Market
Farm Free ADIX, FXAS, and More
As Bitcoin (BTC) eyes further gains, with potential to hit $90,000, traders and investors remain optimistic. Amid this bullish sentiment, several crypto airdrops offer lucrative opportunities with minimal investment.
These airdrops distribute free tokens to attract new users and expand communities. For crypto enthusiasts, the following airdrops present a chance to earn new tokens and engage with emerging projects.
ADLTIX
ADLTIX offers a novel artificial intelligence (AI) platform designed to transform data into actionable insights. With up to 125,000 ADIX tokens to be airdropped, this Telegram bot project’s airdrop started in August and will end on November 20.
“Participate in our airdrop and share 125,000 ADIX tokens by completing tasks. Rewards were distributed around Nov 20. 1000 lucky participants will win! Top 200 referrals get extra ADIX tokens,” ADLTIX noted.
Fortified X
Fortified X is a novel blockchain project focused on enhancing the security and accessibility of decentralized finance (DeFi) assets. Starting in September, this Telegram bot’s airdrop climaxes on November 20, with up to 217,500 FXAS tokens to be allocated.
Notably, the airdrop will take place five days before the project’s public sale, strategically positioning airdrop farmers for possible gains during the IPO.
“The FXAS Public Sale is happening on 25th Nov 2024,” Fortified X shared recently.
As the countdown continues, Fortified X indicated that top-tier KOLs back the imminent launch, bringing massive support and hype to its public sale.
Renewable Energy Ventures
Leading the clean energy revolution, this project aims to drive sustainable solutions while pushing the boundaries of crypto innovation. The Renewable Energy Ventures (REV) airdrop, set to end on November 22, will distribute up to 100,000 REV tokens. To participate, users must submit their Ethereum wallet addresses via the Gleam page and can earn additional points by referring friends.
The project is also running a referral program until Thursday, November 14, offering rewards for participants. However, it has issued a warning against any fraudulent activity, emphasizing the importance of fair participation.
“Referrals will be monitored, and any form of cheating, like bot entries or duplicate accounts, will result in immediate disqualification, and a ban from the community. Violators will lose access to all future events and campaigns,” an official post on X read.
DeusWallet
DeusWallet is a multi-currency crypto wallet that combines advanced security features with comprehensive DeFi functionality. The project confirmed its airdrop after launching a prize distribution campaign with a substantial $250,000 reward.
“The campaign rewards users based on their blockchain activity and wallet usage, with prizes distributed proportionally to participants’ involvement,” DeusWallet said.
The distribution event is scheduled to conclude on December 25, when the project will reveal the winners and distribute the rewards within 24 hours. Meanwhile, to participate in the DeusWallet airdrop, participants must share a screenshot from the ‘Receive’ menu.
Participants are also eligible for maximized rewards when they maintain a higher balance in their DeusWallet to increase potential prize share. The reward system considers balances when calculating prize distributions. Users can also employ multiple addresses and join the project’s referral program.
“Earn a 10% bonus based on your referees’ prize balances,” it said.
Loop
Loop also confirmed its airdrop as it presents a dedicated lending market for Ethereum carry trades. The project is running a points program for its users, incentivizing them to lock their Ethereum (ETH), or liquid restaking tokens (LRT), into the protocol.
This crypto airdrop project announced that at its token generation event (TGE), 7% of the tokens will be airdropped with a linear conversion among all participants.
“At TGE, 7% of the supply will be distributed among the participants depending on the number of points earned,” Loop said.
Participants can also refer their friends to earn 20% of the points (Quaaloops) given to the depositor.
Swing.xyz
Swing.xyz airdrop is slated for some time in the fourth quarter (Q4). Airdrop farmers interested in Swing can acquire points by using the Swing protocol through Galaxy Exchange. The accumulation of points is achieved through a variety of activities, including making Swaps and Bridge transfers. Users can also perform quests and refer friends.
Further, the launch of Swing points is the primary method for transferring power to the community over time. It serves as a distribution channel, enabling everyone to actively contribute and participate in future Swing governance.
zkFinance
This is an all-in-one DeFi solution for zkSync, offering lending and borrowing, bridge, cross-chain swaps, and concentrated liquidity.
