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🔹 Record low commissions on the Ethereum blockchain On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei. The last time the indicator was at this level was in January 2020. 🗣 At these values, exchanging coins would cost an average of $6.2, selling NFTs would cost about $10.5, borrowing would cost $5.7, and cross-chain transfer would cost $2. 👍 A decrease in network fees began to occur after the launch of the Dencun hard fork. $ETH #ETH #Ethereum #DencunUpgrade

🔹 Record low commissions on the Ethereum blockchain


On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei. The last time the indicator was at this level was in January 2020.


🗣 At these values, exchanging coins would cost an average of $6.2, selling NFTs would cost about $10.5, borrowing would cost $5.7, and cross-chain transfer would cost $2.


👍 A decrease in network fees began to occur after the launch of the Dencun hard fork.

$ETH #ETH #Ethereum #DencunUpgrade

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📣 Top 2 Memecoins To Watch In June 2024 🔸 Cardano (ADA): The Smart Contract Innovator Cardano (ADA) is known for its unique approach to smart contracts and blockchain technology. Its research-driven development and focus on scalability and sustainability make it a standout in the crypto market. Cardano’s innovative technology and growing ecosystem position it for significant growth. 🔸 Ripple (XRP): The Payment Revolution Ripple (XRP) is transforming the way cross-border payments are made with its fast and cost-effective solutions. Its partnerships with major financial institutions highlight its potential to disrupt the traditional payment industry. Ripple’s innovative approach makes it a top meme coin to watch in June. $ADA #ADA $XRP #XRP
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🚀 This Altcoin Network Spawned Half a Million Brand New Altcoins in May: Founder Explained Nearly half a million tokens were launched on the Solana blockchain in May. The increase in token creation is attributed to lower barriers to entry and increased desire to create a popular memecoin. In May alone, 455,000 tokens were created on Solana, dwarfing the numbers seen on other platforms. In comparison, 177,000 tokens were created on Ethereum layer 2 protocol Base, while 39,000 tokens were created on BNB Chain. The Ethereum mainnet and Layer 2 networks Arbitrum and Optimism each produced less than 20,000 tokens. Austin Federa, director of strategy at the Solana Foundation, attributes this rise to Solana's unique features. “Solana is designed to be a high-throughput general-purpose layer 1 with fast completions and extremely low transaction fees,” Federa explained and added: “As a result of these features, the increased mass token creation activities in Solana reduce the cost of experimentation and new idea generation to almost zero. Creating tokens in Solana should be as easy as creating content on the internet.” Interestingly, the majority of Solana tokens are memecoins, which have recently attracted the attention of the cryptocurrency community. This trend comes after some Solana-based memecoins such as Dogwifhat, Bonk, and Book of Meme skyrocketed in the crypto market. #Altcoin $SOL #SOL
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🤔 Bitcoin Has Solid On-Chain Cushion Below $68,900: Stage Set For Fresh Rally? On-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels. 🔸 A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900 According to data from the market intelligence platform IntoTheBlock, BTC is currently floating above a major demand zone. In on-chain analysis, the strength of any support or resistance level is based on how much “demand” was present at it. Below is a chart that shows the various Bitcoin price ranges near the current spot value and how they compare in terms of the total amount of the asset the investors purchased. Here, the size of the dot correlates to the total number of tokens that were last acquired at the corresponding price range. It would appear that, out of these zones, the levels between $66,900 and $68,900 currently host the cost basis of the greatest amount of BTC. More than two million addresses have acquired 1.1 million BTC inside this range. Since the current BTC spot price is above these levels, all investors who buy there will make slight profits. Investor cost basis is important in the on-chain analysis because the level has special psychological significance. A potential retest of it can result in a flip of the profit-loss balance for the holder. As such, investors may be prone to making some moves when a retest like this takes place. A holder carrying losses before the retest (that is, the retest is happening from below) may be tempted to sell for fear that the price will go down in the future. On the other hand, an investor in the green before the retest may have reason to believe the price would go up again and, thus. When retests of price ranges thick with investors, one of these reactions may arise on a scale that could be relevant for the wider market, therefore, major demand zones below can act as support points, while those above can act as resistance blocks. $BTC #BTC #Bitcoin
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🔥 CEO of This Altcoin Named Member of CFTC’s Subcommittee Aptos (APT) ecosystem CEO Mo Shaikh was named to the CFTC's digital assets subcommittee. The CFTC's digital assets subcommittee is part of a larger committee made up of industry representatives who advise the agency on regulation and rulemaking. Other members include executives from BlackRock, BNY Mellon and Uniswap Labs. $APT #APTOS
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🚀 Holders Believe in Bitcoin Growth Over the course of 3 months, BTC has been consolidating in the range of $60-72 thousand, which is classic price behavior, after active growth of more than 200%, however, the latest data indicates the active accumulation of BTC by long-term investors. 🐙 Glassnode reports that at the end of May, 50,000 BTC were withdrawn from Kraken alone, worth $3.44 billion. Also, according to Glassnode, the activity ratio showed an impressive drop from 9% to -3%, indicating a trend towards long-term storage of BTC. 🔼 Today BTC broke through $70 thousand, at the moment the price is trading below this level, as investors are looking forward to labor market data , which will be published on 06/07. $BTC #BTC #Bitcoin
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