Category: Cryptocurrency News

submitted by /u/SuperCryptoBr0 [link] [comments]

Now that Moons are on exchanges such as Gate.IO and MEXC Global, will you be buying moons to add to your totals? Or are you a purest that will only gain them through the best of shitposting :P? It seems like moons could legitimately be a good investment as a well known token that has…
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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The Ethereum Merge remains one of the most anticipated events in the crypto space. The upgrade was scheduled to happen on September 15, 2022. It was a long-awaited blockchain transition as it moved from PoW to PoS. The change will merge the Beacon Chain and the Ethereum mainnet to become a single blockchain. Related Reading: Bitcoin ETF Inflows Returns After Abysmal Phase As an event in the industry, several reactions and discussions have occurred concerning the Merge. The Ethereum community is in high hope for the success of the transition. On its part, the Ethereum developing team has completed all the necessary checks and steps that will finally activate the Merge. Following the recent flow of activities on the preparation and waiting for the Merge, reactions are getting intense. One of the global top crypto exchanges, Coinbase, has made some shocking disclosure. Coinbase Cloud had identified four possible risks with the Ethereum Merge. The risks are operational, technical, lack of client diversity, and economic. Potential Risks Of Ethereum Merge Based on its highlighted points, Coinbase also offered some details on the risks. Operational Risks: Recall that during the Bellatrix, there was a drop in the participation of node operators and validators. Some of the operators didn’t complete the upgrade for their clients. Also, there are some behind-the-scene activities such as testnets, client releases, last-minute releases, and others. According to a recent developer report, just 85% of nodes have completed the necessary and latest client releases. In addition, there are records of about 25% to 30% of validators that couldn’t complete the Sepolia upgrade. They were thrown offline due to issues as per configuration. Technical Risk: The Merge involves the merger of two different blockchains, the Ethereum mainnet and the Beacon Chain. While the first is based on PoW, the second is based on PoS. This makes the Merge to be one of the most complex upgrades technically in the crypto space. Hence, it is highly prone to bug attacks and other technical hitches. An instance of the bugs was experienced with the upgrade of execution layer clients Nethermind and Go Ethereum (geth). However, the developers’ team provided a handy fix and possible guidelines to avoid a repeat. Risk of Lack of Client Diversity: Once a client lacks diversity, it could hike the risk of a consensus client being dominant among others. Such a client may violate consensus or even use its terms to propose blocks. Related Reading: Bitcoin Must Hold This Level Or Risk Falling To $10,000 Economic Risk: With the Merge, miners will become irrelevant on the Ethereum blockchain as validators take over block production. Also, the type of GPUs for mining Ether differs from that for BTC. So, they can even switch to Bitcoin mining. Their alternatives will be on any available mineable coins. Additionally, the Ethereum PoW fork may create significant issues with protocols and dApps on the blockchain. Featured image from Pixabay, chart from TradingView.com

It's been a long time since I got slashed because I accidentally ran my node twice. A costly error… How much longer do people like me have to wait to get their ETH back? Is there an estimation? Thanks! submitted by /u/Daz0k [link] [comments]

