Bitcoin Intraday Key Levels

The BTC/USDT pair has dropped 0.15% in the last 24 hours and is currently trading at $96,422. Bitcoin (BTC) experienced a minor correction after reacting from the previously identified $97,362 resistance. If the upward trend continues, the resistance level remains at $97,362, while the support levels are at $94,703 and $93,138.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has decreased by 0.58% in the last 24 hours and is trading at $3,438. Resistance levels for ETH are at $3,440 and then $3,535, while support levels are located at $3,290 and $3,217.

Cardano (ADA): The ADA/USDT pair has gained 11.21% in the last 24 hours and is currently trading at $1.05. Resistance levels for ADA are at $1.06 and $1.12, while support levels lie at $0.0997 and, if the drop deepens, $0.0995.

Gala (GALA): The GALA/USDT pair has risen by 5.35% in the last 24 hours and is trading at $0.040. Resistance levels for GALA are $0.041 and $0.047, while support zones are at $0.038 and $0.036 in case of further declines.

Polkadot (DOT): The DOT/USDT pair has increased by 2.81% in the last 24 hours and is trading at $7.49. Resistance levels for DOT are at $7.58 and $7.79, while support areas are $7.01 and $6.85 if the decline deepens.

Trending Coins

In the last 24 hours, trending coins in the crypto market include Akuma Inu (AKUMA), Virtuals Protocol (VIRTUAL), and Simon’s Cat (CAT). Among the top gainers are SPX6900 (SPX), UXLINK (UXLINK), and Snek (SNEK), while the biggest losers are Freysa AI (FAI), AI Rig Complex (ARC), and Zerebro (ZEREBRO).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map of Bitcoin, significant liquidation levels are noted at $97,314 with $21.90 million above and $95,645 with $27.40 million below.

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A recent altcoin listing from South Korea has sparked notable activity in the crypto world. Bithumb, the country’s second-largest cryptocurrency exchange, announced the listing of two altcoins, UXLINK and Solana Name Service (FIDA), for trading on the Korean Won (KRW) market. This unexpected move has led to sudden price spikes in both tokens, drawing significant attention from investors.

Bithumb’s Listing Announcement and Details

By adding UXLINK and FIDA, Bithumb is providing new opportunities for altcoin investors. These tokens will now be available for trading in the Korean Won market, giving investors more options within the Korean crypto space.

Bithumb clarified that UXLINK will trade on the Arbitrum One network, a Layer 2 scaling solution known for its low transaction fees and fast processing times. This integration allows investors to manage their UXLINK investments more efficiently. However, the exchange stressed that deposits from other networks will not be supported, emphasizing the importance of selecting the correct network during transactions.

On the other hand, FIDA operates on the Solana (SOL) network. Solana is known for being a high-performance blockchain with low fees and a thriving ecosystem, particularly in the DeFi and NFT sectors. FIDA is the native token of Solana Name Service, which allows users to replace complex wallet addresses with human-readable names, making DeFi and crypto transactions more user-friendly.

Price Spikes in the Crypto Markets

Bithumb’s listing announcement caused rapid price increases in both UXLINK and FIDA. Following the news, these tokens quickly garnered interest from investors, leading to substantial gains in value. Listings of this nature typically result in short-term price surges, as seen here. This uptick has attracted attention from both South Korean and global crypto investors.

Listings on major exchanges, like Bithumb, often boost confidence in projects and increase demand. Being listed on a large exchange enhances a project’s visibility and liquidity, as is the case with UXLINK and FIDA. These listings have had a positive impact on the market perception of both projects, highlighting their technical features and future potential, which appeal to investors.

For further reading, you might find this interesting: China Remains a Bitcoin Mining Leader Despite Ban

Why Are UXLINK and Solana Name Service (FIDA) Important?

UXLINK, through its integration with the Arbitrum One network, allows users to conduct faster and cheaper transactions. Arbitrum One is a Layer 2 solution designed to tackle Ethereum’s scalability issues, positioning UXLINK as a potentially significant player in the DeFi and decentralized application space.

