Important Levels for Bitcoin Intraday

The BTC/USDT pair has lost 0.21% in the last 24 hours and is currently trading at $72,354. Bitcoin continues its sideways movement, with potential spikes both upward and downward. A close above $73,800 is needed for an upward trend, but caution is advised as spikes can occur, followed by significant pullbacks. The support range is between $71,800 and $70,200. It’s essential to wait for a confirmed close before taking positions.

Ethereum (ETH): The ETH/USDT pair has lost 1.46% in the last 24 hours and is currently trading at $2,641. Resistance levels are at $2,684 and then $2,750, while support levels are at $2,635 and $2,525.

BNB (BNB): The BNB/USDT pair has dropped 3.14% in the last 24 hours, trading at $583. Resistance levels are at $596 and $612, with support at $575 and potentially $525 if the decline deepens.

Avalanche (AVAX): The AVAX/USDT pair has decreased by 2.05% to $25.85. Resistance is at $27 and $29, while support is at $25.80 and $23.80 if the decline continues.

Dymension (DYM): The DYM/USDT pair has fallen 3.31% to $1.51. Resistance is at $1.60 and $1.80, with support at $1.47 and $1.27 if the decline deepens.

Trending Coins: In the last 24 hours, trending coins include Grass (GRASS), RabBitcoin (RBTC), and Phil (PHIL). The top gainers are Grass (GRASS), PONKE (PONKE), and Fwog (FWOG). The most significant losers are DOG*TO*THE*MOON (RUNE) (DOG), Metaplex (MPLX), and Gigachad (GIGA).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, the notable liquidation level on the upper side is $73,168, with a liquidation amount of $28 million. On the lower side, the key level is $71,741, which has a liquidation amount of $27 million.

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The post Current Status of Bitcoin and Cryptocurrencies – October 31 appeared first on Coin Engineer.

What is Dymension?

Dymension is a groundbreaking digital infrastructure in the cryptocurrency world, offering a unique version of the internet that provides a secure, interactive, and liquid environment. The Dymension platform is specifically designed for specialized applications called RollApps. These are typically small programs tailored to perform specific functions.

Dymension can be likened to digital “land,” where RollApps securely reside and operate. The platform acts as a digital “bridge” that facilitates seamless communication between these applications and the broader crypto economy. This means that each application can operate independently while still interacting with other applications and services.

To ensure platform security, Dymension utilizes its native cryptocurrency, DYM. Security in this system is maintained by validators, who are responsible for safeguarding the platform and verifying transactions. These validators stake DYM tokens, locking them as collateral to ensure the smooth operation of the system.

One of the platform’s standout features is its built-in Automated Market Maker (AMM). This mechanism allows RollApps to share liquidity (i.e., the ease of buying and selling assets) among themselves and with the broader crypto economy. This feature enhances the efficiency of asset transfers and transactions between different applications.

In summary, Dymension is an innovative platform in the crypto and blockchain technology space that enables applications to connect more securely, interactively, and liquidly with each other and the broader economy. This platform makes blockchain technology more accessible and user-friendly for both beginners and experienced users.

What is DYM Coin?

DYM Coin is the native cryptocurrency of the Dymension ecosystem and plays a crucial role in ensuring the platform’s security.

DYM tokens are used within the DPoS (Delegated Proof of Stake) mechanism to select and reward validators, which helps maintain the network’s security and stability.

What is DYM Coin Used For?

DYM Coin serves several functions within the Dymension ecosystem. Primarily, it is staked by validators as part of the network’s security. Additionally, it is used to pay transaction fees within the platform, participate in governance voting, and facilitate trading within the ecosystem through the built-in Automated Market Maker (AMM), which simplifies liquidity and asset transfers between RollApps.

How to Buy DYM Coin

DYM Coin can be safely traded on Binance, the world’s largest cryptocurrency exchange by trading volume.

To purchase DYM Coin, you must first sign up for an account on Binance. After completing the registration, you’ll need to transfer cryptocurrency or fiat currency, such as Turkish Lira, to your Binance wallet. Once the transfer is complete, you can buy DYM Coin using any of the available pairs.

To make a purchase through the DYM/USDT trading pair on Binance, navigate to the pair’s trading interface. In the “Limit” tab, enter the amount you wish to buy and complete the transaction by placing a “Buy DYM” order.

By following these steps, you can safely acquire DYM Coin on Binance, one of the most trusted cryptocurrency exchanges globally.

You can also 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 DYM Coin? Dymension (DYM) Project appeared first on Coin Engineer.

Bitcoin (BTC)

After being rejected at the $68,600 resistance level, Bitcoin is currently trading at $67,600. The price peaked at $68,900 before declining to $66,600. If Bitcoin fails to find support at $67,000, the next support level is $66,000.

• Current Price: $67,600
• 24-hour Change: -1.00%
• Resistance Levels: $68,600, $69,600
• Support Levels: $67,000, $66,000

Ethereum (ETH)

Ethereum has gained 1.1% in the last 24 hours and is currently trading at $3,780. The resistance levels are at $3,840 and $3,970, while the support levels are at $3,730 and $3,650.

