta Network and BONK Kick Off Meme Season with Reward Opportunities Manta Network, an ecosystem of networks providing scalable executable settings for dApps, has announced a new collaboration. As per the firm, it is partnering with BONK (the biggest meme community) to initiate Meme-ta szn on the ecosystem of Manta Pacific. The platform took to its official X account to announce this development. 🛠️ More exciting updates to the Dual Citizenship Rewards with @bonk_inu are coming your way. — Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork ) July 18, 2024 🔸 Manta Network Collaborates with BONK for Meme-ta Szn In its recent X post, the firm mentioned that both entities are jointly starting the meme season on Manta. The respective cross-ecosystem collaboration denotes a remarkable move toward the growth of an interlinked meme community via Manta Pacific. Both companies have also made a plan to celebrate this collaboration. In this way, they permit Mantalorians and BONKers to get rewards in MANTA tokens. 🔸 The Company Offers Active Participation and Dual Citizenship Rewards to Celebrate This Development The platform added that consumers can earn these rewards via its Active Participant and Dual Citizenship reward projects. In the case of Dual Citizenship rewards, the active members in the Manta and BONK communities will be eligible. They can receive these rewards by proving their dual citizenship. These rewards lie in a pool comprising nearly 690k MANTA coins. The minimum requirement is that the recipient should own at least 1M BONK coins staked through BONK rewards. The platform will calculate the rewards with the use of multipliers of 2, 1.4, and 1 in the case of BONK stakers with 6, 3, and 1-month periods. The firm will also offer more MANTA rewards to facilitate BONKers. They can get these rewards with active participation via diverse on-chain operations. #MANTA #BONK
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⚡️ ICP Bulls To Propel Price to $10: Here Are the Hurdles The Internet Computer (#ICP ) token price saw a massive pullback from its 52-week low mark of $6. It revived over 60% in the last two weeks. Meanwhile, the token price reached its make-or-break hurdle of $10, the 200-day EMA zone. The buyers have undoubtedly bought the dips and accumulated the token from its base, but it has reached its reversal zone, and a rejection could occur from there. The short-term leading indicators did not favor straightforward buying traction and suggested a slight dip might soon be possible. The ICP token was comfortably placed above the 20-day and 50-day EMAs, signifying the strength. However, it reached its pivot hurdle of 200-day EMA, and a probability of rejection was on the horizon. The bears grabbed their positions around the $10 mark at press time and were waiting for the opportunity for a turnaround to trap the mighty bulls. 🔸 The ICP Price at Press Time At press time, the ICP price traded at $9.96 with an intraday surge of 1.36%, reflecting neutrality on the charts. It has a monthly return ratio of 10.20% and 140.20% yearly, reflecting a short-term uptrend. The pair of ICP/BTC was at 0.000153 BTC, and the market cap was $4.65 Billion. Analysts were neutral and suggested that the ICP price may gain momentum once it closes above the $12 mark. In terms of market cap, ICP ranked 26th at the time of writing and had a total supply of 521.20 Million, while the volume-to-market cap was 0.0326. 🔸 Can the ICP Price Cross the 200-day EMA? The ICP price recently breached its downward trendline hurdle of $9 and gained a bullish swing. However, it still failed to overtake the cluster of $10, where the 100-day and 200-day EMAs were placed. Javon Marks tweeted that ICP has gained bullish momentum and could continue the upsurge. Currently prices of Internet Computer (ICP) are springing back majorly here with significant bullish action and they may be in the early stages of a massive continuation towards the $79.572 breakout target!