FIDA, on the other hand, is the native token of Solana Name Service, a crucial component of the Solana ecosystem. Solana Name Service enables users to simplify their wallet addresses into human-readable names, making transactions more secure and user-friendly. With Solana’s reputation for fast transaction speeds and low fees, FIDA stands at the center of this growing ecosystem. The increasing developer interest and adoption within the Solana network further enhance FIDA’s potential value.

South Korea’s Crypto Market and Bithumb’s Influence

South Korea is recognized as a major player in the global crypto market. Cryptocurrencies enjoy significant popularity in the country, with large exchanges like Bithumb handling substantial trading volumes worldwide. Bithumb’s listings often attract a great deal of interest, and news of such listings frequently leads to notable market fluctuations.

The listing of UXLINK and FIDA on Bithumb has sparked heightened interest in these projects within South Korea’s crypto community, facilitating their rapid adoption. Despite strict regulatory oversight, cryptocurrencies continue to have a broad user base in the country, and investor interest in new projects is consistently growing.

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Before this listing news, UXLINK was already riding a wave of upward momentum. Since the announcement, the altcoin has seen its value soar by over 27% in just 24 hours.

Notably, UXLINK was not previously listed on Binance’s spot market. This move aligns with Binance’s recent strategy of listing altcoins not available on the spot market in its futures section. This tactic appears to be part of Binance’s efforts to recapture market share from other crypto exchanges.

With an approximate market cap of $70 million, UXLINK is also listed on major exchanges like OKX, Upbit, and Bybit. As a token within the Arbitrum ecosystem, UXLINK aims to enhance the adoption of Web3 social media platforms through its decentralized social exchange model.

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The post Binance Unveils Unexpected Weekend Listing: UXLINK Joins Futures Market appeared first on Coin Engineer.

UXLINK Listing Announcement

According to the statement made on Upbit’s official website on September 3, UXLINK will be listed on the exchange on September 3 at 16:00 TSI. With this listing, deposits for UXLINK will only be made via the Arbitrum One network. Upbit also warned its users that transfers should not be made from other networks.

Users will be able to trade these trading pairs on the Upbit listing:

• UXLINK/BTC
• UXLINK/USDT
• UXLINK/KRW (South Korean Won)

UXLINK Price Increased Nearly 100 Percent After Upbit Listing

Following this announcement by Upbit, the price of the UXLINK coin experienced a rapid increase. According to CoinGecko data, UXLINK increased by 88% in the 10 minutes after the announcement. The value of the cryptocurrency, which was at $0.148 before the announcement, increased to $0.4 and is currently trading at $0.32.

This sudden price increase once again revealed the impact of Upbit’s listing announcement on investors and how new listings can affect the prices of cryptocurrencies.

Might interest you: Former CEO of BitMEX Explains Why Upcoming Fed Rate Cuts May Not Boost Bitcoin Prices

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OKX to List UXLINK (UXLINK) for Spot Trading

Deposit Opening: July 15, 2024 at 09:00

Spot Trading Starts (UXLINK/USDT): July 18, 2024 at 11:00

Withdrawals: July 19, 2024 at 13:00

UXLINK is a web3 social platform designed for users and developers to discover and distribute crypto projects and assets in a socialized, group-based manner.

Here are some additional details about the asset:

Asset Name: UXLINK

Ticker: UXLINK

Total Supply: 1,000,000,000

Contract Address: 0x1A6B3A62391ECcaaa992ade44cd4AFe6bEC8CfF1

WHAT IS UXLINK?

In early June, UXLINK officially announced that it has over 10 million registered users, becoming the first product in the Web3 SocialFi category to reach tens of millions of users.

UXLINK is a user-centric Web3 social platform aimed at mass adoption, targeting to be a social DEX and infrastructure.

UXLINK offers a suite of dApps integrated with Telegram. These applications cover recruitment, chart creation, group tools, and socialized Web3 interactions.

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The post OKX Exchange Lists New Altcoin UXLINK! appeared first on Coin Engineer.

