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Binance Square #Write2Earn: Enjoy Up to 5% Trading Fee Commissions With Your Binance Square Posts!
This is a general announcement. Products and services referred to here may not be available in your region.
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
Free Signal
BTC/USDT
Short
Entry ⛔ 63200 - 63500
TP Target 🎯
62500 , 61700 , 60659 , 59900, 58700
Stop Loss - 64300
#BTC🔥🔥🔥🔥🔥 #Write2earn
BTC/USDT
Short
Entry ⛔ 63200 - 63500
TP Target 🎯
62500 , 61700 , 60659 , 59900, 58700
Stop Loss - 64300
#BTC🔥🔥🔥🔥🔥 #Write2earn
Suggest me i have 500$ in spot i want to buy coins for that give profit within week .
#altcoins #Write2earn
#altcoins #Write2earn
#Write2earn #Polkadot ( #DOT ) Price Analysis: Rebounding from Support Levels Amid Market Volatility #altcoins #Dot........
$DOT
Polkadot ( DOT ) has faced a prolonged downturn but has shown resilience with consistent support near $6.40, indicating a possible bottoming out. A recent uptrend pushed DOT's price above both the 20-day and 200-day Simple Moving Averages (SMA).
Since its peak in mid-March, DOT has experienced a significant decline but found strong support at $6.40. Rebounding from this level, DOT surpassed the 200-day SMA by April 22nd, reaching $7.47. Despite facing resistance, DOT rebounded again on Wednesday and Thursday, exceeding both SMAs and settling at $7.29.
Currently, DOT hovers around $7.17, slightly above the 200-day SMA. Analyzing patterns, a double bottom formation suggests a potential price floor, with a current range between $7.10 and $7.20. Maintaining position above the 200-day SMA could drive DOT towards $8, supported by bullish MACD signals and a neutral RSI.
The recent decline triggered liquidation of long positions, indicating a possible bottoming out and paving the way for DOT's value resurgence.
$DOT
Polkadot ( DOT ) has faced a prolonged downturn but has shown resilience with consistent support near $6.40, indicating a possible bottoming out. A recent uptrend pushed DOT's price above both the 20-day and 200-day Simple Moving Averages (SMA).
Since its peak in mid-March, DOT has experienced a significant decline but found strong support at $6.40. Rebounding from this level, DOT surpassed the 200-day SMA by April 22nd, reaching $7.47. Despite facing resistance, DOT rebounded again on Wednesday and Thursday, exceeding both SMAs and settling at $7.29.
Currently, DOT hovers around $7.17, slightly above the 200-day SMA. Analyzing patterns, a double bottom formation suggests a potential price floor, with a current range between $7.10 and $7.20. Maintaining position above the 200-day SMA could drive DOT towards $8, supported by bullish MACD signals and a neutral RSI.
The recent decline triggered liquidation of long positions, indicating a possible bottoming out and paving the way for DOT's value resurgence.
Why Solana (SOL) Weekly Gain Might Sustain Despite Pressure
Solana (SOL) has recorded gains as wider crypto assets recover with bulls projecting longer price highs in the coming months.
Bulls Tip High Solana Performance
Solana’s bulls have maintained a strong stance on the asset’s growth this year. Recent highs come in the back of certain factors including increased institutional sentiments and on-chain activities.
A Solana whale acquired $38 million worth of SOL today. According to data from Whale Alert, the address acquired 267,077 SOL sparking new optimism around the asset. This comes after renewed interest by institutional investors in the market.
Another reason for bulls tipping a sustained performance in the price of SOL is the upward trajectory of the asset after the Federal Open Market Committee (FOMC) meeting that left interest rates unchanged. Similarly, the announcement of the Solana-Bitcoin bridge for Q3 2024 is another factor that spiked the asset’s price.
The news of Jito Labs reportedly developing a restaking tool for the asset also helped the price growth. Last year, the asset was dubbed an institutional investor favorite after consecutive weeks of inflows.
$SOL $BTC $BNB
#Bitcoin #BlackRock
#MicroStrategy #Write2earn #BitcoinETFs
Bulls Tip High Solana Performance
Solana’s bulls have maintained a strong stance on the asset’s growth this year. Recent highs come in the back of certain factors including increased institutional sentiments and on-chain activities.
A Solana whale acquired $38 million worth of SOL today. According to data from Whale Alert, the address acquired 267,077 SOL sparking new optimism around the asset. This comes after renewed interest by institutional investors in the market.
Another reason for bulls tipping a sustained performance in the price of SOL is the upward trajectory of the asset after the Federal Open Market Committee (FOMC) meeting that left interest rates unchanged. Similarly, the announcement of the Solana-Bitcoin bridge for Q3 2024 is another factor that spiked the asset’s price.
The news of Jito Labs reportedly developing a restaking tool for the asset also helped the price growth. Last year, the asset was dubbed an institutional investor favorite after consecutive weeks of inflows.
$SOL $BTC $BNB
#Bitcoin #BlackRock
#MicroStrategy #Write2earn #BitcoinETFs
#Write2earn #Grayscale #Bitcoin Trust Sees Influx of Investments Amid Growing #ETF Competition #BitcoinETF $BTC
According to Farside Investors, the Grayscale Bitcoin Trust (GBTC), the leading bitcoin ETF in terms of assets, experienced a net inflow of new investments from investors, marking the first daily increase since its launch in January.
