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CZ says we need more dApps after new chains crash

CZ says that the crypto sphere ‘needs more dApps’ rather than new chains in response to a post highlighting how new chains struggle. Former Binance CEO Changpeng “CZ” Zhao emphasized the need for crypto industry builders to focus more on developing decentralized applications or dApps , rather than creating new blockchain networks. “Need more dapps instead of chains,” wrote CZ in a recent post . CZ’s comment was made in response to a statistic shared by a Messari researcher @defi_monk which spotlights how new blockchains are experiencing a decline after their respective Token Generation Events. According to data from Messari, Starknet ( STRK )’s token cumulative return has gone down by 87% and Dymension ( DYM ) experienced the same decline. Meanwhile, Blast ( BLAST ) has decreased by 85%, Mode went down by 70%. Even big names like Berachain ( BERA ) and Scroll ( SCR ) mainnets have seen steep declines by 59% and 50%. The only exception on the list is Hyperliquid ( HYPE ), which has experienced a substantial increase of 1,100% since its TGE. Need more dapps instead of chains. — CZ ???? BNB (@cz_binance) February 12, 2025 You might also like: CZ criticizes AI chat bots for being ‘lazy,’ how does CZ feel about AI in crypto? The Messari researcher added that the market has recently seen around $10 billion in long position liquidations, and by the end of April, $17 billion worth of token unlocks have entered the market. This indicates that the crypto market has become saturated by the emergence of more and more Layer1 blockchains and Layer 2 solutions. “The market can no longer absorb execution environments that add no value,” said the researcher. Many users were quick to agree with CZ, stating that there are too many chains on the market and there needs to be more decentralization in order to help the crypto industry grow. As previously reported by crypto.news, Berachain carried out one of the largest airdrops this year alongside the release of its highly anticipated mainnet. However, the the token’s value plummeted as insider began dumping the token, dragging the price down by at least 63% from its previous high. Read more: Berachain faces backlash over airdrop controversy and insider dumping concerns coinpedia

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Ethereum to $6K? Solana’s ATH? These 3 Altcoins Are Set to Lead 2025’s Mega Rally

Is the crypto market gearing up for another explosive rally? Predictions suggest that Ethereum could achieve remarkable new prices, while Solana might return to its highest levels. In the mix, three alternative coins are emerging as potential leaders for 2025. Discover which digital assets could steer the next big surge and why they are capturing attention. XYZVerse: The Best New Meme Project You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where crypto enthusiasts can score big off the growing demand for meme coins. But every revolution needs a hero—someone willing to fight against the odds and push the $XYZ token to the top. That hero is XYZepe , the masked fighter, the true believer, the relentless $XYZ holder whose mission is to bring XYZVerse to the #1 spot on CoinMarketCap. It’s about proving that underdogs can rise to greatness. With millions of sports fans ready to hit the field, the XYZVerse ecosystem is set to keep expanding—and your rewards will slam dunk through the roof! And here’s a highlight reel moment: XYZVerse has been officially recognized as the Best NEW Meme Project—a title that underscores its explosive potential in the meme coin arena. XYZ presale is your first-quarter chance to get in before the mind-blowing explosion! Meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. Currently priced at $0.002, $XYZ remains an undervalued crypto gem poised to rise to $0.1 at the final presale stage. But victory doesn’t happen overnight—it takes dedication, strategy, and a fighter willing to go the distance. XYZepe knows the battle ahead, but with the community behind him, he’s taking $XYZ to legendary status. With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here—get in before the crowd storms the field, and you’ll be sitting on way bigger returns! XYZepe is fighting for glory—will you stand with him? Solana (SOL) Solana (SOL) has seen significant price changes recently. In the past week, the price decreased by 5.59%. Over the past month, it increased by 8.76%, and over the last six months, it grew by 42.08%. This indicates a short-term decline but strong long-term growth. The current price ranges between $177.92 and $221.63. The nearest resistance level is $242.68. If the price moves above this, the next resistance is at $286.39. On the downside, the nearest support level is $155.26. Falling below this could lead to testing the second support at $111.55. Technical indicators show mixed signals. The Relative Strength Index (RSI) is 54.56, suggesting the market is neutral. The 10-day Simple Moving Average is $203.72, slightly above the 100-day average of $199.28. The MACD level is positive at 0.6728, and the stochastic value is 76.08. These figures hint at potential for further growth, but market movements remain uncertain. Ethereum (ETH) Ethereum’s price has seen recent fluctuations. Over the past week, it dropped by 5.93%. The past month showed a decline of 17.33%. However, looking at the last six months, there’s a slight increase of 1.78%. The current price ranges between $2219 and $2980. The 10-day Simple Moving Average is $2705.15, while the 100-day average is $2656.99. The Relative Strength Index stands at 59.90. This suggests the market is nearing overbought conditions. The Stochastic indicator is at 83.60, indicating potential for a price reversal. Ethereum’s nearest resistance level is $3331. Breaking above this could target the second resistance at $4092. On the downside, the nearest support is at $1809.75. Falling below this might lead to the second support at $1049.04. These levels suggest possible movements of around 20% from current prices. Conclusion Though Ethereum and Solana are set for gains, XYZVerse (XYZ) emerges as a pioneering memecoin aiming for 20,000% growth by uniting sports fans globally. You can find more information about XYZVerse (XYZ) here: Site , Telegram , X coinpedia