Crypto VIP Signal

2024-03-21 13:52:01 Since the Merge, we've noticed a fascinating trend: a potential decrease in Ethereum issuance. This reduction could result in a net decrease in the Ethereum supply, primarily driven by the burning of more ETH through transaction fees than the issuance of new ETH. Remarkably, our observations reveal a net reduction of -410k ETH in the total circulating supply since the Merge. Open / Comment

2024-03-21 11:24:00 As expected, QTUM has rebounded from the support area, resulting in a quick 16% profit. It is recommended to increase your stop loss and hold on to your long position.

Resistance Area: $5.00-$5.50 Open / Comment

2024-03-21 08:09:00 Bitcoin tested the support area and grabbed liquidity from there. The price pumped hard due to the FOMC meeting, and interest rates remain unchanged. The resistance area is $69,000-$70,000, and the support area is $64,000-$65,000 Open / Comment

2024-03-21 06:30:29 Wallet Maintenance for Tron Network (TRX) - 2024-03-25
https://www.binance.com/en/support/announcement/bf55e6a2d4e0406a88fc7ae08e08a860 Open / Comment

2024-03-20 20:10:01 WRX Analysis :

WRX is been retesting the trendline and given a close below candle of the major Support area around $0.25. Price a shallow candle close and expected to reach lower. There're bit of chances for the price to move from the supporting trendline. Its better to wait the price to develop further price action and take the setup as its very risky at the moment. Open / Comment

2024-03-20 16:49:45 Educational Post

What is SPL?

SPL stands for Solana Program Library (SPL). It is a set of rules and protocols governing how tokens behave and interact on the Solana network. In other words, it is a collection of predefined protocols and specifications that dictate how tokens function within the Solana blockchain.

This standardization ensures consistency, interoperability, and ease of integration across various applications and platforms within the Solana ecosystem.

Similar to ERC-20, BEP-20, and other token standards, the SPL token standard serves as a blueprint for developers looking to create, manage, and deploy tokens on Solana, providing a cohesive framework for the Solana blockchain's evolving token ecosystem.

Key Features of SPL

1. Interoperability: SPL promotes interoperability by defining a common set of rules for tokens. This ensures that tokens adhering to the SPL standard can seamlessly interact with Solana wallets, decentralized applications (DApps), and other smart contracts on the network.

2. Composability: Composability is a crucial aspect of SPL, allowing developers to create innovative and complex applications by reusing existing SPL-compliant components. This accelerates the development process and encourages the exploration of new use cases within the Solana ecosystem.

3. Efficiency: SPL enhances the efficiency of token-related operations on the Solana blockchain. Smart contracts and decentralized applications can interact with SPL-compliant tokens more effectively, thanks to the standardized features and functions provided by the SPL token standard.

4. Native Token (SOL): The native token of the Solana blockchain, SOL, adheres to the SPL standard. This means that SOL tokens exhibit interoperability with Solana wallets, DApps, and other components of the Solana ecosystem, contributing to a seamless user experience.

Implementation of SPL

Developers on Solana can leverage the SPL token standard to create a wide range of tokens, each tailored to specific use cases. These tokens can represent anything from fungible assets like stablecoins to unique non-fungible tokens (NFTs) such as digital collectibles. The adherence to SPL ensures that these tokens share a common language, allowing for smooth integration and interaction within the Solana blockchain network. Open / Comment

2024-03-20 14:27:08 1INCH just heavily dropped below the lower with the market scenario and reached the Support. This can be a short scalping opportunity to us and can be risky also. Take it accordingly with short targets Open / Comment

2024-03-20 11:27:23 Bitcoin Dominance is currently situated between its support and resistance areas. Due to the instability of BTC, altcoins have experienced a decline in value. Altcoins are now near the support zone, indicating that there may be an opportunity for market accumulation before the next upward movement. If you're looking to invest in altcoins, it may be wise to establish your positions near the support zone. Please note that the support and resistance levels for BTC.D remain unchanged. Open / Comment

2024-03-20 09:07:06 Binance Will Delist DREP, MOB, PNT on 2024-04-03

https://www.binance.com/en/support/announcement/1e531578a30c46eebf52c8dae3c56092 Open / Comment

2024-03-20 08:16:38 Bitcoin has been struggling to hold the $64,000 support area and is slowly moving towards a major support area. We may see some sideways movement until we reach the support area. We need to wait and see how BTC reacts when it reaches this support area. If it breaks below, the market will turn bearish in the short term, leading to heavy selling. Open / Comment