On Friday, a net sum of $63 million was added to the trust, as reported by Farside.
Historically, the Grayscale product has been the primary traditional investment option for individuals seeking exposure to bitcoin (BTC) without directly buying the cryptocurrency. However, it faced competition in January when it transitioned into a more accessible ETF format, coinciding with the launch of nine competing spot bitcoin ETFs.
GBTC's comparatively higher fees led investors to withdraw billions of dollars from the trust, resulting in a reduction in its bitcoin holdings from over 600,000 to around 290,000 bitcoins.
While the Friday influx of funds marks a reversal in the trend of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is emerging as a formidable challenger for the title of the largest bitcoin ETF.
GBTC currently holds $18.1 billion in assets, slightly ahead of IBIT's $16.9 billion. IBIT, now in second place, started from scratch in January, while GBTC began with over $26 billion in assets.
According to Farside Investors, the Grayscale Bitcoin Trust (GBTC), the leading bitcoin ETF in terms of assets, experienced a net inflow of new investments from investors, marking the first daily increase since its launch in January.
On Friday, a net sum of $63 million was added to the trust, as reported by Farside.
Historically, the Grayscale product has been the primary traditional investment option for individuals seeking exposure to bitcoin (BTC) without directly buying the cryptocurrency. However, it faced competition in January when it transitioned into a more accessible ETF format, coinciding with the launch of nine competing spot bitcoin ETFs.
GBTC's comparatively higher fees led investors to withdraw billions of dollars from the trust, resulting in a reduction in its bitcoin holdings from over 600,000 to around 290,000 bitcoins.
While the Friday influx of funds marks a reversal in the trend of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is emerging as a formidable challenger for the title of the largest bitcoin ETF.
GBTC currently holds $18.1 billion in assets, slightly ahead of IBIT's $16.9 billion. IBIT, now in second place, started from scratch in January, while GBTC began with over $26 billion in assets.
#Write2earn #Bitcoin #Forecast : Price Range Projection and Market Sentiment Analysis #Bitcoin❗️ #BTCrecovering $BTC
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
Cryptocurrencies bounced on Friday led by bitcoin's (BTC) gain, sparking hopes that the worst of the drawdown might be over.
BTC surged almost 5% to briefly above $62,000 during U.S. morning hours following a cooler-than-expected U.S. April jobs report that eased concerns about higher interest rates. At press time bitcoin was changing hands at $63,200, up 6.4%
Ether (ETH) reclaimed the $3,100 level and was up 4% during the same period, while altcoin majors dogecoin (DOGE), shiba inu (SHIB) and Near Protocol's NEAR jumped 5%-10%.
The rally happened as the U.S. economy added 175,000 jobs in April, less than the analyst consensus of 245,000 and the previous month's 315,000, according to the government's Nonfarm Payrolls report. It also showed the unemployment rate inching higher to 3.9% from 3.8% in March.
Following the report, market participants saw a 68% odds for at least one rate cut by September, up from 57% a week ago, CME FedWatch data indicated.
Bitcoin's correction since mid-March coincided with mounting concerns of the Federal Reserve policymakers adopting a more hawkish stance in face of sticky inflation in recent months, with some traders even dismissing chances of any rate cut this year. That's helped the U.S. dollar index to its highest level since November, often a bearish signal for risk assets like crypto.
In addition to the soft jobs data, Coinbase analysts David Han and David Duong took note of this week's FOMC meeting at which policymakers indicated no interest in cutting rates, but did taper the pace of the central bank's balance sheet runoff – often referred to as quantitative tightening (QT) campaign – as a dovish sign.
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
Cryptocurrencies bounced on Friday led by bitcoin's (BTC) gain, sparking hopes that the worst of the drawdown might be over.
BTC surged almost 5% to briefly above $62,000 during U.S. morning hours following a cooler-than-expected U.S. April jobs report that eased concerns about higher interest rates. At press time bitcoin was changing hands at $63,200, up 6.4%
Ether (ETH) reclaimed the $3,100 level and was up 4% during the same period, while altcoin majors dogecoin (DOGE), shiba inu (SHIB) and Near Protocol's NEAR jumped 5%-10%.
The rally happened as the U.S. economy added 175,000 jobs in April, less than the analyst consensus of 245,000 and the previous month's 315,000, according to the government's Nonfarm Payrolls report. It also showed the unemployment rate inching higher to 3.9% from 3.8% in March.
Following the report, market participants saw a 68% odds for at least one rate cut by September, up from 57% a week ago, CME FedWatch data indicated.
Bitcoin's correction since mid-March coincided with mounting concerns of the Federal Reserve policymakers adopting a more hawkish stance in face of sticky inflation in recent months, with some traders even dismissing chances of any rate cut this year. That's helped the U.S. dollar index to its highest level since November, often a bearish signal for risk assets like crypto.
In addition to the soft jobs data, Coinbase analysts David Han and David Duong took note of this week's FOMC meeting at which policymakers indicated no interest in cutting rates, but did taper the pace of the central bank's balance sheet runoff – often referred to as quantitative tightening (QT) campaign – as a dovish sign.
