Popular crypto researcher Colin Wu cites statistics from NFTGo to explain the decline. The updated Elementals NFTs are almost identical to the originals. The Azuki Elementals airdrop last week resulted in a dramatic decline in the NFT market, which has continued over the last 24 hours. Popular crypto researcher Colin Wu cites statistics from NFTGo to explain the decline. The total value of the NFT market has dropped by 53% during the last year, to 3.33 million ETH. Moreover, with a 16% decrease, BAYC is now worth less than $30 ETH, MAYC is now less than $5 ETH (-20%), and Azuki is worth less than $6 ETH (-11%). There was a lot of buzz in the Web3 community with the release of the Azuki Elementals mint on June 27. The 20,000 NFTs for Elementals were mined and sold out in record time after being promoted as the latest installment of the successful anime-themed PFP initiative. Community Frustrated The euphoria around elementals NFTs seems to be waning, though, and there has been a great commotion about the ‘Identical’ Elementals Art. The most recent information suggests some holders are selling Elementals for far less. The floor price for Azuki Elementals NFTs was set at 2 ETH (about $3,800) on the day of launch. OpenSea’s statistics show that within a week of the debut, the floor price has dropped to below 0.8 ETH. Many NFT owners and collectors, as well as some NFT designers, have taken to social media to vent their frustration with the Azuki Elementals’ aesthetic. They compare the visual style of these NFTs to that of the original Azuki PFPs, which were based on anime The updated Elementals NFTs are almost identical to the originals but for a few minor details. Many are concerned that the Elementals collection may devalue the first Azuki endeavor. A lot of individuals are getting rid of their authentic Azuki NFTs as a result of this. Highlighted Crypto News Today: Cristiano Ronaldo Launches New NFT Collection on Binance

Twitter imposes temporary viewing limits due to data scraping and manipulation. Elon Musk increases post limits for verified and unverified accounts. Twitter, the popular social media platform, has imposed temporary limits on the number of posts users can view per day due to what Elon Musk, Twitter executive chairman, called “extreme levels of data scraping and system manipulation.” Users had been experiencing issues such as missing timelines and receiving “rate limit exceeded” messages, resulting in the hashtag #TwitterDown #TwitterFail trending. Initially, verified accounts were restricted to 6,000 posts per day, unverified accounts to 600, and new unverified accounts to 300. However, Elon Musk later announced an increase in the limits to 8,000, 800, and 400, respectively. Shortly after, he tweeted again, stating the new limits as 10,000, 1,000, and 500. Elon Musk justified these restrictions, saying they aim to encourage users to spend less time on the platform and engage with the real world. He emphasized that the changes are temporary measures to combat the aforementioned issues. Twitter users are hopeful that these adjustments will alleviate the problems and enhance their overall experience on the platform.

Cardano founder Hoskinson said that he had “all” of his ADA staked. Buterin pointed towards complicated multisignature wallets as the reason. Vitalik Buterin, one of Ethereum’s founders, has said that he does not stake all of his Ether since multisignature wallets are “complicated in a bunch of ways.” Buterin explained the “biggest reason” he is only staking a tiny portion of his ETH on the June 29 edition of the Bankless podcast. Buterin elaborated: Cardano Founder Shocked On June 30, Ethereum co-founder and Cardano founder Charles Hoskinson tweeted that he is “at a loss for words” after learning that Buterin only stakes a tiny percentage of his Ether. Hoskinson also said that he had “all” of his ADA staked. Buterin also spoke about a new protocol called EigenLayer, which lets Ethereum validators and stakers “re-stake” their assets on other new networks. Buterin stated the primary difficulty is that it presents “centralization risks,” even though it is just in the testnet phase and is not anticipated to debut until the third quarter of 2023. In this proposed system, reliable stakers would be rewarded more than those who are less reliable. Also, reliable stakers chances of being slashed are much lower. Buterin said on June 9 that the Ethereum blockchain “fails” without enough scaling infrastructure to make transactions cheap, thus this comes as no surprise. In addition, he brought out yet another potential weak spot in the system: smart contract wallets. Highlighted Crypto News Today: Surprise Transfer of $16M in LTC Sparks Speculation and Excitement

Cardano founder takes Twitter hiatus amid rate limit turmoil. Twitter’s rate limit sparks controversy and frustration for the Cardano founder. Charles Hoskinson steps back from Twitter due to a rate limit backlash. Recently, Cardano founder Charles Hoskinson announced on Twitter that he will be taking a brief hiatus from the platform. This decision comes amidst an ongoing debate surrounding Twitter’s implementation of reading limits for users, commonly referred to as rate limits. Twitter, led by CEO Elon Musk, introduced these restrictions as a means to counteract “extreme levels” of data scraping and system manipulation. However, the move has generated significant criticism, resulting in service disruptions and user frustration. The community’s response to the rate limit issue has been a mix of humor and frustration, with some individuals making playful references to Hoskinson hitting his rate limit and others encouraging him to take a break. Musk’s Twitter limit receives backlash The controversy surrounding Twitter’s rate limit policy gained attention when numerous users reported technical difficulties, such as the inability to access tweets, missing timelines, and sudden follower disappearances. The phrase “rate limit exceeded” became a common occurrence for users when attempting to view tweets. Twitter’s decision followed an earlier announcement requiring users to have an account in order to view tweets. The general reaction to the newly imposed limits has been predominantly negative, as users express their frustration with messages like “rate limit exceeded” and “Cannot retrieve tweets” appearing in their feeds. This dissatisfaction led to the trending hashtag #TwitterDown. Critics have also launched the hashtag #RIPTwitter as a way to express skepticism about the effectiveness of rate limits in addressing data scraping and system manipulation concerns.

