Signals crypto

The Short-Term Holder (STH) supply is currently at 3.36 million BTC. During the recent market correction, over 2.14 million BTC (63.2%) were in an unrealized loss. However, as the market rallies back above $70k, this has decreased to just 230k BTC (6.8% of the total).

Despite many coins being close to the current spot price, very few are now in an unrealized loss. This significantly reduces the risk of a market downturn due to heavy selling pressure. The market appears more stable with fewer coins at a loss.

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What Are Liquid Staking Tokens (LSTs)?

Liquid Staking Tokens (LSTs) are a type of cryptocurrency token that represents staked assets on a blockchain network, especially in Proof-of-Stake (PoS) systems. In PoS systems, users lock up their tokens as collateral to support network operations and earn rewards. However, traditional staking often involves a lock-up period, during which the staked tokens cannot be easily accessed or traded. LSTs aim to solve this problem by providing users with tokenized representations of their staked assets, offering liquidity and flexibility while still participating in staking.

How Do LSTs Work?

When users stake their assets in a PoS network, they receive an equivalent amount of Liquid Staking Tokens (LSTs) in return. These LSTs represent the staked assets and allow users to trade, transfer, or utilize them in various decentralized finance (DeFi) applications. While the original assets remain staked, LST holders can still benefit from liquidity and flexibility, enabling them to engage in other investment opportunities or access their funds when needed.

The Benefits of LSTs: Enhancing Liquidity and Flexibility

LSTs offer several advantages to cryptocurrency holders:

Increased Liquidity: By tokenizing staked assets, LSTs provide liquidity to otherwise illiquid tokens, allowing users to trade or utilize them in DeFi protocols.

Flexibility: LST holders can easily buy, sell, or transfer their tokens without waiting for lengthy unbonding periods typical of traditional staking mechanisms.

Capital Efficiency: Users can maximize the utility of their staked assets by simultaneously earning staking rewards and engaging in other investment activities.

Diversification: LSTs enable users to diversify their investment strategies by staking on one platform while utilizing LSTs in other DeFi protocols.

In summary, Liquid Staking Tokens (LSTs) enhance the traditional staking experience by providing liquidity, flexibility, and greater capital efficiency, thus offering users more opportunities to engage with their staked assets.

ADA analysis:

The price is currently trading within a narrow range and is showing respect for the support and resistance levels. You can consider trading within this range and consider buying some ADA if it falls to the support level. We may experience some sideways movement before the next significant price move.

Support Area: $0.42-$0.433

Resistance Area: $0.51-$0.52

Bitcoin is consolidating near the resistance area with a triangle pattern forming on lower time frames, suggesting more sideways movement. The support and resistance levels remain unchanged.

💥Exciting news, dear members! In response to Massive demand from our community, we're thrilled to announce that our next 50X-100X Mega Pump Signal will be hosted at MEXC. Get ready to ride the wave of opportunity with us💥

Date: 2-June-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
Advantage: Free For All

The approval of the ETH ETF marks a significant bullish signal for altcoins. Furthermore, the rejection of BTC dominance from the major resistance zone provides strong bullish momentum for altcoins. Our previous MEXC Mega pump signal #JET (+10600%) was a tremendous success, and this upcoming move has the potential to make history after a considerable time.

Get ready for the biggest event in our group's history! we are targeting 50X-100X gains. This one is set to outshine all our past successes in terms of percentage gain as More than 1Million active participants are ready to take advantage of this Mega event! Our team is continuously scanning all promising coins available in the market and we've got some absolute gems💎 which are absolutely ready to make waves in the market which you had never witnessed till now🚀🚀

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As the price approaches the end of the distribution phase, we see that about 15.9% of the coin supply is just below the current price, creating a strong support level.

On the flip side, only 1.1% of the coins are above the current price. This means if demand keeps increasing, we could see the price rise quickly as we enter a new phase of price discovery.

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What Are Validiums?

Validiums are scaling solutions for Ethereum that use off-chain data availability and computation to process transactions more efficiently. Unlike zero-knowledge rollups (zk-rollups), which store some data on-chain, validiums keep transactions off-chain while using zero-knowledge proofs (ZKP) to verify their validity.

How Do Validiums Work?

Validiums operate by executing transactions off the Ethereum mainnet, leveraging smart contracts on Ethereum to ensure their validity and integrity. Let’s walk through some of the key aspects of validiums.

Transactions

When a user wants to make a transaction using a validium, they send it to an operator. Operators are nodes responsible for executing transactions on the validium chain. They could be a single entity or a group of entities chosen through a proof-of-stake (PoS) system.

