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Contact for any queries @Steffendude
What is #PoB (Proof Of Burn) ?
Proof of Burn (#PoB) is a consensus mechanism used in #blockchain networks. It involves participants #permanently "#burning" or destroying a certain amount of their own #coins or tokens to demonstrate their #commitment to the network.
In the Proof of Burn process, #participants send their coins or tokens to an address or #wallet where they are rendered un-spendable and #irretrievable. By doing so, participants prove that they have incurred a #cost or sacrificed value, which serves as evidence of their #dedication to the network.
The concept behind Proof of #Burn is that by destroying coins, participants show their willingness to invest #resources into the network and its #security. This can be seen as a form of #mining, where the burned coins act as a proof of work or stake.
In some #blockchain systems, participants who successfully #demonstrate their commitment through Proof of Burn may be #rewarded with newly minted coins or tokens as an #incentive for their contribution to the network's consensus process.
Proof of Burn is often considered an alternative or supplementary #consensus mechanism to Proof of Work (PoW) or Proof of Stake (PoS), offering different security and economic dynamics to the blockchain network.
#BTC did what we are expecting it to do, Price came to an end of the rise, and broke below the channel pattern and dropped till drawn-up support area. Price is not hodling above the support area and kinda bouncing-off. Still, expecting some sort break-below of the zone after a retest of the resistance line.
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What is Proof of #Activity ?
Proof of Activity (#PoA) is a consensus algorithm designed to address the limitations of Proof of Work (PoW) and Proof of Stake (PoS) algorithms. PoA combines PoW and PoS mechanisms to create a hybrid consensus algorithm.
In #PoA, miners first compete to solve a cryptographic puzzle using #PoW. Once a miner solves the #puzzle, they create a new block and broadcast it to the network. Then, instead of simply adding the new #block to the blockchain, #PoS is used to select a validator. The validator is chosen based on their stake in the network, and their role is to verify the validity of the block.
If the validator determines that the block is valid, it is added to the blockchain, and the #miner who created the block is rewarded with the block #reward. If the validator determines that the block is invalid, it is #rejected, and the #miner who created the block is penalized.
#PoA is designed to be more secure and energy-efficient than PoW, while also being more #decentralized than PoS. However, it is still a relatively new consensus #algorithm and is not as widely used as PoW or PoS.
#TVK did a strong jump from the daily support zone and easily achieved the 1nd target. Price made a high of $0.0439, which is 15.2% in profits. I hope you secured some partials over there.
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#BTC exactly moves in the way we're anticipating, price exactly taps out the resistance area of $29,820 and rejected. Currently, its moving in a uptrend Channel pattern, which most likely to get on a end now. A break below will lead in a easy crash till support around $28,700 area.
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What Are Crypto Gaming Coins?
A gaming coin is a digital #currency or asset that’s typically created on a #blockchain network. They’re specifically designed for use within gaming #ecosystems. While game coins are informally referred to as "#coins," they are actually tokens because they are not native assets of the blockchains on which the games are built.
The use of #gaming coins in blockchain games #introduces the concept of player-owned economies, where players can manage, #trade, and transfer virtual #assets on peer-to-peer networks.
Gaming coins are usually #fungible, meaning one unit of a #gaming coin is interchangeable with another unit of the same value and can be divided into smaller #denominations.
Use Cases for Gaming Coins in Cryptocurrency
In-game currency —> Players can buy or earn gaming coins to use within the game for various purposes, such as purchasing virtual goods, accessing additional features, or transacting with other users.
Reward programs —> Gaming coins can be used as a form of player reward, where players can earn coins by reaching certain milestones, completing quests, or participating in events. These coins can help incentivize players to remain engaged and loyal to a game.
Decentralized ownership —> Gaming coins can enable decentralized ownership of virtual assets, where players have complete control over their in-game items, characters, or virtual real estate. This can give players greater autonomy over their virtual possessions, allowing them to manage assets without a central authority.
Community —> Gaming coins can be used for community engagement and governance purposes. In other words, players could use their coins to participate in decision-making processes, vote on game-related matters, or support community initiatives.
#MATIC took a bounce from the strong support zone of $0.943 - $0.951 and Failed to break below. Price didn't moves for a good scalp trade. Currently, expecting a strong rejection from the major resistance area of $1.02
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Here's the analysis of #BNB :
#BNB is been under a large mess between the strong resistance zone of $346 - $348 and Strong Support Zone of $316 - $317. Price is been floating inside the symmetrical triangle pattern, where it could still continues to play. After a breakout we still have zone, which might hodl price. Look for the short-term trade in hourly TF, after the breakout of $330 high
#TVK/BTC getting ready to go wild after the falling wedge breakout. Get in before it gets too late🚀🚀
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#TVK/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: 149-175-214-246 satoshi
Stop if 1D closes below 122 satoshi
#MVRV Momentum Oscillator Making positive momentum over the few weeks now. We can see that, over the past data, this positive momentum comes, with a min-term bull rally, or a potential reversal 🚀
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What is #PoA (Proof of Authority)?
