#KSM started moving as planned and moved around 7% in favor. With respect to market move, price barely moved any. Once, #BTC stables down, money will start flowing into other coins too. Expected it to reach the resistance and a break too.

The #Bitcoin network is receiving an average of $607m per day of new investor demand** while this is being met by $46m per day of new supply in the form of new coins being mined.

We are now 54 days away from seeing new supply being #halved. 🚀

What Is Moore's Law?

Moore's Law is an observation and prediction made by Gordon Moore, the co-founder of Intel Corporation, in 1965. It states that the number of transistors on a microchip doubles approximately every two years, leading to a doubling of computing power or performance within the same cost.

Originally, Moore's Law referred specifically to the semiconductor industry's ability to continually increase the number of transistors that could be placed on a single integrated circuit at a relatively constant cost. Over time, it has become a broader concept representing the rapid pace of technological advancement and innovation in the field of computing.

Moore's Law has been remarkably accurate for several decades, driving exponential growth in computing power, reducing the size and cost of electronic devices, and enabling the development of increasingly sophisticated technologies. However, as transistor sizes approach atomic scales and physical limitations are reached, some experts debate whether Moore's Law will continue to hold true in the long term. Nevertheless, the principles underlying Moore's Law continue to shape expectations and drive progress in the technology industry.

Importance of Moore's Law

Moore's Law is important to the crypto and blockchain industries for several reasons:

1. Scalability: Moore's Law, which describes the exponential increase in computing power over time, contributes to the scalability of blockchain networks. As hardware capabilities improve, blockchain networks can handle larger transaction volumes and process data more efficiently.

2. Innovation: The rapid pace of technological advancement driven by Moore's Law fuels innovation within the crypto and blockchain space. Developers can leverage increasingly powerful hardware to create more sophisticated blockchain applications, improve consensus mechanisms, and enhance security measures.

3. Cost Reduction: Moore's Law leads to the continual decrease in the cost of computing power. This cost reduction enables broader accessibility to blockchain technology by lowering the barrier to entry for individuals and organizations looking to participate in or build on blockchain networks.

4. Performance: As computing power increases, blockchain networks can achieve higher performance metrics such as transaction throughput, confirmation speed, and overall efficiency. This enhances the user experience and enables blockchain applications to compete more effectively with traditional centralized systems.

5. Decentralization: Moore's Law indirectly supports the decentralization of blockchain networks by enabling a wider distribution of computing resources. As computational power becomes more affordable and accessible, it becomes easier for individuals and entities to participate as network validators, thereby enhancing decentralization and network security.

Overall, Moore's Law plays a crucial role in driving the evolution and adoption of blockchain technology by providing the underlying computing power necessary for its continued growth and development.

Here's the Analysis of #GRT :

#GRT is been moving smoothly with higher highs and lower lows. Price now, made a small a falling wedge over the small flip support level around $0.281 - $0.284. Daily TF, needs to hodl above the support to take the potential buys over it. Alternatively, in case price, breaks below the support then we can go with the shorting with the scalping call towards the next support $0.257.

#BTC slowed down a bit now, momentum goes a bit lower, and hovering below the resistance zone. Well, nothing much changes, price kept on driving for the wick fills and within the new discovered range. Enjoy the alts season ride and our free signals until any new break happens.

Notice of Removal of Spot Trading Pairs - 2024-03-01


https://www.binance.com/en/support/announcement/a4a8fe7c7d734cc4a31b7a24ff717621

#ACE made a daily candle close with a clean retest back to the zone as support and made its push as expected. Trade moved around 10.2% in profits, and i hope you secured some right with it. Potential scale-in is possible but let the price action to develop more as move is very corrective.

#BTC Reached $60,000 Mark 🥂🥂

What is #DXY (Dollar Index) ?

The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.

The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.


Why #DXY is Important ??

It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.

#BTC did some crazy and wild action in the short span of time in the market. That’s why you should always wait for the setup and don’t run in #FOMO jumping in and Out.

Here's the Analysis of #XAI :

#XAI recently got listed in #Binance so there's not much data to analyze, but Price made a triangle breakout of the pattern and drop with the market down move with a crazy behavior. Price made a retest back to the and looking for potential higher high to print out. Still that will be risky are market os highly volatile, so go with smaller lots.

Liquidation Hits more than $700+M in past 24H :->

#BTC is been made a bullish sentiments in the market. Price made a break below of the resistance zone and made a #YTD of $64,000 mark. We're almost at #ATH lets see how the price drives, and a retest back to support will be healthy in the market.

#BLUR made a sharp drop with the market and gave a strong up move or we can say a rejection. Price moved 14% in profits and its good time to secure some right here. More push can come, so monitor the movement closely

24H Liquidation Hits Out $800M+. In this there's both side market played out, liquidating longs too which entered in #FOMO.

the current state of funding rates reaching excessively bullish market levels serves as a critical indicator of market sentiment among derivatives traders. As these rates reflect the cost of maintaining open purchase contracts, their positivity signals heightened interest in price appreciation, potentially leading to increased volatility in the short term.

However, it's important to exercise caution and not rely solely on this indicator, as past bull markets have seen funding rates exceed 0.15, whereas the current rate stands at 0.04. Analysis of spot demand will be crucial moving forward, as sustained demand could drive funding rates even higher before a price correction scenario emerges.

#FIDA made its continue its push to the upside and made a high of $0.40 which is 23.11% in profits.

#DEGO made its push with the market condition and meet the 1st target of $2.71. Price Made a High of $2.834, which is 15.96% profits. I hope you enjoyed the quick move with the time.