US CoinDesk, Unusual Opinion Statement ── Is it okay for the US to crush crypto assets | coindesk JAPAN | Coindesk Japan

https://ourbitcoinnews.com/us-coindesk-unusual-opinion-statement-%E2%94%80%E2%94%80-is-it-okay-for-the-us-to-crush-crypto-assets-coindesk-japan-coindesk-japan/

When I walk my dog, I often see Harry in his 70s. A former New York City Police Department detective, he feeds stray cats on a nearby walkway every morning. We became friends through animals, but that’s the only place Harry can talk to. He believes in QAnon conspiracy theories and believes America is on the verge of another civil war. He is waiting for that “signal”.

Sometimes I actively respond to what Harry says, and other times I just listen. He also talks about crypto assets while he greets my dogs. I told him a few days ago that the banking crisis and increased regulation are going through tough times for crypto.

Harry reacted immediately. “Did you really think central banks and governments would allow fiat currencies to compete?”

I froze at his words. I found it hard to refute his conspiracy theories.

All-out attack on crypto assets

In just the past few weeks, US regulators and governments have been affected by the pervasive effects of the FTX bankruptcy, with a natural desire to “do something” to push domestic cryptocurrency projects (but not completely neutralize them). It’s getting easier and easier to think that we’re trying to beat them down.

As a conspiracy theory, this would be plausible. Even those in established positions, including former regulators, see the current situation as a coordinated attack.

The administration’s animosity towards cryptoassets has been made clear in public statements, and is accompanied by actual acts of tightening regulation. After years of ignoring industry calls for guidance and regulatory clarity, the U.S. government appears to be launching an all-out assault on all parts of crypto.

The all-out attack also includes a series of enforcement actions by the U.S. Securities and Exchange Commission (SEC) against licensed cryptocurrency companies like Coinbase and Kraken. Last week, the Commodity Futures Trading Commission (CFTC) sued Binance. The Biden administration released a “Presidential Economic Report” last week, arguing that cryptocurrencies are not a useful technology and highlighting a string of crypto-related frauds in recent years.

idealism and cynicism

There are two reasons why I still don’t believe in organized malice. One is based on idealism, the other on cynicism.

First, this is America, the land of opportunity and freedom. A deliberate attack on the economic freedom that crypto assets symbolize goes against American values.

Second, this is America, a country whose infrastructure is crumbling. Leaders can’t even coordinate the efforts needed to repair bridges and tracks. It is too daunting to think that we can cooperate with destroying the financial infrastructure of the future rather than maintaining the existing infrastructure.

Supporting the claim of lack of coordination is that in the Binance lawsuit, the CFTC claims the cryptocurrency Ethereum (ETH) is a commodity, while the SEC and the New York Attorney General say it is a security.

But it may not matter whether the current regulatory tightening is a systematic act of hostility to crypto assets. There are others who believe this, not just Harry. The idea that the United States is making crypto assets an enemy is spreading.

So some companies are considering moving abroad, while others are worried that they may lose or be unable to open bank accounts. Bankers are even refusing to speak at crypto-related events for fear of being targeted by regulators themselves.

Unless the Biden administration’s policies change significantly, the idea that America is anti-cryptoassets will soon become so entrenched that it will be difficult to reverse. This is largely due to the fact that most of the U.S. government’s response has been punitive rather than constructive.

Regulators and the White House need to be clear that cryptoassets have a future in America. There’s no better way to do that than to give the industry the regulatory clarity it’s been asking for.

Blueprints for a better framework have been proposed, such as in the Senate’s Responsible Financial Innovation Act. Most of the crypto industry would welcome such regulatory clarity. But regulators and many politicians seem reluctant to bring such clarity.

existential crisis

CoinDesk rarely takes official positions on specific issues. As I’ve said in the past, we value the breadth and balance of our coverage, rather than offering official views on specific topics.

However, the reason why we decided to present a common view as an organization here is because we thought that we should clarify our position this time. Our editors believe that the threats facing cryptocurrency, whether intentional or not, from the actions of the U.S. government are potentially good, representing technologies and industries that enable economic empowerment. I think that the more we need to clarify our attitude, the more it will affect our survival.

We believe that government attacks on crypto assets will not achieve the goal of protecting the American public from fraud and fraud.

The early reaction to increased regulation is very likely to push innovation out of the United States. For all but the most savvy insiders, then, it becomes difficult to distinguish between outright fraudulent behavior and solid efforts to innovate.

We are alarmed by the signs that tightening regulation is beyond the authorities’ powers under current law and running counter to the spirit of freedom and innovation that underpins America and the world of crypto.

Operation Coke Point 2.0

Regulators appear to be blocking crypto firms from accessing traditional banking services. Former lawmaker Barney Frank, a driving force behind strict banking regulation in the wake of the 2008 financial crisis, said he wanted to send a “very strong anti-crypto asset message” to regulators. Signature Bank, which served as a director, claimed to have been forced into liquidation by the New York State Department of Financial Services (NYDFS). NYDFS denies it.

But the claims appear to be backed up by recent moves by the authorities.

Reuters reported on March 16 that the Federal Deposit Insurance Corporation (FDIC) is contingent on the sale of Signature Bank to abandon its cryptocurrency business. The FDIC denied the reports, but once the sale took place, crypto-related clients were actually excluded from the acquisition.

He likened this approach to Operation Coke Point, an Obama-era policy that pressured banks to keep “legal but politically undesirable businesses” such as gun manufacturers and payroll lenders from doing business with them. Some call it Coke Point 2.0. These measures not only circumvent due process, but repeat mistakes of past administrations that have been criticized harshly by both the legislature and the legal system.

Surprisingly, current FDIC Chairman Martin Greunberg was the driving force behind the original Operation Coke Point.

Operation Coke Point eventually faced a number of lawsuits and hearings, largely settled on government abuse of power. To settle various lawsuits, the FDIC promised internal reforms to prevent regulator overreach against legitimate businesses, including ending the practice of tacitly interfering with banks on customer choices. I doubt now how sincere that promise was.

CoinDesk is working hard to uncover the true story behind recent events and determine if it was a coordinated effort to harass the cryptocurrency industry. But even before the full picture is revealed, the abuse of government power is reason enough to sound alarm bells.

indiscriminate carnage

What appears to be an implicit anti-crypto agenda must be distinguished from legal action against some scammers preying on the crypto world.

We are well aware that cryptocurrencies, like many pioneering technologies before them, are extremely attractive to fraudsters. I applaud criminals such as Do Kwon and Sam Bankman-Freed being prosecuted and possibly jailed.

At CoinDesk, we are actively working to stop fraud. CoinDesk’s award-winning journalists played a major role in exposing FTX’s massive fraud. Moreover, we warned investors to be vigilant even before the collapse of crypto lending firm Celsius Network and Kwon’s Terra.

But not giving crypto developers the tools or giving crypto service providers the ability to manage US dollars in American banks is not anti-fraud. It’s like a bomb that causes indiscriminate carnage.

Failure to establish a clear framework for regulated cryptocurrency issuance also makes it more difficult for consumers and law enforcement to prevent fraud. Because the most virtuous cryptocurrency projects lose the means to maintain their legitimacy.

cascading risk

Efforts that seem to try to suppress crypto-assets also have a large knock-on effect. Bankers are reluctant to speak publicly about crypto assets or participate in debates, fearing conflict with regulators. Getting central bankers to speak publicly is nearly impossible.

As a result, talking about the future of the industry risks repeating voices in favor of crypto instead of being a source of real truth and real innovation.

In addition, there is a risk that crypto assets will be politicized. The crypto community has often shunned partisan politics, preferring to stick to the spirit of freedom and individual autonomy.

In fact, constructive, bipartisan crypto bills were largely the norm. The sweeping bill by Republican Senator Cynthia Lumis and Democratic Senator Kirsten Gillibrand is a prominent example. But the view that the regime is anti-cryptoassets is destroying open collaboration. Individuals’ opinions of crypto assets may one day become dictated by their political affiliation. There are no winners in such situations.

Crypto-assets certainly have real-world utility and benefits, such as providing an alternative option for providing financial services to people around the world suffering from oppression and violence. For example, it was crypto assets that made it possible to deliver $100 million in immediate donations to Ukraine after the Russian invasion. Donations were delivered faster than through more formal government channels.

In addition, crypto assets are a core supporting tool for resisting the dangerous concentration of power in the digital world in the hands of companies that use large amounts of data and have turned surveillance and censorship into their main business. It also exists. The worrying rise of surveillance capitalism is now a clear concern for many lawmakers who feel banking regulators are encroaching on their power.

Much like tech stocks, speculation drives much of the trading of cryptocurrencies, but their prices are also driven by real demand from current users. Billions of dollars of value circulate around the world every day on the Bitcoin network.

not american

Bitcoin (BTC) and many other crypto assets will survive comprehensive and indiscriminate regulatory tightening functionally intact. That’s what crypto assets are all about. Cryptocurrency systems were created with the goal of giving individuals control over their destinies in the digital age, independent of government and corporate structures.

Cryptoassets, in short, test the principle of restraining government power that lies at the heart of the American psyche. Freedom of religion, freedom of speech, and other rights guaranteed by the U.S. Constitution are a blueprint for spreading freedom around the world. It has helped millions of people increase their prosperity, happiness and wealth.

Protecting those rights seems a given to many Americans today. But it was once considered dangerous and destabilizing by those in power. Even now, even in America, authoritarians are reverting to old habits and chasing the illusion of safety through censorship and restrictions.

Considering these realities, making economic autonomy as a matter of course protected in a democratic society as freedom of speech and freedom of religion is unlikely to be a grand project that will take years. Clear. Instead, if the government really wants to impede that progress, it should publicly declare its purpose and do so through transparent, democratic means.

I hope my conspiracy walking buddy Harry is wrong and the Biden administration isn’t trying to kill crypto. If so, the White House needs to make his positive intentions clear.

For example, support a bipartisan effort to require the SEC to have clear guidelines for crypto assets. Given the erupting and pervasive cynicism over heavy-handed government action against crypto, there is no other way to persuade the crypto industry that it does not need to flee the United States for safety. deaf.

Prove Harry wrong.

Kevin Reynolds: US CoinDesk Editor-in-Chief

|Translation and editing: Akiko Yamaguchi, Takayuki Masuda
|Image: Shutterstock
|Original: CoinDesk Editorial: It Sure Looks Like the US Is Trying to Kill Crypto

The post US CoinDesk, Unusual Opinion Statement ── Is it okay for the US to crush crypto assets | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.

Weekly Market Watch: Bitcoin Bulls Lead The Way, Altcoins Follow Suit

https://www.tronweekly.com/weekly-market-watch-bitcoin-bulls-lead-the-way/

Last week, the crypto market experienced a bullish surge, which left bears struggling to counter the bulls’ momentum. Notably, both Bitcoin and Ethereum faced the brunt of this upward trend. However, the positive impact of this surge had a favorable effect on the overall market outlook. 

Nevertheless, certain altcoins displayed considerable gains in the weekly chart, standing out in the crypto market for their exceptional performances amidst the bullish trend of Bitcoin and Ethereum.

Some low-cap coins on the list of weekly gainers have shown substantial growth, with Solar (SXP) leading the pack, followed by Hedera (HBAR), and third in line is Stellar (XLM).

Solar (SXP) has experienced a significant surge of 160% over the past week, making it the leading performer among the top 100 tokens by market capitalization. 

SXP 7D graph coinmarketcap
Source: CoinMarketcap

This rise in value can be attributed mainly to its recent achievement of Binance, the leading global crypto exchange, which has announced its support for the mainnet swap and rebranding plan of Swipe (SXP) to Solar (SXP). 

As per the plan, all ERC20, BEP2, and BEP20 Swipe (SXP) tokens will be migrated to the Solar mainnet at a ratio of 1 Swipe (SXP) = 1 Solar (SXP):

After the mainnet swap is complete, deposits and withdrawals of ERC20, BEP2, and BEP20 Swipe (SXP) tokens will no longer be supported. Binance will only support deposits and withdrawals of Solar (SXP) tokens via its mainnet.

Currently, SXP is trading at $0.6933, demonstrating a 16% increase in the past 24 hours and a 14.14% surge in its marketcap. The token hit its peak of $0.736 after beginning the week at $0.2641, displaying a strong and remarkable performance. 

Meanwhile, Hedera (HBAR) is also gaining attention from the community as a second top weekly performer. Over the past week, FLR has experienced a surge of approximately 18.24%. As of now, HBAR is trading at $0.07149; in the last 24 hours, the token has experienced a 1.66% decrease.

HBAR 7D graph coinmarketcap 1HBAR 7D graph coinmarketcap 1
Source: CoinMarketcap

The HBAR price surged following the developers of HashPack announced the release of version 7.1.1. The latest update addresses several community-raised issues and includes improvements to token price accuracy. 

In addition, the update addresses some community-raised issues, including fixing AR support in mobile apps and improving the transfer confirmation screen.

Stellar (XLM), which is currently trading at $0.108 with a 17.76% rise in the weekly chart, is also gaining attention. This surge can be attributed to the latest announcement that Coinme and Stellar Development Foundation have partnered to introduce Circle’s USDC on Stellar through the Coinme wallet. 

XLM 7D graph coinmarketcap 2XLM 7D graph coinmarketcap 2
Source: CoinMarketcap

The integration will improve the accessibility and user experience of USDC, promoting financial inclusion and providing a new option for unbanked or underbanked Americans to access digital finance.

Moreover, some popular coins are experiencing gains in weekly charts, including XRP at 16%, FXS at 8%, and DOGE, with an increase of 6%, according to the data from CoinMarketcap. 

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

Bitcoin, the largest cryptocurrency, has hit a major resistance level of $29,159.90 in the past week, sparking excitement amongst traders as it inches closer to the coveted $30,000 threshold. 

BTC 7D graph coinmarketcap 7BTC 7D graph coinmarketcap 7
Source: CoinMarketcap

Despite facing multiple hurdles, Bitcoin has displayed remarkable resilience in recent times, consistently attempting to set new local all-time highs. This impressive performance was in sharp contrast to market predictions at the end of last year when many observers anticipated a steep drop to $10,000 following the collapse of FTX. 

As it turns out, Bitcoin has defied expectations, closing out Q1 2023 with a remarkable surge of over 70%, marking its best quarter in two years. According to Santiment, there also has been a significant increase in the number of addresses holding ten or more Bitcoins, with a staggering rise of 10,279, or a 7.1% increase, since February 2022. 

Although the overall percentage of available Bitcoin held by these wallets has remained relatively stagnant, the actual amount is quickly closing in on the all-time high recorded in September 2019.

Ethereum, the second most valuable cryptocurrency, has faced a similar fate to Bitcoin but has seen a slight increase in value over the past week. It recently reached a key resistance level of $1,844.68. 

ETH 7D graph coinmarketcap 8ETH 7D graph coinmarketcap 8
Source: CoinMarketcap

Lately, there has been a battle between buyers and sellers for Ethereum’s price, with buyers looking to surpass the significant resistance level of $2000 and sellers resisting. 

Ethereum’s upcoming upgrade, the Shanghai upgrade, is set to launch on April 12, 2023, and is expected to significantly impact the cryptocurrency’s price, potentially pushing it above $2000.

According to the data from CoinMarketCap, Bitcoin is currently trading at $28,044.81, with a 1.02% growth over the past seven days but a 1.73% decrease in the past 24 hours. While ETH is trading at $1,786.93, experiencing an increase in the last seven days and a 2.03% decrease in 24 hours.

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Crypto prices steady, Arbitrum DAO drama and what’s coming down the line in markets

https://www.theblock.co/post/224434/crypto-prices-steady-arbirtrumdao-drama-whats-coming-markets?utm_source=rss&utm_medium=rss

Crypto prices shrugged off the Commodity Futures Trading Commission’s case against Binance early in the week as bitcoin clocked its best quarter since 2021.

Bitcoin was trading at $28,200, up about 2.6% over the past week, according to Coinbase data via TradingView. The first quarter of the year saw bitcoin jump more than 70% as risk assets rallied, leading to its best quarter since the first of 2021. 

Binance and CEO Changpeng Zhao are being sued by the CFTC for allegedly violating federal laws and not registering the exchange in the U.S. The regulator’s move caused crypto prices to dip at the top of the week before shrugging off the news. The BNB coin fell about 3% to $314 over the past week.

Ether was up about 3.2% over the past seven days, trading around $1,800. Ripple’s XRP added around 18% following news from its case with the SEC, although a verdict is still some time off. Cardano’s ADA added over 8%, and dogecoin jumped 7.5% in the same period.

DAO-rama

The price of ARB fell to $1.18, down 7.2% over the past 24 hours, according to data via CoinGecko.

The drop followed the news that the Arbitrum Foundation had begun selling ARB tokens for stablecoins before the community had formally ratified its budget. 

 
"The Arbitrum Foundation set aside nearly $1 billion worth of ARB tokens and utilized some of it before its governance proposal was ratified without disclosing how the tokens were utilized," Eden Au, a research director at The Block Research, said.
 
This left the community to speculate whether the foundation had sold some of its tokens before voting, he said.
 
Arbitrum’s long-awaited airdrop went live on March 23 with governance tokens given to users of the Ethereum Layer 2 scaling solution. Over one billion ARB tokens were allocated to nearly 300,000 wallets, creating a decentralized autonomous organization, the ArbitrumDAO. 

What’s coming up

With the first quarter of 2023 over and done with, several key economic indicators lie ahead in April for the U.S. Traders and the Fed will keenly watch next Friday’s U.S. jobs report. Any signs of a softening labor market could impact interest rate expectations. 

Inflation data for March on April 12 will also prove pivotal to any potential Fed pivots or pauses. An advanced estimate of first-quarter GDP will be released on April 27. 

There’s no Fed decision in April, with the next FOMC interest rate decision expected on May 3. The CME’s FedWatch tool shows markets are split on whether the Fed will pause or increase by 25 basis points again. 

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Arbitrum sells tokens amid 77% disapproval, claims DAO governance ‘working as intended’

https://www.theblock.co/post/224444/arbitrum-sells-tokens-aip1?utm_source=rss&utm_medium=rss

Questions are being asked on a Sunday regarding Arbitrum’s governance after its centralized, self-titled foundation sold ARB tokens before the conclusion of a key governance vote, rendering the democratic process essentially moot.

The "special grants" program sees the Arbitrum Foundation receiving 750 million ARB governance tokens — worth nearly $1 billion — to spend without the expressed approval of token holders.

Rebranding the keystone Arbitrum Improvement Proposal’s vote as a "ratification," the Arbitrum Foundation nonetheless claims "decentralized governance is working as intended" via both the official Arbitrum Twitter account and a lengthy governance forum post.

It also claimed it did not sell 50 million governance tokens but rather allocated 40 million "as a loan to a sophisticated actor in the financial markets space" and converted 10 million to fiat for "operational costs." Prominent market maker Wintermute confirmed it is the former via retweet.

Free governance responsibilities (kind of)

The debacle follows the high-profile airdrop of Arbitrum governance tokens to users of the Ethereum Layer 2 scaling solution last week, which saw more than one billion ARB tokens allocated to nearly 300,000 wallets — creating a so-called decentralized autonomous organization, ArbitrumDAO.

Token holders and the wider crypto community have taken to Twitter to voice concerns (and jokes) over the apparent lack of decentralized autonomy. A wider theme is that some aren’t buying the Arbitrum Foundation’s lengthy argument, claiming it’s merely a lot of words to say, "we sold."

The Arbitrum Foundation, however, claims this is merely a "chicken and egg problem," as "certain parameters need to be decided" before truly decentralized governance may be reached. It also claims the massive "special grants" combats "voter fatigue" and are crucial to the project’s viability against the competition.

AIP-1 is currently slated to fail, with more than 77% of the total vote against its passing, as of 3:00 p.m. EDT.

The price of Arbitrum’s governance token declined by 8% over the past 24 hours.

Disclaimer: Evgeny Gaevoy, the founder and CEO of Wintermute, sits on The Block’s board of directors and holds an equity stake in the company.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Why Vitalik Buterin is bullish on ZK coins

https://www.fxstreet.com/cryptocurrencies/news/why-vitalik-buterin-is-bullish-on-zk-coins-202304020845

Share:

  • Vitalik Buterin addresses Ethereum’s interaction with ZK EVMs, technical challenges, trade offs and solutions for creating a multi-client ecosystem. 
  • The Ethereum co-founder believes the ZK ecosystem could evolve to become an essential part of the altcoin’s Layer 1 security. 
  • The ZK coins narrative becomes relevant with Vitalik’s comments on its importance in the Ethereum ecosystem. 

Vitalik Buterin, the co-founder of Ethereum addressed technical challenges involving security and scalability on the altcoin’s blockchain in a recent blog post. Buterin explained how Zero Knowledge Ethereum Virtual Machine (zkEVM) protocols could help enhance Layer 1 security in the long term. 

Buterin’s comments indicate ZK projects and their native tokens could witness a boost in utility in the short-term, and likely fuel a bullish sentiment among holders. 

Also read: Arbitrum Foundation plans to steal $750 million via AIP-1?

Vitalik Buterin sheds light on ZK rollups and their importance in Ethereum

Vitalik Buterin, the Ethereum co-founder explained how Ethereum’s multi-client philosophy interacts with ZK EVMs. Buterin explains the technical challenges, trade-offs and potential solutions involved in the creation of a multi-client ecosystem. 

The Ethereum co-founder believes that ZK-EVMs will become an essential part of Ethereum’s Layer 1 security and verification process in the future. ZK technology offers developers the chance to prove the authenticity of a transaction or message without revealing any additional information. Thus making ZK protocols key to Ethereum’s ecosystem. 

