solana

Bitcoin rose 0.6% on Tuesday, ending the day around $38,700. Ethereum added 3.7%, while other leading altcoins in the top 10 are growing: from 0.5% (Binance Coin) to 12.8% (Solana). The total capitalisation of the crypto market, according to CoinGecko, rose 1.5% to $1.86 trillion overnight. Bitcoin hit a week-and-a-half high above $39,000 on Tuesday but then pulled back, offsetting almost all of the gains. The first cryptocurrency was boosted by positive stock indexes and a weakening dollar, but sellers began taking profits on long positions. Over the last eight days, BTC gained almost 20%, recouping more than half of the failure of the second half of January, and buyers decided not to take risks. Ahead is solid psychological resistance at the circular $40,000 level, which supported the first half of January. Technically, Bitcoin has stalled its gains as it approaches the upper boundary of the descending channel. Traders are waiting for new signals about whether the recovery in risk demand will continue or whether the latest rebound will soon be choked off. The result of this struggle will determine whether we will see a break from the downtrend or whether the downtrend will continue again. El Salvador president Nayib Bukele is confident that bitcoin will still show tremendous growth. It's all about the fact that there are 50 million millionaires in the world. If they wanted to buy a coin, there wouldn't be enough for everyone, as the entire bitcoin issue wouldn't exceed 21 million. MicroStrategy added another 660 BTC on the recent market decline. In total, MicroStrategy already has more than 125,000 bitcoins. Russian government officials told Bloomberg that Russians own $214 billion worth of cryptocurrencies. That's about 12% of the total crypto market capitalisation.

Shiba Inu is seeing lower highs and lower lows compressing price action around $0.00002179. SHIB price is next set for a bullish breakout with several tailwinds present in equities. Expect for SHIB bulls to lift price action back above the 200-day SMA, potentially gaining 24%. Shiba Inu (SHIB) has been stuck in consolidation since January 22 with lower highs and higher lows, punching in both buyers and sellers towards each other with the scene set for a breakout. From the looks of it, that will be a bullish breakout, supported by tailwinds from global equities being on the front foot, with the Nasdaq leading the charge. Expect bulls to break above the 200-day Simple Moving Average (SMA) in the process, and try to reach $0.00002782, the 78.6% Fibonacci level. SHIB bullish breakout holding 28% gains Shiba Inu price may have had its low for the year after hitting $0.00001730 on January 22. Since then, the price has shifted a bit sideways around $0.00002170, with lower highs and higher lows going for consolidation between buyers and sellers. The price in SHIB is so condensed now that a breakout is due. As global markets are on the front foot and risk assets are leading the charge, these tailwinds will spin-off towards cryptocurrencies and set the stage for a bullish breakout towards $0.00002782 as target. SHIB price will, in that process, take out the 200-day Simple Moving Average (SMA) at $0.00002562, which does not hold much importance seeing it only got breached on one occasion. Bulls will instead want to look out for $0.00002782, which is the 78.6% Fibonacci level and is an essential indicator that there might be an uptrend in the making. More upside will depend on how the tailwinds behave as the 55-day SMA looks quite heavy around $0.00003000. SHIB/USD daily chart Alternatively, the consolidation could still see a bearish breakout, with bears trapping bulls and running price action back to $0.00001730, or possibly even $0.00001500 back down onto the monthly S1 support level. The reason for the bearish breakout could come from very choppy economic data that could start to point to a global recession with elevated prices and job numbers worsening again. That would trigger a global risk-off wave that could put cryptocurrencies on the backfoot.

