Quelle surprise. No wonder people are exiting the NFT space in droves. I gotta say this is a new low though, this one is especially fucked up. A Chinese woman named “Sarah” or “hopeexist1” on twitter, had a foundation app where she sold pixel art and art commissioned to pay for chemo and recently lost…
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submitted by /u/twigwam [link] [comments]
Nvidia share prices have more than tripled since October last year as demand for AI tech surges.
Not Ethereum's fault, just a bad scammer! submitted by /u/CoinControversy [link] [comments]
The halving creates a miraculous time of tremendous opportunity, one which theoretically will reach exhaustion at some point. Many people are convinced that 2025 is the year that the bullruns stop. They argue that there won't be enough of an impact from the halving. I would argue that barring outright economic collapse there will be…
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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RAY, the native governance token of Raydium, the automated market maker (AMM) decentralized exchange (DEX) on Solana, soared 30% on May 17 before reversing gains, plunging to spot rates. RAY Prices Under Pressure According to CoinMarketCap data on May 30, RAY is changing hands at $0.19, stable against the USD, Bitcoin, and Ethereum on the last trading day. RAY has a market capitalization of $41.2 million at this rate, with an average trading volume of $2 million in the past 24 hours. At this pace, RAY remains in a bearish formation as bears peeled back gains posted on May 17, aligning the token with bears from mid-February 2023. Related Reading: Can This THORChain New Feature Push Back RUNE Bears? Like Solana and tokens based on this network, RAY’s bearish price action has persisted and hasn’t reversed losses from mid-November 2022. The collapse of FTX, a crypto exchange, and Alameda Research, the investment wing of FTX, which was heavily invested in Solana, triggered a sharp sell-off of SOL, weighing negatively on RAY and other ecosystems. Raydium Updates The sharp expansion of RAY prices on May 17 coincided with the upgrade of the Raydium DEX to version V.2.10.11. According to the development team, the decision was reached following a server load due to API abuse. Specifically, there was a nearly 3X jump in API pings in April than in March 2023. The extra load stressed Raydium’s servers, disrupting the connection. The team behind the project stated: Raydium’s APIs were pinged more than 50 billion times in April, up from 18 billion in March. May figures are set to surpass April highs. This highlights how much stress servers have been under and why issues have popped up. Nearly 2,000 new pools were created in the first two weeks of May, bringing Raydium’s total pool count to nearly 8,000. This update, V.2.10.11, served to correct this issue. Besides increasing the server capacity by 11X, there were several bug fixes that the exchange expects to “greatly improve user interface responsiveness.” While the update was received enthusiastically, momentum has waned, and RAY is trading near May 2023 lows. Trackers show that Raydium’s total value locked (TVL) is around $30 million as of May 30, down from $2.2 billion recorded in mid-November 2021. Meanwhile, there has been a noticeable drop in the number of unique active wallets (UAW) from early May 2023, according to DappRadar. Related Reading: Rare Crypto Signal Emerges That Could Spark Another 2017-Style Boom The contraction in the number of users coincides with the closure of the RAY Claim Portal on May 14. This portal was opened following the hack in December 2022, when the DEX lost over $2 million. The hacker drained user funds from various Raydium liquidity pools without burning or owning any liquidity pool (LP) tokens. Feature Image From Canva, Chart From TradingView
Chainlink Price has been attempting to reverse its recent losses over the past few weeks. Currently, Chainlink is trading under a crucial resistance mark which has caused the altcoin to face rejection. Over the last 24 hours, Chainlink has managed to appreciate by only 0.4%, signifying that it has been consolidating. On the weekly chart, LINK has already increased by 1.8%. Continued price consolidation will cause the bears to take over the price completely. Related Reading: Bitcoin Miners Receive Inflows Of 7,000 BTC, What Does It Mean? The technical outlook of the altcoin has also sided with the bears as buying strength showed signs of struggle. Both demand and accumulation have therefore remained low on the chart. As Bitcoin trades inside the $ 27,000 price zone, major altcoins have also been trying to move north on their respective charts. If Bitcoin does not stabilize above the $ 27,500 price, sellers can exert another pull on Chainlink, causing the price to fall further. The market capitalization of Chainlink declined, which indicated that buying strength remained low at press time. Chainlink Price Analysis: One-Day Chart When writing, Chainlink (LINK) was trading at $6.60. However, this price level has proven to resist the altcoin strongly. Despite this, the bulls have managed to prevent further price retracement. The overhead resistance for LINK is currently set at $6.80. LINK has been trading between $6.20 and $6.80 in recent weeks. Breaking above the upper boundary of this trading range is crucial for LINK bulls. Failing to breach the $6.80 resistance level would likely result in the dominance of the bears. If the price declines, the initial support level is $6.20. Further downside movement could see LINK trading near the $6.00 price level. The trading volume of Chainlink in the last session was low, indicating a limited number of buyers in the market. Technical Analysis For LINK Chainlink (LINK) faced difficulties attracting buyers during May and most of April. The Relative Strength Index (RSI) has consistently remained below the 50-level, suggesting buyers have lost interest in LINK due to recent price rejections. Additionally, LINK has fallen below the 20-Simple Moving Average (SMA) line, indicating that sellers have been driving the price momentum in the market. To regain bullish momentum, it is crucial for LINK to move above the $6.60 level, which would enable the altcoin to trade above the 20-SMA line. In contrast to other technical indicators, Chainlink (LINK) exhibited the emergence of a buy signal on the daily chart. The Moving Average Convergence Divergence (MACD) showed the formation of green histograms, suggesting the potential for bullish momentum to develop. Related Reading: Dogecoin Bounces Off $0.070 Mark, Awaits Breakthrough of Crucial Hurdle Additionally, the Chaikin Money Flow (CMF), which measures capital inflows, displayed a positive reading as it crossed above the half-line. These indicators indicate a possible shift in market sentiment, with increased buying interest and inflows into LINK. Featured Image From SoFi, Charts From TradingView.com
The Origin Ether app deposits Ether into Curve, Convex, stETH, rETH and sfrxETH.
The CEO of Nansen cited two reasons for the layoffs, including an overly aggressive hiring phase during the bull market and the prolonged crypto bear market that followed.
