Chain News Today TheBitTimes.com

Binance, the world’s largest crypto exchange platform by trading volume, is announcing an airdrop for a new layer-1 altcoin focused on cross-chain liquidity pools. In a new update, Binance says that it’s adding decentralized finance (DeFi) project Mitosis (MITO) to its HODLer Airdrops program, which rewards users based on their balance of BNB, the native asset of the crypto exchange. “Binance is excited to announce the 34th project on the HODLer Airdrops page – Mitosis, a Layer 1 blockchain designed to unify fragmented crypto liquidity by enabling assets to be deployed across multiple chains simultaneously.” News of the addition preceded a massive price increase for the asset, as it went from a price of $0.095 on August 28th to a peak of $0.308 just a day later. MITO has since stabilized and is trading for $0.25 at time of writing, a staggering 143% increase during the last 24 hours. On its website, Mitosis says it is attempting to a...

The MAGA price surged 13% in the last 24 hours to trade at $4.67 as of 00:31 a.m. EST even as trading volume tumbled 7% to $12.7 million. MAGA Price Indicators Support A Continued Bullish Rally According to data from GeckoTerminal , the MAGA price has been trending upward since late September, transitioning from a period of consolidation within the $3 range. The chart shows a bullish flag or pennant pattern (consolidation after a strong move up). These are generally continuation patterns, meaning a breakout to the upside is often expected after such a formation. TRUMP now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the uptrend. The Relative Strength Index (RSI) stands at 58.28, which is in neutral territory but leaning towards bullish. It suggests there’s still room for the price to move higher before reaching overbought levels. This level indicates that the market isn’t overextended yet and could support a furthe...

The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens. The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth. Arbitrum ecosystem tokens sees sell-the-news type event The Arbitrum (ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like GMX), Magic , Gains Network (GNS) and Radiant Network (RDNT). The primary reason behind the pump was the ARB airdrop catalyzing the Arbitrum ecosystem’s growth. However, according to a report from An Ape’s Prologue, “this thesis was seemingly front-run,” as the price surge mainly occurred between the period of the airdrop announc...