Movement Labs co-founder Rushi Manche said in an interview that the Decentralization Physical Infrastructure Network (DePIN) must overcome the lack of cohesive narrative to achieve widespread adoption. DePIN has such a diverse range of use cases, many of which are highly technical, making it often challenging to market the project to the public or align the product with the market. Nevertheless, the industry's prospects remain bright, citing the support of encryption policies by U.S. President Donald Trump as a reason for optimism.

XRP Breakout: Can it soar to $100? Analysts share their predictions Market participants in the Crypto market are following XRP. There is a continuous rebound between the trend lines, forming a symmetrical triangle pattern as mentioned by analysts. As this pattern has appeared as early as 2018, this digital asset may be gearing up for a big move - but how will it unfold? From the sharp-eyed market sentinels predicting a potential big pump of XRP to those treading on thin ice, the Cryptocurrency community is filled with various predictions. This pattern shows the struggle between buyers and sellers, which could mean that once the struggle is over, its value will experience a big pump or big dump. The price of XRP has been stable at the level of $0.57, which is considered a key support level. Historically, this level has held up well and prevented the fall of the token from going too low. Recently, the volume has rebounded, which often indicates that something big is about to happen. If XRP breaks the upper trend line of the triangle, long positions may take control and push the price to new highs. Although some people (such as analyst Xaif.03) predict that BTC will rise to $100, there is little concrete evidence to support this prediction at the moment. However, these people have a clearer view than ordinary people. But things are not all bright. The Relative Strength Index is 54, right in the middle. This data does indicate that the market is neither oversold nor overbought, so there is a high possibility of a rebound or further consolidation. Despite some degree of uncertainty, some analysts remain optimistic. Renowned figure in the Crypto field, Alan Santana, believes that XRP is currently in an accumulation phase. According to him, the Token will go through this phase after the Bear Market, followed by a sharp price surge. According to his prediction, if XRP's recovery year in 2023 follows the bear market in 2022, it will pave the way for accumulation in 2024. This scenario has occurred once; therefore, we may anticipate a strong Bull Market for XRP in 2024 or the following year. Of course, the cryptocurrency market is unpredictable, and past performance does not always guarantee future results. However, not everyone believes that XRP is in a breakout. Some analysts warn that while the symmetrical triangle pattern is powerful, it is not always effective. The market can easily consolidate sideways for several months, which may frustrate traders. Another analyst, Cryptorphic, also reiterated some resistance levels that AltCoin needs to break through to prevent further decline in its value. He pointed out that the support level around $0.41-0.42 has been very solid, however, it is currently difficult to achieve this support level without major news supporting the rise of XRP. (Data source: Christian Encila)

German Bitcoin sell-off shakes the market, Ethereum is expected to break $5,000 In the face of the overall drastic fluctuations in the encryption currency field, Ethereum has shown a certain resilience. In a week when Bitcoin fell under pressure from German economic policies, Ethereum still maintained a level of over $3,000. Ether holder are closely watching the significant changes in the cryptocurrency field; many of them are focusing on the milestone of potentially reaching $5,000. When the German government decided to sell about 5,000 BTC (90% of its Bitcoin holdings), the cryptocurrency market was shaken. While Bitcoin struggled to maintain its value above $57,000, Ethereum demonstrated remarkable resilience, staying above $3,000 throughout. Experts and investors in the field have noticed this performance difference, and now people are predicting how Ethereum will resist market forces in the coming days or weeks. If Ethereum remains secure during this uncertain period, it may mean that it is no longer affected by changes in the Bitcoin market. This will have a huge impact on the entire encryption currency business. After the Bitcoin sell-off in Germany, the wider encryption community is eagerly anticipating the approval of the Ethereum ETF. If this event comes to fruition, Ethereum could reach a significant turning point in institutional investment. The launch of ETH ETF has brought some hope to the market, as many people are speculating that the price of ETH will rise significantly. However, the impact of this approval is still unclear, so investors should treat these changes with caution. Although many analysts believe that the price of Ethereum will soar, even with optimistic predictions abound, technical indicators also show a more complex situation for Ethereum's existing condition. Renowned cryptocurrency expert CryptoPatel believes in the bright future of Ethereum and predicts that its price will continue to rise, possibly reaching $5,000 soon. His findings reveal significant support levels and resistance levels, both of which will have an impact on the future trend of ETH. According to his observation, the green box represents an important support area, ranging from $2,800 to $3,000. Maintaining this support level is crucial for the optimistic forecast of the top altcoin price. If Ethereum continues to move steadily within this green range, it could reach $5,000. Meanwhile, according to the data provided by the encryption prediction platform, Ether will rise by 3.68% by August 13, 2024. On the other hand, the fear/greed index shows some negative sentiment. Ethereum had a 50% increase last month. Due to these signs, experts suggest that you should not buy anything now. These contradictory signals make it difficult for people to predict the performance of altcoins in the coming weeks or months. The market remains cautious, but there are signs of improvement in the future. (Data Source: Christian Encila)

The ownership of Dogecoin has transferred: as the price drops and the number of whales decreases, who will take control now? As the cryptocurrency market experiences another period of turmoil, there has been a major change in the ownership structure of Dogecoin. The latest data shows that the main holders of Dogecoin (those holding more than 0.1% of the total supply) are reducing their positions. The reduction in positions by these whales has been ongoing over the past year. Specifically, the share of Dogecoin controlled by these large investors has decreased from 45.3% to 41.3%. This trend suggests that ownership may be decentralized, or there may be a strategic shift in the holdings of larger investors, perhaps in response to market conditions or broader cryptocurrency trends. Meanwhile, the holdings of major stakeholders are decreasing, while those of retail and mid-sized investors are increasing. These small investors seize the opportunity to accumulate more Dogecoin, increasing their collective holdings in the total supply. The redistribution of Dogecoin holdings may indicate an increasingly democratized investment pattern for this particular cryptocurrency. As more individuals and small investors become important stakeholders, the market's dynamic response to news and events may change, potentially leading to increased market stability or different fluctuation patterns based on the trading behavior of these new majority holders. Meanwhile, the divergence of Dogecoin holdings stands in stark contrast to the current market situation, with the price of Dogecoin dropping nearly 10% to $0.211 in the past 24 hours. This decline is part of an overall market downturn, with cryptocurrency values falling 12.5% in the past week and market capitalization dropping below $18 billion. The downward trend in Dogecoin prices has had a significant impact on traders. According to data, 165,199 traders have been liquidated in the past 24 hours, resulting in a total liquidation amount of 459.04 million dollars. Only dogecoin traders face losses of about $61.89 million. Clearing in the cryptocurrency market refers to the forced closure of leveraged positions due to the partial or total loss of the trader's initial margin. This occurs when they are unable to meet the margin requirements for the leveraged position. Despite the prevalent bearish trend, the sentiment is not universally negative. The report suggests that people's sentiment towards Dogecoin has declined, indicating that the current low price may provide buying opportunities for patient investors. This view is consistent with the observations of market analysts, who see the potential for recovery. In particular, Trader Tardigrade, a renowned X cryptocurrency analyst, described the 'spoon pattern' in Dogecoin price movements, indicating a potential bullish trend. Meanwhile, cryptocurrency analyst Javon Marks predicts that Dogecoin will experience a significant pump. Based on historical performance, he expects the price to skyrocket and foresees a bright future for Dogecoin, which is currently at a low point. (Data source: Samuel Edyme)

On June 12, the Golden Ten Data reported that, according to a survey by the global market research firm TrendForce, the first quarter saw a traditional off-season for consumer terminals. Although there were occasional urgent orders in the supply chain, most of them were individual customer inventory replenishment behaviors, and the momentum was slightly weak. At the same time, the demand for automotive and industrial control applications was affected by factors such as inflation, geopolitical conflicts, and energy. Only AI servers, under the trend of global CSP giants investing heavily and enterprises deploying large language models (LLMs), emerged as the only bright spot supporting the supply chain in the first quarter. Based on these factors, the quarterly output value of the top ten global wafer foundries in the first quarter decreased by 4.3% to $29.2 billion.

On June 11th, Jin10 Data reported that HSBC economists stated that the Bank of Thailand may choose to keep policy rates unchanged on Wednesday, "there is more room for maneuver to focus on the long-term agenda of reducing household debt." HSBC stated in a report that Thailand's economy grew by 1.5% year-on-year in the first quarter, far below potential levels, but much higher than the expectations of the Bank of Thailand or most other institutions. The driving factor is very important: surprisingly, the growth rate of private consumption and investment in the first quarter is higher than the trend level. HSBC believes that this sets a bottom line for the extent to which economic growth may slow down and shows the limitations of interest rate cuts in stimulating economic growth. The bank believes that with the improvement of PMI and the expected recovery of government spending, the growth prospects are bright enough to alleviate the pressure on the Bank of Thailand to reduce spending.

According to Golden Finance, Morgan Stanley Wealth Management CIO Lisa Shalett said that the U.S. stock market will continue its upward trend in the second half of 2024, albeit at a slower pace. "Between now and the end of the year, the path of least resistance is for the market to move higher." Still, investors should have "modest expectations" for stock returns between now and December, with the S&P 500 pump up 12% year-to-date, Shalett added. Despite her optimism, Shalett said this year's expansion in corporate profits has already been reflected in stock prices, and as 2024 continues to advance, investors will need to start "borrowing" expectations for 2025. On the bright side, she expects earnings to extend to all zones of the market, not just the mega-cap tech giants that have driven most of the pump since last year.

