BNB price started a downside correction from the $585 zone. The price must stay above $570 to start a fresh increase in the near term. BNB price started a fresh decline after it failed to clear the $585 resistance zone. The price is now trading below $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $570 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could start a fresh increase if it stays above the $570 support. BNB Price Holds Support After a decent increase, BNB price struggled near the $585 resistance. As a result, there was a bearish reaction below the $580 support, like Ethereum and Bitcoin. The price dipped below the $575 support and the 100 simple moving average (4 hours). It traded as low as $571 and is currently consolidating losses. There is also a key bullish trend line forming with support near $570 on the hourly chart of the BNB/USD pair. There was a minor upward move above the $575 level. The price cleared the 23.6% Fib retracement level of the downward move from the $586 swing high to the $571 low. It is now trading below $580 and the 100 simple moving average (4 hours). Immediate resistance is near the $578 level or the 50% Fib retracement level of the downward move from the $586 swing high to the $571 low. The next resistance sits near the $582 level. A clear move above the $582 zone could send the price higher. In the stated case, BNB price could test $588. A close above the $588 resistance might set the pace for a larger increase toward the $600 resistance. Any more gains might call for a test of the $612 level in the coming days. More Losses? If BNB fails to clear the $582 resistance, it could continue to move down. Initial support on the downside is near the $572 level and the trend line. The next major support is near the $562 level. The main support sits at $550. If there is a downside break below the $550 support, the price could drop toward the $532 support. Any more losses could initiate a larger decline toward the $525 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $572, $562, and $550. Major Resistance Levels – $582, $588, and $600.

XRP price started another decline after it failed to surpass the $0.530 resistance. The price is back below $0.5150 and showing a few bearish signs. XRP struggled near $0.5300 and started a fresh decline. The price is now trading below $0.5150 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below $0.500. XRP Price Turns Red After a steady increase, XRP price faced resistance near the $0.530 zone. A high was formed at $0.5293 and the price started a downside correction like Bitcoin and Ethereum. The price declined below the $0.5220 level. There was a move below the 50% Fib retracement level of the upward wave from the $0.4967 swing low to the $0.5293 high. Besides, there was a break below a key contracting triangle with support at $0.520 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5150 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5150 level. The first key resistance is near $0.520. A close above the $0.520 resistance zone could send the price higher. The next key resistance is near $0.5220. If the bulls push the price above the $0.5280 resistance level, there could be a fresh move toward the $0.5350 resistance. Any more gains might send the price toward the $0.550 resistance. More Losses? If XRP fails to clear the $0.5150 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5045 level or the 76.4% Fib retracement level of the upward wave from the $0.4967 swing low to the $0.5293 high. The next major support is at $0.500. The main support is now near $0.4965. If there is a downside break and a close below the $0.4965 level, the price might accelerate lower. In the stated case, the price could drop and test the $0.4840 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5040 and $0.5000. Major Resistance Levels – $0.5150 and $0.5200.

Ethereum price started a downside correction from the $3,150 zone. ETH is holding gains and might start another increase from the $3,000 support. Ethereum started a downside correction after the bears defended $3,150. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,000 support. Ethereum Price Holds Ground Ethereum price gained pace after it settled above the $3,000 level, like Bitcoin. ETH even cleared the $3,050 level before the bears appeared near $3,150. A new weekly high was formed at $3,144 and the price recently started a downside correction. There was a move below the $3,100 level. Ether dipped below the 23.6% Fib retracement level of the upward move from the $2,927 swing low to the $3,144 high. Ethereum is now trading above $3,000 and the 100-hourly Simple Moving Average. The bulls are active near the $3,065 support and they are protecting the 50% Fib retracement level of the upward move from the $2,927 swing low to the $3,144 high. Immediate resistance is near the $3,080 level. There is also a connecting bearish trend line forming with resistance at $3,080 on the hourly chart of ETH/USD. The first major resistance is near the $3,150 level. An upside break above the $3,150 resistance might send the price higher. The next key resistance sits at $3,200, above which the price might gain traction and rise toward the $3,250 level. If there is a clear move above the $3,250 level, the price might rise and test the $3,320 resistance. Any more gains could send Ether toward the $3,500 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,080 resistance and the trend line, it could continue to move down. Initial support on the downside is near the $3,065 level. The next major support is near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,980. Any more losses might send the price toward the $2,860 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,000 Major Resistance Level – $3,080

Bitcoin price extended its increase above the $67,500 resistance. BTC tested the $68,000 resistance and is currently correcting gains. Bitcoin started a downside correction after it climbed toward the $68,000 resistance zone. The price is trading below $67,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears push it below $65,900. Bitcoin Price Starts Downside Correction Bitcoin price remained stable above the $66,500 level. BTC extended its increase above the $67,200 and $67,500 resistance levels. It traded to a new weekly high at $67,984 and recently started a downside correction. There was a move below the $67,000 support zone. Besides, there was a break below a connecting bullish trend line with support at $65,900 on the hourly chart of the BTC/USD pair. The pair even dipped below the $66,500 support zone. Bitcoin price is now trading below $67,000 and the 100 hourly Simple moving average. A low was formed at $65,922 and the price is now attempting a fresh increase. There was a move above the $66,200 level. The price climbed above the 23.6% Fib retracement level of the downside correction from the $67,984 swing high to the $65,922 low. The price is now facing resistance near the $66,500 level and the 100 hourly Simple moving average. The first major resistance could be $66,950. It is near the 50% Fib retracement level of the downside correction from the $67,984 swing high to the $65,922 low. The next key resistance could be $67,500. A clear move above the $67,500 resistance might send the price higher. In the stated case, the price could rise and test the $68,000 resistance. If the bulls remain in action, the price could rise toward the $68,800 resistance zone. Any more gains might send BTC toward the $70,000 barrier. Another Decline In BTC? If Bitcoin fails to climb above the $66,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $66,000 level and the trend line. The first major support is $65,500. The main support is now forming near $64,500. Any more losses might send the price toward the $63,150 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $65,900, followed by $65,500. Major Resistance Levels – $66,500, $67,000, and $67,500.

