Market Movers: June 24

Everything you need to win this week in crypto.

 Authors: Trav and TheOpenChain

Market Movers: June 24

Delivering the most relevant info you need to win this coming week.

Not to worry, we will still be delivering high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

  • Chart Insight:

    • Last Week's High: $67,274

    • Last Week's Low: $63,125

    • Weekly Volume: Up from previous week, above average.

    • Daily RSI: 25 - Oversold. (Oversold < 30, Overbought >70)

    • Support Levels: $60k, $57.4k

    • Resistance Levels: $62.7, $63.8

    • Trend Last Week: Bearish

  • Social Sentiment:

Extremely low. Low sentiment often precedes upside moves.

  • Whales Positioning:

Wallets with 10-100k BTC are holding.

2. Sector Overview

3. Token Performance

Best and worst performers over the past week, of the top 300 tokens by market cap:

4. VC Project Funding

Top Projects that received VC funding last week.

5. Crypto Market News

  • Significant Events

    1. Cardano's Chang Hard Fork Upgrade:

      • Cardano will implement the Chang Hard Fork on June 30, marking a significant milestone in enhancing the network's governance and technical capabilities. This upgrade is expected to improve Cardano's overall functionality​ (CoinMarketCap)​​ (CoinMarketCal)​.

    2. zkEVM Mainnet Launch by Cronos:

      • Cronos will launch its zkEVM Mainnet on June 27. This launch aims to improve scalability and interoperability within the Cronos ecosystem​ (CoinMarketCap)​​ (CoinMarketCal)​.

    Exchange Listings

    1. New Token Listings:

      • Hedgehog in the Fog Coin (HIF/USDT) will be listed on BingX on June 24.

      • PeiPei (PEIPEI/USDT) will be listed on XT.COM on June 25.

      • LandWolf (WOLF/USDT) will also be listed on XT.COM on June 25​ (CoinMarketCap)​​ (CoinMarketCal)​.

    Upcoming Releases and Integrations

    1. STX3.1 Release:

      • STX3.1 will be released, introducing new features and improvements. This update could attract new users and increase the adoption of the STX ecosystem​ (CoinMarketCap)​.

    2. Chainflip Mainnet 1.4 Update:

      • Chainflip will release Mainnet 1.4 with Arbitrum integration, which could enhance its DeFi capabilities and attract more users to the platform​ (CoinMarketCap)​.

    3. Bazaars P2P Marketplace Integration:

      • Bazaars will integrate WalletConnect, allowing for easier use of web3 wallets in its P2P marketplace. This integration could drive increased usage and adoption of Bazaars' platform​ (CoinMarketCap)​.

    AMAs and Community Engagements

    1. Zetrix AMA with BitMart:

      • Zetrix Founder Dato' Fadzli Shah will host an AMA on BitMart on June 25, providing insights into the project's future and potential investment opportunities​ (CoinMarketCap)​.

    2. Mantle AMA with Vertex:

      • Mantle will host an AMA with Vertex on June 26 to discuss exciting updates and developments. This session could provide valuable information for potential investors and users​

  • Largest Token Unlocks this week:

6. Top NFT Projects by 7 day Volume Last Week

7. Community Corner

  • Your Voice Matters!

    • Have questions or topics you'd like us to cover? Feel free to reach out by replying to this email and we’ll give you a shout out as well!

    • This Week’s Question: “Is the Bull Market over?” - Thanks TheOpenChain for the great question!

  • Answer: No, I don’t believe it is. Here is a post where I explain why.

Bonus Alpha: 

New opportunity with the Yeti-Apes:

The Yeti-Apes have officially partnered with Engage IO! This means that you can farm their tokens simply by engaging with content on X.

Check out their bio on X and join their discord server HERE.

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

http://web3bytes.beehiiv.com/subscribe

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