π―The top of the bull market could be reached in December 2024
A popular Twitter analyst believes that the top of the current cycle could be reached in December 2024 or October 2025 (or whenever π ) if the current cycle repeats the movement of the last three halving cycles.
π Crypto_Ocean
A popular Twitter analyst believes that the top of the current cycle could be reached in December 2024 or October 2025 (or whenever π ) if the current cycle repeats the movement of the last three halving cycles.
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π²$200 million is invested in crypto projects related to artificial intelligence by one of the most famous crypto funds Pantera Capital.
π Crypto_Ocean
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What is SocialFi and how does it work?
SocialFi, a combination of "social" and "finance," is a technology that merges social media with blockchain technology. It aims to reward users for posting valuable content online while giving them more control over their data and greater freedom of expression. One of its key features is the use of cryptocurrencies, enabling direct compensation for social engagement.
Successful SocialFi Platforms:
1. Friend.Tech: A blockchain-based platform rewarding users for engagement and content creation.
2. Farcaster: Integrates blockchain technology for transparency and fair compensation for content creators.
SocialFi represents a new era of social media, empowering users while addressing the shortcomings of traditional social media platforms.
π Crypto_Ocean
SocialFi, a combination of "social" and "finance," is a technology that merges social media with blockchain technology. It aims to reward users for posting valuable content online while giving them more control over their data and greater freedom of expression. One of its key features is the use of cryptocurrencies, enabling direct compensation for social engagement.
Successful SocialFi Platforms:
1. Friend.Tech: A blockchain-based platform rewarding users for engagement and content creation.
2. Farcaster: Integrates blockchain technology for transparency and fair compensation for content creators.
SocialFi represents a new era of social media, empowering users while addressing the shortcomings of traditional social media platforms.
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Crypto Speak: Leverage
In cryptocurrency trading, leverage serves as a double-edged sword, offering the potential for amplified profits while carrying heightened risks. This high-risk strategy involves borrowing funds to magnify the size of a trade, enabling traders to control larger positions in the market with a fraction of the capital required.
For example, if a trader leverages their trade at 50x, they are trading with 50 times their initial investment. If the market moves in their favor, even a modest price increase can lead to substantial gains. However, a price decline can quickly erode the entire investment, highlighting the volatile nature of leveraged trading.
Navigating crypto leverage demands a deep understanding of market dynamics and robust risk management strategies. While the allure of exponential profits is enticing, traders must tread cautiously and be mindful of the potential pitfalls that come with leveraging in the cryptocurrency space.
π Crypto_Ocean
In cryptocurrency trading, leverage serves as a double-edged sword, offering the potential for amplified profits while carrying heightened risks. This high-risk strategy involves borrowing funds to magnify the size of a trade, enabling traders to control larger positions in the market with a fraction of the capital required.
For example, if a trader leverages their trade at 50x, they are trading with 50 times their initial investment. If the market moves in their favor, even a modest price increase can lead to substantial gains. However, a price decline can quickly erode the entire investment, highlighting the volatile nature of leveraged trading.
Navigating crypto leverage demands a deep understanding of market dynamics and robust risk management strategies. While the allure of exponential profits is enticing, traders must tread cautiously and be mindful of the potential pitfalls that come with leveraging in the cryptocurrency space.
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β‘οΈ 3iQ has applied to launch the first Solana ETF in Canada
According to Bloomberg analyst James Seyffarth, more than $1 billion has been placed in various Solana-based funds today.
π Crypto_Ocean
According to Bloomberg analyst James Seyffarth, more than $1 billion has been placed in various Solana-based funds today.
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βοΈTelegram is a machine for cryptocurrency adoption
Crypto publication CoinDesk writes that Telegram and several independent developers have made great progress in attracting people to crypto, and the platform itself and TON have become a panacea for the crypto industry.
Analysts from CryptoQuant claim that Toncoin is currently one of the most popular blockchains, and the number of TON holders has increased 10 times this year.
Today it also became known that Binance added USDT support to the TON network.
π Crypto_Ocean
Crypto publication CoinDesk writes that Telegram and several independent developers have made great progress in attracting people to crypto, and the platform itself and TON have become a panacea for the crypto industry.
Analysts from CryptoQuant claim that Toncoin is currently one of the most popular blockchains, and the number of TON holders has increased 10 times this year.
Today it also became known that Binance added USDT support to the TON network.
