Foundry Digital Launches Zcash Mining Pool, Captures 30% Hash Power
- Rapid Pool Adoption: Foundry Digital's newly launched Zcash mining pool has captured nearly 30% of the total Zcash network hash power in a remarkably short time, demonstrating its strong appeal among institutional miners and solidifying its leadership in the cryptocurrency mining sector.
- Blockchain Explorer Launch: The introduction of the Zcashinfo.com platform provides users with real-time pool rankings, total hashrate distribution, block data, and mining difficulty, enhancing user monitoring capabilities regarding the health of the Zcash network and improving transparency and user experience.
- Technical Distinctions and Reward Mechanism: Zcash generates a block every 75 seconds, significantly faster than Bitcoin's 10-minute interval, while both maintain a fixed supply cap of 21 million coins; Foundry's pool employs a “pay-per-last-N-shares” (PPLNS) system to ensure transparent payments to miners based on their recent contributions.
- Focus on Institutional Miners: The pool primarily targets institutional miners compliant with regulatory requirements, distinguishing itself from networks that are more open to retail miners, reflecting Foundry's emphasis on compliance and market positioning aimed at attracting large corporate clients to mining.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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