Dogecoin
On Monday, he toured on Monday when the community behind Qubic, who recently attacked Monero, voted to attack the Dogecoin Network on ZCash and Kaspa by a great margin.
At the time of writing this article, Dege quoted more than 22 cents, which represents a 4% decrease around 24 hours, according to Coendesk data. The cryptocurrency marked a golden groad crossover last week, but the bullish pattern could not inspire a bullish impulse.
The early hours of Monday, the Blockchain project centered on AI, Qubic, announced the intention of the community to aim to Dogecoin in X, stating: “There are ongoing discussions about $ dux and preparation will take time.”
He added that “questions are being asked about Blockchain’s resilience and we can have tools to address them.”
Sergey Vivancheglo, the founder of the QUCIC Network, sought a community vote on which the specific integrated circuit of the application (ASIC)-Ssarable work test (Pow) Blockchain must be directed with a 51%attack. From a list that included Kaspa and Zash, the community voted overwhelmingly for Doge.
“The Qubic community has chosen Dogecoin,” Vivancheglo announced, in X through its Beymond management.
Qubic recently launched a successful 51% attack against Monero, gaining majority control over the computer power used to ensure the privacy network.
Doge leads CVD decline
Delta of cumulative volume adjusted to open interest of Doge Futures Delta (CVD) The indicator has fallen almost 1% in the last 24 hours, the largest among the 25 main cryptocurrencies for market value, according to the veil data source.
CVD, or cumulative volume delta, is a technical indicator that measures the net purchase or sale pressure in a market for a specific period. It is a total of the difference between buying and selling volume.
A negative ECV indicates that the sale pressure is more substantial than the purchase pressure. This means that a greater number of market participants are selling a particular asset to buy it. It is often seen as a bearish signal, which suggests that the price is likely to decrease or continue its decline.
Most cryptocurrencies, including BTC and ETH, have a similar bearish profile. Meanwhile, Link is the only Token, with a positive ECV.
BTC falls below $ 116k
Bitcoin
The leading criptomoned by market value, fell almost to $ 115,000 on Monday morning, extending the decrease from the maximum record of Thursday of more than $ 124,000.
The decrease follows inflation of prices of the American producer more hot than expected on Friday, which weakened the case of a 50 -point Fed rate cut in September. That said, the Central Bank is expected to reduce the cost of indebtedness in 25 basic points.
“Given the persistent uncertainty around the key economic indicators, the Federal Reserve has maintained a cautious posture about interest rates cuts. The recent price index of the United States producer (PPI) For July it does not make it easier, “said institutional coinbase analysts in a weekly report.
“However, we see this as an opportunity. We believe that the Eventual Fed approach in the broader economic image, including the labor market, will finally lead to 25 BPS rates cuts in September and October,” analysts added.
Some observers expect the president of the FED, Jerome Powell, to feel the foundations for the September movement during this speech in the Jackson Hole symposium at the end of this week.
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