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🪙 Crypto and Blockchain News (November 7, 2023): 1️⃣ X: On November 6, 2023, a post with an announcement appeared on the microblog of Changpeng Zhao, the creator of the largest cryptocurrency exchange, Binance. A video with the platform's logo reveals that the company will announce something important in the near future. 📣 What could it be? 2️⃣ X: Ava Labs, the company behind the development of the #avalanche blockchain, has reduced its workforce by 12%. This decision is aimed at "reallocating resources" to "double ecosystem growth." 📈 The team is striving for greater heights, aren't they? 3️⃣ Telegram: Telegram's CEO, Pavel Durov, will be giving away 10,000 six-month subscriptions to premium accounts, purchased with the cryptocurrency #toncoin (TON), among the messaging app's users. To participate, one must be subscribed to Durov's channel. The winners will be randomly selected on November 13, and each will receive a six-month subscription to Telegram Premium. 🍀 Good luck! 4️⃣ The Block: The #sec is having difficulty hiring crypto experts because suitable candidates are unwilling to sell their digital assets. 💼 This indicates that cryptocurrencies have the potential to be valuable assets that people are not willing to part with. 5️⃣ CoinDesk: Kraken is in talks with Polygon, Matter Labs, and Nil Foundation for a potential partnership aimed at launching a second-layer solution similar to Coinbase. 🚀 This could lead to improved network scalability and increased usability! Stay up to date with the latest and most important news from the cryptocurrency world! 😊💫

🪙 Crypto and Blockchain News (November 7, 2023):

1️⃣ X: On November 6, 2023, a post with an announcement appeared on the microblog of Changpeng Zhao, the creator of the largest cryptocurrency exchange, Binance. A video with the platform's logo reveals that the company will announce something important in the near future. 📣 What could it be?

2️⃣ X: Ava Labs, the company behind the development of the #avalanche blockchain, has reduced its workforce by 12%. This decision is aimed at "reallocating resources" to "double ecosystem growth." 📈 The team is striving for greater heights, aren't they?

3️⃣ Telegram: Telegram's CEO, Pavel Durov, will be giving away 10,000 six-month subscriptions to premium accounts, purchased with the cryptocurrency #toncoin (TON), among the messaging app's users. To participate, one must be subscribed to Durov's channel. The winners will be randomly selected on November 13, and each will receive a six-month subscription to Telegram Premium. 🍀 Good luck!

4️⃣ The Block: The #sec is having difficulty hiring crypto experts because suitable candidates are unwilling to sell their digital assets. 💼 This indicates that cryptocurrencies have the potential to be valuable assets that people are not willing to part with.

5️⃣ CoinDesk: Kraken is in talks with Polygon, Matter Labs, and Nil Foundation for a potential partnership aimed at launching a second-layer solution similar to Coinbase. 🚀 This could lead to improved network scalability and increased usability!

Stay up to date with the latest and most important news from the cryptocurrency world! 😊💫

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📈 Prediction (BTC and ETH): 💪 BTC/USDT - The on-chain balance metric for exchanges tracks the inflow of #BTC into exchange wallets and the outflow from them. In recent months, investors have been focused solely on accumulation. This is evident from the constant decrease in the volume of coins offered on exchanges. This trend continued over the weekend, as investors bought 9,000 BTC worth nearly $600 million. One of the key factors contributing to accumulation was the halving event that occurred over the weekend. Traditionally, the reduction in supply is expected to push the price upwards, and such expectations led to BTC wallet replenishment. Forecast: At the time of writing, the price of #Bitcoin is around $66,000. Current investor optimism may drive BTC upwards, but to reclaim above the key level of $70,000, the price must first turn the $66,900 level into support. This will eventually allow the asset to break through the resistance level of $68,500 and reach $70,000. On the other hand, investors may start selling. This possibility is indicated by the price divergence indicator and the daily active addresses (DAA). Divergence occurs when the cryptocurrency price and its DAA move in opposite directions, indicating a potential mismatch between market valuation and network usage. When the price rises and the number of active addresses decreases, the indicator signals a sell-off. BTC may come under pressure if investors start selling to lock in profits. This will cause the price of Bitcoin to lose support at $63,724 and drop to $61,000. In this case, the bullish scenario will prove to be unsustainable. 📊 ETH/USDT - Forecast: #Ethereum is gradually approaching the $3,376 level, which coincides with the 50% Fibonacci retracement from $4,575 to $2,743. If the asset manages to break above it, it can continue the rally and rise to the next important resistance at $3,582. However, a failed attempt to break through will lead #ETH to fall to $3,093. Losing this support will nullify bullish forecasts, sending the altcoin below $3,000. 👍 Could you share?
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