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Shiba Inu and Ethereum: Price Prediction Analysis – Watcher Guru

July 19, 2024 | Author: admin

Shiba Inu and Ethereum have become some of the most important players in the cryptocurrency market. Were not surprised about this fact.

This analysis examines their current positions, recent performance, and future price predictions to understand how they will evolve.

Also Read: Shiba Inu or Pepe Coin: Which Cryptocurrency Can Reach $0.01 First?

On July 17th of this year, Shiba Inu (SHIB) traded at $0.00001930, with a market capitalization of $9,477,145,257. Amazing, right? Ethereum (ETH), on the other hand, is priced at $3,489.79.

Shiba Inu has experienced some unexpected price changes over the past year. The chart shows a spike in early 2024, which was then followed by a correction. Despite this volatility, SHIB has kept a relatively stable price recently.

The Ethereum Price chart shown above shows a more consistent growth over the same period. The cryptocurrency has shown an upward trend since early 2024, with some occasional fluctuations.

Also Read: Ethereum ETFs Expected to Officially Launch July 23

Shiba Inus indicators show the 50-day SMA is at $0.00001999, while the 200-day SMA is a bit lower, at $0.00001962. This close value suggests that its price is hovering around moving averages. Furthermore, the 14-day RSI is at 56.63.

Ethereums indicators show a more bullish trend: The 50-day SMA stands at $3,447.97, and the 200-day SMA is lower at $3,105.22. This difference suggests that its price is trending above the long-term moving average.

The price predictions for Shiba Inu show a mixed outlook. In the short term, a significant spike is expected during the next 5 days. This might be caused by market speculation of upcoming events.

Unfortunately, this surge is most likely going to be short-lived, with decreases forecasted for the one-month, three-month, and six-month periods.

The long-term outlook looks more positive, with a large increase predicted for the 1-year mark.

Ethereums price predictions are more bullish than SHIB, and that is obvious at this stage. The forecast suggests steady growth across all time frames, with an important boost in the three-month and six-month periods. Thats very interesting.

This positive outlook is due to Ethereums strong fundamentals and the development of network upgrades.

The 1-year prediction also shows that it might continue to grow. Even if the 2025 prediction is lower than the 1-year forecast, it still represents a large increase from the current price.

The price predictions for Shiba Inu and Ethereum show different paths. Even though Ethereum has a constant positive outlook, Shiba Inu is more volatile and has short- and long-term growth potential.

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Shiba Inu and Ethereum: Price Prediction Analysis - Watcher Guru

Ethereum co-founder Vitalik Buterin warns against voting on crypto policy, as a16z founders endorse Trump – Fortune

July 19, 2024 | Author: admin

One of cryptos most influential voices has warned the industry to refrain from voting for political candidates based solely on their digital asset policies. In a blog published Wednesday, Ethereums co-founder Vitalik Buterin argues that electing candidates simply for being crypto friendly could hurt the industry more in the long-run. Considering whether candidates are ideologically at-odds with what crypto stands for, is more important than if they endorse the right to trade coins in the here and now, he argues.

If you care about freedom, you might want the government to respect your freedom to have the kind of family you want. If you care about building more efficient and equitable economies, you might want to look at the implications of that in housing, he continues. Buterin added that losing site of these bigger questions could lead crypto voters to lose sight of the ideals that originally created crypto in the first place.

In his view, crypto payments are just one iteration of the decentralization movements larger ideological goal of freedom, and a partys commitment to protecting this goal is what should be on the ballot. Decentralized networks are good at protecting freedom, and money is an important sphere where such networks can be applied but its one important sphere among several, he writes.

Trump, who has committed to be the crypto president, will speak at Bitcoin 2024 next week, an annual conference that also serves as a tribal gathering for fans of the original cryptocurrency. Details of what he will discuss have not been disclosed. David Bailey, CEO, BTC Inc., the organizer of the Bitcoin Conference, told Fortune in a statement that Trump will share his vision for the future of the American Bitcoin industry and its impact on the U.S. economy.

In his blog post, Buterin also listed examples of technologies that should also be protected in the name of freedom, beyond just crypto and blockchains. This includes encrypted messaging, privacy from centralized AI companies, and prediction markets and Community Notes that he argues help people form high-quality opinions about important topics in an adversarial environment.

Buterins appeal to higher ideals, however, was quickly met with suggestions he was ignoring political reality.

Much of this seems too clever by half. Good crypto policy requires electing pro-crypto candidates, period. Political reality beats idealism every time, responded prominent crypto layer Jake Chervinsky on X. Another user added, The underlying goal has to be mass adoption, which requires good policy. The tech is inherently democratic.

