Telegram bot Whale, the pioneer of burning NotCoin tokens

🔸 After waiting for a long time, the Not Coin (NOT) token was finally listed and traded in several reputable global digital currency exchanges some time ago. Since then, this token has found more uses and also started burning it. Telegram bot Whale has already been a pioneer in this field by burning 6 million NatCoin tokens worth 30 thousand dollars. Catizen has also burned 5 million tokens.

#pizzaday #Notcoin👀🔥 #Notcoin $NOT

Capital inflows into Bitcoin ETFs turned positive again

Spot Bitcoin (BTC) exchange-traded funds (ETFs) suffered a halt to their longest streak of inflows this week, however, that changed with the release of promising US consumer inflation data yesterday. The funds were reported to have had 19 consecutive days of positive inflows, the longest streak since their launch in January 2024, but saw outflows of $64.9 million and $200.3 million on Monday and particularly on Tuesday. After the release of weaker-than-expected consumer inflation data, Bitcoin rose $2,000 and investors poured $100.8 million into spot ETFs.

#BinanceTournament #BTCFOMCWatch #BTC #bitcoin $BTC

What risks threaten the meme coin market?

The market of meme coins has grown significantly since the introduction of Dogecoin in 2013, and by June 2024, its market value has reached 60 billion dollars. In March alone, the asset class accounted for $13 billion in cash trading volume on exchanges, surpassing major cryptocurrencies such as Ethereum and Solana. However, the sector faces risks. According to a recent CoinShares report, the high concentration of assets among meme coin holders highlights the risk of market manipulation and liquidity challenges.

#BTCFOMCWatch #CPIAlert #MEMECOINS $MEME

The price growth of Pepe and Bonk meme coins coincides with the overall decline of the digital currency market

🔸 Despite the general decline of the digital currency market today, meme coins Pepe (PEPE) and Bonk (BONK) experienced a significant increase with a 10% growth. It should be noted that Pepe's daily trading volume has exceeded 1.2 billion dollars and in this regard it has surpassed DOGE and other well-known meme coins.
#BTCFOMCWatch #TopCoinsJune2024 #TopCoinsJune2024 #Pepe $PEPE $MEME

Americans trying to put pressure on Nigeria and release the Binance manager

🔸 108 former US federal officials have asked US Secretary of State Antony Blinken to step up his efforts to free Tigran Gambaryan, Binance's chief operating officer, from a Nigerian prison. This group is worried about serious consequences if decisive action is not taken. Members of the US Congress have also called for more attention to this issue as a hostage situation. This request comes in the wake of growing tensions between Binance and the Nigerian government.

#Binance55thProject(IO) #BnbAth #TopCoinsJune2024 $BTC

The start of cooperation between Cardano and Argentina to expand blockchain technology

This week we saw significant progress in the adoption of blockchain technology in Argentina; Because the Cardano Foundation entered into a partnership with the Central Province of Entre Rios. This strategic alliance is a turning point for both parties; Cardano plans to tango into Argentina's dynamic cryptocurrency scene, and Entre Rios is looking for a skilled partner to lead blockchain adoption. The official signing ceremony between Governor Rogelio Frigerio and Rafael Fraga from Cardano in this South American country caused controversy. Although the details of this partnership are still unclear, there is widespread speculation in this regard.

#Binance55thProject(IO) #BnbAth #CARDANO $ADA

The price of matic increased the other day

🔸 In the last 24 hours, the price of Polygon's MATIC reached $0.74 with an increase of 3.46%. This positive trend continued last week and its price increased by 3% from $0.70 to the current price. The highest historical price of this digital currency was $2.92. The volume of Matic transactions decreased by 23% last week, but its circulating supply increased by 0.1% and reached more than 9.28 billion units. This amount constitutes 92.83% of the total supply of 10 billion units of Matic. The market value of this digital currency is currently 7.29 billion dollars and its rank in the market is 18.

#Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #MATIC $MATIC

A group of Bitcoin whales owns more than 40% of the total supply

Since mid-March, there has been a significant trend of large Bitcoin holders or "whales" accumulating more coins. New data shows that a particular group of whale addresses currently owns more than 40% of the entire Bitcoin supply. This concentration of ownership indicates greater trust and confidence among wealthy investors and institutions in the future price path of Bitcoin; Because investment sentiment towards this superior asset remains positive.
#Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved $BTC

Buying digital currency with Mastercard on Binance is possible again

🔸 After the termination of cooperation between Mastercard and Binance in August 2023, this credit card company has once again made it possible to buy digital currencies in the world's largest exchange. In addition to paying with MasterCard, the Binance brand Visa card can also be used in this exchange. It will be possible to withdraw money with MasterCard in the near future. The payments company's decision to cut ties with Binance comes as the exchange faces legal challenges in the United States. After carefully reviewing the controls and processes put in place by Binance, MasterCard has decided to allow purchases related to this exchange on its network.

#Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #mastercardcrypto $BTC

Bitcoin price stopped near $72,000

Despite the dramatic entry of the Bitcoin (BTC) exchange-traded fund (ETF) yesterday, the digital currency's price rally stalled at around $72,000 and has since fallen by around $1,000. Most altcoins are also slightly red today after yesterday's significant rally, but BNB is still above $700.
#Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved $BTC

100% growth of NotCoin price in the last 24 hours

🔸 Notcoin is still running. In the last 24 hours, the price of NotCoin increased by 100% and the weekly growth of this digital currency has reached more than 400%. Currently, the market value of NotCoin is $2,781,736,488 and this digital currency is ranked 74th in the market. NotCoin has performed the best in the market during the last day and has attracted the attention of many investors.

#Megadrop #MtGox #StartInvestingInCrypto #NOTCOIN $NOT

Why are meme coins crashing?

Meme coins like Shiba Inu, Dogwifhat and Floki are all down nearly double digits.
The social volume of these dog-themed crypto coins has plummeted even more in the past 24 hours.
Bitcoin’s lack of influence seems to play an important role in this slow decay of the crypto market.

The crypto market volatility has undeniably dropped in the past week and can be attributed to the sideways movement of Bitcoin (BTC) price. But despite this downturn, meme coins never failed to surprise investors. Of late, however, meme coins have taken a hit. In the past 24 hours, all dog-themed meme coins like Shiba Inu (SHIB), Dogwifhat (WIF), Floki (FLOKI) and others have shed nearly double-digits in market value.

Regardless of Bitcoin’s sideways move, a select few altcoins have always been volatile and moving against the bearish trend. Meme coins were one of the rebel sectors that did this. However, as noted above, SHIB is down nearly 8%, and WIF and FLOKI are also down by 10% each.
This effect seems to be applicable to the entire crypto market. The crypto market capitalization is down by $65 billion in less than a week. With the market outlook starting to look bleak, it is likely that investors pull out of risk bets and either rotate their capital into stablecoins or less risky bets. Apart from Bitcoin’s lack of volatility, this could be another reason for meme coins fumbling.

As a result, the social volume of these altcoins has also plummeted by more than 20% just int the last 24 hours. Signaling, effectively that the sentiment is also turning negative along with the decline in price.

What to expect next?

Bitcoin’s bleed is unlikely to stop until it finds a stable support level. As mentioned in previous FXStreet publications, these two key levels are roughly $63,000 and $60,000. These footholds are great buy-the-dip levels for patient buyers who missed the initial entry during the May 1 crash.

#Megadrop #MtGox #MEMECOINS $MEME $FLOKI $SHIB

UniSwap Foundation postpones vote on staking bonuses

The UniSwap Foundation, the developer of the UniSwap decentralized exchange, has postponed the important vote on May 31 regarding the UNI token staking rewards. According to the foundation's announcement on the X social network, this decision was taken due to the concern raised by one of the beneficiaries and the need to examine the proposal more closely. Dan Robinson of Paradigm Investments accused UniSwap Foundation of bowing to pressure from another investment firm. Some users also pointed out the impact of this decision on the future of decentralized governance.

#Megadrop #StartInvestingInCrypto #StartInvestingInCrypto #Uniswape $UNI

200% growth of NotCoin price in one week

🔸 The price of NotCoin increased by 40% in the last 24 hours and caused the weekly price increase of this digital currency to reach 200%. This price increase shows the widespread acceptance of this digital currency by investors. In addition, NotCoin is included in the category of digital currencies that have been most welcomed by the users of this field. These issues indicate that the price of NotCoin is likely to set a new record soon. Currently, the market value of NotCoin is $1,630,762,356 and this digital currency is ranked 74th in the market.

#Megadrop #Megadrop #StartInvestingInCrypto #NOTCOIN $NOT

#Uniswap price likely to provide buy-the-dip opportunity before rallying 45%

Uniswap (UNI) price is attempting a comeback after suffering from a 66% crash between early March and mid-April. The incoming correction will provide patient buyers an opportunity to accumulate UNI before triggering a volatile upswing.

