⚡️ If you are interested in ZK Proof Technology , then #MANTA is for you, don't miss the BIG chance !!

🔸 Manta’s new CeDeFi product is off to a bullish start, with the project attracting more than $120 million in assets within its first week.

Data from DeFiLlama shows Manta CeDeFi boasting $121.5 million in total value locked (TVL) following its debut on May 19. The impressive growth is likely spurred by Manta offering a two-month points program qualifying early adopters who deposit assets before the product surpasses a $500 million TVL for monthly MANTA airdrops.

However, Manta CeDeFi’s user base appears heavily concentrated so far, with Colin Wu, a blockchain reporter, flagging that two whale wallets are responsible for nearly $100 million worth of CeDeFi's deposits.

🔸 Exploring Zero-Knowledge Proofs (ZK)

Zero Knowledge Proofs helps provide proof about the statement without revealing any information. Many blockchain networks are using ZK Proof because it can validate multiple transactions in a single proof without compromising privacy and security. Zero Knowledge Proofs are quite complex and require some cryptographic expertise to develop a ZK-based application. Manta Network also understands the massive potential of ZK proof, but in most cases, developing ZK-based applications is not user-friendly and has lots of complexity. Manta Network solves this problem by introducing Universal circuits, a ZK-based library through which users can easily develop ZK-based applications.

🔸 Understanding Manta Network

Manta Network is designed to address some of the most pressing challenges in the blockchain and DeFi space — privacy, security, and interoperability. Its purpose is to provide a robust infrastructure for zero-knowledge applications, enabling a new era of privacy-preserving yet transparent applications in the web3 ecosystem. Manta Network’s unique approach combines the speed and decentralization of Layer 1 solutions with the scalability and EVM compatibility of Layer 2 solutions.

$MANTA #MantaRWA @MantaNetwork

🔥 We Asked ChatGPT Which Will be the Next Meme Coin to Hit $10B Market Cap !

▫️ The meme coin sector has experienced significant growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading, while newer tokens like dogwifhat (WIF) and Pepe (PEPE) gain traction through strong community support.

▫️ Analysts remain optimistic about the realm’s potential, particularly post-Bitcoin halving, which has historically triggered market surges.

🔺 Which Meme Coin May Join the Prestigious Club?

The meme coin sector has been making great strides during the latest bull cycle, with its market capitalization briefly surpassing $60 billion. The progress is thanks to popular assets such as Dogecoin (DOGE) and Shiba Inu (SHIB), which remain quite trending among investors, as well as new sensations, including dogwifhat (WIF), Bonk Inu (BONK), Pepe (PEPE), and others.

Currently, DOGE and SHIB account for over 60% of the cohort’s market capitalization, and they are the only meme coins to have ever crossed the $10 billion mark. As such, we decided to ask ChatGPT whether another asset of that type can reach the milestone.

The AI-powered chatbot estimated that success on the front can be fueled by strong community support, viral social media presence, and increased investor interest. WIF and PEPE are some of the meme coins that have gained a solid supporter base.

The dogwifhat community recently raised $650,000 to put the token’s logo on the Sphere – a famous entertainment arena in Las Vegas, Nevada. In addition, the token received backing from prominent industry participants, such as Arthur Hayes.

However, a study conducted a few months ago estimated that Shiba Inu is the meme coin with the strongest community base, while DOGE and PEPE round up the top 3 list. 

The frog-themed digital asset currently has a market cap of over $3 billion, making it the biggest contender of the leading ones.

$SHIB $DOGE $PEPE #WIF #DOGE #SHIB #PEPE

🔥 Arbitrum (ARB) Faces Potential $1 Price Drop as Investors Sell

Arbitrum (ARB) price is at risk of falling due to its failure to break a critical resistance level. Whether the price drops further depends on whether investors decide to sell for profit or hold onto their investments.

Arbitrum (ARB) price is currently vulnerable to a correction despite overall positive market signals. This vulnerability stems from ARB’s inability to surpass a crucial resistance level. The extent of any potential decline largely depends on whether investors choose to take profits. If investors refrain from selling off their holdings, it could prevent further price drops for ARB.

