If Bitcoin continues to rise, it will become unusable, and it will become inevitable to give Bitcoin a face value as a raw material!
If Bitcoin continues to rise, since Bitcoin transfers use Bitcoin as a handling fee, the handling fee will also rise accordingly. Assuming that Bitcoin rises 100 times, the handling fee will also rise 100 times. In the past two months, the average minimum handling fee for a Bitcoin transfer is between 7 yuan and 100 yuan. If Bitcoin rises 100 times, the handling fee will reach an average of 700 to 10,000 yuan. At that time, the Bitcoin network will become unusable, the Bitcoin ecosystem will also suffer a devastating blow, and the handling fee will become unacceptable!
If the price does not rise, as the output of Bitcoin is halved, it will become difficult for miners to survive, the total number of miners will decrease, leading to the concentration of computing power and an increased risk of#51attacks.
[A new era of Bitcoin security: 51% attack solution "Bitcoin par value system" is about to be implemented]
In the rapid development of blockchain technology, Bitcoin, as an industry pioneer, has always faced security challenges, especially the potential threat of 51% computing power attack. In order to fundamentally solve this problem, the Bitcoin community has undergone in-depth research and technological innovation, and is about to launch a revolutionary "Bitcoin par value system" to inject strong impetus into the security and sustainable development of the Bitcoin network.
Bitcoin Denomination System: A Milestone in Reshaping the Hashrate Landscape The core of this innovative solution is to introduce an innovative Bitcoin denomination system, which includes eight different denominations (10MM to 21MM). These denominations are inspired by Satoshi Nakamoto's Bitcoin halving mechanism and are closely integrated with global consensus, aiming to achieve effective decentralization and incentives for computing power through technical means. With the help of advanced brc20 (4_byte, 5_byte) and src20 technologies, the Bitcoin denomination system not only achieves the precise allocation of denomination rewards, but also promotes the optimization and reconstruction of computing power structure.
Let's sort out the basic information of #PEOPLEUSDT :
People was listed on OKx on October 1, 2021, and then on Binance on December 1 of the same year. Since its listing on Binance, the price of People has fluctuated and fallen all the way, which is equivalent to Binance users taking over the OKx users' orders. Although People has been listed on the exchange for a long time, there has been no big movement or noise.
In the currency circle, generally speaking, people prefer to play new tokens rather than old ones. However, this round of meme coin narratives is very hot and popular, and the upcoming US political election makes the origin and narrative of People more attractive. In the past week, the price of People has doubled, showing the strong momentum of the meme sector. #5月市场关键事件
ETF (Exchange Traded Fund) approval is usually conducted by relevant financial regulatory agencies, such as the U.S. Securities and Exchange Commission (SEC). For cryptocurrency-related ETFs, the application and approval process has experienced many twists and turns in the past few years. The SEC's focus on cryptocurrency ETFs is mainly on market manipulation, liquidity, and investor protection.
The possibility of ETF approval is high, but there is still some uncertainty. Taking into account market trends and regulatory environment, the probability of approval is predicted to be between 60% and 70%.
A round of rise, comments are flying all over the sky in an instant, do a good job of trend tracking, learn more, lose more for the sake of Tao!
Will the big cake concubine rise again?
Both the 4-hour level have stabilized, the steps are steadily moving upward, and the upward trend is very obvious. At present, the daily line has obviously released a huge amount, and the empty volume only occupies a small position. In summary, the restart of the bull market is very clear.
Pay special attention to ETH, it is likely to continue to rise and break through the previous high of 4093!
Risk control: BTC/breaks below 70000, ETH/breaks below 3660, need special attention
All trading orders must have stop loss! Stop loss can be appropriately relaxed! #以太坊ETF批准预期 #BTC突破7万大关 $BTC $ETH
519 was a historic drop, but yesterday was safe and sound, so it is useless to imagine. Pay attention to the volume and price, and the behavior of the market makers is clear at a glance! Last weekend, it was expected that the market would still be sideways, and the defense was 64688. Today, it pulled back to above 64688, and it remained sideways in 4 hours. The long and short sides were still in a stalemate, and the short volume did not increase significantly, but the short-term decline at the 1-hour level needs to be taken seriously. There are signs of weakening. Pay attention to whether the steps near 65800 can stabilize, and then make trading decisions!
⚠Risk control: Breaking below 65800 requires special attention.
⚠All trading orders must have stop losses!
2. Altcoin dynamics:
For the altcoin, it is not time to increase positions in the long term. Hold a maximum of 30% of the position and wait and see. Short-term risk warnings were issued last week. It is time to leave the market. Strong targets can still be held. Do a good job of tracking and stop profit!
What do you think of girls who don't prepare gifts for boys on 520?
1: Every boy is a little prince who is spoiled by his parents at home. You are like a flower stuck in cow dung. The flower is not ruined by you, but you take over the baton from our parents.
2: 520 is such an important festival. Not only are you unromantic and inattentive, but you also have no sense of responsibility.
3: Mountains of gold and silver are not as good as having a warm man at home. A man is the sea of Maldives, the aurora of Alaska, the fire clouds of St. Petersburg, and the treasure you get with all your luck in this life.
4: The little princes of other people's families show all kinds of transfers and gifts received in the circle of friends. What do you let your little prince show? Show the air you send every year?
It is a basic item for girls to take the initiative to give gifts to boys, not a bonus item. Our youth cannot be wasted. In the end, what we men want is not gifts, but your attitude! Attitude! Attitude! #btc
#ETH🔥🔥🔥🔥🔥🔥 It is not considered a breakthrough at present. The mid-term bullish structure has not yet emerged, and the short-term pressure is at 3133. If you want to go long in the mainstream, go for BTC. The bullish structure has not yet emerged, so don’t do it! ETH’s strong period is after breaking through 3300. It will not soar to the sky now! ! ! $$BTC $ETH #机构积极投资比特币ETF
What can we do when the macro economy is positive but the copycats haven't caught up yet?
