The Aave protocol’s DeFi lending pool will get the USDC as part of the minting process. NFT refunds are as easy as visiting the minting website and clicking a button. Spielworks, a blockchain-based gaming firm, has collaborated with Web3 platform Mycelium Network to provide a refund scheme for sales of non-fungible tokens (NFTs). In a press release, the team noted that participants in the program who purchase “Reverties” (a kind of NFT) are entitled to a complete USDC return. Users may stake this new series of NFTs in Spielworks’ Dungeon Master and buy them with USDC via a different minting procedure, all thanks to this initiative. With the help of Mycelium Network, Spielworks will be able to make more USDC transactions. The Aave protocol’s decentralized finance (DeFi) lending pool will get the USDC as part of the minting process. Refund With Click of a Button In an effort to give back to the community, the team has announced that they would be purchasing tokens for Spielworks using the income generated from the lending pool. The Australian Wombat Protection Society will also benefit from the proceeds. Spielworks co-founder and CEO Adrian Krion claim the NFTs will be useful in the company’s upcoming Dungeon Worlds game. They’ll provide their gamers access to mining resources and supply drops. Krion responded to whether or not the NFTs will be completely backed by USDC by saying, “They’re not ‘backed’ per see.” Krion stated In addition, Krion said that NFT refunds are as easy as visiting the minting website and clicking a button. The transaction signature will then appear to validate the NFT transfer to the smart contract and will immediately deduct the return amount from their pool of funds. Highlighted Crypto News Today: Terra Classic (LUNC) Validator To Burn 100% of Commissions

BRISE’s potential to deliver a 100x return on investment by the end of the year. BRISE position itself as a competitive player in the blockchain space. In a market dominated by volatility, the cryptocurrency token “BRISE” has emerged as a shining example of resilience and real-world utility. Despite the prevailing bear market conditions, BRISE has continued to build momentum by offering tangible benefits and establishing strategic partnerships. One of the standout features of BRISE is its blockchain, which boasts the cheapest gas fees for transactions in the market. This advantage not only attracts users seeking cost-effective transactions but also positions BRISE as a competitive player in the blockchain space. By addressing the common concern of high transaction fees, BRISE aims to enhance the overall user experience and drive wider adoption. Furthermore, BRISE has recently announced a partnership with a prominent entity in France to launch an original equipment manufacturer (OEM) model electric car in August. This strategic collaboration signifies BRISE’s commitment to bridging the gap between the crypto industry and real-world applications. With the electric vehicle market experiencing rapid growth and increasing demand for sustainable transportation solutions, the timing of this partnership could prove highly advantageous for BRISE. Investors and cryptocurrency enthusiasts interested in exploring the potential of BRISE can find the token listed on KuCoin, a well-established and reputable cryptocurrency exchange. KuCoin’s support for BRISE further reinforces the token’s credibility and accessibility within the crypto community. BRISE’s Potential to Deliver a 100x Return While no investment comes without risk, BRISE has garnered attention due to its potential for exponential growth. Speculations about the token’s expected potential to deliver a 100x return on investment have generated excitement within the market. A massive influencer promo campaign announcement has added to this excitement. However, it is essential for investors to conduct thorough research, evaluate the project’s fundamentals, and consider their risk tolerance before making any investment decisions. BRISE’s ability to thrive amidst a bear market by providing practical benefits and pursuing real-world partnerships showcases its resilience and potential for long-term success. As the token continues to make strides in both the blockchain and electric vehicle industries, it remains an intriguing prospect for those seeking opportunities within the cryptocurrency market. Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

FTT, the native token of the controversial FTX ecosystem, has been pumping lately. This recent price upswing was triggered by the launch of a customer claims portal, an online platform for customers to access their account information and submit electronic proof of claims in FTX’s restructuring proceedings. Although the portal became unavailable barely an hour after launch, the price of FTT has managed to stay afloat, with a 21% increase in the last day. FTX Claims Portal Goes Offline For Unknown Reasons Last month, the debtors in FTX’s insolvency case announced that an online claims portal was in the final stages of launch. The portal reportedly went live on Tuesday, July 11, enabling customers of the bankrupt crypto exchange to access their account information. Related Reading: Shiba Inu Ecosystem Token BONE Surges 88%, Too Late To Buy? The platform – before going offline – said users can access their account balance as of November 11, 2022 – the day FTX filed for bankruptcy in the United States. Then, if required, customers would also be able to submit an electronic proof of claim with the FTX Debtors’ claims and noticing agent (Kroll Restructuring Administration). However, the claims portal only stayed live for about an hour before going down for unknown reasons. As of this writing, there has been no official statement from FTX addressing the crash. That said, it is worth noting that customers still have until September 29, 2023, to file a claim. This can be done via alternative means besides the website, like through US mail. FTT Rallies 21% In A Single Day – Price Overview After the FTX claims portal went live yesterday, the FTX token (FTT) received a lot of attention from crypto enthusiasts. And the token’s price showed a positive reaction, gaining more than 24% roughly an hour after the launch. However, this price surge was short-lived, as the FTT token soon shed a considerable chunk of its early gain. This is understood to be in response to the claims portal going offline. It is worth noting that FTT has been on a positive run in recent weeks. According to CoinGecko data, the token’s value has increased by nearly 117% in the past month. That said, it appears that FTT won’t be staying down for long. The cryptocurrency looks set to touch the previous 24-hour high of $1.79 again, with a 6.7% price increase in the last hour. Related Reading: Coinbase Stock Surges Nearly 10% Despite Cathie Wood’s Ark Invest $12 Million Sale As of this writing, the FTT token changes hands at $1.71, with a daily trading volume of about $96.2 million. CoinGecko data shows that the trading volume has swelled by 729.9% in the past day, suggesting massive market activity.

