👀 What's Happening in the Market? At the end of the workin

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⚠️ 𝗥𝗶𝗽𝗽𝗹𝗲’𝘀 𝗫𝗥𝗣 𝗙𝗮𝗰𝗲𝘀 𝗥𝗶𝘀𝗸 𝗼𝗳 𝗦𝘁𝗲𝗲𝗽𝗲𝗿 𝗣𝗿𝗶𝗰𝗲 𝗖𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝗼𝗻 Ripple (XRP) price recovery rally largely depends on the broader crypto market and the investors’ behavior. However, neither party favors a price rise, which could cause considerable damage to XRP holders. 🔺 𝗥𝗶𝗽𝗽𝗹𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗧𝗮𝗸𝗲 𝗮 𝗦𝘁𝗲𝗽 𝗕𝗮𝗰𝗸 XRP price attempts to move upward, but by the looks of it, this effort will be thwarted. This is because Ripple is noting bearishness at the hands of its investors, particularly traders. Bearish bets against XRP have increased in the futures market, which is evident from the funding rate. The funding rate in cryptocurrency futures trading is the fee paid or received by traders holding leveraged positions overnight. Market conditions determine it and serve to balance the market between long and short positions. Generally, positive funding rates suggest the dominance of long contracts, whereas negative rates hint at short contracts’ taking the preference. 🔺 𝗫𝗥𝗣 𝗶𝘀 𝘄𝗶𝘁𝗻𝗲𝘀𝘀𝗶𝗻𝗴 𝗻𝗲𝗴𝗮𝘁𝗶𝘃𝗲 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀, 𝘄𝗵𝗶𝗰𝗵 𝘀𝘂𝗴𝗴𝗲𝘀𝘁𝘀 𝘁𝗿𝗮𝗱𝗲𝗿𝘀 𝗮𝗿𝗲 𝗯𝗲𝘁𝘁𝗶𝗻𝗴 𝗼𝗻 𝗮 𝗽𝗿𝗶𝗰𝗲 𝗱𝗲𝗰𝗹𝗶𝗻𝗲. At the same time, the broader market is also exhibiting bearishness, as can be seen in the Relative Strength Index (RSI). The RSI is a momentum oscillator that measures the speed and change of price movement. It is used to identify overbought or oversold conditions in an asset. Given that XRP is struggling to secure the neutral line at 50 as support, a bearish outcome seems rather likely. $XRP #XRP

📊 Ethereum’s Price Trends Towards Recovery Ethereum (ETH), the prominent cryptocurrency, exhibited encouraging signs of recovery recently, climbing over 9% and targeting the $2,871 resistance level. This rebound is significant as it positions the price near the 100-day Simple Moving Average (SMA), a key indicator in both the four-hour and daily charts. Investors are closely monitoring these developments, which suggest a potential positive shift in market dynamics. 🔺 Indicators Pointing to Positive Movements? The technical analysis of Ethereum’s price movement reveals that despite trading below the critical indicators like the 100-day SMA and the trend line, there’s an upward momentum. The Relative Strength Index (RSI), a tool used to gauge market sentiment and potential price movements, remains above 50, indicating a possible continuation of the recent price increase. Furthermore, the Moving Average Convergence Divergence (MACD) also supports this optimistic outlook, with both the MACD and signal lines trending towards the neutral zone from above the zero line. 🔺 Key Resistance and Support Levels Ethereum is currently testing important price thresholds. Resistance levels at $3,250 and $3,355 and a notable support level at $2,819 mark the boundaries of its recent price range. A breakthrough above $3,250 could propel ETH towards the higher resistance at $3,355. Conversely, failure to overcome current resistances could see the cryptocurrency sliding towards the $2,819 support level, with potential for further declines if this floor is breached. 🔺 Strategic Insights for Investors If ETH maintains a steady position above the 50 RSI mark, expect a sustained recovery.Monitoring the $2,819 support level is crucial as breaking below it could lead to significant sell-offs.Investors should watch for a stable crossover in the MACD above the zero line as a bullish indicator. As the crypto market remains volatile, Ethereum appears to be carving a path towards recovery, marked by recent gains and positive technical indicators. $ETH #eth‬ #Ethereum

