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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.
#TOTAL MARKETCAP UPDATE :
#TOTAL MARKETCAP working well with drawn zones, index made a clean move and breakout too. Index made its upmove with a proper retest though. Now, its retracing and already testing the support. Minor dumps can be also expected, as weekend is about to kick in.
Big news in the crypto world! 🎉
The SEC has approved the #EthereumETF, opening new doors for investors and solidifying ETH's place in mainstream finance.
What Are Revenue Participation Tokens?
The whole point of investing is to productively save or grow wealth over time. In the private sector, investing is predominantly cash-based, typically done with a small part of one’s savings, either in the stock market or in precious metals like gold.
Today, holding cash means constantly losing money, either through inflation, which is currently growing in both developed and emerging markets, or thanks to the negative interest rates that have been the policy for much of Europe and North America. Because cash is unlikely to appreciate in value anytime soon, investing in the stock market, or in riskier assets, is one of the only viable options for longer-term growth.
But the stock market is a guessing game, impossible to predict, and easy to play wrong. Blockchain technology has been offering savvy investors alternatives for several years now, often in the form of cryptocurrencies. But it also creates a third option for a hedge in the form of tokenization.
One such use of this technology for investing would be in the form of revenue-share tokens, where companies could tokenize the ownership rights to percentages of their future profits and sell those tokens to investors to raise immediate liquidity. But there is a problem with this.
Tokenizing the ownership of an asset (or in this case its revenue) currently lacks the proper legal framework necessary in most jurisdictions. Additionally, owning a fraction of an asset comes with certain obstacles to the rights and obligations of the token holder.
An alternative to directly tokenizing revenue, and all the potential problems it can incur, is the revenue participation model, which is a two token system based on the well-established legal model usufruct that uses one participation token and one payout token.
Companies with stable income (or at least in a stable industry) tokenize percentages of their future profits. They sell these tokens to investors who can then choose to either hold on to the token and eventually redeem it for that percentage of revenue, or sell the token on. This participation token acts a bit like a gift-card or IOU that grants the owner the right to a certain amount of value at a given company.
When the time comes for that revenue percentage to be paid out, they are dispersed in the form of a second payout token which can be redeemed for fiat or cryptocurrency, or, again, sold on an exchange. This gives both companies and investors significantly more flexibility than a traditional equity/dividends system.
By purchasing a revenue-participation token from a stable and reliable industry, say an agribusiness for example (cattle, soybeans, corn, etc), you can be relatively confident in a predictable return on your investment. While it may not be a gold mine in terms of dividends, it is an un-speculative and safe investment that can act as a hedge against inflation or negative interest rates, with multiple options to exit, all while supporting meaningful companies.
#BTC still on the consolidation and formed a new hourly support area. Price also made a triangle pattern, which could give a breakout either side. Both sides looks good enough to go, so eyes on it
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🔥 As per the #Tomwifhat official announcement, something HUGE is cooking behind the scenes for $TWIF! #MEXC listing rescheduled for this monumental reason: https://x.com/tomwifcoin/status/1793344918695596321?s=46
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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.
The Net Unrealized Profit/Loss (NUPL) metric compares BTC and ETH performance by showing investor profitability relative to the average on-chain cost basis.
A NUPL >0.5 indicates that unrealized profits exceed 50% of the asset's market cap, marking new ATHs and the euphoria phase.
During the market rally from spot Bitcoin ETF approvals, BTC's NUPL crossed 0.5 and entered euphoria three months before ETH's, as BTC holders' profits grew faster.
#BTC gave a break to the downside a bit aggressively, and nearly reached the support zone. Price already showing some sort of buy pressure and rejecting too. Well, no bias as of now, as price is middle of the market, so wait for the price to reach a zone.
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Here's the Analysis of #FET :
#FEt gave a breakout of the resistance area and looks like a fakeout now. Price Actions Looks very messy from the past few weeks. Price also moving within the small uptrend channel pattern, so a breakout is needed and hodling above it. A flip above will open a new room for next resistance around $3.00.
#TOTAL2 MARKET CAP UPDATE :
#TOTAL2 gave a breakout and made a very strong up move with a retest. We already saw some good strong moves in alts and now, index reached the resistance area working huge. Currently, its consolidating and a breakout will lead in strong bullish moves, towards the next key resistance around $1.35T mark.
Here's the Analysis of #MANTA :
With this reference, #MANTA gave the strong breakout after invalidating the pattern or fakeout. Now, market looks ready to make a move up and currently price is retesting back to support. Take it with lower lots as its always a risky level.
#BTC.D UPDATE :
#BTC.D drops continue and given a close below of the support area. Now, market looks in mood to make the alts fly. The only condition will be #Bitcoin needs to sustain above nearly at the same level or $70,000.