Data shows Bitcoin has been stuck in a historically tight 14-day range recently, something that has decompressed into big moves in the past. Bitcoin 14-Day Range Has Been Extremely Narrow Recently According to data from the analytics firm Glassnode, the 14-day range has only been narrower than now during less than 2% of the cryptocurrency’s entire trading life. The “14-day range” here refers to the percentage difference between the top and bottom recorded in the Bitcoin price during the past two weeks. This indicator can tell us about how volatile the asset’s price has been recently. When its value is high, it means that the coin has observed a large amount of fluctuation within the last fourteen days, and thus, the price has registered high volatility. On the other hand, low values of the metric imply the cryptocurrency hasn’t been that volatile as its price has moved by only a low percentage during the past couple of weeks. Now, here is a chart that shows the trend in the Bitcoin 14-day range over the entire history of the asset: As highlighted in the above graph, the Bitcoin 14-day range is currently at a value of just 4.6%, which means that the local high and low within the past two weeks have differed by just 4.6%. This is an extremely low value when compared to what has generally been the norm for BTC. In the chart, Glassnode has also marked the instances where the indicator has observed even lower values than right now. As can be seen from the purple bars, there have only been very few occurrences where Bitcoin has traded inside a narrower range. In terms of the numbers, only 2,176 hours in the lifetime of the asset have registered lower values of the metric, which are equivalent to about 1.9% of the entire trading life of the oldest cryptocurrency. An interesting pattern has historically followed whenever the indicator has recorded such low values of the 14-day range. From the graph, it’s visible that Bitcoin has usually succeeded in these periods of extremely low volatility with a violent move. This violent move can be towards either direction, as both crashes and rallies have followed a narrow range. Though, curiously, the majority of these moves have been towards the upside. The latest occurrence of this pattern was way back in January, right before the current rally initially started. It would appear that back then as well, the tight range exploded into a sharp upwards move. If history is anything to go by, the current low values of the 14-day range may mean that another sharp Bitcoin move may be likely to take place in the near future. And naturally, if precedence is to consider, such a move may be more probable to be towards the up direction. BTC Price At the time of writing, Bitcoin is trading around $30,900, up 1% in the last week.

Shiba Inu’s impressive rise: market cap surges by $500M in just one month. Investor resilience pays off: Shiba Inu token recovers strongly from major price drop. SHIB market cap exceeds $4.4B, The market capitalization of the Shiba Inu, SHIB, has experienced a significant increase of half a billion dollars within a month, as reported by CoinMarketCap. This notable surge can be attributed to the token’s price rebounding strongly after a substantial 31% decline in a single day. Investors in SHIB have demonstrated remarkable resilience, resulting in the token’s price recovering almost entirely from its previous crash. Shiba Inu’s path ahead With a current market capitalization surpassing $4.4 billion, the Shiba Inu token has emerged as one of the top 20 largest digital assets in the market. At present, SHIB is in a consolidation phase, characterized by a sideways movement on the chart. Buyers are actively supporting the token’s price to stay above the $0.000007 threshold, while sellers are resisting its rise beyond $0.0000078. The outcome of this balance of power will shape the future direction of SHIB. Factors such as the development of Shibarium and broader market trends will play a crucial role in determining the trajectory of the SHIB price. Analyzing these elements will provide valuable insights into the future prospects of SHIB.

The reforms are intended to promote accounting transparency. South Koreans make up a sizable proportion of global cryptocurrency investors. In an effort to boost market transparency, the Financial Services Commission (FSC) of South Korea has mandated that beginning in 2024, crypto firms that issue or possess cryptocurrencies include particular crypto disclosures in their financial statements. The new law mandates that cryptocurrency enterprises disclose their coin’s revenues, volume, and market value, as well as the amount, properties, operational methods, and accounting processes associated with the selling of virtual currencies. Promoting Accounting Transparency The FSC announced its decision on the proposed guidelines on July 1. After the approval of the Virtual Asset User Protection Act on June 30. Moreover, the reforms are intended to promote accounting transparency. Businesses and their auditors used to argue on the timing and criteria for determining whether or not the sale of virtual assets to customers constituted profit. After a firm has fulfilled its obligations to its holders. The sale of any virtual assets will be accounted for as a gain under these rules. Furthermore, South Koreans make up a sizable proportion of global cryptocurrency investors, says data aggregator Xangle. The Korean won was the third most popular currency for buying crypto throughout the world in 2022. This is after the US dollar and the Japanese yen. Moreover, the country is often regarded as Asia’s cryptocurrency epicenter. Also, the Korean market is responsible for almost 30% of all crypto trade globally, according to estimates. South Korea’s parliament passed the Virtual Asset Protection Act late last month in an effort to crack down on market manipulation and limit insider trading. Moreover, the FSC states that other changes to digital asset accounting methods were triggered by this regulation. Highlighted Crypto News Today: U.S Consumer Price Index (CPI) Inflation Falls to 3% in June

Shibarium testnet transactions surge: approaching 30 million and counting Shibarium beta Puppynet: wallet addresses hold steady as launch anticipation builds Shibarium launch update: Eth Toronto conference holds key to major announcements According to data from the Puppyscan explorer, there has been a notable increase in the number of Shibarium testnet transactions over the past two days. The total transaction count has reached nearly 29 million, and if this growth rate continues, it may reach the milestone of 30 million by the weekend. The number of wallet addresses associated with Shibarium beta Puppynet remains at 17,061,579, with no new wallets connected in the past week or longer. Puppynet was launched on March 11 this year after an extended period of anticipation within the SHIB community. Community awaits the launch of Shibarium Initially, Shytoshi Kusama, the lead developer of Shiba Inu, mentioned that Shibarium would be available “well before May” when asked by users. However, when similar inquiries persisted before June, Kusama clarified that his previous statement was misinterpreted and that he was no longer focused on specific dates. A recently published blog post suggests that Shibarium is expected to launch sometime after August 16, once the Eth Toronto conference concludes, where SHIB will be among the sponsors. Kusama stated that significant SHIB-branded projects would be announced at the conference, and he plans to deliver a virtual speech using AI technology. Given Kusama’s preference for anonymity, it is highly unlikely that he will reveal his true identity during the Eth Toronto event. Lucie, the official marketing specialist of Shiba Inu, mentioned on her Twitter page that an exact release date for Shibarium mainnet has yet to be determined, although the developer team is nearing completion of the project.