Significant Litecoin transfer triggers speculation and discussion in the crypto community. The transfer of $16 million worth of LTC from Binance raises eyebrows. Litecoin’s price surges amidst the unexpected transfer of funds. Surprisingly, the popular cryptocurrency exchange Binance has witnessed a substantial transfer of 144,396 Litecoin (LTC), amounting to a staggering $16,053,446. This unexpected transaction has raised eyebrows in the crypto community, triggering speculation about its motive and destination. The transfer occurred recently, leaving experts and enthusiasts eager to uncover the purpose behind this significant movement of funds. Consequently, a wave of speculation and discussion has engulfed the cryptocurrency space. Moreover, the timing of this transfer adds to its intrigue as the Litecoin community prepares for the highly anticipated Litecoin halving, an event expected to trigger a bullish rally in LTC prices. Litecoin’s Price Surges Amidst Transfer It is worth noting that Canadian authorities recently approved the free trading of Litecoin (LTC), further amplifying interest in the cryptocurrency. However, despite this noteworthy transfer, LTC’s native token has experienced a 6.47% price increase within the last 24 hours, currently trading at $111.56, according to CoinMarketCap data. Nonetheless, there are projections of bearish sentiment for LTC due to a significant decrease in trading volume. In the coming hours, the trading volume is expected to decline by 35.66%, plummeting to $2 billion. Hence, market participants are closely monitoring these developments to ascertain the potential impact on Litecoin’s performance. As the crypto community continues to digest this surprising transfer, speculation abounds regarding its motive and the identity of the unknown wallet receiving the funds. The substantial nature of the transaction raises questions and fuels curiosity, compelling stakeholders to seek answers. The recent transfer of Litecoin from Binance to an unknown wallet has captivated the cryptocurrency community. With the impending Litecoin halving and the approval for free trading of LTC in Canada, this transaction’s implications have captured market participants’ attention. As the price of LTC remains relatively strong despite the transfer, the future trading volume will likely determine the short-term outlook for the cryptocurrency. Highlighted Crypto News Today: Canadian Government Removes Cap Limit on Litecoin (LTC) Trading

The collection, which is due out on July 3rd, has 20 unique designs. Each design captures the spirit of Ronaldo’s goal-scoring skill. Cristiano Ronaldo has released his second collection of Non-Fungible Tokens (NFTs) on Binance. Thus, the Portuguese celebrity has strengthened his position in the NFT market. The new “ForeverCR7: The GOAT” NFT collection is dedicated to celebrating Ronaldo’s incredible feats throughout his career, most notably his jaw-dropping goals scored for his club and country. The extraordinary value of owning an extremely rare NFT extends well beyond the purely digital realm. One perk is a soccer shirt autographed by Cristiano Ronaldo, which is a once-in-a-lifetime opportunity for any soccer lover. Four Rarity Tiers The collection, which is due out on July 3rd, has 20 unique designs, each of which depicts one of Ronaldo’s most memorable goals. These patterns are separated into four rarity tiers to provide collectors more freedom to choose items that best suit their tastes. Each design captures the spirit of Ronaldo’s goal-scoring skill, whether it is a spectacular bicycle kick or a strong long-range shot. The very unique NFTs, of which there are six different designs, are among the collection’s most prized pieces. These incredibly limited edition NFTs are highly sought after by collectors due to their scarcity. Cristiano Ronaldo’s first NFT collection, in particular, had a rocky introduction to consumers. The collection’s reception and success were negatively impacted by a number of reasons due to the timing of its release. As a result of FTX’s demise, the cryptocurrency market as a whole saw a fall, and investor confidence plummeted. Nonetheless, Ronaldo’s second collection may appeal to a wider audience because of the rising popularity and comprehension of NFTs among collectors and enthusiasts and the possibility of improving market circumstances. Highlighted Crypto News Today: Surprise Transfer of $16M in LTC Sparks Speculation and Excitement

