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CRYPTO TV XCHANGE
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SKL analysis: The price has successfully surpassed the resistance level of $0.024 and is now moving towards a major resistance area which is expected to be between $0.02840-$0.02970. In the upcoming days, we may witness a test of this major resistance area. If you have any long position open, you can consider booking profits at this point. #SKL

SKL analysis:

The price has successfully surpassed the resistance level of $0.024 and is now moving towards a major resistance area which is expected to be between $0.02840-$0.02970. In the upcoming days, we may witness a test of this major resistance area. If you have any long position open, you can consider booking profits at this point.

#SKL

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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#MATIC+1.16% has reached the major resistance level, which may cause the price to drop towards the support area. If you are currently holding long positions, it may be a good idea to book your profits. However, if the resistance level is broken, we can expect the price to continue to rise. Support Area: $0.747-$0.787 Next Resistance Area: $1.30-$1.35
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#ZEN/USDT is now testing the support area. Open long positions here with tight stop loss. We are expecting a bounce from here towards the resistance area. Support Area: $10.90-$11.30 Major Resistance Area: $14.10-$15.10
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#BTC dumped as expected after the breakdown. We will see a continuation of the downward movement towards the support area. A test of the support is needed to check the strength of the uptrend. First Support Area: $34,700-$35,000 Second Support Area: $33,300-$33,600 Resistance Area: $36,000-$37,000
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Educational Post What is Merged Margin? Merged mining refers to the act of mining two or more cryptocurrencies at the same time, without sacrificing overall mining performance. Essentially, a miner can use their computational power to mine blocks on multiple chains concurrently through the use of what is known as Auxiliary Proof of Work (AuxPoW). The idea behind AuxPoW is that the work done on one blockchain can be leveraged as valid work on another chain. The blockchain that provides the proof of work is called the parent blockchain, while the one that accepts it as valid is the auxiliary blockchain. To perform merged mining, all the involved cryptocurrencies must be using the same algorithm. For instance, Bitcoin uses SHA-256, meaning that virtually any other coin that uses SHA-256 can be mined along with Bitcoin - as long as the technical implementations are properly done. Notably, the parent blockchain is barely affected as it doesn’t have to go under any kind of technical modification. On the other hand, the auxiliary blockchain needs to be programmed to effectively receive and accept the work of the parent chain. Typically, adding or removing support for merged mining requires a hard fork. In theory, merged mining can be an interesting method for a small (low-hash) blockchain to increase their security, by leveraging the hashing power of Bitcoin or another bigger chain. This could potentially reduce the possibility of 51% attacks, as long as enough miners agree to adopt merged mining. #BTC #ETH #Polygon #BNBecosystem
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