Post 3: Understanding Crypto Transactions

Let's break down how transactions work in the crypto world.
When you send cryptocurrency, the transaction is broadcast to a network of computers (nodes). These nodes validate the transaction and add it to a block. Once the block is added to the blockchain, the transaction is complete and irreversible. This process ensures security and prevents double-spending. Stay tuned for our next post on crypto wallets!
#CryptoTransactions #CryptoBasics #BinanceTurns7 #writetoearn #LearnTogether

Massive XRP Transfers Between November 27 and 28
XRP, the sixth-largest cryptocurrency by market capitalization, witnessed significant transfers during November 27 and 28. According to blockchain monitoring tool Whale Alert, two large transactions occurred during this period, amounting to approximately 44 million XRP. These transfers involved moving substantial amounts of XRP from major cryptocurrency exchanges to unknown wallets, often signaling whale accumulation or preparations for over-the-counter (OTC) activities.
Details of the Large Transactions
The first transaction on November 27 involved a transfer of 18,783,349 XRP (valued at approximately $27.2 million) from the Binance cryptocurrency exchange to an unknown wallet.

Shortly after, another transaction occurred, moving 25,000,000 XRP (worth approximately $36.6 million) from the Upbit exchange to another unknown wallet.
What Do These Transfers Indicate?
Transfers of XRP from exchanges to unknown wallets often suggest that institutional investors or whales are accumulating tokens for long-term holding. Such moves also typically reduce liquidity on exchanges, which can be interpreted as a bullish signal. Alternatively, these transactions could simply represent a reallocation of funds.
XRP Price Action on November 27 and 28
Between November 27 and 28, the price of XRP rose by 3.29%, reaching $1.46. This growth is likely supported by the overall bullish sentiment in the cryptocurrency market, where bitcoin recently surpassed the $98,000 mark.
Despite a recent decline of over 17% after hitting a multi-year high of $1.63, XRP continues to maintain its weekly and monthly gains. Over the past week, XRP has risen by 29%, while monthly gains have reached nearly 180%, marking its best month since April 2021.
Key Levels for XRP
Support: If XRP’s price declines, the $1 level could act as short-term support. A deeper retracement might push the price back to $0.85.Resistance: If the current upward momentum holds, XRP could aim for the psychological milestone of $2.
The cryptocurrency market is closely watching whether XRP can sustain its current momentum or if further corrections are ahead.

#Xrp🔥🔥 , #XRPPredictions , #Priceanalysis ,#cryptowhales , #CryptoTransactions

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Bitcoin ($BTC) has shattered all previous records by achieving a Taker buy volume of $1.1775 billion in just one hour on Binance. This unprecedented milestone was confirmed by CryptoQuant analyst Maartunn, marking a significant event in Bitcoin's history.

Bitcoin Hits an All-Time High of $104,088
As a result of this surge, Bitcoin reached a new all-time high of $104,088, surpassing all previous record levels. It is currently trading at $102,500 on Binance, keeping investors and analysts eagerly watching for the next move.
This new record has created a buzz within the cryptocurrency community. Analysts suggest it could signal an even stronger bullish trend, increasing focus on Bitcoin and the broader crypto market.
Rising Trading Volume Boosts Market Confidence
The significant rise in trading volume indicates growing investor confidence in the market. On Binance and other exchanges, traders are now closely monitoring whether Bitcoin can sustain these levels or continue to rise. Discussions are also emerging about whether this trend might spark similar growth in other cryptocurrencies.
Bitcoin’s Dramatic Movement Draws Attention
This dramatic surge in Bitcoin's value is one of the most notable events in the crypto world. As Bitcoin's price stabilizes, all eyes remain on the market, awaiting its next move. This event reaffirms Bitcoin's importance in the global cryptocurrency landscape.

