#NOT🔥🔥🔥
#ZkSync
#crash
The recent downturn in the cryptocurrency market has notably impacted the valuations of Notcoin $NOT and zkSync (ZK) tokens. As of press time, NOT has declined 13% in value over the last 24 hours, now trading at $0.01582.
Concurrently, $ZK has also dropped, falling by 16% to a current price of $0.2006. These shifts occur alongside a minor 1% decrease in Bitcoin’s value, though it still holds above the $65,000 support level.
NOT Price Action
Despite a recent downturn, NOT has surged by 130% over the last month, marking it as one of the standout cryptocurrencies. However, from a high of $0.021, NOT’s price fell to its current rate amid a significant three-day sell-off, as per TradingView.
This drop, coupled with a 6.26% decrease in trading volume, pushed NOT’s market cap to $1.61 billion, moving it just outside the top 50 cryptocurrencies. Presently, NOT trades 45% below its peak of $0.02896, reached 16 days ago following its listing on Binance. 
On the other hand, the Relative Strength Index (RSI) stands at 51.43, suggesting sustained buying interest and keeping NOT bullish on the RSI spectrum. This correction aligns with analyst predictions after its rapid value increase.
#Notcoin fell off from the $0.02 level and lost -13% in a few hours 📉☑️ The reason is the people who claimed their tokens after a month of staking and sold them. I'm not concerned about it so much, according to the volume bars there are not a lot of sellers. ☑️ Previous purchase volumes were more impressive. I think the market will easily buy back this wave of sales

Meanwhile, an X platform (formerly Twitter) user, W3Vibes, linked the price fall to investors selling after a month of staking. W3Vibes notes that despite the sell-off, the manageable level of selling pressure and the strong buying volumes seen previously suggest the market could still show resilience and recover.
ZK Price Action
In parallel to Notcoin, the zkSync token has also declined substantially. This drop can be traced to a significant portion of the top wallets that received the new zkSync tokens on Monday, June 17, quickly selling off their allocations.
According to data from blockchain analytics company Nansen, 41.1% of tracked addresses sold their entire airdrop allocation, while 30.3% sold at least a portion of their tokens. The combined total sold across these groups amounted to over 497 million ZK tokens.
Despite this sell-off, around 28.5% of the top receiving wallets have opted to hold onto their ZK tokens. The flurry of trading activity has contributed to a significant surge in its 24-hour trading volume, which spiked by 125.48%, reaching approximately $1,021,708,204.

Additionally, the zkSync token has a total supply of 21 billion, with a fully diluted market value exceeding $4.224 billion. Nevertheless, only 17.5% of this supply is circulating in the market, resulting in an intraday market capitalization of about $738 million, a drop from its high of more than $1.1 billion observed just after its initial debut.
Just for education purposes...
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#tonecoin
#altcoins
#NOT🔥🔥🔥
Toncoin (TON), the native token of The Open Network, has had one of the best performances this cycle. The token has hit a new all-time high (ATH) twice this Friday and flipped Ethereum’s active users this week. Market watchers believe this breakout and recent performance could set the stage for a rally toward the $10 mark.
Toncoin Sets New $8 All-Time High
Crypto analyst Ali Martinez recently said Toncoin was on the verge of a major breakout. The analyst highlighted the ascending triangle pattern on TON’s chart and suggested the token was gearing up for a 40% breakout above the $10 price range.

On Thursday night, the token successfully tested the $7.7 resistance level, surpassing its all-time high of $7.76. TON continued its uptrend in the following hours, briefly breaking above the $8 resistance level.
After setting its new ATH, Toncoin retraced below the $8 mark. TON hovered between the $7.8 and $7.9 price range before restarting its rise to a second milestone in 24 hours.

On Friday, the Telegram-integrated token soared 5% to its new ATH of $8.15. This surge represents a 9% increase from the day before. Moreover, TON displays a 7.7% and 17.6% increase in the weekly and monthly timeframes.
Is TON The New SOL?
Crypto analysts took notice of TON’s recent performance, with many believing that a double-digit target for the summer is possible. The bullish sentiment toward TON has made several analysts, including Martinez and Daan Crypto, set their next target for the token above the $10 price range.

Altcoin Sherpa said the token remains one of the “strongest charts in crypto.” The analyst had previously stated that TON’s breakout was “just a matter of time.”

Similarly, some community members think Toncoin could be the new Solana (SOL). To some, the token’s performance resembles SOL’s in the previous cycle. Crypto trader ImNotTheWolf believes “TON will become the new SOL, in terms of gains potential.”

Another market watcher highlighted the token’s strength amid the market. WiseAnalyse suggested TON is “the only strong chart out there” because of its real-life use and adoption. As reported by NewsBTC, Toncoin recently surpassed Ethereum (ETH) in daily active addresses. This feat was attributed to its integration with Telegram and its 900 million user base.
The crypto community praised Toncoin’s performance, highlighting TON’s green numbers amid the market slowdown. GeckoTerminal shared the list of the top 10 cryptocurrencies by market capitalization. Among the assets, TON is currently the only token with a positive performance in the “last 7 days carnage.”