TL;DR Solana is a blockchain network focused on fast transactions and high throughput. It uses a unique method of ordering transactions to improve its speed. Users can pay their transaction fees and interact with smart contracts with SOL, the network’s native cryptocurrency. Introduction When it comes to blockchain technology, scalability is one of the biggest challenges out there. As these networks grow, they often face limitations in terms of transaction speed and confirmation times. Solana aims to tackle these limitations without compromising security or decentralization. Founded in 2017 by Anatoly Yakovenko from Solana Labs, the Solana blockchain adopts a new method of verifying transactions. Bitcoin, Ethereum, and many other projects suffer from scalability and speed issues. Using a method known as Proof of History (PoH), the Solana blockchain can handle thousands of transactions per second. Learn more on Binance.com     How does Solana work? Solana is a third-generation, Proof of Stake blockchain. It has implemented a unique way of creating a trustless system for determining the time of a transaction called Proof of History. Keeping track of the order of transactions is hugely vital for cryptocurrencies. Bitcoin does this by bundling transactions into blocks with a single timestamp. Each node has to validate these blocks in consensus with other nodes. This process adds in a significant waiting time for nodes to confirm a block across the network. Solana instead takes a different approach. Let’s take a closer look. What is Proof of History? Solana events and transactions are all hashed using the SHA256 hash function. This function takes an input and produces a unique output that is extremely difficult to predict. Solana takes the output of a transaction and uses it as the input for the next hash. The order of the transactions is now inbuilt into the hashed output. This hashing process creates a long, unbroken chain of hashed transactions. This feature makes a clear, verifiable order of transactions that a validator adds to a block, without the need for a conventional timestamp. Hashing also requires a certain amount of time to complete, meaning validators can easily verify how much time has passed. Proof of History differs from the process Bitcoin uses as part of its Proof of Work consensus mechanism. Blocks on Bitcoin are large groups of unordered transactions. Each BTC miner adds the time and date to the block they mine based on their local clock. The time may differ according to other nodes or even be false. Nodes then have to figure out if the timestamp is valid. By ordering the transactions in a chain of hashes, validators process and transmit less information in each block. Using a hashed version of the latest state of transactions greatly reduces the time of confirming a new block. It’s important to understand that Proof of History is not a consensus mechanism. It is instead a way of improving the time spent confirming the order of transactions. When combined with proof of stake, selecting the next validator for a block is much easier. Nodes need less time to validate the order of transactions, meaning the network chooses a new validator quicker.   Solana’s key features According to their blog, the Solana team has developed eight core technical features to help the blockchain match the capabilities of a centralized system. Proof of History is perhaps the most notable one, but there are also: Tower BFT — a PoH-optimized version of Practical Byzantine Fault Tolerance Turbine — a block propagation protocol Gulf Stream — Mempool-less transaction forwarding protocol Sealevel — Parallel smart contracts run-time Pipelining — a Transaction Processing Unit for validation optimization Cloudbreak — Horizontally-Scaled Accounts Database Archivers — Distributed ledger storage These features create a high-performance network that has 400ms block times and operates thousands of transactions per second. To put this in perspective, the block time of Bitcoin is around 10 minutes, and Ethereum roughly 15 seconds. SOL holders can stake their tokens as part of the blockchain’s PoS consensus mechanism. With a compatible crypto wallet, you can stake your tokens with validators who process the network’s transactions. A successful validator then shares some rewards with those who have staked. This reward mechanism incentivizes validators and delegators to act in the network’s interest. As of May 2021, Solana has around 900 validators, which makes it a fairly decentralized network. What is SOL token? SOL is Solana’s native cryptocurrency, which works as a utility token. Users need SOL to pay transaction fees when making transfers or interacting with smart contracts. The network burns SOL as part of its deflationary model. SOL holders can also become network validators. Like Ethereum, Solana allows developers to build smart contracts and create projects based on the blockchain. SOL uses the SPL protocol. SPL is the token standard of the Solana blockchain, similar to ERC20 on Ethereum. The SOL token has two main use cases: Paying for transaction fees incurred when using the network or smart contracts. Staking tokens as part of the Proof of Stake consensus mechanism. DApps building on Solana are also creating new SOL use cases. For example, Chainvote is creating a (decentralized finance) DeFi voting app for corporate governance using SOL tokens to vote. Solana’s price saw an almost 30 times increase in the first two quarters of 2021, making it a popular pick with investors and speculators.   How to store SOL? You can store SOL tokens on the sollet.io crypto wallet (developed by Serum Academy), Trust Wallet for mobile devices, and other SPL-supporting wallets. If you wish to stake your SOL, you will need to use a wallet that supports staking. You could use SolFlare wallet or use Solana command-line tools. Your wallet will allow you to create a stake account and delegate your SOL tokens to a validator. Closing thoughts As a relatively new project, Solana has provided the benefits it promises in speed and scalability. Its token price has also performed well, piquing the interest of investors. Nevertheless, the adoption and usage of the network itself are still in their infancy. Until we see heavy traffic and more use cases of Solana, we won’t know whether its speed makes much difference to the cryptocurrency world. Having a quick network is good, but the benefits of that only come when more people start to use it more and we see more use cases.

XRP and Solana have both lost around 6% over the past 24 hours, falling amid a general reduction in risk traction in the markets and the two largest cryptocurrencies. Despite the apparent depth of the pullback, XRP remains 32% above levels from a week earlier, and the current retreat is well within Fibonacci technical correction from the rally of the past eight days. A drop below $0.78 would signal a deeper correction and open a quick path to $0.75. If all of February's gains are entirely nullified in the coming week and quotes pull back to below $0.60, it would be safe to speak of a new depressed period with a long-term downside potential of 50% to $0.3. The technical picture in Solana and Polkadot is worse, as a shadow hangs over them. The rise from January 28th to February 7th looked like a technical rebound after being oversold since November. But this growth momentum is quickly fading. We can say for this coin that without positivity for the overall market, it will continue to lose ground faster than BTC and ETH.

