{"id":20260,"date":"2023-04-26T14:20:52","date_gmt":"2023-04-26T14:20:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/izumi-finance-izi-down-15-as-bears-strike-on-kucoin-listing\/"},"modified":"2023-04-26T14:20:52","modified_gmt":"2023-04-26T14:20:52","slug":"izumi-finance-izi-down-15-as-bears-strike-on-kucoin-listing","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/izumi-finance-izi-down-15-as-bears-strike-on-kucoin-listing\/","title":{"rendered":"iZUMi Finance (IZI) down 15% as bears strike on KuCoin listing"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1643021610162-997214f5-784d-45bc-90d6-4ca96496e71e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1643021610162-997214f5-784d-45bc-90d6-4ca96496e71e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1643021610162-997214f5-784d-45bc-90d6-4ca96496e71e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/04\/1643021610162-997214f5-784d-45bc-90d6-4ca96496e71e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">iZUMi Finance (IZI) price dropped over 15% amid massive profit taking.<\/li>\n<li dir=\"ltr\">The dump followed the token\u2019s listing on major crypto exchange KuCoin.<\/li>\n<li dir=\"ltr\">But while price could fall below $0.030, the cryptocurrency\u2019s strong ecosystem growth could see increased IZI demand and aid price uptick down the road.<\/li>\n<\/ul>\n<p dir=\"ltr\">iZUMi Finance (IZI) price fell more than 15% early Wednesday as the cryptocurrency\u2019s market defied broader <a href=\"https:\/\/coinjournal.net\/price\/\">crypto prices<\/a> outlook. IZI traded to lows of $0.032 as sell pressure mounted following the coin\u2019s<a href=\"https:\/\/twitter.com\/izumi_Finance\/status\/1650812521572630529\" rel=\"noopener noreferrer\" target=\"_blank\">\u00a0<u>listing<\/u><\/a> on major crypto currency exchange <a href=\"https:\/\/coinjournal.net\/exchanges\/kucoin\/\">KuCoin<\/a>.<\/p>\n<p dir=\"ltr\">The dump is likely a \u201csell the news\u201d scenario as the price of iZUMi Finance rose exponentially over the past few days. This after KuCoin announced it would list the native token of the multi-chain decentralised finance (<a href=\"https:\/\/coinjournal.net\/news\/tag\/defi\/\">DeFi<\/a>) protocol.<\/p>\n<p dir=\"ltr\">Even with today\u2019s dip, IZI\/USD was still trading more than 26% up in the past seven days and over 280% up in the past two weeks.<\/p>\n<h2 dir=\"ltr\">iZUMi Finance price: sellers in control for IZI\/USD<\/h2>\n<p dir=\"ltr\">While current price outlook suggests sellers might push IZI lower, the cryptocurrency is poised at a horizontal demand zone that has helped bulls for much of April. That suggests the profit taking could give way to new upside momentum.<\/p>\n<p dir=\"ltr\">As for immediate price outlook, IZI\/USD is likely to trade lower if bulls fail to keep $0.030. The hourly chart shows the token is trending towards the oversold territory though and could thus be due an upward flip should the $0.02 base hold. Otherwise, a dip to $0.011 could happen.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/03\/26\/1682516448210-6be28185-0091-4350-9c95-32b161dfb3ab.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"263\"\/><span class=\"fr-inner\"\/><\/p>\n<p dir=\"ltr\">IZI price on the hourly chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/Z3xL2IRx\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/p>\n<p><\/span><br \/>\n<\/span><\/p>\n<h2 class=\"fr-img-space-wrap2\">iZUMi Finance long term outlook: network strength key<\/h2>\n<\/div>\n<p dir=\"ltr\">A look at Izumi Finance\u2019s network performance shows decent growth in total value locked (TVL). According to data on <a href=\"https:\/\/defillama.com\/protocol\/izumi-finance\" rel=\"noopener noreferrer\" target=\"_blank\">DeFiLlama<\/a>, the TVL has risen sharply in the past 10 days \u2013 from under $2 million to over $25 million as of 26 April 2023.<\/p>\n<p dir=\"ltr\">The DeFi protocol\u2019s products iZiSwap, LiquidBox and DAO veNFT among others are also seeing greater uptake across the market. Indeed, the platform announced on Wednesday that it had closed a $22 million financing round for the on-chain order book iZiSwap Pro.<\/p>\n<p dir=\"ltr\">The iZiSwap recently launched on zkSync Era, a future-proof zkEVM network helping to scale the Ethereum blockchain.<\/p>\n<p dir=\"ltr\">Other than the <a href=\"https:\/\/coinjournal.net\/news\/tag\/kucoin\/\">KuCoin<\/a>, iZUMi has also struck key partnerships with MEXC Global, Bybit, Woo Network, and BitDAO. iZUMi also has a security partnership with auditing platform secure3io.<\/p>\n<p dir=\"ltr\">Building a strong platform amid the network pillars could inform long term demand for IZI and aid its price.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/izumi-finance-price-profit-deals-dump-izi-after-kucoin-listing\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) iZUMi Finance (IZI) price dropped over 15% amid massive profit taking. The dump followed the token\u2019s listing on major crypto exchange KuCoin. But while price could fall below $0.030, the cryptocurrency\u2019s strong ecosystem growth could see increased IZI demand and aid price uptick [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":20261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20260"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20260"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20261"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}