UXLink offers a range of dApps integrated into Telegram. These apps cover hiring, chart creation, group tools, and socialized Web3 interactions.

It adopts a dual-token economy model to provide simplicity, balance, and efficiency. This strategic balance aims to enhance the user experience and strengthen the platform.

Mission and Principles

• Social Hub: Aims to become the leading social platform that focuses on two-way connections, as in the real world.
• Bridge for All: Aims to bring together 100 million users by bridging Web2 and Web3.
• Social Welfare: Aims to develop an inclusive and rewarding socio-economic community.
• User Sovereignty: Aims to enable users to have control over online identities, social connections, and social data, and to protect data privacy.
• Real World Connections: Recognizes the real world connections that they perceive as a significant gap missing on the blockchain.

What Does it Aim to Solve?

• Uncertainty in social data ownership
• Trust
• Financial inequality

To overcome these problems, it aims to ensure trust and improvement for everyone by integrating social interactions and discussions into a socialized experience.

Services Provided to Users

• UX Invite: Allows users to create on-chain social graphs.
• UX Wallet: A wallet that offers users advantages such as social recovery with private key, simple storage, and security.
• UX DID/Profile (SBT): Allows users to create Web3 accounts with apps such as Telegram or WhatsApp.
• UX-Trade: Enables users to trade cryptocurrency.
• UXLink Protocol: UXLink Protocol, located on the Arbitrum network, is a protocol that provides secure and cost-effective services for UXLink for developers.

Services in Development

• AI GroupKit Bot: A decentralized AI dApp that allows individuals and projects to build and manage their communities, suitable for Telegram system.
• AI Assistant: Enables online and quick finding of crypto-related information with the help of artificial intelligence.
• UX Interact: Allows users to conduct Web3 interactions such as financial subjects, individual and group interactions.

How Does it Work?

The owners of the networks and data are not UXLink, but the users.

• Gas Fee: UXLink takes a certain percentage of fees, known as “gas fee”, for data movement.
• Service Fee: Service fee can be obtained when dApp developers need help from the community to attract new audiences.
• Product Sales: The community or project can develop products such as tools or NFTs.

The received tokens include the local cryptocurrency of the ecosystem, $UXLINK, and other cryptocurrencies. The generated fees are transferred to community development and token management.

Roadmap

The UXLink community has developed a 4-year roadmap with the aim of becoming one of the world’s largest Web3 social dApps.

In 2023;

• UX Invite, UX Wallet, UX SBT/Profile, UX Tasks and AI GroupKits were introduced.
• Litepaper and the roadmap were shared.
• It reached 1 million users.
• The number of community members reached 100,000.
• $UXLINK airdrop took place.

Details related to the future planned roadmap are available in the image below:

Partners and Supporters

How to Use UXLink?

UXLink, which does not require any financial need or blockchain wallet, can be used with just a Telegram account and an invitation from an acquaintance. Users can become members of UXLink by accessing the interface within Telegram through the official UXLink Telegram bot or an invitation connection from another user.

What is UXUY?

UXUY is UXLink’s reward system for community and ecosystem development. Users can earn UXUY by inviting others or contributing to the ecosystem.

Ecosystem’s Local Token: $UXLINK

The upcoming governance token of the project, $UXLINK, is the local cryptocurrency of the ecosystem necessary for governance and to benefit from the UXLink project and products.

Token Supply

The supply of the token is limited so that it cannot exceed 1 billion.

It is planned to be distributed with 65% of the supply for the community, 21.25% for the partners, 8.75% for the team, and 5% for the treasury.

If there is a change in the distribution structure, the team will publish it transparently.

Token Distribution

• Community: $UXLINK will be distributed to active users as an airdrop. There is no lock-up period, and it can be accessed instantly.
• Partners: They have an initial lock-up period of 3 months. After that, it will be distributed once every 3 months over a 2-year period.
• Team: They have an initial lock-up period of 6 months. After that, it will be distributed once every 3 months over a 2-year period.
• Treasury: It has a flexible distribution model.

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