Here's the Analysis of #ENA :
#ENA nearly to its listing price and forming channel pattern, which is a bearish continuation. The breakout might push the price lower towards it very initial listing. So eyes on breakout and try to risk lower.
The market conditions seen in Q2-Q3 2021, a much more significant Short-Term Holders experienced a much more significant duration of 70 consecutive days in acute financial stress. That period of time was severe enough to break investor sentiment, and gave way to the destructive 2022 bear market. By comparison, this cycle has been relatively forging for the time being.
Читать полностью…#BTC made an another drop, and reaching the market structure point. That's the last resort for On Daily TF. a Successful break and close below will lead the bearishness in market.
Читать полностью…Short-Term Holder supply grew significantly from January 2024, coinciding with spot ETF launch and price surge. Recent months show plateaued demand growth, indicating Q2-2024 supply-demand equilibrium. Now, a supply surplus exists as Long-Term Holders hold positions and new buyers decrease.
Читать полностью…#BTC dropped inside the support zone finally and kinda reacting now. H4 Market Structure is kinda Bearish now, and can potentially move to the upside though. Anyway daily candle must sustain above the zone.
Читать полностью…Price performance relative to each cycle low, the 2023-24 market has behaved eerily similar to the last two cycles (2018-21 and 2015-17). The reason for Bitcoin following such a similar path is a regular topic of debate, but it continues to provide a valuable framework for analysts to think about cycle structure and duration.
Читать полностью…#BTC just moving with a consolidation and now dipping due to #Mt Gox moving #Bitcoins for repayment. There will be stability in coming days or a dip in the market due to this. Price now expected to retest towards the $66,000 level and anticipate the up-move.
Читать полностью…Here's the Analysis of #NOT :
#NOT broke off the falling wedge pattern and bounced off from the support zone of $0.0086 - $0.0096. Currently, price is going through the consolidation range, and need to see a breakout before going into any sort of buys or sells.
Notably, the STH Sell-Side Risk has contracted to historic lows, with only 274 out of 5083 trading days (5%) recording a lower value. This suggests that a degree of equilibrium has been established during this price consolidation, and alludes to heightened volatility expectations in the near future.
Читать полностью…#BTC maintained the bullishness and gave a weekly closing above the $65,000 even sustaining over it. Price already gave the retest and expected to potentially move tot he upside and the next are would be the $69,700 to be broken.
Читать полностью…Here's the Analysis of #DEXE :
#DEXE is moving up within the channel pattern, and forming the Head & Shoulder Pattern, which is a reversal pattern. Still, it below the major resistance area so its risky at the point. It good to wait for the break and close of the resistance area.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, continues to push above and trying to close above too. With that, price gave a closing above of the $66,300 level, which is very good for the market. Next week might come with a retracement.
What Is a SHO (Strong Holder Offering)?
A strong holder offering (SHO) is a fundraising mechanism where eligible investors are chosen based on their on-chain activities and other proprietary data sets. Notably, a Strong Holder Offering enables a project to attract funding from individuals who are holders of a given cryptocurrency. An SHO model targets public investments and is a product of DAO Maker, which heavily uses it to help launch new projects in the crypto space.
An SHO can be open to people who have held a competitor coin for six months or to active liquidity providers on a decentralized exchange (DEX). In addition, an SHO may focus on individuals with a transactional volume of more than $5 million in the last month.
The framework generally benefits not only a crypto project but also investors who have “strong hands,” or those who can hold on to a coin for extended periods of time. DAO Maker incentivizes investors with strong hands by choosing them as participants of an SHO while also offering them protection.
However, the crowdfunding model also allows participants to seek refunds should they want to withdraw support since DAO Maker’s update on the offering. SHO has already been renamed to refundable Strong Holder Offering (rSHO). Note that the right to a refund expires if the value of the token issued by a project during the initial Strong Holder Offering increases and holds at 400% for 120 days.
Furthermore, DAO Maker subjects a project to a series of tests before opening the door to an SHO. In doing so, only a few startups can offer the service in 12 months, which means that only projects that can stick to their roadmap would dare to apply, consequently discouraging scammers and low-quality startups.
#EDU perfectly moved into the resistance zone from the support and now rejecting it. Call gave a 16.5% in profits and now price stuck in a consolidation range. Just book the profits and hodl the trade and scale-in after the breakout.
Читать полностью…Here's the Analysis of #ALGO :
#ALGO is been moving with in the large channel pattern and hit the major resistance area of $0.157 - $0.160. Price is still not looking good as its still inside pattern and below resistance. Need to wait for the price flip over the zone and take the buys.
What Is a Sidechain?
A sidechain is linked to the main blockchain, known as the mainnet or parent chain, using a two-way peg.
Sidechains were created to solve the critical issue of speed faced by the crypto world. Instead of having all processes on the main blockchain, a sidechain is used to simplify calculations while offering the same security as the main blockchain.
Sidechains can interact in different ways. However, at the core is the ability to exchange assets between chains with the help of a two-way peg. This peg comprises lockboxes on both chains. To understand how a lockbox works, imagine you are moving 1 BTC from the main network to a sidechain. First, you send the BTC to a lockbox address. Any BTC sent here is taken out of the total supply temporarily. Information regarding the sidechain address where you will send the BTC is included during the transaction. Once the transaction is complete, the sidechain lockbox will release 1 BTC and send it to an address on the main network.
How Do Sidechains Work?
The main chain user first needs to send coins or other digital assets to an output address where they are locked and unspendable anywhere else. After the transaction is complete, a confirmation is relayed across the chains. This is followed by a waiting period for added security. Afterward, the coins or assets will be fully transferred on the sidechain, enabling users to move them around freely on the new network.
