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$SOL is now at 150 usdt 😍😍
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$SOL
Solana (SOL), a premier blockchain platform, is making headlines for its rapid processing capabilities and efficiency in handling transactions. This Layer 1 technology has captivated a large following, which is evident from its burgeoning ecosystem and the influx of developers creating decentralized applications on it. Its prowess in innovation has significantly bolstered investor trust.
Despite a recent downtrend, Solana has maintained a price of around $130, currently trading at $135, which indicates a decline of 7% in the past day. However, it has impressively managed to hold strong above the $130 level, suggesting potential for an upcoming rally. Over the past week, Solana price has been trading down with its price decreasing by more than 12% after a market correction
Having climbed from a mere $20 over the last year, Solana’s value has soared by 779%, positioning it as one of the top three cryptocurrencies to consider purchasing ahead of the anticipated 2024 bull market.
Solana (SOL), a premier blockchain platform, is making headlines for its rapid processing capabilities and efficiency in handling transactions. This Layer 1 technology has captivated a large following, which is evident from its burgeoning ecosystem and the influx of developers creating decentralized applications on it. Its prowess in innovation has significantly bolstered investor trust.
Despite a recent downtrend, Solana has maintained a price of around $130, currently trading at $135, which indicates a decline of 7% in the past day. However, it has impressively managed to hold strong above the $130 level, suggesting potential for an upcoming rally. Over the past week, Solana price has been trading down with its price decreasing by more than 12% after a market correction
Having climbed from a mere $20 over the last year, Solana’s value has soared by 779%, positioning it as one of the top three cryptocurrencies to consider purchasing ahead of the anticipated 2024 bull market.
Binance to Delist SHIB, LINK and MEME Trading Pairs: Details
Some of the affected pairs will be BLUR/FDUSD, LINK/TUSD, MEME/ETH, METIS/FDUSD, NFP/BNB, OSMO/BTC and SHIB/TUSD. The scheduled date for the suspension of these spot trading pairs is June 28 at 3:00 a.m. (UTC). This decision will leave Binance with other high-volume trading pairs, like USDT, TRY, and FDUSD.
After conducting its periodic reviews of all listed spot trading pairs, Binance highlighted that it discovered poor liquidity and trading volume on most of the aforementioned pairs, hence, its decision to delist them. According to the popular digital asset service provider, this move aligns with its goal of protecting users and maintaining a high-quality trading market. It is noteworthy that the potential delisting of these spot trading pairs will not impact negatively on the availability of the tokens on Binance Spot. As such, users are allowed to trade the spot trading pair’s base while they quote assets on other trading pairs available on the cryptocurrency exchange. SHIB, LINK and MEME register price increase Even with the news of the spot trading pair delisting, some of the underlying assets are still performing well. At the time of this writing, LINK was trading at $14.06, with a 0.54% increase within the last 24 hours. Shiba Inu has seen more profit than LINK after a 101% jump in burn rate today. The meme coin registered a 1.61% increase within the same hour and is currently trading at $0.0000175. Meme Coin is trading at $0.01991 and is also 1.67% higher than it was the previous day. Meanwhile, the latest development comes barely a week after Binance announced the delisting of AI crypto spot trading pairs specifically for AI tokens Ocean Protocol (OCEAN) and SingularityNET (AGI)
$LINK
$SHIB
$MEME
Some of the affected pairs will be BLUR/FDUSD, LINK/TUSD, MEME/ETH, METIS/FDUSD, NFP/BNB, OSMO/BTC and SHIB/TUSD. The scheduled date for the suspension of these spot trading pairs is June 28 at 3:00 a.m. (UTC). This decision will leave Binance with other high-volume trading pairs, like USDT, TRY, and FDUSD.
After conducting its periodic reviews of all listed spot trading pairs, Binance highlighted that it discovered poor liquidity and trading volume on most of the aforementioned pairs, hence, its decision to delist them. According to the popular digital asset service provider, this move aligns with its goal of protecting users and maintaining a high-quality trading market. It is noteworthy that the potential delisting of these spot trading pairs will not impact negatively on the availability of the tokens on Binance Spot. As such, users are allowed to trade the spot trading pair’s base while they quote assets on other trading pairs available on the cryptocurrency exchange. SHIB, LINK and MEME register price increase Even with the news of the spot trading pair delisting, some of the underlying assets are still performing well. At the time of this writing, LINK was trading at $14.06, with a 0.54% increase within the last 24 hours. Shiba Inu has seen more profit than LINK after a 101% jump in burn rate today. The meme coin registered a 1.61% increase within the same hour and is currently trading at $0.0000175. Meme Coin is trading at $0.01991 and is also 1.67% higher than it was the previous day. Meanwhile, the latest development comes barely a week after Binance announced the delisting of AI crypto spot trading pairs specifically for AI tokens Ocean Protocol (OCEAN) and SingularityNET (AGI)
$LINK
$SHIB
$MEME
Airdrop MlN Tokens From
Solana-exchange Zeta Markets will distribute 100 mln tokens in the course of airdrop
Solana-based decentralized cryptocurrency exchange Zeta Markets has launched airdrop of 100 million ZEX (formerly Z) management tokens.
