Foundry Launches Compliance-First Zcash Pool, Capturing One-Third of Network Hashrate
- Rapid Market Share Growth: Foundry's newly launched Zcash pool has quickly captured approximately 30% of the network's hashrate, demonstrating its strong appeal in the compliance and privacy coin sectors, which may attract more institutional investors into this market.
- Compliance Advantage: Designed for institutional and public miners, the pool adheres to U.S. compliance standards, including KYC verification, aiming to provide a secure mining environment for privacy-focused assets, thereby enhancing Zcash's positioning as a compliant privacy coin.
- Technical Support and Transparency: Foundry's Zcash pool offers 24/7 technical support, transparent payout calculations, and reporting tools, ensuring miners receive clear information and assistance, which further boosts miner trust and willingness to participate.
- Centralization Risks: While Foundry's pool brings institutional capital and hashpower to Zcash, its rapid centralization raises concerns about the network's decentralization, potentially impacting Zcash's long-term development and market competitiveness.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO). As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ONDO 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, ONDO 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 $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.208 | 0.225 | 0.241 | 0.257 | 0.273 | 0.29 | 0.306 |
| Fibonacci | 0.225 | 0.237 | 0.245 | 0.257 | 0.27 | 0.277 | 0.29 |
About ONDO
About the author
