According to reports, Ethereum developers are in the final stages of planning the next major upgrade.

The EIP-4844, which introduces “Proto-Danksharding” to Ethereum, is expected to occur during the Cancun hard fork.

The Ethereum roadmap remains extensive with several significant upgrades still in the pipeline. Over the next six months, Ethereum has planned upgrades to staking withdrawals, as well as various new applications that will enhance the blockchain’s security and provide a better user experience.

With the implementation of Proto-Danksharding, a new feature called “data blobs” will be introduced. These blobs can be sent and attached to blocks, but they are not accessible to the EVM and are automatically deleted after a fixed period of time. This will enable rollups to send data at a reduced cost, resulting in lower transaction fees for users.

Another new development users and engineers are planning is what is known as Distributed Validator Technology (DVT). Crypto staking ecosystem provider Obol Labs is working on a DVT solution that it plans to deploy by 2024.

The third milestone involves proposer-builder separation (PBS), which aims to address MEV attacks (maximal-extractable-value). PBS aims to create a “division of labor between two crucial tasks of block-building: proposing a block, and building it,” Bankless further explained.

How does Ethereum Governance Work?

Typically, ideas in the Ethereum community originate from lively discussions on forums such as ethresear.ch, Ethereum magicians, or the ETH R&D discord server.

These conversations might arise in response to newly identified vulnerabilities, proposals from application layer organizations such as dApps and exchanges, or even to address known user frictions such as high costs or slow transaction speeds.

Once these ideas have matured, they may be submitted as Ethereum Improvement Proposals (EIPs) and are subject to public scrutiny. This ensures that the entire community has an opportunity to provide input at any point in the process.

At press time, Ethereum (ETH) traded at $1,894.77 with a 24-hour low/high range of $1868.6 to $1915.

Ethereum Weekly Price Chart (Source: CoinMarketCap)

Over the past seven days, the low/high range has remained consistent at $1,870.41 to $1,919.17. The trading volume stands below $7 billion, and Ethereum holds a market cap of $228 billion, exhibiting a market dominance of 18.344%. Since the implementation of the Shapella upgrade, Ethereum has outperformed Bitcoin by 15% in gains.

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Dogecoin Surges on Social Engagement Linked to Elon Musk’s Twitter Posts

Dogecoin (DOGE) has seen significant price movements in April, with gains directly linked to tweets from Tesla CEO Elon Musk. While this social engagement has been positive, the technical structure of DOGE suggests that a retracement could be likely. However, Bitcoin’s potential rally could keep DOGE’s price surging higher.

Elon Musk’s Twitter Posts Boost DOGE’s Social Engagement

Lack of Buying Pressure Behind DOGE Suggests Retracement

Bullish Order Block Remains Unbroken

Increased Selling Pressure Highlighted by Decreasing Coin Age

Potential for DOGE’s Surge to Continue with Bitcoin’s Rally

Elon Musk’s Twitter Posts Boost DOGE’s Social Engagement:

DOGE’s social engagement surged on two separate occasions in April, both directly linked to tweets from Elon Musk. Musk offered 1 million DOGE to anyone who could prove they owned an emerald mine, resulting in a 4.9% gain in DOGE. His announcement of changing the Twitter logo to the Shiba Inu dog saw DOGE shoot upward by 30%.

Lack of Buying Pressure Behind DOGE Suggests Retracement:

While the technical structure of DOGE remained bullish on higher timeframes, there was a lack of buying pressure behind the meme coin. The bearish order block at $0.095 has yet to be broken, and the OBV sank extremely deep after the brief foray above $0.1. This divergence means that buyers should be cautious, and sellers can wait for a break in structure on lower timeframes before entering short positions.

Bullish Order Block Remains Unbroken:

DOGE has formed a series of higher lows and higher highs since its recovery above $0.072 on 14 March. The $0.07 area has been flipped to support once again, and the OBV showed some demand from March to early April. The bulls briefly held above $0.1, but sellers soon began to dominate.

Increased Selling Pressure Highlighted by Decreasing Coin Age:

Santiment data shows that the 90-day mean coin age has slowly slid downward since mid-March, highlighting increased selling pressure due to heightened activity in coin transfers on the network. However, the 30-day MVRV ratio remains close to zero and does not indicate a threat from profit-takers. Daily active addresses have increased in the past two weeks, especially after Elon Musk replaced the Twitter bird icon with a Shiba Inu dog.

Potential for DOGE’s Surge to Continue with Bitcoin’s Rally:

Bitcoin could continue to rally toward $32k or higher, which could cause DOGE to surge higher as well. This potential rally should be kept in mind by bears seeking to enter short positions.

