🔺 BREAKING ! Xai Vanguard is going to explode the gaming world and become the top game in the Blockchain world !!

$XAI was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.

🔸 Vanguard, currently a dedicated channel in the Xai Discord community, holds the promise of transforming into a gaming league – aptly named Vanguard – in the foreseeable future. Those with the Vanguard role and those accessing its designated channel position themselves favorably to join the League upon its anticipated launch shortly after the deployment of Final Form to the Xai mainnet.

🔸 In the forthcoming era, all gamers will seamlessly engage with blockchain technology within their gaming experiences, yet they are unlikely to be consciously aware of its integration, including the use of technologies like NFTs. The 2021 cycle of blockchain games has illuminated the immense potential inherent in this technology. However, it has also underscored the substantial challenge presented by the adoption barrier that hinders many individuals from creating and managing their first crypto-wallets. To earnestly facilitate widespread adoption, the industry must undertake substantial initiatives to relegate wallet management and blockchain.

🔸 The XAI token will serve a dual purpose on the Xai blockchain. Firstly, it will function as the designated gas token, facilitating transactions within the network. Additionally, Xai tokens will be rewarded to validator nodes for their role in validating transactions. Moreover, the Xai token will act as the primary token within the gaming ecosystem, being accepted as payment for games.

#XaiVanguardGenesis #XAI @XAI_GAMES

🟡 Justin Sun Has Exactly 1 Billion Dollars: Here Are The Altcoins He Holds

The crypto portfolio of Tron (TRX) founder Justin Sun, perhaps one of the most controversial names in the cryptocurrency world, attracts attention.

Sun, whose blockchain network is the most popular network for sending stablecoin Tether (USDT) in the world, has a large number of altcoins on different chains.

The total value of Sun's known cryptocurrency wallets at the time of this writing is $1.03 billion. The biggest part of this amount, $276 million, is its own stablecoin USDD. Then comes the fact that he is the founder with 238 million dollars.

In third place is the cryptocurrency project Bittorrent (BTT), which it bought a while ago for 117 million dollars.

Justin Sun's entire cryptocurrency portfolio is listed as follows:

USDD – $276 million
TRX – $238 million
BTT – $117 million
BTC – $98 million
USDJ – $91 million
WSTETH – $58 million
AETHUSDT – $18 million
AETHUSDC – $12 million
SHIB – $11.56 million
ETH – $9.22 million
USDT – $9 million
NFT – $8 million
WIN – $8 million
FLOKI – $5.63 million
CRV – $2.92 million
MATIC – $2.22 million
LINK – $2 million
ZRX – $1.79 million
JST – $1.61 million
HTX – $1.48 million
PEPE – 888 thousand dollars
LPT – 723 thousand dollars
SUN – 722 thousand dollars
STRX – $598 thousand
BABYDOGE – 596 thousand dollars

There has been a decrease of approximately $55 million in Sun's portfolio in the last week. At its peak, Sun's portfolio stood at approximately $7 billion.

#JustinSun @Justin Sun孙宇晨

👀 Terra’s Future After $4.47B SEC Settlement

The Terra network and its leader, Do Kwon, once reached the top of the crypto world but collapsed within days in May 2022, wiping out the savings of many everyday investors. In February 2023, the U.S. Securities and Exchange Commission (SEC) sued Kwon and his company, Terraform Labs, for selling unregistered securities and defrauding investors during Terra’s dramatic collapse.

Recently, Kwon and Terraform settled their SEC civil fraud case, agreeing to pay $4.5 billion in penalties and disgorgement. The settlement, approved by District Court Judge Jed Rakoff of the Southern District of New York on June 13, requires Terraform Labs to cease operations immediately and seek approval for a Chapter 11 liquidation plan in its bankruptcy case.

🔸 Terraform Labs Winds Down Operations Amid Legal Defeat

Terraform Labs’s current CEO, Chris Amani, asked the community on Wednesday to take over the reins of the Terra network as the company winds down. “[Terraform Labs] always intended to dissolve at some point, and that point is now,” Amani said on X (formerly known as Twitter). “We will be winding down operations completely.”

The SEC scored a major victory against Kwon and Terraform Labs two months ago when a jury found the company and its founder had conducted securities fraud through misrepresentations regarding Terra’s success and UST/LUNA stability.