🔸 ARB Investors Positioned to Influence Price Amid Favorable Selling Conditions

Arbitrum (ARB) faces potential price fluctuations driven by investor actions in the near future. The Market Value to Realized Value (MVRV) ratio, currently at 10% over 30 days, indicates profitable conditions that may prompt selling activities. Historically, ARB corrections typically occur when the MVRV ranges between 7% and 23%, marking this range as a critical zone for potential market shifts.

Moreover, the Global In/Out of the Money (GIOM) indicator suggests that 1.64 billion ARB tokens, valued at over $1.8 billion, are approaching profitability. Purchased within the $1.06 to $1.16 range, ARB’s current price of $1.13 is nearing the threshold where these holdings will yield profits.

🔸 Arbitrum (ARB) Faces Critical Support and Resistance Levels

Arbitrum (ARB) is currently trading at $1.13, encountering resistance at $1.26 after failing to surpass this level. The altcoin has found support at $1.10, a level that has proven resilient in previous tests. Maintaining above $1.10 could signal potential for recovery, while a drop below it could indicate bearish sentiment ahead.

Considering the current market dynamics, there is a possibility of ARB declining below the $1.10 support level. Further selling pressure may push it down to $0.97, potentially jeopardizing ARB’s position above $1.00.

$ARB #ARB #Arbitrum

Former Binance CEO CZ Begins 4-Month Prison Sentence in California

Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world's largest cryptocurrency exchange.

Zhao, a Canadian national, pleaded guilty to violating the Bank Secrecy Act (BSA) in November. In April, a federal judge sentenced CZ to four months in prison – a much shorter sentence than the three years federal prosecutors requested, but more than other crypto executives like former BitMex CEO Arthur Hayes received for the same crime.

At a net worth of $36.5 billion, according to the Bloomberg Billionaires Index, Zhao is believed to be the richest person to ever go to prison in the U.S.

In addition to his sentence, Zhao was also fined $50 million and agreed to step down as Binance’s CEO. Binance, which pleaded guilty to money laundering and sanctions violations at the same time as Zhao, settled the charges earlier this year with $4.3 billion in fines to various federal regulators and the appointment of an independent compliance monitor.

Lompac II, where Zhao will serve his short sentence as inmate 88087-510, is a low-security prison in Santa Barbara County, on California’s central coast. According to the Bureau of Prisons’ records, there are currently 2,160 inmates at the facility.

The conditions at the prison – where some inmates work on an adjacent farm, growing produce and working with cows and horses – are in stark contrast to the notoriously dangerous facility where former FTX CEO Sam Bankman-Fried, who got a 25-year prison sentence earlier this year, is currently being held in New York.

#CZ #Changpeng

📈 Bitcoin (BTC) Reclaims $70K. Here's Why

The Bitcoin (BTC) price briefly reclaimed the $70,000 level following the release of the latest US macro data.

This came after business activity in the US manufacturing sector unexpectedly slowed down in May. The ISM Manufacturing PMI experienced a decline to 48.7 compared to 49.2 that was recorded during the previous month.

According to analyst Matt Weller, this could be another sign that the US economy could be experiencing downshifting in the second quarter.

The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low.

London-based research provider Capital Economics has also noted that the US economy is likely losing momentum. "The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low," it said.

The recent macro data might prompt the U.S. Federal Reserve to speed up the pace of rate cuts.

In the meantime, West Texas Intermediate Crude Oil (WTI) futures have now dropped to $75, the lowest level since Feb. 6.

🔸 A short-lived bounce?

After briefly regaining the $70,000, Bitcoin has pared some recent gains. This might be due to renewed selling pressure.

According to blockchain sleuth Lookonchain, four miners' addresses that had been dormant for over a decade transferred $7 million out shortly after the flagship cryptocurrency surpassed the much-coveted $70,000 level.