#Write2earn #Bitcoin 's Battle: #Bulls Hold Ground Amid #Bearish Pressure #BullOrBear
Over the past few days, Bitcoin experienced a dip, reaching as low as $56,500. Despite a significant sell-off from the Spot Bitcoin ETFs, the bulls managed to push the price back up. Currently, Bitcoin is teetering around the $59,000 support level. The big question now: Can the bulls maintain their stance?
Bearish Pressure on Bitcoin
Expectations were high for a Bitcoin price drop, potentially dipping below $51,000. However, the anticipated bearish movement hasn't materialized yet. Bears have been relentless, with a massive net sell-off of $563.7 million from the Spot Bitcoin ETFs on Wednesday. Even though Thursday saw a smaller net outflow of $34.4 million, it marked the seventh consecutive day of outflows.
Bitcoin Holding Ground
Looking at the daily chart, Bitcoin has shown resilience by climbing back above the critical $59,000 support level, preventing it from turning into resistance. Yet, it's struggling to surpass the trend line, indicating that there's still work to be done. A weekly close above $61,000 could potentially nullify the current downtrend, with weekends traditionally favoring bullish trends for Bitcoin.
Potential for Price Drop
From the bearish perspective, there's still room for a further price drop if bulls fail to capitalize on the recent bounce. This could lead to a dip to around $52,000.
Bitcoin's Strength: Weekly Stochastic RSI
On the weekly timeframe, the situation looks more optimistic. The longer wick to the downside on the current weekly candle is considered bullish, adding buying pressure to the area. Additionally, there's robust support at $52,000 in case of a collapse.
Crucially, Bitcoin's ace in the hole lies in the weekly Stochastic RSI. Observing the chart's bottom, the signal lines are nearing a bottoming-out phase. If the blue fast line crosses upwards by the end of Sunday's trading, it could signal a shift towards positive price momentum, potentially leading to a full reversal to the upside.
Over the past few days, Bitcoin experienced a dip, reaching as low as $56,500. Despite a significant sell-off from the Spot Bitcoin ETFs, the bulls managed to push the price back up. Currently, Bitcoin is teetering around the $59,000 support level. The big question now: Can the bulls maintain their stance?
Bearish Pressure on Bitcoin
Expectations were high for a Bitcoin price drop, potentially dipping below $51,000. However, the anticipated bearish movement hasn't materialized yet. Bears have been relentless, with a massive net sell-off of $563.7 million from the Spot Bitcoin ETFs on Wednesday. Even though Thursday saw a smaller net outflow of $34.4 million, it marked the seventh consecutive day of outflows.
Bitcoin Holding Ground
Looking at the daily chart, Bitcoin has shown resilience by climbing back above the critical $59,000 support level, preventing it from turning into resistance. Yet, it's struggling to surpass the trend line, indicating that there's still work to be done. A weekly close above $61,000 could potentially nullify the current downtrend, with weekends traditionally favoring bullish trends for Bitcoin.
Potential for Price Drop
From the bearish perspective, there's still room for a further price drop if bulls fail to capitalize on the recent bounce. This could lead to a dip to around $52,000.
Bitcoin's Strength: Weekly Stochastic RSI
On the weekly timeframe, the situation looks more optimistic. The longer wick to the downside on the current weekly candle is considered bullish, adding buying pressure to the area. Additionally, there's robust support at $52,000 in case of a collapse.
Crucially, Bitcoin's ace in the hole lies in the weekly Stochastic RSI. Observing the chart's bottom, the signal lines are nearing a bottoming-out phase. If the blue fast line crosses upwards by the end of Sunday's trading, it could signal a shift towards positive price momentum, potentially leading to a full reversal to the upside.
#Write2earn #Solana vs. #Ethereum : A Battle for Blockchain Supremacy #Altcoins #SolanaVsEthereum
$SOL $ETH
In the crypto community, the debate between Solana (SOL) and Ethereum (ETH) as leading layer 1 blockchains is ongoing. SOL has seen a remarkable 500% surge against ETH since mid-2023, shifting momentum in its favor.
Comparing SOL to ETH:
ETH boasts a market capitalization of $356 billion, while SOL sits at $60 billion. Despite ETH's security advantage, SOL surpasses it in transaction volumes and user experience. SOL's efficient operations and upcoming developments make it a promising choice.
SOL's Performance Against ETH:
SOL's chart shows a strong recovery since 2022, with a notable surge of 730% against ETH in mid-March. It continues to show potential for further gains.
Bullish Outlook for SOL/USDT Pairing:
SOL appears to rebound from recent lows against USD, indicating bullish sentiment and a potential trend reversal.
SOL vs. ETH: A Bullish Case for SOL:
In the current bull market, SOL emerges as a more favorable option due to its advantages in both fundamental and technical analysis, despite potential price surges for ETH with the approval of the Ethereum Spot ETF by the SEC.
$SOL $ETH
In the crypto community, the debate between Solana (SOL) and Ethereum (ETH) as leading layer 1 blockchains is ongoing. SOL has seen a remarkable 500% surge against ETH since mid-2023, shifting momentum in its favor.
