🚀(FIRO/USDT analysis)The #6 suggestion for Ethereum POW alternative , for gpu miners , is Firo ,with an good potential to grow ;
🔹Rank #459,/ kind : coin POW \\ Market Cap:$34,567,818\\===> good
Max Supply: 21,400,000 ///11,483,918.70 FIRO 54% ====> good
🔰What Is Firo ?
Firo (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital cash. It created the Lelantus privacy protocol which allows users to burn their coins and redeem them later for brand new ones that do not have any transaction history.
📊Technical POV :
Since may 2021 , FIRO has been fluctuating in a descending channel until now , but as you can see it retested the white trendline for several times , so if be able to breakout this line and take over current yellow (pivot) zone it will continue to rise to higher trendline or resistance zone and so on ! but otherwise may be rejected and can fall on the lower support zones again !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
Gpumining
🚀(CFX/USDT analysis)The #5 suggestion and alternative for Ethereum POW, for gpu miners , is ,with an good potential for having
more growth ;
🔹Rank #178,/ kind : coin POW \\ Market Cap:$117,780,170
Total Supply: 5,278,164,274///2.09B CFX 40%====> good
🔰What is Conflux (CFX)?
Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability.
Sustainable Infrastructure for the global token-economy. Conflux enables creators, communities, and markets to connect across borders and protocols
📊Technical POV :
Since early Apr 22 , CFXUSDT has been declining underneath of a descending trend line up until now , It recently seems has a potential to jump , just if it be able to take over current green (pivot) zone so in this case it should also breakout the descending trend line to see the higher resistance zones , but may be rejected and retest the lower support zones as a a correction, according to my scenario .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
📌✅ETH Big deal (POW>>POS)! +( Mine-able Alternative coins🚀 )We are on the verge of a BIG Merge, There are almost 3 days left until this important event for Ethereum!
Ethereum is expected to transition to a proof-of-stake (PoS) mechanism and is considered one of the most significant upgrades in the history of the crypto market so far.
-The Ethereum Merge could force many crypto miners to give up! DO they abandon their expensive mining rigs amid a race to the bottom for profits. Or it forces them to think of migrating to the current alternatives of proof of work of Ethereum!
-If we visit the whattomine , we will see that some coins can be used as an alternative to Ethereum for mining.
But we have to accept the fact that alternative coins are no longer as efficient as Ethereum for mining!
-Although, considering their mine potential, most of them had a significant growth in the last few weeks
And it may continue for some time. But let's consider this point
"As GPU miners point their hardware at other chains their difficulty will increase causing lower returns and splitting the reward among more miners".
-thus increasing mining difficulty will "swamp" these coins — and substantially reducing profitability and price in the long term!
So although "There will always be GPUs mining some GPU optimized chains, but I doubt we will return to the levels of revenue seen in ETH proof-of-work at its peak ever again.
>>>But with the research I have done, I think the following coins can be suitable options to replace Ethereum mining, and if some of them have grown a lot recently, we will probably see some of them grow more in the short or medium term! these are Most Profitable Coins to Mine!
SO check them out :
-Neoxa(NEOX)
#1
#2https://www.tradingview.website/chart/ETCUSDT/HAQnQtvz-ETC-USDT-analysis/
#3
#4
#5
#6https://www.tradingview.website/chart/FIROUSDT/fWWrQhX5-FIRO-USDT-analysis/
This article is for informational proposes only . not a financial or legal advice !
Ethereum we have been here beforeThis idea is based on a crypto winter of approximately 12-months. There are all kinds of real possibilities and many depend upon a 4-year in the works upgrade to remove mining and replace it with proof of stake. Many are still invested in this software project and have steady diamond hands at the moment.
Assuming the winter is only a few more months is short-sighted. The US financial markets are in a long-term downward trend and do not look to be recovering until 4th quarter or 1st/2nd of 2023.
The crypto markets have a long way to fall from here, I don't see Bitcoin suffering as much of a flush but it will all be down until the longterm trend is bucked.
ZEC and XMR: Could they replace ETH, maybe BTC?This is just an idea, very speculative one at that...seeing the ample discounts in $ZEC and $XMR, I started thinking that maybe, fundamental risks and technical challenges in the $ETH roadmap, and the $BTC scaling war could benefit these two coins in particular.
I'm putting them both as a highly speculative long idea here, you could accumulate gradually over time and hold, or watch them carefully, specially once $BTCUSD tops at 6900 or up to $9750 this year, before starting a bear market that can last 2 years, possibly. An alternative is a tight stop long, risking this to be the bottom, but you shouldn't risk more than 1% on it. I'd risk even smaller if going long. Buying a 1-2% allocation on each wouldn't kill anyone.
What is the general concensus here? I'll be doing more research on this subject, I think we might be on to something.
A few positives and negatives:
Negatives first:
ZEC so anon that supply numbers could be fake?
The BCN code they used to fork $XMR off could be suspect, maybe there is a problem with ring signatures?
Inflation in ZEC?
Developers aren't anonymous, unlike Satoshi...
ZEC has institutional backing
Positives:
ZEC has ZK Snarks and finite supply of 21 million coins
Both are black market friendly/money laundering galore -for now?-
XMR community and development teams are solid.
ZEC development team is really solid.
ZEC has institutional backing
ETH killers, potentially both...POS is a big risk, unknown outcome.
BTC killers? Store of wealth could be fulfilled by ZEC easily, but inflation is a bit steep now. XMR, similar situation. Asic miners I think are a big problem in BTC, centralization risk when you can't compete freely on hashpower. Although this could change with new companies entering the space in Japan for example.
Dash sucks.
ETC sucks.
LTC sucks.
Feedback welcome,
Best of luck.
Ivan Labrie.
