XRP will reach $2.13 before the pullback - Analysts predict a bullish Rebound The trading price of XRP is slightly below the key $2 mark, which was a local high during the bullish cycle in 2021. With the bullish momentum, the price has been steadily climbing and seems poised to go higher. Investors and analysts are closely following the charts, looking for clear signals to confirm a breakthrough of this key resistance level. This psychological price level is the focus followed by market participants. Successfully breaking this level may indicate the beginning of a continuous pump. Top analysts and investors, Dark Defender, have shared their views on the future of XRP and provided detailed Technical Analysis on X. According to his insights, XRP is expected to reach $2.13 in the next few days, followed by a brief pullback. Dark Defender also predicts that after this pullback, the price will further pump as XRP continues to attract bullish sentiment. Confirming a breakthrough of $2 could pave the way for a multi-year high, while failing to break this level could lead to short-term Fluctuation. Given its historical significance and current market dynamics, the $2 mark is both an opportunity and a challenge for XRP. Now everyone is following whether the Token can reclaim this milestone and move towards a higher path. This week, XRP surged more than 50%, with a new wave of demand continuing to drive its price to new supply levels. This bullish momentum has sparked great interest among investors and analysts, many of whom are speculating on the next move of the Token. Top analyst and investor Dark Defender shared detailed Technical Analysis of X, focusing on the evolving market structure of XRP on the 4-hour chart. According to his insights, XRP is likely to soon reach $2.13 and then face a potential pullback. Dark Defender's analysis also identified key resistance levels within a 4-hour time frame. It is worth noting that the resistance levels at $4.11 and $6.42 align with his secondary price target of $5.85, followed by a retest of the support level at $1.88. If the current uptrend continues, these levels will provide a roadmap for XRP's price movement. As XRP approaches these key price areas, the next few weeks will be crucial in determining its direction. While bullish sentiment is dominant, the possibility of a correction or consolidation still exists. A decisive breakout above $2.13 could open the door to new highs, but failure to hold key levels could trigger short-term fluctuations. Currently, XRP's outstanding performance and emerging demand have made it one of the most followed assets in the cryptocurrency market. XRP's current stock price is $1.88, and it has been performing well since November 5th, with a staggering increase of up to 285% in less than 30 days. The price recently touched the key level of $1.95, after which it entered a period of consolidation, showing strong momentum and the potential to break through the key $2 mark. This consolidation indicates that XRP is accumulating the necessary fuel for a potential breakthrough. In the strong market sentiment and the rising demand supported, PA remains firmly bullish. Analysts are closely following the top of the cycle at $1.97, as a breakthrough of this level may herald the start of a new pump. Confirming the breakthrough of $1.97 will not only strengthen the bullish structure but may also propel XRP to unprecedented highs, consistent with the forecast of parabolic Rebound. However, the consolidation near these levels suggests that XRP is facing temporary resistance. Market participants are currently following key support areas to ensure the current bullish momentum remains intact. If upward pressure persists, XRP's next target could quickly surpass historical levels, solidifying its position as one of the leading assets in the cryptocurrency field. Currently, as XRP approaches the $2 threshold, it remains the focus of traders and investors. (Data Source: Sebastian Villafuerte)

DOGE Liquidity Clearing Signal is ready for Rebound DOGE has been experiencing severe Fluctuation, soaring 44% since October 10, then dropping 9% afterwards. This dramatic price movement has made analysts and investors cautiously follow the market, uncertain about DOGE's next move. Some people believe that, driven by renewed interest and momentum, DOGE is preparing for a large-scale pump. In contrast, others are skeptical and believe that DOGE may be entering a consolidation phase. Top cryptocurrency analyst Bluntz recently shared Technical Analysis on DOGE, emphasizing its Fluctuation in price within 4 hours. According to Bluntz, the price has Fluctuated on both sides of this range, causing typical Liquidity sweep before significant price changes. As DOGE is still in this turbulent environment, market participants are eagerly awaiting further signs to determine whether the next trend is a pump or a period of consolidation. Following the recent price Fluctuation, DOGE is testing key Liquidity levels in supply and demand. Market turbulence and uncertainty have intensified investors' panic, with many expecting DOGE to Rebound in the coming weeks. Top Cryptocurrency analyst Bluntz recently shared the Technical Analysis of X, focusing on the 4-hour DOGE chart, showing a trading range between $0.15 and $0.133. Bluntz pointed out that PA first swept both sides of this range (first the high point, then the low point), and then was taken back, which usually indicates Liquidity sweeping. This kind of PA usually appears before a larger directional trend, and Bluntz believes that this may create a bullish situation for DOGE in the short term. He believes that once DOGE decisively breaks through this established range, there may be a significant pump and the potential to propel DOGE to new highs. However, despite Bluntz's optimistic view bringing hope to investors, the current volatility and market uncertainty of DOGE may still lead to Sideways consolidation, followed by a major breakthrough. Investors are closely following the breakthrough of $0.15, which may herald the beginning of the expected pump trend. After five days of intense fluctuation and uncertainty, the trading price of DOGE (DOGE) is $0.136. Over the past two weeks, the price has soared and is currently holding above the key resistance level of $0.12, which served as a strong resistance in September and has since turned into a crucial support level. This price point is crucial because maintaining it could indicate further bullish momentum. The daily 200 MA at $0.128 is another key support level for DOGE. Maintaining strength above this MA will indicate long-term stability for DOGE and may push supply levels to rise. However, if the price falls below this level, it may trigger a retracement, leading to a recent Rebound similar to a short-term 'pump and dumping' scenario. If DOGE successfully holds the $0.12 area, it may enter a healthy consolidation phase, laying the foundation for sustained pump. Investors will closely follow this level to determine whether the recent price movement can maintain momentum or will further decline. (Data source: Sebastian Villafuerte)

BTC handle cascade: Analysts say that if this structural path is followed, BTC prices could reach $230,000. A cryptocurrency analyst predicts that BTC will experience a significant pump, similar to the breakthroughs of traditional assets such as gold and the S&P 500 index. Based on the Technical Analysis of the current price movement, BTC is showing a cup and handle pattern, which could propel it to a bullish price target of over $230,000. Based on Technical Analysis, BTC seems to have formed a typical cup and handle pattern within the maximum time range, which is a bullish continuation pattern that usually leads to a significant pump in price. This pattern typically indicates a period of consolidation, followed by an upward breakthrough. If this pattern fully plays out, BTC may soar to new highs. In a recent analysis shared on social media platform X by technical analyst Gert van Lagen, the cup and handle pattern of BTC was compared to similar patterns observed in gold and the S&P 500 index. Van Lagen pointed out that gold went through a similar setup with the cup and handle pattern, ultimately leading to a full Bull Market Rebound in 2023. This breakthrough pushed gold to new highs and has been continuing until the time of writing, with the current trading price of gold exceeding its historical high of $2,730. Similarly, the analyst also emphasized a similar cup and handle pattern in the S&P 500 index, which ultimately led to a Rebound starting at the end of 2023, and eventually led the index to set a new high. Van Lagen emphasized that since the bear market in 2022, BTC has been depicting a similar pattern. When BTC hit a historical high in March, the 'cup' part of this pattern had already been completed. Now, BTC is forming the 'handle' part of this pattern, as this Crypto Asset has not yet returned to its historical high in the past seven months. If the handle pattern ends and a breakout occurs, BTC may be about to experience a strong Rebound, just like gold and the S&P 500 index did during their respective pump periods. Van Laarhoven said that BTC "is expected to follow the structural trends of the S&P 500 index and gold." In terms of price targets, he predicts a target price of $230,000 for BTC. At the time of writing this article, the trading price of BTC is $67,350. To reach the price level of $230,000, it would require a pump of 197% compared to the current price. Interestingly, VanEck's prediction is just one of several bullish viewpoints that have resurfaced, as BTC has been on a positive trajectory since the second week of October. BTC has pumped about 13.5% from $59,500 on October 10, prompting a return of bullish sentiment. According to reports, this has led to long-term holder increasing their holdings of BTC, currently holding about 2.9 million BTC. Another analyst pointed out that by January 2025, the value of BTC is expected to double, reaching $130,000. (Data Source: Scott Matherson)