$BTC #BTC #Bitcoin

⭐️ Chainlink could solve today's NYSE stock market glitch as Berkshire Hathaway appears down 99%

Trading on the New York Stock Exchange (NYSE) was abruptly halted today after Berkshire Hathaway’s Class A shares experienced a dramatic 99.97% drop in value. The equity last traded at $185.10, down from $627,214.90. The halt, coded as M, was triggered due to volatility, and the cause of the sudden decline remains unclear.

In a related incident, a glitch at the NYSE operator caused volatility trading halts in about a dozen companies other companies, as reported by Bloomberg. This follows a recent pattern of technical issues affecting major exchanges. For instance, on March 18, the Nasdaq faced a three-hour disruption in premarket trading due to connectivity issues with its matching engine, as reported by the Bangkok Post.

The DTCC is currently trialing using blockchain technology with Chainlink for faster settlements of mutual funds, but it seems the stock market may need blockchain more than it knew. Chainlink’s decentralized oracle network could address such issues by providing accurate and reliable data feeds. Chainlink utilizes multiple independent data providers to ensure data accuracy and tamper-proofing, reducing the risk of single points of failure common in centralized systems. This decentralized approach enhances security and reliability, which is crucial for trading systems where timely and accurate data is essential.

Chainlink’s oracles aggregate data from various sources and use consensus mechanisms to validate information before it is fed into the blockchain. This process ensures data integrity, preventing manipulation or corruption. Additionally, Chainlink can provide real-time data verification, quickly identifying and correcting discrepancies to prevent erroneous trades and price swings.

Smart contracts supported by Chainlink can automate responses to certain conditions, such as significant stock price deviations, by halting trading or triggering alerts.

$LINK #LINK #Chainlink

🦊 Shiba Inu (SHIB) Saved? Price Makes Unexpected Return

Shiba Inu has made a substantial return to the market with a bounce off of the 50 EMA, which has been considered a strong support level for the asset. Luckily, SHIB did not let us down and performed the breakthrough many expected from it. However, there are numerous resistances ahead, so relying on a quick move up might not be the wisest decision.

The blue line or 50-day EMA has served as a dependable level of support, giving SHIB the boost it needed to try a comeback. This rebound gives traders hope for a reversal and the confidence essential to stopping the larger decline that began more than a week ago.

Another encouraging finding from the moving averages is that SHIB is currently trading above the 100-day EMA. Being above the 100 EMA, which frequently serves as a midterm trend indicator, may indicate that the overall trend is possibly turning more bullish.

Still, the 50 day EMA is above the current price and may serve as a level of resistance in the near future. There has been an increase in trading activity during the recent price movements, as indicated by the trading volume bars.

This surge in volume can indicate intense market interest and frequently follows notable price changes. But in order to overcome the current barriers and experience a prolonged upward trend, SHIB requires a steady high volume.

Furthermore, the RSI displays a value of 50. There is potential for movement in either direction because SHIB appears to be in a neutral zone, neither overbought nor oversold. An increase toward 70 on the RSI may indicate overbought conditions. For now, SHIB is located in the middle and is unlikely to give us any kind of hint about the upcoming move.

$SHIB #SHIB

📉 JASMY price dips as DWF Labs moves tokens to Binance

🔸 JASMY dips as DWF Labs sents coins to exchange

JasmyCoin’s price soared over the past three days, reaching highs of $0.04 on June 2. However, the token’s value has slipped to $0.034 as latest on-chain data indicates a leading crypto market maker has deposited a huge amount of JASMY to Binance.

According to Spot on Chain, DWF Labs has deposited millions of JASMY tokens on exchanges in the past three days.

In particular, DWF Labs’s cumulative deposits to Binance over the past three days have reached 97 million JASMY. That’s around $3.3 million worth of the popular token.

While the market maker still holds approximately 24 million JASMY worth $841,000, the token’s price has slumped each time the company sent tokens to the crypto exchange.

DWF Labs’ liquidation of such a significant holding of the token comes as a contrast to interest in memecoins. The company recently revealed its interest in adding meme coins to its portfolio.

