Before the 2024 halving, Runes Protocol revolutionizes Bitcoin with new token capabilities.
Top Performer of the Day: Lisk (LSK)
With no rate reduction this year, the market is pricing in smaller rate cuts, as evidenced by the 0.22% decline in the SPX index. With Bitcoin and Ether climbing by 4.18% and 3.19%, respectively, during the last day, the overall cryptocurrency market is up.
The performer of the day is LSK, which increased 17.63% following Lisk and Velodrome’s partnership to improve blockchain accessibility and spur ecosystem expansion.
Launched in May 2016, Lisk (LSK) is a cryptocurrency platform that lets developers create TypeScript and JavaScript decentralized apps (dapps). It provides resources like a software development kit and allows for the creation of unique “sidechains” inside its network. Lisk and Velodrome have announced a collaboration to enhance and broaden Lisk’s blockchain ecosystem. To facilitate voting, Lisk will buy and lock $VELO tokens, directing VELO emissions to important pairs on Lisk. This partnership seeks to improve blockchain acceptance and accessibility in developing markets, draw in new developers, and support current protocols on Lisk. Velodrome will support Lisk’s Layer 2 endeavors, in line with the objective of building an extensible, cross-platform Ethereum future.
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Conversation Around Town:
By facilitating the generation of fungible tokens directly on its network, the Runes protocol is scheduled to launch concurrently with Bitcoin’s 2024 halving, signaling the start of a new chapter in the cryptocurrency’s history. This comes after the influential Ordinals protocol, which greatly increased the functionality of Bitcoin. With exchanges throughout the world prepared to accept these tokens from the outset, the Runes protocol will encourage rivalry among developers to issue and obtain the first tokens. There will be a race to mine a very valuable “Epic” satoshi as part of the halving event. As Bitcoin moves closer to this revolutionary period, a great deal of work is being done to prepare users for what lies ahead. This will result in a significant change to the way that Bitcoin operates and interacts with its community.
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Track Bitcoin ETF Movements:
Place Although there is still another day of outflow for bitcoin ETFs, yesterday’s outflow was almost neutral. These ETFs have had varying market flows, with notable activity in certain and none in others, indicating a range of investor responses. Large outflows that have occurred recently mirror trends from March, although analysts consider these variations to be normal for ETFs and not a sign of failure. The future of Bitcoin ETFs is bright because they continue to attract institutional interest and influence market dynamics in spite of this volatility.
Airdrop for Observation:
Avail, a blockchain data-availability protocol developed using Polygon’s SDK, has announced an airdrop of 600 million AVAIL tokens, marking its one-year anniversary since spinning off from Polygon Labs. Through rewarding developers, governance contributors, educators, rollup users, stakers, and other individuals who have made substantial contributions to the ecosystem, the “Unification Drop” seeks to unite diverse blockchain groups. Three components make up Avail’s infrastructure: DA for scaling rollups using technologies like KZG commitments, Fusion for liquid staking on chains like Ethereum and Bitcoin, and Nexus for cross-chain transactions. Tokens will be distributed to 354,605 wallet addresses as part of the airdrop, which emphasizes a single Web3 ecosystem and contains sizeable allocations for a variety of jobs across several blockchains, such as Ethereum, Bitcoin, Solana, Cosmos, and more. View the Most Recent Data, Charts, and Prices of
