Here's the Analysis of #PENDLE :
#PENDLE moving with in the large channel pattern and started a small consolidation inside the resistance area of $4.66 - $4.92. Price looks bullish and healthy and expected to move higher, so look for the Daily candle closure and breakout.
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#STMX given still holding the support zone now its attempting to have a break, and closing is still pending. Once candle close below then we can have a 15% shorting range, so take it accordingly.
Читать полностью…Here's the Analysis of #GALA :
#GALA rejecting from the resistance area and moving with the large channel pattern, still following it. Price action is not clear much, need to see some sort of the break above the $0.024, by which price will make the way to the Strong resistance area around $0.027 - $0.028.
While long-term holders own 47.4% of all underwater Bitcoin, their actual unrealized losses are relatively small. This is a positive sign - even though many who bought near the top are technically at a loss, their portfolios aren't deeply underwater. This suggests these holders are under minimal financial pressure to sell."
The original makes a strong point but uses jargon like "paper losses" and "drawdown" that can be simplified. The revised version maintains the key insight while being more accessible and direct.
#BTC perfectly dropped to the support zone and got a strong rejection from there. Price made a very decent jump, and need to see a H4 break of $67,500 and we can see price moving higher towards the $69,000 and eventually $70,000.
Читать полностью…What Are Tap-to-Earn Crypto Games?
Tap-to-earn crypto games are a novel category of mobile applications that allow users to earn crypto rewards by performing simple, repetitive actions - typically tapping or clicking on their device screens.
These games have gained significant popularity on Telegram, offering an accessible entry point in crypto for millions of users worldwide.
At their core, tap-to-earn games operate on a straightforward premise: users repeatedly tap an icon or button within the game interface to accumulate points or in-game currency. This currency can later be converted into crypto tokens, which may have real-world value. The games often incorporate additional features like energy systems, upgrades, and social elements to enhance engagement and retention.
How Do Tap-to-Earn Crypto Games Work?
The mechanics of tap-to-earn crypto games are designed to be simple and addictive:
- Tapping: Players tap a designated area on their screen to earn points or in-game currency.
- Energy system: Most games implement an energy bar that depletes as players tap. Once exhausted, players must wait for it to refill or use boosters.
- Upgrades: Games often allow players to spend earned currency on upgrades that increase tapping efficiency or energy regeneration.
- Social features: Many games incorporate referral systems and team challenges to encourage viral growth.
- Tasks and missions: Additional points can be earned by completing specific tasks or daily missions.
#ARKM still holding the support zone and in Daily TF, it kept on rejecting the area. Price is going though the Falling Wedge Pattern and need to see a good candle close moving taking the longs.
Читать полностью…#BTC still moving inside the consolidation and moving lower slightly. Expected a more drop towards the support zone, which will good for the next impulsive move.
Читать полностью…What Is a Tangle?
A Tangle is an innovative distributed ledger technology that uses a directed acyclic graph (DAG) structure instead of the traditional blockchain design. This unique architecture represents a significant departure from blockchain's linear chain of blocks, as transactions in a Tangle are interconnected in a web-like pattern.
The key feature of a Tangle is its validation mechanism: when a user wants to make a new transaction, they must first validate two previous transactions in the network. This creates a self-sustaining system where each participant actively contributes to the network's security and consensus. As more transactions join the network, they form a complex web of interconnected verifications, with newer transactions indirectly confirming older ones through this validation process.
This structure offers several advantages over traditional blockchain technology. First, it enables parallel processing of transactions, potentially allowing for infinite scalability. Second, since each user participates in validation, there's no need for miners or validators, eliminating transaction fees and making it particularly suitable for micropayments and Internet of Things (IoT) devices.
The Tangle architecture also addresses the bottleneck issues common in blockchain systems. Rather than forcing all transactions through a single chain, the Tangle allows multiple transactions to be processed simultaneously. As network activity increases, transaction confirmation speeds can actually improve, contrary to blockchain systems that often slow down under heavy load.
However, the Tangle design isn't without challenges. The security of transactions depends on the network's size and activity level, as a sparse network could be vulnerable to attacks. Additionally, achieving distributed consensus in a DAG structure presents unique challenges compared to blockchain's more straightforward consensus mechanisms.
Despite these challenges, the Tangle represents an innovative approach to distributed ledger technology, offering potential solutions for scalability and fee issues that have long plagued traditional blockchain systems. It's particularly promising for applications requiring high throughput and minimal transaction costs.
#GOLD UPDATE :
#GOLD retraced a bit and pushed into the new all time highs and might continue to push so. Price build up strong liquidity areas, and might continue to develop some sort of retracement move now.
Here's the Analysis of #SAGA :
#SAGA a successful breakout of the major resistance level and now back inside the range and can drop lower towards the $2.30 level. Accumulation looks inside these area and final area would be $2.05 - $2.15.
On-chain analysis allows us to assess how many coins are held in profit or loss and the size of unrealized gains or losses. By comparing the Long/Short-Term Holder Supply Ratio, we can see a large number of coins transitioning into Long-Term Holder status, pushing this ratio to its highest level since mid-2021. This indicates that HODLing remains the dominant behavior among Bitcoin investors.
Читать полностью…#BTC gave a very solid closing on weekly TF and moved towards the next resistance area of $69,000 - $69,3000. The physiological level is at $70,000 so you can expect a fakeout with that too. As weekly closed strongly bullish, so there're higher chances that price can drive continue to bullish.
