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#BTC slowed down a bit now, momentum goes a bit lower, and hovering below the resistance zone. Well, nothing much changes, price kept on driving for the wick fills and within the new discovered range. Enjoy the alts season ride and our free signals until any new break happens.
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What Is Moore's Law?
Moore's Law is an observation and prediction made by Gordon Moore, the co-founder of Intel Corporation, in 1965. It states that the number of transistors on a microchip doubles approximately every two years, leading to a doubling of computing power or performance within the same cost.
Originally, Moore's Law referred specifically to the semiconductor industry's ability to continually increase the number of transistors that could be placed on a single integrated circuit at a relatively constant cost. Over time, it has become a broader concept representing the rapid pace of technological advancement and innovation in the field of computing.
Moore's Law has been remarkably accurate for several decades, driving exponential growth in computing power, reducing the size and cost of electronic devices, and enabling the development of increasingly sophisticated technologies. However, as transistor sizes approach atomic scales and physical limitations are reached, some experts debate whether Moore's Law will continue to hold true in the long term. Nevertheless, the principles underlying Moore's Law continue to shape expectations and drive progress in the technology industry.
Importance of Moore's Law
Moore's Law is important to the crypto and blockchain industries for several reasons:
1. Scalability: Moore's Law, which describes the exponential increase in computing power over time, contributes to the scalability of blockchain networks. As hardware capabilities improve, blockchain networks can handle larger transaction volumes and process data more efficiently.
2. Innovation: The rapid pace of technological advancement driven by Moore's Law fuels innovation within the crypto and blockchain space. Developers can leverage increasingly powerful hardware to create more sophisticated blockchain applications, improve consensus mechanisms, and enhance security measures.
3. Cost Reduction: Moore's Law leads to the continual decrease in the cost of computing power. This cost reduction enables broader accessibility to blockchain technology by lowering the barrier to entry for individuals and organizations looking to participate in or build on blockchain networks.
4. Performance: As computing power increases, blockchain networks can achieve higher performance metrics such as transaction throughput, confirmation speed, and overall efficiency. This enhances the user experience and enables blockchain applications to compete more effectively with traditional centralized systems.
5. Decentralization: Moore's Law indirectly supports the decentralization of blockchain networks by enabling a wider distribution of computing resources. As computational power becomes more affordable and accessible, it becomes easier for individuals and entities to participate as network validators, thereby enhancing decentralization and network security.
Overall, Moore's Law plays a crucial role in driving the evolution and adoption of blockchain technology by providing the underlying computing power necessary for its continued growth and development.
#KSM started moving as planned and moved around 7% in favor. With respect to market move, price barely moved any. Once, #BTC stables down, money will start flowing into other coins too. Expected it to reach the resistance and a break too.
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Here's the Analysis of #BLUR :
#BLUR is been making some smooth Higher Highs and Higher Lows with forming a broadening formation. Price kept on hodling above the trendline and the support zone of $0.67 - $0.69. Right now, buys will not safe at this point, wait for the pullback to support zone and there's a added trendline too, which will push the price aggressively.
What Is a Money Flow Index (MFI)?
The Money Flow Index (MFI) is a momentum oscillator that measures the inflow and outflow of money into and out of a security over a specified period, typically 14 days. It is used to identify overbought or oversold conditions in a stock or asset.
The MFI combines both price and volume data to calculate a value between 0 and 100. A high MFI value indicates that a security is overbought, meaning there has been significant buying pressure and the price may be due for a correction. Conversely, a low MFI value suggests that a security is oversold, indicating a potential buying opportunity as selling pressure may have exhausted.
The calculation of the MFI involves several steps:
1. Calculate the typical price for each period, which is the average of the high, low, and closing prices.
2. Determine the money flow (MF) for each period, which is the typical price multiplied by the volume for that period.
3. Divide the sum of positive money flow (MF) over the specified period by the sum of negative money flow over the same period.
