Chainlink (LINK) and Cardano (ADA) Among Top 5 Most Active Cryptocurrencies
Chainlink and Cardano have solidified their positions as two of the most actively developed cryptocurrencies, demonstrating significant growth and development activity. Development Activity Rankings Recent data highlights that Chainlink has climbed to second place, with Hedera maintaining the top spot. The rankings are based on nonredundant project activity, averaged over the past 30 days. Hereās the current ranking of the top 10 most active cryptocurrencies: Hedera (HBAR)ChainLink (LINK)Optimis
XRP, the seventh-largest cryptocurrency by market cap, could be on the verge of a significant price surge this July if historical trends hold true. XRPās Historical Performance Points to Potential Gains Over the past two years, XRP has demonstrated remarkable performance in July, closing each month with impressive gains: July 2022: XRP saw a substantial increase, closing the month 14% higher.July 2023: XRP experienced an even more dramatic rise, closing the month with a 48% gain. The 2023 surge
šØ Crypto-Fueled LinkedIn rival Bondex (BDXN) raised over $10 million and they announced listing date. What is the listing date of BDXN? Here is the full article š
Bondex, a company positioning itself as a web3 alternative to LinkedIn that rewards users with cryptocurrency, has successfully raised over $10 million. The funding round saw participation from notable investors such as Animoca Brands, Morningstar, Dext Force Ventures, and iAngels.
Bondex aims to be a gamified version of LinkedIn, the professional social networking platform known for connecting job candidates, recruiters and companies.
What is the BDXN listing date?
Bondex team officially announced that: āBondins! We are excited to announce that the exchange listing of $BDXN will take place on July 10th, 2024.ā Also their CEO said that: āWe are thrilled to announce that our meticulous preparations will culminate in the $BDXN exchange listing on July 10th, 2024. This extra time allows us to fine-tune every detail with our partners, ensuring a precise and successful launch. We appreciate the communityās patience and support as we make these strategic adjustments. The excitement is palpable, and we canāt wait to embark on this journey together!ā
šØ These 3 Altcoins Attract the Attention of Famous Analysts! Just check it out.
Fairlead Strategies analysts have identified three altcoins that stand out against Bitcoin (BTC) according to the latest 12-week chart.
XRP, ETH, and LINK in the improving region
According to RRG analysis, XRP, ETH, and LINK have moved from the lagging (weak performance and negative momentum) region to the improving (weak performance but positive momentum) region. This shift indicates that while these three altcoins still have a relatively lower strength compared to BTC, their performance is gaining momentum.
The analysts at Fairlead Strategies stated, āUsing relative rotation graphs (RRG), we assess the cyclicality among the best-performing altcoins normalized against Bitcoin. With Chainlink, Ether, and Ripple joining the improving region, we see that several altcoins are showing less downside momentum against Bitcoin.ā
These three altcoins are losing strength
On the other hand, Dogecoin (DOGE), Solana (SOL), and Bitcoin Cash (BCH) are in the weakening (strong relative strength but negative momentum) region and are moving to the left. This suggests that these altcoins are continuing to underperform against BTC and are progressing towards the lagging (weak performance and negative momentum) region. Most of the remaining top altcoins are already in the lagging region, falling behind BTC in terms of both performance and momentum.
Ethereum Secures Major Victory as SEC Ends Investigation into Securities Sale Allegations
The SEC has concluded its investigation into Ethereum 2.0, determining that ETH sales do not constitute securities transactions. This decision follows a letter from Consensys on June 7, which sought clarity after ETH ETFs were approved in May, classifying ETH as a commodity. Consensys announced,
āToday weāre thrilled to share a significant win for Ethereum developers, technology providers, and industry participants: the SECās Enforcement Division has informed us that it is closing its investigation into Ethereum 2.0. This indicates that the SEC will not pursue charges alleging that ETH sales are securities transactions.ā
Ethereum surged over 4% overnight after the news, boosting the broader crypto market, with many projects showing positive gains over the last 24 hours. Bitcoin, however, is the notable exception, declining by 0.74% according to CryptoSlate data at the time of reporting.
Consensys heralded this development as a major triumph for Ethereum developers and the wider industry. The end of the investigation marks a critical moment for the Ethereum community, relieving them from potential regulatory actions that might have labeled ETH as a security. The SECās decision aligns with the Commodity Futures Trading Commissionās (CFTC) stance, which has consistently regarded ETH as a commodity.
aSOPR and Binary CDD Signal Possible Market Bottom for Bitcoin!
Recent on-chain data points to a potential market bottom for Bitcoin. The Adjusted Spent Output Profit Ratio (aSOPR) stands at 0.99831902, having decreased by 0.96% in the past 24 hours, suggesting that more investors are incurring losses upon selling. Such patterns are typically seen during bear market troughs.
