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What’s Next for DRIFT After 500% Volume Surge on Upbit?From Airdrop to Airborne | DRIFT Token Soars Like a Rocket ! The governance token DRIFT from Solana based decentralized exchange Drift Protocol is currently gaining attention after being listed on an exchange. On November 8, the South Korean exchange Upbit announced that DRIFT would be listed at 18:00 KST, with trading pairs in Bitcoin , USDT, and the Korean Won also Bianance will add DRIFTUSDT Perpetual Contract as well This development triggered a 500% increase in trading volume for DRIFT which is insane, accompanied by an 90% price rise. Now trading at $0.91, this strong surge mirrors past trends observed with other tokens listed on Upbit. In May 2024, the Drift Foundation launched DRIFT, its new governance token, through an airdrop of 120 million tokens 12% of the initial 1 billion DRIFT supply plus a bonus of 20 million tokens was included in the distribution, exceeding the original planned supply. Drift Protocol’s co founder, Cindy Leow, explained that the bonus aimed to prevent network congestion and premature sales, enhancing the user experience and rewarding loyal traders. Drift Protocol supports perpetual futures trading on the Solana Network, and DRIFT allows holders to propose and vote on governance improvements by staking. The daily chart shows the Bollinger Bands widening, indicating increased volatility around DRIFT. However, the token’s price has reached the upper BB band, signaling potential overbought conditions, as reflected in the Relative Strength Index The RSI currently stands at 78, which, being above 70, suggests an overbought asset. This indicates that DRIFT's price could undergo a short term correction, potentially dropping to $0.70. However, if buying pressure persists and profit-taking remains low, the altcoin may continue climbing, possibly surpassing $1 Alt szn just started and now is the best time for gem hunting Dont miss the train
by moonypto
UNI | UNISWAP Are we in DeFi Summer? The price of Uniswap is $6.4 today with a 24hour trading volume of 158 million dollar. This represents a 5% price increase in the last 24 hours and a 28% price increase in the past 30 days but what is UNI and what is UNI SWAP? UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.the UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote. Uniswap is a decentralized exchange that makes it easy for users to swap an ERC20 token for another ERC20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange. UNI's relative strength index of 63 shows bullish momentum is gathering steam but not yet overheated. The moving averages are aligned for more gains as well, with UNI trading above its 10day, 50day and 200day simple moving averages. Overall, the technical posture looks strong next targets are 6.5, 6.7 and "6.9" $ whats your top defi token?
Long
by moonypto
2
SUI | Sui & Mysten LabThe price of Sui is $1.34 today with a 24hour trading volume of 1 billion dollar, SUI trading on multiple exchanges is live now and the startup has closed its public round recently on KuCoin and OKX Investors who purchased the native token of the Layer 1 blockchain Sui in a public offering last month are seeing large returns now Binance accounts for 63% of Sui's spot trading volume, Bybit 16.6%, OKX 10.6%, and KuCoin 7.3% Sui is a layer one blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Mysten Labs, the original contributor to Sui, was founded by by former executives & lead architects of Meta’s Novi Research the team responsible for Diem blockchain and Move programming language: Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis... Sui listings that came in the evening on a day when the FED's interest rate decision may have put pressure on the price so no fomo it is necessary to wait for the price to accumulate in a certain range and not to act for fear of losing the opportunity
by moonypto
8
Stacks | STX The price of Stacks is $0.79 today with a 24hour trading volume of 204 million dollar. This represents a 14% price increase in the last 24 hours and a 11% price increase in the past 7 days Stacks is a crypto project on a mission to unlock the full potential of the Bitcoin network by bringing smart contracts and dApps to Bitcoin. It's designed as a Layer 1 solution that utilizes Bitcoin as its base layer. The Stacks token powers the performance of smart contracts, transaction processing, and registration of new cryptocurrencies. as you can see the chart and candles still following the uptrend and are in green zone, the RSI are above average and volume goes up which shows bulls are in control our today daily candle going to break 50 EMA line which is another bullish sign. bulls next targets are 0.83, 0.85 and 0.89. stop loss at 0.69 and 0.67 levels are necessary as well
Long
by moonypto
