🪙 **Coin Name:** ( $AI ) 💰 **CMP:** $1.68 🛑 **Stop:** $1.46 💡 **Buying Range :** Consider buying between $1.64 , 1.57 and $1.48 🎯 **Targets:** $1.88, $2.025, $02.2, $2.45, $2.7 📊 **Exchange:** Binance 📈 **Call:** Bullish (Long) ℹ️ **Additional Info:** You can buy it at the current market price (1.68), with just a small entry recommended.
🪙 **Coin Name:** ($HFT ) 💰 **CMP:** $0.4029 🛑 **Stop:** $0.36 🎯 **Targets:** $0.41 , $0.425 , $0.432 , $0.45 📊 **Exchange:** Binance 📈 **Call:** Bullish (Long) ℹ️ **Additional Info:** you can buy it on spot as well at CMP just small entry $HFT
1. **Tether Discontinuing Support**: Tether is ending its support for USDT on specific blockchains, including Bitcoin Cash SLP, Kusama, and the Omni Layer for Bitcoin.
2. **Evaluation of Blockchain Support**: Tether considered factors like security, customer support, compliance, and regulatory oversight when deciding to continue supporting a blockchain.
3. **Efficiency and Sustainability Concerns**: Tether is concerned that supporting blockchains with low adoption could become inefficient and jeopardize security.
4. **Strategic Transition**: Tether is strategically shifting away from supporting USDT on the mentioned blockchains.
**Potential Implications:**
1. **Impact on Affected Blockchains**: This decision may affect Bitcoin Cash SLP, Kusama, and Omni Layer's liquidity and utility.
2. **Market Reaction**: Traders may need to adapt to the changes, potentially causing short-term volatility and adjustments in trading.
3. **Tether's Focus on RGB Protocol**: Tether is focusing on the RGB protocol within the Bitcoin ecosystem for future growth.
4. **Compliance and Security**: The move emphasizes the importance of compliance and security in the stablecoin industry.
5. **Market Confidence**: The crypto market's reaction depends on how well the transition is managed and whether users maintain confidence in USDT on other supported blockchains.