Comparing SOL to ETH:
ETH boasts a market capitalization of $356 billion, while SOL sits at $60 billion. Despite ETH's security advantage, SOL surpasses it in transaction volumes and user experience. SOL's efficient operations and upcoming developments make it a promising choice.
SOL's Performance Against ETH:
SOL's chart shows a strong recovery since 2022, with a notable surge of 730% against ETH in mid-March. It continues to show potential for further gains.
Bullish Outlook for SOL/USDT Pairing:
SOL appears to rebound from recent lows against USD, indicating bullish sentiment and a potential trend reversal.
SOL vs. ETH: A Bullish Case for SOL:
In the current bull market, SOL emerges as a more favorable option due to its advantages in both fundamental and technical analysis, despite potential price surges for ETH with the approval of the Ethereum Spot ETF by the SEC.
#Write2earn NAVIGATING THE #MEMECOIN LANDSCAPE: OPPORTUNITIES AND CHALLENGES #memecoinseason #buythedip $WIF $BONK $PEPE
Bitcoin is on the verge of dipping to lower price levels, and most altcoins are still struggling. However, catching those entries early when the market hits bottom will be crucial. Memecoins could serve as an early indicator of the market's recovery.
"Buy Red, Sell Green"
The cryptocurrency market is predominantly in the red, with Bitcoin hovering around $57,000 and showing potential for further decline. Altcoins are faring even worse, causing distress for holders.
Despite the downturn, experienced traders understand the strategy of buying during dips and selling during upticks. While pinpointing the market bottom is challenging, many traders are considering gradually entering positions.
The Debate Surrounding Memecoins
Memecoins remain a contentious topic in the crypto space. Some view them as speculative instruments with little intrinsic value, designed to profit the issuer at the expense of retail investors seeking quick gains. Conversely, others see memecoins as highly volatile assets offering significant returns to skilled traders.
It's worth noting the oversaturation of memecoins in the market, akin to the abundance seen in altcoins and NFTs. This proliferation is often seen as opportunistic and may not yield favorable outcomes for many investors.
Considering Memecoin Opportunities
In light of the speculative nature of memecoins, investors must decide if now or in the near future is an opportune time to invest in them.
Noteworthy Memecoin Movements
Some memecoins, like Dog Wif Hat (WIF), have already shown signs of movement, potentially indicating an early start to an upward trend. Others, such as PEPE and $BONK , have experienced breakouts and gains, demonstrating potential for further upward movement.
Memecoins:
Early Indicators of Market Sentiment
While it's uncertain whether the recent memecoin movements signify a sustained rally or a temporary uptick, their swift reactions to market dynamics.
Bitcoin is on the verge of dipping to lower price levels, and most altcoins are still struggling. However, catching those entries early when the market hits bottom will be crucial. Memecoins could serve as an early indicator of the market's recovery.
"Buy Red, Sell Green"
The cryptocurrency market is predominantly in the red, with Bitcoin hovering around $57,000 and showing potential for further decline. Altcoins are faring even worse, causing distress for holders.
Despite the downturn, experienced traders understand the strategy of buying during dips and selling during upticks. While pinpointing the market bottom is challenging, many traders are considering gradually entering positions.
The Debate Surrounding Memecoins
Memecoins remain a contentious topic in the crypto space. Some view them as speculative instruments with little intrinsic value, designed to profit the issuer at the expense of retail investors seeking quick gains. Conversely, others see memecoins as highly volatile assets offering significant returns to skilled traders.
It's worth noting the oversaturation of memecoins in the market, akin to the abundance seen in altcoins and NFTs. This proliferation is often seen as opportunistic and may not yield favorable outcomes for many investors.
Considering Memecoin Opportunities
In light of the speculative nature of memecoins, investors must decide if now or in the near future is an opportune time to invest in them.
Noteworthy Memecoin Movements
Some memecoins, like Dog Wif Hat (WIF), have already shown signs of movement, potentially indicating an early start to an upward trend. Others, such as PEPE and $BONK , have experienced breakouts and gains, demonstrating potential for further upward movement.
Memecoins:
Early Indicators of Market Sentiment
While it's uncertain whether the recent memecoin movements signify a sustained rally or a temporary uptick, their swift reactions to market dynamics.
#Write2earn #Jito Surpasses $1.3 Billion Milestone: Exploring #Restaking Protocols on #Solana #RestakingSolana
$JTO $SOL
Jito, a liquid staking pool operating on the Solana blockchain, has recently achieved a significant milestone by surpassing a total value locked (TVL) of 10 million Solana (SOL). At Solana's current price of $132.11, this amounts to a remarkable $1.32 billion.
This achievement not only solidifies Jito's presence within the Solana ecosystem but also reflects a growing interest in the platform.
Jito's foray into Restaking Protocols
While Jito had previously reached a higher TVL in fiat, approximately $1.86 billion, on April 1, it's important to note that these figures are subject to the volatile nature of cryptocurrency values.
If Solana were to revisit its peak price of $208 earlier this year, Jito's TVL could potentially surge to around $2.08 billion, setting a new record for the platform.
Amidst this financial growth, there's speculation within the crypto community that Jito is exploring a new avenue—restaking protocols. Sources close to the project suggest that Jito is actively working towards enhancing Solana's capabilities by integrating restaking services. However, these reports have not been officially confirmed by Jito's team.
