Educational Post
What is Hash Rate?
The term hash rate refers to the speed at which a computer is able to perform hashing computations. In the context of Bitcoin and cryptocurrencies, the hash rate represents the efficiency and performance of a mining machine. It defines how fast a mining hardware operates when trying to compute a valid block hash.
In short, the process of mining involves a myriad of hashing attempts, until a valid hash is produced. In other words, a Bitcoin miner needs to run a bunch of data through a hash function in order to produce a hash, and they are only successful when a certain hash value is generated (a hash that starts of a certain number of zeros).
Therefore, the hash rate is directly proportional to the profitability of a miner or mining pool. A higher hash rate means that the probability of mining a block is higher and, thus, the miner has a better chance of receiving the block reward.
Typically, the hash rate is measured in hashes per second (h/s) along with an SI prefix, such as mega, giga, or tera. For instance, a blockchain network that computes one trillion hashes per second would have a hash rate of 1 Th/s.
The hash rate of Bitcoin reached 1 Th/s in 2011, and 1,000 Th/s in 2013. In the early stages of the network, users could mine new blocks using their personal computers and graphics cards. But with the creation of specialized mining hardware (known as ASIC miners), the hash rate started to increase very fast, causing the mining difficulty to rise. Thus, personal computers and graphics cards are no longer suitable for Bitcoin mining
Bitcoin was rejected again from the resistance line. This is not a good sign as we may see a move toward the $28,000 level. BTC gets some positive movement only above the $29,500 level. Keep tight stop loss in all open long positions.
Читать полностью…FIO/BTC lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: 82-92-102-115 satoshi
SL: 67 satoshi
HBAR analysis:
Price rejected from the $0.0532-$0.0537 resistance area. The local support is $0.0499-$0.0503 area and there is also the uptrend line which works as a support level. Better to wait for the open long position.
FIDA drops to the major support of $0.214-$0.219 area. Price bounced from the major support area and we may see a move toward the $0.239-$0.242 resistance area. You can place your buy order near the major support area.
Читать полностью…Members don't forget to join upcoming Kucoin Mega Pump Signal on July 29, 4pm GMT Saturday. More updates will follow soon.
Read pinnes post. Stay tuned😊
DUSK analysis:
DUSK is now testing the local support of the $0.12-$0.123 area. The resistance is $0.131-$0.1325 area and we may see a test of this area. You can try a small long position here with tight stop loss.
Educational Post
What Is TrueUSD (TUSD)?
TrueUSD (TUSD) is a stablecoin that’s pegged 1:1 to the U.S. dollar. TUSD achieves this by holding an equivalent amount of USD in reserve for every TUSD token in circulation.
TUSD is based on the widely used ERC-20 token standard, making it compatible with various blockchain networks and decentralized applications (DApps). Like other stablecoins, TUSD aims to allow users to enter and exit cryptocurrency markets without the delays associated with traditional bank settlements. Investors can trade TUSD directly for other cryptocurrencies. It also bridges the gap between crypto and fiat currencies without the inherent volatility of cryptocurrencies.
How TrueUSD (TUSD) Works?
TrueUSD operates using smart contracts on the Ethereum blockchain, enabling the issuance and redemption of a tokenized version of the U.S. dollar.
When a user acquires TUSD, the underlying smart contract automatically generates and issues an equivalent amount of TUSD, which is then added to the circulating supply of the token.
On the other hand, when a user sells their TUSD for USD, a smart contract instantly eliminates the tokens by burning them, permanently removing them from the circulating supply of TUSD. Simultaneously, the platform credits the user with U.S. dollars equal to the amount of TUSD redeemed.
One of the advantages of using TUSD is that it doesn't impose fees for purchasing or redeeming transactions. The company earns its income by accruing interest on the U.S. dollars held in its accounts.
Bitcoin is slowly going for a retest of the $29,500 resistance level. Let's see if the price is able to break above this or not. A rejection from here will send the price toward the $28,000 level.
Читать полностью…The price tested the $100 major resistance level and was rejected from there. QUICK is unable to hold the support area in return and also breaks the broadening uptrend channel. Price is now retesting the trendline and we may see a move toward the $49.25-$51.10 support area.
Читать полностью…Breaking: Binance Japan To Launch In August, Says CEO CZ
https://coingape.com/binance-japan-to-launch-in-august-says-ceo-cz/?utm_source=Crypto+VIP&utm_medium=telegram
Finally the trading range breaks. Bitcoin broke the trading range in a downward direction. This is not a good sign and we may see a continuation of the downward movement. The resistance is now $29,500 level and BTC is bearish below it. Use tight stop loss in all open positions.
Читать полностью…Breaking: Crypto Asset Funds Record First Week Of Outflow, Institutions Selling Bitcoin?
https://coingape.com/crypto-asset-funds-outflow-institutions-selling-bitcoin/?utm_source=Crypto+VIP&utm_medium=telegram
Hello everyone, the next official Kucoin Mega Pump will be scheduled for :
- Date: Saturday, July 29th
- Time: 16:00 GMT
- Exchange: Kucoin.com
After hours of discussion with our team, we have decided to schedule our next Kucoin Mega Pump in 5 days to make sure that we are fully prepared. Our main goal for this call will be to make sure that every single member in our group makes a massive profit just like they did with our previous mega pumps #BONDLY (650%), #BIFI (800%) and remained in the "Top Gainers" for over 24+ hours on Kucoin.
