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Contact for any queries @Steffendude
#Bitcoin again did a break above of the resistance and in a retest now, so expecting a push from here, breaking it #ATH and all stuffs. The price actions was too choppy taking liquidity out every side. Now, only anticipation would be a bullish structural break as Daily closed slightly above the zone.
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Why Is the Name Wrapper Important?
Before the creation of the Name Wrapper, registrants could create different sub-names under their registered domains. However, these sub-names had limited functionality and could not be widely used in the Web3 space given that they were not NFTs.
Following the introduction of the Name Wrapper, all sub-names are now NFTs and can be used on all NFT platforms. This new smart contract unlocks a new level of utility and functionality for .eth decentralized domain names. It is a significant step towards decentralization in the Web3 ecosystem: to have immutable domain names while allowing users to retain ownership over trustless sub-names.
Now that registered domains, sub-names and Domain Name System (DNS) names can become NFTs, this expands the possibilities of what one can do with .eth NFT domain names.
Extending the list of features, the Name Wrapper provides registrants greater control and personalization that simplifies the domain management process. The first step in utilizing the Name Wrapper is to wrap the sub-names to make them NFTs, giving the domain ownership to this contract as registrants gain control of their fuses. Alternatively, unwrapping a registered domain means burning the ERC-1155 token and regaining control over the original name.
The Benefits of the Name Wrapper for the Web3 Ecosystem
Decentralized identity is a growing area of Web3 and fundamental to the usability of the ecosystem. As such, being able to build and customize through enhanced smart contracts is necessary to make them as usable as possible. The Name Wrapper is the next step to bringing us closer to realizing a true Web3 digital identity. It can contribute to a seamless onboarding experience that helps to boost the mass adoption of Web3 technologies.
#BLUR declined with the market conditions and break below the support zone. Price reached the next support zone of $0.55 - $0.57 and strong rejected. That's our next buy zone and got into profits. Now the only area will be the resistance where price should break. In case you missed the buys then wait for the break and retest from the zone.
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Notice of Removal of Margin Trading Pairs - 2024-03-15
https://www.binance.com/en/support/announcement/ebbb63034b374abd94a534cdeead44a6
#NWC Nice jump after our call✌🏻
More than 30% move since our call🚀
Still it have more room for growth as you can see in the chart it’s breaking out after more than 650days of Accumulation 🚀
We can see by segrating inflows to Exchanges by on-chain cohorts, allowing us to characterize the source of the deposits. The breakdown of total exchange deposit volume is as follows:
🔴 Short-Term Holders +$2.1B
🔵 Long-Term Holders +$120M
🟢 Inter Exchange Volume +$354M
The STH Cohort have consistently deposited over $2B per day in volume since mid-January, whilst also setting a new ATH of $2.46B in volume deposited overall. This underscores a high degree of speculative interest within the current market structure.
#BTC kept on pushed as #LTF given the breakout and moved above the Resistance too. Price Nearly got into #ATH and now dropping a bit. Price now, expected to retest it back as support zone and a new #ATH. kept on hodling the position and enjoy the ride.
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#NWC team dropping the biggest bombshell soon! 💣
Get ready for a price explosion fueled by anticipation of biggest announcement by the #NWC team
Buy it now 🚀 https://www.kucoin.com/trade/NWC-USDT
Don't miss out on this rocket ride to massive profits! 💰
https://x.com/NwcPublic/status/1764669215913472331?s=20
We will share a guaranteed 50%-100% news based Kucoin Gemcall in 1 hour. Prepare USDT😊
Stay tuned
As market momentum gains steam and investors secure their highest unrealized profits since the November 2022 all-time high (#ATH), we can examine inflows into major exchanges as an indicator of trading activity and speculation.
The combined volume of deposits and withdrawals has steadily grown, hitting an impressive $5.57 billion in daily flow in and out of exchanges, comparable to the activity observed during the November 2022 market peak.
#Bitcoin made a push again, try to break the #YTD but got a bit rejection. Weekly closing did something better, which above the $60,000 and $62,000 too. Now, #LTF broke out of the range and expected to reach the area around $64,800 - $66,000.
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What Is Move (Programming Language)?
The Move programming language was initially used to build the Diem blockchain. It was created by the Diem Association, which was a tech consortium backed by Meta. Although the blockchain was eventually discarded, Move is still in use today.
The Move programming language is an executable bytecode language. It implements smart contracts and custom transactions. Move aims to remedy problems arising from other blockchain programming languages, like Solidity. However, the basic goals of achieving digital scarcity and control over digital assets remain the same. Particularly, it also aims to prevent double-spending and enables the holders of digital assets to maintain ownership information.