“We are in talks with a few meme coins and willing to deploy a large amount of funds in order to let them grow faster and efficient,” DWF Labs managing partner Andrei Grachev said in a post on X.

Memecoins, including PEPE and WIF are up as a new frenzy takes hold.

🔸 JASMY price outlook: Can bulls bounce?

JasmyCoin price soared earlier this year, breaking above the crucial hurdles at $0.01 and $0.02 on the back of major news. This followed the Japan-based tokenized platform’s announcement of its incubated Decentralized Physical Infrastructure Network (DePIN) project JanctionMGT.

JASMY also surged amid reports of a partnership between Jasmy and tech giant Panasonic. However, despite the two companies’ plans around personal data and IoT, prices remained ranged until late last month.

On May 30, reports surfaced of a potentially game-changing collaboration and JASMY broke above $0.03.
Today’s slight dip after the DWF Labs transfers, the last of which hit Binance within the past 12 hours, may infuse new downside pressure.

$JASMY #JASMY

🚀 Terra Luna Classic Plans Major Upgrade

The Terra Luna Classic (LUNC) community is gearing up for the much-anticipated v3.0.1 upgrade, set to commence within a few hours. According to community member Bay Diamondhandz1, the upgrade could lead to a temporary suspension of the LUNC chain.

🔸 What Changes Will the Upgrade Bring?

This significant upgrade follows a near-unanimous decision by the Terra Luna Classic community. Garnering 99.9% approval from both members and validators, the proposal by the Terra Luna Classic Layer 1 development team, Original Labs, includes major updates like SDK 47 and other essential blockchain enhancements.

Despite this positive development, LUNC’s price dropped by 2.95% to $0.0001163 in the last 24 hours, according to data from 21milyon.com. Analysts are puzzled by this decline, as such news usually spurs a positive price reaction.

🔸 Why Is the Market Reacting Differently?

Interestingly, the market has shown positive sentiment following an agreement between the United States Securities and Exchange Commission (SEC), Terraform Labs, and Do Kwon. Observers have noted the favorable outlook towards Terra tokens amid this news.

According to a new LUNC report, the positive sentiment from the SEC agreement has led to price predictions aiming for a $1 target. The v3.0.1 upgrade protocol will require validators to replace the old binary file with the new one, aiming to enhance the Terra network’s performance and operations.

🔸 Key Insights for Investors

– The v3.0.1 upgrade is critical for LUNC’s blockchain improvements.

– Market reaction to the upgrade news has been unexpectedly negative.

– Positive sentiment is observed due to the SEC agreement involving Terraform Labs and Do Kwon.

– Binance‘s support through token burns is significant for LUNC’s price recovery.

In its recovery efforts, Terra Luna Classic has seen Binance, the world’s largest cryptocurrency exchange, burn a staggering 1.35 billion tokens as part of its internal LUNC support mechanism.

$LUNC #LUNC #TerraLunaClassic

🔓 June preview: $100 million token unlocks from Arbitrum and Aptos, plus APE, OP, and more

Here’s a preview of the significant token unlock events across the crypto space for the month of June. $100 million unlocks from Arbitrum and Aptos lead the pack, which includes significant unlocks from Optimism, StarkNet, ImmutableX, Apecoin, and more. 

June promises to be another significant month for token unlocks in the world of crypto, as significant projects unlock over $650 million worth of tokens at current prices.

Much of that sum is made up of dual $100 million unlocks from Ethereum  ETH -1.49% Layer network Arbitrum  ARB -2.81% and buzzy Layer 1 Aptos  APT -2.66%, though a wide variety of projects and protocols plan to unlock tokens in June. Here are all the significant unlocks coming up this month, according to Token Unlocks data. 

🔸 Aptos: June 12, $100 million

Aptos, one of two projects largely staffed by former members of Facebook's Libra currency project (the other one being Sui), will unlock another 2.59% of its circulating supply on May 12, 11.31 million tokens at a current value of around $100 million. 