Restaking has emerged as a significant trend in the decentralized finance (DeFi) space. According to CoinGecko data, the "Restaking" category boasts a cumulative market capitalization of $8.64 billion as of the latest update.
EigenLayer, a project that popularized this trend, currently holds a TVL of $14.65 billion as of May 2, based on DefiLlama data.
Given the potential of restaking, it's plausible that Solana's developers are considering introducing this feature to their network. Picasso is currently the existing restaking protocol in Solana, allowing the staking of SOL and various receipt tokens from SOL staking platforms.
$JTO $SOL
Jito, a liquid staking pool operating on the Solana blockchain, has recently achieved a significant milestone by surpassing a total value locked (TVL) of 10 million Solana (SOL). At Solana's current price of $132.11, this amounts to a remarkable $1.32 billion.
This achievement not only solidifies Jito's presence within the Solana ecosystem but also reflects a growing interest in the platform.
Jito's foray into Restaking Protocols
While Jito had previously reached a higher TVL in fiat, approximately $1.86 billion, on April 1, it's important to note that these figures are subject to the volatile nature of cryptocurrency values.
If Solana were to revisit its peak price of $208 earlier this year, Jito's TVL could potentially surge to around $2.08 billion, setting a new record for the platform.
Amidst this financial growth, there's speculation within the crypto community that Jito is exploring a new avenue—restaking protocols. Sources close to the project suggest that Jito is actively working towards enhancing Solana's capabilities by integrating restaking services. However, these reports have not been officially confirmed by Jito's team.
Restaking has emerged as a significant trend in the decentralized finance (DeFi) space. According to CoinGecko data, the "Restaking" category boasts a cumulative market capitalization of $8.64 billion as of the latest update.
EigenLayer, a project that popularized this trend, currently holds a TVL of $14.65 billion as of May 2, based on DefiLlama data.
Given the potential of restaking, it's plausible that Solana's developers are considering introducing this feature to their network. Picasso is currently the existing restaking protocol in Solana, allowing the staking of SOL and various receipt tokens from SOL staking platforms.
#Write2earn #Solana Expands Partnership with Google Cloud: Introducing GameShift for #Web3 #Gaming
#GoogleCloud $SOL
Solana has been steadily strengthening its collaboration with Google Cloud since bringing the company on board as a validator in November 2022.
Expanding on this partnership, Solana Labs has now enhanced its ties with Google Cloud by making its web3 gaming API, GameShift, accessible to Google Cloud customers.
The announcement, made on May 2, signifies a step forward in simplifying the exploration of web3 gaming technology for developers and integrating blockchain-based features into their projects.
Davis Hart, head of GameShift, expressed, "Our goal is to promote the widespread adoption of blockchain technology in gaming. By integrating GameShift into Google Cloud's partner ecosystem, we can accelerate this adoption by offering these capabilities to their extensive global developer community."
Described by Solana as a user-friendly API, GameShift aims to streamline the complexities typically associated with developing games utilizing blockchain functionalities.
Key features provided by GameShift include in-game minting of Solana-based digital assets, custom branded in-game marketplaces, transaction fees and key management services, and non-custodial wallets.
Jack Buser, Director for Games at Google Cloud, noted, "Many game studios hosted on Google Cloud are eager to harness the creative possibilities of Web3 technology, but the technical intricacies have often posed a significant obstacle to broader adoption.
By integrating GameShift into Google Cloud's ecosystem for live games, we're offering developers a simplified pathway to create immersive blockchain experiences without grappling with the underlying technology."
Additionally, GameShift facilitates integration with credit card and banking systems for seamless payments and payouts.
#GoogleCloud $SOL
Solana has been steadily strengthening its collaboration with Google Cloud since bringing the company on board as a validator in November 2022.
Expanding on this partnership, Solana Labs has now enhanced its ties with Google Cloud by making its web3 gaming API, GameShift, accessible to Google Cloud customers.
The announcement, made on May 2, signifies a step forward in simplifying the exploration of web3 gaming technology for developers and integrating blockchain-based features into their projects.
Davis Hart, head of GameShift, expressed, "Our goal is to promote the widespread adoption of blockchain technology in gaming. By integrating GameShift into Google Cloud's partner ecosystem, we can accelerate this adoption by offering these capabilities to their extensive global developer community."
Described by Solana as a user-friendly API, GameShift aims to streamline the complexities typically associated with developing games utilizing blockchain functionalities.
Key features provided by GameShift include in-game minting of Solana-based digital assets, custom branded in-game marketplaces, transaction fees and key management services, and non-custodial wallets.
Jack Buser, Director for Games at Google Cloud, noted, "Many game studios hosted on Google Cloud are eager to harness the creative possibilities of Web3 technology, but the technical intricacies have often posed a significant obstacle to broader adoption.
By integrating GameShift into Google Cloud's ecosystem for live games, we're offering developers a simplified pathway to create immersive blockchain experiences without grappling with the underlying technology."
Additionally, GameShift facilitates integration with credit card and banking systems for seamless payments and payouts.
#Write2earn Market Dynamics: #Fidelity 's FBTC Leads #Bitcoin #ETF Outflows #BitcoinETF $BTC
Fidelity's FBTC, rather than GBTC, led the charge in outflows on Wednesday, raising concerns among bullish investors.
