NEAR Protocol, сеть блокчейнов, стремящаяся к росту и инновациям, недавно представила свое последнее обновление, демонстрируя вехи, достигнутые во втором квартале, в рамках своей дорожной карты. Этот всеобъемлющий отчет предлагает ценную информацию о производительности и стремлениях сети.

Улучшения и достижения: основные этапы второго квартала

В рамках этого обновления несколько ключевых областей выделяются как заметные достижения. Среди них Протокол NEAR с гордостью объявил о значительном повышении экономической эффективности развертывания контрактов, шаг, направленный на повышение его привлекательности для потенциальных проектов. Кроме того, сеть сообщила об улучшениях во время выполнения смарт-контрактов, что является хорошим предзнаменованием как для скорости, так и для эффективности.

Litecoin retested March low, but a solid reversal wasn’t clear yet as BTC weakened further.

The crypto market slumped on 17 August, liquidating over $1 billion in positions.

LTC was brought down below $60 and reclaimed by the time of writing.

The core reason for Bitcoin’s [BTC] recent freak price slump isn’t quite clear. However, the drop to $25k triggered a massive sell-off across the market, including Litecoin [LTC]. LTC dropped below $60 before partially recovering to $65 at the time of writing. 

Is your portfolio green? Check out the LTC Profit Calculator

BTC reclaimed $26k at the time of writing but had breached key trendline support, reinforcing further weakening for the king coin. According to Coinglass, the crypto slump led to over $1 billion worth of liquidations of positions over the last 24 hours before press time.

LTC recovers partially at March low

Source: LTC/USDT on TradingView

A Fibonacci retracement tool (yellow) was plotted between July high and the recent low. The lower long wick shows that sellers gained ground, but buyers came in to prevent a further drop. At the time of writing, LTC traded at $65, equivalent to March lows. 

The On Balance Volume (OBV) edged lower, capturing the decline in demand for the asset. Similarly, the Relative Strength Index (RSI) was stuck in the oversold territory and showed no signs of imminent reversal. 

So, LTC could consolidate the losses between $56 and $70 in the next couple of hours/days if BTC doesn’t record more losses. 

Although a foray above $70 could show bullish intent, bulls could only gain an edge above $75. The $70 and $78.5 are key resistance levels, while $50.5 and $42 are key support levels.   

Longs discouraged

Source: Coinglass

Any quick impulse to collect LTC at discounted prices was highly discouraged. As per Coinglass’s liquidation data, over $300k long positions were wrecked in the last four hours before the time of writing. 

Before that, a whopping +$16 million worth of longs suffered liquidations. The short-term bearish sentiment calls for bulls’ caution and tracking of BTC movement. 

*Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#litecoin #LTC $LTC

Скальпинг – это торговая стратегия, которая предполагает получение небольшой прибыли на краткосрочных движениях цен. Это может быть очень эффективным способом торговли на Binance, поскольку биржа предлагает широкий выбор активов с высокой ликвидностью и узкими спредами.

Одна из популярных стратегий скальпинга на Binance — использование 15-минутного таймфрейма. Этот таймфрейм позволяет вам идентифицировать небольшие движения цен, которыми вы можете воспользоваться. Чтобы использовать эту стратегию, вам понадобится технический индикатор для определения уровней поддержки и сопротивления. Популярным индикатором для скальпинга является схождение-дивергенция скользящей средней (MACD).

In the fast-paced world of cryptocurrency, Shiba Inu (SHIB) has recently captured the attention of investors with its remarkable bullish performance. However, as its social prominence rises, so does the likelihood of a market retracement. This article delves into the evolving fate of this digital asset as it heads into the weekend. In the last 24 hours, SHIB has surged to a new three-month high, peaking at $0.0000106 just before the time of writing. This achievement outshines its prior high set on August 5th. While SHIB’s Relative Strength Index (RSI) previously reached overbought levels on the same day, the current RSI stands notably lower, possibly indicating a shift in momentum.

RSI Divergence and Emerging Bearish Signals:

The evolving relationship between SHIB’s price and its RSI suggests a noteworthy price-RSI divergence, which could imply that the strong bullish momentum is beginning to wane. This observation coincides with the RSI once again approaching overbought territory, while the price has successfully crossed above its 200-day moving average. On the social media front, a prominent analyst known as @ali_charts has identified a TD sequential pattern forming on SHIB’s price chart. This pattern is typically indicative of trend exhaustion and potential reversals. The convergence of the TD sequential pattern and the price-RSI divergence underscores the possibility of SHIB entering a bearish pivot

Analyzing On-Chain Data:

To substantiate these observations, an exploration of Shiba Inu’s on-chain metrics is essential. A significant aspect to consider is whale activity, which can shed light on potential market movements. A bearish retracement often manifests through increased sell pressure from large holders. SHIB’s supply distribution analysis indicates heightened selling pressure from addresses possessing between 1 million and 100 million coins, depicted in red and orange. Notably, outflows from these addresses have been recorded over the past four days. Although this suggests that certain whales are capitalizing on profits, it’s important to note that these addresses account for less than 4% of SHIB’s overall circulating supply.

