Top 10 BRC-20 Tokens on Bitcoin

These tokens are gaining popularity in the crypto world due to their unique features and benefits. Here are the top 10 BRC-20 tokens

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Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

Optimism (OP) has been one of the hardest-hit cryptocurrencies over the last week as bearish sentiment around the coin rose rapidly. The reason for this was a massive amount of OP tokens that were unlocked this week, leading to significant buy pressure on the digital asset. However, the bearish trend does not seem to have ended yet given that the altcoin could see more buying pressure. $600 Million Token Unlock Sends Optimism Spiralling On Tuesday, Optimism saw one of its largest token unlocks when over 300 million were released into circulation. These tokens accounted for around 9% of the total OP supply, which was a significant amount to move into the market, especially during a bear market. Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close The coins totaling 386 million OP at the time were worth approximately $600 million. This meant that there was now $600 million worth of new potential selling pressure for the token and the altcoin began to respond before the unlock was live. In the hours leading up to the massive unlock, OP’s price first dropped around 7%. But then the unlock triggered further sell pressure and by the time the sellers were done for the day, the digital asset had already lost more than 20% of the value it began the day with. OP falls to five-month low | Source: OPUSD on TradingView.com More Pain To Come For OP Holders? While it does seem that OP sellers are starting to tire out, the bearish case for the altcoin continues. This is because the $600 million unlock was only the first unlock for core contributors and investors, meaning VCs and others. Data from Token Unlocks shows that Optimism has another token unlock coming up at the end of June for a total of 24.15 million tokens. This means that a month from now, another $34.5 million worth of tokens will be unlocked. This 0.562% of supply may be smaller than the 9% unlock that took place in May but it will put selling pressure on the token nonetheless. $34.5 million in OP set to be unlocked on June 30 | Source: Token Unlocks At the time of writing, the coin is down 10% on the daily chart and 33% on the monthly chart. OP’s price has now fallen to $1.37, a price level that has not been seen since January. This is a 50% decline from its 2023 highs. Related Reading: Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run If the bulls fail to recover OP’s price this week, then it could fall below the $1.3 support. A fall below this level would be detrimental to holders as the next likely support for the digital asset would sit at $1.2, prompting a further 10% drop. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Coin Culture, chart from TradingView.com

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Optimism set to unlock $587M worth of OP tokens, will investors unload?

More than 386 million OP tokens are scheduled to be unlocked on May 31, more than doubling the total circulating supply.

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Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the [...]

The post Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop appeared first on Crypto Breaking News.

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ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn [...]

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Top tokens that will get you into GameFi in August

ApeCoin (APE/USD), Decentraland (MANA/USD), and The Sandbox (SAND/USD) are some of the best GameFi tokens that you can get on August 19.

On August 18, 2022, Rarible shared its proposal of creating an ApeCoin marketplace with 0% fees built by Rarible.

On August 20, 2022, Decentraland is hosting a virtual event with The British Blockchain Association Metaverse Headquarters Launch.

Gordon Ramsay also revealed that Hell’s Kitchen is coming to the metaverse through The Sandbox.

All of these developments can boost the value of each cryptocurrency.

On August 19, 2022, ApeCoin (APE) had a value of $5.268.

When we go over the all-time high of the cryptocurrency, ApeCoin (APE) had its ATH on April 28, 2022, at a value of $26.70.

Going over its performance in July, ApeCoin (APE) had its lowest point of value on July 13 at $4.2095. Its highest point was on July 31 at $7.1793.

Here we can see that the cryptocurrency climbed in value by $2.9698 or by 70%.

With this in mind, buying APE might be a solid opportunity as it can reach $8 by the end of August 2022.

On August 19, 2022, Decentraland (MANA) had a value of $0.8537.

Looking at the token’s all-time high, Decentraland (MANA) had its ATH on November 25, 2021, at a value of $5.85.

Looking at how the cryptocurrency performed in July, Decentraland (MANA) had its lowest point of value on July 13 at $0.7663.

