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Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC forming a small wedge pattern and now on a resistance area. LTF flip can drive the price up in short-term and towards the strong resistance too.
#BTC failed to close above the resistance and dropped back to the previous low made. Price again now building up for an drop to major support zone and a reversal from there.
Trading Crypto Guide ™
#TOTAL MARKET CAP : #TOTAL Marketcap had a good retracement back to the strong support zone as looking good so far. The only thing is Index need to hodl the support zone or had a fakeout of this, as this will lea in strong confluence to a upcoming upmove.
The 'Hot Supply' metric, representing coins aged one week or less, has declined to a low liquidity zone, now accounting for just 4.7% of total Bitcoin network wealth. This indicates a significant constriction in readily available trading supply, as most coins are now older than one week. The trend suggests reduced market liquidity and potentially less responsiveness to short-term price fluctuations, implying that most Bitcoin holders are currently in a holding pattern. This supply-side contraction, combined with earlier demand-side insights, points to a tightening market with potential implications for price volatility and trading volumes.
Trading Crypto Guide ™
What Is Succinct Proofs of Random Access (SPoRA)? Succinct Proofs of Random Access (SPoRA) is a consensus mechanism used to confirm transactions and validate blocks on the Arweave decentralized network. Instead of relying on energy-intensive computational…
What Are Some of the Key Benefits SPoRA Provides?
There are several crucial benefits that SPoRA delivers:
Energy Efficiency: SPoRA eliminates the massive electricity waste that comes with Proof-of-work networks like Bitcoin. This is critical for sustainability.
Decentralization: SPoRA discourages miners from pooling resources and encourages them to independently store data. This promotes decentralization.
Security: With more decentralized miners each storing data, the risk of centralization and single points of failure is greatly reduced.
Speed: Reading a small chunk of data is much faster than having to solve cryptographic puzzles. This makes the network swift and responsive.
How Is SPoRA Different From Proof of Work?
Proof of Work is the consensus mechanism used in Bitcoin and many other first-generation blockchains. It requires miners to spend massive amounts of computational energy to repetitively guess solutions to cryptographic puzzles in order to add new blocks.
SPoRA differs drastically in that it does not require any repetitive puzzle-solving. Instead, miners simply have to prove they can read historical data from their own stored version of the Arweave blockchain. This makes SPoRA much more efficient, fast and eco-friendly compared to Proof of Work.
What Is the Role of SPoRA in the Arweave Blockchain?
SPoRA plays an absolutely essential role in the functioning of the Arweave blockchain. It allows the network to validate blocks and verify transactions in a reliable and efficient way without consuming enormous amounts of energy or computational resources.
By facilitating frictionless consensus through simple data reads, SPoRA enables Arweave to scale sustainably as a global data storage protocol. Without SPoRA, Arweave would be unable to fulfill its mission of becoming an eternal and decentralized data archive for the world's information.
Why Is Random Data Access Important?
The random nature of the historical data access required by SPoRA provides significant advantages for security, speed, and efficiency on the Arweave network.
Since miners are forced to access random parts of old data, the network can quickly retrieve specific chunks of information without reading the entire blockchain every time. This massively improves transaction speeds.
Random data access also enhances security by decentralizing data across more miners on the network. No single node can gain control over the bulk of information. This prevents centralization.
How Does SPoRA Aid With Data Retrieval?
The random data access mechanic of SPoRA enables extremely quick and efficient data retrieval from the Arweave network compared to traditional blockchains.
Users can directly access the specific pieces of data they want without having to scan through and retrieve the entire blockchain, which can be slow. Apps built on Arweave also benefit from the ability to rapidly access necessary data.
Overall, SPoRA significantly improves data retrieval speeds, efficiency, and cost - helping fulfill Arweave's vision of an ultra low-cost decentralized data storage protocol.
So in summary, SPoRA is the key innovation that allows the Arweave network to be sustainable, fast, and decentralized - making it well-positioned to become the permanent internet archive of the future.
There are several crucial benefits that SPoRA delivers:
Energy Efficiency: SPoRA eliminates the massive electricity waste that comes with Proof-of-work networks like Bitcoin. This is critical for sustainability.
Decentralization: SPoRA discourages miners from pooling resources and encourages them to independently store data. This promotes decentralization.
Security: With more decentralized miners each storing data, the risk of centralization and single points of failure is greatly reduced.
Speed: Reading a small chunk of data is much faster than having to solve cryptographic puzzles. This makes the network swift and responsive.
How Is SPoRA Different From Proof of Work?
Proof of Work is the consensus mechanism used in Bitcoin and many other first-generation blockchains. It requires miners to spend massive amounts of computational energy to repetitively guess solutions to cryptographic puzzles in order to add new blocks.
SPoRA differs drastically in that it does not require any repetitive puzzle-solving. Instead, miners simply have to prove they can read historical data from their own stored version of the Arweave blockchain. This makes SPoRA much more efficient, fast and eco-friendly compared to Proof of Work.
What Is the Role of SPoRA in the Arweave Blockchain?
SPoRA plays an absolutely essential role in the functioning of the Arweave blockchain. It allows the network to validate blocks and verify transactions in a reliable and efficient way without consuming enormous amounts of energy or computational resources.
