Shiba Inu Shibarium Skyrockets 3436% jaunos kontos 24 stundu laikā
Shiba Inu blokķēdes platforma Shibarium ir piedzīvojusi ievērojamu aktivitātes pieaugumu, un jauno kontu skaits tikai 24 stundu laikā ir pieaudzis par 3436%. Dati no Shibariumscan liecina, ka jauno kontu skaits tīklā vienas nakts laikā pieauga no 30 līdz 1031, kas liecina par būtisku lietotāju iesaistes pieaugumu.
Šis pieaugums ir saistīts ar bažām par Shibarium aktivitātes un uzmanības samazināšanos. Straujās izmaiņas vienas dienas laikā ir mainījušas šo stāstījumu. Papildus jaunu kontu skaita pieaugumam palielinājās arī darījumu apjoms Shibarium tīklā, pieaugot no 4751 līdz 8527 darījumiem. Tas nozīmē darījumu aktivitātes pieaugumu par 80% tajā pašā laika posmā.
Vai Shiba Inu var izdzēst vēl vienu nulli un pārspēt savu ATH?
Vēl vienas nulles dzēšana no cenas nozīmē, ka Shiba Inu [SHIB] pārsniegs savu visu laiku augstāko līmeni. Vai tas var to sasniegt? Šis ir viens jautājums, ko marķiera turētāji ir uzdevuši sev.
Preses laikā SHIB cena bija USD 0,000023 — par 73,02% mazāk nekā USD 0,000088, kas bija 2021. gada oktobrī sasniegtais maksimums. Turklāt šis samazinājums bija par 3,20% kritums pēdējo 30 dienu laikā.
Tomēr SHIB KNIGHT, analītiķis, kurš ir bijis ļoti vēss par tokenu, uzskatīja, ka cena var sasniegt 0,0001 USD. Saskaņā ar viņa ierakstu X, viņš minēja, ka Shiba Inu varētu sasniegt mērķi īsā laika periodā.
Lāči nepadodas
Pēdējo reizi SHIB no savas cenas izdzēsa nulli februārī. Tajā laikā AMBCrypto ziņoja, kā cena mainījās no USD 0,0000095 22. datumā.
Līdz mēneša pēdējai dienai SHIB cena bija sasniegusi USD 0,000012, pirms tā neticami pieauga līdz USD 0,000035 marta pirmajās 10 dienās.
Tomēr ir svarīgi atzīmēt, ka tirgus stāvoklis šajā periodā bija ļoti kāpīgs. Pēdējā laikā eiforija nav bijusi, kas liecina, ka SHIB varētu būt grūti sasniegt šādus augstumus.
AMBCrypto atrada metriku, kas atbalstīja disertācijas atzīšanu par nederīgu. Tas bija IntoTheBlock nodrošinātais Bulls and Bears rādītājs.
Kriptotirgotājs sešos mēnešos pārvērš 500 000 USD par 5,3 miljoniem USD
Kriptogrāfijas tirgotājs ir guvis peļņu gandrīz 5 miljonu ASV dolāru apmērā no sešu mēnešu pozīcijas tirdzniecības ar meme monētu PEPE. Pozīcijas vidējā cena bija aptuveni 500 000 USD, un pārdošanas aptuvenais novērtējums bija USD 5,3 miljoni.
Būtībā adrese “0x42C8” trīs dienu laikā no kriptovalūtu biržas MEXC kopumā izņēma 365,96 miljardus PEPE. Tobrīd, no 2023. gada 13. līdz 16. decembrim, šī kaudze bija aptuveni 496 000 USD vērtībā, kā ziņoja Lookonchain.
Sešus mēnešus vēlāk, 4. jūnijā, pulksten 3:26 pēc UTC, kriptovalūtu tirgotājs noguldīja visus žetonus Binance. Interesanti, ka tas parasti nozīmē pārdošanas nodomu un liek domāt, ka tirgotājs ir slēdzis sešu mēnešu PEPE pozīciju ar realizētu peļņu.
