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What is PoS (Proof of Work) ?
Proof of Stake (#PoS) is a consensus #algorithm used in #blockchain networks as an alternative to Proof of Work (#PoW). It is used to validate transactions and add new #blocks to the blockchain.
In #PoS, #validators or nodes are selected based on the amount of cryptocurrency they hodl or "#stake" in the network. The more cryptocurrency a validator hodls, the higher their chances of being chosen to validate the next block. This is in contrast to PoW, where miners compete to solve complex mathematical problems in order to# validate the next block.
The process of block validation in PoS is called #forging, and the validators who are chosen to forge the next block are responsible for validating #transactions and adding them to the blockchain. Validators are incentivized to act honestly and perform their duties correctly, as they can lose their stake in the #network if they are found to be malicious or negligent.
One of the advantages of #PoS is that it is more #energy-efficient than PoW, as it does not require the use of specialized #hardware to perform the validation process. It also allows for a greater level of #decentralization, as more individuals can participate in the network as validators.
However, #PoS also has its limitations. For example, it can be vulnerable to# attacks if a single entity or group of entities holds a large percentage of the total #cryptocurrency in the network. It also requires a certain level of #trust in the validators, as they have the power to validate transactions and add them to the blockchain.
#FIl moving very slowly with a very low momentum movement. Price reach out out the mentioned resistance nearby $6.40, which is the resistance too. It you took the position, then just close here with minor Profits.
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#Bitcoin didn't gave any strong movement yet, price just respected the 4H Support zone around $30,200, inside the major support level. Today is the weekly candle closing and need a closing above $30,000 ($30,200 to be Specific).
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Here's the analysis of #INJ :
#INJ moved above the major level of $7.48 - $7.78 and now acting as major support level. The wick above more look like a sell-pressure. Currently, price retesting the for a potential move up, but buys would be risky here. Take it accordingly/ small risk.
What is Stable coin Supply Ratio (SSR) ?
The #Stablecoin Supply Ratio (#SSR) is the ratio between the# Bitcoin supply and the equivalent supply of stablecoins denoted in BTC. It is calculated as #Bitcoin Market cap / Stablecoin Market cap. This serves as a proxy for the supply/demand mechanics between #BTC and #USD.
The SSR oscillator is used by traders and analysts to identify market trends and potential buying or selling opportunities in Bitcoin.
When the #SSR is low, it indicates that the current stablecoin supply has more relative "buying power" to purchase #BTC.
When the #SSR is high, it indicates that the current stablecoin supply has less relative "buying power" to purchase #BTC.
Over the last few days, there has been a consistent movement of stable coins into #Bitcoin, which has been another driving force behind its rise above $30,000.
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#BTC did take a retest back to the zone as major support level. Expecting this area to hodl the price and sustain above $30,000. Weekly Candle, already going above the Weekly resis area, need a closing too 📈
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Those Who Don't know about "#UTXO Realized Price Distribution"
Here's the one for You
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What is #UTXO Realized Price Distribution ?
The #UTXO Realized Price Distribution is a chart that provides insight into the price at which each unit of a #cryptocurrency has been transacted since it was last moved on the blockchain. The chart #maps the number of units of the cryptocurrency that were transacted at different #price ranges.
The #UTXO Realized Price Distribution is based on the Unspent Transaction Output (#UTXO) model, which is used by many cryptocurrencies, including Bitcoin. In this model, each transaction #output is considered as an unspent output, which can be spent in future transactions.
The #UTXO Realized Price Distribution chart can help investors and analysts understand the behavior of cryptocurrency #hodlers and traders. For example, it can reveal whether investors are holding on to their cryptocurrency during #market downturns or selling it off, and at what prices. It can also help to identify #support and #resistance levels in the market.
#ETH didn't gave any retest from the resistance and did gave a massive breakout of the zone and reaching out the next resistance area. Well, we can see some pull-back now, because that jump is too aggressive. The next major resistance is at $2320 - $2405.
