SUI Aims Higher!!Bullish move up from holding the VAL. A few demand zones shown below where a nice bounce can happen. The daily level above and golden pocket would be the target.
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Layer0
DOT READY TO BOOM AFTER A PULLBACK!!
#Polkadot it failing to flip the local resistance into support. We have a monthly POC and the 0.618 fib level below to hold as support. If we can get a bounce there, I would expect PA to push higher to try and flip the blue box into support next!
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(ATOM) COSMOSBuy signal from supertrend. Green line really far away from the current price. Strong indicator of buying signal. Keep in mind most crypto depends on BTC. If the signal for BTC is strong to progress in an uptrend, then the signal for ATOM is also good. Not that cryptocurrency cannot succeed independent of BTC, it's not often and far and few between. I happened to come across this signal today after realizing what I need to look for and poof I find this ATOM indicator chart quite quickly.
MAJOR RESISTANCE TREND LINE NEEDS TO BREAK!!Keep it simple.
Once trend line is broken and retested, time to long.
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Breakout by Breakout | Long BiasWeekly Chart
Wait a breakout and close above 1.9 that's confirm for next bullish up to 3.1
Chart 4H TF
RUNE is trading around 1.82x it closed above 1.72 and moving up to 2
RUNE can go up and down in range 1.7 - 2 awhile before breakout, so this time for collect part by part.
Time will tell
Which scenario will be happened? World Coin BINANCE:WLDUSDT has soared to resistance at 1.393 then pulling back to 1.135 now.
World Coin has the support by ascending trend line
Now, price is in consolidation phase and declined a few times 1.12
If WLD can break and close above 1.15, I expect WLD will go up higher. Otherwise, it closes below the trend line and down to the support at 1.09
Just wait and see what happen
ATOM Looks Bullish!!Long Entry Trigger
Cosmos Has found support above a pivot low and has also swept those lows.
Buying pressure seems to have come in and it's now consolidating above support.
The most probable outcome is that the price moves a little higher from here.
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AVAX Golden Zone & Trend Break!?1AVAX has retraced to the golden pocket Fibonacci zone and has held the level long enough to break through the downtrend. This in my opinion is bullish and if Bitcoin stays neutral or becomes bullish, AVAX should have a strong move up from this level.
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Polkadot - In accumulation phase - Best time to buyPolkadot is in a big accumulation phase. This is when you buy into the ticket and wait. Depending on asset it could take months to years. In this case I would consider years. Eventually it will break up above 12$ and the recovery phase will begin.
Right now polkadot is very undervalued due to whats being built on their chain.
Layer 0 Blockchains ExplainedHello everybody.
Today i will explain What is Layer Zero Blockchains and How it work
and whats the difference betweem L1 and L0 ?
Lets go...
First take a look at The Scalability Trilemma :
the scalability trilemma is a series of trade-offs between decentralization, speed/scalability, and security
that one must make when designing a blockchain and constructing rules for its on-chain governance.
Centralization = Increased Speed, Decreased Security & Censorship Resistance
Decentralization = Decreased Speed, Increased Security & Censorship Resistance
It is very difficult , if not impossible, to achieve perfect decentralization without compromising scalability, and vice versa.
This is especially true on a monolithic blockchain where all the critical functions like transaction execution, consensus and data availability
(the ability to verify that all the data from new blocks has been published) are managed by a single network,
increasing the likelihood of congestion and making it much more difficult to scale.
A workaround to the scalability trilemma is to delegate the primary responsibility for these 3 functions to different independent blockchains.
This design ensures that the execution chain can be optimized for handling high TPS dapps like a DEX or play-to-earn game without worrying about decentralization.
A second chain can then be optimized for decentralization and serve as a final consensus layer for the execution chain to enable withdrawals to and anchor its data.
When it comes to scalability, layer 0 networks can help blockchain scale by increasing transaction throughput.
While transaction speed is typically measured in terms of TPS (transactions per second), transaction throughput looks at the total number of transactions that a network can handle at one time.
The Problem with Layer 1s
As the demand for Dapps increases and more capital flows into the space to support development, we are beginning to see the growing pains of layer 1 networks as they struggle to meet the needs of developers and end users who have opposing views on whether dapps should prioritize scalability, security or decentralization.
Layer 1 networks are built with a monolithic architecture. This means that the execution, consensus and data availability layers are all functioning within a single blockchain network. This stacked design places a strain on the system and results in the need for blockchains to comprise decentralization for security, or scalability for decentralization.
