Bitcoin Prepares for Fourth Mining-Reward Halving: What to Expect

Bitcoin, the pioneering cryptocurrency, is on the brink of its fourth mining-reward halving, set to occur in three days. This significant event, recurring every four years, is expected to exert considerable influence on the cryptocurrency market, with investors eagerly monitoring developments.

During a halving, the reward earned by miners for validating transactions on the Bitcoin network undergoes a halving itself. In this instance, the per-block emission of BTC will diminish from 6.25 BTC to 3.125 BTC. This reduction effectively slashes the influx of new supply into the market.

Historically, halvings have been followed by notable appreciations in BTC’s price. Nonetheless, the timing and extent of these surges have displayed notable variation.

Bitcoin Prepares for Fourth Mining-Reward Halving: What to Expect
Image via X

Goldman Sachs Advises Caution Ahead of Bitcoin Halving

In a recent disclosure reported by CoinDesk, investment banking titan Goldman Sachs has issued a word of caution to its clientele. While acknowledging the positive correlation between halvings and price escalations, Goldman underscores the necessity of considering the prevailing macroeconomic circumstances.

Bitcoin Prepares for Fourth Mining-Reward Halving: What to Expect
Image via X

Diverging from preceding halvings, today’s economic terrain is characterized by elevated inflation and interest rates. Globally, central banks have expanded their M2 money supply, with interest rates holding above zero. These circumstances are pivotal for history to echo itself, as they encourage risk-taking across financial markets, including cryptocurrencies.

Despite the impending halving, Bitcoin’s price has already experienced significant upswings this year. Inflows into U.S.-based spot exchange-traded funds (ETFs) have contributed to a remarkable 45% rally. These ETFs, green-lighted only three months ago, now manage almost $60 billion in assets.

Nevertheless, the present scenario deviates from prior cycles. U.S. interest rates stand beyond 5%, with market projections no longer factoring in rate reductions owing to persistent inflation and a resilient economy.

Certain analysts posit that a substantial portion of the customary post-halving surge has already transpired, potentially leaving room for a sell-the-fact downturn following the halving on April 20. Goldman Sachs perceives the halving as a “psychological reminder” of Bitcoin’s finite supply. The medium-term outlook pivots on the adoption of BTC ETFs.

In essence, while the halving garners attention, the broader supply-demand dynamics and ETF demand will persist as the principal drivers of Bitcoin’s price trajectory. Whether it materializes into a “buy the rumor, sell the news” scenario remains to be witnessed, yet investors are urged to remain cautious and factor in the macroeconomic backdrop.

When trading the crypto market, it doesn’t have to be “hit or miss.” Safeguard your portfolio with trades that actually yield results, just like our premium crypto signals on Telegram.

 

Interested in learning how to day trade crypto? Get all the information you need here

Understanding Layer 3 Blockchains: The Next Step in Scalability

Layer 3 protocols rise above Layer 2 like skyscrapers in a bustling metropolis, offering a panoramic view of enhanced scalability. They’re the playground for developers, where imagination meets innovation to sculpt personalized blockchains for every need. With Layer 3, the blockchain landscape becomes a canvas, inviting creators to paint their visions in vibrant, application-specific colors.

Traditional blockchains, like Bitcoin and Ethereum, struggle to handle a large volume of transactions. This can lead to slow transaction times and high fees. Layer 2 protocols were introduced to address these issues by processing transactions off-chain and then anchoring them back to the main blockchain for security.

But Layer 3 takes things a step further. Layer 3 blockchains are built on top of Layer 2 protocols and are designed for specific applications. This allows them to be highly customizable and address a wider range of challenges, including scalability, interoperability, and customization.

Understanding Layer 3 Blockchains: The Next Step in Scalability

Functions and Importance of Layer 3 Blockchains

Layer 3 is triggering innovation, unlocking new possibilities for the blockchain industry. Let’s explore its profound impact on elevating the ecosystem to new heights.

