The Bank of Israel adopted #Ethereum technology for an internal pilot run of the digital shekel📈.
What is Crypto Faucet?
A #crypto faucet lets users earn small #crypto rewards by completing simple tasks. The metaphor is based on how even one drop of water from a leaky faucet could eventually fill up a cup. There are various kinds of crypto faucets, including #Bitcoin (#BTC), #Ethereum (#ETH), and #BNB faucets.
#Crypto faucets are generally made to be simple and user-friendly. Users usually need to register an account with the digital asset service first. There are also dedicated crypto faucet sites and apps that specialize in offering free crypto to users who complete simple tasks. In both cases, users should have their #crypto wallets to receive the rewards and may sometimes be asked to verify their identity.
Users are offered to complete tasks that can include watching videos, reading articles, watching ads, playing games, and taking quizzes or surveys.
Crypto Faucet VS Airdrops
#Crypto faucets are different from airdrops in that the latter follow a predetermined schedule of reward distribution. #Airdrops are usually given to those holding a specific token or using a crypto wallet to raise awareness of a particular project.
Note : #Crypto Faucets are very useful way to earn crypto in the starting days when #Bitcoin was introduced. Now, a days its not a reliable way to earn from these faucets. Better you should look for #Airdrops.
A #crypto faucet lets users earn small #crypto rewards by completing simple tasks. The metaphor is based on how even one drop of water from a leaky faucet could eventually fill up a cup. There are various kinds of crypto faucets, including #Bitcoin (#BTC), #Ethereum (#ETH), and #BNB faucets.
#Crypto faucets are generally made to be simple and user-friendly. Users usually need to register an account with the digital asset service first. There are also dedicated crypto faucet sites and apps that specialize in offering free crypto to users who complete simple tasks. In both cases, users should have their #crypto wallets to receive the rewards and may sometimes be asked to verify their identity.
Users are offered to complete tasks that can include watching videos, reading articles, watching ads, playing games, and taking quizzes or surveys.
Crypto Faucet VS Airdrops
#Crypto faucets are different from airdrops in that the latter follow a predetermined schedule of reward distribution. #Airdrops are usually given to those holding a specific token or using a crypto wallet to raise awareness of a particular project.
Note : #Crypto Faucets are very useful way to earn crypto in the starting days when #Bitcoin was introduced. Now, a days its not a reliable way to earn from these faucets. Better you should look for #Airdrops.
What Are Smart Contracts?
#Smart contracts are self-executing contracts that use blockchain technology to automatically enforce the terms of an agreement. They are computer programs that run on a blockchain and can #facilitate, #verify, and #enforce the negotiation or performance of a contract without the need for intermediaries. Smart #contracts can be used in a wide range of applications, including finance, real estate, supply chain management, and more.
They are designed to be #secure, #transparent, and #tamper-proof, with all transactions being recorded on a public #ledger that is accessible to all parties involved. Smart contracts eliminate the need for intermediaries, reduce costs, increase efficiency, and improve the overall #transparency and #trustworthiness of transactions.
Smart contracts have the potential to revolutionize the way we conduct business and interact with each other. They offer greater #transparency, #security, and efficiency, and can help reduce the #costs and risks associated with traditional contract enforcement.
Benefits of Smart Contracts ?
Distributed —> Smart contracts are replicated and distributed in all nodes of the #Ethereum network. This is one of the major differences from other solutions that are based on #centralized servers.
Deterministic —> Smart contracts only perform the actions they were designed to, given the requirements are met. Also, the outcome will always be the same, no matter who executes them.
Immutable —> Smart contracts can't be changed after deployed. They can only be "Deleted" if a particular function was previously implemented. Thus, we may say that smart contracts can provide tamper-proof code.
Customizable —> Before deployment, smart contracts can be coded in many different ways. So, they can be used to create many types of #Decentralized applications (#DApps).
Trustless —> Two or more parties can interact via smart contracts without knowing or trusting each other. In addition, #blockchain technology ensures that data is accurate.
Transparent —> Since smart contracts are based on a #public blockchain, their source code is not only #immutable but also visible to anyone.