The ETF registrations were “inadequate” as per SEC was out on Friday. Blackrock had already picked Coinbase as its SSA partner. Four companies resubmitted their spot bitcoin ETF applications on Friday after it was reported that SEC was dissatisfied with the previous round of filings by several major financial institutions. These institutions included Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco. Information that the ETF registrations were “inadequate” was out on Friday by people familiar with the matter, according to an article by WSJ. A Cboe official reportedly acknowledged in the WSJ report that the exchange plans to resubmit its spot bitcoin ETF registrations. After promising to revise and update the documents given by Fidelity, Vaneck, Invesco, and Wisdomtree, Cboe followed through. Banking on Coinbase On Friday, a major change to the modifications took place when Coinbase was added as an SSA partner. Blackrock had already picked Coinbase as its SSA partner, and although they didn’t resubmit their applications, neither did Ark. To this day, the U.S. regulatory authority has doubts about the spot Bitcoin ETF’s sponsors’ capacity to protect investors from fraud and manipulation. Despite the SEC’s approval of several futures ETFs, spot Bitcoin ETF is facing a hard time. Intriguingly, both the most recent ETF applications and Blackrock’s filing include Coinbase as an SSA partner. But it’s worth noting that Coinbase is in the middle of a legal battle with the securities regulator as a result of a complaint brought by the SEC against the exchange. The community is waiting to see whether the SEC will accept the resubmitted spot Bitcoin ETF filings now that Coinbase has been added as a surveillance-sharing partner, especially amid the legal battle. Highlighted Crypto News Today: FedNow Payment System’s Early Adopter List Excludes Blockchain Firms

Discover the notable increase in burned Shiba Inu despite a quiet trading weekend. However, the price has also not been in its best shape. SHIB burn rate has spiked by 150% in the last 24 hours. Recent observations on the Shiba Inu network have revealed a noteworthy rise in the number of coins being burned, despite a relatively quiet weekend trading session. The burn rate of SHIB has experienced a remarkable increase, doubling to reach an impressive 150%. Token burning involves intentionally removing tokens from circulation, thereby reducing the overall supply. In the case of Shiba Inu, the surge in the burn rate over the weekend holds the potential for positive price movements in the coin. With a reduced supply, each remaining token may experience an increase in price, assuming demand remains steady or grows. Source: Shibburn Shiba Inu price in the red amidst rising burn rate However, it is worth noting that Shiba Inu is currently facing challenges in the market. The recent Poly Network hack led to the sale of over 90 billion Shiba Inu, exerting significant selling pressure. Despite this, the coin has demonstrated resilience, as its price has remained stable at the usual level of $0.0000075. This price stability, despite the increased selling pressure, suggests a healthy level of liquidity for Shiba Inu on the market. The heightened burn rate, coupled with this resilience, sets the stage for a potential substantial price surge in the near future. However, it is crucial to closely monitor the consequences of the recent hack and track wallets associated with the exploiter. As is customary in the realm of cryptocurrencies, exercising caution is vital. The market is renowned for its volatility and susceptibility to various influencing factors. Investors should remain informed and only invest funds they can afford to lose.

The new service will enable instant transactions between U.S. banks. The launch of FedNow is planned for this month of July. On June 29th, the Federal Reserve announced the certified “early adopters” for FedNow, the planned instant payment system. When the platform starts in late July, the companies on the approved list will be able to connect with it without any problems. Despite at least two blockchain networks earlier announcing they would join the immediate payment system, they do not appear on the list. In spite of the fact that it is not currently on the list, Metal Blockchain still plans to integrate with the FedNow service once it secures “the appropriate bank sponsor.” Instant Transactions The United States Federal Reserve is currently working on an instant payment service called FedNow. The Federal Reserve believes that the service will enable instant transactions between U.S. banks, analogous to the Faster Payments system in the United Kingdom and the Single Euro Payments Area system in Europe. Only ACH and wire transactions inside the US are resolved at a later time than other domestic bank transfers. The launch of FedNow is planned for the month of July. At this time, at least two other blockchain projects have said that they will be “connecting” to FedNow upon its release. In May, the Metallicus team announced that, via integration with FedNow, their network will enable near-instant stablecoin conversion. Metallicus was also included in FedNow’s “service provider showcase,” which was live at the time, further indicating a possible integration. A few days after the announcement, this listing was taken down on May 15. ACI Worldwide, ECS Fin, FPS Gold, Open Payment Network, and 11 more payment providers were included on the list of “service providers” posted on June 29; however, neither Metallicus nor Metal Blockchain were included. Highlighted Crypto News Today: Hong Kong Forms New Task Team To Promote Web3 Development

Finance secretary for Hong Kong, Chan has been vocal in his support for cryptos. Hong Kong has been striving to be a Web3 leader for some time now. The Hong Kong government has formed a task team to advocate for Web3 innovation. Late on Friday, the Government of the Hong Kong Special Administrative Region issued a press release announcing a new policy that would go into force today. Paul Chan, the finance secretary of Hong Kong, and other government officials and regulators will lead the committee for its duration of two years. There are a number of specialists in relevant fields among the task force’s 15 unofficial members. Grabbing the Golden Opportunity As finance secretary for Hong Kong, Chan has been vocal in his support for cryptocurrencies, saying earlier this year that the city should grab the “golden opportunity” presented by Web3. He said that blockchain technology is what makes Web3 possible, and that it has properties such as disintermediation, security, transparency, and cheap cost. Hong Kong has been striving to be a Web3 leader for some time now, and in 2022 they finally released their formal policy statement on Virtual Assets. Following the announcement, markets welcomed this approach, prompting the establishment of the task group, which will be responsible for recommending measures to ensure the long-term viability and social responsibility of Web3 in the area. While there is no universally agreed-upon definition of Web3, most people think of it as a decentralized, next-generation internet. Hong Kong has been working hard to become a crypto center, despite its proximity to China, which has been a strong adversary to digital asset efforts. Earlier this month, the territory released its Virtual Asset Trading Platform (VATP) guidebook, providing Web3 businesses with a transparent set of standards by which to operate. Highlighted Crypto News Today: Potential Cryptocurrencies To Make History in H2 of 2023

