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Now, $DOGS just won two major awards at #BlockchainLife2024!
Best Meme Coin of the Year✅
Best Money Making Click Project✅

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The price drop of Scroll (SCR) was mainly related to the distribution of about 70 million tokens of the coin on October 22, 2024, which we had talked about on the first day of the coin’s appearance, as this percentage was allocated to airdrops for active participants in the network. After the start of this distribution, many airdrop participants faced disappointment due to the small rewards compared to the efforts they put into the network, which led to a large wave of selling by these users, and pressure on the coin’s price in the market. 🚨🚨🚨.

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Bitcoin Mining Difficulty Reaches All-Time High! What Does This Signify? Here Are the Details. Bitcoin's mining difficulty increased by 3.9% on Tuesday, reaching an all-time high of 95.67 trillion Terahashes (T), according to data from Glassnode. Bitcoin Mining Difficulty Reaches All-Time High. This increase reflects the increasing competition in the mining sector, which is supported by record-high hashrate and higher mining revenues. These indicators suggest that a potential Bitcoin bull run could be on the horizon. Bitcoin's mining difficulty, which determines how difficult it is to mine a new block, has increased by 27% so far this year, from 72T to 95.67Т. Of the 22 difficulty adjustments in 2024, 13 have been positive. The network adjusts difficulty approximately every two weeks to ensure that new blocks are mined on average every 10 minutes. Simultaneously, Bitcoin's Hashrate the total computing power used to mine and secure the network reached an all-time high above 700 exahashes per second (EH/s), underscoring the continued growth and investment in mining infrastructure. Increasing Difficulty and Industry Consolidation. While the increase in difficulty highlights the increasing power of the network, it also leads to higher operational costs, squeezing profit margins for miners. As a result, smaller and less efficient miners were forced out or sold their Bitcoin holdings to fund operations. Since November 2023, over 30,000 BTC miners have left their wallets in one of the longest distribution periods in mining history. However, since July 2024, miner balances have stabilized, indicating that more efficient, large-scale miners are adapting to the new conditions. Public miners now control around 30% of the total Hashrate, consolidating the industry into fewer but more powerful players.

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Solana Experiences Surge in Transaction Fees Due to Memecoin Popularity. Solana's daily transaction fees have reached their highest levels since May 2024, driven by the increasing hype surrounding memecoins. According to Defillama data, total transaction fees on Solana rose to $3.85 million in the last 24 hours, marking a significant increase compared to the average over the past six months. Transaction Fees Reach $3.85 Million. The recent surge in the popularity of memecoins has significantly boosted the demand for transactions among Solana users. This heightened activity has led to a dramatic increase in the transaction fees paid on the blockchain. With transaction fees hitting $3.85 million in just one day, this reflects the growing usage intensity of the Solana network. During the same period, Solana's revenues also increased to $1.93 million. Such spikes in transaction activity are typically associated with the rise of popular cryptocurrency projects, highlighting the undeniable impact of memecoin initiatives on the market. What Will Be Solana's Long-Term Position? Solana's all-time high for total transaction fees reached $437.8 million. While current levels are significantly below this peak, they indicate the blockchain's broad appeal to a large user base. It is essential to recognize that the impact of speculative memecoin hype on these fees may be temporary. The health of Solana's network and the stability of transaction fees are likely to fluctuate in correlation with market activities in the coming weeks. The direction of Solana's transaction fees remains a topic of great interest. Fluctuations in the cryptocurrency world continue to play a vital role in shaping user strategies.

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🔽 The number of Bitcoins on exchanges continues to decline. 👀 Despite all the efforts, Bitcoin has not yet been able to overcome the resistance at around $70,000. 🟡 Meanwhile, CryptoQuant reported a decrease in Bitcoin trading balance, which may indicate the withdrawal of coins to cold wallets. Over 51,000 Bitcoins were withdrawn from trading platforms over the past month, which led to a drop in the volume of cryptocurrency trading on exchanges to the level recorded in October 2021.

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The difference between buying momentum and buying liquidity relates to how market activity and trading volume are evaluated: 1. Buying Momentum: • It refers to the strength of the movement in the buying direction, and expresses the speed and strength of price increases as a result of increased demand for assets. • It can be measured by monitoring price movements over time, and if prices are rising continuously and strongly, this reflects strong buying momentum. • Momentum depends on the pace and continuity of buying, not just on the volume of money in circulation. 2. Buying Liquidity: • It refers to the amount of money available in the market for buying, and the ease of buying or selling assets without significantly affecting prices. • A market with high buying liquidity means that there are a large number of buyers (and sellers) willing to enter into deals easily and at prices close to the current price. • Liquidity measures trading volume and the ability to enter and exit the market quickly without significantly affecting price movements. In short: • Buying momentum reflects the strength and continuity of price increases due to buying. • Buying liquidity reflects the amount of money available and the ease of trading.

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