Price below STH cost basis prompts analysis of financial stress in different age groups. 1d-1w, 1w-1m, and 1m-3m coins show average unrealized losses, indicating unproductive consolidation. Only 3m-6m group maintains unrealized profit (avg. cost-basis $58k), marking a key price level aligned with the correction's low.

What Is Shelley Phase?

The Shelley phase of Cardano was launched in July 2020 with the release of the Shelley code. The next phase – Goguen – focuses on smart contracts.
The Shelley Phase of Cardano aims to transform the protocol into a fully decentralized blockchain. It will improve the security and scalability of the network by introducing proof-of-stake consensus, delegation, and incentives schemes. This will allow users to stake their ADA tokens and vote on transactions.

A key component of the Shelley Phase is delegation, whereby ADA holders can delegate their stake to other participants on the network who are already running nodes. Those who run nodes are called 'stake pool operators', and when they operate a stake pool, they receive rewards for processing transactions.

The release of Shelley marks the first time the platform was completely decentralized, with network participants being responsible for maintaining the network and reaping the rewards for their participation.

The launch of Shelley opened up several exciting opportunities for Cardano users, including:

Rewards - Staking your ADA on the Cardano blockchain will allow you to receive rewards in ADA. The more ADA you stake, the more rewards you could earn.

Transactions - Staking your ADA makes transactions cheaper and faster.

Pooling - Staking pools allow you to pool together with other users to increase your chances of earning rewards while reducing risks.

Monitoring - The Ouroboros Praos algorithm enables real-time reporting on block production and performance.

Delegation - If you wish to generate rewards without participating directly in staking, you can delegate your ADA to another user who will stake on your behalf.

Cardano’s roadmap consists of five eras: Byron, Shelley, Goguen, Basho, and Voltaire.

Byron (2017)

Byron is the foundation era of Cardano. It started with the mainnet’s launch in 2017. Byron was named after Lord George Gordon Byron, an English Romantic Poet. This phase also included a balance check and reward system for staking pools. It was completed in February 2018.
Shelley (2019)

Shelley focused on decentralization and automation. It will include a treasury system to fund future development and support incentives for stake pool operators. Shelley was expected to be completed in 2019 but released in 2020. The Shelley era was named after Percy Shelley, an English poet.

Goguen (2020)

Goguen focuses on smart contracts and metadata standards for these contracts. It helps developers create decentralized apps on the Cardano blockchain by developing a high-assurance smart contract language called Plutus. The Goguen era is named after Joseph Goguen, a computer scientist who worked on mathematical semantics for programming languages and developed algebraic computation models, including abstract state machines.

Here's the Analysis of #VET :

#VET trading from level to level between major support at $0.022 and major resistance area of $0.033 - $0.034. Price already rejecting the zone and have to wait for clear indication.

#BTC respected the market structure point and again backed up into the resistance area. Still, not able to break the level but need to break of the resistance area now. Its good to see price is trading above $65,000, so we can expected further push later on.

#TOTAL MARKETCAP UPDATE :

#TOTAL MARKETCAP pumped strongly and made a flip of resistance, and a close above will give the signs of bullishness. The next key area will be $2.56T where, cap can drive too.

we can use the widely used Mayer Multiple metric, which assesses the ratio between price and its 200DMA. The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.

Here's the Analysis of #AAVE :

#AAVE moving within a consoldiation and in a retracement phrase. Price can retracement up to $93 and expected to move towards the resistance area of $111.

#BTC didn't moved alot and just made a minor retracement and still maintaining the bullish market structure. Nothing much, Weekend is near we a massive move is expected today.

#ICP made a closing over the $8 and made a strong push with the market movement. Price made a high of $10.46, which is 23% in profits and its time to book some and hodl the rest.

Here's a shortened version:

URPD shows a large supply node between $60k and ATH, aligning with STH cost basis. 2.63M BTC (13.4% of supply) is in the $60k-$70k range. Small price changes can significantly affect coin profitability and portfolios. This suggests many investors may be sensitive to drops below $60k.

What is URPD (UTXO Realized Price Distribution) ?

#URPD stands for UTXO Realized Price Distribution, to analyze the distribution of Bitcoin's realized prices based on the age of the UTXOs (Unspent Transaction Outputs) or in other words #UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created (i.e. each bar shows the amount of existing bitcoins that last moved within that specified price bucket). The price specified on the x-axis refers to the lower bound of that bucket.

The UTXO Realized Price Distribution helps to understand the average cost basis of Bitcoin holders based on when they acquired their coins. It divides the UTXOs into different age groups, such as those acquired within the last 30 days, 90 days, 180 days, and so on, and calculates the average price at which those coins were last moved.

This metric provides insights into the behavior of long-term holders (HODLers) and short-term traders. It allows analysts to determine the levels at which different cohorts of Bitcoin holders may be willing to sell their coins, as well as the potential price levels at which they acquired their holdings.

By analyzing the URPD, one can gain a deeper understanding of the distribution of Bitcoin's realized prices across various time frames and identify potential price points where significant buying or selling pressure may emerge.

Here's the Analysis of #MATIC :

#MATIC is been, flipped below the support zone turning it into a resistance area of $0.52 - $0.53. Price broke the trendline, and can do a potential drop with a retest. For a good setup, wait for the Daily Candle Closure.

#BTC still with-in the structure just moved internally printed a lower low. A lot of liquidity resting lower so we might see some sort of liquidity garb lower before moving up.

#BETA still respecting the support zone of and dropped perfectly. Price rejecting both side, and now attempting to close below of the zone. A clean range is lower can move there, after the close below.

After months of range-bound prices, volatility has decreased across multiple timeframes. Our new tool detects periods of volatility contraction by analyzing 30-day changes in Realized Volatility across six time windows. A signal is triggered when all windows show negative change, indicating compressed volatility and potentially preceding increased market activity.

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.