Tokenomics refers to the study of the economic models behind the issuance, distribution, and utility of tokens in blockchain ecosystems. A well-designed tokenomics model can significantly contribute to the success and sustainability of a blockchain project. This post will explore the different components of tokenomics, how they influence a project’s…
Cardano (ADA) has faced significant challenges in surpassing the key resistance at the 20-day moving average (MA), even though Bitcoin has experienced a recent rebound. After a recovery from the $2 support level (the 0.618 Fibonacci retracement), ADA briefly surged above the 20-day MA, reaching up to $2.36, which corresponds…
Blockchain interoperability has become one of the most important topics in the cryptocurrency and decentralized finance (DeFi) space. As blockchain networks continue to grow in number and complexity, the need for them to communicate and share information with one another becomes ever more critical. Polkadot and Cosmos are two of…
Cardano (ADA) faced a temporary setback during yesterday’s market downturn, briefly falling below $2, but quickly found its footing as buyers stepped in to maintain support at this crucial price point. Despite experiencing a 10% decrease over the last week, the $2 mark has become an important support level, with…
In recent years, the concept of Decentralized Identity (DID) has gained significant traction as a crucial element of the Web 3.0 and blockchain evolution. Traditional identity management systems are often centralized, relying on organizations or governments to verify and control personal data. With the rise of decentralized systems, the idea…
Ethereum experienced a significant pullback after failing to break above the key resistance at $3350, which is highlighted by the .618 Fibonacci retracement. This level capped Ethereum’s bullish momentum last week. After testing the resistance for the second time, Ethereum lost more than $170 in under 24 hours, breaking below…
XRP has gained considerable traction this week, climbing by 12.5%, as it successfully broke through a bullish flag pattern and surpassed the 2020 highs. This marks an important step in the ongoing price recovery, as XRP continues to show strong bullish potential. Last week, XRP experienced a retracement from the…
Tokenization, the process of converting ownership of real-world assets into blockchain-based tokens, has been gaining momentum as a transformative concept in the financial sector. While the focus has been primarily on cryptocurrencies and decentralized finance (DeFi), tokenizing traditional assets such as real estate, commodities, and even intellectual property is paving…
Proof of History (PoH) is a unique consensus mechanism developed by the Solana blockchain that enhances scalability and transaction throughput by using a verifiable delay function (VDF) to create a historical record of events in the blockchain. Unlike traditional consensus mechanisms like Proof of Work (PoW) or Proof of Stake…
Bitcoin is down by a modest 1.5% today, struggling to maintain support around the $33,000 level. Throughout the first half of July, Bitcoin has been trading within a tight range between $36,000 and $32,000, signaling a potential upcoming breakout in either direction. Volume has remained notably low in July, particularly…
Proof of Work (PoW) is one of the foundational consensus mechanisms that underpins the security and functionality of blockchain networks. It plays a critical role in ensuring that transactions are validated and added to a blockchain in a decentralized manner. This post will explore the mechanics of PoW, how it…
XRP experienced a 9% surge today, moving toward the $0.70 mark. Against Bitcoin, XRP is working to reclaim the 2000 SAT level as it begins to break above a descending trend line that has been in place since June. XRP found solid support at $0.56, a level that corresponds to…