đ„đ„đ„ #Stacks : New Developments Push $STX Price 18% Higher â Details
Stacks (STX) continues its impressive upward momentum, gaining 18% over the past week, according to CoinGecko.
Despite a slight dip yesterday, the token has attracted more investors, demonstrating resilience in a volatile market.
On-Chain Developments Boost STX Confidence
- As STX rises, investors and traders are closely monitoring recent on-chain developments. These improvements, which enhance both security and user experience, could propel STX even higher in the coming weeks.
- #ZestProtocol has taken a significant step in improving smart contract security on Stacks by launching the Clarity Alliance. This auditing group aims to protect the network from potential threats by leveraging top-tier white hat hackers with a track record of auditing prominent projects like Bitflow, a market aggregator on Stacks. Zest also partnered with Hypernative Labs to proactively track and mitigate potential attacks.
STX Holds Strong in $1.5-$1.6 Trading Range
- As of the latest update, STX is trading within the $1.5 to $1.6 range, with bulls successfully countering the bearish momentum from earlier this week. These positive on-chain developments have helped STX remain profitable despite market fluctuations.
- STX's current position opens up new possibilities, supported by its relative strength index (RSI), which suggests a bullish outlook. If the token can maintain its momentum, it could reach $2 and beyond. However, STX's close correlation with Bitcoin remains a potential risk.
- Any significant movement in Bitcoin's price could have an amplified impact on STX, given its smaller market size. If #bitcoinâïž experiences a downturn, STX could drop below its current trading range, potentially reaching $1.2 or even $1.
For now, investors and traders should keep a close eye on broader market trends before making any significant moves.
Source - newsbtc.com
#CryptoMarkets #BinanceSquareTalks
đš Ethereum Update Sparks Failed Transactions Surge đš$ETH đ‎ïžđȘ
{spot}(ETHUSDT)
The Ethereum network's Dencun upgrade in March, aimed at reducing fees, has unexpectedly led to a significant increase in failed transactions on layer-2 networks. This surge is primarily attributed to the influx of bots, which are automated programs designed to exploit low-fee environments.
đ Failed Transaction Rates Soar đ
The failed transaction rates have skyrocketed, with the base layer experiencing a staggering 21% failure rate. Meanwhile, popular layer-2 networks like Arbitrum and OP mainnet have seen failure rates of 15.4% and 10.4%, respectively.
đ€ Bot Activity on the Rise đ€
High-activity addresses, likely operated by bots, are driving this increase in failed transactions. These bots are designed to take advantage of low fees, flooding the network with transactions that often fail due to various reasons like insufficient gas or incorrect smart contract interactions.
đž Low Fees: A Double-Edged Sword đž
While lower fees have made Ethereum more attractive to users, they have also created an environment conducive to bot activity. As fees decrease, bots can execute more transactions, leading to a higher likelihood of failed transactions.
đ Impact on User Experience đ
This surge in failed transactions can significantly hinder user experience, leading to frustration and mistrust in the network. Developers and networks are actively investigating solutions to mitigate bot activity and reduce failed transactions.
đ Solutions on the Horizon đ
Potential solutions include implementing anti-bot measures, adjusting fee structures, and optimizing smart contract functionality. As the Ethereum network continues to evolve, it's crucial to address these challenges and ensure a seamless user experience.
đ Stay Updated đ
Stay informed about the latest developments in Ethereum and layer-2 networks as they work to address these challenges and shape the future of the blockchain ecosystem.
The second largest offshore exchange, OKX, said it will delist FITFI, GARI, XPR, AKITA, TAMA, and WNCG tokens. OKX said that based on the feedback from users, it will delist trading pairs that violate delisting rules and may have high risks. FITFI is a StepN copycat token with Dovey Wan as an important advisor.