Akash Network | AKT AKT is pushing new boundaries in the digital currency ecosystem with its massively parabolic growth run at a time when most altcoins are still fighting their individual bears The price of Akash Network is $1.55 today with a 24hour trading volume of $4,545,800. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past two weeks. With a circulating supply of 220 Million AKT, Akash Network is valued at a market cap of $337,030,488 Akash Network is a relatively new protocol with the aim of outcompeting big tech in cloud-related offerings. The protocol has made a significant foothold since its inception, and it has been growing its ecosystem ever since The current growth appears to be triggered by some of the key fundamentals the protocol is exhibiting, including the publishing of its entire Cloudmos code base for the public to see. Investors appear intrigued that Akash Network has what it takes to solidify its foothold as a major contender in the decentralized cloud computing world. next targets are 1.7 and 1.9$ for scalpers, we invest at 0.69$ break out and here we are if you set a right target and stop loss, it could be very rewarding in crypto also if you new to trading then you can count on our experts
by moonypto
2
Radix | XRDRadix has kicked off 2023 with an impressive performance, as evidenced by XRD’s recent surge that conspicuously stood out atop the cryptocurrency charts. This surge can be attributed to the rollout of Babylon RCnet, which is Radix’s latest milestone release, incorporating novel features and capabilities for both developers and users. The price of Radix is $0.059 today with a 24hour trading volume of 10 million dollar. This represents a 15% price increase in the last 24 hours and a 35% price increase in the past 7 days Radix is a layer 1 smart contract platform that started from the problem of how to decentralize the HKEX:400 trillion global financial system and worked backwards from that objective. December was a momentous month for Radix, as it marked the launch of the highly-anticipated Babylon Betanet. This development served as an ideal launchpad, paving the way for an exciting start to 2023. with six promising projects accepted onto the 12-week program, the Radix ecosystem is poised to receive a significant boost that could prove to be immensely valuable in the long run.as the calendar flipped to February, the Radix team hit the ground running, not only to get the grant program projects up and running but also to participate in the Scrypto DeFi Challenge. With Scrypto as the native language for Radix developers, they had the opportunity to compete for a slice of the 50,000 $ prize pool.
Long
by moonypto
11
Bitget Token | BGB ( the next BNB ? )The price of Bitget Token (BGB) is $0.40 today with a 24hour trading volume of 13 million dollar. This represents a 7.7% price increase in the last 24 hours Bitget is a cryptocurrency exchange and copy trading platform founded in 2018. Bitget’s BGB token is a utility token crucial to the functioning of the Bitget ecosystem. It grants users the ability to vote on project listings, join Launchpad and Launchpool to gain access to high-quality tokens, receive fee discounts, and more on the Bitget exchange. Also, staking NYSE:BGB tokens grants holders access to a wide variety of premium benefits and savings. There are currently 1,400,000,000 BGB in circulation and a maximum of 2,000,000,000 BGB in existence. BGB will be listed on the bitfinex spot market, tradeable against usdt & usd on 25th April. The decision to list BGB on Bitfinex comes in response to the increasing demand for the token in the market. Entering 2023, BGB has experienced significant price growth over the last few months and reached an all-time high of 0.51 USDT in February. The surge in price can be attributed to several factors, including the increased adoption of the Bitget exchange and its recent efforts in building the spot trading market next targets are 0.43, 0.45 and 0.47$
Long
by moonypto
2
Zilliqa | ZIL The price of Zilliqa is $0.034 today with a 24hour trading volume of 260 million dollars . This represents a 6.6% price increase in the last 24 hours and a 12.6% price increase in the past 7 days Zilliqa is a token developed in the year 2017 Its is mainly based on the concept of Sharding and primarily aims at improving the scalability of the cryptocurrency networks as in case of Bitcoin or Ethereum. The white paper mentions that the transactions speed would be approximately a thousand times more than that of Ethereum network. Ziliqa is fast, secured and decentralized. Zilliqa’s high throughput means that you can focus on developing your ideas without worrying about network congestion, high transaction fees or security which are the key issues with legacy blockchain platforms. On 25 April, the Zilliqa mainnet would activate the Ethereum Virtual Machine compatibility. This would enable the native transfer of tokens, thus eliminating the conversion process. the EVM compatibility will make the transfer of NFTs and fungible tokens between EVM and Scilla interfaces easier. Additionally, the upgrade also aims to improve the overall speed and scalability of the network The Moving Average Convergence Divergence indicator showed that the MACD line was still above the signal line. However, a drop in the buying pressure would lead to the MACD crossing the signal line to drop further. Bulls managed to win 0.27 $ warzone and now they head to 0.36$. RSI and Vol are positive and 50 and 200 EMA going to cross each other which is another bullish signal next targets 0.35, 0.37 and 0.39$
