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API3 can 1400% in 2024, time to buy?API3 is breaking out of the falling wedge pattern on the weekly chart, which is a great sign of strength. We can see that the corrective Elliott Wave pattern WXYXZ is complete, and we are starting a brand new uptrend to an all-time high. I believe 2024 will be very bullish for this coin, so it is better to buy now when the price is still cheap. We must also look at the volume indicator. We can see that the bullish volume is much higher than the bearish volume, which gives us confidence in this trade. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is API3 (API3)? Smart contracts often struggle to access dependable data, but application programming interfaces (APIs) have been touted as a solution to this problem. API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.” The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data — and this has led to an explosion in the popularity of oracles. Although this has helped solve the problem to some extent, the industry has since been grappling with the “Blockchain Oracle Problem.” Oracles are a form of middleware that sit in between APIs and smart contracts — increasing costs and centralization. API3 intends to get around this problem by enabling API providers to operate their very own nodes. API3’s token went live at the start of December following on from a token sale that generated tens of millions of dollars. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
22
UMA can 27x this year, time to buy now?UMA is going up, and we have record bullish volume on the volume indicator. The breakout is confirmed with a huge volume spike on the major weekly chart. It looks really good; be careful of short-term corrections, but this coin can 27x this year. As per my Elliott Wave analysis, the complex correction WXYXZ is complete, and we are starting a huge impulse wave! It's clear at this point that the downtrend has ended and we can make some profits with this coin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What makes UMA unique? Oracles are a key part of blockchain infrastructure. They enable communication between the external world and on-chain environments in a trustless manner. Oracles are vital for many parts of the blockchain industry including decentralized finance (DeFi) and Web3 applications. An optimistic oracle like UMA's uses a “true unless disputed” pattern, with a tokenholder vote to resolve disputes. Anyone can propose an answer to a data request, and it is accepted as true if it is not disputed during a verification period. The “optimistic” design differs from a price-feed oracle, where prices are streamed on-chain and are instantly final. This optimistic oracle design concept has been in development since 2014, when Vitalik first published on the matter. There have been several iterations over the years since then. The optimistic design pattern introduces the opportunity for human intelligence to weigh in. This is important for Web3 projects as they require arbitrary data that is not always possible to turn into code. Today, the OO provides flexible, unique dispute resolution involving any kind of question or data with human input, as compared to price feed oracles, which can only push regular price updates onto chains.
Long
by Xanrox
28
SiaCoin (SC) is starting something huge, 658% profitSC is starting a huge uptrend, and we can see that the most important resistance zone is broken. So I have to tell you and inform you about it. The next stop is the 0.618 FIB, and after that, the previous all-time high. The downtrend ended with a pretty nice trendline, and we made a symmetrical triangle at the bottom, which is a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft. Because of its decentralized nature, Sia is able to offer competitive storage rates. Files stored on the Sia network are divided into 30 encrypted segments, with each segment uploaded to a unique host for redundancy. The agreements between uploaders and hosts are recorded on Sia's blockchain and enforced using smart contracts. Siacoin acts as the method of payment on the network, with renters paying hosts using SC, and hosts locking SC in smart contracts as collateral. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
3
OP is one of the strongest coin, new all time high, buy now?OP looks absolutely strong. It hit a new all-time high recently, and the continuation of the rally is highly likely. The previous ATH from 2023 has been broken by the bulls, and now we are in the phase of price discovery. 500% profit is likely, but you can aim for more if you want. My profit target is the 1.618 FIB extension, which is always a strong resistance, especially in the crypto market. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum. Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
7
GMT Is breaking out. Pump is starting, here is why.GMT is really bullish because the downtrend ended with a descending parallel channel. Volume is starting to be really high, which is a good sign. WXYXZ corrective pattern is complete, also a good sign. Where to take profit? I recommend 3 profit targets at this moment. Choose wisely, my last profit target is the previous all time high, which is a strong resistance and I don't think it will break on the first try. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! FSL (GMT) was founded in August 2021 by Australian blockchain entrepreneur Yawn Rong. Mr. Rong has previously founded Crypto SA, an Australian crypto fund and pro-regulation auditor, and has served as an ambassador for Algorand and as an industry representative of the South Australian Blockchain Association. He founded STEPN with his neighbor and partner Jerry Huang, a game developer and former founder of Falafel Games. FSL raised a significant $5 million seed round from some of the biggest crypto venture capital firms like Sequoia Capital, Folius Ventures, Solana Capital, Alameda Research, 6th Man Ventures, DeFi Alliance and several others. Several notable angel investors include Santiago R Santos and Asia Partner of Republic Zhen Cao. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
POWR Ledger is going crazy, 10x still possible?POWR by Ledger is a very promising coin, as Ledger is one of the most popular crypto hardware wallets in the world. Fundamentals are pretty strong, and there is no doubt that this coin is going to continue in this promising uptrend. We are in a parabolic phase, so do not expect strong corrections. 10x is, in my opinion, still very possible if you buy the coin now. We can see that the bullish volume is relatively strong. I am expecting an all-time high in 2024 very soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
4
PERP is starting a new uptrend after 600 daysPERP is now very bullish because the price went outside of the consolidation structure made by whales. We can clearly see that the bullish base is broken by bulls, and we are definitely ready to go much higher. The first resistance is 3.61, and the second resistance is 26.2. Bullish volume is huge, so it is always nice to see. Coins are currently crashing while PERP is going up. What is your opinion? Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Long
by Xanrox
3
AUDNZD | Hidden Bullish Divergence | AB=CDAUDNZD chart currently shows the formation of AB=CD patterns , indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bullish divergence, confirming a bullish trend. Both indicators collectively suggest that the trend has shifted to an uptrend. In technical analysis, an AB=CD pattern is a harmonic pattern used to identify potential reversal zones where the price might change direction. The completion of this pattern at the PRZ suggests an area where traders might anticipate a shift in the prevailing trend. The hidden bullish divergence further supports the notion of an uptrend. This occurs when the price forms higher lows, while the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows, indicating underlying strength in the bullish momentum. Taken together, the presence of AB=CD patterns and the hidden bullish divergence provides a stronger indication of a shift to an uptrend in the AUDNZD chart. Nevertheless, traders should conduct a thorough analysis and consider other factors before making trading decisions, as market conditions can change, and relying on multiple indicators enhances decision-making accuracy. On the 1-hour time frame , there is a hidden bullish divergence, and an Inverse Head & Shoulders pattern has formed, both indicating a potential reversal. Additionally, according to Dow Theory, the market is printing new higher highs (HH) and higher lows (HL). A hidden bullish divergence occurs when the price forms higher lows, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows. This signals underlying strength in the upward momentum. The Inverse Head & Shoulders pattern is a bullish reversal pattern characterized by three lows, where the middle low (head) is lower than the two outer lows (shoulders). Its formation suggests a shift from a bearish to a bullish trend. According to Dow Theory, a bullish trend is confirmed when the market prints new higher highs and higher lows. This aligns with the idea that, in an uptrend, each successive high and low should be higher than the previous ones. In summary, the confluence of a hidden bullish divergence, an Inverse Head & Shoulders pattern, and adherence to Dow Theory principles collectively suggest a strong indication of a potential bullish reversal on the 1-hour time frame. However, it's crucial to consider other factors and perform comprehensive analysis before making trading decisions.
