Author: cryptodailysignals
The broader cryptocurrency market hasn’t seen much change in the last 24 hours. This is because the total capital remains the same. As we head into the weekend, it’s become clear that some cryptocurrencies have performed extremely well throughout the week, so let’s take a closer look. Bitcoin stabilizes above $17,000 BTC’s price remains above $17,000 without much movement in the last 24 hours. However, it is worth noting that although early yesterday afternoon he climbed to $17,360, the bulls were unable to continue the push and the price returned him to $17,100. Source: Binance via TradingView This left BTC…
Important points: Fantom is a low-fee, EVM-compatible blockchain adapted for peer-to-peer and smart contract transactions. MetaMask is a fully-configured cryptocurrency wallet that supports Ethereum blockchains, Layer 2 networks, and standalone EVM blockchains. Fantom can be added to MetaMask by entering network details via FTMScan or MetaMask on mobile. On-chain data shows an increase in the number of active daily users and new wallets created on the Fantom blockchain network. Fantom is his low-fee EVM-compatible blockchain adapted for peer-to-peer and smart contract transactions. Developers can deploy smart contracts and decentralized applications on the Fantom blockchain. Fantom’s EVM compatibility also means that…
Important points: A smart contract is a digital contract that automatically executes when certain conditions are met on the blockchain network. Smart contracts facilitate trustless transactions between individuals who can choose to be anonymous, eliminating the need for intermediaries like banks. Smart contracts make transactions traceable, transparent, and irreversible. Smart contracts are a core element of decentralized finance (DeFi). They replace intermediaries in financial transactions through which transactions are executed once conditions are met. Smart contracts have taken decentralization to the next level, as users can automatically execute approved contracts with complete transparency. In this article, we’ll take a closer…
As previously announced, the Ropsten network will be decommissioned and shut down in the coming weeks. Over the past few months, infrastructure he providers have gradually stopped supporting the network, and validator participation rates have steadily declined. Most of the remaining validator nodes will be shut down during the period from December 15th to 31st, 2022. After this, Ropsten will no longer be supported by any client, test, or infrastructure teams. As a reminder, the next testnet to be retired is Rinkeby. The network will operate until mid-2023, offering users and application developers an opportunity to migrate to his Goerli…
The Ethereum Foundation merge data challenge 🐼. The challenge ran for up to nine weeks before and after the merge, allowing data analysts to collect and review information before and after the big event. Participants submitted a treasure trove of data and analysis in 45 (!) different blog posts. Have fun combing through the many insights. Everything is open source, so feel free to open it up and extend/modify your analysis! prize Prizes will be divided into three tiers based on overall quality, scope, scalability, and utility to the community. Gold ($30,000 prize) 🥇 Silver ($10,000 prize) 🥈 Bronze ($2.5…
On-chain data shows that Bitcoin whales have been shaving their holdings in recent weeks, suggesting that the current low may not be attractive enough for them. Bitcoin whales continue to sell despite recent deep lows As analysts pointed out in a CryptoQuant post, the number of investors with balances in the 1,000-10,000 BTC range has continued to decline recently. The relevant metric here is “UTXO Count – Value Bands”, which shows how many UTXOs (or wallets) are currently in each Bitcoin value band. These value bands are groups that define the range within which UTXO balances fall within that band.…
LUNA Classic (LUNC) price has recorded another drop in the last 24 hours. Last week, LUNC he recorded a profit worth 2.5%. A lot of the weekly gains were lost due to the loss on the daily chart. At the moment, LUNC is showing consolidation below the immediate resistance mark. The FTX collapse has teetered on the bearish side for quite some time, with the coin losing more than 10% of its market value last month. On the development side, we have a new update. This is TerraDart’s new alpha introduction to his package. TerraDart, a Dart SDK used to…
The quant explained why the Nasdaq’s recent retest of critical support levels could help Bitcoin reverse its trend. Nasdaq-100 recently retested critical support trendline As analysts pointed out in a CryptoQuant post, the Nasdaq-100 is now above its historically significant support line. The Nasdaq-100 (NDX) is a stock market index containing 102 equity securities issued by the 101 largest non-financial companies (based on market capitalization) listed on the Nasdaq Stock Exchange. Here is a chart showing how this trendline has acted as an index price bounce over the past decade. The value of the asset seems to have touched this…
Ethereum price is moving in the same direction as the wider market. Over the past 24 hours, Ethereum has risen 2.5%. In the weekly timeframe, altcoins have rarely recorded movements. This reflects the lateral trading of ETH. In the short term, altcoins may be registering an uptrend, but as the technicals show, the coin may fall again before it rises. Accumulation is fairly low on the chart. A significant increase in buying activity is needed for ETH to break through his $1,300 price. ETH was comfortably above the $1,220 price, but buying strength is weakening on the daily chart. For…
Tokenization of luxury assets is a ground-breaking development for the industry as it provides a way to preserve the value of luxury assets, protect them from counterfeiting and generate new revenue streams. By using dynamic non-fungible tokens (NFTs) and incorporating spectral fingerprinting technology, luxury watch brands can preserve the value of their assets, enable provenance and reduce counterfeiting. Dynamic NFTs are unique digital tokens that represent specific luxury assets. These tokens are built on blockchain technology and verified using cryptographic algorithms. This ensures that the NFT is genuine and cannot be duplicated or counterfeited. By tokenizing luxury assets, watch brands…