BNB ķēdes raķetes sasniedz jaunus augstumus: kas veicina pieaugumu? Līdz brīdim, kad tika publicēts Lookonchain ieraksts X, PEPE tirgojās par USD 0,00001452, kā rezultātā tika pārdoti USD 5,3 miljoni. Turklāt šī izpārdošana veido 0,6% no kriptovalūtas 24 stundu tirdzniecības apjoma un mazāk nekā 0,01% no tās kapitalizācijas.
Mēmu monētām, piemēram, PEPE, bieži vien trūkst pamatvērtības, savukārt ažiotāža un sociālo mediju rosība nosaka to cenu. Kripto tirgotāji, kas pērk šīs monētas, būtībā spēlē azartspēles, cerot, ka kāds cits tās iegādāsies par augstāku cenu.
Šī mentalitāte saskan ar “Lielākā muļķa teoriju”, kas liecina, ka peļņu var gūt, pērkot pārvērtētus aktīvus un pārdodot tos “lielākam muļķim”.
"0x42C8" valis varētu gūt peļņu šajā sešu mēnešu tirdzniecībā, jo palielinās mazumtirdzniecības pieprasījums pēc PEPE.
Tomēr šī teorija arī uzsver šādu ieguldījumu raksturīgo risku, jo tirgū galu galā pietrūkst gatavi pircēji. Kad ažiotāža mazinās un pieprasījums sarūk, tirgotājiem var palikt nevērtīgi aktīvi, izraisot ievērojamus finansiālus zaudējumus.
Donalds Tramps jautā, vai Bitcoin varētu atrisināt ASV parāda problēmu
Pēdējo 100 gadu laikā ASV federālais parāds ir pieaudzis no 403 miljardiem ASV dolāru 1923. gadā līdz 33,17 triljoniem ASV dolāru 2023. gadā. Lai saprastu, vai valsts var pārvaldīt savu parādu, ir lietderīgi salīdzināt parādu ar valsts kopējo ekonomisko izlaidi, kas pazīstama kā bruto. Iekšzemes produkts (IKP). Šis salīdzinājums palīdz parādīt, cik valsts spēj atmaksāt parādus.
Svētdienas vakarā X kosmosa diskusijā Deivids Beilijs, ļoti populārās Bitcoin ziņu vietnes BitcoinMagazine izpilddirektors un Trampa kampaņas kriptovalūtas palīgs, atklāja, ka nesen viņš pirmo reizi tikās ar bijušo ASV prezidentu Donaldu Trampu.
Beilijs atklāja, ka Tramps jautāja, vai Bitcoin varētu palīdzēt samazināt 35 triljonu dolāru parādu. BitcoinMagazine izpilddirektors atbildēja Trampam, ka viņam ir dažas idejas, taču viņam neizdevās runāt par savām idejām, jo viņš nebija gatavs par tām runāt pirmajā tikšanās reizē.
Deivids Beilijs, Bitcoin Magazine izpilddirektors un Trampa kampaņas kriptovalūtas palīgs, atklāja, ka Tramps jautāja, vai Bitcoin varētu izmantot, lai atrisinātu ASV valsts parāda problēmu. Bitcoin Magazine komanda konsultē Trampu par Bitcoin draudzīgas politikas izstrādi…
— Wu Blockchain (@WuBlockchain) 2024. gada 28. maijs
Šīs ir ļoti lielas ziņas Bitcoin entuziastiem, jo visvairāk tiek gaidīts, ka Tramps būs nākamais ASV prezidents.
Tomēr nesen Tramps pieņēma vairākus Bitcoin labvēlīgus paziņojumus, lai gūtu politiskus labumus no kriptovalūtu kopienas, taču šī atklātā informācija ir pilnīgi atšķirīga, jo viņš patiesībā gaida Bitcoin ieviešanu ASV, un viņš par šo lietu publiski nerunāja.
Iepriekš vairākkārt opozīcijas politiskie līderi kritizēja pašreizējo ASV prezidentu Džo Baidenu ASV pieaugošā valsts parāda dēļ.
Kā liecina aptaujas ziņojumi, pašlaik Donaldam Trampam ir 56% iespēja uzvarēt Baidenu.
2 triljoni Shiba Inu (SHIB) pēdējo 24 stundu laikā: vai vaļi atgriežas?
