Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Gain Exclusive Access to the Yellow Network WaitlistExodus Makes NYSE American Debut as Crypto Enters Traditional Finance
Exodus Movement, Inc., a leading force in self-custodial cryptocurrency software, is poised for an influential debut on the NYSE American stock exchange. On December 18, 2024, the company’s Class A common stock, under the symbol “EXOD,” will begin trading. This significant shift from its current OTCQX trading symbolizes a pivotal moment for Exodus and its shareholders. The announcement was made official by the company, both in a formal statement and a post on X (formerly Twitter). “A step forward for Exodus. A leap forward for financial freedom. We’re proud to announce that our stock EXOD begins trading on the NYSE American on December 18,” reflected their message. This NYSE listing marks a milestone in Exodus' expanding presence within the cryptocurrency landscape, offering increased visibility to institutional and retail investors, enhancing liquidity, and raising the corporate profile within traditional financial markets. According to JP Richardson, CEO and co-founder of Exodus, this uplisting marks a testament to how dynamic companies can integrate into leading American stock exchanges. It is seen as a strategic move to augment trading fluidity and boost the company’s corporate image. "We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders," shared Richardson. The NYSE filing isn't Exodus' first attempt. Back in May 2024, there were similar plans for a listing. Despite previous delays, the company's resolve illustrates a dedication to connecting traditional finance (TradFi) with blockchain innovation, aiming to deliver long-term value for shareholders. Exodus’ NYSE debut is a testament to the increasing acknowledgment of crypto enterprises on Wall Street. While Exodus moves forward, other influential crypto names like Grayscale and ProShares wrestle with regulatory challenges. Grayscale waits for SEC approval for its cryptocurrency ETF on NYSE Arca. Meanwhile, ProShares seeks clearance for its spot Ethereum ETF. These movements suggest a cautious yet progressive adoption of digital assets within the TradFi space. The NYSE has taken initiatives to meet the surging interest in crypto-linked assets. Reports indicate a potential extension of trading hours for Bitcoin ETFs. This underscores the rising investor demand for digital exposure, showcasing traditional exchanges evolving to meet crypto sector needs rapidly. As NYSE and Wall Street gradually embrace cryptocurrencies, experts anticipate blockchain technology could resolve persistent issues in traditional share trading. With its transparency and efficiency, blockchain is poised to mitigate trading glitches occasionally affecting NYSE operations. These advancements promise a stronger trading infrastructure, serving both traditional and cryptocurrency markets effectively.
XRP Price Movement and the Rise of RCO Finance: A Token Gaining Attention in Defi
XRP’s price has been rising, and sparking renewed attention from crypto enthusiasts. Meanwhile, a lesser-known gem, RCO Finance , is gaining traction among experienced investors. With its innovative features and a growing presale, RCO Finance is emerging as a potential game-changer in decentralized finance. This token could be the next big thing within the evolving DeFi landscape. XRP Price Analysis: Steady Gains Amid Market Developments XRP has been on an impressive upward trajectory, captivating the attention of crypto enthusiasts worldwide. Recent market activity paints a bullish outlook for the token. Its market cap has been steadily closing above critical Fibonacci levels, signaling strong support for further growth. Ripple CEO Brad Garlinghouse recently highlighted favorable market conditions, including pro-crypto policy trends and a potential shake-up in U.S. regulatory leadership, further strengthening optimism. As XRP continues to gain attention, investors and crypto enthusiasts are closely monitoring its next moves. RCO Finance: Revolutionizing DeFi with AI RCO Finance is making waves as a transformative player in decentralized finance, offering a suite of features designed to empower investors and simplify portfolio management. Its innovative ecosystem combines advanced AI technology, investor-friendly tokenomics, and accessibility to a platform redefining the rules of investing. At the heart of RCO Finance is its AI-driven Robo Advisor, which empowers investors with intelligent insights and tailored recommendations. This feels like having a personal financial strategist available 24/7, optimizing your portfolio and minimizing risks. For instance, in a volatile market where people struggle with decision-making, this AI-driven tool can monitor fluctuations, identify opportunities, and suggest actionable steps to maximize returns or minimize losses. This level of intelligence ensures you always stay ahead, regardless of your level of investing. RCO Finance also champions inclusivity with its KYC-free ecosystem, offering seamless onboarding and anonymous trading. This approach is especially attractive to global investors who prioritize privacy. Its comprehensive asset access gives you control over various DeFi investments, from derivatives and stocks to RWA tokenization. This diverse range enables users to diversify their portfolios and maximize potential earnings within a single platform. The token’s utility doesn’t stop there. Holders enjoy reduced transaction fees, dividend distributions, and a stake in governance decisions, giving you direct influence over platform developments. These practical benefits make RCO Finance an appealing choice for investors seeking more than speculative gains. The RCO Finance Presale: Growing Interest and Market Confidence Currently priced at just $0.077, RCO Finance is amid a dynamic presale that’s captured the attention of top investors. Over $9 million has already been raised, showing strong market confidence. Investing during the presale offers significant advantages. Early participants lock in the token at a reduced rate, capitalizing on its anticipated price surge as it enters later stages and eventually lists on exchanges. Conclusion There’s excitement in the crypto market as XRP gears up for another potential rally. But while many chase the headlines, RCO Finance is quietly making its mark within the DeFi space. With its innovative approach and growing investor confidence, RCO Finance offers an intriguing opportunity for those interested in the future of decentralized finance. For more information about the RCO Finance Presale: Visit RCO Finance Presale Join The RCO Finance Community This article contains sponsored content from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions , Privacy Policy , and Risk Warning have been recently updated.