Its highest point of value was on July 30 at $1.086. This marked an increase in value of $0.3197 or 42%.

With this in mind, buying Decentraland might be appealing for a lot of investors as we can expect it to climb to $1.3 by the end of August 2022.

On August 19, 2022, The Sandbox (SAND) had a value of $1.0656.

When we go over the all-time high point of value, The Sandbox (SAND) reached its all-time high at a value of $8.40 on November 25. 2021.

Going over the performance of the token throughout the previous month, The Sandbox (SAND) had its lowest point of value on July 3 at $1.0107. Its highest point was on July 20 at $1.4803.Here we can see an increase in value of $0.4696 or 46%.

With all of this taken into consideration, some investors might want to buy the SAND cryptocurrency due to the fact that it can reach $1.8 by the end of August.

The post Top tokens that will get you into GameFi in August appeared first on Invezz.

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Top tokens to get on August 11, 2022: ADA, LINK, and QNT

Cardano (ADA/USD) and Chainlink (LINK/USD) and Quant (QNT/USD) are some of the best cryptocurrencies that you can get on August 11, 2022.

The on-chain analysis platform Messari observed that Cardano is priced more aggressively when compared to owning other growing ecosystems due to the anticipation surrounding the Vasil Hard Fork. 

Furthermore, the market seems to be expecting a significant improvement after the much-anticipated upgrade, according to the report.

We also covered how Chainlink announced that it will not support the Ethereum fork version of the blockchain and will put its main focus on the Proof-of-Stake (PoS) chain after “the Merge.”

Quant (QNT) is another cryptocurrency that has showcased significant accumulation and is an Ethereum token that is used to power Quant Network’s Overledger enterprise software solution that can connect public blockchains and private networks. 

On August 11, 2022, Cardano (ADA) had a value of $0.5372.

The all-time high of Cardano (ADA) was on September 2, 2021, at a value of $3.09.

When we go over its performance throughout the previous month, its lowest point of value was on July 13 at $0.4092.

Its highest point of value, however, was on July 30 at $0.5502. Here we can see an increase in value of $0.141 or by 34%.

With this in mind, we can expect ADA to reach $0.8 by the end of August 2022.

We can see that the ADA token is a strong buy as of August 11, 2022, so buying the ADA token could represent a solid opportunity.

On August 11, 2022, Chainlink (LINK) had a value of $8.967.

When we take a look at its all-time high point of value, Chainlink (LINK) reached a value of $52.70 on May 10, 2021.

Looking at its performance in July, LINK had its lowest point on July 13 at $5.8256.

Its highest point was on July 30 at $8.1747.

This gives us an indication that the LINK cryptocurrency has increased in value by $??2.3491 or by 40%.

Here we can see that LINK is a strong buy, as it can climb up to $12 by the end of August 2022, and you can do so here.

On August 11, 2022, Quant (QNT) had a value of $128.71.

Looking at its all-time high, Quant (QNT) reached a value of $427.42 on September 11, 2021.

Going over the performance of the QNT cryptocurrency throughout the previous month, its lowest point of value was on July 1 at $52.29. 

Its highest point, however, was on July 19 at $112.38. This marked an increase in value of $60.09 or 115%.

This gives us an indication that QNT can climb up to $140 by the end of August 2022. For those looking to invest in QNT, we can see that it is showcasing a strong buy signal as of August 11, 2022.

The post Top tokens to get on August 11, 2022: ADA, LINK, and QNT appeared first on Invezz.

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Optimism airdrop overwhelmed by all-time high demand: ‘Scaling is hard’

“Wow, what a day. OP Drop #1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work,” Optimism stated.

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Optimism Airdrop Confirmed – Here’s how to Claim OP Tokens for free

The Optimism crypto project is a known "Layer 2" scaling solution for Ethereum. Here's what to know about Optimism airdrop & how to claim OP.

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