Long
by awaisulabdeen
11
Heavyweight UK Data Ahead of European Cash Open TomorrowAhead of the European cash open, we welcome potentially heavyweight UK data at 7:00 am GMT. As I am sure you’re already aware, I must point out that traders will be viewing the unemployment metric with some trepidation due to problems with data collection. Market consensus, however, forecast a slight uptick in the unemployment rate to 4.0% in the three months to December 2023 from 3.9% in November. I do not see 4.0% causing too many ripples in the financial markets, though a marked deviation—south of 3.8% or north of 4.4%, for example—would likely elevate volatility across GBP currency pairs. Wages data will be the highlight event for most of the traders and investors, as well as, of course, those at the Bank of England (BoE). Headline earnings growth data (including bonuses) is expected to reveal a sizeable slowdown in wage growth to 5.6% in the three months to December 2023, down from November’s reading of 6.5%; the estimate range currently spans between 6.0% and 5.4%. The ex-bonus print is also forecast to cool to 6.0% over the same period, from 6.6% in November, yet has a much narrower estimate range between 6.1% and 6.0%. As you can see, the markets already expect a sizeable downside print for the headline wages release. As a result, in order to surprise the markets, I would expect we would need to see the release touch or surpass the estimate low of 5.4%, which is likely to weigh on sterling and bring forward rate-cut expectations. We have seen the markets pricing in a higher-for-longer theme for the BoE’s Bank Rate, with around 83bps of easing priced in for the year-end as of writing. The first 25bp is not expected now until August’s policy-setting meeting. GBP/USD Reacted from Resistance The FP Markets Research Team released a week-ahead post for the GBP/USD which demonstrated a bearish vibe for the major currency pair. You will have also likely noted that one of the scenarios actually played out heading into the London open today: a short-term whipsaw north of H1 resistance from $1.2648-$1.2642 into a neighbouring H1 resistance from $1.2653. The move did indeed attract strong selling and provided ample opportunity to not only reduce risk to breakeven but also lock in gains. EUR/GBP Also Trading from Support As we can see from the daily chart of EUR/GBP, the cross is seen just off support on the daily timeframe at £0.8514. Couple this together with price action chalking up an AB=CD harmonic support at £0.8498, derived through the 100% projection ratio, and traders have a meaningful support area to work with.
Long
by FPMarkets
XAI - new coin and new ATH, best to trade itXAI is looking really good. We can see that this coin after the listing is going up, which is a strong sign of interest. The market cap rank is 190, so we have plenty of room to go to the upside. The best time to buy is right now because we hit an all-time high on major exchanges. Strong Elliott Wave combo: ABC + 12(345). Whales have been accumulating contracts on the intraday chart, and now they are sending this coin to new highs (price discovery). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. XAI was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
17
Bonk is ready to go higher (500% profit)Bonk is in extremely huge bull market, as you can see on the chart. I expect another pump because market never ends its uptrend in such way. We want to see a bearish divergence on the weekly chart first. if you buy now, a 500% Profit is really likely. We need to complete wave (5) to finish this uptrend. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Nearly half of the total supply, i.e. 50 trillion coins, is distributed among those who maintain the Solana blockchain and contribute to the development of the community in any way possible. According to Orca, a DEX built on top of the Solana blockchain, the airdrop resulted in approximately $20 million in trading volume. Since $BONK was listed across a number of popular crypto exchanges on December 30, 2022, the token has grown by over 2,000% in a week. Some projects built on Solana have already integrated $BONK as an option to make payments for NFTs, while others have provided users with the opportunity to earn BONK tokens for staking NFTs. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9
ENS can 30x - Important coin for EthereumENS looks absolutely bullish! We have a great volume on the indicator, as you can see on the chart, which confirms my bullish bias. The price recently broke out of the falling wedge reversal pattern and is now pumping. As per my Elliott Wave analysis, the corrective pattern should be completed. ENS is a very promising coin for the Ethereum Network. 30x is not impossible in 2024/2025. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Ethereum Name Service (ENS)? Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible. The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations.
