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Futures July 2, Economies.com analysts latest view today: In intraday trading, gold prices have fallen, which is a natural corrective trend. EMA50 remains an important technical support level for price movements in the short term. This decline is an attempt to get rid of the obvious overbought conditions on the (Relative Strength Index) RSI, especially with the emergence of negative signals, which may help prices accumulate new bullish momentum and support prices to resume their upward trend. It should be noted that the price has previously broken out of the bearish correction channel. As long as the price remains above the above support level and does not fall below the nearest support level, this will maintain the validity of the bullish view, otherwise it may weaken the expected bullish scenario.Futures July 2, Economies.com analysts latest view today: WTI crude oil futures continue to fluctuate in a narrow sideways range between the 65.56 resistance level and the 63.70 support level, indicating that the market is in a state of confusion and wait-and-see, waiting for new momentum to push prices out of this range. In the short term, bearish correction waves dominate, and as negative pressure from trading below EMA50 continues, if prices fail to break through the upper resistance level, the possibility of a decline is strengthened.On July 2, CICC published a Hong Kong stock strategy report, stating that the macro environment of Hong Kong stock industry rotation is: "Fund abundance + asset shortage = index volatility + extreme structure". The reason why the market presents this index volatility, but the characteristics of active structural market are determined by the three macro environments of insufficient overall economic returns, structural bright spots, and abundant funds. For the market, the Hang Seng Index has been fluctuating in the range of 23,000 to 24,000 points given by the bank in the past month. The corresponding risk premium and the optimistic sentiment are already equivalent to the high point in early October last year, so further optimism also requires more catalysts. CICC suggests that investors can moderately reduce their positions in the short term, or switch to AI Internet, which is expected to have a stable dividend and has cooled significantly compared with the beginning of the year, and wait for subsequent opportunities. If there is a large fluctuation, it can intervene more actively and buy back high-quality assets at a lower cost, but the premise is to keep the "bullet".Futures July 2, Economies.com analysts latest view today: Brent crude oil futures prices fluctuated, affected by the stability of the key support level of $66.50. If the subsequent price continues to remain stable, it will provide bullish momentum. However, in the short term, the bearish correction wave dominates the market, but because it is trading below EMA50, coupled with the negative overlap signal on the RSI, the negative pressure continues.Data released by BYD Denza Auto showed that it sold 15,783 vehicles in June, a year-on-year increase of 28.6%.

Cardano’s Vasil Hard Fork Comes Tomorrow

Cory Russell

Sep 22, 2022 14:26

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Not only Ethereum (ETH-USD) is offering consumers a significant upgrade this month. Although it has received less attention, Cardano (ADA-USD) has been working on its own network update, which is a desirable new addition to the network. The Vasil hard fork will deliver what, though? Will it serve as an ADA cryptocurrency catalyst?


Like Ethereum, Cardano is a layer-1 dapp network. Even a co-founder of Ethereum created it. After leaving Ethereum in 2014, Charles Hoskinson went on to launch Cardano as a research-based rival.


The network ultimately made smart contract functionality available in late 2021, enabling programmers to construct Cardano-native dapps. At market capitalization, ADA has risen to the top 10 cryptocurrencies by this time. But now, it is the second-largest layer-1 project in the world, behind only ETH, thanks to a significant number of decentralized applications (dapps) and upgrades to enhance developer and user experiences.


And while though Cardano has a market valuation that is several times that of Ethereum, the Vasil hard fork should help it close the gap, if only somewhat.


When the hard fork was initially revealed, there was a lot of anticipation for its June 2022 rollout. However, Cardano's Vasil deployment had several delays, same as Ethereum did with the Merge. It was given a firm release date of September 22 earlier this month. Here is what investors might anticipate with only hours left before Ethereum's rival ups the ante.


Upgrades to Cardano's hard fork will improve network performance.


Blockchain detractors aren't afraid to point out Cardano's shortcomings. And don't misunderstand me; Cardano has its fair share of problems, especially for a network of its magnitude. Many people are eager to point out that the network uses accounting standards that are far older than those of its rivals. Even with its own smart contract platform, its smart contracts are not as reliable. But that may change with the impending Vasil hard fork.


A large portion of the changes are very technical in nature and do not significantly alter how Cardano is used by end users. They do, however, promise to be highly helpful for developers and should greatly increase transaction volume and speed.


Cardano uses the same technology as Bitcoin for user money accounts (BTC-USD). While it accomplishes the task, compared to rivals, it is a significantly less high-performance technique. The most significant improvement is in the "unspent transaction output" method (UTXO). The Vasil hard fork seeks to reduce the amount of computation required to validate certain data by adding extra inputs.


Similar goals are pursued by other network modifications, such as the simplification of user-to-user data sharing. "Diffusion pipelining" is a significant upcoming enhancement. The blockchain will be able to complete several transaction stages simultaneously thanks to this technology. This will boost Cardano's scalability and significantly speed up transaction processing.


However, those waiting for a significant ADA crypto catalyst could be let down. What to anticipate may be gleaned from how ETH has behaved since the Merge. Although many had anticipated that the update would lead to a price increase, the coin instead witnessed a $400 price decrease. Simply said, price patterns continue to be determined by macroeconomic factors. Cryptocurrency prices won't be rising any time soon since the Federal Reserve has threatened to keep raising interest rates.