Before this legal defeat, Terraform Labs and its community were well-positioned to advance the Terra ecosystem, according to Amani. However, after the significant court loss, the CEO indicated that the company “can no longer operate.”

🔸 Terraform Labs to Sell Key Projects and Transition to Community Control

Terraform Labs CEO, Chris Amani, announced that the company will sell several key projects, including the portfolio manager Pulsar Finance, the Cosmos wallet Station, and the Enterprise Protocol, which is used for creating DAOs within the Cosmos ecosystem.

$LUNC #LUNC #TERRA

📊 2 cryptocurrencies to reach $5 billion market cap in the second half of the year

🔸 Aptos (APT)

Aptos (APT) is on the verge of reaching the $5 billion market cap milestone due to its remarkable performance and expanding ecosystem.

Recently, Aptos achieved a record daily transaction volume, outpacing networks like Solana (SOL) and Sui (SUI) with its impressive 32,000 transactions per second (TPS) capability. The surge in activity is largely attributed to the game “Tapos Cat,” which significantly boosted network usage.

Despite the campaign’s end, Aptos’s integration with major partners like Microsoft (NASDAQ: MSFT), Google Cloud, and Universal Pictures demonstrates its growing influence.

Additionally, Aptos has integrated Chainlink’s CCIP and Data Feeds to boost decentralized app development. Currently priced at $7.90 with a market cap of $3.56 billion, Aptos is well-positioned to surpass the $5 billion mark.

🔸 Render (RNDR)

Render (RNDR) is another cryptocurrency poised to break the $5 billion market cap barrier. It offers innovative blockchain-based rendering services for content creators and developers.

Render has seen a steady upward trajectory, with a 23% increase in the past month and a 5% rise in the last week. The success of Nvidia (NASDAQ: NVDA) in the AI sector has bolstered confidence in AI tokens like RNDR, leading to substantial gains

Render continues to expand its ecosystem through strategic partnerships and integrations with major digital content platforms and decentralized applications (dApps).

Currently valued at $8. 02, Render has a market cap of $3.12 billion and strong potential to surpass its previous all-time high. Despite recent bearish trends, Render’s unique position in digital content creation and ongoing technological advancements could propel it to new heights.

The past week has witnessed significant downturns in the cryptocurrency market, with overall valuations sliding by 20% and Bitcoin (BTC) by 5%.

$APT $RNDR #APT #RNDR

⚠️ 6 Cryptocurrencies To Avoid Trading This Week As Token Unlocks Loom

Token unlocks refers to a phenomenon that ensures the release of previously locked tokens into the market, ramping up the supply. This stages as a potentially bearish event, prompting traders to steer clear of trading certain cryptos.

Arbitrum (#ARB )

Trading at $0.9227, down 2.99% over the past day, ARB remains at the top of the list, poised to witness token unlocks worth $86.23 million. Data from the Token Unlocks App shows that 96.13 million ARB, equivalent to 3.32% of the circulation supply, will be unlocked on June 16. This has caused speculations over a potential waning price trajectory for ARB ahead.

Space ID (#ID )

Meanwhile, ID traded at $0.5654, down 4.15% over the past day. The crypto stands firm to experience a token unlock of 78.49 million ID, worth $44.37 million, equivalent to 18.23% of the circulating supply on June 22. This significant unlock could trigger a slumping price action for ID ahead.

Pixels (#PIXEL )

The PIXEL crypto witnessed a 3.84% plunge to $0.3621 today, readying for a $19.65 million worth of token unlock. Notably, 54.38 million PIXEL, equal to 7.05% of the circulating supply, will be unlocked on June 19.

ApeCoin ($APE )

APE traded at $1.05 today, down 2.78% from yesterday. The token prepares for an unlock of $16.35 million worth of coins, equivalent to 2.48% of the circulating supply. A total of 15.60 million APE will be unlocked on June 17, igniting investor concerns about the token’s future price movements.

Manta Network ($MANTA )

MANTA traded at $1.27, correcting 8.49% over the past day. The token prepares for a $10.8 million worth of unlock on June 18. Data suggests that 7.87 million MANTA, worth 2.42% of the circulating supply, will be released in the market.

