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📊 Crypto Reports (May 28, 2024): 1️⃣ Nvidia: #Nvidia Corporation has announced a record quarterly revenue of $26.04 billion, driven by the surge in artificial intelligence. This marks an 18% increase from the previous quarter and a remarkable 262% rise from the same period last year. 🚀 2️⃣ CoinShares: From May 11 to May 17, cryptocurrency investment products saw inflows totaling $932 million. 💰 3️⃣ Nansen: The combined market capitalization of "stablecoins" has exceeded $160 billion. 📈 4️⃣ CBR: In the fourth quarter of 2023 and the first quarter of 2024, the turnover of four crypto-assets (Bitcoin, Ethereum, USDT, and USDC) potentially linked to Russians reached 4.5 trillion rubles ($50.3 billion). 💹 5️⃣ Bloomberg: Between January and March, 25 new crypto-focused venture and hedge funds were launched, the highest number since the second quarter of 2021. 📊 👍 If you haven't subscribed yet, please do so, or give us a like! What are your thoughts on these developments? Leave a comment below!

📊 Crypto Reports (May 28, 2024):

1️⃣ Nvidia: #Nvidia Corporation has announced a record quarterly revenue of $26.04 billion, driven by the surge in artificial intelligence. This marks an 18% increase from the previous quarter and a remarkable 262% rise from the same period last year. 🚀

2️⃣ CoinShares: From May 11 to May 17, cryptocurrency investment products saw inflows totaling $932 million. 💰

3️⃣ Nansen: The combined market capitalization of "stablecoins" has exceeded $160 billion. 📈

4️⃣ CBR: In the fourth quarter of 2023 and the first quarter of 2024, the turnover of four crypto-assets (Bitcoin, Ethereum, USDT, and USDC) potentially linked to Russians reached 4.5 trillion rubles ($50.3 billion). 💹

5️⃣ Bloomberg: Between January and March, 25 new crypto-focused venture and hedge funds were launched, the highest number since the second quarter of 2021. 📊

👍 If you haven't subscribed yet, please do so, or give us a like! What are your thoughts on these developments? Leave a comment below!

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📈 Prediction (TON and SOL): 😘 TON/USDT - #Toncoin is attempting to break above a key resistance level. This time, the breakout might be successful as investors are showing bullish sentiments, preferring to hold onto their assets rather than take profits. According to the active deposits on exchanges metric, active deposits of #TON have reached a two-month low. This indicates that holders are expecting a price increase. Forecast: The last time the price of Toncoin surpassed the $6.5 barrier, it rose to $7. Although the altcoin was unable to sustain above this level, it confirmed it as a critical resistance and support level. If the next breakout attempt succeeds, TON is likely to reach a new high and head towards the next resistance at $7.67. However, failure to hold above the key level will send the price of Toncoin back to $6.0. If this support is also lost, the altcoin is expected to drop to $5.4. 😍 SOL/USDT - The price of Solana's token has fallen to $166 at the time of writing, dropping below the critical mark of $169. This has intensified the bearish sentiment. Additionally, the altcoin has a very high correlation (0.93) with Bitcoin. This can be both an advantage and a disadvantage for SOL. A BTC rally benefits Solana. However, if BTC declines, #SOL may also be at risk. Currently, the latter scenario seems more likely. This is because Bitcoin recently lost its critical support at $68,500 and may continue to fall. Forecast* The price of Solana may either stabilize or drop to a low of $156, and from there head towards $137. However, if the overall market signals turn positive and Bitcoin's price recovers, #Solana could also benefit. This could counteract the current bearish sentiment for SOL and lead to consolidation between $169 and $156. Market optimism could eventually lead to a breakout above $169 and a rise to $200, nullifying the bearish scenario. 👍 Please share this review with others!
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