Disclosure: This article does not represent investment advice. The content and materials contained on this page are for educational purposes only. Cryptocurrency traders often look for opportunities beyond the mainstream, and today we’re focusing on why Solana (SOL), Everlodge (ELDG), and Avalanche (AVAX) are solid. SOL and AVAX are in place, and more than 12 million ELDGs have now been sold in Phase 8 of pre-sale. Solana rises Solana (SOL) continued its upward trend, rising from $86 on December 21st to $92 on December 22nd. This surge is related to Paxos expanding its stablecoin issuance to Solana. Solana has been…
Author: Crypto Flexs
Read More
Latest price movements in Bitcoin (BTC) and cryptocurrency markets as of December 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest trends in the cryptocurrency market.
Ethereum price is correcting its upward trend below the $2,350 area. ETH could attempt a fresh hike as long as it does not close below the $2,200 support. Ethereum is correcting gains and trading below the $2,350 level. The price is trading below $2,320 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,300. A close above the $2,350 level could trigger a fresh increase for the pair. Ethereum Price Eyes Fresh Increase Ethereum price struggled to break out of the $2,440 resistance zone and…
A widely followed cryptocurrency trader is reassuring traders that Bitcoin (BTC)’s current consolidation is simply a bull market downturn. Cryptocurrency analyst Michael van de Poppe says The number of followers on social media platform “Bitcoin consolidation, altcoins are sighing at the end of the year. A pretty standard de-risking will take place until the last day of 2023. An upward trend is expected from Monday. “If you simply buy a bear market, it is a bull market.” As of this writing, the value of BTC is $42,122, down 3.6% over the past week. Looking at Van de Poppe’s Solana think…
Newly launched Bitcoin token platform BRC20.com has raised $1.5 million in funding led by UTXO Management, the asset management arm of BTC Inc., the parent company of Bitcoin Magazine.The round included support from Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble, and New Tribe Capital.The investment comes at a time of growing interest in the BRC-20 token standard, created in March 2023 to facilitate the creation and transfer of fungible tokens on Bitcoin via the Ordinals protocol.“Today’s news announces BRC20 some of the most active and strategic investors across the Bitcoin and…
Bitcoin mixers are called by various names, such as tumblers and blenders. A tool that protects your privacy when performing Bitcoin transactions. The mixer breaks the connection between the sender and receiver. This prevents possible tracking and analysis by third parties. How does Bitcoin Mixer work? Bitcoin mixers mix coins received from different users into a common pool. During this process, the coins are split. After mixing, the anonymized Bitcoins are sent to the user in the specified amount, excluding service fees. At the same time, the system displays who owns which coins. This allows you to minimize the risk…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Wall Street analysts predicted that the U.S. Federal Reserve could cut interest rates six times in 2024 due to high inflation in 2022, as shown by the Consumer Price Index (CPI). These changes are expected to impact several sectors, especially cryptocurrencies. It is expected that meme currencies could benefit. Market analysts highlight Galaxy Fox (GFOX) as a potential major bullish and meme coin to consider in this market trend. Impact of falling interest rates on cryptocurrency Lower interest rates…
Ethereum’s updated roadmap focuses on compatibility and redesigning core elements. Criticism is raised about Ethereum’s emphasis on layer 2 scaling. Despite uncertainty in the cryptocurrency market, Ethereum (ETH) has remained committed to network development. These developments generally follow the roadmap laid out by Vitalik Buterin and his team. This roadmap serves as a guiding framework for the continued development of the Ethereum network. Ethereum’s new direction The latest revision to the Ethereum roadmap highlights important improvements. The role of single slot finality (SSF) takes center stage in post-merger Proof of Stake (PoS) improvements, providing a glimpse into the future direction…
Verkle trees are commitment schemes that work similarly to Merkle trees, but with much fewer witnesses. It works by replacing the hashes of the Merkle tree with vector commits, which makes wider branch elements more efficient. Thanks to Kevaundray Wedderburn for his feedback on the post. outline For more information about how buckle trees work, see: The purpose of this post is to describe the specific layout. Draft Buckle Tree EIP. It is aimed at client developers who have implemented Verkle Tree and want an introduction before delving deeper into EIP. Verkle trees bring many changes to the tree structure.…
Judge Jed Rakoff, who is investigating the SEC’s case against Terraform Labs’ former CEO Do Kwon, favors the regulator. In accordance with the ruling, Kwon and Terraform proceeded with the sale of uncertified securities related to LUNA and MIR tokens. The Securities and Exchange Commission alleged that Terraform conducted unlisted safety-focused swap transactions and defrauded key investors involved. According to Rakoff, the SEC obtained a preliminary ruling on Amended Complaint IV, which addresses Defendants’ unlawful sale of LUNA and MIR and their private offering in violation of Sections 5(a) and (5c). ) Securities Act. As Rakoff points out, UST, wLUNA,…