With the fourth Bitcoin (BTC) halving event looming, cryptocurrency enthusiasts and analysts are eagerly anticipating the potential impact on the market. BitMEX Research, the analytical branch of prominent crypto exchange BitMEX, has shed light on the distinctive aspects of this upcoming halving, setting the stage for heightened market scrutiny.

As the countdown to the halving event ticks away, BitMEX Research has unveiled key insights into what makes this particular halving unique. Unlike its predecessors, this halving will occur at a pivotal juncture in Bitcoin’s difficulty adjustment cycle, injecting a new layer of significance into the event. Traditionally, Bitcoin’s emission rate halves every 210,000 blocks, while mining difficulty adjustments occur every 2,016 blocks. 

As a reminder, this 4th halving will occur two thirds of the way through a difficulty adjustment period https://t.co/ImMO3mps7e

— BitMEX Research (@BitMEXResearch) April 19, 2024

However, the upcoming halving will coincide with a difficulty adjustment, marking a first in Bitcoin’s history and signaling potential shifts in the network’s dynamics.

Countdown to Bitcoin’s Fourth Halving: What to Expect

As anticipation builds for the fourth Bitcoin halving, scheduled to take place in approximately 10 hours, market observers are closely monitoring the implications for Bitcoin’s supply dynamics and price trajectory. Set to occur on April 20, 2024, at around 2:34 a.m (UTC), this halving event is poised to reduce Bitcoin’s emission rate by 50%, in line with the protocol’s four-year cycle.

Halvings are widely regarded as pivotal events in Bitcoin’s lifecycle, characterized by a reduction in the rate at which new coins are created. This scarcity mechanism has historically been viewed as a bullish catalyst for Bitcoin’s price, with proponents highlighting its role in reinforcing the cryptocurrency’s store of value narrative. 

Despite debates over the diminishing impact of halvings as the Bitcoin network matures, Bitwise CEO Hunter Horsley emphasizes the enduring significance of these events for Bitcoin’s tokenomics, underscoring their potential to shape the market landscape.

OG Labs, the earliest modular AI chain for dApps, has recently started an exclusive partnership. The company revealed that it has collaborated with Pond (an artificial intelligence-driven neural network) to provide exclusive features to the community members. In this respect, the platform discussed the Graphic Neural Network ecosystem of Pond.

0G is pleased to announce our partnership with @PondDiscoveriesPond's Graphic Neural Network (GNN) ecosystem requires a hyper-scalable data storage and data availability solution, fully interoperable with external AI models.Here's what this means for crypto x AI pic.twitter.com/QvJvNRA2ql

— 0G Labs (@0G_labs) April 19, 2024

OG Labs and AI-Driven Pond Collaborate to Offer Data Storage and AI-Model Compatibility

On its official account on X, the firm disclosed that Pond’s GNN ecosystem needs a hyper-scalable data availability solution. As per it, the solution also needs to offer data storage along with complete interoperability with other AI models. In addition to this, the company noted that the networks and the dApps have interconnected and complicated relationships with users.

The respective relationships are similar to the structures of neural networks. To deal with this, the GNNs play a significant role. These lie within the category of an unconventional AI model type of AI models. It reportedly comprises nodes (e.g. a wallet/user) and edges (denoting relationships). Artificial intelligence permits the analysis of the respective complicated relationships.

The Move Offers Many Exclusive Possibilities

This development paves the way for node classification, graph generation, graph classification, and link prediction. Though Pond possesses its separate models, others can reportedly develop their own. This can result in a merger for more optimization. This provides several possibilities such as SocialFi & Gaming, On-Chain Marketing, Security, Financial AI, and Price Predictions.

Some other things are the in-game action examination, recommendation engines, strange behavior detection, liquidity optimization, and sentiment analysis. Nonetheless, to turn this into reality, there is a requirement for a highly scalable infrastructure for data storage. At this point, OG jumps in and permits the storage and rapid retrieval of huge data amounts. OG operates for each Web2 data type, providing data with a very quick retrieval.

IQ.wiki, the biggest crypto and blockchain encyclopedia, has announced its latest collaboration. As per the firm, it is onboarding its IQ GPT Chatbot to the community of Ankr Network. Ankr is a Web3 infrastructure providing platform. The company sees this onboarding as a remarkable step for its further progress.

We're pleased to announce that the leading AI assistant for Crypto & Blockchain, IQ GPT Chatbot, has been onboarded to @ankr's community. pic.twitter.com/Pi9sPFKcXE

— IQ.wiki (@IQWIKI) April 19, 2024

IQ.wiki Onboards Its IQ GPT Project on Ankr Network

It stated that Ankr Network operates as a decentralized platform comprising nodes. It focuses on the provision of cost-effective and flexible links to blockchains. It additionally increases the accessibility of the worldwide cloud infrastructure to facilitate Web3 developers. Ankr runs a Web3 development center with instruments for developing decentralized applications and linking to more than forty-five blockchains.

Prominent customers such as Messari, Binance, Polygon, Optimism, Tencent Cloud, and Microsoft utilize the worldwide node infrastructure of Ankr. It enables them to use the platform’s worldwide node infrastructure to rapidly link to Web3 networks. The company added that Ankr processes a significant 2T blockchain requests per annum. This plays a crucial role in pushing a huge Web3 traffic portion.

The Development Provides Cost Efficiency to Stakers and Developers

This pushes the progress toward an additionally user-centric, open, and decentralized internet experience. According to IQ.wiki, Ankr works as a worldwide distributed firm that advances the decentralized internet with the use of DLT. This technology’s use permits it to explore the potential of computing power along with data-resource aggregation. Stakers and developers deploy the resources via cost-efficient data centers.

These facilities assist dApp development as well as deployment along with a balance staking. Apart from this, Ankr has launched a blockchain Neura that artificial intelligence (AI) has created. It gives access to several decentralized GPU-providing parties. This lets builders release and scale artificial intelligence with on-demand, affordable, and flexible compute.

Today’s market session has seen bulls regain control of today’s session as seen from the increase in the global market cap. The total cap stood at $2.35 as of press time representing a 4.5% increase in the last 24 hours while the trading volume also jumped by 13.7% to stand at $113.9 B as of the same period.

Bitcoin Price Review

Bitcoin (BTC) has started on a recovery session today as the crypto king posted some notable gains. Looking at an in-depth analysis, we notice that the Bollinger Bands indicate that Bitcoin was trading in a volatile range but has recently narrowed, suggesting a period of consolidation. The Relative Strength Index (RSI) is around 54, which is relatively neutral, neither overbought nor oversold.