In addition, the lack of control over the underlying infrastructure that dapp developers build on top of has also been a cause of much frustration. Rising gas fees on the Ethereum network make all ethereum dapps too expensive to use, while unexpected downtime on the Solana network similarly makes all dapps on Solana also go offline.
Dapp developers must also make compromises in how they design their dapps in order to remain compatible with these L1 networks, and lack the ability to explore different consensus mechanisms or to experiment freely with token incentive models because consensus is a primary function of the L1 infrastructure layer. The overdependence on L1’s and difficult tradeoffs imposed by the scalability trilemma can only be remedied by creating a new base infrastructure that empowers developers to launch their own independent blockchains that can be optimized for different aspects of the scalability trilemma.
This base infrastructure is called layer 0, and it is the single most important component for helping blockchains and decentralized applications achieve limitless scalability while maintaining the highest possible levels of decentralization and censorship resistance.
What is a Layer 0 Blockchain?
A layer 0 is a type of protocol that enables developers to launch multiple layer 1 blockchains that can be designed to each serve a specific purpose and cater to 1 or 2 dimensions of the scalability trilemma as opposed to all 3.
These L1 networks can also be made to communicate with each other such that the end user can have the experience of using one blockchain while they are in fact using multiple.
Layer 0 (L0) networks are equipped with software development tool kits or SDKs that allow developers to launch their own blockchains, known as Layer 1s or L1s or sidechains, that are connected to the L0 mainchain but operate independently.
Diffrences Between Layer-0 vs. layer-1 blockchains
You can see some main differences between L0 and L1 blockchains in picture below:'
I hope you enjoy this Article
please share me your opinion in comments.
Good Luck...
POKT is but a huge bubble waiting to burstYou see the videos, the testimonies, the interviews, consider this a good project, based on fundamentals, use case, revenue, etc. You convince yourself it's a great investment, you follow them on every social media, see a thriving community and the opportunity to make millions in the long term. Consider running your very own node to reap good rewards, or joining a pool. Create your wallet, buy some POKT, stake it, and keep calm knowing that you made a great desition.
That is until you read the pinned posts and check the first two ones: Total supply, and circulating supply.
Total supply
848,280,316,053,890*
supply(dot)research(dot)pokt(dot)network:8192/total
Circulating supply
668,086,253,540,202*
supply(dot)research(dot)pokt(dot)network:8192/circulating
Something seems odd... How can a crypto with such a huge amount of tokens be worth so much? (~$1.4)
With these numbers it's market cap would be at around $1,187,592,442,475,446. More than one QUADRILLION dollars. Now you know for certain something is fishy.
Maybe it's the fact that it hasn't been listed on mayor exchanges, and lack of liquidity is driving the prices rampant, but once the node runners and stakers are able to flood the market with their tokens to offset the hardware, maintenance, and investment cost this token will be worth next to nothing. The team knows this, the team wanst this to happen, not because they're bad people conspiring against their backers, but because they want to make the pocket network a really viable solution to their customers. Having they pay as little as possible, so the network has a real use. However this doesn't change the fact that the price is way over-inflated.
They are doing some proposals to solve this, but so far the developers don't seem to be eager to implement lower interest rates, nor a burning mecanism. So the point remains. Making an absurd comparisson with other tokens that have humongus total supply this project's token shouldn't be priced above $0.005 USD. Keep that in mind.
*At the time of writing, UTC-6 1:49 PM; it gets updated with every block, aproximately every 15 minutes.
Polkadot Update: 11% away from ATH next Target $73 @ 161.80%Polkadot Update 20/10/21: 11% away from ATH @ $49.45, the next Target $73 @ 161.80% Fibs. Happy Trading
Polkadot Update 19/10/21: Bullish Bias still holds! Please See Previous analysis below. Buy Signal from Script triggered on the 1st August: Fast EMA Crossover Slow SMA .
Confirmed reversal, Polkadot Buy Signal from Script triggered: EMA Crossover SMA just below the 23.60% fibonacci level, 43% gain from here to retest the 200 MA. Use buy zone to map your buys. Swing target from here is 160% gain from $18.92 to $49.75.
Current Price Targets: 20/10/21
127.20% Fibs @ $60.08 (35% Gain from current price level)
161.80% Fibs @ $73.59 (66% Gain from current price level)
261.80% Fubs @ $112.66 (155% Gain from current price level)
Happy Trading :)
See previous analysis below.
Polkadot (Dot) Buy opportunity! Potential 50%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano , Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .