Category Archives: Ethereum
Ethereum Cancun Upgrade: ETH price to Reach $3000 soon? – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News
Ethereum, the worlds second-largest cryptocurrency by market capitalization, is preparing for a significant upgrade known as Cancun-Deneb (Dencun). This upgrade is expected to enhance the scalability, security, and usability of the Ethereum network. With these improvements on the horizon, many are speculating whether this could be the catalyst that propels Ethereums price to the $3,000 mark.Lets take a look a this Ethereum Cancun upgrade.
The Cancun upgrade follows the recent activation of Shanghai, another significant upgrade to Ethereums execution layer. The Cancun fork includes the highly anticipated Ethereum Improvement Proposal (EIP) 4844, also known as Proto-Danksharding. This feature is a milestone that lays the groundwork for full Danksharding implementation, which is expected to significantly enhance the networks scalability.
Ethereum core developer Pter Szilgyi has emphasized the importance of Proto-Danksharding, stating that it should be the primary focus of the upgrade. Proto-Danksharding will act as an intermediate upgrade to help scale rollups on the network, a crucial step towards improving Ethereums scalability and transaction speed.
The Ethereum Cancun upgrade may also include several other Ethereum Improvement Proposals (EIPs), such as EIPs 4758, 6046, 6190, which involve the removal of the SELFDESTRUCT function, and EIP-663, which allows for unlimited SWAP and DUP instructions. Other potential features include EIP-5920, the PAY opcode, and EIP-1153, which introduces transient storage.
Danksharding is the third and final part of the ETH2/Serenity upgrade, following the successful rollout of the Beacon chain and The Merge. This new sharding architecture will replace the projects initially proposed idea of introducing 64 shard chains. Instead of increasing the number of transactions, Danksharding focuses on increasing data availability for rollups, a Layer 2 technology that bundles together blockchain transactions and processes them off-chain.
Proto-Danksharding, proposed by Ethereum developers Protolambda and Dankrad Feist, is an interim upgrade to the Ethereum network. It is described as a stopgap solution that will dramatically reduce rollup gas fees ahead of full sharding implementation. This feature introduces a transaction type called blob-carrying transactions, which can contain up to two blobs and will be more cost-effective than the current transaction data storage method.
The Cancun upgrade aims to prepare the network for full data sharding while scaling rollups in the interim. The introduction of blob-carrying transactions will increase data availability for rollups and make them considerably cheaper. After the activation of Cancun, Ethereum users should expect faster, cheaper payments when using the ecosystems native cryptocurrency, applications, and ERC-based tokens.
While its impossible to predict with certainty, the Cancun upgrade could potentially be a significant catalyst for Ethereums price. By enhancing the networks scalability, security, and usability, the upgrade could attract more users and developers to the Ethereum ecosystem, thereby increasing demand for ETH and potentially driving its price towards the $3,000 mark. However, as with all investments, its essential to do your research and consider the risks before making any decisions.
As of today, Ethereum (ETH) is trading at $1,855.58. To reach the $3,000 mark, it would need to increase by approximately 62%. This is a significant leap, but not an impossible one, especially when considering the potential impact of the upcoming Cancun upgrade.
Historically, major network upgrades have often led to increased demand for cryptocurrencies. For instance, Ethereums price increased by about 60% in the two months leading up to the launch of Ethereum 2.0s Beacon Chain in December 2020. If the Cancun upgrade has a similar effect, it could potentially push Ethereums price towards the $3,000 mark.
Furthermore, Ethereums increasing adoption in decentralized finance (DeFi) and non-fungible tokens (NFTs) could also contribute to price growth. As more users and developers flock to the Ethereum network to take advantage of these innovations, demand for ETH could increase, driving up its price.
Currently, Ethereum (ETH) is priced at $1,855.58. For Ethereum to reach the $3,000 mark from its current price, we need to calculate the percentage growth required.
The formula to calculate percentage growth is:
((Target Price Current Price) / Current Price) * 100
Substituting the given values into the formula:
((3000 1855.58) / 1855.58) * 100
This calculation results in a required growth of approximately 61.7%.
In simpler terms, Ethereums current price needs to increase by about 61.7% to reach the $3,000 mark. This is a significant increase, but its not unprecedented in the volatile world of cryptocurrencies.
