Crypto trader Kaleo is predicting a bullish trend for XRP, stating that the sixth-largest digital asset will outperform Bitcoin. He believes that XRP is ready for another leg up after successfully retesting its diagonal resistance as support. Kaleo compares XRP's potential rally to Tron's recent surge from $0.74 to $0.85 and suggests that XRP could reach $0.60+. Fellow crypto strategist Cantering Clark is also bullish on XRP and plans to accumulate the altcoin as he believes its price structure indicates an upcoming surge.

#cryptotrading #newtokenininnovationzone #binancepizza #pepe

Tom Wann, a research analyst, tweeted this morning that Polygon’s Bridge TVL increased by 52%.

According to Wann, this recent TVL spike is due to MATIC and Lido Staked MATIC (stMATIC).

At press time, both MATIC and stMATIC experienced losses in the past 24 hours.

A crypto research analyst by the name of Tom Wann tweeted this morning that Polygon’s (MATIC) zkEVM has increased its Bridge’s Total Value Locked (TVL) by 52%. In his post, Wann added that this increase is estimated to be worth $3 million.

Wann also attributed this recent TVL spike to MATIC and Lido Staked MATIC (stMATIC), which added just over $2.1 million and $770K respectively. However, this increase in TVL was unable to positively affect both of the altcoin’s prices.

At press time, CoinMarketCap showed that both stMATIC and MATIC experienced price drops in the past 24 hours. MATIC was trading at $0.864 after its price dropped 1.47% during this period. Meanwhile, stMATIC’s 1.42% drop in price brought its price down to $0.929. Both altcoins were also down against the market leaders Bitcoin (BTC) and Ethereum (ETH).

Daily chart for MATIC/USDT (Source: TradingView)

The last week was not kind to MATIC, as its price entered into a downward spiral over the past 7 days. As a result, it lost the support of the $0.9465 support on Monday after it dropped more than 6% during the day’s trading session. In the two days that followed, bulls had attempted to defend the next key support level at $0.8593.

MATIC’s price dropped below this support level yesterday and reached a low of $0.8335. Fortunately, the bulls put up a good fight to close yesterday’s trading session back above the level at $0.8764. At press time, it seemed bears were attempting another stint at breaching this level, with MATIC’s price hanging on a thread above the support.

#BRC20 #btcordinals #memecoins #newtokenininnovationzone #crypto2023

Arthur Hayes, the founder of BitMEX exchange, has predicted a bullish future for Bitcoin despite the current reduced crypto market activity. Hayes believes that the Federal Reserve's rate hike will trigger a Bitcoin bull run as wealthy asset holders who receive interest payments from the Fed will likely purchase risk assets such as Bitcoin. He expects the real Bitcoin bull market to begin in the late third and early fourth quarter of this year. Hayes also notes that the American summer months tend to disappoint in terms of trading volumes and volatility, but he remains confident that Bitcoin will hold firm.

#newtokenininnovationzone #feedfeverchallenge

The Importance of DYOR in Crypto Investing: How to Do Your Own Research

Investing in cryptocurrencies can be a daunting task, especially when the market is volatile and misinformation spreads quickly. That's why it's crucial to do your own research (DYOR) before investing in any crypto project. In this article, we'll explore what DYOR means in the context of crypto, why it's essential, and how to go about doing your own research.

What is DYOR in Crypto?

DYOR stands for "Do Your Own Research" and is a critical step for anyone considering investing in cryptocurrencies. It involves gathering and filtering information to make informed decisions.

Why is DYOR Important?

The crypto market is full of red flags and scams, making it challenging to navigate for newcomers. By conducting your research, you can avoid making uninformed decisions that could result in significant financial losses. Additionally, doing your research can help you identify potential investment opportunities and avoid scams and rug pulls.

How to Do Your Own Research in the Crypto Market:

Conduct Fundamental Analysis: Evaluate the project's fundamentals, including its whitepapers, roadmaps, marketing strategies, teams, tokenomics, network activity, and development. This step helps you determine the project's fair value in the market and compare it to its competitors.

Perform Technical Analysis: Analyze historical price movements using technical analysis (TA) to identify patterns and trends in the market. This step can help you determine the right time to buy or sell crypto.

Conduct Social Media Analysis: Join crypto communities on different social media platforms and observe the activity and trends daily. This step helps you determine trustworthy sources of information and get a broader perspective on the project's sentiment in the community.

Takeaways:

DYOR is essential when investing in cryptocurrencies.

It involves gathering and filtering information to make informed decisions.

Fundamental analysis, technical analysis, and social media analysis are key steps in conducting your research.

Conclusion:

DYOR is critical for anyone considering investing in cryptocurrencies. By conducting your research, you can avoid scams, identify potential investment opportunities, and make informed decisions. Use the steps outlined in this article to get started with your DYOR journey and stay ahead of the game in the crypto market.

Hey, it's CryptoPatel here!

I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.

If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.

Thank you for your support, and let's continue to stay connected for more exciting content!

