Bitcoin spot ETFs saw net inflows of $5 billion in Q3 2024, demonstrating strong institutional demand for Bitcoin exposure, even during periods of uneventful price movement. This underscores the growing interest from large investors seeking regulated Bitcoin investment avenues.
Читать полностью…Finally, AERGO has broken the triangle pattern and the price is now retesting this level. You can open a long position here with a tight stop loss. We may see a move towards the resistance area.
Resistance Area: $0.117-$0.129
SAGA analysis:
Price is unable to hold the support area and is now trading below it. We may see a reclaim of this level very soon. You can open a long position if the price is able to hold above the resistance area.
Resistance Area: $2.75-$2.90
IOTA has reached the resistance area and has been rejected. We may see a move towards the resistance area again in the coming days; let's see if the price is able to break above it or not.
Читать полностью…Bitcoin has now reached a major resistance area, so let's see how the price reacts. Bitcoin is moving as expected, and the week starts with a strong upward candle.
Читать полностью…Join us in celebrating the success of ARPA Coin Gain with a curated selection of inspiring music that captures the spirit of innovation and achievement 👍
Читать полностью…STORJ Analysis :
STORJ dropped hard from a resistance point and on the verge to retest the support zone. Price can go for a next move up towards the previous high, so long can be taken as per the market condition.
ARPA is charting a new course in decentralized finance (DeFi), laying the groundwork for a platform where Permissionless Listings (PL) and Artificial Intelligence (AI) meet traditional trading, lending, borrowing, and staking.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here.
Targets: $0.04825 - 0.06365 - 0.08830 - 0.12630
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Short term targets: 10%-30%-50%
Educational Post
What Is Danksharding?
Derived from the name of Ethereum researcher Dankrad Feist, danksharding introduces a transformative approach to sharding technology. Sharding involves breaking down a blockchain database into smaller, more manageable parts for increased efficiency. Unlike conventional sharding methods, danksharding simplifies the architecture, focusing on a merged market fee concept.
In traditional sharding, each shard has distinct blocks and block proposers. Danksharding streamlines this by having a single block proposer, enhancing transaction processing and data storage efficiency. This innovation addresses the blockchain trilemma by prioritizing security, decentralization, and scalability.
Key Features of Danksharding
1. Merged market fee: Danksharding introduces a unified market fee, streamlining the transaction process by minimizing complexities associated with having multiple block proposers.
2. Optimized data availability: The primary focus of danksharding is to enhance data availability for rollups, a Layer 2 scaling solution on Ethereum. By efficiently managing data, Danksharding significantly improves the network's performance.
3. Simplified sharding architecture: Danksharding simplifies the sharding structure, making it more straightforward and efficient. This approach addresses the challenges posed by the traditional trilemma, fostering a better balance between security, decentralization, and scalability.
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BTC made a clean breakout and now holding above the structural support zone, which is good. Looking at the H4 Trend market is fueling up for next leg up towards the $71,000 level. We can expect this move by Monday Market Open.
Читать полностью…The active supply measure has effectively halved since the March all-time high (ATH). This indicates lower trade volumes on-chain and a decrease in Futures market activity, highlighting a significant reduction in investor speculation and attention.
Читать полностью…BOME is currently holding at the support area and bouncing back from it. We could see a significant rally in BOME, especially with DOGE experiencing an upward movement, which is likely to boost other meme coins as well. You can consider opening a long position at the support zone, and we may see a movement toward the resistance level of $0.014.
Читать полностью…Educational Post
What Is the Ethereum Pectra Upgrade?
The Ethereum Pectra is an upgrade (hard fork) that aims to make Ethereum faster, more scalable, and easier to use, both for everyday users and blockchain developers. Expected to roll out in two phases starting in 2025, Ethereum Pectra is set to be one of the most significant improvements to the Ethereum network in recent years.
Pectra is actually two upgrades that were initially planned to happen separately: Prague and Electra. They were combined into one to make things smoother.
Why Is Ethereum Upgrading?
Ethereum has been steadily improving since its creation, with many important upgrades like “The Merge” in 2022 (which switched Ethereum to Proof of Stake) and the “Cancun” upgrade in 2024.