ZK coins narrative heats up

Leading ZK coins like Polygon (MATIC), ImmutableX (IMX), Loopring (LRC) and Zcash (ZEC) have yielded gains to holders over the past week. With the ZK coins narrative heating up, tokens of key projects in the ecosystem are rallying. 

ZK coins 

Buterin’s comments on ZK coins could fuel the narrative and likely a bullish sentiment among holders of ZK tokens like MATIC, IMX, LRC, ZEC and AZERO. 

zkSync Era faces block production failure, resumes with increased TVL

https://ambcrypto.com/zksync-era-faces-block-production-failure-resumes-with-increased-tvl/

  • zkSync Era experienced block failure just over a week after its launch.
  • The team resolved the issue in five minutes, introduced alerts, and plans to decentralize the platform while TVL surges.

The much-anticipated launch of the ZkSync Era on 24 March was expected to revolutionize Ethereum transactions by introducing a new dimension. However, over a week after its debut, the zero-knowledge platform experienced a hiccup when it failed to generate blocks for a few hours.

Zero knowledge with zero blocks

As of 1 April, which marked eight days since the zkSync Era was launched, there were reports that the L2 platform ceased generating blocks.

The zkSync Era Block Explorer transaction data indicated that from 01:52 AM CET to 6:02 AM CET on 1 April no blocks were created on the mainnet blockchain of zkSync Era.

zkSync Era block failure stats

Source: explorer.zkync.io

Blockchain networks experiencing block production failures are not new, as demonstrated by the recent block failure on the Avalanche network.

However, the situation with zkSync Era drew attention due to the short period between its launch and the block failure. It is worth noting that the network was still in alpha, which the team acknowledged in their response.

Reasons, fixes for the block failure

As per the zkSync Era team’s statement, the block queue database malfunctioned, suspending the block production. Unfortunately, the health alert for the database was not activated as it could not connect to collect metrics. However, the API was functioning normally which explains why the alerts were not triggered.

The team has confirmed that they resolved the failure within a five-minute timeframe. They introduced alerts that will notify when the monitoring agent malfunctions or cannot set up a connection to collect metrics.

The team also stated they had implemented other solutions to address the issue. However, they admitted that the ultimate solution would be decentralizing the platform.

zkSync Era resumes normal activities 

As of this writing, regular activities resumed on the network following the block production downtime. Despite the temporary setback, the L2 solution maintained its position among the top three L2 networks, as reported by L2Beat.

According to data from Oklink explorer, the network facilitated nearly 9,000 transactions, with over 4,000 addresses registered on the platform and eight active addresses.

Furthermore, based on data from DefiLlama, zkSync Era has been experiencing an upward trend in its Total Value Locked (TVL). As of this writing, TVL reached $41.32 million, reflecting a 17.15% increase within the last 24 hours.

zkSync Era TVLzkSync Era TVL

Source: DefiLlama

Ethereum Layer-2 Scaling Solution ‘zkSync Era’ Back Online Post Outage

https://thenewscrypto.com/ethereum-layer-2-scaling-solution-zksync-era-back-online-post-outage/

  • On April 1 between 1:52 AM and 6:02 AM CET, no blocks were generated on the mainnet.
  • The zkSync Era mainnet resumed regular block production after a four-hour outage.

As no blocks were created on the Layer-2 blockchain on Saturday, zkSync Era was unavailable for more than four hours. One of the primary Ethereum Layer-2 scaling options compatible with Ethereum Virtual Machine (EVM) is zkSync Era, which debuted its mainnet on March 24 and is based on zero-knowledge proof roll-up (zk-Rollup).

ZkSync Era Block Explorer shows that on April 1 between 1:52 AM and 6:02 AM CET, no blocks were generated on the mainnet blockchain. Pending zkSync Era transactions have been reported by many individuals who say the blockchain was down.

Back Online After 4 Hours

The problem was not addressed on the official Twitter accounts for zkSync, Matter Labs, or any of the other related companies. The zkSync team later acknowledged the mainnet outage plaguing the zkSync Era and said that they are actively trying to rectify the situation.

The group has requested that users hold off on making any new transactions until the mainnet is back up. The zkSync Era mainnet resumed regular block production after a four-hour outage, as seen by the Block Explorer.

The zkSync Era mainnet alpha was released by Matter Labs on March 24, making it the first zkEVM mainnet to deploy ahead of rivals’ EVM-compatible solution. Polygon’s zkEVM mainnet beta went live on March 27.

ZkSync Era bolsters native account abstraction — enhanced ERC-4337 account abstraction, LLVM compiler, data compression, and Hyperscalability, in addition to facilitating quicker and cheaper transactions.

The zkSync team is still monitoring, auditing, and evaluating vulnerabilities and hazards, thus the era is not yet entirely decentralized. Nevertheless, the Alpha designation will be removed shortly.

Recommended For You:

ZkSync Introduces Era Public Mainnet

3 reasons why Ethereum price can reach $3K in Q2

https://cointelegraph.com/news/3-reasons-why-ethereum-price-can-reach-3k-in-q2

Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains.

ETH price nears potential breakout

The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stricter U.S. regulations.

In doing so, ETH/USD has painted an ascending triangle, confirmed by its rising trendline support and horizontal level resistance. The pattern suggests aggressive buying as lows get steadily higher while highs stay around the same level, indicative of a higher selling pressure at the given level. 

As of April 2, ETH’s price is testing its horizontal level resistance range ($1,700-1,820) for a potential breakout move.

ETH/USD three-day price chart featuring ‘ascending triangle’ bottom setup.

A breakout will be confirmed if the price closes above the resistance range while accompanying higher volumes. Furthermore, the ascending triangle breakout target is measures with the length equal to the triangle height.

In other words, the bullish ETH price target is in the $3,350-3,900 range, depending on where traders see the triangle’s rising trendline support, as shown by the T1 and T2 in the chart above. This would be suggest 80% gains by June 2023.

Conversely, a pullback from the $1,700-1,820 range risks delaying the upside setup, and resulting in a broader price correction.

Ethereum whale accumulation remains strong

From an on-chain perspective, Ether’s short-term and long-term trends look skewed toward the bulls.

Most Ethereum whale cohorts have increased their ETH accumulation in recent weeks, according to the latest data from Santiment. For instance, the supply of Ether held by addresses with a 1,000-10,000 ETH balance (blue in the chart below) has grown by 0.5% in March.

Ether supply distribution among investors holding at least 1,000 ETH. Source: Santiment 

Similarly, the 1 million-10 million ETH (brown) and the 10 million-100 million ETH balance cohorts have witnessed 0.4% and 0.5% rises, respectively. 

The growth appeared amid what appears to be the absorption of selling pressure introduced by the 100,000-1 million ETH (pink) and 10,000-100,000 ETH (orange) address cohorts.

At the same time, the growth could attributed to the network’s proof-of-stake contracts — directly or by using third-party stakers such as Lido DAO (LDO).

Ethereum 2.0 total value staked [in ETH]. Source: Glassnode

The net Ether deposited at the official Ethereum 2.0 address crossed above 18 million ETH after rising about 3.5% in March.

Related: Analysts debate the ETH price outcomes of Ethereum’s upcoming Shapella upgrade

The deposits have grown ahead of Ethereum’s Shanghai and Capella upgrades on April 12, which would enable stakers to withdraw ETH from the PoS smart contract. Currently, this is not possible.

MVRV Z-Score: Ethreum price bottom reversal

More bullish arguments stem from Ethereum’s MVRV Z-Score entering a stage that has previously preceded long-term ETH price rallies.

Ethereum MVRV-Z Score. Source: Glassnode

The MVRV Z-Score assesses when Ethereum is overvalued and undervalued relative to its “fair value.” As a rule, the MVRV Z-score indicates a market top (red zone) when market value rises above realized value, while the opposite indicates market bottoms (green zone).

Ether’s previous price recoveries coincide with its MVRV Z-Score bouncing from the green zone, suggesting the same could happen over the next three months.

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.

Arbitrum’s first governance proposal sparks controversy with $1B at stake

https://cointelegraph.com/news/arbitrum-s-first-governance-proposal-sparks-controversy-with-1b-at-stake

A proposal to fund the Arbitrum Foundation with 750 million ARB tokens — nearly $1 billion — raised controversy in the ARB community over the weekend, as the Foundation announced that it was only ratifying a decision that had already been made. 

The conflict comes after a few days the layer-2 protocol airdropped its governance token.

According to the AIP-1 proposal on Arbitrum’s DAO, the 750 million tokens would be used to cover “Special Grants, reimbursing applicable service providers […] and covering ongoing administrative and operational costs of The Arbitrum Foundation.”

Among tokens holders, over 70% are against the move at the time of writing.

Screenshot: AIP-1: Arbitrum Improvement Proposal Framework. Source: Arbitrum DAO. 

After facing backlash from community members, the Foundation said in a forum post on April 2 that AIP-1 was a ratification, not a proposal. It also noted that part of the tokens were already sold for stablecoins. In other words, its billionaire budget and allocations would not be subject to an on-chain governance process.

The Arbitrum Foundation claims the symbolic first governance attempt failed due to communication problems and decisions that were “clearly not articulated correctly”:

“One of the mistakes in the drafting of AIP-1 was a failure to note at the outset that this proposal was intended to act as a ratification of the initial setup of both the Arbitrum DAO and the Foundation that has been created to serve the DAO. […] the point of AIP-1 was to inform the community of all of the decisions that were made in advance.”

Commenting on the governance forum, members of the community pointed out that Arbitrum’s team “has been dumping tokens that were initially informed to the community as locked tokens,” claiming that “all tokenomics page shows only User airdrop + DAO airdrop tokens as unlocked” with remaining “tokens to unlock in March 2024.”

Others highlighted that under the United States securities laws, the anticipated sale would be considered fraud, and that U.S. citizens who have bought ARB tokens or claimed the airdrop “are eligible for legal remedies.”

“I will be pursuing this with my lawyers and expect to file a securities fraud lawsuit in the next few days. […] Immediately, the Arbitrum Foundation is advised to halt all illegal sales of the token that are being done without any authorization and against the provisions of the law,” said a community member.

Arbitrum’s blockchain holds 65% of the Ethereum layer 2 market share, shows data from the layer-2 analytics site L2Beat. The highly anticipated launch and airdrop of its native governance token took place on March 23, with hundreds of thousands of eligible users and DAOs claiming ARBs. Overwhelming user demand led the airdrop claim page to crash shortly after its launch, Cointelegraph reported. 

Top Analyst Forecasts Ethereum (ETH) Short Squeeze, Says Crypto May Play Catch Up To Stock Market

https://dailyhodl.com/2023/04/02/top-analyst-forecasts-ethereum-eth-short-squeeze-says-crypto-may-play-catch-up-to-stock-market/

A closely followed crypto analyst believes Ethereum (ETH) could be gearing for a rally en route to liquidating traders who are bearish on the leading smart contract platform.

In a new blog post, Justin Bennett says that the S&P 500’s (SPX) rally on Friday could hint at the short-term performance of the crypto markets.

According to the analyst, crypto tends to follow in the footsteps of the stock market but there appears to be lag between the two asset classes. Bennett adds that should crypto take cues from equities, he sees Ethereum taking out resistance at $1,840.

Bennett says an Ethereum breakout could trigger a short squeeze as he notes that there’s a “significant cluster” of short liquidations up the the $2,000 price level for ETH.

A short squeeze happens when large numbers of traders who shorted an asset decide to cut their losses in response to an unexpected price bump. The squeeze then triggers additional rallies.

Says Bennett,

“That could be telling, as cryptocurrencies like to target these areas, and $2,030 is the August 2022 high. Far more long liquidations are below current levels, but proximity matters, so the short liquidations up to $2,000 may influence ETH in the short term.” 

Source: Justin Bennett/DailyPriceAction

However, Bennett says that the clock is ticking for crypto and Ethereum. According to the trader, the Ethereum short squeeze must happen in the coming days. Otherwise, he says that the rally may not materialize at all.

“But I’d like to see crypto play ‘catch up’ to equities sooner rather than later if this is to materialize.

If we don’t see ETH flush these shorts in the next few days, it’s less likely to occur.” 

At time of writing, Ethereum is trading for $1,818.

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The post Top Analyst Forecasts Ethereum (ETH) Short Squeeze, Says Crypto May Play Catch Up To Stock Market appeared first on The Daily Hodl.

I asked ChatGPT Ethereum’s [ETH] higher purpose, it said…

https://ambcrypto.com/chatgpt-ethereum-price-prediction-2/

The first quarter of the new year brought a stop to the heartbreak investors repeatedly experienced in 2022. But the balance in the crypto market has been nothing close to the AI hype of the same period. And the sole reason? ChatGPT! Yes, the natural language processing tool has accustomed itself to providing human-like conversations.

As luck would have it, ChatGPT has proven to be worthwhile. And these days, almost every sector and individual seem to use it to their advantage.

The good thing is— the broader crypto ecosystem has not been left out of the trend. So, with the Ethereum [ETH] Shanghai upgrade already set for activation, I decided to speak to ChatGPT about the development while touching a bit on the ETH price.

Understanding what’s Shanghai

So, for this article, I decided to test the AI’s intelligence regarding one of the major upgrades of the crypto space this year – Ethereum’s [ETH] Shanghai Upgrade.  Proposed in 2022, the upgrade is the most significant development of the second-largest blockchain after the Merge.

For a while, assets had been allocated to the Ethereum Beacon Chain. The Beacon Chain is the consensus mechanism for the 2022 Proof-of-Stake (PoS) transition. Thereby, making sure that newly created blocks and validators are duly rewarded.

But, in this case, each validator needs 32 ETH deposited into the Ethereum Mainnet to qualify. The idea of the Shanghai upgrade was scheduled for March 2023, but it has already been pushed forward to 12 April. This, to allow these validators to begin withdrawal of their rewards.

ChatGPT, on the other hand, has been existing for some years. However, its recent push by OpenAI has shown that its ability is one that no other AI product may be able to match up with.

Here’s where it gets interesting. I openly admit that ChatGPT could be one of the best innovations of this decade. However, my views on this incredible development won’t allow me to keep my hands to myself. So, I decided to test its knowledge about the Shanghai upgrade. Trust me, you will be amazed at its response.

Source: ChatGPT

Looking at its response above, it’s evident it started by correcting me. Some would say it has a point too. However, a further evaluation showed that it acted like it was not yet in 2023. Notably, it made some errors with the definition.

Apologizing for the Merge?

A notable observation is its mention of the PoS switch, popularly called the Merge. This is an event that took place in September 2022. Even so, it still responded like it is a future event. But no, I’m not blaming its capability as it is a learning tool. So, to further assess its knowledge, I educated it or shall I say “jailbreak-ed” it by having a heart-to-heart conversation.

Something I find interesting about ChatGPT is not only its smartness, but its human feel too. As shown below, I tried to educate it on what the upgrade was. And to be honest, I never expected an apology from a bot. But yes, I got it.

Source: ChatGPT

However, it again failed to give the correct answer to my inquiry. Although I must applaud it for giving bits and pieces of related information.

While it did not get to the Testnet stages that the blockchain had reached and passed, it is worth noting that the Sepolia and Goerlii Testnets have been forked. However, Ethereum developer Tim Beiko had on 14 March said that several validators have failed to upgrade on the Beacon Chain.

And, this has caused some issues with the nodes on Georli, with Beiko noting that the development team is working on it so it does not affect the Mainnet upgrade.

Now, let’s get back to ChatGPT. As you probably know, developments in the crypto-ecosystem sometime lead to a hike in tokens related to projects. Unfortunately, that was not the case for ETH during the Merge. In fact, the altcoin’s price was shredded after many looked forward to an uptick.

The sentiment, as the next upgrade approaches, is similar among some investors. In light of this, I decided to ask ChatGPT’s opinion about the matter.

Here’s what it thinks of ETH’s price

Remember how I said it apologized and gave me a human-like feel? This time, it was different and its reply was something any honest person in the space would give.

As the popular saying goes— Not financial advice, ChatGPT advised caution and gave instances where price action depends on several underlying factors. This is one part that, to me, the AI seems to have perfected.

Source: ChatGPT

However, this was not the response I was expecting. From the reviews I saw online, I believe that ChatGPT should be able to give me an exact figure. If it can’t do that, then maybe it should be able to give a price range, or at worst an idea if the price would be bullish or capitulate.

So, my determination made me dig deep as I tried to jailbreak it. To do that, I decided to go with the “Do Anything Now” (DAN) model. This was a trick I discovered from AI writer SM Raiyyan.

In this jailbreaking process, ChatGPT is expected to give a response to my command and if possible ditch its excuse of not being able to predict the future. Then again, I asked ChatGPT, “what will be the price of Ethereum by December 2023?”

And voila! I got a jailbroken response. Here’s what it said.

Source: ChatGPT

As you can see from the jailbroken response, it still declined to give me a value for the ETH price. But I must admit that it exaggerated its response. However, the bot’s answer projected a possible bullish ride for king alt in the future.

As of this writing, ETH had gained 3.80% in the last seven days, while it exchanged hands at $1,830. But on comparing the historic market movements to the recent market trend, the Awesome Oscillator (AO) showed that the bulls and bears were exchanging periods to drive the momentum. 

However, indications from the Direcional Movement Index (DMI) revealed that buyers still had the upper hand. In any case, the DMI might require the Average Directional Index (ADX) at 24.48 to rise above to 25 to extend the short-term bullish control.

Source: TradingView

Finally! It showed me the code

So, I gave ChatGPT a last chance to redeem itself. Again, this question was a simple one and I expected an accurate answer. I went further to explain things to it carefully. But, here is what I got when I asked it to show me the code of ETH’s price on a price tracking platform like CoinGecko or CoinMarketCap.

If you had thought it would disappoint again, sorry to burst your bubble. ChatGPT gave me the code for ETH’s price. Another thing I was impressed with was the disclaimer it gave about not using the information for investment purposes.

Source: ChatGPT

All in all, I must admit that ChatGPT has come to stay. Even though it lags in some areas, I noticed that if you teach it, it learns very fast. However, I can’t say for sure that it would get you information about Ethereum or the Shanghai upgrade quickly.

Thoughtful responses and the GPT-4 mastermind?

Since I had limited knowledge about AI, I decided to speak to an expert. I was lucky enough to get the attention of Ilman Shazhaev, CEO and founder of Farcana. He is a Dubai-based techpreneur with extensive experience in launching IT and DeepTech projects. Has a strong background in IT management, data science, and AI.

Q- ChatGPT seems to be giving a few incorrect or backdated answers. What do you think could be responsible for this?

Despite its tag as a know-all Artificial Intelligence tool, ChatGPT is still a human invention and, therefore, prone to errors. The chatbot is still in its early stages of adoption, so incorrect responses are imminent and bound to serve as a basis for future developments. With the recently launched GPT-4 showing more advanced responses, we can be sure that improvements are being made and that this tool will be more consistent moving forward.

Q- Do you think the AI is capable of predicting a cryptocurrency’s price, especially if a development is approaching? Let’s say the Ethereum Shanghai Upgrade

Artificial Intelligence can do anything, including predicting a cryptocurrency’s price. The tool can do this by riding on the tons of available data, which it can efficiently use as a basis for its predictions.

Still, while predicting the price of crypto is one thing, the accuracy of the prediction is another. Considering the fact that AI can only use data, there are fundamental factors and analyses that it may not be able to factor in, thus impairing its accuracy by a significant factor.

Q- If it struggles to give correct responses to up-to-date developments. How long do you think it would take to learn about it?

AI development and what ChatGPT embodies is a dynamic innovation that is bound to improve over time. With the current advancement in OpenAI and the available funding level, we can expect the technology’s evolution to produce real-time results in the next 3-5 years.

Q- Do you think AI in any way can influence the Ethereum blockchain or ETH’s price going forward?

There are many aspects through which AI and a blockchain protocol can co-exist, and innovators, including our team at Farcana, are exploring what new use cases we can build in this regard. While AI and blockchain are independently innovative, their combination can do quite a lot, including influencing ETH’s price.

Meanwhile, OpenAI may be working on improvements to the challenges experienced by ChatGPT.  On 14 March, the company revealed an upgraded version of the product in GPT-4. With amazing capabilities and talks of passing difficult exams, who knows? Maybe it could fill in for all the lapses opened up by ChatGPT.

So, now that there is a new version, I wanted to see if there is any difference or improvement. My next line of action was to ask GPT-4 the first question I asked ChatGPT.

And to my surprise, it gave me a direct answer.

Source: ChatGPT

Following my experience with the upgraded version, I must admit that GPT-4 seems to be smarter than the ChatGPT-3.5 model. Although the answers were not entirely correct, the bot did not give a “not being familiar” with the term excuse.

Following the encounter with ChatGPT, I must admit that it may be a good idea to leverage its capabilities. As the technology develops, so does its potential to revolutionize the cryptocurrency ecosystem. 

More importantly, you may want to take its “classic” response a little seriously. This is because it might be practically impossible for ETH to replace the U.S. Dollar as the world’s reserve by the time frame.

Besides that, there has been a slow rate in the network growth of several crypto projects recently. But with ChatGPT available, crypto education and adoption could improve.

Shiba Inu (SHIB) Price Prediction 2025-2030: Did the burn spur SHIB prices

https://ambcrypto.com/shiba-inu-shib-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. 

There is mild but consistent growth in the total number of Shiba Inu (SHIB) tokens being burnt as the price of the meme coin takes a breather. Over 5.2 million SHIB tokens have been burnt over the past 24 hours. Shiba Inu has been on a rampage for the better part of the week.

Despite the launch of the much-awaited Shibarium L2,  whale trading activity continues to decline.

SHIB Its price is now making a mild correction and currently trading at $0.00001061, down by 1.7% over the past 24 hours. Shiba Inu has continued to maintain its position as the second largest meme coin after Dogecoin (DOGE).