TL;DR SolScan is an alternative Solana blockchain explorer. It gives you access to blockchain data regarding transactions, contracts, accounts, and more. If you regularly use Solana or do any troubleshooting, understanding how to use a blockchain explorer is extremely useful. SolScan also has DeFi and NFT dashboards and an analytics platform to browse. You can also use their API to create customized feeds for yourself. All of these are found in the header of the website.   Introduction Solana is a Proof of Stake (PoS) blockchain where project developers can build DApps, tokens, and smart contracts. Like any other active chain, users need an intuitive way to access the blockchain data. Similar to BscScan and EtherScan, Solana also has a dedicated block explorer called SolScan. Let's run through its most important features and a few basic tutorials.     What is SolScan? SolScan is a blockchain explorer used to search through information on the Solana blockchain. It’s a popular alternative to the official Solana explorer. SolScan turns complex transactional data into something that can be easily read. The block explorer provides access to anything recorded on-chain, including crypto transactions, addresses, smart contracts, blocks, tokens, and more. It’s free to use and doesn’t require an account, but you can create one and log in for enhanced functionality.   Why should I use SolScan? Using a blockchain explorer is essential for anyone transacting with a network. If you aren’t sure where your staked funds have gone, or perhaps a transaction is still pending, you can use SolScan to find out what’s happened. All information on SolScan comes directly from the Solana blockchain, so you can be sure it’s accurate. Using SolScan or any blockchain explorer will help you understand the mechanics of DApps you interact with and the transactions you make. SolScan uses the same format as EtherScan, making it easier to understand. Many users prefer its layout to SolScan’s official explorer. It’s all free to use and contains several useful tools, lists, and analytical graphs. The explorer also contains a set of public APIs that can leverage real-time data from SolScan into custom, third-party applications, and tools.   How to look up transactions and addresses on SolScan? One of SolScan’s most-used features is the search function for transactions and addresses. With the correct hash, you can quickly access a large amount of information. This includes transaction fees, confirmations, timestamps, addresses involved, and more. Transactions 1. Every Solana transaction is recorded on the Solana mainnet with a signature. This is a long string of numbers and letters that looks like this:  5JLcGJQfZjEEuh1bSDqyw2iEfLuFRoYRJY1paoSwrZC8c8zZFW3VqvxsJgjW3bsUjTrpEUDEtvs83PxsuR6hUWqz 2. Copy and paste the signature into SolScan’s search bar and hit enter.     3. You’ll now see all available information about the transaction you searched. This is divided into three categories: [Overview], [SOL Balance Change], and [Token Balance Change].     4. The [Overview] category will have most of the details you need. Let’s go through the list: Signature An alphanumeric string uniquely assigned to each transaction. It’s an identifier similar to Ethereum’s Transaction Hash or TxID. Block The block number your transaction was processed in. These numbers are sequential and indicate your transaction’s placement within the blockchain’s history. Timestamp The timestamp associated with the block in which your transaction was processed. Result The transaction’s confirmation status. Signer The wallet address that initiated the transaction. Fee The fee paid for the transaction. Main Actions An overview of the activities associated with the transaction. Previous Block Hash The alphanumeric hash to identify the previous block. Instruction Details A detailed log of the transaction’s actions. Program Log A detailed log of the instructions/actions results.   5. For further information, the [SOL Balance Change] and [Token Balance Change] tabs provide data on the transaction’s token balance changes for all parties involved. Addresses A similar method can be used to find out more about an individual address. You can then check a detailed history of the address's activities. This can give you an overview of the transactions and smart contract interactions of a particular wallet. 1. Find the Solana address you want to look at. It’s shorter than a signature and looks something like this:  138KHwTqKNWGLoo8fK5i8UxYtwoC5tC8o7M9rY1CDEjT 2. Copy and paste the address into SolScan’s search bar and hit Enter.     3. You’ll now see all available information about the account you searched for. The [Overview] section shows current account balances, while the bottom tabs deal mainly with transaction history.     How to find tokens on SolScan? Tokens are easily verifiable on SolScan and you can get a full display of their details. You just need to: 1. Copy and paste the token address into SolScan’s search bar and hit enter. In this example, we’ve used a wrapped version of Bitcoin (BTC), but you can also use a wrapped version of Ethereum (ETH) or any other SPL-token in the Solana network. The token address looks like this:  9n4nbM75f5Ui33ZbPYXn59EwSgE8CGsHtAeTH5YFeJ9E 2. If you entered the address correctly, you would see the following information.     Tokens Fully Diluted Market Cap This is the max total supply multiplied by the token’s current price. It’s called diluted because it also includes locked tokens. Max Total Supply The total number of tokens that will ever exist for a particular cryptocurrency, whether previously mined or issued in the future. Holders The number of addresses holding the token. Social Channels Links to the token’s official social media channels. Token name The name and ticker of the token in the format: [token name (TICKER)]. Token address Unique alphanumeric address assigned as an identifier for each token. Owner Program A class type and unique ID indicating the specific owner program responsible for reading and writing data to the blockchain. Authority The account (usually multi-signature) that has authority to validate transactions within the network. Decimals How divisible a single token is (the number of decimals allowed). Tags Descriptive tags used to indicate the nature of the token. It can be used to find similarly categorized tokens. Transactions A complete and sequentially ordered list of all token transactions. Holders A full list of all accounts holding the token ordered by total quantity held and percentage share. Analysis Graphs on token distribution and holders. Markets A list of all known markets and pairs supporting the token.   How do I find Solana’s active accounts? 1. You can find out the number of active accounts and other key blockchain metrics by clicking [Analytics].     2. The SolScan analytics page has a wide range of information about network nodes, transactions per second (TPS), new tokens, new NFTs, and more. Under the [Accounts] header, you can find the number of daily active wallets.     3. Note that you can select different periods at the top right corner.     How to access DeFi dashboards on SolScan 1. Some of the largest DEXs in the Solana ecosystem have dashboards built into the Solana block explorer. You can find them quickly under the [Defi] tab.     2. Let’s take a look at Orca. This dashboard shows basic information on Total Value Locked (TVL), volume, and active trading pairs available in their liquidity pools.     How to access the NFT dashboard on SolScan 1. SolScan makes it easy to see new NFTs, trades, and collections with the NFT dashboard. You can find the section in the website header.     2. The NFT dashboard will let you search through any NFT available on Solana. The [Collections] tab will give you a list of NFT projects based on volume. The [Trades] tab will show the most recent sales, while the [New NFTs] will list the most recent mints.       Closing thoughts Whether you want to inspect your latest Metaverse NFTs, investigate a node, or check the wallets of a new startup, you will need a Solana block explorer. This tool is an integral part of any blockchain network’s ecosystem. SolScan has become one of the most used within the Solana community, so understanding its layout and UI can certainly help.