4. Add 1 to the ratio obtained in step 3.
5. Calculate the Money Flow Index (MFI) by dividing 100 by the result obtained in step 4.
Traders and analysts use the Money Flow Index to confirm trends, identify potential reversals, and generate trading signals. However, like any technical indicator, it is not foolproof and should be used in conjunction with other analysis techniques for best results.
#ACE made it way to break of the Resistance zone and given a candle close. We need to wait for the price to daily candle sustain above it then we can make a continuation buy setup from the zone to all the way till $12.70 and $13.80.
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X Account belonging to #Microstrategy has allegedly been compromised in a phishing scam, resulting in the theft of $440,000.
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#DEGO/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:5280 - 6500 - 8500 - 10200 satoshi
Stop if 1D closes below 3900 satoshi
What Is Moloch DAO?
Moloch DAO can refer to the DAO framework, a description of a DAO that uses the framework, or the name of the Ethereum grant-giving DAO that originally created the framework.
Moloch DAO Framework
In contrast to other early DAO frameworks, the Moloch DAO architecture is relatively simple, comprising a single smart contract per DAO, focusing on security, usability, and extensibility.
Its primary features are:
-> Permissioned membership - new members are voted in by existing members
-> Weighted voting - members can have varying governance weights (in contrast to multisigs, where every member has a single vote)
Non-transferrable governance power - voting and economic rights are not liquid
-> Ragequit - members can exit some or all of their membership shares in return for a proportional amount of the assets in the DAO’s treasury
Moloch DAOs take actions in the form of proposals. Once submitted, a proposal must be sponsored by a member of the DAO. Once sponsored, the voting period begins, during which members vote on the proposal according to their shares. A proposal is passed if it receives more share votes in favor than in opposition; there is no quorum requirement.
If the proposal passes, it must go through a grace period before it can be executed. During this period, members who did not vote in favor of the proposal may Ragequit. This offers strong protection for minority members even without a quorum requirement.
Proposals can grant shares to new members (or additional shares to existing members), transfer assets from the DAO treasury to recipients. While proposals cannot interact directly with other smart contracts, Moloch DAOs can do so with the help of special helper smart contracts called Moloch Minions.
-> Stemming from these core features, Moloch DAOs have a number of important properties:
-> Strong minority member protection
-> Security
-> Highly decentralized and distributed power
-> Support for efficient coordination
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN made a clean move to the upside, with the weekly candle close. Price made its way to the resistance zone, and currently, candle its kinda rejecting. Bearish candle close will lead n new resistance formation, so retracement might come. Alternatively, a next week candle closing above the zone will lead in further up move of the price.
#MDX/USDT Time to ride the wave to new heights! 🌊
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What Is Minting?
In the realm of cryptocurrency, minting represents a decentralized process allowing individuals to generate new tokens without the intervention of centralized authorities like governments or banks. This process can yield either non-fungible tokens or crypto coins.
Two Methods of Minting
Cryptocurrency minting can occur through two distinct methods, differing mainly in their procedures while achieving the common goal of creating new coins. One method involves mining, known as the proof-of-work approach, while the other entails staking, known as the proof-of-stake mechanism.
Proof-of-Work: Mining
Proof-of-work entails the mining of coins, which involves validating and storing transactions on a blockchain, a digital public ledger. Miners employ high-powered processors to solve complex mathematical problems, earning cryptocurrency as rewards for their efforts.
Proof-of-Stake: Staking
Proof-of-stake, generally regarded as a more favorable minting method, relies on staking existing cryptocurrency holdings. Users stake a significant amount of cryptocurrency to validate transactions and are chosen randomly to perform this task. The higher the stake, the greater the likelihood of selection.
Stakeholders cannot access the staked amount during the process and risk losing it if they violate rules or provide inaccurate data. Despite the associated risks, stakeholders are motivated by the potential for profit.
Comparison: Mining vs. Staking
Both proof-of-work and proof-of-stake methods result in the creation of new coins, although the term "minting" is commonly associated with staking to differentiate between the two methods. Both minting and mining involve adding new blocks to an existing blockchain.