For instance, if we consider Ethereums performance in 2021, it has shown periods of rapid growth. From January 2021 to May 2021, Ethereums price increased from around $730 to a peak of over $4,000, representing a growth of over 450%.
While past performance is not a guarantee of future results, it does illustrate Ethereums potential for rapid price increases. With the upcoming Cancun upgrade and the continued growth of applications like DeFi and NFTs on the Ethereum network, a 61.7% increase to reach the $3,000 mark is within the realm of possibility. However, investors should always consider the inherent risks and volatility associated with cryptocurrency investments.
It is important to note that this is a predictive analysis and not a guarantee. Cryptocurrency prices are influenced by a wide range of factors, including market sentiment, regulatory news, and broader economic trends. As such, while the $3,000 target is achievable, its essential for investors to do their own research and consider the risks before making any decisions.
This article delves into the prospect of Solana price hitting the $22 mark in the near term. Let's take a
It is essential to consider the factors that could potentially propel SHIB to such heights. Let's take a look at
The Wyckoff Method centers on understanding the forces of supply and demand that drive price movements.
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Crypto Price Update: Bitcoin up 1.50%, Ethereum Up 2.12% – Outlook India
Outlook Money
The global cryptocurrency market was up by 1.82 per cent to $1.19 trillion. Maverick Protocol MAV was the most trending cryptocurrency, while eCash XEC was the top gainer and Toncoin TON was the top loser
Updated: 30 Jun 2023 1:33 pm
The global cryptocurrency market cap was at $1.19 trillion on Friday afternoon, up by 1.82 per cent in the last 24 hours, while the total trading volume was at $39.21 billion, up by 24.53 per cent.
Maverick Protocol MAV was the most trending cryptocurrency for the second day, down 29.12 per cent to $0.3918 from the previous day. Its 24-hour trading volume was $79.05 million.
eCash XEC was the top gainer, up by 44.10 per cent in the past 24 hours. It was priced at $0.000003234 with a 24-hour trading volume of $136.77 million. Toncoin TON was the top loser, down by 1.77 per cent to $1.35. Its 24-hour trading volume was $7.60 million.
DeFi fell 7.49 per cent to $2.9 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin was up by 1.50 per cent to $30,743.00. Its 24-hour trading volume was $17.27 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoins market dominance stood at 50.14 per cent, down by 0.26 per cent over the last 24 hours.
Ethereum: Ethereum was up by 2.12 per cent to $1,880.08 over the previous day. Its 24-hour trading volume was $7.04 billion.
Tether: Tether fell 0.01 per cent to $0.9998 in the last 24 hours. Tethers 24-hour trading volume was $27.46 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana was up by 14.62 per cent to $18.64 in the last 24 hours. Its 24-hour trading volume was $1.0 billion.
Avalanche was trading at $13.00, up by 6.14 per cent, while its 24-hour trading volume was at $165.82 million.
Cardano ADA was up by 3.56 per cent to $0.2827 over the previous day. Its 24-hour trading volume was $254.61 million.
Meme Coins
Dogecoin (DOGE) was up by 3.66 per cent, with a 24-hour price of $0.06511.
Shiba Inu was up by 3.24 per cent to $0.000000752.
Decentralised Finance
DeFi coin was trading at $0.00493, same as yesterday.
Yearn.Finance was up by 4.42 per cent to $6,485.90 in the last 24 hours, while its 24-hour trading volume was $16.64 million.
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Crypto Price Update: Bitcoin up 1.50%, Ethereum Up 2.12% - Outlook India
Crypto Price Today: Bitcoin tops $28,500; Ethereum above $1,800; Cardano, Polygon rise up to 8% – Business Today
Crypto majors are beginning the trading day in the green as a short squeeze pushes up the price of bitcoin. Positive news flow from global institutions is pushing the markets higher. However, traders will keenly be awaiting US Fed chair Jerome Powell's comment later in the day.
Polkadot (DOT) has broken the ceiling of the falling trend in the medium term. The asset has reached a significant support region, rising above the lower boundary of the descending channel and the static support zone of $4.5.