Patrick McHenry encouraged the US SEC to investigate the possibility. Last month, the SEC authorized a Bitcoin ETF that uses leverage. Reports of the US SEC labeling financial titans’ registrations for spot Bitcoin ETFs as “inadequate” prompted US House Financial Services Committee Chairman Patrick McHenry to issue a warning to Chair Gary Gensler via Twitter. The crypto community has ridiculed the US SEC for approving a Bitcoin ETF based on leveraged futures but not a spot Bitcoin ETF. Republican Chairman of the US House Financial Services Committee Patrick McHenry has already said that he would carefully monitor the US SEC’s reaction to the Bitcoin ETF registration by financial services major BlackRock. Curbing Crypto Innovation in the U.S According to Patrick McHenry, if the US SEC’s claims are accurate, Gary Gensler has a lot of explaining to do. Claiming that a spot Bitcoin ETF would provide investors access to a regulated product, he encouraged the US SEC to investigate the possibility. He also speculated that Gary Gensler’s desire to put an end to crypto innovation in the United States was the only possible explanation for its rejection. When it comes to the “surveillance-sharing agreements” and the spot Bitcoin exchange that the tech giants would utilize, the US SEC has simply warned Nasdaq and CBOE that they need to re-file applications. Subsequently, Fidelity and other asset managers identified Coinbase as the market for its surveillance. Last month, the SEC authorized a Bitcoin ETF that uses leverage, drawing ridicule from the Bitcoin community since the SEC had previously denied a spot Bitcoin ETF. Application of these tech giants for spot Bitcoin exchange-traded fund (ETF), has stimulated a rebound in the larger cryptocurrency market. Bitcoin is stable above the $30k level with other altcoins also on the rebound. Highlighted Crypto News Today: Hong Kong Forms New Task Team To Promote Web3 Development

Litecoin’s price has surged recently, hitting a 14-month high and breaking the $100 mark. The halving event is expected to take place around August 2, 2023. The Canadian government has approved the unrestricted trading of Litecoin (LTC) and three other cryptocurrencies on exchanges, marking a major breakthrough for the Canadian crypto sector. Litecoin’s price has surged recently, hitting a 14-month high and breaking the $100 threshold. The House of Commons Standing Committee on Industry and Technology has urged the government to develop a national blockchain policy to clarify the country’s regulatory stance and show support for the sector. Bulls in Total Control The halving event, expected to take place around August 2, 2023, bodes well for Litecoin’s future. It will be the third time the LTC block reward has been halved, from 12.5 LTC to 6.25 LTC. The price of Litecoin (LTC) hit a 14-month high, surging beyond $100. According to IntoTheBlock’s numbers, Litecoin’s network has also reached a major milestone, as it is now handling over 500,000 transactions per day. With this milestone, LTC’s daily transaction volume is quickly approaching that of Bitcoin in May. Crypto experts are keeping an eye on the successful breakthrough, noting that whether or not Litecoin is able to keep its upward momentum depends on whether or not it can retain support at the $102.65 level. With this area of support still in place, Litecoin might continue its ascent toward its major objective of $140. The 30th of June marked a historic high for the coin, which was then worth $110. Furthermore, nearly a million Litecoin transactions were handled by the network in the preceding week. The approaching Litecoin halving event, which will take place in less than a month, is a strong testimony to the good feeling around the coin. Highlighted Crypto News Today: Crypto Market Overview: Bitcoin Completes Strong Quarter with 7% Gains

Bittrex argues that the SEC doesn’t have the jurisdiction to regulate cryptocurrencies. The SEC additionally penalized Bittrex Global GmbH, a foreign subsidiary of Bittrex. By submitting a motion to dismiss the complaint against it, Bittrex has advanced significantly in its legal struggle with the U.S. SEC. Bittrex argues in its new court filing that the SEC doesn’t have the jurisdiction to regulate cryptocurrencies as securities unless explicitly given that authority by Congress. This argument takes issue with the Securities and Exchange Commission’s (SEC) present interpretation of securities laws and seeks to establish a more precise regulatory structure that is in line with the special characteristics of digital assets. Bittrex and its co-founder William Shihara were charged with running an unregistered national securities exchange by the SEC in April. The lawsuit alleges that Bittrex, without being registered as an exchange with the SEC, allowed the trading of digital assets that qualified as securities under U.S. federal securities laws. For failing to register as a national securities exchange. The SEC additionally penalized Bittrex Global GmbH, a foreign subsidiary of Bittrex. Following Coinbase’s Footsteps Bittrex cited the challenging regulatory and economic climate in the U.S. as the reason for its decision to shut down after the SEC lawsuit. Bittrex, though, has promised to fight the SEC’s allegations instead of paying. Bittrex’s request to dismiss borrows heavily from the strategy used by Coinbase, the more prominent cryptocurrency exchange. By following Coinbase, Bittrex seems to be making a calculated move to strengthen its joint defense against the SEC’s investigation. Bittrex’s legal staff, like Coinbase’s, finds flaws in the SEC’s statements about the trading of investment contracts. While both defendants agree that initial sales of certain crypto assets may be considered securities contracts. They maintain that secondary market transactions involving the same assets should not be treated as securities. Highlighted Crypto News Today: Crypto Exchange Binance Burns 2.65 Billion Terra Classic (LUNC)

