Darius Varu October 22, 2024 08:19 Scalability is critical to the growth of decentralized networks in the Web3 era. Explore the challenges and innovations driving blockchain scalability, including solutions like GalaChain. As the Web3 environment continues to evolve, scalability will emerge as a pivotal factor in determining the success of decentralized networks. Scalability refers to a system’s capacity to handle increasing workloads, or the potential to expand to accommodate growth. In the context of blockchain and distributed technologies, scalability is essential to support more users, transactions, and applications without compromising speed, security, or efficiency.…
Author: Crypto Flexs
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Sui unveils its first incubator hub. Blockchain has been on the rise in recent weeks. SUI tokens have recently faced allegations of manipulation. Layer 1 blockchain Sui has been on a strong upward trajectory in recent months, setting new milestone records and achieving a series of impressive wins. This strong performance has earned blockchain praise across the industry, with some even comparing it to other industry-leading achievements. Building on the positive momentum, Sui has unveiled yet another addition to its venture. Sui debuts incubator hub in Dubai The latest addition to Sui’s expanding portfolio is its first global hub. On…
Darius Varu October 22, 2024 06:12 According to Bitfinex Alpha, the price of Bitcoin is approaching $70,000 as futures open interest is at an all-time high and a stable funding ratio indicates healthy market conditions. Bitcoin (BTC) has been on an upward trajectory over the past week, reaching a high of $69,586 in early trading on October 21, 2024. As we move closer to the long-anticipated $70,000 resistance level, the cryptocurrency market is ready for what could happen. According to Bitfinex Alpha, this will be an important test of Bitcoin’s momentum. High open interest…
Widely respected cryptocurrency analyst Michaël van de Poppe said AAVE, the native token of Ethereum’s (ETH) leading lending platform, is set for bluer skies. According to Van de Poppe, AAVE is in the midst of a trend change after clearly breaking the $150 mark, which would open the door to the $250 level. “This is a must have in your portfolio as I think it will perform better as DeFi gains momentum. Clear the trend switch. Holding above $110-$120 will lead to a new push towards setting a $250 target.” Source: Michaël van de Poppe/X As of this writing, AAVE…
Digital asset inflows surged to $2.2 billion, driven by optimism about a potential election victory for the US Republican Party, led by Bitcoin. (Read more)
If XRP closes the daily candle above the $0.558 level, XRP could rise by 17% to reach the $0.65 level. Combining these on-chain indicators with technical analysis, it appears that bulls are dominating the asset. Amid continued bullish market sentiment across the cryptocurrency landscape, XRP is finally breaking out of a prolonged consolidation phase, signaling a potential upside. Whale adds 52 million XRP tokens Whale Alert, a blockchain-based transaction tracker, posted on Despite the market rebound, XRP has lagged in gains so far, but on-chain indicators indicate a shift. Source: X XRP Technical Analysis and Key Levels According to AMBCrypto’s…
Nishad Singh’s lawyers claim he is an “unusually selfless individual”. They believe he should receive a lighter sentence because his role in the FTX collapse was limited. FTX’s former engineering chief asked the judge to spare him the prison sentence, according to lawyers representing him. According to Bloomberg, Nishad Singh’s attorney submitted a memo to a Manhattan federal judge arguing that he deserves a lighter sentence due to his limited role in the cryptocurrency exchange collapse and the “exemplary life he is committed to leading.” I did it. “His circumstances are unique in every way that matters to sentencing. Examples…
just alvin October 15, 2024 05:28 BitMEX presents a Trading Bot Challenge with a prize pool of 22,000 USDT. Participants can track their progress through the Mission Dashboard to strengthen their trading strategies. BitMEX has announced the launch of an exciting Trading Bot Challenge that will give participants a chance to win 22,000 USDT. According to the BitMEX blog, the challenge celebrates the introduction of trading bots to the platform with the goal of improving user engagement and trading strategies. Challenge Details The Trading Bot Challenge is live now and traders are invited to…
Solana’s SOL (SOL) could rise more than 2,000% in the coming months based on favorable charting techniques.The so-called “Ethereum killer” is already up more than 2,000% since hitting a cycle low of around $10 in November 2022. With this, the price trend has drawn what appears to be a cup and handle pattern during the week. This chart was discovered by veteran analyst Peter Brandt.SOL/USD weekly price chart. Source: Peter BrandtSolana in final stages of potential breakthroughThe cup and handle pattern occurs when price undergoes a U-shaped recovery that resembles a “cup” followed by a sideways period that looks like…
Bitcoin (BTC)’s strong weekly return of 9.84% marked a clear bullish breakout above a descending trendline pattern that has been active since March 2024.In light of this, Sina, co-founder of 21st Capital, pointed out that according to the quantile model, Bitcoin’s current price falls between the lowest consolidated price range in 2025.The Bitcoin quantile model highlights three price ranges for BTC:Sina published a study utilizing quantile regression models to classify Bitcoin’s “probability space” and describes three specific areas for Bitcoin in 2025:The analyst noted that each zone represents a different price range and market sentiment (cold, warm, hot).Bitcoin quantile model.…