The initiative is designed to reward early users and encourage long-term participation in the protocol, according to a press release.
The giveaway will hand out 10% of the total 1 billion ZEX offering:
8% - reserved for Zeta traders in Phase 1;
2% for early-stakers; ZEX will be distributed 28 days after TGE in proportion to the number of blocked tokens and the duration of the staking.
Users and have 90 days to stack funds.
The initial distribution is based on a June 7 snapshot of users' Z-Score, a system linked to trading activity.
An airdrop is also provided for DEX ecosystem partner members who participated in a related contest.
An additional 30% of the ZEX offering has been allocated for incentives through distributions to exchange traders at the end of each epoch at a frequency of every 28 days.
According to the team, the Genesis Era will run until July 25 and will contain 8 million ZEX as trading rewards.
"Our goal at Zeta Markets is to create the perfect DEX, combining speed and convenience on par with CEX with the transparency and security of DeFi. The launch of ZEX marks an important step on this journey, putting decision-making power in the hands of the community and ensuring the long-term growth of the protocol by strategically aligning the interests of various parties," the statement said.
ZEX provides governance, staking and incentives in Zeta.
The token uses a vote escrow model, a system used by Curve Finance. In it, CRV holders lock them up for a certain period to receive more voting rights in the form of veCRVs, incentivizing long-term commitment to the project.
According to the team, ZEX also serves as its own gas token and incentive mechanism for Zeta X, the "second tier of DeFi" on Solana.
The solution aims to achieve CEX-like onchain performance. The main network is expected in Q1 2025.
According to DeFi Llama, Zeta Markets' TVL is $16.9 million.
According to the team, the number of monthly active users of the platform exceeds 125,000.
Recall, in 2021, the Zeta team won the Grand Prix of the Solana Season hackathon.
From January to June, participants in the crypto industry received ~$4 billion in various tokens within airdrops.
On June 26, the Blast tier 2 network team completed the first phase of the BLAST giveaway.
$SOL
Solana-based decentralized cryptocurrency exchange Zeta Markets has launched airdrop of 100 million ZEX (formerly Z) management tokens.
The initiative is designed to reward early users and encourage long-term participation in the protocol, according to a press release.
The giveaway will hand out 10% of the total 1 billion ZEX offering:
8% - reserved for Zeta traders in Phase 1;
2% for early-stakers; ZEX will be distributed 28 days after TGE in proportion to the number of blocked tokens and the duration of the staking.
Users and have 90 days to stack funds.
The initial distribution is based on a June 7 snapshot of users' Z-Score, a system linked to trading activity.
An airdrop is also provided for DEX ecosystem partner members who participated in a related contest.
An additional 30% of the ZEX offering has been allocated for incentives through distributions to exchange traders at the end of each epoch at a frequency of every 28 days.
According to the team, the Genesis Era will run until July 25 and will contain 8 million ZEX as trading rewards.
"Our goal at Zeta Markets is to create the perfect DEX, combining speed and convenience on par with CEX with the transparency and security of DeFi. The launch of ZEX marks an important step on this journey, putting decision-making power in the hands of the community and ensuring the long-term growth of the protocol by strategically aligning the interests of various parties," the statement said.
ZEX provides governance, staking and incentives in Zeta.
The token uses a vote escrow model, a system used by Curve Finance. In it, CRV holders lock them up for a certain period to receive more voting rights in the form of veCRVs, incentivizing long-term commitment to the project.
According to the team, ZEX also serves as its own gas token and incentive mechanism for Zeta X, the "second tier of DeFi" on Solana.
The solution aims to achieve CEX-like onchain performance. The main network is expected in Q1 2025.
According to DeFi Llama, Zeta Markets' TVL is $16.9 million.
According to the team, the number of monthly active users of the platform exceeds 125,000.