Minting Non-Fungible Tokens
While mining and staking are used for minting cryptocurrency, minting non-fungible tokens (NFTs) follows a distinct process. NFTs are added to the Ethereum blockchain and serve as digital assets for creators to sell their media files or digital artworks.
To mint an NFT, users require an Ethereum cryptocurrency wallet, which they link to an NFT marketplace like OpenSea. They upload their desired file, pay the creation fee in ETH, and upon verification, a new NFT is minted.
Minting encompasses various methods for creating different types of tokens, with the prevalent usage referring to the creation of new cryptocurrency coins through the proof-of-stake mechanism.
If you missed quick gains in #FIDA
Don’t sleep on #MDX👀
#MDX/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: 155 - 185 - 210 - 250 satoshi
Stop if 1D closes below 120 satoshi
Here's the Analysis of #GRT :
#GRT is been moving smoothly with higher highs and lower lows. Price now, made a small a falling wedge over the small flip support level around $0.281 - $0.284. Daily TF, needs to hodl above the support to take the potential buys over it. Alternatively, in case price, breaks below the support then we can go with the shorting with the scalping call towards the next support $0.257.
The #Bitcoin network is receiving an average of $607m per day of new investor demand** while this is being met by $46m per day of new supply in the form of new coins being mined.
We are now 54 days away from seeing new supply being #halved. 🚀
#BTC made a strong jump with the breakout. Price cleared out the small liquidity to the bottom and failed to test the support. Eventually, price made a breakout of the all resistance and made High #YTD till $57,000. Let see where moves goes, expected to reach the resistance at $58,000 - $59,000.
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MicroStrategy has purchased an extra 3,000 #BTC for approximately $155 million, with an average price of $51,813 per Bitcoin. As of now #MicroStrategy now holds 193,000 #BTC, acquired for around $6.09 billion at an average price of $31,544 per Bitcoin.
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Within the Ethereum ecosystem, we can delineate three primary sectors: DeFi, GameFi, and Staking. While all three sectors have witnessed capital inflows since the onset of the year, the DeFi and GameFi sectors have predominantly experienced significant capital outflows throughout 2022 and 2023.
However, a notable shift has occurred in the GameFi sector this year, marked by substantial inflows commencing in October, coinciding with the activation of our Altcoin Indicator. In contrast, Staking tokens have maintained consistent positive capital inflows, albeit to a lesser extent in absolute terms.
#BTC still consolidating since a week but a new weekly candle closed giving new indications. Weekly candle closed bearish after the 4 consecutive Bullish ones and now made a rejected with the new resistance formed within inside the zone. Retracements are high probable now, lower Timeframe suggest a drop till $50,000.
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Here's the Analysis of #THETA :
#THETA Is been going for a liquidity raid towards the Major Resistance Zone of $1.47 - $1.50. Price is already moving heavily bullish, so not point for getting into shorts until it reached the Resistance. Buys are not clear too, but a retracement up to $1.25 or lower will be good area to look at.
Get in on #DEGO now before it takes off🚀
Defi alts gearing up for a big rally. Jump in now before the breakout😊
#DEGO/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: $2.71 - 3.25 - 4.35 - 5.55
Stop if 1D closes below $1.95
#KSM is been giving a break of the triangle pattern and flipping the resistance area too. There's a decent 8.6% range for the scalping. You can attempt some decent buys now, with proper stops below swing low.
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#XRP Analysis :
#XRP hovering around a Major Flip Level of $0.538 - $0.547 and price coming a long way from a downtrend. Price made a flip to bearish to bullish market structure and a Daily Candle closing above the zone will open the room for next resistance around $0.600. So, buys can be taken into account and sells will be risky at this point.
#MDX Don't miss the ride to the moon! 🌕
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Uniswap's latest upgrade has ignited a surge in #DEX altcoins🚀
So If you didn't catch #SUSHI or #UNI, now's your chance to hop on the rocketship with #MDX
#MDX Don't miss the ride to the moon! 🌕
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#MDX/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: $0.0799 - 0.098 - 0.115 - 0.150
Stop if 1D closes below $0.0638