Recently @Binance Square Official launched a proposal to share a list of 5 cryptocurrencies where we must include at least one of Binance's recent additions: Renzo, BounceBit, SAGA, Tensor or Wormhole. We are going to participate in#CryptoWatchMay2024 with original and valuable content 🤝🐯🧡.
• Renzo / Rez
1👨💻_ Information about Renzo;
What is Renzo?
Renzo is a Liquid Recovery Token (LRT) and Strategy Manager at EigenLayer. It is the interface to the EigenLayer ecosystem that secures Actively Validated Services (AVS) and offers higher performance than ETH staking.
The protocol abstracts all the complexity from the end user and allows easy collaboration between users and EigenLayer node operators.
2👨💻_Recent price movements;
One of the most interesting movements recently was the 18% rise. Where it went from 0.15 to 0.19
Money flow analysis (1 day) tells us that:
They bought = 319.65 million📈
They sold = 352.31 million📉
Total Influx = -32.66 million
3👨💻_ Future price predictions.
I consider it important to review the historical minimums and maximums.
Highest price that this asset has reached during its negotiation was:
📈_ $0.263812 📆 2024-04-30
Lowest price this asset has reached during trading.
📉_ $0.138789 📆 2024-05-01
With this information and the current price which is 0.18, it is more likely that it will remain between these 2 maximum and minimum values in the short term.
I will always repeat 🔁, that no one has the book 📖 to go back to the future, to know the result of the graphics.
• SAGA
1👨💻_ Information about Saga;
Saga is a Layer 1 protocol that allows developers to automatically enable dedicated parallelized and interoperable chains that elastically scale with the needs of their Web3 applications.
SagaOS is an integrated stack for developing Web3 applications.
2👨💻_Recent price movements;
One of the most interesting movements recently was the drop of 15% in 1 day and the next day another 10%, in 2 days it had a drop of approximately 25%, where it went from 3.6 to 3.1, and the next day next I reach 2.8
Money flow analysis (1 day) tells us that:
They bought (SAGA) = 4.80M📈
They sold (SAGA) = 5.40M📉
Total Influx = -600,490.00
3👨💻_ Future price predictions.
I consider it important to review the historical minimums and maximums.
📈_ Highest point: $7.82 📆 2024-04-09
📉_History low: $2.8727 📆 2024-05-01
With this information and the current price, which is 3.3, it is more likely that it will remain between these 2 short-term highs and lows.
I will always repeat 🔁, that no one has a crystal ball 🔮 to know the result of the graphs.
• Wormhole / W
1👨💻_ Information about Wormhole
Wormhole is the interoperability platform that powers multi-chain bridges and applications at scale. The platform is designed to connect different blockchains.
W is now native multi-chain on Ethereum and Layer-2 with Wormhole native token transfers (NTT)
Perfil de Binance Square = @Wormhole
2👨💻_Recent price movements;
One of the most interesting movements recently was the 13% drop, where it went from 0.76 to 0.67.
👨💻_The Money Flow Analysis (1 day) tells us that:
They bought = 77.90 M 📈
They sold = 81.79 M 📉
Total Influx = -3.90 M
3👨💻_ Future price predictions.
If you review the historical minimums and maximums.
📈_ Its highest point: $1.6088 📆 2024-04-03
📉_ All-time low: $0.4642 📆 2024-04-13
✍️_With this information and the current price, which is 0.67, it is more likely that it will remain between these 2 short-term maximum and minimum values.
I will always repeat 🔁, that no one can know the result of the graphics, and if you read that a creator confirms a result, please do not believe them, and do your own research. (DYOR)
• Tensor / Tnsr
1👨💻_ Information about Tensor
The Tensor Foundation facilitates community-led governance over Tensor protocols and helps the Tensor DAO grow and develop the Tensor ecosystem.
Tensor protocols are critical business infrastructure for NFTs built on Solana, one of the only chains with the performance, speed, and low fees needed for mass adoption.
2👨💻_Recent price movements;
If we compare with yesterday's price, it remains stable, oscillating between 5% variation, the most interesting movement recently was the 20% rise, where it went from 0.7 to 0.9.
The Analysis 👨💻of the money flow (1 day) tells us that:
They bought = 15.26 M 📈
They sold = 16.23 M📉
Total Influx = -968,685.80
3👨💻_ Future price predictions.
If you review the historical minimums and maximums.
📈_His highest point: $2.4518 📆 2024-04-08
📉_History low: $0.7467 📆 2024-05-01
👨💻_With this information and the current price which is 0.89, it is more likely that it will remain between these 2 maximum and minimum values
I will always repeat 🔁, that no one can know the result of the graphs, the market is highly volatile
• BounceBit / BB
1👨💻_ Information about BounceBit
BounceBit is a btc recovery chain with an innovative cedefi framework. Through a cefi + defi framework, bouncebit allows btc holders to earn yield through multiple sources.
The $bb token has several uses on the Bouncebit platform
Perfil de Binance Square = @BounceBit
2👨💻_Recent price movements;
Bb, it is not available in trade Spot, so we do not have information, as we did with the others.
If we visit their official website we have this option to deposit, but they do not give us information about its price.
3👨💻_ Future price predictions.
It's really difficult to predict the price of a project that hasn't been released yet.
But I will leave official information that Binance wrote about Bouncebit
Binance announced 🪧 that: the first project on Binance Megadrop will be: Bouncebit (bb), a BTC recovery chain. Users can start participating in the Bouncebit megadrop starting April 26, 2024 at 00:00:00 (UTC). The BounceBit Megadrop page is estimated to be available on the Binance app within five hours.
Today, May 6, it is available in particular on Binance Web 3, here are some images.
This event on Web 3 can give us an idea of its value.
Binance will then list BounceBit (BB) on May 13, 2024 at 10:00 (UTC) and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY trading pairs. The seed tag will be applied to BB.
For the 5th time in this post I am going to repeat it again 🔁 you can know the result of the price of a token, don't get carried away by the fomo
The sole purpose of this article is to participate in #CryptoWatchMay2024 , which was announced by @Binance Square Official , At no time do I advise an investment. Thank you very much 🤝🐯🧡