🤝 Hedera shakes up finance: Shinhan Bank launches KRW on the blockchain for seamless transactions 🔺 Shinhan Bank Completes Pilot Phase As previously reported by Crypto News Flash, this pilot phase is a continuation of Shinhan Bank’s Proof-of-Concept (PoC), which began in 2021 when it partnered with Standard Bank, Africa’s largest bank on stablecoin international remittances. The PoC is compatible with Ethereum Virtual Machine (EVM), which means that any EVM-based stablecoin issuers can use the framework. Issuers benefit from the high scalability of Hedera Token Service at 10,000 TPS and EVM’s increased programmability, which unlocks unmatched stablecoin flexibility and power. In a test environment that matches current production capabilities, the pilot accomplished real-time settlement and real-time foreign exchange (FX) rate integration for KRW, Thai Baht (THB), and New Taiwan dollar (NTD). Throughout this pilot, Shinhan Bank collaborated with multiple corporations including SCB TechX, a digital technology-focused subsidiary of the SCBX Group. 🔺 Hedera’s Focus on Asia Market Asia has become a key focus area for The HBAR Foundation. The symbiotic relationship between businesses and consumers in Asia may be the reason why Web3 adoption is interdisciplinary, with Non-Fungible Tokens (NFTs) and gaming standing out. In addition to this, there is clear institutional interest and participation. Shinhan Bank is one of many financial institutions exploring RWA solutions on Hedera in Asia. Hedera network has formed partnerships with Nomura Bank and DBS Bank. Meanwhile, HBAR, the native digital asset of Hedera recently saw its price spike and subsequent plummet due to a misunderstanding involving BlackRock, as highlighted in a Crypto News Flash YouTube video. The excitement began when blockchain startups Archax and Ownera tokenized shares of BlackRock’s ICS US Treasury Money Market Fund on the Hedera platform. However, BlackRock quickly refuted the news, stating that it had no direct role in the tokenization process. $HBAR #HBAR #HEDERA

💡 New purchase on the spot Friends, hello everyone. I decided to give a deal on meme coin a little later. Because I propose today to consider another interesting token to the portfolio. Let's consider the project Celestia (TIA). (not an advertisement). 🪙 Celestia is an L1 blockchain on the Cosmos SDK, which is solely focused on organizing transactions and providing data about them. But that's information we're not particularly interested in. Just know that this is one of the top projects that is very likely to show growth in a bull market. 📋 Plus, the market is doing well after the release of the unemployment data. Not only are the number of jobs not growing, but the rate of wage growth is decreasing. In the near future, I expect a flat on BTC and a decrease in the dominance. Therefore, now we see a number of factors in the direction of finding local long trades. One of them is TIA. $TIA #TIA #celestia

♦️ Tesla Starts Accepting Dogecoin as Payment Method at Tesla Shops Elon Musk’s electric car company, Tesla, has recently announced that it will now be accepting Dogecoin as a payment method at Tesla Shops. According to information found on a Dogecoin support page on the Tesla website, customers can now use Dogecoin to purchase eligible Tesla products by looking for the Dogecoin symbol next to the “order” page of Dogecoin-eligible items. This update was made as recently as May 4, according to the Wayback Machine. Customers wishing to make purchases using Dogecoin must do so through a Dogecoin wallet. All eligible Tesla products will have prices clearly listed in Dogecoin, including any applicable taxes, as stated in a frequently asked questions (FAQ) section. However, there are certain terms to be aware of when making payments with Dogecoin. These terms include restrictions on using payments from multiple wallets for a single order, no cancellations once an order is placed, and no returns for items purchased with Dogecoin. Additionally, it’s important to note that Tesla exclusively accepts Dogecoin as a form of payment and cannot process any other digital assets. This decision follows Musk’s previous remarks about Dogecoin during an event at the Tesla Gigafactory in Germany back in March. When questioned about the possibility of Tesla accepting Dogecoin for car purchases, Musk expressed his support, suggesting that it could happen “at some point.” Additionally, it’s important to note that Tesla exclusively accepts Dogecoin as a form of payment and cannot process any other digital assets. This decision follows Musk’s previous remarks about Dogecoin during an event at the Tesla Gigafactory in Germany back in March. When questioned about the possibility of Tesla accepting Dogecoin for car purchases, Musk expressed his support, suggesting that it could happen “at some point.” 📈 DOGE Price Surges 20% in 24 Hours Amid Increased Trading Activity $DOGE #DOGE #elonMusk #Tesla

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