Binance Pool launches fractal BTC mining starting Nov. 18

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 18 2024

SATS+4.49%

FB-2.16%

BTC+4.62%

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New Mining Feature on Binance: Binance has launched a merged mining feature for Fractal Bitcoin on its Pool, allowing users to mine BTC and earn rewards in Fractal Bitcoin starting November 18, although the FB token will not be listed on the exchange soon.
Requirements and Monitoring: Users need appropriate mining equipment and must set up a Binance mining pool account to participate. They can monitor their mining performance and earnings through the platform, with a minimum payout threshold of 0.1 Fractal Bitcoin.

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Technical Analysis for SATS

Technical Sentiment Analysis for SATS (Ordinals) (SATS). As of , SATS (Ordinals) (SATS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SATS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SATS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

SATS (Ordinals) (SATS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-	0.00000000445	0.00000000811	0.0000000117	0.0000000153	0.0000000189	0.0000000225
Fibonacci	0.00000000445	0.0000000072	0.0000000089	0.0000000117	0.0000000144	0.0000000161	0.0000000189

About SATS

SATS (Ordinals) emerges as a fascinating player in the cryptocurrency landscape, intricately linked to Bitcoin. Each SATS represents the smallest unit of Bitcoin, equivalent to 0.00000001 BTC, highlighting its foundational connection to the pioneering cryptocurrency. This relationship underscores its significance in the broader blockchain ecosystem.Diving into its technical aspects, SATS operates on the Ordinals protocol, a unique layer that allows for the inscription of data directly onto the Bitcoin blockchain. This capability enhances the utility of SATS, enabling it to support a variety of applications beyond simple transactions. The Ordinals protocol facilitates the creation of digital artifacts, offering a new dimension to blockchain technology.The supply dynamics of SATS are noteworthy, with a maximum supply of 2.1 quadrillion coins. This vast supply is designed to accommodate the microtransaction needs of a global user base, ensuring accessibility and scalability. The trading landscape for SATS is vibrant, with availability on exchanges like MEXC, Bitget, and BitMart, reflecting its growing adoption.SATS is also part of the BRC20 token standard, a framework that allows for the creation and management of tokens on the Bitcoin blockchain. This inclusion positions SATS alongside other notable tokens, enhancing its visibility and integration within the crypto community.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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