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?

Crypto expert Michaël van de Poppe recently revealed that he had sold all his Bitcoin and rotated his capital to altcoins. The analyst explained the reason for this move and remarked that he was doing this to acquire more of the flagship crypto later on. Why This Analyst Swapped His Bitcoin For Altcoins In an X (formerly Twitter) post, Van de Poppe explained that altcoins have been “crushed unreasonably hard.” As such, he believes things can only improve from here on, noting that the “upside (for these altcoins) can’t be denied.” Based on his explanation, the analyst suggested that these altcoins will likely outperform Bitcoin from here on as the flagship crypto already had its moment before the halving when crypto natives swapped their altcoins for Bitcoin. Before now, Van de Poppe had already predicted that altcoins would make a bounce in their Bitcoin pairs post-halving. He also mentioned back then that there would be a narrative shift to Ethereum. More recently, he indicated that the news around the Spot Ethereum ETF would trigger a rally for Ethereum and other altcoins. While explaining his decision to swap his Bitcoins, he again touched on this and hinted that Ethereum would be integral to any move these altcoins make. Van de Poppe claimed everyone expects the worst, that the Spot Ethereum ETF applications will be denied because the SEC considers the crypto token a security. Therefore, he believes the market is already priced in accordingly and can only recover from here on, even if the SEC eventually rejects the applications. The crypto analyst further claimed that the markets could make a “significant U-turn” if the news ends up being slightly better than a rejection. He also highlighted other developments that could help trigger this move. One is the FIT21 bill, which the House will soon vote on. This bill is expected to provide regulatory clarity for digital assets in the United States. Van de Poppe also noted that the SEC’s lawsuit against Ripple is coming to a “final stage” and predicts that the crypto firm will likely secure a final victory, which could also help provide a major boost for these altcoins. Meanwhile, he expects that Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) will be “massive,” with traditional companies transitioning into the Web3 ecosystem. As such, Van de Poppe urged his followers to “allocate” themselves if they wanted to “make a large return.” Van De Poppe’s Big Bet It is worth noting that Van de Poppe’s decision to swap his Bitcoins for altcoins isn’t an end in itself but a means to an end. The crypto expert hopes to make a return of 300% to 900% on his investment in the coming six to twelve months. Van de Poppe hinted that he would rotate his capital back to Bitcoin after this period and predicted that he could make another 300% to 600% return on his investment as long as Bitcoin stabilizes. He warned of the risk of taking such a bet, revealing that he is currently down around 20% on his overall investment. He also remarked that he could still post more losses on his investment, considering these altcoins could still experience further declines from their current price levels. However, Van de Poppe added that he is fine with whatever the outcome of his investment is. Again, he reaffirmed that he is “happily allocating” his entire capital towards altcoins and concluded by stating that the bull cycle will be “glorious.”

According to Buterin, Ethereum does not censor its users or the general public on any subject. The co-founder of Ethereum is incessant in praising the ecosystem’s potential. Vitalik Buterin, a pioneer in the cryptocurrency sector, praised one of Ethereum’s strengths on Saturday in a X post. The co-founder of Ethereum values the fact that free expression is not stifled inside the Ethereum ecosystem. Moreover, according to Buterin, Ethereum does not censor its users or the general public on any subject. Buterin made it clear that certain sects take the idea of “open discourse” seriously, even if it may not mean anything to some of them. Significantly, Vitalik’s comment seems to imply that he may have found a pattern across ecosystems for digital assets, but it does not seem to directly attack any protocol. Seems like there are a few self-proclaimed top developers that are ignoring the feedback from their community or “smaller” devs. The position of Vitalik Buterin on the issue of free expression and Ethereum’s role in establishing it is reflected in his statement. Revolutionary Plan The co-founder of Ethereum is incessant in praising the ecosystem’s potential and how it outperforms competitors. He has revealed a revolutionary plan to fix the Ethereum network’s most serious problems. The idea of “Multidimensional Gas Pricing,” put up by Buterin in one of his pieces, aims to completely revamp the way network resources are managed. By assigning distinct prices to various Ethereum resources, he argues, the platform may improve efficiency and scalability. He recognizes this expansion’s potential to provide the groundwork for a more stable and long-term network architecture. This came after Buterin asked for the addition of quantum resistance to Ethereum, a new proposal that would make the protocol’s smart contract push more sustainable in the long run. Highlighted Crypto News Today: Cardano (ADA) Price Surges to $0.49, Bullish Turnaround?

