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🪙 Crypto News (Apr 6, 2024): 1️⃣ Lookonchain: A trader multiplied their investments by 195 times on one of the meme tokens on the Solana blockchain. On April 4th, a user bought 261.27 million TEH EPIK DUCK (EPIK) coins for 30.3 SOL ($5300). Just a day later, through a series of transactions, they sold 231.27 million #EPIK for 5936.7 SOL ($1.04 million). 🎉 2️⃣ Grayscale: Investment company Grayscale Investments removed Cardano (ADA) and Cosmos (ATOM) tokens from its portfolio. According to the latest data, the GDLC's foundation now consists of bitcoins (70.96%) and Ethereum (21.84%). Additionally, the company holds 4.52% Solana (SOL), 1.73% Ripple (XRP), and 0.95% Avalanche (AVAX). 💼 3️⃣ BeInCrypto: The Bank for International Settlements (BIS) and central banks of seven countries are joining forces under the Agorá project to explore tokenization opportunities in the traditional financial system. Central banks of France, Japan, South Korea, Mexico, Switzerland, England, and the Federal Reserve Bank of New York will work on the Agorá project. This initiative is a significant step towards merging the digital and traditional monetary spheres. 💰 4️⃣ Crypto Koryo: In the first quarter of 2024, venture investments in the crypto industry reached $2 billion, breaking a two-year downward trend. The top 5 largest investments for the quarter included #HashKey ($100 million), #EigenLayer ($100 million), #Zama ($73 million), Berachain ($69 million), and Figure ($60 million). 📈 5️⃣ Dune Analytics: The total trading volume on the decentralized exchange (DEX) #Uniswap exceeded $2 trillion. The platform reached this milestone on April 5th, 2024, around 11:55 UTC. Remarkably, the total trading volume on the Uniswap exchange surpassed the gross domestic product (GDP) figures of countries like Australia, Brazil, and South Korea. 🌐 🤔 Share your thoughts in the comments!

🪙 Crypto News (Apr 6, 2024):

1️⃣ Lookonchain: A trader multiplied their investments by 195 times on one of the meme tokens on the Solana blockchain. On April 4th, a user bought 261.27 million TEH EPIK DUCK (EPIK) coins for 30.3 SOL ($5300). Just a day later, through a series of transactions, they sold 231.27 million #EPIK for 5936.7 SOL ($1.04 million). 🎉

2️⃣ Grayscale: Investment company Grayscale Investments removed Cardano (ADA) and Cosmos (ATOM) tokens from its portfolio. According to the latest data, the GDLC's foundation now consists of bitcoins (70.96%) and Ethereum (21.84%). Additionally, the company holds 4.52% Solana (SOL), 1.73% Ripple (XRP), and 0.95% Avalanche (AVAX). 💼

3️⃣ BeInCrypto: The Bank for International Settlements (BIS) and central banks of seven countries are joining forces under the Agorá project to explore tokenization opportunities in the traditional financial system. Central banks of France, Japan, South Korea, Mexico, Switzerland, England, and the Federal Reserve Bank of New York will work on the Agorá project. This initiative is a significant step towards merging the digital and traditional monetary spheres. 💰

4️⃣ Crypto Koryo: In the first quarter of 2024, venture investments in the crypto industry reached $2 billion, breaking a two-year downward trend. The top 5 largest investments for the quarter included #HashKey ($100 million), #EigenLayer ($100 million), #Zama ($73 million), Berachain ($69 million), and Figure ($60 million). 📈

5️⃣ Dune Analytics: The total trading volume on the decentralized exchange (DEX) #Uniswap exceeded $2 trillion. The platform reached this milestone on April 5th, 2024, around 11:55 UTC. Remarkably, the total trading volume on the Uniswap exchange surpassed the gross domestic product (GDP) figures of countries like Australia, Brazil, and South Korea. 🌐

🤔 Share your thoughts in the comments!