#Smart contracts are self-executing contracts that use blockchain technology to automatically enforce the terms of an agreement. They are computer programs that run on a blockchain and can #facilitate, #verify, and #enforce the negotiation or performance of a contract without the need for intermediaries. Smart #contracts can be used in a wide range of applications, including finance, real estate, supply chain management, and more.
They are designed to be #secure, #transparent, and #tamper-proof, with all transactions being recorded on a public #ledger that is accessible to all parties involved. Smart contracts eliminate the need for intermediaries, reduce costs, increase efficiency, and improve the overall #transparency and #trustworthiness of transactions.
Smart contracts have the potential to revolutionize the way we conduct business and interact with each other. They offer greater #transparency, #security, and efficiency, and can help reduce the #costs and risks associated with traditional contract enforcement.
Benefits of Smart Contracts ?
Distributed —> Smart contracts are replicated and distributed in all nodes of the #Ethereum network. This is one of the major differences from other solutions that are based on #centralized servers.
Deterministic —> Smart contracts only perform the actions they were designed to, given the requirements are met. Also, the outcome will always be the same, no matter who executes them.
Immutable —> Smart contracts can't be changed after deployed. They can only be "Deleted" if a particular function was previously implemented. Thus, we may say that smart contracts can provide tamper-proof code.
Customizable —> Before deployment, smart contracts can be coded in many different ways. So, they can be used to create many types of #Decentralized applications (#DApps).
Trustless —> Two or more parties can interact via smart contracts without knowing or trusting each other. In addition, #blockchain technology ensures that data is accurate.
Transparent —> Since smart contracts are based on a #public blockchain, their source code is not only #immutable but also visible to anyone.
What is PoW (Proof of Work) ?
#Proof of Work (#PoW) is a consensus #mechanism used by many #blockchain networks to validate transactions and add new blocks to the #chain. In a PoW system, nodes on the #network compete to solve complex mathematical problems, with the first node to #solve the problem being rewarded with a block of #transactions that is added to the blockchain.
The process of solving the #mathematical problem requires significant #computational power, which is provided by the #nodes on the network. Nodes that participate in the PoW process are called #miners, and they use specialized hardware and software to perform the calculations necessary to #solve the problem.
Once a miner successfully solves the problem, they #broadcast the solution to the network, along with a list of valid transactions. Other nodes on the network then validate the solution and the transactions, and if everything is correct, the new #block is added to the blockchain.
PoW systems are designed to be #secure and resistant to attacks. However, PoW can be resource-intensive and require a significant amount of #energy to operate.
Some well-known #cryptocurrencies that use PoW include #Bitcoin, #Ethereum, and #Litecoin. These networks rely on PoW to maintain the integrity of the blockchain and ensure that transactions are processed in a secure and #decentralized manner.
#Proof of Work (#PoW) is a consensus #mechanism used by many #blockchain networks to validate transactions and add new blocks to the #chain. In a PoW system, nodes on the #network compete to solve complex mathematical problems, with the first node to #solve the problem being rewarded with a block of #transactions that is added to the blockchain.
The process of solving the #mathematical problem requires significant #computational power, which is provided by the #nodes on the network. Nodes that participate in the PoW process are called #miners, and they use specialized hardware and software to perform the calculations necessary to #solve the problem.
Once a miner successfully solves the problem, they #broadcast the solution to the network, along with a list of valid transactions. Other nodes on the network then validate the solution and the transactions, and if everything is correct, the new #block is added to the blockchain.
PoW systems are designed to be #secure and resistant to attacks. However, PoW can be resource-intensive and require a significant amount of #energy to operate.
Some well-known #cryptocurrencies that use PoW include #Bitcoin, #Ethereum, and #Litecoin. These networks rely on PoW to maintain the integrity of the blockchain and ensure that transactions are processed in a secure and #decentralized manner.
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.
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.
What Is Taproot in #Bitcoin ?
#Taproot is a soft #fork that improves Bitcoin’s scripts to increase privacy, efficiency, and the network’s ability to process smart #contracts. It is considered the most significant Bitcoin upgrade since the #SegWit upgrade in 2017.