Long
by moonypto
18
SEI | Wen Airdrop ?Every time a new token launches, there’s a surge in excitement and hope, kind of like the night before a big concert.the price of Sei is $0.21 today with a 24hour trading volume of 480 million dollar. This represents a 20% price increase in the last 24 hours with a circulating supply of 1.8 Billion SEI, Sei is valued at a market cap of 400 million dollar. Sei aims to create a blockchain that paves the way for effortless asset exchanges, according to its creators. Be it assets linked to social platforms, gaming, or even NFTs, Sei aspires to deliver the smoothest user experience.Earlier in May, Sei Labs secured $30 million in two funding rounds, with notable investors like Jump Crypto, Multicoin Capital, and Flow Traders backing them. Sei also announced a cross chain airdrop for users who participated in Atlantic 2 testing and Sei Ambassador Program. Moreover, selected active users of popular blockchains including Solana, Ethereum, Arbitrum, Polygon, BNB Chain and Osmosis are likely to be whitelisted and eligible to take part in airdrop. Atlantic and Airdrop rewards will be claimable following an initial warmup period while the Sei Ecosystem get prepared.
by moonypto
3
Is your ETH and SOL working for you !?The crypto market never sleeps which means leaving your holdings stagnant could mean missing out on significant opportunities. So it’s time to ask yourself: Are your assets maximizing their potential, or are they just gathering virtual dust? You wouldn’t leave all your money in a low interest savings account, so why do it with your crypto? The idea is to put your investments to work, so they keep earning returns without you lifting a finger. I’ll walk you through exactly how to read it and use it to your advantage. But that’s just the beginning, we’ll also be covering: -Yield strategies: A breakdown of the strategies we use to generate yield. -Pros and cons: The advantages and drawbacks of each strategy. Not sure what options are best for you? Are you letting your capital sit idle? Worried about security risks? This analysis is about to change that .I’ll show you how to maximize your returns and crush those security fears, so you can confidently put your assets to work Let's dive right in and kick things off with the ‘crowd favorite’ of yield strategies: staking Staking is exclusive to Proof of Stake (PoS) blockchains and their associated tokens. Meaning you cannot gain staking yield from Bitcoin, for example, because it is a Proof of Work (PoW) blockchain. by staking your tokens like CRYPTOCAP:ETH or CRYPTOCAP:SOL , you receive a portion of newly minted tokens, effectively earning yield while playing a vital role in securing the network. If you’re not staking, you could be missing out on significant gains, with potential returns ranging from 3% to 18% APY. that’s why many investors choose to stake their assets rather than let them sit idle Staking has become a widely adopted strategy, with staking ratios (amount staked vs. unstaked) sitting between 20% and 80% on most POS blockchains In fact, a staggering $520 billion is currently staked across the top PoS blockchains, underscoring its popularity as a method for generating additional income. Assuming an average 5% reward rate, that equates to $25 billion in staking rewards. That’s massive. Despite the appeal of earning extra income through staking, becoming a solo staker can be technically challenging which is why staking providers like Lido, Rocket Pool, and Jito have emerged. They handle network validation for the rest of us, while maximizing our staking yield. Let’s break down the pros and cons of using a staking provider: Pros: ✅ Security and efficiency: Our tokens are put to work securely and efficiently, contributing to the network’s security without us having to manage it all ourselves. ✅ Maximized rewards: We earn the majority of staking rewards without needing to handle the technical complexities, making it a hassle-free way to generate income. ✅ Liquidity retention: We receive liquid tokens as proof of our staked assets, allowing us to stay flexible and use them in other DeFi opportunities. Cons: ❌ Fees: These providers typically charge a fee ranging from 8% to 25% for their validation services, which can slightly reduce your overall yield. ❌ Smart contract risks: There are inherent risks associated with smart contracts, such as bugs and/or vulnerabilities, that could potentially impact your staked assets. By weighing these pros and cons, you can decide whether outsourcing your staking through liquid staking providers is the right strategy for you. Ok, so if that’s the case how do we go about choosing the right liquid staking provider? Here are some key factors to consider when selecting a provider: 1/ Reputation and security Track record: Look for providers with a solid track record and a strong reputation in the DeFi space. Security measures: Ensure the provider employs robust security measures, such as smart contract audits. 