Shiba Inu vaļi ir uz pamošanās robežas, jo šķiet, ka darījumu aktivitāte ar lieliem makiem pieaug un sasniedz gandrīz 2 triljonus. Tomēr impulsa trūkums tirgū liecina, ka ir pāragri svinēt, un šie pārskaitījumi varētu būt vienkārši saistīti ar līdzekļu pārdali, nevis ar kaut ko nozīmīgu cenu.
Ir parādījušies svaigi dati, ka Shiba Inu tīklā notiek vairāk darījumu. Pēdējās 24 stundās ir notikuši 147 lieli darījumi, kuru kopējais apjoms tiek novērtēts 1,9 triljonu SHIB apmērā. Aktivitāte ir zemāka par septiņu dienu zemāko līmeni — 82 darījumi, kas tika veikti 2024. gada 19. maijā. Pārsprieguma analīze Pēkšņs lielu darījumu pieaugums var nozīmēt daudzas lietas. Pirmkārt, pastāv liela varbūtība, ka lielie īpašnieki tirgū tikai pārdala savus aktīvus. Šī līdzekļu kustība varētu būt saistīta ar iekšējā maka reorganizāciju, gatavošanos turpmākām tirgus izmaiņām vai vienkāršu aktīvu pārdali likviditātes nolūkos.
$82 Million Bitcoin Mystery Stuns World's Largest Exchange
A substantial withdrawal of 1,195 Bitcoin, valued at approximately $81.95 million, has been made from Binance, the world’s largest cryptocurrency exchange. This transfer to an unknown address has caught the attention of the crypto community as, typically, massive withdrawals from exchanges are perceived as bullish signals for the price. ADVERTISEMENT The logic is simple: large investors buy digital assets on liquid platforms like Binance and then move them to private wallets for storage, indicating long-term holding strategies.
Shiba Inu turētāji pāriet uz jauno ICO, tiecoties uz 1000% peļņu
Populārā ERC-20 meme monēta Shiba Inu (SHIB $) pārspēj Bitcoin, Ethereum un populārākās mēmu monētas Dogecoin, kļūstot par vienu no labākajiem digitālo līdzekļu ieguldījumiem 2024. gadā.
Par pašreizējo cenu 0,00002547 ASV dolāri Shiba Inu ir par 200% vairāk nekā iepriekšējā gadā.
Salīdzinājumam, pasaulē iecienītākā kriptovalūta Bitcoin ($ BTC) ir pieaugusi par 158%, Ethereum ($ETH) gada laikā ir palielinājusies par 115%, un $SHIB lielākais konkurents OG doge meme monēta Dogecoin ($ DOGE) ir pieaugusi par 137,5%. pēdējās 365 dienas.
Tomēr marķiera veiktspēja pēdējo trīs mēnešu laikā liecina, ka tas saskaras ar stingrības pretestību (norāda sarkanā tendences līnija), pat ja tā atbalsta līmenis (zaļā tendences līnija) pieaug. Dati liecina, ka $SHIB cena pēdējā mēneša laikā ir bijusi salīdzinoši stabila, jo tā konsekventi tirgojas nedaudz virs 30 dienu mainīgā vidējā, ko attēlo diagrammas zilā līnija.
Tā kā relatīvā stipruma indekss (RSI) svārstās ap augstākajiem 60. gadiem, Shiba Inu ir gandrīz pārpirkts (70 ir slieksnis). Neseno pirkumu pieaugumu, visticamāk, izraisīja pagājušās nedēļas ziņas, ka ASV SEC ir apstiprinājusi biržā tirgotos fondus (ETF) Ethereum ($ETH), monētai, kas darbina Shiba Inu vietējo blokķēdi.
Mega Dice $DICE vilina Shiba Inu turētājus
Shiba Inu ir sapratis, ka ļoti maz meme monētu izdzīvos pēc adopcijas nākotnē, kad kriptovalūta kļūs par visuresošu maksāšanas līdzekli un vērtības glabātāju plašai sabiedrībai. Tāpēc šī gada sākumā komanda, kas ir aiz tā, paziņoja par 12 miljonu ASV dolāru līdzekļu vākšanu jaunai uz privātumu vērstai 3. slāņa blokķēdei.