Let's talk about#MemeTokensfirst. Recently, the growth of#pepe#bome has been very good. This year's retail investors are getting better and better! If we talk about meme, I am more optimistic about #SOLANA's meme toke. After all, sol has the best momentum in the public chain, and the star projects are relatively concentrated. The local dog leaders on sol can consider buying and holding for a long time! #RWAtrack has the support of large institutions, and there is basically no problem! And compared to DEPIN, RWA is more suitable for large institutions to enter the market and make narratives. The entry of large institutions must be supported by a big story environment, and RWA is very suitable. In addition, because of the background of being born in Silicon Valley, it is also very suitable for the appetite of American capital.
Coinbase Future will list ONDO, PYTH and ZETA perpetual futures on May 23.
AIT-AIT Protocol announced that the new token economics will be released this Friday.
ICP-Dfinity launched an updated roadmap.
LINK-Chainlink announced the results of the Smart NAV industry pilot with DTCC and 10 major financial institutions, providing mutual fund data on the chain.
PYTH-Pyth Network announced the launch of a 50 million PYTH ecosystem grant program.
RDNT-Radiant Capital announced the launch of its first LRT market weETH on Arbitrum.
VANRY-Virtua announced that the Gamers Lounge application will be launched soon, TON-Tether announced a partnership with the TON Foundation and Oobit to develop seamless crypto payment solutions. $BTC $ETH $BNB
#Ondo Jewish Capital CB’s own son, the investment lineup is beyond doubt Bitcoin in the cottage industry is expected to be listed on Binance spot It also showed super strong resistance in this market correction. It is worth holding!!! $BTC
Big events in the cryptocurrency world today! Today's CPI data will be released, which may determine the market trend. You must not miss these cryptocurrency news!
1. Traders are reducing their bets on the Fed's September rate cut, and Fed Chairman Powell also said that he does not think the next move is to raise interest rates.
2. Grayscale GBTC funds had a net outflow of $51 million on May 14. In terms of Meme coins, the market value of the coin of the same name GME has exceeded $100 million. A trader bought $30,000 of GME on the Solana chain, which is now worth $571,300.
3. There is also a whale address that exchanged all 206 million MEW for 55.8 million GME. After Roaring Kitty tweeted, a user bought GME in less than 10 minutes, and the current floating profit has reached 18 times!
4. In addition, there are a series of news in the cryptocurrency circle, including the Drift Protocol $DRIFT being added to Coinbase's roadmap, ArcBlock's AI engine update, Arweave launching a game launcher, Deutsche Bank participating in the MAS project, Celo DAO proposing to launch a Kenyan shilling stablecoin, etc.
The cryptocurrency circle is very lively, with various news emerging in an endless stream.
The CPI data will be released soon, and the market trend may change as a result. What do you think of these cryptocurrency events? Come to the comment section to share your thoughts!
The currency circle has happened early 🥇 2024-5-15 Wealth code, individual currency analysis, long and short ambush points...
BTC 4-hour K-line trend: Pressure level: 62307-63278 range Support level: 60363-61367 range
ETH 4-hour K-line trend: Pressure level: 3045-3164 range Support level: 2727-2861 range
Ethereum 4-hour cycle MACD has formed a bottom divergence pattern, and a small rebound can be made near 2864. The above analysis is for reference only! $BTC $ETH
Today's view: Bitcoin went sideways after a considerable rebound before the US released the April CPI. Although it once rose to the $63,000 mark, it still failed to stabilize above the previous high and is currently in the adjustment stage. So I think only if it breaks through the previous high of 63,000 again can we expect further increases.
At present, before the release of the US CPI, the main players in the market are mostly in a wait-and-see state, which may also form a box-shaped oscillation range.
The first resistance level during the day is 63,300, and the second resistance level is 64,000.
Looking at the 4-hour line, although the rebound of the big cake yesterday was a bit strong, it did not break the upper pressure, the pressure of the downward trend line, and the pressure of the 200-day moving average. They only started to fall after touching the pressure. The big cake fell below the 60,000 mark before, and the rebound failed to break the downward trend. In the short term, the big cake will continue to fall. The decline in the future market is very likely to refresh the short-term low, just washing the shorts in the process of falling. The falling range is still 60,000-58,500. It depends on whether the short-term support of 58,500 can hold up to a small rebound, or accelerate and directly fall below 56,552!
Don't be full, save bullets for receiving goods! Sol daily line looks at yesterday's pin-shaped positive line market standing on the middle track and short-term moving average, the Bollinger Bands are flat, the MACD fast and slow lines cross and extend upward, and the volume column is slightly increased, and KDJ turns upward. After four consecutive positives in the four-hour period, the price closed with two consecutive negatives and adjusted to the middle standard area to get support. The short-term moving average turned and the market is currently testing the resistance of the upper track. The MACD fast and slow lines crossed and touched the 0 axis. If it can cross strongly, the rising volume will continue.
Overall, the short-term market still has the momentum to continue to test upward. After the four-hour K-line pattern has a double bottom, the key resistance above is 159. If this price is broken, it will test the second resistance of 165, the first support below is 145, and the second support is 140. Short-term intervention can refer to the range.
The US stock GameStop reached 40 dollars before the market today, and it may jump higher at the opening of the evening. The heat is higher than 00 now, and the GameStop sector will come out soon! $SOL $BTC