The price action indicates thatDOT remains within a descending channel and is presently heading toward its upper boundary. Additionally, the RSI indicator is leaning towards neutral territory with values inching towards 50(currently at44). If DOT manages to cross its 20-day moving average at $4.8, it can quickly rally towards $5.5 levels.Major Levels:Support: $4.6, $4.25Resistance: $5.5, $6.0(Views and recommendations given in this section are the analysts' own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)
Also read: Tata Steel shares recover, up 9% in 1 month; Motilal Oswal sees limited upside potential
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Bitcoin Price Prediction: Tradecurve a safe haven as Ethereum sell … – Finbold – Finance in Bold
With Ethereum (ETH) and Bitcoin (BTC) facing a selling spree, investors are in dire need of a secure alternative. Say hello toTradecurve: the perfect savior in the current investment landscape. Comparatively, this new project is estimated for higher returns and unparalleled financial stability. Check out more details below.
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Erich Garcia Cruz, a Bitcoin (BTC) enthusiast and business person in Cuba, has been vocal about the cryptos adoption in the country. He suggests private businesses can benefit from implementing Bitcoin (BTC) as a currency.
In fact, Cruz has been supporting Bitcoin (BTC) adoption since 2020. Cruz will also participate in a documentary where he will explain to Cuban people how they can use Bitcoin (BTC) to get rich.
Furthermore, Cruz addresses Cuba as a communist economy where the countrys communist party will oppose Bitcoin (BTC). However, he believes that Bitcoin (BTC) can bring the countrys independence from the central parties. Currently, Bitcoin (BTC) is trading at $25,824.28.
Such a high price can also become an obstacle to its adoption. Moreover, experts predict it to reach $31,005.61 by the year-end.
Recently, Ethereum (ETH) brought two new upgrades to re-engage its past investors. One of the upgrades is called Shapella. Ethereum (ETH) developers created Shapella to enable holders to unstake their tokens.
The idea was to give Ethereum (ETH) holders control over their stakes, hoping to encourage them to re-stake.
The upgrade came after Ethereum (ETH) suffered continuous withdrawals from users. The upgrade recorded a high Ethereum (ETH) token net inflow. It was also reported that Ethereums (ETH) upgrade grew liquid staking tokens/derivatives (LSD).
However, the upgrade hasnt caused any drastic change in Ethereums (ETH) price. Currently, it is trading at $1,688.08, a 2.99% rise in a day. Experts have predicted Ethereum (ETH) to reach a mere $1,691.96 by the year-end.
Tradecurveis here to redefine the world of online trading by seamlessly blending the best aspects of centralized and decentralized exchanges into one powerful platform. Tradecurve eliminates the hassle of juggling multiple accounts on different platforms.
With just a single account, investors gain access to an extensive array of markets, including forex, stocks, commodities, and cryptocurrencies. Last year crypto investment assets trading volume increased by 127%, which can be boosted this year by the new platforms excellent accessibility.
Unlike other exchanges, including Coinbase, Binance, etc., this platform believes in simplicity and accessibility. For example, only the users email address is required to register an account with no intrusive KYC procedures. Users getultra-competitive feesand spreads, ensuring higher maximized profits and unnecessary expenses.
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TCRVempowers traders of all backgrounds to take control of their financial futures. The token price has already soared from$0.015 to $0.018, and experts predict it will skyrocket to$0.025.
Brace yourself for its projected100xgrowth in just a few months. Invest today and reap unimaginable returns!
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Bitcoin Price Prediction: Tradecurve a safe haven as Ethereum sell ... - Finbold - Finance in Bold
As Ethereum and Bitcoin close out rocky month, DigiToads is up 320 … – NewsBTC
The digital currency world has once again been thrown into a state of tumult, as cryptocurrencies Ethereum and Bitcoin find themselves sinking to critical support levels. But amid the turmoil, there emerges a beacon of hope: DigiToads (TOADS), an innovative meme coin thats defying gravity as it ascends to the stratosphere.
Just as toads are known for their ability to leap high into the air, so too is TOADS making massive bounds, with its initial presale exhibiting phenomenal results. In an outstanding show of support, DigiToads successfully raised over $4.85 million, selling more than 306 million tokens. This represents an astonishing 90% of the tokens offered, setting a new record in the presale event. A single TOADS token currently sits at a price of $0.042, signifying a tremendous value for early adopters and presale participants.