Argentina Taps El Salvador’s Bitcoin Strategy Amid Growing Crypto Adoption
CNV officials praise El Salvador's leadership and comprehensive approach to integrating Bitcoin into its economy.
The partnership underscores the global importance of effective regulatory frameworks for cryptocurrency adoption.
Argentina’s National Securities Commission (CNV) has initiated collaboration with El Salvador’s National Commission of Digital Assets (CNAD) to explore insights into Bitcoin adoption and crypto regulation. This move follows El Salvador’s groundbreaking decision in 2021 to adopt Bitcoin as legal tender alongside the U.S. dollar. So, let’s explore the development and see how Argentina is leveraging El Salvador’s expertise in the process.
Leveraging El Salvador’s Bitcoin Strategy
In a recent meeting between Argentina’s CNV and CNAD officials, discussions centered on El Salvador’s pioneering role in integrating Bitcoin into its financial system. CNV President Roberto Silva commended El Salvador’s leadership in Bitcoin adoption and its comprehensive approach to crypto regulation, highlighting the invaluable insights gained by the CNAD.
Meanwhile, CNV Vice President Patricia Boedo emphasized the importance of leveraging El Salvador’s expertise in the crypto industry. Boedo, who participated in meetings on market development in El Salvador earlier this year, stressed the significance of strengthening ties with a nation at the forefront of cryptocurrency innovation.
On the other hand, Juan Carlos Reyes, President of the National Digital Assets Commission (CNAD) of El Salvador, lauded Argentina’s expertise in the technology sector. The officials have discussed the best approaches to under the cryptocurrency concepts and using them efficiently in global economic cases.
Read more articles on this matter and never forget to DYOR.
Ron Paul Believes De-Dollarization Is Happening at a Rapid Pace
Ron Paul, former U.S. presidential candidate and former U.S. congressional representative, has talked about how he believes de-dollarization is starting to accelerate recently, even if he does not know when the U.S. dollar will lose its reserve currency status.
In the latest episode of “The Ron Paul Liberty Report,” his online videocast, Ron Paul clarified a global reduction in the percentage of reserves held in U.S. dollars is caused by several circumstances, including “America’s endless wars, sanctions, wokism, nihilism, and unconstitutional abuses.”
About the consequences of this, Paul stated:
It is already starting. More and more we have a series of countries that are transacting their international accounts in their own currencies and ignoring it.
Furthermore, Paul declared that the U.S. government has a hand in “rigging” the price of gold in order to make the dollar look stronger, having “no respect” for gold.
Dollar Replacement and BRICS
About the possible replacement of the U.S. dollar on international markets, Paul stated that while he was not sure, Russia and China might have some kind of influence in the response to the vacuum that the dollar could leave behind. He also included BRICS, the bloc integrated by Brazil, Russia, India, China, and South Africa, as part of this answer.
Paul stated:
"I would keep an eye on BRICS and if they continue or accelerate their purchase of gold. Eventually, the best standard of money is that it is easily convertible into something that you can measure."
The BRICS bloc has been studying the issuance of a currency since at least last year, when Russian President Vladimir Putin made the announcement at the 14th BRICS summit held in China.
Ethereum, the second oldest cryptocurrency, demonstrates growth patterns akin to Bitcoin but is available at a relatively lower price. While Bitcoin is an excellent long-term investment, its high price can be a barrier for average investors with moderate risk tolerance.
Ethereum’s unique value proposition lies in its versatility beyond trading. Ethereum facilitates hosting smart contracts, decentralized applications, and decentralized finance (DeFi) platforms, unlike Bitcoin.
With a market capitalization of $395 billion, Ethereum accounts for 16% of the entire cryptocurrency market. Its extensive utility, robust blockchain infrastructure, and positive sentiment analysis make it popular among developers and investors. These factors position Ethereum as a highly promising altcoin for substantial potential gains.
#Binance Coin (BNB)
Binance is a highly regarded cryptocurrency exchange platform offering numerous benefits to its users. Its key features include low transaction fees, high efficiency, and rapid transaction processing, which appeal to investors. The platform’s native token, Binance Coin (BNB), provides opportunities for both investment and staking.