Render ($RNDR )

RNDR experienced a 2.56% fall to $8.05 today. The token readies for a $6.12 million worth of unlock on June 16. 760.57K RNDR coins, equivalent to 0.20% of the circulating supply, will be unlocked on the abovementioned date.

📣 3 cryptocurrencies to avoid this week amid $150 million in token unlocks

Three cryptocurrencies will unlock over $150 million in tokens this week, which cryptocurrency traders should avoid having substantial exposure to. These unlocks have the potential to flood the market, leading to increased selling pressure and significant price fluctuations.

🔸 Arbitrum’s (#ARB ) $85M token unlock

First, Arbitrum (ARB) has the week’s highest unlock in USD value, with an $85.37 million supply inflation. This amount will increase Arbitrum’s circulating supply by 3.2% on June 16, likely creating a selling pressure.

The event will release 92.65 million ARB from vesting contracts reserved for the team and private investors. Essentially, the former will receive 56.13 million ARB, worth $51.72 million, while the latter will receive $33.65 million of 36.52 million tokens.

Arbitrum unlocks a similar amount of tokens every month, resulting in a yearly inflation superior to 35%. In May, Finbold reported the same 92.65 million ARB unlock worth $92.44 million. Therefore, the $7.17 million month-over-month loss of its contracts evidences the economic effects of this event.

🔸 Avoid trading Space ID (#ID ) and Pixel (#PIXEL )

Finally, Space ID (ID) and Pixel (PIXEL) make for the second and third-largest cryptocurrency unlocks this week.

Vesting contracts will release 78.49 million ID on June 22, worth $44.45 million. This will inflate Space ID’s supply by 18.2%, being the most substantial token unlock this week. Moreover, 54.37 million PIXEL will enter the market on June 19, inflating the project’s supply by 7% at a $19.66 million valuation.

However, crypto traders will try to speculate on the economic effects these unlocks and sell-offs may have on price, which could bring increased volatility and worsen the potential risk-reward ratio. The market is uncertain and influenced by multiple factors, requiring proper risk management and learning when to avoid trading specific cryptocurrencies.

$ARB $ID $PIXEL

🔥 Analyst Predicts Significant Gains for #Polkadot

Despite significant increases in Solana and AVAX this year, one altcoin has lagged behind. We are talking about Polkadot, of course. At the time of writing, the DOT price was at $6.20. Honestly, the cryptocurrency pulling back from the $11 levels has somewhat disappointed its investors. Now, an analyst has shared a chart today, clarifying the levels he expects for the cryptocurrency DOT.

🔸Analyst’s Comment on DOT

Cryptocurrency analyst Michael van de Poppe shared a post on X today, giving hope to DOT investors.According to Poppe, DOT has reached a critical support area and accumulation zone.

Highlighting what could happen to DOT in the coming days, Poppe believes that considering the numerous projects in the Polkadot ecosystem with the RWA narrative, this project will make significant progress in the coming years.

🔸Target of $17 for #DOT

Looking at the chart, the first noticeable thing is a gap indicated by red colors. This area represents a place that can be reached immediately if the DOT price breaks $9.25. Of course, if the cryptocurrency DOT reaches a price tag of $17, it will mean an approximate 180% increase from the current price. Reaching that level will mean significant gains for investors. On the other hand, it should be noted that DOT is still far from its peak level. The peak level for DOT was $55. Considering that other cryptocurrencies have approached their peak prices, we see that there is still room to go for the cryptocurrency DOT.

We have also had a week of new developments for Polkadot in the cryptocurrency world. In this context, the project announced that it had allocated a $20 million fund to developers in DeFi ecosystems. Additionally, Polkadot 2.0 is said to have a bright future as it is designed to increase the scalability, flexibility, and efficiency of the Polkadot network.

Given that the DOT supply is 1,437,953,431 and all of them are in the market, it can be said that the cryptocurrency DOT can easily surpass its previous peak levels in a bull season.

$DOT

🤖 Vitalik Buterin endorses TiTok AI for onchain image storage

TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.

Ethereum co-founder Vitalik Buterin has endorsed the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain application.

Not to be confused with the social media platform TikTok, the new TiTok compression method significantly reduces image size, making it more practical for storage on the blockchain.