2/ Total volume locked TVL: Check how much liquidity your chosen provider has attracted. TVL is a quick and effective measure of the broader market's trust in a provider, as it reflects the total amount of assets currently staked or locked in their protocol, valued in dollars. Feel free to use DefiLlama, which ranks all liquid staking providers by TVL. Simply select the blockchain you’re interested in, and you’ll see the top players in the space, giving you a clear view of where the most assets are being staked and which providers are leading the market. 3/ Yield rates Competitive yields: Compare the staking yields offered by different providers. While higher yields are attractive, they should not come at the expense of security or reliability. Fee structure: Be aware of the fee structure. Liquid staking providers typically charge a small fee for their services, which can impact your overall returns. 4/ Liquidity and flexibility Liquid staking tokens (LSTs): Check if the liquid tokens issued by the provider are widely accepted across DeFi platforms and have enough liquidity. The more integration and liquidity these tokens have, the better. Redemption options: Some providers offer instant or flexible redemption options for your staked tokens, which can be crucial if you need quick access to your assets. 5/ Decentralization and governance Decentralization: Providers that are more decentralized tend to be more resilient to risks such as regulatory actions or central points of failure. Governance participation: Some providers offer governance rights with their tokens, allowing you to have a say in the protocol’s future direction. This can be an added benefit for those interested in being more involved in the ecosystem. 6/ Community and support Active Community: A strong, active community can be a good indicator of a provider’s health and future prospects. Engage with the community to gauge the level of transparency and support. so while you trading and trying to maximize your gains Its good to stake some of your HODL bag as well
Editors' picks
Education
by moonypto
2
Chainlink (LINK)Chainlink price today is $8.4 with a 24 hour trading volume of 1,7 billion dollar. LINK price is up 3% in the last 24 hours Chainlink is a framework for building Decentralized Oracle Networks that bring real world data onto blockchain networks, enabling the creation of hybrid smart contracts. These DONs provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API. for three month Link charts growing and bulls try to take 8.5,9 and 10 back. 6.5 and 7 is a dip for link and If you got lucky don't forget to buy for long hold Dont forget to watch Lex Fridman podcast with Sergey Nazarov co-founder and CEO of Chainlink too
Long
by moonypto
6
SPACE ID | ID The price of SPACE ID is $0.57 today with a 24hour trading volume of 185 million dollars. This represents a 27% price increase in the last 24 hours SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity and ID is the governance token of SPACE ID. Space ID has an ambitious roadmap for 2023. The project plans to achieve several milestones to enhance its functionality, usability and adoption: Q2 2023: Launch a merch store gated by NFTs with exclusive personalized merchandise for Space ID domain owners; initiate the launchpad for custom TLD domain names that allows communities to build and launch their own domains. Q3 2023: A SID universal domain that represents all user identities and multi-chain addresses with a colon domain syntax. Q4 2023: The SID DAO launch that enables decentralized governance of the project by ID token holders Space ID has received strong support from reputable investors and partners in the blockchain industry. The project has raised a total of HKEX:10 million in funding over two rounds. The seed round was led by Binance Labs, the venture capital arm of Binance. The strategic round was led by Polychain Capital and dao5, two prominent venture capital firms that focus on web3 innovation. Other participants in the funding rounds include Foresight Ventures and other institutions and industry leaders. next targets are 0.59, 0.63 and 0.65
Long
by moonypto
17
Internet Computer | ICP The price of ICP is $ 6.6 today with a 24hour trading volume of 122 million dollars, this represents a 17% price increase since last week and a 31% price increase since last month The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any Web 2.0 online system or service, and web3 services, including web3 social media services, without any need for centralized traditional IT such as cloud computing services. It also enables smart contracts it hosts to directly create transactions on other blockchains, which in turn enables the full end-to-end decentralization of online services and web3 The project was founded in October 2016 by Dominic Willams and has raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital... now lets talk about the chart, as you can see ICP try to break the downtrend (red lines) , the price turned up on April 27 and started a strong recovery. bulls won point of control and candles are above Ema 50 . the RSI has jumped into positive territory as well. bulls also try to hit 6.9 first then 7.5$
