There're some rumours that #US Government selling publicly Siezed #Bitcoins.

As per Glassnode data, there isn't any change

What is Eater Address ?

An #Eater Address, also known as a Null Address or #Burn Address, refers to a specific address in a #cryptocurrency network that is designed to be non-spendable and devoid of any #private key ownership. Transactions sent to an Eater Address effectively result in the #permanent loss of those funds because there is no way to access or #retrieve them.

Purpose :

Coin Burning: #Projects or individuals may intentionally send coins or tokens to an Eater Address, effectively #removing them from #circulation and reducing the total supply. This can be done to create #scarcity or to symbolize the destruction of coins.

Placeholder Address: Some blockchain #protocols use Eater Addresses as placeholders or reserved addresses for certain #functionalities within the network. These addresses act as markers or #indicators without the ability to receive or control any #funds.

Testing and Debugging: Eater Addresses can be utilized during #software development, #testing, or #debugging processes. Transactions sent to these #addresses can help identify #potential issues or verify the behavior of the network without #risking the loss of actual funds.

#TVK/BTC BUY/LONG CALL

Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀

Targets: 133-167-200-245 satoshi

Stop if 1D closes below 109 satoshi

#TVK/USDT BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: $0.0361-0.0475-0.0635-0.0820

Stop if 1D close below $0.0291

#TVK looking ready for a ride again 🚀

You can buy it now if you missed quick gain from this gem last time ✌🏻

Here's the analysis of #FTM :

#FTM is been retested the major resistance level of $0.398 - $0.396 and rejected. Price is kinda confuses to moves any further, but overall expectations is to dip till major support zone of $0.325 - $0.334. You can take shorting opportunity on the retest near $0.38 and higher.

#BTC gave a clean break below of the zone and was price unable to hodl above it. Price reaching out the minor support area nearby $26,000. Can't anticipating any strong Bounce or reversal from there, so look for shorts in alts.

#BTC.D (#Bitcoin Dominance) is been given a break below of the consolidation range and moving alts, Technically altcoins should pump with that, but remember as we said, #BTC movement is also plays the important role. #Bitcoin also dumped with it and alts followed it, 47.5% and Lower support around 47% is the next area to reach on.

What is an Elastic Supply Token?


An #Elastic Supply Token, also known as a rebasing token or a #reflexive token, is a type of cryptocurrency whose supply adjusts or "#rebases" dynamically based on predefined rules or algorithms. The goal of an elastic supply token is to maintain a stable purchasing power or price stability over time.

Unlike traditional #cryptocurrencies with fixed supplies like #Bitcoin, which have a limited number of coins that will ever exist, elastic supply tokens have a flexible supply that can expand or #contract based on certain conditions. The supply adjustments are typically triggered periodically, often daily or even more frequently.

The rebasing mechanism of elastic supply tokens works as follows:

Price-based Rebase: The #supply adjustments are triggered by the token's price movements. When the token's price exceeds a certain threshold, the token supply expands, and when the price falls below that #threshold, the token supply contracts. This expansion and contraction aim to influence the #token's price towards a desired target.

Supply Expansion: When the token's price exceeds the threshold, new tokens are #minted and distributed proportionally among token holders, effectively increasing the #supply. This process is often referred to as a positive rebase.

Supply Contraction: Conversely, when the token's price falls below the threshold, a fraction of tokens is taken from holders' #balances to reduce the supply. This process is often referred to as a negative rebase.

The goal of an #elastic supply token is to maintain price stability or a specific price target by adjusting the token #supply based on market #demand. The supply adjustments aim to incentivize buying or selling #pressure to restore equilibrium and minimize price #volatility.

#Ampleforth (#AMPL) is one example of an #elastic supply token that utilizes a rebasing mechanism to achieve price stability. However, it's important to note that elastic supply #tokens can be complex and come with their own considerations and risks, so thorough #understanding and research are crucial before #engaging with them.

#ARB failed to perform the retest and did goes in our direction and break below the major support zone, which is now turned it into major resistance area. Potential all may come from here, try to stack position in LTF (Lower Time frame) with low risk.

Here's the analysis of #APT :

We've already running the analysis of the #APT here (Analysis), are trades running too. Both trades were in profits. Better to cut out the positions. Next drop is expect till support zone of $6.90 - $7.15. Don't hurry for buys over that support area hodl the sells and wait for buys

Price took the liquidity from the $26,000 level. The market is giving a little upward movement and this may be a dead cat bounce. Still, the structure is bearish and we expect downward movement. Use proper risk management and stop loss in all open trades.

#FTM is been consolidating in a range and did gave any move barely. Price will decide the movement after a breakout if the range. You can take the position accordingly after a breakout.

#DOGE is been given a break- below of the support level and retested it. We recommended shorts over there, if you took it then you're in nearly 11% profits. I hope you secured some with the moving market. Price almost reached the support level of $0.0657 - $0.0677.

What Are #Bitcoin Ordinals?

The #Ordinals protocol is a system for numbering #satoshis, giving each satoshi a serial number and tracking them across #transactions. Simply put, ordinals allows users to make individual satoshis unique by attaching extra data to them. This process is known as “inscription”.

Satoshis are numbered based on the order in which they were #mined and transferred. The numbering scheme relies on the order satoshis are mined, while the transfer scheme relies on the order of transaction #inputs and #outputs. Hence the name, “ordinals”.

While traditional #NFTs are similar to ordinals in some ways, there are a few key differences. NFTs have typically been made using smart #contracts on blockchains such as #Ethereum, #Solana, and the #BNB Smart Chain, and sometimes, the assets they represent are hosted elsewhere.

Conversely, ordinals are inscribed directly onto individual #satoshis, which are then included in blocks on the #Bitcoin #blockchain. Ordinals reside fully on the blockchain and do not require a sidechain or separate token. In this sense, ordinal inscriptions inherit the #simplicity, #immutability, #security, and #durability of Bitcoin itself.

Here's the Analysis of #FIL :

#FIL is been broken down the major support zone and now being a major resistance area at $4.63 - $5.00. Currently, price flipped the 4H level, taking it as resistance area to print a new lower low. Next move is expected till support around $3.95, until price flip any structural resistance. You can look for shorts opportunity here

#BTC didn't gave any strong movement, price just Consolidating in a range, while testing the resistance area of $26,900 - $26,970. A flip above will still have multiple obstacles over there but a rejection is highly expected. Keep an eye on breakout of the range.