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Recent data on Short-Term Holders (STH) reveals an encouraging trend. While these newer investors are currently at a loss (shown by their MVRV ratio below 1), their losses are much smaller than during previous bear markets like 2022. Even better, while Bitcoin's price has stayed flat recently, the STH profitability metric is improving. This suggests new investors are under less financial pressure than typically seen in bear markets.
Читать полностью…#BTC moved above the $68,000 and rejected nearly form the resistance area. The good thing is price made its bullish market structural shift, so we can expect to move further higher. We're already nearly the Weekend and so we can see small move with that.
Читать полностью…What Are Some Popular Tap-to-Earn Crypto Games?
Several tap-to-earn crypto games have gained significant traction:
- Notcoin: One of the pioneers in the space, Notcoin attracted over 35 million players and conducted a major token airdrop in 2024.
- Hamster Kombat: This game combines tapping mechanics with a crypto exchange management simulation, claiming over 300 million users.
- TapSwap: With over 60 million reported players, TapSwap closely mirrors the Notcoin model.
- Catizen: Players match cartoon cats on a puzzle board to earn rewards.
Most of these games are built on The Open Network (TON), a blockchain closely integrated with Telegram, which provides access to the messaging app's vast user base.
Are Tap-to-Earn Crypto Games Sustainable?
The long-term sustainability of tap-to-earn crypto games is a subject of debate among experts. Some key considerations include:
- Token economics: The value of game tokens depends on maintaining a balance between supply and demand.
- User retention: Games must evolve to keep players engaged beyond the initial novelty.
- Regulatory concerns: As these games involve cryptocurrency, they may face scrutiny from financial regulators.
- Market saturation: The proliferation of similar games could lead to diminishing returns for players and developers.
- Blockchain scalability: As user bases grow, the underlying blockchain networks must be able to handle increased transaction volumes.
What Are the Potential Risks of Tap-To-Earn Crypto Games?
While tap-to-earn games offer an easy way to engage with cryptocurrency, they come with several risks:
- Financial risk: The value of earned tokens can be highly volatile.
- Time investment: Players may spend significant time for relatively small rewards.
- Data privacy: Some games may collect user data for marketing or other purposes.
- Addiction potential: The simple, repetitive nature of these games can be habit-forming.
- Scams: Not all tap-to-earn games are legitimate, and some may be designed to exploit users.
#TOTAL2 MARKETCAP UPDATE :
#TOTAL2 played well, Alts got its corrective move whole October and now we got a weekly closing above the zone too, but Daily kinda turning slightly bearish can be considered be as a Fakeout to induce sellers.
Here's the Analysis of #ALPHA :
#ALPHA got it very hard rejection from the flip area of $0.136 - $0.141 and had a very long corrected move. Price already reaching the minor support zones and accumulation looks good here. The next major support zone is at $0.044 - $0.049.
Analysis of underwater positions reveals a striking shift in market dynamics: long-term holders now control a commanding 47.4% of all coins in loss. This concentration echoes critical turning points in Bitcoin's history - specifically the re-accumulation phases of 2013, 2019, and 2021. Just as in those periods, we're seeing seasoned investors methodically accumulate positions despite being underwater, a behavior historically associated with the early stages of market recovery. This pattern of long-term holder dominance in loss positions has often signaled a mature phase of price discovery, where short-term speculative activity gives way to strategic position-building by experienced market participants.
Читать полностью…Binance Will Delist IDRT, KP3R, OOKI, UNFI on 2024-11-06
https://www.binance.com/en/support/announcement/043c8407bb904652a428573a50d07e07
Here's the Analysis of #APE :
#APE got a very hard rejection from the major resistance area of $1.73 - $1.78 and reaching towards the flip area of $1.28 -$1.29. Its a flip zone so expecting a bounce from there, and in case from close below, we can see short-term sells going on and take the advantage.
Long-Term Holder supply at unrealized loss is increasing, mainly from coins bought near the $73k ATH that are now passing the 155-day mark. While these unrealized losses indicate financial pressure, Long-Term Holders typically maintain their positions through volatile periods, showing resilience in their investment strategy.
Читать полностью…#BTC rejected hard from the resistance made and dropped lower to liquidity points and approaching towards the strong support zone area. That would be a healthy option for the market to move higher.
Читать полностью…What Is the Taint?
"Taint" in the context of cryptocurrency refers to the degree of association between two Bitcoin addresses based on their transaction history. It measures how closely linked two addresses are by tracking the movement of Bitcoin from one to the other. This can be useful in analyzing whether funds in a specific wallet are connected to a particular address, such as in cases of stolen funds or money laundering.
For example, if Bitcoin is transferred from one address to another, the second address may be considered "tainted" by the first, especially if the first address is linked to illegal activity. Taint analysis helps investigators trace the flow of funds and assess the risk associated with specific addresses.
There are different types of taint, including:
1. Direct Taint: When Bitcoin is transferred directly between two addresses.
2. Shared Taint: When Bitcoin from two addresses is combined in a third address.
3. Proximity Taint: The degree of separation between addresses through a chain of transactions.
Taint analysis can be helpful in anti-money laundering (AML) efforts and blockchain forensics.
#US30 UPDATE :
#US30 goes as per then plan, price retraced and made a new All-Time Highs. Now we've nothing on the left to see the levels then only thing we can observe is the trendline. We can expect a retracement to the trendline and new ATH discovery.
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Here's the Analysis of #MEME :
#MEME is been goes into the consolidation range and moving between the Build-up support zone of $0.0087 - $0.0092 & resistance Area of $0.012 - $0.013. Price had a clear break out of the level and retested too, so we can see a move towards the Fiip area at $0.017 - $0.018, which is a 36% trading range.