Top Crypto Partnerships – December Week 3
These collaborations bring features that make security, scalability, and user experience better. In this article, let’s examine some of the most exciting crypto partnerships aiming to advance Web3, DeFi, and gaming further. 1) Lumia Lumia is a new project integrating Ethereum and BNB chains for instant transfers. They are building scalable Web3 infrastructure and integrations such as API3DAO for decentralized APIs. Lumia is turning into an efficient and friendly blockchain platform for developers. Lumia has recently entered into a partnership with Orbs . Orbs Network is a Layer 3 solution that sits on the Layer 1 and 2 systems such as Ethereum and Binance Smart Chain. It enhances scalability, diverse compatibility, governance, and DeFi processes. It does this with a systematic link to real-world applications connecting blockchain. Orbs also displays $ORBS staking rewards and has virtual chains and automated trading solutions. 🔥LUMIA X ORBS: UNIFYING LIQUIDITY LIKE NEVER BEFORE 🔥 Orbs is preparing for the incoming $10T RWA industry. How? By choosing Lumia as their first and only RWA partner, obliterating fragmented liquidity with $12M+ in aggregated liquidity pools. Lumia’s hyper-liquid zkEVM… https://t.co/uiiYBC0L3S pic.twitter.com/FdAegYSDe2 — Lumia (@BuildOnLumia) December 10, 2024 Integrating Lumia and Orbs solves DeFi’s fragmented liquidity issue. It does this by leveraging Lumia’s zkEVM technology with Orbs’ Liquidity Hub. This integration improves trade execution and allows DEXs to pool traffic seamlessly. It also enhances trade performance, making DeFi trading more efficient. 2) Movement Movement Labs is a blockchain firm focused on the Move programming language. It builds Move-based blockchains like Ethereum’s first MoveVM ZK Layer 2. Their ecosystem, the Move Collective, spans DeFi, gaming, and NFTs. It promotes scalability, security, and decentralized applications. Movement Labs aims to improve blockchain accessibility and performance. Movement collaborated with Kado . Kado Money is a Web3 platform for seamless fiat-to-crypto conversions via cards or bank transfers. It is available in over 100 countries. Kado offers fast, low-fee transactions and solutions for gaming, NFTs, and e-commerce sectors. It aims to simplify and improve access to digital assets globally. News: You’ll be able to use Apple Pay, Google Pay, debit and credit cards, bank transfers, and more to onboard to Movement. Why? @kado_money is coming! Our onramps will be leveling up⚡ pic.twitter.com/MWrywNezyI — Movement (@movementlabsxyz) December 12, 2024 The Movement Labs-Kado Money partnership streamlines onboarding to the Movement ecosystem. It allows users to convert fiat to crypto and self-custody assets via Apple Pay, Google Pay, and bank transfers. With Kado supporting over 150 countries, this collaboration enhances accessibility. With this, users enjoy Movement’s security, speed, interoperability, and community. 3) Omnia protocol Omnia Protocol is a DeFi platform that offers tools for yield farming, liquidity provision, and asset management. It enhances scalability, security, and transparency while simplifying DeFi user strategies. Omnia also aims to integrate cross-chain capabilities, providing access to various blockchain networks. Omnia Protocol recently partnered with CrossFi . CrossFi is a next-generation digital ecosystem focused on providing advanced payment solutions. Its Layer 1 blockchain enables scalable decentralized finance applications. With the launch of its mainnet, CrossFi has unlocked its full potential, offering a platform for DeFi projects. OMNIA Protocol 🤝 @crossfichain Together, we’re revolutionizing #DePIN networks & #DeFi innovation! This collaboration amplifies OMNIA’s autonomous AI agents and Cross Finance’s financial ecosystem—paving the way for a smarter, #decentralized industry. Stronger together. 🌐… pic.twitter.com/WfWOAUs6zE — OMNIA Protocol – DePIN & AI Infrastructure (@omnia_protocol) December 6, 2024 OMNIA and CrossFi have partnered to combine OMNIA’s AI solutions with CrossFiChain’s financial infrastructure, boosting DeFi and DePIN networks . This collaboration improves scalability, security, and innovation. It paves the way for advanced Web3 tools and dApps and offers users and developers a seamless and autonomous experience. 4) Bluwhale AI BluwhaleAI uses artificial intelligence to enhance decentralized finance protocols. It provides data-driven insights, advanced algorithms, and AI-powered strategies. It helps users optimize investments, trading, and decision-making through real-time data analysis. Furthermore, it offers more efficient DeFi solutions for traders, investors, and developers. Bluwhale AI partnered with GamerBoom . GamerBoom is a Web3 gaming platform that blends traditional games like League of Legends with decentralized technology. It rewards people through check-ins and active engagement. It also has conventions such as SocialFi, including elements like airdrops to assist with gamers’ connections. With Binance Labs and BNB Chain partners, GamerBoom is set to onboard billions of gamers to Web3. Thrilled to partner with @Gamerboom_ ! 🎮 Bluwhale’s AI meets GamerBoom’s intent-centric platform to fuel AI gaming insights, expand Web3 rewards via Rinku Protocol, and scale multi-chain support. Together, we’re shaping the future of gaming. Stay tuned! 🚀 pic.twitter.com/UzKUuQaXFU — Bluwhale AI (@bluwhaleai) December 4, 2024 The Bluwhale AI and GamerBoom collaboration unites AI gaming analytics with an intent-driven platform capability. It aims to expand Web3 rewards through the Rinku Protocol. It also aims to enhance multi-chain support, shaping the future of gaming with AI and blockchain innovation. Conclusion These crypto partnerships show how collaboration is shaping the future of blockchain. They enhance decentralization and user access. These crypto partnerships combine technologies and expertise, making Web3 more accessible. Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Bitcoin Price Outlook: Key Economic Events This Week That Could Impact BTC Movement
Bitcoin price action this week will depend on the Federal Reserve’s interest rate decision, U.S. economic data releases, and central bank actions in Japan and the U.K. Market reactions to inflation data and economic performance reports could lead to increased volatility. Bitcoin (BTC) is trading above $103,000, boosted by strong market sentiment and sustained adoption expectations. However, this week’s packed economic events are likely to impact its movement. Global markets are currently preparing for central bank decisions, inflation data, and updates on economic performance. Federal Reserve Interest Rate Decision The Federal Reserve’s decision regarding the interest rate on Wednesday will be in the spotlight. A rate cut of 0.25% is widely expected to lower the target range to 4.25%–4.50%. Futures markets have factored in a 95% probability of this move, thus representing a shift from the aggressive rate hikes of the last year. Following persistent inflation – edging up to 2.7% in November from October’s 2.6% – a strong labor market, adding 227,000 jobs in November, complicates matters. If rate cuts fail to align with market expectations or signal uncertainty, BTC can look forward to increased volatility. U.S. Economic Data Releases to Influence Bitcoin Price On Monday, the S&P Global Services PMI report will shed light on the health of the U.S. services sector, which has been driving economic growth. A decline in December’s PMI to 55.0 from November’s 56.1 could indicate a slowdown, which might affect risk appetite across markets. Retail sales data, expected on Tuesday, will reveal the consumer spending tendencies of November’s holiday season. While a modest rise of 0.2% to 0.4% is expected, much weaker results might weigh on sentiments and exert downward pressure on the Bitcoin price. Meanwhile, Thursday brings the final Q3 GDP estimate, which is expected to be revised down slightly to 4.7% from 4.9%. Existing home sales data due Thursday could highlight the continued weakness in the housing market. A forecasted 2% decline might further reflect economic challenges that can ripple into crypto markets, reported CNF. Global Central Banks in Focus Central banks will also influence Bitcoin markets in the Japanese and U.K. economies. The Bank of Japan is unlikely to raise its rates this week due to political gridlock and further calls for wage growth confirmation. The Bank of England, which is likely to keep its rate at 4.75%, will release inflation data ahead of time. Economists expect annual CPI inflation to increase to 2.5%, while services inflation may reach 5%. However, any unanticipated policy shifts or inflation trend changes could increase volatility, given that Bitcoin price is still very sensitive to macroeconomic influences. Bitcoin Price Shows Resilience Amid Uncertainty The psychological level of $100,000 for BTC is one point that traders are closely following. Positive economic signals would likely strengthen risk-on sentiment and support the momentum of Bitcoin. Disappointing data or unexpected central bank actions, however, could lead to corrections. With major events unfolding this week, Bitcoin traders will closely monitor macroeconomic developments to gauge potential price movements. As of writing, Bitcoin price holds strong at $103,520.40, gaining 0.57% on Monday, December 16. Per the CNF report , BTC touched an all-time high of $106K on the continuation of the Trump rally.