Standing among the top eight crypto airdrops to watch this week, zkFinance plans to distribute 20 million ZGT tokens over the course of 100 days. With this, 200,000 ZGT tokens are distributed daily for participants who supply or/and borrow a minimum of $200.
Some users have compared the zkFinance airdrop to Scroll, with the former said to be presenting better prospects.
“Zksync airdrop 17.5% launch at $7 billion fully diluted valuation (FDV) and now Scroll airdrop only 5% but $1 billion FDV. Even your first airdrop is lower than the incentive next coming from zkSync. I’m going to move my asset back to ZK,” wrote Justin Ng.
Stacking DAO
This is the leading liquid staking protocol (LSP) and the largest DeFi app on the Stacks blockchain. STX stacking is made easy by providing access to stacking yields up to 10% and unlocking STX liquidity to earn more rewards across DeFi.
“…250k Jindo tokens were airdropped to Stacking DAO and Zest depositors. Textbook play of how to tap into established Stacks DeFi communities and generate awareness,” the project shared recently.
Even as the project runs its airdrop, it is worth noting that users in the USA are not eligible for this and are barred from participating.
While these are some of the best upcoming airdrops, investors should conduct thorough research when choosing which projects and opportunities to farm.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
South Korea Unveils North Korea’s Role in Upbit Hack
According to local media, South Korea confirmed that North Korea was behind the theft of 342,000 Ethereum (ETH) tokens. The 2019 loot, worth approximately 58 billion Won or $41.5 million, was stolen from the Upbit crypto exchange.
The stolen tokens, now valued at 1.47 trillion Won, represent one of the largest cryptocurrency heists attributed to North Korea.
North Korea’s Involvement Uncovered
Per the report, the National Investigation Headquarters of South Korea’s National Police Agency announced on November 21 that two North Korean hacking groups, Lazarus and Andariel, orchestrated the attack. Both groups are known affiliates of North Korea’s Reconnaissance General Bureau, a state agency linked to cyber espionage and financial crimes.
Investigators relied on a combination of digital forensics, including tracking IP addresses and analyzing the flow of stolen cryptocurrencies. The probe also identified linguistic traces of North Korean vocabulary.
“It was revealed that traces of the North Korean term ‘Heulhan Il’ (a word meaning ‘unimportant matter’) were found on the computer used in the attack at the time,” another local Korean media corroborated.
This linguistic fingerprint, alongside other technical evidence, strengthened the case against North Korea. According to the report, the US Federal Bureau of Investigation (FBI) police also aided the investigation. They provided additional evidence linking the attack to North Korea.
Following the theft, the perpetrators exchanged 57% of the stolen Ethereum for Bitcoin on three cryptocurrency exchanges believed to be operated by North Korea. These transactions happened at prices 2.5% below market value, presumably to expedite the sale. They then distributed the remaining Ethereum across 51 overseas exchanges and laundered them to obscure its origins.
In 2020, some of the stolen cryptocurrency was identified at a Swiss crypto exchange. After a four-year effort to prove its source to Swiss prosecutors, South Korean authorities recovered 4.8 Bitcoin (BTC), worth around 600 million won. The recovered funds were later returned to Upbit in October 2024.
Concerns Over North Korea and Upbit Woes
Meanwhile, North Korea’s involvement in cryptocurrency crimes is not new. After a series of reports, authorities have noted a shift in tactics. As BeInCrypto reported recently, hackers linked to the regime are increasingly targeting crypto firms with sophisticated methods. Among the most prevalent techniques are phishing campaigns and supply chain attacks.
“The campaign, which we dubbed ‘Hidden Risk’, uses emails propagating fake news about cryptocurrency trends to infect targets via a malicious application disguised as a PDF file,” a recent report read.
This change of tact highlights the urgency for heightened cybersecurity measures across the industry. Notwithstanding, the confirmation of North Korea’s involvement in the 2019 Upbit hack marks a significant development.
While the United Nations (UN) and foreign governments have previously accused North Korea of funding its weapons programs through crypto theft, this is the first time South Korean authorities have officially linked the regime to a major cryptocurrency heist. The incident highlights the dual vulnerabilities facing the cryptocurrency industry.
First, external threats from state-sponsored hackers and, second, internal risks tied to inadequate regulatory compliance. Against the latter, and as BeInCrypto reported, South Korea’s Financial Intelligence Unit recently cited concerns about inadequate user verification systems. Specifically, the unit flagged over 600,000 potential KYC violations at Upbit, South Korea’s largest cryptocurrency exchange.
