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šŸŖ™ Crypto News (Apr 9, 2024): 1ļøāƒ£ Incrypted: On April 12, 2024, the third blockchain summit, Kryptosphere Blockchain Summit (KBS), will take place in Paris. The event aims to bring together participants of the French-speaking blockchain ecosystem for exchanging opinions. The event is organized by the student organization Kryptosphere, consisting of over 800 members from more than 22 educational institutions since 2017. šŸš€ 2ļøāƒ£ CoinShares: From April 1 to 5, 2024, the inflow of capital into crypto funds amounted to $646 million, which is $212 million less compared to the previous figure. Bitcoin-based funds remain leaders, with an inflow of $663 million, followed by Litecoin-based products with $4.4 million, and #Solana funds with $4 million. šŸ’° 3ļøāƒ£ Sergej Kunz: The DeFi project 1inch Network introduced a debit Web3 card, created in partnership with #Mastercard and Crypto Life. 1inch Card will enable online and offline purchases using cryptocurrencies, as well as cash withdrawals at Mastercard-supported ATMs worldwide. šŸ’³ 4ļøāƒ£ Oyster Labs: Oyster Labs developers presented a #Web3 smartphone based on The Open Network (TON) blockchain at a festival in Hong Kong on April 8. šŸ“± 5ļøāƒ£ Tensor Foundation: On April 8, 2024, the Tensor Foundation, overseeing the operation of the eponymous NFT marketplace, announced the launch of the #TNSR governance token. Additionally, the project team conducted an airdrop, with a volume of 12.5% of the total emission. šŸŽØ šŸ” What are your thoughts on the latest news from the world of cryptocurrencies and blockchain?

šŸŖ™ Crypto News (Apr 9, 2024):

1ļøāƒ£ Incrypted: On April 12, 2024, the third blockchain summit, Kryptosphere Blockchain Summit (KBS), will take place in Paris. The event aims to bring together participants of the French-speaking blockchain ecosystem for exchanging opinions. The event is organized by the student organization Kryptosphere, consisting of over 800 members from more than 22 educational institutions since 2017. šŸš€

2ļøāƒ£ CoinShares: From April 1 to 5, 2024, the inflow of capital into crypto funds amounted to $646 million, which is $212 million less compared to the previous figure. Bitcoin-based funds remain leaders, with an inflow of $663 million, followed by Litecoin-based products with $4.4 million, and #Solana funds with $4 million. šŸ’°

3ļøāƒ£ Sergej Kunz: The DeFi project 1inch Network introduced a debit Web3 card, created in partnership with #Mastercard and Crypto Life. 1inch Card will enable online and offline purchases using cryptocurrencies, as well as cash withdrawals at Mastercard-supported ATMs worldwide. šŸ’³

4ļøāƒ£ Oyster Labs: Oyster Labs developers presented a #Web3 smartphone based on The Open Network (TON) blockchain at a festival in Hong Kong on April 8. šŸ“±

5ļøāƒ£ Tensor Foundation: On April 8, 2024, the Tensor Foundation, overseeing the operation of the eponymous NFT marketplace, announced the launch of the #TNSR governance token. Additionally, the project team conducted an airdrop, with a volume of 12.5% of the total emission. šŸŽØ

šŸ” What are your thoughts on the latest news from the world of cryptocurrencies and blockchain?

Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
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šŸ“ˆ Prediction (RNDR and AVAX): šŸ–– RNDR/USDT - Render's recent correction proved to be insignificant in the broader market: according to data from the Santiment analytics platform, the altcoin's price and daily active addresses are increasing, creating favorable conditions for further rally. Forecast: At the time of writing, Render is trading at $10.8. The altcoin is close to confirming the formation of a double bottom: once it surpasses the $11.2 resistance, the pattern will be completed. If bullish sentiment persists, the asset's price may continue to rally towards $11.5 and beyond. However, potential selling pressure could nullify the momentum. In such a case, the altcoin's price could drop to $9.2, making #RNDR vulnerable to further correction. šŸ¤« AVAX/USDT - The price of #Avalanche has been holding below the $40 mark for almost a month. Overcoming this level is crucial for the altcoin to rise to $45. However, the chances of this happening in the coming days are slim: the DAA indicator is currently signaling sell, indicating potential divergences between market valuation and network activity. Forecast: At the time of writing, Avalanche is trading at $37, attempting to close above $40. Confirmation of this level as support typically leads the altcoin to break through to $45. However, considering the aforementioned bearish signals, a price correction for #AVAX towards $32 followed by sideways movement appears much more realistic. If the $40 resistance is breached, Avalanche may attempt to break through to $45. Such a scenario would negate the bearish thesis and initiate the asset's recovery. šŸŒŸ Please share this review with others.
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šŸŖ™ Crypto News (May 8, 2024): 1ļøāƒ£ CoinDesk: Revolut, the neobank with a global client base exceeding 40 million, has unveiled #Revolut X, a cryptocurrency exchange tailored for seasoned traders. šŸ“ˆ 2ļøāƒ£ Starknet: The #Starknet Foundation has launched a grant program, earmarking $5 million for distribution. The primary objective is to offer financial backing, up to $25,000 in USDC, to 200 crypto project teams, accelerating the expansion of the Starknet ecosystem. šŸ’° 3ļøāƒ£ Lookonchain: An anonymous trader netted over $1.26 million trading the meme coin HAMMY, amplifying their investment by 144-fold. Initially investing 60 SOL ($8673 at the time) at $0.00035 per unit, the asset surged to $0.007 within a month, marking a more than 20-fold increase. However, profits were left unrealized. By May 4, 2024, the trader sold 12.8 million #HAMMY for 2711 SOL ($401,000 at the time), fetching $0.0313 per unit. Presently holding 12 million HAMMY valued at approximately $858,000, the trader's overall profit exceeds $1.26 million. šŸ’ø 4ļøāƒ£ Forbes: Bancolombia, Colombia's leading bank, has introduced Wenia, a cryptocurrency exchange, alongside COPW, a stablecoin pegged to the peso. The trading platform will support Bitcoin, Ethereum, Polygon, and USDC. Access will be restricted to Colombian citizens residing within the country, with developers eyeing 60,000 users within the platform's inaugural year, poised to rival #Binance and Bitso. COPW, the stablecoin, aims to streamline trader onboarding. šŸ¦ 5ļøāƒ£ LocalMonero: After nearly seven years in operation, the team behind the P2P exchange #LocalMonero has opted to shutter its platform. šŸšŖ šŸ‘ Eager for more cryptocurrency updates? Subscribe now or drop a like if you found this intriguing!
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šŸ“ˆ Prediction (XRP and MATIC): šŸ³ XRP/USDT - After several weeks of inactivity, whales seem to be interested in Ripple again. According to data from the analytical platform Santiment, over the past 7 days, addresses with balances from 1 million to 10 million #XRP have acquired over 90 million tokens worth about $48 million, bringing the total supply to 3.7 billion coins. The actions of large investors typically have a significant impact on the asset's price dynamics, so the increased interest in #Ripple can be interpreted as a bullish signal. Forecast: The price of XRP bounced off the $0.51 support. This level also serves as a breakout point from the symmetrical triangle in which the asset has been consolidating for almost three weeks. This bullish pattern suggests a potential rally to the $0.65 mark. However, for this altcoin to succeed, it will need to overcome resistance at $0.57 and $0.62 levels and confirm them as support. In the event that the bounce from $0.51 proves to be false, the price of Ripple may fall to $0.47. Losing this support will invalidate the bullish forecast and send the asset towards $0.42. šŸš€ MATIC/USDT - The price of #MATIC has failed for the fourth time in the last three weeks to break the resistance at $0.74. Most likely, the altcoin may initiate another decline, especially given the strong resistance mentioned above. This could lead to MATIC's consolidation in the coming days and a price drop to the support level of $0.64. However, if the bearish sentiment intensifies, #Polygon may break this support and reach a low of $0.60. On the other hand, if the tide turns bullish, the price of MATIC may break out of consolidation and attempt to turn the $0.80 level into support. This would also make the 1.05 billion MATIC offering profitable. As a result, the bearish scenario will be refuted, and the price may continue to rise. šŸ‘ Please, share.
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šŸ“ˆ Prediction (SOL and ADA): šŸ˜€ SOL/USDT - Over the past few days, #Solana has once again gained the support of institutional investors, which was lost earlier this year. According to a recent CoinShares report, the inflow of funds into SOL-based investment products for the week exceeded $4 million. For comparison, the total inflow since the beginning of 2024 has been only $10 million. Forecast: At the time of writing, the altcoin is trading at $155, which coincides with the neckline of the "double bottom" pattern. Typically, the formation of this pattern on the chart indicates a potential transition from a downtrend to an uptrend. Based on the figure, the likely target for #SOL is at $187. However, if the breakout fails, Solana may test support at $138. Its loss would lead to a decline to $126, nullifying the bullish scenario. šŸ“Š ADA/USDT - On-chain metric MVRV evaluates the ratio of an asset's market value to its realized value, providing insight into investor profit or loss. The 30-day MVRV for #Cardano stands at -10.24%, indicating losses and potentially encouraging accumulation. Historically, #ADA recovery occurs within the MVRV range of -7% to -17%, which is considered a favorable accumulation zone. Forecast: Following a rebound from support at $0.428, Cardano's price was slightly below resistance at $0.468 at the time of writing. To sustain the rally, the barrier at $0.518 must turn into support. This will help the price break out of a three-week consolidation and continue to rise to $0.600, implying a 25% rally. On the other hand, if the breakout fails, the price is likely to continue consolidating. However, if support at $0.420 is lost, the bullish scenario would prove unsustainable, potentially causing ADA to fall to $0.400. šŸ’Ŗ Share this overview with others!
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