Important movements in the Ethereum market📉📈🚀 🔸️SharpLin | MAD-LEGEND on Binance Square

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Important movements in the Ethereum market📉📈🚀🔸️SharpLink Gaming announced the purchase of 18,680 ETH worth 66.63 million dollars to enhance its corporate treasury.
🔸️Analyst "Trader Eugene" expects the price of ETH to rise to around $4,000 driven by increasing institutional interest.
#CFTCCryptoSprint 
$ETH 
#BTCUnbound #CFTCCryptoSprint 

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🔴Price Status and Market Analyses📉📈🚀 🔸️Current Price and Short-Term Trend The price of SUI has decreased this week by about 12% and recorded around $3.46, but network activity remains high, with stablecoin transfers on Sui exceeding $224 million in July compared to Solana's approximately $210 million. 🔸️Forecasts and Technical Analyses CoinCodex data predicts that the price will move between $2.38 and $3.40 until the end of 2025, with an average monthly trading around $2.70, indicating the possibility of further declines before a potential rise. Other reports, such as InvestingHaven, suggest an expected range of $2.55 to $8.75 for 2025 with an important support level at $3.33. Brave New Coin clarifies that support around $3.50 is crucial for a return to the upward trend, and mentions the possibility of the price reaching $7 or more if the current momentum continues. Changelly anticipates an average trading value of $3.43 with a range between $2.57 and $3.00 during the coming period of the year. #BTCUnbound #CFTCCryptoSprint #SUİ $SUI

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🔴The WCT token is experiencing significant activity in terms of listings and expansions, such as the launch on Binance Launchpool, expansions toward the Solana network, in addition to airdrop campaigns and Learn & Earn incentives. Currently, the price is fluctuating around $0.30, which is a crucial psychological and technical support level. If this support continues, we may see a correction towards $0.34–0.43, and if it breaks down, the price could reach $0.20–0.25 as a potential minimum. #BTCUnbound #CFTCCryptoSprint #BinanceHODLerPROVE #FedGovernorVacancy $WCT

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The Bitcoin network still relies on the Proof-of-Work mechanism (Proof‑of‑Work - PoW)📈📉 It is one of the most important components of its security and technical design since its inception in 2009. Here are the basic details: ✅ What is the Proof-of-Work mechanism? It is a method for validating transactions and adding blocks to the blockchain. It relies on: Solving complex mathematical puzzles using significant computational power. Miners (the ones solving the puzzles) are rewarded with a certain amount of bitcoin (currently 3.125 BTC after the last halving in April 2024). The process requires massive electricity and specialized mining hardware (ASICs). 🔒 Why does Bitcoin still use PoW? 1. High security: It is very difficult to manipulate the chain because rewriting blocks requires enormous computing power. 2. Strong decentralization: Anyone can participate in mining (theoretically). 3. Stability and trust: Changing the mechanism requires community consensus, which is very difficult given the size of the network. ⚠️ What are the downsides? 1. High energy consumption: Mining consumes more electricity than some small countries. 2. Slowness and costs: The network processes only about 7 transactions per second, with high fees during peak times. 3. Mining centralization in practice: Most mining power has become concentrated in large companies. 🆚 Compared to Proof-of-Stake (PoS) Ethereum transitioned from PoW to PoS in September 2022 (The Merge), reducing energy consumption by ~99%. PoS is cheaper and faster, but it raises concerns about the concentration of power among the 'wealthy'. 📌 Will Bitcoin abandon PoW in the future? So far, there is no consensus or serious plans to transition Bitcoin to PoS. And most of the community considers PoW to be part of Bitcoin's philosophy regarding scarcity, censorship resistance, and political neutrality. $BTC

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