$ZK Did a bad AirDrop. A large fud was formed. However, this does not mean that ToM is bad. Yes, the community is valuable, but it does not detract from the quality of the project.
As Vitalik said, ZK is different from others and does not deserve the current price position.
I don't think $ZK will recover. I believe that the price will rise when the market improves.
📢 A Critical Day for Both the Market and the Terra Network
Today is a critical day for the Terra network. The agreement between Terraform Labs (TFL) and the US Securities and Exchange Commission (SEC) is expected to be completed. This development could reduce uncertainties on the Terra network and have a positive impact on the markets. Keep your attention on the terra network 👇👇👇👇
I stated that the data in the USA was not good and that it seriously reduced the expectations for interest rate cuts. I think this situation will not last long.
Apparently, the stock exchanges took advantage of this situation and pulled a good market down. I hope that those who use their common sense have taken precautions.
Here are some precautions you can take in this situation:
1. A Diverse Portfolio: Reduce your risk by spreading your investments across different assets.
2. Stop-Loss Orders: Use stop-loss orders to protect against sudden declines.
3. Stay Updated: Update your investment strategy by closely following market news and economic data.
Everything You Need to Know About Binance Launchpool's New Project IO.NET 🚀
Hello Binance Community! 🌐 I would like to share with you all the details about Binance Launchpool's new and exciting project IO.NET (IO). This project aims to revolutionize the world of AI and blockchain by providing decentralized GPU (graphics processing unit) resources for large-scale artificial intelligence (AI) projects.
Ionet: The Project That Will Revolutionize the World of AI and Blockchain
What is Ionet? Ionet is an innovative platform that provides decentralized GPU (graphics processing unit) resources for large-scale artificial intelligence (AI) projects. It reduces costs and improves the performance of AI projects by allowing users to quickly and efficiently access global GPU resources. Key Features - Decentralized Infrastructure: Ionet decentralizes the physical infrastructure network with distributed GPU cluster deployments. - Instant Payment: Offers fast payment via Solana Pay, so GPU resources become available in seconds.
US non-farm employment data came above expectations, showing that the economy is still hot. The unemployment rate was also above expectations. These data reduced the possibility of the Fed cutting interest rates, reducing the expectation of a rate cut in September from 70% to 55%. This caused volatility in crypto markets. Bitcoin rose sharply before the data was released and then fell.
The connection between the Fed's interest rate decisions and crypto investing creates significant impacts on investors' risk appetite and market liquidity. High interest rates may cause investors to turn to safer investment instruments, which leads to a decrease in funds allocated to cryptocurrency markets. This is because high interest rates reduce the demand for risky assets by increasing borrowing costs and making returns from safe investment instruments attractive.
In the past, rising interest rates have caused declines in cryptocurrency prices. For example, in late 2017, the value of Bitcoin dropped significantly as the Fed was increasing interest rates. Similarly, the Fed's rapid interest rate hikes in early 2022 led to major declines in the values of Bitcoin and other cryptocurrencies.
On the other hand, falling or remaining stable interest rates may encourage investors to take more risks, which may lead to increased investments in cryptocurrencies and rising prices. In 2020, the Fed reduced interest rates to near zero levels, resulting in large increases in cryptocurrency prices.
The expectation that interest rates will decrease in 2024 leads to positive movements in crypto markets.
Experts predict that Ace token may gain value in the long term, especially with the expansion of its usage areas in the gaming and digital entertainment sectors. The project plans to expand the Endurance gaming ecosystem to include more than 20 products in the third quarter of 2024. This expansion may increase the usage and value of the Ace token.
The project, which was launched on Binance, was initially around $12, but has now fallen to $6. Ace token currently has a market cap of $135 million. The project stands out as a project that should be followed carefully if there is a hype, along with the developments in the gaming field.
Ace token runs on Endurance Mainnet and is supported by advanced technologies such as OP-Endurance Network.
