#LTC will be halved on August 2, 2023, which is about two months away. Historical data shows that LTC usually reaches a peak price rise one month before the halving. Here are some bullish views on LTC:
1. Starting from May this year, the handling fees, transaction volume, and usage rate of the LTC network have increased significantly, which may be related to LTC20.
2. The CFTC classifies LTC as a commodity. Compared with other ALTcoins, LTC has lower regulatory risks.
3. According to Wu Shuo, LTC is the cryptocurrency second only to BTC and ETH, and is included in the most varieties in traditional indices. This affects Hong Kong’s recognition standards for cryptocurrencies. In other words, if Hong Kong’s bill really helps cryptocurrencies significantly, LTC will definitely benefit from it.
4. According to technical analysis, LTC has performed relatively strongly recently relative to #BTC and #ETH .
Although the ETH Foundation has several records of selling #ETH at the local top, it has also sold several times before the rally. The market may have overreacted to this news, causing ETH to fall back to its recent gains. In fact, there are several opinions Worth paying attention to:
1. The amount sold by the ETH Foundation is only approximately equal to the amount of ETH burned by the ETH network in one day.
2. The current daily ETH burn volume is as high as 7 times the production (due to the high usage of the ETH network).
📍Curve Finance deployed the local stablecoin crvUSD on the Ethereum mainnet
▪️ Curve is one of the decentralized stablecoin trading markets with an asset size of approximately US$5 billion, but because many competitors are issuing or developing local stablecoins, Curve’s stablecoins will face fierce competition.
▪️ The scale of the crvUSD stablecoin released by Curve is unclear compared to other DeFi protocols such as Aave and MakerDAO, but it has been reported that a total of $20 million worth of crvUSD tokens have been minted.
▪️ The crvUSD stablecoin is not yet publicly available as it is not yet integrated into Curve’s user interface, but the administrators of the official Telegram channel say this will be resolved soon.
News about Mt. Gox and US government wallet transfers appear to be false. Here are some dashboards organized so that you can confirm the tracking yourself later.
1. Storage usage has accelerated, with active storage transaction volume increasing by 75%.
2. Storage capacity decreased by 13%, but storage utilization increased by 105%.
3. #FIL Fee income increased by 5% month-on-month.
4. Supply-side income includes block rewards, storage transaction payments, and "tips" for accelerating transactions.
5. The average storage volume increased by 75% month-on-month, and the daily new transaction volume increased by 14% month-on-month.
6. The Filecoin Virtual Machine (FVM) has been launched, more than 440 contracts have been deployed, and nearly 44,000 transactions have been generated.
Filecoin is poised to become an important provider of decentralized storage and cloud services.
(Litecoin) #LTC There are 110 days until the halving on August 2, 2023. The current price has risen from $65 to $95, and according to chart analysis, it is very likely to break through $100.
The first halving increased by 700%, and the bottom was approximately 138 days before the halving.
The second halving increased by 450%, and the bottom was approximately 233 days before the halving.
The current bottom is about 368 days away from the halving, which is exactly one hundred days longer than the previous halving. How much will it rise this time?
*The picture is a log chart, which is easy to label, otherwise the price gap will be too large.
📍SushiSwap will launch a claims website for SUSHI token holders
▪️ The community voted in favor of a "take back" proposal requiring token holders to either claim issued SUSHI tokens or give them up
▪️ The Merkle Distributor contract currently holds Sushi LP Token rewards to provide early liquidity providers to claim SUSHI tokens issued in October 2021
▪️ Leader Jared Gray proposed using millions of dollars from SushiSwap’s reserves to provide legal defense for himself and the protocol’s key developers against potential regulatory action
▪️ The deadline for claiming is 13:00 UTC on April 23rd, unclaimed tokens will be transferred to SushiSwap’s reserve
Ethereum ETH Shanghai Upgrade Viewpoints and Tools Integration
Ethereum #ETH Shanghai upgrade will arrive in about 8 hours
This post compiles some ideas and useful tools, including the following:
Upgrade content introduction
Possible impacts after upgrading
LSD Project Concern
Monitoring tools
Shanghai upgrade content:
EIP-3651: Warm COINBASE
EIP-3855: PUSH0 instruction
EIP-3860: Limit and meter initcode
EIP-4895: Beacon chain push withdrawals as operations
EIP-6049: Deprecate SELFDESTRUCT
The most concerning of which is
EIP-4895: Open staking withdrawals
The first thing you need to know about open withdrawals is that there are full withdrawals and partial withdrawals. Partial withdrawals only withdraw the income, and full withdrawals are made by exiting the validator node. Currently, most people assume that all the income will be withdrawn. Because there is no profit in keeping it.
▪️ Ethereum is about to complete the upgrade, and users are allowed to withdraw their ETH.
▪️ After the Shanghai upgrade, it may take several weeks to withdraw the pledged Ethereum, which may cause users to wait for several weeks to get their funds back.
▪️ In theory, it takes about five days to process all withdrawals, but demand will certainly extend the timeline.
▪️ At present, more than 18 million ETH has been staked and locked on 564,000 validators in Beacon Chain, and the annual rate of return for validators is 4.4%, providing interest-like returns.
▪️ Even if there is a large amount of ETH eager to withdraw, most of it may be re-staked so that holders continue to receive rewards.
▪️ XRP has an MA cross for the first time this year, and it is a golden cross. The last time was in October 2022.
▪️ A golden cross is a bullish indicator when the short-term moving average crosses the long-term moving average. XRP MA50 has crossed MA200, confirming the appearance of the golden cross.
▪️ XRP rose for most of March, hitting as high as $0.589, but has fallen sharply recently, falling 9.75% in seven days.
▪️ A golden cross may not be an absolute signal, as the coin may be overbought and need a correction.
▪️ There is another interesting pattern on the XRP daily chart: the bull flag pattern, which is a continuation pattern.
▪️ The XRP Golden Cross formed in October 2022 was invalidated due to the adverse impact of the FTX collapse on the market.
Here are some of my thoughts on the EVM rollout on #EOS :
1. The benefits of adding EVM compatibility include: EVM developers can easily deploy applications on $EOS without rewriting code, and can bridge assets between EOS and EVM-compatible blockchains for better liquidity.
2. EOS’s EVM runs on EOS smart contracts. The advantage is that EVM can be upgraded independently without updating the entire EOS network.
3. The disadvantage is that some efficiency may be sacrificed, but the founder of EOS claims that the exchange rate can reach 800 times per second (the accuracy of this data is unclear).
The first halving increased by 700%, and the bottom was approximately 138 days before the halving.
The second halving increased by 450%, and the bottom was approximately 233 days before the halving.
The current bottom is about 368 days away from the halving, which is exactly one hundred days longer than the previous halving. How much will it rise this time?
*The picture is a log chart, which is easy to label, otherwise the price gap will be too large.