The #Taproot upgrade consists of 3 distinct Bitcoin Improvement Proposals (BIP), including Taproot, #Tapscript, and its core - the new digital signature scheme called #Schnorr signatures. Taproot aims to bring several benefits to Bitcoin users, such as enhanced transaction #privacy and lower transaction fees. It will also enable #Bitcoin to execute more complex transactions and potentially widen its use cases to compete with #Ethereum, especially on smart contract capabilities and supporting Decentralized Finance (#DeFi) and non-fungible token (NFT) on the network.
How does Taproot benefit #Bitcoin?
—> Improve network #scalability by reducing the amount of data to be transferred and stored on the #blockchain.
—> More transactions per block (higher #TPS rate).
—> Lower transaction #fees.
#Taproot is a soft #fork that improves Bitcoin’s scripts to increase privacy, efficiency, and the network’s ability to process smart #contracts. It is considered the most significant Bitcoin upgrade since the #SegWit upgrade in 2017.
The #Taproot upgrade consists of 3 distinct Bitcoin Improvement Proposals (BIP), including Taproot, #Tapscript, and its core - the new digital signature scheme called #Schnorr signatures. Taproot aims to bring several benefits to Bitcoin users, such as enhanced transaction #privacy and lower transaction fees. It will also enable #Bitcoin to execute more complex transactions and potentially widen its use cases to compete with #Ethereum, especially on smart contract capabilities and supporting Decentralized Finance (#DeFi) and non-fungible token (NFT) on the network.
How does Taproot benefit #Bitcoin?
—> Improve network #scalability by reducing the amount of data to be transferred and stored on the #blockchain.
—> More transactions per block (higher #TPS rate).
—> Lower transaction #fees.
What is EIP (Ethereum Improvement Proposal) ?
#EIP, or Ethereum Improvement Proposal, is a formal document that outlines proposed changes and #enhancements to the #Ethereum blockchain. It serves as a platform for developers, researchers, and #community members to contribute their ideas and improvements to the Ethereum #ecosystem.
#EIPs cover a wide range of topics, including protocol #upgrades, new features, and standards for the Ethereum platform. Each #EIP is assigned a unique number and follows a specific format that includes sections such as #abstract, motivation, technical specifications, and references.
The EIP process encourages open #collaboration and community involvement. Proposed #EIPs undergo a review process where they are #examined, discussed, and refined by the Ethereum community. This #process helps to ensure that proposed changes are thoroughly vetted and understood before they are implemented.
EIPs have played a crucial role in shaping the #development of Ethereum. Notable EIPs include EIP-20, which introduced the #ERC-20 token standard, and #EIP-1559, which introduced changes to Ethereum's fee structure.
By providing a structured #framework for proposing and discussing improvements, EIPs promote transparency, innovation, and #consensus-building within the #Ethereum community. They are instrumental in the #continuous evolution and #advancement of the Ethereum ecosystem.
#EIP, or Ethereum Improvement Proposal, is a formal document that outlines proposed changes and #enhancements to the #Ethereum blockchain. It serves as a platform for developers, researchers, and #community members to contribute their ideas and improvements to the Ethereum #ecosystem.
#EIPs cover a wide range of topics, including protocol #upgrades, new features, and standards for the Ethereum platform. Each #EIP is assigned a unique number and follows a specific format that includes sections such as #abstract, motivation, technical specifications, and references.
The EIP process encourages open #collaboration and community involvement. Proposed #EIPs undergo a review process where they are #examined, discussed, and refined by the Ethereum community. This #process helps to ensure that proposed changes are thoroughly vetted and understood before they are implemented.
EIPs have played a crucial role in shaping the #development of Ethereum. Notable EIPs include EIP-20, which introduced the #ERC-20 token standard, and #EIP-1559, which introduced changes to Ethereum's fee structure.
By providing a structured #framework for proposing and discussing improvements, EIPs promote transparency, innovation, and #consensus-building within the #Ethereum community. They are instrumental in the #continuous evolution and #advancement of the Ethereum ecosystem.
