Global investment firm with $1.6 trillion in assets under management, Franklin Templeton, announced the expansion of its Layer 1 (L1) blockchain footprint to the Avalanche network.
The move comes via the Franklin Templeton OnChain U.S. Government Money Fund (FOBXX), the only U.S.-listed mutual fund that utilizes a public blockchain as its system of record to process transactions and record share ownership. $AVAX $BTC
Binance, one of the worldâs largest crypto exchanges, is proud to announce the launch of its 57th Launchpool project, DOGS. The project is expected to attract investors and crypto enthusiasts by offering new opportunities to earn returns through staking.
Will FLOKI Price Skyrocket to $0.0002 Amid Major Partnership with Premier League?
In recent days, crypto investors have been focused on FLOKI, one of the meme tokens that is currently stealing attention in the digital currency market. The token is experiencing quite significant price movements, and the main question that arises is whether FLOKI's price will be able to reach the level of $0.0002. One factor driving optimism among investors is FLOKIâs recent announcement of major partnerships with several clubs in the English Premier League. This move is seen as a smart marketing strategy, given the Premier Leagueâs global popularity and wide fan base. By introducing FLOKI to a larger global audience, it is expected that there will be increased interest and demand for the token.
JUP Price Movement Prediction Based on the Provided Chart
Analyzing the price chart reveals several critical levels and potential future movements for the asset currently priced at 0.9358 USDT. Hereâs a detailed breakdown of the key observations:
Current Price Level
The current price of the asset stands at 0.9358 USDT. This price point is crucial as it serves as the baseline for analyzing future movements.
Resistance Zone
A significant resistance zone is identified around the 1.1000 USDT level, marked by a red area on the chart. This zone indicates a price level where selling pressure might increase, potentially hindering upward momentum.
Support Zone
The nearest support zone is around the 0.8600 USDT level, highlighted by a blue area. This zone is essential for traders to watch as it represents a price level where buying pressure could help prevent further declines.
Price Trend
The price trend shows an upward movement after a Change of Character (CHoCH), indicating a shift in market sentiment. The price has successfully broken through a previous resistance level, which now acts as a new support level. This change suggests a bullish momentum in the market.
Equilibrium Area
An equilibrium area is noted between the 1.0400 and 1.0800 USDT levels. This range could indicate a potential consolidation phase in the future, where the price might hover before making any significant movements.
Overall Prediction
Given the current market dynamics, if the price maintains its position above the new support level and the bullish momentum continues, there is a strong possibility that the price will retest the resistance zone around 1.1000 USDT. However, if the price experiences a reversal, it might fall back to the support zone around 0.8600 USDT.
Daddy Token Soars: Andrew Tate Promises $100 Million Burn, Funds Flowing to PlayDoge?
The world of cryptocurrency is always full of surprises, and this time, Daddy Token is in the spotlight. This token has experienced an extraordinary price surge after controversial influencer Andrew Tate announced his plan to burn $100 million worth of Daddy Token. Additionally, funds are starting to flow heavily into another intriguing project, PlayDoge. Let's take a closer look at this phenomenon.
Daddy Token Surges
Daddy Token, a recently launched cryptocurrency, has suddenly experienced a significant price increase. The primary cause is the announcement by Andrew Tate, an influencer known for his controversies and lavish lifestyle. Tate declared his intention to burn $100 million worth of Daddy Token.
This burning process involves removing a certain number of tokens from circulation, potentially driving up the token's price due to decreased supply. This tactic is often used to create scarcity and drive demand. With this promise of a massive token burn, itâs no wonder investors are flocking to buy Daddy Token, hoping to reap substantial profits.
Funds Flowing to PlayDoge
While Daddy Token is enjoying its heyday, PlayDoge is also not being left behind. PlayDoge is a crypto project focused on the gaming and entertainment world. In recent days, PlayDogeâs trading volume has surged sharply. Some analysts speculate that this phenomenon is occurring because investors are seeking another potential opportunity for significant gains following the Daddy Token hype.
PlayDoge offers an exciting ecosystem for gamers and crypto users. With positive developments and community support, itâs no surprise that this project is starting to catch the eyes of investors. The surge in funds flowing into PlayDoge indicates that investors are looking to diversify their crypto portfolios.
Hbar (Hedera Hashgraph Platform) is a cryptocurrency that is designed to power the Hedera Hashgraph platform, a decentralized platform that aims to provide a scalable and secure platform for decentralized applications (dApps). Hbar is the native cryptocurrency of the Hedera Hashgraph platform and is used to pay for transactions and computational services on the platform.
Hbar is unique in that it uses a novel consensus algorithm called the "hashgraph" algorithm, which is a type of distributed ledger technology that is designed to be faster and more secure than traditional blockchain technology. The hashgraph algorithm allows for the creation of a decentralized, distributed database that can be used to store and validate transactions on the platform.
Hbar is also designed to be highly scalable, with the ability to process thousands of transactions per second, making it a promising solution for decentralized applications that require high levels of throughput. Additionally, Hbar uses a unique governance model that allows for the creation of a decentralized, autonomous organization (DAO) that can be used to govern the platform and make decisions about its development and growth.
NEAR Protocol now allows users to sign multichain transactions from a single account. This is possible thanks to restaking project EigenLayer, which contributed to the Chain Signatures network. Chain Signatures are cryptographic signatures that allow users to sign transactions on one blockchain using a private key associated with a wallet on one of the other supported blockchains.
- Dusk recently launched a new testnet network called "Atlas" supported by more than 200 nodes. This news may have triggered a price increase some time ago.
- Technically, Dusk price is currently above the 50 and 100 daily trading SMAs. However, it is still below the strong resistance level at US$ 0.50.
- Based on momentum indicators such as RSI and Stochastic, Dusk doesn't look overbought yet, so there is room for further upside.
Several factors that could influence Dusk/USDT price movements in the future include:
1. Announcement and release of new features on the Dusk network. As more features are released, Dusk's adoption and appeal will increase.
2. News and cooperation with big platforms or applications. For example, integration with digital payments, blockchain games, or DEX.
3. Dusk's liquidity and trading volume on major crypto exchanges. The more liquid and crowded it is, the more it supports price increases.
4. General crypto market development. If the market is bullish, crypto in general rises including Dusk.
5. The amount of Dusk in circulation has decreased because it is used as staking or held by long-term investors.
7. Macroeconomic news such as inflation and interest rates in the United States. Therefore, it is important to always pay attention to the latest developments regarding Dusk and overall market conditions. Fundamental and technical analysis needs to be carried out continuously.
- SKL token rose more than 15% in the last 24 hours to $0.11. This comes on the heels of the announcement that Skale Labs will integrate with Polygon to help bring an Ethereum-compatible layer 2 solution to the network. More transactions and use of SKL can mean greater upside potential.
- Trading volume has soared over the past few days, with over $30 million in trades today alone. Such large volume is usually a bullish sign that big players are accumulating assets.
- Sklusdt is trading close to important resistance at the $0.12 level. A break above it could trigger another rally. Support is around $0.09, so risk is priced in.
Given the momentum and strong catalyst from the Polygon news, I think Sklusdt still has room in the short term. I want to enter a long position now with a stop loss at $0.09 support. Increase another purchase if we see a pullback to $0.10. Bulls could easily push it to $0.15 in a few weeks if volume continues. $SKL
Magic Eden is making strategic progress with three important announcements as part of its mission to expand the NFT space.
In a recent press release, the project launched a new rewards program, rolled out its cross-chain wallet globally, and committed to open-sourcing much of its code, including the marketplace protocol, for the community-owned NonFungible DAO with a focus on developing NFT adoption.
Google search volume for âsolanaâ has increased in recent weeks as the price of solana has soared and the network has seen increased activity. Compared to other major layer 1 blockchain search terms such as âbitcoinâ and âethereumâ.
Solana has experienced relatively much greater growth in popularity. With Solana-based memecoins causing a surge in DEX volume on the network, it is not surprising that we have seen more people looking for Solana recently.
Crypto is being talked about a lot, especially Bitcoin.
With a year-to-date performance of 151%, and boosted by this week's gain to $44k, it has far outperformed the S&P 500 as well as Gold.
We can expect the upcoming spot Bitcoin ETF decision deadline to be a future catalyst for more price action, with leading ETF analysts projecting a 90% probability of approval.
ATOM and GALA Price Predictions, Here's What Analysts Say...
- đ ATOM (Cosmos Blockchain): Crypto analyst Kaleo believes the ATOM crypto asset will reach resistance around $9.50 US (Rp. 147,250). Prediction ATOM will return to its highest level and surpass $10. It's likely that ATOM spiked to $11.50 , with a current price of $9.59. - đź GALA (Gala Blockchain Game): Kaleo pays attention to GALA, the crypto asset of the Gala blockchain-based gaming project. The GALA prediction reached its target at the $0.06 US level after breaking out of the bearish market's diagonal resistance. GALA hopes to return to 2023 highs and surpass $0.06.
đ SOL 2025 Projections: Inmortal estimates SOL (Solana) could reach a new record high of up to $360 in early 2025.
đ SOL Current Performance: SOL currently ranks sixth by market cap at approximately $60.81, experiencing a 3% decline in the last 24 hours but up more than 1,000% since the start of the year.
đ SOL Price Chart: Chart projections show SOL reaching around $100 towards the end of this year, with major upside in the second half of 2024.
The creators of Axie Infinity are back with a new game
Sky Mavis has partnered with Singapore-based game developer, Foonie Magus, to bring the new " Apeiron " game to its Ronin blockchain.
Sky Mavis is hoping to rebuild Ronin's reputation after last year's $600 million exploit and regain excitement around its once hugely popular play-to-earn blockchain game, Axie Infinity .
Apeiron is a card battle game with a demo available on the Epic Games Store . The global launch of the mobile version is expected in the first quarter of 2024.
Tether, which created the USDT stablecoin, has seen its Bitcoin investments soar, raking in profits of more than $1.1 billion. The recent rise in Bitcoin prices, which managed to cross the $42,000 mark, has played a major role in the 85%+ jump in profits for Tether's BTC holdings. In a recent X post, crypto journalist Colin Wu highlighted Tether's sizable stash of around 57,576 Bitcoins, now worth $2.4 billion, earned at an average of $22,480 each.