The Bitcoin price is currently trading near the upper Bollinger Band, which, if it continues to move upward, could indicate resistance or a breakout. As of press time, the Bitcoin price stood at $64,700, representing a 3% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum (ETH) also made some notable gains in today’s session. The Ethereum price is below the Super Trend indicator line, signaling a bearish trend. The Money Flow Index (MFI) is at 60.47, indicating a neutral position but leaning towards being overbought.

On the other hand, the chart shows some resistance near the upper part of the cloud, which could become a pivotal level for either a reversal or breakout.  As of press time, the Ethereum price stood at $3,079, representing a 1.2% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Internet Computer Price Review

Internet Computer was another gainer in today’s session, posting notable gains. Looking at an in-depth analysis, the Alligator indicator suggests a possible end to a downtrend and a potential reversal, as the lines interweave.

The Volume Oscillator is slightly positive, indicating a marginal increase in buying volume. The Internet Computer price is currently hovering above the middle Alligator line, which might be a support. As of press time, the Internet Computer price stood at $13.77, representing an 11.6% increase from its previous 24-hour price.

4-hour ICP/USDT Chart | Source: TradingView Pundi X Price Review

Pundi X (PUNDI) is also among the gainers today, posting some notable gains in today’s session. The Ichimoku Cloud is above the Pundi X price, indicating a bearish trend with resistance above. The Pundi X price is slightly uptrend but needs to break above the Ichimoku Cloud to suggest a potential trend reversal.

On the other hand, the Average Directional Index (ADX) is around 33.96, which signifies a strong trend. Given that the trend has been downward, the high ADX could suggest the downtrend is still strong. As of press time, the Pundi X price stood at $39.7, representing a 39.7% increase from its previous 24-hour price.

4-hour PUNDI/USDT Chart | Source: TradingView Celestia Price Review

Celestia (TIA) is also another gainer in today’s session. An Auto Pitchfork tool indicates potential support and resistance levels within the trend lines. The Money Flow Index (MFI) is high at 74.10, which could indicate overbought conditions and a potential pullback.

The Celestia price is approaching the median line of the Pitchfork, which could act as resistance. As of press time, it stood at $10.96, representing a 10.9% increase from its previous 24-hour price. 

4-hour TIA/USDT Chart | Source: TradingView

On April 19, HashKey Exchange, a licensed platform in Hong Kong, announced changes to its policy concerning handling virtual assets (VAs). Effective May 10, 2024, at 00:00 UTC+8, the exchange will no longer allow VA deposits from Binance-hosted wallet addresses. Furthermore, starting May 17, 2024, at 00:00 UTC+8, HashKey will also prohibit VA withdrawals to Binance-hosted wallet addresses.

JUST IN: HONG KONG CRYPTO EXCHANGE HASHKEY TO CEASE DEPOSITS/WITHDRAWALS FROM #BINANCE WALLET ADDRESSES pic.twitter.com/GyFHQepxz3

— Crypto Macro (@cryptomacro14) April 19, 2024

Details of the New Policy

According to the announcement from the HashKey Team, these policy adjustments are due to strategic changes within the platform. Previously, HashKey had designated Binance as the only third-party exchange from which it would accept deposits. The new policy delineates that while deposits and withdrawals to and from whitelisted unhosted wallet addresses will remain unaffected, any transactions linked directly to Binance’s hosted wallets will be ceased.

This policy shift marks a pivot in HashKey’s approach to digital asset transactions, directly impacting users who have previously relied on Binance as their primary conduit for such transfers. HashKey advises all users and clients to adjust their transaction strategies accordingly and ensure compliance with the new transfer guidelines.

Core DAO, a decentralized permissionless network, has announced the launch of a new exchange-traded product. The company disclosed that the release of the “Yield Bearing Bitcoin Exchange-Traded Product” would emerge as a game-changing move for $BTC investors. On the other hand, the users would reportedly require entrusting their private keys to 3rd parties to earn yield conventionally.

Core DAO Offers Yield Bearing BTC ETP to Boost Earnings of the Bitcoin Investors

The risks linked to the respective method started emerging back in the year 2022. This resulted in a hard lesson costing huge amounts to many. However, the firm confidently endorses the current development as a suitable solution in this respect. As per the company, Core Chain now provides a secure method for yield generation with Bitcoin.

It added that the users would not require surrendering control over their private keys at all. This exclusive approach comes along with the finest features of Ethereum and Bitcoin via hybrid technology. Apart from that the Yield Bearing Bitcoin ETP of Core Chain also employs some other features to facilitate the consumers. For example, it utilizes a timelock method on the *BTC* blockchain.

With this feature, the chain lets investors earn yield along with maintaining complete control over the BTC tokens. In this way, the chain securely locks the tokens of the users for a selected duration. In addition to this, the platform has a mechanism for keeping the tokens time-locked. In the meantime, Core Chain partners with miners as this helps to improve the network security.

Additionally, it taps into the reprocessed hash from transfers. Recently, up to fifty percent of the cumulative hash rate of Bitcoin has entered the respective initiative. The company asserted that it also endeavors to increase the accessibility of this revolutionary strategy. It holds some shares in DeFi Technologies and Valour which have introduced the earliest ETP that lets investors earn yield.

Investors Can Soon Access $200M Early Contribution

Hence, the investors can get yield on the BTC tokens straight via the cutting-edge technology of Core DAO. Valour manages the respective ETP which begins with an early contribution of up to $200M. Soon, the investors pursuing yield-earning benefits and security of the private keys will be able to access that amount.

Surf Wallet, the premier wallet built on Sui Network, has recently integrated AlchemyPay’s On and Off-Ramp solution. This strategic integration now empowers users to effortlessly transition between cryptocurrencies and fiat currencies without navigating through complex or time-consuming processes.

.@surf_wallet, the wallet built on #Sui Network, has integrated #AlchemyPay's On & Off-Ramp solution. With this integration, it enables users to seamlessly transfer between crypto and fiat without the need for complex and time-consuming processes.https://t.co/3fv0Q5PDMI$ACH pic.twitter.com/I7LsjEyjPr

— Alchemy Pay|$ACH : Fiat-Crypto Payment Gateway (@AlchemyPay) April 19, 2024

Surf Wallet Streamlines Transactions with Alchemy Pay Partnership

The integration of Alchemy Pay’s fiat-crypto On and Off-Ramps into Surf Wallet streamlines the deposit process by allowing users to directly fund their accounts using fiat payments. Moreover, it facilitates seamless crypto-to-fiat exchanges with swift remittance to users’ bank accounts. Leveraging Alchemy Pay’s expansive payment network spanning across 170+ countries, Surf Wallet becomes more accessible to a diverse range of users.