Recall, in 2021, the Zeta team won the Grand Prix of the Solana Season hackathon.
From January to June, participants in the crypto industry received ~$4 billion in various tokens within airdrops.
On June 26, the Blast tier 2 network team completed the first phase of the BLAST giveaway.
$SOL
guys i told you buy and hold $SOL for short term profit 😍😍 Now see it's roaring up on 148$ from 125/130 🥰🥰. Follow me for more exciting updates about crypto currencies
🌐 Meme tokens are the most profitable sector in crypto for H1 2024
Meme tokens were the most profitable in the crypto industry for the first half of 2024, followed by Real World Assets (RWA) ☄️
This trend shows rising interest in high-volatility investments and the growth of asset-backed tokens 📈
$SOL
$PEPE
$SHIB
Meme tokens were the most profitable in the crypto industry for the first half of 2024, followed by Real World Assets (RWA) ☄️
This trend shows rising interest in high-volatility investments and the growth of asset-backed tokens 📈
$SOL
$PEPE
$SHIB
$SHIB
Current Price of Shiba Inu: US$0.00001658
Shiba Inu (SHIB) is one of the latest Ethereum altcoins that uses the Japanese breed of hunting dogs called Shiba as a symbol. It has not only been regarded as ‘the Dogecoin killer’ but also as its competitor site, giving tough competition to the later.
SHIB was launched in August 2020 by an anonymous person or a group called ‘Called Ryoshi.’ The token’s price reached a peak on 29th October 2021, during which the token’s market cap stood at US$41 billion.
Shiba Inus operates under the principles of decentralized spontaneous community creation.
Shibarium is intended to figure challenges with scalability, ease up on the fees for transacting on the network, and provide a structure for DApps and Web 3 growth. Thousands of Redditors have fanatically supported Shiba Inu since the launch of the platform, with nearly 500k members in the SHIBArmy.
Current Price of Shiba Inu: US$0.00001658
Shiba Inu (SHIB) is one of the latest Ethereum altcoins that uses the Japanese breed of hunting dogs called Shiba as a symbol. It has not only been regarded as ‘the Dogecoin killer’ but also as its competitor site, giving tough competition to the later.
SHIB was launched in August 2020 by an anonymous person or a group called ‘Called Ryoshi.’ The token’s price reached a peak on 29th October 2021, during which the token’s market cap stood at US$41 billion.
Shiba Inus operates under the principles of decentralized spontaneous community creation.
Shibarium is intended to figure challenges with scalability, ease up on the fees for transacting on the network, and provide a structure for DApps and Web 3 growth. Thousands of Redditors have fanatically supported Shiba Inu since the launch of the platform, with nearly 500k members in the SHIBArmy.
$UNI
Current Price of Uniswap: US$9.02
Uniswap is a popular and high-impact decentralized exchange, or DEX, built atop the Ethereum platform to facilitate direct buying and selling between parties. Uniswap began in the year 2018 when Hayden Adams brought in the Automation of Market Makers that helped to bring about changes to the provision of liquidity in the DeFi marketplace. It enables users to exchange ERC-20 tokens without leaving their Ethereum-Eth format wallets like MetaMask and MyEtherWallet.
Uniswap does not have a central authority; rather, its decisions are made by the community through the use of Unrealised Loss or UNI. It is also important to note that the operation of this platform is through an open-source code, which users can copy to develop more days.
Uniswap has provided the community with more than US$1. 8 trillion in trading volume and 350 million swaps since it started supporting. Constant product market maker mechanism is the major reason that ensures that there is always liquidity formed for trade. Uniswap’s pools of liquidity allow users to earn fees that are charged by the platform and offered to those who bring capital into the market.
The protocol is decentralized, and the UNI token holders and the delegates selected by union governance form the community running the protocol. Uniswap remains at the forefront of DeFi development and popularization while developing its multiplex ecosystem and remaining one of the integral aspects of DeFi.
Current Price of Uniswap: US$9.02
Uniswap is a popular and high-impact decentralized exchange, or DEX, built atop the Ethereum platform to facilitate direct buying and selling between parties. Uniswap began in the year 2018 when Hayden Adams brought in the Automation of Market Makers that helped to bring about changes to the provision of liquidity in the DeFi marketplace. It enables users to exchange ERC-20 tokens without leaving their Ethereum-Eth format wallets like MetaMask and MyEtherWallet.
Uniswap does not have a central authority; rather, its decisions are made by the community through the use of Unrealised Loss or UNI. It is also important to note that the operation of this platform is through an open-source code, which users can copy to develop more days.