by moonypto
24
CARDANO | ADAThe price of ADA is $0.4 today with a 24hour trading volume of 285 million dollar. This represents a 5.7% price increase in the last 24 hours and a 12% price decline since last month Ada managed the breakout at 0.38 and had a huge buy volume and now the crucial EMAs (50, 100, and 200) accumulated between the $0.41 and $0.396 barrier accentuate the high resistance zone which needs to be breached for further recovery. RSI and most indicators shows that bulls are in control Charles Hoskinson, the founder of Cardano, announced that Atala PRISM, the project’s decentralized identity solution, is being open-core adopted by an unannounced large open source foundation. This move aims to accelerate the commercialization of decentralized identifiers and enhance the adoption of secure, private identity management.Atala PRISM is built on the Cardano blockchain, offering a unique approach to identity management where users retain ownership of their identity and have full control over the use and access of their personal data. This decentralized solution ensures that data is shared only through secure, private peer-to-peer communication channels, making it suitable for businesses, governments, and individuals. Atala PRISM offers numerous advantages for various stakeholders. Businesses can quickly onboard new customers, reduce compliance risks and costs, and deliver seamless user experiences. Governments can issue digital identities and enable instant access to public and private services. Individuals gain ownership of their identity and data, controlling how their personal information is used and accessed are you bullish on ADA or you think we talking about a stablecoin !?
Long
by moonypto
Toncoin | TON & TelegramTelegram's wallet users have the opportunity to buy, withdraw and exchange Bitcoin directly through a web interface, Toncoin (TON) has a positive reaction after the news. The price of Toncoin is $2.29 today with a 24hour trading volume of 23 million dollar. This represents a 1.5% price increase in the last 24 hours and a 2% price increase in the past 7 days Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability. Telegram users can buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments too No one know crypto and crypto community better than Pavel Durov so be ready for more good news from Telegram we have symmetrical triangle here which is bullish, 2.36 and 2.46$ are next targets
Long
by moonypto
XDC Network | XDC The price of XDC Network is $0.059 today with a 24hour trading volume of 19 million dollar. This represents a 24% price increase in the last 24 hours and a 72% price increase in the past 7 days. With a circulating supply of 14 Billion XDC, XDC Network is valued at a market cap of 822 million dollar. As XDC, the digital token for XinFin Network, exhibits a powerful display of bullish momentum, the cryptocurrency market is humming enthusiastically. XDC has increased by an incredible 93% in just two weeks, impressing traders and investors with its massive rise. The altcoin’s ascent over the past 30 days has been remarkable; it has seen a substantial 56% increase, solidifying its place as one of the market’s most exciting digital assets. The altcoin has demonstrated its strength by trading at a startling 100% premium over its January opening. XDC Network is a blockchain platform for businesses and developers who want to build decentralized apps on an efficient and scalable blockchain infrastructure. The platform is built on an enhanced Ethereum codebase and is compatible with the Ethereum Virtual Machine.In order to attain the target price of $1, analysts predict that the value of the XDC token will increase by a factor of about 24. This suggests a big potential for growth and offers a chance for investors looking for significant returns. XDC has previously shown significant price appreciation. From its lowest price of $0.050 in June 2021, the token’s value increased by slightly more than three times in just two months. In August 2021, XDC reached its highest recorded price of $0.18 thanks to this outstanding performance. Such a sharp price increase demonstrates the token’s intrinsic volatility and ability to provide substantial returns in a short amount of time. A total of 37,705,012,600 XDC coins are available, with a circulating supply of 13,851,401,350 and a market cap of $812 million for XDC.This year, the token has boomed, reaching a high of $0.050 before turning erratic, with periodic upward and downward movements. A 10% increase would allow XDC to test its 2023 highs again. Meanwhile, the blockchain project’s collaboration with the Japanese cryptocurrency trading firm SBI VC Trade to sponsor WebX 2023 coincides with the token’s price increase. Users of the XDC network anxiously anticipate an upcoming event that will reveal cutting-edge innovations, open doors to exciting possibilities, and enable interactions with influential personalities in the business. The XDC community is brimming with anticipation for the network’s bright future, and this excitement has driven the network’s price higher over the past week.
