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Despite Ethereum’s 31.3% price surge between March 10 and 18, there are concerns about the crypto’s ability to maintain this upward momentum. Rising bearish sentiment, decreases in key ETH price metrics, and negative market developments are troubling the ecosystem. There are fears over potential liquidation of some $4.8 billion ETH deposits held in the Grayscale Ethereum Trust, amid declining smart contract transactions and investor interest. Ethereum’s position is further pressured by its competitors like Visa integrating Solana blockchain and Coinbase planning to convert old versions of USDC to a new format.

Following Bitcoin’s recent dip to $25,700, market uncertainty pervades, driven by SEC’s delay of other Bitcoin ETF applications like BlackRock and Fidelity. Factors such as decreasing trading volume, multi-year lows in Google search trends, and record low volatility point towards a prevailing indifferent attitude. Nevertheless, with Solana’s SOL token rising and Visa’s initiative to expand settlement capabilities on blockchain, optimism still persists in crypto space.

Coinbase has increased its debt repurchase initiative to $180 million indicating financial strength, despite reporting a net loss of $430 million in Q1 2022. Meanwhile, Visa expands its support for USDC settlements on Solana blockchain, potentially revolutionizing cross-border transactions despite potential risks.

“The rapid growth of digital currency market showcases colossal potential of stablecoins, with Brevan Howard Digital predicting their scale to reach several trillions. Stablecoins could financially assist the unbanked and underbanked, provide an economic safe haven, and even challenge global financial services.”

Litecoin has taken a downward trajectory recently, dropping by 31% in the last month, and by 1.5% over the past week. However, technical indicators, such as its severely undercut 30-day moving average and a relative strength index indicating a massive oversell, may signal a potential bullish reversal. Despite these signs of improvement, Litecoin’s lack of strong fundamentals may hamper its recovery. As such, the platform advises short-term traders to diversify into newer tokens like Launchpad.xyz.

“BabyX, inspired by Elon Musk’s rebrand of Twitter, surged by 37,000%. Despite this, many traders are shifting towards the Wall Street Memes presale, a less volatile alternative. The battle between BabyX and Wall Street Memes is defining the future of meme coins.”

EDX Markets, a major institutional crypto exchange, is partnering with regulated platform Anchorage Digital. The goal of this collaboration is to bridge traditional finance and the digital asset landscape with the launch of EDX Clearinghouse. This initiative aims to enhance security, governance, risk, and compliance solutions in cryptocurrency.

Altcoins experienced a 4-7% decrease in trading values within a 24-hour period, partly due to rising US government bond yields and a weak US stock market. Meanwhile, SHIBARIUM, a meme coin, surged over 350%. However, there are potential risks involved with an unpredictable crypto world and it’s advisable for investors to make informed decisions based on thorough information.

“Blockchain technology promises a decentralized future, eliminating intermediaries and promoting transparency, data integrity, and traceability. It’s not without issues: irreversible errors, security vulnerabilities, and high energy consumption. The unclear regulatory landscape poses additional challenges and uncertainties for this potentially revolutionary technology.”

“Shiba Inu and Pepe have seen an 8% rise in 24 hours, potentially linked to Ark Bitcoin ETF delay by SEC. Analysts suggest altcoins could rocket ahead of Bitcoin’s next ‘halving’ in 2024. Meanwhile, new meme coins, $SHIB and $PEPE, show promise but investors are urged to conduct due diligence; crypto carries high risk.”