  1. Elevated Scalability: Layer 3s beats the previous limits as it provides unmatched scalability by significantly increasing transaction capacity. This enables networks to handle high volumes of transactions and introduce advanced applications.
  2. Empowering Complex dApps: Layer 3 fuels complex dApp development, enhancing the user experience and democratizing access to advanced features, thereby fostering innovation and inclusivity.
  3. Pioneering Blockchain Interoperability: Layer 3s act as vital bridges, linking different blockchain ecosystems to enable seamless data and transaction flow, enhancing decentralized network cohesion.
  4. Tailored Customization: With Layer 3s, customization reigns supreme. Developers shape tailored solutions, crafting specific protocols and governance mechanisms to bring their visions to life with precision.
  5. Exemplifying Arbitrum Orbit: Arbitrum Orbit offers boundless customization within Layer 3. Developers mold chains to their preferences, whether it’s choosing transaction fee tokens or designing native tokens, thereby showcasing unparalleled flexibility and innovation.
  6. Cost-Efficient Innovation: Layer 3 networks reduce congestion and lower fees by moving transactions off-chain. This cost-effectiveness opens up blockchain to everyone, promoting a diverse ecosystem of developers and users.
  7. Fostering Accessibility:
    Layer 3s makes blockchain universally accessible by streamlining deployment and adoption. For example, Arbitrum’s Layer 3 allows anyone to launch a network without complex approval processes, driving widespread adoption and innovation and advancing the blockchain revolution.

Layer 3 blockchain solutions mark a new era, blending scalability, customization, and accessibility to reshape decentralized ecosystems. Embracing their transformative power isn’t just an option; it’s vital for a decentralized future.

What Can Layer 3 Do?

Get ready to explore the awesome potential of Layer 3 blockchains! Imagine a future where:

  • Games Become Limitless: Forget laggy transactions and hefty fees. Layer 3 empowers developers to build high-speed, scalable games that can handle millions of players and microtransactions seamlessly. Imagine intricate in-game economies without friction, creating a truly immersive experience.
  • DeFi Gets a Turbocharge: Layer 3 unlocks a new level of customization for DeFi applications. Developers can tailor privacy settings, functionalities, and even fees to perfectly suit their platform’s needs. With blazing-fast transaction speeds and interoperability, DeFi will become truly frictionless, allowing users to trade and manage assets across different blockchains with ease.

These are just a few glimpses into the exciting potential of Layer 3. Stay tuned for further examples of how this technology is shaping the future of blockchain applications!

Understanding Layer 3 Blockchains: The Next Step in Scalability

Some Examples of Layer 3 Blockchains:

Orbs

This Layer 3 blockchain acts as a “decentralized cloud,” letting developers write smart contracts without server headaches. It works seamlessly with popular chains like Ethereum and Avalanche, offering a high-speed alternative for building next-gen dApps.

Arbitrum Orbit:

This 2023 innovation lets developers build their own custom blockchains on top of Arbitrum’s Nitro for even faster speeds and lower fees. Imagine having a blockchain tailored just for your dApp’s needs—that’s the power of Orbit.

zkSync Hyperchains

Born from the innovative minds of the zkSync team, zkSync Hyperchains emerge as Layer 3 powerhouses, leveraging Layer 2 settlements. Fueled by the formidable zkEVM engine from the ZK Stack, they ensure continuity and security across ZKP circuits, regardless of origin. One notable advantage is the enhanced communication speed and interoperability among Layer 3s settling on the same Layer 2, fostering seamless ecosystem interaction.

In Conclusion

By uniting the strengths of Layer 1 and 2, Layer 3 blockchains pave the way for a future where blockchains can handle massive transactions without sacrificing security. It’s not about replacing the existing layers, but building a powerful, collaborative system. Buckle up, because Layer 3 is about to revolutionize how we interact with blockchain technology.

Trade crypto coins on BYBIT!

