Monat: Dezember 2022

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Shiba Inu nears a demand zone as the SHIB army guesses Shibarium in “countdown”

  • Shiba Inu recovered 1.21% on Monday after a bearish move

  • The developers teased a “countdown,” as some fans speculate the Shibarium update

  • SHIB could touch the June lows next

Shiba Inu (SHIB/USD) gained 1.21% on Monday to trade at $0.0000087. The token is slightly recovering from a bottom price of $0.0000080 over the weekend. This is an important zone for SHIB, or rather, the cryptocurrency could touch a demand zone that was crucial to bulls in the past.

A historical price movement of SHIB shows that $0.0000072 is a potential demand zone for SHIB. At the height of a bear market earlier this year, SHIB settled at this zone in June before embarking on a strong recovery. The gains took SHIB to a high of $0.0000179 in August before another bear cycle followed. Amid the intraday gains, this is the next level to watch for SHIB.

Meanwhile, the Shiba Inu community is guessing about the Shibarium beta test. This was after a weekend tweet teased users with a “special countdown.” The countdown was still running down at 7 hours and 48 minutes as of press time. It is unclear what this countdown is all about, but users started to speculate on the Shibarium update. Others quashed it as a distraction to unimportant partnerships and hire.

As the “countdown” unfolds, Shiba Inu fans will keep their hands crossed that something important will pop up. Probably, this could coincide with reports that SHIB is alongside BTC and ETH, the most watched cryptocurrencies on Binance. But technical indicators show a potential further slump.

SHIB recovers slightly from an oversold level near the June lows

SHIB/USD Chart by TradingView

On the daily chart, SHIB is on a slight upside after touching a level slightly above the June lows of $0.0000072. The trend is still bearish, and a potential decline to June’s bottom could be on the card. The RSI reading is still below the midpoint, signalling a bear control.

When will SHIB become bullish?

The $0.0000072 could attract buyers again if bulls fail to capitalise on the current SHIB price recovery. This is the level to watch for bullish reversal signals.

Where to buy SHIB

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy SHIB with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy SHIB with OKX today

The post Shiba Inu nears a demand zone as the SHIB army guesses Shibarium in “countdown” appeared first on CoinJournal.

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Tezos activates the 12th upgrade “Lima”

  • The Lima upgrade is the 12th upgrade on the Tezos protocol.
  • Tezos is referred to as the “self-amending blockchain” for its ability to seamlessly upgrade using its on-chain governance.
  • Lima upgrade reduces the risk of bugs in smart contracts among other benefits.

Tezos, one of the original Proof-of-Stake (PoS) blockchains, has activated its 12th upgrade, the Lima upgrade, which was voted upon and approved by the Tezos community. The new upgrade which introduces several new features also reduces the risk of bugs in smart contracts.

Lima marks the fourth protocol upgrade in 2022 and the 12th upgrade since the Tezos protocol was unveiled. Tezos is known for its ability to seamlessly upgrade through its on-chain governances which allows the protocol participants to propose and vote on upgrades and changes that they believe are important for the protocol.

Key improvements introduced by Lima upgrade

The Lima upgrade introduces several key improvements to Tezos functionality including faster processing speeds, the introduction of consensus keys, and improvements to tickets.

The Lima upgrade continues with the ‘Pipelining validation project’ that speeds up the processing of blocks and operations on Tezos by separating validation processes from application processes. A new block on Tezos is first validated before being forwarded to other peers; a feature that speeds up block propagation on the network and reduces the block time to 15 seconds and increases the overall throughput for the blockchain.

The consensus keys will allow validators (known as bakers in Tezos) to designate a special key for signing blocks and consensus operations. This feature prevents backers from losing delegators due to a change in setup or the need to coordinate with delegators off-chain to move them to a new address.

Tickets are a type of data unique to Tezos smart contracts and a great foundation for the scalable solutions that have allowed for many use cases including tokenization, authentication, and voting among others. Lima upgrade in particular deprecates the creation, storage and transfer of zero-amount tickets thus reducing the risk of bugs in smart contracts.

In addition to the improvements to the current Layer 1 Tezos solutions, the Lima upgrade also finalizes the development work towards Smart Rollups, which is an innovative Layer 2 scaling solution that is expected to debut in the subsequent Tezos upgrade proposal.

The post Tezos activates the 12th upgrade “Lima” appeared first on CoinJournal.