Buterins blog comes just one day after Ben Horowitz and Marc Andreessen, co-founders of tech venture capital firm a16z, announced their endorsement of Donald Trump on a podcast. For little tech, we think Donald Trump is actually the right choice. Sorry mum, I know youre going to be mad at me for this, but we had to do it, Horowitz said. On that same podcast, Andreessen expressed his fears over how the Democrats might regulate Silicon Valley: My big concern is what we saw in crypto was the foreshadowing of whats gonna happen in AI.

The a16z founders arent the first prominent members of the industry to make their support for Trump public.

I am going to vote for the person whos going to do the best job for our economyI am a voter when it comes to economics, and on that basis, Trump. ARK Invest CEO Cathie Wood said during an interview with YouTuber Kevin Paffrath last month.

In addition, this week it was reported that Tesla CEO and meme coin enthusiast Elon Musk is donating $45 million per month to a new pro-Trump super political action committee, called America PAC. Further donors to the lobbying group include the Winklevoss twins, who founded crypto exchange Gemini, and former U.S. Ambassador to Canada, Kelly Craft, who has lobbied on behalf of the Bitcoin mining industry.

Prominent crypto figures turning to Trump is also indicative of a wider shift. A June survey by Paradigm found that 13% of Republican swing voters are now more convinced to vote for him in light of his recent crypto conversion. Moreover, just over one third of Republicans view crypto positively, the survey found.

Ethereum co-founder Vitalik Buterin warns against voting on crypto policy, as a16z founders endorse Trump - Fortune

Ethereum ETFs will have a bigger impact on ETH price: Bitwise – Cointelegraph

July 19, 2024 | Author: admin

United States spot Ether exchange-traded funds will have a rough start but could have a bigger impact on the assets price than Bitcoin ETFs did for BTC, according to Bitwise Chief Investment Officer Matt Hougan.

The first few weeks could be choppy, as money may flow out of the $11 billion Grayscale Ethereum Trust (ETHE) after it converts to an ETP, Hougan stated.

By year-end, Im confident the new highs will be in, he added, reiterating not to expect significant results immediately given the potential selling pressure similar to what spot Bitcoin (BTC) ETFs faced upon trading launch on Jan. 11.

Hougan gave three main reasons why he believes Ether ETFs will have a bigger impact on the asset's price: Ethers inflation rate effectively amounts to zero, given the widespread usage of Ethereum-based applications compared to the small amount of ETH created daily.

Also, Bitcoin miners are forced to sell Bitcoin to maintain operations due to it being expensive, requiring high-end computer chips and loads of energy,. In contrast, those staking ETH do not have significant direct costs.

Another reason is that approximately one-third of all ETH (28%) is staked and locked away for a period of time. Currently, 28% of all ETH is staked, meaning it is effectively off the market, he said.

Hougans comments come amid growing anticipation for the launch of the spot Ether (ETH) ETF, which is expected to debut on July 23, according to Bloomberg ETF analyst Eric Balchunas.

Hougan predicts that the product will push Ethers price above $5,000 by the end of 2024, a 47% increase from its current price of $3,401, as per CoinMarketCap data.

However, the prediction might be conservative if inflows exceed market expectations, according to Hougan.

If flows are stronger than many market commentators expect, the price could be much higher still, he declared, mirroring the prediction of pseudonymous crypto trader Daan Crypto Trades, who also believes that the amount of potential inflows into Ether ETFs has been underestimated.

Related: SEC approves Grayscale, Proshares spot Ethereum ETFs for trading on NYSE Arca

My expectation is still a little more optimistic in terms of ETF flows than most, Daan Crypto Trade wrote in a July 17 X post.

They further pointed out that Ethers price is sitting on top of the 200-day Moving Average (MA) and will eventually break out surrounding the ETF launch.

Meanwhile, pseudonymous crypto trader Kaleo is of the opposite opinion to Daan Crypto Trades believing that the price will spiral downward upon Ether ETF launch.

Gonna be a contrarian here and say that I believe Ethereum actually dips a bit next week vs. BTC, they added.

While Hougan is optimistic about Ethereum reaching $5,000 and beyond by the years end, futures traders are betting on a near-term decline in Ethereums price.

A 10% increase to $3,750 will wipe $1.31 billion in short liquidations, whereas 10% dip on the downside will erase $544.39 in long positions, according to CoinGlass data.