Up Network has received funding from the Movement Network Foundation and launched a plan to air drop 11 million MOVE tokens
On December 14th, Up Network announced that it has received support from the Movement Foundation and will distribute 11 million MOVE airdrop rewards, exclusively for the first 11,000 users of Up Mobile: Mover Edition. It is reported that each eligible user will receive 1,000 MOVE and additional rewards, all of which are unlocked and can be claimed after the Movement mainnet goes live in Q1 2025. At the same time, Up Network's next phase of sales and incentive plans will also be launched.
Japanese Senator Proposes Inclusion of Bitcoin in National Reserves
Proposal officially recorded in the House of Councillors, suggesting part of foreign reserves be converted into Bitcoin. Hamada highlights Bitcoin’s neutrality and decentralization as beneficial for reducing dependency on traditional financial systems. Japanese Senator Satoshi Hamada recently submitted a proposal to the government, advocating for the inclusion of Bitcoin in Japan’s strategic national reserves. The proposal was officially recorded in the House of Councillors, emphasizing the integration of cryptocurrencies such as Bitcoin into the country’s foreign exchange reserves. Hamada’s document , entitled “Letter of Intent on the State of Understanding of the Bitcoin Reserve Movement Promoted by the United States and Other Countries,” argues that Bitcoin’s inherent characteristics such as neutrality and decentralization could enhance the independence and robustness of Japan’s economic strategy. He noted that Bitcoin is less influenced by the policies and stability of specific countries or financial institutions. The government is expected to respond to this proposal in writing within the coming weeks, with intentions to publish the response on its official website. This move comes at a time when there is increasing global interest in Bitcoin reserves , triggered by similar initiatives in other countries and notable corporations. An example of the potential benefits of integrating Bitcoin into business strategies is illustrated by Metaplanet Inc., a local Japanese company. Reports indicate that Metaplanet’s stock value has increased by 1,700% this year, significantly buoyed by its Bitcoin investments. Hamada’s proposal is seen as part of a broader trend recognizing Bitcoin as not just an investment asset but a strategic reserve component. This shift suggests a potential reevaluation of Bitcoin’s role in national and corporate financial strategies across the globe. The Japanese government’s forthcoming response may provide a precedent for how nations might incorporate cryptocurrencies into their economic frameworks . Japan, known for its technological prowess and early adoption of innovations, is closely observed by international markets and policymakers interested in the integration of cryptocurrencies into mainstream economic operations.
Company Awaiting Listing in the US Announces $200 Million Bitcoin and Altcoin Investment!
As institutional interest in Bitcoin and altcoins continues to grow at full speed, another company has announced its investments in Bitcoin and Ethereum. Accordingly, Exodus Movement, a digital asset wallet provider, reported that it has $200 million worth of BTC and ETH assets. In the official statement made by Exodus Movement, it was stated that the company held more than 1,900 BTC and 2,660 ETH as of December 11. Based on current market prices, BTC and ETH assets are valued at around $200 million. “Exodus is a leading digital asset wallet provider and we generate revenue primarily in Bitcoin and USDC,” said James Gernetzke, Exodus CFO. “As our Exchange Aggregator traded at record volume in Q4, associated revenues added more than 100 Bitcoin to our treasury since we reported our holdings at the end of Q3.” Exodus is awaiting a listing on the NYSE, and the SEC has completed its review of Exodus’ filing, bringing Exodus one step closer to being listed on the NYSE. *This is not investment advice.
Today's top 100 crypto tokens up and down: VIRTUAL up 24.77 per cent, MOVE down 7.07 per cent
On 13 December, according to Coinmarketcap, the top 100 cryptocurrency tokens by market cap performed as follows. Top 5 Gainers: Virtuals Protocol (VIRTUAL) is up 24.77% and now trades at $2.37; Core (CORE) is up 10.43 per cent to $1.43; Ondo (ONDO) is up 8.21 per cent to $1.96; Hedera (HBAR) up 8.06 per cent at $0.3183; JasmyCoin (JASMY) up 7.40 per cent, now at $0.0463. Top five losers: Movement (MOVE) down 7.07 percent to $0.62; dYdX (DYDX) is down 6.09 percent at $2.19; Starknet (STRK) has dropped 4.95 percent and is now trading at $0.6548; Uniswap (UNI) has dropped 4.81 per cent and is now trading at $17.40; MANTRA (OM) is down 4.42 per cent at $3.94.
