EOS is an operating system on the blockchain that runs decentralized applications for businesses. The main focus of the platform is the performance and scalability of smart contracts and transaction throughput. EOS is built to be horizontally scalable, so that in the future it can handle thousands of business applications. #EOSUSDT
After setting the current ATH at $73k in March 2024, demand for long positions in the futures market continues to decline. Additionally, a second attempt to reach above $73k in May saw sentiment briefly turn positive. However, overall sentiment has remained neutral to negative since then.
The recent rally from the $54k region has been a good example of over-leveraged long positions being liquidated near local lows. The funding rate being below the neutral level of 0.01% suggests that there has been no surge in demand for new long positions since the July low was formed. $BTC
A bull trap is a false signal, referring to a downward trend in a stock, index, or other security that reverses after a compelling rally and breakout of a previous support level.
A bull trap is a situation that occurs when an asset whose price continues to decline shows a reversal and upward trend but immediately resumes its downward trend. In a bull trap, the price of an asset surpasses a previous support level, attracting traders and investors who want to play the long term to buy more of the asset.
Bull traps are notoriously deceptive asset indicators, especially for traders who are inexperienced in the world of crypto. In fact, this is one of the reasons why traders should be wary of any sharp trend reversal in an asset's price once it begins to experience a breakout, which is a price movement below a support level.
REVOX is a cutting-edge modular on-chain AI network that revolutionizes decentralized application creation through AI and Large Language Models (LLMs). It provides developers with a variety of APIs and data sources, enabling the development of AI agents tailored to different situations. This intelligent digital ecosystem simplifies the challenges of on-chain AI inference and connects AI with blockchain development. With a strong incentive system, REVOX encourages a collaborative network of agents, promoting innovation and expansion.
Fast transactions, cardano is built to be highly scalable. Currently, it provides 250+ transactions per second Cheap gas fees, the PoS model that Cardano uses is able to offer low transaction fees on its network. The average transaction fee on Cardano is around 0.1 ADA, which is equivalent to a few cents. A higher level of decentralization, the network becomes increasingly decentralized as anyone can become a node validator on Ouroboros. There are approximately more than 1500 validator pools on Cardano. Environmentally friendly, one of the main concerns in the 2021 bull run is the high amount of electricity required by the PoW blockchain. Cardano, with its PoS mechanism, consumes 99% less electricity than blockchains with PoW. Passive income, every Cardano holder has the opportunity to earn passive income by staking their ADA coins. The procedure is as simple as buying ADA tokens and locking them in a wallet like Yoroi.
First, Teng stressed the importance of understanding the basics of crypto. He advises new crypto investors to invest time in learning blockchain technology, cryptocurrencies, and other basic concepts.
"Take the time to learn about blockchain, crypto, and other basics," he says.
Second, Teng highlighted the need for thorough research. "Explore various chains, protocols and projects. The key here is DYOR (Do Your Own Research)," he explained.
By studying various aspects of the crypto market, investors can identify promising opportunities and avoid potential pitfalls.
Lastly, Teng emphasized that investors should try it for themselves. "Start small and use a reputable platform," he added.
"Explore and constantly reassess your strategy," adds Teng.
He explained that this cautious approach allows investors to gain practical experience without having to face significant risks. In a follow-up post, Teng advised investors to avoid the fear of missing out (FOMO).
"Don't FOMO. It's definitely something important!" he emphasized.
Teng further reiterated that his tips are based on his personal experience and are not intended as financial advice. Rather, it is a practical guide aimed at helping individuals navigate the often volatile and unpredictable world of cryptocurrencies. #Binance
Meme coins also usually do not have a burning mechanism that can remove tokens from circulation to prevent excess supply or remove them from circulation permanently, so that their number continues to increase. Because of this, their value per unit is usually very low, therefore with little capital the number of meme coins you can generally get is very large.
The Lido DAO token (LDO) is an ERC-20 token, a native utility token on the Lido protocol used to reward users. The token has a total supply of 1 billion tokens and serves three main functions. $LDO
The price of CASH in 2025 may depend on Bitcoin's performance especially since the token operates on PoW. Many predictions predict BTC will reach $100,000 by 2025. And with CASH outperforming cryptocurrencies, it could go much higher. Therefore, the price of CASH could be $1.22 in 2025.