Magazine: Bitcoin $500K prediction, spot Ether ETF staking issue Thomas Fahrer, X Hall of Flame

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Ethereum ETFs will have a bigger impact on ETH price: Bitwise - Cointelegraph

Spot Ethereum ETFs are coming, but ETH derivatives markets are flat – Cointelegraph

July 19, 2024 | Author: admin

Etherprice rallied 12.5% between July 12 and July 15, but strong resistance at $3,500 halted the bullish momentum. The subsequent correction down to $3,400 on July 18 occurred despite the United States Securities and Exchange Commission approving two additional spot Ethereum exchange-traded funds (ETFs). Despite this positive development, Ethers derivatives market has shown little excitement.

The SEC reportedly gave preliminary approval to at least three issuers to begin trading spot Ether ETFs on July 23. A total of eight spot Ether (ETH) ETFs are awaiting final regulatory approval after amendments to the funds S-1 filings.

Bitwise Chief Investment Officer Matt Hougan expects Ethers price to reach $5,000 by the end of 2024, citing its low equivalent inflation rate, lack of significant cost for validators, and 28% supply locked in staking.

Given the total crypto market capitalization gained 43% year-to-date in 2024, it is puzzling why Ethers investors lack bullishness, despite the spot ETH ETF momentum. Furthermore, volumes on Ethereum decentralized applications (DApps) rose 7% in the last 30 days to $221 billion, according to DappRadar data. In comparison, competitor BNB Chain saw a 25% decline in activity, while Solana experienced a 16% drop in volumes.

In terms of DApps deposits, the Ethereum network remains the leader with 17.5 million ETH in total value locked (TVL), equivalent to $59.8 billion, according to DefiLlama data. This metric remained flat from the prior month, while competitors Solana and BNB Chain hold approximately $4.8 billion each.

Additionally, activity in Ethereums layer 2 ecosystem increased, with the aggregate native TVL rising by 8.5% over the past 30 days to $14 billion, according to L2Beat data. Thus, Ethereum onchain data shows no signs of weakness.

From a macroeconomic perspective, the latest US Producer Price Index was 2.6% above the prior year, slightly above the market consensus of 2.3%. This indicates that the US Federal Reserve (Fed) still has work to do to curb inflation, meaning price pressure will continue to hurt demand for a while.

Moreover, Chinas disappointing 4.7% yearly gross domestic product growth could spell trouble for global stock markets.

Additionally, the US Department of Labor reported 243,000 initial jobless claims were filed in the week ending July 13, the highest level since August 2023. The signs of a cooling labor market increase the odds of the US Fed cutting interest rates over the next couple of months, according to Goldman Sachs chief economist Jan Hatzius, as reported by Yahoo Finance.

There is no indication that investors are exiting risk markets, which is evident as the S&P 500 index is only 2% below its all-time high from July 16. Meanwhile, Ethers price needs to gain 43% to surpass the $4,868 mark set in November 2021.

To assess whether crypto traders are gaining confidence, one should analyze the Ether futures premium. In normal markets, these contracts should trade 5% to 10% higher than regular spot markets to account for their extended settlement period.

Related: Bitcoin ETFs have 4-8X more BTC price influence than miners Research

The Ether fixed-month contracts annualized premium, or basis rate, currently stands at 11%, indicating moderate optimism. However, this indicator has not sustained levels above 12% for the past month, which is somewhat concerning given the potential inflows from the upcoming spot ETF launch in the US. For comparison, Bitcoins (BTC) basis rate also stands at 11%, indicating there is no excessive bullishness among Ethereum investors.

Ether bulls might argue that the current lack of confidence leaves room for a surprise if the expectation of strong spot ETF net inflows is confirmed. Still, given that Ethers price failed to rally despite a bullish scenario for risk-on assets, the ETH derivatives metrics point to investors lack of appetite, making a bull run above $4,000 less likely.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Spot Ethereum ETFs are coming, but ETH derivatives markets are flat - Cointelegraph

Ethereum Price Analysis: Is $3.7K Realistic for ETH or is a Correction to $3K Coming? – CryptoPotato

July 19, 2024 | Author: admin

Our website is a comprehensive guide to digital currency investing & trading.Here are a few suggestions to get started, and get the most from us:

Begin with Bitcoin for Beginners.

Get the edge with our exclusive Bitcoin and cryptoguides.

Check out our Crypto YouTube channel, that includes beginners and advanced tutorial videos and market updates. Dont forget to subscribe!

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Ethereum Price Analysis: Is $3.7K Realistic for ETH or is a Correction to $3K Coming? - CryptoPotato

Fedora 41 Aims To Support Self-Encrypting Drives Within Its Installer – Phoronix

July 18, 2024 | Author: admin

Coming in as a rather late change proposal for Fedora 41 is to support self-encrypting drives from within the OS installer.