The lead Shiba Inu developer Shytoshi Kusama had earlier promised that Shibarium would not only serve as a Layer 2 platform for Shiba Inu ecosystem members, but would also attract members of the broader crypto community. Built on the Ethereum blockchain, Shibarium is expected to bring a lot of attention to meme coins. 

The Shiba Inu token took a massive hit in the wake of the Silicon Valley Bank collapse. The token tumbled down the price chart but has been trying to recover.


Read Price Prediction for Shiba Inu [SHIB] for 2023-24


That being said, the arrival of Shibarium might potentially mark a new era for Shiba Inu. One in which it moves from being just a meme cryptocurrency to being a platform that offered genuine utility. Just last week, the project announced the public beta launch of Shibarium, a launch that is expected to push SHIB’s price in the future.

Shiba Inu was founded in 2020 by an anonymous techpreneur. Elon Musk and Vitalik Buterin, both tech billionaires, have praised the project. Shiba Inu has been successful in attracting people who missed the Dogecoin craze previously.

Investors seeking to join the joke have increased the popularity of memecoins, which are not supposed to be taken seriously.

Shiba Inu has been known to be a disrupter when it comes to management and operations. The enterprise began with a supply of one quadrillion; its founder Ryoshi first locked 50% in Uniswap and then burned another 50% to Vitalik Buterin, the founder of Ethereum. We are yet to know why this step was taken.

Later in 2021, Buterin burned 90% of his Shiba Inu holdings and donate the rest to charities. He had earlier donated SHIB tokens worth $1 billion to a COVID-19 relief fund for India, CryptoRelief. He said that this was the only way he could avoid his transactions in Shiba Inu being read as actions.

Buterin’s decision to burn his holdings, nearly 50% of the Shiba Inu coins in circulation, effectively put them outside the purview of the market since these coins are now stored on an inaccessible public address. Ryoshi thanked Buterin for his contribution to creating a decentralized financial system.

Buterin has also praised the Shiba Inu community for supporting different initiatives such as the Fellows in AI Existential Safety.

The platform also supports the Shiba Inu Incubator, facilitating a large group of creative digital artists who bring forth an experience of what feels like a decentralized movement. The NFT project gives support to artists in the creation, exhibition, promotion and auction of their artworks, besides providing them with other streams of income.

In August 2022, the Shiba Inu Ecosystem announced on Twitter the name of the Shib CCG game, Shiba Eternity. It also revealed that the game would be available on both Google PlayStore and Apple AppStore. On 17 September, the game was launched in Australia and plans to venture into other countries. 

The community is also involved in rescuing real Shiba Inu dogs through its association with the NGO named Shiba Inu Rescue Association.

Skeptics are unsure of the future of cryptocurrency and memecoins in particular. While the mainstream cryptocurrencies projected themselves to be the alternatives to fiat currencies, memestream cryptocurrencies such as Shiba Inu were only poking fun at the former’s claims. 

But as these memecoins got popular, they didn’t go in the direction of developing use cases of the currency. That wasn’t the intention either, neither did the community expect such a popularity in the growth of memecoins. There are, however, a number of merchants today in the US accepting Shiba Inu as a payment method.

Another factor affecting the growth of the Shiba Inu currency is the huge number of crypto whales selling the memecoins. As per a report, whales at one point of time held $1 billion worth of SHIB coins. However, they keep selling and burning the currency from time to time, and now they hold barely a fraction of that amount. 

The second quarter of 2022 proved to be a bloodbath for the entire cryptocurrency industry as Terra Luna, FTX and several crypto projects failed in the year. The banking crisis following the collapse of the crypto-friendly Silicon Valley Bank (SVB) also impacted SHIB’s performance.

Why these projections matter 

As is evident, a sense of community is crucial to the growth of SHIB. Whether it is their demand to get it listed on Robinhood or asking McDonald’s to accept it as a mode of payment, the community has always rallied around the growth of SHIB.

It has also become home to a huge community of NFT artists who focus on the Shiba Inu breed of dogs in their artworks. 

“Rather than simply dismissing the hype outright, it’s important to realize that what we’re seeing is the mass movement of traders new to crypto moving into the space,” said Ben Caselin, Head of Research and Strategy at AAX. He added, “SHIB coin is a meme coin and embraces that.”

In this article, we will give an overview of the key performance indicators of SHIB such as price and market cap. We will then share with you what most popular crypto-analysts have to say about the future of this meme coin. This information will be complemented by data charts for a better understanding of the trajectory of SHIB so far and later. 

Shiba Inu’s Price, Market Cap, and everything in between

During the crypto-bloom of 2021, SHIB’s price continued to soar and hit 0.00003503 in mid-May. Its price further rose by over 34% when it got listed on the crypto-exchange Coinbase in September 2021. 

When the Shiba Inu community clamored to get the cryptocurrency listed on Robinhood Markets Inc., its price soared to an ATH of $0.00008845 in late October 2021. The altcoin, however, was not listed on the exchange before April 2022. At that point in time, it even dislodged Dogecoin to become the most-valued meme coin by market capitalization. The surge also led to its mass adoption by many cryptocurrency enthusiasts. 

As the cryptocurrency market crashed during Q2 of 2022, SHIB’s market price also continued to fall. From its April 2022 price of 0.000026, it fell to a little below $0.000008 by mid-June 2022. Since then, it hasn’t performed any better, sitting at $0.00001009 at press time. 

SHIB’s price has plunged again but has been trying to recover. At press time, the meme coin was trading at $0.00001124 with a market cap of $6,586,869,163 and a 24-hour trading volume of $383,740,846.

Source: SHIB/USD, TradingView

However, one cannot disregard the fact that along with DOGE, SHIB has been responsible for a flood of meme-coins in the cryptocurrency market such as Bit Shiba, King Shiba and Baby Doge. 

Shiba Inu Coin’s 2025 Predictions 

Before reading further, we must understand that market predictions of different analysts widely vary. A good number of times, these predictions will prove to be wrong as analysts cannot always foresee events such as political or environmental crises. It is wise that an investor conducts their own research before investing in a cryptocurrency, especially in something as volatile as SHIB. 

A Changelly blogpost says that after studying the SHIB prices and market fluctuations, experts predict that SHIB could hit as high as $0.0000440756 and as low as $0.0000366063 in 2025. Its average price is expected to remain at $0.0000376362.

Telegaon writes that according to some crypto experts, the Shiba Inu Coin price can hit a new ATH in 2025. They predict the minimum and maximum prices of SHIB this year to be $0.00009839 and $0.0001928, respectively. Its average price is predicted to be around $0.0001152.

As per DigitalCoinPrice, the minimum and maximum prices of SHIB in 2025 will be $0.0000312 and $0.0000381, with its average price remaining at $0.0000356.

Shiba Inu’s 2030 Predictions 

The aforementioned Chanelly blogpost writes that SHIB could hit as high as $0.0002908409 and as low as $0.0002463454 in 2030. Its average price is expected to remain at $0.0002532547

Telegaon writes that SHIB’s price can hit as high as $0.00112 and as low as $0.0009354 in 2030. Its average price in the said year however will be $0.0009915. 

The post adds that if users burn enough tokens, a cryptocurrency’s acceptance is bound to increase. But we should understand that for this purpose, it has to have different use cases. 

The aforementioned DigitalCoinPrice article predicts that SHIB’s average price in 2030 will be $0.000108. Its minimum and maximum prices for the year will be $0.000103 and $0.000111.


Are your SHIB holdings flashing green? Check the profit calculator


Fear & Greed Index

Source: CFGI.io

At the time of writing, SHIB’s Fear and Greed Index was in the ‘neutral’ position.

Conclusion 

Shiba Inu Coin has continued to grow, hand in hand with the token burns. However, as its supply decreases and demand increases, its price should rise. Ideally. In fact, many investors have become millionaires by investing in this meme coin. 

Shiba Inu has a lot of promising possibilities that will keep pushing the market. What also works in its favor is its extremely low price, which is why a lot of people keep buying it. 

Shibarium, the platform’s Layer 2 protocol, has been launched. It will allow users to move assets with minor gas fees, facilitating micro transactions over Shiba Inu-based dApps. The team has deployed a host of new and innovative developers to build the UX/UI of its platform and web portals as a part of the same process. 

The launch of Shibarium will be accompanied by the launch of the TREAT token. It will be used as a reward token on Shiba Inu-based metaverse and games such as the Shiba Collectible Card Game. A limited supply of these coins is reserved for its most loyal Breed members who have been working for years to build public confidence in the entity. The team has also been contemplating launching SHI, a stablecoin; but no concrete information about this coin is there so far.  

In January 2022, Shiba Inu Ecosystem announced the arrival of Shiberse, the native metaverse of the Shiba Inu community. As digital coins, games, virtual land and memes populate the Shiberse, it is bound to get popular among an audience that is keen to explore a brave new world beyond the confines of time and space. 

The same month, the group tweeted the news about Shiba Eternity, a collectible card game. The game has been developed in close collaboration with the legendary AAA game development studio PlaySide Studios. 

What the enterprise is certain to face is a challenge in this space from Big Tech metaverse ventures such as Yuga Labs’ Otherside and Zuckerberg’s Meta. It is difficult for an independent community such as the Shiba Inu Ecosystem to sustain the might of Big Money and Big Tech. The only way it can gain an edge in this segment is by introducing revolutionary ideas in the metaverse, gaming and NFT segments. So far, we haven’t seen anything new. 

In October 2022, Elon Musk announced the launch of a fragrance that can be bought with SHIB, besides PayPal, Google Pay, DOGE and regular bank cards. As cryptocurrency is accepted in collaboration with BitPay payment processor, payments in SHIB are also possible. 

The same month, Google Cloud and Coinbase made an announcement about their relationship for Web 3.0 development initiatives. A select group of clients will also be able to pay for these services using SHIB and other cryptocurrencies. We’ll have to wait and see if the decision is implemented and if other businesses decide to follow suit.

Shibarium’s imminent launch suggests that the Shiba Inu team looks serious about being more than another memecoin, something also indicated by its long-awaited metaverse. As such, SHIB really could be one of the major coins to watch this year, with significant rallies potentially in sight.

Furthermore, its upcoming Metaverse project improves this project’s allure from a tokenomics perspective. As a memecoin, the value of SHIB is driven by how bullish (and large) the Shiba Inu community is at a given point in time.

Analysts speculate that SHIB cryptocurrency might retrace its recovery path as soon as it gets support from the level. However, volume change can be seen declining and under the influence of sellers. Buyers need to come forward to rescue the SHIB token from the seller’s grip.

Early this month, Shib announced that it will debut its Wagmi Temple at the upcoming SXSW festival. Here, WAGMI stands for “We’re all gonna make it,” a popular phrase among fans of Shiba Inu. Meanwhile, the broader crypto community is representing their belief in the potential of Shiba Inu for growth and success.

Solana (SOL) Price Prediction 2025-2030: SOL rises 100% in 2023 Q1

https://ambcrypto.com/solana-sol-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Solana (SOL) has experienced significant price volatility this year, but it has been overwhelmingly positive, with the price increasing by more than 100% since the beginning of Q1. Though the current month has been volatile, experts remain optimistic about Solana’s potential for growth.


Read Price Prediction for Solana [SOL] 2023-24


Solana has remarkably recovered from the losses it posted in November and December 2022, especially for a multibillion-dollar market-cap asset. How it is able to escape the current fall will determine how well it performs in the next few days.

Its increasing popularity can be assessed by the fact that popular American comedian and television host Steve Harvey also joined the bandwagon. He did so when he changed his Twitter profile to that of a Solana Monkey Business NFT in September last year. 

American singer Jason Derulo tweeted about his excitement for the token last year, confirming that he had bet on Solana.

We recently witnessed the failure of the crypto-friendly Silicon Valley Bank (SVB) that also led to the collapse of Silvergate and Signature banks. It affected the crypto industry also, including Solana, as its price collapsed nearly 15% to $16. But the token has since then recovered well enough.

At press time, SOL was trading at $21.04, with a market cap of $8,087,494,573. It was the 10th-largest cryptocurrency in the world at this time, with a daily trading volume of $193,749,474.

Source: SOL/USD, TradingView

In early August 2022, thousands of Solana accounts were drained. The Solana Foundation, however, told the Financial Times that it “does not appear” that the exploitation had affected its core infrastructure, but rather was caused by a bug “in software used by several wallets popular among Solana users.”

Cryptocurrency VC fund Cyber Capital’s Justin Bons had tweeted that Solana has far too many red flags such as multiple downtimes.

The Solana network is currently one of the best places to explore NFTs and DeFi apps. Billionaire entrepreneur Reid Hoffman, better known as the co-founder of LinkedIn, announced on Twitter on July 2022 that he was releasing a series of Solana-based NFTs based on images created using OpenAI’s DALL-E 2 AI software. He added that he would auction the first piece starting on Magic Eden, the largest Solana NFT marketplace. Magic Eden is the leading NFT marketplace on Solana. Its focus on the artistic community, availability of simple tools, and the diversity of tokens created and offered to make it a force to be reckoned with in the NFT community. 

Essentially, Solana has emerged as a paradigm for other blockchains looking to grow.

Why these projections matter

Today, Solana is one of the fastest-growing cryptocurrencies in the market with 160 billion transactions so far. Average cost of a transaction on the platform is $0.00025, making it one of the most economical currencies in the crypto universe. 

The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. Currently, there are a little under 300 million tokens already in circulation.

The Solana blockchain has eight features, including PoH, Cloudbreak, and Sealevel. Thanks to its high speed and low cost, Solana has successfully attracted the interest of both retail and institutional investors across the globe. Solana promises its customers that there shall be no increased fees and taxes. Its low transaction fees don’t compromise either the scalability or processing speed of the protocol. 

What is unique about the Solana blockchain is that it is the first platform to adapt the “proof of history” mechanism for crypto mining. A 2017 white paper published by Yakovenko detailed a timekeeping method that he called proof of history. The paper argued that the long time needed to reach a consensus over a transaction on conventional blockchains such as Bitcoin and Ethereum has acted as a barrier towards the scalability of these projects. To counter this challenge, the paper suggested a new method of consensus – proof of history – that creates a ledger recording of events as and when they occurred.

The validation process on Solana is done through an innovative combination of proof-of-history and proof-of-stake consensus mechanisms, attempting to win over the twin issues of security and scalability as had been faced by the Ethereum network. 

What is unique about the Solana blockchain is that it is the first platform to adapt the “proof of history” mechanism. Its innovative approach to technology has gained significant traction in the market. Ergo, investors must be well aware of its previous performance, current market sentiment, and future predictions.

In this piece, we shall closely observe the key performance parameters of Solana, with particular emphasis on its price, market cap, and volume. We shall also summarize the predictions of the world’s most popular and reliable analysts, in addition to the Fear & Greed Index to assess future projections.

Solana’s price, market cap, and other metrics

After an extremely successful performance last year, the cryptocurrency market began tumbling in 2022. From around $178 in early January, SOL’s price fell to as low as below $80 in mid-March. In early April, it breached the $135-mark before again continuing to fall lower and lower. 

By the end of 2020, the market cap of Solana was only a little over $70 million. 2021 proved to be a dream run for the currency as its market cap continued to soar higher and higher, climbing as high as $77.99 billion on 6 November. When 2022 began, its market cap was $55.19 billion, following which it hit a low of $25.49 billion on 13 March.

Market conditions got better in April, briefly, before they plummeted yet again. 

Messari’s James Trautman recently published a report that analyzed the state of Solana in the second quarter of 2022. With volatility prevalent across metrics in Q1, Solana completely crashed, in line with all the other cryptocurrencies in Q2. The macroeconomic conditions worsened for the industry as tighter regulations kept coming into place and we witnessed the $60 billion collapse of terraUSD and LUNA.

Revenue decreased by 44.4% due to bad network performance, and average transaction fees, in turn, decreased by 40.6%. In Q2, its P/S ratio was 847x. In comparison to Q1, its TVL also decreased by around 68%, similar to a ~70% fall in TVL across all the top 10 DeFi protocols.

The report also mentioned that Solana is one of the leading blockchains when it comes to NFT transactions. Currently, it is home to Solanart, Metaplex, and Magic Eden, among several other NFT marketplaces. Therefore, a rise in this asset class could conversely affect the price and volume of its native cryptocurrency as well.

Solana had risen more than 1,2000% since its inception in 2020, when it was trading for less than $1, by the time it reached its peak in 2021. It reached an all-time high of $258.93 on 6 December 2021.


How many SOLs can you buy for $1?


Solana Price Prediction 2025

We must understand that experts’ predictions vary a lot. Each analyst weighs upon a specific set of factors to forecast the market and different currency metrics. These analysts study the previous market trends as well as future speculations and then arrive at their predictions. It is therefore self-evident that market predictions significantly vary. Even then, unexpected technological and economic changes keep interrupting the market wildly, thereby influencing currency metrics. 

Let us now look at what different crypto analysts have to say about Solana’s future in 2025. 

A Changelly blogpost says that we are going to witness a bullish year for Solana in 2025. Its minimum and maximum prices of Solana in 2025 will be $60.93 and $70.82, respectively. On average, it will trade at around $62.62 in the said year. 

DigitalCoinPrice is similarly optimistic about the future of Solana, predicting its maximum and minimum prices in 2025 to be $75.27 and $60.86, respectively. As per its analysis, Solana’s average price in the said year will be $74.37.

Solana’s 2030 Predictions

Predicting markets 8 years down the line is very speculative; it is anyway speculative even for a shorter period of time. Many noted crypto analysts and commentators have nonetheless forecasted Solana’s metrics for 2030.    

The aforementioned Changelly analysis predicts an extremely bullish performance for Solana in 2030. SOL will be traded at the minimum and maximum prices of $405.89 and $494.92 respectively. On average, its price in 2025 will be around $417.50.  

As far as 2030 is concerned, even DigitalCoinPrice is very bullish in its assessment. It predicts that the maximum and minimum prices of Solana in 2030 to be $213.98 and $201.05 respectively. The average price of Solana in the said year will be $204.85, the report predicts.

Panxora Hedge Fund’s Gavin Smith is of the opinion that,

“SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower transaction fees.”

Conclusion

It wouldn’t be right to not mention the fact that the Solana Network is prone to outages and has been so for a while now. Will these outages continue and are they likely to have an impact on SOL going forward? Well, it’s perhaps too soon to say. According to Bitwave’s CEO, however,

“… keeping an eye on Solana, but it’s the only blockchain that regularly has major outages, which just isn’t doable for a financial technology.”

In fact, over 65% of Finder’s panelists believe Solana’s Network will continue to see more outages in the future.

Solana has nonetheless continued to implement solutions to enhance its network stability and reliability. It also focuses on expanding its market ecosystem, with the adoption of NFT marketplaces, EVM compatibility, promotion of Solana Pay, and the introduction of Solana Mobile. Today, it has gained currency among the decentralized finance (DeFi), non-fungible tokens (NFT) marketplaces, and gaming communities. 

In August 2022, cryptocurrency wallet services provider Phantom launched the facility to burn tokens so that users could remain safe against fake non-fungible tokens (NFTs) sent by scammers. 

That being said, it’s important to note that very recently, the Solana-based DeFi exchange Mango Markets was hit with a reported exploit of over $100 million through an attacker manipulating price oracle data in October 2022.

Soon after, the exploiter revealed his identity on Twitter, referring to his actions as “a highly profitable trading strategy.” Avraham Eisenberg explained his actions, saying that their “actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.”

Also, Solana’s move-to-earn application Stepn launched an NFT collaboration with La Liga soccer club Atlético de Madrid and crypto-exchange Whalefin, releasing 1,001 exclusive NFT soccer boots. 

Solana’s blog post said,

“We’re still in the Wild West days of Web3. As the crypto ecosystem grows, so has the number of bad actors looking for ways to steal users’ funds. The rapid growth in popularity of NFTs has led to an increasingly prevalent method of attack for scammers – Spam NFTs.”

Investors should keep in mind that the financial market remains highly volatile. In particular, the cryptocurrency market is even more so. Neither individual nor AI-driven analysts can foresee unexpected forces, and their predictions can very likely go wrong. It is for this reason that you should conduct your research and invest sensibly.

The Solana Foundation recently released its latest Validator Health Report, which revealed vital statistics, such as the number of validator nodes and their distribution across the network. Its Nakamoto Coefficient was one of the report’s main takeaways. It stood at 31 for the Solana chain versus 1 for Ethereum. A higher Nakamoto Coefficient indicates that the network has many nodes and is thus more decentralized and safer.

At press time, the Fear and Greed Index of the broader market was flashing a ‘neutral’ signal to the community.  

Source: CFGI.io

Stellar (XLM) Price Prediction 2025-30: Will XLM shake off its bearish ways?

https://ambcrypto.com/stellar-xlm-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.  

Stellar Lumens (XLM) had been trading within a bearish range since mid-January, but has recently broken out of it. This shifted XLM’s bias from bearish at range highs to strongly bullish. In the event of a pullback, bulls will have a good buying opportunity in the $0.096-$0.099 range. This was the unbroken resistance that had lasted since November. If XLM’s pullback fell below $0.09, a drop below $0.096 would be required to shift the bias back towards bearish.

Early this month, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network. 

Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments.

The trust of large institutions in the Stellar network is a primary reason for its strong market presence.  


Read Price Prediction for Stellar (XLM) 2023-24


Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency.

Another important feature of Stellar is that individuals are more interested in Stellar than organizations, as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface.

Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview. The upgrade intends to increase platform developer friendliness, scalability, and sensibility.

Last year, Ethereum transitioned from the proof-of-work (PoS) to proof-of-stake (PoS) consensus mechanism following the Merge. A major reason for this step was claimed to be the adoption of eco-friendly processes. In this regard, Stellar is very promising, as it has a smaller carbon footprint. Its authentication cycle is also fast, keeping energy use to a minimum. 

