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According to CryptoPotato, this week's analysis of the cryptocurrency market mainly focuses on Ethereum, Ripple, Cardano, Shiba Inu and Polkadot. After testing the $2,800 support level, Ethereum (ETH) rose 7% this week. Despite hitting a new annual low against Bitcoin, its resistance is at $3,350. If the current momentum continues, bulls may test it. Cryptocurrencies could soon resume their upward trend.

This week Ripple (XRP) price increased by 4%, with buyers eager to test key resistance at 54 cents. The daily MACD has turned bullish indicating that Ripple might be ready for an upswing but needs to break through 54 cents to confirm this. If successful, the next target will be 68 cents.

Cardano (ADA) broke through resistance at 46 cents and is currently expected to move towards 60 cents with a weekly increase of 7.5%. The level of 46 cents has not yet been confirmed as support but could happen as buyers and sellers test strength. The overall tendency of this action is bullish but needs continuation for confidence in ADA's rise.

Shiba Inu (SHIB) aims to break through resistance at $0.000025 if successful; the price could rise to $0.000030.The price found good support at $0.000020 and successfully brought back bulls but still requires significant breakthroughs from current resistances.SHIB's buying volume has increased over past few days indicating optimism about next round of increases.

Polkadot(DOT) remains within range between $6-3-$7-6.However due recent shift towards bullishness in market,buyers seem have upper hand.This weeks closing also saw a price increase by six percent.On daily chart,DOT showed MACD bull cross over last few days along with higher highs.Real challenge would be breaking above resistance level set at seven point six dollars which is also current price target.Significant break from this level could bring prices closer to double digits later this month.

The metaverse cat-raising game CatizenAI on the Ton ecosystem has announced its support for Notcoin (NOT) as a payment method. Users can now choose TON or NOT tokens when making in-game payments. This development marks an expansion of the game's payment options, providing users with greater flexibility. The announcement was made on the X platform, further emphasizing the game's commitment to enhancing user experience and convenience. Integrating NOT tokens into the game's payment system is expected to attract more users and stimulate in-game transactions. However, the impact of this development on the overall performance and popularity of the game remains to be seen.

Coinglass data shows that the total open positions of BTC futures contracts across the network are 493,960 BTC, equivalent to approximately 33.11 billion USD. Among them, CME's open positions for BTC contracts are 152,410 BTC (equivalent to about 10.2 billion USD), ranking first.

Ripple officially released the Q1 2024 XRP market report, showing:

1. The lowest point of XRP price appeared in mid-February and peaked in March, with a volatility level still above 90%;

2. In the spot trading volume of XRP, Binance continues to occupy a large part of the trading volume, but contributions from different exchanges vary. Coinbase, Bitstamp and Upbit also account for a considerable proportion of total trading volume. The distribution of XRP trading volumes across various exchanges remained fairly stable throughout Q1, with Binance, Bybit and Upbit accounting for over 70% of total volume;

3. The percentage of fiat currency to XRP trade pair volumes dropped from 15% last quarter to 11%, most current XRP trade activities are related to USDT;

4. On-chain transaction volume increased by 108%, while average cost per transaction decreased by 45%;

5. As at March 31st,2024 Ripple holds a total amounting to 4,836,166,156 XRPs; ledger-custodied XRPs totaled up to be around about40 billion (40 ,100 ,000 ,005).

The Arweave public test network, Arweave AO, announced on Twitter that the test network has sent over 75 million messages in total. As previously reported, Arweave launched its public test network, Arweave AO, on February 27th for social media and AI design computation layers. In the future, the team plans to conduct multiple audits of Arweave AO before the final mainnet launch in 2024.

Luke Saunders of Delphi Labs has stated that AI agents will drive the next wave of cryptocurrency adoption. Cryptocurrency AI agents already exist and they are becoming increasingly advanced, with users expected to use AI agents more and more to manage their financial lives in the future. This trend is similar to how people transitioned from physical bank branches to online banking.

In addition, AI agents can greatly simplify the process of adopting cryptocurrencies and understanding basic financial knowledge through interactive methods such as dialogue. "People want to know how MetaMask will be replaced or how front-end decentralization will occur. Perhaps the answer is that we won't need any front end in the future; MetaMask will be replaced by an in-wallet AI agent."

According to on-chain analyst EmberCN monitoring, a few days ago the ETH / BTC exchange rate fell to 0.044. User 0x1111, a die-hard bull of the ETH / BTC exchange rate, was forced to retrieve some of his ETH and buy WBTC for repayment in order to reduce his position as it reached the liquidation line. Now that the ETH / BTC exchange rate has rebounded back up to 0.0466, this whale has once again increased its long position on the ETH / BTC exchange rate: borrowing 50 WBTC (3.35 million USD) nine hours ago and selling them for 1069 ETH.

The current health ratio of this whale's position is at 1.07 (with liquidation line at an ETH/BTC exchange rate of 0.0435).

According to Whale Alert monitoring, 11,040,253 SOL ($1,911,291,365) were transferred from an unknown wallet to another unknown wallet.

The data from week 19 monitored by HODL15Capital shows that the holdings of Grayscale GBTC have decreased to 289,426 BTC, while the holdings of BlackRock IBIT have increased to 276,760 BTC.

According to CryptoPotato, the latest analysis from CryptoQuant shows that TON has become one of the best-performing Layer 1 blockchains in 2024. Since the beginning of the year, TON's excess return over Bitcoin has reached an astonishing 118%, a stark contrast to other popular Layer 1 chains' weak performance. Among major blockchains, only TON and BNB have significantly outperformed Bitcoin during this period. This relative strength, coupled with Telegram's powerful network effect, makes TON a particularly noteworthy cryptocurrency in this bull market. Despite initial setbacks, Telegram Open Network (TON) has experienced significant growth over the past year and is now one of the largest projects in the cryptocurrency industry.

This growth can be attributed to its vibrant and ever-expanding ecosystem which attracts more developers and users. Increased participation and innovation within TON blockchain have driven its rise. A notable project on the TON network is Notcoin (NOT), initially a game on Telegram aimed at introducing users to Web3 on blockchain. Recently, Notcoin announced it will donate 10.3 billion NOTs equivalent to $68 million USD to Pavel Durov, founder of Telegram and Telegram itself.

Furthermore, TON's performance was supported by several key collaborations with The Open Network over recent months. Recently renowned stablecoin issuer Tether collaborated with The Open Network for Oobit mobile application for USDT-to-fiat transactions.This move will enable TON users to pay merchants fiat using Oobit’s Tap & Pay technology while spending USDT.The integration of this app will also simplify transactions using tether’s USDT and tether Gold(XAUt)on Ton network.