Now you may be wondering, why is the DigiToads presale enjoying such a massive success? The answer lies in the projects innovative tokenomics, community-centred approach, and its inventive integration of NFT staking, all of which are converging to create a winning formula for this new token.
At the heart of TOADS tokenomics is a built-in burn mechanism that causes the total token supply to decrease over time, creating a deflationary pressure that enhances the tokens scarcity and potential value. This burn feature, alongside a 7% transaction tax that supports the projects NFT staking pool, liquidity pool, and treasury, incentivizes holding TOADS tokens, creating a robust and beneficial environment for holders.
TOADS groundbreaking approach to NFT staking offers another compelling reason for its presale success. Every transaction that occurs within the ecosystem, whether entering or exiting, adds 2% of its total value in TOADS tokens back to the staking pool. This pool, in turn, pays out rewards to staked TOADS NFTs, recycling tokens back to dedicated TOADS holders, or Toad-ficionados as they are lovingly termed. This mechanism incentivizes users to hold and stake their NFTs, providing increased benefits and fostering a strong HODL culture.
DigiToads success serves as a potent reminder of the potential and vibrancy within the cryptocurrency space, even in the face of market headwinds. It offers a vision of an alternative path, one that is driven by community, innovation, and an unwavering commitment to creating a sustainable and inclusive digital financial ecosystem. It stands as a testament to the resilient spirit of the crypto community, which, like a toad, can leap to great heights even in the face of adversity.
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Ethereums troubles stem largely from the slow and challenging transition to Ethereum 2.0. The upgrade, promising improved scalability and energy efficiency, has experienced numerous delays, causing frustration among its user base. This, compounded by increasingly sophisticated competition from alternative smart contract platforms, has seen Ethereums price performance falter.
Bitcoin, on the other hand, is grappling with regulatory pressures and lingering concerns over its environmental impact. Despite its reputation as digital gold, uncertainty regarding regulatory compliance across multiple jurisdictions and scrutiny regarding its energy consumption have impacted investor sentiment, leading to a downturn in price.
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While Ethereum and Bitcoin navigate these challenging currents, DigiToads has seemingly emerged from the shadows, quickly gaining traction and skyrocketing to popularity. The successful presale, innovative tokenomics, and community-centric model are a testament to the promising future of this memecoin. As the cryptocurrency landscape continues to evolve, it is projects like DigiToads that remind us of the diversity and innovation in the space. Amid the uncertainties of 2023, TOADS are hopping high and demonstrating that they indeed are a force to be reckoned with.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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As Ethereum and Bitcoin close out rocky month, DigiToads is up 320 ... - NewsBTC
Bank of China Adopts Ethereum (ETH) Blockchain – Analytics Insight
In recent news, two significant digital assets, Uwerx and Ethereum (ETH), have seen a surge in value. This is due to the Bank of Chinas utilization of the Ethereum (ETH) blockchain to issue $28 million of digitally structured notes.
This significant move showcases the increasing adoption of blockchain technology by traditional financial institutions and the mainstream economy.
This article will delve into the implications of this new development on the future prices of Uwerx and Ethereum (ETH).
The recent involvement of the Bank of China in digital assets is the first of its kind. This proves that the Chinese financial institution is ready to fully embrace blockchain technology, having utilized the Ethereum (ETH) platform.
On the 12th of June, 2023, BOCI Hong Kong announced that the financial institution had minted $28 million worth of digitally structured notes through the Ethereum blockchain.
This development has encouraged the use of blockchain applications across China. This includes the adoption of a default national blockchain in China, the Blockchain Service Network (BSN).
However, what effect does this development have on Ethereum (ETH)? Ethereum (ETH) is currently at a market value of $1,631.78, with a market cap and 24-hour trading volume of $209.01B and $6.28B, respectively.
Even though the market has fallen short of -6.50% over the past 24 hours as of writing, its blockchain activities have been outstanding.
Ethereum (ETH) kept humming despite Amazon Web Services (AWS)s recent outage in the US. Since the Ethereum (ETH) network largely depends on the AWS server, one would have thought it would be affected by it.
