Balita sa Industriya ng Crypto at Market Trends

Shiba Inu (SHIB) Drops Zero in Its Price, Heres What It Needs to Tackle to Go Higher

Teknolohiya　　Ang Shiba Inu (SHIB) ay Bumaba ng Zero sa Presyo nito, Narito ang Kailangan Nitong Pagharapin Para Umangat　　4 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Tomiwabold Olajide　　Shiba Inu loses zero in its price as bulls confront 643 trillion SHIB resistance range　　Shiba Inus price decreased by one zero after it once again reached the psychological $0.00001 mark. SHIB is hanging in the balance at this point as bulls make a valiant effort to prevent bears from regaining this area, which could lead to more falls.　　Sa oras ng pagsulat, bahagyang tumaas ang SHIB sa huling 24 na oras sa $0.000010.　　According to IntoTheBlock data, Shiba Inu is involved in a broad resistance range between $0.000010 and $0.000025, where over 387,000 addresses bought close to 643 trillion SHIB.　　To focus on a smaller area, the biggest obstacle is between $0.00001 and $0.000014, which prevents SHIB from rising any higher.　　A total of 231,000 addresses purchased 257 trillion SHIB in this region, which could lead to selling pressure if these addresses decide to take profits if the price reaches this level.　　This might make it slightly harder for SHIB to break through without enormous buying pressure. Over 10.3 trillion SHIB were purchased in the $0.000009 range, which serves as

2023-05-05Industriya

Bitcoin traders ought to know this before making their next trade decision

Now that the fear of Bitcoin [BTC] being crippled due to the results of the FOMC was out of the way, investors could have something to look forward to.　　As per an analysis from CryptoQuant analyst onchained, BTCs Market Value to Realized Value (MVRV) was fluctuating between 1.55 and 1.45. This could be taken as a healthy sign of a bull run.　　So how is BTC‘s MVRV ratio floating between 1.55 and 1.45 related to BTC’s bullish wave？ Lets find out…　　Green ba ang iyong portfolio？ Suriin ang Bitcoin Profit Calculator　　The importance of 1.5　　As per the CrytpoQuant analysis, the 1.5 threshold serves as Bitcoin‘s entry point into a bull run. The analyst also stated that upon examining historical data, it was seen that BTC’s MVRV ratio witnesses a change when it breaks the 365D Simple Moving Average (SMA).　　Furthermore, a bull run can be anticipated when the MVRV ratio breaks the moving average in an upward trend. Thus, the MVRV ratio reaches a point between 2 to 3.75. The analyst also stated that BTCs 365DSMA as of 4 May stood flat. This was because the MVRV ratio managed to break the 1.5 level.　　Pinagmulan: CryptoQuant　　Are we tagging along for the bull ride？　　At press time, data

2023-05-05Bitcoin

Cambridge AltFin Study Shows Ethereum Significantly Reduces Energy Usage

The study shows a 99.9% reduction in energy consumption since Ethereum switched to PoS.　　Ethereums annual energy consumption is now only enough to power The University of Cambridge for 16 days.　　Ethereum‘s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has proven to be a resounding success, with a Cambridge Alt Fin study showing a 99.9% reduction in energy consumption. This milestone has garnered attention from industry leaders. Including Binance’s CEO, who has pinuri Ethereum‘s efforts to create a more sustainable future for cryptocurrencies. In this article, we’ll explore the implications of this study and how it could pave the way for more energy-efficient blockchain networks.　　Reducing Energy Consumption: Ethereums Successful Transition to Proof-of-Stake　　According to data from Cambridge University‘s Centre for Alternative Finance (CCAF), Ethereum had been consuming increasing amounts of energy since its launch until the “Merge” took place in September 2022. By then, its total energy consumption had reached 58.26 Terawatt hours (TWh). That equivalent to Switzerland’s annual electricity consumption during that period.　　However, CCAF‘s latest estimates reveal that this amount has now drastically decreased to just 6.6 gigawatt hours (GWh), comparable to the electricity used by 2,000 typical UK homes. This is a stark contrast to Bitcoin’s energy usage, which amounted to

2023-05-04Ethereum

Ethereum- a Guide to a Leading Global Currency Facilitating DApps and Transactions

