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Floki Inu surges 21.75% in 7 days: Should you sell or wait for more gains? #notcoin #MemeWatch2024 #altcoins #BinanceLaunchpool #BTC FLOKI’s price surged significantly over the past week as interest in the token grew.Network growth declined, indicating a waning interest from new users.Floki Inu [FLOKI] has been one of the memecoins that has been competing for the top spot for quite some time. FLOKI dominates the market Despite FLOKI’s attempts to grow, new and popular entrants have continued to take away market share from the FLOKI token. However, the tides for FLOKI changed over the last week.According to CoinMarketCap’s data, FLOKI witnessed a 21.75% surge in price over the last seven days. It was the third-highest cryptocurrency that appreciated so much during this duration. Since the beginning of May, the price movement of FLOKI has largely been positive. It has shown multiple signs of higher highs and higher lows, indicative of an upcoming bullish trend. If FLOKI manages to test the $0.00023076 levels again, it could surge past the resistance and aim for the $0.00025780 level in the future.Despite the surge in FLOKI’s price, the CMF (Chaikin Money Flow) for the FLOKI token had fallen significantly to -0.12 levels. This indicated that the money flowing into FLOKI had fallen significantly.The RSI (Relative Strength Index) for FLOKI had declined materially as well, implying that the bullish momentum around the token had taken a hit.Despite the surge in price, it was seen that it was mostly long positions that were getting liquidated. This could be attributed to traders taking highly leveraged bets on FLOKI. Due to this, the sentiment of traders turned negative. According to Coinglass’ data, the number of short positions taken against FLOKI had surged in the last few days.This indicated that there was a rise in bearish sentiment, and traders were expecting FLOKI’s price to drop. Even though the price of FLOKI had surged, the Network Growth had declined significantly, suggesting that the number of new addresses using FLOKI had fallen.

Why Ethena (ENA) Is Up By 10% Today !! #notcoin #ETHETFS #altcoins #BinanceLaunchpool #BTC Ethena (ENA) experienced a significant surge in price today, of more than 10%, At the moment of writing this article, ENA is trading at $0.78, with a total market cap of almost $1.2 billion. On May 16, Ethena Labs shared that to date, the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder going to the sUSDe contract. They noted that as a result sUSDe APY is 37.2%. To date the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder As of today, the retained portion is reduced to 20%, with the remainder going to the sUSDe contract. The team noted that currently only 15% of USDe is staked in sUSDe. If the entire protocol backing generates about 7%, transferring returns from assets backing unstaked USDe to the staking contract, this will increase effective sUSDe APY to 37%. Ethena Labs notes that if the average protocol return since launch of 23%, the implied sUSDe yield would increase to about 125%. This is a direct result of the low percentage of sUSDe being stakes and as the stake rate increased, the potential increase in sUSDe will be reduced. The team also noted that as of the beginning of June, the Ethena Governance Committee will be in place with several of the leading risk management advisory businesses in the space, and at that point, the governance will play a more involved role in deciding the ongoing retention of the protocol returns.Ethena launches on Bybit next week, where USDe can be used across the platforms as collateral. BitMEX founder, Arthur Hayes recently shared his belief that ENA will reach $10.Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument – the Internet Bond.