Binance utilizes these funds to develop and enhance its ecosystem. As the platform’s demand and user base increase, the return on investment (ROI) improves, resulting in staking rewards for those who stake BNB.
Moreover, BNB offers various earning opportunities, such as in-game rewards. With a significant market capitalization of $43.9 billion and continuous growth, BNB is considered a popular and valuable investment option.
Note; DYOR please after getting all these information.
Maikls J. Seilors (dzimis 1965. gada 4. februārī) ir amerikāņu uzņēmējs un uzņēmumu vadītājs. Viņš ir MicroStrategy izpilddirektors un līdzdibinātājs, uzņēmums, kas nodrošina biznesa informāciju, mobilo programmatūru un mākoņpakalpojumus. Saylor bija MicroStrategy izpilddirektors no 1989. līdz 2022. gadam; 2000. gadā SEC apsūdzēja Sayloru par MicroStrategy iepriekšējo divu gadu finanšu rezultātu krāpniecisku ziņošanu. Vēlāk viņš panāca izlīgumu ar SEC par 350 000 USD soda naudu un 8,3 miljonu USD personīgo atkāpšanos. Viņš sarakstīja 2012. gada grāmatu The Mobile Wave: How Mobile Intelligence Will Change Everything. Viņš ir arī vienīgais bezmaksas tiešsaistes izglītības nodrošinātāja Saylor Academy pilnvarnieks. 2016. gadā Saylor bija piešķirts 31 patents un tika izskatīti 9 papildu pieteikumi.
Dzimis 1965. gada 4. februāris (59 gadi) Linkolna, Nebraska, ASV Alma mater Masačūsetsas Tehnoloģiju institūts Nodarbošanās MicroStrategy izpildpriekšsēdētājs un prezidents
Seilors ir Bitcoin aizstāvis, norādot, ka viņš uzskata, ka tas aizstās zeltu kā globālo vērtības uzkrāšanas aktīvu. Saylor ir slaveni atzīmējis, ka "kapitāla saglabāšana" ir Bitcoin lietderība, un salīdzina tā iegādi ar mājas iegādi pilsētā, uz kuru ikviens vēlas pārcelties. Pēc Saylor teiktā, Bitcoin ir "cilvēku rases virsotne. #bitcoin☀️ #SaylorStrategy #Saylor #BullishCoins #DYOR
Shiba Inu investors could see their $1,000 investments skyrocket to substantial levels if SHIB ever claims a $1 price.
While the crypto market has already embarked on a rebound campaign, the losses of the past month have not been fully recovered. For instance, Bitcoin (BTC) is up 10.66% this month, as opposed to the 14.94% drop recorded in April.
Shiba Inu’s 27.16% decline last month suggests that it still has a long way to go before recouping all of April’s losses despite an 11.12% gain this month. Meanwhile, multiple market analysts have identified a Shiba Inu symmetrical triangle on the daily chart, projecting massive price gains when the breakout is completed.
Worth of $1,000 at a SHIB Price of $1
Most of these targets have been in fractions of a cent, but some commentators have not shied away from predicting an audacious $1 price. While such a projection is near impossible, the prospect has indeed caught the attention of market participants.
Hypothetically, to present a clear idea of just how massive a rally to $1 could be, The Crypto Basic assessed its impact on a $1,000 investment in Shiba Inu today. Notably, committing $1,000 to SHIB at the current value of $0.00002489 will amass 40,176,777 (40.18 million) tokens.
The worth of these SHIB tokens would skyrocket to $40.18 million if Shiba Inu ever clinched a $1 price. For better context, a $1 investment in Shiba Inu at the current value would yield $40,176 and a $10 investment would bring in $401,767 if SHIB reached the $1 price.
Is a $1 Price Realistic for Shiba Inu?
This assessment presents a clear picture of the extent of the gains a rise to $1 would yield, further confirming that such a rally might not be possible in the near future. For context, a surge to $1 would lead to a $589 trillion market cap for Shiba Inu, making it the largest asset in the world by a large margin.
While there isn’t enough money in the world to back up this valuation, crypto price prediction resource Telegaon has already projected a timeline for the $1 price target.
Michael Saylor: Ethereum ETF Approval Expands Bitcoin Opportunities.