What Are Meme Coins?
#Meme coins, also known as meme cryptocurrencies or internet meme #tokens, are a type of digital #currency that gained popularity primarily through social media platforms and #online communities. These coins often feature a humorous or lighthearted theme, and their value and appeal are largely driven by internet #memes, #jokes, or viral trends.
Meme coins are typically created as a form of #decentralized cryptocurrency on blockchain platforms such as #Ethereum. They often have unique characteristics, including catchy names, distinctive logos or symbols, and community-driven marketing efforts. Some well-known meme coins include #Dogecoin (#DOGE) and #Shiba Inu (#SHIB).
While meme coins may have gained attention and a dedicated following due to their meme-driven nature, it's important to note that they often lack substantial utility or #fundamental value. Their prices can be highly volatile, and #investments in meme coins carry significant #risks. Meme coins should be approached with caution, and thorough research is advised before considering any investment or involvement with these types of cryptocurrencies
#Meme coins, also known as meme cryptocurrencies or internet meme #tokens, are a type of digital #currency that gained popularity primarily through social media platforms and #online communities. These coins often feature a humorous or lighthearted theme, and their value and appeal are largely driven by internet #memes, #jokes, or viral trends.
Meme coins are typically created as a form of #decentralized cryptocurrency on blockchain platforms such as #Ethereum. They often have unique characteristics, including catchy names, distinctive logos or symbols, and community-driven marketing efforts. Some well-known meme coins include #Dogecoin (#DOGE) and #Shiba Inu (#SHIB).
While meme coins may have gained attention and a dedicated following due to their meme-driven nature, it's important to note that they often lack substantial utility or #fundamental value. Their prices can be highly volatile, and #investments in meme coins carry significant #risks. Meme coins should be approached with caution, and thorough research is advised before considering any investment or involvement with these types of cryptocurrencies
What is Crypto Faucet ?
A crypto #faucet is a website or application that rewards users with small amounts of #cryptocurrency for completing certain tasks or activities. It is called a "#faucet" because it operates similarly to a tap or faucet that releases small amounts of water.
In the context of #cryptocurrency, a faucet typically dispenses small fractions of a cryptocurrency token, such as #Bitcoin or #Ethereum, to users. These tokens are usually given away for #free and serve as a way to introduce new users to the world of cryptocurrencies. The tasks or activities required to earn the #rewards can vary and may include #watching advertisements, #completing surveys, #playing games, or #solving captchas.
Crypto faucets are often used as a promotional #tool by cryptocurrency projects to increase awareness, drive user engagement, and distribute #tokens to a wider #audience. While the rewards from crypto faucets are typically small, they can #accumulate over time, especially if users consistently engage with multiple faucets.
A crypto #faucet is a website or application that rewards users with small amounts of #cryptocurrency for completing certain tasks or activities. It is called a "#faucet" because it operates similarly to a tap or faucet that releases small amounts of water.
In the context of #cryptocurrency, a faucet typically dispenses small fractions of a cryptocurrency token, such as #Bitcoin or #Ethereum, to users. These tokens are usually given away for #free and serve as a way to introduce new users to the world of cryptocurrencies. The tasks or activities required to earn the #rewards can vary and may include #watching advertisements, #completing surveys, #playing games, or #solving captchas.
Crypto faucets are often used as a promotional #tool by cryptocurrency projects to increase awareness, drive user engagement, and distribute #tokens to a wider #audience. While the rewards from crypto faucets are typically small, they can #accumulate over time, especially if users consistently engage with multiple faucets.
What is Stablecoin ?
#Stablecoin are a type of cryptocurrency that are designed to maintain a stable value, usually #pegged to a fiat currency like the #US dollar. Unlike other cryptocurrencies such as #Bitcoin or #Ethereum, which can experience significant price volatility, stablecoins aim to provide stability and minimize fluctuations in value. They achieve this by backing the value of each coin with #reserves of the pegged fiat currency or other assets.