The operator collects transactions into a batch and processes them off-chain. Once the batch is ready, the operator uses a special system called a proving circuit to create a proof that the transactions were performed correctly.

State commitments

Imagine Validium’s state (the record of all accounts and their balances) as a big tree, known as a Merkle tree. The root of this tree, called the state root, is like a fingerprint that represents the entire state. This state root is stored on Ethereum.

When the operator processes transactions, they update the state root to reflect the new balances and account states. Then, they send this new state root along with the proof that everything was done correctly to the Ethereum mainnet.

Unlike zk-rollups, block producers on a validium don’t need to publish all the transaction details on Ethereum. If Ethereum verifies the proof, the new state is accepted, and the validium is updated.

Deposits and withdrawals

Users can deposit their funds from Ethereum to a validium by sending ETH or other tokens to a special contract on Ethereum. The contract communicates this deposit to the validium off-chain and credits the user’s off-chain account.

When withdrawing funds back to Ethereum, users submit a withdrawal request to the operator. The operator includes the request in a batch, and once the batch is verified on Ethereum, users can withdraw their funds.

Bitcoin is now trying to reclaim above the $70,000 area. Let's see if the price can break this level or not. We may see a move on Monday when the US markets open.

MicroStrategy CEO Michael Saylor announced that MicroStrategy now holds nearly 1.1 million BTC, rivaling the amount held by Bitcoin founder Satoshi Nakamoto.

Countdown Alert! Less than 20 minutes until $TWIF Launches on MEXC!🔥🚀

MEXC buy link:

ETH has cooled off after the big breakout candle. The price is currently holding the support area, and the wick below the support indicates stop hunting and a liquidity grab. We might see some accumulation at the support area before the next upward movement.

Less than 4hours left untill $TWIF 💎 launching on MEXC⏳

$TWIF is heavily undervalued and we’ve seen a lot of accumulation from whales in last 2-3days. Jump in now as we’re expecting massive pump from $TWIF upon MEXC listing today🚀✌️

🥞 Buy on PancakeSwap:

🦄 Buy on Uniswap:

Bitcoin has rebounded from the $67,000 support level and is now testing the resistance area. Let's see if the price can break the key level of $70,000. Overall, the market is looking bullish, and we expect upward movement.

$TWIF is about to take off with a listing on #MEXC tomorrow at 13:00UTC! 🗓️

If you missed our initial 500% call for $TWIF, Now’s your chance to get in early as it can easily make 10X-20X rally upon MEXC listing tomorrow🚀

This is just the beginning for #Tomwifhat as per their official tweet $TWIF is set to launch on Tier1 CEX soon🚀

Buy on PancakeSwap & Uniswap:

Educational Post

What Is Binance Megadrop?

Binance Megadrop is a token launch platform that combines elements of Binance Simple Earn and the Binance Web3 Wallet to create an innovative airdrop experience. The platform is designed to provide users with early access to new token projects and a variety of ways to earn rewards. With Binance Megadrop, users can subscribe to fixed-term products, complete Web3 quests, and receive token rewards proportional to their accumulated scores.

Key Features of Binance Megadrop

1. Early access to token projects

One of the main features of Binance Megadrop is giving users early access to selected Web3 projects before their official listing on the Binance exchange. This allows users to get involved in promising projects at an early stage, potentially benefiting from future growth and development.

2. Integration with Binance Simple Earn

Binance Megadrop is closely integrated with Binance Simple Earn, a feature that allows users to earn rewards by locking their BNB in fixed-term products. By subscribing to these locked products, users accumulate points that determine their reward allocation in the Megadrop program. The longer the lock period and the more BNB locked, the higher the score and potential rewards.

3. Engagement through Web3 quests

Another significant aspect of Binance Megadrop is the inclusion of Web3 quests. These quests are designed to engage users and encourage them to learn more about the blockchain ecosystem. By completing tasks within their Binance Web3 Wallet, users can boost their scores and earn additional rewards.

Currently, the rate at which new capital is flowing into the Bitcoin network has slowed down considerably from its peak as the market digests the recently distributed supply.

The altcoin market cap (TOTAL2) has broken the downtrend line with a big candle. The approval of the Ethereum ETF is the reason for this, and we may see more money flowing into ETH when the spot ETF trading starts. This is good for altcoins and we may see an altseason soon.

Bitcoin was unable to hold the $69,000 level and the price dropped to the support area. Currently, BTC is testing the $67,000 level and it needs to hold this level; otherwise, we may see a continuation of the downtrend. The next support area is between $64,500 and $65,200, and the resistance area is between $69,000 and $70,000.

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JUST IN: 🇺🇸 SEC approves spot Ethereum ETFs.🚀