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Crypto Speak: Merkle Roots
In the blockchain realm, ensuring transaction integrity and security is crucial. Enter Merkle rootsβa cryptographic hash that acts like a digital fingerprint for a set of data, such as a block of transactions. Named after Ralph Merkle, who patented the concept in 1979, Merkle roots enhance data integrity by dividing data into smaller chunks, hashing each one, and then pairing and hashing them repeatedly until only a single hash remains.
Think of it as a digital DNA sample. Any alteration in the block data changes the corresponding leaf hash, which then propagates up the tree, modifying the Merkle root. By comparing the expected Merkle root with the actual one, any data tampering can be swiftly detected.
Merkle roots are vital in various blockchain applications like Bitcoin, Ethereum, and ZK-SNARKs for verifying the integrity of blocks and transactions efficiently. For instance, in Bitcoin, the Merkle root in the block header links to the previous and next blocks, facilitating easy transaction validation and security.
In essence, Merkle roots are a powerful tool for maintaining data integrity and enabling efficient verification in blockchain systems, making them indispensable to the blockchain ecosystem.
π Crypto_Ocean
In the blockchain realm, ensuring transaction integrity and security is crucial. Enter Merkle rootsβa cryptographic hash that acts like a digital fingerprint for a set of data, such as a block of transactions. Named after Ralph Merkle, who patented the concept in 1979, Merkle roots enhance data integrity by dividing data into smaller chunks, hashing each one, and then pairing and hashing them repeatedly until only a single hash remains.
Think of it as a digital DNA sample. Any alteration in the block data changes the corresponding leaf hash, which then propagates up the tree, modifying the Merkle root. By comparing the expected Merkle root with the actual one, any data tampering can be swiftly detected.
Merkle roots are vital in various blockchain applications like Bitcoin, Ethereum, and ZK-SNARKs for verifying the integrity of blocks and transactions efficiently. For instance, in Bitcoin, the Merkle root in the block header links to the previous and next blocks, facilitating easy transaction validation and security.
In essence, Merkle roots are a powerful tool for maintaining data integrity and enabling efficient verification in blockchain systems, making them indispensable to the blockchain ecosystem.
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β’ Bitwise
β’ Fidelity
β’ VanEck
β’ Franklin
β’ 21Shares
β’ Grayscale
β’ BlackRock
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The Magic of Merkle Trees
Imagine a digital fingerprint that verifies the integrity of a massive dataset with just a single hash value. Enter Merkle trees, a revolutionary data structure that ensures the consistency and security of blockchain data. Named after Ralph Merkle, this hierarchical structure organizes data into a tree-like format, with each node containing a hash value. The root node, or Merkle root, represents the entire dataset, allowing for quick verification of data integrity.
Here's an example: in Bitcoin, Merkle trees are used to verify transactions within a block. By comparing the Merkle root of a block with the previous block's Merkle root, participants can quickly detect any tampering or alterations. This ensures the immutability and security of blockchain data, making Merkle trees an indispensable component of blockchain technology.
π Crypto_Ocean
Imagine a digital fingerprint that verifies the integrity of a massive dataset with just a single hash value. Enter Merkle trees, a revolutionary data structure that ensures the consistency and security of blockchain data. Named after Ralph Merkle, this hierarchical structure organizes data into a tree-like format, with each node containing a hash value. The root node, or Merkle root, represents the entire dataset, allowing for quick verification of data integrity.
Here's an example: in Bitcoin, Merkle trees are used to verify transactions within a block. By comparing the Merkle root of a block with the previous block's Merkle root, participants can quickly detect any tampering or alterations. This ensures the immutability and security of blockchain data, making Merkle trees an indispensable component of blockchain technology.
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FUN FACT: In 2014, #Dell accepted payment of 85 #Bitcoin worth $50,000 for a server order.
Today, that 85π₯ BTC is worth $5.4 million.
π Crypto_Ocean
Today, that 85
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Take a Look: Why TON Is Surging While the Crypto Market Slumps
Although the general crypto market is still down, there has been a tremendous upsurge in the Open Network (TON) native token.
β’TONβs transaction volume reaches $10 billion daily, highlighting its growing popularity and impressive growth.
β’TON token holders increase from 2.9 million to 32 million, showcasing exponential growth.
With a market cap of more than $2.45 billion,Ton is now ranked ninth out of all cryptocurrencies.
π Crypto_Ocean
Although the general crypto market is still down, there has been a tremendous upsurge in the Open Network (TON) native token.
β’TONβs transaction volume reaches $10 billion daily, highlighting its growing popularity and impressive growth.
β’TON token holders increase from 2.9 million to 32 million, showcasing exponential growth.