Today, Crypto markets continue to see plenty of fresh demand, taking this week’s fightback to two days. Strong buying is a good turn for holders and buyers as price has been beaten down in recent weeks due to the ongoing conflict between Russia and Ukraine. For many coins, yesterday’s finish was far from confident, but that’s a memory at this point today with quite a modest double-digit percentage gains at the moment. The top 10 and 25 are all in the mix, and the indexes of those coins are a healthy +6% higher. One might have been a little worried about external factors like Bidens crypto executive order and the ongoing conflict in Europe. Biden is set to release the order this week, and traders will be watching with interest in the details and how it could change the way the U.S. treats digital assets. Today we are looking at two of the top 20. These two coins are favourites of the market but not in the top five. Solana SOLUSD – currently price is trading 8% higher back above $88. For now, buyer momentum looks firm, and we need to see price hold above 80.60 support. This is the base of our expectations on the buy-side, and a break below that level writes off the other patterns we are watching. Overall, we can see that price is in a descending triangle pattern and an ending diagonal pattern. Both of these can be seen as breakout patterns if confirmed by a new move out of them. But we have to see support hold. Avalanche AVAXUSD is one of my favourite coins just due to how much it can move. It reminds me of some of the wilder FX and index markets. AVAX has traded as much as 9.88% higher, retaking $79. AVAX, like SOL has key support to defend, but we can see a break of the downtrend with a range in play and a new uptrend continuing to set up. We want to see 71.10 remain in play as support. A break below changes the picture, but while this level remains held, we will look for further upside. 85.55 looks like the next level of resistance if reached. The post Crypto Update: Buyers Return, Solana Avalanche focus appeared first on Eightcap.

As shown here, solana is at the tip of the falling wedge pattern. The question here is, “will solana break out of the falling wedge to the upward direction or downward?” What do you think? Share your opinion in the comment section You can also demand for analysis of your preferred coin Happy Trading https://www.tradingview.com/chart/SOLUSDT/SVxW6fBz-SOLANA-AT-BREAKOUT-POINT/ Join my FREE Telegram Channel for daily updates and signals https://t.me/Petrock_Signals

ETH investment funds reach record-high inflows in 13 weeks. EU parliament votes against ban on Proof-of-Work consensus. Layer 2 solution developer StarkWareLtd raises $100M at $6B valuation. Key Takeaways Ethereum (ETH) investment funds recorded their largest inflows in 13 weeks against a discouraging investment backdrop. In addition, the Eth 2.0 deposit contract crossed the 10M ETH mark as the community continues to support the network’s transition. The European Parliament voted against a proposed ban on proof-of-work (PoW) mining under the Markets in Crypto-Assets (MiCA) legislation, which would have blocked member states from mining PoW cryptocurrencies like Bitcoin (BTC). Layer 2 solution developer StarkWare raised USD 100M at a $6B valuation. StarkWare provides two layer 2 solutions, StarkEx and StarkNet. Recently, the developer launched StarkNet at the end of February. Cronos (CRO) saw a +8.07% increase in total transactions to 21.55M, while its TVL grew to $2.73B (+14.51% week-on-week). The total number of wallet addresses now stands at 442,534, up +3.94% from last week. Highlights Ethereum ‘Merge’ edging closer with final Kiln testnet launch Ethereum gas fees drop to lowest levels since August 2021 Block’s wallet will have a fingerprint sensor, not a screen Now You can try ‘teleporting’ bitcoin for greater privacy with CoinSwaps How El Salvador is fixing Chivo Wallet, trying to get Bitcoin adoption back on track Polygon network back up with a ‘temporary fix’ after eight-hour stoppage Cosmos’ Inter-Blockchain Communication Protocol (IBC) surpassed 11 million transfers in February Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell         Tags CRYPTO CRYPTO RESEARCH CRYPTO.COM WEEKLY REPORTS CRYPTOCURRENCIES LAYER 1 LAYER 2 MARKET Source: crypto.com

// 🔥 SOLANA Short-Term Break Out Potential by FieryTrading on TradingView.com Like most other cryptos, SOL is currently seeing a lot of bullish price action. However, there's still a short-term hurdle to overcome before we can start talking bullish .The down sloping trend line on the chart is currently the strongest resistance which can keep SOL from seeing gains. Once we can break out through the trend line , I'm expecting a strong bullish trend to develop.Targets placed at recent tops. Happy trading!

ETH’s Shanghai upgrade will boost EVM, reduce Layer-2 fees. BTC’s Lightning network completes it first stablecoin transaction. Polygon unveils a new token burn mechanism. MAR 29, 2022     Key Takeaways Ethereum (ETH)’s latest AllCoreDevs updates talked about the highly anticipated next upgrade named Shanghai, which will incorporate Ethereum Virtual Machine (EVM) upgrades, Beacon Chain withdrawals, L2 Fee reductions, and more.  Bitcoin (BTC)’s Lightning network completed its first stablecoin transaction. Layer 2 solution Polygon (MATIC) introduced a new token burn mechanism called ‘Mobile burn’ to move towards deflationary tokenomics and more predictable gas prices. Cronos (CRO) saw a +8.07% increase in total transactions to 25.04M, while its TVL grew to US$3.67B (+12.83% week-on-week). The total number of wallet addresses now stands at 489,967, up +6.31% from last week. Highlights BNB Chain to launch application-specific sidechains to reduce network strain Top 10 Ethereum wallets now hold 23.7% of total ETH supply: Santiment Bitcoin miner Iris Energy secures $71 million in equipment financing Avalanche bridge to add native support for Bitcoin, expanding opportunities for BTC in Avalanche DeFi Introducing Core: the new operating system for Web3 users Tether (USDT) Issued on Avalanche (AVAX) hits $351 Million Avalanche Foundation, OP3N launch $100M Web3 culture fund Terra’s LFG among largest new Bitcoin (BTC) holders: IntoTheBlock Algorand upgrades will boost speed and privacy, founder says Axie Infinity launches fee reform to scale transactions on Ronin sidechain Cardano set to hit major interoperability milestone as EVM compatible Layer 2 launches Blockchain middleware Pocket Network adds support for L2 solution Boba Layer 1 Project Metrics     Layer 2 Project Metrics    

