FYI: 🟠 Over a 4 year window, Bitcoin has never had negative fiat returns. Bitcoin’s money you can save for the future. 💪

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🔥 Analytics Company Announces Solana (SOL) Price Prediction for the End of May Solana (SOL) has been at the forefront of the recent cryptocurrency market recovery, outperforming most major digital assets and is predicted to hit new cycle highs soon, according to one analyst. On Friday, SOL reached $170, its highest price in more than a month, before pulling back slightly to $166. It has gained nearly 7% in the past 24 hours and is up over 40% from the crypto market's local lows in early May, when Bitcoin (BTC) dropped to $56,000. 💬 Daniel Choung, co-founder of digital asset hedge fund Syncracy Capital, praised SOL's resilience in a recent post. “The strength of SOL has been incredible in this bounce,” he said. “It's clear that this is still the best trade of this cycle.” Choung expressed increased confidence that SOL could regain the $200 level by the end of the month and push new record levels soon. SOL reached an all-time high of $260 in November 2021 at the peak of the previous bull cycle. Solana is currently benefiting from several catalysts, including active memecoin trading, strong stablecoin volumes, and decentralized finance (DeFi) activity. Choung noted that upcoming network upgrades lay the groundwork for the highly anticipated Firedancer, a secondary chain client developed by Jump Crypto that aims to improve the performance of the network. $SOL #SOL #Solana

🔄 Worldcoin Launches Ethereum Layer 2 "World Chain" to Enhance User Experience Worldcoin, led by Sam Altman's Tools for Humanity, has announced the launch of its own Ethereum Layer 2 blockchain, named World Chain. 💬 Introducing World Chain, a new blockchain designed for humans ⚪️ — Worldcoin April 17, 2024 This new development aims to boost efficiencies and enhance the onboarding process for new users, capitalizing on Worldcoin's unique approach to verifying human users in a digital world increasingly dominated by AI. 🔸 Introduction of World Chain World Chain is designed to operate atop the Ethereum network, providing a secure and efficient layer for transactions. This move to a Layer 2 solution is part of Worldcoin's broader strategy to manage growing user numbers while maintaining low transaction costs and high throughput. A significant feature of World Chain is the prioritization of human-verified users over bots. Verified individuals will enjoy priority block space and access to some free gas, which reduces the transaction fees typically associated with Ethereum. This user-centric approach would reportedly incentivize human interaction and would aim to limit the influence of bots, ensuring a more authentic and secure network. World Chain is built using the OP Stack, a reputable blockchain-building framework known for its scalability and efficiency. Coinbase also uses this technology for its Base network, enabling World Chain to implement "rollups." These rollups bundle transactions and process them securely on Ethereum, ensuring permanence and reducing costs. 🔸 Transition from DApp to Independent Chain Previously, Worldcoin operated merely as a decentralized application (DApp) composed of smart contracts on the Ethereum blockchain. As per reports from CoinDesk, having its own Layer 2 chain would provide developers with greater control over their operations and potentially lower costs for their users. The launch of World Chain offers significant advantages for developers, providing them with the tools to reach millions of users. $WLD #WLD

📊 Bonk Token Sees Strong Recovery Solana-based meme token Bonk has made a significant comeback from the $0.0000213 support level, reflecting a renewed positive sentiment within the cryptocurrency market. This marks the second rebound in three weeks, driving the asset up by 12.5% over four days. The upward movement suggests a potential long-term increase in Bonk’s price. 🔸 What Drives BONK’s Recovery? The recent price correction for Bonk found robust support at $0.0000213, corresponding to the 50% Fibonacci retracement level. This created a healthy pullback, igniting a strong recovery. However, the token has struggled to break past the $0.00003 mark due to market uncertainties. Bonk’s price has been fluctuating between $0.00003 and $0.0000213, indicating a horizontal trend. This volatility suggests that neither buyers nor sellers are fully convinced. On a larger scale, this lateral movement appears to be forming an inverse head and shoulders pattern, a bullish indicator. 🔸 Why Is BONK Outperforming Others? The chart pattern often seen at market bottoms could signal renewed optimism among buyers. According to data from IntoTheBlock, Bonk has emerged as the top performer among major airdrops, marking significant price gains. Out of 17 analyzed tokens, only seven increased in value, underlining the competitive nature of the market. 🔸 Key Insights for Investors – Bonk’s robust recovery from the $0.0000213 support level indicates strong buying interest. – The inverse head and shoulders pattern formation could signal a further bullish trend. – Bonk has outshined other tokens in recent price performance, enhancing its market position. – Investors should monitor the $0.00003 resistance level for potential breakout opportunities. If Bonk’s bullish trend holds, the price might rise by 22%, challenging the $0.00003 resistance. Successfully breaking this barrier could accelerate buying momentum, potentially targeting $0.0000712. $BONK #BONK #Memecoin

📈 Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains The price of bitcoin (BTC) has nudged above the $67,000 level for the first time in nearly one month as animal spirits in cryptocurrencies return following eight weeks of sideways-to-lower action. At press time, bitcoin was trading at $67,250, up 2.8% over the past 24 hours and about 10% from its lowest levels on Monday. That lagged the broader CoinDesk 20 Index, which was ahead 4.4% over the past 24 hours and about 12% from the Monday low. Among the larger movers in the index were Chainlink (LINK), now higher by 18% since the Depository Trust and Clearing Corporation (DTCC) yesterday announced completion of a pilot project with Chainlink and multiple major U.S. financial institutions, aiming to help accelerate the tokenization of funds. Other outperformers today include ether (ETH) with a 5.3% advance and solana (SOL) gaining 7.7%. The quick turnaround in sentiment in crypto comes after economic data this week showed a softening in U.S. inflation and regulatory filings showed an extraordinary amount of interest in the still newish spot bitcoin ETFs. Izzy Englander's $64 billion AUM Millennium Management disclosed a $2 billion position in BlackRock's iShares Bitcoin Trust (IBIT) as of the end of the first quarter and Paul Singer's $70 billion AUM Elliott Management also disclosed sizable bitcoin ETF holdings, though far smaller than Millennium's position. Perhaps most interestingly, the State of Wisconsin Investment Board – which manage's that state's retirement assets – showed about a $100 million stake in BlackRock's IBIT. #Crypto #Altcoins $BTC $LINK $SOL

💥 ChatGPT has learned to work with graphs and tables 🫡 The update will be available in GPT-4o for ChatGPT Plus, Team and Enterprise users, you can upload your data tables and graphs and conduct AI analysis. Crypto traders will already screen BTC and altcoin charts to search for entry points 😃 #chatgpt #Cryptocurrency

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