Stablecoins offer several benefits in the crypto ecosystem. They can be used as a store of value, a medium of #exchange, or a unit of account, providing stability for users and facilitating everyday transactions. Additionally, stablecoins can enable #faster and cheaper #cross-border transactions compared to traditional #banking systems.
Different types of stablecoins exist, including #fiat-collateralized stablecoins, crypto-collateralized stablecoins, and algorithmic stablecoins. Each type has its own mechanism for maintaining price stability.
Overall, stablecoins play a crucial role in the cryptocurrency market, providing a reliable and stable digital #asset that combines the benefits of cryptocurrencies with the stability of traditional fiat currencies.
#Stablecoin are a type of cryptocurrency that are designed to maintain a stable value, usually #pegged to a fiat currency like the #US dollar. Unlike other cryptocurrencies such as #Bitcoin or #Ethereum, which can experience significant price volatility, stablecoins aim to provide stability and minimize fluctuations in value. They achieve this by backing the value of each coin with #reserves of the pegged fiat currency or other assets.
Stablecoins offer several benefits in the crypto ecosystem. They can be used as a store of value, a medium of #exchange, or a unit of account, providing stability for users and facilitating everyday transactions. Additionally, stablecoins can enable #faster and cheaper #cross-border transactions compared to traditional #banking systems.
Different types of stablecoins exist, including #fiat-collateralized stablecoins, crypto-collateralized stablecoins, and algorithmic stablecoins. Each type has its own mechanism for maintaining price stability.
Overall, stablecoins play a crucial role in the cryptocurrency market, providing a reliable and stable digital #asset that combines the benefits of cryptocurrencies with the stability of traditional fiat currencies.
What is #DEX ?
A #DEX, short for Decentralized Exchange, is a type of cryptocurrency exchange that operates on a #decentralized network, such as a blockchain. Unlike traditional centralized exchanges that rely on a central #authority to facilitate transactions, DEXs enable peer-to-peer trading directly between users. They typically utilize smart contracts and decentralized #protocols to execute trades in a secure and transparent manner.
#DEXs offer several advantages over centralized exchanges, including increased #privacy, reduced reliance on intermediaries, and greater control over one's funds. Since transactions occur directly between #users, there is no need for a centralized party to hold and manage user funds. This enhances security and eliminates the risk of #hacking or theft associated with #centralized exchanges.
DEXs also promote the principles of decentralization and censorship resistance, aligning with the ethos of cryptocurrencies. By leveraging blockchain technology, DEXs enable users to trade digital assets while maintaining ownership and control over their private keys.
Examples of popular DEXs include #Uniswap, #SushiSwap, and #PancakeSwap, each operating on different blockchain networks such as #Ethereum and #Binance Smart Chain.
A #DEX, short for Decentralized Exchange, is a type of cryptocurrency exchange that operates on a #decentralized network, such as a blockchain. Unlike traditional centralized exchanges that rely on a central #authority to facilitate transactions, DEXs enable peer-to-peer trading directly between users. They typically utilize smart contracts and decentralized #protocols to execute trades in a secure and transparent manner.
#DEXs offer several advantages over centralized exchanges, including increased #privacy, reduced reliance on intermediaries, and greater control over one's funds. Since transactions occur directly between #users, there is no need for a centralized party to hold and manage user funds. This enhances security and eliminates the risk of #hacking or theft associated with #centralized exchanges.
DEXs also promote the principles of decentralization and censorship resistance, aligning with the ethos of cryptocurrencies. By leveraging blockchain technology, DEXs enable users to trade digital assets while maintaining ownership and control over their private keys.
Examples of popular DEXs include #Uniswap, #SushiSwap, and #PancakeSwap, each operating on different blockchain networks such as #Ethereum and #Binance Smart Chain.
What is Core Wallet ?
A #Core wallet refers to the original software wallet implementation of a cryptocurrency. It is typically developed and maintained by the core developers or the official team behind the #cryptocurrency. Core wallets provide users with full control over their funds and offer features such as creating new addresses, sending and receiving transactions, and participating in the cryptocurrency's network consensus.