Proof of Authority (#PoA) is a consensus algorithm used in blockchain technology to validate transactions and create new #blocks in the blockchain. #PoA is a type of consensus algorithm that is similar to Proof of Stake (#PoS), but it is based on a different set of principles.
In a PoA system, there are a select few #validators who are authorized to create new blocks and validate transactions on the blockchain. These validators are typically referred to as "#authorities," and they are usually pre-approved by the network administrator.
Unlike other #consensus algorithms such as Proof of Work (#PoW) or Proof of Stake (#PoS), where the validators are chosen based on the computational power or the amount of cryptocurrency they hold, in PoA, the validators are selected based on their reputation and trustworthiness within the network.
In a PoA system, each authority has a unique identity and a #reputation score that is used to determine their ability to validate transactions and create new blocks. The higher the reputation #score, the more likely the authority is to be selected to validate transactions and create new #blocks.
Since the number of #authorities in a PoA system is limited, the consensus process is much #faster and more efficient compared to #PoW or #PoS systems. Furthermore, the PoA consensus algorithm is less resource-intensive, as it does not require the use of significant #computational power or #energy to validate #transactions and create new blocks.
Here's the analysis of #ADA :
#ADA trending below the major resistance area of $0.416 - $0.413. Currently, price hovering over the strong support zone around $0.375 - $0.378. Right now, its kinda range formed and should wait for a breakout. Alternatively, for buys, wait for a market structure shift
This Graph tells alot of things but the main part is out of 4.25M #Bitcoin, only 365K (8.3%) is been spent till now and 3.9M #Bitcoins are still remain Dormant, which total of 20% of the circulating supply and that's huge 👀
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#BTC bounced from the support area and reached the strong resistance level of around $28,550 - $27,700. Price kinda rejecting this area and might correct the whole move down till lower support and potentially form a lower low.
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#BTC.D Update :
#BTC.D Index kinda creating another consolidation range below the major resistance area and the most probable reason why altcoins is not in any clear move. We need to watch for a breakout, either above the zone or below the range for potential setups in altcoins. At the same time, #BTC movement will also play the important role for the direction
Here's the analysis of #SOL :
#SOL Rejected hard from the major resistance level of $26.00 - $26.46 and is been inside a triangle formation, in which a breakout is still pending. A breakout will decide the next directional bias and potential setups too. So keep an eye on this.
#TVk in #BTC pair also did the same and hits out the 1st target. Price made a high of 151 Satoshi's which is 13.3% in profits. I hope you're enjoying our free calls. 🚀
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Scale-in in #APT going good and moved around 5.6% in our favor and 1st trade at 13%, So you can book your profits over here or move stops to breakeven. Price printed the lower low and expected to move lower.
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Here's the Analysis of #DOGE :
#DOGE is been in a consolidation range and building up an triangle formation. Currently, price lying over the strong support zone of $0.0776 - $0.-789. #DOGE looking hot for potential setup, but a breakout is pending. Wait for the resistance line to be broken but potential buys and short-sells only after the break and close below the strong support area.
During the recent price rally, exchanges experienced significant inflows that caused the Net Position Change to surpass 30,000 #BTC per Month in recent weeks. However, this metric has since slightly decreased to 22,300 #BTC per Month, indicating a smaller but continuous selling pressure in the market.
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#BTC took a retest after being flipped above the zone and bounce. Price attempted to print a new Higher High, but failed through. Overall, Expecting a push till resistance area at $29,820 - $29,890 or above $30,000 mark.
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#TVK heavily oversold on 1D and Hidden bullish divergence detected
Looks like bullish move is on the way for it✌🏻
#TVK/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: $0.0429-0.0517-0.0674-0.0845
Stop if 1D close below $0.0357
#DYDX is been trying to breakout of the downtrend resistance line and will need a strong breakout to confirm. Minor breakout can turn this into a fakeout and push lower. Looking for $2.62 area, if price start breaking it.
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#BTC was rejecting the level but now flipped above the zone after the #FOMC News Release. Currently, price is very bullish at the moment and moving towards the $29,670 and $29,800 resistance area. Let's see if it breaks the $30,000 mark again or not.
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Interest Rates Increased by 25 BPS, which was expected.
FOMC Press Conference in another 15 Minutes, Another Volatile move may come with this
#APT broke below the area after a full day for consolidation range. Currently, price is been retesting the zone, which can push the price down further. If you're still in trade, then this can be potential scale-in.
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High Volatility Today, Be careful with your trade or any open positions in Futures.
All Timings are in GMT
Here's the analysis of #DYDX :
#DYDX is been in a correction phrase and about to the strong support area of $2.33 - $2.38. There's a resistance line coming above, where might reject through. As of now, no setups forming. Better wait for a breakout of the resistance line for buys or short-sell after break below of the strong support.