🚀 Ether prepares for future growth | Analysis

📅 Less than a month to go until the deadline for a decision on #EthereumETF

👉 $ETH is trading around $2880, down -9.5% for the week (vs. $BTC -12%)

Funding rates are neutral.

The fear and greed index reached 52 points 🛒

💡 According to the analysis of a trader verified by our service, the crossing of the channels in which #Ethereum is now moving indicates further growth. The forecast indicates continued growth after a breakout of $3305, but a fall to $2540 is expected in the event of a false breakout.

🚨 In the last update, the author noted the formation of an ascending wedge with a correction potential of $3096.

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🔥Grown tokens of the week | Growth

📌 During the fall, pay attention to assets falling less than BTC or even growing, they can be strong projects on the upcoming growth.
👉 Today, however, let's take a look at the highest growth figures for the week.

$BONK +70% - #memecoin⁠⁠⁠⁠ on the @Solana Official blockchain that wants to create the most popular community coin in the #Web3 👥

$PEPE +43% - A token aiming to send dogs back in time and make memes great again.

$TFUEL +35% - a service coin on the Theta network used to pay commissions.

In pursuit of FOMO stop and 👉 #DYOR

🤔 #HalvingBTC started a price dump | Status

📰 #Tesla says it did not sell #Bitcoin in Q1 2024.

📉 Over the last 15 days, the chart of $BTC has fallen 10%, as has the overall #crypto market capitalization.

👉 The asset is now trading around $63600.

After the fall, most long positions were liquidated.

In the futures market, 52% of positions are short.

🚨 Neutral financing rates are approaching negative rates.

💡 Our service's data indicates that 94% of tracked wallet transactions came from buying. Whales accumulate - hamsters sell. 😎

Detailed analytics 👉 traderstat.com/symbol/5353 

🤔 Do you expect more price drops?
You can share your opinion in the comments 👇

#TrendingTopic

💰 BTC will be offered to bank customers | Status

🤑 Morgan Stanley plans to give its clients access to spot $BTC ETF trading within the next 2 weeks (rumors).

🚨 US authorities have withdrawn 30,174 BTC formerly owned by #SilkRoad to #Coinbase for sale.

📈 Trading volume of spot #Bitcoin ETFs in March was 2.7x more than in February.

#Halving is 15 days away.

🔎 Search activity declined again, as did the fear and greed index

TVL of the ecosystem grew 61% in a week and ranked 7th according to Defilama data 📈

The funding rate is at neutral values 😌

💡 According to our service the number of transactions among wallets has slightly declined, while the ratio of buys to sales has remained unchanged. The average buy price is $69,969.22, it may mean that traders expect more decrease.

Detailed analytics 👉 traderstat.com/symbol/5353 
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#BlackRock

🤕 L3 networks are hurting Ethereum | News

📢 CEO of #Polygon Labs Marc Boiron said in social network X that #Layer3 networks are not needed to scale #Ethereum . The author explained that by popularizing #L3 networks based on a single #L2 Ethereum will lose value and safely become endangered.

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$ETH $MATIC

📉 Bitcoin's fall | Status

👉 Over the past 7 days, $BTC has declined 5.75%.
BTC is now trading around $65,600.

📌 #Halving will happen in 17 days.
⛏️ In March, miners broke revenue records while mining half as much as funds bought for #etf 💰
#Tether - the issuer of the #USDT stablecoin bought 8889 BTC for $626.7 mln.
Over the last 24 hours, $86 mln worth of outflows have occurred from BTC-ETF.

$470 mln (75% LONG) was liquidated in the last 24 hours 🤯

💡 Our service signals that traders continue to enter the position on the current decline, which is indicated by the increased number of transactions, while the share of purchases remains the same. While tourists are frightened by the decrease traders continue to buy.

Detailed analytics 👉 traderstat.com/symbol/5353 
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Ethena | +35% in stablecoin | Gem 💎

👉 Ethena is a project on #Ethereum backed by important funds and influencers. 

📌 #DeFi protocol aims to form a new algorithmic $USDe stablecoin that should solve 3 major problems of stablecoins:
1️⃣ Censorship resistance: Does not use the fiat banking system
2️⃣ Scalability: Doesn't require overcollateralization like $DAI
3️⃣ Stability: Uses a delta-neutral strategy for collateralization

⚙️ #Ethena will issue USDe by placing half of the collateral in $ETH staking instruments and the other half in short positions, which will ensure that the value of the collateral grows. This is what allows the project to pay generous dividends to token stakers. Only in 10% of cases this algorithm turned out to be unprofitable 😲

📈 Today, the Binance exchange has completed #Launchpool and listed the $ENA token for trading.

