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#BTC gave a strong fakeout over the zones and slowly declining the below but support nearby standing strong. Well, Looking into #DXY we can have a short-term upmove before going lower. Moreover, more fundamental events coming in, to tighten your stops too.
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What is Mempool?
A mempool (a contraction of memory and pool) is a cryptocurrency node’s mechanism for storing information on unconfirmed transactions. It acts as a sort of waiting room for transactions that have not yet been included in a block.
When a transaction is broadcast, it is sent from a node to its peers, who will then pass it on to their peers. This continues until the transaction has been widely propagated, ready for miners to add it to a block. It’s vital that this buffer zone exists, as transactions are not added to the blockchain immediately.
Nodes will run a series of checks to ensure that the transaction is valid – i.e., verifying that signatures are correct, outputs do not exceed inputs, and funds have not already been spent. If it fails to satisfy these conditions, it is rejected.
We often speak of the mempool, but it should be noted that there is no universal pool shared by all nodes. Each one is configured differently and receives transactions at different times. Lower-end devices with limited resources may only dedicate small amounts of memory to logging transactions, whereas higher-end ones might devote considerably more.
As miners are motivated chiefly by profits, transactions with higher fees attached are those most likely to be discarded from the mempool first as they’re confirmed. Accurately estimating fees is difficult, particularly when block space is limited, and demand is high, but the mempool provides a starting point.
To estimate fees, one can look to the current unconfirmed transactions. It stands to reason that users should not overpay in times of low throughput. Nor should they underpay for time-sensitive transactions at peak times, as it may be a while before it gets confirmed. By taking into account the spread of fees at a given moment, they can make an educated guess at how quickly their transaction will be included.
#Bitcoin network settlement continues to languish, currently residing at a value of $2.63B.
This remains just $660M (25%) off of the cycle low of $1.97B, highlighting the significant lull in network settlement.
Here's the Analysis of SNX :
#SNX is been gave a fakeout above the Strong Resistance Zone of $2.36 - $2.41 and hodling above the structural support area of $2.16. Well. Range is pretty much tight for anything but for shorts, its looking clean. Wait for 4H candle to close below and take low risk here.
Big News 🛑
#FTX will likely get approval to liquidate its assets on Sept. 13.
#FTX had $3.4B in Crypto in April. The proposed plan is to sell assets worth up to $200M per week.
Use Tight Stops in Every Trade, Specially in #SOL #APT #DOGE #XRP #MATIC
3 hours left until the mega pump on MEXC! Things are looking great for us and we will definetly be expecting a very nice pump!
Here is a list of things you need to know before the pump:
- The faster you buy the more profit you will make, buying early is the most important factor that will determine your profits.
- If you are using market buy , using the 100% option won't work , instead use between 75% and below.
- The pump will be free for all and on MEXC, the signal will be given on all our telegram groups at the same time
#BITCOIN DAILY TF UPDATE :
#BITCOIN is been consolidating in a range and did an attempt to test it as resistance. Well, its range to kinda movement is slow and volume is dead. Overall, trend is down and slowly lining towards the Support near $25,000.
Here's the Analysis of #ZIL :
#ZIL is been floating over the major support zone of $0.0152 - $0.0157 and made a small bear flag pattern, which is a bearish continuation pattern. Well, Buys and Sells both are risky at this point unless we get a breakout. Wait for Break and set a alert for it.
What are Testnets ?
A testnet, short for "test network," is a separate blockchain network used by developers to test and experiment with new features, upgrades, and applications without risking real assets or transactions. It serves as a sandbox environment for blockchain projects to ensure the stability, security, and functionality of their software before deploying it on the live mainnet.
Here are some key characteristics and functions of testnets:
1. Isolation: Testnets are isolated from the mainnet, meaning they run on a different blockchain with its own tokens or assets that have no real-world value. This isolation allows developers to conduct experiments without affecting the actual cryptocurrency network.
2. Simulation: Testnets simulate the conditions of the mainnet, including transaction processing, smart contract execution, and consensus mechanisms. This allows developers to identify and address any bugs, vulnerabilities, or inefficiencies in their code.
3. Free Tokens: Testnet tokens, often referred to as "faucet" tokens, are freely available to users and developers. These tokens can be used for testing purposes, such as sending transactions, deploying smart contracts, or interacting with decentralized applications (DApps).
4. Public and Private: There are both public and private testnets. Public testnets are open for anyone to use and are ideal for testing the broad functionality of a blockchain project. Private testnets are restricted to a specific group or organization and are often used for more confidential or specialized testing.
5. Version Compatibility: Developers use testnets to ensure that new versions of blockchain software are compatible with existing versions. This compatibility testing prevents network disruptions and forks when upgrades are deployed on the mainnet.
6. Community Feedback: Testnets provide an opportunity for developers to gather feedback from the community, identify potential issues, and make improvements based on real-world testing.
7. Smart Contract Development: Testnets are particularly crucial for smart contract development. They allow developers to verify that their smart contracts perform as intended and are secure before deploying them on the mainnet.
