Crypto Airdrops

#ETH creating some liquidity over the top and did the same as we predicted. Well, next anticipation would a rejection from the major resistance zone around $1685. Eyes on rejection and opportunities over there too.

#BTC making too messy price action as of now, Removing unnecessary stuff, currently, price rejecting off from the resistance line. Now, $26,000 is the new support zone so have an eye on breakout, where price drives.

What Is Arweave ?

Arweave is a new type of decentralized storage that allows users to store data permanently by leveraging novel technologies, such as blockweave, permaweb, and proof of access.

Blockweave and Proof of Access (PoA) sit at the core of the Arweave network.

Unlike blockchain which is typically used to build crypto projects, blockweave stores both transactional and data information. Another difference is in terms of how blocks on blockweave are connected to their previous blocks. In blockchain, each block refers to the previous one. On the other hand, a previous block in a blockweave is connected to the recall block (a randomly selected block).

Another component of Arweave is permaweb, which is a layer built on top of Arweave blockchain. Permaweb is where all the decentralized apps are stored, meaning it’s completely decentralized as well.

Arweave uses Proof of Access, an alternative to the standard blockchain consensus mechanism. Miners on Arweave don’t need to store all blocks that helps prevent extensive electricity consumption.
Arweave may seem to operate on a complex mechanism, but all of the complicated technicalities are on its back-end. Its front-end is what makes it an easy-to-use platform, which is intuitively designed keeping in mind the user. All it takes is an Arweave browser extension to store website pages on the network.

One key feature is its immutability when it comes to the data stored on the network. Immutability is found in every aspect as the applications are permanent. Even the creators can’t alter the rules – making Arweave an immutable decentralized web.
The future may seem bright for Arweave, but it’ll face some challenges pertaining to scalability.

As blockspace demand increases, miner revenues will be positively affected. Whilst the fee spike in May was historically large, it has since cooled off, and both total fees and their relative share of miner income remain relatively low.

Both metrics have lifted above their typical 'bear market' levels; total fees have increased by 216% from ~12 BTC/day to 38 BTC/day, and the the proportion of the miner income from fees has increased from 1% to 4%. Both are meaningful increases, however are still small in an absolute and historical context.

#XRP gave a breakout of the uptrend channel pattern and moved in tiny profits. Price is kinda ranging now, and a breakout will decide the next move of it. As of now, try to move stops at nearest swing High.

#Bitcoin attempt to break above the resistance area but looks like it failed to, as price again dipped below. Well, This thing might goes on and on like this, we any big fundamental kicks in volume.