Bitcoin has been losing 0.7% in the last 24 hours to $47K. Ethereum added 0.2%, while other leading altcoins from the top ten rose from 0.3% (XRP) to 8.6% (Solana). BTC is going lower According to CoinGecko, the total capitalization of the crypto market grew by 0.7% over the day, to $2.15 trillion. The dominance index immediately fell by 0.6 points to 41.5% due to the strengthening of altcoins. Cryptocurrency index of fear and greed by Thursday rolled back from 55 to 52 points and is now in a neutral state. Solana led the way with news from NFT platform OpenSea, which announced in April that they would add support for tokens on the SOL blockchain. Bitcoin continues to cautiously retreat lower from its 200-day moving average at $48,200, building up strength ahead of a likely move north. The decline in US stock indices on Wednesday after four days of growth also did not contribute to the positive dynamics. Investors are searching for new ideas The FxPro Analyst Team emphasised the outstripping growth of altcoins: it is worth paying attention to in order to understand that among cryptocurrency traders there are no fears for the sector, but there is a search for new ideas, away from institutional capital and the eyes of politicians. There is an influx of stablecoins to centralized platforms, which may indicate the interest of investors in the upcoming purchases of cryptocurrencies. According to a survey by blockchain company StarkWare, 50% of Americans see cryptocurrencies as the future of the financial system. According to Morning Consult, more than 91% of Americans have already heard about cryptocurrencies, of which 19% are owners of digital assets. Bitcoin miners made $3 billion in three months, according to Coin Metrics. ETH miners earned more in the same time period, about $3.7 billion.

Nearly $200M flowed into crypto the last 3 months, with BTC, SOL and ETH as the biggest gainers. Axie Infinity experienced a $625M hack. Trezor cold wallet users targeted with phishing emails. APR 04, 2022     Key Takeaways Crypto funds saw US$ 193M of capital inflow – the largest in 3 months. The top 3 cryptocurrencies according to the CoinShares report, were Bitcoin (BTC) at US$ 97.8M, Solana (SOL) at US$ 87.1M, and Ethereum (ETH) at US$ 10.2M. Popular Play-to-Earn blockchain game Axie Infinity saw its layer 2 bridge compromised and hacked totalling over US$ 625M worth in ETH and USDC. A detailed breakdown of the hack can be found on Ronin network’s substack. The hacked funds are being held at this address. Cold wallet provider Trezor is looking into a potential data breach which targeted users with phishing emails. Trezor followed with a Twitter update citing the breach could have been from a newsletter hosted on MailChimp. TradFi Gold Industry participants are looking to utilise blockchain technology to create an immutable record for physical deliverable gold across the globe. The Gold Bar Integrity Programme is aimed at improving transparency for consumers, investors and market participants. The general price, volume, and volatility indices were positive at +5.17%, +24.44%, and +105.07% respectively. Highlights Fed’s preferred inflation gauge up 6.4% in February to four-decade high US adds 431K jobs in March, as unemployment rate nears pre-pandemic level From taxes to electricity, blockchain adoption is growing in Austria CME group ‘looking at’ offering Solana, Cardano futures Tesla taps MakerDAO-powered lender for $7.8M real estate deal New funding round values Blockchain.com at $14B South Korea’s SK Square will spend $1.6B on semiconductors, blockchain Eldridge, A16z lead $620M financing round for fintech Cross River Bank Nasdaq-listed Microstrategy obtains $205M Bitcoin-backed loan to buy more BTC Sequoia, FTX Ventures and A16z lead $135M investment in LayerZero labs breaking down barriers between blockchains Blockchain security firm CertiK just raised $88M, SEC docs show Check the latest prices on Crypto.com/Price. Market Index Tokens   Metrics Price Volume Volatility Top Gainers ATOM (+12.83%)LINK (+10.73%)ETH (+9.86%) ATOM (+64.66%)EOS (+48.68%)XLM (+39.71%) ATOM (+154.73%)ETH (+136.16%)EOS (+93.54%) Top Losers – ADA (-21.85%) ADA (-40.58%)XMR (-9.99%) Benchmark BTC (+3.22%) BTC (+24.71%) BTC (+63.39%)       * Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT DeFi Tokens   Metrics Price Volume Volatility Top Gainers FXS (+99.42%)AAVE (+48.80%)JOE (+42.89%) FXS (+694.82%)AAVE (+240.63%)COMP (+222.87%) FXS (+364.18%)ANC (+318.18%)YFI (+294.64%) Top Losers – SPELL (-12.32%)LDO (-0.07%) SPELL (-39.24%)LDO (-11.80%)LINK (-6.74%) Benchmark ETH (+9.86%) ETH (+28.81%) ETH (+136.16%)       *DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI Other Tokens   Price Change (%) NFT Gaming Meme Top Gainers THETA (+10.16%)FLOW (+8.32%)WAXP (+7.8%) MBOX (+53.96%)POLIS (+12.21%)DAWN (+8.54%) SHIB (+3.9%)DOGE (+0.1%) Top Losers OGN (-3.82%) ATLAS (-3.59%)AXS (-3.44%)SAND (-1.55%) HOGE (-18.67%)MONA (-3.54%)       *NFT tokens: THETA, CHZ, ENJ, FLOW, FET, WAX, OGN, UOS, OMI*Gaming tokens: AXS, MANA, SAND, ALICE, YGG, MBOX, ILV, ATLAS, POLIS, DAWN*Meme tokens: DOGE, SHIB, MONA, HOGE, PEPECASH