8. Rapid Iteration: Since testnets are not constrained by the same rules as mainnets, developers can rapidly iterate and experiment with various features, configurations, and applications to refine their blockchain project.
#BTC made a strong jump and crosses the Consolidation Range and gave a breakout above it. Well, This might due to #DXY made a tiny rejection with the resistance area. A weekly candle close will clear the direction and potential moves.
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Dear members,
Exactly 48 hours left for our biggest MEXC pump signal in history!! We expect the maximum number of participants in this pump, reaching millions of traders from every corner of the world. The whales we have on our team for this pump are the biggest we’ve ever had, We’ll be constantly pushing the price higher, not likely seeing many retracements. 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 5000%-7000!! Big reminder that we are doing the pump on MEXC.
#BTC.D (#Bitcoin Dominance) is also hovering over the major support zone kinda making Head and Shoulder Pattern. Well, #BTC.D also looking in bit indecision now. Anyways, alts have to suffer a but with this, So any move or small rally might be a fakeout, so watch the levels.
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Here's the Analysis of #LINK :
#LINK is been consolidating in a very large range and currently, hovering over major support zone of $5.390 - $5.530. Well, price kinda make a messy price action now (Blue Box), which might not good for setups. Wait for the breakout or take setups at major support zone once price reaches.
What is LP (Liquidity Provider) ?
Liquidity Providers (LPs) are entities or individuals who supply buy and sell orders to the financial markets to increase market liquidity. LPs are the source of trading volume that help ensure that trades can be executed as planned and at the prices that the party would like to transact at.
LPs can be market makers, high-frequency trading firms, investment banks, or other financial institutions. The role of LPs is extremely important as they provide a continuous source of buy and sell orders which helps to ensure that there are always enough buyers and sellers in the market, even during periods of low demand. A market with low liquidity has few buyers and sellers, making transactions difficult to execute, which may result in large price swings.
Without LPs, financial markets would be less efficient and less attractive to market participants. For example, if there are only a few buyers and sellers for a particular asset, it may be difficult for investors to execute a trade at a fair price. This will result in an unfavorable price, causing a large deviation away from the intended execution price.
In the cryptocurrency market, Decentralized Exchanges (DEXs) have emerged as a strong alternative to Centralized Exchanges (CEXs). In a DEX, users trade directly with one another without the need for a central authority. In order to maintain market liquidity, DEXs often rely on LPs to supply the tokens.
One way LPs increase the market liquidity is by providing two or more tokens into a liquidity pool and, in return, receiving an LP token as a form of receipt. A liquidity pool is a pool of capital provided by multiple LPs that can be used to facilitate trades and maintain market liquidity. LPs in the pool earn a fee for providing their capital through every swap that is transacted in and out of the pool, while traders benefit from the increased liquidity and the ability to execute trades quickly and at stable prices.
However, there are also risks associated with being an LP. For example, the cryptocurrency market is known to be volatile, which means that prices fluctuate wildly, and impermanent loss can be significant for LPs. If they are not hedged properly, losses can far exceed gains. Additionally, if there is not much activity in the liquidity pool, LPs may be unable to sell their holdings eventually and face a loss.
#UNFI made a Rejection with the confirmation of the Reversal Candlestick Pattern and moved around 21% in favor. I hope to took the setup accordingly and the Support remains strong as well. If price falls again back to support, then you can take the same setup.
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Here's the Analysis of #ARB :
#ARB is been selling-off from the major resistance zone of $0.912 - $0.931. Also, price formed the Bear Flag, which price is resulting. Looking Left, Levels are clean to move lower, no potential levels to hodl. Wait for the price to pullback and take short-sells over $0.87.
#SNX made a support near the structural area and gave a strong Rejection Candlestick, which might a reversal move till strong resistance zone of $2.36. Careful with any sort of buys and all.
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#BITCOIN WEEKLY UPDATE :
#BITCOIN Previous Weekly Candle Cleared out the Previous Week High and this week, price mostly consolidated and making a indecision candle.Still, We're bearish, so downtrend continuation is expected and Target remain the same.
#JET pump summary:
Amazing signal with around 170k USDT in volume with a peak of +10200%. Hundreds of thousands of MEXC traders took notice of our call on #JET as it climbed the 'Top Gainers' list, resulting in massive profits for all! As we promised our whales supported our coin and we managed to go beyond our profit expectation perfectly and we're glad everyone participated. Although the peak didn't last as long as we intended it to, our coin sat as the #1 gainer on MEXC for few minutes. The sell pressure we faced today was unexpected, and as you can tell from our previous signals our coin should've stayed at its peak for much longer. Which means we gave external selling pressure from bots. Overall, we can safely say that this signal was a huge success and that the upcoming one will be a long lasting pump and we will make sure to reach again +10000% gains on MEXC. We are receiving many messages of appreciation and we are glad many of you managed to turn a massive profit on this signal! Stay tuned for our next signal announcement!