Conclusion:

While DOGE has seen significant price movements due to social engagement linked to Elon Musk’s tweets, the lack of buying pressure and increased selling pressure suggests a potential retracement. However, Bitcoin’s rally could keep DOGE’s price surging higher, and sellers should wait for a break in structure on lower timeframes before entering short positions.

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Bitcoin is a digital asset that has garnered much attention in recent years due to its high potential for returns on investment. The cryptocurrency market can be volatile, and predicting future price movements can be challenging. However, there are technical analysis tools that can help investors identify trends and make informed investment decisions. The Power Law Corridor is one such tool that has been gaining popularity in the crypto world.

The Power Law Corridor is a charting tool that plots two parallel lines, the blue and red lines, on a logarithmic scale. The blue line represents the lower boundary of the price range, while the red line represents the upper boundary. When Bitcoin crosses the blue line to the upside, it is usually a matter of 1 to 2 months before it reaches the red line.

Currently, the red line of the Power Law Corridor is at $50,000. This indicates that if Bitcoin continues its upward trend and crosses the blue line to the upside, it has the potential to reach the $50,000 price point in the near future. This is a key takeaway for investors who are considering investing in Bitcoin.

Investing in Bitcoin requires careful consideration and analysis. It is important to be aware of the risks involved and to consult with a financial advisor before making any investment decisions. However, for those who are willing to take the risk, investing in Bitcoin can be a lucrative investment opportunity.

In conclusion, the Power Law Corridor is a powerful tool in technical analysis that can help investors identify trends in the cryptocurrency market. According to this tool, Bitcoin has the potential to reach $50,000 in the near future. However, it is important for investors to do their due diligence and seek professional advice before making any investment decisions.

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BNB/USDT Technical Analysis: Expecting a Bottom of $100-$120 in This Bear Market

Binance Coin (BNB) is currently trading at $334, up 82% from its recent bottom. However, the coin's all-time high (ATH) in 2021 was $700, which it has not yet recovered from. Based on the weekly chart, a bearish flag is forming, and therefore, the analyst is bearish on the coin's short-term prospects.

The biggest supply zone for BNB is currently between $350-$400. If the coin breaks this resistance level, the analyst becomes bullish. According to their analysis, BNB will hit $400 before the next leg down, after which a new low/bottom will be formed. They expect the bear market bottom to be around $100-$120, after which a strong bounce can be anticipated.

The analyst's long-term outlook for BNB is bullish due to the bull flag forming in the weekly chart. They predict that in the next bull run, BNB will reach $1500-$2000. However, they note that every time the BNB bull market begins, it starts from the 0.5-0.618 fib retracement level, which has not yet occurred in the current market. The 0.5-0.618 fib retracement level for the current market is around $95-$140, which the analyst believes will be the best accumulation area.

In conclusion, this is the personal analysis of the analyst, and it is not financial advice. Investors are urged to do their own research before investing in any coins. The takeaways from this analysis are that BNB is expected to hit $400 before a new low is formed, and the bear market bottom is expected to be around $100-$120. In the long term, the analyst is bullish on BNB and predicts it will reach $1500-$2000 in the next bull run.

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Fan tokens of football clubs like Barcelona and Manchester have made a comeback with 262% weekly gains in OG coin. 

Lawyer Liu Yang told Chinese journalist Wu Shuo that Hong Kong-based trading circles are likely driving the price rally in fan tokens. 

Similar traders were involved in the release of OKLink’s stablecoin USDK and Tornado Cash’s TORN price rally. 

Fan tokens or digital assets that offer exclusive benefits to fans of football clubs have yielded double-digit gains to holders over the past week. OG Fan token (OG) offered 262% gains to holders over the past week alongside Manchester City Fan Token (CITY), FC Barcelona Fan Token (BAR) and Juventus Fan Token (JUV). 

Wu Shuo, a Chinese journalist reported on the massive price rally in OG Fan Token that yielded 262% gains for holders over the past week. The rally in OG triggered a large-scale interest spike in fan tokens of Football clubs, such as CITY, BAR, and JUV among others. 

The total market valuation of these tokens increased by 16.2% over the past week

What is driving the price rally in fan tokens?

Lawyer Liu Yang told journalist Wu Shuo that the rally may be related to the behavior of trading circles. Yang noted that the people involved in the trading circle are related to the platform OKLink that was engaged in releasing the stablecoin USDK of the platfor

Similar traders operated Tornado Cash’s TORN token and lawyers warned users to be aware of risks involved in short-lived price rallies. The gains in fan tokens are likely to be unsustainable with the involvement of a small group of traders that fuel rallies in different tokens. 

