With another Bitcoin halving written in the history books, investors have grown overwhelmingly optimistic about what the future of crypto has to offer. And, different altcoins, including Chainlink, appear to be on the cusp of a major bullish breakout.
Transaction fees on Bitcoin have increased by close to 250% since the network’s third block reward halving on May 11. If this is the start of a sustained fee market, the positive impact on the network’s security outweighs the negatives for users.
After last week’s halving, miners took their S9 ASICs offline as Bitcoin revenues dropped. Now, S9s are making a resurgence as BTC prices rise, showing that miners have confidence in sustained prices above $9,000.
Bitcoin sentiment is at its highest on record since 2017 following the halving. Positive sentiment is spilling over into Ethereum, XRP, and Litecoin as indicators show that these altcoins are ready for a bullish breakout.
Steem, a popular blockchain and social blogging platform, will undergo a hard fork on Wednesday to shut down accounts that object to TRON’s leadership, seizing about $5 million in STEEM in the process.
BitMEX’s infamous unscheduled maintenance is back, and the exchange faces additional obstacles in the form of a lawsuit. With competitors creeping up on the exchange’s market share, it can no longer afford to inconvenience customers.
One of the so-called “Ethereum killers,” Cardano, has been posting significant gains over the past week. Still, the market appears quiet on ADA, indicating that the altcoin is poised for further advance.
A Quiet Move UpAccording to data from Santiment, Cardano has been “quietly creeping up” as one of the top-performing altcoins over the last few days.
Ocean Protocol’s hackathon has brought together a so-called trifecta of technologies to combat the spread of coronavirus. Launched in April, projects using blockchain technology, artificial intelligence, and the Internet of Things (IoT) are now coming to fruition.
For the first time in history, on-chain blockchain data gives investors a glimpse of who is on the other side of a trade. A look at these three particular on-chain metrics can help Bitcoin traders enter and exit profitable trades.
Unlike stocks and bonds, Bitcoin records transactions to a public ledger. A public ledger is a record-keeping system that tracks everyone who has made a transaction on the network, disclosing wallet balances and transaction histories.
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