In A Nutshell Bitcoin (BTC), the leading cryptocurrency, is currently showcasing a bullish market structure on the daily timeframe, suggesting a positive outlook for its price trajectory. Factors such as significant capital inflow, a strong momentum post-halving event, and the performance of altcoins hint at a potential rise in Bitcoin’s value. Technical indicators and the…
In A Nutshell The altcoin market is buzzing with anticipation as it nears a critical resistance level, with the potential for significant market movements on the horizon. The combined market cap of altcoins, including notable performers like Ether, has seen a notable increase, igniting discussions about the onset of an altseason. This period is characterized…
In A Nutshell The Solana [SOL] network is considering a significant change to its fee structure through proposal SIMD-0096, aiming to adjust how priority fees are handled. Presently, when users opt to pay a priority fee for expedited transaction processing, 50% of this fee is burned (removed from circulation), and the remaining 50% is awarded…
In A Nutshell The digital currency CorgiAI (CORGIAI) experienced a dramatic 331% rally, escalating its market position significantly. Originating from a low of $0.00108, this surge has prompted discussions regarding the sustainability of its bullish trend amidst a bearish higher timeframe trend. The key focus now shifts to whether CorgiAI can maintain its momentum and…
In A Nutshell The Ethereum (ETH) market has been showing signs of decreased selling pressure, indicated by the rallying Taker Buy Sell Ratio which approaches the 1 center line, suggesting a potential price recovery to the $4,000 level. This sentiment is further supported by an increase in Futures Open Interest and positive Funding Rates, pointing…
In A Nutshell The recent launch of the Bitcoin Runes protocol, coinciding with the fourth Bitcoin halving, initially spurred a significant surge in transaction volumes on the Bitcoin blockchain. This new protocol, part of the broader Bitcoin decentralized finance (BTCFi) movement, aimed to introduce fresh utility to the network. Despite capturing over 50% of transaction…
In A Nutshell The decentralized exchange (DEX) ShibaSwap, integral to the Shiba Inu ecosystem, has announced a significant upgrade by transitioning to the Shibarium blockchain. This move aims to enhance decentralized exchange and application utilities, introducing a new dashboard, improved user interface, and more efficient token listing processes. The upgrade is set to enhance liquidity…
In A Nutshell As Ethereum’s scalability challenges persist, zkSync emerges as a potent solution, promising to enhance transaction efficiency while maintaining Ethereum’s security and decentralization. Employing zero-knowledge (ZK) proofs, zkSync processes transactions off-chain, significantly reducing gas fees and increasing transaction speed. This guide delves into the steps for moving assets to and from zkSync, exploring…
In A Nutshell The Layer-3 blockchain, Degen Chain, has experienced significant downtime, failing to produce a new block for over 53 hours. This issue has rendered the network and its decentralized applications unusable, causing a notable drop in its native token, DEGEN’s, value. Efforts are underway to resolve the problem, involving resynchronization efforts from the…
In A Nutshell A recent report by Keyrock highlights the extreme volatility experienced in pre-launch token trading, emphasizing its comparison to the stability seen post-token generation event (TGE). The study illustrates how cryptocurrencies like the Wormhole and Jupiter tokens witnessed volatility spikes of over 3,000% and 2,800% respectively before their official launch, significantly higher than…