by moonypto
13
Hedera | HBAR The price of Hedera is $0.065 today with a 24hour trading volume of 180 million dollar. This represents a 15% price increase in the last 24 hours and a 22% price increase in the past 30 days. With a circulating supply of 33 Billion HBAR, Hedera is valued at a market cap of 2.1 Billion $ Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London, Wipro, and Zain Group. The Hedera Consensus Service acts as a trust layer for any application or permissioned network and allows for the creation of an immutable and verifiable log of messages. Application messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. Use HCS to track assets across a supply chain, create auditable logs of events in an advertising platform, or even use it as a decentralized ordering service. Dropp micropayments platform built on Hedera Hashgraph is selected as a service provider by the US Federal Reserve’s instant payments system FedNow. Dropp enables micropayments for small-value transactions in HBAR, USDC, and US dollar. Most indicators looks bullish and the Vol is good, now HBAR bulls ready to hit 0.072$
by moonypto
8
MKR | MAKER made itIn an impressive display of bullish momentum, Maker has witnessed a substantial gain attracting much of the market attention.the price of Maker aka MKR is 1,027 today with a 24hour trading volume of 100 million dollar. This represents a 11% price increase in the last 24 hours and a 50% price increase in the past 7 days. Maker manged to break its downtrend at 800$ (red line) and now bulls are in control most indicators are bullish and its 30% up since our first mkr analysis next targets are 1030, 1040 and 1050
Long
by moonypto
Alchemy Pay / ACH & Google2023, what a year to be a crypto trader Leading fiat-crypto payment gateway Alchemy Pay has announced its support for Google Pay, allowing Android phone users to purchase crypto directly with their bank cards. following the announcement, Alchemy Pay’s native token ( ACH ) surged up to a local high of $0.04 — recording a 66% gain in the last 24 hours. ACH has sustained an uptrend in recent times, recording a 180% gain in the 7day time frame and a cumulative of 300% over the last 30 days and the daily volume just passed half a billion dollar. Alchemy Pay had earlier inched support for Apple Pay, hence the support for Google Pay will allow iOS and Android phone users to easily purchase crypto via the app with their bank cards. On Google Pay, Alchemy Pay will provide support for purchasing crypto using the following fiat currencies: USD, EUR, KRW , SGD, AUD, TWD , TRY, CAD, JPY, AED, NZD, and HKD . Beyond Google Pay and Apple Pay, Alchemy Pay also supports payments in Mastercard and Visa across 173 countries I personally managed to buy at 0.022 after getting a confirmation out of weekly candles and took good profit at 0.044$
A
by moonypto
4
Buterin & ETH Foundation sell ETH ! but why?Is ETH price about to Fall ? Ethereum Foundation's large scale selling in recent years record and recently the Ethereum Foundation sold 15,000 ETH . In 2021, EF did sell 20,000 ETH at a high point Vitalik .eth wallet was the first to move 200 Ethereum (worth about 400k) to the US based Kraken exchange. following Buterin's transaction, the Ethereum Foundation did the same but on a much bigger scale, they shifted 15,000 ETH to Kraken as well. together with Buterin's crypto, that makes 40 million USD in fiat It seems that Buterin just sells Ethereum from time to time in more or less the same amounts , in the middle of February, he sold 210 ETH for roughly 325k in the USDC that chunk of ETH was also sold on Kraken too. Back then, Ethereum was trading at 1,545 dollar. On March 13, he moved another 200 ETH to Kraken, selling it at the price of 1,656 per coin On Friday that ETH had reached an eight month high in flows to crypto exchanges, the analytics team believes that this may be a sign of an upcoming volatility increase similar to what it was like after the collapse of FTX in early November and the Merge in mid September. In a tweet that followed, Santiment added that while "sky-high active deposits" of ETH to exchanges are the highest since November last year, ETH is now showing signs of decoupling from BTC and may be about to break above the $2,000 level. A record amount of ETH was burned at the end of this week, that was down to the meme coin season unwrapping at the moment, as you knoq the majority of meme coins like PEPE or Floki run on Ethereum and so are being actively moved with high ETH fees, providing a great opportunity to burn ETH and decrease the circulating supply. The Ethereum Foundation holds around 0.298% of the total ETH supply which in today’s market cap, that would put the value of the foundation’s ETH holdings at nearly 700 million dollar In total, the foundation said that ETH accounts for 80.5% of its crypto and non crypto holdings, many have quickly pointed out that previous large-scale ETH selloffs by the foundation have preempted market downturns. In