Top 10 blockchains by average daily active users in 7 days �

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Top 10 blockchains by average daily active users in 7 days 📊 1. Tron - 1.66 million addresses. 2. BNB Chain - 1.13 million 3. Bitcoin - 659 thousand. A closes the Near trend, which is in last place 🥲

Top 10 blockchains by average daily active users in 7 days 📊
1. Tron - 1.66 million addresses.
2. BNB Chain - 1.13 million
3. Bitcoin - 659 thousand.
A closes the Near trend, which is in last place 🥲

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⚠️ Exploring the Impact of Elon Musk on Dogecoin and Other Meme Coins ♦️ PEPE Coin PEPE was perhaps one of the standout meme coins of 2023. Amidst the chaos in the cryptocurrency markets, PEPE truly shone and caused a spike in Ethereum network fees during that period. By March 2024, PEPE was clearly capitalizing on the meme coin frenzy. Today, PEPE continues to trade, albeit far from its all-time high (ATH). As of this writing, PEPE has seen a 1% increase in the last 24 hours, trading at $0.00000747. It’s also worth noting that PEPE has surged over 50% in the past seven days. Additionally, PEPE’s market cap has returned to $3.15 billion, reclaiming its third-place position from WIF. PEPE’s 24-hour trading volume was $1.2 billion, which represents a 2.75% decrease from the previous day. ♦️ Floki Coin FLOKI was one of the stars of the March 2024 bull run. Over the past year, FLOKI has delighted its investors with a rise of over 2000%. However, the situation for FLOKI today doesn’t look as promising. FLOKI has fallen to a market volume of $1.7 billion after a more than 2% drop in the last 24 hours. Its 24-hour trading volume has decreased by 11%, amounting to $280 million, suggesting that investors are holding onto their cryptocurrencies rather than selling. ♦️ BONK Coin BONK, along with PEPE, was among the most notable meme coins of 2023. Amid the Solana frenzy, BONK shone brightly, leading to the creation of many millionaires. In the last year, BONK has shown a staggering 3382% increase, signaling a true frenzy. Despite a rise at the end of 2023, BONK experienced significant gains in March. Current data shows that BONK, after a 9% increase, is trading at $0.00002595. BONK’s market cap has also surpassed $1.68 billion following this rise. A potential new bull run in the future could pave the way for new rallies for BONK, showcasing significant price increases to its investors. $PEPE $FLOKI $BONK #PEPE #FLOKI #BONK

🟡 Arbitrum (ARB) Falls Below Key Support. Time to Short? Over the past 12 hours, Arbitrum (ARB) fell sharply with an 8% drop in price. Earlier, ARB had traded between a compact price range of $1.1 to $1.27. However, this recent price drop saw ARB sink to $1, as of the time of writing. This could present a low-risk shorting opportunity for intraday traders. Here’s how you can maximize this trade setup. ♦️ Bearish Sentiment in Spot & Futures Market Zooming out to ARB’s daily timeframe showed that the altcoin has been on a bearish decline since 13 March. This was after a sharp price rejection at the $2.2 price area. For the short trading opportunity, two price levels are vital for sellers. Opening a short position from the current market price ($1.09) would hit a profit target of 13% at $0.94 and a profit target of 30% at $0.74. Both price levels are vital as they represent support zones for buyers and ARB’s price could potentially rebound from those levels. Meanwhile, the chart indicators were fully bearish. The Relative Strength Index (RSI) highlighted the massive selling pressure by dipping into the oversold zone. Similarly, ARB witnessed a significant outflow of capital with the Chaikin Money Flow (CMF) dropping to -0.29, its lowest level since 12 April. The bearish sentiment was re-echoed in the futures market with ARB’s Open Interest dipping by -5.91% in the past 24 hours. A declining open interest hints at a lack of interest in the asset by market participants, reflecting bearish sentiment. Combined, ARB could experience further price dips with the $0.74 support showing the most potential for a price rebound. $ARB #ARB

