GenBlock

Bitcoin drops sharply to 102.000$ . Billions of USDT have been liquidated, so where does the cause come from?

Early morning on 11/10, the Crypto market was dyed red across the board, a nightmare and haunting feeling for investors.
When
BTC dropped from 122.550$ to 102.000$ (down 17%)
ETH dropped from 4.393$ to 3.435$ (down 22%)
BNB dropped from 1.278$ to 870$ (down 33%)
XRP dropped from 2.83$ to 1.25$ (down 56%)
Some Altcoins such as:
Sui dropped from 3.47$ to 0.55$ , about a 7 times decrease
Atom dropped from 4.18$ to 0.001$ , about a 40 times decrease
According to Coinglass Liquidation Data, about 9.59 billion dollars were completely liquidated, of which up to 8 billion dollars came from long positions. These are record numbers rarely seen in the Crypto market.

So where does the cause come from????
Some sources say that this cause comes from President Donald Trump's announcement of an additional 100% tax on Chinese goods, this level added on top of the current tax pressures and simultaneously tightening the export of important software.

This news was announced on the afternoon of 10/10/20205 after the US stock market closed, and the Crypto market took the brunt.
So is this the main cause? Or are there still other factors affecting the market? Stay tuned to Genblock for the latest news updates.
#cointut #btc #bitcoin #BNB #ETH #downtrend #coingiam

🔥 “EVAA – “AAVE of the TON system” 🔥
📍 EVAA Protocol is the native lending/borrowing protocol on TON, providing a simple and intuitive DeFi experience right within Telegram. This is one of the important pieces that help TON complete its DeFi infrastructure.
📌 Highlights:
Unique Telegram integration: helps EVAA reach hundreds of millions of users, bridging the gap between Web2 ↔ Web3.

Results after 2 years: reached 310,000 wallets and TVL $118M – a very impressive number for a new DeFi protocol on TON.

EVAA Token: total supply 50M, burn mechanism, used for governance, incentives, and transaction fees.

Reputable investors: TON Ventures, Animoca Ventures, CMT Digital, Polymorphic Capital, along with many KOLs & large communities.
👥 Development team
Background in blockchain & decentralized finance.

Have participated in building products in the TON and Web3 ecosystems before.

Team lock 9 months → quite early
💥 With the current price:
EVAA - MKC: 27M , TVL: 118M
AAVE - MKC: 4.4B, TVL: 45B
👉 We can see that the current TVL of AAVE is much larger than that of EVAA, so the MKC of EVAA is quite high compared to its actual value.
=> EVAA is a notable project in the TON ecosystem, but it is still too small to compare with giants like AAVE. The early unlock for the Team, Investors, and KOLs may reduce the motivation for long-term development commitment of the project. A lot of push and differentiation will be needed in the future to explode, so careful consideration is required if one wants to hold long-term.

#EVAA #AAVE #token #Genblock #Blockchain #chuyengiadudinh

🚨 Double Zero (2Z) – Potential or Risk When Foundation Holds All Token Unlock???? 🚨
Double Zero (2Z) is emerging as a hot DePIN project as it was just listed on Binance Alpha and Futures today. The community's interest is very high; however, the project has some noteworthy points:
🔸 Lack of Transparency in Tokenomics
29% of tokens are allocated for Foundation & Ecosystem, 5% for Jump Crypto, which are fully unlocked immediately after TGE.

Notably, the Chairman of Double Foundation is Austin Federa – the founder of the project. This creates a risk of conflict of interest, as a fund holding a large portion of the circulating tokens could significantly impact the market price.
🔸 Allocation Not Community-Oriented
The token allocation ratio for the community is very low, with most falling into the foundation, team, and investment fund.

🔸 Inconsistent Messaging About Airdrop
The founder previously stated there would be no airdrop for the community.

However, the Binance Alpha community received an airdrop right after TGE → causing many investors to be confused about the transparency.
🔸 Additionally, the announced total supply is 10B, but more can still be minted. And due to the project's lack of transparency, it could lead to token inflation.
⚖️ Overall Assessment:
With the fund holding a large portion of unlocked tokens, it is highly likely they will control supply and demand, limiting a strong dump after the community's airdrop sale.

This also means that the token price could be pushed up in the short term.
👉 Conclusion:
Long-term Investment (hold): High risk due to lack of transparency in tokenomics

Short-term Investment (trade): There are still opportunities if the right timing is chosen to take advantage of the initial FOMO wave.

#GENBLOCK #ChuyenGiaDuDinh #DoubleZero #2Z

#AVNT - CAUSE OF THE PRICE DROP OF MATERIALS: IS IT FROM THE DEVELOPMENT TEAM?????