Uniswap price sets the stage
Uniswap price triggered a mean reversion rally between May 15 and May 26, pushing UNI up by 75% to set up a local top at $11.81, roughly coinciding with the midpoint of the 66% crash noted between March 6 and April 13. An interesting observation is that the 75% rally was preceded by a month-long accumulation phase. The ongoing correction is likely going to lead the DEX token into a similar sideways movement between the $9.26 to $8.29 range.

As Uniswap price bounces from the aforementioned range, investors can expect it to take another jab at the $11.39 hurdle. A flip of this key level into a support floor will be a key development, suggesting that the bulls are in control. In such a case, UNI could surge nearly 13% and revisit the $12.97. In total, this move would constitute a 45% gain from the midpoint of the aforementioned accumulation range.

The Relative Strength Index (RSI) is close to retesting the mean level of 50 on the daily timeframe, supporting this accumulation outlook for Uniswap's price and signaling a potential bounce in the works for UNI. The Awesome Oscillator (AO) is also above its mean level of zero, hinting that bullish momentum is in control.

Supporting this uptrend is Santiment’s 30-day Market Value to Realized Value (MVRV) indicator. The 3.88% value shows that investors who purchased UNI in the past month are at an average profit of 3.88%. Even if these holders decide to sell, it would negatively impact Uniswap price’s bullish outlook. On the contrary, investors tend to accumulate when the MVRV indicator is under the zero line.
#UNISWAP $UNI

A new report shows that 6.8% of the world's population own digital currency

A new report by fintech company Triple A shows that 562 million people around the world currently own digital currencies, which shows a growth of 142 million people compared to the population of 420 million people in 2023. Accordingly, 6.8% of the world's population currently own digital currencies. Meanwhile, the population of digital currency holders in Asia has increased from 268 million people with a growth of 21% to 326 million people and has the first rank among the continents. The next ranks are held by North America, South America, Europe, Africa and Oceania respectively.

#Megadrop #StartInvestingInCrypto #ETHETFsApproved $BTC

The price of Polkadat is at a critical point and there is a possibility of its decrease to 6 dollars

Polkadot (DOT) is at an important intersection and its price is vulnerable to further declines towards $6 after encountering strong selling pressure at a key resistance level. The daily and 4-hour charts both indicate a possible continuation of the downtrend. However, the asset remains in a range between $7.4 resistance and $6.5 support. A definitive departure from this range will determine the direction of a stable trend. Analyzing market metrics along with the volatility of Polkadata prices can provide valuable insights for traders.

#Megadrop #MtGox #StartInvestingInCrypto #Polkadat $DOT

Pepe's price increased by 7.86% in the last 24 hours

During the last 24 hours, the price of Pepe (PEPE) increased by about 7.86% and reached $0.000015. This positive trend has continued over the past week with a 9% increase from $0.000014 to the current price. The trading volume of this digital currency decreased by 43% in the last week, but its circulating supply increased by 0.47% and reached more than 420.69 trillion units. This amount is almost 100% of its final supply of 420.69 trillion. Pepe's market value is in 22nd place with 6.42 billion dollars.

#StartInvestingInCrypto #PEPE $PEPE

US Representative: Bitcoin will be an important part of the future economy

🔸 Senator Cynthia Lummis, pointing to the potential of the digital currency industry in strengthening the American economy, emphasized the importance of taking advantage of these new opportunities. Along with Senator Kirsten Gillibrand and other colleagues, he has played a key role in forming a financial innovation coalition and developing a regulatory framework for the growing digital currency sector. Loomis is a longtime supporter of digital currencies and frequently informs Congress of its importance. He highlighted the use of Bitcoin (BTC) as an investment and payment tool and its growing acceptance, especially against global inflationary concerns.

#StartInvestingInCrypto

Ripple's CEO hopes for imminent approval of XRP spot ETF in the US

Brad Garlinghouse, the CEO of Ripple, recently expressed hope that the US Securities and Exchange Commission (SEC) will soon allow exchange-traded funds (ETFs) spot XRP and other major digital currencies such as Solana (SOL). ) and will approve Cardano (ADA). He criticized the current US regulatory environment for lack of transparency and added that it is only a matter of time before spot ETFs are approved. Meanwhile, the commission's recent approval of several Ethereum spot ETFs indicates a change in the institution's attitude.

#StartInvestingInCrypto