Unchained weighed in on the matter, stating that The Open Network blockchain might be next Solana by “virtue of challenging historical smart contract leader, Ethereum.” The report highlights TON’s performance and the community’s optimism despite its gap with Solana:

While lagging behind Solana, TON’s daily active addresses have exceeded Ethereum’s figures every day except for one thus far in June. Some believe TON could close the distance in market cap with Solana.

This is not a financial advice..
But if you think that not to be late for $TON
Thrn you can put some assets wisely.
#Write2Earn!

#IOTA
$IOTA
#altcoins
#Sandbox
The Web3 Identification Solution built by the IOTA Foundation, walt.id, IDnow, Bloom Wallet, and HAVN, has been selected for this year’s European Blockchain Sandbox. The solution tokenizes all kinds of identification processes, enabling users to verify their identity in Web3 environments while maintaining control over their personal information.

We are thrilled to announce that the Web3 Identification Solution built by the IOTA Foundation with walt.id, IDnow, Bloom Wallet, and HAVN, has been selected to take part in the European Blockchain Sandbox, initiated by the European Commission. This is a testament to the solution’s innovative potential for Know-Your-Customer (KYC) processes in the Web3 environment.

The European Blockchain Sandbox
Launched in 2023, the European Blockchain Sandbox for innovative DLT use cases is an initiative by the European Commission. Every year, no more than 20 projects are selected to take part. The sandbox provides a controlled environment for testing and validating innovative DLT solutions while engaging closely with regulators from across the EU.

Being selected for the Sandbox is a significant milestone for our solution. It opens the door to regulatory discussions about KYC and privacy in a Web3 environment. This is especially relevant now that many regulators are considering their approach to decentralized finance (DeFi).

About the Solution
Traditional KYC processes have long been plagued by inefficiencies, high costs, and data privacy concerns. In collaboration with our partners, we have developed a reusable KYC system to identify Web3 users in a seamless and privacy-preserving way. Our solution enables users to maintain control over their data by leveraging distributed ledger technology (DLT) and tokenization of the KYC process.

As outlined in this blog post, the solution provides a seamless experience for Web3 identification. First, the user goes through a remote identification process with IDnow, in compliance with EU Anti-Money Laundering (AML) and KYC requirements. This process is then tokenized by walt.id and stored in the user’s Bloom wallet as a soulbound token.

The token can then be recognized by Web3 dApps and other services to confirm that the user has been identified, without revealing personal information. It can be reused in multiple identification processes and, if requested by an authorized party, the identity information can be revealed and the token can also be revoked. Additionally, the identity information can be issued in the W3C Verifiable Credential format for permissionless sharing in off-chain use cases.
About the Partners
IDnow is a leading identity verification platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.

In this project, IDnow provides the identity verification solution, which confirms the user’s identity either through a fully automated process or a human-assisted verification, depending on the specific needs of each case. Find out more here.

walt.id is a leading provider of open-source decentralized identity and wallet infrastructure already used by thousands of developers as well as governments, public authorities, DAOs, and businesses across industries.

As part of this project, walt.id provides the onboarding flow in which the identity verification conducted by IDnow takes place, it securely issues ID tokens to the user’s wallet and enables dApps/apps to authenticate and verify users based on these tokens. Read more here.

Bloom is an all-in-one wallet for the IOTA, Shimmer, and EVM ecosystem. In this project, the identity token is stored in the Bloom wallet, enabling the user to prove their identity in the Web3 ecosystem.

HAVN Network specializes in the integration of hybrid blockchain technologies. HAVN provides the dedicated EVM-compatible KYC chain infrastructure, which is anchored to the Shimmer network. This enables interchain communication and transaction validation, ensuring the system’s overall efficiency and regulatory compliance. Find out more here.

Together with our partners, we continue to push the boundaries of technical and regulatory development in Web3, and we look forward to demonstrating our seamless KYC solution for DeFi and other Web3 applications.

Stay tuned for more exciting updates on our journey to revolutionizing KYC processes with the power of IOTA!

#Write2Earn!

Shiba Inu and PEPE whale transactions have surpassed 100% in 24 hours
#altcoins
#MemeWatch2024
#meme_coin
$PEPE .....$SHIB
There is an ongoing revival in the broader digital currency ecosystem, and meme coins like Shiba Inu (SHIB) and PEPE are riding the waves. At the time of writing, the meme coin ecosystem is trading up by 4.47% in 24 hours to $58,026,790,606, and Shiba Inu and PEPE are up by 2.34% and 14.07% to $0.00002246 and $0.00001367, respectively.
More correlated bullish metric
Besides the uniformity in the price surge, these meme coins have seen a triple digit in large transaction count from whales in their respective ecosystems.
Per data from crypto analytics platform IntoTheBlock, SHIB has seen a 170.84% surge in its large transactions in 24 hours, pegging the volume traded at $467.2 million. This massive whale transaction came about from 436 recorded with a total of 21.62 trillion Shiba Inu. PEPE recorded a similar boost, with large transactions soaring by 127.87% to record $174.07 million. Just like Shiba Inu, PEPE whales have conducted a total of 419 transactions north of $100,000 in 24 hours. It is worth noting that while Shiba Inu recorded a 21.62 trillion SHIB trade, PEPE has managed 13.62 trillion tokens within the same time span. A similar trend in both meme coins' bullish metrics underscores how positively correlated they are to each other. It now remains to be seen if the whale impact can help sustain ongoing growth in the long term.
Where difference lies
The correlation in the meme coin ecosystem is most beneficial to PEPE as it has almost no major internal fundamentals driving its bullish surge.
This is where the token is different from Shiba Inu, which has Shibarium, and undergoes an intensive burning campaign in its bid to give its users value in the long term. Despite these differences, both Shiba Inu and PEPE are competing for dominance, setting an almost lifelong rivalry for both tokens.