Despite Federal Reserve (Fed) Chairman Jerome Powell dismissing the possibility of a rate hike, investors rapidly offloaded U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) on Wednesday. This resulted in a combined net outflow of $563.7 million across 11 ETFs, marking the largest withdrawal since their inception on January 11. The trend continued a five-day streak of losses, with investors withdrawing nearly $1.2 billion from the ETFs since April 24, according to data from Farside.
Fidelity's FBTC saw the most significant outflows on Wednesday, totaling $191.1 million. This trend is concerning for bullish sentiments, given that FBTC and BlackRock's IBIT had consistently attracted funds in the first quarter, often offsetting the significant outflows from the relatively expensive Grayscale ETF (GBTC).
On Wednesday, GBTC experienced the second-largest outflow of $167.4 million, followed by ARKB's $98.1 million and IBIT's $36.9 million. Despite Powell's net-dovish approach providing support for risk assets, including bitcoin, other funds also experienced significant withdrawals. A dovish stance indicates a preference for prioritizing employment and economic growth over tightening liquidity excessively.
During Wednesday's meeting, the Fed opted to maintain the benchmark interest rate unchanged between 5.25% and 5.5%, as anticipated. Powell underscored the strength of the economy, signaling no inclination to cut rates while dispelling concerns about potential renewed rate hikes or liquidity tightening sparked by recent disappointing inflation figures.
Similar to other risk assets, bitcoin is sensitive to anticipated shifts in liquidity conditions. Following Powell's comments, it briefly rallied from $56,620 to $59,430. Concurrently, the yield on the 10- and two-year Treasury notes declined alongside the dollar index.
Fidelity's FBTC, rather than GBTC, led the charge in outflows on Wednesday, raising concerns among bullish investors.
Despite Federal Reserve (Fed) Chairman Jerome Powell dismissing the possibility of a rate hike, investors rapidly offloaded U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) on Wednesday. This resulted in a combined net outflow of $563.7 million across 11 ETFs, marking the largest withdrawal since their inception on January 11. The trend continued a five-day streak of losses, with investors withdrawing nearly $1.2 billion from the ETFs since April 24, according to data from Farside.
Fidelity's FBTC saw the most significant outflows on Wednesday, totaling $191.1 million. This trend is concerning for bullish sentiments, given that FBTC and BlackRock's IBIT had consistently attracted funds in the first quarter, often offsetting the significant outflows from the relatively expensive Grayscale ETF (GBTC).
On Wednesday, GBTC experienced the second-largest outflow of $167.4 million, followed by ARKB's $98.1 million and IBIT's $36.9 million. Despite Powell's net-dovish approach providing support for risk assets, including bitcoin, other funds also experienced significant withdrawals. A dovish stance indicates a preference for prioritizing employment and economic growth over tightening liquidity excessively.
During Wednesday's meeting, the Fed opted to maintain the benchmark interest rate unchanged between 5.25% and 5.5%, as anticipated. Powell underscored the strength of the economy, signaling no inclination to cut rates while dispelling concerns about potential renewed rate hikes or liquidity tightening sparked by recent disappointing inflation figures.
Similar to other risk assets, bitcoin is sensitive to anticipated shifts in liquidity conditions. Following Powell's comments, it briefly rallied from $56,620 to $59,430. Concurrently, the yield on the 10- and two-year Treasury notes declined alongside the dollar index.
#Write2earn Deciphering #Bitcoin 's Signals: Insights into Market Dynamics #MarketAnalysis #BitcoinWarning $BTC
Bitcoin's recent decline has caught the attention of investors who see its sharp fluctuations as a potential signal for broader shifts in global market sentiment.
Over the past couple of days, the cryptocurrency has dropped by around 4%, following a substantial 16% plunge in April, marking its worst monthly performance since November 2022 when Sam Bankman-Fried’s FTX digital-asset empire collapsed. Currently trading at $57,462 as of Thursday morning in London, Bitcoin is hovering around a two-month low.
For many investors, Bitcoin's movements serve as an indicator of changing liquidity patterns that can impact other asset classes. Its recent slide correlates with signals from the Federal Reserve indicating a prolonged period of higher interest rates, which has tightened financial conditions by driving up Treasury yields and strengthening the dollar.
Charlie Morris, Chief Investment Officer at ByteTree Asset Management, aptly describes Bitcoin as a canary in the coal mine for financial markets. While its downturn may signal trouble ahead, Morris remains confident that Bitcoin will eventually bounce back.
Bitcoin reached a record high of nearly $74,000 in mid-March, largely fueled by a surge in investments into newly launched US spot-Bitcoin exchange-traded funds from major players like BlackRock Inc. and Fidelity Investments. However, the enthusiasm for these products waned, and even the recent introduction of spot-Bitcoin and Ether ETFs in Hong Kong failed to generate significant market momentum.
The increased volatility in Bitcoin has led to widening discounts to net asset value for some US portfolios, exemplified by the largest daily net outflow on record for US spot ETFs on Wednesday.
Historical data suggests that Bitcoin tends to see May losses following April declines, with an average downturn of 18% over the past decade, according to Bloomberg.
