#DXY UPDATE :

#DXY made a good retest back to the zone and still hovering over there itself. Price made few more test back to the zone and showing some sort of consolidation. Monday Market Open will more chances of #DXY pushing higher, which will tighten up the market a bit. Plan the alts trades accordingly, and a close below will be always good the crypto market.

What Is Replicated Security?

Replicated Security (RS) is a new technology that lets a Cosmos blockchain share its economic security with another using the Inter-Blockchain Communication protocol (IBC). Replicated Security recently launched on the Cosmos Hub, and has already attracted applications from Neutron and Stride, two projects looking to secure their respective blockchains using replicated security.

As opposed to the Ethereum ecosystem, where every application is a set of smart contracts on a shared blockchain, in Cosmos, every application can have its own dedicated appchain. This approach allows developers to tailor the blockchain to the needs of their applications. It can not only help improve performance and user experience but also makes appchains responsible for their own security.

As a result, launching applications as appchains can be difficult or costly. It requires attracting a set of validators with inflationary token rewards while ensuring that the value of the staked token remains sufficiently high to deter attacks.

Replicated security provides a solution to this challenge by enabling developers to leverage the Cosmos Hub’s established validator set and its staking token, $ATOM while retaining the ability to customize their blockchain.

How Does Replicated Security Work?

Cosmos blockchain is secured by Proof-of-Stake, a consensus mechanism in which computers, called validators, compete for the right to propose the next block of a blockchain (and earn the associated reward) by staking valuable native tokens. If a validator misbehaves, the blockchain can punish them by slashing a portion of their tokens.

Replicated security adds to this mechanism, but across multiple blockchains: the Provider Chain provides the validator set and staking token, and the Consumer Chain provides rewards and checks that validators are not misbehaving.

This requires communications between the Provider and Consumer chains, which are handled by sending messages over IBC. For example, the Provider chain regularly sends information about validators and their stake to the Consumer chains. If a validator misbehaves, the Consumer chain sends a message to the Provider chain to trigger the slashing of their tokens.

Here's the Analysis of #C98 :

#C98 is been falling off from the Strong Support Area around $0.26, where closing is still pending. Well, market is also unstable, to a drop is expected, but incase it gave a close above the a push is expected towards resistance area of $0.30 - $0.31 which is 15% trading range.

#BTC made a strong dump and moving very correctively now. Weekly Candle closed bearish with a close below support too. Expecting, a dip back to the support around $59,600 area. Currently, nothing much up-to the the market rather going for a correction.

#TOTAL2 MARKET CAP UPDATE :

#TOTAL2 didn't moved alot and kinda consolidated in a range, and in the meantime forming a triangle pattern. We already saw the impact of this, as market is not moving alot too, and few altcoins moved. Well, now eyes on breakout by which the next drive in altcoins gonna decide. As Index hodling the support, so a bullish break is expected.

Confirming our Euphoria zone status, we prepare for corrections. We identify the dominant market side during pullbacks using the Realized Loss breakdown metric. Short-term holders emerge as notably influential presently, meaning, Realized Loss breakdown metric (denominated in USD) to identify that short-term holders (recent buyers) are displaying a marked dominance at the moment.

Challenges and Limitations in Replicated Security?

There are challenges and limitations to the upgrade that will have to be tackled collectively by the Cosmos community.

The most notable challenge is that there is an economic limit to how many chains a validator could secure. If too many chains are onboarded, the cost of running a Cosmos Hub validator node becomes increasingly expensive, which would be harmful to smaller validators.

The other issue is that running a new node for each Consumer chain has increased operational cost, but there is little guarantee of returns because most consumer chains' revenue starts very low and increases with the adoption and use of the chain.

The concern then is that, in the short term, these challenges may undermine the financial security of node operators and the ability of RS to scale.

How Do We Solve These Issues?

For RS to successfully scale and become economically sustainable, it will need to meet the following conditions:

-> Successful Consumer chains,

-> Better revenue distribution, and

-> Reduced operational costs.

The limited number of chains that can initially be onboarded creates an incentive for the Hub to vet the projects that launch on RS carefully. To maximize its own expected value, the Hub should assemble a roster of the most promising applications and provide them with the support they need to be tremendously successful.

Once consumer chains start producing meaningful revenue streams, revenue distribution becomes the key to the scalability of RS. The better the distribution, the faster the validator set meets its expenses, and the sooner another chain can be onboarded.

Currently, the distribution of revenue is weighted by stake: validators receive tokens proportional to their share of the ATOM stake. Improving the distribution of the stake itself on the Hub would not only make RS more scalable, but it would also improve the decentralization of the network.

Finally, RS can also be monetized outside of the validators. ATOM 2.0 envisioned mechanisms to allow the Hub to accrue value from its economic zone of consumer chains. The proposal was eventually rejected, but some of the mechanisms it depicted may still be relevant to the Hub. Token swaps, for example, could be used to provide significant upside to the Hub while bootstrapping liquidity for the Consumer chains.

Here's the Analysis of #PENDLE :

#PENDLE just felled hard and broke below support area of $4.06 - 4.13, and testing the zone as resistance now. Well, price is middle of no where and anticipation of moving lower is high but Market conditions is also turning, so waiting for a daily closure would be good to take short.

#BTC made a jump from here and with the session and hits the $63,500 and now correcting. Price made a Equals High and you know price moves from liquidity pool to another pool. Also we, have a news event today, so expected some movement with NY open.

#BTC.D UPDATE :

#BTC.D made a short-term up move with the #BTC in short span of time and made a new Higher High. Alts should dip lower, but moves was adjusted. Now, Index is above support, so we can see consolidation or correction in alts again. Nothing looks good above the support, must break it.

#US30 UPDATE :

#US30 goes as the plan and LTF buys plays good as well. Now its again up over the resistance and hodling the price. Now a clean retest should be taken for buys continuation and in case, price misses the zone, then you can go with LTF market structure break.

Having identified Short-Term Holders at a loss as a key group, we'll utilize Glassnode's new Breakdown metric suite to analyze their cost basis.

The cost basis of the 1m-3m 🟠 and 3m-6m 🟡 cohorts among newer investors provides valuable insights into bull and bear market structures. Additionally, the cost basis of the 1w-1m 🔴 cohort has proven useful for identifying potential local bottoms (in bull markets) and local tops (in bear markets).

Here's the Analysis of #SUPER :

#SUPER playing of the strong support zone of $0.80 - $0.81 and once again price is expected to reach that zone again. Also, it looks like the price forming a triangle pattern, as per that price action is not clear. So, wait for the price to dip down the for buys.

#BTC again rejected nearly from the support zone around $61,130 and building up liquidity to the both sides. Anticipation will be still on the higher side, after taking the liq. on lows. Alternatively, price taping into the $60,000 will good for the market.