Bitcoin $BTC miners, who keep the Bitcoin network running smoothly, are having a tough time right now. Let's break down the latest analysis from Kaiko, a top crypto research firm, to see why.
Falling Fees, Rising Concerns
Fees Are Dropping: Miners earn money from transaction fees, which have nosedived from around $45 in January to just $3-$5 now as reported by Bloomberg. This drop is hard to swallow, especially since miners still have to pay hefty electricity bills and staff salaries.Halving Disappointment: In the past, Bitcoin's price would usually go up after a "halving" event, where the reward for mining new Bitcoin is cut in half. This increase would help miners balance out their reduced rewards. But after the most recent halving on April 19th, Bitcoin's price has stayed flat, leaving miners with less income.Brief Hope from NFTs: In April, there was a brief spike in transaction fees thanks to a boom in minting non-fungible tokens (NFTs). However, this was short-lived, and fees quickly fell back to their current low levels.
What Could Happen Next?
Forced Selling: Some miners might have to sell their Bitcoin holdings to cover their costs. For instance, companies like Marathon Digital could be forced to offload their Bitcoin, which could push Bitcoin prices even lower.
The Bottom Line
Bitcoin miners are feeling the squeeze from falling fees and stagnant prices. According to Kaiko, we might see more forced selling and industry consolidation ahead. It looks like the Bitcoin mining world is in for some big changes!
To get full details, visit us at: https://coinsprobe.com/kaiko-analysis-plummeting-bitcoin-miner-fees-may-lead-to-increased-forced-selling/
#bitcoin☀️

Have you ever wished you had more control over your online identity? DIDs, or Decentralized Identities, are a new wave of technology that puts the power back in your hands. Imagine a world where you control your personal information, not social media giants or banks. That's the promise of DIDs.

What is Decentralized Identity?
A Decentralized Identity (DID) is basically your own digital ID card for the web3 world. Unlike traditional systems where social media or banks control your data, DIDs give you the power. Imagine a secure vault where you hold your information and decide who gets access. This is DIDs in a nutshell.
Why are DIDs Important?
Think of the web as a bustling marketplace. Traditionally, you rely on the market owner (like a social media platform) to verify who you are. With DIDs, you become your own vendor, carrying your own unique ID card. This ID card, stored securely on a blockchain, lets you interact with different services without having to re-verify yourself every time.
Benefits of DIDs:
You're in Charge: DIDs give you complete control over your data. You decide who sees what and when.Enhanced Security: Blockchain technology makes DIDs tamper-proof, reducing the risk of data breaches.Privacy Matters: You can choose how much information to share without revealing everything.
One ID for Many Places: Use your DID across different platforms, streamlining your online experience.Lower Costs: DIDs can cut verification costs associated with traditional identity systems.

Top DID Projects to Watch:

1) Ethereum Name Service $ENS simplifies interactions within the Ethereum ecosystem by mapping human-readable names to blockchain addresses.
2) Worldcoin $WLD aims to create unique digital identities using biometric data, specifically iris scanning.
3) Polygon ID $MATIC uses zero-knowledge proofs (ZKPs) to provide a privacy-centric digital identity solution.
4)
5)
To Read More Detailed About This Tokens, Visit Here: https://coinsprobe.com/top-decentralized-identity-did-tokens-to-watch-out-for-bull-run/
#NFA #DID #IntroToCopytrading #CoinsProbe

In the cryptocurrency market, a big transaction just took place today, July 1, 2024. A large transaction involving Ethereum, a popular cryptocurrency, was detected from a U.S. government wallet.
According to Odaily, at 16:34, approximately 3,375 Ethereum (ETH) were transferred from the government wallet to another address starting with 0x5ac4. This transaction is valued at around $11.72 million.

The sheer value of this transfer, approximately $11.72 million, highlights its significance in the crypto market.
While we know the amount and the wallet address involved, the purpose of this transaction remains a mystery. We don't know why the government made this move or who received the Ethereum. The recipient's address, starting with 0x5ac4, doesn't provide any clues.
To get more details visit us at - https://coinsprobe.com/u-s-government-wallet-initiates-notable-ethereum-transaction/
#EthereumUSA #ETH $ETH #CryptoUpdates

Phala Network $PHA provides a decentralized content and application delivery network that accelerates the delivery of Web3 content and apps.

The 2021 bull run was kind to Phala Network. Its token, PHA, skyrocketed nearly 14x, jumping from $0.10 to over $1.40. However, like all altcoins, PHA hasn't been able to sustain those heights. The current price of $0.157 reflects a significant drop of around 90% from its all-time high.

In this analysis, we will look into the a short price predictions for Phala Network for the years 2024, 2025, and 2026-2030 by analyzing the performance.

Phala Network (PHA) Price Prediction:
Phala Network (PHALA) is showing promising potential for 2024. The price prediction ranges from a potential low of $0.090 to an average price of $0.27. Optimistically, the price could reach as high as $0.32, reflecting growing interest and investment in the network.

