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MARKETS NEWS

Dogecoin rose 25% in 7 days. DOGE rise will continue

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While the crisis continues in cryptocurrencies, Dogecoin has been on the rise for a few days. The reason for the rise is of course Elon Musk again. SpaceX founder and Tesla (NASDAQ: TSLA) CEO Elon Musk announced the “DOGE-1 Moon Mission” in May 2021, but the launch was delayed. According to the information we have learned, the countdown has begun for the launch of SpaceX Falcon 9 with DOGE-1 and IM-1/NOVA-C lunar payloads, which will take off from Kennedy Space Center in Florida on January 14, 2023.

Solana leads the top 100, jumping 9% in 24 hours. Dogecoin November 25, Elon Musk told his 700,000 followers of crypto podcast host David Gokhshtein that Ethereum (ETH) co-founder Vitalik Buterin and the new Twitter (NYSE: TWTR) CEO will be working together soon. The altcoin has gained over 8% in 24 hours.

If the launch of the DOGE-1 lunar satellite goes as planned, it could cause Dogecoin to hit record highs, even surpassing its all-time high in May 2021.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Thomas Lee Reminded the Bitcoin Rise Forecast Again

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There are many different opinions regarding the Bitcoin price. Thomas Lee also reminded his prediction about BTC and stated that he will stick to the $ 200 thousand Bitcoin price prediction even if the current market is negative. We hope Thomas Lee is right, but when?

When there was a big bull season in 2021, Bitcoin reached up to $ 69,000. But Bitcoin did not stay long at $ 69,000. So, will a big bull season come again, and if it will, when will it come? The answer we’ve all been waiting for.

Leading Wall Street strategist Thomas Lee, co-founder of Fundstrat Global Advisors, thinks the cryptocurrency will eventually make a comeback.

source: coingape

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano ADA Finally Breaks The Downtrend

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On November 25, Cardano ADA also ended its two-week downtrend and excited ADA lovers as its bullish resumption started. will confirm its resurrection. A rally of 18% could potentially begin right after.

However, if the ADA price does not drop below the support at $0.30, it could be bullish. If he maintains his position, it can turn into a nice rally in the coming days. ADA investors, however, need to be cautious due to month-end volatility. Be sure to follow the graphics and news. Negative news in the coin market is likely to trigger coin drops.

The ADA price action between November 11 and 25 shows that a trendline can be drawn connecting the four lower highs formed during the same period. But on November 26, ADA saw a spike in selling pressure. This put it above the trendline mentioned above.

Supporting this bullish move for Cardano ADA price is the 30-day MVRV pattern, which is hovering around 8% after bouncing from a 14% low.

This index is used to determine the average profit/loss of investors who bought ADA in the last month. According to Santiment’s research, a value between -10% and 25% is an ideal place for recovery rallies to start.

Any drop in this on-chain metric from 11.3% to 28.3% over the past four months has resulted in a bottom formation. While past results are not indicative of future results, investors need to be careful with this strategy. Because this can trigger an uptrend.

While things are getting better for Cardano ADA price, losing the $0.30 support level will invalidate the bullish argument.

Source: fxstreet

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano (ADA) Reaches New Milestone

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The Cardano blockchain has reached a new milestone as it currently holds 7 million native tokens. According to data from pool.pm, the number of native assets minted on the Cardano blockchain is currently 7,059,454 at 65,718 different mintage policies.

In contrast to mutable local assets that can consist of millions of mutable tokens, narrowing down to specific details, an NFT is a single local asset that is immutable and exists forever on the blockchain. To be considered an NFT, a local asset must meet additional standards.

In 2020, Cardano founder Charles Hoskinson predicted the development currently seen in the Cardano blockchain. “Hundreds of assets, thousands of dApps, tons of interesting projects, and lots of unique and useful stuff,” he predicted. While the estimate for assets with millions of native tokens on the blockchain has been exceeded, Cardano has yet to match it in dApps.