The Ondo Market (ONDO/USD) Stalls at $0.84: Balanced Demand and Supply Signal Period of Stability

In the analysis conducted on the Ondo market yesterday, it was observed that the market is endeavoring to surpass the $1.00 price threshold. However, the significance of this price level has sparked bearish sentiments. Consequently, recent market developments indicate the potential formation of a consolidation phase. Nevertheless, drawing a definitive conclusion regarding the imminent onset of this phase is challenging due to the prevailing high volatility levels.

The Ondo Market Data

  • ONDO/USD Price Now: $0.8471
  • ONDO/USD Market Cap: $1.2 billion
  • ONDO/USD Circulating Supply: 1.4 billion
  • ONDO/USD Total Supply: 10 billion
  • ONDO/USD CoinMarketCap Ranking: #73

https://cryptosignals.org/blockchain/the-ondo-market-ondo-usd-makes-a-splash-as-it-presses-to-cross-the-1-00-price-threshold/

Key Levels

  • Resistance: $1.00, $1.50, and $2.00.
  • Support: $0.80, $0.75, and $0.70.

The Ondo Market Through the Lens of Indicators

The current candlestick, depicting today’s trading activities in the Ondo market, exhibits a small body accompanied by long upper and lower shadows, characteristic of a spinning top candlestick pattern. This pattern suggests heightened volatility, with significant price fluctuations reflecting dynamic shifts in supply and demand throughout the day. Notably, the presence of both bullish and bearish forces indicates a standoff, resulting in a market stalemate. Consequently, the market is currently experiencing sideways movement, indicating a consolidation phase accompanied by elevated volatility levels.

Given the prevailing conditions of this crypto signal, predicting the market’s next directional movement proves challenging, particularly as today’s candlestick hovers around the 20-day moving average. However, sustaining a position above the 20-day moving average could signal a reluctance to reverse, potentially paving the way for an upward breakout beyond the $1.00 price level.

https://cryptosignals.org/blockchain/the-ondo-market-ondo-usd-makes-a-splash-as-it-presses-to-cross-the-1-00-price-threshold/

Ondo Price Prediction: 4-Hour Chart Analysis

From the analysis of the 4-hour chart, volatility seems subdued, with a marginal advantage held by the bulls as they have managed to sustain prices slightly above the 20-day moving average. However, it is noteworthy that the bulls have yet to decisively surpass the resistance posed by the bears, as evidenced by the Relative Strength Index (RSI) hovering near the 50 level. This suggests that the market remains in a state of equilibrium, with neither bulls nor bears exhibiting significant dominance. This equilibrium phase may persist for some time, given that momentum appears to be waning for both sides, as observed on this timeframe chart.

Trade crypto coins on BYBIT!

Litecoin (LTC/USD) Price Has Dumped, Aiming to End Corrections

Litecoin Price Prediction – April 17

There has been a considerable recouping process in the market valuation of the LTC/USD, just as the situation currently shows that the price has dumped, aiming to end corrections above the support of $70.

Although the forces supporting the resumption of rises have not yet been optimally aligned to generate strong, positive moves that buyers can use to leverage longing position orders immediately, it would be prudent to start making modest recoveries ahead of the market’s steady ascent.

LTC/USD Market
Key Levels:
Resistance levels: $90, $100, $110
Support levels: $70, $65, $60

LTC/USD – Daily Chart
The LTC/USD daily chart reveals that the crypto-economic price has dumped, aiming to end corrections, possibly in the near future.

The stochastic oscillators have been veering into the oversold area, indicating that there has been some market pressure to sell, which has led to a decrease in the value of the former trading instrument. The trend lines of the Bollinger Bands have visibly extended to the south side. Candlesticks are currently forming around the lower end, indicating that efforts are being made to regain solid support so that the market can rise once more.
Litecoin (LTC/USD) Price Has Dumped, Aiming to End Corrections

Which direction will the next dramatic moves in the LTC/USD market likely take?

As there have been several touches of the point around the lower Bollinger Band, it appears that there might still be room for lower lows before the price can get back to a rebound, given that the LTC/USD trade has dumped, aiming to end corrections in the near future.

