Token Daily

2022-09-30 13:15:45 Meanwhile, the index of fear and greed signals a very difficult situation in all markets. Cryptocurrencies are far from an exception.

Even if you look at Forex, many currencies are falling significantly against the dollar this year, on average about 20% for the euro, pound and yen. In the stock markets, the situation is even more difficult, with some top stocks falling 5 times from their all-time highs. Against their background, bitcoin with a fall of less than 4 times from its ATH does not look so bad.

The global economic crisis is in full swing, after a large cycle of growth, a natural cycle of decline has come. A decent part of it is already behind, by the way. The potential for further decline remains, but it is getting smaller and smaller. Much depends on the actions of the Fed, we keep our finger on the pulse. By their behavior it will be clear when the global correction will come to an end. But you still need to be patient. Open / Comment

2022-09-28 20:17:27 The fall of bitcoin to $18,800 led to a very powerful increase in volumes, including on altcoins (Santiment). A 3-month maximum has been reached. This may well become a local turning point on the chart Open / Comment

2022-09-26 13:22:06 Over the past month, transactions with NFT tokens and interaction with the decentralized finance sector have made the largest contribution to the burning of ether as commissions. They account for 22 percent of all ETH destroyed during this period. Open / Comment

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2022-09-24 15:42:45 The accumulation of BTC is now taking place according to the same structure as in 2015 and in 2018 (Glassnode) Open / Comment

2022-09-24 15:39:35 Breaking: Binance Implements “Opt-In Button” For 1.2% Tax Burn On Terra Classic (LUNC)
https://bit.ly/3C7o8Km Open / Comment

2022-09-21 18:50:16 According to OKLink analysts, from September 9 until the transition of Ethereum to PoS, cryptocurrency miners sold 14,785 ETH. The most active sales took place on September 14, that is, a day before the merger. Open / Comment

2022-09-17 17:43:10 Whalemap, meanwhile, is afraid that if the cluster with a key volume of 19000-20000 is broken down, then the next significant support will be only the level of 13000-14000.

Of course, they didn’t say anything fundamentally new, but the gap in volumes on the chart looks really frightening. Open / Comment

2022-09-15 16:35:43 The Merge update has been successfully launched on the Ethereum network. The event is truly unique. Thanks to him, Ethereum switched to Proof of stake consensus, which will automatically reduce emissions and network energy consumption by more than 99%. Emissions will also fall by more than 90%.

By reducing the cost of electricity and equipment, there will be no need for daily sales of the received remuneration. Previously, it was 13.5 thousand ETH per day. All this, coupled with burning some of the coins, will help make Ethereum deflationary (or at least micro-inflationary).

Buterin also stated that in the future, the Ethereum network will be able to overtake the bandwidth of Visa and reach 100,000 transactions per second.

Today the price of ETH is around $1600. And given all the positive changes, it will be interesting to compare it in a year, two, and so on. It all looks very, very promising. Open / Comment

2022-09-13 12:40:25 There are rumors that the next bitcoin halving may not happen in April-May 2024, but in the fourth quarter of 2023 due to the growing hashrate.

Most likely, this will remain at the level of speculation. But something else is interesting: historically, bullish cycles began plus or minus a year before the halving of the reward for block mining. In theory, this means that the next bull run may not start until Q2 or Q3 2023. Until that time (again - historically) there was either a long turbulence in the outset, or a correction continued. Potentially, this is our scenario for another six months or even more.

At the same time, it should be understood that each subsequent halving has an ever smaller impact on the turnover/trading of BTC (more than 90% have already been mined). Therefore, I no longer expect a grandiose growth of the main cryptocurrency, the main focus will gradually shift towards altcoins. Open / Comment