🔸 ImmutableX: June 14, $55 million

Web3 gaming firm ImmutableX  IMX -3.62% will unlock 1.72% of its circulating supply, 25.5 million tokens at a current value of $55 million, on June 13. VanEck said last December that the release of Web3 games like Illuvium  ILV -2.85% could catapult ImmutableX into a top 25 token by market cap in 2024.  

🔸 StarkNet: June 15, $75 million

StarkNet  STRK +1.95%, the Ethereum Layer 2 network which unveiled its 2024 roadmap in March and promised to enhance throughput and reduce transaction fees, will unlock 64 million tokens on June 15, representing 5.6% of the token's circulating supply. The current value of the tokens is about $75 million. 

🔸 Arbitrum: June 16, $103 million

Arbitrum, which recently became the first Layer 2 network to hit $150 billion total volume on Uniswap, will unlock 3.2% of its circulating supply on June 16. The 92.6 million tokens have a current value of about $103 million. 

⭐️ Bitcoin post-halving run may reach $130K by September 2025

Bitcoin (BTC) could reach a cycle peak of $130,000 to $150,000 between late August to early September if it follows the trajectory of previous post-halving bull markets, according to crypto trader Peter Brandt.

The recently-passed April 20 Bitcoin halving is a coded-in event about every four years that slashes mining rewards by 50%, and halving dates have “represented almost perfect symmetry within past bull market cycles,” Brandt wrote in a June 2 report.

He claimed historically, the Bitcoin halving date has sat almost in the middle of when a bull market starts and when it reaches its peak.

The last Bitcoin bull market started about 16 months before the halving on May 11, 2020, and the cycle ended about 18 months after that, according to Brandt’s analysis.

“If this sequence continues, the next bull market cycle high should occur in late Aug/early Sep 2025,” he wrote.

Brandt added that “no method of analysis is fool-proof” when it comes to guessing Bitcoin’s cycle high, but past highs have followed a similar growth pattern and if it continues he puts a bull market high “in the $130,000 to $150,000 range.”

🔸 Chance Bitcoin has already topped

Brandt’s analysis marks Dec. 17, 2022, as the start of the current bull market. BTC traded around $16,800 then, but it has since gained over 300% to trade at $67,882, per Cointelegraph Markets Pro.

Bitcoin is down from its March 14 all-time high of $73,679, however, and Brandt believes there’s a 25% chance that Bitcoin has already hit a bull market top as each bull cycle’s gains are dropping relative to the one prior.

If BTC fails to make a new all-time high and sinks below $55,000, Brandt says he’d raise the probability that the cryptocurrency is experiencing an “exponential decay.”

$BTC #BTC #Bitcoin

🔴 Notcoin Achieves Over 350% Weekly Gains

Telegram-based cryptocurrency Notcoin (NOT), achieved a unilateral rise, pushing weekly gains above 350%. While the broader cryptocurrency market consolidated over the weekend, Notcoin (NOT) price surged an additional 40% on Sunday, reaching an all-time high of $0.027.

🔸 350% Increase in NOT

NOT is trading at $0.02373 with a market cap of $2.439 billion. In the latest rally, Notcoin’s daily trading volume increased by 220%, surpassing $4.5 billion, making it the fourth most traded cryptocurrency in the market.

Experts attribute Notcoin’s value increase to its successful integration with Telegram’s extensive user base. Although the recent airdrop was initially met with a moderate reception, it has since seen a positive turnaround reflected in the token’s price increase.

The significant growth in Notcoin network transactions parallels its rising popularity. The platform allows users to earn NOT tokens by completing simple games and tasks. Recently, Notcoin launched “earn missions,” enabling passive token accumulation and further boosting user engagement.

🔸 Whale Gains in NOT

With social media integration, Notcoin is well-positioned to capitalize on the growing play-to-earn trend. Analysts claim Notcoin price could see potential gains up to $0.1. On-chain data provider Lookonchain reported that Notcoin’s (NOT) price increased by over 400% in the past seven days.

