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KamUP
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Bitcoin
is currently trading sideways as expected, and we anticipate similar movement today. All eyes are on the opening of global markets on Monday, so let's see how the price reacts.
$BTC
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NEIRO analysis: The price has bounced off the support area, and accumulation is still occurring. You can purchase some NEIRO now and consider adding more if the price drops to the support level again. We can expect a significant rally once the resistance area is broken. $NEIRO Support Area: $0.00075-$0.00095 Resistance Area: $0.00126-$0.00137 #Signal.
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Educational Post What is Transactions Per Second (TPS)? In the context of blockchains, transactions per second (TPS) refers to the number of transactions that a network is capable of processing each second. The approximate average TPS of the Bitcoin blockchain is about 5 – though this may vary at times. Ethereum, in contrast, can handle roughly double that amount. The development of technologies that increase the transaction rate of blockchains has been an important area of research over the years. These decentralized networks pose completely new challenges in terms of their ability to scale for increased demand. This challenge isn’t purely about increasing TPS. Centralized databases are already capable of handling thousands of transactions each second. VISA, for example, handles around 1,500-2000 transactions each second. So why not just use these solutions? Well, the main problem is that Bitcoin, Ethereum, and other blockchains aim to compete with that while still maintaining a high degree of decentralization. Decentralization comes at the cost of performance and security. So, these scalability solutions not only need to increase the performance of the network but, at the same time, also maintain all the other desirable properties of blockchain. Otherwise, blockchain isn’t really anything more than an inefficient database. It’s important to note that if a blockchain has high TPS, it isn’t necessarily superior to other blockchains with lower TPS. Many blockchain projects boast about their high TPS numbers. However, it’s almost certain that such performance was achieved by sacrificing other important aspects of the network. For example, at any given moment, Bitcoin has thousands of nodes distributed across the globe running the Bitcoin software. A blockchain with only 10-20 nodes could easily outperform Bitcoin, but it could hardly be called decentralized or even distributed. #CryptoReboundStrategy #EducationalContent #Educational_Post✨
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The selling pressure has pushed ICP below the support area. However, the price is now demonstrating good strength. If you opened a long position at the support level, you are now seeing a profit of over 18%. It’s advisable to raise your stop loss to the breakeven point and hold on to the trade. $ICP Resistance Area: $15.20-$15.80
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HBAR analysis: Price broke the symmetrical triangle in an upward direction and is now retesting it. You can open a long position at the retest. We expect to see a continuation of the upward movement in the coming days. $HBAR Support Area: $0.30-$0.305 Resistance Area: $0.33-$0.337
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