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#GOLD UPDATE :
#GOLD broke below the support area and retraced back to the zone as resistance now. Price kinda formed a bear flag and expected to more dump is expected with session open. Daily TF looks bearish to this might play good till support around $2308.
Here's the Analysis of #W :
#W is a recently got listed in Binance project and moving over the major support area of $0.52 - $0.54. The price looks in a huge consoldiation range and moving very correctively. Range trading looks good from here towards the resistance around $0.75 - $0.77.
More than $150M+ Liquidated with the $3,000 dump in #BTC.
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Here's the Analysis of #LPT :
#LPT moving nearby the Major Resistance Area of $21.50 - $22.15 and moving within the uptrend channel pattern. Currently, price testing the channel as support and expected a bounce from here, so you can plan the setup as target $26.00 or $27.20 area.
In the run-up to Bitcoin's all-time high (ATH) on 14-March, there was a noticeable increase in speculative activity. Specifically, capital accumulation has been observed among short-term holders, with the USD wealth held withing coins moved within the last 6 months approaching $240B, near ATHs.
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#BTC made its weekly closing with a Strong bullish body and also a big rejection wick. The good point is price Weekly candle sustaining above the zone. Normally, price right now testing the resistance in LTF H4 and hodling. Looks like price might take a deep retest again back to support areas around nearby $67,000.
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Here's the Analysis of #ADA :
#ADA kept on bouncing from the major support zone of $0.41 - $0.42 and moving within the consolidation range below the Key Resistance Area of $0.54 - $0.55. The range itself huge enough to trade the range, so try to take the opportunity and Buy/Sell only after the breakout.
Accessing the STH Cost Basis for Ethereum as well, which has provided support on several occasions in this uptrend already. Ethereum's STH-MVRV is trading at a very slight premium at the moment, which could suggest that spot prices are very close to the cost basis of recent buyers, who may panic should the market experience downside volatility.
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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, gave a shallow closing over the resistance area. Price made a aggressive push to the upside, and hit the daily resistance area. Its getting a rejection and might have a retracement by next week.
What Is Rough Consensus ?
Rough consensus, in its bare essence, refers to a method of decision-making that doesn't necessarily require unanimity. Instead, it allows to strike a balance, offering a decision that the majority agrees with, while not dismissing the views of the minority. In our increasingly connected and participatory world, this approach to decision-making has become even more critical.
Contrasting this with complete consensus, which demands total agreement, rough consensus is more about gauging the general trend of opinions. This subtle yet significant difference makes it a more practical and feasible approach in larger groups or complex systems, like blockchain governance, where achieving total unanimity is almost a Sisyphean task.
Deciphering Rough Consensus in the Blockchain & Cryptocurrency Sphere
In blockchain governance, rough consensus holds a pivotal role. The decentralization principle of blockchain technology necessitates a democratic way to make collective decisions. That's where rough consensus comes into play.
Bitcoin and Ethereum, two of the biggest cryptocurrencies, adopt this method of governance. In these systems, changes are proposed, and participants are allowed to vote by expressing their support or opposition. Unlike majority rule, where a simple 51% can dictate the outcome, rough consensus attempts to reconcile differing views and find a solution that, while not perfect, is acceptable to the majority.
Of course, there are other consensus mechanisms in the world of blockchain, like Proof-of-Work and Proof-of-Stake. But these mechanisms serve a different purpose. They are technical mechanisms used to validate transactions and create new blocks, maintaining the blockchain's integrity and security. In contrast, rough consensus is a socio-political method for decision-making within the blockchain community.
Countdown Alert! Less than 20 minutes until $TWIF Launches on MEXC!🔥🚀
MEXC buy link: https://www.mexc.com/exchange/TWIF_USDT
🌟 #GOLD UPDATE :
#GOLD retraced back to the support area as mentioned after the new #ATH. Price made a break below of the both support zone, and now testing the zone as resistance. Structure looks bearish at the point, so with the Monday Market Open we can expect more dump in #GOLD next week.
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, moved up with the strong move after the fakeout. On HTF, its more looks like a large range, and this was leading towards the Mid-Term Rally in alts both sides. Right now, not expecting much from here as price is in the middle. Weekly closing will play important role for the market.
