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Elon Musk's Latest Tweet May Help #XRP , #DOGE and #MATIC Investors! Elon Musk, one of the billionaire names of the technology industry and also the owner of Twitter, continues to send tweets that will indirectly affect the crypto money industry. While Musk was previously known for tweeting directly in favor of #Dogecoin (DOGE), he seems to have given up on this, especially due to the increasing pressure recently. #CryptoDeNostradame

Elon Musk's Latest Tweet May Help #XRP , #DOGE and #MATIC Investors!

Elon Musk, one of the billionaire names of the technology industry and also the owner of Twitter, continues to send tweets that will indirectly affect the crypto money industry. While Musk was previously known for tweeting directly in favor of #Dogecoin (DOGE), he seems to have given up on this, especially due to the increasing pressure recently.

#CryptoDeNostradame

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📢 Breaking News 🔸️On May 9, an outflow of $11.2 million was recorded in spot Bitcoin ETFs. 🔸️Grayscale saw an outflow of $43.5 million, while BlackRock reported an inflow of $14.1 million. 🔸️Cryptocurrency market overview | 10 May 🟢 Market cap: $2.45 trillion (+2.69%) 🟢 BTC dominance: 50.80% (+0.27%) ⚡️ Fear and Greed Index: 66 (greed)
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Vitalik Buterin Made His Move for Ethereum! Everything Can Change! In his latest article published on his personal blog, Buterin introduced the concept of 'Multidimensional Gas Pricing', which aims to transform the management of network resources as an improvement proposal to solve the fundamental problems facing the Ethereum network. In his latest improvement proposal, Buterin believes that by pricing different resources separately, the efficiency and scalability of the Ethereum network can be increased and the groundwork can be prepared for a stronger and more sustainable network infrastructure. Currently, Ethereum offers a simplified approach to resource pricing by combining all resources into a single gas size, but Buterin emphasized that this needs to be changed, noting the inefficiencies inherent in this method that lead to significant efficiency losses. To solve this problem, Ethereum's co-founder introduced EIP-4844, a groundbreaking improvement proposal that will bring multidimensional gas pricing to the network for the first time. This improvement proposal calls for the addition of a new blob data space to the #Ethereum network, which reduces aggregation costs and increases transaction throughput. Buterin also pointed out the problems caused by increasing the size of the data space and suggested introducing separate gas sizes for operations that increase the size. However, he acknowledged the complexities surrounding gas fee limits on subcalls, emphasizing the need for careful implementation of multi-dimensional pricing. Buterin added that despite the potential advantages of multidimensional gas application, its implementation brings with it various complexities and problems. He underlined the importance of striking a nuanced balance between scalability gains and protocol economics. While Ethereum's co-founder acknowledged the possibility of more elegant solutions in the future, he added that improvement proposals need further research and refinement.
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📢 Breaking News 🔸️Mastercard, JPMorgan, Visa, Wells Fargo and leading US banks have begun testing common ledger technology for tokenized asset payments. 🔸️#Binance , yeni Launchpool projesi olarak Notcoin $NOT eklediğini duyurdu. 🔸️#Tether ve #Bitnob , Ganalı üniversite öğrencilerine Bitcoin ve stablecoinler hakkında eğitim vermek için iş birliği yapacak. 🔸️🇯🇵Chiliz (#CHZ ) announced its partnership with SBI Digital Asset Holdings. 🔸️🇺🇸Donald Trump announced that he is accepting presidential campaign donations in cryptocurrency. “If we are going to support the crypto space, we have to make sure they stay in the US first.” $BTC $CHZ
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Today in cryptocurrencies: Which developments attracted attention? Binance responded to #DWF Labs' allegations of market manipulation. Allegations of market manipulation by DWF Labs have come to the fore again. In light of a news article published in The Wall Street Journal, an unidentified source claiming to be a former Binance employee claimed that Binance investigators found $300 million worth of wash trading from DWF throughout 2023. Binance denied these claims. Speaking to Cointelegraph, a Binance spokesperson said: “Binance unequivocally denies allegations that its market surveillance program allows market manipulation on our platform. We have a robust market surveillance framework that detects and acts against market abuse. Users who violate our terms of use will be removed from the platform; “We do not tolerate market abuse.” According to a WSJ report, DWF Labs manipulated the Yield Guild Game (YGG) and the prices of at least six cryptocurrencies in 2023. But Binance said its surveillance program makes this impossible. Former United States President Donald Trump hosted a group of non-fungible token (NFT) enthusiasts at his home in Florida on Wednesday. Making statements about the crypto industry, the politician said: “Gensler is very against it. "The Democrats are very much against it, but that's fine with me, I want to make sure it's good and solid and everything else." Trump also noted that Mugshot NFTs and other collectibles have made NFTs “trending again” at a time when the #NFT market is seemingly losing steam. Trump also talked about his rival Joe Biden's memecoin called BODEN. The US presidential candidate is not a big fan of BODEN, which has a market value of over $260 million. $BTC $ETH $BNB
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Resistance Level in Dogecoin (DOGE): Transaction Volume is Dropping! A recent analysis report stated that the majority of #Dogecoin holders are still in profit. The pullback in recent weeks has been deep, undoing all the gains made in the second half of March. However, the selling pressure of these holders is not as heavy as feared. The cryptocurrency has been negative since April when its price dropped below $0.2, turning the level into resistance. There were increases in social dominance, but social volume did not change much. In this case, it does not indicate bullishness, but it does show that Dogecoin's words on social media are at least consistent. Looking at on-chain metrics, we see that daily active addresses are down significantly from February highs. It has been consistently low for the last six weeks. This was a sign that the addresses were not included in the transactions, indicating that demand was decreasing. Trading volume was relatively consistent in the first half of April. Since then, there has been a dramatic decline towards the end of the month. It has shown some recovery over the last ten days, which was encouraging but not bullish for the token. Dormant circulation saw a huge increase on April 26. It was stated that a large amount of tokens were transferred, probably for sale. The metric has remained silent since the stated time, signaling that selling pressure has diminished. The delta for total liquidation levels was highly negative. This showed that short liquidations significantly outweighed long liquidations. In turn, we can expect prices to rise further to eliminate the mentioned liquidations. This could come after the nearest pockets of liquidity at $0.147 and $0.144 are removed. For the stated reason, this might want to see a move towards the $0.144 liquidity cluster followed by a short-term rise towards $0.155-$0.16. $BTC $ETH $BNB
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