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A number of favorable factors have contributed to a 28% increase in the price of Fetch.Ai (FET) over the last 24 hours. A number of cryptocurrencies have their roots in the artificial intelligence industry, which is seeing a boom right now.
Bring it closer.Both the general AI market outlook and the impending July 15, 2024, launch of the artificial superintelligence alliance are fueling Ai's recent upswing.
Already creating a commotion in the AI community, this merger will bring the FET project together with other platforms like SingularityNET (AGIX) and Ocean Protocol (OCEAN).
The Fetch also benefited from another aspect.Traders' activity spiked at an Ai (FET) rate. Fetch trading volume is currently seeing substantial growth in the derivatives markets. FET (artificial intelligence) by 210 percent.
$FET $AGIX $OCEAN
Bring it closer.Both the general AI market outlook and the impending July 15, 2024, launch of the artificial superintelligence alliance are fueling Ai's recent upswing.
Already creating a commotion in the AI community, this merger will bring the FET project together with other platforms like SingularityNET (AGIX) and Ocean Protocol (OCEAN).
The Fetch also benefited from another aspect.Traders' activity spiked at an Ai (FET) rate. Fetch trading volume is currently seeing substantial growth in the derivatives markets. FET (artificial intelligence) by 210 percent.
$FET $AGIX $OCEAN
A record $3.43 million was added to the blockchain's daily revenue following the June 20 launch of the ZRO token of the LayerZero omnichain protocol, which caused an increase in commissions on the Arbitrum L2 network.
A whopping 16,680% more revenue was generated than the day before.
As of June 20th, Arbitrum's average network fees were $0.89. The value has settled back down to its usual range of about $0.005 as of this writing.
In order to distribute each governance token using the Proof-of-Donation mechanism, the LayerZero Foundation asked eligible users to donate $0.1 in USDC, USDT, or ETH when ZRO was launched. A dramatic rise in commissions at Arbitrum was purportedly the result of the decision, which sparked community outrage.
$ZRO
A whopping 16,680% more revenue was generated than the day before.
As of June 20th, Arbitrum's average network fees were $0.89. The value has settled back down to its usual range of about $0.005 as of this writing.
In order to distribute each governance token using the Proof-of-Donation mechanism, the LayerZero Foundation asked eligible users to donate $0.1 in USDC, USDT, or ETH when ZRO was launched. A dramatic rise in commissions at Arbitrum was purportedly the result of the decision, which sparked community outrage.
$ZRO
The HASHAI project employs AI to optimize mining and has its own native token, HASHAI. Its price has climbed 18% in the last week.
The formation of an ascending channel by HASHAI on the daily chart is typically seen as a bullish indicator. The fact that the price of altcoins is about to break through the 20-day exponential moving average (EMA) is more evidence that buyers are getting more aggressive.
The formation of an ascending channel by HASHAI on the daily chart is typically seen as a bullish indicator. The fact that the price of altcoins is about to break through the 20-day exponential moving average (EMA) is more evidence that buyers are getting more aggressive.
An additional post was made by the renowned bitcoin researcher and investor Mikael van de Poppe on his X social media page. The decline in digital asset markets, he said, is far from over. Ethereum also shows signs of stability.
"The market can be considered fine" according to the analyst who released the chart, who added, "as long as the ETH rate remains above 0.05 relative to Bitcoin (BTC) quotes." The expert's opinion is that this means a price reversal is imminent. Van de Poppe claims that "activating strength in the altcoin markets" is imminent, marking the beginning of the first upward trend in 2.5 years.
"The market can be considered fine" according to the analyst who released the chart, who added, "as long as the ETH rate remains above 0.05 relative to Bitcoin (BTC) quotes." The expert's opinion is that this means a price reversal is imminent. Van de Poppe claims that "activating strength in the altcoin markets" is imminent, marking the beginning of the first upward trend in 2.5 years.
Toncoin (+1.98%) had the best performance for the past 24 hours among the top 10 most capitalized cryptocurrencies, while XRP (+1.99%) had the best performance for the past week. As compared to other cryptocurrencies, BNB's price dropped by 1.93% during the day. Dogecoin saw the biggest weekly loss at -12.74 percent.
$XRP $BNB
$XRP $BNB
Explain LayerZero.
One of the first cryptocurrency exchanges to announce ZRO's listing was KuCoin. Next came Binance, OKX, Bybit, and Upbit. A "monitoring tag" will be displayed on Binance for the LayerZero token. It is assigned to new assets by its platform, which are too risky.
At 12:00 UTC, spot trading for ZRO pairs will start.
Interactions between blockchains are the main focus of the crypto project LayerZero. For message transmission between networks, the protocol employs specialized oracle networks. With this, you can build apps that work across different chains.
$ZRO
One of the first cryptocurrency exchanges to announce ZRO's listing was KuCoin. Next came Binance, OKX, Bybit, and Upbit. A "monitoring tag" will be displayed on Binance for the LayerZero token. It is assigned to new assets by its platform, which are too risky.
At 12:00 UTC, spot trading for ZRO pairs will start.
Interactions between blockchains are the main focus of the crypto project LayerZero. For message transmission between networks, the protocol employs specialized oracle networks. With this, you can build apps that work across different chains.
$ZRO
Earlier this year in December, the LayerZero team announced their intentions to launch their own coin and hold an airdrop. One billion ZRO tokens will be available in total, say the developers. Here is how they will be handed out:
38% will go to the general public (developers and regular users), 32% to long-term strategic allies with a three-year commitment, and 25% to key players with the same blocking period;
4% — on coins that are redeemed and given to the community
$ZRO
38% will go to the general public (developers and regular users), 32% to long-term strategic allies with a three-year commitment, and 25% to key players with the same blocking period;
4% — on coins that are redeemed and given to the community
$ZRO
If investors continue to back Bitcoin Cash (BCH), its price might rise in the next trading sessions.
