What are the latest cryptocurrency news and coin price trends? Iota (IOTA), Zama (ZAMA), Monero (XMR)? Let's take a look at their performance and future predictions below.
IOTA Integrates LayerZero: Interoperability and Presence in DeFi
The blockchain network IOTA Layer ZeroThis marks a major step forward in blockchain interoperability.
This development will allow IOTA to bypass the EVM testnet and launch directly on the mainnet, where it will be recognized as a chain on the LayerZero website.
This integration brings the release of the IOTA EVM (Ethereum Virtual Machine) closer, expected in June.
The LayerZero integration brings significant benefits to IOTA. Greatly improved Cross-chain functionality allows the IOTA token to connect to other networks, expanding its accessibility and utility.
Users will soon be able to transfer IOTA tokens to various blockchain platforms, Fluidity and Presence In the decentralized finance ecosystem (DeFi).
This integration will have a major impact on decentralized exchanges (DEXs), with IOTA expected to appear on major EVM-compatible DEXs such as: Uniswap and Trader Joe's.
This will ensure global access to the IOTA token and allow users to trade and interact with IOTA within the DeFi environment.
While awaiting the release of the IOTA EVM, teams working on the Shimmer network, such as MagicSeaDEX and DeeprFinance, are preparing their Omnichain tokens to ensure compatibility with the new EVM environment.
These preparations will likely coincide with the release of the EVM and will mark the start of an exciting phase of development and activity in the IOTA community.
Zama raises $73 million to develop homomorphic encryption technology
Open source encryption technology company Zama $73 million Series A funding to develop applications based on Fully Homomorphic Encryption (FHE).
That is, it is a technology that allows data to be processed and potentially protected without being decrypted. Privacy in Blockchain And in artificial intelligence.
The funding round was led by Multicoin Capital and Protocol Labs and was announced recently by Zama in an email.
Investors include Solana co-founder Anatoly Yakovenko Filecoin Founder Juan Bennett Gavin Wood, co-founder of Ethereum and Polkadot.
Founded in 2020, Zama defines Fully Homomorphic Encryption (FHE) as the “holy grail” of encryption, reducing risk by allowing companies to provide services without accessing users' data.
Zama's latest product, E-bookis a confidential smart contract protocol for Ethereum-compatible blockchains that allows on-chain data to remain end-to-end encrypted during processing.
Kyle SamaniIn a press release, the Multicoin managing partner said FHE is “the most important cryptographic primitive in computing for the next decade.”
Monero Cryptocurrency Predictions: Comparison with IOTA and ZAMA
Recently, several cryptocurrency platforms have begun delisting Monero (XMR). Privacy FeaturesIt creates arbitrage opportunities in parallel markets.
Monero is currently the third most traded currency against Bitcoin (BTC) on the peer-to-peer no-KYC platform Bisq, although its trading volume is slightly lower compared to the US Dollar (USD) and Euro (EUR) on Bisq.
At the moment, the monero.boats “street price” index shows that Monero is trading at around $156.75 per XMR. The index is calculated using the latest exchange rates between Bisq's base pairs, Monero and Bitcoin.
Currently, the price of XMR is around 0.00224374 BTC, showing signs of stabilizing after the selling pressure caused by its delisting on Binance.
Price Index Trading View iThe average trading price of Monero on major exchanges is $143.09. XMR has recovered from its drop on Binance to $101, showing strong momentum to test psychological support.
Prior to this, Monero's exchange rate against the US dollar exceeded $165, hitting a year-to-date high of $174.36.
Technical indicators are Bullish forecast For Monero, the price is above the 30-day exponential moving average (30-EMA) and the daily relative strength index (RSI) is at 67.76, indicating steady growth.
Currently, Monero trades on the parallel market at a 9.5% premium over the exchange price, providing traders with arbitrage opportunities that could help drive prices higher on the mainstream market.
However, it is important to note that low volume markets like Bisq tend to follow the price of higher volume markets during arbitrage trading.