Not a financial advice
Trade and invest wisely..
#Write2Earn!

#BTC
#altcoins
#crash ......#ANALYSIS

Cryptocurrency analyst il Capo of Crypto shared in his statement what he expects from now on in the Bitcoin price.
Following the sudden decline in the cryptocurrency market today, Capo of Crypto, one of the most well-known analysts in the market and described as legendary by some, published a statement about Bitcoin.

Bitcoin price dropped almost 5% today and fell to $66,123. The decline in question was also felt on the altcoin side. Altcoins also experienced a decline at approximately similar rates to BTC.

In his last post, analyst il Capo of Crypto declared that the $67,000 level, which is of extremely high importance in his opinion, was broken downwards. However, despite this, the analyst thinks that demand still remains strong.
On the other hand, touching on his scenarios and expectations, il Capo stated that exceeding the current level of $67,000 again would be in favor of the bulls. In addition, he said that the $65,000 level is another strong support point.

According to the analyst, when the metrics are examined, the more likely scenario is that the $ 67,000 level is exceeded again, and this price movement will mean a deviation. The analyst also stated that his current position is “wait and see”.

*This is not investment advice.
Trade wisely according to your money...

Thanks
#Write2Earn!

Best gaming cryptocurrencies for June by development activity.
#TopCoinsJune2024
#altcoins #Metaverse
#GamingTokens
Gaming cryptocurrencies became popular in the previous bull market through the innovative play-to-earn model that mixed investing with entertainment. However, most games were quickly developed and launched to join the hype, financially harming gamers and investors due to flaws and unsustainable economics.

In this context, Finbold looked to the current gaming cryptocurrencies and Web3 ecosystems with the highest development activity. This could give investors and gamers insights on solid projects building Web3 games for this cycle, competing among the best.

Public data gathered from Santiment shows the top five cryptocurrency projects that fit into the gaming category. In particular, MultiversX (EGLD) stands out with 235.47 activity in the last 30 days despite a 20.5% drop.
Decentraland ($MANA ) has the second position with 144.23 and a 48.05% loss in the same period. Furthermore, Nine Chronicles Gold has 102.7, while ImmutableX (IMX) and Skale (SKL) have 76.87 and 42.83, respectively.

MultiversX ($EGLD ) leads the gaming cryptocurrencies
Notably, the leading cryptocurrency by development activity in the gaming category has recently conquered this position that belonged to Decentraland. MultiversX, formerly Elrond, has gradually increased its presence among Web3 gamers and, especially, game developers throughout the year.

Looking at a year-over-year chart on Santiment, it is notable how the project’s development activity suddenly started surging in January. The 7-day indicator jumped from 1097 to 1605 by press time, increasing 46% year-to-date.

Interestingly, MultiversX is a layer-1 blockchain competing with Ethereum (ETH), #SolanaUSTD (SOL), Cardano ($ADA ), and similar cryptocurrencies.
It stands out for its presence in gaming and is the only fully operational blockchain that has completely implemented the sharding technology for high scalability while keeping running nodes accessible with low CPU requirements.

Meanwhile, the network’s native token, EGLD, trades at 7-month lows, priced at $34.96. Nevertheless, a surging spot trading volume suggests the market interest could return to MultiversX, as suggested in the chart.

MultiversX total value locked in DeFi
From another perspective, MultiversX has managed to attract investors for its decentralized finance (DeFi) ecosystem. Essentially, the blockchain currently has $125 million in total value locked (TVL) among its protocols, ranking 39 against its competitors. Data is from DefiLlama, on June 8.

However, EGLD holds one of the best market cap-TVL ratios in the whole industry, considering a $952.5 million capitalization. The 7.54 MCap/TVL ratio suggests its token could be oversold in relation to the value its DeFi ecosystem currently has—offering a potential opportunity at these prices.

In closing, the gaming industry reached $184 billion in revenue last year, and forecasts expect it to reach $200 billion by 2024. Newzoo reported this data that highlights the 45% dominance of mobile games in 2023, for $90.5 billion.
Therefore, even a small share of this market could significantly increase the market demand for the $1 billion-capitalization MultiversX.
This article is not about any investment idea..
First do your research and trade wisely.

Thanks