There are a number of on-chain indications that point to a potential price recovery for BCH. Metrics pertaining to the accumulation and hoarding of assets in particular show this.
$BCH
There are a number of on-chain indications that point to a potential price recovery for BCH. Metrics pertaining to the accumulation and hoarding of assets in particular show this.
$BCH
Given the way things are going with Axie Infinity (AXS), a more gloomy scenario where the asset keeps losing value is certainly within the realm of possibility.
If investors sell their Axie Infinity (AXS) shares too quickly to cut their losses, the stock could fall even faster.
Less than eleven percent of AXS holders are now profitable as a result of the cryptocurrency's declining price. This is due to the fact that the altcoin is under significant pressure from overall negative market conditions. In the eight months beginning in October 2023, this number was at its lowest.
If investors are in a hurry to offset their losses, a wave of selling can occur when market conditions are unfavorable. There will be more pressure on AXS to lower prices if this occurs.
$AXS
If investors sell their Axie Infinity (AXS) shares too quickly to cut their losses, the stock could fall even faster.
Less than eleven percent of AXS holders are now profitable as a result of the cryptocurrency's declining price. This is due to the fact that the altcoin is under significant pressure from overall negative market conditions. In the eight months beginning in October 2023, this number was at its lowest.
If investors are in a hurry to offset their losses, a wave of selling can occur when market conditions are unfavorable. There will be more pressure on AXS to lower prices if this occurs.
$AXS
On the cryptocurrency market, new projects pop up daily. The ARBUZ memcoin, which debuted in the TON ecosystem, is one of the most promising new cryptocurrencies.
The ARBUZ team, makers of the new "meme" coin that started with a joke about Russia's cut watermelon ban, were interviewed by the TON team. In light of the event, the asset's quotes increased by over 100%.
The ARBUZ team, makers of the new "meme" coin that started with a joke about Russia's cut watermelon ban, were interviewed by the TON team. In light of the event, the asset's quotes increased by over 100%.
As miners are actively selling off their reserves, the number of bitcoins stored in miners' wallets continues to decline, according to CryptoQuant data. Instead of using exchange platforms, most transactions happen on the over-the-counter (OTC) market. The reserves held by Bitcoin miners have hit a level not seen since 2021.
$BTC
$BTC
It wasn't long ago that most people thought Dogecoin (DOGE) would hit $1. Optimism surrounding this prediction was severely damaged, regrettably.
As the market as a whole fell on June 17, the memecoin Dogecoin (DOGE) lost nearly 10% of its value in the previous day. This also had an effect on traders who had open contracts.
Traders' strategies are shifted due to significant losses.
Between June 17 and June 18, DOGE liquidations totaled $60.27 million, according to Coinglass. On Monday, it hit $44.21 million, and as of this writing, it has reached $16.06 million.
When a trader's position is forcibly closed by the exchange to avoid additional losses, this is called a liquidation. The majority of these positions were quite lengthy, which is quite characteristic. A total of $59.84 million has been liquidated from long Dogecoin positions, while $633,910 has been liquidated from short ones. Following the surrender, traders keep putting bearish bets ahead of bullish ones.
$DOGE
As the market as a whole fell on June 17, the memecoin Dogecoin (DOGE) lost nearly 10% of its value in the previous day. This also had an effect on traders who had open contracts.
Traders' strategies are shifted due to significant losses.
Between June 17 and June 18, DOGE liquidations totaled $60.27 million, according to Coinglass. On Monday, it hit $44.21 million, and as of this writing, it has reached $16.06 million.
When a trader's position is forcibly closed by the exchange to avoid additional losses, this is called a liquidation. The majority of these positions were quite lengthy, which is quite characteristic. A total of $59.84 million has been liquidated from long Dogecoin positions, while $633,910 has been liquidated from short ones. Following the surrender, traders keep putting bearish bets ahead of bullish ones.
$DOGE
Cardano (+4.31%) and XRP (+3.11%) had the best daily and weekly results among the top 10 most capitalized cryptocurrencies, respectively. Toncoin showed the biggest loss over the past 24 hours, falling by 3.52%. When compared to other cryptocurrencies, Dogecoin's price decline of -8.78% over the past seven days was the most dramatic.
$ADA $XRP
$ADA $XRP
Notcoin (NOT) developer Sasha Plotvinov has doubts about clickers' long-term viability.
Plotvinov stated in an interview with The Block that the creators of Notcoin are looking to abandon the "slipper" idea in favor of a more long-term viable model.
The creator of Notcoin used Catizen, a fairly popular game on Telegram, as an example of an application with a sustainable model. With over 50% of players opting to purchase in-game features, the game has already generated over $1 million in profit.
Creating a fully decentralized ecosystem for Notcoin is, according to Plotvinov, the project's top priority for the coming four years. Building efficient and robust subsystems is the goal of developers.
$NOT
Plotvinov stated in an interview with The Block that the creators of Notcoin are looking to abandon the "slipper" idea in favor of a more long-term viable model.
The creator of Notcoin used Catizen, a fairly popular game on Telegram, as an example of an application with a sustainable model. With over 50% of players opting to purchase in-game features, the game has already generated over $1 million in profit.
Creating a fully decentralized ecosystem for Notcoin is, according to Plotvinov, the project's top priority for the coming four years. Building efficient and robust subsystems is the goal of developers.
$NOT