• Current Price: $3,780
• 24-hour Change: +1.1%
• Resistance Levels: $3,840, $3,970
• Support Levels: $3,730, $3,650

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Tron (TRX)

Tron has seen a 0.6% decline in the past 24 hours and is now trading at $0.1110. The resistance levels are at $0.1137 and $0.1163, with support levels at $0.1103 and $0.1080.

• Current Price: $0.1110
• 24-hour Change: -0.6%
• Resistance Levels: $0.1137, $0.1163
• Support Levels: $0.1103, $0.1080

Pixels (PIXEL)

Pixels has surged by 4.8% in the last 24 hours, trading at $0.4144. The resistance levels are $0.4380 and $0.4460, with support at $0.4148 and $0.3965.

• Current Price: $0.4144
• 24-hour Change: +4.8%
• Resistance Levels: $0.4380, $0.4460
• Support Levels: $0.4148, $0.3965

Dymension (DYM)

Dymension has increased by 3.1% over the past 24 hours and is currently priced at $2.99. The resistance levels are $3.08 and $3.13, with support at $2.89 and $2.80.

• Current Price: $2.99
• 24-hour Change: +3.10%
• Resistance Levels: $3.08, $3.13
• Support Levels: $2.89, $2.80

Stay updated with the latest trends and key levels for these cryptocurrencies to make informed trading decisions.

The post Current Status of Bitcoin and Cryptocurrencies! – June 1 appeared first on Coin Engineer.

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Bitcoin is currently continuing to push the $52,000 resistance, but there has not yet been a close above $52,000. If a close above $52,000 occurs, it will be possible to rise up to $56,000. However, if there is not enough volume, a pullback from here is also possible.

Bitcoin and Cryptocurrencies

Bitcoin (BTC): The BTC/USDT pair has gained 0.22% in the last 24 hours and is trading at $51,940. The resistance levels for BTC are first $52,400, and then the $56,000 level. Support levels are at $51,600 and if below this region, at $49,500.

Ethereum (ETH): The ETH/USDT pair gained 0.12% in the last 24 hours and is trading at $2,779. The first resistance level for ETH is $2,856, followed by $2,955. The support levels are first $2,750, and then $2,589.

Uma (UMA): The UMA/USDT pair lost 3.45% in the last 24 hours and is trading at $4.40. The first resistance level for UMA is $4.67, followed by $5.09. The support levels are first $4.19, then $3.97.

Dymension (DYM): The DYM/USDT pair lost 3.85% in the last 24 hours and is trading at $7.96. The first resistance level for DYM is $8.46, followed by $8.74. The support levels are first $7.83, then $7.27.

Phoenix (PHB): The PHB/USDT pair gained 2.05% in the last 24 hours and is trading at $1.12. The first resistance level for PHB is $1.19, followed by $1.30. The support levels are first $1.08, followed by $1.02.

The post The Latest Status in Bitcoin and Cryptocurrencies! – February 15 appeared first on Coin Engineer.

The new spot trading pairs will be DYM/BTC, DYM/USDT, DYM/FUSD, and DYM/TRY. Users will be able to deposit DYM assets to Binance before the listing.

Withdrawal transactions will also be open at the time of listing.

What is the Dymension (DYM) Project?

It is a multi-layered protocol that serves high-performance blockchains and includes application-specific modular execution environments called RollApps.

The post Breaking News: Binance Lists Dymension (DYM)! appeared first on Coin Engineer.

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In the past 24 hours, trading volumes on Solana-based decentralized exchange (DEX) Jupiter have skyrocketed to the top of the charts, surpassing $520 million, driven by a new memecoin airdrop and increased stablecoin trading activity.

The trading activity showed that Jupiter’s Ethereum-based volumes on Uniswap, both v2 and v3 protocols, exceeded $10 million, with a combined trading volume of just $520 million in the past 24 hours, according to CoinGecko data.

Any Solana user who has traded on Jupiter in the past six months has seen a new airdrop that can be claimed by owners of the Saga phone if they have traded over 50 million Jupiter, which is a little over the total daily trading volume. This airdrop comes from traders buying and selling Wen.

WEN Airdrop on Jupiter

The Memecoin was actually designed as an experiment by Jupiter developers ahead of the highly anticipated airdrop of its native JUP token, which is scheduled to launch on January 31st.

Prior to the sale, JUP tokens are currently trading at around $0.70 on Decentralized exchange Aevo at the time of writing. The estimated airdrop of 1 billion JUP tokens could exceed $600 million at current prices.

The market excitement surrounding Wen and JUP is coupled with the surge in projects announced in the crypto ecosystem with airdrops. For example, on January 25th, Ethereum scaling solution AltLayer plans to airdrop users $100 million worth of tokens.

Additionally, multi-layer aggregation distributor Dymension plans to launch its Mainnet in the coming days and will reward eligible users with airdrops of a total of 70 million DYM tokens worth $210 million, prior to the sale.

The post Jupiter Surpasses Uniswap! 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.