#MicroStrategy President Michael Saylor considers the US SEC's approval of #Ethereum spot ETFs as a positive development and suggests that this could be more beneficial for Bitcoin. Saylor expressed this view during an episode of the “What Bitcoin Did” podcast with host Peter McCormack on May 25. He discussed the implications of the SEC's decision to approve eight Ethereum spot ETFs on May 23
Saylor, who previously had reservations about the possibility of Ethereum ETFs being approved by the SEC, has now changed his stance. He sees this development as a potential catalyst that could strengthen the entire crypto industry, including Bitcoin. In his own words: Additionally, MicroStrategy's founder explained that the approval of Ethereum spot ETFs acts as an additional layer of defense for Bitcoin. He expects this development to accelerate institutional adoption, as previously cautious investors may now view cryptocurrencies as a legitimate asset class
Saylor predicts that mainstream investors will allocate a portion of their portfolios to crypto, with Bitcoin taking up most of those allocations. He suggests that while investors allocate 5% or 10% of their portfolios to the crypto asset class, Bitcoin will make up 60% to 70% of this share
Saylor's previous stance was that Ethereum and other tokens such as #BNB , #Solana , #XRP , and Cardano would not receive the same treatment as Bitcoin. Therefore, the crypto community is not unaware of Saylor's return. Comments from industry figures like Joe Carlasare and Ricky Bobbyy reflect surprise at Saylor's drastic 180-degree change, wondering whether he will start investing in ETH
Saylor's support of Ethereum ETFs is a significant sign of change in the crypto world. The belief that this move will accelerate institutional adoption and consolidate Bitcoin's dominance presents a promising picture for the future of cryptos. As the market evolves, Saylor's insights can be instrumental in shaping investor strategies and industry trends. $BNB $SOL $XRP
A former Chinese takeaway worker found guilty of money laundering after police seized more than £3bn worth of Bitcoin has been jailed for more than six years.
Jian Wen, 42, came to the attention of police when she tried to buy some of London's most expensive properties, including a £23.5m seven-bedroom Hampstead mansion with a swimming pool and a nearby £12.5m home with a cinema and gym.
The investigation led to the UK's biggest-ever cryptocurrency seizure when more than 61,000 Bitcoin were discovered in digital wallets.
The cryptocurrency was worth £1.4bn at the time but its value has now risen to more than £3bn, while 23,308 Bitcoin, now worth more than £1bn, linked to the probe remains in circulation.
The Bitcoin allegedly came from a £5bn investment scam carried out in China between 2014 and 2017.
Wen was not involved in the fraud but was said to have acted as a "front person" to help disguise the source of the money, some of which had been used to buy cryptocurrency and smuggled out of China on laptops.
Wen rented a £17,000-a-month house in Hampstead. She was found guilty of one count of money laundering, relating to 150 Bitcoin, now worth nearly £8m, between October 2017 and January 2022 last month following a retrial at Southwark Crown Court.
KENYA PARTNERS WITH MARATHON TO MONETIZE UNDERUSED ENERGY BY MINING
The country will now monetize underutilized energy by mining and jointly develop technology projects.
Kenya has signed a deal with Bitcoin miner Marathon Digital Holdings to monetize the country's underutilized energy resources. This partnership, announced by Marathon's CEO Fred Thiel on X, marks a significant step towards leveraging Kenya's surplus energy for Bitcoin mining and technological development.
"Kenya has a special spot in the history of digital currencies as it is the home of M-PESA, which in 2007 was one of the first ways for people in Kenya and now across Africa to transmit value digitally by using mobile phone credits," stated Thiel. "Today tens of millions of people across Africa use M-PESA for branchless money transfers. Marathon is proud to play a part in the next phase."
Earlier this month, Kenya and Marathon Digital Holdings initiated their partnership, with President William Ruto confirming that Marathon is in consultations with Kenya's National Treasury and Ministry of Energy regarding the mining operations. This collaboration aims to harness Kenya's abundant underutilized energy and monetize it via mining.
Kenya's geothermal energy capacity is substantial, with the country being one of the leading producers of geothermal power in Africa. Despite this, a significant portion of the generated energy remains untapped. By partnering with Marathon Digital Holdings, Kenya seeks to turn this surplus into a valuable resource, generating additional revenue and promoting energy efficiency.
