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đŸ”„đŸ’„đŸŒŸđŸ’„ ALGO Just Formed A “Golden Cross” Coin: Algorand (ALGO) Price: $0.27 Market Cap: $2.26B Algorand is a decentralized, secure, and scalable platform for digital currency and smart contracts. Leveraging a variant of Proof of Stake (PoS) known as Pure PoS (PPoS), its protocol ensures network security and achieves consensus for block production. ALGO price grew almost 17% this year. Although its growth is still behind other coins, ALGO could be getting ready for a huge bull run, as its 4H price chart shows its EMA lines just formed a “Golden Cross”. Exponential Moving Averages (EMAs) are a moving average that places a greater weight and significance on the most recent data points, making them particularly responsive to new market information. The Golden Cross is a bullish signal observed on price charts, occurring when a shorter term EMA crosses above a longer term EMA. This event is seen as a positive sign, suggesting that a market could be moving from a downtrend to an uptrend, indicating potential long-term growth ahead.

đŸ”„đŸ’„đŸŒŸđŸ’„ ALGO Just Formed A “Golden Cross”

Coin: Algorand (ALGO)

Price: $0.27

Market Cap: $2.26B

Algorand is a decentralized, secure, and scalable platform for digital currency and smart contracts. Leveraging a variant of Proof of Stake (PoS) known as Pure PoS (PPoS), its protocol ensures network security and achieves consensus for block production.

ALGO price grew almost 17% this year. Although its growth is still behind other coins, ALGO could be getting ready for a huge bull run, as its 4H price chart shows its EMA lines just formed a “Golden Cross”.

Exponential Moving Averages (EMAs) are a moving average that places a greater weight and significance on the most recent data points, making them particularly responsive to new market information.

The Golden Cross is a bullish signal observed on price charts, occurring when a shorter term EMA crosses above a longer term EMA. This event is seen as a positive sign, suggesting that a market could be moving from a downtrend to an uptrend, indicating potential long-term growth ahead.