Bitcoin has completed Q1 2023 with a trending price surge of 72.3%. The Fear and Greed Index has a current reading of 60. The crypto market has witnessed a lot of ups and downs in 2023. It continues to attract investors and traders with its resilience and volatility. The major traditional banks have recognized the potential of cryptocurrencies and are stepping up crypto adoption. According to the report, Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has maintained its trading price above the $30 mark, providing some relief to crypto investors. However, the other altcoins in the top ten list have been trading in different directions, with some surging while others experiencing minor corrections. The Bitcoin Trading Price Holds Strong Despite the challenging market environment and regulatory issues, Bitcoin has maintained its position above the $30,000 mark. The stability of the Bitcoin trading price has helped the market recover from the SEC’s continuous lawsuit against the leading crypto firms. Moreover, with that stability, the BTC dominance, representing Bitcoin’s share of the total crypto market, has experienced a slight decline of 1.14%, reaching 45.45%. Bitcoin has completed Q2 with a trading price surge of around 7%. Due to the significant bullish movement, BTC has completed Q1 2023 with a trending price surge of 72.3%, according to the report. Despite minor fluctuations, the overall market capitalization has remained relatively stable. It stands at $1.30 trillion with a marginal increase of 0.07%. The Fear and Greed Index, a widely followed sentiment indicator that gauges the emotions and behavior of market participants, has a current reading of 60. It falls into the Greed category, indicating a predominantly positive sentiment among investors. Mixed Performance Among Top Altcoins: While Bitcoin has shown strong stability, the top altcoins in the crypto market have experienced varied performances over the recent period. Litecoin (LTC) has experienced a significant surge, with an increase of 12.5%. As investors wait for the most anticipated Litecoin Halving event. Dogecoin (DOGE), the popular memecoin, has also experienced a surge of around 3.95%. However, Ripple (XRP) has encountered a minor setback, recording a 1.21% decline. And also, Solana (SOL) and Ethereum (ETH) have experienced declines of 3.28% and 0.73%, respectively. The current crypto market overview reveals a mixed trend among the top cryptocurrencies. While Bitcoin maintains its position as the leading cryptocurrency, the other altcoins in the crypto market are showing signs of potential growth. At the time of writing, the trading price of Bitcoin is around $30,576, with an increase of over 0.29% in the last 24 hours. The trading volume of Bitcoin has experienced a decline of 65.37%, according to CoinMarketCap. Highlighted Crypto News Today: Potential Cryptocurrencies To Make History in H2 of 2023