2025: Phala Network (PHALA) is expected to see a surge in price in 2025 amid bull run sentiments. analysis predict that the potential low could be around $0.99, while the average price might stabilize at approximately $1.12. On the higher end, PHALA has the potential to reach up to $1.31.

To get full detailed price predictions for upcoming years visit us at : https://coinsprobe.com/phala-network-phala-price-prediction/

Disclaimer:

The content presented in this article is intended for informational purposes only and should not be construed as financial advice.

#PhalaNetwork #priceprediction

(Sunday-30 June 2024, 09:26 AM IST):

On this Sunday morning, the cryptocurrency market is showing bearish momentum across altcoins and memecoins. This is largely due to the bearish performance of Bitcoin $BTC and Ethereum $ETH , with bears keeping a tight grip on the market, preventing Bitcoin from returning to a bullish trend. Even the news of a Solana Spot ETF hasn’t been able to spark a positive impact.
At the time of writing, BTC is trading at $60,798, up by a minor 0.25% in the last 24 hours, with a market cap of $1.19 trillion. Meanwhile, Ethereum (ETH) has seen a small drop of 0.51%, trading at $3,363.

Bitcoin Analysis:

On the daily timeframe, Bitcoin hasn’t closed in the green since June 7th, when it was trading at $72,000. Since then, we've witnessed a significant correction following the Ethereum ETF rally, which has brought BTC down by over 15%.
Currently, Bitcoin is trading around the $60,000 level, a major support level that has been tested multiple times before. We might see a potential pullback from this level. However, if BTC breaks below this support, we could see a sharp fall down to $51,000. This makes the next move crucial for the market sentiment over the next month.
For more updates visit us at : https://coinsprobe.com/
#bitcoin☀️ #BTC☀ #CryptoNewss

REI Network $REI formerly known as GXChain, is a low-cost EVM-compatible blockchain that has shown significant potential in the crypto market. As of now, REI Network is priced at $0.06794, with an all-time high (ATH) of $0.35 and a market cap of $64 million.
REI Network (REI) Price Prediction 2024:
- Low: $0.041
- Average: $0.10
- High: $0.16
REI Network (REI) Price Prediction 2025:
- Low: $0.39
- Average: $0.48
- High: $0.56
REI Network (REI) Price Prediction 2026:
- Low: $0.30
- Average: $0.39
- High: $0.44
REI Network (REI) Price Prediction 2027:
- Low: $0.12
- Average: $0.19
- High: $0.25
REI Network (REI) Price Prediction 2028:
- Low: $0.42
- Average: $0.51
- High: $0.59
REI Network (REI) Price Prediction 2029:
- Low: $1.07
- Average: $1.23
- High: $1.41
REI Network (REI) Price Prediction 2030:
- Low: $0.79
- Average: $0.90
- High: $1.02
Learn More
For more detailed information and updates on REI Network (REI), visit our website : https://coinsprobe.com/web-stories/rei-network-rei-price-prediction/
Disclaimer
The information provided in this post is for informational purposes only and does not constitute financial, investment, or other professional advice.

#REI #ReiNetwork

(Saturday 29 June 2024, 08:51 AM IST):

On the Saturday morning, the cryptocurrency market experienced a noticeable bearish trend. Both altcoins and memecoins saw a decline, largely influenced by the falling prices of Bitcoin $BTC and Ethereum. Despite recent news about a Solana Spot ETF, the market remained unimpressed and failed to recover.

As of now, Bitcoin is trading at $60,632, down by 1.86%, with a market capitalization of $1.19 billion. The key support level to watch is around $60,000. Observers are keen to see if BTC can make a pullback or if it will face a sharper decline. Similarly, Ethereum (ETH) has decreased by 2.14% in the past 24 hours, now priced at $3,379 with a market cap of $406 billion.
Altcoins Show Strength
Despite the overall bearish trend, some altcoins have shown resilience and strength:

Source: Coinmarketcap
Quant $QNT : Leading the way among Real-World Asset (RWA) tokens, Quant (QNT) surged by 6.86%, trading at $78.37. Its market cap stands at $944 million, indicating strong investor interest and market confidence.
Arweave $AR : Arweave, a Decentralized Permanent Information Network (DePIN) token, also saw an increase of 3.53%, trading at $27.03 with a market cap of $1.78 billion. This slight rise reflects steady support from its community and investors.
UNUS SED LEO $LEO : LEO recorded a modest gain of 2.81%, trading at $5.937 over the past 24 hours. With a market cap of $5.50 billion, LEO's performance shows that it remains a strong player in the market despite the broader bearish trend.
While the market faces challenges with major cryptocurrencies like Bitcoin and Ethereum struggling to regain their bullish momentum, the strength shown by altcoins like Quant, Arweave, and LEO provides a silver lining for invest

To get more updates visit us at: https://coinsprobe.com/
#CryptoNews #Bitcoin