#Bitcoin❗ , #BTC☀ , #CryptoMarketMoves , #CryptoNewss , #CryptoTransactions

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Three long-dormant Ethereum addresses suddenly became active, selling a large amount of ETH following a sharp increase in its price.
This week has brought a number of interesting developments to the crypto market. Among the highlights was the announcement of over 200 pro-crypto candidates running for various public offices in the United States, including the presidency.
The announcement contributed to a surge in the prices of cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH). Although ETH did not reach a new all-time high like BTC, it still climbed to nearly $2,900.
Ethereum Whales Awaken After 8 Years of Inactivity
The owners of three dormant Ethereum addresses took advantage of the recent price increase to sell off part of their ETH holdings. In total, these long-inactive addresses sold 44,706 ETH following the price surge.
ICO Whales Return After Years of Dormancy
Blockchain analytics platform Spot On Chain drew attention to two long-term ETH holders who sold a total of 33,701 ETH worth approximately $89.72 million.
The first transaction was conducted by an Ethereum ICO participant with the address "0xB8c." This address had been inactive since the ICO but reactivated when the ETH price approached $2,700. The user transferred 25,000 ETH to the Kraken exchange, where they sold it for $65.67 million at an average price of $2,627 per ETH. Despite this large sale, the user still holds about 64,450 ETH worth $181.2 million.
Another address identified by Spot On Chain, "0x0c1," had been inactive for 8.75 years before it sold over 8,000 ETH. This address had been dormant since April 2016, and with the recent ETH price surge, the whale sold 8,701 ETH for USDC, valued at $24.05 million. The address still holds 2,304 ETH (worth $6.49 million), realizing a profit of $30.48 million, representing a 68,900% return on investment.

Early Ethereum Investor Sells 11,005 ETH with 80,200% ROI
Another Ethereum whale with the address "0xd82," inactive for eight years, gained $30.56 million after selling 11,005 ETH at an average price of $2,777. Following this transaction, the address now holds zero ETH. Blockchain analytics platform Lookonchain indexed this transaction, noting that the whale has been a long-term ETH investor since 2016.
Back then, this whale acquired all 11,005 ETH via the ShapeShift platform at a price of $3.46 per unit, spending approximately $38,000. This trade earned the whale a profit of $30.52 million, marking an 80,200% return on investment.

Other Ethereum Whales Benefit from ETH Price Surge
Besides these major transactions, other Ethereum whales have also profited from the recent price increase. Currently, ETH is trading at $2,846, reflecting a 9.71% increase over the past 24 hours.

#etherreum , #ETH🔥🔥🔥🔥 , #cryptowhales , #CryptoTransactions , #Cryptocurrencies

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Unstoppable Domains has integrated with MetaMask wallet to enable cross-chain solutions for its domains. This integration will allow over 4 million users to conduct crypto transactions using readable domain names across 23 blockchains, simplifying wallet interactions.
In this article, we will explore the details of this partnership.
MetaMask: Cross-chain Domain Resolution for 4 Million Users
The crypto world has just witnessed a major innovation that could revolutionize how users manage their blockchain transactions. Unstoppable Domains, the world’s leading platform for blockchain domain names and digital identity, has announced its collaboration with #Metamask , one of the most popular crypto wallets.
This integration now allows users to utilize readable domain names for sending and receiving cryptocurrency across a wide variety of blockchains, greatly simplifying the process. MetaMask, developed by Consensys and used by millions worldwide, has now become even more user-friendly.
With the introduction of the new MetaMask Snap dedicated to Unstoppable Domains, users can replace long alphanumeric wallet addresses with simpler, more memorable domain names. This new feature enables crypto transactions across 23 blockchains, including #etherreum and other EVM-compatible chains.
This integration marks a significant shift in the user experience, simplifying the management of transactions across multiple blockchains.
More Accessible and Simplified User Experience
According to Sandy Carter, COO of Unstoppable Domains, this integration is an important step toward making #BlockchainTechnology accessible to a broader audience. "The Snap on MetaMask simplifies the process, reduces barriers, and allows users to fully utilize their digital identity across multiple networks."
The expansion of Unstoppable Domains on MetaMask enables the use of domain names such as .crypto for transactions on various blockchains. Previously, MetaMask only supported .eth domains on Ethereum, but with this innovation, users can now expand their operations beyond a single blockchain.
This move makes #Cryptocurrencies more accessible, even for beginners who are just getting familiar with the blockchain world.
Purpose of the Partnership: Widespread Adoption of Cryptocurrencies
Christian Montoya, product lead at MetaMask, said: "We are excited that Unstoppable is using Snaps to simplify and enhance the wallet experience for millions of users." This integration simplifies and makes cryptocurrency use more accessible to a wider audience.
Greater compatibility with domains and cross-chain functionality addresses one of the main challenges users face – complex wallet addresses. This move lowers barriers for new users, who can now more easily enter the world of cryptocurrencies.
What Do You Think About This Integration?
We'd love to hear your thoughts! How do you see the future of cryptocurrency transactions with the use of readable domain names? Do you think this integration will make cryptocurrencies easier to use for a wider audience? Share your thoughts with us in the comments below!
#CryptoTransactions

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“