#ARKM goes expected, buys didn't played out well, and sells gave a good setup with the daily candle closure and retest of it. Made a drop around 10.7% in favor, hope so you take the advantage of it.

What Is Gas?

Gas on the Ethereum network is the compensation given for utilizing the platform's computational power. This fee is essential for activities such as launching decentralized applications (DApps) and basic transactions like sending ETH. Users pay this fee in Ether (ETH), the native currency of the Ethereum platform.

Gas is measured in small units known as gwei, with one gwei equal to 0.000000001 ETH. The amount of ETH paid in a transaction depends on the resources needed for the transaction and the blockchain's congestion level.

The introduction of transaction processing costs on the blockchain simplifies resource computation for executing transactions. It also distinguishes between computational expenses and the digital currency itself. Charging fees for each transaction acts as a deterrent against spamming and enhances network security.

Users can estimate their gas costs using platforms like ETH Gas Station. However, lower-priced transactions may take longer to process, as miners prioritize transactions with higher fees, which are more lucrative for them.

To illustrate, consider moving funds between traditional bank accounts. In the Ethereum network, the total ETH involved in a transaction is equivalent to the amount being moved, and the gas fee is akin to the transaction fee in traditional banking.

It's crucial to note that gas on the Ethereum network differs from GAS on the NEO blockchain. While on NEO, GAS is a standalone currency, on Ethereum, it represents the cost of running transactions.

#ETH strongly reacted from the strong support area and again reached the other end of the zone (Resistance Area of $2,400. Price already reacted from the zone and selling-off, and again have a reach till other end at Strong Support Area of $2,140 - $2,160. Hopefully, we'll see some sort of movement after the New Year 1st Week.

#BITCOIN DAILY TF UPDATE :

#BITCOIN made a breakout of the small consolidation on H4 TF, and made a clean drop till Support area, where it made a strong rejection through it. Price still in a large consolidation range, which needs to see a breakout. Moreover, this range is might due to strong fundamental news coming very soon with the mid-Jan, so have an eye on it, as it will lead to strong/ aggressive move either sides

#IOTX tried to jump and pushed around 7.5% in favor, but returned back to the area, stopping out at breakeven. Now, have to wait for the Daily Candles to show some support for buys, else if price break below the zone, then we go with the shorting setups with a retest.

Despite Bitcoin's remarkable price performance, a significant portion of BTC remains inactive, qualifying as Long-Term Holder status in the wallets of investors. Out of the total circulating supply of 19.574 million BTC, more than 14.900 million (76.1%) are stored off exchanges and have not undergone any transactions in over 155 days, marking an increase of 825,000 BTC year-to-date. Consequently, the Short-Term Holder Supply is currently at an all-time low of 2.317 million BTC.

What Is GameFi?

GameFi, a portmanteau of gaming and decentralized finance (DeFi), is also known as play-to-earn (P2E) games. This innovative concept converges blockchain technology, gaming, and various decentralized financial elements, including non-fungible tokens (NFTs), yield farming, borrowing and lending, and algorithmic stablecoins. The term "GameFi" was coined by Andre Cronje, the DeFi pioneer, in a tweet on September 10th, 2020.

Unlike traditional games where in-game assets hold no value outside the game's realm, GameFi transforms this dynamic through blockchain, cryptocurrencies, and DeFi products. In GameFi, players truly own their in-game items, eliminating the control of developers and mitigating issues such as game hacking.

Blockchain-based games in the GameFi ecosystem typically come with an in-game currency, a marketplace, and a token economy governed by the community. This player-centric model not only eradicates the need for central authorities but also leverages blockchain technology for feeless transactions.

GameFi introduces a new use case for cryptocurrencies by allowing players to earn income while playing. The absence of centralized control enhances its popularity, and the blockchain's feeless transactions facilitate seamless buying, selling, and trading of digital assets.

In the GameFi universe, in-game currencies can be exchanged for other cryptocurrencies and fiat money. Players can invest in in-game NFTs, trade or sell them in open marketplaces, and earn returns. For example, players can buy and sell in-game assets or rent out high-level items to earn additional income.

GameFi has revolutionized ownership of in-game assets, introducing layers to token-based economies and providing opportunities for significant returns through various DeFi products. With a remarkable 121% growth in active players from June to July 2021, reaching 800,000 players, GameFi stands out as one of the fastest-growing sectors in the blockchain ecosystem.

Here's the Analysis of #DOT :

#DOT made some good Higher Highs and Higher Lows moving above the major resistance zone of $6.80 - $6.71. Price also forming the a Falling Wedge Pattern and might reached out the strong support area of $7.52 - $7.68 for buys. In case of breakout over the level, we can gave the buys expecting the to print a new Higher High.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, last week unable to close above the resistance area, and this weekly candle also struggling to do it so. Well, candle is turning bearish at this point, which could form a new and strong resistance. Price might drive lower for liquidity grab below $40,000. Alternatively, we need the next weekly candle to flip above the area.

#DOT gave a breakout of the small falling wedge pattern and broke the minor resistance too. Now, we can anticipate the price to push towards the previous swing high around $9,2 - $9.5 and use tight stops.

As the market rallies, a super-majority of investor coins have returned to being 'in-profit', whether due to changing hands, or by prices rallying above the cost basis. The chart below shows how the total volume of coins held 'in-loss' has declined to around 1.9M #BTC, with most held by Long-Term Holders who bought near the 2021 highs.

Here's the Analysis of #TLM :

#TLM is been bouncing off the Structural Support Area of $0.0182 - $0.0184 and rejected hard from the Strong Resistance area of $0.0205 - $0.0208. Well, Market Structure kinda turning Bearish to Bullish, and might gonna expect some buy setups after the Daily Closure.

#BTC gave a bearish weekly closing and but still above the major support area. Price failed to break the resistance and formed new resistance zone. Well, On Daily TF, price hovering over the major support area and inside the triangle pattern too. It's a Near Year Time, so market is kinda ranging now and expected this to happen till the mid week.

#KEY made a slow push to the upside and made a clean push to the 1st Target of $0.0066. Price made a high of $0.0068 which is 15.6% in profits. I hope you booked the profits and you can hodl the rest till next TP mentioned.

#BTC.D slides below the zone, which made a good rally in few mid-cap altcoins. Well, Index is now going to test it as the Resistance now, which could be the potential indication that, Money will start flowing in alts once again. The only condition is #BTC need to stay stable or move within the ranges.

The flip side is that Supply held 'in-profit' is now over 90% of the circulating supply, with the October rally being the event making it above the all-time-mean. Given 2023 started out with over 50% of supply being underwater, this is one of the fastest recoveries in history (second to the rally in 2019).