19 millionth BTC mined, network difficulty reaches record high. Intel launches new BTC mining chip. Axie Infinity’s Ronin bridge hacked, $620M stolen. APR 05, 2022     Key Takeaways Bitcoin (BTC) network difficulty reached an all-time high with the 19 millionth bitcoin mined.  Intel launched Blockscale, a new Bitcoin mining chip aimed at sustainability and hash rate scaling. Axie Infinity’s layer 2 solution Ronin bridge was exploited for more than US$ 620M. The hacker moved stolen funds into the Tornado Cash tumbler. Waves Protocol’s algorithmic stablecoin Neutrino (USDN) unpegged from the US$ dollar on the back of a new governance proposal to keep speculation at bay. Cronos (CRO) saw a +10.50% increase in total transactions to 27.67M, while its TVL grew to US$ 4.00B (+10.32% week-on-week). The total number of wallet addresses now stands at 533,801, up +8.94% from last week. Highlights Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana Tezos deploys major ‘Tenderbake’ upgrade Chiliz plots sports, entertainment crypto ecosystem with 2.0 chain Bengal Energy to mine Bitcoin using stranded gas wells in Australian outback Bitcoin miner CleanSpark to add 500 MW of mining power, expand to Texas Ethereum layer-2 Boba Network integrates The Graph Helium becomes Nova Labs after raising US$ 200M in fresh capital LayerZero Labs raises US$ 135M to create omnichain crypto networks Cardano-based smart contracts surpass 2,000 mark first time ever Celo’s US$ 20M “Connect the World” campaign aims to vastly improve on/off ramp access and experiences for users Ethermine staking beta for Ethereum miner, a preparation for Ethereum 2.0 Marathon Digital Holdings announces Bitcoin production and mining operation updates for March 2022 Polygon announces new ZK-proof-based identity solution Layer 1 Project Metrics     Sources: Coingecko, Etherscan, Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan, CronoScan, Cronos Explorer, DeFi Lla Layer 2 Project Metrics     Sources:  DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer Source: Crypto.com

There are many cryptos that are important, but are less commonly spoken about. Cryptocurrency is a type of digital currency that acts as a medium of exchange, the thing about crypto is that not only is it unregulated it is also not reliant on any form of central authority. Cryptocurrency is also defined as a form of digital coins that exist on a blockchain (decentralized and distributed ledger). Instead of talking about the most popular cryptocurrencies, this article will cover 3 of the less spoken about, but still important cryptocurrencies. Chainlink Price Has Decreased! ChainLink was created to support advanced smart contracts on any blockchain, they achieve this by decentralizing oracle networks which provide tamper-proof inputs, outputs and computations, it utilises the LINK token and operators to retrieve data, compute it, format it and guarantee payments from off-chain data feeds. Due to the overall market plunge the price of ChainLink has fallen, however there are other factors such as the lack of growth. Link Price Chart Price Of Solana (SOL) Has Plunged BEcause Of BRC20!? Solana is a decentralized blockchain that was built in order to enable innovative, user-friendly apps for the world. The price of Solana has been bearish for some time, with the price change being in the red since the start of day and for the past week. The recent plunge of the financial market is a major factor driving the fall in price of Solana, however there may be other factors driving this price fall, perhaps the recent fall in the price can also be attributed to the recent introduction of Bitgert BRC20 blockchain to the market, reducing the demand for Solana. SOL Price Chart IOTA - Price Line Can Dissapoint Some Investors IOTA is a form of digital currency it is a unique form of cryptocurrency as it does not feature an underlying blockchain network, it instead uses directed acylic technology. Transactions are always free, regardless of their size, IOTA is a cryptocurrency to be watched, if it capitalized on its current technology, it could eventually become market dominant. Currently the coin is underperforming and has declined in value today, the crypto market is extremely volatile as we have seen with the 2 other cryptos above, crypto prices in general seem to be on the decline. IOTA Price Chart Charts: finance.yahoo.com

