The Solana ecosystem has achieved a significant milestone by becoming the most popular blockchain ecosystem of the year. This is due to its ability to capture nearly half of the world’s crypto investor interest in the chain-specific theater. Together with the outstanding performance of native meme coins like dogwifhat and important ecosystem project tokens like Pyth, Solana’s comeback to 2021 peaks show a revived faith in the network. Solana’s Dominance: Coingecko Study Insights According to a study by Coingecko, as a result of Solana’s nearly 50% share of global chain-specific interest, and its affiliated projects’ increasing popularity and performance, the…
Author: msmark
This blog post discloses a threat against the Ethereum network that was present from the Merge up until the Dencun hard fork. Background Prior to the merge, different message size limits for RPC communication were set to protect clients from denial-of-service (DOS) attacks. These limits, applied to messages received via HTTP endpoints, were carried over to the engine API, which plays a crucial role in connecting Execution and Consensus Layer clients during block production. Due to the engine API’s involvement in block production, it became possible for blocks to be produced that surpassed the RPC size limits of some clients…
2024.03.21 2024.03.21 Short-term analysis for oil, gold, and EURUSD for 21.03.2024Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The euro is rising after the Fed left interest rates unchanged.The article covers the following subjects:Oil price forecast for today: USCrude analysisOil is correcting downwards, with a target at support (A) 79.73 – 79.40. The short-term uptrend continues. If the price reaches support (A) as part of the correction, consider new purchases…
CHF/JPY is almost at its 2024 highs! Will the bears step in once again? Or can CHF bulls extend the pair’s upswing and bring it to new 2024 highs? If you missed the AUD/CAD, NZD/JPY, and NZD/USD trade opportunities from earlier this week, then you should check out the 4-hour setup that we’re looking at today! CHF/JPY 4-hour Forex Chart by TradingView CHF/JPY is hanging out at the 170.25 area, which is just above the R2 (169.90) Pivot Point line and the 170.00 psychological level for the pair. How high can CHF/JPY fly before the bears step in? Earlier today,…
After a torrid start to the year, gold has more than made up for it with a record-breaking March month. The precious metal is nearing 8% gains this month, as it roars back to $2,200 after having briefly dipped below $2,000 during February trading.Gold (XAU/USD) weekly chartI remember the latter quite vividly as gold initially dipped after the US CPI data at the time. And then rebounding slightly after on softer US retail sales data in the same week. The bounce also coincided with a key technical point, with buyers putting up a defense at the 100-day moving average.Following which,…
Cardano (ADA), currently positioned as the 9th largest cryptocurrency by market capitalization, has encountered a downward trend following the prevailing bearish sentiment in the crypto market. Bitcoin (BTC), the market leader, has led the way in price corrections for top cryptocurrencies. Despite ADA’s recent retracement of nearly 20% in the past week after reaching a 22-month high of $0.810 on March 14, there are indications that a potential trend reversal is on the horizon. This shift in momentum could potentially drive ADA towards reclaiming the $1 mark, which it hasn’t reached since April 2022. Bullish Momentum Building For ADA Crypto…
Dogecoin is recovering higher from $0.1220 against the US Dollar. DOGE must clear the $0.1650 resistance to start another increase toward $0.200. DOGE declined heavily and tested the $0.1220 support against the US dollar. The price is trading below the $0.1650 level and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1600 and $0.1650 resistance levels. Dogecoin Price Recovers Over 15% After a strong decline,…
USD/CAD appreciates as the Fed reaffirms expectations for three interest rate cuts in 2024. Higher WTI price could have contributed to underpinning the Canadian Dollar. FOMC has projected stronger growth throughout 2024 and 2025 than initially anticipated. USD/CAD moves downward to near 1.3470 during the Asian session on Thursday, extending its losses for the second successive day. The Canadian Dollar (CAD) likely found support from rising Crude oil prices. West Texas Intermediate (WTI) crude oil prices edge higher, reaching close to $81.70 by the time of reporting. This increase may have bolstered the CAD, as the United States (US) Energy…
Ethereum price started a recovery wave from the $3,050 zone. ETH is up over 10% and is now struggling to clear the $3,550 resistance zone. Ethereum started a decent recovery wave from the $3,050 zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,550 resistance zone. Ethereum Price Starts Recovery Ethereum price extended its decline below the $3,350 and $3,200 levels,…
FORECAST – GOLD, EUR/USD, NASDAQ 100The Fed held borrowing costs unchanged and continued to indicate it would deliver three rate cuts this yearThe dovish policy outlook weighed on the U.S. dollar and yields, boosting gold prices and the Nasdaq 100This article examines the technical outlook for XAU/USD, EUR/USD and the NDXMost Read: Fed Holds Rates Steady, 2024 Policy Outlook Unchanged – What Now?U.S. stocks and gold prices rallied while the U.S. dollar skidded lower on Wednesday after the Federal Reserve stuck to the script and largely maintained the same policy outlook embraced three months ago in the previous Summary of…