More Buys Coming 🤔

#TOTAL MARKETCAP UPDATE :

#TOTAL goes as per our plan and Index almost got retested back to the support zone. It break above the Resistance Zone, which will open the gates from the Resistance area of $2.90 - $2.96. A retest back to the zone is expected which will be the healthy.

The price is not the only metric to have recently reached a new ATH. The Bitcoin Realized Cap, being a measure of the total wealth stored in BTC on-chain, has also marched to set a new high of $504B, adding over $40B in capital inflows since 1-March alone.

The Realized Cap is currently increasing at a rate of $54B/month, approaching levels last seen during the run-up in early 2021. This highlights just how significant the capital inflows have been for Bitcoin, driven in part by the tremendous success and demand for the new US ETF products.

What Are Nominators?

Nominators play a crucial role in blockchain networks that utilize the nominated proof-of-stake (NPoS) consensus algorithm, alongside validators. Unlike traditional proof-of-stake (PoS) systems where mining or validation power is solely determined by the number of network tokens owned, NPoS introduces a different approach.

In PoS networks, miners or validators' influence depends entirely on their token holdings, granting more power to those with larger stakes. This power extends beyond transaction validation to governance functions, where validators vote on network development proposals.

However, in practice, not all validators utilize their voting power in every decision-making process. This could be due to various reasons, such as being unavailable or lacking the necessary resources to understand complex technical considerations.

To address this challenge, NPoS introduces a variation of PoS, where validators are selected or nominated to participate in the consensus protocol. NPoS is notably implemented in Substrate-based blockchains like Polkadot and Kusama.

#ETH UPDATE :

#ETH is been goes with the plan and break the level too. Price nearly reached the resistance area of $4111 and kinda rejected from there. Daily TF Market Structure standing bullish and expected the break of this resistance too. Also, note that, there's some liquidity resting below the which might get swept and get into the support zone around $3613.

#BTC just made the drop from newly made resistance zone and broke the minor supports. Price is expected to reach the support zone of $64,800 - $66,000, where a reversal is expected. Market is correcting itself which is a good to see as it will lead to a healthy market movement ahead.

#BNB falling off due to certain market condition/ corrections and before that it moved around 23.7% in profits and i hope you secured with the moving market conditions. Currently, price is correcting itself and hopefully we can expect it to get it around support zone again.

One of the classic patterns observed during Bitcoin bull markets is a transfer of wealth from old to young. Investors who accumulated BTC at cheaper prices several months to years in the past, tend to accelerate their distribution pressure as new ATHs are reached

Main Point is, This wealth transfer is once again in play, with the proportion of wealth held by 'Young coins' (moved within the last 3-months), increasing by 138% since October 2023. This reflects a net expenditure by longer-term investors who had previously held their coins for at least 3-months.

Roles in Nominators

The Validator-Nominators Relationship

Validators form and secure the network, maintaining the services provided by it through the production of new blocks and validating parachain blocks. They run perpetually, using the network’s native tokens to back them as validators and to incentivize their continued abidance by the protocol’s rules. Failing to abide by the rules penalizes them (commonly referred to as “slashing,” while keeping the rules rewards them with a share of the fees generated by use of the network’s services.
In NPoS, however, validators must be elected to participate in every active set, which is a determined period of time that typically becomes longer at latter block heights. This is where nominators come in

Nominators are also token owners but, for reasons mentioned above, are not actively participating in consensus. Instead they use their economic backing (in the form of tokens owned) to nominate the validators of their choosing to be designated for active slots. Nominators are incentivized to do this by earning a share of the rewards that their nominated validators in active slots earn. Like validators, they must also play by the protocol rules or face penalties.

Validators are assigned active slots proportionally to their nominations. Thus, validators who receive more nominations and a higher value of tokens backing them are more likely to be elected into the next active set of validators.

Fair Representation
Because rewards are eventually distributed proportionally to the validaotr’s overall stake, nominators stand to earn higher rewards for nominating perhaps less-established validators who may have smaller stakes backing them. This incentivizes nominators to seek out a more diverse group of validators instead of nominating the same ones for each set.

On the other hand, misbehaving validators will get penalized, reducing rewards for nominators. This incentivizes nominators to conduct due diligence on validators to seek out good-behaving ones.

In this way, NPoS can improve decentralization of blockchain networks by maximizing the decision-making power, while maintaining fairness through proportional and justified representation.

Here's the Analysis of #IOTA :

#IOTA is been very trendy and choppy with the market movement. Price is been very wicky and reached the Strong Support zone around $0.33. Looks like price is getting rejected from the zone and hopefully get a reversal too. You can add some there with lower lots as market is correcting itself. There're bunch of minor support, which might work but we've to wait until a structural shift happen.

Yesterday there was $300M+ liquidation over the market.

#UFT made its way to the upside and hit the as well and nearly reached the 3rd Target. Price made a high of $0.68 which is 55% in profits

#FIDA achieved the 3rd as well and made a high of $0.63 which is 96% in profits 🚀

#FIDA in #BTC pair also nearly the same and made nearly its 2nd target with a high of 942 satoshi which is 48% in profits. I hope you’re securing some profits.

#BITCOIN DAILY TF UPDATE :

#BITCOIN is been correcting itself with the market conditions and making the H4 and all LTF bearish. Daily TF also turned bearish at the moment and made a huge wick from the downside showing absorption. Well, price already tested the support and might goes lower for a final shake out too. Eyes on weekly closing and #DXY as well.

BTC.D (Bitcoin Dominance) is currently testing the support line. A breakthrough below this support could signal a bullish trend for altcoins. Expect a strong rally in altcoins if BTC.D progresses towards the next support zone. 📈 #AltSeason

Today it was more than $700M+ in past 24H

Market hitting hard to #FOMO Buyers.

#FIDA made its way to the last and final target and made a high $0.73 which is 123% in profits

#FIDA in #BTC pairs also did well, and made high 1049 Satoshi which is 65% in profits. I hope you books some right there.

What Is a Nonce in Blockchain?

Nonce (literal meaning — for one occasion) is a way to sequence and segregate transactions on the Ethereum blockchain and other smart contract platforms. Generally, it is used in cryptography as a non-repeated number for securing communication.

An Ethereum wallet can broadcast multiple transactions from an account, without much delay between one another, to the mainnet. Hence, it is necessary to have a mechanism which can determine which transaction is processed first. Otherwise, there would be malfunctions caused by conflicting transactions associated with account balance transfers.

For example, if a broadcasted transaction has a nonce value of 2, it must be processed first before the transaction with nonce value of 3. The Ethereum mainnet is designed in such a manner that a higher-nonce-value transaction couldn’t be included in any blocks until the ones before them are cleared and settled on-chain.

However, this process can have issues since if a transaction with a lower nonce value is stuck (owing to the gas amount), all transactions received afterwards with nonce values higher would also be stuck.

The process of transaction cancellation and transaction speeding on the Ethereum network also uses “nonce” as its basis. For instance, if a user wishes to cancel a transaction, he can send a transaction to his own wallet with the same nonce number as the transaction he is attempting to cancel. It’s not always guaranteed, though, since if the nonce is the same, any transaction might get randomly approved.

In case a transaction is stuck and does not get approved, users can raise the gas price and send the same transaction with the same nonce number. Since the nonce number is the same while the fee has been bumped, this transaction has a higher probability of being validated. Some wallets have both of these functions automated.