The project has an active community. He has 700,000 followers on Twitter and 1.15 million followers on Discord. This community plays an important role in the promotion and development of the project.
Cryptocurrency analysts state that Ace token has a strong potential due to its technical infrastructure and wide usage areas.
Ionet: The Project That Will Revolutionize the World of AI and Blockchain
What is Ionet? Ionet is an innovative platform that provides decentralized GPU (graphics processing unit) resources for large-scale artificial intelligence (AI) projects. It reduces costs and improves the performance of AI projects by allowing users to quickly and efficiently access global GPU resources. Key Features - Decentralized Infrastructure: Ionet decentralizes the physical infrastructure network with distributed GPU cluster deployments. - Instant Payment: Offers fast payment via Solana Pay, so GPU resources become available in seconds.
Did you notice the rise especially in $CAKE , $BAKE and $BURGER after BNB made ATH?
However, another project that should attract attention is Biswap! $BSW
This project, affected by the bear market, dropped from $1 to $0.06. However, it is currently hovering around $0.09.
The total value of the project, which is also affected by locked token openings, is around 45 million dollars. Currently, 70% of the tokens are unlocked.
Additionally, the Biswap application has $53 million in assets locked and its daily transaction volume exceeds $48 million.
This project is expected to play an important role in future upward trends. Stay tuned so you don't miss it! 📈 #BNB #biswap
Settlement with SEC: Bullish Expectations for Terra Products
Terraform Labs agreed to settle a civil lawsuit with the SEC alleging fraud.
The court judge requested that the agreement details be submitted to the court by June 12. This development created great anticipation for Terra Labs products $LUNA, $LUNC and $USTC .
The expected statement from CEO Chris Amani has not been made yet. However, a possible positive agreement could remove the pressure on these three tokens and enable them to move into an uptrend. The details of the deal and the exact content of the settlement with the SEC will determine the markets' reaction.
It should also be noted that it is very difficult for the Terra classic network to fully recover. Therefore, the upcoming upward trend may remain limited. Note that $Luna and $Ustc are collected by certain wallets and a large portion of them are stored by these wallets. This may affect the liquidity and price movements of the tokens.
My favorite is $USTC , because it is not possible to talk about a comeback without recovering the collapsed stablecoin. Instead of waiting for a return here, it would be more logical to catch the upward trend in positive news and try to benefit from this trend.
Follow the developments in the markets closely and be careful when investing. Especially in this one-week period, Terra products should be on your follow-up.
Mina Protocol has successfully completed its Berkeley upgrade, taking a big step forward in the blockchain world. With this upgrade, MINA becomes the first ZK blockchain with general-purpose ZK programmability on the mainnet. So, what does this mean and why should you choose Mina?
1. Unique ToM Programmability: With the Berkeley upgrade, Mina became the first blockchain to enable programmability using general-purpose ZK-SNARKs. This offers developers the ability to create secure and scalable applications. Users can carry out their transactions without revealing their personal data, which keeps privacy at the maximum level.
2. Fixed Blockchain Size: Thanks to Mina's innovative technology, the blockchain size remains limited to just a few kilobytes. Unlike the massive data storage requirements we see in other blockchains, Mina remains lightweight and accessible at all times. This enables the network to be adopted by a wider range of users.
3. Rewards for Stakeholders: Mina administrators plan to distribute rewards from new projects to be launched on the network to users who stake $MINA . This not only allows you to contribute to the security of the network, but also makes it possible for you to directly benefit from new projects. By staking, you can both earn passive income and contribute to the growth of the ecosystem.
4. Scalability and Security: With ZK-SNARK technology, Mina leads the way in scalability and security. Transactions are processed quickly and securely, protecting the confidentiality of user data. This makes Mina an ideal platform for both individual users and corporate applications.
5. Future Potential: Mina's innovative approaches and ever-evolving ecosystem will inspire more projects in the future and continue to push the boundaries of blockchain technology.$MINA