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📈 Prediction (XRP and MATIC): 😁 XRP/USDT - The price of #XRP is recovering very slowly. Partly, this is due to the lack of interest from institutional investors: according to the report on fund flows into digital asset funds by CoinShares, in the last week, only $100,000 flowed into Ripple. For comparison, Litecoin, Polkadot, and BNB registered inflows of $4.4 million, $0.6 million, and $0.6 million respectively. Forecast: At the time of writing, XRP is trading above the Fibonacci correction level of 0.382, which coincides with the $0.60 mark. Its loss will lead to a drop to the 0.236 level at $0.55. The Ichimoku Cloud, a technical analysis tool that displays support/resistance levels, trend direction, and momentum, supports the development of such a scenario. Candles below the cloud are a clear bearish signal. However, if the 0.382 level turns into support, #Ripple will have a chance to break the Fibonacci 0.5 level at $0.64, making the bearish thesis invalid. 📊 MATIC/USDT - Forecast: #MATIC has been in a downtrend for almost a month now. If the altcoin manages to close above this trendline and successfully break it, considering the factors mentioned above, #Polygon can overcome the resistance level of $0.97. This will allow the price to reclaim the $1.00 barrier, ultimately enabling the cryptocurrency to surpass the $1.02 resistance level. Once it's breached, we can talk about a successful breakout from the downtrend. However, if this bullish breakthrough fails, MATIC will fall below support at $0.92 and reach $0.88. Losing this support level will result in abandoning the bullish scenario and the token dropping to $0.81. 🔍 Please share this review with others.
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🪙 Crypto News (Apr 9, 2024): 1️⃣ Incrypted: On April 12, 2024, the third blockchain summit, Kryptosphere Blockchain Summit (KBS), will take place in Paris. The event aims to bring together participants of the French-speaking blockchain ecosystem for exchanging opinions. The event is organized by the student organization Kryptosphere, consisting of over 800 members from more than 22 educational institutions since 2017. 🚀 2️⃣ CoinShares: From April 1 to 5, 2024, the inflow of capital into crypto funds amounted to $646 million, which is $212 million less compared to the previous figure. Bitcoin-based funds remain leaders, with an inflow of $663 million, followed by Litecoin-based products with $4.4 million, and #Solana funds with $4 million. 💰 3️⃣ Sergej Kunz: The DeFi project 1inch Network introduced a debit Web3 card, created in partnership with #Mastercard and Crypto Life. 1inch Card will enable online and offline purchases using cryptocurrencies, as well as cash withdrawals at Mastercard-supported ATMs worldwide. 💳 4️⃣ Oyster Labs: Oyster Labs developers presented a #Web3 smartphone based on The Open Network (TON) blockchain at a festival in Hong Kong on April 8. 📱 5️⃣ Tensor Foundation: On April 8, 2024, the Tensor Foundation, overseeing the operation of the eponymous NFT marketplace, announced the launch of the #TNSR governance token. Additionally, the project team conducted an airdrop, with a volume of 12.5% of the total emission. 🎨 🔍 What are your thoughts on the latest news from the world of cryptocurrencies and blockchain?
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📈 Prediction (BTC and ADA): 💪 BTC/USDT - Investors are consistently accumulating bitcoins. In just the past week, the total supply of the asset on all exchanges has decreased from 812,000 to 799,000 BTC. This indicates that almost 13,000 coins worth over $926 million have been withdrawn from exchanges to investors' wallets. This is a sign that #BTC holders are expecting further price growth, and it seems to be the case. Forecast: Although it's quite challenging to determine the long-term target given unprecedented and uncontrollable factors, it appears that the short-term target for #Bitcoin will be around $85,000. This is indicated by the trading pattern of the "symmetrical triangle" observed on the BTC chart at the moment. It points to a period of market indecision as prices consolidate between rising lows and falling highs. A bullish breakout from this pattern could lead to a significant price movement. The pattern's target is set at 21% above the breakout point, just above $85,000. However, a crucial factor that could refute this bullish scenario is the realization of long-term profits. Historically, after reaching new all-time highs, hodlers tend to take profits, leading to a correction in Bitcoin's price in the coming weeks. If this happens with Bitcoin after the halving, the price of BTC may correct and potentially fall to $60,000. 🐋 ADA/USDT - Forecast: Currently, Cardano's price on the candlestick chart is in a "descending wedge" pattern, which is considered a bullish reversal pattern as it promises a price rally after a bullish breakout. Based on this model and the fact that the coin is close to a bullish breakout, the price could increase by almost 33% and reach $0.813. However, if the selling sentiment identified by the price-DAA divergence intensifies, a downturn may occur. In this case, the descending wedge and bullish forecast will be nullified, and the #ADA price will head towards $0.500. 🌐 Share your thoughts with others!
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