Ever since NFT’s have come on the scene I can’t see them more as a JPEG. I know that’s not the case, from seeing comments in the past. I understand in a way that there’s some positives behind such as ‘ownership’ and you could perhaps buy music via an NFT but again I don’t see…
Read more
submitted by /u/OpencastWilson [link] [comments]
submitted by /u/sasha_sh [link] [comments]
The crypto market once again experienced a sell-off this week, leading to a plunge in the price of many crypto assets. The impact of this market downturn is not limited to Bitcoin alone, as it has affected various cryptocurrencies, including Sui (SUI), a Layer 1 smart contract platform. Sui has witnessed a significant decline of 15% in its value over the past seven days, reflecting the broader negative sentiment prevailing in the market. Sui Dips Below $1 Support Levels SUI experienced a significant setback this week, breaching its crucial support level at $1. This support had been maintained since early May, providing stability for the token during that period. However, after enduring two weeks of downward-sloping resistance from above, SUI finally succumbed to selling pressure. Related Reading: Shiba Inu Burn Rate Surges 1500% In 24 Hours, Yet Price Continues To Struggle In Red The token’s decline reached a low point of $0.95 on Wednesday, marking an all-time low for SUI since its launch at the beginning of the month. This sharp drop highlights the prevailing bearish sentiment surrounding the token and its challenges in the current market conditions. Technical Indicators Point To Potential Bearish Path Sui, a layer 1 smart contract platform, distinguishes itself with its unique programming language called ‘Move.’ Developed by the lead executives of Meta’s now-defunct Diem stablecoin project, Sui aims to address common pain points of first-generation blockchains, such as scalability and programmability. Despite its innovative approach, Sui has struggled to generate substantial gains since its inception in the trading market. In the short term, the coin may continue to experience lower lows. According to technical analysis on TradingView, the current conditions indicate that asset selling might be prudent. Seven of the 11 daily technical indicators are signaling a ‘strong sell,’ with no indicators displaying buy signals. Related Reading: Aptos Hackathon, Partnerships Set APT Bulls Up For A Strong Run Additionally, the relative strength index (RSI) for SUI is currently hovering slightly above 40. With the RSI above 40, it suggests that there is a moderate level of buying pressure, but the overall sentiment remains uncertain. To counteract this bearish trend, Sui would need to reclaim the $1.05 level as support, which could provide a foothold for potential recovery. However, if Bitcoin fails to maintain its support at $26,000, Sui will likely face further downward pressure, potentially sinking as low as $0.90. Given the current market conditions and technical indicators, investors and traders should exercise caution and closely monitor Sui’s performance. Evaluating factors such as market sentiment, trading volume, and overall market dynamics will be crucial in determining the future trajectory of Sui and whether it can reverse its bearish trend. At press time, SUI price was $0.987 $ with a 24-hour trading volume of $89,278,135 USD. -Featured image from iStock, charts from CoinMarket and TradingView.com
A total of 517,000 token votes favored the proposal, with none opposing it.
submitted by /u/Wide_big_tall [link] [comments]
The attacker took advantage of the lack of slippage control of liquidity conversions to steal the funds.
An intriguing development has emerged in the Ethereum ecosystem, as reported by Lookonchain monitoring. After remaining dormant for an impressive duration of 8 years, a significant whale account, which initially participated in the Ethereum Initial Coin Offering (ICO), has made a noteworthy transfer. During the Ethereum Genesis phase, this whale received a substantial sum of…
Read more
While Shiba Inu (SHIB) token appears to be getting rivaled by another currently hyped meme coin called PEPE, the latest update shows SHIB still has a strong community devoted to its growth. In the last 24 hours, the SHIB community continues to fulfill its burning commitment and surged SHIB’s burn rate by more than 1500%. However, despite the surge in burn rate, SHIB has continued to struggle in the red. Interestingly, the burn rate surge was executed via a single wallet burning 246.7M SHIB tokens. Related Reading: Shiba Inu Community Destroys 3.26 Billion SHIB in April Amid Price Decline Shiba Inu Burn Rate Surges According to data from Etherscan.io, a wallet tagged “cultpunks.eth” has burned a staggering 246.74 million SHIB in a single transaction executed about four hours ago. In the past day, the overall Shiba Inu burn rate has skyrocketed by 1549.47%, a result of the recent move made by “cultpunks.eth.” This marks the second time in the past 30 days that this wallet has burned a significant amount of SHIB. The first instance was on April 15th, when the wallet burned a staggering 230,799,740 (230.79M) SHIB in one transaction. The CultPunks team has committed to utilizing a portion of their raised funds upon sellout to burn SHIB tokens. In addition to this, they have also dedicated 1% of their funds to the ShytoshiKusama’s fund, which aims to empower women in blockchain, and 2% to the buyback and burn of CULT tokens. The CultPunks is a set of 10,000 exclusive and randomly produced NFTs that were launched through a partnership with Soupsea, an NFT marketplace on Modulus. These NFTs were created on April 15th, 2023, and have become increasingly popular among NFT enthusiasts. Despite the increase in the burn rate, the SHIB token price continues to struggle, and the cryptocurrency remains in the red. This is a significant contrast to the price rally the token experienced a few weeks ago. Related Reading: Here’s What PEPE And SHIB Have In Common, But Can It Catch Up To Shiba Inu? Price Action: Shiba Inu Downtrend The SHIB token price has been in a downtrend in the past few days. With the meme coin struggling to hold above key support levels. SHIB is currently trading at $0.00000996, down 12.8% over the past two weeks. The token has a market capitalization of $5.8 billion, making it the 16th largest cryptocurrency by market cap. The downtrend in the SHIB token price can be attributed to the overall bearish sentiment in the cryptocurrency market. Bitcoin, the leading cryptocurrency by market cap, has been in a downtrend, which has negatively impacted the prices of other cryptocurrencies, including SHIB. Furthermore, the recent increase in the SHIB burn rate is yet to have a significant impact on the token price. However, with more significant tokens being burnt over time, SHIB’s price could get impacted hugely and record new highs in the long run. Featured image from Unsplash, Chart from TradingView
Hello guys. I'm not good at english so just do my best for what is my problem. The story is 1.I bought beth a while ago. 2.and I checked binance yester day and there have staking of beth.(flexible staking not a LP one.) I thought if you holding beth on spot means you can get…
Read more