Core #wallets often require users to download and synchronize the entire blockchain of the respective cryptocurrency, which can take time and require significant storage space on the user's device. They are considered to be more secure than other types of #wallets, such as web wallets or mobile wallets, as they do not rely on third-party services or online platforms.
Examples of core wallets include #Bitcoin Core, #Ethereum Core (Geth), and #Litecoin Core. These wallets are typically designed for advanced users who prefer to have direct control over their cryptocurrency holdings and actively participate in the network.
A #Core wallet refers to the original software wallet implementation of a cryptocurrency. It is typically developed and maintained by the core developers or the official team behind the #cryptocurrency. Core wallets provide users with full control over their funds and offer features such as creating new addresses, sending and receiving transactions, and participating in the cryptocurrency's network consensus.
Core #wallets often require users to download and synchronize the entire blockchain of the respective cryptocurrency, which can take time and require significant storage space on the user's device. They are considered to be more secure than other types of #wallets, such as web wallets or mobile wallets, as they do not rely on third-party services or online platforms.
Examples of core wallets include #Bitcoin Core, #Ethereum Core (Geth), and #Litecoin Core. These wallets are typically designed for advanced users who prefer to have direct control over their cryptocurrency holdings and actively participate in the network.
The Realized Price Line for #Ethereum has remained relatively stable between 1.5K to 1.6K from January to August 2023. This line signifies the average neutral price for Ethereum holders.
The Market Price Line, in contrast, displays more fluctuations. When it falls below the Realized Price, it quickly rebounds, hinting at the market viewing Ethereum as undervalued during such instances. This resilience may reflect a strong underlying confidence in Ethereum's value, suggesting it's worth more than recent transaction history implies.
For long-term investors, considering buying and holding Ethereum near the Realized Price Line could be a prudent strategy.
The Market Price Line, in contrast, displays more fluctuations. When it falls below the Realized Price, it quickly rebounds, hinting at the market viewing Ethereum as undervalued during such instances. This resilience may reflect a strong underlying confidence in Ethereum's value, suggesting it's worth more than recent transaction history implies.
For long-term investors, considering buying and holding Ethereum near the Realized Price Line could be a prudent strategy.
The market is currently showing a preference for lower-risk options, as indicated by the gradual rise in #Bitcoin dominance within futures markets. In the period of 2021-2022, #Ethereum futures markets observed a consistent growth in trading volume and open interest compared to #Bitcoin, reaching a peak split of 60% BTC and 40% #ETH in the latter half of 2022.
🟢 #Stablecoins have experienced a persistent decline in supply since April 2022, as redemption commenced following the collapse of LUNA-UST.
Both 🟠 #BTC and 🔵 #ETH experienced a net inflow of capital since the start of the year, seeing their Realized Cap's climb by up to $6.8B/month (#BTC) and $4.8B/month, respectively.
This Concludes, Stablecoins started losing value since April 2022 due to issues with #LUNA-#UST. #Bitcoin (#BTC) and #Ethereum (#ETH) gained more capital this year, but since late August, things have slowed down for all three. This might mean that the market is uncertain and not moving much."
Both 🟠 #BTC and 🔵 #ETH experienced a net inflow of capital since the start of the year, seeing their Realized Cap's climb by up to $6.8B/month (#BTC) and $4.8B/month, respectively.
This Concludes, Stablecoins started losing value since April 2022 due to issues with #LUNA-#UST. #Bitcoin (#BTC) and #Ethereum (#ETH) gained more capital this year, but since late August, things have slowed down for all three. This might mean that the market is uncertain and not moving much."
As the price of #Ethereum has entered a consolidation phase following a period of sharp declines, the funding rates have also turned negative. This indicates that futures traders have adopted a pessimistic outlook on #ETH, enhancing the possibility of a further price drop. However, it's worth noting that consistent negative funding rates can potentially trigger a cascade of short liquidations, which in turn could lead to a sudden price rebound.
#Ethereum Short-Term Holder sentiment indicator, as reported by Glassnode, has made a significant shift to optimism for the first time since Nov-2021.