đ TOKEN2049 Singapore: The Largest Web3 Event #đ$TON $BONK $BNB
{spot}(BNBUSDT)
{spot}(BONKUSDT)
{spot}(TONUSDT)
đ
September 18-19 at Marina Bay Sands đ
đ 20,000 attendees from 150+ countries đ
đ« Exhibition opportunities SOLD OUT đ«
đïž Limited tickets remaining, grab yours now! đïž
đ€© Key highlights:
đïž Formula 1 World Champions in attendance đïž
đ€ Pop culture icons and Grammy-nominated artists đ€
đą Founders and CEOs from Web3, AI, finance, and tech đą
đ New speaker additions:
đïž Max Verstappen, Oracle Red Bull Racing driver đïž
đ€ Iggy Azalea, Grammy-nominated artist đ€
đ Bryan Johnson, Blueprint Founder đ
đ NEXUS startup competition:
đą Final call for innovative Web3 projects đą
đ Compete on the world stage and showcase your ideas đ
đ
TOKEN2049 Week:
đ September 16-22, 500+ side events đ
đ€ Networking opportunities galore đ€
đ Don't miss out! Get your tickets now and be part of the largest Web3 event đ
$RARE
Support us vote for me [go to my profile and claim your reward](https://www.binance.com/en/square/profile/maidah_aw)đ
RARE has experienced a notable price increase, rising from a recent low of 0.24 to a recent high of 0.28.
Key Levels:
- Support: 0.24 (recent low)
- Resistance: 0.28 (recent high)
Trend Analysis:
The short-term trend has turned bullish, with a clear break above the previous resistance level. The price is currently trading near the recent high, indicating a positive trend.
Technical Indicators:
- Relative Strength Index (RSI): 75 (overbought territory)
- Bollinger Bands: Expanding, indicating increased volatility
Summary:
RARE is experiencing a bullish trend, with a moderate price increase in a short period. While the RSI is in overbought territory, suggesting a potential pullback, the price may continue to rise if the momentum remains strong. Traders should watch for a potential pullback to 0.25 before considering further long positions. The next resistance level to watch is 0.30.
#BTCâ #Write2Earn! #BinanceTurns7 #MtGoxRepayments #BinanceLaunchpoolDOGS
Donald Trump has officially thrown his hat into the decentralized finance (DeFi) ring, a move that has set tongues wagging across both the political and cryptocurrency worlds. This isnât just a side projectâTrump's involvement could be a game-changer, bringing the concept of DeFi into the mainstream. The project is shrouded in mystery, with details about its structure and goals still under wraps, but the buzz is real.
At its core, this DeFi initiative is expected to push the boundaries of what financial systems can do, embracing the principles of decentralization, transparency, and inclusivity that DeFi enthusiasts hold dear. For Trump, this is more than just a foray into tech; itâs a statement about financial freedom, an issue that's increasingly important to his political base. With traditional financial systems facing skepticism, this project could resonate deeply with those looking for alternatives.
As the project unfolds, the impact on the DeFi landscape could be profound. Trump's endorsement of digital assets and blockchain technology could accelerate their adoption, potentially disrupting the status quo in ways we havenât yet imagined. Everyone from seasoned crypto traders to political analysts will be keeping a close eye on this one. The implications for DeFiâand the financial world at largeâcould be enormous.
#BecomeACreator #DeFiPoolz #DeFi #DeFiEducation
$BTC $ETH $BNB
đđđBTC Urgent urgent update very urgentđđđ
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BTC is in a negative but rising trend. We must be careful of this trend because it is being disposed of in this way with one candle. Also, let's not forget that if the 61300 area is breached, it will continue to rise. Otherwise, it will be volatile. For this reason, very high volatility is expected in all alternative currencies during the coming hours. Liquidity is currently rising, but it is not confirmed. In short, it is a temporary illusion. If it is confirmed, it will continue. Otherwise, it is temporary. Currently, BTC and ETH are being collected. Therefore, if today's news is negative, we will see severe bleeding, so everyone must be careful before any disaster occurs.
{future}(BTCUSDT)
{future}(ETHUSDT)
{future}(BNBUSDT)
#BTC #ETH #BNB #SOL #XRP
đš $KSM is breaking out of a Falling Wedge pattern on the 1D chart, which is typically a bullish reversal signal.
đ Entry Point: $20.00 to $22.00
đŻ Targets:
$26.93
$33.75
$49.80
$64.13
đ Trading Options: $KSM is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $18.00.
đ About $KSM:
KSM (Kusama) is a scalable, multichain network for radical innovation in the blockchain space. It serves as a testing ground for Polkadot, offering developers the opportunity to experiment and fine-tune their projects before deploying them on Polkadotâs main network.
đą #DYOR , #NFAâ
#Crypto #Treanding #Write2Earn!