The change proposal filed by three Red Hat engineers is to have optional support for leveraging native hardware encryption on TCG OPAL2 compliant drives from within Fedora's Anaconda installer.

The latest cryptsetup LUKS software can be configured to use self hardware encryption on SATA and NVMe drives supporting the TCG OPAL2 standard. This self-encryption support can be used alone or with dm-crypt software encryption on top too for greater data protection.

The Fedora 41 change proposal does note:

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Fedora 41 Aims To Support Self-Encrypting Drives Within Its Installer - Phoronix

Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day – PCWorld

July 18, 2024 | Author: admin

If you want to keep your documents and pictures absolutely secure, the Kingston IronKey Vault Privacy 50 flash drive is now available for just $140, down from its $220 MSRP, the best price weve ever seen for this 256GB drive.

Ive been a tech writer for many years now, and quite a few of those years have been spent looking for the best tech deals around because who wants to pay full price? So, finding this Kingston flash drive that takes security seriously for such a good price was a cha-ching moment.

The Kingston IronKey Vault Privacy 50 is FIPS 197 certified, so you can trust that your data is securely encrypted. This model uses unbreakable 256-bit encryption plus Kingstons extra protections against brute force and BadUSB attacks.

The flash drive also allows you to enable Admin, User, and One-Time recovery passwords. Admins can set up passwords for users, giving them access to permitted content only. If the users password is entered incorrectly ten times in a row, theyll be locked out.

The Admin password, however, is more importantif the Admin password is entered incorrectly ten times in a row, the drives contents are crypto-erased, making them impossible to recover.

With read speeds up to 250MB/s and write speeds up to 180MB/s, this thumb drive ensures quick file transfers, saving you time and hassle.

Whatever files you need to keep secure, the Kingston IronKey Vault 50 is a solid solution, especially when its more affordable than ever before so snatch it for $80 off on Amazon before this deal runs out.

Since this is a Prime deal, youll need an Amazon Prime subscription to access the discount. If youre not yet a member, you can start a 30-day free trial for this discount and thousands of others. Plus, make sure to check out our extensive Prime Day coverage to find even more gems!

More Prime Day 2024 deals

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Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day - PCWorld

UCLA Team Creates Optical Computing Method for Processing and Encryption – All About Circuits

July 18, 2024 | Author: admin

UCLA researchers have unveiled a new optical computing method that can replace traditional techniques for performing permutation operations. The proposed technique effectively performs an optical permutation leveraging only passive hardware, removing the need for advanced signal processing and potentially saving power.

Optical computing is not an inherently new concept, with researchers in academia and industry working toward more efficient and high-performance optical devices. The UCLA device, however, uses multiple layers of passive diffraction materialsto encrypt a signal before transmission.

The UCLA researchers designedmultiple layers of diffraction materials, each optimized with different phase values to focus the light at distinct points. The resulting output beams appeared shuffled compared to the input, requiring an inverse operation before the data could be used.

In addition to its optimized diffraction materials, the device enabled each layer to be rotated, further increasing the number of permutation states available. As a result, incident light rays could be permuted without consuming any electronic computing resources.

A similar concept exists in quantitative phase imaging, where image information is stored in the phase instead of the amplitude of the light rays. Applied to encryption, the optimized UCLA devices can not only shuffle data but alsorecover that same data by applying the inverse transform upon reception.

A permutation operation takes an ordered set of data, like an image or bitstream, and shuffles its members into a new set of data. While the new set still contains the same information that can be easily recovered by applying an inverse permutation, it becomes extremely difficult to recover any useful information without knowing the details behind the original permutation.

Inan image, the permutation operation will effectively shuffle each individual pixel while remaining within the same bounds of the image. So, while each pixel remains at the same magnitude and color in a different location, the resulting image after permutation appears to contain no useful information. This is a basic form of encryption and allows secure messages to be sent between parties who know the details behind the permutation.

Traditionally electronic hardware or software achieve this permutation. In the case of software, the CPU can manually shuffle data given the permutation matrix, all the while consuming power and occupying a CPU core. Hardware-based permutation is much faster, but still takes some timeto shuffle the input data. A method of performing a permutation in the optical domain, as the UCLA researchers pursued,can save power and speed up the operation.

Although the UCLA device is still in its infancy, the preliminary results show potential use cases, from telecommunications to data security. Furthermore, if the inverse permutation can be applied in the optical domain as well, the UCLA diffraction-based permutation could enhance securityas a physical encryption/decryption key pair.