Since Ethereum (ETH) maintains strong resilience towards unfavorable market conditions, experts predict it might hit $2,284.45 by Q1 2024. More importantly, we believe the Bank of Chinas recent use of digital assets will create a positive effect.
Uwerxs growth responds to several favorable market conditions, ranging from mainstream economy adoption to increased presale participation. Thus, the Bank of Chinas recent adoption has caused investors to take an interest in other altcoins with great potential, such as Uwerx.
Despite being a new crypto project, its impressive that Uwerx has reached 5,500 signups and over 1,600 Telegram members, and 1,600 Twitter followers.
As mentioned earlier, other factors have been influencing Uwerxs growth besides the latest Bank of China development. Foremost, the Uwerx team released an alpha platform with important PDF content such as Logging In, Forgot Password, and My Activity Page. The alpha platform has ended, and the Uwerx team announced the project will be transitioning into the beta platform soon.
The Uwerx project will offer freelancers a cheap % transaction charge of 1%, contrary to Upworks 10% and Fiverrs 20%. Apart from freelancers, Uwerx also provided an opportunity for investors where they could participate in the projects liquidity lock of 25 years. Meanwhile, the Uwerx teams tokens have been locked for nine months.
Week 1 8%
Week 2 10%
Week 3 14%
Week 4 18%
Week 5 22%
Week 6 28%
Uwerxs audit pass on SolidProof and InterFi Network has also increased its trust among the crypto community. Furthermore, Uwerx has been listed on CoinSniper and will be listed on Uniswap by the 1st of August, 2023. The contract will further be renounced when the project is launched on centralized exchanges and taxes are zero.
Uwerx also has a vault feature where investors can store their tokens for various lengths. Then they get rewards based on the platform variables, similar to the popular staking concept.
Uwerx is currently running its Stage 5 presale at $0.041. Join the presale and enjoy the opportunity of a 15% bonus now! Since Stage 1 and 4 presales were completed in record time, its no doubt the ongoing presale will be completed soon. Meanwhile, the Uwerx team had to modify token allocation due to the community demands and high presale speed.
Uwerx is also scheduled to run a test airdrop by the end of the presale on the 31st of July, 2023. There are many more exciting features Uwerx has to offer. You can join the growing community to know more or send a suggestion/feedback to feedback@uwerx.network.
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Presale: invest.uwerx.network
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Bank of China Adopts Ethereum (ETH) Blockchain - Analytics Insight
Experts Advise Investing in Sparklo (SPRK) Instead of Celebrating … – Analytics Insight
The cryptocurrency industry recently experienced a period of turbulence due to the clash between Binance, Coinbase, and the US Securities Exchange Commission. This turmoil had a profound impact, leading to a decrease in the availability of Bitcoin (BTC) and Ethereum (ETH) on the Binance platform and reflecting a loss of investor confidence in centralized exchanges.
While Ethereums price rise may seem encouraging, experts caution against celebration at this stage. Instead, they suggest exploring alternative options such as Sparklo (SPRK), a revolutionary blockchain investment trading platform specializing in popular metals like gold, silver, and platinum. By diversifying investment strategies with Sparklo, investors can embrace a unique approach and potentially navigate the uncertain cryptocurrency landscape more effectively.
Sparklo (SPRK) has been gaining significant attention within the investment community as a project catering to the needs of long-term cryptocurrency investors. With its specialized fractionalized trading and investing platform, Sparklo offers a unique opportunity for investors to engage with precious metals such as silver, gold, and platinum, setting it apart in the world of cryptocurrencies.
One of the standout features of Sparklo is the emphasis on security and long-term stability. The team has implemented a groundbreaking strategy by locking liquidity for an unprecedented 100 years, demonstrating their commitment to safeguarding investor interests. Additionally, Sparklo has obtained a Know Your Customer (KYC) certification from Block Audit Report, instilling a sense of trustworthiness and reliability many investors seek.
