🔸 Synthetix (SNX)
Synthetix is a decentralized protocol on Ethereum (ETH) for issuing and trading synthetic assets. It addresses liquidity and slippage issues in decentralized exchanges (DEX), supporting synthetic fiat currencies, cryptocurrencies, and commodities.
- Current Price: $2.93
- Market Cap: $959,783,8
Recent Performance:
- Trading Activity: Derivatives trading volume surged by 208% recently.
- Open Interest: Increased by 17.1%, now totaling $27 million.
- Technical Indicators:
- Price is between the 50-day and 200-day EMAs, indicating uncertainty.
- MACD line shows a bullish trajectory.
- RSI is at 62.02, signaling bullish momentum.
🔸 Notcoin (NOT)
Notcoin was introduced as a reward token for a Telegram game designed to onboard users to The Open Network (TON). Its unique application in the gaming world has garnered significant interest and growth potential.
- Current Price: $0.00949
- Market Cap: $957,457,791
Recent Performance:
- Rally: Experienced a 115% rally from May 24 to May 28, facing resistance at $0.0099.
- Technical Indicators:
- RSI remains above the neutral 50 level, indicating bullish momentum.
- Fibonacci retracement levels show important support at $0.0072 and $0.0066.
- Potential rally targets are $0.0112 and $0.0132.
- Key levels include resistance at $0.010 and support at $0.0048 and $0.0051.
Notcoin’s strong market performance and strategic use in gaming position it to attract further investment, potentially propelling it past the $1 billion market cap in the first half of 2024.
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