In September 2021, the Alonzo hard fork distribution launched the smart contract functionality that allows the development of dApps. According to the latest statistics provided by Cardano manufacturer IOG, 106 projects have been launched in Cardano and 1,146 projects are in various stages of development.

Source: u.today

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano (ADA) News, Ouroboros Leios, the most promising L1 upgrade

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Ouroboros Leios is said to be the most promising L1 upgrade to come. Ouroboros Leios is a new variant of the Ouroboros family that will significantly increase throughput while ensuring optimum security on the Cardano blockchain. Important news for Cardano followers.

KtorZ, an open source developer at the Cardano Foundation, explains the foundation of Ouroboros Leios in his tweet thread. Cardano is a distributed system where nodes reach consensus by sharing blocks according to the schedule they are selected. Blocks are created roughly every 20 seconds and spread rapidly to the rest of the network.

It indicates that a node is often not actively validating blocks when serializing and forwarding data to its peers, as the block throughput is typically not high enough to keep the node busy all the time. The idea behind Leios is about using these idle resources and making the structure of the chain more parallel. It involves utilizing the full potential of UTxO.

Input blocks, confirmation blocks, and sequencing blocks are the three new types of blocks that Leios proposes to split the chain structure. These blocks are created in various proportions and serve various purposes. It should be borne in mind, however, that Leios remains a Cardano Improvement Proposal (CIP), which could mean it’s a long way from now.

Source: U.Today

isclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Supports Elon Musk from Charles Hoskinson

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Cardano co-founder Charles Hoskinson supported Elon Musk in the discussion for the Twitter app. Discussions about Elon Musk’s takeover of Twitter are not over yet. The new owner of one of the world’s largest social media platforms recently said that Twitter’s mobile app may disappear from various stores. As a countermeasure, Musk is ready to develop his own phone, and the creator of Cardano also supported it.

After the takeover, talk arose that Twitter would be removed from mobile app listings, mostly due to the rapidly changing rules and policies of the platform. Despite the rapid changes, the app’s most important metrics remain intact, as Twitter reports record-breaking daily active users on its website.

The creator of Cardano was actively advocating the creation of a decentralized version of Twitter. However, since the takeover, Elon Musk does not want to apply any decentralized technology to Twitter. In a personal chat with the former CEO of FTX, he stated that it would not be right to run the platform on the blockchain and that crypto implementation makes no sense.

While Musk has made it clear that Twitter will not be blockchain-based, he did state that the entrepreneur can accept certain cryptocurrencies as payment for services on the network, such as the blue checkmark.

The creator of Cardano offered Musk help to make Twitter more blockchain-friendly. However, Musk did not respond warmly to this offer. At the same time, Musk is ready to make his own “Tesla Phone” to avoid the extreme limitations of big tech companies and government regulators.

Source: u.today

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Why did bitcoin crash? What is the reason for BTC falling below 20K

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Bitcoin had risen to $ 20,381 yesterday. Investors rejoice at every rise, but BTC is falling again. So why did BTC drop below 20K?

Bitcoin had reached its highest level in a few days. Not only cryptocurrencies but also US stocks fell. Benchmark stock indexes fell this Tuesday, with the S&P 500 and Dow trading 0.7% and 0.6% lower, respectively. Bitcoin is still notable with its 4.47% depreciation in September after losing 13.5% in July. On the other hand, the major cryptocurrency fell 72.28% from its record high.

The reason for the Bitcoin crash this time is not Jerome Powell. BTC, which could not pass the resistance zone, seems to be more dominant, going in the downward direction. Bitcoin’s rise and fall could possibly be related to recent sales in stocks. The S&P 500 hit 3,631, its lowest level since November 2020, after a 0.71% pullback today.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

How to Mine EthereumPoW ETHW, ETHW Pool Mining

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After ETH mining ended, miners turned to different coin mining. For those who are curious about EthereumPoW ETHW mining, how to mine ETHW, ETHW pool usage and settings.