Buterin highlighted TiTok’s blockchain potential on the decentralized social media platform Farcaster, stating “320 bits is basically a hash. Small enough to go on chain for every user.”

The development could have significant implications for digital image storage of profile pictures (PFPs) and non-fungible tokens (NFTs).

🔸 TiTok image compression

Developed by ByteDance and Technical University Munich researchers, TiTok allows the compression of an image into 32 small data pieces (bits) without losing quality.

According to the TiTok research paper, advanced artificial intelligence (AI) image compression enables TiTok to compress a 256x256 pixel image into “32 discrete tokens.”

TiTok is a 1-dimensional (1D) image tokenization framework that “breaks grid constraints existing in 2D tokenization methods,” leading to more flexible and compact images.

💬 “As a result, it leads to a substantial speed-up on the sampling process (e.g., 410 × faster than DiT-XL/2) while obtaining a competitive generation quality.”

🔸 Machine learning imagery

TiTok utilizes machine learning and advanced AI, using transformer-based models to convert images into tokenized representations.

The method uses region redundancy, meaning it identifies and uses redundant information in different regions of the image to reduce the overall data size of the end product.

💬 “Recent advancements in generative models have highlighted the crucial role of image tokenization in the efficient synthesis of high-resolution images”

$ETH #VitalikButerin #AI

🚀 Top 3 Cryptos to BUY During the Dip!

🔸 Which Cryptos to Buy?

In a declining market, it's crucial to identify cryptocurrencies that have lost significant value over a short period without any fundamental issues such as bad news or blockchain hacks. These assets are often undervalued and positioned for a strong rebound once market conditions improve. By focusing on these cryptos, you can find gems that are temporarily depressed but have the potential for substantial gains.

🔸 Floki ($FLOKI )

Current Price: $0.000207-days Performance: -25%

Why Buy Now? Floki has seen a sharp decline of 25% over the past week, largely due to market-wide profit-taking rather than any specific issues with the project itself. This dip offers a prime opportunity to buy into a project with a loyal community and ambitious plans at a discount. As market sentiment shifts, Floki could easily bounce back, offering substantial returns to those who get in now.

🔸 Ordi ($ORDI )

Current Price: $45.307-days Performance: -24%

Why Buy Now? Ordi has dropped by 24% in the past seven days, but this decline is not due to any flaws in the project or negative news. Instead, it's a reflection of the broader market trend. Given its innovative technology and the increasing importance of DEXs in the crypto ecosystem, Ordi is well-positioned for a strong recovery. Buying now could yield significant profits as the market rebounds.

🔸 Celestia ($TIA )

Current Price: $7.607-days Performance: -17%

Why Buy Now? Celestia's price has dipped by 17% over the past week, offering a window of opportunity for investors. This decline is not reflective of any fundamental issues but rather a result of the current market downturn. Celestia's innovative approach and growing adoption make it a compelling investment. As the market stabilizes, Celestia could see significant price appreciation, making it an attractive buy during the dip.

#TIA #ORDI #FLOKI

🔥 114 Billion PEPE Trader's Surprising Ethereum Shift; Here's Why

In a dramatic turn of events, a PEPE trader has capitulated, selling all of his 114.7 billion PEPE tokens for 366.5 ETH, worth approximately $1.27 million. 

According to Lookonchain, the trader initially purchased the 114.7 billion PEPE tokens on May 14 and May 15 for $0.000011 per token, totaling $1.27 million.

This entry point seemed promising as the PEPE was gaining traction and attracting considerable interest within the crypto market. PEPE would later surge to all-time highs of $0.00001718 about 14 days later.

💬 This PEPE trader capitulated and sold all 114.7B $PEPE  for 366.5 ETH($1.27M) at a breakeven price.He bought 114.7B PEPE($1.27M) at $0.000011 on May 14 and May 15.The price of PEPE broke through $0.000017 on May 27, at which time his profit was $670K(+50%), but he did not… — Lookonchain

On May 27, the price of PEPE surged, breaking through the $0.000017 mark. At this peak, the trader's holdings were valued at $1.94 million, presenting a potential profit of $670,000, or 50% gains. Despite the substantial gain, the trader chose not to sell, possibly holding onto the tokens in anticipation of further price increases, which proved costly.