The native ERC-20 cryptocurrency of Sparklo, SPRK, plays a vital role within the ecosystem as the platforms payment medium. Beyond facilitating transactions, SPRK provides the potential for governance rights, further engaging investors in decision-making. This governance rights integration ensures stakeholders have a voice and influence within the Sparklo platform.Currently, Sparklo has launched the third stage of its presale, offering SPRK tokens at an attractive price of $0.055 each. Early involvement in the presale presents a lucrative opportunity for investors seeking diversification and long-term growth within the cryptocurrency market.
The recent clash involving Binance, Coinbase, and the US Securities Exchange Commission has significantly impacted the cryptocurrency industry, leading to widespread turmoil. One notable consequence has been the decrease in the availability of Bitcoin (BTC) and Ethereum (ETH) on the Binance platform, indicating a loss of investor confidence in centralized exchanges (CEXes). While Ethereums price has increased, it is important to exercise caution and not hastily celebrate this development.
Despite Ethereum (ETH) recent price rise, there are several factors to consider. Glassnodes tweet revealed that investors actively withdrew their Ethereum (ETH) from Binance, reducing the balance of Ethereum (ETH) on the platform. This indicates a lack of trust in CEXes and a shift towards self-custody options or decentralized exchanges (DEXes). Although Ethereum (ETH) volume traded on DEXes experienced an upturn, revenue from Ethereum declined in the second quarter of the year, raising concerns about the networks overall health. It is crucial to carefully analyze these indicators and market trends before drawing conclusions about the long-term potential of Ethereum.
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Experts Advise Investing in Sparklo (SPRK) Instead of Celebrating ... - Analytics Insight
Cryptocurrencies Price Prediction: PEPE, Cryptos & Ethereum American Wrap 20 April – FXStreet
Pepe (PEPE) price has shown some bullish momentum despite the recent slowdown. After almost a week of testing a crucial support level, PEPE has resumed consolidation with a promising trajectory. This could bode well for the meme coin if buyer momentum sustains or a proper catalyst presents. In the meantime, however, the pace seems steady ascrypto markets take a breather. Nevertheless, the likes of Cardano will stop at nothing to steer ADA.
Vauld, a Singapore-based crypto lender and exchange, is in preparation to pay back INR balances to creditors by August 2023. The exchanges payback scheme was approved by 91.85% of creditors and the platform is likely to start paying creditors back soon.
The competition among Ethereum Layer 2 scaling solutions has intensified after the US Securities and Exchange Commissions (SEC) crackdown. Polygon networks MATIC was the largest Layer 2 scaling solution before the SEC labeled the token as a security.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
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Cryptocurrencies Price Prediction: PEPE, Cryptos & Ethereum American Wrap 20 April - FXStreet
Chainlink Partners With Swift, While Ethereum-Based Caged Beasts Is Here To Challenge Established Tokens | Mint – Mint
SWIFT, a globally recognised cooperative owned by its members and a leading provider of secure financial messaging services, has joined forces with Chainlink oracle networks. This strategic partnership has introduced a fresh perspective on how major financial institutions can seamlessly integrate with blockchain technology.
SWIFT, a globally recognised cooperative owned by its members and a leading provider of secure financial messaging services, has joined forces with Chainlink oracle networks. This strategic partnership has introduced a fresh perspective on how major financial institutions can seamlessly integrate with blockchain technology.
Furthermore, in an attempt to promote blockchain technology and the idea of digital finances, an Ethereum-based token named Caged Beasts (BEASTS) has entered the market. After observing the coins potential and its offerings to the investors community, many crypto enthusiasts are betting on this coin to have a successful fate. Lets take a closer look at these two revolutionary deals!
Furthermore, in an attempt to promote blockchain technology and the idea of digital finances, an Ethereum-based token named Caged Beasts (BEASTS) has entered the market. After observing the coins potential and its offerings to the investors community, many crypto enthusiasts are betting on this coin to have a successful fate. Lets take a closer look at these two revolutionary deals!
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Since 2017, Chainlink and SWIFT have been operating in harmony. However, it was in 2022 that they took their collaboration to the next level by announcing a comprehensive partnership. The primary objective of this alliance was to establish a cross-chain interoperability protocol (CCIP) through an initial Proof-of-Concept (PoC). In essence, this protocol enables the interbank network to effectively communicate and facilitate the transfer of tokens across various blockchain environments.