In doing so, Move maximizes safety while maintaining a streamlined design and significantly lower gas costs than blockchains not built on Move.
How Does the Move Programming Language Work?
Move uses linear logic, meaning resources can only be used once and never copied or implicitly discarded. This allows developers to encode custom resource types that cannot be erased or duplicated and are treated better than others.
Move's static type system is where variables must be defined as a type (a number/word). It protects prioritized resources. Still, they can be used like regular elements and stored in data structures or supplied as values in calculations. Resources are also transparent in modules and hidden from being called up by external sources.
Moreover, modules in Move are flexible and safe since the relationship among modules, resources and procedures is like the relationship among classes, objects and methods in object-oriented programming.
Move can also verify all safety traits on-chain and support off-chain static verification tools. This greatly reduces complexities around on-chain verification. Its design is based on three core decisions:
—> The lack of dynamic dispatch avoids call graph construction and enables static determination of the call site. This allows Move to identify the effects of a procedure call more easily and without additional complexities.
—> Thanks to its modularity, modules can be isolated for functional verification, and they help with abstracting data and localizing critical operations on resources. Safety is guaranteed by encapsulating the module alongside the language's type system, meaning the code outside of a module cannot violate its types. Additionally, by examining isolated modules, it will provide thorough functional verification for significant module invariants.
—> Finally, its limited mutability allows using reference types similar to C++. References are vital to mutate each Move value, and typically the temporary values are created and destroyed within a transcription script. Similar to Rust, Move's bytecode verifier "borrow checks" to confirm at least one mutable reference.
—> Finally, Move rejects programs not following type safety, memory safety and resource safety. Instead, a high-level programming language with a compiler, responsible for checking the properties, can be used. The alternative is a low-level untyped assembly with safety checks.
#KSM moved with plan and broke the resistance area too, and made a high of 55.60 High which is nearly 18% in profits. Currently, price retesting the support zone and stop hunted the previous lows too, so entering new buys will be good enough from here.
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Here's the Analysis of #COTI :
#COTI majorly pushed towards the Major Resistance Zone of $0.263 0- $0.283 and started ranging below it. Price is very corrective and making Triangle Pattern, which just gave a breakout. A small retest for a buys will be good as the range is enough for a swing move, targeting Major Resistance.
Here's the Analysis of #GMT :
#GMT going messy moves with the market uncertainty and slides below the support area. Price Already rejected from major resistance zone, so next area where price might reach will be the support at $0.23. Before than Market should remain stable there after can be get into any sort of buys above $0.30.
Market is Very Volatile These Days and Moving Strongly Back and Forth which liquidated a lot of traders surpassing the total Liquidation Over $1B in Last 24H.
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#BTC kissed the #ATH and instantly dropped liquidating most traders out. Price also, dropped below the $60,000 clearing all the stops and rejected strongly from the Support Zone of $58,200 - $59,550. Price now again gaining the momentum and might gonna break the resistance too. Expected whole new #ATH very soon this week.
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Here's the Analysis #IMX :
#IMX started to range below the Major Resistance Zone of $3.38 - $3.50 and kinda build the Head and Shoulder Pattern, which a market reversal pattern. But market is extremely bullish, so shorts will be risky as price is trying to break below the zone. You can take minor positions only for that, otherwise, wait for the dust to settle and take longs.
Too Much Volatility in the market :-) 📈📉
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What Is Name Wrapper?
Name Wrapper is a smart contract that allows all registered ENS names to be converted into NFTs, expanding their customizability.
Creating sub-names has always been possible in ENS and the Name Wrapper builds on this. By allowing sub-names to be made trustless, the owner of the domain name cannot alter the subdomain once it’s been issued.
When an individual purchases a domain name, the owner becomes the registrant of that domain. This gives them the ability to alter the domain and create sub-names through the contract called the registry.
A sub-name is an additional name that can be created under a pre-owned registered domain. Names at any level can have sub-names created under them, and the Name Wrapper supports wrapping them and giving control over them to separate owners.
For instance, John Johnson owns a domain name, john.eth, and he wants to create sub-names for his partner Alice. John could create alice.johnson.eth — with its special permissions.
By wrapping all domains as ERC-1155 tokens, registrants can better customize their registered domains and sub-names to their needs by granting or revoking different permissions. These permissions are known as fuses.
All wrapped names come with standard and customizable built-in fuses, in which registrants have full access to all the registered domain and sub-name fuses. If registrants would like, they can burn these fuses thereby changing these permissions depending on their goals and needs for the domain name.
