8 days ago
Whispers in the crypto community suggest that Filecoin and Chainlink might be gearing up for a significant rise. These coins have started echoing bullish signs seen in the past. Could they be entering the final phase of accumulation before a potential surge? Dive into the analysis to uncover which tokens might skyrocket soon. Filecoin`s Recent Downturn and Shifting Support Levels Filecoin lost around 18% in the last month and 35% over the past six months. A notable weekly drop of nearly 20% emphasized a continued decline in market strength. Price movements indicate a clear downtrend, leading to growing caution among traders. Support levels have weakened, contributing to a negative sentiment in the market. The coin currently trades between $2.29 and $3.44, with support at $1.79 and resistance around $4.10. Bears dominate the market, as indicators reflect negative momentum alongside an oversold RSI. There is no strong trend at the moment, prompting traders to consider buying near support while employing tight stops and monitoring for potential breakouts above resistance. Chainlink`s Recent Volatility Sets the Stage for a Potential Rebound Chainlink traded in a band between $11.04 and $16.82 while suffering a 20.87% drop over the past month and barely managing a 3.68% gain over the last six months. Weekly losses reached 22.09%, and metrics like a -2.471 Momentum and an RSI at 31.011 reveal ongoing bearish pressure. Price movements have demonstrated negative momentum, even as the token shows slight resilience over longer periods, reflecting a market that’s been testing its limits amid frequent volatility. Trading currently focuses on immediate support at $8.57 and resistance at $20.14, with a second resistance at $25.92 and backup support at $2.79. Bears dominate the market, with no strong trend evident. Short-term strategies may involve buying near support for a potential bounce or waiting for a breakout above $20.14 before making any commitments. Conclusion Both FIL and LINK show signs similar to past bullish trends. This suggests a potential for growth soon. Historical patterns hint that these assets may be nearing their final buying phase before significant price rises. Investors monitoring these signals could see strong returns if the trends hold true. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Binance Adds New Layer-1 Ethereum (ETH) Rival Initia (INIT) to Launchpool
![The world’s largest crypto exchange platform by trading volume is adding a new layer-1 Ethereum ( ETH ) rival to its launchpool. In a new announcement, Binance says it’s adding Initia (INIT), a blockchain designed to offer rollups and infrastructure for appchain development, to its launchpool. “Binance is excited to announce the 68th project on Binance Launchpool – Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.” Binance’s launchpool was started in 2020 and is a platform that allows traders to earn new tokens passively by staking their existing assets. According to its official website, Initia seeks to reduce the decision fatigue that blockchain and blockchain developers face as a means of improving how they operate. “The Interwoven Stack is Initia’s comprehensive, all-in-one solution designed to empower developers and teams in building and deploying rollups with unmatched ease and efficiency. Historically, building a rollup requires developers to research, select, and piece together numerous components and services… [The] tasks divert time and resources from developers, preventing them from focusing on building their applications… With this approach, developers can focus solely on building, improving, and shipping their applications, while the Interwoven Stack manages the heavy lifting of selecting the right tools and components for a performant and secure rollup, ensuring a smooth and optimal developer and user experience.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Binance Adds New Layer-1 Ethereum (ETH) Rival Initia (INIT) to Launchpool appeared first on The Daily Hodl .](/image/68017b0ed68cf.jpg)
The world’s largest crypto exchange platform by trading volume is adding a new layer-1 Ethereum ( ETH ) rival to its launchpool. In a new announcement, Binance says it’s adding Initia (INIT), a blockchain designed to offer rollups and infrastructure for appchain development, to its launchpool. “Binance is excited to announce the 68th project on Binance Launchpool – Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.” Binance’s launchpool was started in 2020 and is a platform that allows traders to earn new tokens passively by staking their existing assets. According to its official website, Initia seeks to reduce the decision fatigue that blockchain and blockchain developers face as a means of improving how they operate. “The Interwoven Stack is Initia’s comprehensive, all-in-one solution designed to empower developers and teams in building and deploying rollups with unmatched ease and efficiency. Historically, building a rollup requires developers to research, select, and piece together numerous components and services… [The] tasks divert time and resources from developers, preventing them from focusing on building their applications… With this approach, developers can focus solely on building, improving, and shipping their applications, while the Interwoven Stack manages the heavy lifting of selecting the right tools and components for a performant and secure rollup, ensuring a smooth and optimal developer and user experience.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Binance Adds New Layer-1 Ethereum (ETH) Rival Initia (INIT) to Launchpool appeared first on The Daily Hodl . Bitzo
EigenLayer Activates Mainnet Slashing on April 17, Implementing ELIPs 002–004 and Achieving Feature-Complete Status
EigenLayer launched its slashing mechanism on mainnet on April 17, 2025, achieving feature-complete status. The upgrade was executed by the EigenLayer Protocol Council, which is implementing ELIPs 002, 003, and 004 to enable secure, onchain slashing. With slashing now live, EigenLayer enforces accountability and programmable trust for over 190 actively validated services (AVSs) and more than 80,000 stakers. The mechanism penalizes validators and providers for protocol violations, such as failing to fulfill commitments or acting maliciously, by reducing their staked assets. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Bitzo
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Hidden Road Expands Services After Ripple Labs Acquisition
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