Whale Accumulation in XRP Signals Potential for Future Price Movement Amid Ongoing Market Consolidation
Recent activity among large XRP investors indicates a robust accumulation phase, reflecting a positive sentiment towards the asset’s future. The altcoin’s recent price consolidation between $2.20 and $2.62 shows resilience, attracting attention from both retail and institutional investors. According to a COINOTAG report, “The bullish outlook among traders demonstrates a growing conviction in the potential for significant price movements.” Discover the latest developments in XRP as whales accumulate大量资产, indicating confidence amidst consolidation. Key insights await! XRP Accumulation: An Indicator of Confidence In the last week, significant buying activity has been observed among XRP whales, particularly as the asset experiences a period of price consolidation. With XRP trading between $2.20 and $2.62, large holders are strategically increasing their positions, demonstrating a long-term bullish outlook. This accumulation trend is noteworthy; investors holding between 100 million and 1 billion XRP tokens have added around 590 million XRP (valued at approximately $1.29 billion) to their portfolios, highlighting their confidence in XRP’s potential recovery. This influx of capital from major holders could create upward pressure on the market, especially if smaller investors start to react to the accumulation trend. Historically, such moves by whales often lead to price rallies in the cryptocurrency market. The current positive funding rate of 0.008% among derivatives traders further underscores the bullish sentiment surrounding XRP, as it indicates that traders are willing to pay to hold long positions. Exploring the Dynamics of XRP Funding Rate The funding rate is crucial in assessing market sentiment, as it reflects traders’ bullish or bearish outlooks. A positive funding rate means that the market’s sentiment leans towards growing optimism about future price increases. As XRP’s funding rate remains in positive territory, it’s clear that many investors expect upward movement in the short term. Market Outlook: The Path Ahead for XRP As XRP continues to trade almost at $2.34, remaining resilient above the $2.20 support level, the short-term outlook remains cautiously optimistic. If retail investors intensify their purchases, there’s potential for a surge towards the $2.62 resistance, leading to possible testing of the multi-year high around $2.90. Nevertheless, it is critical to monitor whale activity closely. Should accumulation slow down, or if negative market sentiment emerges, XRP may breach its support at $2.20, possibly sliding down to $1.95, as bearish trends gain traction. Conclusion The recent accumulation of XRP by whales signals a significant confidence boost for the cryptocurrency, which could lead to upward momentum if sustained. Investors are advised to keep an eye on both market sentiment and trading volumes to gauge potential price movements. This trend highlights the ever-evolving nature of the crypto landscape and the importance of strategic investment. In Case You Missed It: Texas Considers Strategic Bitcoin Reserve Bill Amid Political Support and Criticism
The U.S. listed company Exodus Movement announced that its Bitcoin holdings exceed 1900 coins
According to official news, the self-hosted cryptocurrency software platform Exodus Movement, Inc. (OTCQX: EXOD) today released the latest news about its digital assets and cash holdings as well as transaction platform provider processing volume. Preliminary performance highlights for the fourth quarter of 2024 (unaudited) include: · In the two months from October 1, 2024 to November 30, 2024, the transaction platform provider's processing volume was $1.26 billion, while the entire third quarter of 2024 had a processing volume of $960 million. · As of December 11, 2024, held digital assets included over 1,900 bitcoins and over 2,660 Ethereum.
Exodus Movement, a US-listed company, announced that it holds more than 1,900 Bitcoins
According to official sources, Exodus Movement, Inc. (OTCQX: EXOD), a self-hosted cryptocurrency software platform, has released the latest information on its digital asset and cash holdings, as well as transaction platform provider processing volumes. Preliminary unaudited highlights for Q4 2024 include: · Processing volumes for the transaction platform provider were $1.26 billion from October 1 to November 30, 2024, compared to $960 million for the entire Q3 2024. · Digital assets held as of December 11, 2024 include over 1,900 bitcoins and over 2,660 ethers.
The U.S. listed company Exodus Movement announced that its Bitcoin holdings exceed 1900 coins
According to official news, self-hosted cryptocurrency software platform Exodus Movement, Inc. (OTCQX: EXOD) today released the latest news about its digital assets and cash holdings as well as the transaction volume handled by its trading platform providers. Preliminary highlights for Q4 2024 (unaudited) include: · In the two months from October 1, 2024 to November 30, 2024, the transaction volume handled by trading platform providers was $1.26 billion USD, while the total quarterly volume for Q3 of 2024 was $960 million USD. · As of December 11th, 2024 held digital assets including over 1,900 Bitcoins and more than 2,660 Ethereum.
Rising Demand Fuels SUI’s $5 Breakout Hopes
Over the past few days, SUI has been on an upward trajectory, fueled by increasing demand and a strong bullish sentiment among investors. During Thursday’s early Asian session, the Layer-1 coin clinched an all-time high of $4.87. Although SUI’s price has slightly retreated from its recent peak, bullish momentum persists, positioning the coin for potential future rallies. SUI Bulls Doubles Down on Accumulation As assessed on a one-day chart, SUI’s price movement shows that it trades above its Ichimoku Cloud. This indicator tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. When an asset’s price is above the Ichimoku Cloud, it signals a bullish trend, suggesting upward momentum and the potential for additional gains. In this scenario, the Cloud acts as a dynamic support zone beneath the price, bolstering bullish sentiment. For SUI, these support levels are positioned at $4.02 and $3.23. SUI Ichimoku Cloud. Source: TradingView Readings from SUI’s Directional Movement Index (DMI) confirm the bullish strength in the market. At press time, the coin’s positive directional index (blue) rests above its negative directional index (orange). The DMI indicator assesses the strength and direction of a trend. When the positive directional index is above the negative directional index, it signals that bullish pressure is stronger than bearish pressure, indicating an upward trend. This setup suggests that buyers dominate the market, which could lead to further price increases if the trend persists. SUI DMI. Source: TradingView SUI Price Prediction: $5 Now in Sight At press time, SUI trades at $4.68, slightly below the new resistance level formed by its all-time high at $4.87. If buying activity strengthens, the coin’s price will break above this resistance and touch new highs above the $5 zone. SUI Price Analysis. Source: TradingView However, an uptick in selloffs will invalidate this bullish projection. If SUI holders begin to book gains, this will put downward pressure on its price, which may cause it to fall to $3.83.