The scalability tool that Cardano has been developing over the last many years is Hydra. Hoskinson’s post on X was in reaction to one made by Dedium. Charles Hoskinson, founder of Cardano, has once more brought attention to two blockchain characteristics that have the potential to expand the global financial operating system (OS). Hoskinson’s post on X was in reaction to one made by Dedium, a Cardano-based decentralized GPU computing network. As an example of “the beauty of Cardano,” Dedium considered a single block with eight transactions that were billed to 1600 different receivers. In light of these extensive and intricate transactions, Dedium brought attention to the 5.16 ADA (or around $2.38) transaction cost. It should be noted that the difficulty that blockchains have been attempting to tackle is how to achieve scalability, throughput, and speed while keeping fees low. It seems that no blockchain has worked out entirely, although according to Dedium’s post, Cardano is doing really well. Boosting Scalability and Efficiency Charles Hoskinson chimed in to say that the point of the blockchain is to make the idea of cheapness and scalability expand exponentially. He went on to say that the two most important breakthroughs in this regard are Cardano Hydra and Leios. The main scalability tool that Cardano has been developing over the last many years is Hydra. Transactions are consolidated and executed offline using Hydra, and then synced when the system goes online. In an effort to prevent networks from being overloaded, this approach allows for many transactions to be processed on chain at once. To further improve the efficiency and scalability of the network, Cardano developed the Ouroboros Leios. With the combined power of Hydra and Leios, Charles Hoskinson is certain that Cardano may be the foundation for a worldwide financial operating system. Highlighted Crypto News Today: Peter Schiff Calls Bitcoin ‘Dead’, Highlights Silver’s Outperformance

In comparison to Q4 2023, the on-chain transaction activity for XRPL surged by 108% in Q1 2024. The average cost per transaction dropped to around $0.000856, a reduction of 45 percent. As per Ripple’s Q1 2024 XRP Markets Report, the volume of XRP Ledger (XRPL) transactions increased by more than 100% between Q4 2023 and Q1 2024, while the average cost of such transactions decreased by about 45%. In comparison to 121.03 million in Q4 of 2023, the on-chain transaction activity for XRPL surged by 108% during Q1 of 2024, reaching about 251.39 million, as reported in the report issued on May 17. Also, the average cost per transaction dropped to around $0.000856, a reduction of 45 percent. According to the report, there was no network congestion throughout the quarter and the drop in average cost per transaction suggested a reset. Binance, Bybit, and Upbit accounted for over 70% of the overall traded volume of XRP (XRP) in the first quarter, with the distribution of this volume across crypto exchanges remained stable. Also noted was the decline from 15% in Q4 to 11% in the amount of volume traded via fiat pairings during Q1. Trading XRP versus Tether is the most common at the moment. Ongoing SEC Tussle Additionally, the report touched on the ongoing legal battle between Ripple and the US SEC. The SEC filed the lawsuit in December 2020, claiming that Ripple’s executives raised funds through an IPO of XRP, which it considered an unregistered security at the time. In response to the SEC’s demand for $2 billion in remedies, Ripple expressed its disagreement with the proposal on April 22. Ripple contended that the SEC does not have the legal authority to seek disgorgement or interest on disgorgement without proof of harm to someone. Highlighted Crypto News Today: Venezuela Cracks Down Crypto Mining Farms Amid Energy Crisis

The government recently confiscated 2,000 crypto mining devices. This move is being taken in an effort to lessen the substantial energy burden. The Venezuelan government has stated its intention to detach cryptocurrency mining farms from the power grid in order to control the country’s excessive energy consumption and guarantee a steady supply of electricity to its residents. In an effort to combat corruption, the government recently confiscated 2,000 crypto mining devices, prompting this decision. As a result of the country’s skyrocketing power consumption, the Venezuelan government has chosen to cut off power to all cryptocurrency mining businesses in the country. Tackling Energy Crisis and Corruption This move is being taken in an effort to lessen the substantial energy burden that these activities have on the power grid. Providing efficient and dependable electricity service throughout Venezuela, free of the burden of these energy-hungry farms, was reportedly underlined by the Ministry, according to AlbertoNews. In addition, the seizure of thousands of mining units is one of the latest government moves that prompted the move. The national electricity supply has been unpredictable for the last decade, so officials say these steps are essential to stabilize it. Since 2019, the frequency of blackouts has significantly increased, negatively impacting both the quality of life of inhabitants and the economy as a whole. The government’s crackdown on cryptocurrency mining is part of a larger effort to combat corruption, which has lately resulted in the arrest of many officials. These claims are specifically linked to Joselit Ramírez, who was the previous chairman of the National Superintendency of Cryptoassets (Sunacrip). The need for public assistance in discovering illicit mining operations has been emphasized by Rafael Lacava, the governor of Carabobo state. Noting that the community must do its part to protect its electricity service, he asked people to report any illegal actions. Highlighted Crypto News Today: Zeebu Surpasses US$2Bln in Total Payments Volume