The discovery of mass KYC violations at Upbit raises questions about whether exchanges are doing enough to prevent illicit activities. Improved oversight, combined with stricter enforcement of anti-money laundering (AML) measures, could help deter future attacks and ensure a safer trading environment for investors.
The exchange is also facing an antitrust investigation by South Korea’s Fair Trade Commission, which is examining potential abuses of market dominance.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Targets Its Next Move: Will It Break Higher Again?
XRP price is consolidating gains above the $1.00 zone. The price might start a fresh increase if it clears the $1.150 resistance zone.
- XRP price started a downside correction below the $1.120 level.
- The price is now trading below $1.120 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $1.1380 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could gain bullish momentum if it clears the $1.150 resistance.
XRP Price Holds Support
XRP price struggled to start a fresh increase above the $1.150 and $1.180 levels. It started a downside correction and traded below the $1.120 level. It underperformed Bitcoin and struggled like Ethereum in the past two sessions.
The price is now trading below $1.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.1380 level. There is also a short-term contracting triangle forming with resistance at $1.1380 on the hourly chart of the XRP/USD pair.
The first major resistance is near the $1.150 level. The next key resistance could be $1.1680 or the 61.8% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low.
A clear move above the $1.1680 resistance might send the price toward the $1.200 resistance or the 76.4% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low. Any more gains might send the price toward the $1.2250 resistance or even $1.2320 in the near term. The next major hurdle for the bulls might be $1.250 or $1.265.
More Downsides?
If XRP fails to clear the $1.1380 resistance zone, it could continue to move down. Initial support on the downside is near the $1.100 level. The next major support is near the $1.0650 level or the triangle’s lower trend line.
If there is a downside break and a close below the $1.0650 level, the price might continue to decline toward the $1.020 support in the near term. The next major support sits near the $0.980 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $1.1000 and $1.0000.
Major Resistance Levels – $1.1680 and $1.2000.
Market
Why PNUT Recovery Could Happen Soon After 30% Fall?
Peanut the Squirrel (PNUT), the meme coin that recently surpassed a $2 billion market cap, has experienced a sharp 30% price drop in the past week, bringing its value down to $1.36. However, emerging signals suggest that PNUT’s recovery might be just around the corner.
While some traders may wait for further discounts, this analysis indicates that the opportunity to buy at these lower levels could be closing fast.
Bearish Sentiment Around Peanut the Squirrel Could Fuel Bounce
One key indicator hinting at a potential PNUT recovery is the Weighted Sentiment, which evaluates market perception using social volume. A positive sentiment typically reflects bullish market commentary, often driving increased demand and price growth. Conversely, negative sentiment signals bearish sentiment across the market.
However, extreme readings in Weighted Sentiment can trigger contrarian moves. For instance, overly bullish sentiment might precede a price correction, while extreme negativity often sets the stage for a rebound.
According to Santiment data, PNUT’s Weighted Sentiment has plunged to a historic low of 0.12. This deeply bearish sentiment suggests market pessimism, but its extremity could fuel what’s known as a “hated rally,” where overwhelming negativity ignites an unexpected recovery.
Further, the Relative Strength Index (RSI) is another indicator suggesting that the Solana meme coin’s value could erase part of its losses. The RSI is a technical oscillator that uses the speed and size of price changes to measure momentum.
When the reading drops, the momentum is bearish. Conversely, if the RSI reading rises, the momentum is bullish.
On the 1-hour chart, even though the indicator is below the 50.00 midpoint, the rating has increased from yesterday. Should this rating continue to surge, then PNUT’s price might rise higher than $1.36.
PNUT Price Prediction: Rally Toward $1.94 Begins
Looking at the same 1-hour timeframe, BeInCrypto observed that the trading volume around PNUT has increased. However, it is important to note that both buyers and sellers are still involved in transacting the token.
Still, it appears that bulls are defending the price at $1.31. If this remains successful, then PNUT’s price could rally toward $1.64 in the short term. In a highly bullish situation, PNUT recovery could see the price climb to $1.94.
On the other hand, if selling pressure increases, this might not happen. Instead, the meme coin’s value could drop to $1.26 in the short term.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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