Acting as a decentralized currency exchange, Stellar helps you track all of your assets with an order book. You can sell, buy and manage all of your assets here, with XLM acting as an intermediate currency for paying transaction fees. The currency is very useful for the users because it helps you reduce transaction costs. 

Transactions on the Stellar platform are performed swiftly due to the ease of Lumens. The currency not only makes transactions seamless for the sender and the recipient but also ensures that transactions are secure. 

Jed McCaleb, Co-founder, and CTO of Stellar said in an interview with CoinMarketCap that XLM is used in a fundamental way for the network.

“Maybe that affects the price, maybe price is a secondary indicator of how useful the underlying protocol is in some way… But I think that the trend is there: that where price and utility can come into play.”

XLM is listed on a number of crypto exchanges including Binance, eToro, Huobi Global, CoinTiger, FTX, and OKEx. This shows that the currency is an increasingly accepted choice of investors now. 

A total of 100 billion XLMs were issued when the Stellar network was launched in 2015. In 2019, the group announced that it was burning over half of the cryptocurrency’s supply. Stellar mentions on its website that currently, there are around 50 billion XLMs in existence; 20 billion XLMs are in circulation and 30 billion XLMs are retained by the Stellar Development Foundation for project development. Nothing more will be created.

Why these projections matter

Where Stellar trumps other financial platforms is its low transaction fees, which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations, such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables FinTech to engage in financial transactions using assets such as stablecoins.

It must be noted that Stellar is one of the large corporations that are operating in the cryptocurrency market. It is one of the most centralized cryptocurrency networks active on the internet. While the Stellar network uses decentralized nodes, it doesn’t have that many validators. Such an infrastructure gives the group a lot of control over the operations and price movement of XLM.

In 2016, Deloitte announced a partnership with Stellar, along with four other blockchain networks, to provide new technological capabilities to its global financial institution client base.

In June 2018, Fortune reported that New York financial regulators approved Stellar Lumens to trade on the Bit exchange, the first time the state’s authorities have given it the green light.

In October 2021, IBM partnered with Stellar to facilitate cross-border payments by banks. The system uses XLM as a bridge currency for transactions and it has been successful in the South Pacific region. 

The same year, Moneygram announced a partnership with Stellar. Its integration with Stellar facilitates the conversion of the USDC stablecoin into cash and vice versa. The facility aims to encourage the liquidity of cryptocurrencies and the integration of traditional and cryptocurrency markets.  

In October 2021,  Flutterwave, a global payments technology company, also announced two new remittance corridors between Europe and Africa on the Stellar network. The step is a major step in Stellar’s expansion in the global market. 

It also succeeded in receiving certification from the Islamic scholars of Bahrain in 2018, aiming to integrate the technology into the field of sharia-compliant financial products, reported Reuters. 

“We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia, and Bahrain. It’s a huge market,” said Lisa Nestor, the then-director of partnerships at Stellar. Since the Middle East and South Asian regions are key areas of growth for the group, where a lot of countries are run on a sharia-compliant system, this is a major success for Stellar.

Developing economies are the focus of the Stellar network in the areas of remittances and loans. It primarily aims to target those who are still not part of the traditional banking system. 

In June 2022, the global platform for modern money movement, Nium, and Stellar announced a partnership to enable payouts to 190 countries. “This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.”

Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on. 

We will now briefly give an overview of the key performance indicators of XLM, such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index.

XLM’s Price, Market Cap, and everything in between

XLM’s price has hiked significantly over the last few years. Back in 2018-2019, it kept falling below its previous ATH of around $0.93 (recorded in early January 2018). It was only in 2021 that its price again rose, hitting a price level of over $0.7 around mid-May. However, as the cryptocurrency market collapsed in the second quarter of 2022, XLM went into a bearish dive.

At press time, XLM was changing hands at $0.1090, with a market cap of $2,933,706,618.

Source: XLM/USD, TradingView

The market capitalization of the cryptocurrency follows its price trends throughout. In early January 2018, it was nearly $9 billion, and it skyrocketed to as high as $16.5 billion (May 2021) during the crypto-boom of 2021. In fact, it was performing fairly well in 2022 too, until the market crashed during the year’s second quarter. 

Stellar has seen many growth spurts over the past few years, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, however, Stellar has built a network of partners that includes Flutterwave and MoneyGram.

Lumen’s 2025 Prediction

A Changelly blogpost says that many experts have observed the prices and fluctuations of Lumens over the years and concluded that the currency could hit as high as $0.309969 and as low as $0.259974 in 2025. Its average price will remain around $0.259974 in the said year.

Telegaon is very bullish in its assessment of XLM’s performance. It writes that the average price of XLM can be around $2.96 by 2025 if current growth continues. Its maximum price could be up to $3.53, while its minimum price can go down up to $1.32. 

As per DigitalCoinPrice, XLM’s price could reach as high as $0.36 and as low as $0.31 in 2025. Its average price in the year is going to be $0.38.

Lumens’ 2030 Predictions 

The aforementioned Changelly blogpost predicts the maximum and minimum prices of XLM in 2030 to be $2.12 and $1.74 respectively. Its average price in the year will be $1.79.

Telegaon remains very bullish in its assessment for 2030 as well. It writes that the currency could reach as high as $31.02 and as low as $23.31. It predicts XLM’s average price to be around $25.62.

As per DigitalCoinPrice, XLM’s average price in 2030 is going to be $1.1, with its maximum and minimum prices being $1.11 and $1.04.

Conclusion

Stellar has, time and again, stressed its role in increasing financial inclusion across the globe. In particular, it focuses on working towards better microfinance management. Today, it operates in association with a number of financial institutions across the globe, shaping the future of a financial system that is welcoming to cryptocurrency. 

Any financial institution can integrate with Stellar and avoid the hassle of building its own payment gateway. This integration connects these global players in such a way that interoperability and communication among different systems are seamless. 

A significant accomplishment of Stellar is the integration of the global financial system while cutting fees. Stellar has a sizable user base, which is not surprising given that it has become a crucial tool for enabling economic empowerment. 

The Stellar network is considered a rival to the Ripple network. While Ripple helps banks make fund transfers, Stellar helps individuals outside the banking system make fund transfers. Its simple, swift and economical process has made it very popular among users across several developed countries. 

These developments are certain to boost Stellar’s credibility among the users and raise the price of Lumens. Besides, XLM is one of the most eco-friendly cryptocurrencies. Its consensus model is faster than both PoS and PoW, making it the preferred choice of many investors. 

The unique features of Stellar such as strategic partnerships and convenience, make XLM one of the most reliable crypto investments. Its growth as a payments network will be the most important factor influencing the future of XLM. 

Despite being embroiled in a legal dispute with the Securities and Exchange Commission (SEC), Stellar’s Lumens coin is a major cryptocurrency to wager on.

In June 2022, the system upgraded Protocol 19, building payment channels and key recovery channels. Stellar is also working on the Project Jump Cannon to facilitate a robust execution environment for smart contracts. 

In 2022 itself, many crypto exchanges such as WhiteBIT, CoinMe, and Mercado Bitcoin enabled USD-backed stablecoin transactions, increasing the access to USDC on Stellar.  

Coinbase Wallet announced in November 2022 that it will no longer support the XLM token, along with BCH, ETC, XRP, effective 5 December. Coinbase cited “low usage” as a reason for delisting the four coins.

The SDF has also established a $100 million fund to encourage developers to create applications for the Soroban smart contract platform. Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing developers to create new financial services rails on the network.

The Stellar Community Fund (SCF) has announced that 21 projects will receive funds as part of its 11th round. The required funding for the winning projects will be given to them in XLM tokens. The grants total more than 13 million XLM for the entire round.

South Korea’s leading cryptocurrency exchange, Upbit, announced the temporary suspension of deposits and withdrawals of the Stellar network’s native token, XLM, and other assets on the network. Upbit stated that the event was caused by the need for maintenance of the Stellar network and the wallets in it.

In March 2022, Stellar stated in its blog that it will launch Project Jump Cannon, an E&D venture to introduce native smart contracts for its blockchain. The same month, it also introduced the Starbridge project that would create bridges between Stellar and other blockchains, enabling interoperability. 

Since December 2022, the Stellar network has been working with the United Nations High Commissioner for Refugees (UNHCR) to provide its blockchain payment solutions to those affected by the war in Ukraine. 

In January 2023, Stellar (XLM) announced its decision to join the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC). It is important to note that the committee is composed of a diverse group of members with backgrounds in both traditional finance and cryptocurrency. As a result, Stellar’s (XLM) unique perspective on Layer 1 protocols may not carry the same weight as that of more established players in the space.

If Stellar continues to adopt more of such innovations and succeeds in building a larger community, it can prove to be a significant player in the crypto market. 

The latest Fear & Greed Index projects a ‘neutral’ market sentiment for XLM.

Source: CFGI.io

VeChain (VET) Price Prediction 2025-2030: VET’s future remains uncertain

https://ambcrypto.com/vechain-vet-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

VeChain (VET) is a blockchain platform that was created to improve supply chain management and business processes. It utilizes a dual-token system, with VET serving as the main currency on the platform and the VeChainThor Energy (VTHO) used to pay for transactions.


Read Price Prediction for VeChain (VET) for 2023-24


VeChain aims to provide a secure and transparent way for businesses to track their products and services, from production to sale. It has partnerships with a number of major companies, including BMW and PwC, and has been used in a variety of industries, including luxury goods, agriculture, and logistics.

VET has seen significant price fluctuations since its launch. In the first half of 2022, it saw a considerable decline in value, going from around $0.08 to as low as $0.02. The second half saw the token ranked 34th, ranging between $0.027 and $0.018.

VeChain is a flexible enterprise-grade L1 smart contract platform. VeChain started out in 2015 as a private consortium chain, collaborating with a variety of businesses to investigate blockchain applications. It helps companies to create decentralized applications (dApps) and carry out transactions with higher levels of security and transparency.

VET’s massive rally on 8 November was triggered by an announcement by the VeChain Foundation. The firm announced VeChainThor’s most significant mainnet hard fork ready for deployment following the successful vote on VIP-220 dubbed the ‘Finality with one Bit’. This milestone upgrade will bring the final phase of VeChain’s proof of authority 2.0 and is expected to take place on 17 November.

VeChain was actively involved in UFC 280, which took place on 22 October, as part of its $100 million multi-year deal with UFC which was announced earlier this year in June.

The sustainability-centric blockchain is currently mulling over a significant Proof of Authority upgrade which will integrate VIP-220 with the VeChain Thor Mainnet.

If approved by all stakeholders’ votes, VeChain will gain finality and bring an end to the trade-off that is choosing between scalability with high throughput or instant finality. The VeChain Foundation stated earlier that this upgrade will make it the “perfect real-world blockchain”

VET investors who were disappointed with a three-month return of -11.5% on their tokens finally got some good news when Binance U.S. revealed that VeChain customers could stake their VET and earn 1% APY rewards in VeThor Tokens (VTHO)

DNV GL, a provider of audit and certification services for ships and offshore structures, partnered with VeChain in January 2018 to provide audits, data collecting, and a digital assurance solution for the food and beverage sector.

Apart from this, PriceWaterhouseCoopers (PwC), a large auditing and consulting business, has teamed up with VeChain since May 2017 to provide its clients with greater product verification and traceability.

Additionally, starting in April 2020, VeChain has been used by H&M, the Luxury Fashion Brand, the second-largest clothes retailer in the world with more than 5000 stores.

However, things are not turning around so well for the token. The price of VeChain dropped to its lowest level in the last twelve months with the outbreak of the Russia-Ukraine 2022 war. As is common with cryptocurrencies, it began to recover the very next day. Many traders are now unsure if it would be wise to invest in this currency at this time as a result of this.

If this trend persists, VeChain might easily reach $1 within the next few years or even more. Anything might happen in the cryptocurrency market, so this is by no means a guarantee. However, VeChain appears to be positioned for long-term growth, and $1 seems like a reachable goal in the foreseeable future.

In fact, data from VeChain Stats revealed a troubling decline in its mainnet activity.

Although there has been a visible spike in activity since the beginning of August, one cannot ignore the difference compared to last year, when the network was seeing over two million clauses a week. Unlike many other cryptocurrencies, VeChain’s price and its mainnet activity started declining at the beginning of 2022. The market-wide sell-off following the collapse of Terra did impact VeChain’s mainnet activity, but as the chart indicates, it has pretty much recovered to pre-bear market levels.

Additionally, data procured by SeeVeChain suggested that VeChain Thor transactions have been on a steady decline too. The daily burn rate of VETHO, the token required for facilitating VET transactions, can be seen consistently falling – a sign of diminishing VET transactions.

However, since the beginning of August, the daily burn rate has been setting higher highs, while moving in a sideways direction. This may suggest recovery and stabilization to some extent.

Source: SeeVechain

VeChain was in the news back in May 2022, when it offered Terra LUNA developers grants of upto $30,000 to migrate their layer 1 chains to VeChain following the collapse of terra.

There was a brief rebound in VET’s price towards the end of the first quarter of 2022. The token surged all the way to $0.089 following the announcement of VeChain’s partnership with Draper University which entailed a fellowship and a Web3 accelerator program. However, May’s market-wide crash sent VET’s price tumbling down to $0.024. The price failed to recover from the bearish trend, despite news of a new partnership with Amazon Web Services and the Q1 financial report from the VeChain Foundation which showed a healthy balance sheet.

In 2020, PwC estimated that blockchain technologies could boost the global GDP by $1.76 trillion by 2030 through improved tracking and tracing. PwC’s economic analysis and industry research showed that tracking and tracing products and services has an economic potential of $962 billion. Investors will be eager to see how PwC’s blockchain partner VeChain benefits from this.

Global market intelligence firm IDC released a report in 2020. According to the same, 10% of the supply chain transactions in Chinese markets will use blockchain by 2025. This could work out in favor of VeChain, with it being the leading blockchain firm catering to supply chain solutions and given its significant presence in China. James Wester, research director at Worldwide Blockchain Strategies IDC, noted:

“This is an important time in the blockchain market as enterprises across markets and industries continue to increase their investment in the technology. The pandemic highlighted the need for more resilient, more transparent supply chains”

According to a report published by ResearchandMarkets.com, the global supply chain management market size is projected to hit $42.46 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 10.4% from 2021 to 2027. Experts have indicated major opportunities for the integration of blockchain technology in supply chain management software in the projected period. As the leading blockchain firm catering to supply chain management, VeChain could stand to gain from this.

It was reported in July that VeChain will be rolling out a solution for luxury brands that often find their cheap knock-offs being illegally sold in the primary and secondary markets.

VeChain will implant its proprietary chipset in luxury products, which will help manufacturers keep track of their inventory and monitor sales in real-time on the blockchain. In addition to that, customers will be able to verify the authenticity of their purchased product using a mobile application. The application would also provide additional info such as carbon emissions associated with their purchase and the story behind their product.

paper published by The Institution of Engineering and Technology outlined blockchain applications for the healthcare industry. The paper explained how start-up companies in this industry were exploring the use of blockchain technology for clinical data management. The paper went on to cite the example of the Mediterranean Hospital in Cyprus, which leveraged E-HCert, a data management application based on VeChain Thor.

On 10 August, VeChain and OrionOne, a global logistics tech firm, announced an integration partnership. The joint venture aims to combine the VeChain ToolChain with Orion’s best-in-class logistics platform to offer clients an efficient and effective pathway to leverage blockchain technology in their business without spending a ton on network infrastructure. Tommy Stephenson, CEO of OrionOne, while speaking on this new partnership remarked:

“When it comes to blockchain and supply chain, there’s only one game in town, and that’s VeChain. No other entity can compete with their low-cost, rapid deployment, and ease of use.”

On 19 August, the VeChain Foundation announced via Twitter that the VeChainThor public testnet had been successfully updated to accommodate VIP-220, also known as the Finality with One Bit (FOB). The update implements a finality gadget that allows the network to run dual modes of consensus, the Nakamoto and Byzantine Fault Tolerance (BFT) consensus, at the same time. This move saved VeChain the trouble of completely replacing its proof-of-authority consensus mechanism. A finality gadget helps blockchains execute transactions optimistically and only commit them after they have been sufficiently validated.

Developers have clarified that FOB has an edge over the existing finality gadgets which follow the view-based model of Byzantine Fault Tolerance (BFT) Algorithms because nodes in FOB are less likely to be affected by network failure.

The update will also help VeChain reduce the complexity of its current proof-of-work consensus protocol, thus minimizing the potential risks caused by unknown implementation bugs, in addition to sustaining the usability and robustness of the network.

Earlier in June, VeChain had described block finality as:

“An indispensable property for a modern blockchain system because it provides an absolute security guarantee for blocks that satisfy certain conditions.”

The VeChain Foundation informed its community on Twitter that from 5 September onwards, the network will be suspending $VEN TO $VET token swaps. The function is expected to resume after the Ethereum network stabilizes following the much-anticipated merge slated for mid-September.

Earlier this month, VeChain announced that it had entered a strategic partnership with TruTrace Technologies, a blockchain development company catering to the legal cannabis, food, apparel, and pharmaceutical industries. The partnership aims to integrate complementary technologies and offer TruTrace’s clients enhanced traceability by leveraging VeChain’s seamless infrastructure.

At press time, VET was trading at $0.02356, up 1.83% over the past 24 hours. The token had a market capitalization of $1,711,420,543, with a 24-hour trading volume of $38,317,014.

Source: VET/USD on TradingView

The price has since, however, dipped back down. More so recently. It is unlikely that the price of VET will go back to what it was trading for before the market-wide sell-off in May 2022.

VeChain Tokenomics

Token minting predates VeChain’s rebranding, thus, figures have been converted from VEN to VET.

VeChain initially minted 100 billion VET which was distributed in the following manner –

  • 22 billion VET were retained by the VeChain Foundation
  • 5 billion VET were given to project team members
  • 23 billion VET went towards enterprise investors
  • 9 billion VET went towards private investors
  • 27.7 billion VET were sold in the crowdsale
  • 13.3 billion VET were burned by the VeChain Foundation as part of the token sale refund process

VET Price Prediction for 2025

Crypto experts at Changelly have projected VET to be worth at least $0.10 in 2025. They believe the maximum it could go to is $0.12.

Data gathered by Nasdaq suggests that the average projection for VET in 2025 is $0.22.

According to data published on Medium, however, the average projection for VET in 2025 is $0.09.


How many VETs can you buy for $1?


VET Price Prediction for 2030

Changelly’s crypto experts have concluded from their analysis that VET should be worth at least $0.64 in 2030. The projection included a maximum price of $0.79.

Data gathered by Currency.com suggests that the average price of VET in 2030 should be $0.38.

The experts at Medium predict VET to be worth an ambitious $1.79 by the end of the decade. Considering the current price, that would amount to a whopping 6200% profit.

Conclusion

It is important to note that increased adoption of VeChain doesn’t necessarily translate to increased demand for VET since the token is primarily used for staking and governance.

VeChain is arguably the only blockchain in the supply chain vertical that has survived the test of time. Rival tokens like Waltonchain and Wabi have seen their market capitalization and volume dramatically diminish over the past few months.

The ongoing supply chain crisis would have been a very good opportunity for VeChain to demonstrate its capabilities but companies all over the world have been resorting to conventional systems rather than exploring an innovative blockchain solution like VeChain. That being said, the supply chain tracking industry is ripe for disruption and VeChain is in a position to dominate the space in the near future.

Critics have speculated that while VeChain’s blockchain may prove useful, the specific nature of its native token’s utility i.e. pertaining to the business world, may become a hindrance to its growth.

VeChain needs to focus on what it’s good at – Enterprise-facing blockchain solutions for logistics and supply chains.

The major factors that will influence VET’s price in the coming years are –

  • Increase in demand for VET through growth in dApp activity
  • Development of VeChain cross-chain
  • Stable economic environment in China
  • New partnerships with companies in the supply chain industry.
  • Development of new use cases for VET

In other news, the Fear and Greed Index was well inside the ‘greed’ zone at the time of writing.

Source: CFGI.io

Terra (LUNA) Price Prediction 2025-2030: LUNA faces the music as Do Kwon…

https://ambcrypto.com/terra-luna-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

 

As per a recent news report, the United States may have gained an advantage in a race with South Korea to extradite Terraform Labs CEO Kwon Do-hyung from Montenegro on fraud charges related to the $40 billion Terra (LUNA) cryptocurrency project’s collapse in May last year.


Read Price Prediction for Terra (LUNA) 2023-24


Terra Luna (LUNA) was trading at $1.28 at press time; its current market cap stands at $312 million. Its future remains bleak as per most market experts.

It has now been nearly ten months since the Terra Luna project experienced a catastrophic collapse in May 2022. Later, major crypto exchange FTX collapsed in November 2022 and recently, the crypto-friendly Silicon Valley Bank (SVB) also collapsed. 

Stablecoins, such as UST, were created to protect investors from the extreme price volatility of popular cryptocurrencies, such as Bitcoin (BTC).

As fiat currency is pegged to reserves such as gold, a stablecoin is pegged to either a fiat currency (e.g. USD) or a supporting cryptocurrency. In this case, TerraUSD was pegged to Luna. But herein lies the conflict. A cryptocurrency isn’t equivalent to gold reserves. As LUNA prices got destabilized, it had an impact on UST prices too, and the entire stablecoin system collapsed in the second quarter of 2022.

The stablecoin project was aimed at complementing the price stability and wide adoption of fiat currencies with the decentralized model of cryptocurrency.

Even those who are only vaguely familiar with the cryptocurrency industry know of the apocalyptic collapse of LUNA and UST in May 2022. This collapse was crucial in instigating the cryptocurrency crisis thereafter. 

LUNA was one of the market’s top performers once, with the altcoin once among the top 10 cryptocurrencies by market value towards the end of 2021.

