Bittime - Market crypto today shows mixed movements. Bitcoin experienced a slight decline, while the meme coin PONKE surged. Apart from that, there is also Sybil Detection, airdrop, and project collaboration. The following are the highlights of today's crypto news, May 20, 2024.
Bitcoin Price Drops, but Still in a Bullish Trend
The price of Bitcoin (BTC) underwent another correction on Monday, May 20, 2024. The price of Bitcoin fell 1.09% in the last 24 hours, and is trading at around $66,275 per coin. Despite the correction, Bitcoin still showed a weekly gain of 8.01%.
Even though Bitcoin's price has experienced a correction, some analysts are still optimistic that BTC's movement is still in a bullish (up) trend. Glassnode, a blockchain analysis platform, said that Bitcoin's on-chain metrics show a strong bullish signal. Metrics such as “Spent Output Profit Ratio” and “Reserve Risk” show that investor sentiment towards Bitcoin is still positive.
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PONKE Prices Soar
In recent days, PONKE tokens have experienced quite a significant increase. It even rose as much as 33% in 24 hours today, May 20 2024. A trader also made multiple profits from PONKE investments.
A trader recently achieved incredible profits by investing in PONKE tokens. This trader bought 5.21 million PONKE worth $1,361 on December 24, 2023. In just 5 months, PONKE's value soared to $2.32 million. This trader also made a fantastic profit of 1,705 times, namely $12.080 billion!
Solana Shines Again with the Renaissance Hackathon
Solana (SOL) is back in the spotlight with the Solana 2024 Renaissance Hackathon which was successfully held in the Multi-Chain Market (MCM) region. This hackathon was attended by more than 170 teams who have produced innovative projects in various fields such as infrastructure, games, DePIN, DeFi, and consumer applications. The winners of this hackathon are entitled to attractive prizes and the opportunity to develop their projects further.
Also Read: Solana 2024 Renaissance, This is the List of MCM Hackathon Winners!
Sybil Detection and Airdrop Over Protocol
Over Protocol announced a Sybil Detection program to determine airdrop recipient candidates from user participation in previous programs. Users who contribute to OverWallet and OverNode as well as Nethers NFT owners who pass the Sybil test will be eligible for an airdrop.
Sybil Detection is an absolute requirement for receiving airdrops from user participation in the previous OverWallet and OverNode programs. Users who have contributed to both programs, but have not passed Sybil Detection will not receive the airdrop.
Also Read How to Buy Crypto:
Elfin Joins Manta Network
Elfin, a play-to-earn (P2E) game announced that it will join Manta Network. Collaboration between Elfin and Manta Network can provide several benefits in terms of scalability, privacy and development.
As part of this collaboration, Elfin plans to build Layer 3 on top of the Manta Network, which will be dedicated to the development of games and other DApps related to Elfin.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
PONKE Investment, This Trader Profits $12 Billion in 5 Months!
Elfin Joins Manta Network and Will Build a New Layer 3!
Over Protocol Begins Sybil Detection, Hold Nethers NFT to Get Airdrop!
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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