A Kraken spokesperson has said that the exchange would continue to support Tether. Other exchanges have taken bold measures in reaction to legislative changes in the EU. Crypto exchange Kraken, has officially denied plans to delist Tether (USDT) in Europe. The news comes as concerns about the reliability and compliance with regulations of popular stablecoins like Tether (USDT) are growing in the cryptocurrency world. Investor mood and market dynamics are affected by Kraken’s position on the topic, which is significant for the whole crypto ecosystem as regulatory scrutiny rises. A Kraken spokesperson has said that the exchange would continue to support Tether and its related trading pairs in Europe. The exchange made it clear that they have no intentions to delist Tether or modify their USDT trading pairings at this time. Stringent Compliance Norms This announcement contradicts earlier reports that said Kraken was considering discontinuing support for Tether’s USDT stablecoin in the EU as a result of changing regulatory frameworks, namely the planned Markets in Crypto-Assets (MiCA) law. In order to best serve its European customers, Kraken has decided to strategically prioritize EUR liquidity, which may include withdrawing support for USDT in Europe. Other exchanges, including OKX, have taken such measures in reaction to legislative changes impacting USDT operation in the EU, thus this move is in line with industry trends. The purchase of TradeStation Crypto by Kraken, the digital assets division of TradeStation Group under Monex Group, placed the company on a path of regulatory growth. By taking this strategic step, Kraken is demonstrating its will to strengthen its position in the US market and comply with relevant regulations. A representative from Kraken was optimistic about the acquisition’s ability to spur further growth and open doors to new product possibilities in the American market. Highlighted Crypto News Today: Spot Bitcoin ETFs Thrives Back as May Inflows Offset April Outflows

The report states that 518 deals totaling $2.3 billion were closed in the first quarter of this year. Investments increased by 40.3% over the previous quarter, according to this report. Fundraising in the cryptocurrency market reached $2.4 billion in the first quarter of 2024, thanks to a shift in market mood and fresh inflows. According to a recent PitchBook analysis, the cryptocurrency sector saw a huge increase in investment numbers quarter-on-quarter. The bull market in Q1, during which cryptocurrency values reached levels not seen in months, was the primary driver of the increase in investment. Following the SEC’s approval of spot Bitcoin ETFs, a slew of institutional investors poured money into the cryptocurrency market. Investors flocked to the market with the price of Bitcoin reaching a new ATH of around $73,000. More venture capital funds were active throughout this bull run as well. Substantial Growth The report states that 518 deals totaling $2.3 billion were closed in the first quarter of this year within the industry. Investments increased by 40.3% over the previous quarter, according to this report. Taking into account the increased on-chain activities seen in Q4 2023, this is a massive jump forward. There was a 44.7% rise in deal volume or transaction number in the previous quarter. Due to the increase in asset values, market valuations went high this year. The experts at PitchBook anticipate an increase in investment activity throughout the year. A crypto firm called Zama, which produces fully homomorphic encryption (FHE), received $73 million in fundraising, while EigenLayer, received $100 million in Series B funding, according to the report. But with $106 million, Together AI became the biggest deal of the quarter, boosting its valuation to $1.1 billion. As more and more institutions began to engage in the cryptocurrency sector, deal after deal brought increasing values for various companies. Highlighted Crypto News Today: Solana Price Witnesses an Upsurge, Reaching a Five-Week High!