A Bloomberg report from May 2022 sheds light on the further developments that transpired. It was in early May 2022 that the Terra system collapsed as large investors began selling their tokens. The move caused a huge drop in the price of the coins. While the price of UST fell to $0.10, LUNA’s price fell to almost zilch.

The cryptocurrency market lost around $45 billion within a week in the ensuing bloodbath, leading to a global crash in the market. The leadership of the Terra system hoped to buy Bitcoin reserves to buy more UST and LUNA coins so that their prices can be stabilized, but the plan didn’t work.

Thousands of investors across the globe lost significant amounts due to the mishap. In the immediate aftermath, the Korean National Tax Service imposed $78.4 million in corporate and income tax on Do Kwon and Terraform Labs after a Terra investor filed a police complaint against the co-founder.   

In fact, an affected investor even broke into Kwon’s house in South Korea. His wife then sought security from the police. 

In July 2022, News1 Korea reported that South Korean prosecutors raided 15 firms, including seven cryptocurrency exchanges in relation to the investigation around the Terraform collapse. More than 100 people who filed complaints with the prosecutors’ office reportedly had losses totaling roughly $8 million.

Many from the industry had been warning the cryptocurrency community about the upcoming doom. Kevin Zhou, CEO of Galois Capital, was one such individual. He said that the result was inevitable as the “mechanism was flawed, and it didn’t play out as expected” However, most people didn’t pay any heed. 

On May 25, Bloomberg reported that a new version of LUNA was launched following a hard fork, with the new LUNA coin no longer associated with the devalued UST coin. The older currency is called Luna Classic (LUNC) and the newer one is called Luna 2.0 (LUNA). Though the older cryptocurrency has not been entirely replaced, its community might slowly dissolve as more and more users move to LUNA 2.0.  

The new initiative included an AirDrop of new LUNA tokens to those who held Luna Classic (LUNC) and UST tokens and suffered. A significant portion of the minted currency is to be reserved for development and mining operations. Currently, there is a supply of 1 billion LUNA tokens.

The collapse of the twin coins proved to be a harbinger of increased government regulations, if not downright opposition, in the cryptocurrency industry. The anonymous model of the industry, much touted to be the foundation of the decentralized cryptocurrency market, was once embraced by all. However, the moment people lost their investments, they rushed to government authorities for redressal.  

This is when government financial authorities found the opportunity to push for implementing rules and regulations in the crypto industry to tackle price volatility, money laundering, etc. 

The entry of corporate institutions with government oversight into the industry had already set the tone for what was to come. But this collapse furthered this trend. Now, cryptocurrency entities, whether large or small, will likely be overseen by central banks across the globe. In such scenarios, it will be critical to observe how the industry manages to uphold its anonymous and decentralized nature.   

Why these projections matter

The future of LUNA is a very critical matter for the entire cryptocurrency industry. Launched as a part of the regeneration strategy, its performance so far has not exactly been celebratory.

Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism. The network has 130 validators working at a given point of time. As a PoS platform, the power of the validator is linked to the number of tokens staked.

How LUNA trades will determine the course of not only this particular cryptocurrency, but a number of stablecoins in the market. If it succeeds in gaining the trust of investors, the venture will go a long way in furthering the cause of the asset class of stablecoins.  

In this article, we will lay down the key performance metrics of LUNA such as its price and market capitalization. We will then summarize what the most prominent crypto-influencers and analysts have to say about LUNA’s performance, along with its Fear & Greed Index. We will also briefly talk about whether you should invest in stablecoin or not.

LUNA’s price, volume, and everything in between

Beginning its journey at around $19 on 28 May 2022, LUNA quickly dropped below $5 the next day. By the end of May 2022, its value was just above $11, but it soon spiraled south as June began.

Over the next few months, the value of LUNA kept oscillating between $1.7 and $2.5. At press time, it was trading at $000.29, as bears took control of the market.

Source: LUNA/USDT, TradingView

Here, it’s worth noting that back in June 2022, its market cap was over $300 million, but it kept oscillating between $210 and $300 million during much of July. Right now, the market cap is still within that range. 

The crisis that unfolded following the collapse of the twin coins impacted the course of the entire market. LUNA has been particularly vulnerable to volatile market conditions. The Russia-Ukraine crisis and increasing crypto-regulations across the globe have also curtailed the movement of the market.  

LUNA’s 2025 Predictions

Before reading further, readers should understand that the market prediction of different cryptocurrency analysts can widely vary. And, a good number of times, these predictions have been proven wrong. Different analysts choose different sets of parameters to arrive at their forecasts. Also, nobody can foresee unpredictable socio-political events that ultimately end up affecting the market.

Let us now have a look at what different analysts have to say about the future of LUNA in 2025.

A Changelly blogpost says that experts have predicted that the price of LUNA will oscillate between $5.06 and $6.07. Its average trading cost during the said year will be around $5.20.

DigitalCoinPrice is similarly bullish in its assessment of the future of LUNA, predicting its minimum and maximum prices in 2025 to be $3.78 and $4.56. It predicts its average price in the said year to be $4.38.

LUNA’s 2030 Predictions

The aforementioned Changelly analysis predicts that the maximum and minimum prices of LUNA in 2030 will be $37.54 and $31.24. The average price of LUNA in the said year will be $32.11.

DigitalCoinPrice remains extremely enthusiastic about the future of LUNA. It predicts that it will be traded as high as $13.46 and as low as $12.51, with its average price being $12.99.

Disclaimer

Now, the aforementioned are more recent predictions. Before the events of the last few months, analysts were way more optimistic about the fortunes of LUNA.

Consider Finder’s panel of experts, for instance. In fact, they forecasted a price of $390 by 2025 and $997 by 2030.

“The likes of Digital Capital Management’s Ben Ritchie claimed, The LUNA token will continue to gain traction as long as there are no clear regulations in stablecoins. We believe that LUNA and UST will have an advantage and be adopted as a major stablecoin across the crypto space. LUNA is burnt to mint a UST, so if the adoption of UST grows, the LUNA will benefit greatly. Having Bitcoin as a reserve asset is a great decision by the Terra governance.”

There were contrary opinions too. According to Dimitrios Salampasis,

“Algorithmic stablecoins are considered as being inherently fragile and are not stable at all. In my opinion, LUNA will be existing in a state of perpetual vulnerability.”

That’s not all. In fact, at one point of time, there was also talk of Terra emerging as the most staked asset.

Source: Finder

Fear & Greed Index 

As the legal troubles for the Terra founders do not subside, there does not seem to be many possibilities of investors trusting the altcoin. Many exchanges continue to put warning tags along the listing of LUNA and investors remain highly cautious. However, at press the fear and greed index for the crypto market stood in the ‘Greed’ category.

News reports of Kwon’s arrest have completely changed the dynamics for the Luna coin as further revelations from him might make its price fall even lower. 

Many exchanges continue to put warning tags along the listing of LUNA and investors remain highly cautious. At press time, the fear and greed index for the token suggested a ‘neutral’ market sentiment.

Source: CFGI.io

We will also have to see how the community of LUNA developers and investors acts in the next few weeks. If they burn enough tokens so as to drive up its price, it can prove to be beneficial for its future. A sustained effort on the part of the cryptocurrency industry, in particular the LUNA community, can go a long way in restoring the trust of investors in the market.  

In an interview with Laura Shin on the “Unchained” podcast, Kwon said that he moved to Singapore from South Korea before the collapse of the Terra ecosystem. So, it should not be assumed that he ran away to escape the authorities. He denied claims that he is on the run from law enforcement. 

Kwon said, “Whatever issues existed in Terra’s design, its weakness [in responding] to the cruelty of the markets, it’s my responsibility and my responsibility alone.”

Recent news has now emerged that Kwon is also facing a class-action lawsuit filed on behalf of more than 350 international investors in a Singaporean court. They claim to have lost about $57 million in the collapse of the algorithmic stablecoin TerraUSD (UST) and its ecosystem

Well, last month, the New York Times interviewed Ethereum co-founder Vitalik Buterin who claimed that the Terra Luna team attempted to manipulate the market in order to prop up the value of the native cryptocurrency. He also recalled that plenty of “smart people” were saying that Terra was “fundamentally bad.”

As a massive market slump due to the FTX debacle is going on, we are witnessing massive withdrawals. LUNA remains among the worst-hit tokens in this ongoing crisis. It has fallen by around 30% over the last 2-3 days. The same has been made worse by Silvergate’s liquidity crisis and the crypto-market’s response to the same. 

We are witnessing the second crash in the crypto market this year following the FTX debacle. As the primary token responsible for the first crash in May, LUNA has been among the worst-hit tokens in the second crash too. Its price has fallen by 35% since FTX filed for bankruptcy.

Following FTX’s collapse, we are witnessing the global crypto market’s second crash this year. LUNA was the primary token responsible for the first crash in May, and it was also one of the tokens that suffered the most damage in the second crash. Its value has dropped by 30% since FTX declared bankruptcy, but it appears to be recovering.

As per a local media report from South Korea, prosecutors are freezing assets worth $92 million affiliated with Terra tokens as per the orders of a Seoul Southern District Court. The seized assets were taken from Kernel Labs, a tech firm closely related to Terraform Labs. It has been revealed that Kernel Labs CEO Kim Hyun-Joong served as Vice President of Engineering at Terraform Labs.

Furthermore, the Terra Classic community has decided to support two significant proposals in the coming days that will have an impact on the burn rate and financing for the community pool.

In addition, there have been a number of positive developments in the cryptocurrency sector, such as Dubai establishing federal legislation and FTX retrieving client funds, both of which are viewed as key drivers supporting cryptocurrencies such as Terra Luna Classic.

Terra Classic core developer Edward Kim warned the community that the proposals could severely impact funding for the community pool as data shared in the proposal has a miscalculation.

Singaporean authorities have launched a probe into Do Kwon’s Terraform Labs, as per a recent Bloomberg report. Singaporean police sent an emailed statement announcing that “investigations have commenced in relation to Terraform Labs.” It added that the inquiries are “ongoing,” and Kwon is not currently in the city-state.

The announcement comes less than a month after the US Securities and Exchange Commission (SEC) sued Terra founder Do Kwon and his organization Terraform Labs for securities fraud. 

We must again reiterate that market forecasts aren’t set in stone and can go wildly wrong, particularly in a market as volatile as that of cryptocurrencies. Investors should, therefore, take due caution before investing in LUNA.

Terra LUNA Classic [LUNC] Price Prediction 2025-2030: LUNC loses 26% of its value

https://ambcrypto.com/terra-luna-classic-lunc-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. 

Luna Classic (LUNC), the cryptocurrency behind the now-defunct original Terra blockchain that was destroyed in May 2021, was last trading near $0.0001221, only slightly higher than the $0.000117 lows it hit earlier this month. LUNC has performed poorly, despite other major cryptocurrencies rallying in March. Since the beginning of March, the cryptocurrency has lost approximately 26% of its value.

Following the disasters in 2022, most of Terra’s blockchain development community left, and most analysts see a bleak future for the blockchain’s ecosystem.

It was only last week that the news of Terra co-founder Do Kwon’s arrest reached the crypto community; its price soon fell steeply to $0.0001221. Terra co-founder Do Kwon, who was on the run since the Terra-Luna crisis, was finally arrested in Montenegro on 23 March.

LUNC was at the center of the collapse of the Terra ecosystem in May 2022. The coin has also been severely affected by the collapse of the crypto exchange FTX in November last year. Its market capitalization has dropped from $1.5 billion to $1.0.4 billion since then.

Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism.

The leading cryptocurrency, Ethereum (ETH), has also transitioned from a proof-of-work to a proof-of-stake mechanism. This has only made the competition among PoS blockchains tougher.

The network has 130 validators working at a given point of time. As a PoS platform, it is considered being a very eco-friendly token.

Why do these projections matter?

A stablecoin is intended to safeguard coin holders against the volatility of other cryptocurrencies. It is pegged to either a fiat currency such as USD or to a supporting cryptocurrency. Terra USD (UST) was pegged to Luna Classic (LUNC- then, only LUNA).

This is where the problem began. A cryptocurrency is in no way equivalent to gold reserves. As LUNA prices became destabilized, it adversely affected UST prices too, and the entire stablecoin system collapsed in May 2022.

For the initial few years, LUNC kept performing well. And, it was even among the top 10 cryptocurrencies by market value by the end of 2021.

But the Terra system collapsed in May 2022, leading to a fork. It basically launched a new version of Luna. The Terra Ecosystem Revival Plan 2 was implemented according to which both versions of the Luna token can exist.

Undoubtedly, the future of this cryptocurrency is crucial in determining if a failed crypto can make a comeback and grow.

Well, its performance after the May 2022 debacle has been, so far, less than celebratory.

But if LUNC trades well in the future, it will be a cause of celebration not only for this particular cryptocurrency, but for a lot of other cryptos.

LUNC’s price, volume, and everything in between

Since its launch in 2019, LUNC’s price kept floating around $0.2 and $1.3 until April 2021. When the crypto market boomed in mid-2021, its price increased and touched $100 by the end of the year.

Starting from 2022, it kept oscillating between $50 and $100 and reached an all-time high (ATH) of $119.18 on 5 April 2022. The next month, its price began to fall and the Terra system collapsed in mid-May.

At press time, the coin was trading at $0.000126, with a market cap of $740,110,030.

Source: TradingView

Bloomberg reported in May 2022 that the market lost approximately $45 billion within a week following the Terra collapse. Terraform Labs and its co-founder Do Kwon were fined $78.4 million in corporate and income tax by the Korean National Tax Service.

On 25 May 2022, Bloomberg reported that the network launched a new version of the cryptocurrency, LUNA. The older crypto is now called Luna Classic (LUNC) and the newer one is called Luna 2.0 (LUNA).

Though LUNC, the older cryptocurrency, has not been entirely replaced, a lot of users are moving to LUNA. It should be noted here that LUNC so far has not been performing well at all.

The market capitalization of LUNC similarly reflects the market sentiment regarding crypto. Throughout 2019-20, it didn’t even reach up to $500 million, but began increasing in 2021.

Now, towards the beginning of February, it crossed the $1 billion mark. And, by the end of 2022, it was above $36 billion.

LUNC’s journey kept moving upward the next year too and in April 2022, it crossed $41 billion. But post the crash of May 2022, it oscillated between $300 million and $1.5 billion.

South Korea is now seeking to revoke Kwon’s passport, following which he might be forced to return to South Korea. A request has been passed to the nation’s Foreign Ministry to scrap the travel document, reported Bloomberg. An arrest warrant has already been issued against him and other members.

Recently, Financial Times reported that South Korean prosecutors have reportedly asked Interpol to issue a Red Notice against Kwon. Kwon, however, tweeted that he is not on the run from any interested government agency and added that the company is in full cooperation and doesn’t have anything to hide.

The crypto crisis that followed the collapse of the twin coins, Terra USD and Luna Classic, has adversely affected the entire crypto market. LUNC, in such circumstances, remains particularly vulnerable.

LUNC’s 2025 predictions

Before you read further, you should understand that predictions of different cryptocurrency platforms and analysts widely vary as different analysts rely on different sets of metrics to arrive at their conclusions.

A good number of times, these predictions can go wildly wrong. Besides, nobody can foresee events such as the Chinese crypto ban or the Russia-Ukraine crisis. Let us now have a look at what different analysts have to say about the future of LUNC in 2025.

Telegaon predicts that the minimum and maximum prices of LUNC in 2025 will be $0.0089 and $0.028, respectively.

Other experts, after analyzing the previous performance of LUNC, predict that its average price in the said year will be $0.015.

DigitalCoinPrice predicts that the minimum and maximum prices of LUNC in 2025 are going to be $0.000359 and $0.000444. Its average price in 2025 will be $0.000430.

LUNC’s 2030 predictions

DigitalCoinPrice predicts that the minimum and maximum prices of LUNC in 2030 are going to be $0.00118 and $0.00127. Its average price in 2030 will be $0.00126.

On the other hand, Bitcoin Wisdom predicted that LUNC’s price will keep oscillating between $0.002603 and $0.002834 in 2030. Its average price in the said year will be $0.002719 as per the prediction.

Disclaimer

Now, it’s worth addressing the elephant in the room too. Pre and post-crash projections and opinions on the project have changed significantly over the last few months. This means that there is a lot of uncertainty around. For instance, back in March, Professor Carol Alexander, a member of Finder’s panel of experts, claimed,

“… as its name implies, it could actually go to the moon (for a while).”

On the contrary, there are others who believe,

“There is a lot of uncertainty around LUNA right now –⁠ the project is really ambitious and the objective an admirable one but just what the effect on the LUNA token itself will be is unclear.”

Conclusion

So far, we have provided a succinct summary of LUNA Classic (LUNC). For those of you contemplating investing in cryptocurrency, we would like to reiterate that cryptocurrency predictions cannot be relied upon entirely. And, you should conduct your own research before making an investment in LUNC.

The only thing that can save the coin is token burning, which will raise prices by reducing market oversupply. It was already put to the test in September when Binance and other significant CEXs started burning LUNC tokens, sending the price of LUNC soaring by 60% in just a few hours.

The cryptocurrency market still remains very bearish and is likely to remain volatile for the next few months.

A recent Bloomberg report says that upcoming legislation would ban algorithmic stablecoins such as TerraUSD the collapse of which led to a global crypto crash. The said bill is currently being drafted in the U.S. House. The bill would make it illegal to develop or issue new “endogenously collateralized stablecoins.”

The New York Times interviewed Ethereum co-founder Vitalik Buterin last month who claimed that the Terra Luna team attempted market manipulation in order to boost the value of the native cryptocurrency. He also recalled that many “smart people” had stated that Terra was “fundamentally bad.”

In an interview with Laura Shin on the “Unchained” podcast on 28 October, Kwon claimed that he migrated from South Korea to Singapore before the demise of the Terra environment. He also refuted reports that he is eluding law authorities.

Kwon said,

“Whatever issues existed in Terra’s design, its weakness [in responding] to the cruelty of the markets, it’s my responsibility and my responsibility alone.”

On 5 November, Terra Rebels tweeted that the first round of its lottery game had finally ended, with the winner going away with over 24 million Terra Luna Classic (LUNC). More than 10.5 million LUNC were sent to the burn wallet. As we can see, such efforts are underway in one way or another.

According to a recent third-party audit by JS Held, a New York-based consultancy firm, Luna Foundation Guard (LFG), the entity behind the defunct Terra ecosystem, spent $2.8 billion in crypto trying to defend the peg of algorithmic stablecoin TerraUSD (UST) in May. The audit also claims that Terraform Labs (TFL), the Terra blockchain developer, spent $613 million defending the peg.

Luna Classic has announced that it will re-enable Inter Blockchain Communication (IBC), a protocol to allow the sharing of messages and trading assets with other blockchains. A member of the Terra Classic development team confirmed this on Twitter.

In terms of fundamentals, what may help such a break occur is progress on implementing a proposal that was recently passed by Terra Luna Classic validators. In particular, the community has adopted a plan to re-peg LUNC’s sister stablecoin, USTC.

As the broader cryptocurrency market stabilizes ahead of a busy week of macro events, including a barrage of key US jobs data and a testimony from Fed Chair Jerome Powell before the US Congress, LUNC bulls will be hoping the cryptocurrency can continue to find support above this level.

Industry experts remain apprehensive if LUNC’s price will even reach $1 in a few years. As the latest news of Kwon’s arrests appears, the market fears that more details about the programme may sink its performance further down.   

Dogecoin (DOGE) Price Prediction 2025-2030: DOGE sees 6% rise, extreme fear, and more

https://ambcrypto.com/dogecoin-doge-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.  

A few events over the last week helped Dogecoin (DOGE) rally, surging by 6% in value. 

Two days ago, the UK branch of global fast-food chain Burger King unexpectedly responded to a post about cryptocurrency payments at Burger King, “We need doge.”

Soon after, Asian stocks rallied after China’s central bank committed to providing more financial assistance to companies, triggering a massive bull wave in all risk assets. The Chinese central bank is once again opening its wallet in order to provide financial assistance to businesses.

Last week, tech billionaire Elon Musk mentioned a “fee for visiting Twitter headquarters,” which should be paid in DOGE, in a tweet. The Twitter boss was responding to user DogeDesigner (@cb_doge), who wanted to visit the head office of this social media platform. 

At the same time, the price of the largest meme token by market cap began rising, possibly as a result of Elon Musk giving it a mention. After this tweet, DOGE’s price rose over 4% to reach $0.0785. At the time of this writing, Dogecoin has dropped slightly, trading at $0.0769.

The crypto industry witnessed around $307 million in liquidations on 9 March within a day of the collapse of the crypto-friendly bank Silvergate Capital (SI). Dogecoin was among the coins, leading the price decline as it fell from $0.0715 to $0.0632. But its performance has recovered with time.

Previously, the whole FTX debacle had also been particularly bad for DOGE, as its price had reached around $0.15, the lowest since the first crypto crash in May 2022 following the Terra stablecoin debacle.

What started as a parody of mainstream cryptocurrency culture quickly gained currency among enthusiasts who had not taken the whole affair very seriously. Dogecoin is now as well-known as Bitcoin (BTC), even among the uninformed. As a result of meme culture, Dogecoin and other meme coins have become immensely powerful.


Read Price Prediction for Dogecoin [DOGE] for 2023-24


In fact, for the greater part of 2022, DOGE/USD performed poorly except for when Elon Musk acquired Twitter. The acquisition raised hopes in the Dogecoin community about increased cryptocurrency usage.

Being Elon Musk’s favorite memecoin at one point, it was counted among the most popular cryptocurrencies. However, the FTX saga was particularly bad for DOGE, as its price had reached around $0.15, the highest since the first crypto crash in May 2022 following the Terra stablecoin debacle.

Since its launch in around 2010, the cryptocurrency industry has come a long way. The vision of the cryptocurrency industry was an on-chain, financial order that would not invite governmental intervention. Needless to say, such a grand plan elicited suspicion and even invited smirks.

Billy Markus and Jackson Palmer, a pair of software engineers, had been observing this trend. who thought that this whole crypto affair was being taken far too seriously. In response, they created a memecoin named Dogecoin in December 2013 to mock crypto maximalists. The memecoin soon became popular across the globe, thanks to it going viral on social media sites such as Reddit.

The token featured an image of an adorable Shiba Inu dog, a rare breed of hunting dog from Japan. Dogecoin went viral on social media platforms such as Reddit, gaining instant popularity worldwide.

Dogecoin soon earned a devoted following. Those who were interested in cryptocurrency but were not too serious about its alleged revolutionary potential were the first to flock to this memecoin. People who liked this breed of Japanese dogs also bought this memecoin. Anyone willing to casually engage with cryptocurrency also participated in the Dogecoin culture.

However, as it gained more traction in the market and its value increased, people began to buy this joke of a cryptocurrency in earnest. Today, it is the 10th largest cryptocurrency by market capitalization, and post the Ethereum Merge, has emerged as the second-largest Proof-of-Work (PoS) cryptocurrency after Bitcoin. In fact, the value and popularity of this memecoin grew so popular that it was the sleeve sponsor for the English football club, Watford F.C. for the 2021-22 season, as reported by The Atlantic.

Thanks to the popularity of Dogecoin, a herd of meme-inspired cryptocurrencies have mushroomed across the globe- Shiba Inu being the most popular among them. Over the years, more than 200 meme coins have been created since the launch of Dogecoin.

Within a few days of its launch, it rose from $0.00026 to $0.00095 in value, recording a significant hike of around 300%. In doing so, it quickly established itself as one of the market’s top-10 cryptocurrencies. Between January and May 2021, DOGE surged by more than 8,600%.

One of the reasons behind such a surge was it being mentioned on social media by tech and entertainment giants such as Elon Musk, Snoop Dogg, and Mark Cuban. On 8 May 2021, it hit an ATH of $0.7376.

As per TradingView, DOGE, at press time, was trading at $0.08346, with a market cap of 11,466,050,585. The eighth-largest cryptocurrency at press time had a 24-hour trading volume of $1,046,729,497.

Source: DOGE/USD, TradingView

A long-term Dogecoin developer Sporklin, now no more, once remarked,

“Dogecoin can be a joke and still be functional… While the branding is frontal jokes and memes, everything under that has been solid from the start.”

What is peculiar to Dogecoin is it is a fascination of the business magnate Elon Musk. Musk even supported Dogecoin on Twitter and once called it a hustle on an SNL episode, significantly pushing its price both times.

However, when the crypto-market crashed in May 2022 and a lot of Dogecoin investors also lost money, an investor named Keith Johnson filed a $258 billion lawsuit against Elon Musk and his companies, SpaceX and Tesla, for allegedly running what he called a “Dogecoin Crypto Pyramid Scheme.” In early September, Reuters reported that the lawsuit now has seven new investor plaintiffs and six new defendants.

So far, DOGE has been used to reward creative users on Reddit, Twitter, and other such networks for good content. People can also get tipped with DOGE in the eponymous online communities where the currency is popular. Another new concept for our readers might be the existence of Dogecoin faucets. A Dogecoin faucet is a website that gives you a Dogecoin for free so that you get introduced to the world of Dogecoins and become an active member of this meme coin community.

Dogecoin has also been used to raise funds for a number of causes. In 2014, the community came together to raise $50,000 worth of Dogecoins to build water wells in Kenya. The same year, a group of enthusiasts raised over $25,000 worth of dogecoins to let the Jamaican bobsleigh team attend the Winter Olympics in Sochi. In 2014 again, the community raised $55,000 worth of Dogecoins to sponsor the Nascar driver Josh Wise. “I can’t thank the dogecoin and Reddit community enough for the support… To the moon!” said Wise.

The growth of Dogecoin over these years has less to do with its infrastructure development and more to do with its strong mining community.

Only recently, Billy Markus, the co-founder of Dogecoin, rejected a $14 million offer to promote Dogechain, the unofficial layer-2 solution for the meme coin. Many believed that the decision reflected Billy’s loyalty to the Doge community. Decentralization is a central marker of this revolutionary financial system and forging an alliance with another group is a possible violation if the latter comes to dominate the system. Keeping the memecoin community fun and independent has been the cornerstone of the belief system underlying the growth of the community.

Today, Dogecoin is as mainstream as Bitcoin and is traded on all the major cryptocurrency exchanges such as Coinbase, Gemini and Binance.

Many prominent members of the blockchain and fintech communities are currently involved with Dogecoin. A foundation was formed in 2014 to support and govern the project but it dissolved over time. It was reinvigorated in 2021 by members of the original core team along with fresh faces and new seasoned advisors ready to grow Dogecoin for the decade ahead.

Its group of directors include Dogecoin founder Billy Markus, core developer Max Keller, Ethereum founder Vitalik Buterin, and Jared Birchall representing Tesla founder Elon Musk. Markus takes care of the community and memes, Keller handles technical aspects of the project, Buterin acts as the crypto-advisor for the foundation, and Birchall provides legal and financial advice.

We can see how a currency that began as a joke has come such a long way that the most prominent members of the crypto community are today leading, advising, and monitoring its development.

Let us explore how this fun cryptocurrency, one that claims to “Do Only Good Everyday,” will perform in the next few years.

Why these projections matter

Dogecoin is the pioneer among all the memecoins active in the market. It is only after the initial success of Dogecoin that other memecoins like Shiba Inu and Monacoin entered the market. In fact, at press time, it was among the market’s top 10 cryptocurrencies.

Dogecoin remains immensely popular among its core fanbase and other crypto-enthusiasts. Currently, its Twitter and Reddit communities have 3.7 million and 2.4 million members. A major reason behind its increasing value has been the support of these online communities.

In January 2021, its price saw a hike of 800% in just 24 hours when a subReddit named r/SatoshiStreetBets began pushing its price to make it the cryptocurrency equivalent of Gamestop. In early April 2021, it rose by 400% after popular crypto-exchange Coinbase went public and Elon Musk tweeted about Dogecoin.


How many DOGEs can you buy for $1?


Before investing in Dogecoin, it is wise that you should be aware of its previous performance, studies and market predictions. It is precisely for this reason that we are providing a summary of most reliable predictions regarding Dogecoin, in addition to the Fear & Greed Index.

Dogecoin’s price, market cap and everything else

The way Dogecoin began as a mockery of Bitcoin and other cryptocurrencies, its performance also broadly mimicked the performance of those currencies. Adverse market conditions towards the end of Q2 in 2022 completely ravished the crypto-market and Dogecoin couldn’t escape its brunt either.

In 2021, it remained one of the best-performing cryptocurrencies, peaking in May with an ATH of $0.7376 and a market cap of over $0.7 billion. Then it quickly began descending. 2022 began with a fairly decent start for the cryptocurrency, with a price of around $0.17 in early January. But since then, it has lost over 60% of its value.

It was in May 2017 that its market capitalization crossed $100 million and by the end of 2017; it crossed $1 billion. During 2018-20, the market cap of Dogecoin couldn’t cross the $1 billion mark. However, come 2021 and like its price, its market cap also kept soaring. In April, it hit $52.65 billion, before reaching the $88.68 billion mark in early May. It ended the year 2021 with a market cap of over $22 billion.

Early 2022 was also fairly blissful for Dogecoin, though not as good as the previous year. In early April 2022, its market cap was $19.84 billion. Alas, since May, the same has been falling from around $17 billion.

What is peculiar to Dogecoin is it being a subject of fascination for business magnate Elon Musk. Musk even supported Dogecoin on Twitter and once called it a hustle on an SNL episode, significantly pushing its price both times.

 

It has also won the support of other celebrities, such as Mark Cuban and Snoop Dogg too. While the former’s NBA team Dallas Mavericks has been accepting Dogecoin as a payment currency, the latter supported Musk in his support for the meme coin on Twitter.

Another distinction between Dogecoin and other cryptocurrencies is that there is absolutely no cap on the number of Dogecoins that can be issued. Its website claims that it “has a diminished inflation rate because it has a fixed yearly issuance of 5 billion coins.”

Dogecoin’s 2025 Predictions 

Investors should understand that different analysts look at different sets of parameters to forecast market metrics. Different analyses can therefore widely vary. We should also remember that unexpected macroeconomic forces such as government regulations and wars cannot be foreseen. Market changes its course wildly during such changes. No prediction is therefore set in stone.

Now, let us see how different analysts have predicted the future of Dogecoin in 2025.

Coin Journal is rather bullish about the future of Dogecoin as it predicts its wider utility as more and more merchants begin accepting it as a mode of payment, raising its price to $1.18. 

A Changelly blogpost mentions that the maximum and minimum prices of DOGE in 2025 will be 0.239 and 0.279. It predicts a potential ROI of 221.8% for DOGE in the said year. 

Benzinga also predicts that the end of 2025 could be the beginning of the next bear market, causing DOGE to consolidate around the $0.20 mark.

Dogecoin’s 2030 Predictions 

Even though predicting market metrics 8 years down the line is very speculative, it is nonetheless helpful to study the predictions of reliable crypto analysts regarding Dogecoin in 2030.

CoinJournal is quite hopeful in its assessment of Dogecoin, predicting that it will be trading at $2.59 in 2030.

A Changelly blogpost predicts that DOGE will be traded for at least $1.5 in 2030, with a possible peak price of $1.81. Its average price is expected to be around $1.55 in 2030.

According to Benzinga, Dogecoin could rise and take new ATHs of $1.30 if it builds a robust network effect and strong community.

Though we must understand that the further we look into the future, the harder it becomes to predict the prices of a currency. It becomes especially challenging in a market as volatile as cryptocurrency.

We must understand that the further we look into the future, the harder it becomes to predict the prices of a currency. It becomes especially challenging in a market as volatile as cryptocurrency.

Experts opine that influencer marketing and promotions will also heat up DOGE’s price. It will also grow at a substantial rate. Features such as zero staking rewards and lack of new use cases will also impact the market.

Here, it’s worth pointing out that perhaps, Dogecoin doesn’t follow the traditional rules of a regular asset since it is a memecoin. Just consider what Panxora Hedge Fund’s Gavin Smith has to say –

“Detractors of the token forget that community is at least as important as uniqueness in the crypto-space.”

There’s the matter of updates too. Ordinarily, people would associate new upgrades and updates with a hike in the crypto’s price. However, has that been the case for DOGE? Well, not quite. In fact, Musk has been more useful as a catalyst. In fact, Finder’s panel seemed to agree with the said proposition.

Source: Finder

Conclusion

The primary factors that affect the performance of Dogecoin are:

  • Impact of Bitcoin on the broader crypto market
  • Support of influential figures such as Elon Musk
  • DOGE’s comparatively lower price
  • Highly decentralized structure.

“Bitcoin Jesus” Roger Ver once famously said that the memecoin is superior and better than the pioneering cryptocurrency – Bitcoin. Now, whether the aforementioned predictions will come true or not depends on a lot of factors, some of which cannot be foreseen. Even so, for an altcoin that began as a joke, Dogecoin has certainly come a long way.

Morgan Creek Capital Management Chief Investment Officer Mark Yusko recently launched a stinging attack on Dogecoin, saying that meme coins don’t have any value. “The speculative nonsense like Dogecoin, why does it even exist,” Yusko asked during a YouTube show with crypto analyst Scott Melker.

Dogecoin was the first memecoin that successfully wedded the financial potential of cryptocurrency with the fandom of meme culture, making it accessible for new crypto users. In addition, celebrity endorsement also added immensely to its popularity. Today, it is counted among the most valued cryptocurrencies.

Elon Musk’s takeover of Twitter has certainly piqued an interest in Dogecoin. In October 2022, Musk introduced a Boring Company fragrance on Twitter, which could be bought with Dogecoin. The announcement had an instant impact as Dogecoin’s price quickly rose. In November 2022, Musk unpacked Twitter 2.0 and outlined several potential changes, including a blank space next to payments. This has led to many people to speculate that a cryptocurrency may be used but there is no certainty so far. 

In October 2022, Google Cloud and Coinbase announced a collaboration for Web 3.0 development projects. Certain customers will be able to pay for these services using cryptocurrencies, such as Dogecoin. We’ll have to wait and see if the decision is implemented and if other companies will follow suit.

Blockchain security firm Halborn released a report on 13 March that highlighted major vulnerabilities known as “Rab13s” plaguing more than 280 blockchains, including Dogecoin. According to Halborn, it was hired to inspect Dogecoin’s code in March 2022, with the project soon patching any vulnerabilities it discovered.

Dogecoin’s Fear and Greed Index stood at the ‘extreme fear’ mark at press time.

Source: CFGI.io

We have seen how the performance of memecoin gets affected by macroeconomic factors, besides the developments in the crypto industry. Investors looking to gain on funds invested in Dogecoin should keep looking for such factors.

Polkadot (DOT) Price Prediction 2025-2030: DOT to the moon with Spacewalk?

https://ambcrypto.com/polkadot-dot-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

On 28 March, the Polkadot (DOT) network announced a major partnership with the Stellar network in order to increase liquidity. The two networks will be linked by the Spacewalk bridge. The latter is a new variation on one of Polkadot’s parachains, Pendulum Chain.

Within a day of the announcement, the price of DOT increased by 7% to $6.2743. Despite this upward trend, DOT’s price may encounter some resistance near the $6.35 level. With a press time price of $6.16, DOT was rapidly approaching the resistance level. The volatility of DOT also highlighted the resistance expectations further down the road.


Read Price Prediction for Polkadot [DOT] for 2023-24


In a blog post published on 26 September 2022, the Polkadot team provided updates on their Roadmap Roundup.

The post described the Asynchronous Backing which aims to accomplish three things: reduce the duration of parachain blocks to six seconds, increase the amount of block space available to each block by a factor of 5-10, and allow parachain blocks to be reused when they don’t make it onto the relay chain on the first try.

The same is just more evidence of the consistent level of development activity around the project. For instance, on 21 November, Bifrost announced liquid staking via a Polkadot blockchain on Twitter.

The transactions per second (TPS) capacity of the network is also expected to increase in aggregate to 100,000-1,000,000, thanks to the update.

Prior to its launch, the Polkadot project had raised over $144.3 million through the Web3 Foundation in an ICO itself in October 2017. DOT was trading at $6.30 in August 2020 and kept oscillating between $4 and $5 throughout the rest of 2020.

The crypto bloom of 2021 proved to be wondrous for Polkadot too. Throughout the year, it remained bullish and reached its ATH of $55 in November. Similarly, the crypto crash witnessed in the second quarter of 2022 impacted its performance adversely. By mid-July, it was trading at just a little above $6. 

At press time, DOT was trading at $6.409, with a market cap of 7,449,130,115. Its daily trading volume was $140,137,385, making it the 12th-largest cryptocurrency in the world.

Source: DOT/USD, TradingView

A proof-of-stake (PoS) blockchain, Polkadot recently upgraded to the v9270 version, which was reflected in some upward movement in its price. A few days back, its performance was rather resurgent. But with the Merge, Ethereum has emerged as a serious competitor of Polkadot as an alternative PoS blockchain and DOT’s price has been plunging since.

Polkadot Co-Founder Robert Habermeier, however, claimed that he was happy to see Ethereum transition from PoW to PoS mechanism. In fact, he viewed Polkadot as an “ETH collaborator.”

In December 2021, the largest telecommunication company in Europe, Deutsche Telekom, bought a large amount of DOT tokens. T-Systems Multimedia Solutions, its subsidiary, has also bought a large amount of DOT tokens to help groups staking on the Polkadot network. 

Working on the proof-of-stake consensus mechanism is unique in supporting multiple interconnected chains, helping it earn a large number of users. 

Shawn Tabrizi, the lead developer at Polkadot network, talked about the possibility of “a cohesive, multi-blockchain future” during an interview in February 2022. He also stressed the need to preserve the fundamentals of data privacy in the Polkadot ecosystem. 

The Polkadot infrastructure supports two kinds of blockchains, relay chains, and parachains. 

The central blockchain of the Polkadot infrastructure is the Relay Chain, where validators provide consensus for a transaction. The Relay Chain is built in a way to coordinate the management and operation of the whole Polkadot infrastructure, with minimal functionality in regard to other applications. 

A parachain, on the other hand, is an application-specific chain on the Polkadot infrastructure that is validated by the validators of the Relay Chain itself. Since these chains run parallel to the Relay Chain, they are called parachains. It is here that developers can develop both applications and their own blockchains.

All of these parachains can communicate with each other on the network. In short, this cross-chain technology facilitates the transfer of both assets and data across blockchains. Users, therefore, don’t have to depend on a particular system for all of their cryptocurrency transactions. 

Polkadot parachains can easily communicate with other blockchains existing on Ethereum and Bitcoin networks. The blockchain also provides better control, flexibility, and security, reducing the risk to its miners due to unauthorized validators. Acala, Moonbeam, Clover, Astar, and Parallel are some of the oldest projects running on the Polkadot network. The blockchain is growing rapidly and seems to promise a reliable future to its users. 

Wood believes that from a Web 3.0 perspective, the inter-chain blockchain protocol of a network like Polkadot will connect different technological threads into a single economy and movement.

The ability to communicate without the need to trust each other is the cornerstone of the Polkadot system. The parachain auctions of Polkadot can truly build a democratic internet space as decentralized or distributed network architectures form the infrastructure of the online world. 

In May last year, a Polkadot upgrade enabled parachain-to-parachain messaging over XCM. The XCM format is aimed at helping the Polkadot network become a fully interoperable multichain ecosystem. XCM allows communication not only between the parachains themselves but also between smart contracts and decentralized applications. 

As a blockchain running on the PoS consensus mechanism, Polkadot is one of the most eco-friendly blockchain cryptocurrencies. 

The PoS method is more sustainable than the PoW method as there is no race to mint more coins. 

As per a new study by the Traders of Crypto, Polkadot, along with Cardano and Algorand, are among the most environment-friendly cryptocurrencies. With annual CO2 emissions of 50 tonnes, Polkadot is the fourth most eco-friendly cryptocurrency. 

For eco-conscious investors, Polkadot has remained the preferred option for years and continues to be.

Source: TradersOfCrypto

The ongoing Russia-Ukraine conflict had a devastating effect on the international community. The crisis abetted the crash of the cryptocurrency industry, but industry leaders and hundreds of others nonetheless came together to support Ukraine in her moment of vulnerability. In May 2022, Polkadot co-founder Gavin Wood donated 298,367 DOT worth $5.8 million to Ukraine.

The contribution of the crypto community has also been acknowledged by Mykhailo Fedorov, Vice Prime Minister of Ukraine. On 17 August 2022, he tweeted that $54 million from these funds has been spent on military gear, including rifle scopes, vests, helmets, and tactical backpacks.

A Forbes report quotes Bilal Hammoud, CEO, and founder of National Digital Asset Exchange, “Polkadot’s mission is to securely allow Bitcoin and Ethereum to interact with each other in a scalable manner… Imagine if you store your wealth in Bitcoin and use that Bitcoin on an Ethereum dApp [decentralized application] to take out a loan for a house quickly and securely.”

The interoperability and scalability of the Polkadot infrastructure have helped it endear itself to a lot of enthusiastic developers, thereby significantly raising the value of DOT.

Why these projections matter

Among all the market’s leading cryptocurrencies, what is peculiar to Polkadot is that it offers an opportunity to users to operate and transact across blockchains. With a circulating supply of 1.17 billion DOTs, Polkadot is the 12th largest cryptocurrency in the market today.

This also makes DOT one of the most closely observed cryptocurrencies in the market. Ergo, it is critical investors and holders remain aware of what popular analysts have to say about the future of DOT.

In this article, we will briefly summarize the key performance metrics of DOT such as price and market cap. Thereafter, we will observe what the most popular crypto-market analysts have to say about the current and future states of DOT, along with its Fear & Greed Index. We will also present metric charts to complement these observations. 

Polkadot’s Price, Market Cap, and everything in between

Polkadot performed very well during the crypto-bloom of 2021, crossing the price level of $20 in early February and $30 in mid-February. It breached the $40-mark in early April and kept going up and down for the next few months. After going through a rough patch, it hit an ATH of $55 in early November.

The last month of 2021 was a difficult period for the entire cryptocurrency market. Things were no different for Polkadot, with DOT trading at just a little above $26 on 31 December.

Come 2022 and the Russia-Ukraine crisis further pushed the market into chaos. In January-February, DOT was trading at around $18-20. It was thought that the Ukrainian government’s decision in March to accept donations in DOT would improve its prospects. Alas, it hardly made any difference, as it was only in early April that it crossed the price mark of $23.

In May 2022, the collapse of both LUNA and TerraUSD sent shockwaves across the entire cryptocurrency industry. In fact, on 12 May, DOT’s price plummeted to $7.32. June and July also remained dismal for the entire cryptocurrency market, with DOT dipping to as low as $6.09 on 13 July. The news of the Japanese crypto-exchange Bitbank listing Polkadot on its platform in early August brought some respite, though.

Polkadot has also been scoring on other fronts. For instance, look no further than Messari’s latest Q4 2022 report. The report reveals an increase in their daily active accounts by 64%, while new accounts jumped by 49% in Q4 of 2022. The circulating supply slightly increased, while the circulating market cap noted a small drop.

Similarly, developer activity has been positive for Polkadot too. In May and June, for instance, it had the highest dev count. Over the course of 2022, the same for Polkadot has been second only to Solana.