Bitcoin has fallen by more than $ 4,000 in recent days, thus increasing the range from 29 March 2022 depreciation to over 9,000 US dollars. However, it is worth noting that the BTC rate from 11 April this year moved in the horizontal trend. Therefore, the critical factor here may be that it is a correction pattern from which the market statistically breaks more frequently in the direction consistent with the previous move. It is increasingly likely that Bitcoin may soon fall below the $ 39,000 currently tested support Considering the earlier drops, we observed in the first half of April this year. It is increasingly likely that Bitcoin may soon fall below the $ 39,000 currently tested support, which would drive it further to below $ 37,000 or further toward $ 35,000. Read next: Weekly Crypto Market Analysis With Geco.one - 19.04.2022 | FXMAG.COM At this point, we cannot forget about the robust correlation that occurs in the broad cryptocurrency market, of which Bitcoin is a kind of helmsman. An apparent decline in BTC may significantly contribute to the sell-off of the vast majority of altcoins. The exchange rate of ETH has recently dropped by nearly $ 750, which is almost 21 % The current situation on the Ethereum quotes is also very interesting. The exchange rate of this cryptocurrency has recently dropped by nearly $ 750, which is almost 21 %. The declines that have lasted for several days caused the ETH rate to break down from the price that has been held since 11 April this year. Consolidation is headed straight towards $ 2,800, where the upward trend is located. Read next: Crypto Update – BTCUSD, ETHUSD, BCHUSD – 04/04/22| FXMAG.COM However, if this support is also defeated, it will be necessary to prepare for further depreciation of Ethereum, even towards $ 2,500. It is only there that there is another significant support in the vicinity of which we could expect the emergence of greater demand response. Solana (SOL) - price of this cryptocurrency remains in a horizontal trend between technical support of $ 98 and resistance in the region of $ 109 Looking at Solana’s quotations, we notice that after declines of over 31 % that we could observe from 11 April this year the price of this cryptocurrency remains in a horizontal trend between technical support of $ 98 and resistance in the region of $ 109. Given that this is a form of correction after an earlier downward move, similar to BTC, there is also a statistically higher probability that the market will break the bottom. If this happens, the SOL rate could soon slide even towards the March lows, i.e. below $ 80. Suppose there is no major demand reaction anytime soon that could negate the morning drops, and the breakout will be confirmed by closing the daily candle below $ 1.33 The current situation on Polygon's trading is also very similar. It is noteworthy that the Matic exchange rate breaks down on Monday morning from the 11 April consolidation. Related article: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM Suppose there is no major demand reaction anytime soon that could negate the morning drops, and the breakout will be confirmed by closing the daily candle below $ 1.33. In that case, the rate of this cryptocurrency could fall towards further support around $ 1.22, respectively and a further $ 1.02. XRP has slipped below technical support of $ 0.70 and is currently at its lowest level since February We could also expect further declines in the XRP quotations. The exchange rate of this cryptocurrency has dropped by over 19% over the past few days, increasing the range of the ongoing from 28 March this year's depreciation to over 29% today. As a result of such a significant sell-off, XRP has slipped below technical support of $ 0.70 and is currently at its lowest level since February. If this trend continues, we could soon see the XRP rate drop close to $ 0.59 where another critical support is located. Start your Crypto trading adventure with https://app.geco.one

Summary: A look into what the Solana (SOL) platform is. History of Solana. Advantages of holding the token. A look into what makes Solana unique.   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    The Solana coin was founded in 2017 during the initial coin offering (ICO) The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies when referring to total market capitalisation. SOL market capitalisation and Coins in Circulation. The current number of Solana’s SOL tokens in circulation is more than 334 million and a current total market capitalisation of more than $30 billion. The supply of Solana’s SOL tokens is unlimited, it releases a number of tokens every year based on the YOY inflation rates. The blockchain trilemma. The blockchain trilemma refers to the three major issues in blockchain: decentralisation, scalability and security. Scalability in blockchain refers to the ability for a cryptocurrency to handle a large influx of transactions at one time. SOL, Solana’s native token allows users to transfer value as well as blockchain security through staking. Solana’s cryptocurrency is called SOL. It is Solana’s native token and it allows users to transfer value as well as blockchain security through staking. Solana is a highly functional open source project that implements a new high-speed permissionless 1-layer blockchain. Solana combines Proof-of-history (PoH) and the super fast synchronisation engine in one algorithm, which is a type of proof-of-stake (PoS). This algorithm can (theoretically) process over 710000 transactions per second, without scaling solutions needed.   Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?    Proof-of-history, VDFs, proof-of-stake and synchronisation: Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system. Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly. The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus. Third-generation blockchain. Solana’s blockchain is a third-generation blockchain, and is designed to facilitate smart contracts and decentralisation applications (DApp). Solana supports nonfungible tokens (NFTs) and decentralised finance (DeFi). What makes Solana unique? The hybrid blockchain platform created by Solana (mixing proof-of-history and proof-of-stake concepts) is unique; they compromise on decentralisation to produce max speeds. By compromising on decentralisation the Solana platform makes it easier to scale the coins. Basically speaking, by focusing on one node chosen by the proof-of-stake mechanism which sequences messages between the nodes. Solana also links transactions by hashing the output of one transaction and using it as the following transaction input. This is how Solana uses its proof-of-history mechanism. Advantages of holding the SOL token. Solana can process up to 50000 transactions per second with extremely low fees. Solana has achieved a high level of scalability by leveraging the proof-of-history mechanism and several other breakthrough innovations. Solana has managed to achieve economies of scale and kept the transaction fees extremely low. Solana ensures composability between projects. Solana has very high network speed and high liquidity. SOL is not difficult to buy. How to buy SOL: It is necessary to obtain a crypto exchange account. Purchase SOL on one of the more popular exchanges such as; Coinbase, Crypto.com, Gemini, Binance, Kucoin. The price future and history of Solana’s SOL After its launch in March 2020, Solana’s price struggled to gain upward momentum. In the summer of 2021, hype for crypto and NFTs and growing demand in the DeFi community caused the price of SOL to triple. In 2022 the market has been extremely volatile with investor sentiment turning risk-averse, the price of SOL has struggled to show any real trend or stability. The price of Solana is expected to increase even further in the future. Solana (SOL) Price Chart With the current wider adverse economic conditions, the price of most cryptocurrencies are facing challenges, with changing investor sentiment, the current price is constantly changing.   Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!    Sources: solana.com, cointelegraph.com, docs.solana.com, cryptovantage.com, statistica.com