Lookonchain highlighted that a significant investor, referred to as a whale, achieved an unrealized profit of $862,000 from NOT. This investor spent 50,550 TON ($278,000) to purchase 46.4 billion wNOT before NOT was listed.

On May 21, the whale converted all 46.4 billion wNOT into 46.4 million NOT and has since held onto it, gaining approximately $862,000. As the craze for Telegram mini-apps continues, Notcoin bulls may pursue higher price targets.

$NOT #NOT #Notcoinnews

🤔 Notcoin Price Prediction: Is a $0.1 Rise Inevitable Due to Bybit's Leadership and Market Rally?

NOT has seen significant growth, surpassing US$0.012, with a market capitalization of US$1.3 billion. Bybit responds with changes in management and compensation to users.

Over the past week, Notcoin has experienced an impressive surge of over 156%, reflecting a significant increase in investor interest and market activity. NOT is trading in a range of $0.0049 to $0.014.

$NOT #NOT #NotCoin

💥 Polygon (MATIC) Skyrockets 1,615% in Gaming Addresses as Positivity Grows

Ethereum scaling solution, Polygon (MATIC), has experienced a remarkable surge in gaming addresses, soaring by an astonishing 1,615%. This significant increase highlights the burgeoning interest and optimism surrounding Polygon's role in the gaming sector.

According to a recently released "State of Polygon Q1 2024" report by on-chain analytics firm Messari, Polygon gaming activity increased in Q1, 2024, with daily gaming addresses surging by 1,615% quarterly to 207,000, and daily gaming transactions rising by 469% in the same time frame to 734,000. The rise in activity was mostly caused by MATR1X's MATR1X FIRE game.

Several developments also boosted Polygon's gaming ecosystem: Immutable, in partnership with King River Capital and Polygon Labs, launched the $100 million Inevitable Games Fund, which focuses on the Web3 gaming ecosystem. In addition, Square Enix collaborated with Animoca Brands to expand its NFT game, Symbiogenesis, globally.

Other key metrics also highlight Polygon POS's growth: Polygon's stablecoin market value climbed to $1.5 billion, representing a 19% increase quarter over quarter, with USDT leading the stablecoin market cap at $792 million.

Outside of gaming, DeFi daily active addresses increased by 67% quarter over quarter to 50,000. NFTs and Social also saw increasing activity, albeit in far lesser quantities than gaming and DeFi.

Polygon is currently undergoing some key evolutions, adding to the optimism surrounding the blockchain. Polygon Labs, a zero-knowledge (ZK) focused software company, is creating a network of aggregated blockchains called the AggLayer, which is secured by Ethereum. The AggLayer will serve as public infrastructure, bringing together user bases and liquidity for any connected chain while also leveraging Ethereum as a settlement layer.

$MATIC #MATIC

🔥 What to Expect from DOT’s Next Price Increase

DOT traders could be in for good news soon. Over the past 90 days, Polkadot’s (DOT) price has experienced a significant decline of 23.60%.

DOT holders may soon find cause for celebration. One factor contributing to this positive outlook is the liquidation heatmap, indicating high liquidity that could potentially drive DOT’s price above $7.59. Additionally, the approval of a new project upgrade has been confirmed, which is expected to support a sustained upward trend in the long term.

Understanding DOT’s Market Dynamics and Analyst Insights
Liquidation in trading occurs when a trader’s position is closed due to price fluctuations or insufficient margin. However, tools like the liquidation heatmap help traders pinpoint areas with high liquidity, aiding in strategic decision-making for entries and exits.

Currently, Hyblock’s data highlights a liquidity concentration between $7.59 and $7.70 for Polkadot (DOT), termed as a magnetic zone where price movements are likely to gravitate.

If DOT surpasses $7.70 with increased buying pressure, further upward momentum can be expected. Conversely, if liquidation levels show a strong presence on the sell side of the order book, a price reversal could occur.