Our article was taken from medium.com.
” In this post, I will show you how to mine ETHW in the most user friendly environment, an old Windows PC with Nvidia GeForce GTX 1070 GPU. Just to show that anyone can be a mine.

1- Mining ETHW requires a GPU with at least 5GB of RAM and an internet-connected computer.

2- For Nvidia GPU, people recommend T-Rex, a mining software. Open their website https://trex-miner.com/ and download and download the Windows version.

3- Unzip the downloaded ZIP file to a folder.

4- Select any file that starts with “ETH-” inside the folder. Right click on it and select “edit”. The file will open in Notepad. I chose the ETH-ethermine file.

5- Then we need to change the content. There are 3 places.


“stratum+tcp://xxxxxxxx” is the address of a mining pool server. We use EthwMine here (https://ethwmine.com/). Open the website and under “Help” you can find a list of servers.

Choose the one closer to you and replace the original server address with it.

The string after “-u” should be replaced with your own wallet address. This is where you will receive payments.

“-w rig0” is for specifying which GPU you want to use. Uninstall it so that the software tries to use all your GPUs.

The final command will look like this –

Save and close the file.

6- Double click on the file you just changed and now you are mining ETHW. Leave the window open or minimized. Payments will be sent to your address.

If you want to exit, close the window. And you can always reboot whenever you want.

You can also change the filename to “ETHW-ethwmine” to reflect the contents of the file.

7- You can check your mining status at:
https://ethwmine.com/accounts/<add your wallet address here>

Last:
For Linux or AMD GPU please check both websites, they should be very similar.

https://ethwmine.com/help

https://trex-miner.com/

Source: medium.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

EthereumPoW (ETHW) Wants to be Listed on All Exchanges

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EthereumPoW (ETHW), which was implemented by a group of developers who rejected the transition of the Ethereum Blockchain network from Proof of Work to Proof of Stake, came up with a new call. Although the project managed to gather support in the first place, this support did not come much. Trying a new method to increase the number of listings, the project called on startups and exchanges to list the ETHW coin on Twitter.

EthereumPoW, which forked itself to continue its life as the PoW of the Ethereum Blockchain network, continues to work to search for new supporters. Although it is supported to a certain extent by PoW supporters, the work of the project, which has only ETHW in hand, is unfortunately very difficult with the entire DeFi ecosystem moving to PoS.

At this point, the project, which was trying to find a new solution, requested a listing from the platforms. According to a statement shared for EthereumPoW (ETHW) on Twitter, the EthereumPoW ecosystem is under rapid construction. In addition, the project called on Web3 teams to be included in the first ecosystem directory of ETHW-based products, and asked the teams to explain their goals.

Source: btchaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

BitMEX Co-Founder Arthur Hayes market comments

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BitMEX co-founder Arthur Hayes said in his blog post that Bitcoin bulls should be “concerned” about the $17,500 price level for BTC, which seems to be the bottom in the current bear market.
“While watching the volatility and movements of the US dollar liquidity index, it seems that the price level of Bitcoin, which should be worried about for a long time, is at $ 17,500. The most likely course of action is to retest this bottom level. Whether the price will stay above this support is entirely in the US dollar. It will depend on the course of the liquidity index.”

Evaluating Ethereum (ETH), Hayes claimed that the second largest cryptocurrency by market capitalization will likely outperform Bitcoin. The cryptocurrency investor also said that it is unlikely that Ethereum will reach at least $10,000 as he predicted at the beginning of the year if monetary tightening continues in the US: “ I am confident that the structural reduction in the supply of ETH will certainly result in a better performance against Bitcoin, but I don’t think ETH will reach a five-digit price by the end of the year if the Fed and the US Treasury continue their plans to reduce the liquidity of the US dollar.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.