Bitfunded Redefines Access to Trading Capital in the Crypto Era  

Banana (BANANA) has recently seen a price rally, gaining 44% as it attempts to break out of a descending wedge pattern. While this bullish setup suggests the potential for further gains, investors’ behavior could hinder the altcoin’s progress. 

Despite the price rise, many investors are reluctant to hold, potentially delaying the breakout.

Banana Gun Faces Selling

Over the past two weeks, the supply of Banana on exchanges has risen by 300,000 tokens, worth just under $5 million. This increase in selling pressure amounts to roughly 9% of the entire market cap, which stands at $55 million. The growing supply on exchanges is a direct result of the altcoin failing to sustain its recovery, pushing many investors to sell and lock in profits.

This increased selling activity points to a highly bearish sentiment surrounding Banana. The failure to recover has triggered a wave of profit-taking, further weighing on the price.

The overall macro momentum for Banana has been marked by a significant spike in active deposits over the past 24 hours, the highest since November 2024. This surge indicates that more Banana tokens are being offloaded, reflecting investor sentiment and profit-taking behavior. 

Unlike previous selling periods where investors sought to offset losses, this round of selling appears to be driven by those booking profits. This shift in behavior could signal further selling in the short term, particularly if the price stabilizes or continues to rise. 

BANANA Price Is Looking For A Gap

At the moment, Banana is trading at $15.95 after rising by 44% over the past day, sitting within a descending wedge pattern that typically signals bullish potential. However, despite this setup, the altcoin has struggled to break out in the last 24 hours, leaving its future uncertain.

If the current weak momentum and selling trends persist, Banana will likely test the lower trend line of the pattern. This could push the price down to $10.29, delaying any potential recovery and reinforcing the bearish outlook.

On the other hand, if broader market conditions improve and investor sentiment shifts, Banana could see a breakout from the wedge pattern. Successfully breaching the $17.57 barrier would signal a reversal and could send the price towards $23.24. Such a move would invalidate the current bearish outlook and mark the beginning of a stronger upward trend for Banana.

The post Banana Gun Price Rallies 44% After Major Selling, Profit Taking Still Likely appeared first on BeInCrypto.

Conor McGregor, the former UFC champion, has entered the crypto scene with the launch of a new memecoin dubbed REAL.

Despite the star power behind it, REAL is off to a sluggish start, struggling to attract investor interest in a memecoin market that is still reeling from recent scandals.

Conor McGregor’s REAL Token Raises Just $218,000

Announced on April 5, McGregor unveiled his plans to disrupt the digital asset space, claiming he had already changed the fight, whiskey, and stout industries.

“I changed the FIGHT game. I changed the WHISKEY game. I changed the STOUT game. Now it’s time to change the CRYPTO game. This is just the beginning. This is REAL,” McGregor announced on X.

His latest move involves a partnership with Real World Gaming DAO to launch REAL. The token promises staking rewards and governance rights through a decentralized autonomous organization.

According to the project’s website, the team opted for a sealed-bid auction model to launch the token, aiming to prevent bot manipulation and create fairer pricing.

Under this system, participants submitted bids using USDC. Successful bidders would receive REAL tokens based on a clearing price, while those who didn’t meet the mark would be refunded.

“The auction will be open for 28 hours, after which a single clearing price will be determined. Tokens will be locked for 12 hours after auction close to facilitate a snipe-free deployment of on-chain liquidity. Proceeds from the auction will seed this pool and fund the DAO treasury,” the project added.

However, the community’s response to the project has been underwhelming. The team aimed to raise $3.6 million, with a minimum threshold of $1 million. As of press time, the auction has raised just $218,000, far below expectations.

Several issues appear to be fueling investor hesitation. Critics have called out the token’s short unlock window, warning that it creates ideal conditions for rapid sell-offs.

Others raised concerns about the project’s use of third-party logos on its site, hinting at misleading promotional tactics.

Moreover, community feedback about the project has also been overwhelmingly negative. Many users labeled the tokenomics as flawed and accused the team of focusing on short-term hype rather than sustainable value.

“If you’re buying REAL token, prepare to get dumped on. The tokenomics are absolute trash, and the unlock cliff is only 12 hours. You’re essentially giving your money away if you buy this token,” Crypto Rug Muncher wrote.

Meanwhile, the dismal launch reflects broader exhaustion in the meme coin sector, which has been rattled by recent scandals involving other celebrity-backed tokens.

Tokens tied to Donald Trump and Melania, for instance, have seen sharp declines that have caused investors significant losses.

“Celebrity coins like McGregor’s REAL and Trumps’ are toxic for crypto! Driven by hype, they lack utility, $Trump crashed 81%, $Melania 92%. These [tokens] hurt investors and crypto’s reputation. We need utility tokens for real value and growth,” Maragkos Petros, the founder of MetadudesX said on social media platform X.

The post MMA Star Conor McGregor’s REAL Token Draws Backlash Over Structure and Execution appeared first on BeInCrypto.

Cryptocurrency exchange Coinbase has listed ZORA, the native token of the Zora platform.

Alongside ZORA, Coinbase included Mantle (MNT) in its listing roadmap. Following the announcements, both tokens saw modest gains.

Coinbase Lists ZORA 

Earlier, in an X (formerly Twitter) post, the exchange announced the addition of ZORA to its listing roadmap. However, a few hours later, Coinbase confirmed that the altcoin was officially listed and available for trading.

“ZORA (ZORA) is now live on Coinbase website and in the Coinbase iOS and Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets,” the April 25 announcement read.

The Experimental Label serves as a cautionary indicator for traders. It marks certain assets that exhibit lower trading volume or are new to Coinbase.

Due to their lower market activity, these assets are prone to increased price volatility, liquidity issues, and the potential for order cancellations. This labeling system ensures users are aware of these risks, encouraging a more cautious approach to trading these less-established assets.

Notably, ZORA is just two days old. It was launched via an airdrop on April 23 and listed on Binance Alpha on the same day. Moreover, Bybit, Bitget, KuCoin, Gate, MEXC, and Bitrue have also added support for the token.

The Coinbase listing further solidifies its growing presence in the crypto market. According to BeInCrypto data, the token’s price appreciated by 2.3% after the news. At press time, ZORA was trading at $0.02.

The development comes during heightened interest in the platform. Zora allows users to tokenize their content, a trend widely promoted by Base founder Jesse Pollak. 

In fact, last week, Base turned its X post titled “Base is for everyone” into a content coin. However, the move attracted significant backlash, as the price plummeted 99% just four hours after launch.

Despite this, Pollak has been vocal in his support for content coins, reiterating his stance recently in an exclusive interview with BeInCrypto.

“Most photos posted on social media are just photos, but occasionally something will really take off and become a viral meme. Similarly, with content coins, most of them are just pieces of content that people should post without expectation, but big ones have the potential to turn into memes, and the free market is deciding on the value of each piece of content,” Pollak told BeInCrypto.

MNT Joins Coinbase’s Listing Roadmap 

Meanwhile, Coinbase also added MNT to its listing roadmap on the same day. 

“The launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure. We will announce the launch of trading separately once these conditions have been met,” Coinbase noted.

Like ZORA, MNT’s price also benefited from the news. Over the past day, the token’s value has increased by 6.5%. At the time of writing, it was trading at $0.74.

While the addition marks a positive development, it remains to be seen whether or when the asset will be listed. For now, Coinbase’s latest moves signal a continued effort to bridge innovative blockchain projects with mainstream investors.

The post ZORA Token Launches on Coinbase as Content Coin Trend Gains Momentum appeared first on BeInCrypto.