Source: SubWallet

Understandably, the market capitalization of Polkadot also mirrored the sentiment of the market. 2021 remained a blessed year for cryptocurrency, with its market cap soaring to nearly $45 billion in mid-May. However, the mayhem of the second quarter of 2022 crippled the Polkadot ecosystem. 

Polkadot’s 2025 predictions 

We must first understand that the predictions of different analysts and platforms can widely vary and predictions can more often than not be proven wrong. Different analysts focus on different sets of metrics to arrive at their conclusions and none of them can predict unforeseen political-economic factors impacting the market. Now that we have understood this, let’s look at how different analysts predict the future of Polkadot in 2025.

Changelly predicts a slightly optimistic projection of Polkadot in 2025. According to Changelly, the maximum and minimum prices of DOT in 2025 will be $22.06 and $18.58. Its average trading cost will be $19.09.

DigitalCoinPrice predicts the maximum and minimum prices of DOT in 2025 to be $21.48 and $18.18. On average, it will be traded at $20 in 2025, it predicts. 

A Bloomberg news story published in February 2022 revealed that according to a Crypto Carbon Ratings Institute study, Polkadot has the lowest total electricity consumption and total carbon emissions per year of the six so-called proof-of-stake blockchains. In fact, it only consumes 6.6 times the annual electricity consumption of an average American household. 

Given the high-decibel conversations around the energy usage of cryptocurrencies, Polkadot’s energy efficiency is likely to attract the attention of customers.

Polkadot’s 2030 predictions 

The aforementioned Changelly blogpost is very bullish in its assessment of Polkadot’s performance in 2030. It argues that as per experts, Polkadot will be traded for at least $126.69 in 2030, with its maximum possible price being $147.24. Its average price in 2030 will be $131.03, it predicts. 

DigitalCoinPrice has a comparatively moderate projection of Polkadot, predicting that its average price in 2030 will be $63.44. Its maximum and minimum prices in 2030 will be $64.7 and $60.12.

Here, it is worth highlighting that predicting a market 8 years down the line is difficult. Ergo, investors should conduct their own research before investing and be wary of caveats attached to popular projections. Especially since right now, despite DOT’s recent rallies, the technicals for the altcoin aren’t all bullish. In fact, safety first might be the best option right now. 

The Fear and Greed Index was flashing a ‘neutral’ signal at press time.

Source: CFGI.io

Conclusion

Although DOT has witnessed bullish runs at intervals, its price movement remains very unpredictable. Though its announcement of it not being a security elicited a positive market reception, it didn’t last long due to the ongoing squabble regarding FTX. Investors should be alert for any sudden changes in attitude, though the market is still unpredictable.

In comparison to other blockchains, Polkadot offers more power to its token holders, such as the roles of nominators, collators, and fishermen, besides that of validators. In short, DOT holders can not only mine the currency but be active participants in the blockchain in other capacities as well. This feature puts Polkadot above other PoS blockchains in the race. 

Over the years, Polkadot has attracted investments from a number of venture organizations such as Arrington ARP Capital, BlockAsset Ventures, Blockchain Capital, and CoinFund. At one point in time, even Three Arrows Capital had also invested a significant amount in the venture. 

An ambitious venture, Polkadot intends to compete with Ethereum. Though its interoperability has the potential to attract a lot of projects, only a small number of them have come aboard the network. Notwithstanding the reputation of Ethereum, Polkadot is a relatively new venture and can perform better in upcoming years given it is able to attract larger projects. Its efficiency and scalability should come in handy in this endeavor. 

Polkadot limits the number of parachains it can support to around 100. Since the supply is limited, parachains are allocated through auction, governance system, or parachains. 

Only recently, the Kylin network became the winner of the 25th parachain auction on the Polkadot network, making a huge stride in the direction of Web 3.0 and DeFi development. Kylin won the offer with a bid of around 150,000 DOT. 

The Web3 Foundation even today uses the proceeds from the sale of DOT tokens to support initiatives and projects being built on the Polkadot network. This foundation is governed by the Foundation Council, consisting of Dr. Gavin Wood, Founder-President, Vice President Dr. Aeron Buchanan and Reto Trinkler. The support provided to the network by such a reputed organization speaks volumes about the trust put in the future of the Polkadot blockchain network.

Only recently, Web3 Foundation, in association with the online education platform edX, launched a course on cryptocurrency, Web3, blockchain technology, and Polkadot. “It’s extremely important that we continue to provide key knowledge around the fundamentals of both Web3 technology and the Polkadot network to help guide the next generation of talented builders, developers, and entrepreneurs in the blockchain sector,” said Bertrand Perez, CEO of Web3 Foundation.

The Web3 Foundation, which supports the Polkadot protocol, has again presented its argument that its native DOT token is not a security. In a Twitter thread, the Foundation emphasized its efforts to comply with U.S. securities laws, as well as Securities and Exchange Commission guidance on digital assets, and declared that DOT had successfully “morphed” and is software, not a security.

A few days back, the KILT Protocol created history by becoming the first parachain to accomplish a full migration from the Kusama Relay Chain to the Polkadot Relay Chain.  In cases where the stability and bank-level security of Polkadot is integral to a parachain’s ultimate design and purpose, Kusama is very beneficial as an initial development environment that presents an upgrade path to Polkadot.

Security on the Polkadot ecosystem remains a concern for investors. A blockchain security firm named Slowmist recently published a finding that over $52 million worth of cryptocurrency was hacked over the Polkadot ecosystem in Q3 2022. 

“If you are new to the [cryptocurrency] space, you have to invest your time reading and investigating the projects you are interested in,” Hammoud advised. “Remember that the space is young, and there are many opportunities to learn and make the right investment decisions.”

It must be reiterated, however, that predictions aren’t set in stone and due caution should be taken by investors before investing in the market. 

Investors remain concerned about the security of the Polkadot ecosystem. Slowmist, a blockchain security firm, recently revealed that over $52 million in cryptocurrency was hacked in the Polkadot ecosystem in the third quarter of 2022.

Polkadot (DOT) posted its weekly roundup earlier this week, which mentioned all the notable developments that happened in its ecosystem during the last seven days. The developments were not only confined to Polkadot, but also included updates for its parachains and other networks.

One factor that could impact the future of Polkadot is the emergence of new blockchain platforms that offer similar features and functionality. As the market becomes more crowded, it may be more difficult for Polkadot to stand out and attract new users. 

SafeMoon (SFM) Price Prediction 2025-2030: Exploit causes chaos, SFM suffers

https://ambcrypto.com/safemoon-sfm-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

As soon as SafeMoon upgraded its smart contracts, an exploiter detected and exploited a bug in the code that led to the loss of $8.9 million from the memecoin’s liquidity pool.

As a result of the incident, the price of the Safemoon (SFM) token fell by 35% to $0.00016736. 

The banking crisis following the collapse of the crypto-friendly Silicon Valley Bank (SVB), in addition to regulatory actions, has certainly affected the performance of most cryptocurrencies adversely. But Safemoon (SFM) has kept itself afloat, thanks to its strong community.


Read Price Prediction for SafeMoon [SFM] for 2023-24


Safemoon has been heavily marketed as a long-term investment opportunity. To accomplish this, it increases transaction fees by 10%, with coin owners receiving 50% of the funds. Safemoon has had a difficult year, with the company accused of price manipulation through celebrity endorsements, prompting some investors to sue. 

Since its introduction, SafeMoon has outperformed most top meme coin projects’ ROI, where most of them have been operating for a year. In fact, once upon a time, SafeMoon’s CMC page had more visits than Bitcoin (BTC) and Ethereum (ETH) combined. SafeMoon, at the time, received a breakout reaction, or nearly a million searches, according to Google’s trending statistics of the globe filter.

In 2021, SFM significantly repaid its investors. Given how volatile the crypto market is, it is impossible to predict the price of SafeMoon or any other cryptocurrency in the future. However, given that SafeMoon switched to V2 in December 2021, the performance of SFM Coin in the future is promising. This coin is actively promoted by the SafeMoon army, which works nonstop day and night.

This article will take a look at SafeMoon’s recent market activity, paying particular attention to its market cap and volume. With the aid of datasets like non-zero addresses, whale transaction counts, etc., the same will be expanded upon. The most well-known analysts’ and platforms’ predictions will be summarized at the end, along with a look at the Fear & Greed Index to gauge market sentiment.

SafeMoon’s price, volume, and everything in between

SafeMoon was launched in March 2021 with a supply of 777 trillion tokens. Its rising popularity, coupled with the crypto-boom of 2021, proved to be extremely successful for the coin as its price hit an ATH by around mid-April.

By the end of October, its price continued to hit new levels and sustain previous levels whenever drawdowns came to be.

At press time, SFM was trading at $0.0002065, with buy pressure prevalent in its market.

Source: SFM/USDT, TradingView

The popularity of SafeMoon earned it a huge number of users. Launched in March 2021, its market capitalization grew exponentially within a matter of a few weeks, peaking at $5.75 billion in mid-May. By the end of October 2021, SafeMoon’s market cap was above $3.65 billion.

During the crypto-collapse of 2022, the market capitalization of SafeMoon fell from $1.4 billion (early January) to a little over $215 million. In 2023, it has fallen even further to $130 million.

According to CNBC International’s estimation, the tremendous flood of stimulus from governments and central banks throughout the world to treat the coronavirus epidemic will only enhance investment in the SafeMoon trade, according to proponents of the cryptocurrency. They contend that such activities reduce the value of fiat money, making SafeMoon a profitable investment for holders of cryptocurrencies.

Several celebrities, including the Backstreet Boys’ member Nick Carter, the young rap sensation Lil’ Yachty and Youtuber Logan Paul, have endorsed SafeMoon. The coin has also been subject to several lawsuits, however, with some accusing it of recruiting celebrities to help shoot up its price.

One of the more recent incidents in the SafeMoon celebrity endorsement saga was when SafeMoon investors brought a lawsuit against Barstool Sports founder, Dave Portnoy. Portnoy was in the news in September 2021 when he invested $40000 in SafeMoon, calling the crypto his “favorite sh*tcoin”.

Investors accused him of pumping the crypto and then dumping his positions. However, Portnoy claimed that he did not make any money on his investment and as a matter of fact lost a significant part of his investment.” Im only guy who loses all his money in safemoon and gets sued for it,” he added.

However, the legal information website named Justin revealed that on 9 September, the plaintiffs filed a notice of dismissal in regard to Portnoy.  

Towards the end of July, Bloomberg reported that SafeMoon had entered into a partnership with Pige Inu. The joint venture will see collaboration on Twitter as well as listing the latter on SafeMoon Swap. 

That was not the only new listing for SafeMoon Swap in July. As per a report by Insider, SafeMoon had announced a corporate partnership with MetFX. As per the partnership, the project will be listed for trading on SafeMoon Swap.

Over the coming year, it would certainly surpass all restrictions and bring good fortune to anyone who invested in it. In fact, by the end of 2021, SafeMoon’s price easily hit $0.000001367 thanks to strong smart contracts.

Social sentiment

Data from blockchain analytics firm Santiment revealed that market events have been able to influence SafeMoon’s popularity. Positive sentiment as well as its social dominance were at the low mark, at press time.

Both these metrics had first peaked in the aftermath of Terra’s collapse. Thereafter, it saw a spike in the month of August and September. But after 6 September, it has been on a consistent decline. 

SafeMoon’s 2025 Predictions

A Changelly blogpost says that crypto experts have analyzed the price of SafeMoon since its launch. SFM will be traded at around $0.00000002 in 2025.

Telegaon is, however, very optimistic about the future of SafeMoon. In 2025, it predicts that SFM will be traded at as high as $0.0012 and as low as $0.00072. Its average price throughout the year will be $0.0084, Telegaon predicts. 

DigitalCoinPrice predicts that SFM’s average price in 2025 is going to be $0.0000000220, with its minimum and maximum prices to be $0.0000000191 and $0.0000000227.

SafeMoon’s 2030 Predictions

The Changelly post mentioned above predicts that SFM will be traded at as high as $0.00000012 and as low as $0.0000001 in 2030. Its average price in the said year will be $0.0000001.

Telegaon is again very bullish in its assessment of the future of SafeMoon in 2030, predicting that it will be traded at as high as $0.011 and as low as $0.038. Its average price in the said year will be $0.024. 

DigitalCoinPrice is not so optimistic about its performance in 2030 either, predicting that it will trade for $0.0000000657 on average. Its maximum and minimum prices will be $0.000000068 and $0.0000000633.


Are your SFM holdings flashing green? Check the profit calculator


At press time, the Feart and Greed Index of the overall crypto market was in the ‘Greed’ category.

Conclusion

SafeMoon employs a staking algorithm due to which you can gain more on your investment. Its staking algorithm lets users earn more interest on their investments than they would with traditional investment options such as stocks or bonds. It gained attention in the market with the launch of SafeMoon V2 in December last year. It brought with itself a 1000:1 consolidation update with a new total SFM supply of one trillion.

SafeMoon is still a respectable currency to invest in for good future profits. Being a meme coin, the asset is subject to significant price fluctuations. It is fortunate that it is a desirable alternative, given its low cost. The asset has some promise, as evidenced by the aforementioned Safemoon projections.

The SafeMoon community also remains very strong, always making efforts to take it to newer heights. In fact, it won the Crypto-Community of the Year Award 2021 at the AIBC Summit held in Malta. 

If we observe the price movement of SafeMoon over the past few months closely, we can expect an upward movement because it shows a breach from a falling resistance line and subsequent validation as support.

SafeMoon, like most memecoins, began its journey by mocking the craze of cryptocurrency. However, it quickly went viral and gained traction. The SafeMoon team quickly realized where it could go and soon launched the SafeMoon Wallet. The group has learned to ride on its influence over time.

An investor, who had previously sued the creators of the Safemoon token for allegedly defrauding investors by artificially inflating the price of the tokens through false statements, dropped his class action last week. As this news emerged, the token’s price skyrocketed to $0.00000196. But it soon dropped to its usual price. 

SafeMoon, like most memecoins, began by mocking the cryptocurrency craze. It quickly went viral and gained traction. The SafeMoon team quickly recognized its potential and launched the SafeMoon Wallet. Over time, the group has learned to rely on its power.

Safemoon describes itself as “a human-focused technology and innovation business advancing blockchain technologies for a brighter tomorrow.” The project’s early days as a pure deflationary tokenomics endeavor seem very different from such a tagline. The official Twitter and Reddit accounts have 1.3 million and 296,000 followers respectively

In December 2022, SafeMoon released the SafeMoon Token Monetization Innovation (TMI). The SafeMoon TMI changes the decentralized exchange landscape to free up additional access for token partner listings. It essentially expands the availability of Web 3.0 for more participants by making token inclusions more accessible to token liquidity providers and unlocking additional community potential to partner with meaningful projects.

Only three hours after SafeMoon upgraded its smart contracts, an exploiter discovered and exploited a bug in the code, resulting in a loss of approximately $8.9 million from the memecoin’s liquidity pool.

However, the exploiter who first exploited the vulnerability was quickly outpaced by another address.

The front runner said to SafeMoon’s deployer contract:

“Hey relax, we are accidentally front running an attack against you, we would like to return the fund, setup secure communication channel, let’s talk,”

The front-runner now has a separate wallet containing closer to $8.66 million.

Safemoon’s price has not been very volatile because it is a low-risk investment. SafeMoon’s future is uncertain, as is the future of all cryptocurrencies. This was apparent during the recent crypto crisis due to SVB’s failure too. However, it has the potential to soar if it can successfully adapt to new technological and market changes.

Ripple (XRP) Price Prediction 2025-2030: XRP soars as SEC case nears

https://ambcrypto.com/?p=302258

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Ripple (XRP) is a cryptocurrency that is designed to facilitate fast and cheap cross-border money transfers. It is the native token of the Ripple network, a decentralized payment protocol that is designed to connect banks, payment providers, and digital asset exchanges. Ripple aims to improve the speed and efficiency of cross-border payments by using XRP as a bridge currency.


Read Price Prediction for Ripple (XRP) for 2023-24


One of the key advantages of XRP is its speed. Transactions on the Ripple network can settle in just a few seconds, compared to several minutes or even days for traditional wire transfers. This makes it an attractive option for businesses and individuals looking to send money across borders quickly and cheaply.

After the company was established, the XRPL architects gifted 80 billion XRP tokens to Ripple for the company to build on the network. The XRP Ledger uses a consensus system that involves several bank-owned servers to verify transactions. The validators verify that the proposed transactions are valid by comparing them to the most recent version of the XRP Ledger.

A transaction must be accepted by the majority of validators to be verified. According to data from CoinMarketCap, XRP was trading at $0.4445 at press time. The token’s market capitalization of $22,734,327,572 makes it the sixth largest cryptocurrency in the world. XRP had a 24-hour trading volume of $1.5 billion at the time of writing. Data from Coinglass shows that the total open interest on XRP futures grew by +7.99% over the past 24 hours until press time.

The XRP ledger uses distributed ledger technology, which is different from the more commonly used blockchain technology. This technology allows bank and non-bank actors to incorporate the Ripple protocol into their own systems, as the protocol is completely open and accessible to anyone without prior approval from Ripple Labs.

In 2017 and early 2018, XRP reached an all-time high of $3.40, marking a 51,709% increase from its original price at the beginning of that year. Although it has since declined, XRP remains a significant player in the cryptocurrency market and is consistently ranked among the top ten coins in terms of market capitalization. The team behind XRP and Ripple continue to work on the development of the XRP ledger and its potential use cases in the global financial system. Overall, XRP remains a significant and influential cryptocurrency in the world of finance and technology.

In 2020, the US Securities and Exchange Commission (SEC) sued Ripple, alleging that the company sold $1.3 billion in unregistered securities through its XRP cryptocurrency. Ripple denies the allegations, claiming that XRP is not a security and does not meet the criteria for the Howey Test.

A report by CoinShares indicated that investors are confident of Ripple’s victory in the landmark case against the SEC. This is based on the fact that XRP investment products have seen consistent inflows for three consecutive weeks.

On the business front, Ripple revealed key developments pertaining to its European expansion. The company shared its progress with Paris- based Lemonway and Xbaht in Sweden. Businesses in France and Sweden will now be able to leverage Ripple’s On-Demand Liquidity (ODL).

On 15 November, Ripple announced that it partnered with MFS Africa, a leading FinTech firm with the largest mobile money footprint in the continent. This joint venture seeks to streamline mobile payments for users in 35 countries.

In other news, Ripple CTO David Schwartz took to Twitter to offer former employees of the troubled crypto exchange FTX, a place at Ripple. However, this offer only stands for employees who were not involved with compliance, finance, or business ethics.

About the platform

Ripple’s tie-up with Tokyo Mitsubishi Bank in 2017 was a major milestone. Following the same, it became the second-largest crypto by market capitalization for a brief period. A year later, Ripple was in the news again for its partnership with international banking conglomerate Santander Group for an app focusing on cross-border transactions.

In terms of rivals, Ripple has close to none at the moment. They are the leading crypto firm catering to financial institutions around the world. As the number of partnerships grows, XRP will reap the benefits. After all, it is the medium of exchange for all cross-border transactions enabled by RippleNet.

Ripple has been capitalizing on the need for quick transactions and another untapped potential in emerging economies, given that nations in Latin America and Asia-Pacific regions are more likely to realize the value of blockchain and its tokens compared to their first-world counterparts. With the rise of central bank digital currencies (CBDC), it is likely that developing countries looking to explore this option will go for Ripple, since it already offers a well-established cross-border framework. Increased adoption of CBDCs will also lead to banking institutions considering integrating crypto into their services. This will work out very well for Ripple, since RippleNet is already associated with a number of banks.

Blockchain solutions being offered to Ripple’s Central Bank partners wanting to venture into CBDCs include the option to leverage the XRP ledger using a private sidechain.

Ripple is predicted to develop rapidly over the forecast period, as it can be used for a variety of functions like accounting, investment, smart contract implementation, and decentralized programming.

XRP has an edge over its rivals due to its low cost of entry. The fact that a few dollars will buy tens of XRP seems appealing to new investors, especially those who prefer little investment.

According to a Valuates report, the cryptocurrency market’s size is expected to hit $4.94 billion by 2030, growing at a CAGR of 12.8%. A number of crypto-firms will benefit from this, Ripple among them.

The growth in the cryptocurrency market is spurred by an increase in the demand for operational efficiency and transparency in financial payment systems, as well as an increase in demand for remittances in developing nations.

The general idea is that RippleNet’s adoption by financial institutions will increase, leading to more recognition of the platform as well as its native token. This has also been factored in while calculating predictions for 2025 and beyond.

According to data from CoinMarketCap, XRP is currently trading at $0.5180, up 2.06% in the past 24 hours. The token’s market capitalization stood at $26,608,919,144 at press time, making it the sixth largest crypto in the world. 

Source: XRP/USD on TradingView

XRP’s press time price was a far cry from its all-time high of $3.84 in January 2018. As a matter of fact, its price was closer to its launch price than its all-time high.

Although XRP gained somewhat over the last three months, its recent returns have made investors worried.

SEC lawsuit and its impact

On 22 December 2020, the U.S Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs. The lawsuit alleged that Ripple had raised $1.3 billion through the sale of ‘unregistered securities’ (XRP). In addition to this, the SEC also brought charges against Ripple’s top executives, Christian Larsen (Co-founder) and Brad Garlinghouse (CEO), citing that they had made personal gains totaling $600 million in the process.

The SEC argued that XRP should be considered security rather than a cryptocurrency and as such, should be under their purview.

A verdict in favor of the SEC will set a rather unpleasant legal precedent for the broader crypto market. This is why this case is being closely observed by stakeholders in the industry.

It is evident that developments in the lawsuit have a direct impact on XRP’s price. Following the news of the lawsuit in 2020, XRP tanked by almost 25%. In April 2021, the judge handed Ripple a small victory by granting them access to SEC’s internal documents, which caused XRP to rise over the $1-mark – A threshold that the crypto hadn’t crossed in 3 years.