Renowned as the smoothest smart wallet on Sui Network, Surf Wallet offers a user-friendly platform for secure token transfers and NFT collections on the blockchain. Powered by zkLogin technology, Surf users can initiate payments and investments with unparalleled ease, bypassing the need for intricate setups and manual seed phrases.

Surf Wallet Pioneers the Future of Digital Finance

Surf Wallet has emerged as the most popular mobile wallet on Sui Network, boasting an unmatched user experience. As a recipient of grants and accolades in Sui hackathons, Surf Wallet integrates a plethora of viral Web3 features, including Swap, DeFi, NFTs, Staking, zkLogin, and zkSend. This comprehensive integration ensures that navigating the Sui ecosystem is seamless and hassle-free for users, further solidifying Surf Wallet’s position as a leader in the digital wallet space.

With the integration of Alchemy Pay’s innovative On and Off-Ramp services, Surf Wallet continues to redefine the landscape of digital finance. Now, it will offers users unparalleled convenience and accessibility in managing their crypto assets.

DeeStream is growing as the platform continues to attract many investors in its presale, who are anticipating a platform shutdown. The Flare and Bonk communities are drawn by the continuous waves that DeeStream is making in its presale. 

DeeStream has grown to be a force to reckon with in the online streaming platform. It is a very promising venture that attracts investors from around the globe. It is undoubtedly said to be the future of online content creators, and it has gathered significant attention due to its user-friendly interface and exclusive rights for content creators and users. 

Crypto enthusiasts are optimistic about DeeStream’s potential, given speculation that the token will witness a massive rise with the motive to rival traditional streaming platforms. Therefore, this buzz is currently attracting the Flare and Bonk communities, who are also anticipating a streaming platform shutdown. 

Flare & Bonk communities anticipating a streaming platform showdown

DeeStream is working to gain the attention of a significant market share and equip its users with rewarding earning opportunities.  Both Flare and Bonk communities are optimistically anticipating a streaming platform shutdown following the DeeStream presale.

With the growing population of users and investors, DeeStream has captured the attention of Flare and Bonk communities, which has increased the presale momentum, which, if it maintains the energy, will disrupt the streaming platform status quo.

DeeStream has an advantage with its early adoption presale, which gives investors the opportunity to acquire as much token as they want. By offering tokens at a price of $0.06, it is attracting investors who are willing to invest in a profitable venture for a better return on investment. 

DeeStream Presale

DeeStream’s Stage 2 presales have attracted more than 3,000 holders to the platform, and more investors are trooping in their numbers. With a giveaway price, investors are willing to maximize the risk of investment, which promises a better risk-to-reward and a hassle-free user experience. 

Contrary to traditional investment opportunities, DeeStream is very easy to navigate. By giving users voting rights, it allows them to be part of the platform’s decision-making process. DeeStream has a low fee transaction rate and an instant payout option.  

Therefore, the Flare and Bonk communities are currently anticipating a streaming platform shutdown as the DeeStream token continues to witness a large influx of investors. With the influx of investors, Deestream will rival other traditional streaming platforms, leading to a shutdown. 

The DeeStream presale is currently offering investors a mouth-watering opportunity to acquire DeeStream token at an early stage of the presale. With the early stage comes a discounted price, providing investors with an opportunity to participate in the great thing about to happen in the streaming platform.

Check out the official website of DeeStream to find out more about its presale.

The educational NFT-based crypto trading game Banksters has celebrated the upcoming launch of its Mainnet with a new airdrop that rewards its most active and best performing players.

In the first-of-its-kind contest, Banksters pitted its users against each other to compete for one of 1,000 exclusive NFTs that were awarded based on their activity level throughout the duration of the competition. The event ran from April 3 to April 17, and ended up with the 1,000 highest-rated Banksters’ players receiving an airdropped NFT showcasing various traits and levels of rarity. The NFTs were valued at a combined 100,000 USDT. ‘

The campaign was designed to promote Banksters Mainnet launch, which went live alongside a number of new features in the game, which is designed to educate crypto enthusiasts about the intricacies of token trading. 

Gamified Learning To Trade 

Banksters is the brainchild of an innovative developer startup called Lava Games, and it can be thought of as a gamified simulation of the crypto markets. Within the game, users are tasked with buying and selling different, real-world cryptocurrencies in an effort to make a profit. Along the way, it educates players about popular trading strategies and how to read the various “signals” that can help inform profitable trades. By gamifying the trading experience in this way, Banksters players can acquire the skills needed to profitably trade in the real-world crypto market. 

The gameplay is based on the real-life crypto market, with all asset prices reflecting their real-world movements. Each player trades using an NFT character, which has its own unique abilities and attributes. The idea is that players can use their abilities to capitalize on the real-world crypto market conditions. Playing the game, users can learn the best way to react to market volatility, improve their financial literacy and, hopefully, become smarter and more profitable traders. There are incentives too, as players can trade face-to-face with other human players, winning crypto rewards if they can “out-trade” their opponents, a concept Banksters terms “trade-to-win”. 

The game developers believe that blockchain-based games need to invest more in educating their users in crypto, not only about trading digital assets, but also related things such as how blockchains work, how to set up and use a wallet, mint NFTs and scrolls, and more besides. 

Banksters CEO and CMO Alexandru Carbunariu said there was a big strategic element to the contest, with players not only required to be extremely active, but also trade successfully during that period. He said players had a better chance of winning by actively engaging in invest runs, leveling-up avatars, utilizing the Banksters Academy for NFT minting, and by staying involved in the community. 

“Banksters is more than a game; it’s an educational journey into the world of cryptocurrency,” Carbunariu said. “The airdrop contest, along with the Minting Scroll on Magic Eden, presents unique opportunities for players to acquire new skills and empower their characters.”

Mainnet Launch & Stable Version Release

The conclusion of the contest was timed to coincide with the launch of Bankster’s Mainnet, for the game is built on its very own blockchain. With the debut of its Mainnet, Banksters introduced a host of new features, including the ability to purchase unique NFT avatars that allow players to personalize their game identity, and a new internal wallet system to support easier management of in-game assets. 

Banksters is also introducing non-custodial wallet connectivity, so users can connect third-party wallets such as MetaMask and TrustWallet to the platform to increase asset security. Meanwhile, players can now, finally, withdraw their BARS tokens from the game to trade on real-world exchanges or send to other individuals. The platform is also expanding its NFT minting tool, with players now able to purchase “minting scrolls” and create their very own playable Bankster characters. 