BNB Chain has launched the second chapter of its Airdrop Alliance, introducing new rewards and quests. Meanwhile, the XRP price shows an upward trend, even amid ongoing legal issues and significant token transfers. In this dynamic crypto landscape, BlockDAG is emerging as the best crypto for payments, thanks to its revamped dashboard that enhances user experience and investor trust. With $27.7 million raised in presales, BlockDAG’s advanced features, such as the latest announcements, wallet monitoring, and leaderboard previews, set it apart. Currently priced at $0.0075, BlockDAG is poised for further growth, making it a standout investment opportunity. BNB Chain Launches New Airdrop Alliance Phase BNB Chain has launched the second chapter of its Airdrop Alliance, offering unique rewards and quests. This phase brings new opportunities from BNB Chain’s esteemed partners. As part of “BNB Chain Fusion,” the network is transitioning to migrate the BNB Beacon Chain’s functionalities to BNB Smart Chain (BSC), aiming to enhance efficiency and security. To participate in the airdrop, users must stake at least 1 BNB on BSC or use the Stake Migration tool to migrate BNB tokens from the Beacon Chain to BSC. This effort aligns with BNB Chain’s vision for streamlined architecture and future growth. Ripple CFO Supports Motion to Seal Amid XRP Activity Ripple’s CFO, Jonathan Bilich, has filed a declaration to support Ripple’s motion to seal documents related to the SEC’s Motion for Judgement and Remedies. This move follows the transfer of 280 million XRP tokens through Ripple and a centralized exchange, highlighted by lawyer James K. Filan. Blockchain tracker Whale Alert reported that nearly 280 million XRP was moved between unknown addresses and Bitstamp. Notably, XRP whale Rzn transferred 29.97 million XRP to Bitstamp. Despite the ongoing legal issues, the XRP price has shown an upward trend, with increased open interest and trading activity. BlockDAG Presale Surges to $27.7M: Investors Eye Top Gains BlockDAG’s presale is making waves in 2024, rapidly crossing the $27.7 million mark. To keep up with the competition and maintain investor trust, BlockDAG has revamped its dashboard, offering enhanced features and accessibility. The latest announcements greet users immediately upon entering, and a notification tab ensures they stay informed. This streamlined experience makes BlockDAG the best crypto for payments and investments. Investors now have access to a dedicated wallet on the dashboard to monitor their purchases, balances, and miners. Adding to the excitement, BlockDAG introduced a leaderboard preview, displaying the top 30 investors with the highest purchases. This ranking system motivates investors to aim for the top, with a minimum purchase of $50,000 needed to become a “crypto whale.” The revamped dashboard also includes a last transaction preview, showing the status, stage, time, and amount spent on purchases. This feature ensures transparency and allows users to keep track of their spending. BlockDAG’s referral program is now more user-friendly, with a preview of referral earnings and purchases, further enhancing investor trust and engagement. BlockDAG is not only excelling in presales but also booming in the mining industry with top-notch mining rigs, including the X10. The X10 is a marvel of compact, efficient cryptocurrency mining, capable of mining up to 200 BDAG daily with its 100 MH/s hash rate. If you haven’t invested in BlockDAG yet, now is the time, with the current price of $0.0075 set to surge in upcoming batches. The Bottom Line While BNB Chain launches its new Airdrop Alliance phase and XRP price trends upward amid legal challenges, BlockDAG stands out with its $27.7 million presale and updated dashboard. As the best crypto for payments, BlockDAG offers advanced features and a user-friendly experience, making it an attractive investment. With its current price at $0.0075, BlockDAG presents a compelling opportunity in the competitive crypto presale market. Join BlockDAG 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 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.

Floki Inu (FLOKI), the Shiba Inu-inspired memecoin, has rocketed into the spotlight with a surge in trading activity and a nearly 20% price increase in the past week. However, experts caution that this “pup-ularity” might be short-lived, fueled more by hype than by strong foundations. Open Interest Takes Off: Newcomers Flock To FLOKI The key indicator driving excitement is the skyrocketing Futures Open Interest for FLOKI. According to Coinglass, this figure, which reflects the number of outstanding futures contracts, has climbed a staggering 110% since May 1st, reaching a 30-day high of nearly $20 million. This suggests a surge of new market participants entering FLOKI positions, potentially anticipating further price increases. Adding fuel to the fire is the significant rise in FLOKI’s daily trading volume. On May 15th, Santiment reported a daily volume exceeding $1 billion, marking the highest level for FLOKI since late March. This intense buying activity indicates a surge in investor interest, pushing the price upwards. Momentum Indicators Point To A Bullish Charge Further bolstering the case for a bullish FLOKI is the behavior of its key momentum indicators. Both the Relative Strength Index (RSI) and the Money Flow Index (MFI) currently sit comfortably above their neutral lines, at 62.68 and 65.37 respectively. In simpler terms, these metrics suggest that the price momentum leans towards further gains in the short term. Also, the broader market sentiment surrounding FLOKI is notably positive. Increased trading volumes and a surge in social media mentions have amplified investor interest, suggesting that the cryptocurrency is gaining traction not just among retail traders but also institutional investors. Recent partnerships and strategic developments within the FLOKI ecosystem are likely to fuel further growth. These factors, combined with the strong technical indicators, paint a promising picture for FLOKI’s near-term performance, potentially paving the way for substantial price appreciation. However, beneath the shiny exterior lies a potential cause for concern. The Chaikin Money Flow (CMF), an indicator that measures the buying and selling pressure of an asset, paints a rather bearish picture. Still In Negative Zone Despite the price appreciation, FLOKI’s CMF remains firmly in negative territory, currently hovering around -0.11. This suggests that even though the price is rising, the buying pressure might be weakening. This divergence between price and buying pressure is often seen as a sign of a potential reversal, indicating a rally driven by short-term speculation rather than long-term investor confidence. While FLOKI’s recent performance is undeniably impressive, the underlying factors suggest a potentially volatile future. The surge in open interest and trading volume hints at a market frenzy, but the negative CMF raises concerns about the rally’s sustainability. Featured image from Floki, chart from TradingView