Sui’s first native central limit order book-based decentralized exchange promises seamless transactions for Sui-based applications. GRAND CAYMAN, Cayman Islands–(BUSINESS WIRE)–Sui Foundation today announced the launch of DeepBook, a community-owned decentralized central limit order book (CLOB) built for the Sui ecosystem as foundational infrastructure to support the entire universe of financial applications on the network. Sui community members including MovEX and Mysten Labs helped with the technical aspects of DeepBook required for integration into the network. Essential to the proper functioning of the network, DeepBook provides a one-stop shop for trading digital assets on Sui with a technical design that is specifically tailored to Sui’s unique architecture. DeepBook, in turn, leverages Sui’s industry-leading performance to deliver a low latency and high execution engine to supply robust liquidity to the entire Sui DeFi ecosystem. Structured as a central limit order book, DeepBook also extends the flexible, composable liquidity of community-built AMMs, providing the best of both worlds for the Sui ecosystem. “DeepBook provides the essential financial foundation for every DeFi tool built on Sui. Combined with the scalability and composability built into the Sui Network, DeepBook offers developers the chance to build applications that are simply not possible on other networks,” said Greg Siourounis, Managing Director of the Sui Foundation. “We applaud the work of the Sui community in building this exceptional platform and look forward to seeing its continued development.” Empowered by DeepBook, developers on Sui can now build apps that exchange tokens seamlessly via an order book which supports limit, market, and a variety of other order types. Permissionless and open source, DeepBook will accelerate development of financial and other apps on Sui by providing builders an efficient, ready-built financial layer for trading digital assets. “We support the creation of DeepBook as a public good for the Sui ecosystem to advance the network and support all of the developers building on Sui,” said Siourounis. “Combining Sui’s unique capacity for parallelized transactions with a public on-chain order book allowed the community to create a trading facility that is uniquely transparent, scalable and usable by every DeFi project on the network.” At a basic level, DeepBook makes many of the benefits offered by traditional centralized exchanges available in Sui’s decentralized network. For comparison, centralized crypto exchanges act as intermediaries between buyers and sellers, manage certain regulatory functions and tend to offer high levels of liquidity. However, in exchange for the convenience they offer, they also retain control over users’ private crypto wallet keys. As a result, in the event of a hack or a shutdown, these users could face the loss of their entire holdings. Sui’s DeepBook offers a decentralized solution that keeps users in full control of their assets. Unlike other decentralized networks where CLOBs are difficult if not impossible to implement, Sui’s extremely low blockchain transaction fees, based on its object-oriented approach and parallelized transactions, enable DeepBook to create a robust CLOB by making it economical for market participants to manage large numbers of limit orders on the platform. Structurally, DeepBook consists of its core matching engine and its smart order routing engine, which create an environment uniquely supportive of decentralized application builders and end users based on three key elements: Transparency. DeepBook’s fully on-chain central limit order book provides users with complete visibility of the order flow and depth of markets on Sui, promoting trust and transparency in the trading environment. Efficiency. DeepBook takes advantage of the underlying mechanics of the Sui Network which allows for parallelizing certain transactions, in a platform with transaction capacity that rivals and even surpasses that of traditional networks. Permissionless participation. As a fully permissionless DEX, DeepBook allows users to create token pairs and trading pools without restrictions, fostering a more open and decentralized financial system on Sui. DeepBook has released its code as open source for the community. In the future, others in the Sui community are expected to contribute to further development of this essential network utility. As for utilization of the tool, a number of DeFi protocols have already integrated DeepBook to provide an easy-to-use interface for end users to access its liquidity. Kriya Exchange is one project leveraging DeepBook in its offerings. “Our ultimate goal at Kriya is to provide access to Sui DeFi liquidity in one place. DeepBook will be one of the deepest liquidity avenues in the ecosystem, so integrating it in our router was paramount,” said Aditya Dwivedi, Founder and Product Lead at KriyaDEX. “From the start, DeepBook allows us to provide users with advanced features like stop-limit orders that are completely on-chain from intent to settlement. In the future, we will use DeepBook as the matching engine to allow trading of leveraged perpetual futures.” Along with the MovEx and Kriya integrations, DeepBook’s launch was supported by routing UX partners Aftermath and Turbos and the Sui-based DEX, Cetus. About DeepBook DeepBook is Sui’s first native order book and is integrated into the Sui Protocol as a foundational liquidity layer. MovEx was the initial contributor to DeepBook, which was created as a public good for all DeFi protocols on Sui. It can provide deep liquidity to all DeFi protocols on Sui from day 1 with low latency and less gas cost. DeepBook is fully permission-less, neutral and open to everyone. Learn more: https://sui-deepbook.com/ About Sui Network Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io Contacts Darius Goore [email protected]

