Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Trading

Indicators

Explainers

Moving average convergence divergence (MACD) is one of the most popular trading indicators, but how do you use it? Find out in this article.

Are you looking to master the art of technical analysis with a powerful yet easy-to-understand indicator? Look no further than the Moving Average Convergence Divergence (MACD) indicator, also known as the “macd indicador”! This versatile tool can help traders identify new trends, potential buy/sell signals, and bullish or bearish divergences with ease. Join us as we unravel the secrets of MACD and its practical applications in the world of trading, using the macd indicador as a key component of your strategy.

Using the 12 and 26-period exponential moving averages, the MACD indicator - a trend-following momentum oscillator, assists traders in identifying new trends and potential buy/sell signals. By assessing the relationship between these moving averages, MACD offers valuable insights into the strength, direction, and momentum of market trends for various financial assets.

Fundamentally, the MACD is composed of three key elements: the MACD line, the signal line, and the histogram. These components work together to provide a comprehensive understanding of market movements, allowing traders to make informed decisions based on the indicator’s signals.

, the MACD indicator was created in the late 1970s to help traders detect new trends and potential buy/sell signals in financial markets. MACD stands for Moving Average Convergence Divergence, and it’s a trend-following momentum oscillator that utilizes 12 and 26-period exponential moving averages (EMAs) to recognize new trends and potential buy/sell opportunities, making it an essential tool for understanding average convergence divergence MACD in trading strategies.

The MACD line identifies momentum and trend-following entries, aiding traders to stay in trades longer by evaluating the relationship between the 12-day EMA and the 26-day EMA. This, in turn, can lead to more profitable trading opportunities and a better understanding of the market’s direction.

Gerald Appel developed the MACD indicator in the late 1970s as a simple yet effective tool for technical analysis. His goal was to gain insight into stock prices with the aim of uncovering information regarding the stock’s momentum, strength, and direction.

Upon its introduction, the MACD indicator was favorably received by the trading community and has since become one of the most renowned and frequently used trading indicators. Beyond the MACD, Gerald Appel has made notable analytical contributions and authored books on technical analysis, cementing his legacy in the world of trading.

As previously noted, three components make up the MACD: the MACD line, the signal line, and the histogram. Together, they help traders gauge trend direction and strength, enabling them to make informed decisions based on the signals generated by these components.

To maximize the benefits of the MACD indicator, it’s essential to comprehend the role of each component and their interaction. In the following sections, we will delve deeper into each component and their significance in the world of trading.

As a technical indicator, the MACD line illustrates the difference between two moving average lines. It is calculated by subtracting the 

 from the 12-period EMA. This line serves as the main component of the MACD indicator and reflects the relationship between the two EMAs, helping traders assess the direction of the trend and generate buy and sell signals.

When using the MACD indicator, the following interpretations can be made:

The signal line, derived from a 9-period EMA of the MACD line, prompts buy and sell decisions and aids in identifying MACD turns. Plotted on top of the MACD line, it is essential for identifying potential trend reversals and trading opportunities.

When the MACD line crosses above the signal line, it is considered a bullish signal, suggesting a potential buy opportunity. Conversely, when the MACD line crosses below the signal line, it is considered a 

 signal, suggesting a potential sell opportunity. By understanding the role of the signal line and its relationship with the MACD line, traders can make better-informed trading decisions.

The histogram serves to exhibit the difference between the MACD line and the signal line, it provides a visual representation of the two lines. It is a graphical representation that helps traders recognize possible trend reversals and authenticate the direction of the trend.

A positive value on the histogram implies an upward trend, while a negative value implies a downward trend. By examining the histogram, traders can gain insights into the strength and direction of the trend, allowing them to make more informed decisions regarding their trades.

MACD signals can provide valuable insights for traders through the interpretation of signal line crossovers, zero line crossovers, and divergence. These signals can help traders identify potential buy or sell opportunities, gauge market momentum, and assess the overall strength of a trend.

In the following sections, we will explore each type of signal in greater detail, discussing how they can be utilized to enhance trading strategies and make more informed decisions.

In technical analysis, the MACD line and the signal line play a significant role. When they cross over each other, it is known as a signal line crossover, or when the MACD line crosses the signal line, it’s referred to as “macd crosses.” This could be indicative of potential buy or sell signals. A bullish signal line crossover occurs when the MACD line traverses above the signal line, suggesting a possible uptrend. Conversely, a bearish crossover transpires when the MACD line crosses below the signal line, signaling a potential downtrend.

It is important to approach signal line crossovers with caution, particularly when they occur at positive or negative extremes. By understanding the implications of these crossovers and incorporating them into a comprehensive trading strategy, traders can more confidently act on the signals generated by the MACD indicator.

 happen when the MACD line crosses above or below the zero line, suggesting a change in market trend. When the MACD line crosses above the zero line, it is perceived as a bullish signal, suggesting upward momentum. Conversely, when the MACD line crosses below the zero line, it is perceived as a bearish signal, implying downward momentum.

