BTC Miners Increase Earnings With Fractal Bitcoin Mining
Mining Pools Reap Rewards as Fractal Bitcoin Generates Returns Alongside Btc Subsidy
The blockchain protocol Fractal BTC continues to harness 226.19 EH/s of merged mining hashpower from the Bitcoin blockchain to fuel its sidechain. Additionally, 18.1 EH/s of permissionless mining bolsters the networkâs operations.
Onchain data shows that so far, a total of 40,354 Fractal Bitcoin blocks have been mined, with around 2,068,925 FB tokens in circulation. Each FB is currently trading at $12.91, bringing the total market value to $26.8 million.
This market valuation places FB in the 674th position among the more than 10,000 crypto asset market caps. Mining metrics show 103.4 EH/s of Fractal Bitcoinâs merged mining hashpower comes from unknown bitcoin miners.
The mining pool giant Antpool dedicates 82.34 EH/s to Fractal Bitcoin out of its 170.74 EH/s allocated to the Bitcoin network. In addition to that contribution, F2pool contributes 25.48 EH/s, and Spiderpool dedicates 7.72 EH/s to Fractal btc
Permissionless mining pools supporting the network include F2pool, Spiderpool, Maxipool, Moonx, Solo Fractal, and Fairpool. Currently, 32.3% of the 2 million FB tokens in circulation are held by the top five wallets showing a high level of concentration.
The largest wallet alone controls 15.7%, with all five addresses holding a combined total of 668,631.54 FB. While FB is priced at $12.91 per coin, just last week on Sept. 15, 2024, it reached $38.80 before falling by more than 61%.
While thereâs 2 million coins in circulation, FBâs supply will continue to grow. With a max supply of 200 million FB, the fully diluted valuation would increase to $1.3 billion using current FB exchange rates.
In the past 24 hours, FB saw $18.79 million in global trading volume, accounting for only 0.03523% of the $53.352 billion traded throughout the entire crypto market. Despite the recent dip, mining pools are cashing in some extra income by mining the sidechain alongside Bitcoin.
$BTC
{future}(BTCUSDT)
#BTCâ #BTC500K
Total Liquidations on 22nd September 2024.
In the past 24 hours, 65,916 traders were liquidated. the total liquidations comes in at $171.55M
âą The largest single liquidation order happened on Binance-
ETH value $2.73M
#Write2Earn!
Ethereum co-founder Vitalik Buterin has revealed that he still needs to solve at last two major issues â governance and membership â to make his âpopup cityâ or ânetwork statesâ concept workable.
Speaking at the Network State Conference 2024 in Singapore on Sept. 22, Vitalik Buterin explained the theory behind ânetwork statesâ â a movement where online communities come together to form physical communities and seek political autonomy.
The mathematician reflected on his experiment called Zuzalu for which involved bringing 200 people from the Ethereum community, crypto executives, biotech entrepreneurs, and scientific researchers into Montenegro from March to May 2023.
The goal was for people to work together to solve collective problems like human longevity.
âBring these people together for 60 days, try to be a city, and then see what happens,â said Buterin.
He said that people enjoyed the experience, which involved healthy eating, cold plunges, and lots of yoga, and that the human element was crucial. However, he added that it was âunclear what immediate next step Zuzalu implied,â and governance issues were not solved.
Buterin explained that these states could have their own regulations that serve their citizens and could reject over-regulation that stifles progress (as seen in the West), however, it was not clear from the experiment how to proceed with implementing them, he said.
đNEUTRAL: $ETH (1D)
Analysis:
On the daily timeframe, ETH has found strong support and bounced towards the daily EMAs. A key level to watch is the upper orange line, which could confirm further upward movement or a possible rejection and return to the support zone.
Price Targets:
If ETH breaks above the resistance at $2,903, a move toward $3,000 is possible. If rejected, look for a retest of the support zone around $2,475. Keep an eye on these levels!
$ETH #DODOEmpowersMemeIssuance #DYOR
{spot}(ETHUSDT)
$SLF /USDT
In trading, understanding support and resistance levels is essential for making informed decisions. These levels are key price points where a stock or asset has a tendency to reverse or stall, influencing market direction.
A support level is a price point where an asset tends to find buying interest, preventing it from falling further. It acts as a floor that prices bounce off from, signaling traders to buy or hold a position. When an asset drops to a support level and holds, it can indicate that the asset is undervalued, prompting buyers to step in.
On the other hand, resistance levels are areas where selling interest is strong enough to prevent the price from rising further. These levels act as ceilings, capping upward movement. When the price reaches resistance, traders often take profits, expecting the price to reverse or stagnate.