Bitcoin's recent decline has caught the attention of investors who see its sharp fluctuations as a potential signal for broader shifts in global market sentiment.
Over the past couple of days, the cryptocurrency has dropped by around 4%, following a substantial 16% plunge in April, marking its worst monthly performance since November 2022 when Sam Bankman-Fried’s FTX digital-asset empire collapsed. Currently trading at $57,462 as of Thursday morning in London, Bitcoin is hovering around a two-month low.
For many investors, Bitcoin's movements serve as an indicator of changing liquidity patterns that can impact other asset classes. Its recent slide correlates with signals from the Federal Reserve indicating a prolonged period of higher interest rates, which has tightened financial conditions by driving up Treasury yields and strengthening the dollar.
Charlie Morris, Chief Investment Officer at ByteTree Asset Management, aptly describes Bitcoin as a canary in the coal mine for financial markets. While its downturn may signal trouble ahead, Morris remains confident that Bitcoin will eventually bounce back.
Bitcoin reached a record high of nearly $74,000 in mid-March, largely fueled by a surge in investments into newly launched US spot-Bitcoin exchange-traded funds from major players like BlackRock Inc. and Fidelity Investments. However, the enthusiasm for these products waned, and even the recent introduction of spot-Bitcoin and Ether ETFs in Hong Kong failed to generate significant market momentum.
The increased volatility in Bitcoin has led to widening discounts to net asset value for some US portfolios, exemplified by the largest daily net outflow on record for US spot ETFs on Wednesday.
Historical data suggests that Bitcoin tends to see May losses following April declines, with an average downturn of 18% over the past decade, according to Bloomberg.
hy hai 🙂 crypto world comment were u are seeing this from 😊 first 5 to comment will get 1usdt.
#Write2earn
#Write2earn
🗣 Binance Founder Changpeng "CZ" Zhao Gets 4 months in Prison
🗣️Binance Founder Changpeng Zhao (CZ) sentenced to 4 months in prison...
CZ was jailed for 4 months, very lenient conditions. According to rumors, 1.5-2 years were expected.
Do you think buyers will hold resistance at the $60k$ level?
Yes "👍"; No - "😱"
❗❗Follow up guys ❗❗
#CZ #czprison #FreeCZ #btc #Write2earn
🗣️Binance Founder Changpeng Zhao (CZ) sentenced to 4 months in prison...
CZ was jailed for 4 months, very lenient conditions. According to rumors, 1.5-2 years were expected.
Do you think buyers will hold resistance at the $60k$ level?
Yes "👍"; No - "😱"
❗❗Follow up guys ❗❗
#CZ #czprison #FreeCZ #btc #Write2earn
#Write2earn Navigating May 2024: Key Events and Trends Shaping the Crypto Market #CryptoCalendar #CryptoDecisions
$BTC $ETH
May 2024 looms as a pivotal month for the cryptocurrency market, marked by pivotal events that could mold its trajectory. From economic indicators to regulatory rulings, here's what analysts foresee for the month ahead.
Macroeconomic Trends: Fed Meeting and CPI Report
The Federal Reserve's FOMC meeting, concluding on May 1, is a focal point. Despite inflation concerns, the Fed is expected to hold the borrowing rate steady, signaling a cautious approach amid economic uncertainties, which could sway investor sentiment in crypto.
On May 2, the US Treasury will reveal its refunding plans for the quarter, providing insights into long-term financing strategies amid escalating debt concerns. Additionally, the April CPI report on May 15 will be closely monitored for its impact on the Fed's monetary policy and crypto market stability.
Spotlight on Hong Kong: Bitcoin Asia Conference
The Bitcoin Asia Conference in Hong Kong on May 9-10 is a significant global event, bringing together leaders from crypto and traditional finance sectors. Insights shared here may influence market trends, particularly regarding Bitcoin and Ethereum ETFs in Hong Kong.
Legal Battles: Tornado Cash Trial
Legal proceedings against Tornado Cash developer Alexey Pertsev in the Netherlands, with a verdict expected on May 14, are garnering attention. The outcome may set a precedent for privacy-focused software developers in the crypto ecosystem.
SEC Decisions: Ethereum and Bitcoin ETFs
The crypto community awaits the SEC's response to spot Ethereum ETF filings, including VanEck's and ARK's applications, due on May 23 and May 24, respectively. Despite skepticism, these decisions hold significance for market stability.
These events have the potential to shape crypto market trends in May 2024, with the community closely monitoring outcomes and navigating ensuing developments.
$BTC $ETH
May 2024 looms as a pivotal month for the cryptocurrency market, marked by pivotal events that could mold its trajectory. From economic indicators to regulatory rulings, here's what analysts foresee for the month ahead.
Macroeconomic Trends: Fed Meeting and CPI Report
The Federal Reserve's FOMC meeting, concluding on May 1, is a focal point. Despite inflation concerns, the Fed is expected to hold the borrowing rate steady, signaling a cautious approach amid economic uncertainties, which could sway investor sentiment in crypto.
On May 2, the US Treasury will reveal its refunding plans for the quarter, providing insights into long-term financing strategies amid escalating debt concerns. Additionally, the April CPI report on May 15 will be closely monitored for its impact on the Fed's monetary policy and crypto market stability.
