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💧 Lido DAO Crashed 16% Overnight Post SEC Allegations: What’s Next The Lido DAO (LDO) token has faced allegations from the Securities and Exchange Commission (SEC) against its MetaMask officer regarding the staking feature of LDO and RPL. The SEC claims that Consensys has sold Staked tokens through unregistered transactions on the MetaMask Stake platform. After this news, a sharp selloff happened, leading the price to drop over 16% overnight. Amidst the price recovery in the last week, the token could not obtain enough strength to cross multiple barriers in a single go. Notably, near the $2 mark, a downward-sloping trendline and multiples cluster of exponential moving averages was placed. It was quite tricky for bulls to cross multiple blocks and faced a sharp selloff with strong volumes. However, the Lido DAO token was consistently retraced and might not drop ahead. Recently, it has flipped from the demand zone of $1.50 and made a double bottom there. Meanwhile, the LDO token has slipped below its key EMA’s support zone, and its previous five-day low of $2 signifies a negative outlook for the upcoming sessions. At press time, the Lido DAO (LDO) token was traded at $1.93 with an intraday drop of 13.36%, reflecting neutrality on the charts. It has a monthly return ratio of -14.90% and 15.20% yearly, reflecting short-term retracement. The pair of LDO/BTC is at 0.0000324 BTC, and the market cap is $1.76 Billion. Analysts are neutral and suggest that the LDO price may face volatile moves and might retain the $2 mark shortly. 🔸 The Lido Dao (LDO) Price Dropped Over 16% Overnight The Lido Dao token (LDO) had made consecutive doji candlesticks in the past three sessions and failed to gain momentum near the 200-day EMA mark. In yesterday’s session, SEC allegations brought negative sentiments, and sellers reactivated their strength and succeeded in their mission. After that, a long, bearish engulfing candlestick was made, which erased over 16% of gains in just a few hours. $LDO #LDO
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🔥 Top 4 Cryptocurrencies Set To Dominate In 2024 🔸 Solana (#SOL ): Revolutionizing Blockchain Scalability and Speed  Solana is well-known in the cryptocurrency world for its fast processing times. Its hybrid protocol enables much faster transaction and smart contract execution validation times. Furthermore, institutional interest in Solana has increased due to its lightning-fast transaction processing speed. Today’s live SOL price is $139.87, with around $3.4 billion traded over the past 24 hours. Analysts say SOL will hover between $135.59 and $206.43 in the remaining months of 2024. One of Solana’s main contributions includes the Proof-of-History (PoH) consensus, created by Anatoly Yakovenko. More protocol scalability is made possible by this mechanism, a factor that has contributed to the boom of DeFi apps and services in the Solana ecosystem. 🔸 Uniswap (#UNI ): Unlocking Efficiency  Uniswap has recently become the most active decentralized exchange, with an all-time trading volume of over $2 trillion. The recent release of Uniswap V3 and its patronage have shown the great strides the network has made in DEX trading efficiency. Using automated techniques to address liquidity concerns, Uniswap improves efficiency while avoiding the challenges that affected initial decentralized exchanges. Its native UNI token’s 2024 peak includes a jump to $15.40 in March 2024. The UNI price fell to $10.22 by mid-June, but analysts expect a swift recovery buoyed by growing trading activity on the DEX. 🔸 Pepe (#PEPE ): Embracing Meme Culture  Pepe offers something different in the memecoin market by continuing the heritage of the controversial and well-known Pepe the Frog. It stands out from other cryptocurrencies and gains more traction in the cryptocurrency community because of its commitment to paying tribute to this figure. PEPE wants to become one of the leading meme-based cryptocurrencies by taking advantage of the appeal of meme coins, such as Dogecoin (DOGE) and Shiba Inu (INU).