The coin we are pumping tonight is : JET
https://www.mexc.com/exchange/JET_USDT
Buy and hold for massive profits
Dear members,
6 hours left until the biggest pump we have ever done on MEXC!
- Our target will be 5000%-7000% gains today. We will be using the MEXC exchange to pump.
- We will be using the USDT pairing to buy, make sure you have USDT in your account to buy the coin.
- Hundreds of hundreds of traders will be buying at once, make sure you buy early before outsiders do.
- If you plan to use your whole balance, you can buy using 75% of your balance initially at market price, use the remaining of your balance to place buy orders!
- When you buy the coin and it's time to sell, never sell on the buy supports! Instead sell slowly in parts as the price goes up.
- After buying, we highly suggest to place buy orders below the market price as the price moves up.
📣 12 hours remaining until our pump on MEXC! Our pump will be free for all and everyone will receive the signal at the exact same time. A few tips before we begin : Buying early and fast is very important! Make sure to be active during the pump. If you buy and sell for a profit we suggest adding a buy order at a lower level afterwards to ride the waves and help support the pump, never sell on the buy supports! Instead sell slowly in parts as the price goes up. We are aiming at 5000%-7000% gains today possibly even more, make sure you have “USDT” in your “MEXC wallet” before pumping.
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Exactly 24 hours left for the biggest MEXC Mega Pump we’ve ever seen, expect profits of no less than 5,000% and a volume never seen before, our big whales will be pushing price up for hours after our initial signal, getting the biggest volume from outside traders, and making sure all our members make huge profits again!
Make sure you have “USDT”in your “MEXC wallet”before pumping. Be ready at 4pm GMT tomorrow.
#LINK is gave a breakout above the small range and might have potential to move to the upside. Resistance will play well as obstacle to rejection from. Risk Takers Can take the risk here with Very tiny size.
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Here's the Analysis of #ADA :
#ADA is been consolidating (Grey Box) over the major support zone of $0.2525 - $0.2547. Well, Overall market is bit messy at the moment. We've to wait for a breakout of the range either side. Short-sells will be high probable to us, to have an eye on it.
What is Mainnet ?
Mainnet, short for "main network," is the primary blockchain network where transactions involving a particular cryptocurrency or token occur. It is the live, functional version of a blockchain platform, as opposed to a testnet or other development environments.
Mainnets serve as the backbone of various blockchain-based systems, including cryptocurrencies like Bitcoin and Ethereum. They are responsible for processing and validating transactions, maintaining the ledger of all past transactions (the blockchain), and securing the network through consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS).
Here are some key characteristics and functions of mainnets:
1. Real Transactions: Mainnets handle real transactions with real economic value. When users send or receive cryptocurrency, it occurs on the mainnet.
2. Security: Mainnets use cryptographic algorithms and decentralized consensus to ensure the security and immutability of the blockchain. This makes it extremely difficult for anyone to manipulate the transaction history.
3. Decentralization: Mainnets are often decentralized networks, meaning no single entity has full control over the network. Nodes around the world participate in transaction validation.
4. Token Creation: Many blockchain projects create their own tokens or assets on mainnets using standards like ERC-20 for Ethereum or BEP-2 for Binance Smart Chain.
5. Smart Contracts: Mainnets like Ethereum support smart contracts, self-executing agreements with the terms of the contract directly written into code.
6. Mining or Staking: Depending on the consensus mechanism, participants (miners or validators) earn rewards for their contributions to the network's security and consensus.
7. Economic Activity: Mainnets host various economic activities beyond simple transactions, such as decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and more.
8. Upgradeability: Blockchain networks can evolve, and changes or upgrades may be proposed and implemented through forks or network upgrades. However, these changes require consensus among network participants.
Mainnets are the foundation of the blockchain ecosystem, enabling the secure and transparent transfer of digital assets. They have real-world applications across various industries and are essential for the functioning of the decentralized internet.
#BTC still Standing strong over the $25,000 mark and had a retest in-fact both side. Well, now it creating another sort of accumulation zone over the $25,000 level. A Breakout will lead in the impulsive move either side, so have an eye on it.
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Hello everyone, 3 days left until our next free for all pump on MEXC. We can guarantee that this upcoming pump will have amazing results, We now have a new and bigger team of whales on our side, which is by far the strongest in the market, we’re ready to see our biggest volume in history, we don’t expect this pump to make all our members less than 5000% in profits. That’s exactly why we decided to pump on MEXC, and why this pump will be the biggest we’ve ever seen. As we get closer to the pump, more details will follow , stay tuned! Read pinned post 😊
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#DXY gave a break and retest of the resistance trendline and hit the Drawn-up Resistance Area around 104.8%. Well, this is a weekly chart, so have to wait for weekly closing. Market will react strong if #DXY reject from here or a breakout happen, then we'll see Blood Bath in the Market.
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Looks like, price want to sustain above the $25,000 mark, reflect through the consolidation over below the range. Well. Let's see where it break as its still bearish, unless any news kicks in.
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