500 Million Dollar Lock-Up on dYdX – Axie Infinity Demand Increases

500 Million Dollar Lock-Up at dYdX

150 million tokens will be unlocked at midnight on December 1st. This corresponds to approximately 30% of the total supply. This 30% token will be allocated to investors, founders, past and future employees.

Demand for Axie Infinity

AXS, which has increased by more than 30% in the last 7 days, is increasing in demand as the popularity of the game and the number of users increase. One of the reasons for the price increase is that the game’s economy is undergoing a serious update. Then a new NFT collection, Origin, is coming. Origin will be Axie Infinity’s new game series.

Chainlink Staking v0.2 Launch Coming Soon

Chainlink is preparing to release the updated Staking v0.2 in three days. In addition, Chainlink will offer a special nine-day transition period for existing v0.1 stakers starting November 29th. This transition period will allow users to seamlessly transfer their staked LINK tokens and accumulated rewards to the new v0.2 system.

Collaboration between Circle and SBI Holdings

Circle will partner with Tokyo-based financial services firm SBI Holdings to increase adoption of USDC and Web3 services in Japan. Additionally, Circle announced on November 27th that it signed a memorandum of understanding with SBI Holdings that will support USDC’s strategic expansion into Japan.

Cosmos Hub Gives Green Light to Inflation Cuts

Cosmos Hub’s governing body approved Cosmos’ proposal to reduce the maximum inflation rate from 14% to 10%. With the approval of this proposal, ATOM’s annualized staking yield will fall from approximately 19% to 13.4%.

Cardano in Testing Phase for Chat Bot Girolamo

CardanoGPT announced the beta launch of Girolamo, an AI-powered chatbot, marking a significant step in its commitment to integrate artificial intelligence (AI) and blockchain technology. As Girolamo progresses through the beta phase, it promises to contribute to the development of blockchain solutions integrated with artificial intelligence.

The Whale Who Bought Ethereum at $0.31 Wakes Up

According to Lookonchain data, the whale that bought Ethereum at $0.31 during the ICO period woke up from a 3-year sleep. 3039 days ago, he bought 100,000 ETH from Ether’s GENESIS wallet at $0.31 apiece. At that time, the total value was worth 31,000 dollars, but today it has risen to 207 million dollars. The whale transferred a total of 20,000 ETH.

Strong performance from MicroStrategy Shares

Bitcoin bull MicroStrategy surpassed the $500 level at Friday’s close, reaching its highest level since December 2021. Bitcoin’s upward movement is thought to be effective on share performance. The company currently holds about 0.75% of Bitcoin’s total circulating supply.

———————————————————————————

BITCOIN(BTC)

Bitcoin is priced at $ 37,304 with a 0.37% loss in value as of today morning hours. The ascending channel structure is still intact. After losing the middle part of the canal, it moves to the lower part. If $ 37,000 is the support and this place works, an increase can be seen again to the upper part of the rising channel, up to $ 39,000. A loss of $37,000 could take the price to the next support position of $32,000.

ETHEREUM(ETH)

ETH, which lost 0.70% as of morning hours, is priced at $ 2049.17. It had a very successful retest after breaking the downtrend. 2050 dollars is an important support level, and if it breaks down, 2000 dollars can be tested again. If $2050 is working as support, $2135 must now be broken with volume in order for the rise to continue.

RIPPLE(XRP)

XRP is priced at $0.6096 as of morning hours, down 0.93%. 0.61 dollars is a strong support zone and its loss could take the price back to 0.58 dollars. If we determine this region as support, a rise up to $ 0.68 can be seen.

AVALANCHE(AVAX)

AVAX is priced at $ 20.86 with a 0.90% loss in value as of morning hours. It now seems that the permanence above $20 has been achieved. 22 dollars is the resistance zone and above this point, AVAX can take AVAX up to 24 dollars again. Pricing below $ 20 may see pullbacks down to $ 19.

SOLANA(SOL)

SOL is priced at $ 57.08 with a loss of 0.85% as of morning hours. SOL, which moved horizontally at the weekend, is trading in the $ 55-60 zone, which we have been following for a while. If the upward movement continues, the $ 60 and $ 61.40 levels can be followed as resistance zones. If these levels are exceeded, the $ 66 level can be tested. In case of a pullback, a movement towards the 51.60 region may be possible if the $ 55 support level is broken downwards.

CHAINLINK(LINK)

As of morning hours, LINK is pricing at 14.725 with a 0.29% loss in value. LINK, which tested the 15,200 resistance zone on Sunday, could not maintain above this level and retreated a little. 14,600 and 14 dollar levels can be followed as support. If the resistance level of 15,200 is broken upwards, a movement towards the 15,500 level can be seen.

AXS
AXS is priced at 6.99 with a gain of 4.48% as of morning hours. When we examine the daily chart, we see that the 6.68 resistance zone is broken upwards. It seems important to stay above this level for the continuation of the rise. As a resistance level, the 7.30 region appears before us. In case of a pullback, the 6.70 region can be followed as support.

FET

FET is priced at $ 0.5467 with a 2.28% gain in value as of morning hours. When we examine the daily chart, we see that the 0.5410 resistance level was broken upwards. In case of persistence above this level, the continuation of the rise can be seen. In case of a pullback, 0.54 and 0.52 regions can be followed as support.