Monat: Juni 2024

• Toncoin and ZKsync are in focus after TON rallied to an all-time high, while ZK is listed on top crypto exchanges.
• Bitbot recently concluded its presale and is set for token claiming and trading debut.

Toncoin (TON) shot to an all-time high last week, trading to levels that had all addresses in profit. Meanwhile, new trading token ZKsync (ZK) has launched on some of the largest crypto exchanges, despite criticism over its airdrop distribution.

As the two crypto projects attract attention, a lot of the focus is also on Bitbot (BITBOT) – the Telegram trading bot that recently completed a successful presale.

Toncoin and ZKsync in focus

Most cryptocurrencies traded lower last week and failed to post any major moves over the weekend as Bitcoin hovered below $67k.

The struggles for the top coin as spot Bitcoin ETFs recorded another day of outflows with over $200 meant pressure cascaded to altcoins. Also hitting sentiment was the macroeconomic landscape, particularly the Federal Reserve’s interest rates decision after its FOMC meeting last week.

Toncoin (TON)

Toncoin defied the broader crypto market outlook with a parabolic surge to an all-time high of $8.25 on June 15. TON has pared some of the gains and currently trades around $7.86, just in the green in the past 24 hours and about 12% up this past week.

As far as top tokens go, Toncoin looks likely to strengthen above $7.00 and could soon target another breakout move. However, bears taking over might derail this outlook.

ZKsync (ZK)

Meanwhile, ZKsync (ZK) is now trading on some of the world’s largest crypto exchanges, including Binance, announced trading support.

ZKsync is an Ethereum Layer 2 scaling solution that recently unveiled its token ZK via an airdrop.

The project, which leverages EVM-compatible zero-knowledge (ZK)-SNARK roll-up technology is currently a hot topic in the crypto space, largely due to how the team conducted its airdrop.

Despite this, ZKsync is a solid project likely to dominate amid further adoption.

Bitbot token edges closer to trading debut

Bitbot aims to dominate the Telegram bot market, which has so far seen over $23 billion in volume. This outlook has analysts extremely bullish on the native token amid a likely explosion in new users.

The project raised over $4.3 million in its presale, with massive interest in the project down to the pioneering non-custodial wallet solution.

What this means is that with Bitbot, a user has full control over their wallet and funds. There’s the industry-leading digital asset self-custody technology from Knightsafe that ensures users tap into institutional-grade trading tools and strategies without worrying about asset security.

As the project looks to bring this security-first approach to the Telegram bot market, presale participants are eyeing the BITBOT token claim and exchange listing.

In an update, Bitbot said the token claiming process will soon open via the project’s official Telegram bot. The team also expects BITBOT to list on exchanges for trading, with features such as staking and non-custodial wallet integration on track for market launch.

Interested in learning more about Bitbot? Add to your due diligence with a visit to the official website.

The post Toncoin, ZKsync in focus as Bitbot aims at top exchange listing appeared first on CoinJournal.

• Solana shows signs of recovery but must break $150 and $152.50 resistances.
• Solciety (SLCTY) meme coin launches June 18, merging politics and memes.
• Solciety’s presale offers increasing prices, aiming to engage early investors.

Solana (SOL) has experienced significant price fluctuations recently, drawing attention from investors and analysts alike. Amid the price fluctuations, the upcoming launch of a new meme coin, Solciety (SLCTY), on the Solana blockchain has caught the attention of the community eager to see if it will reenergize the cryptocurrency.

In this article we shall delve into Solana’s recent price movements, technical analysis, and price prediction, as well as provide an in-depth look at the Solciety (SLCTY) meme coin.

Solana (SOL) price shows recovery signs after a prolonged drop

Solana (SOL) has been on a roller-coaster ride over the past month, experiencing a notable decline. Over the last week, the price of Solana dropped by more than 7% adding to the 12% drop over the past month.

Recently, SOL broke below the critical $150 support level, a move that concerned many investors as this level was both a technical and psychological support. The breach of this level led to further bearish sentiment, indicating a continued downward trend.

Despite these challenges, there are emerging signs of recovery. At press time, Solana (SOL) was trading at $146.81, showing a modest increase of 1.36% over the past 24 hours.

This slight uptick comes after SOL tested the $138 zone and began a recovery wave. Key resistance levels for Solana price to establish a clear upward trend are at $150 and $155. If SOL manages to break and hold above these levels, it could set the stage for a steady increase.

Technical analysis reveals a connecting bullish trend line with support at $146 on the hourly chart of the SOL/USDT pair. The price has managed to climb above the 100-hourly simple moving average and the $145 resistance level.