Dominance of Major Holders and Rising Activity:

It’s noteworthy that addresses holding over 1 billion SHIB coins collectively possess a staggering 96.53% of the token’s total supply. Interestingly, these addresses have maintained a stable position, showing no signs of outflows as of yet. On a different note, SHIB’s transaction count has experienced a consistent upswing over the past four days. Additionally, there has been a modest increase in trading volume within the same timeframe. Such heightened activity could potentially be a manifestation of selling pressure, particularly as multiple indicators suggest a weakening bullish stance. This combination of factors suggests a scenario in which SHIB could be poised for its next bearish retracement.

As Shiba Inu’s market dynamics shift, its recent bullish rally faces growing challenges. With a notable price-RSI divergence, the emergence of a TD sequential pattern, and increased selling pressure from a subset of whale addresses, the potential for a bearish pivot gains prominence. While SHIB’s dominant addresses remain stable, heightened transaction counts and trading volume imply a potential shift towards bearish sentiment. As the weekend unfolds, investors and enthusiasts are advised to closely monitor these indicators to gauge the trajectory of SHIB’s market performance.

 

The post SHIB could be headed for a bearish retracement and evidence suggests… appeared first on BitcoinWorld.

Based on a recent report by on-chain analyst Delphi Digital, the cryptocurrency researcher indicates a number of similarities between Ethereum's (ETH) DeFi Summer of 2020 and what Solana (SOL) might be up to in 2024.

"Safest bet" in non-EVM chains: Analyst on Solana (SOL)

After a massive rally in 2020 and a painful drawdown, in the next bull market, Solana (SOL) might reemerge from the ashes and repeat the performance of Ethereum (ETH). Analyst and podcaster Sal Qadir shared such conclusions with his Twitter followers yesterday, Aug. 11, 2023.

Quick tl:dr of this great report @Delphi_Digital just put out:

"Ghosts of Cycles Past - The Early Innings of a New Cycle?"

I'll be focusing on what it means for @solana

Let's dive in 🧵
1/10

— Sal.xyz (@sal_coin) August 11, 2023

Based on the four-year-cycles approach, the current performance can be compared to that of Q4, 2019, the analyst admits. At the same time, given the fact of the DeFi activity increase on Solana (SOL), the blockchain might be entering its version of Ethereum's 2020 DeFi Summer right now.

Also, in terms of total value locked in DeFi protocols, Solana (SOL) is an undisputed leader amid all L1 blockchains outside the Ethereum Virtual Machine (EVM) ecosystem.

Solana's (SOL) liquid derivatives staking ecosystem has huge room for growth. Based on the ratio between all SOL staked and the TVL of Solana-based LSTs, Qadir foresees "billions of capital" that can be injected once SOL liquidity providers start seeking additional yield.

As covered by U.Today previously, Solana's (SOL) price might be due for an amazing comeback in 2023, based on a number of technical analysis indicators.

Flashbots, NFTs might contribute to Solana (SOL) success

Besides TA triggers, Solana's (SOL) potential growth might be driven by a couple of technical advancements that either have been deployed to the protocol or might be introduced in the coming months.

For instance, new-gen Solana DeFis by Jito Labs might address the problems of MEV in more advanced ways compared to mainstream Ethereum-centric protocols.

Also, with data compression scaling technology, the minting of non-fungible tokens on Solana (SOL) might be almost 3,000x cheaper than on Polygon (MATIC), Delphi's data says.

$SOL

Binance, the world’s leading cryptocurrency exchange, has decided to delist perpetual contracts for Cardano (ADA) and Polygon (MATIC) amidst regulatory uncertainties. The move comes in the wake of growing concerns over potential regulatory actions linked to classifying these tokens as securities by the Securities and Exchange Commission (SEC).

The exchange’s official statement, released on August 10, disclosed that Binance intends to cease providing USDS-M perpetual contracts for ADABUSD and MATICBUSD. This decision follows an impending automated settlement scheduled today, triggering the delisting process. Moreover, Binance is set to make necessary adjustments to leverage and margin levels, introducing modifications that might significantly impact traders and investors.

Effective August 17 at 9:00 UTC, all positions for ADABUSD and MATICBUSD will be terminated through an automated settlement process. Binance urges its users to make essential adjustments before the cutoff date to avoid any inconvenience.

Amid these changes, an unexpected opportunity arises for traders and investors. Binance has announced that new positions in ADABUSD and MATICBUSD can still be opened until 8:30 UTC on August 17. This limited window offers a final chance for market participants to seize potential opportunities before the perpetual contracts are officially suspended.

The decision by Binance reflects the perpetual struggle between the evolving landscape of cryptocurrency and the ever-present regulatory hurdles. Recent actions by major exchanges, including Binance and Coinbase, have been sparked by the SEC’s stance on the securities classification of Cardano and Polygon tokens. Both projects vehemently deny these allegations, yet the influence of regulatory pressure has prompted Binance’s strategic maneuver.

Market players are left at a crossroads as the crypto space navigates the fine line between innovation and regulation. Binance’s move impacts the individual trajectories of ADA and MATIC tokens and underscores major exchanges’ pivotal role in shaping the broader market landscape.

The market can expect ongoing shifts and challenges where technological advancements meet regulatory scrutiny. The coming weeks will reveal the extent of the ripple effects caused by Binance’s decision, potentially altering trading strategies and risk tolerance levels for many investors.

The post Regulatory uncertainties drive Binance to delist ADA and MATIC perpetual contracts first appeared on Coinfea.