Now that the merge is complete, what will (data) sharding specifically do from a performance standpoint? Will it only affect L2s? By how much? submitted by /u/mybed54 [link] [comments]
AVAX had time to recoup from June to July and then in August, the token slipped and formed a bullish cup and handle pattern. AVAX intraday trading volume indicates a 38.7% plunge Avalanche sellers successfully reclaimes the 20-day EMA slope Trading volume skyrockets to 487 million Now, the pattern which can be spotted at the market bottom will serve as a feasible launchpad for the crypto’s recovery but in order to complete the pattern, the coin price should barrel past the $30.6 key resistance. With the reversal of the V-top formation seen at the key resistance level of $30.6, the AVAX coin price dropped to $18.4 of the Fibonacci retracement level. It is however beneficial for buyers who were able to position right at this level prompting a 25% spike to $22.53. On the other hand, the massive selloff happening in the crypto market hinders the recovery of AVAX price and threatens a further downtrend. The selloff that happened on September 13 has sloughed off the possibility of completing the pattern. Evidently, the downtrend that took place yesterday was triggered by the high CPI or Consumer Price Index data. Related Reading: Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price? AVAX Low Volume Hints At Bulls’ Weakness According to CoinMarketCap, AVAX’s price is down by 1.51% or trading at $18.84 as of this writing. The low volume seen with AVAX implies the bull’s waning commitment or weakness. In the event that the selling pressure intensifies, AVAX could suffer a slump to $18.3 and then try to breach under that level which can further extend the decline to match the $13.6 low support seen in June. Now, if the buyers are able to defend the support zone at $18.3, then the bullish movement may persist and the AVAX coin price will spike to $31.4. Avalanche’s EMAs show all indicators going down with the exception of the 50-day EMA which proves to be a hurdle to AVAX price. AVAX RSI shows a downtrend that heads under the midline hinting at a negative market sentiment. CEO Announces KKR $417-Billion Merger In other news, Emin Gün Sirer, Avalance (AVAX) Labs CEO announced on September 14 that KKR has made a $417-billion merger with Avalanche. With Securitize, a FinTech company, Avalanche can proceed with tokenization and accessibility to a wider range of markets. The partnership announcement has amplified social media metrics in the past few months. More so, AVAX social engagements escalated by 148.7%, plus also a surge of social mentions at 257.3%, as seen in the past three months. Further, the AVAX market cap has also spiked by 4.31% as seen in the past week with trading volume skyrocketing from 324.2 million on September 12 to 487 million to date. Related Reading: Cardano On White House Crosshair Can Push ADA Up This Route BTC total market cap at $384 billion on the daily chart | Source: TradingView.com Featured image from Cryptopolitan, Chart: TradingView.com
It is big step forward in energy saving. Blockchain enters a net era with the upgrade. This will revolutionise industry after industry. What more can you ask for. submitted by /u/WorldSpark [link] [comments]
The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem.
submitted by /u/cryptosperm [link] [comments]
I've been out of the loop for a while and haven't been following eth events. Any risk on my existing ERC20 tokens sitting in my hot wallet? Any move I should do to protect my assets ER20 assets? Thanks submitted by /u/soopersalad [link] [comments]
submitted by /u/uttftytfuyt [link] [comments]
If you don't know the game yet: https://cryptoroyale.one/ Crypto Royale is a browser-based, free-to-play, play-to-earn multiplayer game in which players compete for fame, glory and a little profit. Last man standing wins crypto. No up-front investment. No downloads. No signups. Get into a game in 30 seconds and win! The game is purposefully designed to…
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submitted by /u/karalabe [link] [comments]
South Korea issued an arrest warrant for Do Kwon and a 5 other Terralabs employees yesterday. That does not mean that he is going to be arrested anytime soon. Do Kwon was in Singapore, not South Korea, yesterday. Singapore only has an extradition treaty with Hong Kong, Germany, USA, and ~40 Commonwealth countries. It does…
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