Looking at the technical indicators, the daily MACD for SOL/USDT is showing signs of  a cross over with the MACD histogram moving towards the bullish zone. In addition, the daily RSI is nearing the 50 level up from the oversold region, indicating a balanced momentum but potential volatility ahead.

Immediate resistance is near the $150 mark, with significant resistance at $152.50 and $156.50. Should SOL successfully close above the $152.50 resistance, the next target could be the $160 level.

Conversely, if SOL fails to clear the $152.50 resistance, it may face another decline. Initial support on the downside is near $145, with further support at $142 and $138.

A close below $132 could lead to a more significant drop toward the $125 level.

Solciety (SLCTY), a new Solana meme coin, set to launch tomorrow

As Solana navigates its price recovery, the launch of a new meme coin, Solciety (SLCTY), is set to add excitement to the Solana ecosystem.

Scheduled to launch on June 18, Solciety aims to merge the realms of politics and memes, targeting the “Degens” – a term that refers to crypto enthusiasts deeply immersed in decentralized finance (DeFi) and internet culture.

Solciety (SLCTY) distinguishes itself by positioning as the first political party for Degens. The project aims to provide a rallying point for those disillusioned with traditional politics, uninspiring memes, and lackluster financial gains.

Built on the robust and efficient Solana blockchain, Solciety leverages high-speed transactions and low fees, which are hallmarks of the Solana network.

At the core of Solciety is the innovative meme-creation platform called Meme Campaigner. This platform empowers users to generate and customize memes effortlessly, featuring over 200 traits, backgrounds, and fonts. Users can actively participate in meme creation and propagation, sharing their creations on social media and earning presale tokens as rewards.

The Meme Campaigner ensures that memes remain relevant and timely by allowing users to integrate news and current events into their creations.

The Solciety presale is designed to incentivize early participation. Scheduled to last for 30 days, the presale offers SLCTY tokens at progressively increasing prices.

Early investors can purchase SLCTY tokens at $0.000963 during the first stage, with the final presale stage price expected to reach $0.002167. The total supply of 3 billion SLCTY tokens is distributed across various categories, including presale, marketing, rewards, development, partnerships, treasury, and liquidity.

The launch of Solciety on Solana not only highlights the versatility of the Solana blockchain but also represents a unique fusion of political engagement, meme culture, and blockchain technology. This project aims to foster a vibrant ecosystem of content creators and meme enthusiasts, providing a platform for decentralized governance and creative expression.

The post Solana (SOL) price prediction as new Solana meme coin launches tomorrow appeared first on CoinJournal.

• Binance will list ZKsync (ZK) on Monday, June 17.
• The exchange will add ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY spot trading pairs.
• Binance has also revealed a ZK distribution program targeted at users who meet set criteria.

Binance plans to list ZKsync (ZK) on Monday, June 17, adding trading pairs for BTC, USDT, FDUSD and the Turkish Lira.

In an announcement early Monday, Binance notified its users that deposit for ZK, the native token of the Ethereum Layer 2 scaling solution ZKsync, was now open.

Per the announcement, the exchange will add ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY spot trading pairs on June 17 at 08:00 am UTC. Withdrawals open on June 18 at 08:00 am UTC.

Binance announces ZK distribution program

ZKsync’s airdrop distribution has elicited criticism and concerns from across the crypto community.

Binance says it’s going to distribute ZK tokens to its users that meet certain conditions, including the criteria that “the claim address was not eligible for ZK tokens from the official ZK Nation airdrop program.”

The ZK distribution program aims at benefiting those who may have missed out on the ZK Nation airdrop, a move Binance sees as one way to address community concerns. An estimated 52,500 Binance users are eligible for the 10.5 million ZK airdrop.

“In light of the ongoing concerns from the community around ZK token distribution, Binance is offering 10,500,000 ZK tokens to up to 52,500 Binance users,” the exchange wrote.

Apart from the claim wallet not being already eligible for ZKsync airdrop, Binance says its distribution will require that users must have performed at least 50 ZKsync Era transactions over 14 months – between February 2023 and March 2024.

The transactions should also have occurred within seven different months during the snapshot period. Self-transfers do not count as does contract, CEX or bridge addresses.

Binance plans the first ZK airdrop in its program to begin on June 25, 2024. Token distribution will be on a “first-come, first-served basis,” with only wallets that meet listed criteria eligible.

The post Binance lists ZKsync (ZK) with distribution program appeared first on CoinJournal.