However, the market took an unfavorable turn as PEPE's price began to decline. The downward trend continued, and the value of PEPE fell below the trader's breakeven point of $0.000011.

Facing the sustained drop in PEPE's price, the trader ultimately decided to sell all 114.7 billion tokens. The sale was made at a breakeven price, yielding 366.5 ETH, nearly equivalent to his initial investment of $1.27 million.

Although the trader did not incur a financial loss, the missed opportunity for a substantial profit underscores the significance of timing the market perfectly. More often than not, market timing has been found to significantly impact trading outcomes.

$PEPE $ETH #PEPE #ETH

🔹 Ethereum ETF Will Launch on July 2

Bloomberg analyst Eric Balchunas has revised the expected launch date for the long-awaited Ethereum spot ETF to July 2. The change comes after recent comments from SEC staff to issuers of S-1 filings, which said the process was going well and there were only a few comments that could be resolved within a week.

📊 Data from IntoTheBlock shows that ETH has relatively strong support just below the $3,400 level. The demand zone between $3,266 and $3,371, where approximately $1.36 million of ETH was previously purchased by approximately 2.86 million addresses, has the potential to absorb any selling pressure.

$ETH #ETH #ETF #Ethereum

📈 Notcoin surges 11%, nearly flips VET, MKR and OP

Notcoin (NOT) has surged more than 11% in the past 24 hours, breaking above $0.021 as bulls hit a two-week high.

The Telegram-based game token’s price is likely to rally further amid fresh momentum for the related Toncoin (TON) coin, which hit a new all-time high on Friday to push 100% of addresses into profitability.

After surging double-digits, Notcoin’s market cap has reached $1.9 billion, ranking the recently launched coin of the viral tap-to-earn game 49th among largest cryptocurrencies by market cap. In comparison, VeChain (VET), Maker (MKR) and Optimism (OP) have all declined over the past 24 hours, dropping by 6%, 2% and 7% respectively.

With NOT signaling the potential for more gains, it’s possible that Notcoin flips VET, MKR and OP by market cap. All three coins have a market cap of just over $2 billion according to data from CoinMarketCap.

Notcoin’s 24-hour trading volume of $1.2 billion only lags that of Bitcoin, Ethereum, BNB, Solana and stablecoins USDT, USDC and FDUSD.

NOT price rose to an all-time high of $0.028 on June 2, although it retreated to $0.019 amid downside pressure across the broader crypto market.

🔸 Notcoin’s surge amid new Tap2Earn trend

The latest uptick in price for Notcoin comes as the industry witnesses a spike in “Tap2Earn” and related tokens. Currently, the top trending options include Hamster Kombat and Yescoin.

For Notcoin, the biggest pull is its first mover advantage in the Telegram ecosystem. Growth for The Open Network (TON) in the past few months has also reflected in Notcoin, with Telegram’s 900 million user base and increasing support for crypto on the platform fueling interest and growth.

Metrics such as daily active addresses for TON have risen sharply in the past three months. This trajectory is likely to drive similar trends for Notcoin, which is looking beyond Tap2Earn for growth.

$NOT #NOT #NotCoin

📉 3 reasons why $65K marks the bottom for Bitcoin

Despite testing the $65,000 support on June 14, Bitcoin hasn't closed below $66,000 since May 17. While BTC was unable to break above the $72,000 resistance during this four-week period, some events have improved regulatory sentiment and highlighted how little room the U.S. central bank has left to maneuver without triggering inflation. Favorable market conditions and resilience in Bitcoin derivatives metrics indicate that the downside is extremely limited.

🔸 Washington is slowly turning more favorable to crypto

On May 16, U.S. lawmakers passed a Congressional Review Act to explore a Securities and Exchange Commission (SEC) rule that requires listed companies, including banks, to record crypto assets as both assets and liabilities on the balance sheet. According to Senator Cynthia Lummis, this vote was a milestone as it was the first “standalone crypto legislation” passed by Congress.

The resolution was eventually vetoed by President Joe Biden, but the defiance from Democrats demonstrates the “growing number” and “rising influence of crypto participants" in U.S. politics, according to Craig Warmke, a Bitcoin Policy Institute fellow. While Biden’s veto presents a challenge, both chambers of Congress would need a two-thirds majority to overrule it.

