Metrics Reveal USDC activity is highly concentrated during US market hours while USDT activity is centered around Asian and European market hours.
submitted by /u/Tatakae69 [link] [comments]
submitted by /u/Tatakae69 [link] [comments]
Is everyone too scared to talk about how the entire blockchain world relies on centralized development teams? I’m wondering how come no one is talking about this issue? What people are calling "decentralized" isn't decentralized whatsoever. You have a group of people that start a foundation or a company, in some obscure location around the…
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A New Smart Contract Deployment Record Tezos has recently hit 10,000 new smart contract deployments in July 2022, and the month isn’t even over. This breaks the record for the highest number of new smart contracts deployed to the Tezos blockchain in one month. As it stands now in July, 10,158 new contract deployments have…
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The company said the move intends to cover all NFTs listed on the HARTi platform with no cost to the seller.
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Solana fell for a second consecutive session on Tuesday, pushing the token to its lowest level in twelve days. The move comes as sentiment in crypto markets turned bearish ahead of tomorrow’s FOMC meeting. Near protocol was also lower, dropping by as much as 12% today. Solana (SOL) Solana (SOL) was in the red for […]
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Solana bears are dominating the market and thus, SOL is expected to plummet further in the coming days. The crypto support is prominent at $37.7 and resistance is strong at $45. Meanwhile, the bears are gaining traction and could overpower the market. SOL price has recently dwindled down from $42 to $38 and is getting quite comfortable with that range. Negative movement is remarkable specifically at the $39 zone as SOL remains bearish. Solana has dipped by 5.52% overnight and is currently trading at $38.7 with a trading volume of $1,324,152,085. As of press time, SOL has a market capitalization of $13,403,122,727 and is currently ranked as the 9th largest coin in terms of market cap. Suggested Reading | Bitcoin Retreats Over Last 6 Sessions As BTC Bulls Chart Their Next Move Solana Inches Back Towards Support Line Solana price just like Bitcoin and Ethereum has demonstrated a downward movement. More so, the cryptocurrency appears to be less volatile. Consequently, the SOL/USD price is crawling towards the support line implying a reversal that can potentially breach the pair’s bearish movement. SOL price has swerved into a bullish momentum seen in the past few days. However, as the volatility seems to simmer down, the SOL value exhibited minimal change. The SOL/USD pair is crossing below the Moving Average curve showing a bearish streak. On the flip side, the market now looks to be swerving downwards as it shifts to a negative movement. The RSI value appears stable at 49. On the other hand, the RSI score is also showing a downward trend which implies a decline in market dynamics. Moreover, the drop in the RSI score shows that the selling activity has grown stronger compared to the buying activity. Looks like the bears are dominating the market. SOL price shows bearish action with a strong tendency of price sliding further down in the coming days. So, if the bulls do not retaliate soon, the bears will snow under the market for an extended period of time. SOL total market cap at $12.8 billion on the daily chart | Source: TradingView.com Can SOL Breach $42? The only chance here to overpower the bears is for the price to break the support. And that would be the time that the bulls will command the market dynamics. SOL has no doubt created an impressive streak last week which is an advantage for day traders mostly. Now, if SOL price bottoms out, there is a possibility of a 16% rally shooting for the price zone of $44. However, if the bulls can’t grapple on the support at the 21-day SMA then the uptrend can be a precarious scene. As of press time, conditions are neutral. If SOL can breach $42, then the bulls can rally and target $60 which can potentially induce a 66% boost in Solana price. Suggested Reading | Cardano (ADA) Spikes 8%, Overtakes XRP In Last 24 Hours Featured image from Exodus Wallet, chart from TradingView.com
Stellar (XLM) has been following the general sentiment in the market and trending to the downside in the last 24 hours. Bitcoin, Ethereum, and other larger cryptocurrencies were rejected at critical resistance levels and now seem poised to push the sector into support. At the same time, the Stellar Development Foundation (SDF) published its Q2, 2022, report celebrating “steady progress on its 2022 roadmap”. The non-profit organization claims the network has experienced improvements in terms of scalability, demand, and participation. One of this quarter’s major milestones is Project Jump Cannon which is set to provide Stellar with a “robust execution environment for smart contracts”. In January, this network announced the implementation of smart contracts with a tentative launch date set for December 2022. The announcement was made by Tomer Weller, Vice President of Technological Strategy at the SDF, who has been supervising the implementation of these capabilities with WebAssembly (WASM) runtime. The SDF claims WASM will provide its smart contracts with a secure, scalable, and easily accessible environment. In addition, the SDF claimed the network has benefited from the introduction of Protocol 19. This update facilitates the “creation of payment channels” or second-layer payment solutions that support “high-throughput use cases”, the report claims. The Stellar network also expanded its ecosystem in Q2, 2022, with the deployment of MoneyGram Access. Global crypto to fiat on/off ramp financial service that allows MoneyGram customers to send and receive remittances without the high cost of using legacy payment rails. The SDF has been consolidating major partnerships with international exchange platforms, such as with CoinMe and Mercado Bitcoin. The organization also announced that Novatti will deploy a digital version of the Australian Dollar (AUD) on the Stellar network. Stellar Faces Macro-Economic Headwinds Despite the network updates, partnerships, and use cases, Stellar (XLM) is reacting to the macro-economic environment. The milestones announced by the SDF are counterweighted by a global economic environment of high inflation, interest rates hike, and less liquidity across global markets. On short timeframes, XLM’s price records important support below its current levels. Data from Material Indicators shows there are around $1 million in bid orders waiting to potentially operate as support if the price of XLM continues to move to the downside. Material Indicators record an increase in buying pressure from small investors. Unless larger investors jump into the market with bid orders, this trend suggests a potential re-test of lower levels. XLM’s price and the crypto market could see a push to the upside if U.S. public companies’ earnings season contributes by showing positive results, Director of Macro for investment firm Fidelity Jurrien Timmer hinted at that possibility. Q2 earnings are encouraging so far, but remember, we have 9% inflation, and earnings are generally considered in nominal terms. So there is less than meets the eye here. Expected earnings growth for 2022 remains at +10%, but without the energy sector, it’s only +4.3%. pic.twitter.com/HLSIfjWGoC — Jurrien Timmer (@TimmerFidelity) July 26, 2022 SDF’s report hints at long-term appreciation for Stellar and its native token, but current macro-conditions are unfavorable. If XLM and major cryptocurrencies can preserve their current levels beyond this week, that could be a potential sign of a sustainable bullish price action.
This year, crypto firms have been falling like dominoes, and we were slapped with a glaring truth: no one knows shit about anything. Self-proclaimed gurus, notably those on YouTube, were caught off guard like the rest of us. Some of them not so discreetly deleted the videos they had shilled about UST and Luna. Others…
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