8 days ago
Investing during a market slump can be daunting. However, certain cryptocurrencies show promise even in these tough times. This article delves into the short-term prospects of JasmyCoin and Ethena , revealing intriguing opportunities for potential gains. Discover the coins that might be poised for growth despite market challenges, promising to captivate even the most cautious investor. JasmyCoin Faces Decline with Key Support Zones for a Potential Reversal JasmyCoin experienced a marked decline, with a one-month drop of about 23% and a six-month loss nearing 44%. The price range settled between $0.007 and $0.0175. A weekly loss of roughly 7% underscores consistent downward pressure. Past performance reflects continuous bearish action without strong counter moves. Current price action shows immediate support near $0.0034 and resistance around $0.0244, with a secondary resistance at $0.0349. Bearish signals dominate as the RSI lingers below 40 and other momentum indicators remain weak. Traders may watch for a break above resistance to hint at a possible reversal, but caution is advised within these clear levels. Ethena Shows Sharp Drops Amid Hints of Long-Term Recovery Over the past month, Ethena dropped around 34.55% with a weekly decline close to 25.37%. The six-month trend indicates a modest increase of 1.27%. This price history shows significant short-term weakness, alongside a slight recovery over a longer period. Volatility plays a major role as the coin fluctuates between quick drops and slow rebounds. Currently, the price trades between approximately $0.29 and $0.44. Immediate resistance is identified at $0.53, while support is around $0.24. A secondary resistance level exists at $0.68, with lower support near $0.09. Bearish momentum is prevalent, indicated by negative moving averages and oscillator readings. Traders may consider buying near support and seeking profit as prices approach resistance, noting the absence of a clear trend. Conclusion JASMY offers short-term gains due to its strong community and recent technological updates. ENA shows promise with its unique approach in the crypto space. Both coins provide opportunities to earn even during a market downturn. They present potential for traders looking for quick returns. 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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Could BTC Maintain Above $80K Amid Weak Market Conditions and Accumulation Trends?
As Bitcoin (BTC) navigates turbulent market conditions, its ability to maintain stability above the $80,000 mark raises critical questions. Despite signs of waning retail interest, significant whale accumulation has been Bitzo
![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)
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 . Bitzo