⭐️ Terraform Labs to restrict US access, withdraw $23 million of liquidity following SEC ruling Terraform Labs (TFL) announced changes to its operations on April 25 in light of a recent court ruling related to the SEC’s case against the company. TFL said it expects to receive a conduct injunction soon that will bar it from certain activities in the US. The company added that it will prepare for the injunction by barring US users from accessing some products and features starting in the week of April 28. TFL called the development “frustrating” and said it is “against geoblocking as a matter of principle” but has no choice but to adapt. The policy change will not affect some projects, including Alliance, an open-source Cosmos SDK module, and the Terra blockchain itself. ♦️ Liquidity closures TFL must also withdraw liquidity from positions on various platforms due to the injunction The company said it will start withdrawing liquidity worth $23.8 million across three platforms — Astroport, Ura, and White Whale — on April 26. Each position is a LUNA pair. Terraform Labs said it would store the withdrawn LUNA tokens in a multisig account through the bankruptcy proceedings. ♦️ SEC requested injunctions The SEC filed charges against Terraform Labs in February 2023. The trial began this March, and a jury found Terra and its former CEO, Do Kwon, liable for fraud in early April. The SEC requested various injunctions against the defendants on April 19. Specifically, the SEC asked for restrictions on each party’s ability to purchase, offer, and sell crypto asset securities — including but not limited to LUNA. The SEC also said the defendants should be barred from inducing other parties into such transactions. The SEC also requested monetary fines and penalties totaling $5.3 billion Terraform continues to operate and offer certain products despite its bankruptcy and the collapse of its stablecoin, TerraUSD, which depegged from the dollar in May 2022. $LUNC $LUNA #LUNC #LUNA

⭐️ Whale-Backed PEPE Coin’s Price Jumps 50%: What’s Next? PEPE price has seen a more than 50% rise in the span of a week and is seemingly going to continue this rally. The meme coin has also received support from its whales, and this chunk of PEPE supply could be just the boost it needs. 🔺 PEPE Investors See Potential PEPE price, trading at $0.00000738 at the time of writing, has witnessed massive support from its investors. These meme coin enthusiasts have added PEPE to their wallets, bolstering the ongoing rally. A very important cohort in this process has been the whales. These large wallet holders have accumulated over 3.3 trillion PEPE worth more than $24.3 million in the last two weeks, bringing their total holdings to 46.96 trillion PEPE. Their conviction has provided the meme coin with the necessary support to continue rising. This price increase is expected to continue as over 92 trillion PEPE are on the verge of becoming profitable to its investors. Worth more than $686 million, this supply was bought at between $0.00000700 and $0.00000890. Given the meme coin is currently trading at $0.00000738, it could flip this supply of PEPE into profit-bearing assets. Consequently, it would result in the altcoin witnessing further growth in price as the potential of profits would drive more investors to the coin. This would also encourage existing PEPE holders to HODL instead of sell. 🔺 PEPE Price Prediction: A Key Barrier PEPE price did manage to escape the descending wedge, but it is still facing a crucial barrier on its path to $0.00001000. The resistance level marked at $0.00000826 has been tested as both resistance supports in the past. Flipping this line into support is key, as only then can the aforementioned supply have a shot at becoming profitable. This would also enable the PEPE price to rally on and test the $0.00001007 resistance, validating the 60% target obtained by the falling wedge. $PEPE #PEPE

🟡 TRON Defies Market Downturn, Surges Over 10%: What’s Behind It? 🔺 Tron surged by 10.5% despite prevailing market downturns, showcasing resilience. 🔺 The cryptocurrency rebounded from a significant support level following Bitcoin’s fourth halving event. 🔺 Tron’s network witnessed a substantial uptick in activity, with daily active addresses increasing by 37% in a month. Amidst a backdrop of market downturns, Tron (TRX) has recently made headlines with an impressive surge of 10.5%. Tron’s recent price movements have been anything but static. While the cryptocurrency has experienced a downward trend over the past months, resulting in a significant decrease in value, it found solid ground following Bitcoin’s fourth halving. Rebounding from the crucial $0.105 level, Tron surged to $0.115, fueled by renewed buying activities, signaling renewed investor confidence. Beyond the realm of price fluctuations, Tron’s network activity has been on the rise. Data from IntoTheBlock reveals a substantial uptick, with daily active addresses climbing to 2.27 million, marking a notable 37% increase from the previous month. This surge in activity reflects a growing engagement within the Tron ecosystem, suggesting potential stability and further valuation growth for TRX. Tron‘s recent surge not only challenges prevailing market conditions but also hints at its potential to break through resistance levels. The increase in active addresses highlights the strengthening of community support and engagement, bolstering Tron’s position in the cryptocurrency landscape. Looking ahead, potential price targets post-breakout could see Tron aiming for $0.12 and then $0.144, solidifying its bullish outlook. In conclusion, Tron’s ability to withstand broader market challenges, coupled with its rising network activity and potential for overcoming resistance levels, positions TRX for continued strong performance in the cryptocurrency market. $TRX #TRX #Tron

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