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Crypto Magazine

Crypto & NFTs News & Market Insight.

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📣 DeFi DAO introduces permissionless listings with AI enhancement Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings. The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users.
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💰Morgan Creek Capital's CEO predicts baby boomers will invest $300bn in cryptocurrencies within a year due to Bitcoin ETFs, potentially raising the market cap to $6tn.
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Gentlemen, I want to tell you a little bit about a project like #SEI Sei Network is an open-source Level 1 (L1) blockchain that is built on the Cosmos technology stack. The network is focused on decentralized exchange trading. I think it is clear to everyone that the project's fundamentals are on top, so let's move on to analyzing the chart - after setting a global high at $1.1450, the asset started a prolonged corrective movement, taking place within the descending wedge. At the moment the price has come to a rather strong resistance zone at 0.6500-0.5780$, there is also the upper boundary of the wedge, which puts additional pressure on the asset. Taking into account all the above mentioned factors, I don't think that the price will manage to break the downtrend in the nearest future. Most likely it will be brought down to the lower boundary of the descending wedge, where it can get a reaction from the support zone (0.4849-0.4382$) and start to grow. Summarizing I would like to say the following - due to its fundamental the coin on the distance is an extremely promising asset, which very soon can be picked up at good discounts. Personally, I will do so!
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📣 AI-powered DeFi platform secures $10M investment with upcoming DAO NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits.
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#OP The price went perfectly along the arrow I drew. The signal to sell was given at the mark of 2.800$, it is important to gain courage and more closely follow the posts, where I advised to open a short position, and everyone could fix from 20 to 33% of the net movement! The asset tested my previously outlined bullish zone of interest at $1.927-1.611, removing the level with an ineffective price formation at $1.861, after the bulls instantly bought back the coin and fixed the price above the strong support zone at $2.305-2.136, which we may soon break through and go even lower. Due to such a deep correction, a beautiful upward channel was formed on the chart, which indicates a global buyer's interest. As I said before: The #OP should be viewed with optimism, so it would be a mistake to exclude the option of growth from the current marks. Unfortunately, slowly fading volumes indicate a possible continuation of the fall, but in fact it is not so terrible.In case of a breakdown of the lower boundary of the ascending channel and the formation of oversold on RSI I plan to buy back the asset.
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Perfect workout of the #BTC💰 The movement of the asset is exactly as it was described in the presented scenario - the growth up to the main support zone ($67534), as I assumed, did not cause any difficulties, but its overcoming turned out to be not a strong task for the price. At the moment BTC is already approaching the nearest support zone at 62988$ from which it is quite possible to see a reaction and the beginning of growth. Only liquidity located at the local lows of the asset is confusing. The wicks left by the price after the recent correction are too big and need overlapping. Taking into account the growing volumes of for sale, and the obvious pressure of sellers, the main inclination now is to continue the local decline. In case of support breakdown we will have to consider lower targets ~ $60800-59800 as targets. With the current situation on the market, we do not consider longs, it can be dangerous. Nevertheless, very soon the market may give us new favorable levels to set positions
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💰 Polygon leads in EVM efficiency as DeFi users favor low transaction costs Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from.
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💡💡💡: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services.
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#BAKE Let me start by saying that BAKE is an incredibly technical asset. Since the beginning of March, we have been moving in a descending trading channel, where we tested the global support zone around 0.3700-0.3386$. This range was later broken and is now acting as a global resistance level. After the spills, there was a test of the global support level around ~0.2100$, from which there was an immediate reaction. I would like to note that after the stabbing of this level we have been getting significant upside spurts throughout history. In the near future I expect continuation ofgrowth and formation of an ascending channel. The first target for us will be the value of 0.3800$, on the way to it the price will have to overcome a rather strong resistance zone at 0.3700-0.3386$. The main target is to update the local maximum of the asset, namely 0.5461$. Right in front of it there is an area of increased volume near $0.4517$, which will act as a significant obstacle. In case we break through this area, we will reach the main target very, very quickly.
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👀Buy Bitcoin sign shown behind Janet Yellen at a congressional testimony in 2017 sells for $1 Million at auction.
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