The banking sector has an economic incentive to offer custody services for cryptocurrencies, as banks also want their share of the ongoing crypto adoption. Daniel McCabe, chief compliance officer of Flexa, believes that “pro-crypto lobbies and the banking industry could absolutely have an effect.”

Perianne Boring, founder and CEO of the blockchain trade association Digital Chamber, described the Democrats’ support as a “watershed moment" for the Biden administration. Boring claimed that Schumer’s support is turning tides favorably for crypto in Washington. Essentially, Biden will have to assess if it’s worth vetoing the H.J.Res. 109 as it could risk opening an inner conflict in the Democratic party.

$BTC #BTC #bitcoin

🤖 Bitcoin price prediction 2033: Bernstein sees upside to $1m

Bernstein, an asset management firm with over $750 billion in assets, is doubling down on its Bitcoin price prediction, raising their target for 2025 from $150,000 to $200,000. The prediction for 2033 is an astounding $1 million.

Analysts at the firm shared their price projection for the flagship cryptocurrency on Friday. In a note to clients, the research firm said expectations for a surge in spot Bitcoin ETFs represents a bullish catalyst.

“We believe that the U.S regulated ETFs were the watershed moment for crypto that brought in structural demand from traditional pools of capital,” Bernstein’s Gautam Chhugani and Mahika Sapra, noted.

Since their trading debut in early January, spot Bitcoin ETFs have registered net inflows of more than $15 billion. According to the analysts, the global spot Bitcoin ETF market could grow to account for approximately 7% of BTC’s circulating supply by 2025.

🔸 BTC price to hit $1 million by 2033

The recent block reward halving that cut daily emission from around 900 bitcoins to 450 bitcoins is another factor, they noted, writing that an explosion in demand amid ongoing supply shock could propel BTC price to over $200k by mid-to-end of next year.

The analysts also expect spot Bitcoin ETFs to account for roughly 15% of the “digital gold’s” circulating supply by 2033. In this case, a rally in price in relation to marginal cost of production could mean a surge to over $1 million in the next eight years.

Gautam Chhugani and Mahika Sapra see Bitcoin at $500,000 by end of 2029 and over $1 million by 2033.

Bernstein also initiated coverage on the MicroStrategy stock, assigning an outperform rating with a price target of $2,890 by end of 2025.

MicroStrategy (MSTR) is an AI-powered cloud analytics firm that currently holds 214,400 bitcoins. The company has announced a $700 million convertible notes sale with proceeds set to buy more BTC.

$BTC #BTC #Bitcoin

🫣 2.5M Solana (SOL) Shifted By Anonymous Whales In Push for Price Rebound

According to Whale Alert, anonymous whales have transferred 2.5 million Solana (SOL) worth over $372 million. These transactions come during a bearish phase in the cryptocurrency market, with Solana experiencing a price and trading volume decline.

🔸 Solana Sees $372 Million in Whale Movements

Whale Alert, a blockchain transaction tracker, reported that 1,000,000 SOL, valued at approximately $147.85 million, was transferred from an unknown wallet to a new, unidentified crypto wallet. Soon after, another substantial transaction was recorded, involving 1,519,488 SOL valued at around $224.64 million. Both transactions were conducted between unknown crypto wallets, raising questions about the motives behind these large movements.

These significant transfers occur while Solana is grappling with market challenges. SOL price is trading at $147.73, reflecting a 1.95% decrease over the past 24 hours. Solana’s trading volume has sharply declined by 29.41%, indicating reduced market activity and investor interest.

🔸 SOL Price and Volume Drop Amid Transfers

The broader cryptocurrency market is experiencing a bearish trend, and Solana is not immune. The decline in trading volume suggests that traders and investors are adopting a cautious approach, likely due to market volatility and broader economic concerns. Substantial whale movements have triggered speculation within the crypto community. Large transactions can indicate various scenarios, such as institutional investors repositioning their assets, internal wallet restructures by large holders or preparatory moves for strategic investments or sales.

The precise reasons behind these whale transactions remain unclear. However, such significant movements often attract attention and speculation, providing potential insights into future market directions. Market participants closely monitor further developments to understand the possible impact on Solana and the broader crypto market.

$SOL #SOL #Solana

💥 Unlocking Chainlink’s Potential: Is $17 the Next Target for LINK Price?