Schiff notes that silver’s 21% rise since April dwarfs Bitcoin’s 2% gain. Bitcoin advocates, however, argue that Schiff cherry-picks facts from the near term. Despite Bitcoin’s recent surge to new all-time highs, renowned financial analyst Peter Schiff has once again shook up the cryptocurrency market by claiming the cryptocurrency is ‘dead’. In his most recent comments, Schiff, who is typically pessimistic about cryptocurrency, focused on the recent performance of bitcoin relative to silver, drawing attention to the striking difference between the two. Schiff notes that silver’s 21% rise since April dwarfs Bitcoin’s 2% gain. This underperformance, he says, is the last straw that will cause Bitcoin to collapse. Cherry-Picks Facts Bitcoin advocates, however, argue that Schiff cherry-picks facts from the near term to back his claims. Compared to silver’s more moderate 14.46% rise so far this year, Bitcoin’s spike of over 60% is striking. Proponents of both digital currency and more conventional assets continue to argue about this contradiction. Schiff went on to explain his position by saying he is worried about the marketing of Bitcoin as a digital gold substitute. To save prospective investors from committing what he perceives as a serious mistake, he plans to clear up what he thinks is a misunderstanding. If Bitcoin proponents would only quit comparing it to gold, Schiff says he would feel less need to openly oppose it. Schiff insists that his criticisms are based on a sincere concern for the welfare of investors, despite claims that he is seeking exposure. He stresses that he would prefer to remain honest than seek interaction by praising Bitcoin. But seasoned trader Peter Brandt says everyone should ignore Schiff’s negative predictions for Bitcoin. Brandt claims that Schiff is trying to deflect attention away from Bitcoin’s achievements by using his position to highlight silver’s performance. Highlighted Crypto News Today: Zeebu Surpasses US$2Bln in Total Payments Volume

As the cryptocurrency landscape evolves, investors are keenly watching new developments across various tokens. BNB Chain’s Airdrop Alliance Chapter 2 promises enticing rewards, and Shiba Inu (SHIB) is on the brink of a potential 20% surge if key resistance levels are broken. However, BlockDAG is making the most significant waves with its revamped dashboard, driving a $28 million presale success. This innovative platform simplifies blockchain interactions, offering real-time data and comprehensive features that make it a standout investment. Among these tokens, BlockDAG emerges as the top pick for those seeking substantial returns and cutting-edge technology. BNB Chain Unveils Airdrop Alliance Chapter 2: Exciting Rewards Await BNB Chain has launched Chapter 2 of its Airdrop Alliance, offering users new opportunities and rewards. This phase is tied to the BNB Chain Fusion, a strategic transition to migrate functionalities from the BNB Beacon Chain to BNB Smart Chain (BSC). To qualify for the airdrop, users must stake at least 1 BNB on BSC or migrate tokens using the Stake Migration tool. Exciting events include the CARV Exclusive SOUL Drop with a 50,000,000 SOUL prize pool, RIDO’s X Treasure Hunt for $RIDO tokens, and the World of Dypians Entry Campaign with 100,000 WOD tokens up for grabs. Additional events like the BNB Chain Game Expedition and Cards Ahoy! game app events also offer unique rewards. Shiba Inu (SHIB) Could Surge 20%: Analysts Warn of Potential Risks Shiba Inu (SHIB) may see a 20% rise if it breaks through a key resistance level at $0.00002444, according to crypto analyst Ali Martinez. Currently, SHIB faces crucial support levels, which will determine its next move. The cryptocurrency market recently saw a 5.56% increase in capitalization, with meme coins like SHIB, Pepe Coin (PEPE), and Dogecoin (DOGE) driving the surge. This increased interest is partly fueled by Keith “Roaring Kitty” Gill’s return to the spotlight. SHIB is also forming a symmetrical triangle pattern, suggesting a significant price move could be imminent. This pattern, characterized by lower highs and higher lows, indicates potential volatility. SHIB is near the triangle’s lower support level, a critical point for investors. A breakout above the upper resistance could lead to substantial gains, while a drop below support could continue the bearish trend. BlockDAG’s Dashboard Revamp Drives $28M Presale Surge BlockDAG’s recent presale has skyrocketed, surpassing $28 million, thanks to its revamped dashboard that has captivated investors. This innovative dashboard simplifies blockchain technology, making it accessible to both beginners and experts. It provides real-time insights and deep data analysis, crucial for informed investment decisions in the fast-moving crypto market. Key features include Hot News updates, a Current Rank display that fuels competition, and a Wallet feature for easy balance and transaction tracking. The Referral Screen is particularly noteworthy, enabling users to track referral link activity and bonuses, transforming referral sharing into an engaging and rewarding experience. These enhancements have significantly boosted BlockDAG’s presale momentum, with the coin price now at $0.008, a 700% increase from Batch 1. The user-friendly interface and comprehensive features make BlockDAG an attractive investment. As the platform continues to grow and innovate, it solidifies its position as the top crypto to invest in for 2024. For those looking to maximize their returns, BlockDAG offers a compelling opportunity. Final Thoughts While BNB Chain and Shiba Inu present interesting opportunities, BlockDAG stands out with its user-centric dashboard and impressive presale performance. The platform’s ability to democratize blockchain technology and offer significant returns positions it as the premier choice for investors. With continuous innovation and strong community engagement, BlockDAG is set to lead the crypto market in 2024. For investors aiming to maximize their returns, BlockDAG offers an unparalleled opportunity, making it the best crypto investment among the top picks. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Solana (SOL) is riding a wave of investor confidence, with its price steadily climbing towards uncharted territory. This bullish trend has analysts scrambling for their charts and telescopes, predicting a potential price explosion that could propel SOL to its all-time high (ATH) and beyond. However, amidst the excitement, some experts urge caution, reminding investors that cryptocurrency seas can be treacherous. Solana Sets Sail For Higher Ground The past week has been a banner one for Solana. The price has surged nearly 20%, surpassing a key resistance level at $150 and finding support above it. This breakout is seen as a significant technical victory, indicating a shift in investor sentiment and potentially paving the way for further gains. Adding fuel to the fire are bullish pronouncements from prominent crypto analysts. Alex Clay, a well-respected figure in the space, has set his sights on a price target of $329 for SOL, citing a promising weekly chart structure and a recent consolidation period. Technical Tailwinds Fill The Sails So what’s driving this bullish sentiment? Technically, the successful breakout above resistance and the formation of a bullish chart pattern known as an “inverse head and shoulders” are positive signs. Additionally, Solana’s strong fundamentals, including its reputation for fast transaction speeds and scalability, continue to attract investors. Uncharted Waters: Potential Storms On The Horizon While the current outlook for Solana is bright, some experts advise investors to exercise caution. The cryptocurrency market remains highly volatile, and unforeseen events can quickly disrupt even the most meticulously charted course. The recent price increase has been impressive, but the 24-hour growth remains modest, suggesting a potential for short-term fluctuations. Need For Speed Meanwhile, with its real daily average transactions per second (TPS) hitting a record high of 1,504 on April 6 of this year in the face of the memecoin fever, Solana has proven to be the fastest big blockchain. As a result, Solana is now 46 times faster than Ethereum and over five times faster than Polygon, the Ethereum scaling solution with the greatest TPS. This remarkable achievement underscores Solana’s technological prowess and its capacity to handle high transaction volumes efficiently. The network’s ability to maintain such speed during peak demand periods, like the recent memecoin craze, highlights its robustness and scalability. This performance advantage not only enhances user experience by minimizing delays and lowering transaction costs but also positions Solana as a formidable competitor in the blockchain ecosystem. Featured image from National Geographic, chart from TradingView