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đŸš€đŸ”„đŸ˜± AltLayer is an open and decentralized protocol designed for rollups. Initially, AltLayer focuses on making it easier to deploy application specific roll ups through its RaaS service, Roll up as a Service, streamlining the process for users. Its possible uses cover a wide range of areas, with a special emphasis on the gaming industry. Also is leading the way in introducing the concept of "restaked roll ups" in collaboration with Eigenlayer. This innovative approach enhances the security, decentralization, interoperability, and economic finality of current roll ups such as OP Stack, Arbitrum Orbit, ZKStack, and Polygon SDK, among others. Within the EigenLayer restaking ecosystem, Altlayer offers three types of AVSs (Actively Validated Services): SQUA, DVITAL and MAC. đŸ”čDecentralized protocol facilitating the deployment of native and restaked rollups, AltLayer disclosed the commencement of the second phase of AltLayer staking and introduced the restaked $ALT token, "reALT" . reALT can be used in multiple pools for restaked rollups, such as the Xterio pool, This enables users to simultaneously participate in more than one pool, gaining exposure to other restaked rollup communities and incentives, without unstaking from the main ALT staking pool, to increase their staking yields. #ALTrestaking
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đŸš€đŸ”„đŸ”„đŸ”„ Dont MIss THIS OPPORTUNITY‌ đŸ’„Read BELOW👇 AltLayer is an open and decentralized protocol which accelerates the launch of rollups with optimistic and ZK rollup stacks. Its flagship product restaked rollups has been an industry disruptor, unlocking the true value of rollups with enhanced security, decentralization, fast finality, and interoperability.  AltLayer’s restaked rollups consist of three vertically integrated Actively Validated Services (AVS) titled MACH, VITAL, and SQUAD. These products leverage the permissionless nature of rollup stacks, and the principle of restaking, which allows networks to borrow economic security from Ethereum. Each of these core services will operate as an AVS and will borrow security from Ethereum via EigenLayer’s restaking mechanism. reALT serves as an auto compounding ERC-20 token designed to capture the staking contributions of ALT holders and accumulate the compounding rewards obtained. This token is distributed to individuals participating in the main staking pool by staking $ALT . By utilizing reALT, users gain the capability to engage in multiple pools concurrently, expanding their exposure and choice while enjoying the advantages of auto compounding. Once reALT is issued, it can be redirected to various Launchpools related to restaking rollups, such as the Xterio pool. AltLayer will conduct periodic snapshots of the reALT balance, utilizing them to calculate forthcoming pool rewards. #ALTrestaking @AltLayer
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W000wwwâ€ŒđŸš€đŸ”„ REad Now👀 AltLayer is an open and decentralized protocol for rollups that aims to provide enhanced security,decentralization, interoperability,&crypto economic fast finality to existing rollups.It introduces the novel concept of Restaked rollups,combines the ease of spinning up rollups using popular rollup stacks with the power of EigenLayer's restaking mechanism. Dex protocol facilitating the deployment of native and restaked rollups,AltLayer disclosed the commencement of the second phase of AltLayer staking and introduced the restaked ALT token, reALT. reALT serves as an auto compounding ERC20 token designed to capture the staking contributions of $ALT holders and accumulate the compounding rewards obtained.token is distributed to individuals participating in the main staking pool by staking ALT. By utilizing it users gain the capability to engage in multiple pools concurrently,expanding their exposure and choice while enjoying the advantages of auto compounding. Once reALT is issued,it can be redirected to various Launchpools related to restaking rollups,such as the Xterio pool. AltLayer’s restaked rollups consist of three vertically integrated Actively Validated Services(AVS) titled MACH,VITAL, and SQUAD. These products leverage the permissionless nature of rollup stacks, and the principle of restaking, which allows networks to borrow economic security from Ethereum. Each of these core services will operate as an AVS and will borrow security from Ethereum via EigenLayer’s restaking mechanism. Built a top its protocol is a multi chain, multi VM compatible Rollups as a Service (RaaS) launcher, a hassle free platform allowing developers and beginners to spin up a customized rollup within 2 minutes!  Together, these products form the bedrock of a modular blockchain ecosystem home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. Industries spanning the NFT sector, Web3 gaming, DeFi, real world asset tokenization, and others leverage these rollups to scale their applications. #ALTrestaking
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đŸ”„đŸ”„ AltLayer is an open and decentralized protocol for rollups that aims to provide enhanced security,decentralization, interoperability,& crypto economic fast finality to existing rollups.It introduces the novel concept of Restaked rollups, which combines the ease of spinning up rollups using popular rollup stacks with the power of EigenLayer's restaking mechanism. Dex protocol facilitating the deployment of native and restaked rollups,AltLayer disclosed the commencement of the second phase of AltLayer staking and introduced the restaked ALT token, reALT. reALT serves as an auto compounding ERC20 token designed to capture the staking contributions of $ALT holders and accumulate the compounding rewards obtained.This token is distributed to individuals participating in the main staking pool by staking ALT. By utilizing it users gain the capability to engage in multiple pools concurrently,expanding their exposure and choice while enjoying the advantages of auto compounding. Once reALT is issued,it can be redirected to various Launchpools related to restaking rollups,such as the Xterio pool. AltLayer’s restaked rollups consist of three vertically integrated Actively Validated Services (AVS) titled MACH, VITAL, and SQUAD. These products leverage the permissionless nature of rollup stacks, and the principle of restaking, which allows networks to borrow economic security from Ethereum. Each of these core services will operate as an AVS and will borrow security from Ethereum via EigenLayer’s restaking mechanism. Built a top its protocol is a multi chain, multi VM compatible Rollups as a Service (RaaS) launcher, a hassle free platform allowing developers and beginners to spin up a customized rollup within 2 minutes!  Together, these products form the bedrock of a modular blockchain ecosystem home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. Industries spanning the NFT sector, Web3 gaming, DeFi, real world asset tokenization, and others leverage these rollups to scale their applications. #ALTrestaking
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đŸ’„đŸš€ Ethereum Singapore conference is coming! On 10-12 September, in fact! Ethereum Singapore 2024 promises to be an exciting lead up to Devcon Conference that will be held in Bangkok, Thailand this November. Aspiring and seasoned Ethereum developers alike are sure to use this platform as an opportunity to create, connect and contribute with fellow ETH enthusiasts from around the world. I crystallised the line up of this impactful conference so that you don’t have to spend time browsing through the website. What we can expect: 1. 2024 Hackathon. Last year, 120 teams submitted their projects to leverage ETH for the collective good. This year’s participants will similarly undergo a 36-hour hackathon to build something on the ETH blockchain. Sparks will fly. What’s the next groundbreaking innovation to arise from this signature event ? 2. Prominent speakers. A conference will be held alongside the hackathon. Last year, Vitalik Buterin himself took to stage to rally ETH developers to harness the advantages of the Web 3.0 world. Try as I might, I couldn’t find the speaker list for this year’s conference yet. But I have no doubt that the speakers will be influential thought leaders from DAOs and DeFi apps and L2 networks.
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