I think I understand why it surged last year and is so weak this year. At the beginning of last year, tokens kept being unlocked, and the big players wanted to sell.
$API3 consolidates around its $1.13 support, eyeing a $2.62 target as trading volumes swell. With Bitcoin sentiment remaining positive, watching $BTC dominance could provide traders with a roadmap for forecasting $API3’s upcoming moves and identifying ideal entry points.
#ENS According to the Upbit announcement, the Korean cryptocurrency exchange Upbit will launch the Ethereum Domain Name Service (ENS) in the Korean won market at 18:30 (Korean time) on July 9, 2024. Users need to confirm the network information before transferring digital assets, and only deposits and withdrawals of the network described in the announcement are supported.
In addition, Upbit has imposed restrictions on transactions: buying is prohibited within about 5 minutes after the start of the transaction, the selling price must not be lower than 10% of the previous day's closing price, and the market price and pre-order orders are limited to about 1 hour. The closing price of ENS in the BTC market the day before was 0.00047124 BTC (about 37,951 KRW).