您现在的位置是:iZUMi Finance (IZI) down 15% as bears strike on KuCoin listing >>正文
iZUMi Finance (IZI) down 15% as bears strike on KuCoin listing
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛38915人已围观
简介iZUMi Finance (IZI) price dropped over 15% amid massive profit taking.The dump followed the token&rs...
- iZUMi Finance (IZI) price dropped over 15% amid massive profit taking.
- The dump followed the token’s listing on major crypto exchange KuCoin.
- But while price could fall below $0.030, the cryptocurrency’s strong ecosystem growth could see increased IZI demand and aid price uptick down the road.
iZUMi Finance (IZI) price fell more than 15% early Wednesday as the cryptocurrency’s market defied broader crypto prices outlook. IZI traded to lows of $0.032 as sell pressure mounted following the coin’s listingon major crypto currency exchange KuCoin.
The dump is likely a “sell the news” scenario as the price of iZUMi Finance rose exponentially over the past few days. This after KuCoin announced it would list the native token of the multi-chain decentralised finance (DeFi) protocol.
Even with today’s dip, IZI/USD was still trading more than 26% up in the past seven days and over 280% up in the past two weeks.
iZUMi Finance price: sellers in control for IZI/USD
While current price outlook suggests sellers might push IZI lower, the cryptocurrency is poised at a horizontal demand zone that has helped bulls for much of April. That suggests the profit taking could give way to new upside momentum.
As for immediate price outlook, IZI/USD is likely to trade lower if bulls fail to keep $0.030. The hourly chart shows the token is trending towards the oversold territory though and could thus be due an upward flip should the $0.02 base hold. Otherwise, a dip to $0.011 could happen.
IZI price on the hourly chart. Source: TradingView
iZUMi Finance long term outlook: network strength key
A look at Izumi Finance’s network performance shows decent growth in total value locked (TVL). According to data on DeFiLlama, the TVL has risen sharply in the past 10 days – from under $2 million to over $25 million as of 26 April 2023.
The DeFi protocol’s products iZiSwap, LiquidBox and DAO veNFT among others are also seeing greater uptake across the market. Indeed, the platform announced on Wednesday that it had closed a $22 million financing round for the on-chain order book iZiSwap Pro.
The iZiSwap recently launched on zkSync Era, a future-proof zkEVM network helping to scale the Ethereum blockchain.
Other than the KuCoin, iZUMi has also struck key partnerships with MEXC Global, Bybit, Woo Network, and BitDAO. iZUMi also has a security partnership with auditing platform secure3io.
Building a strong platform amid the network pillars could inform long term demand for IZI and aid its price.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/8931.html
相关文章
30+ million Bitcoin addresses are in profit after BTC spike
iZUMi Finance (IZI) down 15% as bears strike on KuCoin listingBitcoin addresses in profit is at a 9-month high of 30+ million.More unique addresses in profit were...
阅读更多
Litecoin (LTC) rebounds sharply from January lows
iZUMi Finance (IZI) down 15% as bears strike on KuCoin listingThe past two weeks have been quite impressive for Litecoin (LTC) bulls. After hitting major lows in...
阅读更多
Polygon upgrade to address gas
iZUMi Finance (IZI) down 15% as bears strike on KuCoin listingPolygon announced the scheduled hard fork had succeeded on Tuesday, 17 January, 2023.The software up...
阅读更多
热门文章
- Massive Job Loss Pushes Egyptians Into The Crypto Industry
- London to host the Blockchain Economy Summit’s 6th edition
- Bitcoin and altcoins fall as risk aversion hits on news Trump has COVID
- Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real
- Aelf (ELF) token jumps 142% as investors turn to SUSHI rival SASHIMI
- Bakkt to officially sunset consumer app on 16 March 2023
最新文章
'Eerie
Analysts: Bitcoin remains bullish after breaking above $43k
The best choice of stablecoin: Tether (USDT) vs USD (coins)
Bankrupt Alameda Research wallets resurrect and transfer millions of FTT tokens
Immutable X unveils Immutable Passport, a non
MakerDAO taps Chainlink automation to help stabilise DAI