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Bitcoin HODLers’ confidence has these sermons for investorsBitcoin the largest cryptocurrency has had quite a tough ride since its inception. However, no matter what the market conditions were, a group of HOLDers has continued to maintain strong support despite numerous price corrections. Bitcoin’s one of the key on-chain metrics showcased a vital sign to narrate or rather highlight a sign of investors’ confidence. The percentage of Bitcoin’s circulating supply held on cryptocurrency exchanges dropped below the 10% mark. This occurred for the first time since the BTC price hit a $3,200 low back in December 2018, at the bottom of crypto winter. According to on-chain analytics firm Santiment, last month’s volatility in cryptocurrency markets “caused an inflex of BTC moving to exchanges for panic sells.” The low supply being held on exchanges, the firm says, is a “sign of hodler confidence.” Interestingly, these holders maintained an impressive record of saving their coins regardless of a bear market. Well, the latest data from Glassnode shows, that Bitcoin long-term holders currently own around 90% of the total supply in profit.
BITSTAMP:BTCUSDLong
by Gary233333
Dogecoin Now Accepted by Porsche Dealer!Dogecoin price is rebounding alongside the general cryptocurrency market. At the time of publication, Dogecoin was trading up 2.18% at $0.1423. Porsche Towson, Baltimore’s only exclusive Porsche centre, has partnered with cryptocurrency payment processor BitPay to accept digital assets, according to an announcement made earlier this Tuesday. Notably, the dealership, which offers both new and used Porsche cars, now accepts Dogecoin on top of more conventional cryptocurrencies such as Bitcoin. In separate news, The official mobile app of AMC Theatres, the world’s largest movie theatre chain, now allows users to purchase tickets with Dogecoin, according to an announcement made by CEO Adam Aron. Key Levels Resistance Levels: $0.2150, $0.1880, $0.1550 Support Levels: $0.1325, $0.1255, $0.1067
COINBASE:DOGEUSD
by GerradFletcher
Attention, dear holders!As you can see, the chart shows very clear that it is following the similer pattern of the Last year. So there is two possibilities due to the indicator and technical analysis. The first one with less possibility is that it will have the exact process. The second one is that we will have a vacillation in green area like for two months or two candles. Well in short scales, it is a good opportunity for the traders to get 💰. Please comment your ideas and like if you feel agree👍
by gamerplus270
ADA Smart Contracts Scalability IssueHi Guys, ADA / USDT The launch of smart contracts on ADA's public TESTNET has shone a light on old protocol design challenges. Key Takeaways ADA's EUTXO-based protocol design has proven challenging for decentralized application developers. Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week. While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions. ADA, the third-largest cryptocurrency with a market cap of over $82.8 billion, has become the subject of criticism as its ecosystem infrastructure does not allow for the most basic decentralized applications to function without facing immediate scaling issues. ADA is facing a major scalability hurdle. Input Output, the development company behind Cardano (ADA), announced the launch of the Plutus smart contract functionality on testnet last Thursday. Since the update went live, Minswap, the first decentralized exchange to launch on testnet, has run into severe scaling issues, raising concerns about Cardano’s capability to run smart contracts. Always leave a like, follow and share our ideas daily. TRADE SAFE.
by GerradFletcher
3
BITCOIN/crypto market updateI feel the bearish market is nearly over. but until the next USA movement about the tax or whatever it can be a fallback again. as we see it's on a descending channel and is following it down until a good break. right now has good support on 47. If Biden or whoever came with bad news or whatever I think bitcoin price not going more than 39 down. try to but in different steps, every last amateur are going out and pro s and holders are waiting for their gains. GOOD LUCK.
by Pdrm_z