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$MDT vs. $FET 🧐 Breakout in 1 2 3... 🚀 Update soon, my friends 💫 #mdt #fet #xai #ftt #phb
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MDT
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FET
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Breakout in 1 2 3... 🚀
Update soon, my friends 💫
#mdt
#fet
#xai
#ftt
#phb
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Bitcoin Halving Could Mean Losses for Some Miners, Says Expert Scheduled for April 19, 2024, this event will cut mining rewards from 6.25 BTC to 3.125 BTC per block. Charles Edwards, the founder of Capriole Investments, emphasizes immediate risks. Miners who have old, less efficient hardware might bear a great financial burden. This would result in some mining operations being shut down, with dire consequences for the overall network’s security and hash rate. In particular, Edwards specifies the vulnerability of miners who used equipment from the past. As an example, the Bitmain Antminer S19 may continue to be a profitable miner only if the prices of Bitcoins will rise above $80,000. The current market situation, along with future uncertainties, intensifies their fears. Besides, the change may also result in the decentralization of mining activities, thus centralizing the power among a few larger operations that have money to spend on the latest technology. The halving event is not just a technical adjustment; it has significant economic implications for the cryptocurrency market. Halving event is aimed at mitigating inflation and increasing the rarity of the asset by reducing the speed at which new bitcoins are produced. Such events have historically resulted in large price spikes. After the 2020 halving, the value of Bitcoin grew by almost 600% in 18 months. Nevertheless, the financial impact of the next halving is indeterminable, as the price of Bitcoins is currently going down. Tether and Bitfinex CTO Paolo Ardoino provide a bullish statement regarding the halving process. He terms the incident as “poetic” and an enduring testimony of Bitcoin’s basic principles. Ardoino explained that the halving acts like a “physics law,” meaning that it reinforces the predictable and systematic characteristics of Bitcoin’s supply mechanics. This viewpoint emphasizes the wider consequences of halving outside the direct economic impact, considering it essential to Bitcoin’s long-term value proposition. #HotTrends #Halving #BTC #ETF #AltSeason
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#TOTAL MARKET CAP ANALYSIS The total market cap is forming a descending triangle pattern. It recently rebounded from the horizontal support level after encountering resistance at the trendline. The RSI indicator is currently in the oversold region. It's crucial to monitor closely for a decisive breakout or breakdown of the triangle, as it will confirm the market's next direction. Wait for updates, my friends 💫 #Bitcoin #etf #Altcoins #cryptocurrency #Ethereum
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ARPA 1D🧐🤔 Update soon, my friends 💫 #Bitcoin #ARPA #Altcoins #cryptocurrency #futures
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1000SHIB 1D 👉 expecting Rejection From 0.028487🧐🤔 Wait for updates, my friends 💫 #shibainu #DeFi #shib #SHIBA🔥 #NFT
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💡Educational Post💡 What is Mainnet Swap? Essentially, a mainnet swap consists of switching from one blockchain network to another. In most cases, the swap takes place when a cryptocurrency project migrates from a third party platform (e.g., Ethereum) to their own native blockchain network. At this point, their cryptocurrency tokens are gradually replaced by newly issued coins and all blockchain activity is moved to the new chain. Let’s take BNB as an example. After the mainnet launch of Binance Chain, users were encouraged to migrate from the Ethereum blockchain to the Binance Chain. Therefore, ERC-20 BNB token holders started to replace their tokens with the newly issued BEP2 BNB coin (the native coin of Binance Chain). The mainnet swap followed a 1:1 ratio so that 1 ERC-20 BNB had the same value as 1 BEP2 BNB. After the swap, all remaining ERC-20 BNB tokens were burned, so now only the BNB of the new chain can be used. Therefore, a mainnet swap takes place when a blockchain project replaces previously issued tokens with their new cryptocurrency, which is typically running on their own blockchain network. This process may also be referred to as “token migration”. Usually, the mainnet swap begins right after the mainnet launch. It should be noted that the migration of tokens is not always associated exclusively with the launch of a new blockchain. It may also take place in situations where projects simply move from one protocol to another. For example, Storj performed a mainnet swap, migrating their tokens from a Bitcoin-based protocol to the Ethereum network as a way to avoid scalability problems. Each mainnet swap has its own particularities in terms of execution. Some projects assign migration periods, with a predefined deadline for users to exchange their old tokens for the new ones. If they fail to do so, they may end up losing access to their funds because the old tokens are usually destroyed or frozen. Wait for updates, my friends 💫 #TrendingTopic #crypto2024 #Launchpool #TradeNTell #dyor
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Coinglass数据:过去1小时全网爆仓2.32亿美元,24小时全网爆仓4.63亿美元
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BNB 跌破 520 USDT,24 小时跌幅为12.74%
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BTC 跌破 63,000 USDT,24 小时跌幅为7.07%
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BNB 突破 540 USDT,24 小时跌幅为7.98%
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BNB 跌破 530 USDT,24 小时跌幅为10.01%
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