By extending support to SWIFT, Chainlink plays a pivotal role in driving blockchain adoption. This partnership opens up new avenues for blockchain technology to integrate seamlessly into the financial system, showcasing its potential to revolutionise the industry.
The Ethereum network provides numerous benefits that contribute to the remarkable success of projects built upon its platform, which is likely why investors are highly enthusiastic about Ethereum-based tokens. One of Ethereum's standout features is its smart contracts, which enable the implementation of self-executing agreements.
This not only enhances security but also reduces the reliance on intermediaries, streamlining processes and increasing efficiency. Moreover, Ethereum's decentralised nature ensures a transparent and censorship-resistant environment, aligning perfectly with the fundamental principles of the cryptocurrency market.
In a sea of meme coins, Caged Beasts stands out as a project that combines uniqueness and excellence, particularly during its current presale phase. What truly sets Caged Beasts apart is its unwavering dedication to transparency and security while embracing the entertaining culture associated with meme coins.
A notable feature of the project is its commitment to transparency and accountability. During the presale, Caged Beasts is locking 75% of the funds raised until the official launch. This demonstrates their strong emphasis on building trust within the community. Importantly, the locked funds will be fully visible, further enhancing transparency and reassuring investors.
Active community participation is highly valued by Caged Beasts. To encourage engagement, the project has also introduced a referral program as the presale kicks off. This program empowers each user to generate their own unique referral code. When a new investor utilises this code, they will receive a generous 20% of their deposit, while the referrer will be rewarded with an additional 20% in BEASTS tokens.
As we delve into the transformative changes unfolding in the cryptocurrency world, driven by the emergence of meme coins and their immense potential, projects such as Caged Beasts shine by choosing to build on the Ethereum blockchain. By harnessing the advantages offered by Ethereum's well-established ecosystem, this project delivers a distinctive and captivating experience for investors, all while prioritising the crucial aspects of security and transparency. By embracing the Ethereum blockchain, Caged Beasts positions itself to leave a lasting impression on the crypto market and ignite a new era for meme coins like never before!
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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Altcoin Daily: Key Changes to Ethereum, Cardano, Polygon – CryptoGlobe
In a recent video from the YouTube series Altcoin Daily,upgrades to Ethereum (ETH), Cardano (ADA), and Polygon (MATIC) were discussed, providing valuable insights for investors and crypto enthusiasts alike.
The video begins by highlighting the growing confidence in Bitcoin and Ethereum, as evidenced by net outflows from exchanges. This trend indicates that more of these cryptocurrencies are being withdrawn from exchanges for long-term storage, reflecting a reduction in selling pressure and a growing confidence in their stability and long-term value.
The video then shifts focus to the significant protocol upgrades being implemented by Ethereum, Cardano, and Polygon.
Ethereums Validator Balance Upgrade
Ethereum, the second-largest cryptocurrency by market capitalization, is contemplating a significant protocol upgrade. The core developers are considering raising the maximum validator balance from the current 32 Ethereum to 2048 Ethereum per validator. This change would allow large-scale staking operations to earn yield on amounts greater than the current cap. Its a move aimed at improving the networks efficiency and could potentially increase the attractiveness of Ethereum as an investment.
Cardanos Epoch Transition Upgrade
Cardano, another major player in the crypto world, has recently implemented an upgrade aimed at making the blockchain smoother for network users. The upgrade changes how epoch calculations are made, speeding up network processes during the change in epochs. An epoch in the Cardano network is a time period that lasts roughly five days, during which new blocks are produced. This upgrade is expected to enhance the user experience and the overall performance of the Cardano network.
Polygons Zero-Knowledge Compatibility Proposal
Polygon, a popular scaling solution for Ethereum, has proposed a significant upgrade. The team behind Polygon wants to make its main chain compatible with zero-knowledge (ZK) technology. This upgrade would increase the chains security and make the blockchain framework more future-proof. Polygon currently uses a ZK roll-up, which went live back in March. If approved by the Polygon community, this major upgrade would bring increased security and make the blockchain more resilient to future challenges.
Featured Image Credit:Photo / illustrationbyHansviaPixabay
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Altcoin Daily: Key Changes to Ethereum, Cardano, Polygon - CryptoGlobe