Dear members,
6 hours left until the biggest signal we have ever done on MEXC!
- Our target will be 5000%-7000% gains today. We will be using the MEXC exchange.
- We will be using the USDT pairing to buy, make sure you have USDT in your account to buy the coin.
- Hundreds of hundreds of traders will be buying at once, make sure you buy early before outsiders do.
- If you plan to use your whole balance, you can buy using 75% of your balance initially at market price, use the remaining of your balance to place buy orders!
- When you buy the coin and it's time to sell, never sell on the buy supports! Instead sell slowly in parts as the price goes up.
- After buying, we highly suggest to place buy orders below the market price as the price moves up.
APE analysis:
After breaking through the resistance area, the price successfully retested it, creating an opportunity for new buy orders as APE bounced from the support area. We may see a continuation of the upward trend.
Support Area: $1.50-$1.54
Resistance Area: $1.75-$1.80
Educational Post
What is RSA (Rivest-Shamir-Adleman)?
An RSA (Rivest-Shamir-Adleman) key pair consists of a public key and a private key and is at the core of RSA encryption, a powerful cryptographic algorithm. This key pair can be instrumental in securing your digital communications and data.
The public key is used to encrypt data or, in the context of digital signatures, to verify a signature. The private key is kept confidential by the holder and used to decrypt the encrypted data or sign digital communications. It's important to note that data encrypted with the public key can only be decrypted with the corresponding private key.
Many users choose to trade on Binance using an API. To make sure you’re as secure as possible when using an API key to trade, it’s worth generating an RSA key pair to send API requests to Binance. This means you can register the public key of your RSA API key pair with Binance and use the corresponding private key to create signed API requests.
XRP is approaching the support area. Consider opening long positions near support with the same stop-loss level. Expect sideways/accumulation movement before the next move.
Support Area: $0.57-$0.60
Resistance Area: $0.68-$0.713
Next Resistance Area: $0.77-$0.78
Over 83.6% of the Bitcoin circulating supply are in profit, being the highest level since November 2021 (near the ATH). More than 16.366 million BTC are currently in profit.
Читать полностью…WLD has broken through the resistance area and is now in price discovery mode. The previously resistance area has now become support and we may see a retest of this area. The next resistance levels are around the $3.00 and $3.50 areas.
Читать полностью…ROSE analysis:
Price gives many fakeouts below the support to hunt stop loss. ROSE is now heading towards the major resistance area. Let's see how the price reacts on the major resistance areas.
Support Area: $0.065-$0.0675
Resistance Area: $0.079-$0.081
Educational Post
What Is Danksharding?
Derived from the name of Ethereum researcher Dankrad Feist, danksharding introduces a transformative approach to sharding technology. Sharding involves breaking down a blockchain database into smaller, more manageable parts for increased efficiency. Unlike conventional sharding methods, danksharding simplifies the architecture, focusing on a merged market fee concept.
In traditional sharding, each shard has distinct blocks and block proposers. Danksharding streamlines this by having a single block proposer, enhancing transaction processing and data storage efficiency. This innovation addresses the blockchain trilemma by prioritizing security, decentralization, and scalability.
Key Features of Danksharding
1. Merged market fee: Danksharding introduces a unified market fee, streamlining the transaction process by minimizing complexities associated with having multiple block proposers.
2. Optimized data availability: The primary focus of danksharding is to enhance data availability for rollups, a Layer 2 scaling solution on Ethereum. By efficiently managing data, Danksharding significantly improves the network's performance.
3. Simplified sharding architecture: Danksharding simplifies the sharding structure, making it more straightforward and efficient. This approach addresses the challenges posed by the traditional trilemma, fostering a better balance between security, decentralization, and scalability.
The market has absorbed the news well, resulting in Bitcoin testing the resistance area once again. Heavy selling is taking place in this area, and BTC is still trading within its range. It is advisable to maintain a tight stop loss in all trades, as there is a possibility of another negative news that could crash the market in the coming days. The support and resistance levels remain unchanged.
Читать полностью…CZ officially announced he resigned as CEO of Binance.
Read more here: https://twitter.com/cz_binance/status/1727063503125766367
The Bitcoin Hashrates continues the uptrend and print new all-time high. Miners are accumulating before BTC halving event.