SHIFTED #7: On Bringing Physicality and Care to Digital Art Exhibitions and Saving Energy
From blueshiftgallery by SHIFTED Darkness. Then light. Your eyes are drawn to the single glowing screen. You get closer, look, feel. For a minute, it’s just you and this artwork. It feels intimate to face the screen so closely, just like it was attracting you, like an addiction. Then, it’s gone. Another screen lights up, pulling you across the space. One screen, one moment, one artwork. What do you feel when there’s nothing to distract you? When it is just about one visual, one artwork at a time? How does it feel to feel space taking on importance again? To feel ourselves inhabiting the void that separates us from walls and screens? What happens when you spend a full minute, in focus, with a single piece of art? Can a digital exhibition be meditative? Can it ask you to slow down, to linger, to care? Curated by myself through Blueshift Gallery , SOFT MUTATIONS is an exhibition dedicated to imagining a multispecies future, where empathy and connection transcend the boundaries of living and non-living entities. With artworks by 10 international artists, the exhibition celebrates hybridization and transformation—of bodies, species, and identities. It presents a vision of a positive, inclusive future, where respect and understanding weave through every interaction. But for me, the real insight came from the scenography, a deliberate move away from traditional norms in digital art exhibitions. ‘Pride and Refuse of the Universe’ by Ganbrood, as on view at the SOFT MUTATIONS exhibition at the Artverse Gallery (Paris, France) Breaking the Rules Why do we assume every screen needs to be on, all the time? In most digital art exhibitions, the goal is maximal visibility. Every screen competes for your attention, every moment is full of light and sound. It’s overwhelming. And worse—it’s unsustainable. In curating this exhibition, I decided to challenge one of the unspoken rules of digital art exhibitions: never have a black screen. But what if the darkness of the screens are not an error? What if it is not empty? It’s a pause. A rhythm. A breath. A space to reflect and connect. This decision wasn’t purely aesthetic; it was also ecological. If I had used all 15 screens in the gallery at once, running continuously over the 13 days of the exhibition, the carbon footprint would have been huge: 1600 CO2 e (Kg). This is the equivalent to 17,2% of the annual carbon footprint of a french citizen , the production of 17 computer monitors or 220 roundtrips in train Paris / Berlin . That’s not the kind of future this exhibition is about. Here’s what we did: We chose to deactivate the five largest screens, which consumed as much energy as the remaining 10 combined. We reduced the brightness of the screens by 20% and lowered the gallery’s ambient light, replacing six white light bulbs with two reusable green LED bulbs. And, of course, we limited the number of active screens to one at a time, creating a low-energy, low-impact space. ‘Pluralis’ by Kira Xonorika, as on view at the SOFT MUTATIONS exhibition at Artverse Gallery (Paris, France) A Choreography of Movement and Attention The result is an experience that’s both intimate and meditative. Each artwork has its moment, displayed in full, uninterrupted glory. Visitors move from screen to screen, their bodies engaged in the act of following the sequence. It becomes a choreography, a performance in its own right—an interaction between the viewer, the screen, and the space. It is surprising to see how long visitors stay in the room. While the entire show lasts only 12 minutes, people don’t hesitate to look at it multiple times, waiting for their favorite artwork to come back, taking the opportunity to look at one artwork from a different perspectives. And then they start discussing the entire show, the artworks order and the story between them. It is such a contrast with the way visitors normally behave in an exhibition space, might it be with digital art or not. We are so far away from the few seconds of attention all gallery owners can experience. Some visitors described it as meditative, others as addictive in the best way—a kind of flow state that’s hard to pull away from. ‘Before the Looming Shadows’ by Harriet Davey, as on view at the SOFT MUTATIONS exhibition at Artverse Gallery (Paris, France) A Celebration of Transmutation The artworks themselves are windows into a future of hybrid beings and interconnected worlds. In Botania , Bianca Shonee Arroyo-Kreimes imagines orchids pollinated by human touch, blending bio-mechanical forms with themes of desire and domination. In The Evolutionary Value of Mistrust , Sam Clover reimagines the dodo as a symbol of resilience, surviving and adapting to human interference. Alfacenttauri’s Sol infinito evokes cycles of cosmic rebirth, where petrified plants and fossilized eyes merge with light and sound to reimagine creation as relentless and chaotic becoming. Connie Bakshi’s past is prologue blurs the boundaries of time, presenting species that are part plant, part machine, and entirely transformative, existing in a mystical, post-human ecosystem. Ganbrood’s Pride and Refuse of the Universe invites introspection with its hybrid portrait, where identities dissolve and reassemble, creating forms that feel both ancient and futuristic. Harriet Davey’s Before the Looming Shadows introduces a living creature from her game exhibition Whole Hearted, where biomineral skins and androgynous forms reflect a world of fluid species and materials. Kira Xonorika’s Pluralis celebrates a post-human vision of harmony, where the central figure—a hybrid of plant, mineral, and human—exists in complete connection with its dense, toxic forest environment. Ines Alpha’s Bi(Hazard)²O questions the future of beauty and survival, imagining breathing accessories as both functional and ornamental in a hazardous marine or aerial future. Micah Alhadeff’s Spined Venus offers a solitary figure marching toward an unknown horizon, embodying the resilience of a mythical goddess thriving in a toxic, insect-filled landscape. Finally, Scerbo’s Narrative Underdevelopment explores evolutionary glitches, starting with a chicken and morphing into hybrid animal-human forms entangled with the materials and technologies of their own creation. Each piece is an act of speculation, asking: What happens when humans and non-humans merge? What does it mean to belong to more than one world? In myths, creatures like the Minotaur or fauns have long embodied the tensions and harmonies of hybrid forms. SOFT MUTATIONS builds on these ideas, using digital media to explore fluid identities and multispecies coexistence. It’s a celebration of transformation. Here, aliens are welcomed. ‘Sol infinito’ by Alfacenttauri, as on view at the SOFT MUTATIONS exhibition at Artverse Gallery (Paris, France) A Future Rooted in Care SOFT MUTATIONS wasn’t just about showing digital art; it was about rethinking how we experience it. Slowing down. Paying attention. Moving with intention. And perhaps, in doing so, rediscovering a sense of care—not just for the artworks, but for the world they reflect and reimagine.