What did you do with your $ENA tokens?
Share in the poll 👇

✋ BTC is being held below $71500 | Status

👉 Right now, $BTC is trading around $70100.

Within 4 days #Bitcoin is in the range of $68500 to $71500 ➡️

👍 Outflows from #etf have been replaced by inflows that have continued for 4 days.
📉 #Supply continues to decline due to fund purchases for its ETFs.

🔎 The popularity of search queries has declined over the past week.

Fear & Greed Index: 82 (Greed) 🤑 
Bitcoin dominance: 53.66% 
Funding rates: 0.0292% 😐 
Liquidation: $140 mln (72% LONG)

💡 The number of deals among short-term traders decreased 2 times, but among these transactions the proportion of purchases increased. Such movement can continue before the onset of #Halving  

Detailed analytics 👉 traderstat.com/symbol/5353
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🤖 FET is forming an alliance | Analysis

💡 A trader we verified even before this news came out was expecting a rise after exiting the descending wedge. The current upside potential is +30%.

@Fetch.ai will create the Superintelligence Alliance, which will also include @SingularityNET and @Ocean Protocol 🤜🏻🤛🏻
🤖 The alliance is designed to compete with centralized monopolists in the #AI sphere.

The projects' tokens will be exchanged for #ASI 💱
$FET will be exchanged for ASI at a 1:1 ratio, and $AGIX and $OCEAN at their fixed rate.
💰 The total capitalization of the projects is $7.5 billion, so ASI could rank 20th among all crypto projects.

More details 👇
fetch.ai/blog/fetch-ai-singularity-net-and-ocean-protocol-unite-to-create-the-superintelligence-alliance

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🛠️ Crypto + offline = DePIN | Trend

👉 After the approval of the BTC ETF, investors have become friendlier to the adoption of blockchain technology in the real world, which is reflected in the growth of the #DePIN sector (+32% for week)

📌 DePIN is a decentralized physical infrastructure network that works by connecting the blockchain network and physical infrastructure owners through their financial incentives.

⚖️ Comparison with traditional business
+Cheaper
+Easier to scale
+Decentralization among infrastructure owners
-Complexity
-Regulatory risks

🔀 DePINs are categorized into physical resource networks (PRN) and digital resource networks (DRN)

🌍 PRN consist of location-dependent objects that are not interchangeable. Examples are $HNT hotspots or $HONEY cameras.

🖥️ DRN consist of interchangeable objects, typically servers or computing power. Examples are storage servers $FIL or rendering facilities $RNDR  

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#RWA

💰 Wallets are buying DASH | Status

🛡️ $DASH is an anonymous cryptocurrency that is still traded on top exchanges, unlike $XMR

The asset is up +26% in the last month 📈

💡 The wallets analyzed by our service have recently switched to buying mode.
Over the last week, 77% of transactions were purchases.
The more periods we look at, the lower the share of buying. This means that traders are just starting to take their position!

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🚀 YGG up 73% for the week | Analysis

🎮 Yield Guild Games is a #DAO network of game guilds bringing together #DeFi #NFT‬⁩ and #GameFi from different #metaverse on one platform. 
The purpose of the platform is to bring together play-to-earn game participants to increase their profits 📈

$YGG is used as a governance token, to pay for services on the platform, and also acts as a reward for staking and various social interactions between participants.

🔓 Tomorrow there will be a token unlocking of 3% of the current capitalization.

💡 A trader we verified, believes the token has +293% upside potential. GameFi was able to develop significantly during the bear cycle, so expect more quality projects this year, which will contribute to the growth of $YGG

In pursuit of FOMO stop and 👉 DYOR
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🚨 Bitcoin above $70,000 | Status

$BTC is up 7% in the last 24 hours 🔥

First weekly outflow from crypto in 2 months (-$942 mln)

🔎 The popularity of search queries has grown significantly.

⚙️ #Bitcoin ecosystem drops from 6th to 11th place

Fear & Greed Index: 80 (Greed) 🤑 
Bitcoin dominance: 53.68% 
Funding rates: 0.0309% 😐 
Liquidation: $219 mln (69% SHORT)

💡 94% of deals for today were for buying, and for the last 90 days only 75%. The analytics of our service indicate that most traders are still taking a position and the bull market is just beginning.