The cryptocurrency market has been shaken by turbulence over the past year, but Bitcoin is now staging a remarkable comeback, breaking past the $67,000 mark for the first time since late 2023. This unexpected surge has electrified the Bitcoin community, sparking widespread optimism and a sense of renewed hope among investors. Confidence In Bitcoin High The collective mood of the Bitcoin community, as measured by Santiment’s “Weighted Sentiment” metric, has reached its most bullish level since the SEC’s landmark approval of Bitcoin spot ETFs in late 2023. That pivotal regulatory move had significantly bolstered confidence in the cryptocurrency’s legitimacy and legitimized it as an investable asset class. Social media platforms are now abuzz with enthusiastic discussions as Bitcoin enthusiasts express excitement about the cryptocurrency’s potential. Many are drawing parallels to the last major bull run in 2021, when Bitcoin reached its all-time high of over $68,000. Cautionary Notes Amidst The Enthusiasm While the Bitcoin community celebrates this latest achievement, seasoned analysts are urging investors to tread carefully and avoid the pitfalls of impulsive decision-making. Cryptocurrency markets are notoriously volatile, and Bitcoin’s price history is filled with dramatic ups and downs. Bitcoin’s recent resurgence also coincides with a broader upswing in traditional markets, raising questions about the extent to which the cryptocurrency’s performance is intertwined with the wider financial ecosystem. A potential downturn in the stock market, for example, could negatively impact Bitcoin’s momentum as investors shift their funds accordingly. Managing FOMO, Maintaining A Long-Term Perspective As Bitcoin’s price climbs, so too does the risk of FOMO – the fear of missing out. This psychological phenomenon can drive investors to make impulsive decisions, fearing they’ll miss out on significant gains. The resurgence of Bitcoin has reinvigorated the cryptocurrency community, but seasoned investors know that the road ahead may not be smooth sailing. Extreme bullish sentiment can sometimes act as a contrarian indicator, suggesting that the market might be nearing a peak. Meanwhile, market volatility remains a constant concern, capable of triggering significant price swings at any moment. Moreover, regulatory scrutiny looms large, with governments worldwide grappling to establish frameworks that balance innovation with investor protection. At the time of writing, Bitcoin was trading at $67,096, down a measly 0.2% in the last 24 hours, but managed to sustain a 10.0% rally in the last seven days, data from Coingecko shows. Featured image from iStock, chart from TradingView