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Cryptocurrencies have been around for over a decade now, and while they have seen impressive growth, they have also had their fair share of challenges. One of the major challenges that have plagued cryptocurrencies like Ethereum is scalability. Ethereum 2.0, also known as Shapella, aims to address this and other issues by introducing new features that will enhance its capabilities. This article explores the benefits that Ethereum 2.0 Shapella will bring to the crypto space.

What is Ethereum 2.0 Shapella?

Introduction to Ethereum

Ethereum is a decentralized, open-source blockchain-based platform that enables developers to build and deploy decentralized applications (DApps). It was created in 2015 by Vitalik Buterin and has since become one of the most widely used blockchain platforms in the world. Ethereum's native currency is Ether (ETH), which is used to pay transaction fees and incentivize network participants.

The Need for Ethereum 2.0

One of the major limitations of Ethereum is scalability. Ethereum's current architecture can only process up to 15 transactions per second, which is significantly lower than the transaction throughput of traditional payment systems like Visa and Mastercard. Ethereum 2.0 aims to address this limitation by introducing a number of new features that will improve its scalability, security, and sustainability. Ethereum 2.0 will be implemented in multiple phases, with Shapella being the first phase of the upgrade.

How Ethereum 2.0 Shapella Will Improve the Crypto Space

Enhanced Scalability

Shapella introduces a new consensus mechanism known as Proof of Stake (PoS), which replaces the existing Proof of Work (PoW) consensus mechanism. PoS is more energy-efficient and allows validators to participate in the network without having to perform complex calculations like those required in PoW. This makes it possible to achieve higher transaction throughput while using less energy.

Improved Security

Ethereum 2.0 Shapella also introduces new security features that enhance the overall security of the network. One of these features is the use of shard chains, which break down the network into smaller, more manageable parts. This reduces the risk of a single point of failure and makes it more difficult for hackers to attack the network.

More Sustainable

Ethereum 2.0 Shapella also introduces improvements in sustainability. The new PoS consensus mechanism requires less energy to operate, which makes it more environmentally friendly than PoW. This is an important consideration given the growing concern over the impact of cryptocurrencies on the environment.

Increased Interoperability

Shapella also introduces improvements in interoperability. The new version will allow for better communication between different blockchain platforms, making it easier for developers to build decentralized applications that can communicate with other platforms. This will make it easier to create more complex DApps that can operate across different blockchain platforms.

Better User Experience

Ethereum 2.0 Shapella also introduces improvements in the user experience. The new version will make it easier for users to participate in the network by allowing them to stake their ETH and earn rewards. This will encourage more people to participate in the network, which will help to further decentralize the network and increase its security.

Conclusion

Ethereum 2.0 Shapella represents a significant upgrade for the Ethereum network. The new features that it introduces will improve the scalability, security, and sustainability of the network, making it a more robust and reliable platform for developers and users alike. As the crypto space continues to evolve, Ethereum 2.0 Shapella will play an important role in shaping its future.

Staking and mining are two popular ways of earning cryptocurrencies, but which one is more profitable? In this article, we will compare staking and mining and explore their differences, advantages, and drawbacks.

Staking is a process where users lock up their cryptocurrencies to support a blockchain network's operations. In return, they receive rewards proportional to the amount they have staked. Staking is a passive income source that requires minimal effort and no specialized hardware.

On the other hand, mining involves validating transactions on a blockchain network using specialized hardware, such as ASICs or GPUs. Miners compete to solve complex mathematical problems to add new blocks to the blockchain and receive rewards in return. Mining is an active income source that requires a considerable upfront investment in hardware and electricity.

One significant advantage of staking is that it requires a lower initial investment than mining. Anyone can participate in staking with a small amount of cryptocurrencies, while mining requires a high-end computer or specialized hardware, which can be expensive.

Staking also consumes much less energy than mining, making it a more eco-friendly option. Mining requires a lot of electricity to power the specialized hardware, which has led to concerns about its environmental impact.

However, mining can be more profitable than staking in some cases. The rewards for mining can be higher than staking, especially in the early stages of a blockchain network's development. Additionally, mining allows users to earn transaction fees, which can be substantial in popular blockchain networks like Bitcoin.

Staking, on the other hand, is more predictable than mining since the rewards are fixed and known in advance. Staking rewards also do not depend on the competition, unlike mining rewards, which are subject to the difficulty of the mathematical problem to be solved.