With a market cap of more than $2.45 billion,Ton is now ranked ninth out of all cryptocurrencies.
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Rise of Decentralized Science (DeSci)
Imagine a world where scientific research is open, inclusive, and accessible to all. Welcome to DeSci, a Web3 movement transforming the way science is done. By harnessing blockchain technology, DAOs, NFTs, smart contracts, and tokens, DeSci is creating a decentralized infrastructure for scientific research, publication, and funding.
The journey began in 2008 with the advent of blockchain technology. Early adopters recognized the potential of blockchainβs transparency, decentralization, and immutability for sharing scientific knowledge.
Today, numerous projects leverage smart contracts, decentralized storage, and programmable protocols to facilitate open access, data integrity, and incentivized peer review systems. DeSci is gaining momentum, pushing the boundaries of how we conduct and share research.
π Crypto_Ocean
Imagine a world where scientific research is open, inclusive, and accessible to all. Welcome to DeSci, a Web3 movement transforming the way science is done. By harnessing blockchain technology, DAOs, NFTs, smart contracts, and tokens, DeSci is creating a decentralized infrastructure for scientific research, publication, and funding.
The journey began in 2008 with the advent of blockchain technology. Early adopters recognized the potential of blockchainβs transparency, decentralization, and immutability for sharing scientific knowledge.
Today, numerous projects leverage smart contracts, decentralized storage, and programmable protocols to facilitate open access, data integrity, and incentivized peer review systems. DeSci is gaining momentum, pushing the boundaries of how we conduct and share research.
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πΈ According to IntoTheBlock, BTC miners have sold >30,000 BTC (about $2 billion) since June, the fastest in more than a year.
πΈ Perhaps the halving led to a decrease in profits, which triggered the sale.
πΈ QCP also reported that miners' BTC holdings have fallen to their lowest level in 14 years.
π Crypto_Ocean
πΈ Perhaps the halving led to a decrease in profits, which triggered the sale.
πΈ QCP also reported that miners' BTC holdings have fallen to their lowest level in 14 years.
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π Rating of decentralized exchanges by the number of monthly users
More than a million - only Raydium (Solana), Jupiter (Solana), Uniswap (multi-chain)
In honorable fifth place is STONβ€fi on the TON blockchain
π Crypto_Ocean
More than a million - only Raydium (Solana), Jupiter (Solana), Uniswap (multi-chain)
In honorable fifth place is STONβ€fi on the TON blockchain
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Understanding Trading Fees
When buying or selling cryptocurrencies on an exchange, a small fee is charged to facilitate the trade. This trading fee, usually a percentage of the trade value, is an essential revenue stream for exchanges.
Let's break it down with an example. Suppose you want to buy 1 Bitcoin (BTC) on an exchange with a 0.5% trading fee. If the current price of BTC is $10,000, you'll need to pay $10,000 for the BTC plus $50 for the fee (0.5% of $10,000), totaling $10,050.
Trading fees are crucial because they:
- Enable exchanges to operate and maintain their platforms
- Cover costs such as security, customer support, and infrastructure
- Encourage responsible trading practices
- Help prevent market manipulation and abuse
By understanding trading fees, you can make informed decisions and avoid unexpected costs. Remember, trading fees are a small price to pay for the convenience and security of trading on a reputable exchange!
π Crypto_Ocean
When buying or selling cryptocurrencies on an exchange, a small fee is charged to facilitate the trade. This trading fee, usually a percentage of the trade value, is an essential revenue stream for exchanges.
Let's break it down with an example. Suppose you want to buy 1 Bitcoin (BTC) on an exchange with a 0.5% trading fee. If the current price of BTC is $10,000, you'll need to pay $10,000 for the BTC plus $50 for the fee (0.5% of $10,000), totaling $10,050.
Trading fees are crucial because they:
- Enable exchanges to operate and maintain their platforms
- Cover costs such as security, customer support, and infrastructure
- Encourage responsible trading practices
- Help prevent market manipulation and abuse
By understanding trading fees, you can make informed decisions and avoid unexpected costs. Remember, trading fees are a small price to pay for the convenience and security of trading on a reputable exchange!
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π According to Kaiko, not all cryptocurrency exchanges have benefited from the launch of spot bitcoin ETFs
Only Bybit has made noticeable progress, growing its market share from 8% to 16%
π Crypto_Ocean
Only Bybit has made noticeable progress, growing its market share from 8% to 16%
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Memcoins are the most profitable sector so far in 2024: with the highest average return of 2405.1%.
π Crypto_Ocean
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