New crypto projects have generated as much anticipation and excitement as Retik Finance (RETIK). With its launch scheduled for May 21, and subsequent exchange listings expected on the same day, Retik Finance is poised to make a significant impact on the DeFi landscape. Anticipation is running high, with many analysts and investors predicting a potential 20X increase in RETIK’s value following its exchange listings. Let us delve into the factors driving this bullish sentiment, examine Retik Finance’s unique value proposition, and explore the potential implications of its imminent listing on exchanges. Retik Finance (RETIK) Retik Finance has positioned itself as a DeFi giant, aiming to redefine global transactions through a suite of innovative products and services. At its core, Retik Finance offers futuristic DeFi debit cards, a smart crypto payment gateway, AI-powered peer-to-peer (P2P) lending, and a multi-chain non-custodial highly secured DeFi wallet. These offerings address critical pain points in traditional finance while leveraging blockchain technology and decentralization to enhance accessibility, security, and efficiency. Retik Finance (RETIK) to Skyrocket 20X The expectation of a 20X increase in Retik Finance’s value following its exchange listings stems from several factors: The anticipation surrounding Retik Finance’s launch and exchange listings has generated significant demand from investors seeking exposure to the project. As excitement builds and more investors look to acquire RETIK tokens, the increased demand could drive up the token’s price substantially. Exchange listings provide liquidity and accessibility to investors, making it easier for them to buy and sell RETIK tokens. With Retik Finance expected to be listed on multiple exchanges simultaneously, investors will have more options to trade the token, further increasing liquidity and potentially driving up its price. Positive sentiment surrounding Retik Finance’s innovative offerings, experienced team, and ambitious vision has contributed to bullish expectations among investors. As more investors express confidence in the project’s potential, it could lead to a self-fulfilling prophecy of price appreciation. The broader growth of the DeFi market presents a favorable backdrop for Retik Finance’s potential surge. As the adoption of DeFi solutions continues to expand globally, projects with innovative features and strong fundamentals like Retik Finance are well-positioned to capitalize on this trend. Furthermore, the expectation of Retik Finance skyrocketing 20X following its exchange listings on May 21 reflects the bullish sentiment surrounding the project. However, investors should approach this opportunity with caution and conduct thorough due diligence before making investment decisions. While Retik Finance’s innovative offerings and strong market demand position it for potential growth, investing in cryptocurrencies carries inherent risks, and there are no guarantees of returns. As Retik Finance prepares for its much-anticipated launch and exchange listings, investors are eagerly watching to see if it can deliver on the bullish expectations and emerge as a leading player in the DeFi space. About Retik Finance Retik Finance (RETIK) is a cutting-edge decentralized finance (DeFi) project revolutionizing global transactions with its innovative suite of financial solutions. Introducing futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Twitter: www.twitter.com/retikfinance Telegram: www.t.me/retikfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Despite a recent surge in activity from large investors, often referred to as “whales,” the price of Toncoin (TON) appears headed for choppier waters. This comes as analysts raise concerns about the cryptocurrency’s weakening technical indicators and its potential breach of a key support level. Whales Make A Splash, But Can They Save The Day? In a recent report, Joao Wedson, a crypto analyst at CryptoQuant, observed a significant spike in whale activity on the Toncoin network. Transactions exceeding 100,000 TON (roughly equivalent to $645,000 at current prices) surpassed a staggering $1 billion in the past few weeks. This indicates that major holders have been actively moving large amounts of TON, but the purpose behind these movements remains unclear. While the whales are certainly making a splash, Wedson said it’s not necessarily translating to smooth sailing for TON’s price. He pointed out that while large transactions dominate the network’s volume (over 50%), their impact on the price seems negligible. Conversely, smaller transactions, although constituting the majority of overall activity, contribute a much smaller share of the total volume. Technical Indicators Flash Red Toncoin’s price has been exhibiting signs of weakness despite the influx of whale activity. Notably, TON recently dipped below its 20-day Exponential Moving Average (EMA), a technical indicator used to gauge short-term trends. This suggests that the average price of TON over the past 20 days has been on a downward slope, signifying a shift towards selling pressure. Adding to the bearish sentiment is the imminent crossover of the Moving Average Convergence Divergence (MACD) indicator. The MACD line appears poised to fall below its signal line, which traditionally indicates a loss of upward momentum and a potential price decline. These technical indicators are flashing red flags for TON. If the price breaches the lower line of its ascending channel, which has been acting as a support level, a drop to $5.70 is a distinct possibility. Is This A Buying Opportunity Or A Sinking Ship? The current situation surrounding Toncoin presents a conundrum for investors. The substantial whale activity hints at potential bullish interest, but the technical indicators paint a bleak picture. The key question remains: are the whales accumulating or distributing? If they’re accumulating, this could be a buying opportunity before the price rebounds. However, if they’re selling off their holdings, it could be a sign of a distressed ship. Featured image from Vikks/Shutterstock, chart from TradingView