Ethereum is a blockchain based (DeFi) platform with smart contract functionality.　　Ether is the local cryptocurrency of the platform. Among cryptocurrencies, it is second only to Bitcoin in terms of market backing.　　The recent Shanghai Upgrade made several developments regarding stakeholders.　　Ethereum is a digital currency where anything you own can be constituted, exchanged, and put to use as non-fungible tokens (NFTs). To gain Ethereum services you just need a wallet, and the best thing is that it works without any personal information. ETH facilitates storage of digital money, global payments and applications. The smart contract functionality is helpful in giving immediate outcomes, thus saving time.　　Ethereum History and Interesting Information　　Ethereum was first conceived in 2013 by Vitalik Buterin. Buterin is the founder as well as a programmer of Bitcoin Magazine which describes a way to build decentralized finance. He proposed the development of a new platform with a more advanced scripting language that would in due course become Ethereum.　　Ethereum was announced at the North American Bitcoin Conference in Miami in January 2014, revealing an important Swiss non-profitable foundation, The ETH Foundation. There, several prototypes of ETH were developed over 18 months in 2014 and 2015. Since Ethereums launch, it has gained a number

2023-05-04Ethereum

Solana Surpasses Ethereum In Most On-Chain Active Addresses ⋆ ZyCrypto

Solana, one of the largest “Ethereum Killers”, has surpassed the latter to become the network with the most transactions.　　On Wednesday, Nansen shared a tiririt comparing Aprils most active on-chain addresses. According to the firm, Solana came in second after BNB Chain, becoming the network with the most active address by chain at 5.1 million in April.　　And despite that figure dropping by around 12% from March, the cryptocurrency network still managed to outdo Ethereum, which had 4.9 million active addresses in April.　　Solana also surpassed Ethereum by non-vote transactions last month. Non-vote transactions are transactions that do not involve any voting or decision-making by token holders. They typically involve the transfer of cryptocurrency between wallets or accounts and are the most common type of transaction on most blockchain networks due to their simplicity. According to Nansen data, as of April 30, Solana‘s total non-vote transactions stood at 24.3 million compared to Ethereum’s 974,972.　　Solana‘s attractive growth can be attributed to various factors, including a surge in developers and users due to its attractive transaction speeds and costs. Apart from announcing various developments that go into improving the network, including a Chat GPT plugin and a web3 phone, Solana’s ballooning transactions have also been

2023-05-04Ethereum

Could Underwater ETH Stakers Become a Threat to Crypto Market

crypto Ethereum　　Maaaring Maging Banta sa Crypto Market ang Underwater ETH Stakers　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　As more Ethereum (ETH) gets staked, there are growing concerns In the community that in-loss stakers could induce price volatility for the second-largest crypto network. 　　The Ethereum Merge upgrade was one of the most significant events that have occurred in the crypto industry. The upgrade set out to address critical Ethereum network issues such as scalability, security, and high fees.　　It also introduced several new features, such as staking and sharding, enabling the network to process more transactions per second.　　Benefits of Ethereum Shift to Proof of Stake　　The Ethereum Merge upgrade involved transitioning from a proof of work (PoW) consensus algorithm to a proof of stake (PoS). This transition was implemented in several phases, with the first phase, known as the Beacon Chain, launched in December 2020. The Beacon Chain was essentially a new blockchain that ran parallel to the primary Ethereum blockchain at the time and was responsible for managing the PoS consensus algorithm.　　One of the main benefits of the PoS consensus algorithm is that it requires validators to stake a certain amount of ETH to participate in the consensus process. Validators are rewarded

2023-05-04Ethereum

Ethereum Market Shows Signs Of Overheating, Decline Soon?

On-chain data shows the Ethereum failed transaction count has shot up recently, a sign that the ETH market may be overheating right now.　　Ethereum Network Is Observing A Surge In Transactions Currently　　As pointed out by an analyst in a CryptoQuant post, whenever the failed transaction count of the coin breaks the 200,000 mark, its usually a hint of overheating in the market.　　In periods where the activity of the Ethereum blockchain is high, that is, a large number of transactions are taking place simultaneously, the gas fees on the network can sharply go up.　　This happens because the network can only handle so many transfers at once, so the gas price has to go up if there is too much demand to confirm moves on the blockchain.　　During such periods of high gas prices, if investors attach a low amount of gas with their transactions, the transfer can end up failing if the fees happen to be lower than what the network requires at that specific moment.　　The “failed transaction count” is an indicator that measures the total number of such Ethereum transfers that fail to go through. As the appearance of failed transactions can have a direct relationship with the demand that the network