Uniswap has provided the community with more than US$1. 8 trillion in trading volume and 350 million swaps since it started supporting. Constant product market maker mechanism is the major reason that ensures that there is always liquidity formed for trade. Uniswap’s pools of liquidity allow users to earn fees that are charged by the platform and offered to those who bring capital into the market.
The protocol is decentralized, and the UNI token holders and the delegates selected by union governance form the community running the protocol. Uniswap remains at the forefront of DeFi development and popularization while developing its multiplex ecosystem and remaining one of the integral aspects of DeFi.
$FLOKI
Current Price of Folki: US$0.0001544
Folki is a meme-based cryptocurrency that was created in the same way that other meme coins were, namely by using an image of Elon Musk’s Shiba Inu dog as its logo, although the project has since expanded to cover a number of different industries within the web3 ecosystem.
The FLOKI token is actually based on the networking of Ethereum and Binance Smart Chain Blockchain by using ERC-20 & BEP-20 tokens. Floki has a unique three-pillar philosophy:
Three parameters make Pesca different from other meme coins – Status, Utility, and Charitable characteristics. It originated from the SHIBA INU community members, and it is commonly referred to as Peoples Crypto Floats on Defi, NFTs, and Metaverse space. It has a built-in 3% reflection on all buys and sells of Floki, which is reinvested back into the Floki inu ecosystem. Hence, Folkki acts under the top 5 tokens to buy and hold this year, too.
A meme coin that started in June 2021 in response to Elon Musk’s Tweet where he named his pet Shiba Inu Floki has plans to increase its adoption and branding; it is useful in multiple aspects within the fintech, DeFi, and tokenization sectors. Special attention should be paid to the fact that the circulations of Floki tokens are large, and the project is almost copying the Shiba Inu model with correspondingly large token supplies.
It can be seen that Floki corresponds to the category of ‘doge-themed assets’, and it is one of the platforms that began its work by integrating various Web3 activities and gaming.
Current Price of Folki: US$0.0001544
Folki is a meme-based cryptocurrency that was created in the same way that other meme coins were, namely by using an image of Elon Musk’s Shiba Inu dog as its logo, although the project has since expanded to cover a number of different industries within the web3 ecosystem.
The FLOKI token is actually based on the networking of Ethereum and Binance Smart Chain Blockchain by using ERC-20 & BEP-20 tokens. Floki has a unique three-pillar philosophy:
Three parameters make Pesca different from other meme coins – Status, Utility, and Charitable characteristics. It originated from the SHIBA INU community members, and it is commonly referred to as Peoples Crypto Floats on Defi, NFTs, and Metaverse space. It has a built-in 3% reflection on all buys and sells of Floki, which is reinvested back into the Floki inu ecosystem. Hence, Folkki acts under the top 5 tokens to buy and hold this year, too.
A meme coin that started in June 2021 in response to Elon Musk’s Tweet where he named his pet Shiba Inu Floki has plans to increase its adoption and branding; it is useful in multiple aspects within the fintech, DeFi, and tokenization sectors. Special attention should be paid to the fact that the circulations of Floki tokens are large, and the project is almost copying the Shiba Inu model with correspondingly large token supplies.
It can be seen that Floki corresponds to the category of ‘doge-themed assets’, and it is one of the platforms that began its work by integrating various Web3 activities and gaming.
$LINK
Current Price of Chainlink: US$13.10
Chainlink (LINK) is yet another crypto that serves as a decentralized network of oracles that provide real data to blockchain smart contracts. It was designed to solve the ‘oracle problem’, as it aims to deliver accurate and secure data to smart contracts.
The Chainlink is a decentralized oracle service, and the native cryptocurrency of Chainlink is denoted by LINK, which is used to pay for the services offered by the network, such as data access and processing.
It runs on Ethereum and is based on the ERC-677 standard, which is the enhanced version of the well-known ERC-20. Preventing the falsification of data is also one of the major achievements of Chainlink, mainly due to the decentralized concept.
Secondary participants or node operators in the Chainlink system are rewarded with LINK tokens to supply accurate data. Many different nodes also work independently to fetch and check data, which eliminates the issue of centralization.
Some crypto tokens, known as LINK, are staked by node operators that prevent certain malicious activities in return, creating synergy of interest. They noticed today that Chainlink cannot only support DeFi, insurance, and gaming applications but also offer off-chain data feeds for them. So, Chainlink can be considered under the decent top 5 tokens to buy and hold for 2024.