Spotlight on Hong Kong: Bitcoin Asia Conference
The Bitcoin Asia Conference in Hong Kong on May 9-10 is a significant global event, bringing together leaders from crypto and traditional finance sectors. Insights shared here may influence market trends, particularly regarding Bitcoin and Ethereum ETFs in Hong Kong.
Legal Battles: Tornado Cash Trial
Legal proceedings against Tornado Cash developer Alexey Pertsev in the Netherlands, with a verdict expected on May 14, are garnering attention. The outcome may set a precedent for privacy-focused software developers in the crypto ecosystem.
SEC Decisions: Ethereum and Bitcoin ETFs
The crypto community awaits the SEC's response to spot Ethereum ETF filings, including VanEck's and ARK's applications, due on May 23 and May 24, respectively. Despite skepticism, these decisions hold significance for market stability.
These events have the potential to shape crypto market trends in May 2024, with the community closely monitoring outcomes and navigating ensuing developments.
🗣 Binance Founder Changpeng "CZ" Zhao Gets 4 months in Prison
🗣️Binance Founder Changpeng Zhao (CZ) sentenced to 4 months in prison...
CZ was jailed for 4 months, very lenient conditions. According to rumors, 1.5-2 years were expected.
Do you think buyers will hold resistance at the $60k$ level?
Yes "👍"; No - "😱"
❗❗Follow up guys ❗❗
#CZ #czprison #FreeCZ #btc #Write2earn
#Write2Earn
🗣️Binance Founder Changpeng Zhao (CZ) sentenced to 4 months in prison...
CZ was jailed for 4 months, very lenient conditions. According to rumors, 1.5-2 years were expected.
Do you think buyers will hold resistance at the $60k$ level?
Yes "👍"; No - "😱"
❗❗Follow up guys ❗❗
#CZ #czprison #FreeCZ #btc #Write2earn
#Write2Earn
#Write2earn #ACALA UNVEILS SINAI UPGRADE: PIONEERING MULTICHAIN DEFI SOLUTIONS #Polkadot #polkadotupdate
$ACA $DOT
Acala Network unveils its latest technological roadmap, outlining key steps toward providing multi-chain services to users.
As a foundational platform within the Polkadot ecosystem, Acala introduces the Sinai Upgrade, a significant leap in its Acala 2.0 initiative aimed at expanding the horizons of the crypto financial landscape. This upgrade aims to elevate the platform’s multi-chain capabilities, setting a new standard for decentralized finance (DeFi) not just within Polkadot, but across various blockchain networks.
Enhancing DeFi Accessibility with Multichain Integration
At the core of the Sinai Upgrade is its emphasis on multichain integration, enabling seamless interactions across diverse blockchain environments. Acala simplifies the multi-chain user experience by introducing an advanced one-click multi-chain cross-stack DeFi feature.
This feature harnesses innovative technologies like XCM (Cross-Consensus Messaging) and Wormhole to facilitate effortless cross-chain transactions. Users can easily participate in activities such as staking, liquidity provisioning, and lending across major blockchain platforms like Polkadot, Ethereum, Solana, and select others.
Empowering Communities Through Open Governance
In addition to technical enhancements, Acala introduces open governance, allowing its community to participate directly in governance decisions.
This democratizes the ecosystem's evolution, enabling users to influence treasury management, DEX listings, and more, fostering transparency and inclusivity.
Prioritizing Security and Performance
The Sinai Upgrade also addresses the critical need for security in the expanding multichain landscape. The launch of Sentinel, alongside asynchronous backing, enhances security and increases transaction throughput, ensuring Acala remains at the forefront of blockchain performance.
$ACA $DOT
Acala Network unveils its latest technological roadmap, outlining key steps toward providing multi-chain services to users.
As a foundational platform within the Polkadot ecosystem, Acala introduces the Sinai Upgrade, a significant leap in its Acala 2.0 initiative aimed at expanding the horizons of the crypto financial landscape. This upgrade aims to elevate the platform’s multi-chain capabilities, setting a new standard for decentralized finance (DeFi) not just within Polkadot, but across various blockchain networks.
Enhancing DeFi Accessibility with Multichain Integration
At the core of the Sinai Upgrade is its emphasis on multichain integration, enabling seamless interactions across diverse blockchain environments. Acala simplifies the multi-chain user experience by introducing an advanced one-click multi-chain cross-stack DeFi feature.
This feature harnesses innovative technologies like XCM (Cross-Consensus Messaging) and Wormhole to facilitate effortless cross-chain transactions. Users can easily participate in activities such as staking, liquidity provisioning, and lending across major blockchain platforms like Polkadot, Ethereum, Solana, and select others.
Empowering Communities Through Open Governance
In addition to technical enhancements, Acala introduces open governance, allowing its community to participate directly in governance decisions.
This democratizes the ecosystem's evolution, enabling users to influence treasury management, DEX listings, and more, fostering transparency and inclusivity.
Prioritizing Security and Performance
The Sinai Upgrade also addresses the critical need for security in the expanding multichain landscape. The launch of Sentinel, alongside asynchronous backing, enhances security and increases transaction throughput, ensuring Acala remains at the forefront of blockchain performance.