In cryptocurrency’s dynamic and ever-changing environment, new challengers arise regularly, each seeking a piece of the market pie. Among these rising businesses, Retik Finance (RETIK) has piqued the interest of investors and analysts alike, establishing itself as a strong competitor to established heavyweights such as Solana. This is due to Retik Finance’s ground-shaking traits in DeFi and its announcement of the Launch date as May 21st. This earned Retik Finance the position of a must-buy coin of 2024. RETIK’s Launch Date Announcement Retik Finance (RETIK), whose much-awaited launch is slated for May 21, 2024, is set to create a stir in the cryptocurrency space. Its possibility for enormous gains makes it a must-buy coin in 2024. The expert who made this audacious forecast is well-known for having a good eye for identifying winners in the cryptocurrency field, highlighting the substantial potential that Retik Finance offers astute investors. The crypto world is experiencing a frenzy of excitement and expectation as the launch date draws near. Retik Finance (RETIK), slated to launch on May 21 at 12 PM UTC, will be available on several exchanges and decentralized platforms, such as Uniswap. With a multi-platform listing strategy, RETIK tokens will have broad accessibility and liquidity right away, paving the way for a vibrant and much-awaited market launch. There is legitimate excitement in the cryptocurrency community about Retik Finance’s impending debut. What Retik Finance (RETIK) has to offer Retik Finance (RETIK) symbolizes a paradigm change in our understanding of decentralized finance, not merely a new player in the cryptocurrency space. Retik Finance is positioned to reinvent the future of finance and provide excellent returns for investors who take advantage of the opportunity to join the adventure from the beginning, thanks to its disruptive vision, inventive solutions, and unparalleled development potential. With its cutting-edge suite of technologies intended to transform the financial environment completely, the project aims to revolutionize decentralized finance (DeFi). Retik Finance seeks to close the gap between traditional finance and the digital world by allowing customers to trade across both ecosystems via a range of products and services, including DeFi debit cards, smart payment gateways, and non-custodial wallets. In addition, Retik Finance (RETIK) dedication to security, openness, and community involvement has received high praise, which heightens excitement for its upcoming debut. Investors may feel secure knowing that Retik Finance complies with the strictest code quality and security requirements, according to a thorough assessment carried out by reputable blockchain security company Certik. The development potential of Retik Finance, however, may be its most alluring feature. RETIK’s Presale Success Story The RETIK token presale was an enormous success, exceeding all expectations and ending early. The presale success is marked as a result of the coin raising over $32 million in 75 days of the presale session. A 400% success rate in the presale indicates investors have great faith in the idea. The remarkable backing from the community underscores the possibilities of the Retik Finance idea. Retik Finance will use its social media platforms to publish the specifics of its token listing announcement and vesting schedule, which still need to be made public. Expert’s Choice of Investment Investors see Retik Finance (RETIK) as a viable investment prospect and are excited by the announcement of the company’s exchange listings. Due to their improved trading volume and liquidity, RETIK tokens can draw interest from institutional and individual investors. The positive market mood has been bolstered by the expectation around the exchange listings, which has increased demand for RETIK tokens and stoked conjecture about their potential price trajectory. Experts predict that Retik Finance (RETIK) will be a hugely profitable venture with an enormous return on investment, making it a must-buy coin for investors. By the end of 2024, RETIK tokens are expected to have surpassed even the most optimistic predictions for well-established cryptocurrencies, making their investors wealthy through astounding returns. Retik Finance’s optimistic outlook is based on its creative approach to DeFi, solid fundamentals, and a large ecosystem of products that make it a viable rival to Solana and other established companies in the field. Conclusion As the crypto world braces for Retik Finance’s much-anticipated launch, investors are eagerly positioning themselves to capitalize on this groundbreaking opportunity. With excitement building and anticipation mounting, Retik Finance is poised to make waves in the crypto sphere, offering investors the chance to ride the wave of innovation and potentially reap substantial rewards in the process. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Twitter: www.twitter.com/retikfinance Telegram: www.t.me/retikfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Zeebu has exceeded US$2 billion in total payment volume, marking a significant milestone in its journey as a leading blockchain-based payments platform. This achievement highlights Zeebu’s impressive growth trajectory and its influence in driving the adoption of decentralized financial solutions across the telecom industry. In just a few months following the launch of Zeebu’s on-chain settlement platform, the company impressively managed to settle thousands of invoices, rapidly progressing from an initial $1 billion to now surpassing $2 billion in transactions. This growth underscores the platform’s scalability and the robust demand for its services. Zeebu has become a pivotal player in blockchain-based settlements for the telecom sector, offering an instant payment and settlement solution that significantly reduces transaction times from days to minutes and cuts out intermediaries through the use of smart contract technology. The core of Zeebu’s innovation is the ZBU Token, which not only facilitates global transactions but also enhances participant engagement through a loyalty and rewards system. This tokenization strategy effectively tackles common financial hurdles like high fees, delays in remittance, and issues with currency exchange, making it an ideal solution for cross-border settlements. The platform’s usage has expanded substantially, with a growing number of telecom carriers and businesses leveraging Zeebu’s capabilities. As the platform evolves, Zeebu continues to attract new users who recognize its benefits, reinforcing its position as a trusted and leading payment platform in the market. The data from Zeebu’s dashboard reveals that the overall transaction volume on the platform has already crossed over $2 Billion. At the time of writing, the number of invoices settled stands at 32k+, with total users around 465. Some of the company’s achievements this year included two massive token burn events and participation in leading telecom and Web3 events across the globe. The first token burn occurred in February 2024, removing over 236 million ZBU tokens from circulation, accounting for more than 4.7% of the total supply. The second burn took place in May 2024, removing an additional 239 million ZBU tokens, reinforcing Zeebu’s commitment to a sustainable token ecosystem through its Phoenix Protocol, which automates and governs the burn process to ensure a balanced token supply. In addition to these token burns, Zeebu has actively expanded its presence by participating in and sponsoring major telecom and Web3 events across the Middle East, the Americas, and other regions. This strategic involvement has helped Zeebu establish a strong foothold in these markets and increase its brand visibility. To further raise awareness about Zeebu, the company partnered with CoinMarketCap and CoinGecko to host several campaigns. These efforts, coupled with listings on prominent exchanges, have significantly enhanced Zeebu’s market presence and credibility. Moreover, Zeebu released a major update to its Payment Service Provider (PSP) platform, introducing governance features that enable telecom merchants to transition from passive users to active participants in the ecosystem. This update enhances the overall user experience and fosters a more engaged community within the Zeebu platform. Raj Brahmbhatt, Founder and CEO of Zeebu, added, “This milestone is a significant leap forward in our journey, clearly aligning with our broader strategic goals. As the telecom industry increasingly embraces innovative payment solutions such as blockchain, our extensive experience and proven ability to provide exceptional user experiences and customized financial solutions uniquely position us to meet the growing demands of this dynamic sector.” Looking ahead, Zeebu is set to further enhance its services, expand its ecosystem, and transition towards a more decentralized and community-driven governance model. To learn more about Zeebu’s innovative platform, click here.

Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market. Bitcoin and other large-cap assets seem to be recovering well after a period of sluggish and frustrating price action. Notably, Fantom emerged as one of the best performers in the cryptocurrency market over the past week, posting a substantial 26% price increase in the last seven days. The Layer 1 token has particularly been on a hot streak in the past day, soaring by 15%. The Catalyst Behind The Latest FTM Surge The much-awaited Sonic upgrade has been critical to the turnaround the Fantom price has witnessed in the past few months. Sonic is expected to improve Fantom’s technology stack and introduce major scalability enhancements without a disruptive hard fork. Most recently, the Fantom Foundation unveiled the details of the upcoming layer-1 chain Sonic Network. According to the blog post, the new blockchain network will be connected to and be able to tap into vast amounts of liquidity, users, and protocols from “Ethereum and beyond” via a native layer-2 bridge. As disclosed previously, the Sonic Network is expected to go live alongside a new token, with the ticker S. In the latest memo, the project revealed that FTM token holders will be able to migrate Sonic’s token at a 1:1 ratio, depending on the results of a governance vote. The Fantom Foundation said in its latest blog post: The project noted that the supply of the new S token will match that of FTM to facilitate the token migration process after the Sonic chain launch. It is worth mentioning that the Fantom price experienced a significant surge following this update on the Sonic Network on May 17. Fantom Price At A Glance As of this writing, the Fantom price is around $0.908, reflecting an almost 15% increase in the past 24 hours.