By understanding the implications of zero line crossovers and incorporating them into a well-rounded trading strategy, traders can better anticipate market trends and make more informed decisions regarding their trades.

Divergence occurs when the price and the MACD indicator move in opposite directions, potentially signaling trend reversals or sizable rallies/declines. Bullish divergence happens when the price makes a lower low, but the MACD line forms a higher low than the preceding low, indicating a potential price rally. Conversely, bearish divergence occurs when the price makes a higher high, but the MACD line makes a lower high, indicating a potential price decline. By understanding bullish divergences, traders can better predict potential price rallies and make informed decisions.

By recognizing divergence and its implications, traders can better anticipate market reversals and make more informed decisions regarding their trades. It is important to note, however, that divergence does not always successfully forecast all reversals.

The accuracy and reliability of trading signals can be enhanced by combining the MACD with other indicators like RSI and Stochastic. By utilizing multiple indicators, traders can gain a more comprehensive view of market conditions and make more judicious trading decisions.

In the following sections, we will discuss how MACD can be combined with RSI and Stochastic, two popular momentum indicators, to further enhance trading strategies and improve overall market analysis.

 together can help identify trends and the strength of an asset’s price movement. The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the speed and magnitude of a security’s recent price movements. By employing the RSI to detect overbought and oversold conditions and the MACD to confirm the trend direction, traders can reduce trading losses and take positions in the direction of a well-established trend.

By combining MACD and RSI, traders can corroborate each other’s signals and detect possible trading opportunities; por lo tanto, this leads to more informed and profitable trading decisions.

MACD and Stochastic can be used to confirm trend direction and potential entry/exit points. The Stochastic indicator is used to identify overbought and oversold conditions in the market, while MACD is utilized to identify the trend and momentum of a security. By combining these two indicators, traders can gain a more comprehensive outlook of the market and make more informed trading decisions.

Utilizing MACD and Stochastic together can help traders in the following ways:

Setting Up and Customizing MACD on Your Chart

To set up MACD on your chart, one typically uses the default settings of 12, 26, and 9 for the fast, slow, and signal EMAs respectively. These settings can be customized depending on the trader’s preferences and the specific market conditions they are analyzing.

 4, provide tools for setting up and customizing the MACD indicator on a chart. By adjusting the settings and understanding the components of the MACD indicator, traders can optimize their trading strategies and make more informed decisions based on the signals generated by the indicator.

Traders can learn how to use the indicator effectively and avoid common mistakes through practical examples of MACD in trading. For instance, a trader might use the MACD indicator in conjunction with other technical analysis tools, such as support and resistance levels or candlestick patterns, to identify high-probability trade setups.

By examining real-life examples of MACD signals and how they interact with other market indicators, traders can gain a deeper understanding of the indicator’s strengths and limitations. This, in turn, can help traders make better-informed decisions and minimize the risks associated with relying solely on the MACD indicator for trading signals.

Common Mistakes and Misconceptions about MACD

Gaining an understanding of the limitations and misconceptions about MACD can assist traders to make informed decisions and refrain from relying solely on the indicator for trading signals. Some common mistakes include:

By addressing these common misconceptions and recognizing the limitations of the MACD indicator, traders can:

The MACD indicator is a powerful and versatile tool that can greatly enhance a trader’s ability to identify trends, potential buy/sell signals, and bullish or bearish divergences. By understanding the components of the MACD, interpreting its signals, and combining it with other technical analysis tools, traders can make more informed decisions and capitalize on profitable trading opportunities. So, don’t hesitate to incorporate the MACD indicator into your trading arsenal and reap the benefits it has to offer.

The MACD indicator is considered bullish when the MACD line crosses from below to above the signal line and bearish when it crosses from above to below. A stronger signal is given when the MACD line is further below the zero line.

The best indicator for MACD is the 'Golden Cross', which is a bullish signal that typically occurs following a price dip with high-volume selling.

MACD is a momentum indicator, developed by technical analyst Gerald Appel, which follows trends and belongs to the oscillator family of technical indicators. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price through analyzing the relationship between two exponential moving averages (EMAs).

The MACD line is calculated by subtracting the 26-period Exponential Moving Average from the 12-period Exponential Moving Average.

What is the difference between a signal line crossover and a zero line crossover in the MACD indicator?

A signal line crossover in the MACD indicator occurs when the MACD line crosses the signal line, while a zero line crossover occurs when the MACD line crosses the zero line, indicating a change in market trend.

What is a MACD Indicator? (How to Use it in Crypto Trading)

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