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Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
https://www.binance.com/en/support/announcement/d392843e81fd4bc3a5f7e219aa01f34d
Here's the Analysis of #FET :
#FET made a strong rejection from the strong Resistance zone of $0.249 - $0.251 and kinda made a break of the range. Well, Wait for the Daily Candle close, and currently, price testing the structural support zone and a close below of the zone will give the short opportunity
The variant of this metric shown below is specifically for Short-Term Holders who are the most reactive cohort to market volatility. We can see that after several months of declining profit dominance, Loss momentum and dominance have increased meaningfully. False signals do occur such as during the March 2023 correction, and these have historically recovered quickly.
However, sustained declines have also preceded more violent downtrends such as in May and Dec 2021, making this weeks sell-off one to keep a close eye on.
Nothing much movement in #Bitcoin after the rejection and slowly consolidating. We've more news coming today and tomorrow, which will decide the direction eventually.
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Hello everyone, 4 days left until our next free for all pump on MEXC. We can guarantee that this upcoming pump will have amazing results, we are expecting at least a minimum of 5000% and more on the initial spike and multiple waves to follow through. This pump will have alot of support from our team. As we get closer to the pump, more details will follow , stay tuned! Read pinned post 😊
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This Chart Shows the #Profit or #Loss Bias (dominance) of #STH volumes flowing into exchanges. We can see a steady decline in profit dominance as the 2023 rally progressed, as more #STHs acquired coins with an increasingly elevated cost basis.
This week we saw the largest loss dominance reading since the #March sell-off to $19,800. This suggests that the STH cohort are both largely underwater on their holdings, and increasingly price sensitive.
#Bitcoin gave a strong breakout with the news in NewYork Market open. Price nearly Retested the Resistance zone around $28,000 and higher. Well, it might getting a rejection and move lower. More High Impact News coming ahead, Eyes on it.
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Here's the Analysis of #TRX :
#TRX is been kinda consolidating in a range between the Resistance around $0.0775 - $0.0779 and Support around $0.0757 - $0.0760. Well, market plays a very positive move, so Wait for break either side, as range is not good enough to take it.
#Greed and Fear Index Entering the Fear Mode again. The market is below 40, since the huge dump and which create, uncertainty over the market.
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#BTC is been still consolidating in a range and expecting this to continue. This might due to we have some high impact news over this week, which might create as massive moves in the market. Just a have eye on breakout, in #Bitcoin and other major coins.
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What is Difficulty ?
"Difficulty" refers to a dynamic parameter that determines the level of effort required to mine new blocks and validate transactions on a blockchain network. Difficulty adjustment is a fundamental mechanism designed to regulate the rate at which new blocks are added to the blockchain, ensuring that the process remains consistent even as miners' computational power changes.
The difficulty level is a crucial element of Proof-of-Work (PoW) consensus algorithms, such as the one used in Bitcoin. In PoW, miners compete to solve complex mathematical puzzles, and the first miner to solve it gets the right to add the next block to the blockchain. The difficulty is set to ensure that a new block is added approximately every 10 minutes, regardless of the number of miners participating.
When more miners join the network or their computational power increases, the average time to mine a block would decrease if the difficulty remained constant. To counter this, the network automatically adjusts the difficulty upwards. Conversely, if miners leave the network or their computational power decreases, the difficulty is adjusted downwards to prevent long block times.
For example, if the network's hashing power suddenly doubles due to an influx of new miners or improved hardware, the network's algorithm would increase the difficulty to ensure that blocks are still added roughly every 10 minutes. This keeps the rate of coin issuance and transaction validation consistent.
Difficulty adjustments maintain the stability and security of blockchain networks. If difficulty were too low, blocks would be mined too quickly, compromising security. Conversely, if it were too high, blocks would take too long to mine, leading to slow transactions and reduced network efficiency.
#BCH break the range to the upside and doing a retest now. Scalp buys possible till resistance around $212, if price remains stable or move up. In case of Trendline break, Shorts will be high probably to take, so risk it accordingly.