As the cryptocurrency world navigates through the complexities of the Coinbase lawsuit and fluctuating market conditions, TRON has maintained a steady growth trajectory. Amidst these market dynamics, BlockDAG has made significant headway, highlighted by its prominent display at Piccadilly Circus and recognition as a top mining platform. With over $27.7 million raised in its presale and an additional $2.5 million from mining equipment sales, BlockDAG is gearing up for an earlier-than-expected mainnet launch, targeting a substantial increase in its valuation to $10 by 2025, establishing itself as a leader in crypto innovation and potential. Coinbase Navigates Legal Challenges Despite Financial Growth Coinbase is currently dealing with a notable lawsuit as new legal challenges surface from plaintiffs in California and Florida. The lawsuit claims that Coinbase’s sale of digital assets might violate state securities laws, as these operations could be considered illegal under existing regulations. Despite these legal issues, Coinbase has shown financial resilience, reporting a remarkable $1.6 billion in revenue and $1.2 billion in net income for the first quarter of 2024. This financial strength, bolstered by a robust market performance and the launch of Bitcoin spot ETFs, demonstrates the company’s capacity to thrive amid legal scrutiny. TRON Continues to Exhibit Stability in a Volatile Market Amid daily market volatility, TRON has demonstrated slight yet consistent growth, currently priced at $0.1218. With a stable market capitalization of $10.66 billion and a trading volume of $199 million, TRON is solidifying its position in the competitive cryptocurrency arena, maintaining active market participation even during minor downturns. The market remains cautiously positive about TRON’s future, as it experiences minor price variations between $0.1210 and $0.1220. This stability, backed by a committed community and strategic long-term plans, sets the stage for potential future gains, avoiding excessive speculation. BlockDAG Leads London’s Crypto Scene with Impressive Presale Results BlockDAG’s presale continues to excel, surpassing $27.7 million, with its 13th batch priced attractively at $0.008. Due to the presale’s exceptional growth potential, market analysts are optimistic about its future, forecasting a price of $10 by 2025. The success extends to BlockDAG’s mining sales, which have generated $2.5 million from over 5,500 units sold, affirming its status as a top player in the crypto-mining industry. This accomplishment underscores BlockDAG’s dominance and the high returns it promises to its investors. BlockDAG’s visibility was significantly boosted by its impactful exhibit at Piccadilly Circus, enhancing public recognition and enthusiasm for its offerings. With an updated roadmap accelerating its mainnet launch by four months, investor confidence in BlockDAG has soared, pushing the presale forward at an impressive rate. In contrast to competitors like Coinbase, which faces legal uncertainties, BlockDAG stands out as a stable and promising entity in the cryptocurrency sector. Its strategic advancements and strong performance position it as an attractive investment for those looking to capitalize on the booming crypto market, especially for those seeking substantial returns from top-tier crypto mining solutions. Concluding Thoughts Amidst ongoing legal and market challenges faced by entities like Coinbase and the steady growth of TRON, BlockDAG distinguishes itself as the primary focus. With remarkable presale achievements and recognition as a leading mining platform, alongside the anticipation of an early mainnet rollout, BlockDAG sets a high standard in the crypto world. With over $27.7 million in presales and $2.5 million from mining sales, BlockDAG is well on its way to reaching a $10 target by 2025, marking it as a promising investment in the evolving cryptocurrency habitat. Join BlockDAG Now! Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Popular crypto analyst Michaël van de Poppe continues to back altcoins to put up a spectacular bullish performance in the coming months. In a new X post on Saturday, the veteran analyst takes a deeper dive explaining the reasons behind his advocacy for altcoins investment ahead of a highly expected crypto bull run. Investing In Altcoins Is The Best, Analyst Says Why In his most recent bullish prediction on altcoins, van de Poppe begins by stating these tokens may not present as the most ideal investment especially considering that their combined value is down by 70% against Bitcoin in the last three months. The analyst has attributed this poor performance to several factors including a delay in network updates and an extended bear market. In addition, van de Poppe also notes Ethereum’s current struggles to be a significant contributor to this market downturn. He explains that typically the crypto bullish hype moves from Bitcoin to Ethereum, followed by tokens with big market cap, then middle-cap tokens and small-cap tokens. However, this cycle appears to be experiencing some delay due to a bearish cloud over Ethereum, driven by uncertainty over the approval of a proposed spot exchange-traded fund (ETF) as well as its asset class. Nevertheless, van de Poppe believes this delay to be quite temporary as he postulates that market traders are currently pricing in any potential negative effect from the denial of an Ethereum Spot ETF or the classification of the prominent altcoin as a security. Once Ethereum embarks on a bullish course, van de Poppe predicts other altcoins to follow suit. The analyst projects that certain tokens could record a 1000% gain as seen between October 2023-February 2024, amid the hype around Bitcoin spot ETFs. However, the analyst nudges investors to buy into the altcoin market now during the period of “lowest confidence”. He believes such an act is similar to investing in Bitcoin at $3,700 at the start of 2020, thus ensuring investors generate maximum profits in the coming bull run. Ethereum ETF Approval In The Balance As weeks continue to progress, the approval of an Ethereum spot ETF by the US Securities and Exchange Commission (SEC) appears highly uncertain. This sentiment is driven by the Commission’s ongoing deliberation on whether to classify Ethereum as a security as well as a lack of dialogue between the agency and prospective issuers. The next deadline dates are for May 23/May 24, during which the SEC will respond to 2 ETF applications with many analysts expecting further delays from the Commission. At the time of writing, Ethereum trades at around $3,123.39 reflecting a 0.53% increase in the last day.