Sidechains come in many variations depending on the functions they are built for. While both Liquid and Rootstock are Bitcoin sidechains, they function very differently since the latter is specifically created for the purpose of running smart contracts more efficiently.
Examples of Sidechains
Liquid Network
An example of a sidechain is the Liquid Network, a protocol built on top of the Bitcoin network. The block discovery period on this sidechain is just one minute, which is ten times faster than the main Bitcoin network.
Polygon
Polygon is an Ethereum sidechain designed to bring scaling solutions to public blockchains. It provides scalability while ensuring users have a better experience without compromising security. While it currently supports Ethereum, there are plans to support other blockchains to ensure blockchain interoperability and scalability.
#ALGO failed to break the resistance and dropped hard, which broke the channel pattern. No point for buys here, it good for price to reach the support area.
Читать полностью…Here's the Analysis of #MANTA :
#MANTA just going lower low nothing on the left moving above the listing price. Price potentially forming a Head & Shoulder Pattern, which might move the price up. Currently, price sitting on the same level and with a supporting trendline confluence. Risky buys here, can take smaller position and wait for the flip of the resistance.
#SEI looks like its trying to break of the channel pattern and still holding the bullish market structure. Not a good reason for going into shorts, the final support is at $0.34, which is also a flip area.
Читать полностью…Here's the Analysis of #TRU :
#TRU is been rejected off from the major resistance area and hodling the trendline though. Price action is very messy at the point, nothing clear all. Take a look in other alts and in the meantime alert on range High and lows.
#GOLD UPDATE :
#GOLD made its All-Time High and Dropped hard too. Currently, price gave a break below of the support zone with a closure and expected to move a lower (a tiny bit). The major support zone is at $2360 which will be a good opportunity for buys.
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What Is a Side Channel Attack?
A side channel attack is a hacking method that exploits a computer’s inherent “tells" that unintentionally convey information. These attacks take advantage of the seemingly harmless physical outputs of computers. For instance, an algorithm may be able to tell what kind of information has passed through a hard drive by measuring the sound of the hardware at work. The principle is similar to a bank robber listening to ticks in a safe as they turn a coded dial. However, these “ticks” don’t need to be based on sound.
Every computer is vulnerable to giving up clues in its operations. They give off sounds, light signatures and other telling signs that can all be used to communicate what is happening. In the world of cryptocurrency, these kinds of attacks could be used to discern when a private key is being put into a hardware wallet as it could radiate a higher signal.
Side channel attacks use information like timing, sound, power levels and more to begin breaking down the information and deducing key variables. The attacks can be used by hackers to glean almost any type of information if it is not sufficiently protected. This can be devastating to even the most encrypted networks that don’t account for what happens beyond the electronic ones and zeros that execute operations.
#US30 UPDATE :
#US30 failed to give a retest but continued to print a new All-Time High. Indice is now on its a retesting the support and expected to move up. It might go little lower and can take the opportunity LTF.
#DXY UPDATE :
#DXY still making the Bearish Market Structure but gave a break below too. It might be a fakeout and next week will turn to be a bearish, but structure is bearish, so with Monday Market Open, track the movement and play with direction.
#ETH UPDATE :
#ETH broke out of the consolidation and moved up with the retest of it. Price retesting the major resistance now and $3530. Eyes on the Daily Candle closure as it will decide on the rejection or a breakout and lead the direction.
We can also assess market volatility by measuring the percent range between the highest and lowest price ticks over the last 60-days. By this metric, volatility continues to compress to levels rarely seen, but usually after lengthy consolidations, and prior to large market moves.
Читать полностью…#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, goes opposite of the prediction and now trending higher high. Price already broke the $65,000 level and hodling too. Minor retracement can come in between but looks like we're ready for a up-move now with a small manipulation.
What Is a Shielded Address?
With the recent trends in cryptocurrencies and blockchain technology, there is more interest than ever in methods of performing secure transactions. This interest has led to an increased demand for alternative methods of making financial transactions that are both secure and anonymous. One such alternative method is known as a shielded transaction that uses a shielded address to make payments.
A shielded transaction is a type of transaction that utilizes a cryptographic technique known as "mixing" in order to anonymize the sender's address and the receiver's address. It works by creating a new address specifically for the transaction and then sending the funds from the original sender address to this newly generated address while at the same time sending equivalent funds from another newly generated address back to the receiver's original address. These two new addresses are generated by a mixer service that operates outside of the blockchain and are only used once for each transaction. This makes it impossible to determine where exactly a particular transaction originated or ended up, thus providing anonymity for both senders and receivers. Since only these two unique addresses are used, no one can tell who owns them or where their funds came from or went to.
Zcash - The Best Implementation of Shielded Transactions
Zcash is the first cryptocurrency to implement zero-knowledge proofs and the first "miner-friendly" proof of work coin with no founders’ reward.
Zcash transactions are published on a public blockchain, but the sender, recipient, and amount of the transaction remain private. This is accomplished by using a zero-knowledge proof construction called zk-SNARK.
Benefits of Shielded Transaction
The shielded transaction is a way to have greater fungibility in the blockchain by allowing its users to send funds without revealing their transacting partners, amounts sent, or even the transaction history. This is done by creating a new address for each transaction which can only be spent using the recipient's private key.
The reason for this is twofold:
1.) For some use cases, such as international payments, or purchases where you want to obscure your spending habits from others, it is beneficial to not tie your transactions together on the blockchain.
2.) Because Zcash transactions are not fully transparent, the amount of data that can be gathered from the blockchain is limited. This will make it more difficult for outside observers to determine how much total money is being put into specific use cases, like gambling sites.