The team is on a mission to extend boundaries of decentralized applications FREMONT, Calif.–(BUSINESS WIRE)–Artela is announcing today that it has raised over $6M in seed round funding led by Shima Capital, with participation from A&T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, Amino Capital, and others. Artela is on a mission to build a base-layer blockchain network to meet the increasing demand for large-scale decentralized applications. Artela’s innovative design allows developers to build native extensions on top of the blockchain’s base layer in a modular manner, enabling more on-chain programmability. This approach will support developers to realize customized functionality in a lightweight and dynamic way, opening doors for faster innovations and more possibilities. “The seed round marks an important step for Artela, enabling us to fuel Artela’s technology development, grow the team, and drive market expansion efforts. We’re excited to onboard a diverse yet like minded investor base, which helps build a solid foundation for future growth,” said the Founder and CEO of Artela Jerry Li. “With Artela, it is possible to achieve effects that are similar to those of a conventional full-featured operating system, enabling more comprehensive and advanced tasks that are not possible with existing blockchains,” said Yida Gao, Founder & Managing General Partner of Shima Capital. “Shima supports strong, innovative founders, and we’re proud to be on this journey with Artela.” Artela has an extension layer allowing the addition of a user-defined native extension called Aspect, which enhances programmability while ensuring compatibility with existing smart contracts. Artela plans to publish the Aspect white paper and launch the initial testnet later this year. About Artela Artela is an extensible blockchain network enabling developers to build feature rich dApps. At Artela, we are dedicated to enhancing the extensibility of blockchain, empowering developers to easily customize their apps in a modular manner and driving faster innovations in Web3. For more information visit https://www.artela.network About Shima Capital Shima Capital is a leading early stage VC firm founded by Yida Gao in 2021. The fund takes a hands-on approach, working closely with portfolio companies to provide the most sweat equity per dollar invested. As teams in Web3 push the frontier of innovation, Shima helps hire talent, amplify narratives, and foster the acceleration of technical research and development. For more information visit https://shima.capital/. Contacts Jason Hu, 408-759-3800 [email protected]

The change prompted users to transfer their staking of LUNC to Classy’s Sphere validator. The total number of LUNC tokens staked via Classy’s Sphere increased from 8.81B to 9.86B. ClassyCrypto, the operator of the Terra Luna Classic validator Classy’s Sphere, hopes that by burning billions of LUNC tokens, he will restore validator burns and put the LUNC price back up to $1. ClassyCrypto has declared that, until the end of the year, it would spend all of its validator’s commissions on burning. The change prompted users to transfer their staking of LUNC to Classy’s Sphere validator. Boosting Burn Rate As validators have decreased contributing to the LUNC burn effort, ClassyCrypto has declared that its validator will burn 100% of commissions. The community rallied around Classy’s Sphere and immediately began redelegating their staked LUNC. The total number of LUNC tokens staked via Classy’s Sphere increased from 8.81 billion to 9.86 billion, resulting in a 0.96% increase in voting power. In December 2022, ClassyCrypto used its Classy’s Sphere validator to burn thirteen million Terra Luna Classic (LUNC) tokens. He plans to burn millions of LUNC tokens first and eventually billions. A recent proposal increased the minimum validator fee to 5% for all validators. On the other hand, the USTC repeg campaign is being used by the Terra Luna Classic community to burn billions of LUNC tokens. Over 68 billion LUNC tokens have been burnt, and over 1.022 billion LUNC tokens have been staked, so far. In addition, the Joint L1 Task Force hopes to aid the Quant team in the USTC repeg and zero in on lowering LUNC and USTC supply in Q3. The LUNC community is hoping for a bull market that will bring the price of LUNC back up to $1. Highlighted Crypto News Today: Shibarium Utility Skyrockets to Record Levels within 48 Hours

Conflux (CFX) has recently recorded a significant price rise following a few days of bearish movements. According to data from CoinMarketCap, CFX has gained by 11.39% in the last 24 hours, emerging as the day’s top gainer. So what’s driving this price gain? Bank of China Announces SIM Card NFC Payments, Sparks Excitement In The Conflux Community. On July 10, The Bank of China announced it would be commencing the testing of SIM card-linked payments using the digital renminbi – known as digital yuan – starting from July 11- yesterday. According to its statement, the state-owned bank claims to be conducting this program in collaboration with telecommunications giants China Telecom and China Unicom. Related Reading: Conflux (CFX) Sheds 16% Despite $18 Million Investment From DWF Labs The project aims to enable payments using a near-field communication protocol (NFC) and a technology known as “super SIM cards.” Basically, users will be able to process digital yuan payments by bringing their mobile phones in contact with designated payment terminals. That said, following the emergence of this news in mainstream social media today, there has been a wave of excitement in the CFX community, with some hinting that the latest move by the Bank of China could boost the adoption of CFX in the future. For context, the Conflux Network signed a partnership with China Telecom to develop a Blockchain-powered SIM card (BSIM) back in May 2023. Given this, it appears that some CFX fans believe the Conflux Network will play a significant role in the new SIM Card e-CNY payment system. The excitement in the CFX community translated into positive price movement, with CFX surging by 11% this morning to hit a peak price of $0.2031. Prior to this price increase, CFX had seen its market price fall from $0.197 to as low as $0.175 over the last seven days. At the time of writing, CFX is currently trading at $0.201 with a 0.20% loss in the last hour. However, the token’s trading volume has risen 135.79% and is valued at $75.4 million. With a market cap of $617.6 million, Conflux is ranked as the 67th biggest cryptocurrency on the market. CFX Price Analysis And Prediction Analyzing the CFX’s 4-Hour chart, the token appears to be headed for a resistance zone at $0.214. If the asset’s bullish momentum is sufficient to break through this zone, it could trade as high as $0.289, which marks its next support zone. Related Reading: Conflux Claims Its Place Among Top Altcoins As CFX Price Skyrockets 46% However, an overwhelming bearish force at the $0.214 price zone will cause CFX to fall, retesting at the $0.171 support level. That said, it is important that long-term traders note that the CFX market is currently in a downward trend stretching as far back as March.

