Draws the structure, I could try and take a long position here, but there is liquidity below that has not been fully taken, when I get to it I will look at a long position on futures and take a spot position.
Of course, from the structure and in fact, we remember about RM.👌
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$FLOW - a tasty price to buy, I expect the coin to update its current maximum! From the side of the wave theory, we are in the ABC correction phase, we are finishing the formation of the last wave C, from around the current marks we expect a reversal and the beginning of a new five-wave, especially since locally we have the formation of a triangle, a pattern that often triggers an impulse. There is strong support at $0.740-$0.693 and the volume level is slightly lower, where you can place a limit buy for peace of mind. We also have a downward channel, within which a correction has developed, I expect its breakdown and full completion, consolidation above the $1 level will serve as a strong bullish signal. The minimum target is the 1st resistance zone at $1,010-0,948, then I am considering movement to the 2nd resistance at $1,354-1,256. The final goal will be a local maximum - $1,700 🚀
The New ERC-404 Token? Explain It to Me Like I’m a Five Year-Old
The New ERC-404 Token Standard Launches Read CoinChapter.com on Google News
YEREVAN (CoinChapter.com) — The ERC-404 token standard is one of the latest innovations in the blockchain space, allowing users to own a portion of an NFT. It represents a unique blend of ERC-20 and ERC-721 technology, used to create nonfungible tokens (NFTs), enabling the fractional ownership of digital collectibles.
When ownership falls below a complete NFT value, represented in tokens, the user holds merely a fractional token instead. However, after accumulating sufficient fractions to constitute a whole NFT, the user will again get an NFT in their collection. However, there is no guarantee of getting the same NFT back and it may be a different one from the original.
The idea, although new, has already caught the interest of investors, with some tokens registering significant gains. The PANDORA token, for example, which became the first ERC-404 token, recently reached an all-time high of $32,800.
PANDORA price chart. Source: CoinStats
Other ERC-404 tokens that have become popular and surged in price include 404BLOCKS, ANON, EthereRock404, and DEFROGS, among others.
ERC-404? I Still Don’t Get It
Essentially, ERC-404 is the ultimate rule book for a very special kind of toy box in the Ethereum (ETH) blockchain’s digital playground. This isn’t your average toy box; it’s designed to hold digital toys, which we call NFTs. However, the most unique feature of the ERC-404 standard is shared ownership. Instead of only you having ownership of a particular toy, you and your friends can each own a stake in one toy. This makes the game, the space, fun for everyone and also helps reduce the cost of the NFT for each person.
The magic of ERC-404 is that it helps everyone know which digital toys in the game belong to whom. This ensures that you can share and play with them in many different games without any mix-ups.
Investors believe the ERC-404 standard will be a gamechanger for NFTs
You can even allow your friends to play with your toy. With ERC-404, it’s like you’re saying, “You can play with my toy in your game, but it still stays in my toy box and is mine at the end of the day.”
Here is another way of looking at it. Imagine you have an old toy that you no longer want. Imagine taking it to the park and allowing other kids to buy part ownership in it. This helps you raise money for a new toy, while also sharing the toy with others in the meantime.
For those just getting to know NFTs, this feature is particularly good for business, selling real estate, and even conducting fundraising activities. Love gaming? The ERC-404 standard will help partially own in-game items and features, making the entire experience more inclusive. The new ERC-404 token’s technology will undoubtedly prove valuable for a myriad of industries and use cases.
To make sure there are no fights in the sandbox, the ERC-404 token still exists on the blockchain to ensure the entire ownership process is smooth, seamless and secure.
The post The New ERC-404 Token? Explain it to Me Like I’m a Five Year-Old appeared first on CoinChapter.