XRP Price Prediction: Analysts Say God Candle Will Push Price Up to $57 Cryptocurrency analyst Amonyx has made an extremely optimistic price prediction for XRP, predicting that the CryptocurrencyToken may reach double digits at some point. Despite the conclusion of the case between Ripple and the U.S. Securities and Exchange Commission (SEC), XRP's performance remains poor. Crypto analyst Amonyx mentioned in a post on X (formerly Twitter) that a huge god candle is loading, which will push the price of XRP to $57. According to the chart shared by the analyst, Crypto Assets will rise to this price level at some point next year, possibly at the peak of this market cycle. The analyst failed to provide any insights as to what caused XRP to reach such ambitious price targets. However, a recent post by the analyst suggests that the potential launch of Spot XRP ETF could propel this encryptionToken to unprecedented heights. Spot XRP ETF is a catalyst mentioned by other cryptocurrency analysts (such as Common Sense Crypto), explaining why the price of XRP may even reach three digits. XRP ETF will undoubtedly lead to new funds flowing into the XRP ecosystem, causing the price to soar. However, it is still uncertain whether such a fund can push XRP to such a high level. After the recent settlement between Ripple and the SEC, the possibility of launching a Spot XRP ETF seems higher. However, members of the XRP community may have overly high hopes for the launch of such funds and their impact on the XRP price, especially after seeing the performance of Token after the end of the lawsuit. The resolution of the case between Ripple and the SEC is expected to act as a catalyst, pushing XRP to $1 in the short term. However, XRP has not shown signs of reaching this price level in the short term, as it has failed to break the 0.6 dollar resistance level even after Judge Analisa Torres' recent ruling. Cryptocurrency analyst Javon Marks has made a more optimistic prediction for XRP's price, stating that a bullish breakthrough based on the logarithmic tracking indicator could push the CryptocurrencyToken to $263. The analyst added that this bullish breakthrough is entirely possible and pointed out that XRP is approaching a convergence point of '7-year consolidation/pattern development'. He added that the cryptocurrency also shows multiple bullish signals, indicating that this bullish breakthrough may occur at some point. According to the data, at the time of writing this article, the trading price of XRP is about $0.56, which has dropped by more than 2% in the past 24 hours. (Data Source: Scott Matherson)

Viewpoint: If ETH spot ETF can attract 10%-20% of the fund flow of Bitcoin ETF, it will push the price to pump above $4000. QCP Capital posted on its official channel that the spot price of ETH rebounded significantly from the morning low of $3,400 today, with implied volatility rising to 65% in the front end. Despite the uncertainty surrounding the acceptance of ETH spot ETF, capturing 10-20% of the Bitcoin ETF flow may propel ETH to break through $4,000.