Our member count increased in last 2 weeks and our marketing strategies are rolling at a perfect pace. Our whales will make sure the pump on July 29 Saturday will last longer, higher than ever and beat all our previous mega pumps in terms of volume and gains. we are confident to say that this call in particular will have the highest % gain ever achieved in the history of our group, and we will be setting a higher realistic target of 800-1000%. We want to always hit our target to allow members the most room for profit and we surely will. No prebuying and no prepump will ensure our peaks are incredibly high with little resistance.
We have 5 days to prepare for this massive call, This gives users more time to join us and allows for a wider selection of potential coins. Truly this may be one of our greatest call ever. See everyone this Saturday at 16:00 gmt.
Stay tuned | Happy trading 😊
ATOM analysis:
Price is rejected from the resistance area. There is a long downtrend line that works as resistance and the price needs to break above this to get some momentum. The major support is the $8.25-$8.50 area and possible zone for opening new long positions.
Educational Post
Fan Tokens
Fan tokens are digital assets that are created by sports teams, clubs or brands to increase fan engagement and create new revenue streams.
They are built on blockchain technology and allow holders to engage with the team, from buying priority tickets to voting on club decisions such as choosing a new kit, slogan, or jersey design.
Fan tokens are purchased with cryptocurrency, and the ownership of the token gives the fan benefits or privileges, such as access to exclusive content or merchandise, voting rights, or even the ability to earn rewards. Note that fan tokens are different from non-fungible-tokens (NFTs) in that they are fungible.
This means that any given fan token is equal in every way to any other token of the same type, just as one BTC is equal to another BTC.
FIO Protocol (FIO) is a decentralized, open-source usability solution that enables easier cryptocurrency transactions on all blockchains by replacing complex wallet addresses with a single, customizable, and human-readable Crypto Handle in the format.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: $0.02426-0.0295-0.034-0.042
48 hours left for our Kucoin Mega Pump! As we said earlier The whales we have onboard for this mega pump are bigger than ever, and they’ll be pushing price up to new highs every minute, we’re not likely seeing many retracements before reaching our target of 800%-1000% gains, so market buying and holding as soon as the signal is announced will be the most profitable strategy. Our goal in this pump is to guarantee all our members the biggest profits possible, aiming at a minimum of 800%!!
Read pinned post. Stay tuned.
Price was rejected from the resistance area and also broke the local support area. You can open a small short position around the $0.177-$0.178 area with tight stop loss. The next support is $0.156-$0.16 area and we may see a test of this level.
Читать полностью…Bitcoin retested the resistance line and rejected it on the first attempt. The price still trading near the resistance area. Let's see how BTC reacts there. If the price is able to break above the resistance level then we see some positive movement in the market otherwise we see a dump.
Читать полностью…3 days left for the biggest Kucoin Mega Pump we’ve ever seen!! The date for this pump was set to July 29th (Saturday) because the market conditions are perfect, and our goal is to make all our members the biggest potential profits. We have the largest whales in the market onboard, ready to push this pump above 800-1,000% gains. just as everyone saw with our previous mega pump signals.
Make sure to read our Exclusive guide on how to make the most profits from this Kucoin Mega Pump Signal:
https://telegra.ph/Guide-for-trading-on-Kucoin-09-29
The support level has been broken by C98 and currently, the price is trading under the trendline. This resulted in the long positions being hit by the stop. The next support level lies in the $0.122-$0.126 area, which may be tested before the next move.
Читать полностью…COTI analysis:
Price breaks the uptrend channel in a downward direction. The support is $0.0425-$0.043 area and we may see a test of this level in coming days. The resistance is $0.050-$0.0505 area and a possible retest may happen.
The Bitcoin Long-Term Holder Supply has reached a new ATH of 14.52M BTC, equivalent to 75% of the circulating supply.
There is a continuous increase in LTH since April 2021.
SFP broke the symmetric triangle in a downward direction. We may see a retest of the $0.42-$0.425 area and this is the zone for opening short positions. The next support is the $0.361-$0.372 area and we may see a move toward this level in the coming days. Use tight stop loss of $0.44 level for short positions.
Читать полностью…ASTR analysis:
Price is now heading toward the support of the $0.0406-$0.0417 area. If the price breaks below this support level then we see a move toward the $0.035 area. The market is shaking and we may see more dumps in altcoins. Don't open any long positions in ASTR for now.
ADA broke the resistance level and the price gives a small rally. Price rejected from the $0.375-$0.385 resistance area. ADA is now testing the $0.30-$0.305 support area. A break below this support is bearish and will send the price toward the $0.25 level. You can try a small long position here with tight stop loss.
Читать полностью…Notice of Removal of Trading Pairs - 2023-07-26
https://www.binance.com/en/support/announcement/8c0173395ac941e4a96fa4bf5d0a2cd1