Elsewhere, there’s a new referral program designed to encourage existing users to help expand the game’s playerbase, and a streamlined onboarding experience based on a more compelling, story-like narrative that explains the significance of various aspects of the game. 

FInally, the Mainnet launch coincides with the first “stable release” of Banksters, marking the beginning of what is promised to be a “comprehensive game redesign”. In future updates, Banksters intends to enhance the game’s visuals and transform the overall gaming experience to make it more competitive, educational and fun. 

“These updates represent a significant step forward in merging cutting-edge technology with immersive gameplay, offering our community a truly enriched gaming experience,” Carbunariu said.

Minting Scroll NFTs

For players who missed out on winning one of the 1,000 exclusive airdropped NFTs, they’ll instead have the chance to obtain one of 2,000 Minting Scrolls NFTs, which are now on sale via the Magic Eden NFT marketplace, providing additional opportunities for players to enhance their Banksters’ experience. 

Lava Games said the new NFTs (both airdropped and directly purchased) will be vested for a period of 60 days following the stable release launch.  

With the launch of its presale at stage one and prices set at $0.014, Koala Coin (KLC) is making waves in the blockchain world. This exciting development is creating interest and excitement among investors. This highlights a strong sense of unity and progress in the cryptocurrency space. Also, investors from Cronos (CRO) and Avalanche (AVAX) are eyeing the Koala project as we speak.

Koala Coin (KLC): Eucalyptus-scented Path

Koala Coin (KLC) stands out in the lively crypto market by blending the charm of meme culture with reliable blockchain technology. This promises both financial growth and a supportive community atmosphere. With its unique approach, the Koala Coin (KLC) project offers a crypto adventure filled with laughter, connections and exciting discoveries.

As Koala Coin (KLC) brings together finance and entertainment, it creates an ecosystem ripe for investment. Exclusive benefits, including governance rights and special meme rewards, attract investors to join a future as clear as rain.

Avalanche (AVAX): Efficiency in Blockchain

Avalanche (AVAX) is a decentralized platform known for its speed. It was designed specifically to launch decentralized finance (DeFi) apps, financial assets and other services. Avalanche (AVAX) can handle a lot of transactions quickly, better than older blockchains, because of its new way of agreeing on transactions. This aligned perfectly with Koala Coin (KLC) and those who want to invest in it. 

Even though the market goes up and down, Avalanche (AVAX) has stayed strong, with a current price of $50.01. In the last week, it went down a bit by -3.49%, but over the month, it bounced back strongly, going up by 16.96%. This shows that it has a good foundation and investors believe in it even during tough times.

Cronos (CRO): Crypto Accessibility

Cronos (CRO) is the main part of Crypto.com’s blockchain, aiming to make blockchain tech and crypto transactions easier and faster. It supports many different uses, which is important for making finance more open to everyone.

Lately, Cronos (CRO) has been strong, with a current price of $0.14. Even though it went down by -0.79% in the last week and by -5.08% over the month, these changes show how Cronos (CRO) can adapt and stay strong in the changing world of crypto.

Koala Coin (KLC): A Golden Opportunity

In the world of cryptocurrency, where things change fast and fortunes can shift, Koala Coin (KLC) offers more than just transactions. It builds a community of kindness, laughter and shared dreams. Choosing the Koala project means getting into a future filled with joy and potential gains from Avalanche (AVAX) and Cronos (CRO). This eucalyptus-scented path promises not just financial success but also a treasure trove of happiness and belonging

Check out the coolest meme project around at the official website here

Cardano (ADA), a frontrunner in the blockchain space renowned for its scientific approach to cryptocurrency, is poised for what could be a substantial price rally. A recent analysis by crypto expert Ali Martinez has shed light on a critical metric that historically has been a strong indicator of ADA’s price movements.

The MVRV (Market Value to Realized Value) Ratio has emerged as a pivotal metric in the cryptocurrency market, providing insights into the market sentiment and potential price movements. Ali Martinez’s analysis points to a compelling correlation between Cardano’s MVRV Ratio and its price performance.

The last time #Cardano's MVRV Ratio dipped below -22%, $ADA 's price soared by over 75%. With the #ADA MVRV Ratio back under -22%, we could see another impressive rebound! pic.twitter.com/ABf0mp4pR4

— Ali (@ali_charts) April 19, 2024

Historically, when Cardano’s MVRV Ratio has dropped below -22%, *ADA* price has surged by over 75%. Given the current dip in the ADA MVRV Ratio below this critical threshold, Martinez suggests that we may be on the verge of witnessing another remarkable price rebound for Cardano.

ADA Market Performance

Despite the broader market challenges and a 22.83% decline over the past month, Cardano has demonstrated resilience in its recent price action. As of the latest data, ADA is trading at $0.4669, marking a 4.49% uptick in the last 24 hours. While the month-long downturn has posed challenges, today’s gains hint at ADA’s potential to rebound and potentially reverse its recent losses.

One of the underlying factors supporting Cardano’s potential rally is the surge in trading volume. Currently, the 24-hour trading volume for ADA stands at $548,909,656, reflecting a 4.54% increase. A rising trading volume often signals increased market interest and liquidity, which can act as a catalyst for price movements.

The confluence of a historically low MVRV Ratio, recent price resilience, and a surge in trading volume paints a promising picture for Cardano investors. However, it’s crucial to approach these insights with a balanced perspective. While the historical correlation between Cardano’s MVRV Ratio and its price movements offers valuable insights, past performance is not a guarantee of future results.

The cryptocurrency market is inherently volatile, and investors should always conduct thorough research and consider their risk tolerance before making investment decisions. Moreover, external factors such as regulatory developments, broader market trends, and technological advancements can also influence ADA’s price trajectory. Therefore, staying informed and adaptable to changing market dynamics is paramount for investors navigating the cryptocurrency landscape.

Overall, Cardano’s potential 75% price surge, as indicated by the MVRV Ratio and supported by recent market trends, presents an intriguing opportunity for investors. While the path to recovery may be paved with volatility and challenges, the underlying fundamentals and market dynamics suggest that Cardano could be gearing up for a significant price rally.

In the ever-evolving market of cryptocurrencies, many investors are seeking promising opportunities to expand their portfolios. One of the opportunities that is catching the eye of investors is the Fezoo presale. Bringing a revolution to the sector of crypto exchanges, Fezoo has a bright future and a lot of investors do not want to miss out.

Meanwhile, both Litecoin and Wrapped BNB holders are turning to the Fezoo exchange presale as a safe investment haven amid Bitcoin’s halving. While Litecoin witnesses significant price fluctuations and Wrapped BNB has a positive prediction for the next year, many crypto enthusiasts are interested in taking advantage of the Fezoo presale with anticipation of substantial returns in the coming months.

