Monat: Juni 2022

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Highlights June 24: XRP rallies 13%, Storj adds 33% on lucrative NFT partnerships

The crypto market as a whole is bullish with most top 100 coins in the green at the time of writing. 

Top cryptos

All top 10 cryptos registered gains over the past 24 hours, with XRP leading the way, up more than 12% at time of writing. Bitcoin climbed more than 3.5%, trading above $21,000 this morning. 

Among cryptos outside the top 10, Polygon’s rally continued. Its gains amount to 18% today and 48% for the last 7 days. Other winners in this group are Avalanche and Shiba Inu. 

UNUS SED LEO started declining for the first time in a long bull run. The 17th biggest coin by market cap is down around 3% today. 

Top movers

Outside the top 20, the tendency was equally bearish, with most coins adding 5-7% of their value. 

Notable standouts include Axie Infinity, BAT, and Zilliqa with 13% each and BTT and OKB with 10%. Axie Infinity’s price drifted upwards on Friday as investors reflect on the upcoming restart of the Ronin network.

THORChain gained 12% today, bringing its weekly gains to 28%. It has been rising as the launch of its Mainnet approaches. 

The biggest winner of the day is Storj with 33%. Yesterday, the dynamically growing decentralized storage company announced partnerships with three new NFT clients: Amuzed, Europa Labs, and Ultimate Division.  

The losers 

Harmony’s ONE is down almost 10% today, continuing its bearish trend after a major hack in the ecosystem. 

The ONE token is trading at $0.024, which is the lowest it has been since March last year. It also faces dropping out of the top 100, currently sitting at #100.  

Compound is down by less than 2%. It rose in the ranking (from 100th to 98th biggest coin by market cap) and its gains for the week stand at an impressive 35%. Finally, Synthetix is down 3%, reversing yesterday’s gains. 

The post Highlights June 24: XRP rallies 13%, Storj adds 33% on lucrative NFT partnerships appeared first on CoinJournal.

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ONE dips by 10% following Harmony Protocol hack: Will it dip lower?

The cryptocurrency market looks set to end the week on a positive note after Bitcoin and others recorded gains in the last few days.

The cryptocurrency market has added more than 3% to its value in the last 24 hours. At press time, the total market cap stands above the $900 billion mark and could reach $950 billion before the end of the day.

Bitcoin looks set to surge past the $21k resistance level after adding more than 2% to its value today. Ether could move past the $1,200 mark if it continues with its current rally.

However, ONE, the native token of the Harmony Protocol, is among the worst performers amongst the leading cryptocurrencies. ONE has lost more than 10% of its value in the last 24 hours and could dip lower in the coming hours.

The negative performance can be attributed to the news that Harmony Protocol was hacked earlier today. On Friday, harmony Protocol announced via Twitter that it had identified a theft occurring on the Horizon bridge, leading to a $100 million loss to the hackers.

The cryptocurrency could record further losses in the coming hours despite the efforts of the team to recover the funds.

Key levels to watch

The ONE/USD 4-hour chart is currently bearish as the cryptocurrency has been underperforming over the last few hours. 

The MACD line has slipped below the neutral zone, indicating a bearish trend. The 14-day RSI of 36 shows that ONE is currently in the oversold region and could record further losses soon.

At press time, ONE is trading at $0.0238. If the bearish trend continues, ONE could slip below the $0.020 level for the first time this month. However, the bulls should be able to defend ONE’s position above the $0.018 support level.

The post ONE dips by 10% following Harmony Protocol hack: Will it dip lower? appeared first on CoinJournal.