2023-05-03Ethereum

BTC, ETH Rebound on Wednesday, as Fed Meeting Looms – Market Updates Bitcoin News

Bitcoin rebounded from Tuesday‘s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in Mays meeting. Ethereum also moved higher, nearing $1,900 in the process.　　Bitcoin　　Bitcoin (BTC) rebounded on Wednesday, as all focus in the market turned to todays Federal Reserve rate decision .　　Following a low of $27,935.73 on Tuesday, BTC/USD surged to an intraday high of $28,881.30 earlier in the day.　　This came as after bitcoin rejected a breakout below its long-term floor at $27,600 to start the week.　　Overall, momentum has shifted marginally higher, as the 10-day (red) moving average approached its 25-day (blue) counterpart.　　Should this upwards crossover occur, this could be a signal that bulls need to intensify pressure, and potentially take BTC back above $30,000.　　In order for this to occur, the relative strength index (RSI) will first need to surge past a ceiling at the 52.00 mark.　　Ethereum　　In addition to BTC, ethereum (ETH) also bounced back on hump-day, as bulls began to reenter the market.　　ETH/USD rose to a peak of 1,879.76 on Wednesday, after almost falling below $1,800 the day prior.　　The move saw ethereum bulls briefly push price above

2023-05-03Ethereum

BNB Chain had over 10M active addresses in April; Ethereum had 4.9M

BNB chain had 10.9 million active addresses in April — the highest, despite an 11% drop from March, data from on-chain analytics platform Nansen Ipinapakita ng.　　Solana (SOL) was a distant second with 5.1 million active addresses last month — less than half the number of active addresses on the BNB chain. Active addresses on Solana fell by 12% in April compared to the previous month, the data show.　　Ethereum (ETH) had 4.9 million active addresses in April — down 7.9% from March. Polygon (MATIC) and Arbitrum (ARB) both saw the number of active addresses climb last month. Polygon had 4.2 million and Arbitrum had 2.4 million active wallets last month — up 6% and 7.8% from March, respectively.　　But it was Avalanche (AVAX), Celo, and Optimism that recorded the biggest growths in active addresses last month, according to Nansen data. Active addresses on Avalanche and Celo grew by 87% and 46% respectively, while Optimism saw a growth of 36% compared to March.　　Diving deeper on-chain　　On the BNB chain, three platforms saw their number of users grow significantly last month. Users on the Polyhedra Network — which provides Web 3.0 infrastructure — increased phenomenally by over 4,000,000% in April.　　Meanwhile, blockchain interoperability provider LayerZero Labs,

2023-05-03Ethereum

Dow Jones Dives As Uber Rockets; Carl Icahn Hits Out As Stock Craters On Short-Seller Attack

The Dow Jones Industrial Average dived as regional banks including PacWest (PACW) and Western Alliance (WAL) crumbled. Carl Icahn lashed out after Icahn Mga Negosyo (IEP) cratered amid a short sellers attack. Uber Technologies (UBER) soared on earnings.　　Only one noteworthy stock was plucky enough to attempt a breakout amid the stock market chaos. Electric power gear maker Eaton (ETN) tested an entry after posting quarterly results.　　Treasury yields retreated as the latest Fed meeting got underway. The 10-year yield plunged 15 basis points to 3.43% while the two-year yield also dived 15 basis points to 3.99%. The yield curve remains inverted.　　“Sell in May decided it didnt need to wait for the Fed,” Oanda senior market analyst Ed Moya said in a note to clients. “Wall Street is quickly hitting the sell button as banking turmoil appears it is not going away anytime soon and was ready to focus on the next weakest link, potentially distressed lenders with tremendous exposure to commercial real estate.”　　Nasdaq Falls As Small Caps Get Spanked　　The Nasdaq tumbled amid the broad bearish action, closing down 1.1%. Palakihin ang Enerhiya (ENPH) was among the laggards here as it dipped 4.8%.　　The benchmark S AMD Falls Late On Guidance　　Outside Dow Jones:

2023-05-03Industriya

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