Currently, it is important to pay attention to the stochastic oscillators’ speed in the oversold area, which indicates that the price is unlikely to make consistent declines. Should that assumption prove accurate, long-position pushers must now deliberately focus their efforts on identifying quality entrances.

If, at any given point in time, a fake pull-up surfaces around the line of the lower Bollinger Band, bears may have to go for more profiteering conditions with a high principle of exerting a protective position order against heir entries.
Litecoin (LTC/USD) Price Has Dumped, Aiming to End Corrections
LTC/BTC Price Analysis
In contrast, Litecoin’s price has dumped against the pushing ability of Bitcoin, aiming to end corrections possibly in the near future.

In order to show that a debasement process is coming to a conclusion, the stochastic oscillators have been moving elegantly in the oversold area. The pairing market has a large range of areas to push within the Bollinger Band trend lines. At present, it is anticipated that the base crypto economy will regain positions on the lower Bollinger Band axis.

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results


You can purchase Lucky Block here. Buy LBLOCK

Dogecoin (DOGE/USD) Price Hovers at $0.15, Building a Baseline

Dogecoin Price Prediction – April 17

There has been a slow-stepping down force in the operations of Dogecoin trade versus the valuation of the US Dollar, given that the price hovers around the point of $0.15, building a baseline.

It is likely that in an effort to allow bulls to speculate about reasonable entry strategies, there might be some misleading price actions featured against the $0.15 value line. As of the time of writing, it is anticipated that the lower Bollinger Band trend line would be used to determine when stable steps will resume.

DOGE/USD Market
Key Levels:
Resistance levels: $0.18, $0.22, $0.26
Support levels: $0.12, $0.10, $0.08

DOGE/USD – Daily Chart
The DOGE/USD daily shows that the crypto-economic market hovers around the point of $0.15, building a baseline.

The Bollinger Band trend lines are positioned at higher points, denoting that points around $0.15 and a close beneath the resistance of $0.20 are going to serve as the major spot lines in the process of witnessing different ups and downs. The stochastic oscillators indicate that advances to the south have been occurring at a slower speed because they are in an oversold area.
Dogecoin (DOGE/USD) Price Hovers at $0.15, Building a Baseline

What is likely to be the market forces direction in the near time as the SOGE/USD market hovers around $0.15?

If a consolidation movement has to feature in the activities of Dogecoin against the US Dollar around the point of $0.15, bears may push in the long run further as low as around the point of $0.10, given that the market currently hovers around the point, seemingly building a baseline.

As it has been demonstrated that a series of touches has been happening around the lower trend line of the Bollinger Bands, technically, speaking, it is highly expected of rising forces to ace back their stances. Long-position placers are to start making a comeback.

Since it would make sense to build up momentum from the value line once more in order to be able to preserve the path of corrections in proper shapes, bears may have another better opportunity to recover around the $0.20 mark.
Dogecoin (DOGE/USD) Price Hovers at $0.15, Building a Baseline
DOGE/BTC Price Analysis
In contrast, the Dogecoin market currently hovers against the valuation Bitcoin around the lower Bollinger Band, building a baseline.

The Bollinger Band trend lines are positioned around higher spots, showcasing that the counter crypto has a long way to go if the trend has to be changed against an upward mode. Presently, the stochastic oscillators are in the oversold region, signaling that a pause to getting more decreases seems to play out for some. Therefore, the base cryptocurrency will eventually regain the momentum to rebound if a strong bullish candlestick appears at any point in the future.

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


You can purchase Lucky Block here. Buy LBLOCK

Cardano Holds above $0.42 after Dipping into the Oversold Region

Cardano (ADA) Price Long-Term Forecast: Bearish
Cardano (ADA) has fallen to a low of $0.40 after dipping into the oversold region. The cryptocurrency asset has fallen and surpassed its predicted price of $0.42. Cardano previously rallied to a high of $0.80 before being rejected. Buyers were unable to sustain the positive momentum above the $0.80 high. On the downside, Cardano has slipped into the market’s oversold area.