Analysts in the crypto space play a crucial role in deciphering the market’s complexities, providing valuable insights that help investors navigate the volatile landscape. They scrutinize market trends, technical indicators, and fundamental analysis to make informed predictions about cryptocurrencies’ performance. Also, a bull move signifies a substantial and sustained uptrend in the price of a particular digital asset over a defined period. Bull moves can be triggered by many factors, ranging from positive news developments and increased adoption to regulatory clarity and favorable market conditions. When these elements converge, they can fuel a significant surge in a cryptocurrency’s value, leading to substantial gains for investors who enter positions at the right time. Retik Finance (RETIK): The Shiba Inu (SHIB) Competitor Making Waves Amidst the current cryptocurrency landscape, Retik Finance (RETIK) has emerged as a compelling competitor to trending tokens like Shiba Inu (SHIB). Retik Finance is not merely another cryptocurrency; it represents an ambitious platform seeking to revolutionize the financial industry through decentralized finance (DeFi) solutions. With its comprehensive ecosystem, Retik Finance (RETIK) aims to bridge the gap between traditional finance and the world of cryptocurrencies, offering users a seamless integration of digital and fiat-based financial services. The anticipation surrounding Retik Finance’s impending launch on May 21, 2024, has propelled it into the spotlight, with investors eagerly awaiting its debut on both decentralized and centralized exchanges. The platform’s innovative features, including DeFi Debit Cards and Retik Pay, offer users unprecedented flexibility and convenience in managing their digital assets and engaging in decentralized finance activities. Furthermore, Retik Finance’s commitment to decentralization and financial empowerment resonates strongly with the ethos of the cryptocurrency community, further fueling its upward trajectory. Analyst’s Bull Move Prediction The platform’s presale event, which raised over $32 million, underscored investors’ confidence in Retik Finance’s vision and technology. With its listing price set at $0.15 and the anticipated launch date set to May 21, RETIK is poised for significant growth and adoption in the coming months. This anticipation is further fueled by the predictions of a top crypto analyst, who forecasts a staggering 3000% bull move for RETIK shortly. Given the innovative nature of its platform and the significant interest it has already garnered from investors, many are pondering whether now is the opportune time to buy RETIK tokens. Is It Time to Buy RETIK? With bullish predictions from top analysts and the imminent launch of Retik Finance, many investors are contemplating whether now is the right time to buy RETIK tokens. While investing in cryptocurrencies always carries inherent risks, the potential for substantial gains in Retik Finance (RETIK) cannot be ignored, making it the right time to invest in the token. The platform’s innovative solutions and the broader trend toward decentralized finance position RETIK as a promising investment opportunity in the cryptocurrency market. However, as with any investment, investors must conduct thorough research, assess their risk tolerance, and consider their investment objectives before making any decisions. Ultimately, for those bullish on the future of decentralized finance and seeking exposure to potential high-growth opportunities, RETIK may indeed warrant consideration in their investment portfolios. As Retik Finance (RETIK) prepares to make its mark on the cryptocurrency landscape, investors must weigh the potential rewards against the inherent risks associated with investing in emerging technologies and digital assets. While Retik Finance (RETIK) ‘s future trajectory remains uncertain, its disruptive potential and innovative solutions underscore the transformative power of decentralized finance. For those willing to embrace the opportunities and challenges of the cryptocurrency market, Retik Finance (RETIK) may represent a compelling investment opportunity in the journey towards financial empowerment and decentralization. Conclusion The cryptocurrency market continues to be a dynamic and ever-evolving landscape, marked by volatility, innovation, and opportunities for substantial gains. As investors navigate this space’s complexities, top analysts’ predictions and insights play a pivotal role in shaping market sentiment and influencing investment decisions. With a top analyst forecasting a 3000% bull move for Retik Finance (RETIK), the cryptocurrency community is abuzz with anticipation and speculation. Retik Finance’s innovative approach to decentralized finance and its impending launch and comprehensive ecosystem position it as a formidable competitor in the cryptocurrency market. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Twitter: www.twitter.com/retikfinance Telegram: www.t.me/retikfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

The chief information officer of BlackRock said the CPI data included “encouraging things.” The fixed income market was portrayed in a more comprehensive light by him. The financial markets were elated by the announcement of the U.S. Consumer Price Index (CPI) statistics this week. It seemed like inflationary pressures could be receding. The report prompted a strong reaction from BlackRock’s Chief Investment Officer (CIO) of Global Fixed Income and Head of Global Asset Allocation, Rick Rieder. The chief information officer of BlackRock said the report included “encouraging things.” This scenario is especially concerning in light of the consistently high inflation rates seen over the last few months. A ray of optimism was also pointed up by Rieder in the most recent CPI report. According to a Bloomberg report, he said that there were some positive aspects in the CPI data. Furthermore, he stressed that the data contradicts a concerning pattern of consecutively increasing numbers for three months. This outlook emphasizes a cautious confidence that inflation may be slowly slowing down. Golden Era of Fixed Income The scope of Rieder’s research, however, goes beyond the CPI numbers itself. The fixed income market was portrayed in a more comprehensive light by him. The chief investment officer of BlackRock has speculated that the United States may soon enter “the golden era of fixed income.” Not because rates are going down, he said, but because it is possible to create a substantial yield in a portfolio. Crypto investors had been anticipating a Fed rate decrease, but according to the BlackRock CIO, that is not going to happen. The allure of fixed income investments is highlighted by this viewpoint in light of the present economic situation. Therefore, even with the possibility of persistent high-interest rates, larger returns may still be achieved. Highlighted Crypto News Today: Cardano (ADA) Price Surges to $0.49, Bullish Turnaround?