According to analyst Michaël van de Poppe, DOT has been undervalued despite its robust scalability and security features, highlighted by recent upgrades like the JAM Upgrade and focus on Real World Assets (RWA). He emphasizes DOT’s potential based on these strengths, stating:

“DOT is significantly undervalued in the blockchain space. Their recent JAM Upgrade and focus on scalability and security underline their potential in the market.”

🔸 Polkadot (DOT) Upgrade and Market Analysis

Polkadot (DOT) recently implemented the Join-Accumulate Machine (JAM) upgrade after a swift and xunanimous community vote. This upgrade aims to enhance the relay chain’s capabilities and improve interoperability with other blockchains, potentially bolstering DOT’s ecosystem.

$DOT #DOT #Polkadot

📉 Shiba Inu (SHIB) Loses 84% in Key Metric as Whales Disappear

In a recent report, data from IntoTheBlock revealed a significant decline in large transaction volumes for the meme-inspired cryptocurrency Shiba Inu (SHIB).

Over the past 48 hours, the volume of these transactions, characterized by transfers exceeding $100,000 USD, has plummeted by a striking 83.77%. This drop translates from 11.65 trillion SHIB tokens to just 1.89 trillion SHIB tokens. In monetary terms, this decline is even more pronounced, with a decrease of 85.2% from $321.63 million to $47.69 million. The price of Shiba Inu itself fell by 2.4% during this period.

The number of large transactions has also seen a dramatic decrease, falling from 584 to just 99 over the two-day period.

Large transactions are typically indicative of the actions of whales and institutional players in the market. The decline in these transactions suggests a notable reduction in the activity of these major players within the Shiba Inu ecosystem.
Shiba Inu (SHIB) price outlook

Obviously, whale activity with SHIB has decreased, which is seen as negative, but its causes may not be so. It is known that big players tend to gain positions during periods of calm in the market and on price charts.

Over the last month and a half, SHIB's price has shown significantly decreased volatility, trading mostly sideways. Despite this, the price of Shiba Inu has been registering higher and higher lows, demonstrating an uptrend. This can be seen as a positive sign.

In this context, it could be considered that the whales have finished accumulating SHIB, and some big movement is on the horizon for the token. Whether this movement will be upward or downward remains to be seen.

$SHIB #SHIB

⭐️ Could XRP hit a $3 trillion market cap? Here's when it might happen

The cryptocurrency market in 2024 has seen a surge of activity, with significant rallies for major cryptocurrencies, approvals of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), and the BTC halving event in April.

Amid these developments, XRP has garnered substantial attention. Despite being largely absent from the bull run, XRP is generating optimism due to recent legal advancements between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).

EGRAG CRYPTO, a noted analyst, recently highlighted a potential major price increase for XRP based on two key patterns: “The White Channel” and the “White Triangle.”

As of this writing, XRP trades at $0.5167. In the past 24 hours, XRP has experienced a 0.75% decline, reflecting bearish market sentiment.

XRP faces additional scrutiny with the possibility of Ripple selling 400 million XRP in June, marking the largest dump in seven years. This significant sale could impact XRP’s market dynamics and potentially slow down an expected bull rally this cycle.

Therefore, investors should consider these factors carefully, recognizing the speculative nature of such predictions and the formidable hurdles that XRP must overcome to achieve unprecedented growth.

$XRP #XRP

📣 NOT, PYTH, ICP, FIL Price Analysis: is Altcoin Season On the Horizon?

🔸 Notcoin (NOT)

According to the 4-hour chart, the buy/sell volume revealed that the bury orders remained far above the selling pressure, indicating that NOT’s price could continue rising. Evidence of this was also reflected in the Awesome Oscillator (AO).

At press time, the AO reading was positive, and the higher green bars indicated increasing upward momentum. If sustained, NOT’s price could rally to $0.025 in the short term. In addition, the 20 EMA (blue) had crossed over the 50 EMA (yellow).

This position, known as the golden cross further validated the bullish prediction. However, traders might need to watch out. If holders of NOT book profits in droves, the prediction could be invalidated and the token’s price might fall to $0.015.