Core CPI inflation falls to 4.8% from 5.3% in May, the lowest level since November 2021. As inflation has slowed faster than projected, researchers believe BTC will rise to $35k. According to the U.S. Bureau of Labor Statistics, inflation measured by the annual change in the Consumer Price Index (CPI) was 3% in June, beating market estimates of 3.1%. In addition, Core CPI inflation falls to 4.8% from 5.3% in May, the lowest level seen since November 2021. This allows the Federal Reserve to switch to a more subtle posture on monetary policy. If headline inflation drops to 3%, investors can expect the stock and cryptocurrency markets to rise even higher. Analysts at JPMorgan predicted that inflation will be lower than expected, forcing the Federal Reserve to adopt a more subtle stance. All Eyes on Upcoming Interest Rate Hike CME FedWatch Tool projections after the release of the CPI data point to a 90% chance of a 25 bps rise at the FOMC meeting on July 26. The US dollar index (DXY) hit a low of 101.16, its lowest level in two months, and is expected to keep sliding. It will encourage a continuation of Bitcoin’s upward trend of over $31,000. Moreover, after a rapid increase of over 1% in the minutes after the release of the CPI statistics, the price of bitcoin has set its sights once again over $31,000. As inflation has slowed faster than projected, researchers believe BTC’s value will rise to $35k. Still, a degree of uncertainty is to be anticipated. Ethereum’s price has increased by 1% in the last day, trading at over $1900 as per data from CMC. After the enormous surge, the values of Bitcoin and Ethereum were above key thresholds. Highlighted Crypto News Today: Shiba Inu Exhibits This New Rise as Shibarium Hype Intensifies

Shibarium tokens – SHIB, BONE & LEASH – record the highest social dominance in July. Social mentions of SHIB surges 175% on this popular platform that has 2 billion MAUs. Shiba Inu community highly anticipates the release of the World Paper. The Shibarium hype dominates the trends on every possible social media and other factions of the Internet. Shiba Inu ecosystem tokens displayed the highest peaks in social and market activity over the past few days. Since July 5, total social engagements generated particularly by Shiba Inu (SHIB) jumped 135% to a total of 861.85 million, as per Lunar Crush, a crypto intelligence platform. Moreover, SHIB noted an unprecedented rise with respect to the platform’s other metric — AltRank. This parameter measures the strength of any crypto’s traction in the rapid-paced crypto market. In the last 24 hours, as per data, the social volumes of Shiba Inu surged 175% on the popular video-streaming platform YouTube. Per contra, the news coverage on this memecoin spiked by 166% and its volumes on Twitter by 22%. Since this week’s start, SHIB and its related tokens ranked at the top of the trending list on CoinMarketCap, the popular crypto price tracker. Ultimately, the impending launch of Shibarium is propelling force behind this bullish social sentiment. Top Trending Shibarium Updates On the top of the list, the SHIB community has pinned the launch of Shibarium and the unveiling of its key updates in the upcoming Toronto events. Next, the ranking of SHIB as the third most traded asset on one of India’s top exchanges, WazirX, captured the community’s attention. The surprising price pumps of Bone ShibaSwap (BONE) and Doge Killer (LEASH) aligned satisfying profits to investors and traders. Additionally, the prominent partners and projects of Shibarium — BAD IDEA AI, Welly’s, and Shibacals — triggered the hype further. Above all, the release of the project’s “World Paper”, the detailed document of Shibarium, is the anticipated update. Brief Shiba Inu (SHIB) Price Analysis Notably, the daily price chart hinted at the emergence of Shiba Inu (SHIB) into a short-term bullish zone. That is, the current price action crossed above the 9-day exponential moving average (9EMA). Meanwhile, the daily RSI of SHIB was at 49.47, hovering near the neutral territory. Shiba Inu (SHIB) Price Chart (Source: TradingView) At the time of analysis, according to CMC, SHIB traded at $0.000007536 with a daily trading volume of $64,185,348. The rally of other tokens Bone ShibaSwap (BONE) and Doge Killer (LEASH) has slowed down over the past 24 hours. At the time of writing, BONE’s price was at $1.27 and LEASH’s was at $425. Highlighted Crypto News Today: Shibarium’s Latest Upgrade Promises a Bright Future for SHIB Community

Bankrupt cryptocurrency lender, Celsius Network, has filed a lawsuit against Liquid Staking Platform StakeHound. The crypto lender claims that Stakehound allegedly owes $150 million worth of tokens, including ether (ETH), Polygon’s MATIC, Polkadot’s DOT, and other cryptocurrencies, that belong to Celsius. The complaint was filed as part of Celsius Network’s ongoing bankruptcy proceedings. And according to the filing, StakeHound already initiated arbitration against Celsius. StakeHound argued that it was not obligated to exchange native ETH for “stTokens” after allegedly being confronted with breaching its duties to Celsius. StakeHound Argues No Obligation to Exchange stTokens, Court Filings State The crypto lender reportedly entrusted StakeHound in 2021 with 25,000 staked native ETH, 35,000 native ETH, 40 million MATIC, and 66,000 DOT, according to court documents. These tokens are valued at approximately $150 million, as indicated in the court filings. Celsius received “stTokens” in exchange for the tokens entrusted to StakeHound, which they could either use for other investments or return to StakeHound in order to retrieve their cryptocurrency. Court documents reveal that StakeHound initiated an arbitration proceeding against Celsius in Switzerland after the crypto lender filed for bankruptcy. In the arbitration filing, StakeHound claimed that it has no obligation to exchange stTokens for other tokens. However, Celsius Network also claims that StakeHound’s arbitration filing violated the automatic stay rule. This rule falls under Section 362 of the United States Bankruptcy Code. The automatic stay rule under Section 362 of the United States Bankruptcy Code acts as a legal protection and goes into effect when a debtor files for bankruptcy. This provision prohibits most creditors and debt collectors from taking any further action against the debtor or the debtor’s property without first receiving permission from the bankruptcy court. The court filing also shows that Celsius argued that “StakeHound should be obligated to return Celsius’ property immediately.” It also included compensation for damages resulting from StakeHound’s purported breach of contractual duties. Additionally, according to reports in 2022, Celsius Network lost 35,000 ETH when StakeHound lost private keys for a total of approximately 38,000 ETH. Celsius argues that it should not be obligated to repay these assets. At the time, StakeHound attributed the loss to Fireblocks and filed a lawsuit against the custody provider in 2021. However, Celsius Network argued that StakeHound’s relationship with Fireblocks does not absolve it of its obligation to return the tokens owed to the company. Celsius Network Works Towards Restructuring The crypto lender filed for bankruptcy in July 2022 and has been working to restructure its business since then. It has been making efforts to restructure since filing for bankruptcy nearly a year ago. In February 2023, the company presented a restructuring plan which involved creating a public platform owned by Earn creators and sponsored by digital asset firm NovaWulf. The plan also involved converting the crypto lender’s debt into equity and providing a path for creditors to receive payment. Additionally, according to lawyers representing Celsius, the company was StakeHound’s largest customer, accounting for over 90% of the total tokens managed by the platform.

