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🪙 Crypto and Blockchain News (Mar 12, 2024): 1️⃣ Lookonchain: On March 10th, a user spent 0.025 #SOL ($4) to purchase 4,367,218.49 BALLZ. Five hours later, after a significant token price surge, they sold the assets for 428.15 SOL ($63,400). 🚀 2️⃣ Tether: #Tether company will launch the #USDT stablecoin on the EVM-compatible layer-one blockchain of Celo. According to the statement, the network's ecosystem spans over 1000 projects across more than 150 countries. 💡 3️⃣ USDM: This Saturday, the popular crypto project Cardano will launch #USDM — its first fiat-backed stablecoin. It's known that USDM will be pegged to the US dollar. Initially, the novelty will be available in 19 US states. 🌎 4️⃣ miles jennings: Governor of Wyoming (USA) Mark Gordon signed the Decentralized Unincorporated Nonprofit Association Act (DUNA), providing DAOs legal status. The document will enable DAOs to operate within the existing US legislation, enter contracts with third parties, open bank accounts, litigate, and pay taxes. 🏛️ 5️⃣ Stefan George: Ahead of the Dencun upgrade on the Ethereum network, developers at Gnosis Chain activated #BLOB transactions for sidechain scalability. BLOB transactions will launch on the Ethereum mainnet on March 13th during the hard fork. 🔄 👉 Subscribe to our channel to stay updated on the latest news in the world of cryptocurrencies and blockchain technologies!

🪙 Crypto and Blockchain News (Mar 12, 2024):

1️⃣ Lookonchain: On March 10th, a user spent 0.025 #SOL ($4) to purchase 4,367,218.49 BALLZ. Five hours later, after a significant token price surge, they sold the assets for 428.15 SOL ($63,400). 🚀

2️⃣ Tether: #Tether company will launch the #USDT stablecoin on the EVM-compatible layer-one blockchain of Celo. According to the statement, the network's ecosystem spans over 1000 projects across more than 150 countries. 💡

3️⃣ USDM: This Saturday, the popular crypto project Cardano will launch #USDM — its first fiat-backed stablecoin. It's known that USDM will be pegged to the US dollar. Initially, the novelty will be available in 19 US states. 🌎

4️⃣ miles jennings: Governor of Wyoming (USA) Mark Gordon signed the Decentralized Unincorporated Nonprofit Association Act (DUNA), providing DAOs legal status. The document will enable DAOs to operate within the existing US legislation, enter contracts with third parties, open bank accounts, litigate, and pay taxes. 🏛️

5️⃣ Stefan George: Ahead of the Dencun upgrade on the Ethereum network, developers at Gnosis Chain activated #BLOB transactions for sidechain scalability. BLOB transactions will launch on the Ethereum mainnet on March 13th during the hard fork. 🔄

👉 Subscribe to our channel to stay updated on the latest news in the world of cryptocurrencies and blockchain technologies!

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📈 Prediction (TON and BCH): 💪 TON/USDT - After several weeks of price decline, #TON holders seem to be preparing for potential growth, as indicated by current patterns in their behavior. On-chain metric Mean coin age determines the level of trading sentiment among long-term investors by calculating the average number of days coins in circulation have spent at current addresses. An increase in this indicator suggests that investors prefer to hodl the asset. Conversely, a decrease in the metric indicates that investors are moving their assets, which is considered a sign of low confidence, as has been happening with the altcoin in the last couple of days. However, the metric is now rising, reflecting strengthened bullish sentiment. Forecast: The price has been moving downward within a descending channel over the past few days. Looking at the changing investor sentiment, one can speculate that TON may break out of this channel. A potential breakout above its upper boundary would signify a rally of almost 18%. This would mean that breaking the resistance line at $7.0 could send the altcoin towards a target of $7.8. However, if #Toncoin fails to breach the barrier at $5.9, the price may fall to the support level of $5.4. Losing this line could nullify the bullish scenario and lead to further decline to $5.2. 📊 BCH/USDT - To sustain its upward momentum, Bitcoin Cash must consolidate above the resistance at $513, which coincides with the 23.6% Fibonacci retracement from $709 to $452. If this occurs, the altcoin may attempt to break the 38.2% Fibonacci line at $550. However, a failed breakout attempt could lead to breaking the support at $501 and a potential retest of $452, rendering the bullish thesis invalid. 👍Would you mind sharing your analysis with others?
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