🔸 Pyth Network (PYTH)

For PYTH, the Relative Strength Index (RSI) showed that the momentum was bullish. With this indicator reading, the price of the token could be gearing past the resistance at $0.45. A look at the Fibonacci levels showed that the 0.236 level was at $0.40, suggesting that PYTH had held support in this region.

On the upside, the 0.786 Fib level was positioned at $0.48. As such, if PYTH crosses the overhead resistance, the price could climb to $0.48. In a highly bullish situation, the token might rise to $0.50.

🔸 Internet Computer (ICP)

At press time, ICP’s price was $12.01. This was a notable decrease from the period that the token tried to hit $14. However, indicators showed that ICP could be on its way upward again. First off, the Moving Average Convergence Divergence (MACD) was bullish.

This suggests that the momentum around the token could be higher. However, the 12 EMA (blue) needs to rise much higher above the 26 EMA (orange) to validate this prediction. If this happens, then ICP might key into the $13.11 resistance for a start.

$NOT $ICP $PYTH #ICP #NOT #PYTH

⚠️ Solana Co-Founder Touts Open Source as Key to Fair Finance

🔸 Solana's Anatoly Yakovenko discusses open source for fairness in finance, contrasting with Buterin's (BTC) views.

SOL co-founder Anatoly Yakovenko recently made a strong case for the company’s potential to revolutionize fairness in finance. Speaking in response to Vitalik Buterin’s comments on Bitcoin’s block size debate, Yakovenko emphasized that Solana’s approach is not about competing with existing currencies or settlement layers but rather enhancing the accessibility and fairness of financial systems through technology.

🔸 Open Source Key to Solana’s Finance Vision

The discourse between Yakovenko and Buterin illuminates a broader discussion on blockchain technology’s direction. Buterin, the co-founder of ETH, revisited the contentious (BTC) block size war, pointing out that the initial debate was whether to increase the block size limit to allow more transactions and reduce fees. However, he noted that such changes might centralize the network, which contradicts Bitcoin’s foundational principle of decentralization. He argues that Bitcoin should maintain its edge as a decentralized currency, free from the heavy hand of any central authority.

In contrast, Yakovenko believes low latency and high throughput can democratize access to financial services.

According to him, Solana’s technology leverages the most affordable hardware to push the boundaries of what decentralized systems can achieve, potentially eliminating many of the inequities in traditional finance.

🔸 Solana Co-Founder Supports Meme Coin Role

Raj Gokal, another co-founder of Solana, also entered the fray with his views on meme coins’ role in the cryptocurrency ecosystem. Subtly targeting Buterin, Gokal defended the existence and growth of meme coins by emphasizing their role in the diverse landscape of permissionless systems. He argued that these coins contribute to the ecosystem by attracting different types of users and developers despite the skepticism they face from cryptocurrency purists.


$SOL #SOL

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Top DEX Altcoin Uniswap (UNI) Dips in Price After Project Delays Protocol Upgrade

Uniswap’s native asset UNI tumbled by about 9% on Friday after the decentralized exchange (DEX) announced that it had decided to punt on an important protocol upgrade.

The DEX had planned on initiating an on-chain vote on Friday to implement a proposal that would have enabled a fee mechanism to reward UNI token holders who have staked and delegated their tokens.

The upgrade aimed to reduce the burden on Uniswap Governance and to maintain the protocol’s “credible neutrality.”

In the past week, however, a stakeholder raised “a new issue relating to this work that requires additional diligence,” according to the Uniswap Foundation.

Explains the organization, “Due to the immutable nature and sensitivity of our proposed upgrade, we have made the difficult decision to postpone posting this vote. This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes.”

Uniswap is the top DEX in terms of 24-hour trading volume and monthly visits, according to CoinGecko.

Following the news, UNI dropped from $11.04 to $9.86. The altcoin is hovering close to its 24-hour lows and is trading at $9.93 at time of writing.

#UNISWAP #UNI $UNI