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Notice Regarding the Removal of Selected Liquidity Pools on Binance Liquid Swap (2023-09-01)
https://www.binance.com/en/support/announcement/8b8e3721bc804c618c563e40cbe1ee2e
Hello everyone, the next Mega Pump Signal will be scheduled for :
Date : 3-September-2023 Sunday
Time : 4 PM GMT
Pairing : USDT
Exchange : MEXC
Advantage : Free For All
With the success of our previous big signal #FRTN reaching whopping +6500% gains on MEXC, we are ready to announce our next big signal on MEXC. We have decided to start pumping on MEXC for multiple reasons. 1st of all, we believe that with our massive buying power we will be able to reach 5000%-7000% easily possibly even more. 2nd of all, MEXC doesn't require KYC meaning you can make an account there without verifying your identity and get past any restrictions other exchanges could have. Finally, there is very little hidden sell pressure in the orderbooks. we have decided to schedule our next signal in 7 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
This event will be the biggest one that we have done in the history of our group and will top our previous ones in terms of % gain. Our team are closely monitoring a number of suitable coins, and we have a few absolute gems lined up ready to shake the market again. Instructions will be given out in the upcoming days to make sure all our members are prepared for MEXC. We are expecting hundreds of thousands of people all across the world to attend this pump and possibly more than a million people across all social medias will be watching. Be prepared.
Nearly 90% of short-term holdings in BTC are now at a loss. There is a lot of accumulation happened around $30,000 zone.
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#BTC made a strong dump after the rejection and back to the support just hodling above it. Well, Still we're in decision, wait for the todays closing or Weekly Candle close, to confirm anything.
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What is Fren Meaning ?
Fren is an internet slang term that is associated with a sense of camaraderie and shared interests. It's often used when people bond over common hobbies or passions, such as cryptocurrency.
Calling someone a "fren" indicates familiarity in their online interactions. However, "fren" can also be used humorously or ironically as a joke or meme. It's a form of lighthearted online banter that’s popular in many online communities.
What Is a Fren in Crypto?
In the context of crypto, "fren" is a term that refers to a community member who is enthusiastic and supportive of a particular cryptocurrency or project. It describes individuals actively engaging in discussions, providing support, and sharing information about blockchain-based projects. It can also entail actively supporting and promoting a cryptocurrency project by educating others about its features and benefits, fostering a sense of community.
The term "fren" can also be used more broadly within the cryptocurrency community to refer to anyone who is a part of the channel or group. In this context, "fren" is used casually to address members of the crypto community, regardless of their level of enthusiasm or involvement. It's a way to address fellow participants, initiate conversations, or ask for help or advice.
Is Fren Short for Friend?
Fren is a shortened form of the word "friend" and is a gender-neutral term that can be used to address anyone within an online community. It's a casual way of acknowledging and interacting with others, often in a friendly and relaxed manner.
#BAKE is been made a reversal and made a short-term uptrend channel and also price reached out the resistance zone around $0.101, where price is rejecting. In case of price breaks below the zone the or daily rejects it, we can go for short there.
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Here's the Analysis of #UNFI :
#UNFI is been trading above the major Resistance zone of $6.58 - $6.85. Well, its seems to be a breakout but on Daily TF, we need to see a closing above the zone or to be specific $7.00 mark. In 4H its a break, so wait for a Daily candle close and look for long opportunity after that and targets will be Resistance around $8.00 - $8.27.
What is Eclipse Attack ?
An Eclipse attack is a security vulnerability that can affect decentralized networks, particularly blockchain-based systems. In an eclipse attack, an attacker aims to isolate a targeted node or user from the rest of the network by surrounding it with malicious nodes under their control. This isolation can lead to various security risks and potential manipulation of transactions or information.
The attacker tries to control a significant portion of the peer connections of the target node, making it unable to receive valid transactions or blocks from legitimate nodes. Instead, the target node receives information only from the attacker's nodes, allowing the attacker to manipulate the data being transmitted to the target.
