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Axie

Hacked? The Problem With Cross-Chain Tokens and PlatformsLately there has been an increase in hacking activities in crypto and Web3 related projects as whole, as hackers target smaller projects and platforms to siphon money out of vulnerable systems. To be clear, none of the major protocols or coins has EVER been breached - Bitcoin, Ethereum, Dogecoin, Tezos, etc. The protocol has always been safe, and decentralized. But individual projects and platforms (including DAOs and DeFis) might be vulnerable. Crypto projects get hacked in two main ways: 1) For efficiency/speeds, crypto projects built on top of certain blockchains often have to be centralized to some extent in order to get the results needed. This often leads to vulnerabilities that can be targeted by hackers (ex. 1 login/password that gives the intruder access to everything). 2) 51% attacks - if the hackers are willing to front enough money to own 51%+ of the tokens, they can use that leverage to basically control the whole blockchain for their own purposes at any time. This gets more difficult as the network grows (since it becomes more expensive to reach 51%+) but smaller blockchain projects are vulnerable to these types of attacks since it requires much less resources than trying to target larger networks. (The major coins out there are basically impossible to 51% attack at this point.) Because Web3 projects is still in its early stages at this point, breaches like these may become more commonplace and people may end up losing a lot of money if they're not careful. Buyer beware, either way. According to Vitalik, the solution to this problem is Maximalism a "healthy intolerance" of other forms of thinking. (This is an April Fools joke, just in case. lol) vitalik.ca
Long
by RyanTanaka
SLP Prediction for Long TermIn the daily timeframe of SLP, we have ended the bearish cycle. We are now currently in the beginning of a bullish cycle. Using Elliot Wave Fibonacci levels, I predict that we will hit 0.0566 , from there we will retrace to 0.0410 , and lastly we will jump high to 0.0855 . In the retracement for wave 2 there is a double EMA cross which is a good buy signal for long term. Looking as well on the volume, we had a high volume rally in wave 1 and the retracement was low volume, this is a good sign that SLP will go very high in the near future. SLP is now on the bullish cycle and I think that SLP will reach its ATH by the end of the year. Origin is fast approaching and once it comes out, we will see the biggest pump of SLP for this year. As long as SLP is above the RSI level, SLP will have good results.
Long
by elexicius
Axie: Infinity hack or going back? Axie Infinity, ,the world’s largest non-fungible token (NFT) blockchain game and a successful web3 game in which players use NFT digital pets, called Axies, to interact with the game's community. Players can use their Axies to battle other players and to breed new Axies. You have probably heard the hot news headlines these days That ,Axie Infinity, the world’s largest NFT blockchain game, has been hacked for $620 million (THE LARGEST HACK IN DEFI HISTORY 😱😵)! Axie Infinity,was hacked on Tuesday after the Ronin network validators were infiltrated. The validators were compromised as early as March 23, according to Sky Mavis, the business behind the Axie Infinity project. (Ronin Network, which is also owned by Vietnamese parent company Sky Mavis, allows players to exchange the digital coins they earn in Axie Infinity with other cryptocurrencies like Ethereum.) This news can have consequences for it , and we maybe even see heavy falls in the future . Anyway, this is just a possibility, and given the strong team who it has, we should see what does the AXIE team do later or choose another network instead of the Ronin network and compensate the investors. Or not! so Regardles what happend lets have an analysis on the AXIE chart ! ------------------------------------------------------------------------------------------------------------------- 📊Technical As you can see on weekly timeframe for axsusdt ,Since 2021 it has had a massive growth till now (<138000 %), and after touching $166 as its ATH it had been corrected by more than 70% retracement , but in the past week it printed a good and bullish candle and jumped about 36% , so today it is struggling with the pivot zone , and if be able to break it out it can rise to next resistance zone. also by impact of recent news there is a possibility to decline and it can return back to support zone again . and if it loses the support zone it can also drop to lower support zones respectively. 🛑resistance zone: $123-132/// 🆚pivot zone: $63-$72 ❇️support zone : $40-44///$17-20 -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
by PRO_SMART_Trader
2
SLP BIG SIGNALSDue to the recent news, the Ronin ecosystem was hacked. Lots of people got scared which resulted a dump in most coins like AXS, RON, and SLP. SLP went down to about 16% because of the FUD. Focusing in the chart, signals are getting stronger and stronger. The hidden bullish divergence we have is still intact, the longer it stays that way the bigger the pump once the divergence plays out. We have a big bullish butterfly pattern and a double bottom appearing in the 1H TF. If the RSI breaks the resistance which is the black line, we will go up. We could reach levels: 0.0226, 0.0229, 0.0238 , and most likely higher once Origin comes out. If Sky Mavis continues to release the alpha test for Origin despite the hacking that happened, we will pump big. This is a good opportunity for them to release Origin. Big reversal will come anytime soon.
by elexicius
Axie Infinity Daily Chart AnalysisYesterday we looked at Axie Infinity (AXSBTC) on the weekly/long-term chart... Today we will have a look at the daily timeframe. First, we can see how nicely EMA50 and EMA100 match the Fibonacci numbers. We have the highest volume bar since November 2021 and a break above EMA50 yesterday and EMA100 today. Bullish indicators, MACD and RSI. Now, my reason to post this is to show you the next target. The main resistance short-term for this bullish move is the 1.618 Fib. extension level at 0.002061. It is possible to have a correction or small retrace after this level is reached and then another jump to 2.618 Fib. which is sitting at 0.002633. If you are trading this daily, you now have a better view of what is going to happen next. I hope you enjoyed this analysis. Thanks a lot for the continued support. I Love You! :D Namaste.
Long
by AlanSantana
2
Axie Infinity Eternal Uptrend vs Correction, Bullish Jump Ahead!Here is one of those Altcoins with an "Eternal uptrend". We can see the classic 5 wave count from our friend R.N. Elliot, followed by an ABC correction that landed at EMA50 and/or the 0.618 Fib. retracement level for the last bullish wave. This can signal that a new jump is about to take place. Zoom in on the correction: We can see the descending channel being broken. EMA50 working as support. The new +1 count on the TD sequential, A this weekly candles bullish jump. How do you like it? Thanks a lot for the continued support. Namaste.
Long
by AlanSantana
4