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⚠️ Bitcoin’s bullish sentiment in ‘serious decline’ Bitcoin’s positive sentiment has witnessed a “serious decline,” according to analysts at market intelligence platform Santiment. On Thursday, as Bitcoin (BTC) struggled to reclaim its recent upward trajectory, Santiment shared that funding rates suggest a surge in bearish bets. “Positive commentary toward Bitcoin has plummeted despite the mid-sized crypto market bounce this week. Many traders, particularly on Binance, are opening shorts with the expectation of BTC dropping again,” the platform wrote. Bullish commentary on Bitcoin price has fallen to about a third of the rate seen four months ago. Data also shows traders are increasingly betting against BTC rising in the short term. 📊 Positive commentary toward Bitcoin has plummeted despite the mid-sized crypto market bounce this week. Many traders, particularly on @binance, are opening shorts with the expectation of BTC dropping again. Both of these factors increase the likelihood of cryptocurrency rising. 🔸 Bitcoin holders pull #BTC from exchanges Bitcoin’s surge to $66,000 earlier this week has given way to a decline to around $63,380. Price is down just over 2.5% in the past 24 hours, which notably, is what Bitfinex analysts said was likely to happen as highlighted in our previous coverage. While positive sentiment has declined and traders are increasing short positions, Santiment suggests these factors “increase the likelihood of cryptocurrency rising.” Crypto analyst Woo Minkyu noted in a post on X on Thursday, Bitcoin holders have recently pulled huge amounts from exchanges. It happened on July 5 as BTC crashed below $54,000 – a scenario that coincided with the massive sell-off pressure from the German government and initial BTC transfers by Mt. Gox. At the time, holders withdrew BTC worth $3.8 billion from exchanges and helped prices to jump from around $56,000 to above $65,000. This week, on July 16, #Bitcoin holders again descended on exchanges, withdrawing another $3.4 billion worth of BTC.
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📉 Top 2 Memecoin To Watch When Market Is Down Today The last 24 hours have been a cooling period for the crypto market, this comes after adding more than $300 billion to the total marketcap in the previous 10 days. Bitcoin price makes a smart move by nit declining after the surge but moving sideways. Memecoins took control on Monday and Tuesday and relayed Wednesday and Thursday to altcoins. The meme season is still on the run and this could be the best time to take a position as the meme coin control cycle is bound to repeat in the next few days. 🔸 #MOG Mog coin is an Ethereum-based stand-out performer memecoin with over 12000% surge since its release in July 2023. The crypto breached its all-time high 2 days ago and has been breaking its all-time highs consistently. Despite its high price, the MOG experience continues to accumulate. Currently trading at $0.000001964 with 7-day growth of 10% and 158% in 30 days, though the coin declined 7.4% in 24 hours but moved above all the moving averages. In a recent metric review of Smart money wallets, MOG became the most accumulated token yesterday, and PEPE stands second. The MOG/USDT 4 hr chart anticipates a rebound surge into an upward channel. Applied MACD is declining towards the middle line, more corrections may take place. 🔸 #PEPE The 3rd Largest meme coin by marketcap PEPE has been the most actively traded meme coin of this cycle with over 25% surge in the last 7 days. PEPE price had a drop to $0.00000767 on July 5, and managed to pull back 57% up to the current price of $0.00001167. Interestingly, the PEPE volume on Thursday hit $1.2 Billion, surpassing DOGE at $730 million and Shba Inu at $810 million. The Open interest data increased to $ 148 million, the highest since June 7, primarily on Bitget and OKX exchanges. This is a good indication of traders interested in buying the asset. Notably a good number of whale activity was seen on Thursday, one whale bought 1.39 trillion Pepe tokens and another whale acquired 44.9 billion and 28.3 billion respectively.
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⭐️ Chainlink’s CCIP Boosts Morphex BMX Token for Cross-Chain Integration The Chainlink Cross-chain Interoperability Protocol (CCIP) plays a crucial role in helping different Web3 ecosystems and traditional systems to interact with different blockchain networks. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) introduces a streamlined interface designed to address all cross-chain requirements for decentralized applications (dApps) and web3 entrepreneurs. CCIP facilitates secure transfers of data, tokens, or a combination of both across multiple blockchain networks. On the other hand, Morphex is a decentralized exchange that facilitates spot and perpetual futures trading, accessible with just a wallet connection. Trades are settled against a single liquidity pool composed of blue-chip assets. Users can provide liquidity with any whitelisted asset and receive LP tokens in return, representing their share in the diversified liquidity pool. Using Chainlink’s CCIP, Morphex can facilitate effective data transfers for its trading platform thereby offering a seamless experience to its users. 🔸 Chainlink CCIP Use Cases With its robust security and effective data transfer facility, Chainlink’s CCIP has found its use case in multiple industry solutions. Ledgity Yield, a stablecoin yield protocol backed by real-world assets, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across Ethereum, Base, and Arbitrum. This integration enables cross-chain transfers of the native LDY token, allowing users to stake the token seamlessly from multiple chains, reported Crypto News Flash. Similarly, Drift, a leading Web3 gaming studio, has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This integration facilitates seamless cross-chain transfers for Drift’s tokens, allowing users to move their tokens effortlessly between the BNB Chain, Ethereum, and Polygon networks. This collaboration significantly enhances the accessibility and utility of Drift tokens within the Drift ecosystem. $LINK #LINK
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