**Sony Ventures into Blockchain with New Layer-2 Network "Soneium"**
Sony Block Solutions Labs, a collaboration between Sony Group and Startale Labs, has unveiled "Soneium," a new layer-2 blockchain. This innovative platform aims to attract app developers from sectors like entertainment, gaming, and finance.
- **Testnet Launch**: The Soneium testnet will be rolled out in partnership with Astar Network.
- **Tech Partnerships**: Collaborations with Web3 firms such as Optimism, Circle, and Chainlink are set to enhance Soneiumâs capabilities.
- **Developer Tools**: Built-in tools will help developers create compliant applications globally.
Sony's move into blockchain could significantly boost Web3 adoption, leveraging its extensive distribution channels and user base.
**News Flash: Push for Decentralized Domains on Bitcoin Network**
A recent attack on Squarespace's DNS registry, impacting over 100 crypto projects, has reignited the debate on domain security. Mike Carson, founder of the Bitcoin-based Spaces Protocol, argues that decentralized naming on the Bitcoin network is the solution.
Carson highlights that relying on centralized third parties for domain names poses significant risks, as evidenced by the recent phishing attacks in the DeFi space. He believes that domains, like digital assets, should be managed on a blockchain, specifically Bitcoin, due to its security and decentralization.
Carson's Spaces Protocol aims to decentralize domain management without altering Bitcoin's protocol, potentially scaling to billions of names. He asserts that decentralized naming could bring the next billion users to Bitcoin, emphasizing its importance alongside digital currency.
đ Will Dogecoin Be Dethroned in 2024? Analyst Predicts a Meme Coin Flip!
- đź Prediction: Former Goldman Sachs analyst Murad Mahmudov predicts that Dogecoin (DOGE) will be surpassed by another meme coin in 2024. He claims, "The biggest trick they played on you is to convince you that DOGE cannot be flipped."
- đŹ Discussions Sparked: This bold prediction has sparked debates about which meme coin could potentially dethrone DOGE.
- đ DOGE's Current Status: For now, Dogecoin remains the only meme cryptocurrency in the top 10. Despite Shiba Inu (SHIB) briefly surpassing DOGE in October 2021, DOGE still holds a significant lead ($15.3 billion vs. $8.3 billion).
- đ Other Challengers: Pepe (PEPE) and Dogewithhat (WIF) are potential challengers, but they're currently far from catching up to DOGE.
- đ€ Realistic or Not? Some commentators believe it's unrealistic for any other meme coin to surpass Dogecoin, given the massive gap.
- đ Inflationary Edge: Dogecoin's inflationary nature, with a 3.5% annual supply increase, gives it an advantage. This ensures rewards for miners and helps the cryptocurrency function effectively as a currency.
$DOGE
{spot}(DOGEUSDT)
#DOGE #doge⥠#dogs #Write2Earn! #writetoearn
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What you need to know before Fed chairman Powell's speech today
Markets await Fed chairman Jerome Powell's speech at Jackson Hole. It is described as âthe most risky speech of the yearâ.
This talk will take place in an environment where concerns that the Fed is late for interest rate cuts are growing and this situation is increasing the pressure on the Fed. According to the Washington Post, Powell will give the riskiest speech of the year.
Whether the Fed will cut interest rates in September is no longer a question. What is not known is whether this interest rate reduction will be 25 or 50 basis points. Powell avoided giving important details in his past Jackson Hole speeches. While the Fed president can give messages that an interest rate cut will be made in September, he can stay away from hinting about the size of the cut.
As of today, the markets predict that the Fed will reduce interest rates by 100 basis points by the end of the year. We have three meetings ahead of us, September, November and December. Therefore, in order for the market to be expected, a discount of 50 basis points is required in one of these meetings. Fed officials, on the other hand, have closed the door to this possibility in their speeches so far.
Prior to Powell's speech today, there was a significant development regarding employment data. The Department of Labor announced that the US economy created 818 thousand less jobs than the previously announced data in the 12-month period until March 2024. This downside employment data revision was recorded as the largest downward revision in the last 15 years. It also increased pressure for the Fed to lower interest rates.
#Laraxenteam #laraxen #LaraxenFamily
'50 basis points can leave an open door for a discount'
In a report released recently, investment bank Evercore suggested that Powell will give messages that will leave the door open to a 50-point discount.