Movement went from 25 million to 7 billion dollars FDV in two years, a 300x Web3 startup story
Author: Julian , Web3Future On December 9, Movement (MOVE) was launched on exchanges such as Binance, Coinbase, and Upbit. On December 10, MOVE reached a peak price of $1.4, currently priced around $0.7, with a total market capitalization of $7 billion. With the launch on all top exchanges and a market cap exceeding $10 billion, the airdrop and other marketing efforts have received a lot of praise from the community. Movement's performance is undoubtedly one of the star projects in this bull market. Just two years ago, Movement was a project with a valuation of only $25 million, incubated by the Avalanche (AVAX) team. I wrote this article to summarize the Web3 success journey of the Movement project, hoping it can provide some insights. The journey of the Movement project can be summarized in one sentence as a continuous quest for "finding a father." It can be roughly divided into four stages: Avalanche: Secured incubation resources from Avalanche and brought in star angels. Aptos: Received investment from Aptos, reused Aptos code, and quickly acquired Move lineage. Binance: Secured endorsement and sponsorship from Binance, leveraging numerous resources in Asia. Community: Large-scale airdrop, emphasizing community and KOL marketing to gain retail reputation. Secured incubation resources from Avalanche and brought in star angels Movement's start was actually very difficult, launching during the worst bear market of 2022. At that time, the Movement team members mainly came from Avalanche and its partners. According to early funding introductions, Movement was initially positioned as a community-first modular Move Layer 1, incubated by Ava Labs (the Avalanche development company), with supporters including DEX BENQI on Avalanche, Blizzard Fund (Avalanche ecosystem fund), Colony (Avalanche ecosystem accelerator), and Avalaunch (IDO platform on Avalanche). Avalanche's support allowed Movement to secure a number of star angel investors. According to RootData and early funding introductions, Movement's seed investments included several prominent North American institutions and individuals: Borderless Capital, BeraChain co-founder Smokey, and Gitcoin co-founder and former Ethereum Foundation member Scott Moore, among others. In addition to the aforementioned seed round investments, other incomplete statistics show that Movement's seed investors also included well-known figures in the Avalanche community such as the Ulaj Brothers, Jon West, who served as a strategic advisor at the Ethereum Foundation, Jonathan Chang, COO of Nibiru Chain, core contributor of GMX coinflipcanada, founder of blockchain company Gumzilla Theodore Agranat, founder of Vorto Gaming Sonny Azeez, Polychain GP Christian Sullivan, and angel investors from JP Morgan's Crypto Division, as well as market maker Gotbit. It can be said that Movement not only secured its first pot of gold from Avalanche but also brought in star angel resources from North America. Such a luxurious lineup of investors laid the foundation for Movement's subsequent financing and endorsements. For example, Polychain GP Christian Sullivan, as a seed investor, set the stage for Polychain to lead the next round of investment in Movement. Received investment from Aptos, reused Aptos code, and quickly acquired Move lineage Among the many luxurious investors, Aptos is not considered Movement's "father" in terms of endorsement and financial support. People close to Aptos Labs have indicated that Aptos's investment in Movement was only $50,000, while others claim it was $500,000. However, Aptos remains an irreplaceable investor for Movement. Because Movement not only received investment and endorsement from Aptos but also based its programming language on Aptos Move, adopting similar architecture and design concepts, quickly completing part of the technical development and acquiring "Move lineage." In terms of architecture, both Aptos and Movement are linear blockchains; in transaction processing TPS, both use the Block-STM optimistic parallel execution engine. Originally, Move, as an open-source language, does not have the so-called "orthodoxy" in the Move ecosystem track like the Ethereum ecosystem. However, Aptos and Sui, as the earliest Move duos originating from Meta Diem, have competition and differences in their routes and philosophies. Therefore, both Aptos and Sui are trying to seize their own discourse power and orthodoxy in the Move ecosystem. For Aptos, investing in Movement and requiring Movement to base its programming language on Aptos Move, adopting similar architecture and design concepts, is an important step in strengthening Aptos Move's discourse power. For Movement, quickly reusing Aptos Move development means it does not have to start from scratch to complete the technical development design of a Move public chain. There is also a small episode here; Movement has also been in contact with Sui. According to investors from Sui's development company, Mysten Labs, their strategy is to personally develop three Move public chains, and the priority for investing in other teams' Move public chains is not high. In June 2024, Mysten Labs announced the launch of a decentralized storage and data availability protocol called Walrus, which is a decentralized storage network built on Sui, featuring a new governance token, WAL. Perhaps in 2025, we will see a third Move public chain developed by Mysten Labs. After Movement, we will definitely see more Move public chains emerge. Secured endorsement and sponsorship from Binance, leveraging numerous resources in Asia Movement also received substantial support from Asian investors, with the key element being support from Singapore's Web3 capital. Movement was able to open up in Asian institutions, and the endorsement from Binance and some VCs undoubtedly played an important role, which is also why there is much community discussion about Movement being a VC coin and a "girlfriend coin." Many community members and Movement partners have stated that Movement might be the "crazy" project second only to IO. After securing investment from Binance in the first half of this year, Movement leveraged the expectations of being listed on Binance and Dovey Wan's Primitive Ventures to rapidly tap into numerous institutional resources in Asia, entering with a valuation of $400 million to $1 billion. After bringing in Binance's investment this year, Movement's logo was also upgraded from black and white to a yellow very similar to Binance's visual identity. Later, at industry events such as the Blockchain Week in Korea and Singapore, it sponsored a large number of advertising brand exposures. Regarding the discussion of "girlfriend coins," this is inherently a subjective issue, and I won't analyze it too much. My judgment is that one role of VC institutions is to provide endorsements and hype; Movement has maximized the expectations of Binance and VC endorsements within a reasonable operational scope. Movement's success is attributed to seizing the right timing, location, and human resources, stemming from the project's strong resource integration and operational capabilities. The two co-founders of Movement, Rushi and Cooper, are both very young entrepreneurs. An investor close to the Movement team once stated that the two founders practiced their pitch skills over 200 times in front of their incubating angel investors before their first public event, which is why they possess strong persuasive abilities and communication skills in external communications despite their youth. Moreover, Binance was the last exchange to announce the listing of Movement; prior to this, Movement had already secured listings with Coinbase, Upbit, OKx, and other exchanges. Therefore, it was relatively reasonable for Binance to list the highly anticipated Movement. Large-scale airdrop, emphasizing community and KOL marketing to gain retail reputation If it were only the above, Movement could only be considered a successful VC coin. However, Movement's airdrop plan, along with its emphasis on collaboration with the community and KOLs, has earned it a very good reputation. In this year's L1/L2 public chain airdrop plans, it has evolved from the early large-scale distribution to low guarantees, witch hunts, and points systems, even leading to extreme opposition between the community and project parties, such as mouse trading airdrops and electronic beggars. Movement's airdrop has, to some extent, reversed the poor state of public chain airdrops. According to Panews statistics, this round of Movement's airdrop exceeded $1.45 billion, with 98.5% of eligible addresses receiving over $100 in airdrop amounts, and all qualifying addresses received airdrops without any witch hunts. Additionally, there have been no rumors in the community about Movement airdropping to suspected mouse trading addresses. In terms of collaboration with the community and KOLs, Movement has also been very proactive, showing none of the arrogance seen in some VC projects. For example, Movement conducted a global KOL promotion round with numerous KOLs, hiring influential analysts Jason Chen Jian and Australian Master Brother as consultants in the Chinese community. These community-focused initiatives have garnered a good marketing reputation. After all, VC projects are primarily accountable to their sources of power. If a project's success and global expansion hinge on VCs and exchanges, the project parties will only care about the thoughts of VCs and exchanges, rather than valuing communication with the community.