On June 7, Lisa Shalett, CIO of Morgan Stanley Wealth Management, said that the U.S. stock market will continue its upward trend in the second half of 2024, although the pace will slow down. "Between now and the end of the year, the path of least resistance is for the market to move higher." Still, investors should have "modest expectations" for stock returns between now and December, with the S&P 500 pump up 12% year-to-date, Shalett added. Despite her optimism, Shalett said this year's expansion in corporate profits has already been reflected in stock prices, and as 2024 continues to advance, investors will need to start "borrowing" expectations for 2025. On the bright side, she expects earnings to extend to all zones of the market, not just the mega-cap tech giants that have driven most of the pump since last year.

According to Watcher.Guru's report on the X platform, US Senator Cynthia Lummis said, "The majority of both parties in Congress support cryptocurrencies, and the future is very bright."

MANEKI broke through $0.009, with a 24-hour increase of over 35%. According to Gate.io market data, Solana on-chain Meme coin MANEKI briefly touched $0.009 and is currently priced at $0.00898, with a 24-hour increase of 36.4%. According to the official introduction, MANEKI is a Meme with the image of a Japanese lucky cat, representing good luck, success, and prosperity. The following video is the official release video of MANEKI, conveying to users a bright future for MANEKI with its catchy electronic music and rhythm.

The British economy is rebounding strongly from last year's technical recession, said James Smith, an economist at ING Group. "The most important thing is that the UK economy is entering a brighter period," Smith said, adding that GDP grew 0.6% quarter-on-quarter from January to March, better than expected, although there were fluctuations in some data components. He said there are many signs that the economy will continue to grow. With inflation easing, real income will increase and the mortgage tightening will soon end. The rebound in March provides a good starting point for the second quarter, and the growth rate in the second quarter is likely to reach 0.4% or 0.5%.

Tron Price Prediction: TRX Outperforms Bitcoin, Can It Touch $0.132? Recently, Bitcoin and Ethereum fallen below $63,500 and $3,100, respectively. However, the Tron price remained steady above the $0.1180 support level and even climbed. A good move has been made above the $0.120 resistance zone. The TRX price cleared the 50% Fib retracement level that falls from the $0.1239 fluctuation high to the $0.1181 low. In addition, the key falling trend line was broken on the 4-hour chart of the TRX/USD coin pair, with resistance level at $0.120. The Tron price is currently trading above $0.1220 and the 100 simple MA (4-hour). On the bright side, the initial resistance level is near $0.1250. The first major resistance level near $0.1275, the 0.1239 Fib extension of the downtrend from the $0.1181 Fluctuation high to the $0.6181 low, above resistance level which the price could accelerate higher. The next resistance level is near $0.1320. Closing Price above the $0.1320 resistance level could push the TRX further higher to $0.1365. The next major resistance level is near $0.140 and longest bulls could pump further up to $0.150 above this resistance level. If the TRX price fails to break above the $0.1250 resistance level, a downward correction may begin. The initial support level for the downside is near the $0.1220 area. The first major support level around the $0.1195 level or 100 simple MA (4 hours), below which support level could test $0.1180. In the event of a more long loss, Tron could rise to the support level of $0.1150 in the following trading session. Technical indicators: 4-hour MACD – The TRX/USD MACD is gaining momentum in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI of TRX/USD is currently above the 50 level. Major support levels – $0.1220, $0.1195 and $0.1180. Major resistance levels – $0.1250, $0.1275 and $0.1320. (Source: Aayush Jindal)

Golden Ten Data on May 9, CITIC Securities Research Report said that the performance of the low-short economic zone in 2023 and 2024Q1 is under pressure, and the current industry valuation is close to the three-year average valuation level. The low-shorter economy is China's new economic development engine and a member of the new quality productive forces. Among them, eVTOL is a bright spot in the development of low-short economy, and its development is expected to drive the technological progress and demand for core materials and components such as upstream motors, structural parts, and batteries. Optimistic about the fundamentals of amorphous motors, carbon fiber structural parts, solid-state batteries and other materials and parts that resonate with the theme concept of low-shorter economy.

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币界网报道：The year 2024 marks the Year of the Dragon, a time of evolution, improvements, and abundance in the crypto space. In this guide, we have identified the 5 best cryptos to buy now to maximize returns: KangaMoon （KANG）, Internet Computer （ICP）, Optimism （OP）, Chainlink （LINK）, and Render （RNDR）. Each project has shown significant growth potential and real-world utility. KangaMoon, in particular, is a community-driven P2E, Social-Fi platform with massive growth potential. The best crypto to invest in today depends on multiple factors such as market capitalization, price performance, and real-world utility. Out of our list, we have chosen KangaMoon （KANG） as the best cryptocurrency to buy now due to its community-driven approach, robust eco_, and massive growth potential. The future looks bright for crypto investors in 2024!

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coin As the Bitcoin Halving events have passed, some excellent alternative coin with explosive potential in 2024 include Near Protocol (NEAR), Solana (SOL) and KangaMoon (KANG). Just in the last presale phase, KANG raised longest $5.5 million and now aims to reach $6 million by the end of April. Given its bright prospects, analysts believe that this altcoin will hit new highs in the coming months, making it one of the best investments

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