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7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/933621.html
相关文章
Gemini announces crypto withdrawals for Voyager customers
iZUMi Finance (IZI) down 15% as bears strike on KuCoin listingVoyager customers can create an account on Gemini to receive their cryptocurrencies.The crypto excha...
阅读更多
Starship will likely launch to orbit for the first time in March
iZUMi Finance (IZI) down 15% as bears strike on KuCoin listingBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.We may be...
阅读更多
Chancer prediction as the ASI token sale gathers momentum
iZUMi Finance (IZI) down 15% as bears strike on KuCoin listingChancer is a new company that is changing the betting industry.The developers have raised almost $40...
阅读更多
热门文章
- US Introduces New Crypto Bill
- This drone can soar through the skies and swim like a fish underwater
- CELO Goes Live On Coinbase One Week After Coinbase Pro
- Bitcoin stabilises around $30k; can it rally to the $35k level soon?
- New token Uniswap (UNI) jumps 135% to touch $6.08
- ChatGPT outpaces Instagram: 10 million daily users in just 40 days
最新文章
Lady Gaga’s ‘Hold My Hand,’ from ‘Top Gun: Maverick,’ Struggles to Take Flight
Cybersecurity experts recommend the people
Top DEX tokens to consider based on Total Value Locked (TVL) alone
US to build Over the Horizon Radar to surveil the South China Sea
Chancer mainnet launch after current presale a perfect timing for 2024 Olympics
Major cryptos drop, China tech firms bring US indices down