However, Ethereum still faces challenges, especially around transaction fees, scalability, and how complex it can be for new users. The Pectra upgrade is designed to address these problems.
Major Features of the Pectra Upgrade
Let’s look at some of the biggest changes coming with the Pectra upgrade:
1. Account abstraction
Right now, Ethereum users need to have small amounts of ether (ETH) in their wallets to pay for gas fees. These fees are transaction costs that you need to pay whenever you make a transfer or interact with a decentralized app (DApp). For example, if you’re sending tokens to someone or trading NFTs, you have to use ETH to cover these costs.
With the Pectra upgrade, Ethereum will leverage a concept called account abstraction to enhance user experience. One of the benefits of account abstraction is that you won’t have to keep ETH just to pay for gas fees. Instead, you can pay with other tokens, like USDC or DAI, making it more convenient. The update will also allow third-party services to sponsor your gas fees, meaning you could pay little to no fees in some cases.
2. Smart contract efficiency
Through Ethereum Improvement Proposals (EIPs) like EIP-7692, the Ethereum Virtual Machine (EVM) will become more efficient, speeding up smart contract execution. This change benefits both developers and users by lowering the cost and complexity of deploying smart contracts.
3. Improvements for validators
You might have heard that Ethereum runs on a decentralized system where “validators” help confirm transactions and keep the network secure. Validators need to stake (lock up) 32 ETH to participate, and they earn rewards in return. But any amount of ETH over 32 just sits there and doesn’t earn any extra rewards. That’s not very efficient.
Pectra will introduce flexible staking withdrawals (EIP-7002) and increase the stake limit of validators from 32 to 2048 ETH (EIP-7251). This change will make the system more flexible and efficient, especially for people or companies who manage large amounts of ETH.
Additionally, Pectra will allow for “validator consolidation,” which means that large operations like Lido, which stake ETH for lots of users, will need to run fewer validator nodes. This can reduce the strain on the Ethereum network, making it faster and less resource-intensive.
Bitcoin experienced significant selling pressure at the resistance level, resulting in a price decline. Additionally, escalating news about the war is affecting global markets. With the US elections approaching, high volatility is anticipated in the coming weeks.
Читать полностью…Ethereum staking hit an all-time high in Q3, with more holders staking to earn yield. This trend may signal increased confidence in Ethereum’s long-term growth trajectory.
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RSI looks oversold on higher timeframe
Lying on historical weekly support
Looks ready for a takeoff anytime
Targets: $0.05-0.055-0.065-0.08
Stay tuned for a TA/FA based SPOT & FUTURES call at 4PM GMT today!
Exchange: Binance & MEXC
The cumulative monthly premium paid by long-side contracts over the last 30 days shows a dramatic shift in leverage demand. At the March all-time high, this cost reached ~$120M per month, but plummeted to $1.7M by mid-September. Recently, it's modestly increased to $10.8M monthly. While this indicates a slight uptick in long-leverage demand over the past two weeks, it remains far below January 2023 levels.
This significant drop reflects a market that has cooled considerably during the current correction, suggesting reduced speculative interest among traders.
CHZ played out perfectly from levels to levels and made around 29% in profits. Price dropped from the resistance area after tapping into it and more drop can continue. A good buy area would be again at support zone.
Support zone : $0.063 - $0.065
Resistance Area : $0.083 - $0.086
PIXEL Analysis :
PIXEL entered the 3 moth long consolidation range and strongly getting rejected from the structural resistance area. Right now, its better to trade the range or have to look for the breakout with a strong closing above resistance.
Resistance Area : $0.17
IOTA moved as expected and followed the setup perfectly. We might see a move toward the $0.15 resistance area; let’s see if the price can break above it. You can hold your positions with a trailing stop loss in place.
Читать полностью…The upward movement in Bitcoin continues, and the price is currently trading above the uptrend line. BTC is facing resistance in the $69,000 to $70,000 range, and a break above $70,000 could trigger significant FOMO in the market. The support lies in the $65,000 to $66,000 area.
Читать полностью…