On the other hand, the Binary Coin Days Destroyed (CDD) is at 0.14285714, indicating little activity from long-term holders in the last week. This suggests that long-term investors are largely holding onto their coins, reflecting a strong belief in a forthcoming market rebound.
šØšØ New Listing JUP price prediction! š„š„ We are writing the price expectation for $JUP , the token of the Jupiter Exchange ecosystem, which is expected to be listed on Binance and some exchanges;
Tokenomics and its distributions are as shown in the image. Based on this, the main focus may seem like 50% Team and 50% Community, but there are also its own breakdowns within the Team section.
āŖļøOnly 20% of the 50% allocated for the team will be used for the team and will not be distributed before 24 months.
āŖļø 20% of JUP tokens will be collected in a strategic reserve. This reserve will be used for future team members, future strategic investors, and past Mercurial stakeholders, the team leader wrote.
āŖļø These tokens, corresponding to a total of 4 billion, will be kept in the 4/7 Team Cold Multisig wallet and these tokens will remain locked for at least one year. He states in his article that the community must be notified at least six months in advance before any liquidity event occurs.
āŖļø On the community side, 4 billion $JUP tokens will be distributed through four separate airdrops that will take place on January 31 every year.
āŖļø 1 billion tokens will be distributed in the first airdrop, and the remaining 3 billion tokens will be held in a community cold wallet managed by 4/7 multisig.
āŖļø With this data, the total amount of $JUP at the time of TGE will be 1.35B units. (Previously it was 1.7B, it has been reduced)
šØ AltLayer (ALT) gained more than 20% in today. It was listed on Binance Launchpool. Why itās increasing?
The popular cryptocurrency experienced a strong surge following its launch earlier this month. Currently trading at $0.4452 with a market cap of $380 million, ALT has seen a weekly increase of approximately 48%.
The price surge is attributed to AltLayer's role in facilitating the distribution of recovery and scaling solutions for Ethereum developers.
Why AltLayer (ALT) is pumped?
AltLayer initiated an airdrop, distributing tokens valued at over $100 million to eligible community members. Compatible with existing scaling networks like Arbitrum, Optimism, and Polygon, AltLayer features a unique "rollup-as-a-service" for custom scaling integrations.
The initial drop included 300 million ALT tokens, slightly below a total value of $100 million.
šØšØ $OKB token suddenly dump (40%) and one of system dedected ten dormant whales depositing 176,154 OKB ($9.58M) to OKX 7 days ago.
ā”ļø 10 wallets received a total of 176,154 $OKB 4 years ago (20 Feb 2020) and they hadnāt action after that. Their wallets were sleeping
ā”ļø After for a long time, these wallets deposited all tokens to OKX on 16 Jan 2024.
ā”ļø Based on the time, these wallets may belong to one entity. It is unclear if they may be related to the dump, but the movement is very suspicious
Dogecoin (DOGE), frequently championed by tech magnate Elon Musk, has recently experienced a noteworthy surge of 9% in its value.
This uptick coincides with the unveiling of a new "XPayments" account by Musk's company X, sparking deliberations within financial and cryptocurrency circles about the potential impact of this development on Dogecoin's recent bullish performance.
Dogecoin's Price Momentum
The value of Dogecoin, a renowned memecoin, surged to $0.08432, marking an impressive 9% escalation. Commencing with a rapid 5% ascent, a notable feat in the dynamic cryptocurrency market, Dogecoin was trading around $0.79 prior to this surge.
X Payments Integration Predictions
The surge in Dogecoin's value appears intricately linked to recent strides made by Elon Musk's company X. The introduction of the "Payments" account signifies a pivotal step in X's strategy to innovate within the financial technology sector. This initiative aims to streamline and enhance the efficiency of digital transactions, prioritizing user-friendly and secure payment solutions.
While specific details regarding the integration of cryptocurrencies into X's "Payments" account have not yet been disclosed, speculation among investors and analysts has been fueled by the timing of Dogecoin's price surge following this announcement. Elon Musk's track record of endorsing Dogecoin over more established cryptocurrencies, such as Bitcoin, combined with his influential role in the crypto space as the owner of X, has heightened expectations that Dogecoin might play a significant role in this new payment system.
This surge in Dogecoin's value serves as a testament to the interconnected nature of cryptocurrency markets with major industry developments, particularly those spearheaded by influential figures like Elon Musk and his ventures. As the cryptocurrency landscape continues to evolve, the relationship between notable announcements and market performances remains a captivating aspect for both seasoned investors and newcomers alike.
Can DOGE be used as a payment method on X (Twitter)? Will DOGE be used in XPayments?
Twitter (Newly known as X), which was purchased by Elon Musk in recent years, opened a new X account called XPayments. After the opening of this account, many people were faced with claims that $DOGE could be a payment method in X. #Doge, which is among the most talked about topics on the X platform, also saw an increase of around 12%.
Can XPayments integrate with DOGE?
