the latest news on $SONIC:
Here's the latest news on $SONIC:
- *Token Launch*: $SONIC has officially launched and is now trading on several major exchanges, including Upbit, OKX, Bybit, Bitget, KuCoin, Gate, and MEXC ¹.
- *Initial Listing Price*: The token's initial listing price is around $0.64, with a fully diluted valuation of $1.53 billion ¹.
- *Trading Volume*: The 24-hour trading volume for $SONIC has reached almost $3 million, with an oversubscription of 10x compared to the initial amount requested ¹.
- *Mainnet Launch*: The mainnet launch for Sonic SVM is planned for February 10, which will introduce the network's core infrastructure components ².
- *Technical Advancements*: Sonic SVM's technical architecture, particularly its implementation of optimistic rollups and efficient consensus mechanisms, positions it to address current scalability challenges in blockchain infrastructure ².
- *Gaming Integration*: Sonic SVM has integrated with TikTok, allowing users to participate in a tap-to-earn game and collect rewards in the form of cryptocurrencies and NFTs ¹ ³.
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s price was due to a lack of demand growth. However, other voices in the crypto space argue that the current downtrend might be setting the stage for an impressive upswing in bitcoin’s value.
Bitcoin Stuck in Range as Declining Demand Pulls Down Price
September hasn’t been kind to bitcoin (BTC) this year, continuing a trend that stretches back to 2013 as the month often proves to be a tough one for the top crypto asset. BTC wrapped up August in negative territory, and Google Trends data suggests that public interest in bitcoin is lagging significantly. On Thursday, Julio Moreno, head of research at cryptoquant.com, shared his thoughts on X, pointing out that demand has dropped significantly.
“Bitcoin price is down simply because there is no demand growth. Indeed, demand is declining right now. Basically, all valuation metrics are in bearish territory,” Moreno wrote. “Price levels to watch: $55.5K – trader’s Onchain realized price lower band,” the researcher added.Bitcoin.com News logo
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Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
Jamie Redman
By Jamie Redman
Thu Sep 5 17:20:57 EST 2024
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s price was due to a lack of demand growth. However, other voices in the crypto space argue that the current downtrend might be setting the stage for an impressive upswing in bitcoin’s value.
Bitcoin Stuck in Range as Declining Demand Pulls Down Price
September hasn’t been kind to bitcoin (BTC) this year, continuing a trend that stretches back to 2013 as the month often proves to be a tough one for the top crypto asset. BTC wrapped up August in negative territory, and Google Trends data suggests that public interest in bitcoin is lagging significantly. On Thursday, Julio Moreno, head of research at cryptoquant.com, shared his thoughts on X, pointing out that demand has dropped significantly.
“Bitcoin price is down simply because there is no demand growth. Indeed, demand is declining right now. Basically, all valuation metrics are in bearish territory,” Moreno wrote. “Price levels to watch: $55.5K – trader’s Onchain realized price lower band,” the researcher added.
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
Chart shared on X by Cryptoquant’s head of research Julio Moreno.
When asked whether he believed BTC would hit all-time highs in Q4, Moreno responded:
Unfortunately, nobody knows that. That’s why we monitor demand and other metrics. Yes, seasonality is positive in Q4. But it also depends on the overall economic and bitcoin market conditions.
Meanwhile, as bitcoin continues to languish with its value slipping further, some are confident that an unexpected twist could be just around the corner. “Crypto Twitter feels like a ghost town, and most of the big Youtube influencers have finally turned bearish. That’s exactly when bitcoin might surprise everyone and do bitcoin things,” the X account Cryptomoon remarked. “Bitcoin Long Term Holder Supply is trending up. Not the time to be bearish,” another X account said.
Sharing a chart, the X account called The Gold Prairie wrote:I’m sick of this range, just like you. But maaaaan, does this look good. How can you be bearish on this setup?As bitcoin hovers in a critical price range, the market remains divided between bearish caution and bullish optimism. While some await further decline, others believe a breakout may be imminent. With uncertainty looming, the coming weeks could reveal whether bitcoin will defy historical trends or remain constrained by stagnant demand and fading interest. Many wholeheartedly believe Q4 will bring some excitement, as past trends suggest a strong possibility, especially during bull run years, just as Moreno mentioned.
However, as the Cryptoquant researcher also stressed, no one can predict the future with certainty. While data and charts provide useful hints, the market has a way of catching even the experts off guard. In the unpredictable world of crypto assets, surprises are always around the corner, and you can never truly know what’s coming next.
What do you think about bitcoin’s price action this week? Share your thoughts and opinions about this subject in the comments section below.
MomoAI ($MTOS): Revolutionizing Social Gaming with Web3 and AI 🚀
MomoAI is a pioneering Web3 socia
MomoAI ($MTOS): Revolutionizing Social Gaming with Web3 and AI 🚀
MomoAI is a pioneering Web3 social gaming platform that converges gaming, social interaction, blockchain technology, and artificial intelligence (AI). Its primary objective is to create immersive and innovative games that foster novel connections among users.
Key Features:
1. *Native Token*: $MTOS serves as the primary currency for in-game transactions, AI customization, and data analysis.
2. *Momo Games*: The flagship product offers engaging games accessible across multiple platforms, including Telegram, Solana, and X (formerly Twitter).
3. *Social Elements*: Integrated social features, such as group chats and friend invitations, promote participation and viral growth.
4. *Web3 and AI Integration*: Leveraging blockchain technology and AI to create a unique gaming experience.
Benefits:
1. *Enhanced Gaming Experience*: MomoAI's innovative approach combines social interaction, gaming, and AI-driven personalization.
2. *Decentralized and Secure*: Web3 technology ensures a secure, transparent, and community-driven gaming ecosystem.
3. *Monetization Opportunities*: $MTOS token holders can participate in in-game transactions, AI customization, and data analysis.
Conclusion:
MomoAI ($MTOS) is poised to revolutionize the social gaming landscape by integrating Web3, AI, and blockchain technology. Its innovative approach, decentralized ecosystem, and monetization opportunities make it an exciting project to watch. 🚀
MomoAI ($MTOS) is a Web3 social gaming platform that combines gaming, social interaction, blockchain technology, and AI. It aims to create engaging and innovative games that connect people in new ways.
The platform's native token, $MTOS, serves as the main currency for in-game transactions and accessing various services, including AI customization and data analysis.
MomoAI's flagship product, Momo Games, is accessible across multiple platforms like Telegram, Solana, and X (formerly Twitter). These games integrate social elements, such as group chats and friend invitations, to encourage participation and viral growth.