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#BTC rejected the bottom range of the major resistance zone and gave a breakout above it. There's a minor Daily candle close, so better wait for the today's Daily Closing too. Moreover, now $31,700 is the next potential resistance to reach out
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#VIDT/BTC breakout falling wedge retested successfully. Getting ready for the beast ride 🚀🚀
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#VIDT/BTC BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: 144-185-245-300 satoshi
Stop if 1D closes below 115 satoshi
Interesting 👀
The week preceding the #Shanghai upgrade, an additional 2381 validators joined the Exit queue, bringing the total to 3579.
This is equivalent to 114,528 #ETH withdrawn (0.6% of total stake). However, only 57,600 #ETH will be released per day as the queue regulates exit amounts.
#BTC stayed inside the the major resistance area, making small moves down. Price did tried to breakout of the zone of with the #CPI news, eventually Rejected. Currently, nothing to do here about, until price decides to breakout of the major level or if price breaks below $29,600 then we've clean candles to move lower.
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Here is an analysis of #XRP:
Price gets a strong rejection from the resistance zone. The big wick above the resistance zone is showing liquidations and stop loss hunting. The local support zone is $0.479-$0.493 zone and if the price is unable to hold this then we see a dump toward the $0.42 level.
A record 53.3% of #Bitcoin supply has not moved in at least 2 years. Supply not moving means lesser sell pressure 📈
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Small Risk playing well, #INJ Move back up till the structural highs, which is now acting as the resistance zone too around $8.72. Trade peaked around 12.8% in profits. I hope you secured some positions with that.
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#XRP is been moved in a range now, and earlier played well, till the top of the trade. Currently, price looks like getting Rejected over the level, if you want to trade this then go for it, until then wait for a breakout of the either side 📈📉
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#XRP played out the range pretty well and moved up towards the resistance area nearby $0.538.
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Price did gave a break above the resistance area but ended up being rejected. Moreover, daily candle also rejected too and shifted the structure bearish. Expecting a short-term pullback and incase of candle flips above it then you can look for buys
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Here's the analysis of the #BNB :
#BNB broke out of the small channel pattern and tapped out the major resistance area of $333 - $337. Price nearly goes once and rejected again. Still the bullish market structure is maintained throughout the move. As of now, its a no trade zone, better you should wait for the breakout of the resistance
Despite #Bitcoin's almost 100% increase in price since then, 6% of the total #Bitcoin supply was last transacted at the $16K level. This suggests that those who purchased #Bitcoin at that level are hodling onto their investments and have no plans to sell in the near future, making them the buyers of last Obstacle.
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Exactly $31,000 Kissed 📈🚀
Let's see how far it can go 👀
Here's the analysis of #FTM :
#FTM reached up the strong resistance zone of $0.512 - $0.521 after being in a huge consolidation range. Looking for a strong rejection for shorts on the strong resistance. Alternatively, we might have to wait a flip above the zone for fresh long opportunity.
#VIDT holding horizontal support here we can see good spike anytime from this zone 🚀
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#VIDT/USDT BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: $0.04415-0.05975-0.07275-0.08955
Stop if 1D close below $0.03401
#ETH just did a massive breakout if the structural resistance area. Well, there's many more fundamental changes and News around it to make it so. Currently, price nearly reached out the major level nearby $2000. A rejection/ short-term pullback is expected with that area.
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https://www.binance.com/en/support/announcement/a03bc67df117414cbfedf016f6611f9e
Updates on Binance ETH 2.0 Staking Withdrawals | Binance Support
Hello everyone, the next official Kucoin Mega Bull Call will be scheduled for :
- Date: Wednesday , April 19th
- Time: 16:00 GMT
- Exchange: Kucoin.com
After hours of discussion with our team, we have decided to schedule our next Kucoin Mega Bull Call in 7 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 big calls which made a peak of 800%-1000% and remained in the "Top Gainers" for over 24+ hours on Kucoin.
With the support of our giant market whales and In combination with a lot of Discord groups and Telegram groups we have more reach than ever before! 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 believe that with our massive buying power we will be able to reach over 1000%+ easily possibly even more. 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 7 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 Wednesday at 16:00 gmt. We have also put together a small guide on how to trade our Mega Bull Call effectively on Kucoin to make sure all our members are well prepared : https://telegra.ph/How-to-Trade-KuCoin-Mega-Bull-Call-09-20
Stay tuned | Happy trading 😊