Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. […]
I don’t know how to place pictures here directly so I put a link instead: https://imageupload.io/i/qWlYICyAyv People are panic selling their Bitcoin while whales are buying $2-18 million worth every few hours. They are literally accumulating millions while people think the end is near. These moments remind me te hold even harder. We can’t time…
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So I'm coming from Monero and after using their GUI Wallet, I noticed that one can solo mine directly from their Wallet App and I was wondering if it would even be possible to do something like that with the Raven Core App. The reason I would believe is that it would make solo mining…
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Bitcoin has had a rollercoaster of a month in January. The digital asset which enjoyed much success in 2021 has walked into 2022 with bloody feet. Since then, it has managed to crumble more than 50% of its $69K all-time high. As nerves run high, investors scramble to make sense of when the onslaught will cease. As bitcoin is yet to see any significant support below the $40,000 level, analyst says the worst may be yet to come. Bitcoin Has Lost Critical Support Level Pseudonymous analyst Dave the Wave is known in the crypto space for being one of the few to call the May crash. Last year when prices of digital assets like bitcoin went into a frenzy, Dave had been one of those to sound the alarm for the incoming price crash. Not long after, the market had indeed seen a price crash that led to about a 50% downward correction. Related Reading | Bitcoin Breaks $37,000, Why Downtrend To $29,000 Is Likely This time around, the analyst has issued another warning. Using multiple charts, Dave the Wave lays out their analysis of the bitcoin market. The prognosis? Further downward correction towards $25,000 may be possible. BTC begins recovery trend | Source: BTCUSD on TradingView.com The analysis spreads over multiple tweets where Dave the Wave educates their 90K Twitter followers on what they expect from the market. Firstly, they analyzed using the Fibonacci extension. After measuring its potential head and shoulders, landing on a downside of $25,000. They note that bitcoin had already broken through a critical support level. Under which there is not much support, meaning that the price of the digital asset was prone to continue falling. “The problem is once it loses that 40K area, there’s not much support below,” the analyst said. BTC loses support at $40K | Source: Twitter What’s In Store? Naturally, the next steps were to figure out possible bounce points for the digital asset. They do this by mapping out where there would be a trend reversal. “A lower level again and lines of resistance that price would have to cross before even thinking of a trend reversal.” Since this call, the price of bitcoin has since fallen below this point, now touching as low as $33,000. BTC misses trend reversal | Source: Twitter Related Reading | Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst Presently, the last chart in the series shows a possible upward reversal if the digital asset was able to hold above $35K. BTC fails to hold above $35K | Source: Twitter Since the tweet went live, bitcoin has not done well in the market and has in fact dropped below this point. If Dave the Wave’s analysis is anything to go by, then investors may need to brace themselves for impact as the next stop may very be the $25,000 range, which is the next major support point. Featured image from LinkedIn, charts from Twitter and TradingView.com
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So if ETH 2 was live last year (2021) and had ~10 billion in revenue, given there are currently 285,842 stakers, that works out to $34,985 per validator. At 5% of 32 ETH, that yields 1.6 ETH per year. Therefore the value of each ETH would be $34,985 / 1.6 ETH = $21,865 per ETH…
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Crypto prices continue to take a beating, but value-focused investors might consider taking a closer look at MATIC, FTM, DOT, FXS and CRV.
PRESS RELEASE. Lasting for two months, the largest Metaverse Hackathon (called Metathon) organized by Metaverse Alliance and LD Capital has officially ended on January 21, 2022, PST. Over 100 contestants took part, with nearly 280 developers from 13 different countries engaged. To ensure the professionalism and fairness of the Metathon, 36 judges were invited from […]