Worldcoin (WLD) Price Plummets Amid Bearish Flag Pattern: Will Support Hold ? #notcoin #ETHETFS #altcoins #BinanceLaunchpool #BTC Worldcoin (WLD) has been in a bearish trend in the last 24 hours, experiencing a 0.63% decline to settle at $4.89 as of press time. The price touched a support level around $4.70, indicating a potential floor where buying interest re-emerges, while resistance was observed near $5.00, suggesting increased selling pressure at this level. Throughout the day, Worldcoin fluctuated, hitting an intraday low of $4.8521 and a high of approximately $4.9215. This fluctuation within a narrow range highlights the ongoing consolidation phase. The trading volume saw a substantial drop of 41.68%, decreasing to $309,208,509. This significant reduction in volume indicates waning interest or possibly a consolidation phase, contributing to the overall bearish sentiment. The Worldcoin price chart indicates a bearish flag pattern, a continuation pattern suggesting the potential for further downward movement. Currently priced at $4.899, the coin has been consolidating within a defined range. The bearish flag is characterized by parallel, downward-sloping trendlines, which typically form after a steep initial decline. Significant support levels are identified at $4.50 and $4.00, which have been tested multiple times, indicating strong buyer interest at these points. Conversely, resistance levels are around $6.00 and $7.00. The price has struggled to break above these levels, suggesting persistent selling pressure. A breakout above these resistance levels could signal a potential reversal, but the prevailing pattern indicates more downside risk. indicators provide additional insights into the bearish trend. The Relative Strength Index (RSI) is at 49.74, indicating neutral momentum. This suggests that the market is neither overbought nor oversold, but the RSI’s position points towards caution among traders. In addition, the Money Flow Index (MFI), standing at 39.88, reflects relatively low buying pressure.

Terra Luna Classic Proposal Is Inconsistent With Binance !!! #notcoin #altcoins #BinanceLaunchpool #BlackRock #BTC Terra Luna Classic developer cautioned about the proposal to transfer endpoints to the top validator platform Allnodes for accurately providing LUNC circulating supply data. The proposal under voting aims to secure an official organization or platform to host the endpoint preventing individuals from making unauthorized changes to Terra Classic supply without approval from the community. Ex-Terra Rebels developer and Hexxagon co-founder Raider took to X on May 17 to clear the air about the situation related to API created and hosted by him to track circulating supply. He revealed that Binance asked Terra Rebels for an API to provide details on the total supply and circulating supply of Terra Luna Classic.They were provided with the official LCD and FCD endpoints for supply calculation, which at the time were hosted by TFL. CoinMarketCap rejected the official endpoints and Binance asked to create an API consistent with the circulating supply definition of CoinMarketCap. “The changes I have made to the API configuration since October 2022 were made to keep the circulating supply figure as close to the CMC definition as is possible with information that was currently publicly available at the time,” said Raider. He added that the API will continue to exist as CoinMarketCap is using it. Furthermore, he has no intention to challenge the proposal to let Allnodes host official endpoints. The community will be required to persuade Binance and CoinMarketCap to a totally different API for total supply and circulating supply.LUNC price is currently up 0.5% over the last 24 hours, with the price currently trading at $0.0001077. The 24-hour high and low are $0.0001058 and $0.0001091, respectively. However, the trading volume has decreased by 35% in the past 24 hours.On the futures front, LUNC and 1000LUNC continue to see selloff pressure. Total LUNC futures are down nearly 1% in the past 24 hours, with futures on Binance fell almost 2%.

Worldcoin Open Sources Security System to Keep User Data Safe !! #notcoin #altcoins #BinanceLaunchpool #BlackRock #BTC Worldcoin’s new open-source SMPC system offers advanced protection for biometric data, highlighting how open-source approaches improve security. Worldcoin Foundation launched and open-sourced a new SMPC system.Open Source enhances security through transparency.Worldcoin hopes to align with global security regulations. Worldcoin, a crypto project co-founded by Sam Altman of OpenAI, has been facing criticism over its practices around user data protection. As the firm handles sensitive biometric data of its users, security is key, and the company has already faced a security breach in the past.In response to these criticisms, Worldcoin has taken steps towards better security. Most recently, the company has launched and open-sourced its secure multi-party computation (SMPC) system, aiming to boost the security of biometric data. Worldcoin Goes Open Source with Its Security System On Wednesday, May 15, the Worldcoin Foundation launched its secure multi-party computation (SMPC) system, now available as open-source software on GitHub. This system is designed to bolster the security of biometric data, such as iris codes, by dividing secrets into multiple parts managed by different parties. This method ensures that no single entity can decrypt the entire secret, protecting it against unauthorized access. To further boost security, Worldcoin has deleted the old iris codes after migrating to the new SMPC system. Worldcoin collaborated with technologists from TACEO and Tools for Humanity to overcome the typical scale and cost constraints associated with SMPC systems. This new implementation makes SMPC viable for large-scale biometric data protection.

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