#ETH UPDATE :
#ETH breakout of the falling wedge pattern and broke the resistance area too. The move occurred due to the #ETH #ETF news. Now, price hodling above the zone and rejecting the zone as support too. Expected a next leg up towards the resistance area of $4,111 - $4,215.
#BTC didn't moved a lot and consolidating in Daily TF as candles printing side by side itself. Price tapped into the trendline and trying to rid of it. Price is not clear enough so better wait for the breakout of the range.
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#KEY continue the push after a good consolidation and high of $0.008717, which is 30.2% in profit. Secure more profits here.
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The Long-Term Holders, especially those in the 2 to 3-year cohort, have shown a significant decline. Some coins matured into the 3 to 5-year age band, while others were sold for profit. This divestment, influenced by the approval of ETFs, peaked in February 2024 as the market rallied, just a month before BTC reached its $73k ATH. Historically, Long-Term Holders take profits during strong demand periods.
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#BTC touched $70,000, gone a bit above, swept the liquidity and made a lower break. That's a clean trap move. Right now, price is about to test the trendline and a possible bounce can come. Otherwise, we've a support at $65,000.
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#ENJ forming a small triangle pattern and now trying to break below the uptrend channel pattern. Well, market is somewhere bullish now, so this can turn into the fakeout. Also, there's a resistance line above, which can give the buy opportunity for buys towards the next resistance area.
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💥Exciting news, dear members! In response to Massive demand from our community, we're thrilled to announce that our next 50X-100X Mega Pump Signal will be hosted at MEXC. Get ready to ride the wave of opportunity with us💥
Date: 2-June-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
Advantage: Free For All
The approval of the ETH ETF marks a significant bullish signal for altcoins. Furthermore, the rejection of BTC dominance from the major resistance zone provides strong bullish momentum for altcoins. Our previous MEXC Mega pump signal #JET (+10600%) was a tremendous success, and this upcoming move has the potential to make history after a considerable time.
Get ready for the biggest event in our group's history! we are targeting 50X-100X gains. This one is set to outshine all our past successes in terms of percentage gain as More than 1Million active participants are ready to take advantage of this Mega event! Our team is continuously scanning all promising coins available in the market and we've got some absolute gems💎 which are absolutely ready to make waves in the market which you had never witnessed till now🚀🚀
Stay tuned for upcoming instructions to ensure all our members are geared up for MEXC. Get prepared for the pump of a lifetime✌️
What Is Ryuk Ransomware?
Ryuk ransomware is a ransomware attack. The Ryuk ransomware variant was originally discovered in August 2018 and since then it has managed to grow in visibility in order to become one of the most known as well as costliest ransomware variants of our time. This is due to the fact that, unlike early variations such as WannaCry, Ryuk is designed to be targeted. The design of this malware means that each of the victims has to receive the individual attention of the cybercriminals operating the malware. Ryuk is used in many targeted campaigns that have highly tailored infection vectors as well as high ransom demands.
Discussing Ryuk even further, the ransomware focuses on quality over quantity when it comes to picking out its victims. A Ryuk infection starts with a targeted attack to infect an intended victim, which follows file encryption as well as an extremely large ransom demand by the Ryuk ransomware.
When we discuss targeted means, these include the use of tailored spear-phishing emails as well as the exploitation of compromised credentials that are used to remotely access systems through a Remote Desktop Protocol (RDP).
A spear phishing email can carry Ryuk directly or be one of the first in a series of infections. Ryuk then uses a combination of encryption algorithms, such as an asymmetric algorithm known as AES-256 as well as an asymmetric algorithm known as RSA 4096. This means that Ryuk essentially encrypts a file with the symmetric algorithm and includes a copy of the symmetric encryption key encrypted with the RSA public key. When the victim pays for the ransom, the Ryuk operator will provide a copy of the corresponding RSA private key, which enables decryption for the symmetric encryption key where it is used on the encrypted files.