The deal involves not only the use of untapped energy for mining but also the joint development of technology projects that could benefit the country's infrastructure and technological landscape.
President Ruto emphasized the potential benefits of their partnership earlier this May, stating that "Kenya means business." By effectively utilizing excess energy, Kenya can boost its economy, create jobs, and position itself as a leader in sustainable energy and technology.
Cryptocurrencies provide a decentralized way of trading, but finding one's way round such a huge field of coins and through all those tokens can be quite daunting. Before making any investment or becoming involved on one of the many networks for a cryptocurrency, you should be sure to undertake extensive research and analysis. This complete guide takes us through every aspect to consider when deciding on a given cryptocurrency. We will look at underlying technology and market dynamics, going on to cover community support (or lack of it) and finally the regulatory environment — all four of which are crucial factors in determining whether a project has legs or not.. Understanding the Basics Before beginning to evaluate specific cryptocurrencies, you need to understand the basic concepts that this technology is built upon. Blockchain Technology The key feature of most cryptocurrencies is blockchain technology, a decentralized, distributed ledger recording transactions that has been adopted across multiple computers (Nodes) within a network. This innovative technology offers several key benefits. Decentralization: The network is not controlled by a single entity, which can reduce risk of human mischief and censorship.Transparency: All transactions are out in the open on the blockchain, which leads towards greater transparency and accountability.Immutability: Once data is on the blockchain, it is extremely difficult for anyone trying to alter or tamper with that information under any circumstances because it must be authenticated first by all participants in a given network to get even close.Security: Cryptographic techniques such as hashing and digital signatures protect transactions and prevent fraud. Understanding a cryptocurrency's underlying blockchain workings - including its consensus mechanism (e.g. Proof-of-Work; Proof-of-Stake) - is essential to measuring its safety, scalability and overall long-term viability. Cryptocurrency Types The cryptocurrency landscape is diverse, with various types serving different purposes. Here are some common categories: Currencies: Bitcoin (BTC) and Litecoin are types of digital currency that were created for peer-to-peer transactions and as a store of value. Platforms: Ethereum (ETH) and Cardano (ADA) are cryptocurrencies that provide a platform for building decentralized applications (dApps) and executing smart contracts. These platforms are supporting a growing number of other digital assets. Privacy Coins: Projects like Monero and Zcash prioritize transaction privacy and anonymity through advanced cryptographic techniques to such an extent that no amount of tracing performed by a third party is capable of revealing who carried out the payment. Stablecoins: Crypto like Tether (USDT) and USD Coin (USDC) are a form of digital currency pegged to fiat currencies or commodities to control price fluctuation.Meme Coins: Although started as a joke, coins like Dogecoin have gained popularity thanks to community support and speculative trading. Fundamental Analysis Conducting a fundamental analysis is crucial when evaluating a cryptocurrency. This process involves incorporating various quantitative and qualitative factors that may throw light on a project's growth, adoption potential and longevity. Market Capitalization Market capitalization, or market cap for short, is a standard metric which can tell you a cryptocurrency's combined worth in the whole market. It is calculated by multiplying its token income from all sources according to whatever the charged price for that income at the time happens to be and then dividing that number by the result. While market capitalization on its own should not be the only factor, it can offer a general picture of a project's size, liquidity and market dominance compared to other cryptocurrencies. In general, larger market caps may suggest greater adoption, stability and investor confidence. However, it's essential to consider market cap along with many other things, as it can be influenced by factors like price speculation or market manipulation. Tokenomics Tokenomics stands for the economic principles as well as incentive structures governing a cryptocurrency's token or coin. Evaluating tokenomics consists of considerations including the following: Token Supply: Knowing the maximum and circulating supplies as well any methods for influencing future supply (e.g. burning, minting).Token Distribution: Figuring out how tokens were originally distributed and whether this process led not only in many centralized deposits but also whether there exists long-tail risk that new supply may be concentrated at one point or another in future operations.Token Utility: Assessing the token's purpose and use cases within the ecosystem, like facilitating transactions, paying fees or enabling governance.Economic Incentives: Reviewing those incentive mechanisms that encourage network participation, such as