Litecoin has recently made a significant impression in the crypto market. BTC has strongly maintained its value above the $30 mark in recent days. In the first quarter of the year, the Crypto market experienced remarkable growth and evolution, outperforming traditional assets. The crypto market has gained massive attention, which has increased institutional adoption. It demonstrates their potential as a haven in the face of impending monetary policy changes and ripples in the banking industry. As new and established players strive to redefine the boundaries of traditional finance, H2 2023 promises to be a period of exciting developments, unexpected partnerships, and potential breakthroughs. Let’s look at several potential cryptocurrencies to focus on for H2 as we enter the second half of 2023. Litecoin (LTC), Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are expected to be the potential cryptocurrencies to watch out for in H2 of 2023. These coins showcase the tremendous potential for growth and disruption. Litecoin (LTC) Litecoin is designed to be an ideal digital asset payment method for merchants and consumers. It uses a proof of work (PoW) consensus to secure the network, similar to Bitcoin. LTC has recently made a significant impression in the crypto market. The whole crypto market has been waiting for the most anticipated upcoming event for Litecoin’s Halving. Recently, it has continuously achieved remarkable milestones on its tokens as well as in its network. On June 30, the LTC reached an all-time high of $110. Moreover, the Litecoin Network surpassed 25 million transactions in 2023. The anticipation around Litecoin halving is expected to boost its trading price. At the time of writing, the trading price of LTC is around $105, with a decline of 1.88% in the last 24 hours. The trading volume of LTC has experienced a drop of around 31.62%, according to CoinMarketCap. Polygon (MATC) MATIC tokens are used to govern and secure the Polygon network and pay transaction fees. It is expected to have a potential impact to look for the upcoming days. After the SEC lawsuit against the leading crypto exchanges, Binance and Coinbase, MATIC has shown remarkable achievements to help the crypto market recover. Moreover, Polygon Network has continuously worked to enhance crypto adoption with its integration. At the time of writing, the trading price of MATIC is around $0.6691, with an increase of 3.54% in the last 24 hours. The trading volume of MATIC has experienced a decline of 36%, according to CoinMarketCap. Moreover, the bullish intent is expected to continue for the upcoming second phase of 2023. Bitcoin (BTC) Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has shown impressive growth in the first quarter of 2023. It has reached the significant milestone of crossing the $30K mark. Moreover, BTC has strongly maintained its value above the $30 mark in recent days. At the time of writing, the trading price of Bitcoin is around $30,623, with an increase of around 0.85% in the last 24 hours. The trading volume of BTC has experienced a decline of around 59%, according to CoinMarketCap. In the Second half of 2023, Bitcoin is expected to reach its next milestone of $35K. Ethereum (ETH) Ethereum (ETH), the world’s largest altcoin, is the cryptocurrency to watch for H2 of 2023. With the remarkable Ethereum Shanghai upgrade, staking on the Ethereum blockchain has grown at an incredible rate. The value of the ETH deposit contract has risen to a new all-time high (ATH) of over 25.8 million ETH, or an outstanding $48 million. Moreover, the ETH trading price maintained at around $2,000. At the time of writing, the trading price of Ethereum is around $1,923, with an increase of 0.01% in the last 24 hours. The trading volume of ETH has experienced a drop of over 52.31%, according to CoinMarketCap. Ripple (XRP) In the first quarter of 2023, Ripple started facing a lawsuit by the U.S. Securities and Exchange Commission. The lawsuit has had a significant impact on XRP. Recently, Ripple has seen positive results in the SEC lawsuit. It has started reflecting on the trading price of XRP. Moreover, XRP has included in Hong Kong’s virtual asset index, which has boosted investors’ confidence. At the time of writing, the trading price of XRP is around $0.4742, with an increase of 0.17% in the last 24 hours. The trading volume of XRP experienced a decline of over 35.86%, according to CoinMarketCap. These coins reached milestones in the previous quarter despite regulatory issues by the U.S. SEC. The crypto market is getting wider recognition, which results in increased adoption. Moreover, the major traditional banks showed signs of adopting cryptocurrency, and many institutional companies have integrated the concept of crypto. Looking ahead to the second half of 2023, the crypto world holds immense promise for further growth, innovation, and disruption.

A transaction charge of 13.25 million LUNC is also part of the deal. 1.04 billion LUNC tokens were destroyed by Binance in June. Binance has completed the eleventh batch of the LUNC burn mechanism, burning 2.65 billion Terra Classic (LUNC) coins. So far, the crypto exchange has burnt over 35.5 billion LUNC, while the community as a whole has burned over 68 billion LUNC. The recent burn by Binance instantly elicits a 3% increase in LUNC price as investors react. Binance, in an effort to reduce the circulating quantity of Terra Classic (LUNC) tokens, transferred 2.65 billion LUNC tokens to the burn address in a transaction on July 1. A transaction charge of 13.25 million LUNC is also part of the deal. LUNC Burn Doubled This is the eleventh batch of LUNC burn mechanisms, and covers from May 31st, 2023, through June 29th, 2023. Nearly 35.5 billion Terra Classic tokens have been burnt by Binance so far, all from LUNC trading fees on spot and margin trading pairings. 1.04 billion LUNC tokens were destroyed by Binance in June. This month’s burn is more than double last month by Binance. Despite Binance’s reduction of its contribution to the LUNC spot and margin trading fees from 100% to 50%, the community still greatly values the exchange’s continued support. After a significant update was finished last month, bringing the chain to par with Terra 2.0 and the other Cosmos chains, the community-focused in Q3 on lowering the supply of LUNC and USTC. The USTC repeg will also get attention from the Joint L1 Task Force and the Quant team. The Terra Luna Classic (LUNC) cryptocurrency is being considered for inclusion in a digital asset index maintained by the Hong Kong Virtual Asset Consortium (HKVAC), a reputable rating agency located in Hong Kong. Highlighted Crypto News Today: Federal Reserve Chair Hints at More Interest Rate Hikes This Year

All customers will get a 3% discount on bookings, up to a max of $500. Binance has partnered with Alternative Airlines, an online travel agency. Over 600 airlines across the globe now accept payments in several digital currencies thanks to Binance Exchange’s Binance Pay service. Binance said that the new service was made possible by the exchange’s partnership with Alternative Airlines. The latter is an online travel agency that accepts payments in more than 70 different cryptocurrencies. And works with more than 600 different airlines. As part of the partnership, all customers will get a 3% discount on bookings, up to a maximum of $500. The Binance exchange has taken the lead in encouraging cryptocurrency use beyond simple trading. Notably, assistance is also offered to the cryptocurrencies classified as securities by the United States Securities and Exchange Commission (SEC). Thus, demonstrating that business is continuing as normal. The offer is subject to the terms and limitations specified by Binance. And the exchange has the right to end the campaign at any moment. Pushing Crypto Adoption In a short amount of time, cryptocurrencies have gone from a novel asset class to something that many people depend on for daily expenses. In recent years, several cryptocurrencies have been integrated into payment networks, giving users a new option for making online purchases. According to a poll done by Binance between March and May of 2023, the exchange reported that its institutional customers are bullish on the future of cryptocurrencies for the next year and forth. 208 of Binance’s customers were questioned between March 31 and May 15 for the research performed by Binance Research and the Binance VIP & Institutional team. Nearly half (52%) of those polled had crypto assets under management (AUM) of $25 million or less, while 22.6% had AUM of $100 million or more. Highlighted Crypto News Today: Crypto Exchange Binance Burns 2.65 Billion Terra Classic (LUNC)