Current Price of Chainlink: US$13.10
Chainlink (LINK) is yet another crypto that serves as a decentralized network of oracles that provide real data to blockchain smart contracts. It was designed to solve the ‘oracle problem’, as it aims to deliver accurate and secure data to smart contracts.
The Chainlink is a decentralized oracle service, and the native cryptocurrency of Chainlink is denoted by LINK, which is used to pay for the services offered by the network, such as data access and processing.
It runs on Ethereum and is based on the ERC-677 standard, which is the enhanced version of the well-known ERC-20. Preventing the falsification of data is also one of the major achievements of Chainlink, mainly due to the decentralized concept.
Secondary participants or node operators in the Chainlink system are rewarded with LINK tokens to supply accurate data. Many different nodes also work independently to fetch and check data, which eliminates the issue of centralization.
Some crypto tokens, known as LINK, are staked by node operators that prevent certain malicious activities in return, creating synergy of interest. They noticed today that Chainlink cannot only support DeFi, insurance, and gaming applications but also offer off-chain data feeds for them. So, Chainlink can be considered under the decent top 5 tokens to buy and hold for 2024.
🕯 Daily review of the cryptocurrency market
There are no significant changes in the market. BTC rose slightly to $61,600. ETH is trading below $3,400.
🔼 There are several growing assets: NOT +10%, ENS +9%, STX +8%, PEPE +7%, BRETT +6%, MKR +6%.
🔽 There are fewer falling assets: PENDLE -5%, LDO -5%, ZRO -4%, NEAR -4%, AR -4%, SUI -4%, FTM -4%.
$BTC
$NOT
$STX
There are no significant changes in the market. BTC rose slightly to $61,600. ETH is trading below $3,400.
🔼 There are several growing assets: NOT +10%, ENS +9%, STX +8%, PEPE +7%, BRETT +6%, MKR +6%.
🔽 There are fewer falling assets: PENDLE -5%, LDO -5%, ZRO -4%, NEAR -4%, AR -4%, SUI -4%, FTM -4%.
$BTC
$NOT
$STX
The $LISTA
token is the governance token of the Lista DAO, which will be officially listed on Binance on June 20, 2024. As a core governance tool, LISTA token holders play a vital role in the future development of the @ListaDAO Key Features & Benefits: Governance engagement
Benefits & Rights Of Lista Holders:
LISTA token holders not only have voting rights, but can also vote directly on key governance decisions of the protocol, such as choosing collateral types and deciding on token emission strategies. Starting in July 2024, users can convert LISTA tokens to veLISTA.
Future Prospects For SlisBNB:
As BNB's yielding and liquid staking token, it's a game-changer! With over $2.25 billion staked on Lista DAO, the potential for growth is immense. I believe slisBNB will play a crucial role in the future of liquidity staking on the BNB chain, offering users a flexible and rewarding way to engage with the protocol.
Future Of Lista DAO In Liquidity Staking :
𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐋𝐢𝐬𝐭𝐚 𝐃𝐀𝐎 is bright, and I'm eager to see the community's insights and thoughts! I envision $LISTA continuing to play a vital role in shaping the protocol's growth, with holders exercising their governance power to drive innovation and development. slisBNB will likely remain a key driver of liquidity staking on the BNB chain, offering users a flexible and rewarding way to engage with the protocol. As the Lista DAO ecosystem expands, I anticipate new use cases emerging for $LISTA and slisBNB, further solidifying their positions as leaders in the decentralized finance (DeFi) space.
#ListaNewEra #Lista #Write2Earn!
token is the governance token of the Lista DAO, which will be officially listed on Binance on June 20, 2024. As a core governance tool, LISTA token holders play a vital role in the future development of the @ListaDAO Key Features & Benefits: Governance engagement
Benefits & Rights Of Lista Holders:
LISTA token holders not only have voting rights, but can also vote directly on key governance decisions of the protocol, such as choosing collateral types and deciding on token emission strategies. Starting in July 2024, users can convert LISTA tokens to veLISTA.
Future Prospects For SlisBNB:
As BNB's yielding and liquid staking token, it's a game-changer! With over $2.25 billion staked on Lista DAO, the potential for growth is immense. I believe slisBNB will play a crucial role in the future of liquidity staking on the BNB chain, offering users a flexible and rewarding way to engage with the protocol.