In summary, staking and mining are two different methods of earning cryptocurrencies, each with its advantages and drawbacks. Staking is a passive income source that requires minimal investment and energy consumption, making it more accessible and eco-friendly. Mining, on the other hand, requires a significant upfront investment in specialized hardware but can be more profitable in certain circumstances, especially in the early stages of a blockchain network's development.

Ultimately, the choice between staking and mining depends on an individual's goals, risk tolerance, and resources. Users should research and compare the potential returns, risks, and costs of staking and mining before deciding which method to pursue.#eth2.0 #cpi #beth #shapella #originalcontent

BTC/USDT 4H Chart Analysis: Bearish Divergence Indicates Possible Retracement

Bitcoin is currently trading at $30500 against the USDT. A 4-hour chart analysis indicates the possibility of a retracement due to the bearish divergence and RSI bearishness. This article will provide a detailed analysis of the 4-hour chart and highlight the support and resistance levels to watch out for.

4H Chart Analysis:

The 4-hour chart of BTC/USDT shows bearish divergence, indicating a potential retracement. The last 4-hour candle has also closed, indicating a possible continuation of the retracement. The Relative Strength Index (RSI) is also bearish, adding to the probability of a downtrend.

Support and Resistance Levels:

Based on the 4-hour chart analysis, the support levels to watch out for are $29929 and $29071. On the other hand, the resistance level is at $30650. These levels should be monitored closely as they will determine the direction of the market.

Takeaways:

The 4-hour chart analysis of BTC/USDT shows bearish divergence.

The RSI is bearish, supporting the possibility of a downtrend.

The support levels to watch out for are $29929 and $29071, while the resistance level is at $30650.

Conclusion:

In conclusion, the 4-hour chart analysis of BTC/USDT indicates the possibility of a retracement due to the bearish divergence and RSI bearishness. Traders should closely monitor the support and resistance levels provided and exercise caution when trading. As always, it's essential to have a stop loss in place to mitigate potential losses.

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#BTC -Dominance Chart Update:

Dominance

Btc -Dominance cross regression trend ..so it can go up

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ETH withdrawals are now possible.

The Shanghai Ethereum upgrade has been successfully implemented, enabling the withdrawal of staked ETH and effectively completing the network’s years-long transition to proof-of-stake.

Last September, Ethereum successfully executed its much-anticipated merge event, which changed the way ETH is created and how transactions on the Ethereum network are validated. The upgrade saw Ethereum move to a proof-of-stake consensus mechanism where users stake ETH with the network to validate on-chain transactions, and are rewarded for that participation with newly created ETH. Since ETH staking debuted in 2020, participants have deposited more than $34.56 billion worth of ETH into the network.

However, the fund – and the rewards it generated – were not accessible to users, even after the merge. Only now, with the implementation of Shanghai, are the funds available for withdrawal. And only now can Ethereum’s transformation into a proof-of-stake network be considered complete.

The road to Shanghai has been a long process, characterized by repeated concessions made by Ethereum’s core developers to speed up the release of upgrades. Shanghai was originally intended to cover many other improvements to the Ethereum network, including proto-danksharding – a simplified data sampling process that would make layer-2 transactions on the network substantially cheaper and faster – and EOF, a series of much-needed updates to the Ethereum Virtual Machine (EVM), the network’s underlying mechanism that deploys smart contracts.

However, the update was scrapped from Shanghai, to ensure that ETH withdrawals were rolled out as quickly as possible. Even minor changes to Ethereum’s coding methods were left out of the update, despite the fact that such a decision could leave the network mired in technical debt for years.

The pressure to release Shanghai makes sense: the security and accessibility of cryptocurrencies worth tens of billions of dollars is at stake. And any shortcomings in the execution of the upgrade could spell big trouble for the network – not just from annoyed users, but also from large intermediaries like Lido and Coinbase that currently represent the bulk of the betting power on Ethereum. Government regulators were also no doubt watching closely.

Fortunately, those concerns are now in the past. After Ethereum reached the 194,048th epoch at 18:27 EST, the network’s mainnet began forking to integrate the Shanghai upgrade. During that epoch, eight slots were missed, a standard number that usually represents nodes that haven’t updated their clients for Shanghai. But the Ethereum network continued to process transactions, a signal of a successful upgrade. Soon after, staked ETH withdrawals began processing smoothly.

Stakers who hold their ETH through intermediary staking pools or centralized crypto exchanges will have to wait longer. Lido said the ability to withdraw staked ETH will be introduced for customers in about a month; Coinbase, for its part, said its customers may have to wait several months before their staked ETH can be accessed. Each intermediary ETH staking service will open withdrawals on its own timeframe.

#ETH #Ethereum #eth2.0 #shapella