Bullish BONE price prediction 2023 is $2.4416 to $4.5413. Bone Shibaswap (BONE) price might also reach $5 soon. Bearish BONE price prediction for 2023 is $0.5977. In Bone Shibaswap (BONE) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about BONE to analyze the future movement of the cryptocurrency. Bone Shibaswap (BONE) Current Market Status Current Price $1.29 24 – Hour Trading Volume $9,920,867 24 – Hour Price Change 1.99% high Circulating Supply 229,923,351 All – Time High $15.50 (on Jul 07, 2021) BONE Current Market Status (Source: CoinGecko) What is Bone Shibaswap (BONE)? BONE is a utility enabled, that allows users to vote on important proposals on the protocol. It can also be stored offline in hardware wallets, such as Ledger and Trezor, to ensure maximum safety. BONE will be used to pay fees on Shibarium. It is one of the flagship tokens for ShibSwap, a decentralized ecosystem associated with the Shiba Inu community. Bone Shibaswap (BONE) Price Prediction 2023 Bone Shibaswap (BONE) ranks 101st on CoinMarketCap in terms of its market capitalization. The overview of the Bone Shibaswap price prediction for 2023 is explained below with a daily time frame. BONE/USDT Ascending Channel Pattern (Source: Tradingview) In the above chart, Bone Shibaswap (BONE) laid out an ascending channel pattern. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend. At the time of analysis, the price of Bone Shibaswap (BONE) was recorded at $1.28. If the pattern trend continues, the price of BONE might reach the resistance levels of $1.4799 and $2.0603. If the trend reverses, then the price of BONE may fall to the support of $0.8507. Bone Shibaswap (BONE) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Bone Shibaswap (BONE) in 2023. BONE /USDT Support and Resistance Levels (Source: Tradingview) From the above chart, we can analyze and identify the following as the resistance and support levels of Bone Shibaswap (BONE) for 2023. Resistance Level 1 $2.0316 Resistance Level 2 $3.7318 Support Level 1 $1.0115 Support Level 2 $0.6032 BONE Resistance & Support Level As per the above analysis, if Bone Shibaswap’s (BONE) bulls take the lead, it might hit and break through its resistance level of $3.7318. Conversely, if Bone Shibaswap’s (BONE) bears dominate the trend, the price of BONE might plunge to $0.6032. Bone Shibaswap (BONE) Price Prediction 2023 — RVOL, MA, and RSI The Relative Volume (RVOL) of Bone Shibaswap is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BONE lies below the cutoff line, indicating weak participants in the current trend. BONE /USDT RVOL, MA, RSI (Source: Tradingview) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. The resulting ratio is known as the “relative volume,” which can help traders identify unusual trading activity and changes in market sentiment. High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout. Conversely, low relative volume readings may indicate a lack of interest or a consolidation period. At the time of analysis, the RVOL of Bone Shibaswap (BONE) was below the cutoff line, denoting weak participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above its 50MA, it is considered to be in an uptrend (bullish), if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the BONE price lies above 50 MA (short-term), indicating its upward. Hence, it can be concluded that BONE is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). This analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value is expressed as a number between 0 and 100, with readings above 70 indicating an overbought state and readings below 30 indicating an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the direction of a trend. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI reaches an oversold reading of 30, it may suggest that the asset could potentially reverse direction. Markedly, during analysis, the RSI of BONE is at 67.97. This denotes that BONE is nearly in an overbought state. Bone Shibaswap (BONE) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Bone Shibaswap (BONE) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). BONE /USDT ADX, RVI (Source: Tradingview) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of BONE lies in the range of 58.0181 pointing out an extremely strong trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of BONE lies above 50, indicating high volatility. Comparison of BONE with BTC, ETH Let us now compare the price movements of Bone Shibaswap (BONE) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs BONE Price Comparison (Source: Tradingview) From the above chart, we can interpret that the price action of BONE is similar to BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BONE also increases or decreases respectively. Bone Shibaswap (BONE) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, Let us predict the price of Bone Shibaswap (BONE) between 2024 and 2030. Bone Shibaswap (BONE) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Bone Shibaswap (BONE) might successfully test and surpass its resistance levels to hit $6 by 2024. Bone Shibaswap (BONE) Price Prediction 2025 The significant upgrades in the Bone Shibaswapecosystem might persuade the entry of an increased number of investors. This may eventually boost the Bone Shibaswap (BONE) price to reach $7 by 2025. Bone Shibaswap (BONE) Price Prediction 2026 If Bone Shibaswap (BONE) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $8. Bone Shibaswap (BONE) Price Prediction 2027 Bone Shibaswap (BONE) might sustain major resistance levels and continue to be recognized as a good investment option. If it stands so in the market, BONE would rally to hit $9. Bone Shibaswap (BONE) Price Prediction 2028 If Bone Shibaswap (BONE) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, BONE would hit $10 by 2028. Bone Shibaswap (BONE) Price Prediction 2029 If investors flock in and continue to place their bets on Bone Shibaswap (BONE) , then the crypto would witness major spikes. Hence, BONE might hit $11 by 2029. Bone Shibaswap (BONE) Price Prediction 2030 If the trend momentum aligns in favor of Bone Shibaswap, then the BONE price is expected to rally to $12 by 2023. Furthermore, BONE would hold a positive market sentiment and be recognized as a long-term investment with highly profitable ROI. Conclusion If Bone Shibaswap (BONE) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bone Shibaswap (BONE) price prediction for 2023 is $3.7318. Relatively, the bearish Bone Shibaswap (BONE) price prediction for 2023 is $0.6032. If there is a positive elevation in the market momentum and investors’ sentiment, Bone Shibaswap (BONE) might hit $5. With future upgrades and advancements in the Bone Shibaswap ecosystem, BONE might surpass its current all-time high (ATH) of $41.67 on September 14, 2021 and mark its new ATH. FAQ 1. What is Bone Shibaswap (BONE) ? The Bone Shibaswap (BONE) token is the native cryptocurrency of the Bone Shibaswap network, a Web3 infrastructure platform that enables users to build and control their own nodes that they can utilize for various Proof-of-Stake blockchain. 2. Where can you buy Bone Shibaswap (BONE) ? Traders can trade Bone Shibaswap (BONE) on the following cryptocurrency exchanges such as LBank, OKX, Deepcoin, Bitget, and CoinW. 3. Will Bone Shibaswap (BONE) record a new ATH soon? With the ongoing developments and upgrades within the Bone Shibaswap platform, Bone Shibaswap (BONE) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Bone Shibaswap (BONE)? Bone Shibaswap (BONE) hit its current all-time high (ATH) of $41.67 On Sept 14, 2021 5. What is the lowest price of Bone Shibaswap (BONE)? According to CoinMarketCap, BONE hit its all-time low (ATL) of $0.2899 on May 12, 2022. 6. Will Bone Shibaswap (BONE) hit $5? If Bone Shibaswap (BONE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon. 7. What will be the Bone Shibaswap (BONE) price by 2024? Bone Shibaswap (BONE) price might reach $6 by 2024. 8. What will be the Bone Shibaswap (BONE) price by 2025? Bone Shibaswap (BONE) price might reach $7 by 2025. 9. What will be the Bone Shibaswap (BONE) price by 2026? Bone Shibaswap (BONE) price might reach $8 by 2026. 10. What will be the Bone Shibaswap (BONE) price by 2027? Bone Shibaswap (BONE) price might reach $9 by 2027. Top Crypto Predictions Shiba Inu (SHIB) Price Prediction 2023 Polygon (MATIC) Price Prediction 2023 Injective (INJ) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