Price Performance Of Litecoin

Recently, the CEO of Evai, Matthew Dixon, shared his analysis of Litecoin’s performance. In a series of tweets, he opined that Litecoin’s price is moving according to expectations. The price movement of Litecoin could be a result of the fact that Litecoin had completed its correction earlier, which suggested a potential upside move for Litecoin. However, Dixon acknowledges the fact that it is difficult to predict Litecoin’s immediate trajectory.

Moreover, Dixon goes further to present two possible scenarios for the future of Litecoin. On the one hand, Litecoin has formed a top, which could result in a possible downward movement, which could consist of waves 1 to 5. Alternatively, Litecoin’s price action could be seen as a completed corrective bearish wave which could indicate a possible upside movement soon.

Wrapped BNB Price Prediction

Wrapped BNB is currently witnessing a consolidation in its monthly chart. Currently priced at $559.22 per token, the price of Wrapped BNB has seen a 2.15% decline in the past 30 days. Moreover, the weekly chart shows a bearish move with almost 10% decline from $600 to $541. Despite the prevailing bearish scenarios of Wrapped BNB, some analysts predict that Wrapped BNB could rise by 226.13% and reach $1,773 by May 18, 2024.

Moreover, Wrapped BNB has notably recorded more green days within the past 30 days, having 17 green days, which is 57% of the total. Although the price volatility seen in Wrapped BNB stands at around 3.76%, some analysts predict that Wrapped BNB could trade between $543.88 and $2,552.89 in the year 2025, possibly reaching a 371% increase when compared with today’s value of the token. 

Bitcoin Witnesses Significant Dip Prior To Halving

With the long-anticipated halving of Bitcoin inching very closer, the price action of Bitcoin hints at uncertainty as a lot of investors watch curiously. Meanwhile, Bitcoin dropped below the $60K mark as the crypto market witnessed a downward movement as expected prior to the halving day. As of the time of writing, Bitcoin is valued at $62.7K, having seen a 10.39% decline in its price over the past 7 days.

However, this decline is also simultaneously happening while the US dollar strengthens. Moreover, some crypto enthusiasts expect that interest rates will still stay high for a longer period. Meanwhile, some individuals believe that one of the factors that have affected Bitcoin’s drop is the recent surge in the value of the US dollar.

Crypto Holders Turn to Fezoo Exchange Presale for Safe Investment Haven

Fezoo is revolutionizing the way traders connect globally through its decentralized exchange. With instant deposits and withdrawals, traders can swiftly navigate the market with lower fees compared to traditional exchanges like Binance and Kucoin. From a sophisticated VIP program rewarding active traders with up to 70% kickback to decentralized governance enabling token holders to influence platform enhancements, Fezoo prioritizes user engagement.

As Fezoo progresses through its presale stages, currently priced at $0.013 in Stage 1, investors have the opportunity to engage in a project poised with significant growth potential. With team tokens locked for 16 months and liquidity locked for 50 years, Fezoo prioritizes stability and trustworthiness. As users engage in liquidity provision and trading across various markets, they benefit from staking rewards and a rewards program incentivizing platform participation.

Find out more about the Fezoo presale by visiting the website here.

A substantial number of Bitcoin and Ethereum options are set to expire soon. This expiry includes 21,564 Bitcoin options with a notional value of approximately $1.4 billion. The data shows a Put Call Ratio of 0.64 and a Maxpain point of $65,000 for Bitcoin. Meanwhile, Ethereum will see 298,415 of its options expire. These options hold a notional value of $930 million, with a Put Call Ratio of 0.42 and a Maxpain point of $3,125.

19 Apr Options Data21,564 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $65,000 and a notional value of $1.4 billion. 298,415 ETH options are about to expire with a Put Call Ratio of 0.42, Maxpain point of $3,125 and a notional value of $930… pic.twitter.com/Tp0YLTu8LD

— Greeks.live (@GreeksLive) April 19, 2024

Market Dynamics

This week, the crypto markets have experienced a significant downturn. Bitcoin and Ethereum prices dropped below critical thresholds of $60,000 and $3,000 respectively. This pullback marks the most substantial and prolonged set of losses for shorts within the year. Furthermore, implied volatilities (IVs) across significant terms have declined, primarily influenced by a notable decrease in call option prices. The anticipated market support from the upcoming Saturday’s halving has diminished, showing less impact than expected.

Market sentiment has become more cautious, paralleled by a recent slowdown in ETF inflows. Despite a rally observed today, the activities of major investors, referred to as ‘whales,’ suggest a persistent lack of market confidence. For a bullish recovery, increased inflows post-halving are noted as necessary, indicating that the market’s stabilization is still dependent on further financial injections.

The coming days could prove critical for setting the tone in crypto markets for the remaining part of the year.

In today’s volatile cryptocurrency market, understanding the nuances of each leading token’s performance is crucial for both seasoned investors and newcomers. This article offers a detailed analysis of Shiba Inu (SHIB), Dogecoin (DOGE), Option2Trade (O2T), Solana (SOL), Cardano (ADA), Binance (BNB), Render (RNDR), and SingularityNET (AGIX). By examining the current market performance, trends, and future potential of these cryptocurrencies, we aim to provide a comprehensive overview that will guide investment decisions.

Current Market Performance

As of now, the crypto market exhibits mixed signals with some coins experiencing slight downturns while others capitalize on incremental gains. Shiba Inu (SHIB) and Dogecoin (DOGE) have shown moderate fluctuations influenced by community-driven activities and overall market sentiment. Meanwhile, newer entrants like Option2Trade (O2T) have demonstrated resilience with consistent growth due to innovative features and strong community support.

Token-by-Token Analysis

– Shiba Inu (SHIB): Known for its volatility, Shiba Inu (SHIB) continues to react sharply to market trends and social media influences. Its performance remains closely tied to community engagements and developmental updates.

– Dogecoin (DOGE): As a pioneer meme coin, Dogecoin (DOGE)’s market movements often mirror broader industry trends and celebrity endorsements, currently stabilizing after recent highs.

– Option2Trade (O2T): Option2Trade (O2T) stands out with its AI-driven platform that has attracted a substantial following, reflecting steady growth and potential for significant market disruption.

– Solana (SOL): With its high throughput and growing ecosystem, SOL remains a strong contender in the blockchain space, showing promise despite recent network congestions.

– Cardano (ADA): ADA continues to build its platform with slow and steady enhancements, which may not reflect immediately in its price but bolsters its long-term viability.

