📊Base surpasses Ethereum !
📊Base surpasses Ethereum !
Welcome to the Daily Tribune Tuesday, September 10, 2024 ☕️
Hello Cointribe! 🚀
Today is Tuesday, September 10, 2024, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn’t have missed !
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
📈 Trump Re-elected: Bitcoin at $90,000 ?
Bitcoin could climb to $90,000 by the end of 2024 if Donald Trump is re-elected president of the United States, according to analysis from Bernstein. Trump’s return to the White House could boost investor confidence thanks to his liberal economic policies and his less strict approach to financial regulations, facilitating increased adoption of cryptocurrencies. Conversely, a victory for Kamala Harris could keep BTC in a more moderate range of $30,000 to $40,000 due to a more cautious approach towards cryptos. Factors influencing these forecasts include U.S. monetary policy, the FED's decisions, and the growing institutional adoption of Bitcoin, which could play a determining role in price evolution. 🔗Read the full article here.
🚨 SpyAgent empties your wallets
SpyAgent, a sophisticated malware discovered by McAfee, targets cryptocurrency users through over 280 Android applications disguised as trusted services. This malware tracks wallet seed phrases by exploring images and screenshots stored on devices, allowing hackers to empty funds without alerting the user. The fake links and applications used to propagate SpyAgent mimic legitimate institutions through sophisticated phishing campaigns, redirecting victims to pages imitating official sites. In addition to stealing cryptocurrencies, SpyAgent steals sensitive information and uses the device contacts to propagate further attacks, increasing the number of victims. In the face of this growing threat, it is essential not to store sensitive information on connected devices and to enhance security with appropriate protection software. 🔗 Read the full article here.
🚀 Base surpasses Ethereum
Coinbase's Layer 2 blockchain, named Base, has recently surpassed Ethereum in daily transaction volume, marking a turning point in the crypto ecosystem. Launched in August 2023 in partnership with Optimism, Base quickly climbed the ranks due to the implementation of the EIP-4844 protocol, which significantly reduced transaction fees. With over 4.2 million transactions per day, Base has established itself as a leader in scaling solutions, surpassing competitors like Arbitrum and Optimism. The platform has also attracted giants like Coca-Cola and Atari, as well as numerous DeFi and NFT projects, creating a dynamic and expanding ecosystem. With a TVL increase of 465% in three months, reaching $7.41 billion, and the imminent launch of Coinbase's smart wallet, Base seems well-positioned to redefine industry standards in the blockchain space. 🔗 Read the full article here.
🚀 126,210 new ETH wallets in 24H: An imminent rally?
On September 8, 2024, Ethereum recorded a record 126,210 new wallets created in just 24 hours, an impressive figure for a Sunday, typically calm in the crypto world. This peak in activity, the highest in the last four months, could indicate a renewed interest in the Ethereum network and its decentralized applications. An increase in adoption and the number of active wallets on the blockchain is often a sign of network health and can foreshadow an increase in transactions and the use of dApps. Historically, such moves on the network have often preceded price rebounds for ETH, and analysts remain attentive to these indicators to anticipate potential rallies in the market. If this trend continues, Ethereum could see its value appreciate in the coming weeks.🔗 Read the full article here.
Crypto of the day: Fantom (FTM)
Fantom stands out for its fast and scalable blockchain architecture, using the Lachesis consensus mechanism to provide fast and low-cost transactions. Its added value lies in its ability to deploy decentralized applications (dApps) and smart contracts with much greater efficiency than traditional blockchains.
The native crypto, FTM, is primarily used to secure the network through staking, pay transaction fees, and govern the protocol. Initially distributed through ICO and various community initiatives, FTM offers attractive staking rewards, encouraging holders to actively participate in securing the network and earning passive returns.
Recent performance
Current price: $0.4842
Percentage increase/decrease: +9.98% (over 1 day)
Market capitalization: $1,361,517,367
Rank on CoinMarketCap: #51
Bitcoin records an 8% decline at the beginning of September: Technical analysis for September 10, 2024
Bitcoin recorded an 8% decline at the beginning of September, continuing its bearish trend that began in August. After reaching a peak of $65,000, BTC dropped to $52,600, triggering renewed buyer interest around $54,000 – $55,000. Currently, Bitcoin is trading around $57,000, but the short-term trend remains bearish. BTC is trading below its 50-day and 200-day moving averages, and technical indicators show persistent selling pressure despite a slight rebound. Critical support levels to watch are $53,600 and lower levels at $52,600 and $49,200, while potential resistances are found at $58,500 and $60,000.
Derivatives analysis shows a resurgence of speculative interest, with open interest in BTC perpetual contracts rising and notable selling liquidations exceeding $21 million after breaking above $55,000. These movements indicate a partial capitulation of sellers, but pressure remains, with negative funding rates. The liquidation zones to watch are between $59,000 and $67,000, which could heighten volatility if BTC approaches these levels. The overall situation remains fragile, and it is important to monitor price developments to validate or adjust current forecasts.
🔗 Read the complete analysis here.