Solana Falls Short of $300 Breakout as SOL Sellers Dictate Price Movement
Despite showing a glimpse of moving higher, Solana (SOL) has once again failed to climb to the $300 mark. The inability to rise to this milestone could be linked to the dominance of Solana sellers, who have outpaced the buyers. With bears leading the way, this analysis checks if SOL could escape another downturn or not. Solana Bearish Momentum Prevails On the daily SOL/USD chart, BeInCrypto observed a drop in the Balance of Power (BoP) indicator into the negative zone. The BoP, a price-based technical indicator, assesses the strength and dominance of buyers versus sellers, offering traders valuable insights into market control dynamics and potential trend shifts. A positive BoP value suggests that buyers hold the upper hand, suggesting a likely price increase. Conversely, a negative BoP reading implies that sellers are in control, increasing the risk of a price decline. At press time, the BoP was at -0.54, highlighting the strong dominance of Solana sellers and indicating potential bearish momentum for Solana’s price. Solana Balance of Power. Source: TradingView Another indicator suggesting a potential decline in SOL price is the Chaikin Money Flow (CMF). The CMF is a technical indicator that measures the flow of liquidity into or out of a cryptocurrency. By employing the price and volume data, the indicator identifies periods of accumulation (buying pressure) and distribution (selling pressure). Positive CMF values indicate strong accumulation, suggesting upward momentum, while negative values reflect distribution and potential bearish trends. As of this writing, the CMF on the Solana daily chart has dropped to the negative region. At -0.05, the current rating reinforces the notion that Solana sellers have kept bulls at bay. If this trend continues, then SOL price might continue to decline. Solana Chaikin Money Flow. Source: TradingView SOL Price Prediction: Support Broken, Downturn Continues Based on the daily chart, Solana’s price has been trading within a descending channel since it reached a new all-time high on November 22. Notably, the image below shows that the altcoin’s value has slipped below the support at $225.74. The downturn below this support suggests that the SOL price risks another significant correction. If validated, the token could slide to $203.63 as long as Solana sellers continue to remain in control. Solana Daily Analysis. Source: TradingView On the flip side, if buyers take over, this forecast might not come to pass. In that scenario, the cryptocurrency’s value could rise to $264.66. In a highly bullish scenario, the altcoin could eventually break out to $300.
MOVE Token Tumbles 50% as Market Selloff Intensifies
MOVE, the native coin of the Ethereum-based Layer-2 blockchain Movement, experienced a meteoric rise of 50% shortly after its launch on December 9. However, it has now reversed course, plummeting by a similar percentage. At press time, profit-taking is strengthening, putting the MOVE token price at risk of plunging further. Movement Token Holders Sell For Gains MOVE launched on Monday and quickly captured the attention of investors. As a result, the token’s price surged 50% in the 24 hours that followed, peaking at $1.45. The token also reached a $3 billion market capitalization, securing its position as the 60th top cryptocurrency within the same period. However, the market trend has since shifted, and the altcoin has now shed 50% of its value, trading at $0.68 at press time. Its Aroon Down Line, assessed on a daily chart, confirms the strength of MOVE’s current downtrend. As of this writing, MOVE’s Aroon Down Line is 100%. MOVE Aroon Down Line. Source: TradingView An asset’s Aroon indicator measures the strength and direction of its trend by tracking the number of periods since the highest and lowest prices over a given time frame. It consists of two lines: Aroon Up and Aroon Down. When the Aroon Down line reaches 100%, the lowest price during the selected period occurred recently, signaling a strong downtrend. This suggests that the market is in a bearish phase with little upward momentum. Additionally, MOVE’s declining Chaikin Money Flow (CMF) reinforces this bearish outlook. It currently sits below the zero line at -0.15. MOVE CMF. Source: TradingView The CMF indicator tracks money flows into and out of the market. A negative CMF value signals increasing selling pressure and suggests the potential for a continued price decline. MOVE Price Prediction: Value Is at Risk of Dropping Further On the 1-hour chart, the Layer-2 token trades at $0.68, hovering above the support formed at $0.60. If bearish pressure strengthens, the altcoin’s price may test this support level. Should it fail to hold, the downward trend may continue. MOVE Price Analysis. Source: TradingView On the other hand, if buying activity resumes, the MOVE token price will breach resistance at $0.77 and climb toward $0.88.
Dogecoin News: Why the Current Slowdown in DOGE Price Movement is Not a Problem
Dogecoin price suffered an intense selloff alongside the broader crypto market. Confidence remains high that the memecoin has more bullish potential ahead. Dogecoin (DOGE), the seventh-largest crypto by market capitalization, is experiencing declining prices on the weekly charts. The price of DOGE is down 2.27% in the trailing 7-day period after an intense drawdown over the past few days. Consequently, DOGE has fallen from highs of around $0.484 to trade at $0.4061 at the time of writing. Analyst Encourages Dogecoin Holders This decline has raised questions among DOGE holders about whether the asset still has upside potential or if it has reached a market peak. One crypto analyst believes the present fears are exaggerated amid these uncertainties, stating that DOGE price movement is not an issue. “All is good. Let’s go, DOGE,” stated KissPax, a popular market analyst with a larger following on X. He claims the price corrections seen earlier are normal after extended rallies, such as DOGE’s 200% spike. According to the analyst, DOGE’s price chart looks like a month-long sideways channel. There’s nothing wrong with Dogecoin. It’s now looking like a month-long sideways channel following a 200% rise in price. All is good. Let’s go Ðoge! $DOGE pic.twitter.com/qytGu6t8IV — KrissPax (@krisspax) December 11, 2024 To back up his claim, KissPax shared a daily candle chart showing DOGE is locked between $0.36 and $0.48. Dogecoin bulls would like to see the asset convincingly breach the $0.48 price level on the daily chart to ascertain the likelihood of an upside push. Intriguingly, the analysis shares a similar opinion from Santiment, an on-chain data analytical platform. Santiment pointed out that DOGE’s bull run remained intact, noting the asset’s Mean Dollar Invested Age. The Mean Dollar Invested Age is an on-chain indicator that measures the duration digital assets stay idle in wallets. Santiment noted that the Mean Dollar Invested Age for DOGE is declining. Based on the on-chain indicator, the mean age of DOGE investments is down 31% in the past eight weeks to 370 days. According to Santiment, the decrease in the Mean Dollar Invested Age confirms the continuation of the bull market. Santiment cited the 2017 and 2021 bull markets, which ended when the mean ages metric climbed higher. What Next for DOGE? DOGE recently entered a bearish technical signal by breaking below its ascending channel. However, the meme coin has now overcome the $0.4 key resistance, demonstrating its bullish outlook. The immediate support is around $0.38, while $0.31 is a more robust fallback. A recovery of $0.44, which serves as resistance, might force DOGE to resume its bullish trend. Despite the possibility of further short-term price swings, DOGE is still positioned for long-term growth. CNF mentioned that analysts anticipate DOGE will increase by 40% in the next 3 weeks, possibly reaching a new high at $0.55. Furthermore, chart analysis suggests that Dogecoin could target the $8 to $10 range, aligning with historical growth patterns. Growing investor confidence and bullish technical indicators further strengthen the prediction.