Future Of Lista DAO In Liquidity Staking :
𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐋𝐢𝐬𝐭𝐚 𝐃𝐀𝐎 is bright, and I'm eager to see the community's insights and thoughts! I envision $LISTA continuing to play a vital role in shaping the protocol's growth, with holders exercising their governance power to drive innovation and development. slisBNB will likely remain a key driver of liquidity staking on the BNB chain, offering users a flexible and rewarding way to engage with the protocol. As the Lista DAO ecosystem expands, I anticipate new use cases emerging for $LISTA and slisBNB, further solidifying their positions as leaders in the decentralized finance (DeFi) space.
#ListaNewEra #Lista #Write2Earn!
Toncoin (TON) #tonecoin
Toncoin (TON), on the other hand, has experienced notable price fluctuations recently, reaching a new high of $8.31 before stabilizing around $7.60. Priced at $7.49, TON has shown resilience despite a sharp downturn.
TON has formed an ascending triangle pattern with horizontal resistance at $7.50. The recent breakout to a new high suggests potential for a bullish uptrend, targeting $10 in the short term and possibly pushing beyond in subsequent rallies.
If TON can sustain its upward momentum and break through its current resistance levels, its market cap, now at $18.4 billion, could also reach $50 billion by July.
The overall market conditions, including increased trading volume and broader market recovery, will play a crucial role in achieving this milestone.
Both XRP and TON demonstrate strong growth potential, making them attractive investment options for July.
XRP’s recovery efforts, coupled with Ripple’s strategic focus on CBDCs and TON’s technical resilience, suggest that these cryptocurrencies are on track to achieve significant market cap milestones.
For traders and investors looking for promising assets, XRP and TON are worth considering as they navigate the path towards a $50 billion market cap.
$XRP
Toncoin (TON), on the other hand, has experienced notable price fluctuations recently, reaching a new high of $8.31 before stabilizing around $7.60. Priced at $7.49, TON has shown resilience despite a sharp downturn.
TON has formed an ascending triangle pattern with horizontal resistance at $7.50. The recent breakout to a new high suggests potential for a bullish uptrend, targeting $10 in the short term and possibly pushing beyond in subsequent rallies.
If TON can sustain its upward momentum and break through its current resistance levels, its market cap, now at $18.4 billion, could also reach $50 billion by July.
The overall market conditions, including increased trading volume and broader market recovery, will play a crucial role in achieving this milestone.
Both XRP and TON demonstrate strong growth potential, making them attractive investment options for July.
XRP’s recovery efforts, coupled with Ripple’s strategic focus on CBDCs and TON’s technical resilience, suggest that these cryptocurrencies are on track to achieve significant market cap milestones.
For traders and investors looking for promising assets, XRP and TON are worth considering as they navigate the path towards a $50 billion market cap.
$XRP
Despite recent downturns in the cryptocurrency market, several digital assets show strong potential for significant growth in the coming months. As the global cryptocurrency market cap stands at $2.4 trillion with a 2.9% increase in the last 24 hours, certain cryptocurrencies present promising investment opportunities.
Finbold has identified two digital assets likely to reach a market cap of $50 billion by the end of July.
XRP(XRP) $XRP
XRP has been navigating through a challenging phase, particularly with its price consolidating below the $1 mark. Currently priced at $0.4771, XRP has faced resistance at the $0.4820 level, resulting in declines below $0.4750.
However, the asset has shown resilience, rebounding from a low of $0.4619. With recent upward moves clearing the $0.4680 and $0.4720 resistance levels, XRP is recovering and gaining traction.
XRP market cap. Source: CoinMarketCap
The ongoing legal dispute with the United States Securities and Exchange Commission (SEC) remains a significant hurdle, but Ripple’s intensified focus on Central Bank Digital Currencies (CBDCs) could strengthen its market position and drive future growth.
Additionally, XRP saw $0.7 million in investments in a week, indicating growing investor confidence. If the broader cryptocurrency market continues to recover and Ripple makes progress in its legal battle, XRP’s market cap, currently at $26.5 billion, could surge toward $50 billion.#Xrp🔥🔥 #Ripple💰
Finbold has identified two digital assets likely to reach a market cap of $50 billion by the end of July.
XRP(XRP) $XRP
XRP has been navigating through a challenging phase, particularly with its price consolidating below the $1 mark. Currently priced at $0.4771, XRP has faced resistance at the $0.4820 level, resulting in declines below $0.4750.
However, the asset has shown resilience, rebounding from a low of $0.4619. With recent upward moves clearing the $0.4680 and $0.4720 resistance levels, XRP is recovering and gaining traction.
