Coins by Cryptorank
Insights and analysisEditorial office

Daily crypto opportunities: A new alternative for BNB, MINA goes down, and Arbitrum Nova retrodrop

Tanja Nechet

News editor

Jun 12, 2023 at 09:43

Discover the latest crypto opportunities handpicked by our team, offering readers a glimpse into exciting investment prospects. Whether you’re seeking high-potential altcoins, innovative DeFi projects, or emerging trends, we’ve got you covered. Stay ahead of the curve and get ready to unlock new possibilities and maximize your investment potential in the ever-evolving crypto market. Here’s what we’ve found for you today.

Opportunity #1: A new alternative for #BNB

Exchange tokens are traditionally considered a kind of analog of stablecoins, acting as collateral indirectly tied to the profits of a particular exchange. We have written many times that the specificity of exchanges is to generate money on commissions, which works the same way in a falling market as in a rising one. So investing in an exchange token is a proxy for investing in the exchange itself, which is available to everyone.

In light of the furious regulator’s attack on Binance, traders have begun exiting #BNB en masse and actively looking for a similar instrument. As we wrote at the beginning of the week, among all CEX exchanges, OKX gained the most in new users and capital inflows (running from attacks from Binance and Coinbase).

Another plus for OKX is its regular and super-powerful procedures to burn its exchange coins, taking quite large amounts out of circulation (the deflationary model). For example, yesterday OKX completed its 20th buyback from the market and burned #OKB for a total of about $260 million.

The brand new newsletter with insights, market analysis and daily opportunities.

Let’s grow together!

Opportunity #2: MINA bearish trend

The Mina Protocol (MINA) native token, used to facilitate network transactions and distribute commissions to users, could fall to a record $0.44–$0.4. According to MonoCoinSignal‘s technical analysis, after the token repeatedly encountered resistance in a price range of $0.87 to $0.93, MINA has held steady at $0.55 for the past few months. But that could change soon.

The token is ramping up the pace of decline and has already broken the $0.5 support level. So if similar sentiment persists, there’s a chance that MINA will renew its all-time low.

Opportunity #3: Arbitrum Nova retrodrop

The LayerZero deploying on Arbitrum Nova. There’s a thought that Arbitrum Nova will hold an airdrop. No official data is available yet, but there is already information online on possible activities that will allow you to pick up your penny. For those who have participated in the Arbitrum airdrop, the pattern will be familiar. The experts advise that instead of focusing on the gas, emphasize the number of transactions and volume. The necessary steps are:

  1. Connection of the Arbitrum Nova network in Metamask.
  2. Exchanging ether from the mainnet for ether in the Arbitrum Nova network.
  3. Exchange of any NFT to TofuNFT in Arbitrum Nova network.
  4. Connection of a wallet for exchange.
  5. Providing liquidity.
  6. Creating an event on the Rouge Project.
  7. Pass the quest from Layer3 for Nova.
  8. Deploy the NFT contract to Arbitrum Nova via Apetimism.
  9. Interact with the different protocols that Nova has.

All information provided on this website is for educational and informational purposes only. Please consult with our Disclaimer.

Home » Insights and analysis » Daily crypto opportunities: A new alternative for BNB, MINA goes down, and Arbitrum Nova retrodrop

Your complaint has been sent to a moderator