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Together with Warner Music Group, #Polygon Labs has announced the beginning of a new music and #Web3 program. The initiative seeks to encourage a new wave of innovation and provide assistance to developers who want to make #dApps for music.

Together with Warner Music Group, #Polygon Labs has announced the beginning of a new music and #Web3 program.

The initiative seeks to encourage a new wave of innovation and provide assistance to developers who want to make #dApps for music.

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Recent on-chain data reveals a notable decline in #Bitcoin exchange inflows, reaching levels unseen in nearly a decade, according to CryptoQuant author Axel Adler Jr. Exchange inflows, representing the total amount of Bitcoin deposited into centralized exchange wallets, have been steadily decreasing. High exchange inflows typically indicate selling intentions, potentially signaling a bearish sentiment for the asset. Conversely, low exchange inflows suggest reduced selling activity, which can be interpreted as a bullish or neutral indicator for Bitcoin's price. The decline in exchange inflows could indicate a decreased appetite for selling Bitcoin, potentially contributing to a bullish effect on its price due to supply-demand dynamics. However, the long-term trend of declining exchange inflows may also reflect the evolving role of exchanges in the market. During the 2017 cycle, exchanges played a significant role in receiving substantial deposits, whereas in the 2021 cycle, alternative investment avenues for Bitcoin emerged, possibly leading to a drop-off in exchange deposits. The emergence of spot exchange-traded funds (#ETFs. ), gaining regulatory approval and witnessing significant demand, further highlights the changing landscape of Bitcoin investments. With the rise of ETFs, #cryptocurrency exchanges may have lost some relevance, contributing to the expectation of even fewer deposits in the current cycle compared to previous epochs. #CryptoWatchMay2024 #buythedip
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The potential collaboration between Cardano and Bitcoin Cash ($BCH ) signals an intriguing possibility for both networks. Charles Hoskinson's proposal to integrate #BCH as a "partnerchain" with #Cardano could offer significant enhancements to Bitcoin Cash's functionality, potentially making it even more competitive in the cryptocurrency space. While Hoskinson's vision has garnered considerable support from the community and industry experts, such as Ben Scherrey, there are still questions surrounding the practical implementation of this partnership, particularly concerning their differing consensus mechanisms. In addition to exploring potential collaborations, Cardano is also gearing up for two significant upgrades: the Chang hard fork and the introduction of the Ouroboros Leios protocol. These upgrades aim to enhance Cardano's decentralized governance and scalability, addressing key challenges in the blockchain ecosystem. Overall, the discussions surrounding Cardano's integration with #BitcoinCash and its upcoming upgrades highlight the network's commitment to innovation and its potential to shape the future of decentralized finance. #CryptoWatchMay2024 #buythedip
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#Dogecoin 's recent surge is fueled by established support above $0.1, ensuring resilience during market downturns. Analysts, like Behdark, view Dogecoin's prolonged correction as a precursor to a #bullish rally, echoing historical trends. This rally, traced back to October 2023, has seen fluctuations but maintains an upward trajectory. Behdark sets a validation threshold at $0.08 and anticipates a bullish D wave, targeting $0.28 initially and potentially soaring over 100% to $0.38 in the G wave. Dogecoin's current price, above $0.16, marks an 18.6% increase, reflecting ongoing momentum. $DOGE #altcoins #CryptoWatchMay2024
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Lucie's call to closely monitor $SHIB and $BTC reflects the recent resurgence in their prices, signaling a potential rebound after a period of volatility. #SHIB has shown notable gains, while Bitcoin's recovery is particularly significant as it often sets the tone for the broader cryptocurrency market. Lucie's emphasis on observing market dynamics goes beyond just tracking price numbers; it highlights the importance of understanding investor sentiment and being prepared to act accordingly. As BTC's movement influences trading activity across the ecosystem, being vigilant about both #BTC and SHIB could provide valuable insights for investors and enthusiasts alike. #CryptoWatchMay2024 #buythedip #cryptoniteuae
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Today's trending top performers - #DYOR!! 1.Tellor $TRB 2.Friendtech $FRIEND 3.Velo $VELO 4.Render $RNDR 5.Kaspa $KAS 6.Aleph Zero $AZERO 7.PepeFork $PORK 8.Fetch $FET 9.Ethena $ENA 10.Sui $SUI #Ethena! #sui #tellor #cryptoniteuae
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