Elon Musk loves the Doge community very much, but despite this, she has been silent for a long time. For many people, this silence of Elon Musk is like the calm before the storm. There's no reason why the X platform shouldn't integrate Doge. Since there is no slippage, quick payments can be made during a possible integration process.
If we look at the words used by Elon Musk in the past, we can say that this is possible. Follow us for fast market news and analysis.
Binance has initiated Launchpool for the AltLayer project but what is AltLayer? How can we buy?
AltLayer is an open and fully decentralized protocol for rollups, usable by anyone. It introduces the Restaked Rollups framework, facilitating the launch of local and reorganized rollups with Optimism and ZK rollup stacks. The ALT coin serves as AltLayer's native token, utilized for economic ties, governance, protocol incentives, and fees.
AltLayer is an open and entirely decentralized protocol for rollups. It presents a novel Restaked Rollups concept, taking rollups from any stack (such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack) and providing them with advanced security, decentralization, interoperability, and swift crypto-economic settlement in transactions. In this article, you can find answers to questions like what AltLayer is, what the native asset ALT coin represents, and how to acquire ALT coin on Binance.
What is AltLayer?
AltLayer is a fully decentralized protocol accessible to anyone, facilitating the launch of local and reorganized rollups with both Optimism and ZK rollup stacks. It introduces an innovative rollup framework called Restaked Rollups. Restaked rollups offer a common framework for application-specific rollups leveraging the rollup stacks and EigenLayer's economically bonded network for bootstrapping the network. They provide advanced security, decentralization, interoperability, and swift crypto-economic settlement for application-specific rollups benefiting from EigenLayer's reconstruction mechanism.
š„š„ Market Dynamics of XRP and Whale Movements
XRP appears to be entering a period of stagnation following recent price movements, with a focus on notable transactions by XRP whales, especially during the recent price drop.
In a recent development, a substantial XRP whale transferred approximately $15 million worth of XRP tokens to the cryptocurrency exchange Bitstamp, potentially impacting XRPās market value.
Whale Alert, renowned for tracking significant cryptocurrency transactions, reported that 25.5 million XRP were sent from an unknown wallet to Bitstamp, totaling $14.75 million. Such sizeable transfers often trigger concerns among investors as they are commonly associated with potential sell-offs.
This week witnessed ongoing whale activity, with similar substantial transfers of XRP tokens to exchanges being documented. Rumors emerged on Sunday evening about a colossal 25.6 billion XRP transfer ($14.85 billion) to Bitfinex, initially thought to be an attack. Bitfinex CTO Paolo Ardoino swiftly labeled it a āPartial Payment Attack.ā However, Whale Alert later clarified that the issue stemmed from misinterpreting Ripple node responses, contradicting the CTOās statement.
Last week, XRP experienced a surge in price to $0.60 but struggled to sustain that level. News of the recent attack reversed the gains. At the time of writing, XRP has declined to $0.58, holding a market cap of $31.16 billion, reflecting a 1.07% drop. The 24-hour trading volume also decreased by 3.65% to $948.30 million. Despite reaching $0.6223 on January 11, instilling hope for an upward trend, the subsequent decline erased a significant portion of those gains.
š Bitcoin's daily RSI hits its lowest point in four months, despite a 70% increase in $BTC price.
It's worth noting that the existing RSI levels haven't been observed since Bitcoin was valued at $25,000. āļø
BTC Price RSI Reflects $25,000 Levels: Bitcoin's price performance witnessed a 15% decline following the introduction of the United States' inaugural spot Bitcoin exchange-traded funds (ETFs). Since then, it has encountered challenges in recovering.
As traders caution about potential further downside risks, the Relative Strength Index (RSI) indicates that a reversal may be imminent. On daily timeframes, the classic momentum oscillator reached a low of 42.7 out of 100 on January 14.
During the Asian morning on Tuesday, the stablecoin TrueUSD (TUSD) witnessed a decline below its $1 peg, accompanied by an uptick in selling activity on the Binance platform.
As of 10:30 a.m. Hong Kong time, TUSD is trading around $0.985215, reaching a low of $0.9837 earlier in the day. Binance's TUSD-USDT pair recorded a total selling volume of approximately $435.4 million in TUSD within the last 24 hours. However, buy orders for TUSD on the exchange amounted to about $369.3 million, resulting in a net outflow of $66.1 million, according to data from the exchange's trading page.
Nick Ruck, Chief Operating Officer of ContentFi Labs, shared insights into the situation, noting, "The significant selloff of TUSD reflects panic among its holders regarding uncertainties surrounding its reserves and instability related to Poloniex. Following a recent hacking incident targeting Poloniex, TUSD holders are finding it increasingly challenging to maintain stability with the USD-pegged stablecoin."
Observers are speculating that the sell-off is connected to the MANTA launchpool, with reports indicating that many individuals purchased TUSD, and some opted to sell, contributing to the current market dynamics.