Daily CRYPTO NEWS recap📈🔥- 20.06.2024
•Impact of BTC Halving: Block Size Hits Yearly Low
Lately, the Bitcoin network has experienced a notable decline in its average block size and transaction rates. This could be one of the reasons for the price drop to $64,000. The decrease in block size, which measures the amount of transaction data included in each block, reflects the level of interest in BTC and its network. In June, the network's transaction per second (TPS) rate also declined, indicating reduced activity and potentially lower miner profitability due to decreased post-halving BTC block rewards. Now, whole community wait for some $BTC ups!
•Will $XRP finally move up as open interest increases?
Investors are increasingly betting on an XRP price breakout. Could Ripple be poised for more upside momentum? Many analysts are speculating about an upcoming uptrend based on periodicity data. XRP has been in a downtrend since the beginning of the year, and many traders compare its losses to an accumulation phase. According to a key technical chart formation, XRP could be on track for a price breakout by the end of June. However, this outcome is not certain. Only time will tell...
•BNB Chain with new hard fork - opBNB rollup
BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing. With BEP-336, layer-2 costs will be slashed by 90%, reducing the average opBNB transaction fee to approximately $0.0001. This update ensures all transactions are verified within the attached blob - a temporary memory segment that captures large data chunks. This significant reduction in transaction costs could make opBNB rollup commonly used in the Web 3 world, potentially leading to an uptrend in $BNB 's price.
Stay tuned for more updates from MarMag! New posts coming soon :))