Hi traders, today we’re seeing a similar pattern across several coins. After yesterday’s failed lower break attempt, ranges have developed. We’re seeing this pattern on a few, BTC, BNB, ETH, SOL, ADA, and XRP. We’ve zeroed in on Bitcoin as on the 4-hour chart. The range is quite symmetrical. We saw 29K come in yesterday as a demand point, and for now, price continues to hold above. The range can be broken down into inside action and overall action. On the side, we are looking at two possible directions. One, we see price maintain the pattern and move back to the bottom of the range. Two buyers regain momentum as we see a test or break of the range roof. If number two occurs, that will line up with the overall action idea of a new breakout due to steady demand seen yesterday rejecting seller attempts to break lower. We can also see a trend break on the four-hour chart and a fast trend break on the daily. If sellers can not only move back to the range base but break through it, we would look at the 27,600 area to possible offer buyer resistance If buyers clear the range, we could see resistance develop from 32,200. On the other side, if sellers can not only move back to the range base but break through it, we would look at the 27,600 area to possible offer buyer resistance. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM It will be interesting to see which side wins this battle. Hoping all of our readers have a wonderful weekend. Bitcoin 4H Chart The post Crypto News: Bitcoin is range-bound. Will we see a break today? appeared first on Eightcap.

Blue on the crypto boards into today’s London session. The CRYPTO25 index leads the gains, but our focus is on Solana as the price has started to bounce after holding one again from 37.50 support. This support is the base of a descending triangle price pattern, and the price has just started to break out of it in today’s session. Yes, we’re seeing good signs with buying currently, but we hope to see the price close above the upper triangle line completing the breakout. If we do see a move confirm the breakout, we will be looking at the red resistance lines and if buyers can start clearing these resistance levels and get a new up leg happening. Looking further ahead, the next main level of resistance could be seen at the last low area, around 78.99. All of this comes down to price breaking out and not fading back into the pattern. If we see a failed rally today, that would be a worry, and it could suggest that buyer momentum isn’t that strong. A break below the support base, and we could be switching short. But for now, we will continue to watch if Solana buyers can confirm a pattern break. Solana D1 Chart The post Crypto Update: Solana, will we finally see a technical move higher?   appeared first on Eightcap.

Summary: A summary of USDC, LBLOCK, SOL, $GARI, DYDX,. Stablecoins, games platform, the blockchain trilemma, video sharing, Proof of work, proof of space and time, proof-of-history. Dydx and margin trading. USD Coin (USDC) USD Coin is a digital stablecoin that is attached to the US Dollar, it is used as a digital dollar for global businesses. This coin is interesting because it is always redeemable in a ratio of 1:1 for US Dollars, meaning it gives its users access to the US Dollar. USDC is seen as a pillar of the blockchain ecosystem. The USDC software is open-source and is managed by an organisation that drives standards for the adoption of trusted stablecoins, and enforces payment and identity standards; this organisation is called Centre Consortium. The USDC is available on most of the world's most powerful and innovative block chains. The fact that USDC offers a broad, native availability and the ability to seamlessly swap across the blockchain ecosystems, means that developers who build with USDC are able to extend their reach. The Centre Consortium's second major standard provides decentralised identity for crypto finance, called Verite. Verite is a collection of standardised protocols that can help make it safer, easier and more efficient to do business across the world of DeFi and Web3 commerce. Verite is free and anyone can use it and to build on. Read more: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  Lucky Block (LBLOCK) Lucky Block is one of the most undervalued cryptocurrencies, but hopes to change that by building onto the Binance Smart Coin and using it to offer more transparency and equality amongst users. Lucky Block is listed on the Pancakeswap platform, in the weeks following the listing, the price increased substantially and investors saw brilliant returns. They launched their coin earlier this year, and have seen successful returns since. Lucky Block is a cryptocurrency games platform, a worldwide games and competitions platform with “play-to-earn” rewards using blockchain protocols, it operates on the Binance smart chain. They are determined to develop further transparency and fairness in games. The coin was created to give everyone a better experience for lottery entrants. Lucky Block believes that games of chance should have no borders (geographic and financial). The coin is considered to be revolutionary - it is a “crypto-lottery” Lucky Block was the fastest crypto to earn $1 billion Market Cap, they acquired 50k+ investors in the first 90 days after launching. Read more:(LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?  Solana (SOL) The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies with regards to total market capitalisation. Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system. Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly. The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus. Read more: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?  GARI ($GARI) Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023. Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development. GARI Panda is an exclusive collection of 9,999 unique panda NFTs on Solana, this feature aims to bring unique & real world utilities to holders. In the future if advertisers wish to run advertisements in the Chingari app, they will need to own Gari Panda NFTs. Read more: https://www.fxmag.com/crypto/gari-networks-future-looks-bright-as-the-market-waits-for-gari-to-launch  Dydx (DYDX) Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies. Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries. Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are: Increased flexibility of trades by allowing both long and short trades. Increased leverage. Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain. Read more: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Sources: FXMAG.com