The king of cryptocurrencies returns to the throne: Bitcoin soars to $71,000, how much higher can it go? Bitcoin (BTC) is the largest cryptocurrency in the market, once again surpassing the important milestone of $70,000. After a brief consolidation between $67,000 and $69,000, the price is facing strong resistance at this level. However, the upward momentum suggests that Bitcoin may consolidate above $70,000, paving the way to retest the next resistance level at $71,300 and potentially climb to the all-time high (ATH) of $73,700 set in March. The question remains: will BTC maintain its expected upward trend and continue to soar? Cryptocurrency analyst Ali Martinez emphasized the importance of Bitcoin's breakout from the symmetrical triangle on the BTC/USD 1-hour chart. Assuming the breakout is sustained above the $69,330 resistance level, Martinez believes this could propel BTC to $74,400, setting a new all-time high and potentially beyond. Martinez also emphasized that Bitcoin is currently above the +0.5σ pricing range. According to the analyst, if BTC stays above this range, it may rise and test the 1.0σ pricing range at $79,600. Another analyst, Rekt Capital, pointed out that Bitcoin is once again at the upper range of the re-accumulation range. For Rekt, the outlook for Bitcoin remains the same, with the cryptocurrency entering its parabolic phase of the market cycle as long as the weekly closing price is above the upper range. In addition to the analysis provided by Rekt Capital, it is worth noting that Bitcoin's recent rebound from a historical high in mid-March has shown an accelerated cycle compared to previous market cycles. Rekt Capital observed that this cycle accelerated by 260 days. However, due to several months of consolidation, the acceleration cycle has been reduced to about 170 days. Despite adjustments, the cycle is still accelerating, and breaking through the $73,700 mark will indicate that the acceleration cycle may continue. Market expert Crypto Con supports the view that Bitcoin will maintain a positive trajectory by the end of 2024, based on analysis of the 90-day realized profit and loss ratio (RPLR). According to Crypto Con, the first move with an RPLR value exceeding 11 has been completed, consistent with the peak reached at the end of the previous cycle. The second peak of this indicator represents the 'true cycle top' and is expected to occur between September and January 2025. Crypto Con further emphasizes the importance of considering the logarithmic MVRV (Market Value to Realized Value) ratio, which has attracted widespread attention in this cycle. The logarithmic MVRV uses a convergence channel to accurately identify cycle tops and bottoms. From a data perspective, the progress of the cycle may be more advanced than it appears on the surface. In March 2024, the price reached a level similar to the first peak of each cycle. Fortunately, Crypto Con pointed out that there is still enough room for growth before reaching the peak of the cycle. These observations and analyses indicate that Bitcoin shows strong potential for further appreciation. Whether the cryptocurrency can break through key resistance levels and maintain its bullish momentum will determine its future direction over the next few days and whether it can surpass previous all-time highs. The largest cryptocurrency in the current market is trading at $70,800, up 4.4% in the past seven days. (Data Source: Ronaldo Marquez)

Markets Week Ahead: Gold, EUR/USD, GBP/USD, USD/JPY; Eurozone Inflation, US Core PCE Core PCE deflator data will also be released on Friday. Consensus estimates suggest a 0.3% increase in April, with the annual rate cooling to 2.7% from 2.8, marking a small but favorable directional move. A downward surprise could reignite optimism that the disinflationary trend, which began in late 2023 but stalled earlier this year, is back on track, strengthening the case for the FOMC to pivot to a looser stance at some point in the fall. This should be bearish for the U.S. dollar but positive for stocks and gold. Conversely, if inflation numbers exceed forecasts, interest rate expectations could shift in a hawkish direction, delaying the Fed’s timeline for initiating rate cuts. In this scenario, November or December could become the new baseline for a potential move by the U.S. central bank. Such a development could propel bond yields and the greenback higher, creating a more challenging environment for equities and precious metals. For an in-depth look at the variables that may impact financial markets in the coming week, explore the comprehensive forecasts and analysis offered by the DailyFX team. Our expert analysis may equip you to navigate the dynamic market environment and make smart trading decisions. （Source:Dailyfx-Diego Colman）