On-chain data shows the Polygon trading volume has seen a significant increase compared to the other altcoins. Here’s what this means for MATIC. Polygon Trading Volume Has Observed A Sharp Jump Recently According to data from the on-chain analytics firm Santiment, altcoins have observed an increase in trading volume during the last few days. The “trading volume” here is an indicator that measures the daily total amount of a given cryptocurrency that’s getting involved in transactions on the blockchain. When the value of this metric is high, it means that a large number of tokens are being shifted around on the network. Such a trend can be a sign that traders of the asset are actively participating in the market right now. On the other hand, low values imply that the cryptocurrency is observing a low amount of activity currently. This kind of trend can suggest that there isn’t much interest in the coin among general investors at the moment. Now, here is a chart that shows the trend in the trading volume of some of the largest assets in the sector over the past week: As displayed in the above graph, the trading volume of most of the altcoins had declined to relatively low values a few days back, implying that interest in them had dropped. However, during the last couple of days or so, the indicator’s value has bounced back for these assets, suggesting that investors are once again participating in trading. From the chart, it’s visible that two altcoins in particular have enjoyed the sharpest increase in the metric: Polygon and BNB. This would mean that these cryptocurrencies have a stronger interest backing them right now. Generally, high amounts of volume are needed to sustain any sharp moves in the price. This is because a high volume implies the presence of a large number of traders, who can provide fuel for building any such move. Thus, whenever the trading volume rises for any asset, the price of the coin becomes more likely to show volatility. Which direction such volatile price action might take the cryptocurrency in is hard to say from the volume alone, however. In the case of Polygon and BNB, though, a surge in their prices occurred in the same period as when their trading volumes jumped. This may imply that this fresh trading interest is leaning toward the buying side, at least for now. With this latest uptrend, MATIC’s price has gone up by almost 9%. Naturally, if the trading volume continues to remain high in the coming days, it’s possible that this fresh increase might continue into the near future. MATIC Price At the time of writing, Polygon is trading around $0.73, up 5% in the last week.

cheqd, a business that enables users and organizations to acquire control and portability over their data, has launched Credential Service, which provides organizations with an easy-to-use, plug-and-play solution for issuing and maintaining digital credentials. The “Credential-as-a-Service” provided by cheqd is a ready-made software-as-a-service solution that can be quickly implemented into any business. Cheqd offers an easy way for businesses to easily issue and validate decentralized credentials with its Credential Service. It eliminates all the complexity and technical expertise needed to create or integrate Decentralized Identity into current systems, enabling businesses to issue and verify trustworthy credentials in just a few easy steps. By employing basic API services, application developers may easily create and maintain credentials. It offers functions like Revocation Registries, Decentralized Identifiers, Identity Keys, Verifiable Credentials and Presentations, and Credential Payment. As a result, cheqd partners now have the choice to employ a basic set of API services as opposed to including more intricate and nuanced Software Development Kits (SDKs). Credential Service will provide a way for everyone to access impending payments capabilities, cheqd’s first-of-its-kind feature permitting on-chain payments for off-chain verified data, as part of the company’s overall mission. Anyone may develop whole new business models using payment capability, such as Trusted Data Markets. Organizations may use Credential Service to access cheqd’s Decentralized Identity (DID) framework in the fastest and most effective manner possible without needing any specialized technical knowledge. DIDs are a key piece of enabling technology for self-sovereign identity (SSI), which provides individuals authority over the data they use to authenticate themselves to websites, apps, and services on the Web. Users may save all of their information in digital wallets that safeguard their privacy, make personal data more secure, reduce risk, and streamline the verification process. The Credential Service is based on cheqd’s blockchain technology, a reliable, permissionless, public network that complies entirely with the GDPR in Europe. It is carefully built with the impending EU eIDAS legislation, which regulates electronic identification and trust services for electronic transactions, in mind since it is based on self-sovereign identity technology. No personally identifiable information is kept on its network, as is the case with all cheqd products. Instead, the user’s sensitive information is stored off-ledger, where it is kept secret and safe. Any credential may be quickly reviewed and confirmed since the information is signed and verified by trustworthy identifiers on-chain. The Credential Service from cheqd may be used for a variety of use cases, such as Know Your Customer (KYC) checks, the verification of educational credentials, and online reputation. In complete accordance with all applicable regulations, it also facilitates payments for digital credentials. Avishay Litani may be reached at [email protected] for any more inquiries or interview requests.