Detailed analytics 👉 traderstat.com/symbol/5353
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#TrendingTopic $YGG

🔥Grown tokens of the week | #Growth

📈 There are three interesting tokens that have outperformed the market in the last 7 days. 
What do we know about them? 🤔

$ONDO +51% is a #RWA sector protocol allowing investing in US Treasuries. Sector leader among #DeFi protocols 🔝
📌 Stable TVL since 2023. Only 14% in circulation so far, held almost entirely by holders.

$FTM +47% - the #L1 network, whose TVL grew 109% in a month, is priced well above its utilization and project development has slowed 🐢

$APT +26% - new L1 network with actively growing TVL (+85% for the month). Also has a rather high ratio of market capitalization to TVL of the network, but the network continues to grow 📈

In pursuit of FOMO stop and 👉 #DYOR

⚡Bitcoin rebounded | #Status

Overnight, $BTC rose by 5.7% 📉

#Bitcoin‬ is trading around $66,500

💰 #MicroStrategy bought 9,245 BTC ($623 mln)

On March 20, there was an outflow of $262 mln from #etf

🔎 Query popularity slightly above average

⚙️ Bitcoin ecosystem drops from 5th to 6th place

Fear & Greed Index: 82 (Greed) 🤑 
Bitcoin dominance: 53.41% 
Funding rates: 0.0200% 😌
Liquidation: $239 mln (64% SHORT)

💡 Traders actively bought out the drawdown, which is evidenced by wallet transactions. 87% of deals were for buying the asset.

Detailed analytics 👉 traderstat.com/symbol/5353
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#TrendingTopic

SEC is running a campaign against ETH | #News

⚠️ Amid the news $ETH was down 7% today

📌 #SEC has delayed a decision on the spot Ethereum-ETF until the end of May.
The new deadline for review on these applications is May 24 and May 30, 2024.
👉 Some companies are considering staking for their #etf which further complicates the application approval process.
Analysts estimate the probability of approval at 30% 👎

📌 #Ethereum Foundation has received an official request from a government agency.
😢 SEC has started a campaign to classify ETH as a security.
Problems may move to #DeFi sector as well as projects of former founders.
🤔 This may lead to liquidity spillover to networks like $AVAX and $ATOM

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📉 BTC will continue to correct | #Analysis

$BTC is trading around $63800

📌 #Halving will happen in 30 days

🚨 On March 19, there was an outflow of $326mln from #bitcoinETF according to Soso Value data

📊 #Bitcoin‬ funding rates have fallen to neutral

💡 Our verified trader believes that the price of the asset will grow inside the resistance zone, but afterwards will continue the correction to $58900

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😱 BTC has fallen to $64k | #Status

$BTC has fallen to $63,900 📉
🔥 The decline in #Bitcoin‬ triggered a huge number of liquidations of long positions.
The funding rate returned to neutral values 👍
💡 Recently, wallets have again started to actively recruit the asset.
Deals to sell only 12%, indicating the continuation of the bullish trend.

Detailed analytics 👉 traderstat.com/symbol/5353 
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SOL potential +85% | #Analysis

👉 $SOL reached #4 in market capitalization among all cryptocurrencies.
#Solana surpassed Ethereum in daily volume on DEXes 👍
🔥 The number of active addresses on the network is growing rapidly.
💡 A trader we verified sees a potential upside of +85%
📈 He believes that the asset is in a bullish trend, but the indicators indicate overbought, so he left warnings about a possible correction.

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#TrendingTopic #HotTrends

🛫 Solana ecosystem on takeoff | #Growth

🔎 #Solana reached the peak of search queries in 5 years

📈 SOL capitalization exceeded $90bln, surpassing BNB and ranking 4th among all cryptocurrencies. Ecosystem tokens also grew in the wake.

$JUP +95% decentralized derivatives project reached the 9th place among all ecosystem tokens ☝

$SOL +38% - the number of active addresses in the chain is actively growing due to the #Memecoins trend. 
In terms of daily volumes in DeFi protocols it surpassed Ethereum, and in terms of TVL it overtook BSC 👍
Pantera Capital is buying back tokens from FTX, easing selling pressure.

$WIF +34% up after the publication of the Mask of dogs in hats.
NFT featuring #dogwifhat was sold for $4.3mln 😱

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#HotTrends