– Binance (BNB): As the native token of one of the largest cryptocurrency exchanges, BNB benefits from Binance’s expansive network and continuous innovation.

– Render (RNDR): RNDR, which facilitates GPU-based rendering on the blockchain, has seen increased adoption that could drive its price up as demand for rendering services grows.

– SingularityNET (AGIX): AGIX aims to decentralize AI services, a niche yet growing area that could see significant appreciation as the technology advances.

Future Market Predictions

Looking ahead, the cryptocurrency market is poised for dynamic changes. Tokens like Option2Trade (O2T) and Solana (SOL) are expected to gain from technological advancements and broader adoption. Meanwhile, traditional favorites like Shiba Inu (SHIB) and Dogecoin (DOGE) must innovate to maintain their positions. Strategic developments in platforms like Cardano (ADA) and Binance (BNB) are anticipated to solidify their market standings. Lastly, niche tokens like Render (RNDR) and SingularityNET (AGIX) are set to capitalize on specific industry trends.

Conclusion: Navigating a Diverse Crypto Landscape

This analysis underscores the diverse strategies and market positions of leading cryptocurrencies. Investors should consider both current performances and future potential to make informed decisions. As the market continues to evolve, staying updated on developments across tokens like Shiba Inu (SHIB), Dogecoin (DOGE), Option2Trade (O2T), SOL, ADA, BNB, RNDR, and AGIX will be key to navigating the complex and ever-changing cryptocurrency landscape.

For more information on the Option2Trade (O2T) Presale: 

Use promo code O2T Launch to get 15% bonus

Visit Option2Trade (O2T)

Join and become a community member: 

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https://twitter.com/Option2Trade (O2T)

Automata Network, a platform that provides private web facilities to dApps, has recently announced an exclusive development. The company has disclosed the launch of Horizen EON, an EVM-compatible sidechain that runs a smart contract forum focusing on scalability, on 1RPC. 1RPC operates as a Web3 relay that intends to safeguard the privacy of the consumers.

EON Launches on 1RPC, Says Automata Network

The company disclosed the development in a recent blog post. The firm mentioned that 1RPC shields the metadata of the consumers from any leakage and exposure. In addition to this, the company has revealed that 1RPC has effectively relayed more than twenty billion requests up till now. The consumers just need to follow three simple steps to utilize the Horizen 1RPC endpoint.

In this respect, the initial move is to go to the search bar of the dashboard and type “Horizen EON” there. The next step is to click the Wallet icon concerning Horizen EON. Following that, the consumer needs to authorize the wallet message. As a result of this, the user can start utilizing the Horizen 1RPC endpoint. For consumers looking for additional granular control as well as more customization, 1RPC Plus provides more features.

The Launch Offers Cutting-Edge Functionalities to the Users

For this purpose, it includes cutting-edge anti-phishing functionalities like transfer sanitizers. The respective things prevent likely suspicious or malicious transfers before they take place. This would be assistive in properly safeguarding the funds of the users.

Automata Network works as a layer for modular attestation. It broadens machine trust in the Ethereum network with the help of TEE Coprocessors. By using Proof-of-Machinehood, a worldwide decentralized machine attestation network assists rollups to realize an Ethereum-aligned future. EigenLayer-based TEE AVS are secured under hardware root-of-trust as well as cryptoeconomic security.

Prominent USDT stablecoin issuer Tether has continued to mint staggering billion-dollar sums recently, sparking more bullish enthusiasm ahead of the halving event. Tether has recently minted $1 billion USDT on the Ethereum blockchain, increasing the liquidity in the market, which might act as a catalyst in sending the market prices toward new highs ahead of halving event.

USDT Mint Pumps The Market

Tether Treasury has recently minted an additional 1 billion USDT on the Ethereum blockchain. This latest issuance is part of an ongoing trend that has seen the Treasury print a staggering total of 5 billion USDT over the past 30 days, underscoring a surge in liquidity across major crypto networks.

The #TetherTreasury minted 1B $USDT on the #Ethereum chain 40 mins ago.Notably:• The Tether Treasury has minted 5B $USDT in the past 30 days, including 2B USDT on the Ethereum chain and 3B USDT on the TRON chain.• Among the 2B $USDT minted on Ethereum, around 788M $USDT… pic.twitter.com/9CACm5HAjv

— Spot On Chain (@spotonchain) April 19, 2024

The newly minted billion USDT on Ethereum adds to a month of hefty production, with 2 billion USDT allocated to the Ethereum chain and another 3 billion to the TRON network. Of the 2 billion USDT minted on the Ethereum network, approximately 788 million USDT have been transferred to various centralized exchanges (CEX). Leading exchanges such as Coinbase, Binance, Kraken, and OKX have been significant recipients of these funds.

Coinbase topped the list with an influx of 330 million USDT, closely followed by Binance with 307 million USDT. Kraken and OKX received 79.2 million and 71.7 million USDT, respectively. The transfers were primarily conducted through two wallets, identified as 0x1db and 0x0fb, which are believed to be associated with Cumberland, a major trading firm.

This development has ignited discussions regarding its potential influence on Bitcoin’s market price. Historically, Tether’s issuance of new tokens has correlated with notable increases in Bitcoin’s value. For instance, in January, a release of 2 billion USDT over ten days coincided with a significant uptick in Bitcoin’s price, a rise also boosted by expectations of spot Bitcoin exchange-traded fund (ETF) approvals. This pattern has led some observers to speculate about potential future volatility in Bitcoin prices.

In response to the market’s speculation, Paolo Ardoino, Tether’s CEO, sought to provide clarity. He stated that the newly minted $1 billion USDT is intended for future issuance requests and chain swaps, implying it is not set for immediate market introduction.

Earlier this week, Tether drew attention when it appeared to mint $1 billion in USDT without the corresponding reserves. To address the concerns, CEO Paolo Ardoino clarified that this was an “authorized but not issued” transaction. This term refers to tokens that have been created on a blockchain—specifically TRON in this instance—but not yet released to the public.

Tether explained that these tokens do not contribute to the total market capitalization of USDT, as they haven’t been issued. For instance, while TRON’s records show $57.8 billion in authorized USDT, $1 billion of this is unissued, bringing the actual total to $56.8 billion. This practice is standard across the 15 blockchains hosting the stablecoin, with $5.4 billion in USDT currently authorized but not issued.

Ardoino added that the recently authorized funds are set aside as inventory for future issuance requests and chain swaps.

