UFT made a high of $0.68 today and achieved our second target. That is more than 55% profit from our entry level.
Читать полностью…FIDA BTC pair made a high of 942 today. That is more than 47% profit from our entry. You can book profit or hold with tight stop loss.
Читать полностью…Educational Post
What Is MEV?
When this concept was first introduced, it was mostly associated with the Ethereum network, which used a proof-of-work (PoW) consensus mechanism at the time. As such, miners were the ones with the power to reorder, include, or exclude transactions when producing blocks, and could make these choices to squeeze out extra value.
This led to the term Miner Extractable Value being coined to explain the phenomenon of this extraction of as much extra profit as possible. However, in September 2022, Ethereum finalized The Merge, a technical upgrade that switched the network’s consensus mechanism from PoW to proof-of-stake (PoS).
As such, new blocks on the Ethereum network are no longer created by miners but by validators. PoS systems aren’t immune to MEV, however. Blocks are still being created, so whoever chooses which transactions to include, and in what order, can make decisions that will help them to extract as much money from a block as possible. While the old MEV concept still exists, it is now said to stand for Maximal Extractable Value, since it’s no longer exclusive to miners.
ETH is currently heading towards a support zone for a retest. If you missed the opportunity to open a long position earlier, now is a good time to do so. There is a possibility of a bounce from the support area. The overall trend for ETH is bullish, and we anticipate a break of the all-time high soon.
Support Area: $3450-$3570
Resistance Area: $3950-$4000
YFI analysis:
The current price is attempting to remain above the resistance area. If it manages to stay above this level, we can expect the uptrend to continue. It's advisable to wait for a candle to close above the resistance level before opening new long positions.
As Bitcoin ventures into new territory, it also enters what some call the "euphoria zone," marked by shifts in mood and behavior. According to Glassnode's on-chain data, Bitcoin's Realized Cap, which measures the total wealth stored in the network, has surged to $504 billion, with a $40 billion increase in March alone.
Читать полностью…Bitcoin is currently showing a small rising wedge on lower time frames. This is typically a bearish pattern and often breaks in a downward direction. It's important to note that support on the downside is in the $69,000-$70,000 area. If the price remains above this level, we can expect the upward trend to continue. To protect your positions, it's recommended to set tight stop-loss limits.
Читать полностью…OG analysis:
Price is now testing the major resistance area a break above this is bullish. Better to wait for a clear break and close above the resistance area for new entries.
Support Area: $4.20-$4.40
Major Resistance Area: $5.90-$6.25
Bitcoin experienced a brief dip to the support area of $69,000, but quickly recovered and is now trading above $72,000. It is anticipated that BTC will continue to climb towards $75,000. On lower time frames, Bitcoin is showing a bullish trend as it is making higher highs and higher lows.
Читать полностью…90-day website traffic to crypto exchanges has increased 45% from the Aug-Oct figures, suggesting that retail is gradually returning to the market.
Читать полностью…1INCH has broken above its resistance area and is currently trading above it. You can open long positions if the price retraces to the support area. We may witness a continuation of the upward movement.
Support Area: $0.58-$0.60
Resistance Area: $0.675-$0.70
ETH Analysis :
ETH continue rise with the moving market conditions and reached a resistance area at $4142. The Final Resistance is only its #ATH now and there're rumors that ETH #ETF might come very soon. If you accumulated ETH at bottom just hodl it until the ATH or ETF news and in case of fresh buys, wait for a dip to come.
this represents an on-balance, and back of the envelope net capital inflow into Bitcoin of around $267M/day (−49+17+299). This represents a meaningful phase shift in market dynamics and a valid explanation for the market's rebound towards new ATHs.
Читать полностью…WAXP analysis:
The price has broken above the resistance area and is currently attempting to maintain its position above it. If the candle closes above the resistance area, it will indicate a bullish trend and we can expect the upward movement to continue. You can consider opening a long position near the support area while keeping a tight stop loss.
Support Area Now: $0.0856-$0.089
Resistance Area: $0.106-$0.11
FIDA achieved our third Target and print more than 95% profit from our entry level. Book some profit and hold the rest with tight stop loss.
Читать полностью…NEO analysis:
After a breakout, the price is now retesting the support area where we may see a bounce after some accumulation. Consider opening a long position near the support area with a tight stop loss.