staking rewards or mining rewards. Well-designed tokenomics can help the network grow, make it secure and ensure long-term sustainability. Therefore, when you evaluate a cryptocurrency, its tokenomics model is an important factor to consider. Project Team and Vision It is widely known that in the entire life cycle of a cryptocurrency project, the team plays a pivotal role. Researching background and track records are two significant aspects of cryptocurrency evaluation. When we evaluate a project, attention should also be paid to the core team.Other key factors to consider include: Expertise and Experience: Evaluate the team's technical expertise, industry knowledge and other relevant experience; experts in domain areas such as blockchain development, security technology or financial planning are valuable allies for any business venture nowadays.Transparency and Communication: Look for any team's commitment to transparency, regular communication, and engagement with the community.Vision and Roadmap: Understand the project's long-term vision and roadmap for development.Partnerships and Advisors: See if any well-known partners or advisers are investing in this project, as their input will lend both credibility and important resources. A team that is experienced and transparent with a clear vision can get the project done in line with its broad aims, adapting smoothly to changing market trends. Technical Analysis Technical analysis involves historical price data and market activity to identify trends and potential trading opportunities. Let's explore some key techniques. Price Charts Price charts are visual representations of a cryptocurrency's price movements over time. By analyzing various chart types (e.g., candlestick, line, bar), you can identify patterns, potential entry and exit points for trades. Some common chart patterns to look for include: Bullish patterns (e.g., cup and handle, ascending triangle) that may indicate a price uptrend.Bearish patterns (e.g., head and shoulders, descending triangle) that could signal a potential downtrend.Continuation patterns (e.g., flags, pennants) that suggest a pause before the existing trend resumes. It's essential to consider different time frames (e.g., daily, weekly, monthly) to identify both short-term and long-term trends. If you’re looking for detailed technical market analysis, we recommend you to check out Novax to get the latest insights on all popular cryptocurrencies. Trading Volume Trading volume is the total number of a cryptocurrency in circulation over a given period of time. High trading volume can increase market interest and liquidity, while low volume suggests no market activity or potential price manipulation. In evaluating a cryptocurrency, it is helpful to analyze trading volume together with price moves. For example, if there is a big increase in price accompanied by high trading volumes, it may show new and real demand on the market. On the other hand, when prices rise but trading volumes go down, some kind of manipulation is probably happening if not simply lack of any real demand from buyers for tickets up the hill. Indicators and Patterns Technical indicators and patterns can provide valuable insights into market and potential price movements. Some commonly used indicators include: Moving Averages: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) can help identify trend directions and resistance levels.Relative Strength Index (RSI): This momentum oscillator can help identify overbought or oversold conditions and potential trend reversals.MACD (Moving Average Convergence Divergence): It uses moving averages to identify changes in momentum and potential buy or sell signals. Final Words Evaluating cryptocurrencies is a process that requires a deep understanding of various factors. By combining fundamental analysis of market capitalization, tokenomics, and the project team with technical analysis of price charts, trading volume, and indicators, you can gain valuable insights. Remember, crypto markets are highly volatile, so stay vigilant, manage risks, and continually reassess your evaluations. Disclaimer;This information isn't final. It's very important to #DYOR .
Bitcoin, often hailed as the digital gold has dominated the crypto market since its introduction in 2009. As of May 2024, the price of Bitcoin has crossed the threshold of $70,000. Investors favor this prominent cryptocurrency for its widespread acceptance and substantial market cap.
For short-term investments, Bitcoin offers high liquidity, making it an attractive option for investors looking to make quick entries and exits. Its price can experience significant swings based on global economic news, regulatory changes, or technological advancements, such as the recent halving event which typically influences its value
#Ethereum Ethereum transcends its role as merely a cryptocurrency. It’s the backbone for a vast array of decentralized applications. The adaptability of Ethereum’s platform allows it to host numerous innovations, including smart contracts and non-fungible tokens (NFTs), which are reshaping the digital landscape.
For short-term traders, Ethereum’s frequent updates and the anticipated transition to proof-of-stake (PoS) offer potential price movements worth capitalizing on. As Ethereum continues to develop, its price reacts to technological upgrades and broader adoption rates.