On April 13, 2024, the ADA price dipped to a low of $0.40 but recovered above the $0.42 support. For the past five days, the altcoin has fluctuated above the current support but below the moving average lines, which represent resistance at $0.60. The rising trend is expected to continue if the present support level holds.

Should buyers maintain the price above $0.60, the altcoin will continue to rise. The ADA price is $0.45 at the time of writing.

Cardano Holds above $0.42 after Dipping into the Oversold Region
ADA/USD – Daily Chart

 

Technical Indicators:
Major supply zones: $1.0, $1.05, $1.10
Major demand zones: $0.25, $0.20, $0.15

Cardano (ADA) Indicator Analysis
The price bars remain below the moving average lines, but the negative momentum has subsided. On April 13, the lengthy candlestick tail confirmed strong buying pressure near the $0.40 support. The 21-day SMA restrains the price’s upward movement.

What Is the Next Move for Cardano (ADA)?
Cardano has reached its historical price of December 3, 2023 after dipping into the oversold region. The altcoin has dropped to a low of $0.40. However, ADA costs range from $0.42 to $0.60. Nonetheless, the appearance of Doji candlesticks has kept the price movement stationary. The crypto signal is range-bound, as the altcoin consolidates above its present support.

Cardano Holds above $0.42 after Dipping into the Oversold Region
ADA/USD – 4 – Hour Chart


You can purchase Lucky Block here. Buy LBLOCK


Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Dash 2 Trade Price Predictions for Today, April 17: D2TUSD Price Turning Positive Soon

Dash 2 Trade Price Forecast: D2TUSD Price Turning Positive Soon (April 17)
The Dash 2 Trade (D2TUSD) price is turning positive soon. Having completed the selling pressure, the coin price is likely to turn positive and move up from the support waves. Therefore, if the bulls could change their orientation and wrestle the trend line with the bears at the $0.00398 low level, the coin price will turn positive to hit the $0.00510 buyers’ accumulated zone which might further extend to a $0.01000 upper high level, leading to a higher potential for the buy traders.

Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00300, $0.00200, $0.00100

D2T (USD) Long-term Trend: Bullish (4H Chart)
The D2TUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart below. The price par is slightly above the EMA-9. This is an indication of an uptrend.
Dash 2 Trade Price Predictions for Today, April 17: D2TUSD Price Turning Positive Soon
The bullish reversal at the $0.00399 high value in the previous action has sustained the crypto above the trend line lately.

The price drop to the $0.00398 support level slightly above the EMA-9, is as a result of low bullish momentum. Hence, traders who buy at this level will also make gains in the future.

With the overall market trend still bullish, the Dash 2 Trade price is likely to turn positive and plunge higher to retest the high accumulation zone of the $0.00510 level which could stop further bearish moves.

Similarly, should the bulls exchange hands with the sell traders at the $0.00398 low value and close above the $0.00510 resistance value, the coin price might increase further to a $0.01000 upper resistance level which could lead to additional gains for the buy investors in its medium-term outlook.

D2T (USD) Medium-term Trend: Bullish (1H Chart)
Despite the activities of the bears, the D2TUSD price remains in an uptrend. The coin price is above the EMA-9, indicating an uptrend.
Dash 2 Trade Price Predictions for Today, April 17: D2TUSD Price Turning Positive Soon
The high influence of the bulls on the crypto at the $0.00399 high value in the past session has helped the coin market price to stay above the supply level lately.

Sellers’ inflow dropped the price of Dash 2 Trade down to a low at $0.00398 above the moving average of 50, shortly after the 1-hourly chart opens today. Staying above the supply level will give the bulls the tendency to turn the coin price positive soon. Thus, traders can buy the coin at cheaper rates at this moment to have more gains ahead.

Further, the coin might turn positive and jump towards the $0.00401 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.