Читать полностью…We had anticipated that MATIC would drop from the resistance area, which is why we advised you to book profits. The price has now tested the support area and has bounced back up. If this support level holds, we could see another move towards the resistance area.
Support Area: $0.747-$0.787
Next Resistance Area: $1.30-$1.35
Educational Post
What Is Phishing Attack?
Phishing is one of the most wide-spread and common cyber attack technique. It is a type of social engineering attack that involves psychological manipulation and relies on human failures. A phishing attack happens when a malicious actor poses as a reputable entity or business in order to deceive people and collect their sensitive data, such as credit card details, usernames, and passwords.
Most phishing attacks are performed through the use of fraudulent emails, specially designed to convince the user to enter a fraudulent website. Phishing emails are normally requesting the user to reset his password or to confirm his credit card information, leading to a fake website that looks very similar to the original one. The main types of phishing are clone phishing, spear phishing, and pharming.
How Does It Work?
You might receive an email asking you to enter a website page that is familiar to you. However, the website is fake and when you sign in, you are actually providing your credentials to the attacker. Other types of phishing may include fraudulent stories and requests or demands for money, such as the infamous "Nigerian Prince" email scam.
Phishing techniques are also being applied as a way to steal cryptocurrencies. For example, a cybercriminal may create a fraudulent copy of a website, changing the wallet address provided by the merchant to one of his own, fooling users into paying for a service that looks legitimate but is, in fact, a scam copy.
It is important to understand and recognize phishing scams so you don't become a victim. Some scams are quite sophisticated, and one naive click or careless keystroke could cost you a lot.
Bitcoin was pumped after taking the liquidity from the support area. Although the price is again rejected from the resistance area. The only concern here is the volume is dropping even in the pump. The support levels remain the same.
First Support Area: $34,700-$35,000
Second Support Area: $33,300-$33,600
Bitcoin has followed the expected pattern and decreased in value to reach the first support area, where liquidity has been obtained. We predict that the market will experience some sideways movement over the next 2-3 days. In case the first support is breached, we anticipate a shift towards the second support area. It is highly unlikely that the SEC will approve spot ETF this month, which could lead to a market crash.
First Support Area: $34,700-$35,000
Second Support Area: $33,300-$33,600
Resistance Area: $36,000-$37,000
Bitcoin (BTC) has managed to stay above the $38,000 mark, which is a positive sign. This could lead to favourable upward movement in altcoins, as traders have a positive sentiment towards them. The Fear and Greed Index is currently at 72, indicating that there is still room for further upward movement. We may see a rejection from the major resistance area.
Support Area: $34,700-$35,000
Major Resistance Area: $40,000-$42,000
SYS analysis:
Price faced heavy selling at the resistance area and was subsequently sold off. The price will likely test the support area, and you may consider a small long position there.
Support Area: $0.096-$0.102
Resistance Area: $0.13-$0.14
Bitcoin Dominance bounced from the support area. This is the reason altcoins are facing some selling pressure. We may see a move towards the resistance area and let's see how Bitcoin Dominance reacts there.
Local Support: 50.70-50.80%
Major Support: 47.80-49.00%
Resistance: 54.00-54.40%
ETH has faced heavy resistance and has been rejected multiple times. A rally may occur if the price breaks above resistance. Place buy orders in the support area and wait.
First Support Area: $1735-$1760
Second Support Area: $1840-$1864
Resistance Area: $2110-$2140
Accumulation rates can also be assessed using wallet size heuristics, where this chart considers all entities holding less than 100 BTC. These Shrimp (< 1BTC), Crabs (1 to 10BTC) and Fish (10 to 100BTC) capture a wide cross section of investors, from retail through to high net worth individuals.
In aggregate, their accumulation rates have exceeded new issuance since Feb 2022, being the longest and most sustained period in history.
Bitcoin is currently testing the resistance area repeatedly. There may be some movement on Monday when the global market opens. The support and resistance levels remain the same.
Читать полностью…The percentage of Bitcoin's (BTC) circulating supply that was last active on-chain at least a year ago has reached a record high of 70.35%, surpassing the previous peak of 69.35% in July, according to data tracked by blockchain analytics firm Glassnode.
Читать полностью…After experiencing an upward movement, XRP retraced back to the support area. The price was tested and then bounced back up from the support zone. If you missed your chance last time, you can consider opening a long position at the support area. It's recommended to set a tight stop loss below the $0.55 level.
