Key Intraday Levels for Bitcoin

The Bitcoin rally is currently progressing at full speed. At the moment, no significant resistance level is identified above, but the closest support area is at 97,800. While there is movement in Bitcoin, no significant activity is observed in altcoins yet. If Bitcoin experiences a slowdown over the weekend, there is a possibility of increased activity in altcoins.

The BTC/USDT pair gained 0.27% in the last 24 hours and is currently trading at $98,618. If the rally continues, Bitcoin (BTC) could face resistance at the ATH zone. Our support levels are at 97,800 and 94,800, respectively.

Ethereum (ETH):
The ETH/USDT pair gained 0.79% in the last 24 hours and is currently trading at $3,385. Resistance levels for ETH are at $3,480 and later at $3,890. Support levels are located at $3,360 and $3,220.

Altlayer (ALT):
The ALT/USDT pair gained 0.32% in the last 24 hours and is currently trading at $0.115. Resistance levels for ALT are at $0.12 and $0.135. Support areas are at $0.104, with a deeper drop potentially targeting $0.084.

EthFI (ETHFI):
The ETHFI/USDT pair lost 4.50% in the last 24 hours and is currently trading at $1.82. Resistance levels for ETHFI are at $1.90 and $2.48. Support areas are at $1.57, with a further decline possibly targeting $1.22.

ChainGPT (CGPT):
The CGPT/USDT pair gained 3.91% in the last 24 hours and is currently trading at $0.132. Resistance levels for CGPT are at $0.147 and $0.192. Support areas are at $0.126, with a deeper drop possibly targeting $0.105.

Trending Coins

Over the past 24 hours, the most trending coins in the crypto market include Mode (MODE), MAD (MAD), and Chill Guy (CHILLGUY).
Top gainers are Chill Guy (CHILLGUY), HarryPotterObamaSonic10Inu (BITCOIN), and XRP (XRP).
Top losers include Peanut the Squirrel (PNUT), Degen (Base) (Degen), and Grass (GRASS).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the standout liquidation level is at $100,284 with $46 million on the upper side. On the lower side, $97,056 is notable with $62.56 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrency: November 22 appeared first on Coin Engineer.

Here’s a comprehensive list of the altcoins with notable token unlocks this week, along with their unlock dates and the amount of tokens to be unlocked:

May 20, 2024:

Braintrust (BTRST): Unlock amount: $2.71 million (1.50% of market cap)
DexCheck (DCK): Unlock amount: $2.38 million (13.25% of market cap)

May 21, 2024:

AltLayer (ALT): Unlock amount: $1.04 million (0.31% of market cap)
Aevo (AEVO): Unlock amount: $4.53 million (5.09% of market cap)
Sei (SEI): Unlock amount: $1.22 million (0.13% of market cap)
Pyth Network (PYTH): Unlock amount: $809.09 million (141.65% of market cap)
bitsCrunch (BCUT): Unlock amount: $2.13 million (19.97% of market cap)
Iron Fish (IRON): Unlock amount: $1.69 million (3.12% of market cap)
Guild of Guardians (GOG): Unlock amount: $1.41 million (1.21% of market cap)

May 22, 2024:

XPLA (XPLA): Unlock amount: $2.69 million (3.28% of market cap)
Mintlayer (ML): Unlock amount: $5.89 million (26.19% of market cap)
Forgotten Playland (FP): Unlock amount: $3.84 million (45.08% of market cap)

May 23, 2024:

Covalent (CQT): Unlock amount: $1.83 million (1.42% of market cap)
Algorand (ALGO): Unlock amount: $5.86 million (0.41% of market cap)
Bonfida (FIDA): Unlock amount: $4.97 million (14.35% of market cap)
Moonwell (WELL): Unlock amount: $3.35 million (4.90% of market cap)
Coin98 (C98): Unlock amount: $4.68 million (2.58% of market cap)

May 24, 2024:

Chainflip (FLIP): Unlock amount: $3.08 million (6.76% of market cap)
Space ID (ID): Unlock amount: $13.79 million (3.46% of market cap)
Ribbon Finance (RBN): Unlock amount: $17.39 million (3.99% of market cap)

May 25, 2024:

Mask Network (MASK): Unlock amount: $2.07 million (0.67% of market cap)
H2O Dao (H2O): Unlock amount: $1.72 million (1.04% of market cap)
Pintu Token (PTU): Unlock amount: $1.55 million (21.27% of market cap)

May 26, 2024:

GateToken (GT): Unlock amount: $52.28 million (7.15% of market cap)
Dogechain (DC): Unlock amount: $1.75 million (11.36% of market cap)

The post 25 Altcoins to Have Massive Token Unlocks This Week: Full List and Schedule appeared first on Coin Engineer.

OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC participated in the round in 2023.

According to the announcement, the new capital will be used to expand the AltLayer team and further develop the fundraising infrastructure. However, the team did not announce what valuation was reached.

This rise came after AltLayer launched its token last month and rewarded those who staked on Celestia and EigenLayer, the owners of AltLayer’s NFTs, and those who participated in community campaigns.

The first airdrop constituted approximately 300 million ALT token ($141 million) or 3% of the total supply, and 83% of the tokens were claimed.

What is AltLayer?

AltLayer is a fully open and decentralized protocol developed for many Roll-ups. AltLayer offers innovations such as high security, interoperability, and decentralization.

The project has developed this opportunities through a system called Restaked Roll-up. Thanks to Restaked, Roll-ups can be produced in the fastest and safest way by using Roll-up stacks such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK. In addition, the EigenLayer restaking mechanism is used in this system to create a decentralized network.

What Does It Do?

The Restaked Roll-ups in the project use the system of Actively Verified Services (AVS). They are divided into 3: VITAL (AVS for Decentralized Verification), MACH (AVS for Fast Results), SQUAD (AVS for Decentralized Ranking).