Long
by Xanrox
5
HNT is starting a huge uptrend, time to buy?We can see that HNT Is starting something very big. The downtrend ended with a descending parallel channel, and now we are in a brand new uptrend. The WXYXZ Elliott Wave corrective pattern has been completed, and we have already started a new impulse wave. What about the volume indicator? We have an elevated bullish volume, which is very important and confirms my bullish bias. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature. Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities. Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT. The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable. In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
REQ can 10x in the next few weeks. Time to buy?REQ is something I want you to see. The consolidation by whales has been long, and it is time for a breakout. I want to give you some information about this coin before the pump, so you can buy it cheap. The WXY correction has been completed, so from the Elliott Wave perspective, this is a green flag. What about the volume indicator? Bullish volume is much higher, which is also good to see. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! The REQ token powers the Request Network open-source protocol via a few mechanisms: anti-spam; governance; staking; discounts; independency. The Request (REQ) utility token, launched in 2017, ensures the performance and stability of the Request Network. The Request Network itself is an Ethereum-based decentralized payment system where anyone can request a payment and receive money through secure means. It removes the requirement for third parties in order to provide a cheaper, more secure payment solution that works with all global currencies. When a user creates a request for payment, they define to which address the payment needs to be allocated and what the amount is. The user can also define the terms and conditions of the payment, upgrading a simple request into an invoice. Once this is completed, the user can share their request to be paid by their counterparty. Every step is documented and stored on the Request network, allowing everyone involved to easily keep track of all the invoices and payments for accounting purposes. Request is also integrated with legislation across the world to remain compliant with the trade laws of each individual country.
Long
by Xanrox
1
WIF - New coin, is 1400% possible? Here is whyWIF is another meme coin with a doge with a hat logo. A lot of exchanges are starting to list this coin, so prepare for a massive pump, but I need to warn you. You need to take profit when the pump ends; otherwise, you may be stuck in a bad trade for a long time (years). But in the short term, this coin can return 15x your investment. From a technical perspective, we can see that the coin is near its all-time high, which is really bullish. I see a strong impulse wave as well, which adds to my bullish bias. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. The meme coin WIF turned out to be one of the biggest hits in the Solana ecosystem recently, alongside bonk (BONK) According to the blockchain analytics platform Lookonchain, the whale calls themselves a “Binance insider” and “seems to want to tell everyone” that the token will be listed on the largest exchange by trading volume. WIF wouldn’t be the first Solana meme coin supported by the company (assuming it really has intentions to embrace it). In December, Binance listed Bonk Inu (BONK), contributing to the token’s all-time high price rally and its brief market cap ascent above $2 billion.
Long
by Xanrox
17
MOVR is forming a bullish flag, 306% profitMOVR is a very hot coin at this moment and is forming this bullish flag. It is a very bullish pattern with a potential profit of 306%. Take the poll of the flag and move it to the end of the bull flag; this is how you find out the profit target. Or you can use the Fibonacci extension tool to find the profit target another way. I prefer both of these scenarios. What you want to do is trade hot coins, not dead coins, and MOVR is definitely one of the top gainers at this moment. Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Long
by Xanrox
18
DATA (Streamr) is ready for a massive pump (2811%)DATA is starting something really huge. We can see that whales accumulated for a long time and now the price is breaking out of the accumulation phase. If we take a look at the volume indicator, we can see that the volume is astonishing. This definitely confirm our bullish bias. 2811% profit is not a sci-fi, but a real deal. Elliott Wave ABC corrective pattern is complete. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process. Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented). A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
11
OM can 12x in a few weeks. Buy now?Technical analysis Since my last technical analysis on OM, this coin made 190%. I believe this trend will continue in the next few weeks and month and soon we will hit a new all time high. We can see that the volume is extremely strong and whales are buying. There is absolutely no sign of weakness at this moment and the price action looks absolutely unstoppable. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About MANTRA MANTRA is on a mission to build the world’s preeminent and most-trusted decentralized finance ecosystem by bringing security, compliance and democratized access to DeFi. Through its flagship projects including MANTRA Finance and MANTRA Chain, MANTRA addresses key challenges that have held back institutional adoption of DeFi.
