đ No one would have expected that @XAI_GAMES would top the L2 and L3 activity charts with 93 TPS! đ
đč @Galxe and its new product @GravityChain are in 4th place with 31 TPS đč @arbitrum is in 5th place and @Optimism is in 11th place đč @zksync is in 20th place
TPS stands for "Transactions Per Second". It is a measure used in the blockchain world to determine the speed at which a particular network can process and complete transactions. The higher the number, the faster the network is at processing transactions, reflecting higher performance and efficiency. #XAIUSDT $XAI
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USDT is consolidating inside an ascending triangle, facing rejection at the horizontal supply zone. The 200 moving average is providing strong support, allowing Dominance to recover. Further consolidation within the pattern is expected.
A break above the triangle could lead to bullish momentum in Dominance. However, a downward move in USDT.D would act as a bullish signal for the broader crypto market due to its inverse correlation. Keep a close eye on this key level #CPI_BTC_Watch #CryptoMarketMoves
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The S&P 500 is forming a double top pattern and is currently pulling back from the second top. The 21 moving average is acting as resistance above the current price action, while the Ichimoku cloud is providing support.
If the price breaks the neckline of the pattern, we could see further declines in the S&P 500.
The Impact of Nonfarm Payrolls Revisions on the US Economy: Are We Headed for a Recession?
The Nonfarm Payrolls Revision Reveals a Significant Decline in Economic Growth. Are These Revisions an Early Sign of a Global Economic Downturn? And What Are the Potential Macroeconomic Impacts? Letâs Discuss How This Will Impact Unemployment, Inflation, and Monetary Policy.
â@Injective introduces the first tokenised index for BlackRockâs BUIDL Fund, a perpetual index product that tracks the supply of the BUIDL Fund itself.
Users can now access the fund with the lowest fees and fastest speeds in #crypto.
dappOS is an innovative Web3 project that aims to simplify user interaction with decentralized applications (dApps). With its âintention assetsâ design, users can easily achieve their goals without the need for technical skills, while the platform manages the complexities of transactions seamlessly.
dappOS provides a unified account system for managing assets across different blockchains, with instant and more flexible interaction with applications. It also features seamless integration with multiple blockchains and strong partnerships with leading companies such as Binance and Polychain Capital.
With its focus on ease of use and solving Web3 challenges, dappOS has the potential to be a key player in driving the adoption of decentralized technologies. $LINK
Bitcoin continues to trade within a descending triangle, currently holding above a key horizontal demand area. The 200-day moving average acts as resistance just above the triangle.
A breakout from this pattern could signal a reversal of the uptrend. However, if the price breaks through the demand area and confirms the breakdown with a retest, it could lead to further market declines.
Cryptocurrency Power: WLD, Wormhole (W), and Manta
Some cryptocurrencies are gaining traction in the market, and could be the dark horses in the upcoming race to the top. Among these promising currencies are Worldcoin (WLD), Wormhole (W), and Manta.
#Worldcoin (WLD) Worldcoin seeks to provide a global digital identity based on the blockchain, allowing its users to obtain a reliable and secure identity on the digital level. This project is unique in its kind, and is likely to play a pivotal role in the world of Web 3.0, which could drive the value of the currency to significant heights as its uses increase.
#Wormhole (W) Wormhole is an interoperability protocol between different blockchain networks, allowing assets and information to be transferred across different networks easily and securely. Wormholeâs strength lies in providing innovative solutions to improve the interaction and integration of different blockchain networks, which could increase its value as the demand for interconnected operational solutions increases.
#Manta Manta is distinguished by its focus on privacy and protecting user data in digital transactions. The project provides innovative solutions to hide identity and secure transactions on blockchain networks, which puts it in a strong position to benefit from the growing interest in privacy in the digital world. #USDataImpact #NFPWatch
đ Cryptocurrency Market Update (2024-09-04): Global cryptocurrency market cap drops to $1.99 trillion, down 3.88% in the past 24 hours, according to CoinMarketCap data.
đ Bitcoin (BTC) Update: BTC is currently trading at $56,737, down 3.63% in the past 24 hours. Prices have fluctuated between $55,606 and $59,350.
đ Top Gains: Despite the general decline, some cryptocurrencies are making gains. Winners include $DATA (+14%), $IDEX (+7%), and $QUICK (+7%).
đ° Top News: QCP Capital reports volatility in Bitcoin and Ethereum indices. đGrayscale sees potential for Bitcoin amid dollar weakness
Ripple CEO expects SEC chairman to leave after 2024.5/6 elections
đ° BlackRock becomes largest
institutional holder of Bitcoin
US bond yields expected to continue rising
Nvidia faces market cap loss due to antitrust probes
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Where are we in the market? The green line is the current Bitcoin cycle The rest of the lines are the rest of the past years Each line represents a price cycle from after the haveng or split to the end of the bull market Be patient, my friend #CryptoMarketMoves #BNBChainMemecoins #PowellAtJacksonHole $BTC $ATA $APE
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