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🪙 Crypto News (Apr 16, 2024): 1️⃣ TON: The blockchain team The Open Network (TON) has announced the launch of the Memelandia hub for meme-coin developers. The project is part of The Open League incentive program, designed to support new meme coins and attract attention to them. 🚀 2️⃣ Hans Zimmer: Renowned composer Hans Zimmer has announced a collaboration with the #Tron blockchain. The musician has composed a thematic piece for the project. 🎶 3️⃣ Drift: The total issuance of #DRIFT will be one billion coins, with 10% allocated by the project team for community rewards. 💰 4️⃣ Magic Square: The Magic Square project team has announced the upcoming listing of the #SQR token on the Bitpanda cryptocurrency exchange. According to developers, this move will attract European digital asset users to their product. 🌟 5️⃣ Kaiko: The South Korean won became the most traded #fiat currency among crypto investors in the first quarter of 2024. 💱 🚀 Help us learn your opinion! Subscribe to our channel and share your thoughts in the comments!

🪙 Crypto News (Apr 16, 2024):

1️⃣ TON: The blockchain team The Open Network (TON) has announced the launch of the Memelandia hub for meme-coin developers. The project is part of The Open League incentive program, designed to support new meme coins and attract attention to them. 🚀

2️⃣ Hans Zimmer: Renowned composer Hans Zimmer has announced a collaboration with the #Tron blockchain. The musician has composed a thematic piece for the project. 🎶

3️⃣ Drift: The total issuance of #DRIFT will be one billion coins, with 10% allocated by the project team for community rewards. 💰

4️⃣ Magic Square: The Magic Square project team has announced the upcoming listing of the #SQR token on the Bitpanda cryptocurrency exchange. According to developers, this move will attract European digital asset users to their product. 🌟

5️⃣ Kaiko: The South Korean won became the most traded #fiat currency among crypto investors in the first quarter of 2024. 💱

🚀 Help us learn your opinion! Subscribe to our channel and share your thoughts in the comments!

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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📈 Prediction (MATIC and XRP): 🖖 MATIC/USDT - According to data from the Santiment analytical platform, over the last three days, the supply of #MATIC on exchanges has decreased by 20 million tokens. Historically, similar occurrences have been followed by short-term price spikes. If history repeats itself, the altcoin may exit the consolidation phase. Forecast: The price of MATIC has been consolidating between $0.74 and $0.64 for several weeks now. Since mid-April, the token has repeatedly attempted to break above the upper boundary, acting as resistance. If the next attempt is successful, a consolidation above $0.81 will mark the beginning of a recovery rally. However, if the breakthrough fails, #Polygon will continue to trade within the specified range. Losing support at $0.64 could send the altcoin down to $0.60 and below, rendering bullish forecasts invalid. 😀 XRP/USDT - According to data from the Coinglass analytical platform, an increasing number of traders are opening short positions on XRP, hoping for a continuation of the asset's price decline. This is evident from the funding rate, which has once again turned negative. Forecast: At the time of writing, #XRP is trading around $0.51, preparing to break out of the existing symmetrical triangle pattern since early April. A symmetrical triangle is a technical analysis formation characterized by converging trendlines, indicating a period of consolidation before a potential breakout. Considering the aforementioned conditions, there is a likelihood that Ripple will break below the pattern's lower boundary and drop to $0.47. Losing this support could lead to a collapse to the $0.42 mark. On the other hand, confirmation of $0.51 as a support level would allow the altcoin to refute the bearish thesis. In this case, XRP could rise to $0.65. 👍 Share your insights with others!
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