XRP market cap. Source: CoinMarketCap
The ongoing legal dispute with the United States Securities and Exchange Commission (SEC) remains a significant hurdle, but Ripple’s intensified focus on Central Bank Digital Currencies (CBDCs) could strengthen its market position and drive future growth.
Additionally, XRP saw $0.7 million in investments in a week, indicating growing investor confidence. If the broader cryptocurrency market continues to recover and Ripple makes progress in its legal battle, XRP’s market cap, currently at $26.5 billion, could surge toward $50 billion.#Xrp🔥🔥 #Ripple💰
🕯 Daily review of the cryptocurrency market
Assets on the market are trading in different directions. BTC fell to $61,100. ETH is trading below $3,400.
Yesterday, the team of the bankrupt crypto exchange Mt․Gox announced that the exchange’s clients will begin to return their assets in early July. Of course, the market reacted with a fall, since the exchange must pay out as much as 142,000 BTC and 143,000 BCH.
🔼 BTC was hit the hardest. Some altcoins have already started to recover: FET +20%, AGIX +20%, WIF +17%, LDO +17%, BONK +14%, INJ +13%, TIA +13%, ONDO +13%, AAVE +12%.
🔽 There are fewer falling assets: ORDI -6%, GNO -5%, KCS -3%.
$BTC
$BCH
$AAVE
Assets on the market are trading in different directions. BTC fell to $61,100. ETH is trading below $3,400.
Yesterday, the team of the bankrupt crypto exchange Mt․Gox announced that the exchange’s clients will begin to return their assets in early July. Of course, the market reacted with a fall, since the exchange must pay out as much as 142,000 BTC and 143,000 BCH.
🔼 BTC was hit the hardest. Some altcoins have already started to recover: FET +20%, AGIX +20%, WIF +17%, LDO +17%, BONK +14%, INJ +13%, TIA +13%, ONDO +13%, AAVE +12%.
🔽 There are fewer falling assets: ORDI -6%, GNO -5%, KCS -3%.
$BTC
$BCH
$AAVE
Did the US government lose more than $12 billion in Bitcoin?
The CEO of Bitcoin Magazine stated that due to government incompetence, the US budget lost over $12 billion in Bitcoin. Officials sold 187,078 BTC at auction for $282 million some time ago, which is now worth about $12.5 billion.
😌 If they can make such a blunder, you certainly shouldn't beat yourself up.
$BTC
$ETH
$SOL
The CEO of Bitcoin Magazine stated that due to government incompetence, the US budget lost over $12 billion in Bitcoin. Officials sold 187,078 BTC at auction for $282 million some time ago, which is now worth about $12.5 billion.
😌 If they can make such a blunder, you certainly shouldn't beat yourself up.
$BTC
$ETH
$SOL
Miners have sold $2 billion worth of $BTC
since the beginning of June
Into The Block researchers said that Bitcoin cryptocurrency (BTC) miners have sold more than 30,000 BTC coins worth about $2 billion since the beginning of June 2024. This was the fastest pace of asset sales in the market over the past year. According to analysts, the April halving triggered a reduction in margins, which caused massive sell-offs.
Analyzing data on BTC miners' reserves, shows a significant decline in their volumes in recent months. This could have significant consequences for the cryptocurrency market. According to the graph presented, there is a noticeable drop in Bitcoin reserves from July 2023 to June 2024. In July 2023, reserves were above 1.95 million BTC, but by June 2024, they have fallen to less than 1.9 million BTC.
This trend can be attributed to various factors. Notable among them are rising mining costs, including higher electricity and equipment costs, as well as a decline in the block reward after the past halving. With rising operating costs, digital asset miners may be forced to sell their reserves of BTC coins to cover costs and keep their businesses profitable.
The peak in miners' reserves seen in January 2024 may indicate a short-term buildup of reserves before further declines. This period was also driven by the expectation of higher Bitcoin prices, which incentivized miners to temporarily hold their assets. However, the subsequent decline in reserves suggests that they began to sell off their holdings more actively.
The decline indicates growing pressure from miners, which could potentially increase supply in the market and put pressure on the current Bitcoin price. Second, the decline in reserves may also indicate a drop in miners' confidence in the short-term outlook for BTC price growth, which could worsen the overall sentiment of market participants. #BTCFOMCWatch #BTC☀
since the beginning of June
Into The Block researchers said that Bitcoin cryptocurrency (BTC) miners have sold more than 30,000 BTC coins worth about $2 billion since the beginning of June 2024. This was the fastest pace of asset sales in the market over the past year. According to analysts, the April halving triggered a reduction in margins, which caused massive sell-offs.