Support Area: $15.10-$16.10
Resistance Area: $18.50-$19.30
Bitcoin ETFs have seen an impressive $65 billion in trading volume thus far in March, surpassing February's total volume in just two weeks! 🚀
Читать полностью…As anticipated, Bitcoin's rising wedge pattern was broken in a downward direction, leading to a decline in its value. BTC was unable to maintain the $69,000 support level, indicating that a correction was necessary. BTC had been rising consistently without any retracement, and a period of sideways movement may occur in the next few days before the next significant movement. This is why we advised you to use tight stop-loss in all open positions.
Support Area: $64,000-$65,000
Resistance Area: $69,000-$70,000
BAL has broken the resistance area and also retested it. If you opened long positions on the retest, you would have made more than 28% profit. You should increase your stop loss and hold the position. The price is currently testing the resistance area, and if it is able to break above this level, we can expect to see a continuation of the upward movement.
Resistance Area: $6.00-$6.20
Next Resistance Area: $7.15-$7.60
1INCH is continuing its upward movement, just as we expected. Our long position has given us a profit of over 19% since we entered the market. It is recommended that you increase your stop loss and hold the long position. The price has tested the resistance area, and we may see another test of this area soon.
Resistance Area: $0.675-$0.70
WAXP has seen a rise in price after testing the support area. If you have opened long positions, we suggest that you increase your stop loss and hold. The long position has given more than an 18% profit since our entry. We are expecting the price to move towards the resistance area soon.
Resistance Area: $0.106-$0.11
Notice of Removal of Spot Trading Pairs - 2024-03-15
https://www.binance.com/en/support/announcement/dd8b8a2c4d2f4616ae5b927b51d31730
KAVA analysis:
The current price is in the process of testing a resistance area. It remains to be seen how the price will react in this area. If the price is rejected, it is likely to move towards the support area. It is advisable to wait for a clear breakout or a test of the support area before entering into new positions.
Support Area: $0.75-$0.80
Resistance Area: $1.08-$1.16
Bitcoin has experienced a significant increase in value after being retested, breaking through the $70,000 resistance level. This has caused a positive sentiment in the market, and BTC is presently trading above this level. The next level of resistance is the $75,000 area, with support now at the $69,000-$70,000 level.
Читать полностью…MicroStrategy has bought another 12,000 BTC for approximately $821.7M, using funds from convertible notes and excess cash, at roughly $68,477 per bitcoin. As of March 10, 2024, Now MicroStrategy holds 205,000 BTC acquired for around $6.91B, with an average price of $33,706 per bitcoin.
Читать полностью…Bitcoin was unable to break above the $70,000 resistance level and retested the support line, indicating a possible retest of resistance. Overall, the market is bullish, and trader sentiment is positive.
Читать полностью…Educational Post
What Are SRC-20 Tokens?
SRC-20 tokens are tokens that utilize the Bitcoin Stamps technology to attach data to Bitcoin. The SRC-20 token standard expands the utility of the Bitcoin network, enabling the creation of fungible assets. It’s likened to the BRC-20 token standard, but the two have several distinct differences. Now, let’s take a look at how SRC-20 tokens work.
How Do SRC-20 Tokens Work?
Through the use of Bitcoin Stamps, which inscribe data onto unspent transaction outputs (UTXOs), SRC-20 tokens ensure immutable data storage. This allows for the creation of tokens that run parallel with Bitcoin's native coin, with transaction fees paid in BTC, while offering similar functionality to other token standards such as BRC-20.
BRC-20 vs. SRC-20
While both BRC-20 and SRC-20 token standards increase the utility of the Bitcoin blockchain, they rely on different methods. Let’s take a look at the key differences between BRC-20 and SRC-20.
Data storage
SRC-20 tokens utilize the Bitcoin Stamps protocol, allowing information storage directly on UTXOs on the Bitcoin blockchain. In contrast, BRC-20 tokens use the Bitcoin Ordinals protocol, which stores information in the witness data. While details in the witness data can be modified by a syncing mode, Bitcoin Stamps data can’t be pruned.
Data pruning
SRC-20 token data stored on UTXOs can’t be pruned, ensuring immutability and permanence. On the other hand, data attached to Bitcoin ordinals can be pruned by nodes, potentially affecting data longevity.
Transaction costs
SRC-20 tokens offer flexible data storage, letting creators attach data of arbitrary sizes. However, larger data sizes result in higher transaction fees. BRC-20 tokens impose restrictions on information size, ensuring standard transaction costs. Additionally, BRC-20 token data is stored in the Witness section of a transaction. That contributes to cheaper transaction costs.
Adoption
BRC-20 tokens have experienced wider adoption, being listed on centralized exchanges, and multiple protocols are developing technologies to embrace them. In contrast, SRC-20 tokens are still in their early stages, with limited wallet and protocol integration.