Spotting support and resistance levels helps traders predict potential entry and exit points. When these levels are broken, it can signify a trend change: a break above resistance might indicate further upside, while a break below support could signal more downside movement. Mastering these concepts is crucial for successful technical analysis and risk management in trading.
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR #FOMC
{spot}(SLFUSDT)
đŸ $DOGS
{spot}(DOGSUSDT)
/USDT Update đŸ
đ Current Price: $0.0008426 (-9.46%)
đ 24H High: $0.0009319 | Low: $0.0007956
đ 24H Volume: 86.548 DOGS / 0.0007956 USDT
đ Moving Averages:
MA(7): $0.0008662
MA(25): $0.0009273
MA(99): $0.0009999
đ Market Depth:
Vot: 1.85B DOGS
MA(5): 14.83B DOGS
MA(10): 10.82B DOGS
đ Indicators: MA, EMA, BOLL, SAR, AVL, VOL, MACD, RSI, KDK
Stay ahead of the pack with the latest on DOGS/USDT! đđč #Binance #Crypto #DOGSUSDT #MemeCoin
$SUI is near to hit previous resistance at 2.50đ„đ„
Current Update: SUI has seen a significant surge, rising 6.3% to 1.5535.
Technical Analysis:
- Trend Reversal: The recent upward movement indicates a potential trend reversal, shifting from a bearish to a bullish trajectory.
- Momentum Indicators: The Relative Strength Index (RSI) shows an uptick, suggesting increased buying pressure and momentum.
- Support Levels: The stock has successfully tested and held above its immediate support level, paving the way for further gains.
Fundamental Analysis:
- Market Sentiment: Investor confidence is on the rise, driven by positive market sentiment and sector-specific tailwinds.
- Growth Prospects: SUI's underlying fundamentals, such as revenue growth and strategic initiatives, support its upward potential.
Next Target: Based on technical and fundamental analysis, the next significant target for SUI is around 2.50, representing a substantial increase from its current level. This target is supported by:
- Resistance Breakout: A clear breakout above the resistance level could propel the stock towards 2.50.
- Bullish Patterns: Emerging chart patterns, such as the inverse head and shoulders formation, suggest a bullish outlook.
Key Levels to Watch:
- Support: 1.40
- Resistance: 2.20
- Target: 2.50
Recommendation:
- Long-term Investors: Hold and accumulate, with a focus on the 2.50 target.
- Short-term Traders: Consider taking profits at 2.20 and reassessing for re-entry.
#NeiroOnBinance #KryptoAlchemy #SUIđ„ #Token2049 #BinanceLaunchpoolHMSTR
Crypto and traditional markets are buzzing! đ Bitcoin holds strong at $64K, while Solana shows mixed results but stays resilient. Gold hits new highs, driven by FED rate cuts and geopolitical tensions, with Bitcoin rallying alongside it. The correlation between crypto and US stocks, especially the S&P 500, is at an all-time high, showing how interconnected markets have become. Meanwhile, the yen slips against the dollar, highlighting global economic contrasts. With the FED easing rates, Bitcoin and altcoins like Solana are poised for more gains. Exciting times ahead for investors! #Crypto #Stocks #Investment
**Crypto and Traditional Markets Show Dynamic Shifts**
The financial landscape is experiencing notable fluctuations, with both crypto and traditional markets displaying significant movements. Bitcoin (BTC) has stabilized at $64K, reinforcing its dominant position. Meanwhile, Solana and other altcoins exhibit mixed performance, contributing to the market's overall activity. Despite volatility, Bitcoin's dominance is underscored by substantial inflows into BTC ETFs.
**Gold and Crypto Rally Amid FED Policies**
Gold has reached new highs, driven by Federal Reserve rate cuts and geopolitical tensions. Bitcoin, often dubbed digital gold, has mirrored this trend, surging alongside gold. The FED's easing policies are propelling both traditional and digital assets to unprecedented levels, offering investors diverse options for asset diversification.
**Crypto's Growing Correlation with US Stocks**
The correlation between crypto and the US stock market, particularly the S&P 500, is nearing record highs. This linkage indicates that macroeconomic factors, such as FED decisions, are increasingly influencing digital assets. Bitcoin and altcoins are now integral to the broader financial ecosystem.
**Yen's Decline and Bitcoin's Ascent**
The Japanese yen is weakening against the US dollar, influenced by contrasting central bank policies. As the yen declines, Bitcoin gains traction as an alternative store of value. This trend highlights the varying responses of global economies to monetary policies.
**Future Outlook for Crypto**
The outlook for crypto remains optimistic, with predictions of Bitcoin reaching new highs by year-end. Solana and other altcoins are expected to benefit from this upward trajectory. The competition between digital and traditional assets is intensifying, signaling that crypto is firmly entrenched in the financial mainstream.