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Auradine, a Silicon Valley-based provider of web infrastructure solutions, has raised $81 million in a Series A funding round. The funding will be used to develop hardware and software infrastructure for decentralized applications. The round was led by venture capital firms Celesta Capital and Mayfield. Bitcoin mining company Marathon Digital Holdings also participated in the round. Auradine has deep ties to traditional technology companies as its CEO and co-founders previously held senior positions at semiconductor and cybersecurity firms. The funding and expertise from strategic investors will help Auradine build a web infrastructure platform to enable decentralized applications.

#memecoins #newtokenininnovationzone

John Deaton, a lawyer representing over 76,000 XRP token holders in the Ripple Vs SEC lawsuit, was hacked on June 4th. The hackers promoted a cryptocurrency named $LAW token, which has an almost non-existent market cap currently. Deaton took proactive measures to communicate with his Twitter followers, utilizing his daughter's account to notify them of the compromise his own account had undergone. The dissemination of false information and deceptive financial data within the crypto market poses a significant risk, given that traders often rely on guidance from influential figures in the industry. Some members of the XRP community responded positively to Deaton’s plea and went ahead to report the unauthorized access and hacking of his official Twitter handle.

#binancepizza #googleai #binancepizza #newtokenininnovationzone

A newly emerged whale has purchased a staggering 20 trillion Shiba Inu tokens worth $176.80 million, making them the fifth largest holder of SHIB. The purchase was made through four equal transactions, each adding 5 trillion SHIB to the investor's portfolio, and all transactions occurred simultaneously. Whale Alert, a blockchain data tracking platform, confirmed the purchase.

This buying spree comes amidst a flurry of significant developments within the Shiba Inu ecosystem, including the integration of SHIB payments on the UQUID shopping platform and the creation of exclusive cold wallets for SHIB in partnership with Tangem. Additionally, the Shiba Inu metaverse is set to release previews of four hubs by September.

#ETH #Binance #newtokenininnovationzone #googleai

Ontology and Uniswap are teaming up to integrate Uniswap V3 onto the Ontology EVM, which is expected to enhance user experience, scalability, and DeFi possibilities. The partnership will leverage the strengths of both platforms to create a dynamic DeFi environment, utilizing secure bridges to ensure robust cross-chain functionality.

The proposal is supported by a liquidity provision of $2 million USDT and a $1 million USDT liquidity incentive from the Ontology Foundation. This collaboration sets a precedent for future partnerships in the DeFi space, highlighting the industry's drive towards interoperability and collaboration to deliver greater value and possibilities for the global blockchain community.

#BRC20 #BTC #dyor #newtokenininnovationzone

（Cointime 16th,May）Mask Network, a leading decentralized social network, has announced an investment in The Open Network (TON) to further develop its ecosystem and provide innovative solutions for people across networks. TON is a revolutionary technology that seeks to unite all blockchains and the Web2 internet into one open network.

Mask aims to build an easy-to-use bridge between Web2 and Web3-era decentralized apps. With shared synergy between the two groups' visions, Mask will achieve deeper integration and provide DID solutions for their combined communities and beyond, contributing to the future decentralized social networks ecosystem. Mask's ambition is to become the Web3 social conglomerate building for the first billion people in Web3.

#memecoins #btcordinals #googleai #newtokenininnovationzone

#memecoin

🚨 Breaking News 🚨

Hey guys, big news in the world of cryptocurrency! Justin Sun, the founder of TRON, is taking on a new adventure and getting into memecoin trading. That's right, you heard it here first! 🤑💰🚀

If you're not familiar with memecoins, they are a type of cryptocurrency that are based on internet memes and have gained a lot of popularity recently. And now, Justin Sun is jumping on board the memecoin train!

What do you think about this news? Will Justin Sun's involvement boost the popularity and value of memecoins even further? Let us know in the comments below! 👇👇👇

#BRC20 #btcordinals #newtokenininnovationzone #crypto2023

Indonesia is implementing a new national payment system to replace Visa and Mastercard in state-owned institutions and companies. The move is part of the country's efforts to de-dollarize and protect against potential geopolitical consequences. Bank Indonesia's Head of Strategic Management and Governance Department, Dicky Kartikoyono, expects the new payment system to become widespread soon. The decision to create its own payment system is timely, according to Kartikoyono, as Southeast Asian countries should establish a safety cushion to protect businesses and citizens from increasing financial uncertainty in the West.

#BNB #newtokenininnovationzone #crypto2023 #Binance

Ribbon Finance has launched Aevo, a new on-chain platform for trading altcoins with institutional-grade liquidity providers such as Galaxy, GSR, and Orbit. The platform offers users access to leverage and hedging against tail events through call and put options. Initially, Aevo OTC will support trading across weekly, biweekly, and monthly maturities on a rotating list of 13 different altcoins, including bitcoin, ether, pepe, arbitrum, optimism, and aptos.

The platform's dynamic margin system requires liquidity providers to deposit a 30% margin in USDC and prompts market makers to deposit additional margin based on a trade's mark-to-market value. Future plans include a secondary market, more exotic options, the ability to choose counterparties, and customized margin requirements for pro traders.

