đ **Huddle01 to Raise $37M Through Node Sales for Decentralized Conferencing**
Huddle01, a blockchain project aiming to revolutionize virtual meetings, is set to raise up to $37 million through the sale of 49,600 "media nodes." The initial sale, starting Nov. 6 for whitelisted buyers, will offer 20,000 nodes for $8 million, with a public sale on Nov. 8. Built on Ethereum's Arbitrum layer-2, Huddle01 promises lower latency than Zoom and Google Meet.
Key Points:
- Nodes contribute excess bandwidth for token rewards.
- Test network launches two weeks post-sale.
- Decentralized setup aims to reduce costs and improve performance.
What are your thoughts on decentralized conferencing? Drop your comments below! đŹ
đ Ready for a DeFi & Web3 revolution? Huddle01 is here to shake up virtual meetings! đ
1/ Huddle01 is selling up to $37M in nodes starting Nov. 6. First batch: $8M for whitelisted buyers. Public sale on Nov. 8. Get ready! đ°
2/ Built on Arbitrum's Orbit, Huddle01 promises lower latency than Zoom & Google Meet. Testnet launches 2 weeks post-sale. đ
3/ 49,600 media nodes to be sold, rewarding operators with HUDL tokens. Decentralized, self-sovereign, and borderless. đ
4/ Huddle01 aims to outperform Web2 giants. Join the convo: Will you buy a node? Comment below! đ
#DeFi #Web3 #Huddle01 #Crypto #Blockchain
đ **Bitcoin on the Rise? Polymarket Poll Shows Optimism!** đ
- A recent Polymarket poll reveals 63% of participants believe Bitcoin (BTC) will hit a new record high this year, up from 42% earlier this month.
- BTC currently trades at $63,840, needing a 15.6% boost to surpass its all-time high of $68,777.
- Key catalysts: Fed rate cuts, economic data showing contraction, and increased institutional investments in spot Bitcoin ETFs.
- Bitcoin balances on exchanges hit a new low, indicating strong self-custody trends.
- Historical data shows Q4 is typically strong for BTC, with average returns of 88%.
đŹ What do you think? Will BTC soar to new heights? Share your thoughts below!
**Market Analysis: Long-Term Holder Mourad Ratio Indicates Stability**
**Key Insights:**
**I - Long-Term Holder Mourad Ratio Stability:**
Historically, the Long-Term Holder (LTH) Mourad Ratio has been a reliable indicator for market trends. When this ratio remains stable, it suggests that the market is not yet ready for a bull run. Currently, the consistency in the LTH Mourad Ratio indicates that a bull phase has not commenced.
**II - Understanding the Mourad Ratio:**
The Mourad Ratio is calculated by dividing the Long-Term Holder Mourad Current Transaction Value (LTH MCTV) by the current Bitcoin price. This ratio provides insights into the average value of UTXOs aged more than six months, reflecting recent accumulation trends and market sentiment among long-term holders.
This analysis underscores the importance of strategic patience. While investor anticipation is high, the current stability of the Mourad Ratio suggests that more favorable conditions for a bull market onset have yet to materialize.
đ **Scallop Launches $100K Loyalty Program!** đ
Scallop, a leading DeFi protocol in the Sui ecosystem, is celebrating a major milestone of $2M in total revenue and $157M in Total Value Locked (TVL). To thank its loyal community, Scallop is launching a $100,000 loyalty program from Sept 26th to 30th! đ
**How to Participate:**
- Stake SCA tokens to earn veSCA.
- The more veSCA you hold, the bigger your daily rewards.
- Lock more SCA and extend the lock period to boost rewards.
**Important Dates:**
- Daily snapshots at 12:00 AM UTC.
- Rewards claimable 2 hours post-snapshot.
Join the conversation below and share your thoughts! đŹ
MINA/USDT Tests Overbought Conditions, Caution Ahead for Bulls
$MINA
{spot}(MINAUSDT)
{future}(MINAUSDT)
Current Price: MINA/USDT is trading at 0.5490, reflecting a decline of -2.07% in the latest session.
200-Period Moving Average (MA): The price is trading above the 200-period MA, which is at 0.4479, indicating a bullish trend in the medium-to-long term. This shows that the asset has gained upward momentum recently, and buyers are in control.
The VWAP is at 0.5509, nearly aligned with the current price. This suggests that the market is around a fair value zone, with traders likely watching for a breakout or a pullback at this level.
RSI (Relative Strength Index): The RSI is at 66.59, indicating that the market is nearing overbought conditions but still has room for further upward movement. Traders should be cautious of a potential pullback or consolidation as the RSI approaches overbought territory (above 70).
MACD Line: 0.0196Signal Line: 0.0139
The MACD shows a bullish signal, with the MACD line crossing above the signal line. This positive momentum indicates further upside potential, although traders should monitor for any signs of divergence or reversal.
Resistance Levels:
0.5600 is the immediate resistance level, representing recent price rejection around this area. A breakout above this level would signal renewed bullish momentum.0.6200 is the next major resistance, based on historical price action. A sustained move above 0.5600 could push the price towards this zone.
0.5000 is the immediate support level. A failure to hold above this level might trigger a pullback towards the 200-period MA at 0.4479, where significant support is expected.0.4500 is another crucial support zone, particularly if bearish pressure intensifies. This aligns with the long-term MA, providing a key level to watch.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making trading decisions.
#6thTrade #MarketSentimentToday #Market_Update
đ Exciting times in the crypto world! đ The ever-evolving landscape has a new contender: GoodEgg (GEGG)! đ„
DeFi enthusiasts, BTC, ETH, and Altcoin investors, keep your eyes peeled! GEGG is making waves and could be the next big thing. đ
Market analysis shows promising trends, and the community is buzzing with optimism. Could GEGG be the game-changer we've been waiting for? đ€
Drop your thoughts in the comments! Let's discuss the potential of GEGG and how it might impact your crypto portfolio. đŹ #DeFi #BTC #ETH #Altcoins #CryptoNews