In the dynamic world of cryptocurrencies, prices can fluctuate rapidly, presenting opportunities and risks for investors.
Today, we dive into the latest updates on the major gainers and losers in the crypto market.
Two notable performers are Tornado Cash (TORN) and Pepe, with Pepe securing the second highest winning position on Binance USDT pairs.
Additionally, we’ll explore the progress of IDEX, which has recently attracted attention for its association with DeeLance and Launchpad, both Web3 coins.
Ecoterra also emerged as the top gainer, having topped $4 million in funds raised. Finally, AiDoge wowed by making $11 million.
Let’s dive into the details and reveal the exciting developments in the crypto landscape.
Tornado Cash (TORN): A closer look at the recent crash
An unknown attacker or group of attackers has effectively taken control of the decentralized autonomous organization (DAO) that manages the operations and funds of Tornado Cash, a privacy-focused crypto mixer.
The attacker put forward a malicious proposal that hid the functionality of a code that gave him fake votes within DAO.
With these votes, they gained control over aspects such as TORN tokens held in governance nodes.
The attacker proceeded to siphon and sell 10,000 votes as TORN.
It is important to note that this attack does not affect the actual Tornado Cash protocol, which allows users to hide the movement of funds.
The Tornado Cash community is now suggesting to roll back the changes made by the attacker.
Additionally, the attacker was noted to have mined more than 1 million cracked codes, valued at more than $4 million.
Binance temporarily halts TORN deposits amid concerns over Tornado Cash protocol
The recent events surrounding the Tornado Cash protocol have also affected the price of TORN on the Binance exchange.
In response to protocol conditions, Binance announce Temporary pause on TORN deposits until further notice.
This announcement from Binance adds to the impact on TORN’s price as market participants react to developments related to the protocol and security breaches.
The temporary suspension of TORN deposits reflects the caution and vigilance that Binance is exercising in ensuring the safety of its users’ funds.
Tornado cash price
The current price of Tornado Cash is $4.41, and its trading volume in the last 24 hours is $24,795,228.
During this period, Tornado Cash saw a decrease of approximately 35%. It is currently ranked #981 on CoinMarketCap, with a market capitalization of $4,851,051.
Most of the downtrend is triggered by an unknown attack on Tornado Cash.
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Pepe’s price is rising as it secures the second highest profit position on the Binance USDT pairs
PEPE entered the cryptocurrency market on April 18 and quickly gained momentum and value, positioning itself among the top 50 most traded digital currencies in 2023.
Unlike the popular cryptocurrency $DOGE meme, which took nearly four years to achieve a $1 billion market cap, $PEPE accomplished the same feat in just over two weeks after its launch.
Pepe, the popular cryptocurrency, has seen a significant price rebound, securing the second highest winning position in the Binance USDT pairs.
As of today, Pepe’s live price is $0.0000017 each (PEPE/USD), with a current market cap of $675.68 million.
The 24-hour trading volume of Pepe is 381.84 million US dollars, which reflects the strong interest of investors.
Pepe has seen a significant increase of more than 10% in the last 24 hours, which indicates a bullish sentiment in the market.
With a circulating offer of $391,790.00 billion USD, Pepe continues to attract attention with its high price and trading volume.
From a technical point of view, Pepe coin is currently finding support around the $0.000001595 level, which is also supported by the 50-day exponential moving average on the hourly time frame.
Additional selling pressure could push the price down to around $0.000001470. However, support is also expected at this level, as evidenced by the rising 50-day exponential moving average.
Looking at the major indicators, both of them are still in the bearish zone, but Pepe coin is showing signs of recovery overall.
Today, it is important to monitor the level of $0.000001470, as consolidation above this level could lead to an upward move towards $0.000001805, with the possibility of further upside move towards level of 0.000002090.
Stay tuned for more developments!
DREP coin rises as the top gainer on Binance
DREP, an under-the-radar cryptocurrency, has emerged as the top gainer on Binance. Despite being relatively unknown, DREP has attracted the attention of market participants through its impressive price hike.
The direct price of DREP has gone up significantly, up more than 15% in the last 24 hours.
With a current market cap of $19,464,183, DREP has emerged as a promising cryptocurrency, currently ranked #627 on CoinMarketCap.
With a circulating supply of 48,737,500 DREP coins, these relatively unknown gems are attracting the attention of traders and investors.
DREP is a blockchain-based project that aims to revolutionize online advertising and user data management through a decentralized reputation system.
With its recent performance on Binance, DREP has demonstrated its potential to generate significant returns for investors and sparked curiosity within the crypto community.
Binance, CoinW, Bitrue, Bitget, and BingX are among the top cryptocurrency exchanges where DREP can be traded.
As DREP continues to show strong momentum, it is worth exploring the potential of this rising star in the cryptocurrency market.
The rise of Web3 coins
Web3 coins like IDEX, DeeLance, and Launchpad are gaining momentum in the crypto market. These innovative projects adopt the principles of Web3 technology, which focus on decentralization, transparency and user empowerment.
IDEX is on the rise
IDEX, a decentralized exchange, provides users with a secure and efficient platform for trading various cryptocurrencies. The current price of IDEX is $0.083767, and its volume over the past 24 hours is $65,824,158.
In the past 24 hours, IDEX has seen an increase of nearly 5%. It is currently ranked #361 on CoinMarketCap, with a market capitalization of $56,447,152.
It has gained popularity thanks to its unique hybrid liquidity system, which combines the performance of a centralized exchange’s order book with the versatility of automated market making (AMM) found on decentralized exchanges.
This approach allows IDEX to provide users with optimal spreads and real-time liquidity, minimizing potential losses while trading.
The platform’s native token, $IDEX, plays a central role in its ecosystem.
Launchpad ($ LPX): Revolutionizing the Web3 Space with Limitless Mechanics
Launchpad is an emerging decentralized exchange that serves as a gateway to the Web3 world. Web3 represents the third generation of the Internet, which is characterized by increasing decentralization, distrust and security.
The project aims to create an easy-to-use platform that offers a range of Web3-based tools, including native crypto assets $LPX, decentralized finance (DeFi), decentralized applications (dApps), non-fungible token market (NFT), and more.
Launchpad fosters collaboration and innovation in the digital space as a decentralized exchange, providing users with investment opportunities, market insights, and access to exclusive pre-sales and NFT launches.
At the time of writing, $1 LPX is trading at a pre-sale price of $0.0445 with over $546,000 raised from early investors.
Set to be the ultimate web3 focus, now is the time to buy $LPX before the price goes up.
Buy Launchpad now
DeeLance: Revolutionizing Freelancing
DeeLance is an innovative decentralized freelance platform that aims to transform the traditional freelancing industry.
By harnessing the power of blockchain technology, non-fungible tokens (NFTs), and the metaverse, DeeLance provides a peer-to-peer marketplace where freelancers and clients can connect directly, eliminating the need for middlemen.
At the heart of the platform is the DLANCE dollar token, which is currently in pre-sale. With impressive traction, the token has already collected over $981,462 and is now available for purchase at $1 DLANCE = $0.033.
This metaverse opens up a world of possibilities for the freelance and hiring, providing new opportunities for collaboration and growth.
DeeLance’s unique approach and early success positions it as a disrupter in the entrepreneurial industry.
By combining the benefits of blockchain technology, NFTs, and the metaverse, DeeLance is set to revolutionize how freelancers and clients interact, creating a more efficient and transparent ecosystem for all parties involved.
Buy DeeLance now
The cryptocurrency market continues to evolve rapidly, providing exciting opportunities for investors. Stay tuned for more updates as we navigate the ever-changing cryptocurrency landscape.
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