As on July 3, investors will be able to get exposure to Bitcoin Depot on the Nasdaq. Bitcoin Depot has ATMs at over 9,130 locations as per listed on its website. With the completion of a merger deal, Bitcoin Depot, one of the biggest cryptocurrency ATM companies in the United States, announced that it would be going public. GSR II Meteora Acquisition Corporation, a fintech business, said on June 30 that its investors had authorized a merger that would allow the company to serve as a special-purpose acquisition company for Bitcoin Depot. Further Growth Opportunities As on July 3, investors will be able to get exposure to Bitcoin Depot on the Nasdaq thanks to the $885 million deal that was initially revealed in August 2022. Brandon Mintz, CEO and founder of Bitcoin Depot, said the merger was done to help facilitate “numerous growth opportunities” and spread the use of Bitcoin throughout North America. Bitcoin Depot’s common stock and public warrants will trade on the New York Stock Exchange under the ticker codes BTM and BTMWW, respectively. The news was released at a time when crypto service providers were under increased scrutiny from federal regulators. The SEC has taken legal action against Binance and Coinbase, two cryptocurrency exchanges, for what it claims were unregistered securities offerings. After BlackRock submitted an application in June to establish a spot Bitcoin exchange-traded fund, it seems that other financial vehicles with exposure to cryptocurrencies are also on the rise. Also, Bitcoin Depot, which launched in 2016, has quickly grown to become one of the largest crypto ATM providers in North America, with over 9,130 locations as per listed on its website. On the other hand, the price of Bitcoin is stable above the $30k level, now trading at $30,503 as per data from CMC. Highlighted Crypto News Today: Crypto Neobank Revolut Announces Delisting of SOL, MATIC and ADA

After 10 straight rate rises, the Federal Reserve halted interest rate hikes in June. Two more rate hikes minimum this year, he said, would be necessary. On Wednesday, at a panel discussion of central bankers organized by the ECB in Sintra, Portugal, Federal Reserve Chair Jerome Powell reiterated the Fed’s hawkish approach. Powell stressed that the Fed is not done managing inflation and indicated the potential of consecutive interest rate rises ahead of the next Federal Open Market Committee (FOMC) meeting on July 25-26. After 10 straight rate rises, the Federal Reserve halted in June. The Fed Chair stated: Minimum Two Hikes This Year Powell said that the Federal Reserve has not settled on the timing or extent of future interest rate rises. The Fed chair elaborated at a Thursday event hosted by the Bank of Spain in Madrid, saying, “We expect the moderate pace of interest rate decisions to continue.” Two more rate hikes minimum this year, he said, would be necessary to bring inflation down to the Fed’s 2% aim. It will be acceptable to decrease rates at a time when inflation is going down pretty dramatically, the Fed chairman said, but that period is yet a couple of years away. The positive economic statistics (a revised 2% GDP gain and a fall in weekly unemployment claims) gave possible support for the Federal Reserve’s intentions to raise interest rates two more times in 2023, but U.S. stock markets generally brushed it off. These hawkish monetary policies have caused widespread market volatility over the previous 12 months. Highlighted Crypto News Today: Crypto ATM Firm Bitcoin Depot All Set To Go Public This Week

