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Daily crypto opportunities: Events around #FXS, SHIB “inevitable” pump, and opBNB mainnet transactions

Andrew Zhoao

News editor

Jun 22, 2023 at 09:28

Hey, crypto fam! We know times are tough, but stay positive and keep your eyes open for opportunities. Here are some exciting ideas to explore in the crypto space. Take a look!

Opportunity #1: Interesting events around #FXS

The founder of Frax has expressed support for Ouroboros Capital’s proposal, which pushes for a more aggressive buyback strategy for tokens. In fact, they want to redeem their tokens in a permanent buyback style like the stock market.

The mechanism has worked fine so far, judging by the chart. The token has risen by 7% in the last 24 hours alone. There is no guarantee that it will work for a long time, but in the short term, it is quite interesting.

Opportunity #2: SHIB “inevitable” pump 

According to MadWhale’s technical analysis, Shiba Inu is near the main support level in the triangle pattern, which indicates the probability of the continuation of a certain trend in the market.

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In addition, even if it does not enter the pattern, gain and pump from the level marked in green is expected, which is also an acceptable scenario.

*Any technical analysis in the long run cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions

Opportunity #3: NFT transfer to the opBNB mainnet  

BNB Chain has launched a new opBNB network based on Optimism. According to the statement, it is designed to reduce transaction fees by moving computation and data storage outside of the main blockchain.

The mainnet is scheduled to launch in the third quarter of 2023, and now everyone can transfer NFT to the opBNB network via xkBridge. Why? To make the first transaction on the new network. Here’s a list of steps to take:

  • Joining Discord BNB and moving to channel Testen-fauce2;
  • Calling the /faucet command and inserting the MM address;
  • Bridging the test BNB into the opBNB network.
  • Switching to Testnet;
  • Choosing the BNB network then pressing NFT faucet;
  • Minting Greenfield Testnet, then pressing zkBridge NFT;
  • Selecting the opBNB receiving network in the second step;
  • Confirming all operations and claiming NFT in the opBNB network.

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