$MOVE Spiked Above $1.4 Today, Surpassing $3B in Market Cap
Key Points MOVE recorded a huge success following yesterday’s launch on Binance and other exchanges. MOVE is the biggest Binance Hodler Airdrop project so far, with token rewards of 20 million MOVE. Movement (MOVE) saw a huge first day after Binance announced its launch as the 3rd Airdrops Portal project on December 9. MOVE’s Market Cap Surpassed $3 Billion Hours After Launch MOVE was listed by Binance yesterday at 13:00 (UTC) with Seed Tag applied, and the exchange opened trading for five pairs including MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY. Yesterday, the coin’s price fluctuated between $0.6 and around $0.7 after launch, but today, the token kicked off an impressive price rally from around $0.75 to over $1.4 earlier. After reaching this top, the token saw a short-lived correction below $0.1, just to bounce back above $1.37 shortly after. MOVE price in USD today MOVE debuted yesterday with a market cap of $1.4 billion, and reached $3.15 billion earlier today. At the moment of writing this article, MOVE is trading at around $0.72, up by 17% in the last 24 hours, and the token has a market cap of $1.63 billion. The 24-hour volume for MOVE is currently close to $7 billion. The coin’s total supply is 10 billion MOVE tokens, and the circulating supply is 2.25 billion MOVE tokens. MOVE – Binance’s Biggest HODLer Airdrop Project MOVE is the biggest Binance HODLer Airdrops project with airdrop token rewards of 20 million tokens, representing 2% of the maximum token supply. Binance users who stake MOVE can get airdrops. Users who don’t have a Binance account can create one here , and join the HODLer Airdrop. What is Movement (MOVE)? Movement is an L2 solution created using MoveVM, aiming to offer developers a powerful, efficient, and scalable platform to create the next-gen dApps. The Movement Foundation is the driving force behind the Movement ecosystem, as revealed by the official website of the project and it’s dedicated to the following targets: Fostering innovation Supporting developers Advancing the adoption of MoveVM technology Movement Labs revealed the official whitepaper of the project on November 21, 2024: “Move Stack Chains: A Network of High-Throughput Fast-Finality Move-Based Rollups Secure4d by Ethereum Version 0.2.5” Move Stack Chains The whitepaper’s Abstract addresses the introduction of Move Stack Chains – a secure and scalable network of Move-based rollups secured by Ethereum that address the need for safer execution environments. Move Stack, a modular framework for creating highly customizable Move Rollups, is at the core of this network. The Movement Network revealed the best features of Move Stack as follows: Move Executor: A high-throughput execution layer with MoveVM, parallel execution, and EVM compatibility Fast-Finality Settlement Mechanism: This achieves confirmation in seconds, by leveraging economic security from a network of validators, maintaining Ethereum’s security Modularity: Integration with multiple DA services and sequencers; developers can also opt for validity or optimistic rollup configurations to achieve the best Ethereum security The whitepaper’s Abstract also mentions Move Arena – a complex infrastructure that integrates Move Stack Chains with the project’s services, enabling an ecosystem of next-gen interoperable rollups. Rollups benefit from DSS – the decentralized shared sequencer network, which allows the following: Enabling seamless cross-rollup interoperability Enhancing censorship resistance Eliminating single points of failure DSS is secure via the multi-staking mechanism that: Brings economic security across Move Stack Chains and beyond Minimizes the infrastructure requirements Maximizes the sovereignty of each Move Rollup Movement Whitepaper Abstract Yesterday, the team behind the project shared a message via X, highlighting their excitement to see how the Movement community will guide the network and bring Move’s superior security guarantees to Ethereum.
Newly Listed Crypto MOVE Soared 80% in a Day, Defying Market DownturnDefying Bear Market
From financemagnates by Jared Kirui While the broader crypto market faces falling prices, a newly launched token dubbed MOVE captured the attention of digital asset traders with an explosive 84% price surge within its first 24 hours. The crypto, utilizing a unique Move programming language initially designed by Facebook, has emerged as a promising player in Ethereum’s Layer-2 scaling space. Despite a slow start after launch, MOVE quickly recovered to hit an all-time high of $1.45. But as excitement over a massive airdrop drives adoption, questions loom about whether this momentum is sustainable. Defying Bear Market MOVE has partly been boosted by the airdrop that allocated 2% of its total supply, 20 million tokens, to early adopters. This was combined with immediate listings on leading exchanges like Binance , Upbit, and OKX. The token is part of the Movement Network, a Layer-2 Ethereum solution that utilizes the Move Virtual Machine. This technology reportedly enables rapid transaction finality, making it a standout among other scaling projects. MOVE, Source: CoinMarketCap “MoveDrop,” featured a $830 million airdrop targeting early adopters. The airdrop released 1 billion MOVE tokens,10% of the total supply, to boost both adoption and market enthusiasm. However, with 40% of the total supply reserved for community rewards and early backers, concerns about potential sell-offs loom. Such concerns are not unfounded. Historically, airdrop-driven tokens face sharp corrections once initial excitement fades. MOVE stands out due to its foundation in the Move programming language, a creation of Facebook that is now powering other notable blockchains like Sui and Aptos. MOVE Technology Movement Network’s Layer-2 solution reportedly allows developers to build interoperable, high-performance blockchain applications while bridging the gap between Ethereum and Move ecosystems. With backing from major players like Polychain Capital and Binance Labs, Movement Labs is expected to drive innovation in Web3 technologies. Recently, HTX, previously known as Huobi, announced plans to list MOVE tokens for spot trading. The news came amid the cryptocurrency ’s upsurge, with deposits already underway and withdrawals also set to open. Since its launch, the MOVE token has reported rising trading volume and a growing market cap. According to the exchange, deposits for the token began at 2:30 UTC on December 10, and withdrawals will be available starting December 11 at 4:00 UTC. HTX users will reportedly be able to trade MOVE Token with tether (USDT) through a spot trading pair. The exchange added that spot trading will officially commence once the deposit volume meets market demand.
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