BRISE trends on Twitter with its effective price surge. Upcoming Big Promo Campaign creates hype among communities. Bitgert (BRISE), the cryptocurrency has got a reach with its significant growth and developments. Considerably, the burn rate has increased with regard to Tuesday’s records. As per the records of Crypteye, the Bitgert Coin Burn Tracker has listed 3,931,598 BRISE token burns. This approximately values around $0.91 and the overall burn of worth $39.47. Meanwhile, the increase in burn rate creates a demand and pulsed the trading volume. Current Status of BRISE BRISE keeps trending on Twitter and the reason is expected to be the price surge than usual. Currently, the token is traded at $0.0000002661 with an increase of 5.31% in the last 24 hours. The trading volume has hit $3,838,154 with a surge of 40.99%. BRISE 24Hr Price Chart (Source: CoinMarketCap) According to CoinMarketCap, the circulation supply accounts for 395,688,215,721,653 BRISE which is 39.57% of the total supply. Compared to the last 7 days, it is seen that the market capitalization has reached a growth on this Wednesday rather than other days. Henceforth, the market capitalization skyrocketed by 5.26% with a value of $105,384,616. The upcoming promo campaign is creating hype, scheduled on July 30, 2023. Moreover, the effective potential of BRISE exceeds the incredible growth of the community. Hope that the future will be amazing with productive teams shaping the effective crypto market. Disclaimer: The opinions expressed in this article are solely those of the writer and not of this platform. The data in the article is based on reports that we do not warrant, endorse, or assume liability for. Related Crypto News: Bitgert (BRISE) Shows Sudden Price Surge After the Remarkable Move

Bad Idea AI (BAD), an AI-based meme coin, surged over 1000% since its launch. The token secured a listing on a centralized cryptocurrency exchange, BitMart. The AI-based meme token known as Bad Idea AI (BAD) has witnessed an impressive rally of over 1000% since its launch. Further, the excitement surrounding BAD reached new heights today as the token successfully secures a listing on a centralized cryptocurrency exchange, BitMart. This development opens up avenues for increased liquidity and accessibility for investors interested in exploring the experimental project. Bad Idea AI combines blockchain technology, artificial intelligence, and a decentralized autonomous organization (DAO), and aims to foster collaboration and decision-making between humans and AI. At the time of writing, Bad Idea AI traded at $0.00000003431 with a market cap of over $16.8 million. Also, the meme coin has climbed more than 800% in a month. However, today the meme currency experienced a minor setback, as it declined by 6% in value. Bad Idea AI (BAD) Price Chart (Source: CoinMarketCap) Meme Coins Frenzy One notable achievement of Bad Idea AI is its recent partnership with Shibarium, a prominent player in the meme coin zone. The collaboration between Shiba Inu’s Shibarium and Bad Idea AI is expected to yield revolutionary solutions, potentially reshaping the meme coin landscape. Also, the Bad Concept artificial intelligence Telegram team, which is actively involved in the development of the meme token, recently hinted at numerous upcoming projects awaiting launch. Also, Shiba Inu lead developer Shytoshi Kusama mentioned that “Something lovely is coming”. However, this announcement created a wave of enthusiasm within the meme coin’s community. The rise of BAD demonstrates the growing interest in meme tokens. And their potential to drive innovation in the cryptocurrency space. Recommended for you Analyzing Top Crypto Gainers: Will they pump more?

APT, the native cryptocurrency of the Aptos blockchain, continues to exhibit an underwhelming market performance in 2023. Following a somewhat positive run at the beginning of July, it seems the bears are back in control, with APT’s value dipping by nearly 10% in the last seven days. This has pretty much been the case for the APT token since the end of January as its price has declined steadily since reaching its all-time high of $18.58 on January 26. APT Falls By 14% In One Week – Price Overview The Aptos token made a bright start to July, gaining more than 13% in a few days. However, the prominent altcoin has shed all its recent gains, now trading below the month’s opening price of $7.29. Related Reading: Dogecoin (DOGE) Price Downtrend Set To Persist – What To Expect After reaching a high of $8.24 on July 4, the Aptos token experienced a significant decline, bringing its value to $7.15 two days later. Since then, it appears that the coin’s price has been moving mostly sideways. But it is worth noting that APT fell below the $7 price level for the first time this month on July 8. The token dropped below this level again on July 10 before climbing back to $7.18 the following day. As of this writing, APT is valued at $7.03, with a mere 0.3% gain in the past 24 hours. According to CoinGecko data, the coin has a market capitalization of over $1.48 billion, making it the 36th-biggest cryptocurrency. The Aptos token has a 24-hour trading volume of roughly $48.9 million, representing a 14.6% decline in the past day. Is The Downward Trend Over? A look at the daily chart shows that the APT token faces significant resistance at the $8 price zone. The token’s price has failed to break through this level twice in the past three weeks, falling back to $7 at each instance. That said, the daily Relative Strength Index (RSI) indicates that the selling pressure is high at the moment, having crossed below the 50 mark. This means there may not be sufficient buying pressure to push the token’s price above the $8 resistance. Related Reading: Standard Chartered Raises Bitcoin Forecast To $120,000, Citing Miners’ Reduced Selling Meanwhile, price action data reveals that APT has been stuck in a downtrend channel since the high of $16.22 made on February 16, 2023. Over the past five months, Aptos has failed to record a higher high, while writing three lower lows. If Aptos continues in its descending trend channel, we might see its price fall below $4. On the flip side, if it manages to break out of the downtrend channel and through the $8 resistance, then cryptocurrency might reach a price of $10.