November 2021, the foundation sold a cache of 20,000 ETH worth around $9.6 billion,this was swiftly followed by a major price correction as the market accommodated the increased circulation. it also coincided with the beginning of the 2021 ETH bear market.n fact, such selloffs by the foundation have long been connected to peaks in the ETH price cycle. and for followers of the market, both the foundation and Buterin are closely watched for the timing of their sales, which have often been on the money. Consider that in 2019, Buterin said in an interview that he had convinced the foundation to sell 70,000 ETH “basically at the top” of its price range at the time. He added that the decision had paid off and had allowed the foundation to double its funding runway. Certainly, the organization has been busy recently and has developers to pay. For example, in the first quarter of 2023, it allocated $4,370,418 across its various research, development, and community programs.the foundation is also an active investor in the wider crypto ecosystem. In this role, it needs to be prepared to make high-value purchases. Last year, the foundation took part in a $10.5 million Series A funding round for the workplace encryption startup Skiff. Skiff enables secure account creation and document sharing using an Ethereum wallet through the Ethereum Support Program, the foundation also offers grants to projects helping to build the Ethereum ecosystem. what do you think about Eth foundation strategy?
by moonypto
🔴 Be ready for 25k BTCThe price of Bitcoin is $27,460 today with a 24hour trading volume of 8.6 billion dollar. This represents a -3% price decline in the last 24 hours and a -6% price decline in the past 7 days In terms of technical analysis, it is not looking good for Bitcoin in the short term. The MACD line is below the neutral zone, indicating that there are more sellers than buyers in the market. We have a Head & Shoulders pattern completed on daily and we are testing the neckline of the one, looking for a correction to 25k in case we break below the neckline and confirm the pattern we have two important support levels, the orange line which shows the daily uptrend and blue one at 27k, bulls lost point of control at 28k and today candle is under EMA 50 Bitcoin has been underperforming since the United States inflation figures came out earlier this week. The inflation figure in the United States remains high, indicating that the Federal Reserve could continue with its interest rate hikes however, if the Federal Reserve pauses its rate hikes, assets like Bitcoin could be one of the biggest winners
Short
by moonypto
18
First Republic Bank | FRCFirst Republic stock plummets after revealing deposit exodus in March The stock of First Republic FRC dropped more than 43% Tuesday after the bank surprised investors and analysts by revealing an outflow of more than $100 billion in deposits in March. The disclosure made during the release of its first-quarter results on Monday afternoon raised new questions about the fate of a San Francisco lender that was at the center of last month's banking turmoil.the company outlined its survival strategy Monday. It said it plans to increase its insured deposits, trim the borrowings it used to cover customer withdrawals, shrink its balance sheet and reduce its workforce by 20-25% to cut expenses. It is also pursuing other “strategic” options, including a sale or raising more capital.the bank is considering divesting HKEX:50 billion to $100 billion of long-dated securities and mortgages to make an eventual capital raise easier. Its stock, which was already down more than 85% this year, was briefly halted for volatility on Tuesday. Other bank stocks also dropped, including some of First Republic's regional rivals. PacWest (PACW), a lender based in Beverly Hills that reports earnings after the market close, was down more than 6%. HomeStreet (HMST), a lender in Seattle that reported earnings Monday, sank more than 36%. analysts said First Republic faces a lot of uncertainty as it tries to recover from last month's chaos. “First Republic appears to be in a holding pattern and burning fuel,” Evercore analysts said in a new research note. Wells Fargo analysts said in a separate note that First Republic's existence "very much hangs in the balance." "The future of this company is very uncertain," added CI Roosevelt Associate Partner Jason Benowitz in an interview with Yahoo Finance. First Republic, he added, "lost so much in deposits, they have to replace that funding somehow, so they’re doing it with borrowing.” The borrowing will “really weigh on their profitability both in the reported quarter and going forward.” Wedbush lowered its earnings estimates for that very reason, noting that the heavy deposit losses would weigh on profits. “Where does First Republic go from here?” Wedbush said in its note. “Our base case is that First Republic continues to move forward as a standalone company,” referencing an earlier