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As a result of the #whale’s accumulation, its price exploded by over 57% over the past week. The #cryptocurrency #TRU is up over 133% over the last 30 days, and up over 258% since the beginning of the year.

As a result of the #whale’s accumulation, its price exploded by over 57% over the past week. The #cryptocurrency #TRU is up over 133% over the last 30 days, and up over 258% since the beginning of the year.

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🔊🔊🔊While CEO Brad Garlinghouse discusses stablecoins at the Paris Blockchain Week, #Ripple takes on the $0.60 barrier Thursday sees #XRP price breaking above $0.60 barrier, continuing altcoin's roughly 5% gain from Monday's $0.58 low. At the Paris Blockchain Week, Ripple CEO Brad Garlinghouse talks about the company's intentions for a stablecoin and the liquidity of #XRPLedger . Garlinghouse predicts that exchange-traded funds (ETFs) will emerge, however that the US market may be slow to adopt them. At Paris Blockchain Week, Ripple's CEO discussed XRPLedger, the USD-backed stablecoin, and US Exchange Traded Funds (ETFs). An increase of roughly 5% has been seen in the price of XRP this week. On Thursday, the cryptocurrency reversed its $0.60 barrier and extended advances. A representative from Ripple discussed the company's plans for the future of stablecoin market capitalization and the function of USD-backed stablecoins such as USD Tether (USDT) and Circle's USD Coin (USDC). A stablecoin, according to Garlinghouse, will increase the XRPLedger's liquidity. By reversing resistance at $0.60, $XRP has extended its gains, according to technical analysis. On Thursday, Ripple changed the $0.60 level, which is psychologically significant, from resistance to support. At the time of writing, the price of XRP has risen from Monday's low of $0.58 to $0.61, an increase of about 5%. The cryptocurrency is now moving in an upward trending channel, with the $0.6265 high from April 8th and the $0.6336 high from April 1st serving as important resistances on the way to the $0.6431 high on April 9th. The Awesome Oscillator (AO) green bars lend credence to the idea that the price of XRP will rise. The positive thesis might be thrown out if the daily candlestick closes below the $0.6123 bottom barrier of the ascending channel. At $0.6027, the 50% Fibonacci retracement level of the rise to the local peak of $0.6265 on April 8, XRP price should find support. After that, in March and April of 2024, $0.5851 acted as support.
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#BNB Price Regains Strength As Bulls Target $700 BNB price is trying to rise from $575. Bulls want to break $620 after a 5% gain. After finding support at $575, $BNB price rose again. The price is over $600 and the 100 SMA. On the 4-hour BNB/USD chart, a bullish trend line with support at $587 is formed. Bullish momentum may result if the pair breaks $620 barrier. BNB Price May Rise 15% BNB price found support at $575 after a drop below $600. The price rose from $572.8, unlike Ethereum and Bitcoin. Above $595 and $600 barrier levels. Bulls beat the $605 pivot. It is up over 5% and exhibiting several strong indicators above the 23.6% Fib retracement line of the latest surge from $572.8 swing low to $618.0 high. Above $600 and the 100 SMA (4 hours). On the 4-hour BNB/USD chart, a bullish trend line with support at $587 is formed. Resistance around $618 is immediate. Near $620 is the next resistance. A decisive break above $620 might boost prices. In this instance, BNB may reach $632. A closing over $632 might lead to a stronger move toward $650. Any more increases may challenge $700 in the coming days. Another Fall? BNB may fall if it fails to break $620 resistance. Initial downside support is at $600. Next key support is at $590 and the trend line or 61.8% Fib retracement level of the current advance from the $572.8 swing low to the $618.0 high. The major funding is $575. If the price breaks below $575, it might fall to $562. More losses might cause a drop to $550. 4-Hours MACD – BNB/USD MACD is rising in the positive zone. 4-Hours RSI – BNB/USD's RSI is over 50. Major Support Levels: $600, $585, $575. Key Resistance Levels: $620, $632, $650. #bitcoinhalving #BinanceLaunchpool
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#Solana Price Forecast: 10% Week-End Drop in $SOL - What's Happening? The price of Solana has fallen to $170.92 today, a 2.5% loss in 24 hours and a 10% loss in a week. The medium and long term outlook for SOL is bright, nevertheless, since its price has risen by 15% in the last month and a substantial 740% in the past year, notwithstanding these declines. Thus, it is more probable that this week's losses are a short-term correction than a long-term loss of momentum, similar to the broader market's decline. We may see a return to the Solana price surge in the near future as the market prepares for the Bitcoin halving on April 20. Currently, SOL's chart suggests that the stock has to decline a little further before it can start climbing again. Its purple relative strength index has fallen from over 70 a few days ago to about 35 today, and it could need to go below 30 before it starts to rise again. The fact that its 24-hour trading volume is just $2.9 billion is indicative of rather low demand, which is very low for Solana. However, decreased liquidity is often the catalyst for large price rises, and considering the recent optimistic sentiment around SOL, a spike may be on the horizon. Although Ethereum and other altcoins had negative digital fund flows in the week leading up to April 8, #SOL saw positive flows, according to CoinShares. As the previously stated Bitcoin halving draws near, it is probable that a market-wide push will occur, which might indicate that we are about to see a comeback. However, given the frequency of "buy the rumor, sell the news" occurrences in the cryptocurrency market, several experts are recommending caution for the immediate future.