Bitcoin's next big move: Analysts predict it could surpass $71,500. Famous cryptocurrency analyst Checkmate's "Xinkuai Bull Market" theory has ignited people's optimism. According to Checkmate, setting a new all-time high may indicate a significant shift in market sentiment. This bull market phase will represent a significant acceleration of bullish momentum, potentially leading to a substantial price increase. Checkmate's theory is based on the Market Value to Realized Value (MVRV) ratio, which compares the current market value of Bitcoin to the total value paid for all Bitcoins in circulation. Historically, when the MVRV ratio climbs above one standard deviation from its average, it often indicates a shift to a "joyful bull market" phase. However, Checkmate warns that Bitcoin does not always follow the script on the first attempt. The market often exhibits cautious behavior, and Bitcoin may make multiple attempts to break through this key MVRV level before achieving a decisive breakthrough. Bitcoin's recent consolidation period occurred after the surge of Alpha Cryptocurrency to a six-week high of $71,950. Despite a slight pullback, Bitcoin is still comfortably trading near the $70,000 level, with healthy daily trading volume. This price action suggests a pause before the next significant move, making it a tense waiting game for traders and investors at the moment. Rekt Capital, a cryptocurrency analyst, has become a key voice in this ongoing debate. Rekt Capital believes that closing above $71,500 on the weekly candle chart could be a significant catalyst. If this milestone is achieved, it could trigger a surge in bullish momentum and propel Bitcoin towards a significant rise. However, Rekt Capital also acknowledges the possibility of an extended consolidation phase. Historically, Bitcoin has shown a tendency to consolidate within a reaccumulation range for several weeks before experiencing a breakthrough. Rekt Capital believes that this expanded consolidation will bring Bitcoin closer to the historical halving cycles that have occurred before major bull markets in history. Meanwhile, other analysts predict that 2025 could be a landmark year for leading cryptocurrencies globally. Driven by historical price trends and upcoming Bitcoin halving cycles, the high-end forecast of $168,459 represents astonishing potential growth. Supporting this optimistic sentiment are technical indicators pointing to a "bullish" market sentiment and a significant amount of "extreme greed". However, reality is necessary. The huge difference between the predicted highest price and the lowest price ($69,971) highlights the inherent uncertainty in these predictions. The notorious volatility of Bitcoin is evident in the 4.47% price fluctuation in the past 30 days, which further complicates things. While this level of greed indicates investor confidence, it may also be a warning signal of a potential market adjustment. (DataSource: Christian Encila)

Jan3 CEO: Halving combined with a surge in demand for Spot Bitcoin ETF could push the Bitcoin up to $1 million Samson Mow, CEO of Bitcoin adoption firm Jan3, recently reignited discussions about two key aspects of Crypto Assets: user privacy and future price trajectories. Mow cites Satoshi Nakamoto's vision of privacy in the Bitcoin White Paper, emphasizing its ongoing correlation. Satoshi Nakamoto, the anonymous creator of Bitcoin, envisioned a system whose privacy does not depend on trusted third parties such as traditional banks. Instead, groundbreaking encryption technology employs an anonymous private key system. Although transactions are publicly recorded on the Blockchain, the identities of those involved remain hidden. This approach provides a unique solution to the privacy concerns that plague longest digital transactions. However, Bitcoin's privacy concerns remain tightrope walking. While Anonymity protects user information, the public nature of Blockchain raises concerns about transparency. Regulators and law enforcement are grappling with the potential for abuse, emphasizing the need for a balanced approach. In addition, Mow believes that the recent Halving, combined with a surge in demand for Spot Bitcoin ETF, could trigger the emergence of Omega candles. This convergence has the potential to propel encryption assets to the highly anticipated $1 million price milestone.

Coin World Network Report: Coin World Network reported that Samson Mow, CEO of Bitcoin adoption company Jan3, recently reignited discussions about two key aspects of Crypto Assets: user privacy and future price trajectories. Mow cites Satoshi Nakamoto's vision of privacy in the Bitcoin White Paper, emphasizing its ongoing correlation. Satoshi Nakamoto, the anonymous creator of Bitcoin, envisioned a system whose privacy does not depend on trusted third parties such as traditional banks. Instead, groundbreaking encryption technology employs an anonymous private key system. Although transactions are publicly recorded on the Blockchain, the identities of those involved remain hidden. This approach provides a unique solution to the privacy concerns that plague longest digital transactions. However, Bitcoin's privacy concerns remain tightrope walking. While Anonymity protects user information, the public nature of Blockchain raises concerns about transparency. Regulators and law enforcement are grappling with the potential for abuse, emphasizing the need for a balanced approach. In addition, Mow believes that the recent Halving, combined with a surge in demand for Spot Bitcoin ETF, could trigger the emergence of Omega candles. This convergence has the potential to propel encryption assets to the highly anticipated $1 million price milestone.