The price of Ethereum continues to struggle below $1,600 despite the Merge being successful. As pointed out previously, the Ethereum Merge had looked to be a “buy the rumor, sell the news” event, which seems to be playing out, but the lack of highly fluctuating prices suggests that even the expected sell-offs seemed not to have happened. Instead, it looks to be that momentum is currently muted, making it impossible for the price to swing either way. Merge Is Priced In During the rallies that led up to the Ethereum Merge, there were debates on whether the upgrade had been finally priced into the value of the digital asset. At one point, ETH had rode the wave up to $2,000 but quickly lost its footing. Given this, it was a matter of what would be best for the digital asset. Related Reading: Bitcoin ETF Inflows Returns After Abysmal Phase Now, after the Merge has been completed, it seems more settled that the price had already been priced in. For market analyst Julius Baer, he says that the best-case scenario would have been for the Merge to end up being a non-event. If this is true, then the current resistance to any sort of significant movement on the part of the digital asset is a good thing.  Merge fails to move ETH price | Source: ETHUSD on TradingView.com However, it is concerning that such a highly anticipated event seemed to have no bearing whatsoever on the price movement of the digital asset. But the market decline that followed the release of the CPI data earlier in the week has likely led to fatigue in the market.  Can Ethereum Rebound From Here? Before the Merge, the price target from Ethereum had been $2,000, given the upward momentum that was recorded during that time. However, the dip in price has put the digital asset in an especially difficult position. With the price dropping to the $1,590 territory, the cryptocurrency is unable to properly clear important technical levels like the 50-day moving average. Additionally, the 100-day moving average looks worse. This spells the likelihood of more bearish movement over the next week. Related Reading: Bitcoin Must Hold This Level Or Risk Falling To $10,000 The sell-offs have also not eased over the last couple of weeks. Ethereum had recorded massive exchange inflows leading up to the Merge, bringing the 7-day inflow volume to $11.52 billion. This large inflow volume, coupled with the decline below the 50-day moving average, has caused the 50-day MACD to skew heavily towards the selling pressure. The next major support level for the digital asset now lies at $1,500. However, a failure to properly hold this level will likely see Ethereum test the $1,300 territory once more.  Featured image from CNBC, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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STEPN (GMT) has struggled to show its move in recent months after ranking as the top gainer for several weeks against tether (USDT). The price of STEPN has struggled to rally to $1 despite the market seeing relief bounces across the market, with many altcoins producing double-digit gains, with the price of STEPN (GMT) showing little or no steam left for a major rally. (Data from Binance) Related Reading: WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022 STEPN (GMT) Token Price Analysis On The Weekly Chart   GMT saw a decline in its price from a region of $4 to around 0.63, with an over 70% drop from its all-time high despite having good fundamentals. The price of GMT bounced off after touching a weekly low of $0.63, and the price rallied to $0.95, showing some great strength, but the price was quickly rejected as this area acts as resistance to the price of GMT. The price of GMT on the weekly chart formed a range between $0.6-$1 as the price continued with little volume, unable to break out of the range channel. For GMT to break out of this range channel, the price needs to be backed with good volume as the resistance at the $1 mark has proven hard for the price of GMT after several rejections at this zone. GMT price needs to break and close above $1 with good volume for a possible rally to $1.5, where the price would face resistance. A break a close for GMT price above $1 would signal a good relief bounce. If the price of GMT fails to hold its support at $0.63, seen as a demand zone, we could see the price going lower.  Weekly resistance for the price of GMT – $1-$1.5. Weekly support for the price of GMT – $0.63. Price Analysis Of GMT On The Daily (1D) Chart The daily timeframe for GMT prices continues to weaken as prices continue to respect the downtrend trendline inside an asymmetric wedge. If the price of GMT continues with this structure, we could see the price retesting the support zone at $0.6. GMT price needs to break out of the downtrend for the price to have an opportunity to trend higher; a breakout from this downtrend structure to the upside would be a first relief sign for bulls. On the daily timeframe, the price of GMT is currently trading at $0.66, as the price of GMT on the daily chart closed below the 50 Exponential Moving Average (EMA), acting as resistance for GMT price. The price of $0.8 corresponds to the resistance at 50 EMA for the price of GMT. The price of GMT needs to reclaim 50 EMA for a chance to trend to $1; if the price fails to be reclaimed by the price, we could see the price retesting the support at $0.6 or lower.  The Relative Strength Index (RSI) for GMT is above 50 on the daily chart, indicating low buy order volume.  Daily resistance for the GMT price – $0.8-$1. Daily support for the GMT price – $0.6. Related Reading: Golem (GLM) Leads Gain, Adding Over 20% In The Last 24 Hours Featured Image From Freepik, Charts From Tradingview

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The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting climate change. The science and tech department believes […]