note in April that argued First Republic faces a "Hobson's choice." Even a sale of First Republic at $0 a share is unlikely, Wedbush said in that earlier note, because any buyer would still essentially have to pay billions to absorb the unrealized losses on its balance sheet. Carlyle Group co-founder David Rubenstein told Yahoo Finance earlier this month that the federal government will need to provide some help for First Republic to find a buyer due to this “hole” on the lender’s balance sheet. “I think First Republic Bank is clearly on a watchlist, and probably somebody at some point will buy it. But the challenge there is that it needs government assistance,” Rubenstein said earlier this month A lot of money is riding on its fate. Everyday investors have bet HKEX:245 million on First Republic stock since the fall of Silicon Valley Bank, according to Vanda Research, the third highest inflow to a specific bank stock behind Bank of America (BAC) and Charles Schwab (SCHW). It also has one of the highest levels of interest among so-called short sellers betting on the stock to decline, according to analytics firm S3 Partners, accounting for HKEX:480 million in such bets over the last 30 days. Its stock is now down more than 85% since the beginning of the year. First Republic "will be a bellwether of sentiment for the sector," Vanda said in a note last week. The new hand wringing about First Republic following the release of its first-quarter results Monday. Its first-quarter earnings of HKEX:269 million were down by 30% from the fourth quarter and 33% from the year earlier period. What surprised most observers is how many deposits it lost in March. As of March 9, the day before regulators seized Silicon Valley Bank, its deposits were $173.5 billion, down just slightly from the year end. On March 10, it began experiencing "unprecedented deposit outflows." The net total outflow by the end of March was HKEX:72 billion, but the actual number was above $100 million after stripping out a temporary infusion of HKEX:30 billion in uninsured deposits from 11 of the country’s largest banks. Those deposits have to stay at First Republic for 120 days, according to a person familiar with the rescue plan. The bank said Monday that outflows began to stabilize the week of March 27 and deposit activity "has remained stable" through April 21. Its balance as of Friday was $102.7 billion, a drop of 1.7% since the end of the quarter that the bank attributed to seasonal client tax payments. "Despite the uncertainty of the past two months, and while average account sizes have decreased, we have retained over 97% of client relationships that banked with us at the start of the first quarter," First Republic CEO Michael Roffler said on a conference call following the release of results. The company didn't take questions from analysts.
NYSE:FRCShort
by moonypto
🔴BTC | Binance Vs. SECThe SEC accused Binance US of providing trading for securities such as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. The SEC also accused Binance of providing coin-earning programs BNB Vault and Simple Earn, and staking investment plan; in addition, the SEC accused Binance of intentionally evading US supervision.affected by the SEC lawsuit against Binance, both Bitcoin and Ethereum fell by more than 4% within 1 hour; BNB fell by 8.4% ; CFX PEPE MANA FIL ICP CHZ SAND NEAR OP and some other tokens fell by more than 10%; the amount of liquidation in one hour Has exceeded 215 million US dollars and now its 300 million dollar The price of Bitcoin is $ 25,700 today with a 24hour trading volume of 13 billion dollar. This represents a -4% price decline in the last 24 hours and a -8% price decline in the past 7 days. Bitcoin's performance in 2023 has been strong so far, but declining liquidity may drag the price lower going forward.Both supply and demand valuation approaches suggest that Bitcoin is currently overvalued.From a price perspective, Bitcoin has performed quite well in 2023, particularly in light of persistent inflation and tight monetary policy. With a halving approaching in the next 12 months, speculation will inevitably shift to the potential price impact, and investors may begin positioning themselves in anticipation of this. Investors should not underestimate the extent to which cryptocurrencies are a risk asset that behaves like a proxy for liquidity, though. Absent a financial crisis, liquidity is likely to continue declining, due to both fiscal and monetary policy. This is likely to put pressure on Bitcoin's price, which may negate any potential price impact from the halving, particularly if sentiment becomes sufficiently negative.Modelling price based on supply inflation and liquidity results in supply inflation dominating price as liquidity does not exhibit a static relationship. This approach suggests that Bitcoin is currently overvalued, a situation that is likely to get worse as liquidity is withdrawn from the market in the coming months.
Short
by moonypto