Samson Mow, CEO of Bitcoin adoption company Jan3, recently reignited discussions about two key aspects of Crypto Assets: user privacy and future price trajectories, Golden Finance reported. Mow cites Satoshi Nakamoto's vision of privacy in the Bitcoin White Paper, emphasizing its ongoing correlation. Satoshi Nakamoto, the anonymous creator of Bitcoin, envisioned a system whose privacy does not depend on trusted third parties such as traditional banks. Instead, groundbreaking encryption technology employs an anonymous private key system. Although transactions are publicly recorded on the Blockchain, the identities of those involved remain hidden. This approach provides a unique solution to the privacy concerns that plague longest digital transactions. However, Bitcoin's privacy concerns remain tightrope walking. While Anonymity protects user information, the public nature of Blockchain raises concerns about transparency. Regulators and law enforcement are grappling with the potential for abuse, emphasizing the need for a balanced approach. In addition, Mow believes that the recent Halving, combined with a surge in demand for Spot Bitcoin ETF, could trigger the emergence of Omega candles. This convergence has the potential to propel encryption assets to the highly anticipated $1 million price milestone.

Ethena's (ENA) Critical Role in Bitcoin's Bull Run: Experts Identify Key Factors for Sustainable Growth The recent volatility in the Bitcoin (BTC) price and its difficulty consolidating above the $70,000 mark have raised questions about the sustainability of its ongoing bull market. However, market expert Charles Edwards, co-founder of Capriole Invest, believes that Ethena Labs (ENA), a decentralized finance (DeFi) protocol, could significantly prolong and propel the Bitcoin bull market to new heights. In a recent post published on the social media site X (formerly known as Twitter), Edwards said that Ethena's actions, such as limiting overleverage in the derivatives market and reducing spot supply, could push the price of Bitcoin higher for a longer period of time. To further explain why Edwards raised this possibility, on April 4, Ethena Labs announced its intention to engage in cash-and-carry transactions involving Bitcoin. According to the protocol's announcement, Ethena Labs can manage risk and provide more stable support for its products by buying and shorting Bitcoin. One of the key factors highlighted by Edwards is Ethena's ability to limit overleverage in the Bitcoin derivatives market. By doing so, Ethena aims to prevent excessive risk-taking and potential market instability. In addition, Ethena's removal of spot supply from the market could alleviate selling pressure, which could support Bitcoin's price and prolong the bull run. The protocol also states that the Bitcoin derivatives market offers superior scalability and liquidity compared to Ethereum (ETH). This feature reportedly makes Bitcoin a suitable asset for hedging against Delta, a risk management strategy employed by Ethena. Ethena has $25 billion of Bitcoin open interest available for Delta hedging, and its synthetic dollar product, USDe, has significantly increased its ability to scale. In its announcement, Ethena Labs noted the following: In just one year, open interest in BTC on major exchanges (excluding CME) has grown from $10 billion to $25 billion, while ETH OI has grown from $5 to $10 billion The BTC derivatives market is growing faster than ETH and offers better scalability and delta-hedged liquidity. While Edwards' statement was optimistic about Ethena's impact on Bitcoin's bull run, one user expressed concern about the potential negative effects. Edwards acknowledges that execution risks, such as escrow failures or Delta neutral failures, can have adverse effects. Edwards considers custody risk to be the most important risk in this situation. However, he stressed that any negative impact is likely to be short-lived, and market forces will ultimately determine Ethena's net annual yield (APY). In short, by limiting the over-leverage of the market in the future and reducing the spot supply, Ethena could significantly support the price of BTC and prolong the current bull run. Currently, the BTC price has fallen sharply, falling to the $68,800 level. This represents a 4.3% drop compared to Monday's price. At the same time, Ethena's native token, ENA, also followed the overall market downtrend, mirroring the price action of BTC, falling by 4%. Currently, ENA is trading at $1.22. (Source: Ronaldo Marquez)

PANews, March 1, according to Reuters, according to a report released on Friday by Bank of America Global Research, investors injected the most Long of money into technology stocks in the week ending Wednesday, and doubled the amount they invested in Crypto Assets. Bank of America, citing EPFR data, said inflows into technology stocks reached $4.7 billion, the highest since August last year, and annualized inflows are on track to hit a new record of $98.8 billion. Crypto Assets inflows rose to $2.4 billion in the latest week from $1.2 billion the previous week as investors flocked to exchange-traded funds, helping to propel Bitcoin to record highs.

