The post Taiko Crypto Rebounds From The Bottom: Will The Trend Continue? appeared on BitcoinEthereumNews.com.

Taiko crypto stabilized near the lows and rebounded, indicating an improved sentiment. The bullish surge overpowered the prevailing selling pressure and indicated the possibility of an upcoming bullish wave if the price sustains.  TAIKO surged nearly 15% intraday and was trading around the $2.25 mark. Taiko is an open-source, decentralized ZK-Rollup that mirrors Ethereum’s functionality. It was designed to scale Ethereum. Moreover, like Ethereum, there is no centralized governance. Each and every operation is run by the community only.   Furthermore, the sequencing of Taiko’s blocks and transactions is managed by Ethereum’s block builders. This reliance on Ethereum’s infrastructure for transaction ordering disperses control over the sequencer pool, thereby extending Ethereum’s robustness and operational security to the Taiko network. Taiko Crypto Volume & Volatility Analysis Taiko crypto displayed a notable intraday rise pointing to a bullish reversal on the daily chart. Moreover, along with an impressive price rise, there has been a significant development in other metrics. The transaction volume recorded a 405% growth intraday. With the recent surge, the daily transaction volume reached the $72.370 mark. The substantial growth in the  transaction volume denotes an increase in demand. Moreover, the volume to market capitalization ratio has reached to 44.74% reflecting high volatility in the crypto. 6.6% of the total supply is in circulation. Out of a total 1 Billion TAIKO tokens, 65.95 Million tokens were in circulation. Can Taiko Crypto Confirm a Bullish Reversal? Taiko price jumped over 15% today in a bullish reversal scenario on the horizon. The price surpassed the 20 day exponential moving average adding confirmation to it.      On the higher side, if the price manages to surpass the $2.39 level it may indicate a trend shift and the crypto may rise to conquer the all time high of $3.27 and beyond. currently the price…

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Filed under: News - @ July 1, 2024 8:24 pm