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💳 Top Financial App Enables Shiba Inu Card Payment xPortal, a crypto-based financial app on the MultiversX blockchain, has added Shiba Inu among crypto assets usable via its card service. In a Friday announcement, xPortal disclosed that it is opening new top-up avenues for its crypto debit card service. Following the update, crypto enthusiasts can now top up their cards with various crypto assets like Shiba Inu and spend them immediately. Notably, other assets xPortal added as new top-up avenues for its debit card service include Chainlink (LINK), Uniswap (UNI), popular meme coins Dogecoin (DOGE) and PEPE, and stablecoins USDT and USDC. 💬 New top up avenues available! 🗣️ Top up your card with USDT, USDC, DOGE, SHIB, LINK, UNI or PEPE and start spending in seconds. We’re making crypto spending as easy as it should be.— xPortal 🔸 xPortal Card Service Supporting Shiba Inu xPortal is a global payments app and non-custodial crypto wallet built on MultiversX (EGLD). It allows users to exchange and manage their cryptocurrencies directly from their mobile devices. The team takes pride in the wallet’s security features, arguing it is unhackable, given its on-chain 2FA. Shiba Inu enthusiasts can get xPortal’s debit card solution by downloading the app through the Apple App Store, Google Play Store, and Huawei AppGallery. The card issuance fee is free. However, a €10 bill applies for physical card delivery while a 1.49% fee applies to crypto purchases. Notably, users can get up to 5% cashback. Reacting to the announcement, a U.S.-based crypto enthusiast lamented that xPortal’s card service is unavailable to Americans. Replying to the remark, an X user offered solace that once there is a leadership change with the coming elections, the usual crypto-related restrictions on U.S. residents would be relaxed with favorable regulations. 🔺 Also Read: LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders $SHIB #Shib #Shibalnu
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😱 SEC Doesn't Allow Launch Ethereum ETF July 4th The SEC returned Forms S-1 to potential issuers of Ethereum-based ETFs with minor comments, asking them to correct the problems and resubmit applications. 🗣 The forms were returned with little comment, the source said . Issuers were asked to respond to the comments and resubmit them by July 8. 🏠 While there have been reports that ETFs could launch as early as July 4, that has now been ruled out. We don't yet know when the ETFs will launch and will only get a clearer picture once the SEC sets a deadline for final filings. However, the chances of launching in July still remain. 🔺 Also Read: LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders $ETH #ETH #ETF #SEC
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📉 Top 4 Crypto Losers Today: FET, AGIX, QNT, And NOT 🔸 Fetch.ai (#FET ) Crypto The Fetch.ai crypto price has been volatile for the whole week. The crypto started the week on a positive note and surged over 30% in the 1st half of this week. However, intense selling pressure in the last couple of sessions has eroded most gains, dragging the price to negligible gains.  Currently, the bulls are attempting to defend the weekly lows above which the price may try for a recovery. However, a break below the weekly lows of $1.37 level could drag the price towards the $1 level.  🔸 SingularityNET (#AGIX ) Crypto The SingularityNET crypto suffered the same way as FET, slumping nearly 9.5% in the last 24 hours. When writing, the crypto price was $0.61. It has a live market capitalization of $792.161 million and ranks 86th in the cryptoverse.   The daily chart shows that crypto has been recovering from previous losses following a declining channel pattern. The lower boundary of the channel has been acting as a support. 🔸 Notcoin (#NOT ) Notcoin price seemed to be reversing its course from the bullish to the bearish side. The NOT price broke down the previous support at $0.0158, which has become resistance.      The daily chart highlights a rejection from the $0.0158 level, indicating a bearish continuation in the crypto. When writing, the NOT price was exchanging hands close to $0.014, indicating an intraday drop of nearly 8%. 🔸 Quant (#QNT ) Qunat crypto has been under a free fall with no major support from the demand zones since the last week of April. The QNT price has performed negatively, losing 45.5% in the previous three months, nearly 19.3% a month, and over 6% a week.      The bulls attempted a short-lived recovery this week. However, the sellers again dominated, and the net selling pressure continued to dominate the crypto. 🔺 Also Read: LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders
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