One example of an eclipse attack involves isolating a victim's mining node on a blockchain network. By controlling the victim's incoming and outgoing connections, the attacker can manipulate the transactions the victim's node sees, potentially leading to double-spending or other fraudulent activities.
Eclipse attacks emphasize the importance of maintaining a well-connected and diverse network of peers to prevent any single entity from gaining undue control over a node's information flow. Blockchain protocols continually evolve to incorporate countermeasures against such attacks and ensure the security and integrity of the network.
#BCH short scalp position gone good, Price gave a breakout of the resistance zone and made a high of $228, which is nearly 18.7% in profits. Its time to secure the major position and trial the stops. Currently, price retesting the zone, which can push the price higher and might be a scale in too.
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https://www.binance.com/en/support/announcement/d0f401e56c594069afad13c80f97a356
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What exactly is a Fear and Greed Index?
The Crypto Fear and Greed Index analyzes a basket of different trends and market indicators to determine whether the market participants are feeling greedy or fearful. A score of 0 indicates extreme fear, while 100 suggests extreme greed. A score of 50 shows the market is somewhat neutral.
A fearful market could be an indication that cryptocurrencies are undervalued. Too much fear in a market can lead to overselling and excess panic. Fear doesn't necessarily mean that the market has entered into a long-term bearish trend. Instead, you can think of it as a short or mid-term reference to overall market sentiment.
Greed in the market is the opposite situation. If investors and traders are greedy, there's a possibility for overvaluation and a bubble. Imagine a situation where FOMO (fear of missing out) causes investors to pump the markets, overvaluing Bitcoin’s price. In other words, the increased greed may lead to excess demand, artificially inflating the price.
If we look to the response by Long-Term Holders (LTHs), we can see that there is almost no response. The LTH cohort did not meaningfully increase volume sent to exchanges, and their aggregate balance actually ticked up to a new ATH this week.
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Here's the Analysis of #BAKE :
#BAKE is been hovering over the major support zone of $0.0821 - $0.0838 and expected price to reach over there. Volume is pretty much lower, a flip above the zone will still not good unless market moves. No opportunities as of now, so wait for the price to reach the major level.
When the #BTC price moves suddenly, we can see the magnitude of supply that falls into loss via changes in the Percent Supply in Profit metric.
Here we see that 12.8% (2.48M #BTC) of the supply fell into an unrealized loss this week, setting a lower low on this metric. This suggests that 'top heaviness' in spot markets may also be a factor in play.
#BTC on its verge to give a break below of the consolidation, which may lead the price down till $25,450 area of support. Well, we can anticipate volume US Market open otherwise, we may see this consolidation this whole week again.
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Here's the analysis of #RLC :
#RLC is been slides below the major Resistance zone of $1.005 - $1.035 and is been testing the structural resistance zone of which might take a sell over it. You can stack short over the upmove till major support zone of $0.766 - $0.792.
What is Design Flaw Attack ?
A design flaw attack is a type of security vulnerability that occurs when an attacker exploits weaknesses or vulnerabilities within the design of a system or software application. Unlike traditional exploits that target coding errors or software bugs, a design flaw attack takes advantage of inherent flaws in the architectural or conceptual design of a system.
This type of attack can lead to serious security breaches and compromises because it targets fundamental flaws that might not be easily patched or fixed with simple code updates. Design flaw attacks often involve manipulating the intended functionality of a system in unintended ways or bypassing security measures through the exploitation of design weaknesses.
To protect against design flaw attacks, it's essential to conduct thorough security assessments during the design phase of a system, identify potential vulnerabilities, and implement strong security practices from the ground up. Regular security audits and testing can also help detect and address design flaws before they can be exploited by malicious actors.
#BITCOIN WEEKLY UPDATE :
#BITCOIN did a minor retracement and it can go further, and on Daily TF, this week did a range and altcoins too. Drop is still expected till the support zone of $24,150 - $24,600. Always Keep in mind that, We're strongly Bearish.