#DXY UPDATE :
#DXY moved very correctively to the upside and retested the resistance again. Index formed the resistance now, and expected the drop from here. A Drop will lead in good market movement to the upside. Alternatively, A Daily Candle Closure, will lead the good correction in the market.
Here's the Analysis of #ENJ :
#ENJ moving off from the strong support zone of $0.25 - $0.26 and broke the resistance line too. Price moving through the uptrend channel pattern and expected to tap into the Major Resistance Area of $0.40 - $0.41. You can trade the move till major level.
https://x.com/MEXC_Official/status/1794350736530362470
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The Short-Term Holder (STH) cohort includes investors who acquired coins within the last 155 days. Their average acquisition price acts as resistance in bearish trends and support in bullish trends.
This week, Bitcoin dipped below the STH Cost Basis at $59.8k, found support, and rallied. Retests of the STH Cost Basis are common in uptrends and are key levels to watch for potential inflection points.
Less than 4hours left untill $TWIF 💎 launching on MEXC⏳
$TWIF is heavily undervalued and we’ve seen a lot of accumulation from whales in last 2-3days. Jump in now as we’re expecting massive pump from $TWIF upon MEXC listing today🚀✌️
🥞 Buy on PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
🦄 Buy on Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
$TWIF is about to take off with a listing on #MEXC tomorrow at 13:00UTC! 🗓️
If you missed our initial 500% call for $TWIF, Now’s your chance to get in early as it can easily make 10X-20X rally upon MEXC listing tomorrow🚀
This is just the beginning for #Tomwifhat as per their official tweet $TWIF is set to launch on Tier1 CEX soon🚀
Buy on PancakeSwap & Uniswap:
https://pancakeswap.finance/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
https://app.uniswap.org/#/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350
What Are Ring Miners?
Loopring is an Ethereum-based exchange and payment protocol that implements a novel consensus mechanism. To avoid traditional order books and the AMM mechanisms that govern liquidity pools, Loopring employs network participants known as ring miners.
Ring miners facilitate orders by filling them before they can be completed or canceled. Those who work as ring miners are paid a service fee in the form of LRC tokens which is Loopring protocol's native token or a slip-margin from an order amount.
Ring-Miners are critical components of the Loopring network. Their activities revolve around executing orders with the help of order rings to gain a service fee. There are two types of rewards that ring-miner receive:
The first is the fees in the form of the Loopring (LRC) token generated by the platform. Under this case, the user who creates an order specifies the maximum number of LRC tokens to be rewarded to the ring-miner as a service fee.
Ring miners are also awarded through split margins, which are deducted from the total amount of a specific order. While placing an order, the user can also specify the portion of the margin that can be claimed for a specific order.
The decision of choosing between fees and margins is up to the ring-miners.
The compensation system in Loopring is intended to help ring miners receive adequate financial reward for the services they deliver during the order ring. It is based on an incentive system so that miners seek out the best exchange rate deals to obtain better split margins or service fees for themselves. Finding the perfect trading deals also ensures that users receive the most value for their traded cryptos, making it a promising win-win situation for both parties involved.
The Loopring smart contract defines how to fill an ordered ring when a ring miner completes it.
If the smart contract can execute the order on either side of the trade, it will perform a direct transfer from the smart contract to the user's wallet. Order rings also make ring-matching possible. Ring-matching completes orders by linking them together and securing multiple trades through multiple users. Order rings distinguish Loopring from other DEXs such as Waves or Bancor.
Let us make an imaginary order to better showcase these practices in action. Karen, Mark, and Dane are all interested in making a trade on the Loopring network. Karen wishes to exchange 2 HNT for 10 ADA, Mark wishes to exchange 21 VET for 1.5 OMG HNT, and Dane wishes to exchange 20 ADA for 40 VET. Ring miners would use ring-matching to combine these dislocated orders into a single order ring, in which Karen would trade her HNT with Mark, Mark would trade his VET with Dane, and Dane would trade his ADA with Karen. Everyone receives their desired coins after this ring order is approved by Loopring's smart contracts.
Except for Mark's, no one's order is filled. Loopring's order sharing would handle the leftovers, which would then be filtered into another order ring until each incomplete order is added up to the complete order.