I know about ethgas.watch, but I still don't know how to calculate it. For instance, at the moment the normal speed is 111 gwei, roughly $8.26. How do I use that value to calculate my transaction (gas) fee? Say I have 2 ETH to transfer between wallets. What would the calculation be? Is the stated…
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I started gambling in crypto before the run up in 2017. I made great money but not what I should have because I was both greedy and delusional. I think it's a pretty common story. Last year I pushed a decent amount of money in to BTC at 10k and was able to capitalize on…
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Ethereum extended its rally above $3,600 level against the US Dollar. ETH price is consolidating gains and it might surge again if it clears $3,575. Ethereum started a fresh increase above the $3,550 resistance level. The price is now trading above $3,500 and the 100 hourly simple moving average. There is a short-term bearish trend line forming with resistance near $3,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise as long as it is above the $3,420 support zone in the near term. Ethereum Price Remains In Uptrend Ethereum extended its increase above the $3,500 resistance zone. ETH was able to climb above the $3,550 level and the 100 hourly simple moving average. During the increase, there was a break above a key bearish trend line with resistance near $3,475 on the hourly chart of ETH/USD. The pair even cleared the $3,600 zone. A high is formed near $3,628 and it is now correcting gains. Ether corrected lower below the $3,600 level. It traded below the 23.6% Fib retracement level of the recent wave from the $3,343 swing low to $3,628 high. It is now consolidating near the $3,500 zone. An immediate resistance on the upside is near the $3,550 level. The first major resistance is near the $3,575 level. There is also a short-term bearish trend line forming with resistance near $3,575 on the same chart. Source: ETHUSD on TradingView.com The next major resistance is near the $3,600 level, above which the price might accelerate higher. In the stated case, the price may possibly rise towards the $3,700 level. The next key resistance could be $3,800. Dips Limited in ETH? If ethereum fails to continue higher above the $3,550 and $3,575 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,500 level. The first key support is now forming near the $3,480 level. It is close to the 50% Fib retracement level of the recent wave from the $3,343 swing low to $3,628 high. Any more losses could lead ether price towards the $3,425 support zone and the 100 hourly simple moving average. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly moving in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,425 Major Resistance Level – $3,575
“I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” said Senator Pat Toomey.
Leading yield farming platform DeFi Yield Protocol (DYP) has collaborated with KyberDMM to boost DYP token liquidity on Avalanche blockchain. As part of the partnership, $300,000 worth of DYP and KNC tokens have been made available as liquidity mining rewards. A major milestone for DYP The collaboration between DYP and KyberDMM represents a major milestone […]
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I've been noticing a lot of discussion on other reddits (NiceHash, gpumining) suggesting that people move to RVN after ETH 2.0 is launched in December and switches to a PoS model. I'm wondering, what's the current take on what might happen if the hashrate of RVN were to increase by a few thousand percent or…
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At this point, non-fungible tokens, popularly known as NFTs, need no introduction. A by-product of blockchain technology, these digital collectibles have seemingly established themselves as digital diamonds and created immense new opportunities in industries like art, entertainment, and gaming. However, while NFT sales are skyrocketing, financial experts from across the globe are still debating whether these digital collectibles have any use-cases at all. To their satisfaction, most NFT projects too haven’t yet been able to present any use-cases for the “JPEGs”. But the SYNC Network is changing this for the better. By combining NFTs with DeFi, the SYNC network is actively changing the way the DeFi ecosystem operates and cementing the place of NFTs in the financial markets. CryptoBonds: The Introduction of a New Crypto Asset Class SYNC Network is an Ethereum-based platform that recently introduced a new asset class called CryptoBonds to the DeFi space. Holding an ERC-721 contract, CryptoBonds are essentially time-locked NFTs that generate rewards for their holders. Okay! But, what are they actually used for? In simple terms, these NFTs are used to provide liquidity to decentralized exchange protocols. Liquidity mining is probably the most popular reward system in the DeFi ecosystem today. Projects rely on it to create liquidity for users and keep their platform running while investors use it to earn yields on their digital assets. This reward system largely contributed to the growth of DeFi but is also responsible for creating volatility in the market. Why? Because investors can withdraw funds at any given time, creating a sudden lack of liquidity, price fluctuations, and the downfall of promising projects. This is where CryptoBonds come into the picture. This new asset class effectively maintains liquidity in DEX protocols while ensuring that long-term investors are properly rewarded for their contributions. Let’s now take a look beyond the surface to see how CryptoBonds actually maintain liquidity and stability. Dissecting the CryptoBond A CryptoBond consists of three main components – the liquidity provider tokens (LPTs), SYNC tokens, and the NFT highlight artwork. The NFT highlight is what gives rarity and tradability to CryptoBonds and the artwork is generated uniquely for each new CryptoBond by an algorithm. LPTs represent the liquidity pair staked on the DEX protocol and SYNC is the native token of the platform that is locked in the CryptoBond along with LPTs. To create a CryptoBond a user must visit a DEX protocol such as Uniswap on the Ethereum network and stake a trading pair to receive LPTs. Then, on the SYNC platform, these LPTs are combined with an equivalent amount of SYNC tokens and attached to an NFT highlight and CryptoBond ID to form a CryptoBond. Every CryptoBond has a lock duration that can vary lasts anywhere between 90 days to three years. During this time period, investors cannot unlock their crypto assets. However, because the bond itself is a rare NFT, it can be traded as a whole on NFT marketplaces, in case the investor wishes to exit their position before expiration. This entire ordeal takes place without disturbing the liquidity on the DEX protocol. CryptoBonds bring in revenue from liquidity provision on the DEX and also interest on the SYNC part of the bond. Upon maturation, the NFT is burned and investors get all this revenue along with locked SYNC tokens and newly mined SYNC tokens, resulting in a yield much higher than usual liquidity mining. For reference, the value of 1,800 CryptoBonds created so far has seen an average increase of over 203%, which easily covers the recent downtrend in crypto that led SYNC to drop by 75%. The longer the lock duration, the higher is the yield. A Myriad of Use-Cases With the invention of CryptoBonds, the debate around NFTs not being useful can finally be put to rest. Now NFTs are being used to not just create liquidity but also to maintain stability and mitigate risk in the DeFi ecosystem. Pump-and-dump episodes can now largely become a thing of the past, protecting promising projects. Apart from this, their rarity makes them unique collectibles and can be traded across NFT marketplaces for profits. CryptoBonds can also be used as collateral for acquiring loans in the DeFi space. SYNC Network itself has a P2P lending feature where CryptoBonds serve as collateral. The duration of the loan and the rates of interest are dynamic and are agreed upon by the borrower and lender. The platform also has additional promissory note NFTs that can be sold on NFT marketplaces to allow the lender their funds back before loan expiry. In short, this novel platform has the potential to revolutionize NFTs and forever change the way the world views them. Its ambitious visions have already brought the project significant success with $6M worth of crypto locked across 1800 bonds. The path forward for this project looks quite promising and the team believes that this project could become DeFi’s stability standard.
Hi everyone, I’m a total noob looking to buy ETH and BTC for the first time. I first learned about BTC in 2011 when it was still super fringey and almost bought but didn’t. I’m now kicking myself and don’t want to make that mistake with ETH and the upcoming crypto/blockchain decade. My strategy: I’m…
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On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies via Bitpay’s payment services. Pacsun says the company has a youthful audience that is “very tech-oriented” and the firm has seen an “increasing desire towards cryptocurrency.” Pacific Sunwear of California Goes Crypto The American retail clothing brand, Pacific […]