Cardano addresses holding a total of 2.71 billion tokens have now achieved break even. At the time of writing, ADA is trading at $0.48, down 0.38% in the last 24 hours. Cardano (ADA), has seen an incredible surge in value today. The ADA price has risen over $0.49 level due to the most recent spike. Therefore, after initially losing money due to the ongoing falls, Cardano addresses holding a total of 2.71 billion tokens have now achieved break even. Source: CoinMarketCap At the time of writing, ADA is trading at $0.48, down 0.38% in the last 24 hours as per data from CMC. Into The Block’s on-chain statistics show that Cardano addresses that bought ADA at $0.47 on average have finally managed break even. Consequently, these investments will provide a return if the market continues to increase. Moreover, if the price manages to hold above $0.46 level, then it will likely continue the positive momentum. ADA/BTC Bottomed Out? In addition, with the ADA/BTC just reaching rock bottom, experts believe Cardano is preparing for a rebound. Notable crypto expert Sebastian recently analyzed the market and pointed out several positive indicators for Cardano (ADA) relative to Bitcoin (BTC). The ADA/BTC chart seems to have bottomed out, suggesting a possible bullish turnaround, according to Sebastian. As per data from TradingView on Thursday, May 16, the pair touched a low of 0.00000680. A subsequent revival was seen by the ADA/BTC pair. To top it all off, it increased 0.28% to 0.00000723 in only 24 hours. In addition, the expert highlighted the existence of divergence that is optimistic. This technical signal is pointing to a possible easing of the downtrend and an impending rise in the price of Cardano. A key resistance level, established above 0.0000079, was highlighted by the analyst. For investors seeking to maximize gains, ADA is a strong contender if it can break above this barrier, according to Sebastian. This might ignite a prolonged surge. Highlighted Crypto News Today: Top Crypto Gainers of the Day: FLOKI, PEPE, and ETHENA

Cardano (ADA) whales are back in the picture, with recent data suggesting their confidence in the crypto token may have been revived. If so, this will be massive for ADA, which could experience significant price surges soon enough based on this development. Cardano Whales Add To Their Holdings The market intelligence platform IntoTheBlock recently revealed in an X (formerly Twitter) post that Cardano whales (who hold between 100 million and 1 billion ADA) have now added 11% to their balances over the past 30 days. These investors now hold 6.71% of Cardano’s total supply. This represents a bullish development for Cardano since whale accumulation usually suggests that these investors are positioning for a potential price surge. These whales also contribute to the price surge since buys of such magnitude could trigger a rally in the price of any crypto token. Besides the whales, retail investors are also heavily invested in Cardano. Data from IntoTheBlock shows that the bid-ask volume imbalance is bullish for ADA. Furthermore, the ‘In The Money’ metric has also turned bullish for Cardano, meaning that most of these investors are currently in profit. Generally, the confidence in the Cardano ecosystem is growing once again. Data from DeFiLlama shows that the Total Value Locked (TVL) on the network has increased by over 5% in the last seven days. Lately, there has also been a significant increase in Cardano’s trading volume, meaning users are actively trading on the network. Cardano’s Rally Is Imminent Crypto analyst World of Charts suggested that Cardano might soon experience a significant rally, noting that the crypto token’s breakout was already confirmed and moving toward the projected price targets. The analyst had previously predicted that a successful breakout would take Cardano’s price to $1 in the coming weeks. Crypto analyst Trend Rider also confirmed that Cardano is already witnessing a bullish reversal, highlighting the bounce the crypto token made after flashing a bullish signal on the daily chart. In the short term, the analyst expects ADA to climb back above $0.5 and added that Cardano will need to hold above $0.51 on the weekly to end the price correction and confirm a bullish continuation. Crypto analyst Dan Gambardello, the founder of Crypto Capital Venture, also provided insights into Cardano’s future trajectory. He noted that Cardano is currently breaking its 20-day moving average (MA), which the analyst claimed is a very “nice sign” for ADA. Gambardello pointed out on Cardano’s daily chart that the 50-day MA has crossed the 200-day MA, which likely means that the bottom is already in, and this is the lowest Cardano will go. This occurrence is referred to as a golden cross and is a bullish signal, indicating the beginning of an upward trend. Featured image from Pexels, chart from TradingView