RWA, short for Real World Assets Tokenization, streamlines asset ownership, investment, and transfer through tokenization and integration into business operations. Anticipated trends suggest increased capital inflows into the RWA sector, with major players entering, fueling significant growth. Forecasts project RWAs to surpass a $9 trillion capitalization by 2030.
$BTC Bitcoin has broken through a significant support zone, indicating a potential downturn. Previous analysis suggested a target range for Bitcoin between 62k to 55k. The current pattern, a rising wedge, typically leads to substantial Bitcoin declines. Despite recent increases from 42k to 74k over two months, there haven't been significant corrections. Greed has hit an all-time high, reaching 90, alongside record-high open interest and funding rates. Altcoins have surged without retesting, and Bitcoin reached an all-time high prior to halving. The market required this reset, with the major support at 65,000 now breached. Key support levels to watch are 62k, 60k, 58k, 55k, and 52k. There's a higher likelihood of Bitcoin revisiting the 58k to 55k zone before any upward movement. Ethereum is also expected to test support levels between 3200 and 3000. Additionally, the Alpha Community is expanding, sharing a top 40 list for the upcoming bull run.
The launch of Crescendo Previewnet by Flow, introducing support for a peer-to-peer Ethereum Virtual Machine (EVM) environment, is a significant development. With EVM support, developers can now leverage existing applications and tools from the Ethereum blockchain to build on Flow. This could lead to increased adoption of Flow by developers familiar with Ethereum's ecosystem, potentially accelerating product development on the Flow platform. The easier integration with the Ethereum ecosystem may attract more investors and could pave the way for a substantial increase in the price of the FLOW token, possibly even reaching a 10x growth potential.
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Flow Launches Crescendo Previewnet With EVM Support
According to Foresight News, Flow has launched Crescendo Previewnet, introducing support for a peer-to-peer Ethereum Virtual Machine (EVM) environment, enabling developers to build on Flow using EVM.
Although Cadence provides some convenience for developers, it cannot take advantage of existing applications and tools on the Ethereum blockchain. Without EVM support, each multi-chain platform and product would need to be custom-integrated with Flow, resulting in reduced product and development speeds.
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