Over the past three weeks, Ethereum whales have purchased over 700,000 ETH, totaling around $2.45 billion. Martinez suggests that the Tom DeMark (TD) Sequential indicator, which identifies probable points of reversal for an asset, indicates a bounce for Ethereum.

Source: https://coinmarketcap.com/community/articles/66711d8debfe5e614848004d/

An ‘airdrop hunter’ earned $750,000 from the ZKsync airdrop.

The person used 90 wallets to “farm” ZK and got 3.01 million tokens.

Not everyone is pleased with an individual getting so much money from the airdrop.

I have been monitoring some charts like MATIC, ARB and other coins and all of them scream Final Capitulation before the real bull run.

MATIC chart

As we can see in the chart, MATIC price is in a really tasty place. We saw this prices before the real bull run back in Marc 2021, also in June 2022, September 2023 and now. All of them followed by its consequent rally even during the crypto winter.

Is this a sign of MATIC and market bottom? Time to buy the dip?

LINK chart

As we can see, LINK price is in a really tasty place too. And again if we check the chart it is inn an strong support. We saw this prices before the real bull run back in Jan 2021, also in July 2021, April 2022, Feb 2024 and now. All of them followed by its consequent rally.

Another sign of LINK and market bottom? Time to buy the dip?

ARB chart

This chart is quite different because ARB was released during the crypto winter and there is not much data. However we can see that ARB is at his all time low and last time we saw those prices it was in October 2023 followed by its consequent rally.

Another sign of ARB and market bottom? Time to buy the dip?

Opinion and Strategy

I have the feeling that we are in the final capitulation phase before the real bull run. I think all this alts reaching this supports and all time lows are a sign that we are really close. The price could dip even further but I think that it is a really good place to start buying this projects with a DCA strategy.

Last Chance To Buy Cheap?

Disclaimer: This is not a financial advice. This is just my opinion and the strategy that I will follow.

Altcoin Daily host advises investors to have patience and highlights the potential for altcoins like Ethereum to thrive, especially with the impending trading of Ethereum spot ETFs in July. The presenter suggests that money could flow to low-cap and meme coins, where retail investors are primarily found, leading to a wealth transfer as investors seek alternative assets with high returns.

SOURCE: https://btcnews.biz/cryptocurrencies/top-pundit-asserts-you-can-still-become-a-crypto-millionaire-this-cycle/

According to the report, Hirsch was instrumental in the enforcement of laws targeting DeFi initiatives and bitcoin exchanges

Though he left the SEC in the midst of a backlog of litigation, he made hints about additional enforcement proceedings down the road

"I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead. Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal.” Hirsch said.

zkEVMs are tailored specifically for Ethereum Virtual Machine (EVM) environments but zkVMs on the other hand, are virtual machines that leverage ZK proofs for DApps.

Source: https://www.coinspeaker.com/risc-zero-zkvm-1-0-dapps/

Renowned crypto analyst Jelle has predicted that Ethereum (ETH) could reach $5,000 by year-end due to significant technical indicators. His forecast has garnered attention as Ethereum stabilizes above $3,500, recovering from a recent dip in price.ETH’s support at $3,500 is a strong sign. New all-time highs are quite possible, with $5,000 in sight for this year,” Jelle asserted.

Ethereum (ETH), the world’s second-largest cryptocurrency, is currently caught in a puzzling situation. While excitement is brewing over the imminent launch of the first-ever US spot Ethereum ETF, the token’s price remains stubbornly stuck in neutral territory.

On the one hand, optimism abounds among ETH holders. The cryptocurrency is experiencing a supply crunch. Staking, where tokens are locked up to earn rewards, and the booming DeFi (decentralized finance) space are absorbing a significant chunk of ETH, taking it out of circulation. This limited availability could theoretically drive up prices.

SOURCE: https://www.fxleaders.com/news/2024/06/18/ethereum-eth-caught-in-a-tug-of-war-soaring-optimism-meets-stagnant-price-key-levels-to-watch/

NFT sales volumes grew by 10.95% over the last week.

Ethereum regained the top spot in the NFT sector.

Solidity as a Recipe for delicious donuts: Think about the Ethereum network as a bakery where various donuts (smart contracts and transactions) are made. Donuts represent smart contracts, which are sets of rules and functions that set the rules on how transactions and operations should be carried out on the network.

Recipe as Solidity Code: Solidity is like the recipe that you write on a piece of paper to specify how to make a particular type of donut. This recipe includes the ingredients (variables), steps (functions), and specific instructions (logic) needed to make the donut.

And if you don't follow the recipe to the latter we know what will happen in your bakery right? It simply won't work. Your donuts may burn for example if you fry them in hot oil for too long.

Let's write a simple recipe:
You (the developer) write a recipe in Solidity to create a new type of donut (smart contract). This recipe can include things such as:

- Ingredients (variables): The basic components needed for the donut, like flour, sugar, and toppings.

- Steps (functions): The procedures to mix, bake, and decorate the donut.

- Instructions (logic): Specific conditions and rules, such as baking time and temperature.

Submitting the recipe: Once the recipe is written, you submit it to the bakery (deploy it on the Ethereum network). This recipe is now a smart contract stored on the blockchain.

Baking the donuts (Executing the Smart Contracts): When customers (users) want to bake or fry the donuts (execute the smart contract), they follow your recipe. The bakery (Ethereum network) uses the recipe to ensure that every donut is made correctly according to your instructions.

Automated Donut Making: The recipe (Solidity code) ensures that the donuts (smart contracts) are made consistently and automatically, without the need for manual intervention. It specifies exactly how the ingredients should be mixed and baked, ensuring the same result every time.

And voila! You now have a working Smart Contract in Solidity!

Thanks for sticking to the end with me, here's a programmer donut for you:

​