Name Wrapper and Expanded Use Case
The Name Wrapper takes .eth names from simple wallet name identities to tokens with varied purposes. These include building out such token-gated sub-names and renting sub-names for a fixed price. Sub-names can now be used by NFT artists as tokens issued to contributors, as well as by event organizers as tickets and proof of identity.
Similar is the use of wrapped names for airdrop distribution and community building. Projects can widely distribute multiple sub-names to community members while adjusting the permissions and ownership of the names as needed.
#BTC.D kept on rising with the market condition and alts didn't goes as opposite as it should be. Index reached the major resistance zone of 54.60% - 54.60% and moving back and forth. Well, now #BTC is retracing and Index too, its now a waiting time as it might market got exhausted, so it better to sit back and observe.
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#ETH UPDATE :
#ETH aggressively broke out of the range and moved up as #BTC climbed too $67,000. Currently, price reached the major resistance area of $3550 - $3613 and Looks like it gonna break it too. In case if it break above, then it open the gate for #ATH. But three will be minor resistances $4111, $4450, $4665., which might not gonna hodl it.
Market Buying $NWC here
Reason: Monthly chart is parabolic. Strong future developments. Huge rumors about GameFi.
Note: HOLD for 3 Months MINImum and see 100x.
Enjoy 👉 https://www.kucoin.com/trade/NWC-USDT
Don't miss out on this rocket ride to massive profits! 💰
https://x.com/NwcPublic/status/1764669215913472331?s=20
What Is a Mutual Credit Line?
Mutual credit functions as a decentralized exchange network where internally created money serves as a medium of exchange. It operates within a closed system where deposits balance total deficits, maintaining equilibrium and preserving the value of money. Each unit of currency in circulation is necessary to settle debts within the network, fostering mutual reliance and eliminating the stigma of debt.
Credit lines within mutual credit networks are allocated to members in the network's currency, enabling them to spend within predefined limits. These lines allow members to purchase goods or services from one another, creating negative balances in their accounts. Repayment occurs when members sell goods or services to others in the network, reducing their negative balance.
Why Are Mutual Credit Lines Needed?
Credit line issuance methods vary among networks, ranging from traditional credit assessments to alternative measures like trust-based evaluations. Mutual credit lines democratize access to credit, spreading the risk of default across the network. In case of default, the system deviates from equilibrium, which can be rectified by purchasing excess currency units or providing equivalent value.
The need for mutual credit lines arises from the difficulty faced by certain groups, such as freelancers and micro-entrepreneurs, in accessing credit through traditional channels. By decentralizing credit issuance, mutual credit empowers resource-rich but cash-poor communities, stimulating economic activity and fostering value growth. In contrast to centralized economies where credit issuance favors certain entities, mutual credit promotes equitable distribution of credit and currency issuance rewards.
#KSM goes again as per the plan, price moved around 10.3% in profits and 1st one in 21.60%. Better to move it to breakeven and books some profits. Next targets will be $62.00 and $66.00 resistance.
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Here's the Analysis of #AAVE :
#AAVE is been making series of Higher Highs and Higher Lows, which rejected both sides of the zones. The Resistance zone is at $118 - $120 and Strong Support is at $107 - $109. Currently, price rejected the strong support zone and kept on hodlig the trendline too. This is a new range to trade within and a drop back to $111 will be a good buys till resistance and break too.
In a market where potential gains remain largely untapped, it's crucial to assess how participants are reacting. To do this effectively, we can utilize various SOPR metrics, which gauge the average extent of realized profit or loss within different groups.
🟠 Market Average SOPR: 1.13 (indicating a profit increase of 13%)
🔵 Long-Term Holder-SOPR: 2.07 (showing a substantial profit surge of 107%)
🔴 Short-Term Holder-SOPR: 1.02 (reflecting a modest profit uptick of 2%)
Currently, all participant groups are capitalizing on significant realized profits, a trend commonly seen in a bullish market (highlighted in 🟧). Additionally, we've identified periods where all three SOPR variants surpass their previous values (marked in 🟥). These occurrences coincide with the peak euphoria stages of both the 2017 and 2021 bull markets, mirroring insights from MVRV analysis.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN made a small retracements and consolidated with closing. Price made a large weekly candle and made a 25% in push to the upside. Price Tapped into a good Resistance Area, and price is near its All time High. Halving is near, and we'll a ton on volatility upcoming weeks. Market will anyways move good, so alts will create opportunity for buys.
Hold onto your seats! #WAN massive pump is programmed 🚀🚀
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