Currently in ETH 1.0, gas fees go to miners. How will this work in Eth 2.0? Will protocol fees be split proportionally between validators? E.g. if you are staking 1% of total staked ETH, you get 1% of gas fee tips (because base fee is burned via EIP 1559) in addition to 1% of the…
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At the time of writing, Cardano looks promising on its charts. ADA had broken over the $1.10 mark yesterday and was currently priced at $1.20. The $1.10 mark for ADA had acted as a long-standing resistance mark for the coin. The break above the aforementioned level could push ADA to trade above the $1.20 mark over the upcoming trading sessions. The bullish force in the market seems to have propelled the prices of Cardano significantly. In the last 24 hours itself, ADA’s price grew by 6%. Continued trading above the $1.20 mark would help the bulls to breach the immediate resistance of $1.28. Breaking above the $1.28 mark, and Cardano could aim for $1.41. Cardano Price Analysis: Four-Hour Chart Cardano had been trading tightly between the $0.90 and $1 mark for the past couple of weeks. Recent Market-wide appreciation in prices has caused ADA to move in a northbound manner. At press time, ADA was seen trading at $1.20 and was eyeing the $1.28 resistance level. The nearest support level rested at $1.16, falling through which ADA would target $1.10. If ADA manages to uphold the current price momentum then it could soon aim for $1.41. The technical outlook for the coin is quite bullish. On the four-hour chart, bulls were dominant, therefore indicating that buying strength seems substantial. Over the last week, ADA had displayed a Golden Cross and secured a 14.7% gain. A Golden Cross happens when the 20-SMA line crosses over the 50-SMA line, in other words, the reading is considered bullish. Cardano’s price was seen above the 20-SMA, therefore signalling that buyers dominated price momentum in the market. Related Reading | Is The Bitcoin Bottom In? Here’s What SOPR Data Says Indicators and Rationale From the above-attached chart, technical indicators have painted a bullish bias for Cardano. The buying pressure preceded selling pressure. The Relative Strength Index, in accordance with the above reading also was parked above the 75-mark, therefore, in the overvalued and overbought zone MACD usually tells the current trend of the market. The indicator had undergone a bullish crossover, hence, it displayed green histograms at the time of writing. These green histograms were seen amplifying which suggested that ADA might continue to maintain its bullish outlook in the immediate trading sessions. As the asset was overbought, there are chances of a price pullback, in other words, prices could dip if buyers continued to outnumber sellers. In case of such an event, ADA’s next trading levels would rest at $1.16, $1.10 and finally at $1. Trading volume in the last few days closed in the green which meant that the bulls dominated the market. Yesterday, however, trading volume flashed a red bar which depicted the onset of slight bearishness. Cardano was last seen trading at the current price level on the 24th of January, marking a multi-week high for the altcoin. Related Reading | Cosmos Records 20% Gain, What’s Behind The Boom In Its Ecosystem
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and Ether on Balance Sheet […]
I like most of you newbies when I first wanted to get into crypto, hopped on YouTube in January 2021 and searched some newbie phrase “what should I do with 1k crypto” and more than likely bitboy pops up with his promising titles and digestible content. And at this time ETH was around 1500. So…
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While initially it was just major financial entities — such as PayPal, Square, Microstrategy, amongst many others — dipping their toes into the blockchain scene, now we have players from a host of other realms also making their presence felt across these markets. For example, earlier in 2021, Twitter announced to the world that it was going to allow its users to tip its content creators via the use of several different digital assets (including Bitcoin and Ethereum). Similarly, earlier this year, it came to light that the social media behemoth was fostering its in-house crypto team by onboarding new talent in an effort to bolster its rapidly expanding creator economy as well as explore a host of novel domains including membership tokens, DAOs, and much more Twitter adopts NFTs with the help of QuickNode Staying in line with its crypto-centric vision, Twitter announced recently that it has integrated a non-fungible token (NFT) profile picture feature on its TwitterBlue platform, a subscription version of the microblogging and social networking service — with the entire operation being helmed by QuickNode, a Web3 developer platform that allows users to build & scale blockchain-powered applications (dApps) seamlessly. QuickNode, in its most basic sense, is a project that enables non crypto, blockchain-focused companies to launch their very own nodes (with a global network of RPC endpoints) across a total of 10+ blockchains — including Solana, Ethereum, Bitcoin, Polygon, etc — with the touch of a button. Providing his thoughts on the above stated development, Alexander Nabutovsky, co-founder of QuickNode, opined: “While demand for QuickNode’s platform as a provider of blockchain infrastructure continues to take off as more companies look to adopt blockchain as part of their product strategy, we’re excited to partner with platforms such as Twitter to deliver support for features like their recently launched NFT Profile Pictures. Through this new feature, we’ll help provide a means in which people on Twitter can show off the NFTs they own and be a part of its thriving community” For perspective sake, it is worth noting that the NFT market has grown exponentially over the last twelve odd months, with conservative estimates noting that the combined market cap of the sector easily surged past the $40 billion mark over the course of 2021 alone. Not only that, there are many studies that suggest this burgeoning sector will continue to grow at a compound annual growth rate (CAGR) of 39.6% over the coming decade. Quicknode is improving Solana, here’s how There’s no denying that the best performing crypto asset of the year gone by has been Solana, and rightly so. The project can be thought of as a crypto computing ecosystem that seeks to achieve high transaction speeds without sacrificing key aspects such as transparency and decentralization. As a result of its amazing technological proposition, the project was able to record gains in excess of 2,500% over 2021. That said, while on paper Solana is able to handle over 65,000 transactions per second, its existing end-user infrastructure does not allow dApps to reap such monumental speeds, instead, most users report an average tps rate of 1,000 transactions. In this regard, Quicknode recently revealed via a brand new whitepaper that it had been successful in deploying a purpose-written script (available on Github) so as to reduce Solana’s network latency from 126.67 ms to an amazing 15.36 ms. Not only that, QuickNode’s endpoint was also able to showcase a substantial block height advantage over its competitors, recording a block time advantage of over 50 minutes, a massive improvement in Solana’s native capabilities, to say the least. Looking ahead With Solana being touted as a tangible, long-term alternative to Ethereum, it is of utmost importance that any of its existing operational creases (such those related to its latency problems, transaction throughput, etc) be ironed out quickly — especially as more and more users continue to adopt the platform. Thus, it will be interesting to see how things playout for the project from here on end.
Welcome to the Daily Discussion. 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, and could…
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Got a significant bump in earnings this month, I think this might be the largest dollar value payout I've ever had from the browser! Been using the browser for quite a while, used to get 30 or 40 BAT a month but as the price shot up the amount of BAT dropped. This month it’s…
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