👉 For 5 consecutive days, the price of AVNT has sharply dropped from 2.67 to 1.04, nearly a third. So where does the cause come from?
👉 Some conflicting information comes from the fact that the development team has listed AVNT on the CEX and released it to the market. The account SmartMoneyCrypto has confirmed that the Distributor wallet (0x6ffe50) belongs to the Dev team and this wallet has released a large amount of tokens on the CEX exchanges.
👉 However, Sehaj, one of the Co-Founders, has posted a correction stating that this is not their wallet but a wallet from the Kraken exchange. And the team is still striving to develop the project.
👉 With these two conflicting opinions, a Twitter account, Ed Cooper, has posted a detailed analysis as follows:
The Distributor wallet (0x6ffe50) indeed belongs to the Kraken exchange, but it is entirely possible that the Dev team has released tokens. Monitoring on Nansen, the Vesting wallet holding 74% of the tokens has transferred an order worth 32M AVNT to the AVNT Multisig wallet, and from this Multisig wallet, 32M AVNT was deposited on Binance.
👉 It could also be that this is the amount of tokens prepared for the upcoming Airdrop; however, Binance usually does not hold project tokens too early, and these tokens will be kept in the Multisig wallet.
👉 This anomaly has led the community to question what the 21M AVNT will be used for. Could it be one of the tricks to profit from price differences by the Dev team? Everyone share your opinions and analysis.
#AVNT #FUD #PerpDEXSeason #perp

AVNT - IS MYX 2.0 ???

Avantis (AVNT) is drawing significant attention in the crypto community, especially after being listed on major exchanges like Binance and Upbit with the same decentralized derivative protocol as MYX but on the Base chain.
Avantis is a perpetual DEX that allows users to trade perpetual contracts on Base, with a leverage of x100 on various asset types.
Let's compare the potential of AVNT with MYX
With a total derivative trading volume in 30 days of
AVNT: 5,191B and MYX: 9,654B
while
MC: AVNT: 350M and MYX: 2B
We can see that the trading volume of AVNT is half that of MYX, but the MC is only 1/6, thus the potential for AVNT to grow somewhat like MYX will be significant. The price range around 1$ is good to buy, take profit when AVNT reaches an MC of around 1B$

Disclaimer
The information provided in this content is for informational and educational purposes only and is not financial, investment, or trading advice. Investing in cryptocurrency is highly speculative and carries significant risks, including the possibility of losing your entire investment. Do Your Own Research (DYOR): Always conduct thorough and independent research before making any investment decisions.

#Avantis #AVNT #MYX #PerpDex #ExpertPrediction

Pyth Network (PYTH): IS THERE A CHANCE TO RETURN TO THE PEAK???

PYTH surged more than 100% in just 1 day to 0.25$ after information from ChainLink, Pyth Network was selected by the U.S. Department of Commerce to cooperate in publishing official macroeconomic data (such as GDP, Personal Consumption Expenditures - PCE) on the blockchain.

Can PYTH return to its old peak and hit ATH in the future?

Pyth Network is a decentralized oracle that specializes in providing real-time financial data for blockchain applications, particularly in the DeFi (decentralized finance), GameFi, and smart contract sectors, with its main competitor being Chainlink.
MC: PYTH: 1.29 B$ vs LINK: 16B $
ATH: PYTH: 1.16$ current price 0.18$

Thus, to return to its old peak, the MC of PYTH would be around 8.3B$, which is half of Chainlink. However, currently, Pyth only holds 6.35% market share = 1/10 compared to ChainLink's 61.85%. Especially, Pyth's market share is only in a niche segment and not as diverse as ChainLink, so for PYTH to achieve ATH in the near future is very difficult.

In conclusion: according to my assessment and calculations: Pyth can still stabilize and has the potential to increase its market share from 1/10 to 1/5 compared to ChainLink, and the opportunity for the current price to return to the resistance zone around 0.51 with MKC of 3.6 billion $ is entirely possible. And this is not a token to expect extraordinary growth, but it can maintain stability and long-term potential.
#Pyth #trend #ĐầuTưThôngMinh #battrend #BİNANCE

Pyth Network (PYTH): IS THERE A CHANCE TO RETURN TO THE PEAK???

PYTH surged more than 100% in just 1 day to 0.25$ after the information from ChainLink, Pyth Network was selected by the U.S. Department of Commerce to cooperate in publishing official macroeconomic data (such as GDP, Consumer Price Index - PCE) to the blockchain.

Can PYTH return to its previous peak ATH in the future?

Pyth Network is a decentralized oracle specializing in providing real-time financial data for blockchain applications, particularly in the DeFi (decentralized finance), GameFi, and smart contract sectors, with its main competitor being Chainlink.
MC: PYTH: 1.29 B$ vs LINK : 16B $
ATH: PYTH : 1.16$ current price 0.18$

Thus, to return to the old peak, the MC of PYTH will be around 8.3B$ which is half of Chainlink. However, currently, Pyth holds only 6.35% of the Oracle market share = 1/10 compared to ChainLink's 61.85%. Especially, Pyth's market share is niche-specific and not as diversified as ChainLink, so it will be very difficult for PYTH to achieve ATH in the near future.

In conclusion: according to my assessment and calculations: Pyth can still stabilize and has the potential to increase its market share from 1/10 to 1/5 compared to ChainLink, and the opportunity for the current price to return to the resistance area of about 0.51 with MKC 3.6 billion $ is entirely possible. And this is not a token for you to expect explosive growth, but it can maintain stability and long-term potential.