We must immediately make a reservation that this is an 18+ idea, that is, for mature and understanding traders. Any purchase must be immediately regarded as 0 on the balance sheet.🔥#Write2Earn Web3 directions of leading centralized exchanges, and therefore their audience, are actively joining the topic of instructions. OKX has been supporting various protocols for a long time and adding new ones, and recently Binance decided to connect. We looked at what instructions are and how they work using the Bitcoin network as an example. Briefly: instructions are some digital artifacts that are stored on-chain. The first was an experimental cue ball token - ORDI, which was minted in March 2023 and traded narrowly for more than six months after listing on GATE and before the start of trading on Binance. There is no point in counting X's, because the cost during the mint was equal to the transaction fee on the network.👆 We experimented in other networks. Therefore, our trading idea is to find the first instructions in live networks and assemble a portfolio from them. More risk can be added if you participate in the mint of new ones. But more on that some other time. Alternatives to BRC-20 on the Bitcoin network: 🟢ATOM (not to be confused with Cosmos) is the first of the ARC-20.Capa $152 million. Trading on atomicalmarket and unisat.🟢NAT - the first non-arbitrage token created according to the theory of digital matter based on the Tap Protocol in the Bitcoin network. Capa $65 million. Trading on ordinalswallet.🟢PIPE - the first in the Pipe Protocol. Capa $33 million. Trading on satsx.🟢COOK - the first in the Runealpha Protocol, built on the basis of the Rune Protocol from Casey Rodarmore. The Casey Protocol will be launched after the cue ball halving.Cap $28 million.Trading on runealpha.🟢STAMP - the first SRC-20 in the Stamp Protocol.Cap $51 million.Trading on stampscan.Other networks:🟢DOGI - the first of the DRC-20 on the network Dogechain.Cap $40 million.Trading on GATE, doggy.market, drc-20 org.🟢STXS - the first STX-20 based on Stacks, which are working on the second layer of the cue ball.Cap $2.5 million.Trading on stx20.🟢SOLS - first SPL-20 in the Solana network. Capa $41 million. Trading on GATE, Magic Eden and Tensor.🟢AVAS - first ASC-20 in the Avalanche network. Capa $2.9 million. Trading on avascriptions.🟢SYNC - first ZRC-20 in zkSync network. Cap 700k$. Trading on zksmarket.🔵 Tokens of different protocols in the Bitcoin network are attracting the greatest interest. In addition to those listed above, TON, CELESTIA, ARBITRUM, BELLS and other networks also have their own instructions. And the first-born are not always the most interesting, so now there will be something to study on the weekend.❗️ It is important that almost none of the tokens have any utility. And there is very little liquidity in the markets. In this regard, they are similar to memtokens, units of which are fired and survive.😌 But this is something new on the market. And new things always attract the attention of retail, which means they will attract liquidity. This is a bet on the growth of the ecosystem of a particular network.
In the rapidly evolving landscape of decentralized applications (dApps), developers often grapple with a pivotal decision: whether to prioritize building systems for mainstream adoption with app custody or opt for systems that emphasize openness and permissionless self-custodial wallets. This dilemma reflects the ongoing tension between user-friendly, centralized approaches and the foundational principles of decentralization.
On one hand, the appeal of creating applications with app custody lies in the potential for mainstream adoption. This approach simplifies the user experience by centralizing control and custody within the application. It often aligns with traditional user expectations, making it more accessible to those less familiar with the intricacies of decentralized technologies. However, this convenience comes at the cost of compromising some of the core tenets of decentralization, such as user autonomy and control over their assets.
Conversely, the option to build for openness and permissionless self-custodial wallets adheres more closely to the principles of decentralization. This approach empowers users with greater control over their assets, fostering a trustless environment where individuals manage their private keys and transactions directly. While this aligns with the ethos of the crypto community, it may present usability challenges for mainstream users who are accustomed to centralized systems.
Navigating this dichotomy requires developers to carefully weigh the trade-offs and consider the specific goals of their projects. Striking a balance between mainstream accessibility and decentralization remains a key challenge, and the industry's evolution will likely be shaped by innovative solutions that address this fundamental choice in the future of decentralized applications. #FlowBlockchain #flow #Write2Earn #FLOW/USDT #FLOWUSDT $FLOW
If you are looking for great opportunity look no further because Flow is the one, here is why.
Flow is one of the top 100 coins with a lot of potentials, the coin has experience a lot of down trend with a slow movement, but it’s temporary, at the time of writing this post the coin is still trading around the demand zone, at the same time, the price is trading very close to a breakout line, if the bulls manage to reverse the trend from Bearish to bullish, we might see a bull run similar to Solana bull trend. All time high of FLOW is over 40 dollars, meaning it’s possible for Flow to test 20 dollars and above. $FLOW #TrendingTopic #BTC #ai #Blur #FLOW
🧠FLOW has been consolidating in this falling wedge pattern for over a year now. I expect heavy volume once it breaks out. Remember, we will wait for price confirmation to break above the wedge resistance line. Once FLOW breaks below the support level, the signal will be invalidated.
➡️Spot trades can use DCA with a stop loss below $1.5 targeting the September 2022 high. This results in a trade with huge upside potential and a very good risk reward of 17.56💰
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Hello. friends. I would like to remind you about a project that is one of the best in my opinion in the near future. It's an ecosystem 🤑flow. I will not tell you for a long time about the tokenomics of this project, you can read it yourself. Let's take a look at a few factors that are understandable to the average person. 1. Many of you have heard about such projects as NBA Top Shot, NFL All Day, UFC Strike. These are top projects not only for blockchain #FLOW but also for the entire cryptospa