In addition, we have a bullish bias that the coin price will resume an uptrend as the market is oversold already. If the buying pressure should increase, there may be a potential rise in the Dash 2 Trade price and this might hit the $0.01000 high trend line in the coming days in its medium-term outlook.

Two-factor authentication (2FA), our newest feature, will increase the security of your Dash 2 Trade account!

 

Want a coin that has a huge potential for massive returns? That coin is Dash 2 Trade. Buy D2T now.

Ethereum Struggles above $3,000 as It Retests Existing Support

Ethereum Price Long-Term Analysis: Bearish
Ethereum’s (ETH) price has fallen further below the moving average lines as it retests existing support. On April 13, 2024, Ether fell to a low of $2,848 and began a range-bound move above the present support. The bulls and bears are currently battling Ether’s slide above the $2,800 support level. On April 13, bears drove the cryptocurrency above the $2,800 low.

On April 14, bulls purchased the dips and pushed Ether above the $3,000 support. Nonetheless, Ether is currently valued at $3,069.40. Ether will fall to a low of $2,700 if the current support is breached and the bearish momentum continues. However, if the bulls clear the resistance at $3,700, Ether will resume its upward trajectory. ETH/USD will then revert to its earlier high of $4,000.

Ethereum Struggles above $3,000 as It Retests Existing Support
ETH/USD – Daily Chart

Technical indicators:
Major Resistance Levels – $3, 600, $3,800, $4,000
Major Support Levels – $2.600, $2, 400, $2,200

Ethereum Indicator Analysis
Ether is declining, forcing the price bars to fall below the moving average lines. The altcoin is likely to continue its downward trend. The 21- and 50-day SMAs are sloping downward, indicating a decline. Nonetheless, Ether exhibits a bearish crossover, with the 21-day SMA crossing below the 50-day SMA on both charts. It means that the cryptocurrency will continue to drop.

Conclusion
Ethereum has fallen below the $3,000 support level as it retests existing support. Meanwhile, the altcoin is trading at prices ranging from $2,800 to $3,300. On the downside, bears are retesting the existing support level of $3,000 in an attempt to plunge Ether. The crypto signal will be negative if the bears are successful.

Ethereum Struggles above $3,000 as It Retests Existing Support
ETH/USD – 4-Hour Chart


You can purchase Lucky Block here. Buy LBLOCK

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

$SPONGE (SPONGE/USD) Faces a Make-or-Break Point at $0.000045

A recent drop to $0.00003 triggered a fightback from SPONGE bulls, but resistance lurks at $0.000045. This level has become a battleground since April 14th, with neither side gaining dominance. This same struggle was noted in the SPONGE/USD market analysis yesterday, and since then, not much has changed as bulls continue to navigate the possibility of a potential bounce around this level.

Key Market Dynamics:

  • Resistance Levels: $0.0010, $0.0011, and $0.0012.
  • Support Levels: $0.000035, $0.000030, and $0.000025.

$SPONGE (SPONGE/USD) Faces a Make-or-Break Point at $0.000045

Delving into Technical Analysis for $SPONGE (SPONGE/USD):

Based on the indicators, the SPONGE/USD market seems to remain in a phase of consolidation, lacking a discernible trend direction. The RSI hovering around 48 suggests a balanced market condition, indicative of minimal buying or selling pressure presently. Nevertheless, it’s noteworthy that the Bollinger Bands indicate a diminishing volatility level. Such a crypto signal as this often precedes a potential shift in market momentum towards a clearer direction.

$SPONGE (SPONGE/USD) Faces a Make-or-Break Point at $0.000045

Insights from the 1-Hour Perspective:

The recent price fluctuations between $0.000030 and $0.000045 are apparent in the wide Bollinger Bands on the 1-hour chart. However, a promising sign is the contraction of the bands, suggesting a potential breakout. Reclaiming $0.000045 is pivotal for bulls to reignite their momentum and push towards $0.000050.

Buy SPONGE/USD!

Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!