ASI Token, Expected to Have a Value of $7.5 Billion, Will Be Launched in May
Artificial Superintelligence Alliance (ASI), consisting of Fetch.ai, SingularityNET and Ocean Protocol, announced that the highly anticipated ASI token will be launched in May. According to the statement made on April 16, it was stated that the ASI token will combine the native digital assets of three decentralized artificial intelligence protocols and will be among the top 20 cryptocurrencies with an estimated market value of $ 7.5 billion.
Korean Won Became the Most Traded Currency in Crypto in Q1
According to research firm Kaiko data, the South Korean won became the most used currency in crypto trading in the first quarter of 2024, surpassing the US dollar. The cumulative won trading volume on centralized crypto exchanges was recorded at $456 billion, while the US dollar was reported at $445 billion.
There May Be an $8.8 Million Sponsorship Agreement Between Polkadot and Inter Miami
The Polkadot community announced that it is exploring a significant $8.8 million sponsorship opportunity with Inter Miami Football Club, where Lionel Messi plays. This move aims to leverage the football club’s broad global reach while strategically showcasing the capacity of the Polkadot ecosystem. It also represents the Polkadot community’s latest strategic effort to expand Polkadot’s visibility beyond the crypto industry through its sports-related efforts.
25% Rise in PSG Fan Token
After the football club Paris Saint-Germain achieved a 4-1 victory against its rival Barcelona in the UEFA Champions League quarter-finals, the PSG fan token gained value. As PSG took the lead in the first half, the PSG token rose approximately 25%. In addition, the Barcelona fan token lost 4% of its value.
Alchemy Pay Selects Hong Kong as a Strategic Market for the Cryptocurrency Industry
Alchemy Pay has identified Hong Kong as the strategic hub for its expansion projects outside China. The selection of Hong Kong for Alchemy Pay reveals the region’s larger presence in the global crypto economy, strengthened by its proactive move to create better financial conditions for fintech projects.
Increase in Gold-Backed Stablecoins
Tether with XAUT and Paxos with PAXG are two products on the market with gold support. It has attracted a lot of attention recently due to geopolitical situations. While XAUT’s market cap was $580 million, PAXG’s market cap was just under $450 million. While XAUT’s supply remained stable around 246,500, PAXG’s supply decreased from 340,000 to 182,650. There has been an increase in transaction volumes due to the tension in recent days. PAXG’s volume peaked at $71 million on April 13.
Bitcoin Whales Are Not Selling
According to the data obtained, Bitcoin whales avoid selling unless BTC sees pricing above $ 70,000. According to Whalemap, a platform that shows whale liquidity levels, $52,000 and $48,000 are two very important areas. Since March 1, approximately 44,000 BTC have been accumulated in wallets holding 100 BTC and 1000 BTC.
Tether Printed 1 Billion Dollars
Tether generated $1 billion USDT through a smart contract on the Tron network and transferred these tokens to the Tether Treasury account identified by TronScan. There is currently $1.19 billion in stable crypto in the account. Tether CEO Paolo Ardoino made an announcement on X immediately after the minting process. In this announcement, the CEO described this activity as ‘inventory replenishment’, while noting that it was ‘an authorized but not yet used transaction’.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $63,044 with a 1.20% loss in value. On the 4-hour chart, we observe that it was rejected at the resistance zone of $67,000. There is currently a wide horizontal channel. The upper part is 73,700 and the lower part is 60,800. A horizontal movement can be observed in this range until the halving. The price could not rise much after the support at $60,800. The middle part of the horizontal band, i.e. $67,000, is a level that can act as resistance. Closing above this level could take the price to $73,000. For closings below $60,800, a decrease of up to $55,000 may be observed.
ETHEREUM (ETH)
ETH is priced at $3068 with a 0.49% loss of value as of the morning hours. After reaching the $4090 level, there was a loss of approximately 30%. The rise continues after the reaction from $2855. Permanence above $3140 is important, and the $3500 level may be seen again in the upward movement. In closings below $3000, $2866 appears as the first support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.4939 with a 0.52% loss in value. With the decline in the market, we see that $0.4235 liquidity is taken in XRP. After this level is taken, the upward movement continues. $0.50 is an important level and it was rejected once again. In case of an upward break, a rise up to $0.55 may be seen. If it is rejected at $0.50, a drop to $0.40 may be observed.
AVALANCHE (AVAX)
AVAX is priced at $34.67 with a 0.26% loss in value as of the morning hours. With the decline in the market, there was a 55% withdrawal. After falling to $30, there seems to be a reaction at this level. $38 is a critical region, and in pricing above this level, the $40 band can be seen again. If there is a loss in the $ 32.50 region, there may be a drop to $ 25.
SOLANA (SOL)
SOL is priced at $141 with a 3.5% gain in value as of the morning hours. When we examine the chart, we see that there is a decline with an image similar to the symmetrical triangle formation at the top and a movement up to the $ 130 level. There is currently a reaction movement with the double bottom image formed in this region. If the reaction movement continues, the $154 level can be followed as resistance. In case of withdrawals, the $135 level appears as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 13,536 with a 0.5% gain in value. When we examine the hourly chart, we see a short-term horizontal movement between the $12,930 and $13,790 levels. If this horizontal movement breaks upwards, the $14,050 level, which is the region where the descending trend line is located, can be tested. It may be possible to continue the rise by staying above the trend line. In case of withdrawals, the $13 level can be followed as support.
ID
ID is priced at $0.75317 with a 7.83% gain in value as of the morning hours. When we examine the hourly chart, we see that an important resistance level has been tested with the upward movement. If this movement continues and the $0.764 resistance level is crossed, a move towards the $0.80 region may be possible. In case of withdrawals, $0.74 can be followed as support.
CHZ
CHZ is priced at $0.11055 with a 2.85% gain in value as of the morning hours. When we examine the hourly chart, we see a short-term rising channel movement. The channel top at $0.1130 is also the horizontal resistance zone. If this area breaks upwards, a rise towards the $0.117 region is possible. In case of withdrawals, the $0.106 level can be followed as support.