It is exactly such a protocol that offers many opportunities to its users. There is an opportunity for non-developers and users who do not know how to code to produce customized Roll-ups in a very short time like 2 minutes.

The post AltLayer Raised $14.4 Million in Investment Round! appeared first on Coin Engineer.

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Bitcoin (BTC), which suffered a sharp sell-off in recent days and fell to $38,500 levels, made a good reaction on the previous day and rose by about 5%. With this rise, the price managed to enter the current range structure again. The fact that the price ended its rise at the level of $42,000, which is the previous resistance level it could show, seems to indicate that it is not willing to go up.

If the price can break the $42,000 levels, we can watch a nice rise if the correction it makes also holds on to the lower support region of the range structure. The first region it wants to target seems to be the FVG (price gap) region drawn in blue. We are in an important area to be monitored.

Bitcoin and Cryptocurrencies: Latest Status – January 27

Bitcoin (BTC): The BTC/USDT pair has gained 3.61% in the last 24 hours and is trading at $41,598. The resistance levels for BTC are first $42,000, followed by $43,300. The support levels are $40,200 and below this region, $38,500.

Ethereum (ETH): The ETH/USDT pair has gained 2.24% in the last 24 hours and is trading at $2,262. The first resistance level for ETH is $2,400, followed by $2,600. The support levels are $2,100 and then $1,900.

Near Protocol (NEAR): The NEAR/USDT pair has gained 0.88% in the last 24 hours and is currently trading at $2.865. The resistance levels for NEAR are first $3.1, followed by $3.260. The support levels are $2.8 and then $2.5.

Altlayer (ALT): The ALT/USDT pair has gained 7.80% in the last 24 hours and is currently trading at $0.36212. The resistance levels for ALT are first $3.70, followed by $4. The support levels are first $3.465-3.48, followed by $3.12-3.14.

Fantom (FTM): The FTM/USDT pair has increased 6.45% in the last 24 hours. It is currently trading at $0.3653. The resistance levels are $0.38 and $0.42. The support levels are first $0.3570, followed by $0.33.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Bitcoin and Cryptocurrencies: Latest Status – January 27 appeared first on Coin Engineer.

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The AltLayer (ALT) token and claiming process went live on January 25 at 9:00 UTC. While 300 million tokens were allocated in the initial airdrop, the total, with an average daily price of $0.32, amounts to about $96 million at current prices. Don’t worry, you will have a month to claim your $ALT tokens.

Celestia investors who want to participate in the ALT airdrop will have to wait a while longer, as AltLayer stated that “technical differences in the demand mechanism” for Celestia are delaying the airdrop.

Dymension Airdrop

Multi-layer rollup distributor Dymension plans to launch its Mainnet soon and will airdrop 70 million DYM tokens, which will be distributed primarily to Celestia investors and Pudgy Penguin unique token holders, but will also be distributed to Solana and Ethereum ecosystem participants.

The claim period for Dymension ended on January 21, so investors who did not claim the airdrop have now missed out. According to pre-market perpetual futures trading on decentralized exchange Aevo, the Dymension airdrop will be worth about $210 million to its recipients at current prices.

DYM is currently trading at around $3 in pre-market transactions. Meanwhile, Solana-based decentralized exchange Jupiter confirmed that it will launch its JUP token on January 31. A total of 1 billion tokens are being distributed during the airdrop, and with the current JUP perpetual futures trading at around $0.41 in pre-market, the airdrop will be worth about $410 million at current prices.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post 700 Million Dollars in Airdrops in Just One Week! appeared first on Coin Engineer.

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The project has developed these capabilities with a system called Restaked Roll-up. Thanks to Restaked, Roll-ups can be produced in the fastest and safest way using Roll-up stacks such as OP Stack, Arbitrum Orbit, ZKStack, and Polygon CDK. Additionally, this system uses the EigenLayer restaking mechanism to create a decentralized network.

What does it do? What opportunities does it offer?

The Restaked Roll-ups in the AltLayer project use the Actively Verified Services (AVS) system. These are divided into three: VITAL (AVS for decentralized verification), MACH (AVS for fast results), and SQUAD (AVS for decentralized sorting).

The AltLayer project, which is built on such a protocol, offers many opportunities to users. Users who are not developers and do not know how to code have the opportunity to produce Customized Roll-ups in a very short time, such as 2 minutes.

In addition, the AltLayer project interacts with and supports many DA layers such as OP Stack, Starkware, Celestia EigenLayer, and Avail.

In addition to these, there is one more innovation. This innovation in the Roll-up design area is the concept of Ephemeral Roll-up. The benefits of this are as follows:

• A fast and scalable application on the Layer 1 side can produce Roll-ups faster.
• This Roll-up can be used seamlessly for the duration of its need.
• Roll-up can be thrown away with the “expiration date” option, if desired.

What makes the AltLayer project so important?

Roll-ups are used in many places. But many of them are designed for general purposes or for application-specific uses. Today, Roll-ups can be produced heterogeneously using Arbitrum Orbit or ZKStack. However, AltLayer offers a universal and neutral protocol against this situation.

What is the ecosystem of the AltLayer project?

AltLayer works with Dapp developers to build partnerships with many projects in the ecosystem. In this way, it aims to both help new projects and grow with them. Currently, they have announced their partnerships with Arbitrum, Optimism, Polygon, Singularity, Snapshot, and many more projects.

The people behind the project

In addition to having many partnerships, the supporters of AltLayer also consist of important companies and individuals. For example, these include Kain Warwick, the founder of Synthetix, and Balaji Srinivasan, the former CTO of Coinbase.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is AltLayer (ALT), Binance’s new Launchpool project? appeared first on Coin Engineer.