crypto2023

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on a decentralized network known as a blockchain, which is a distributed ledger that records all transactions across multiple computers or nodes.

One of the most well-known cryptocurrencies is Bitcoin, which was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin was the first decentralized cryptocurrency and remains the most valuable and widely recognized.

Cryptocurrencies offer several advantages over traditional forms of money. They provide a secure and transparent way to conduct transactions, as each transaction is verified and recorded on the blockchain. The decentralized nature of cryptocurrencies eliminates the need for intermediaries, such as banks, resulting in lower transaction fees and faster settlement times.

Another key feature of cryptocurrencies is their limited supply. Most cryptocurrencies have a predetermined maximum supply, which prevents inflation and ensures scarcity. This scarcity, combined with increasing demand, has contributed to the rise in the value of many cryptocurrencies over time.

In addition to Bitcoin, there are thousands of other cryptocurrencies, often referred to as altcoins. These alternative coins have diverse features and use cases. Some cryptocurrencies, like Ethereum, go beyond simple digital currency and enable the development of decentralized applications (DApps) and smart contracts. Others focus on privacy, scalability, or specific industries such as gaming or supply chain management.

Cryptocurrencies have gained popularity and mainstream acceptance over the years. Many businesses now accept Bitcoin and other cryptocurrencies as a form of payment. Furthermore, institutional investors and financial institutions have started to explore cryptocurrencies as investment assets, further contributing to their growth.

However, cryptocurrencies also face challenges and controversies. Price volatility is one of the major concerns, as values can fluctuate significantly in short periods. Regulatory issues, security vulnerabilities, and scams are also prevalent in the cryptocurrency space. Governments and central banks worldwide are grappling with the need to develop appropriate regulations to protect investors and prevent illicit activities while fostering innovation.

Despite the challenges, the underlying technology behind cryptocurrencies, blockchain, has gained recognition for its potential applications beyond finance. It has the potential to revolutionize various industries, including healthcare, supply chain management, voting systems, and more.

As the cryptocurrency ecosystem continues to evolve, it is essential for individuals to understand the risks and benefits associated with these digital assets. Education and caution are crucial when investing or transacting with cryptocurrencies.

#ceocrypto25 #crypto2023

Over the past five days, the Frog-themed #memecoin has been hovering above the monthly support of $0.00000082. While the broader market uncertainty prevents the coin buyers from a significant rebound the lower price rejection in the daily candle reflects the rising demand pressure is intact. Here’s how a potential rebound from the aforementioned support could influence the future trend of #pepe price.

Pepe Coin Daily Chart: Key Points

A bullish breakout from the upper trendline could offer an early sign of trend reversal

The PEPE price may witness a high demand pressure at $0.00000082

The 24-hour trading volume in the Pepe coin is $66.39 Million, indicating a 10% loss.

PEPE Price PredictionSource-tradingview

The Pepe coin price chart shows the ongoing correction is led by a downsloping channel. Along with the above-mentioned $0.00000082 support, the lower trendline of this pattern offers an additional push for a rebound.

In the past weeks, the PEPE price has rebounded from this trendline support multiple times, indicating the buyer’s active accumulation. The potential rebounded could raise the prices 40% higher to hit the upper trendline near $0.00000115.

However, the chart indicates this anticipated as the formation of a bullish reversal pattern called a double bottom. The chart pattern often spotted at the market bottom is a sign of increased accumulation.

Under the influence of this setup, the Pepe coin price may trigger a rally to $0.00000188.

Can the PEPE Price Rise Back to $0.0000015?

While the bullish outlook seems valuable for the PEPE price, the influence of the channel pattern is still aggressive on traders. Therefore, the investors looking for a safer entry should wait for a breakout above the resistance trendline as it may bolster buyers for the early target of $0.0000015.

On a contrary note, a bearish breakdown below the $0.00000082 or channel pattern may invalidate the bullish thesis

Average Directional Index: The daily ADX at 35% reflects the ongoing correction in reaching maturity, bolstering the potential of a bullish reversal

Exponential Moving Average: The downsloping EMAs(20, 50, and 100) could offer dynamic resistance in-market buyers.

$PEPE

#cryptocurrency

#bitcoin

#crypto2023

In a study that was released today, cryptocurrency grading and research company TokenInsight showed that the aggregate trading volume of the top 10 cryptocurrency exchanges in 2023 reached an astounding $34.26 trillion. This is a 16% decrease from the previous year's corresponding figure.
In spite of legal challenges, Binance Maintains Its Top Rank
Despite the fact that it was subject to litigation and regulatory hurdles, Binance, which is one of the most prominent cryptocurrency exchanges in the world, managed to keep its position as the leading exchange. Over the course of the year, Binance's market share went from 54.2% to 48.7%, as shown by the research, which noted a minor reduction in the company's market share.
More than five percent of this decline may be linked to regulatory issues as well as the termination of Binance's zero-fee Bitcoin event in the month of March.
Additionally, the analysis provided light on the shifting dynamics that are occurring inside the industry for bitcoin exchanges.
Particularly noteworthy are the fact that exchanges such as OKX and Bybit emerged as benefactors, enjoying a significant growth in market share of 4.3% and 2.2%, respectively.
Recuperation of the Market and Factors That Influence It
The research by TokenInsight provided an overview of the path that the cryptocurrency sector would take into the year 2023.
A frantic bear market that lasted from the middle of 2022 until the beginning of 2023 presented a difficult beginning for the business.
There were, however, a number of encouraging announcements that served as catalysts for the market rebound. These developments included the completion of the Ethereum Shapella upgrade, the introduction of BRC-20 Ordinal, and BlackRock's filing of an application for a Bitcoin spot ETF.
Positive catalysts and the Cryptocurrency Bitcoin's Rollercoaster Ride
In the research, the swings in Bitcoin's price and trading volume were recorded. The analysis highlighted a fast growth in the value of Bitcoin, which went from $50 billion to roughly $150 billion in only one month. It was on March 14 that the daily trading volume reached its highest point in the first quarter, which coincided with a 16.6% increase in the price of Bitcoin in only 24 hours.
As a result of subsequent stability in the second and third quarters, as well as favorable news, such as the successful upgrading of Ethereum Shapella and BlackRock's application for an exchange-traded fund, confidence was inspired, which temporarily pushed the price of Bitcoin beyond $30,000 in late June.
In spite of the fact that it had dropped to a market share of 32% in November, it quickly recovered and reached a level of almost 48% by the end of the year. The market and users continued to have faith in Binance as a result of this stability, which was accompanied by the lack of regulatory complaints relating to asset security.
#Binance #crypto2023 #TrendingTopic

Huawei has launched its Web3 Node Engine Service (NES) to support decentralized financial (DeFi) developers in managing blockchain nodes. The NES currently supports over eight Layer One (L1) and Layer Two (L2) blockchains, including Ethereum and BNB Chain, and integrates with MEV-boost to optimize staking rewards. The service is designed to simplify node management and reduce development costs, potentially driving wider adoption of digital assets. Huawei's entry into the blockchain technology space is recognized as a significant stride toward the broader adoption of digital assets and blockchain applications.
#crypto2023

据界面新闻报道，科达自控近期投资者关系活动记录表显示，华为作为公司的上游合作方，早期在煤矿一张网 4G、5G 通讯、人工智能、服务器、数据中心等方面均有合作，主要合作方式是华为在技术方面为我们提供技术或产品支持，公司负责完成生产环节的应用控制，开发适用于矿井特殊环境的技术或产品。近期公司正在尝试将华为矿鸿、盘古大模型应用于井下通风控制系统、井下水情预警系统等。
#crypto2023