Chainlink (LINK) recently surged to $16.21 but faced volatility, currently hovering around $15.35.Technical indicators like NVT and MVRV ratios suggest LINK is undervalued, and favorable for investors.Historical data indicates LINK has the potential to rebound, with past rallies supporting a return to $17 or higher.

Chainlink (LINK) experienced an upward trend to $16.21 on Wednesday, June 12. Nonetheless, this upward movement was rather short-lived, whereby the price became volatile and eventually pulled back to be a bearish breakout. However, with these price fluctuations, there is still great interest in Chainlink’s token, where trading volume exceeds $367m within the last 24 hours.

At the time of writing the LINK price is approximately $15.35, therefore hereby revealing a weekly drop of 12.2%. These figures influenced the initial boost in the LINK prices by pointing to a lower Consumer Price Index (CPI).

This saw broader crypto market recovery and its components, such as LINK, get a boost. However, these gains were indeed temporary when BTC and other altcoins reduced the highs seen during the bull run. Despite this recent pullback, LINK has found the range and remains in a location where another impulse to the upside could be possible.

Technical analysis indicators like the Network Value to Transactions ratio and the Market Value to Realized Value ratio indicate that Chainlink could be trading at a discount which allows value investors to get into the coin at a good risk-to-reward ratio.

$LINK #LINK #Chainlink

BTC below $66k, longs shaved $88 million in an hour 🔪

$BTC #BTC #Bitcoin

⭐️ VeChain Treasury Report for Q1 2024 Shows Strong Financial Position

According to the latest update from VeChain Official, VeChain’s treasury report for the first quarter of 2024 shows a strong financial position totaling $550,972,484.57. The report highlights VeChain’s significant financial growth and stability in the third and fourth quarters of the previous year. Treasury assets increased significantly from $264 million to more than $440 million, showing a strong upward trend.

The approval of the BTC ETF in the first quarter of 2024 has had a positive impact on the cryptocurrency market, with institutions and investors showing great interest in the future of blockchain technology. VeChain’s financial report, shared in a tweet by VeChain Official, highlights this trend with a strong balance of $550,972,484 at the end of the first quarter.

VeChain continues to lead the way in real-world blockchain implementation. The organization’s commitment to transparency since 2017 has included quarterly reports detailing its financial position. According to CoinMarketCap, the price of VET at the time of writing is $0.02953, reflecting a decline of 5.43% over the past day and 17.80% over the past week.

$VET #VET #VeChain

🔥 298,000 Ethereum (ETH) in 24 Hours, What's Happening?

There is a growing demand for Ethereum (ETH) on centralized trading platforms as the approval of spot ETF is driving bullish sentiments. According to CryptoQuant’s Head of Research Julio Moreno, Ethereum demand has spiked significantly.

🔸 Ethereum Buying Breaks Major Record

As Moreno pointed out, Ethereum buying by permanent holders marked the second highest on record on June 13 with a total of 298,000 ETH acquired.

Ethereum as a digital currency is not new to intense buying activity overall. Besides this recent spike in buying activity, Ethereum’s highest buying date ever came last September 11 when a total of 317,000 ETH were acquired in 24 hours.

🔸 Ethereum demand has spiked.

💬 Buying by permanent holders was the second highest on record yesterday: 298K ETH.
The record daily buying was last September 11: 317K ETH. — Julio Moreno

The explanation for this increased buying momentum is not far-fetched. Prior to the entry of institutional capital that might showcase a high affinity for spot Ethereum ETF, most retail buyers are taking positions as needed. This is a major coping mechanism for the intense liquidity war that might be activated very soon.

The ongoing accumulation will grant current holders a major headstart should the price of Ethereum make a push toward new highs. One intriguing trend as seen in Ethereum is the price slump over the past week.

The coin is down by 7.60% over the trailing 7-day period and the June 13 accumulation comes at a time when the coin flashed a major discount. The accumulation has sparked a mild trend reversal, jumping by 0.6% at the time of writing to $3,519.20.

🔸 What To Watch Out For In Ethereum

Besides the numerous upgrades the Ethereum protocol has welcomed in the past year, the most important event to watch out for is the approval of S-1 registrations for the spot Ethereum ETF product.

$ETH #ETH #Ethereum