#crypto2023 #googleai #newtokenininnovationzone

BTC/USDT Technical Analysis: Bearish Trend Continues

Bitcoin (BTC) is currently trading at $27,500, showing strong rejection from the retest level at $30,000 as per the chart. In our previous analysis, we recommended opening short or closing long, and we hope you followed our advice. Yesterday, we opened a short position for scalping and booked a good profit.

What's Next?

According to the chart, BTC is still bearish in the higher time frame (HTF), so we can expect it to reach $24,000 in the short term. However, it's essential to keep an eye on the $27,000 support level, which has become a strong support level.

Liquidity is also good at the $27,000 level, providing chances for a possible pump from here. However, if the support level breaks down, the next liquidity area is around $20,000.

The strong support after the $27,000 level is at $24,000, while the resistance level is at $30,500. The 50-day moving average indicates a bearish trend as BTC is currently trading below it.

On the other hand, the 200-day moving average is around $22,350, and the support is around $22,500-$24,000 levels.

Conclusion

To sum it up, BTC is currently in a bearish trend, and we expect it to reach $24,000 in the short term. However, keep an eye on the $27,000 support level, which has become a strong support level. Liquidity is good at this level, providing chances for a possible pump. Remember to always do your research before investing in any coins.

Hey, it's CryptoPatel here!

I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.

If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.

Thank you for your support, and let's continue to stay connected for more exciting content!

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#newtokenininnovationzone #BRC20 #btcordinals #memecoins #BTC

#Luna

luna

A year ago today, UST/LUNA crashed. $40 billion in value gone. BTC went from 28k to 19k.

A few lessons can be learned.

#BRC20 #btcordinals #memecoin #newtokenininnovationzone

1 Flow price is currently trading at $0.781 while witnessing a decrease of +0.39% during the intraday session.

2 Flow price is trading below 20,50,100 and 200-day EMA.

3 The 24 volume of FLOW is down by 36.48% during the time of writing.

Flow is native currency for Flow network which is a decentralized, public layer one blockchain, empowering developers to build web3 applications for mainstream adoption. Flow token is the fuel that powers the network. The uptrend for flow started at the beginning of 2023 giving a rise of approximately 118.40% from the low of $0.65 level.

The upward move of flow was corrected by the price as soon as it hit the $1.39 level due to active participation of sellers on that level. The Flow price fell to form a low at$0.65 level. Flow price consolidation phase started after the downfall, ranging between $0.85 and $1.08.

FLOW Price Might Lose Gains It Made In Year 2023

Source: FLOW/USDT by TradingView.

Recently, flow did a breakout from the consolidation zone to downside and formed a minor support at $0.760. The support of $0.85 level held price twice but the candle of 8 may pushed the price down. If bears are able to break $0.760 level, there is a higher possibility for the price to reach $0.690 level causing a downfall of approximately 8%.

Looking at the bearish momentum in the Flow price, there is a higher possibility for the price to break the recent support.if bulls are able to defend the support, there is a higher probability for pullback in the price retesting $0.85 level which will now act as resistance for the price. The price on the journey to lose its gains of year 2023 if the break of $0.76 level happens.

Flow Gains Bearish Momentum

Flow price is trading below 20,50,100 and 200-day EMA indicating strong bearish momentum in the price. RSI trades below 30 mark reaching the oversold zone. There is a chance of reversal as price reaches the oversold zone. RSI can move deep into the oversold region if a break of recent support happens.

Chaikin Money Flow score has started to rise as the current candle has turned bullish but is still below 0 mark indicating weakness still prevails in the market. Flow price has arrived at the lower band of the bollinger indicating chances of reversal. The longs/shorts ratio is 0.57 with 36.29% longs and 63.71% shorts indicating an increased position of sellers than buyers in the last 24 hours.

Conclusion:

The market structure and price action is currently bearish for Flow price as price recently did a breakout from consolidation. The technical parameters suggest that there might be a chance of pullback if bulls jump in the market to protect the support of $0.76 and gain bullish momentum.

Technical levels:

Major support: $0.76 and $0.69.

Major resistance: $0.85 and $1.08.

#flow #BRC20 #btcordinals #memecoins #newtokenininnovationzone

The TRON DAO team has declared the winners of the fourth season of the HackaTRON competition, which attracted over 625 participants from 172 projects across six tracks, including DeFi, Web3, NFT, and GameFi, as well as the new Builder and Eco-Friendly categories. The top projects in each category will receive varying amounts of USDD, with the first place in each category receiving 20,000 USDD.

The judge-selected qualifiers will have access to potential capital funding from TRON DAO Ventures and Huobi Ventures. The TRON DAO is committed to promoting the decentralization of the internet through blockchain technology and dApps, and encourages developers to participate in hackathons as a means of achieving this objective. Find out more about TRON DAO and its ecosystem at TRONDAO.org.

#newtokenininnovationzone #ETH #crypto2023 #bicasso