Tether Strengthens Ties With Telegram  

Along with minting billion dollar worth of USDT on several blockchain, Tether is expanding its stablecoin dominance. Recently, Tether announced that it is expanding its collaboration with Telegram’s Web3 ecosystem by introducing its stablecoins on The Open Network (TON). On April 19, Tether Operations launched both its US dollar-pegged stablecoin, Tether USDT, and its gold-pegged stablecoin, Tether Gold (XAUT), on the TON blockchain.

This development was announced during the Token2049 crypto event in Dubai, featuring keynote speeches from Tether CEO Paolo Ardoino and Telegram founder Pavel Durov.

In addition to the launch, Tether revealed a significant restructuring at the same event, introducing four new business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu.

Ramp Network, a leading fintech infrastructure provider, has announced its pivotal role in facilitating the purchase and withdrawal of the USDt on TON stablecoin, launched by Tether, on The Open Network (TON). This collaboration aims to streamline transactions within the TON ecosystem, enhancing the user experience for Telegram’s massive user base of over 900 million monthly active users.

With the native integration of USDt on TON, Ramp Network is augmenting Tether’s use case by providing a simple and borderless experience for peer-to-peer payments within the Telegram Messenger ecosystem. USDt, already the world’s most widely-used stablecoin with a market cap exceeding $107 billion, will now leverage TON’s integration with Telegram Wallet to potentially expand Telegram’s Apps and decentralized services on TON.

Streamlining Transactions Globally

Ramp Network’s infrastructure is designed to streamline in-and-out transactions for the entire TON ecosystem. The company enables developers to integrate easy-to-use crypto on- and off-ramps into applications, ensuring fast and seamless crypto purchases and withdrawals in more than 150 countries worldwide.

Szymon Sypniewicz, CEO of Ramp Network, expressed, “Crypto transactions should be as simple as texting. At Ramp Network we share TON Foundation’s vision. We are excited to contribute to making it a reality by introducing on-ramping and off-ramping for USDt on TON across more than 150 countries. We look forward to seeing how enabling access to instant, low-cost crypto transactions can improve the lives of hundreds of millions of users in the TON ecosystem.”

In addition to facilitating transactions, Ramp’s support for USDt on TON will simplify the Know Your Customer (KYC) process, making it easier for new users to onboard the TON ecosystem. This user-friendly approach aligns with TON Foundation’s mission to integrate Web3 services seamlessly into the daily lives of Telegram users. Meanwhile, Ramp’s rollout of USDt on TON will be implemented in phases. Initially, on-ramping will be available on Ramp’s main website and integrated with select third-party wallets that support TON assets.

Subsequent phases will include the addition of USDt on TON to the fiat off-ramp, providing users with comprehensive transactional capabilities. Ramp Network’s support for USDt on TON builds upon its earlier announcement in December 2023, when the company enabled on-ramp support for TON’s native asset, Toncoin (TON). This ongoing collaboration underscores Ramp’s commitment to bridging the gap between the crypto economy and today’s global financial infrastructure.

Ramp Network is a financial technology company dedicated to building solutions that connect the crypto economy with the existing global financial infrastructure. Through its core on- and off-ramp products, Ramp offers businesses and individuals across 150+ countries a streamlined experience for converting between cryptocurrencies and fiat currencies. The platform is fully integrated with major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay, and more.

Ramp Network’s facilitation of USDt on TON transactions represents a significant step towards mainstream adoption of Web3 technologies. By leveraging its robust fintech infrastructure, Ramp is playing a crucial role in making crypto transactions more accessible and user-friendly for Telegram’s extensive user base. As Ramp continues to innovate and expand its services, the broader crypto community can anticipate further advancements that simplify and enhance the crypto transaction experience on TON and beyond.

Amid regulatory issues Filecoin has been facing within the crypto sector, investors are currently focusing on Pushd’s stage 6 presale offering. Meanwhile, in areas susceptible to regulation, Filecoin’s STFIL protocol is under a cloud after funds went missing as part of an investigation by Chinese authorities. That leaves Pushd, presenting the most viable alternative with an innovative decentralized e-commerce platform. 

Priced at a very attractive $0.144 per token, the Pushd presale shows that this relatively new project has the disruptive capability to transform traditional e-commerce paradigms. With the ecosystem’s solid and community-driven governance, Pushd will be a brand for the future of online marketplaces within a Web3 economy built on trust and reliability.

Filecoin: Recent Turmoil and Regulatory Scrutiny

Recently, STFIL, a staking protocol for liquidity from Filecoin, was hit by a crisis of alleged funds disappearance, under investigation by Chinese authorities. With an abnormal protocol upgrade, users staked Filecoin on the STFIL protocol and got transferred to an unknown address. As a result, in just one month, the total value locked went down from $95 million to $55 million. Such increased attention and scrutiny from Chinese authorities, either leading to disruption or not, echoes past incidents where regulatory action has been targeted at Filecoin-related operations. STFIL, previously offering up to 9% annual yields, saw its stability compromised, affecting approximately 2,500 users.

These have highlighted the risks of investing in DeFi projects, especially in regulatory-sensitive environments. However, this would be subject to continued regulatory pressures, implying that investors must be careful and underline due diligence and regulation in the crypto space. The Filecoin community had been waiting with bated breath through all this regulatory challenge.

Pushd: A Beacon of Innovation And Trust in E-Commerce

Priced at a relatively appealing price point of $0.144 per token, this presale stage will offer an enticing entry point for most investors in the market looking to get a feel for one of the more promising projects in the space. Revolutionizing traditional e-commerce disruptively, the Pushd model, through decentralization, accomplishes the elimination of centralized intermediaries toward privacy, security, and transactional efficiency. Pushd ensures user convenience and empowerment are realized from zero KYC requirements to instant fund releases. The ecosystem includes many services poised to enhance the quality of use and make them a part of the platform. 

From an easy-to-use debit card that allows its holders to spend cryptos directly to a program of rewards that dispenses huge cryptocurrency incentives, Pushd is all about user engagement. This decentralized governance model would give the token holders the decision-making power to shape the platform’s evolution. With team tokens having a 700-day lockup period, Pushd means a long-lasting ecosystem for sustainability and growth, allowing investors to find and invest in a solution with integrity and security that is not affected by regulatory scrutiny.

Find out more about the Pushd (PUSHD) presale by visiting the website here. 

As the Web3 space becomes increasingly saturated with thousands of games and decentralized apps vying for user attention, the challenge of fostering community growth has never been more competitive. Addressing this, Wobbl3 is stepping up with its innovative viral growth solutions built on top of NFTs and tokens on the Enjin Blockchain.

