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🪙 Crypto News (Apr 23, 2024): 1️⃣ OKX: Cryptocurrency exchange #OKX has added support for the Tether (USDT) stablecoin on The Open Network (TON) blockchain, becoming the first exchange to offer its users USDT operations on TON. 🔄 2️⃣ WikiEXPO: On May 17, 2024, the Wiki Finance Expo Hong Kong 2024 conference will take place in Hong Kong. The event is dedicated to the future of financial technologies. 📈 3️⃣ cLabs: cLabs, the primary developer of the Celo L1 blockchain, has chosen Optimism's OP Stack for migrating to the second layer of Ethereum. 🛠️ 4️⃣ Ontology: The new #Ontology fund will drive innovation in the decentralized identification (DID) sector, as well as promote mass adoption of DID solutions. The ONT token, the native cryptocurrency of the Ontology blockchain project, responded to the news with a 26% increase. The fund will actively support content creators who explain DID to a broad audience in simple terms. Ontology particularly encourages enthusiasts in creative or educational fields—from writers and directors to event organizers—to create educational materials for all knowledge levels, from beginners to experienced users. 🌱 5️⃣ Reuters: Venezuela's state oil company, PDVSA, plans to expand the use of the #USDT stablecoin for exporting crude oil and fuel oil due to tightened sanctions from the United States. ⛽ 👍Want to stay updated on the latest news? Subscribe, like, or leave a comment!

🪙 Crypto News (Apr 23, 2024):

1️⃣ OKX: Cryptocurrency exchange #OKX has added support for the Tether (USDT) stablecoin on The Open Network (TON) blockchain, becoming the first exchange to offer its users USDT operations on TON. 🔄

2️⃣ WikiEXPO: On May 17, 2024, the Wiki Finance Expo Hong Kong 2024 conference will take place in Hong Kong. The event is dedicated to the future of financial technologies. 📈

3️⃣ cLabs: cLabs, the primary developer of the Celo L1 blockchain, has chosen Optimism's OP Stack for migrating to the second layer of Ethereum. 🛠️

4️⃣ Ontology: The new #Ontology fund will drive innovation in the decentralized identification (DID) sector, as well as promote mass adoption of DID solutions. The ONT token, the native cryptocurrency of the Ontology blockchain project, responded to the news with a 26% increase. The fund will actively support content creators who explain DID to a broad audience in simple terms. Ontology particularly encourages enthusiasts in creative or educational fields—from writers and directors to event organizers—to create educational materials for all knowledge levels, from beginners to experienced users. 🌱

5️⃣ Reuters: Venezuela's state oil company, PDVSA, plans to expand the use of the #USDT stablecoin for exporting crude oil and fuel oil due to tightened sanctions from the United States. ⛽

👍Want to stay updated on the latest news? Subscribe, like, or leave a comment!

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📈 Prediction (ETH and FET): 😀 ETH/USDT - According to data from the Glassnode analytical platform, the inflow of #ETH to exchanges has significantly slowed down over the last 24 hours. This usually leads to a rebound, so the asset has a chance to at least partially recover from the losses incurred this week. Forecast: At the time of writing, #Ethereum is trading at $2,945 and bouncing off the lower boundary of the descending wedge. The asset has been in this pattern for the past two months, and a drop below $3,000 would only confirm the bullish reversal pattern. The likely move from here would be an impulse towards breaking the upper trendline. If successful, ETH could rise to $4,000. On the other hand, a rise in bearish sentiment among investors could threaten the rally potential. Failure to hold the $3,000 level could lead to a collapse to $2,800, invalidating the bullish thesis and sending the altcoin to $2,740. 📊 FET/USDT - Currently, #FET is experiencing a surge in investor interest: evidenced by the increase in the number of active addresses over the past 48 hours. The total number of wallets transacting on the network has increased by 93% — from 1,152 to 2,152. The growth in active addresses, coupled with a decrease in price, is usually considered a buy signal. Forecast: At the time of writing, FET is trading just below the $1.96 support. This level has been tested several times in the past and has not yet been breached. A bounce from it would mark the beginning of a potential rally towards the $2.46 mark, which the asset failed to overcome during the last uptrend. Losing the $1.96 support level could nullify the bullish scenario and trigger a price drop for Fetch.ai to $1.71. 👍 Share this analysis with others!
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