Odaily, Solana's ecosystem developer platform, Helius, announced the closing of a $9.5 million Series A funding round led by Foundation Capital with participation from Reciprocal Ventures, 6th Man Ventures, Chapter One and Propel.

Polkadot (DOT) float Market Cap soars to $8.3 billion, up 111% As stated in a recent report, Polkadot, a computing platform known for its interoperability and scalability, has shown significant growth on key metrics in the second half of 2023. According to the survey results, Polkadot's outstanding Market Cap increased by 111% month-on-month to an impressive $8.38 billion. This growth outpaced the 54% growth of the Crypto Assets market as a whole over the same period. In addition, Polkadot's year-over-year change reached 94%, cementing its position among the top 15 Crypto Assets projects by Market Cap. This growth outpaced the 54% growth of the Crypto Assets market as a whole over the same period. In addition, Polkadot's year-over-year change reached 94%, cementing its position among the top 15 Crypto Assets projects by Market Cap. In terms of revenue, Polkadot grew significantly by 2,880% sequentially, reaching $2.8 million in revenue for the fourth quarter of 2023. This growth is primarily attributed to significant external growth driven by the introduction of Polkadot Inscriptions. The data says that even excluding the four-day peak in Inscriptions, Polkadot's revenue will double from the previous quarter. It's worth noting that due to the structural design of its network, Polkadot tends to have relatively low revenues compared to its competitors. Following the launch of OpenGov (the governance module and framework within the network) in June, the Polkadot Relay Chain saw a surge in account activity, largely due to increased governance engagement. Because Relay chain is critical to facilitating the governance process, it experienced a surge in active Address on October 24, when users claimed their locked DOT Token from the first parachain auctions held two years ago. Throughout the fourth quarter, the Polkadot Relay Chain averaged more than 10,000 daily active addresses, a significant 90% increase quarter-over-quarter. Excluding DOT Token-related activity on Oct. 24, the average number of active Address still increased by 70% month-over-month to 9,000. In addition, Cross-Chain Interaction (XCM) transfers on the platform increased by 150% month-over-month to an all-time high of 133,000. In 2023, the total number of active XCM channels almost tripled, reaching 203 by the end of the year. According to Electric Capital's ranking, Polkadot has 800 full-time developers and 2,100 total developers, making it one of the most engaged crypto ecosystems among developers. DOT price performance is mixed. Despite the significant growth in key metrics that show the expansion of the network, the price of Polkadot's native TokenDOT has not followed suit and has even experienced a positive development and even a decline over a longer period of time. Currently, DOT is trading at $6.7420, with a modest 0.3% increase in the price over the past 24 hours and a 9% year-to-date gain. However, over the past 14 and 30 days, the Token's price has fallen by 6% and 22%, highlighting the lack of bullish momentum and catalysts that could propel DOT to higher levels. Although it hit a 19-month high of $9.5711 on December 26, the subsequent price drop has brought DOT to a critical moment that threatens to erase past year gains. If the current level and its nearest support level of $6.3229 fail to prevent the price from falling further, the DOT could fall to the $5.4830 level, which is the next major support level in the Token's 1-day chart. Conversely, if the DOT breaks above its upper resistance at $7.0392, the next target will be to break the short-term downtrend structure, facing the $7.5332 resistance and another resistance at $8.1631. This will pave the way for another consolidation phase at the 19-month high. (Source: Ronaldo Marquez)

According to official news, the RWA ecosystem TProtocol announced the completion of an Angel Round round of financing, with Summer Capital, Matrixport Venture, Spark Digital Capital, etc. participating, and the specific financing amount has not been disclosed. The new funding will be used to propel TProtocol into a full-fledged Blockchain RWA aggregator. It is reported that TProtocol aims to empower RWA issuers to achieve on-chain, cross-chain interaction and asset listing within the TProtocol platform.