Tezos (XTZ) is currently trading at $0.8369, marking a 1.63% increase in the past 24 hours. Known for its robust infrastructure and community-driven governance, Tezos prioritizes security and reliability through rigorous code verification processes. The platform recently implemented its 16th protocol upgrade, Paris, enhancing speed, scalability, and overall performance. Despite a recent weekly decline of 11.61%, Tezos has shown positive momentum with 16 green days in the past 30 days. Market analysts predict a potential average price of $4.33 for XTZ by the end of the year under favorable market conditions.
Monero Sees Significant Rise
Monero (XMR) has experienced a notable rise today, with its price climbing by 6.23%. As a privacy-focused cryptocurrency, Monero continues to attract attention for its ability to provide secure and anonymous transactions. The recent price increase underscores the growing interest and confidence in privacy-centric digital assets.
BNB Incubation Alliance Launched
BNB (BNB) is gaining traction following the introduction of the BNB Incubation Alliance (BIA) by BNB Chain and Binance Labs. This initiative aims to support early-stage blockchain projects through global events and collaborations with venture capitalists. Participants in the BIA program will benefit from grants, investments, and a launch-as-a-service program offering $300,000 in services.
On June 6, BNB reached an all-time high of $717.48, though it has since corrected to $609.30, showing an intraday increase of 0.84%. Market sentiment remains bullish, with the Fear & Greed Index indicating a score of 74, suggesting high market greed. Additionally, BNB trades 42.95% above its 200-day simple moving average (SMA) of $427.54 and has shown positive performance with 15 green days in the past 30 days.
U.S.-Listed Bitcoin ETFs Face Outflows
In other news, U.S.-listed bitcoin exchange-traded funds (ETFs) experienced significant net outflows on Thursday, totaling more than $226 million. This marks the third consecutive day of outflows this week, mirroring a similar pattern observed at the end of April.