Bullish ALGO price prediction for 2023 is $0.1408 to $0.1846. Algorand (ALGO) price might reach $0.5 soon. Bearish ALGO price prediction for 2023 is $0.0805. In Algorand (ALGO) price prediction 2023, we will analyze the price patterns of ALGO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. Algorand (ALGO) Current Market Status Current Price $0.1236 24-Hour Trading Volume $44,242,564 24-Hour Price Change 4.32% up Circulating Supply 7,382,549,561 All – Time High $3.2802 (On June 21, 2019) ALGO Current Market Status (source: CoinMarketCap) What is Algorand (ALGO)? Algorand (ALGO) is the native cryptocurrency of the Algorand ecosystem. Algorand is an open-source decentralized blockchain based on smart contracts. ALGO was launched in 2019 following its mainnet launch. Like Ethereum, Algorand owns its native Algorand Virtual Machine (AVM). Algo smart contracts enable users to develop various dApps on the blockchain. Algorand works based on the pure proof of stake (PPoS) consensus mechanism combined with Byzantine agreement protocol. PPoS was introduced to the blockchain space by Algorand’s founder Silvio Micali. The blockchain follows “algorithmic randomness” to select its validators and verifiers and thus justifying its name Algorand. Users get to participate in the governance of the blockchain either by just holding ALGO or staking it. ALGO holders receive nearly 7.5% APY as passive income on holding these tokens. It facilitates fast, efficient, and sustainable transactions at lower costs. Algorand aids to resolve the blockchain trilemma: decentralization, security, and scalability. Algorand (ALGO) Price Prediction 2023 Algorand (ALGO) ranks 44th on CoinMarketCap in terms of its market capitalization. The overview of the Algorand Price prediction for 2023 is explained below with a daily time frame. ALGO/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Algorand (ALGO) laid out a descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market. At the time of analysis, the price of Algorand (ALGO) was recorded at $0.1179. If the pattern trend continues, then the price of ALGO might reach the resistance levels of $0.4571, and $0.7776. If the trend reverses, then the price of ALGO may fall to the support of $0.0944. Algorand (ALGO) Resistance and Support Levels The chart given below displays the possible resistance and support levels of Algorand (ALGO) in 2023. ALGO/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels for Algorand (ALGO). Resistance Level 1 $0.1408 Resistance Level 2 $0.1846 Support Level 1 $0.1071 Support Level 2 $0.0805 ALGO/USDT Support and Resistance Levels As per the above analysis, if Algorand’s (ALGO) bulls take the lead, then it might hit and break through its resistance level of $0.1846. Conversely, if Algorand’s (ALGO) bears dominate the trend, the price of ALGO might plunge to $0.0805. Algorand (ALGO) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Algorand (ALGO) are shown in the chart below. ALGO/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. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Algorand (ALGO) was found below the cutoff line. Thus, it denotes a weak volume of 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 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the ALGO price lies below 50 MA (short-term), indicating its downtrend. Hence, ALGO is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, 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 lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. 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 is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of ALGO is at 40.59. Therefore, this indicates ALGO is in an nearly oversold state. Algorand (ALGO) Price Prediction 2023 — ADX, RVI Let us now look at the Average Directional Index (ADX) of Algorand (ALGO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX. ALGO/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 ALGO lies in the range of 21.68 pointing out a weak 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 ALGO lies below 50, indicating low volatility. Comparison of ALGO with BTC, ETH Let us now compare the price movements of Algorand (ALGO) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs ALGO Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of ALGO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ALGO also increases or decreases respectively. Algorand (ALGO) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Algorand (ALGO) between 2024 and 2030. Algorand (ALGO) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Algorand (ALGO) might successfully test and surpass its resistance levels to hit $1 by 2024. Algorand (ALGO) Price Prediction 2025 The significant upgrades in the Algorand ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Algorand (ALGO) price to reach $2 by 2025. Algorand (ALGO) Price Prediction 2026 If Algorand (ALGO) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $3. Algorand (ALGO) Price Prediction 2027 If Algorand (ALGO) sustains major resistance levels and stands as a better investment option in the market, then ALGO would rally to hit $4. Algorand (ALGO) Price Prediction 2028 If Algorand (ALGO) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then ALGO would hit $5 by 2028. Algorand (ALGO) Price Prediction 2029 If investors flock in and continue to place their bets on Algorand (ALGO), then the crypto would witness major spikes. Hence, ALGO might hit $6 by 2029. Algorand (ALGO) Price Prediction 2030 By 2030, the ALGO price might rally to $7 if the trend momentum aligns in favor of Algorand. Furthermore, ALGO would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Algorand (ALGO) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Algorand (ALGO) price prediction for 2023 is $0.1846. Comparatively, the bearish Algorand (ALGO) price prediction for 2023 is $0.0805. If there is a positive elevation in the market momentum and investors’ sentiment, then Algorand (ALGO) might hit $0.5. Furthermore, with future upgrades and advancements in the Algorand ecosystem, ALGO might surpass its current all-time high (ATH) of $3.28 and mark its new ATH. FAQ 1. What is Algorand (ALGO)? Algorand (ALGO) is the native cryptocurrency of Algorand, an open-source decentralized blockchain. Algorand operates based on the pure proof-of-stake (PoS) consensus. 2. Where can you buy Algorand (ALGO)? Traders can trade Algorand (ALGO) on the following cryptocurrency exchanges such as Binance, OKX, Bybit, Deepcoin, and Bitrue. 3. Will Algorand (ALGO) record a new ATH soon? With the ongoing developments and upgrades within the Algorand platform, Algorand (ALGO) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Algorand (ALGO)? Algorand (ALGO) hit its current all-time high (ATH) of $3.28 On June 21, 2019. 5. What is the lowest price of Algorand (ALGO)? According to CoinMarketCap, ALGO hit its all-time low (ATL) of $0.1024 On March 13, 2020. 6. Will Algorand (ALGO) hit $0.5? If Algorand (ALGO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.5 soon. 7. What will be the Algorand (ALGO) price by 2024? Algorand (ALGO) price might reach $1 by 2024. 8. What will be the Algorand (ALGO) price by 2025? Algorand (ALGO) price might reach $2 by 2025. 9. What will be the Algorand (ALGO) price by 2026? Algorand (ALGO) price might reach $3 by 2026. 10. What will be the Algorand (ALGO) price by 2027? Algorand (ALGO) price might reach $4 by 2027. Top Crypto Predictions Cardano (ADA) Price Prediction 2023 Shiba Inu (SHIB) Price Prediction 2023 Solana (SOL) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.