By facilitating frictionless consensus through simple data reads, SPoRA enables Arweave to scale sustainably as a global data storage protocol. Without SPoRA, Arweave would be unable to fulfill its mission of becoming an eternal and decentralized data archive for the world's information.
Why Is Random Data Access Important?
The random nature of the historical data access required by SPoRA provides significant advantages for security, speed, and efficiency on the Arweave network.
Since miners are forced to access random parts of old data, the network can quickly retrieve specific chunks of information without reading the entire blockchain every time. This massively improves transaction speeds.
Random data access also enhances security by decentralizing data across more miners on the network. No single node can gain control over the bulk of information. This prevents centralization.
How Does SPoRA Aid With Data Retrieval?
The random data access mechanic of SPoRA enables extremely quick and efficient data retrieval from the Arweave network compared to traditional blockchains.
Users can directly access the specific pieces of data they want without having to scan through and retrieve the entire blockchain, which can be slow. Apps built on Arweave also benefit from the ability to rapidly access necessary data.
Overall, SPoRA significantly improves data retrieval speeds, efficiency, and cost - helping fulfill Arweave's vision of an ultra low-cost decentralized data storage protocol.
So in summary, SPoRA is the key innovation that allows the Arweave network to be sustainable, fast, and decentralized - making it well-positioned to become the permanent internet archive of the future.
Trading Crypto Guide ™
Choose a Coin For Analysis
here's the Analysis of #OP :
#OP stuck within a large range between the key zone of resistance around $1.97 - $2.00 and support at $1.15 - $1.21. price attempting to break the trendline and move lower back to support, so in the mean while you can have the shorting opportunities and longs from the support
#OP stuck within a large range between the key zone of resistance around $1.97 - $2.00 and support at $1.15 - $1.21. price attempting to break the trendline and move lower back to support, so in the mean while you can have the shorting opportunities and longs from the support
Trading Crypto Guide ™
#BTC failed to close above the resistance and dropped back to the previous low made. Price again now building up for an drop to major support zone and a reversal from there.
#BTC drop to the zone as expected and strongly got its reaction from there. Still market looks bearish and need to see a Daily closure above $62,000, and market was expected to do this week. So Next Week will have a better clarity of the market.
Trading Crypto Guide ™
Here's the Analysis of #WLD : #WLD dropping hard from Major Resistance zone of $2.06 - $2.11 and approaching towards the trendline expected a bounce too. Nothing much cleaner as support, need to see a rejection from $1.65 area.
#WLD nearly dropped into the trendline and getting some sort of buy pressure over there. In case of drop in price, we can have a mid-term buys towards the $1.80 and higher.
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Here's the Analysis of #PROS :
#PROS is been sky rocket from the major support zone of $0.25 - $0.27 and rejected from the strong resistance too at $0.65 - $0.67. Currently trying to hodl the price from a key flip area at $0.40 - 0.42. Price cloud drive higher from here, and accumulation looks good here till lower support with TP at high.
#PROS is been sky rocket from the major support zone of $0.25 - $0.27 and rejected from the strong resistance too at $0.65 - $0.67. Currently trying to hodl the price from a key flip area at $0.40 - 0.42. Price cloud drive higher from here, and accumulation looks good here till lower support with TP at high.
Trading Crypto Guide ™
#BITCOIN DAILY TF UPDATE : #BITCOIN on Daily TF, did attempted the move but retraced back to the support zone to the and retracted too. Expected the whole move up from here for next week.
Trading Crypto Guide ™
Here's the Analysis of APLINE : #ALPINE is been moving within a strong consolidation and forming a range between the major support zone and resistance zone of $1.03 - $1.09 and $1.46 - $1.52 respectively. All eyes on breakout and retest for buys.
#ALPINE had a very quick buy after the breakout and had a retest back to the support zone and made a quick 35% move in profit. I hope you took the advantage of the setup. More buys can in case of price dips below.
Stablecoins remain the preferred quote currency on both centralized and decentralized exchanges, making their growth a proxy for investor demand. The Aggregate Stablecoin Supply is nearing its all-time high at $160.4B, signaling a buildup of crypto-native, dollar-denominated capital. However, this capital isn't yet rotating into risk assets.
#GFT/USDT gaining momentum from the demand zone and looks ready for the bullish ride 🚀
Buy on MEXC: https://www.mexc.com/exchange/GFT_USDT
Buy on Binance: https://www.binance.com/en/trade/GFT_USDT
Short term targets: 10%-30%-50%
Buy on MEXC: https://www.mexc.com/exchange/GFT_USDT
Buy on Binance: https://www.binance.com/en/trade/GFT_USDT
Short term targets: 10%-30%-50%
#GFT/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: $0.0195 - 0.024 - 0.030 - 0.040
Stop if 1D closes below $0.015
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: $0.0195 - 0.024 - 0.030 - 0.040
Stop if 1D closes below $0.015
Buying #GFT here🚀
Chart indicating a strong bounce from weekly support
We can set target for atleast 20-40% from here in short term✍🏻
Chart indicating a strong bounce from weekly support
We can set target for atleast 20-40% from here in short term✍🏻