While optical computers may not replace traditional computers in every setting, with the help of researchers like those at UCLA, optics-based computers are slowly becoming more applicable to engineering applications.

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UCLA Team Creates Optical Computing Method for Processing and Encryption - All About Circuits

Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 – openPR

July 18, 2024 | Author: admin

The global homomorphic encryption market is anticipated to grow at a CAGR of 8.3% during the forecast period. The increasing amount of data and the growing complexity of problems has resulted in an ever-growing reliance on cloud computing, which is projected to lead to the increasing use of homomorphic encryption. Homomorphic encryption elevates the bar of solutions by adding confidentiality of data during processing and allows computation of fully encrypted data without the need for decryption, thus fully preserving privacy. For instance, in 2021, nearly 847,376 complaints of data breaches were reported, which was a 7% increase from 2020. Among the 2021 complaints received, ransomware, business e-mail compromise (BEC) schemes, and the criminal use of cryptocurrency is among the top incidents reported, according to the Federal Bureau of Investigation.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/homomorphic-encryption-market

Furthermore, funding, investment, and collaborative strategies adopted by key players such as IBM Corp, Intel Inc., Microsoft, and others drive the market growth. For instance, in April 2021, Nasdaq developed new extensions of the 3rd generation Intel Xeon Scalable processor's instruction architecture to significantly accelerate the homomorphic encryption applications. Nasdaq expects to achieve 100x performance gains in 2021 based on a joint research and innovation initiative with Intel. The proofs of concept carried out by Nasdaq are testing the fully homomorphic encryption in the fight against financial crimes, particularly money laundering and fraud detection, using proprietary data while complying with privacy laws. Moreover, in October 2021, Cornami completed an early close to its currently over-subscribed $50M Series C financing led by SoftBank Vision Fund 2 to bring Fully Homomorphic Encryption (FHE) to market. With the advent of FHE in cloud-computing security it allows for extracting valuable data analytics without ever decrypting the data to expose the underlying plaintext data, whether it is sensitive intellectual property (IP), financial information, personally identifiable information (PII), intelligence insight, or beyond. FHE is a significant and critical technology to enable security across the enterprise, industry, fintech, healthcare, academia, and government markets.

Global Homomorphic Encryption Market Report Segment

By Component

Solution Services

By Type

Partially Homomorphic Encryption Somewhat Homomorphic Encryption Fully Homomorphic Encryption

By Application

Secure Data Computation Data Privacy Data Monetization Regulatory Compliance

By End User

BFSI IT and Telecom Health Care Government Educational Institutes Others (Manufacturing, Energy and Utilities)

A full report of Homomorphic Encryption Market available @ https://www.omrglobal.com/industry-reports/homomorphic-encryption-market

Homomorphic Encryption Market Report Segment by Region

North America

United States Canada

Europe

Germany United Kingdom France Spain Italy Rest of Europe

Asia-Pacific

China Japan India Rest of Asia-Pacific

Rest of the World

Middle East & Africa Latin America

Company Profiles

Apple Inc. Cornami, Inc. Cosmian Tech CryptoExperts SAS Desilo Duality Technologies Inc. Enveil, Inc. Inpher Netskope Inc. Nvidia Corp. ShieldIO

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors. 2. More than 120 countries are for analysis. 3. Over 100+ paid data sources mined for investigation. 4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 780-304-0404 Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

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Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 - openPR

Democratising encryption: Integrating high-security cryptographic solutions across diverse industry sectors – Express Computer

July 18, 2024 | Author: admin

Express Computer is one of India's most respected IT media brands and has been in publication for 33 years running. We cover enterprise technology in all its flavours, including processors, storage, networking, wireless, business applications, cloud computing, analytics, green initiatives and anything that can help companies make the most of their ICT investments. Additionally, we also report on the fast emerging realm of eGovernance in India.

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Democratising encryption: Integrating high-security cryptographic solutions across diverse industry sectors - Express Computer

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Shiba Inu and Ethereum: Price Prediction Analysis – Watcher Guru

Ethereum co-founder Vitalik Buterin warns against voting on crypto policy, as a16z founders endorse Trump – Fortune

Ethereum ETFs will have a bigger impact on ETH price: Bitwise – Cointelegraph

Ethereum Price Analysis: Is $3.7K Realistic for ETH or is a Correction to $3K Coming? – CryptoPotato

Fedora 41 Aims To Support Self-Encrypting Drives Within Its Installer – Phoronix

Kingstons encrypted, self-destructing, 256GB flash drive is $80 off on Prime Day – PCWorld

UCLA Team Creates Optical Computing Method for Processing and Encryption – All About Circuits

Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031 – openPR

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