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#Binance Holds Over 67 Trillion #Shiba Inu Tokens Binance, the world's biggest cryptocurrency exchange, issued its latest Proof of Reserve (PoR) report, showing billions of Shiba Inu tokens owned by customers. Binance released its 17th proof of reserve report on April 1. All digital asset net balances were above 100% of client net balance, according to the exchange. Shiba Inu native token SHIB has a ratio of 103.60%, demonstrating the exchange's 1:1 collateralization of users' funds. The report states that Binance's customer net balance has 65,321,321,452,095.36 (65.3 trillion) SHIB tokens and its net balance contains 67,670,462,296,521 (67.6 trillion). The current price of Shiba Inu is $0.0000276, down 5.83%, putting users' deposits at almost $1.8 billion. Binance's SHIB reserves exceed $1.86 billion. Binance's newest SHIB token reserve has decreased from February's, indicating investors may have liquidated a tiny percentage of their holdings. The doggy-themed meme currency Shiba Inu gained popularity in February and March 2024, attracting many investors. Demand drove double-digit growth for the cryptocurrency, making it one of the most searched crypto assets on Google. Reserve Proof Shows 100% Backed Assets Binance releases its proof of research report often to keep people informed. The exchange says their proof of reserves includes all user assets. Binance also claims that its digital assets are 100% backed, protecting customer monies. The exchange supplied 1:1 money to cover all users' assets and reserves. This implies that the exchange's net balance constantly exceeds its customers'. Each Bitcoin or 1,000 Shiba Inu token deposit increases Binance's reserves by at least one BTC or 1,000 SHIB. Binance also reserves SAFU money for emergencies. This manages exchange liquidity and reduces market volatility losses. The exchange also claimed that it has no debt in its capital structure and uses Merkle Tree to enable customers to check their assets to ensure they are 100% backed and kept in a 1:1 ratio. #SHIB $SHIB
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🔥🔥The crucial $1.67 – $1.79 support zone for #Arbitrum pricing has now turned into resistance Defeating arbitrum pricing Since the breakdown on March 16, the price of Arbitrum has fallen below the $1.79 and $1.67 support levels. Since then, ARB's value has dropped 24 percent, to $1.48 per share. Retesting after a breakdown of critical support usually verifies the level has flipped into resistance. If this happens, the price of Arbitrum might surge by 13–20% and retest the previously indicated resistance level, which would be good news for investors. The next critical support level is around $1.34, or almost 20% below $1.67, and if sellers are in charge, ARB is likely to see strong rejection that sends it down. Both the RSI and the Awesome Oscillator have fallen below their respective average values of 50 and 0, lending credence to this trend of decline. Plus, according to IntoTheBlock's numbers, 175,000 addresses are OTM after buying 895,000,000 #ARB at an average price of $1.65. This group of buyers bought ARB between $1.58 and $1.70, which is the same range as the technical resistance level. Roughly 56,400 addresses purchased 2.15 billion ARB at an average price of $1.41 between $1.36 and $1.45. If the price of Arbitrum drops, these investors will likely add to their holdings because they are still in the money. Curiously, the technical assistance mentioned before also occurs at this level. When Arbitrum price reclaims the $1.79 resistance level and turns it into a support floor, the bearish thesis would be rendered useless. If this were to happen, ARB may try to break over the $2 psychological threshold by 12%.
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