Analyzing data on BTC miners' reserves, shows a significant decline in their volumes in recent months. This could have significant consequences for the cryptocurrency market. According to the graph presented, there is a noticeable drop in Bitcoin reserves from July 2023 to June 2024. In July 2023, reserves were above 1.95 million BTC, but by June 2024, they have fallen to less than 1.9 million BTC.
This trend can be attributed to various factors. Notable among them are rising mining costs, including higher electricity and equipment costs, as well as a decline in the block reward after the past halving. With rising operating costs, digital asset miners may be forced to sell their reserves of BTC coins to cover costs and keep their businesses profitable.
The peak in miners' reserves seen in January 2024 may indicate a short-term buildup of reserves before further declines. This period was also driven by the expectation of higher Bitcoin prices, which incentivized miners to temporarily hold their assets. However, the subsequent decline in reserves suggests that they began to sell off their holdings more actively.
The decline indicates growing pressure from miners, which could potentially increase supply in the market and put pressure on the current Bitcoin price. Second, the decline in reserves may also indicate a drop in miners' confidence in the short-term outlook for BTC price growth, which could worsen the overall sentiment of market participants. #BTCFOMCWatch #BTC☀
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$SOL
Solana (SOL), a premier blockchain platform, is making headlines for its rapid processing capabilities and efficiency in handling transactions. This Layer 1 technology has captivated a large following, which is evident from its burgeoning ecosystem and the influx of developers creating decentralized applications on it. Its prowess in innovation has significantly bolstered investor trust.
Despite a recent downtrend, Solana has maintained a price of around $130, currently trading at $135, which indicates a decline of 7% in the past day. However, it has impressively managed to hold strong above the $130 level, suggesting potential for an upcoming rally. Over the past week, Solana price has been trading down with its price decreasing by more than 12% after a market correction
Having climbed from a mere $20 over the last year, Solana’s value has soared by 779%, positioning it as one of the top three cryptocurrencies to consider purchasing ahead of the anticipated 2024 bull market.
Solana (SOL), a premier blockchain platform, is making headlines for its rapid processing capabilities and efficiency in handling transactions. This Layer 1 technology has captivated a large following, which is evident from its burgeoning ecosystem and the influx of developers creating decentralized applications on it. Its prowess in innovation has significantly bolstered investor trust.
Despite a recent downtrend, Solana has maintained a price of around $130, currently trading at $135, which indicates a decline of 7% in the past day. However, it has impressively managed to hold strong above the $130 level, suggesting potential for an upcoming rally. Over the past week, Solana price has been trading down with its price decreasing by more than 12% after a market correction
Having climbed from a mere $20 over the last year, Solana’s value has soared by 779%, positioning it as one of the top three cryptocurrencies to consider purchasing ahead of the anticipated 2024 bull market.
Bitcoin (BTC) Price Prediction for June 20
$BTC
BTCUSD
−1.79%
BTCUSDC
−1.88%
Bears have come back to the game after a slight bounce back, according to CoinStats.
BTCUSD
The rate of Bitcoin
BTCUSD
has fallen by 0.32% over the last day.
On the hourly chart, the price of BTC is about to break the local support level of $64,809. If it happens, the energy might be enough for a more profound drop to the $64,000 zone tomorrow.
On the bigger time frame, sellers are keeping their pressure, and there are no reversal signals yet. At the moment, one should pay attention to the interim level of $64,000.
If the decline continues and the daily bar closes near it or below, traders may expect a test of the $63,000 mark soon.
From the midterm point of view, traders should focus on the previous bar's low at $65,000. If the candle closes below it, there is a possibility to see a drop to the $60,000-$62,000 range.
$BTC
BTCUSD
−1.79%
BTCUSDC
−1.88%
Bears have come back to the game after a slight bounce back, according to CoinStats.
BTCUSD
The rate of Bitcoin
BTCUSD
has fallen by 0.32% over the last day.
On the hourly chart, the price of BTC is about to break the local support level of $64,809. If it happens, the energy might be enough for a more profound drop to the $64,000 zone tomorrow.
On the bigger time frame, sellers are keeping their pressure, and there are no reversal signals yet. At the moment, one should pay attention to the interim level of $64,000.
If the decline continues and the daily bar closes near it or below, traders may expect a test of the $63,000 mark soon.
From the midterm point of view, traders should focus on the previous bar's low at $65,000. If the candle closes below it, there is a possibility to see a drop to the $60,000-$62,000 range.
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