Wobbl3 offers no-code solutions that empower projects to incentivize their communities through valuable rewards for promoting, creating content, and referring new users. With advanced analytics, projects can effortlessly track performance and reward key community leaders in real time. Wobbl3’s formal entry into the Enjin Ecosystem marks a new era of growth and value creation, inviting ecosystem partners to leverage these powerful tools for rapid, measurable growth.

Wobbl3’s Vision

The team behind Wobbl3 brings a wealth of Web3 experience from their previous venture, Soundpickr, a tech company revolutionizing on-chain royalties for the music industry. Soundpickr made waves by creating the first EuroVision NFT song, exposing countless fans to the Web3 industry.

In 2023, Soundpickr ventured into the Enjin Ecosystem, partnering with Alterverse to integrate music into their Metaverse. This collaboration enriched players’ gaming experiences and provided Soundpickr with a dedicated storefront within the Sky City Metaverse for community events. Subsequently, Soundpickr teamed up with Kingdom Karnage to infuse music into their Web3 game, highlighting the potential of cross-industry collaboration within the UK Web3 scene.

Now, in 2024, the visionaries from Soundpickr have united to form Wobbl3, with a mission to empower Web3 brands with cutting-edge loyalty and referral programs, thereby supercharging community engagement and incentivizing active participation.

Wobbl3’s Comprehensive Web3 Toolkit

Wobbl3’s suite of solutions acts as a force multiplier for marketing efforts across the Enjin Ecosystem, offering:

1. On-Chain Loyalty and Affiliate Programs

Navigating marketing and distribution can be tough for game developers and NFT creators. Today’s successful Web3 projects have overcome these challenges by turning their communities into brand advocates. With Mintboss, you can quickly set up an on-chain marketing strategy to encourage others to join in app usage and NFT releases.

Renowned Italian musician Violetta Zironi and emerging country Latino artist Sammy Arriaga have both leveraged Mintboss extensively in the music NFT space. Violetta Zironi’s NFT collection, The Gypsy Heart, offers holders lifetime access to her concerts and various other perks.

The collection used Mintboss’ smart contract, enabling community members to generate affiliate links for NFT purchases instantly. Whenever someone bought an NFT through a member’s Mintboss link, that member earned a portion of the NFT sales. These collaborations not only boosted engagement but also introduced many fans to Web3’s potential, highlighting the effectiveness of Wobbl3’s solution.

2. Social Farming Systems

In the digital age, capturing attention is invaluable. Modern Web3 initiatives, such as Portal, have utilized social farming to gamify their marketing strategies, engaging hundreds of thousands of followers. Whenever a registered user tagged a post with Portal on X, they earned off-chain points determined by their engagement and reach on X.

$Portal Airdrop Farming is live. Only at https://t.co/IraUjGVtOR.Crystal Dash is Portal’s unique SocialFi experience. Engage with us on Twitter & earn $Portal. (And yes, engaging with this thread does count)Here’s everything you need to know about playing Crystal Dash. pic.twitter.com/UouE0T8mCt

— Portal (@Portalcoin) November 27, 2023

These points ranked users on a competitive leaderboard, leading to a lucrative cryptocurrency airdrop. Wobbl3 develops robust systems using both fungible and non-fungible tokens on the Enjin Blockchain to reward content creators and grow communities. This solution offers advanced functionalities including:

Tweet Scheduler: Enables community members to promptly interact with branded content.

Tiered Boosters: Inspired by Portal, this system rewards users based on their engagement, with higher impressions and interactions earning more points.

Collection Multipliers: Members get point boosts based on the NFTs they own, allowing creators and game developers to engage specific audiences within collections like Enjin Iggy.

3. Liquidity Programs for NFT Collections

FloorGuard empowers NFT creators to boost liquidity in their collections, enriching the trading journey for collectors. This self-managed, self-custodial solution seamlessly integrates with your project’s wallet, ensuring you retain full ownership of your NFTs. Compatible with the majority of major marketplaces, FloorGuard can also be tailored to fit any custom marketplace.

Catalyzing Growth in the Enjin Ecosystem

The partnership between Enjin Blockchain and Wobbl3 aims to empower and catalyze growth for games, apps, and NFT projects within the Enjin Ecosystem. By harnessing Wobbl3’s specialized Web3 tools and services, Enjin developers and creators are well-positioned for increased community engagement and accelerated innovation.

With Wobbl3’s no-code solutions, Enjin Ecosystem partners have the opportunity to supercharge their growth, driving measurable results and unlocking new value-creation avenues in the competitive Web3 landscape.

Worldwide geopolitics has been making a great impact on the economic sector, especially the crypto sphere. Spot On Chain, a well-known on-chain analytics platform that operates on both mobile and the web, has recently disclosed a whale’s quick *ETH* purchase in this regard. According to the analytics provider, the whale took the respective action following noticing the recent attack of Israel on Iran.

This whale acted fast on the news of #Israel's attack on #Iran earlier today and spent 9.516M $USDT to buy 3,253 $ETH at ~$2,925 around the local bottom.Now, the whale is making $625K (+6.57%) in unrealized profit.Remember to stay informed about current social and political… pic.twitter.com/yOpU335yIY

— Spot On Chain (@spotonchain) April 19, 2024

Whale Quickly Buys the $ETH Dip amid Israel-Iran War, Says Spot On Chain

The analytics platform disclosed that the respective tension between the above-mentioned countries affected Ethereum to a great extent. As per the reports, the crypto token experienced a severe decline in terms of price. Keeping this scenario in mind, the whale utilized USDT tokens of up to 9.516 million worth for ETH purchase.

In this respect, the whale bought up to 3,253 Ethereum $ETH tokens. At that time, the crypto token was standing at the local bottom of up to $2,925. The analytics platform added that this move denotes the rapid move that the whale took to get profit. Following that, the whale is earning nearly $625K with a profit of nearly 6.57 percent in unrealized gains.

Collin Rugg, a prominent American investor, reported the attack of Israel on Iran. He asserted that Israel retaliated just days after the launch of three hundred missiles and drones by Iran at the country. According to Rugg, the explosions reportedly took place in Nata and Isfahan cities of Iran. Hence, the flights are reportedly avoiding the routes spread over the region.

NEW Almost $300m in leveraged positions liquidated this morning as a result of Israel's attack on Iran.Prices quickly bounced back as it became clear there was little damage.For real-time coverage follow my account:@RadarHits pic.twitter.com/SRdmStdJ0y

— Bitcoin Archive (@BTC_Archive) April 19, 2024

The Prices Return to Normal after a Little Damage

After that dip, the market witnessed a rapid recovery when no loss was reported. Nearly $300 million was liquidated in leveraged spots this morning following the attack. Subsequently, the prices rapidly bounced back, making it clear that a little damage had taken place.