Support Area: $0.57-$0.60
Resistance Area: $0.68-$0.713
Next Resistance Area: $0.77-$0.78
It appears that BCH is currently testing the support trendline of a triangle formation. In the event that the trendline is broken and there is a candle close below it, the price is expected to move towards the support area. Before a breakout, there may be a bounce from the current level towards the upper resistance trendline of the triangle.
Support Area: $165-$180
Local Resistance Area:$250-$260
Major Resistance Area: $300-$320
As predicted, ASTR has moved towards the support area and bounced back from there. The price is currently unable to break above the resistance area. If you have opened a long position, putting your stop loss at the breakeven point is recommended. The support and resistance levels remain unchanged.
Читать полностью…FIL analysis:
Price was rejected by resistance. The price may move toward local support before a possible bullish move. A candle closing above resistance is a bullish signal.
Local Support Area: $4.20-$4.35
Major Support Area: $2.95-$3.15
Resistance Area: $4.90-$5.15
Bitcoin is forming a small rising wedge pattern on lower time frames, which is typically bearish and usually breaks downward. Therefore, a test of the support area is expected.
Support Area: $34,700-$35,000
ADA continues the uptrend and now again trying to break the major resistance area. We have seen a rejection from this resistance zone.
Support Area: $0.341-$0.346
Next Resistance Area: $0.45-$0.46
Educational Post
What are Real-World Assets (RWA) in DeFi?
Real-world assets transformed into digital tokens and stored on a blockchain or other distributed ledger technology are tokenized real-world assets. These include real estate, art, commodities and even intellectual property. Greater liquidity, transparency and accessibility are made possible by this digitization of physical assets, and it is frequently thought of as a way to modernize and democratize conventional financial markets.
Enhanced liquidity is one of the most important benefits of tokenizing real-world assets. Unlike traditional markets with set trading hours, cryptocurrency exchanges allow for 24/7 trading of these tokens, giving traders more freedom. Moreover, investor confidence is increased by the transparency built into blockchain technology, which further lowers the possibility of fraud and ownership conflicts.
Additionally, tokenization lowers the costs associated with asset management, such as paperwork, intermediaries and legal fees, by removing many of the entry barriers prevalent in traditional financial markets. Investor fees may be reduced as a result of this cost reduction.
However, tokenized real-world assets do have drawbacks, including regulatory considerations that differ by jurisdiction. Any tokenization project must adhere to local laws and regulations. Due to the vulnerability of digital assets to fraud and hacking, security is another crucial issue. To preserve these assets, effective custody solutions and security measures are required.
Despite these difficulties, tokenized real-world assets are a promising financial industry innovation that provides more inclusive investing options. Tokenization adoption is still in its early stages, and it might take some time to become widely accepted in traditional finance. Nonetheless, technology can change how we deal with and invest in physical assets.
Educational Post:
What is Ethereum Cancun Upgrade?
The Ethereum Cancun upgrade, which is expected to happen in Q1 of 2024, will increase the scalability, security, and efficiency of the Ethereum. The Ethereum Cancun upgrade (also known as the “Cancun-Deneb” upgrade) is a concerted effort by Ethereum to bolster its infrastructure and address unresolved issues after the Shanghai upgrade.
The Cancun upgrade is based on five Ethereum Improvement Proposals (EIPs): EIP-4844, EIP-1153, EIP-4788, and EIP-6780. Together, the implementation of these EIPs will provide many benefits, including improved scalability, enhanced data storage and availability, and reduced transaction costs.
With a primary focus on optimizing the execution layer (Layer 1), the Cancun upgrade prepares the network for the future implementation of full data sharding, a vital component in Ethereum's long-term development strategy.
Sharding refers to splitting a blockchain database into smaller portions, called shards, for higher efficiency, and the Cancun upgrade introduces a specific type of sharding known as proto-danksharding (discussed below).
The goal of the Cancun upgrade is to increase the network’s transactions per second (TPS), aligning with Ethereum's roadmap's "Surge" phase, aiming to scale performance to 100,000+ TPS.
The Cancun upgrade – along with the subsequent Deneb upgrade – represents a significant milestone in Ethereum's journey towards establishing itself as a leading decentralized finance platform.