Long
by Xanrox
3
Bitcoin - Elliott wave technical analysisTechnical analysis This is my bitcoin Elliott Wave technical analysis. Currently, Bitcoin is very bullish, but the market always moves in waves, so we can expect some pullback on the way to the new all-time high. My Elliott Wave primary count suggests that we are currently in wave (3), and soon we should start a corrective ABC pattern back to 45,600 or to the upward trending trendline. The price is approaching the previous swing high on the daily chart, which is at 48950. This is the major resistance not only because of this swing high but also because of the 0.618 FIB retracement on the weekly chart (previous bear market). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Fundamental analysis Bitcoin Energy Consumption Over the past few decades, consumers have become more curious about their energy consumption and personal effects on climate change. When news stories started swirling regarding the possible negative effects of Bitcoin’s energy consumption, many became concerned about Bitcoin and criticized this energy usage. A report found that each Bitcoin transaction takes 1,173 KW hours of electricity, which can “power the typical American home for six weeks.” Another report calculates that the energy required by Bitcoin annually is more than the annual hourly energy usage of Finland, a country with a population of 5.5 million. The news has produced commentary from tech entrepreneurs to environmental activists to political leaders alike. In May 2021, Tesla CEO Elon Musk even stated that Tesla would no longer accept the cryptocurrency as payment, due to his concern regarding its environmental footprint. Though many of these individuals have condemned this issue and move on, some have prompted solutions: how do we make Bitcoin more energy efficient? Others have simply taken the defensive position, stating that the Bitcoin energy problem may be exaggerated. At present, miners are heavily reliant on renewable energy sources, with estimates suggesting that Bitcoin’s use of renewable energy may span anywhere from 40-75%. However, to this point, critics claim that increasing Bitcoin’s renewable energy usage will take away from solar sources powering other sectors and industries like hospitals, factories or homes. The Bitcoin mining community also attests that the expansion of mining can help lead to the construction of new solar and wind farms in the future. Furthermore, some who defend Bitcoin argue that the gold and banking sector — individually — consume twice the amount of energy as Bitcoin, making the criticism of Bitcoin’s energy consumption a nonstarter. Moreover, the energy consumption of Bitcoin can easily be tracked and traced, which the same cannot be said of the other two sectors. Those who defend Bitcoin also note that the complex validation process creates a more secure transaction system, which justifies the energy usage. Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin. Whereas with other financial sectors, this is not the case. For example, when calculating the carbon footprint of a payment processing system like Visa, they fail to calculate the energy required to print money or power ATMs, or smartphones, bank branches, security vehicles, among other components in the payment processing and banking supply chain. What exactly are governments and nonprofits doing to reduce Bitcoin energy consumption? Earlier this year in the U.S., a congressional hearing was held on the topic where politicians and tech figures discussed the future of crypto mining in the U.S, specifically highlighting their concerns regarding fossil fuel consumption. Leaders also discussed the current debate surrounding the coal-to-crypto trend, particularly regarding the number of coal plants in New York and Pennsylvania that are in the process of being repurposed into mining farms. Aside from congressional hearings, there are private sector crypto initiatives dedicated to solving environmental issues such as the Crypto Climate Accord and Bitcoin Mining Council. In fact, the Crypto Climate Accord proposes a plan to eliminate all greenhouse gas emissions by 2040, And, due to the innovative potential of Bitcoin, it is reasonable to believe that such grand plans may be achieved. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
3
ETH: Buy here for the long-termTechnical analysis Ethereum is very bullish, the price went above the trading range, which is a strong sign of strength. We want to wait for a retest of the trading range, do not FOMO in. Make sure your entry price is good! We can see that the ABC correction has been completed and we have already started a new impulse wave. This is my quick update on ETH. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Fundamental analysis What Makes Ethereum Unique? Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability. Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes. In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example, USDT, LINK and BNB. Since the emergence of Play2Earn games, there has been a substantial increase in interest in the ETH to PHP price. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
3
Bitcoin will hit a new ATH in a few months!Technical analysis Bitcoin proved in the last few days its bullishness and is ready to hit an all-time high in a few months! On the chart, you can see an ascending parallel channel that has already been retested, so there is no reason to go down. From the Elliott Wave perspective, we can see that the major wave (3) is in progress. The trend is starting to be exponential. I am expecting the end of the bull market in September 2025, with a price of around 120,000–140,000 USDT. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is the Lightning Network? The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties. The Lightning Network scales transaction capacity without incurring the costs associated with transactions and interventions on the underlying blockchain.
Long
by Xanrox
8