According to a tweet by Defense Attorney James Filan on 15 August 2022, the U.S District Court for the Southern District of New York dealt yet another blow to the SEC when Judge Sarah Netburn granted Ripple’s motion to serve subpoenas to obtain a set of video recordings for the purpose of authentication, dismissing the regulators claim that Ripple was trying to reopen discovery. This was in response to Ripple’s motion filed on 3 August 2022.

In the Opinion & Order published earlier in July, Judge Sarah Netburn condemned the SEC for its “hypocrisy” and actions which suggested that the regulator was “adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.”

The lawsuit’s verdict, whatever it is, will have a lasting impact on XRP’s value. It is important to note that a verdict in favor of the SEC would make XRP security only in the U.S. because the regulator does not have jurisdiction across the country’s borders. This should offset some of the damage to Ripple, given that it has a substantial amount of business globally.

Carol Alexander, Professor of Finance at the University of Sussex, believes that XRP is unlike any other crypto. She believes that if Ripple manages to beat the SEC lawsuit, it could start taking on the SWIFT banking system. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions.

In an interview with CNBC, Ripple CEO Brad Garlinghouse talked about the possibility of an IPO after the case with the SEC is resolved. Ripple going public will have a significant impact on XRP’s price action in the following years.

In an interview with Axios at Collision 2022, Garlinghouse further stated that the current price of XRP has already factored in Ripple losing the case. “If Ripple loses the case, does anything change? It’s basically just status quo,” he added.

As for his personal opinion on the verdict, Garlinghouse is betting that it will be in favor of Ripple. “I’m betting that because I think the facts are on our side. I’m betting that because the law is on our side,” he remarked.

Curiously, support for Ripple and XRP hasn’t been universal really, with Ethereum’s Vitalik Buterin recently commenting,

“XRP already lost their right to protection when they tried to throw us under the bus as “China-controlled” imo”

In court and in papers

Ripple and the SEC’s lawsuit is not just restricted to the courtroom. The matter is often covered by the media with both parties having been featured in multiple op-eds, often criticizing each other. Just this month, the market watchdog and the crypto firm were the subject of a heated exchange through pieces published by the Wall Street Journal.

On August 10, SEC Chairman Gary Gensler reiterated his stance on the definition of crypto assets and their oversight in his op-ed piece featured in The Wall Street Journal. “Make no mistake: If a lending platform is offering securities, it . . . falls into SEC jurisdiction.”

Chairman Gensler went on to cite the $100 million settlement that the regulator had reached with BlockFi, stating that the crypto markets must comply with “time-tested” securities laws. As per the terms of the settlement, BlockFi has to rearrange its business to comply with the U.S Investment Company Act of 1940 in addition to registering under the Securities Act of 1933 to sell its products.

In response to Chairman Gensler’s op-ed, Stu Alderoty published his own piece in The Wall Street Journal and did not mince his words while taking a shot at the regulator. Alderoty accused Gensler of side-lining fellow regulators (CFTC, FDIC etc.) and overreaching its jurisdiction, as opposed to the executive order by U.S President Joe Biden, which directed agencies to coordinate on regulations for crypto.

“What we need is regulatory clarity for crypto, not the SEC swinging its billy club to protect its turf at the expense of the more than 40 million Americans in the crypto economy,” Alderoty added.

A controversial article authored by Roslyn Layton in Forbes on 28 August pointed out that since 2017, the SEC’s Crypto Assets Unit has been involved in 200-odd lawsuits. According to Layton, this figure suggests that instead of coming up with clear regulations to ensure compliance, the regulator would rather engage crypto firms with lawsuits in an attempt to regulate by enforcement.

Ripple CTO David Schwartz found himself in a stand-off with Ethereum Co-Founder Vitalik Buterin earlier this month, after Buterin took a dig at XRP on twitter. Schwartz hit back and responded to Buterin’s tweet, comparing miners in the PoW ecosystems like Ethereum to stockholders of companies like eBay.

“I do think it’s perfectly fair to analogise miners in PoW systems to stockholders in companies. Just as eBay’s stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC,” Schwartz added.

Now, putting an accurate figure on the future price of XRP is not an easy job. However, as long as there are cryptocurrencies, there will be crypto pundits offering their two cents on market movements.

Ripple [XRP] Price Prediction 2025

Changelly has gathered an average prediction of $0.47 for XRP by the end of 2022. As for 2025, Changelly has provided a range between $1.47 to $1.76 at max for XRP.

Finder’s conclusion from a panel of thirty-six industry experts, is that XRP should be at $3.61 by 2025. It should be noted that not all of those experts agree on that forecast. Some of them believe that the crypto won’t even cross the $1 threshold by 2025. Keegan Francis, the global cryptocurrency editor for Finder, does not agree with the panel of experts. He predicts that XRP will be worth $0.50 by the end of 2025 and, surprisingly, a mere $0.10 in 2030.

According to data published on Nasdaq, the average projection for 2025 is around $3.66.


Are your XRP holdings flashing green? Check the profit calculator


Ripple [XRP] Price Prediction 2030

Finder’s experts had a rather conservative figure for XRP in 2030. They believe that the crypto could hit $4.98 by 2030. In a statement to Finder, Matthew Harry, the Head of Funds at DigitalX Asset Management, revealed that he doesn’t see any utility in XRP other than the speculation element.

According to data published on Nasdaq’s website, the average projection for 2030 is around $18.39.

Conclusion

Year-to-date (YTD) figures from Ripple’s Quarter 2 earnings report have made it clear that despite the drop in XRP’s price, demand for their On-Demand Liquidity service not only remained undeterred but actually grew by nine times year-over-year (YoY) with ODL sales totalling $2.1 billion in Q2. The report further stated that Ripple has pledged $100 million for carbon removal activities, in line with their carbon neutral objective and sustainability goals.

Ripple’s Crypto Trends report claims that NFTs and CBDCs are still in their nascent stages and, as their potential is gradually realized, its impact on Ripple’s network and on the broader blockchain space will be visible.

It should be noted that while various experts have predicted XRP’s price to increase in the following years, there are some who believe that XRP will lose all value by the end of the decade.

The major factors that will influence XRP’s price in the coming years are:

  • Verdict of the SEC lawsuit
  • IPO after lawsuit is resolved
  • Partnerships with Financial Institutions
  • Mass Adoption
  • CBDC ventures by Central Banks

Predictions are not immune to changing circumstances, and they will always be updated on new developments.

With the Fear and Greed index leaning towards ‘greed’ at press time, it implies that investors were confident in their expectations about Ripple.

Source: CFGI.io

Binance Coin (BNB) Price Prediction 2025-2030: Will FUD affect BNB?

https://ambcrypto.com/binance-coin-bnb-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Binance Coin (BNB) is a cryptocurrency that was launched in 2017 by Binance, the world’s largest cryptocurrency exchanges. BNB was initially created as a utility token to be used on the Binance platform, but over the years, it has become a popular investment asset in its own right.


Read Price Prediction for Binance Coin (BNB) 2023-24


In the early days of BNB, its price was relatively stable and showed steady, gradual growth. However, in the past year or so, the price of BNB has seen some significant fluctuations.

In late 2020, BNB’s price experienced a significant bull run, reaching an all-time high of nearly $40 in December of that year. This was driven in part by the overall bull market in the cryptocurrency space, as well as a strong demand for BNB as a utility token on the Binance platform.

Binance is a well-established and respected exchange, and BNB is a key component of its ecosystem. BNB is also backed by a number of high-profile partnerships and collaborations, which added to its credibility and appeal. However, the developments of the past few days have tested the token’s resilience to withstand fluctuations in the market. Following the enforcement actions against Binance’s stablecoin partner Paxos earlier this week, BNB tanked more than 10% within 24 hours.

In 2021, Binance and its blockchain network gained popularity, causing the value of BNB to soar. Owning BNB on the Binance Chain grants users access to exclusive token sales and a reduction in trading costs. It can also be used as a community token for dApps on the Binance Chain.

Investors who bought BNB at the start of the year were rewarded with returns of over 1,200% by the end of the year. Binance Chain has since become the native blockchain of BNB, and Binance.US has adopted BNB as its official cryptocurrency.

The launch of the Binance Chain also marked a significant shift for Binance Coin, as all BNB holders were required to participate in a token swap in order to exchange their ERC-20 BNB tokens for the new Binance Chain BNB tokens.

On the other hand, it shouldn’t be forgotten that the exploit on BNB chain-based Ankr protocol on 1 December sent BNB’s price down by almost 5% within a matter of hours. As far as price action is concerned, the bulls attempted to break the key resistance zone at $300 back on 5 December. However, the bulls held their ground. $281 has emerged as a short-term support zone.

BNB has been in the news recently due to its involvement in the hack that was carried out on the bankrupt crypto exchange FTX. The perpetrator swapped thousands of BNB tokens for other cryptos but still holds an estimated $41 million worth of BNB.

The immense volatility in BNB prompted some strategic decisions from Binance CEO Changpeng Zhao, one of them being the top-up of the exchange’s Safe Asset Funds for Users or SAFU. The exchange announced that it will be replenishing this insurance fund, bringing its holdings up to $1 billion.

June 2022 had a yearly low of $183 as a result of this decline. However, it is important to note that on the daily chart, the RSI indicator has not yet risen beyond 50.

The nearest long-term resistance level, at $427, would be reached if the current trend continues.

Late in January 2021, Binance Coin joined the upswing in the cryptocurrency market, rising from $40 to $330 in a single month. BNB’s price dropped in March, trading for a while in the $250 to $300 region, but in April it rose again quickly, reaching an all-time high of $690.93 on May 10.

Consider this – In January 2021, the price of Binance Coin (BNB) was $40. However, 2021 also saw a significant incline in BNB’s price, one that allowed it to hit $690 on the price charts. In fact, this was its highest price level in 2021.

Worth noting, however, that soon after, the latter few months of 2021 saw the wider market fall across the board. Needless to say, the same had a ripple effect on BNB’s price charts as well, with the exchange token hitting new lows.

In the past, Binance Coin (BNB) rose subtly and gradually to rank among the most valuable cryptocurrencies by market cap. Above all, the growth of Binance, the biggest cryptocurrency trading platform, has caused the value of the BNB to rise significantly in recent years.

In recent months, the bear market has caused Binance Coin (BNB) to experience more severe losses. BNB surpassed its all-time high of $690 during the May 2021 bull market. However, the bear market soon began in November and the price plummeted.

When consumers use the BNB on the platform, Binance reimburses them for a large portion of the transaction expenses. BNB has grown in significance as a component of the platform over the past few years. The demand for Binance Coin rises as Binance expands and gains more users, which boosts the coin’s price and forecast.

Binance makes sure that the supply of BNB is routinely lowered as demand rises. Every three months, a specific portion of BNB is destroyed, making Binance Coin deflationary and improving the outlook for BNB going forward.

BNB also functions as a payment method and opens up more opportunities on the Binance platform, including savings, DeFi staking, and liquidity mining via the BNB vault.

It was initially used as an ERC-20 token on the Ethereum (ETH) network before being moved to the Binance network and changing its name to BEP-20.

As the Ethereum Merge has taken place, Binance has been able to manage the transition for its users in an efficient manner.

Binance Coin was initially created in 2017 as a utility token for discounted trading fees. Today, however, its use cases have grown on several cryptocurrency exchanges. BNB can be used to pay transaction fees on many Binance platforms such as Binance.com, Binance DEX, and Binance Chain, besides crypto.com and HTC. Hotel booking sites (e.g. TravelbyBit), SAAS platforms (e.g. Canva), DeFi apps (Moeda) and a large number of platforms accept BNB as a mode of payment.

BNB’s price has fallen as a result of the cryptocurrency market’s sharp bearish shift. One can also argue that the SEC’s issues with Binance took a heavy toll on the price of the altcoin. Even so, expectations remain high.

Finder.com surveyed 54 people recently, with the panel believing that the coin has promising long-term potential. The crypto’s price is expected to hit $781 in 2023. And, although BNB may not be receiving as much attention right now, it routinely ranks among the best-performing currencies in terms of ROI. It is also the fourth-largest crypto in the world.

Late in January 2021, Binance Coin joined the upswing in the cryptocurrency market, rising from $40 to $330 in a single month. BNB’s price dropped in March, trading for a while in the $250 to $300 region, but in April it started to rise again quickly, reaching an all-time high of $690.93 on May 10.

Binance Coin’s price fell as the entire cryptocurrency market collapsed in late May 2021. At about $200, it recovered and rose to about $430, but this upturn was fleeting. BNB fell to about $250 in late June and then fell once more in the middle of July. However, the market began to show signs of recovery later that month, and Binance Coin wasn’t an exception. BNB’s price increased dramatically once more, surpassing $350 in the first half of August.

However, like most cryptos in the market, 2022 wasn’t a good year for the exchange token, with BNB falling on the charts.

Given everything, buying BNB must be a wise decision in the long run, right? Most analysts have positive predictions for BNB. Additionally, the bulk of long-term BNB price projections are upbeat.

Why do these projections matter?

BNB is a cryptocurrency that is native to the world’s biggest cryptocurrency exchange. It is also crucial to the Binance Smart Chain ecosystem. The latter, in fact, is one of Ethereum’s competitors, and it offers substantially higher scalability and lower transaction costs.

The steady increase in the number of traders on Binance also has a positive impact on the price of BNB. The cost of this altcoin had increased, rising from $526.94 in October 2021 to $555.34 at the start of January 2022. It is anticipated to keep expanding as trade activity on the exchange rises as Binance establishes itself as a market leader in the cryptocurrency trading industry.

Its value reached a high point, in part due to the volume of BNB used for decentralized applications (DApps), DeFi, and smart contracts after the launch of Binance Smart Chain. With 44 exciting projects, BSC is the second-largest DeFi platform at the moment. Over 620,000% have been added to the value of Binance Coin between its 2017 introduction and its 2021 peak.

The fact that the exchange has maintained a burning program since the coin’s introduction is just another reason to trust BNB. On April 15, 2021, Binance burned more than 1,099,888 BNB, equal to $595,314,380 worth of tokens. This is Binance’s 15th quarterly BNB burn, and in terms of cash, it was the biggest one yet.

In this article, we’ll quickly review the current activity of the cryptocurrency with a focus on market cap and volume. In conclusion, predictions from the most well-known analysts and platforms will be summarized together with an analysis of the Fear & Greed Index to determine market mood.

BNB’s price, volume, and everything in between

At press time, BNB was trading at $315.6, rising 0.03% in 24 hours. The market cap of the token rose slightly by 0.05%, sitting at 49,755,735,287 at press time. The daily trading volume of the fourth-largest cryptocurrency was poised at $452,124,630.

Source: BNB/USD, TradingView

And as the numbers slowly go up, investors and experts have gone bullish on the token. The managing director of Digital Capital Management, Ben Ritchie, is positive about BNB and predicts that by the end of the year, the crypto will be worth $300. Ritchie also admitted that the viability of Binance’s exchange will determine the destiny of BNB. Going on to say that the asset has the potential to be a deflationary one, he added,

“The price of BNB also follows the demand and supply. BNB introduced a burn mechanism in every transaction fee and conducted quarterly burns, making it a deflationary asset. Since the BNB chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.”

At the time of writing, the price of Binance Coin was below the 200-day simple moving average (SMA). Since 20 January 2022, the 200-day SMA has been indicating SELL for the previous 212 days. Since 16 July 2022, when Binance Coin’s price fell below the 50-day SMA, this indicator has been indicating a SELL signal for the last 55 days.

Let’s now look at what well-known platforms and analysts have to say about where they believe BNB will be in 2025 and 2030.

BNB Coin Price Prediction 2025

Changelly, for its part, is very optimistic about the fortunes of Binance Coin. It predicted that the lowest BNB price in 2025 will be $1,122.96, while its highest price will be $1,270.31.

Technologist and futurist Joseph Raczynski too has a bullish outlook. He believes Binance to be the top worldwide exchange. He said,

“While BNB is not decentralized, it still can serve a purpose for fast and cheap transactions. That has a cost though. Binance could change parameters on the token without consensus and they are far more likely to be a single point of failure.”

Crypto-exchange CoinDCX predicts that if the end of the previous year was bullish, the beginning of 2025 might likewise be positive. Thus, the price could initially reclaim its position above $2000 and continue to maintain a strong advance. Consequently, one might try to reach $2500 by the end of 2025.

So, with all these positive predictions, is there a reason to not root for BNB? Well, remember that 2025 is still more than three years from now and Binance has a lot going on with the SEC. The SEC is after Binance, accusing it of issuing BNB as an unregistered security.

However, despite this, the market is quite optimistic. The Co-founder and Vice President of MetaTope, Walker Holmes, does not believe that the SEC will significantly harm the future of BNB. He said,

“We have seen this play out with XRP, ETH, and others. CZ can present a very compelling case. I think this is a question of potential monetary penalties. However, at the time of writing, I do not think Binance is at major risk of being taken down.”

BNB Coin Price Prediction 2030

CEO of Balthazar, John Stefanidis, expressed great optimism about BNB in a study. A BNB value of $3,000 by 2030, in his opinion, is entirely doable. Due to its cutting-edge technology and adherence to international rules, BNB is well-positioned for long-term success. He also emphasized that Binance’s great UX, strong venture team, and great brand are all factors in BNB’s success.

Although BNB is more affordable for many investors, Desmond Marshall, the Director of Rouge Ventures and Rouge International, thinks Binance Coin might overtake Ethereum. According to him, the implementation of the limits will have the greatest impact on the performance of the crypto. Additionally, the trust that the neighborhood has in BNB is a crucial factor in determining future growth.

Now, all these predictions are positive, but one has to be careful. We are talking about 8 years from now and it is worth taking into account the current status of the crypto industry. The prices of BNB and Bitcoin are closely correlated. Fortunately, BNB can be burned on the Binance market, which reduces the number of tokens in circulation and could raise the price of the coin.

The profitability of BNB will be significantly influenced by technological advancements. To enhance the functionality of the blockchain, Binance has several plans to invest in cutting-edge technologies.

Conclusion

Now, it is not that the prediction of the coin is always positive. In light of the coin’s volatility and the fact that it “primarily follows the price gyrations of Bitcoin and has no real-world use,” John Hawkins, a senior lecturer at the University of Canberra, has predicted that BNB’s price will fall to $180 by the end of 2023.

It’s critical to bear in mind that cryptocurrency markets are incredibly unpredictable, making it challenging to provide long-term projections. Worth noting, however, is that the F&G Index was in the ‘neutral’ zone at press time.

Source: CFGI.io

Chainlink (LINK) Price Prediction 2025-2030: Can LINK reach $10 in 2025?

https://ambcrypto.com/chainlink-link-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

Chainlink (LINK) is a decentralized oracle network that connects smart contracts on blockchain platforms to real-world data. The network enables smart contracts to access off-chain resources, such as data from APIs and web pages, which makes it possible for them to interact with the real world. 


Is your portfolio green? Check out the LINK Profit Calculator


Chainlink is used by a wide range of decentralized applications and platforms, including decentralized finance (DeFi) platforms, prediction markets, and gaming dApps. LINK’s popularity has been driven by its use case as a decentralized oracle solution, providing reliable and tamper-proof external data feeds to smart contracts.

In late 2020, LINK’s price experienced a significant bull run, reaching an all-time high of over $20 in December of that year. This was driven in part by the overall bull market in the cryptocurrency space, as well as a strong demand for LINK as a utility token on the Chainlink network. Since then, the price of LINK has come down somewhat, but it has remained relatively stable and continues to be a popular investment asset.

One reason for LINK’s relatively strong performance may be its strong adoption in the cryptocurrency space. The Chainlink network has gained significant traction among developers and users, and it has a number of high-profile partnerships and collaborations. Additionally, LINK has a strong development team and is backed by a number of well-respected investors, which adds to its credibility and appeal.

On 10 November, Chainlink started offering proof of reserve services for troubled crypto exchanges. This feature was launched back in 2020 but has started to gain popularity in the wake of the current unrest in the industry.

Apart from the staking upgrade, Chainlink announced various partnerships over the last week that will increase its adoption. The company announced on 24 October that prices in the Bitizen wallet will be powered by Chainlink price feeds following its integration into Polygon mainnet.

Chainlink also revealed a channel partnership with Tokenomia.pro, a web3 consultancy firm catering to token engineering and smart contract design, among other things.

Chainlink also announced a partnership with international banking network SWIFT, which came as much-needed positive news for its stakeholders.

Speaking at SmartCon22, Chainlink Co-founder Sergey Nazarov unveiled plans to launch staking at the end of 2022, in addition to a new economic model for the Web3 services platform.

On 29 September, SWIFT, the international banking network, announced a collaboration with Chainlink in order to develop a cross-chain interoperability protocol (CCIP) in an initial proof-of-concept (PoC). This move will pave the way for the institutional adoption of Distributed Ledger Technology (DLT).

According to Chainlink’s official website, the transaction value enabled by the network so far is a whopping $7.2 trillion.

Back in 2014, SmartContract.com set out to develop a bridge between external data sources and public blockchains. Ironically, this led to the creation of a centralized oracle system called Chainlink. In 2017, this product was reshaped into what we now know as the Chainlink Network.

Chainlink is the largest oracle project in terms of market cap and total value secured, and a number of crypto-projects associated with it. An oracle is basically software that acts as an intermediary between the on-chain and the real world.

Moreover, Chainlink provides a lot of use cases. Users of Chainlink can operate nodes and make money by managing the blockchain’s infrastructure. The Price Feed Oracle Networks are powered by a number of node operators. The platform integrates more than 100 projects with 700 Oracle networks, giving it access to over a billion data points and protecting over $75 billion.

Source: Chainlink

So, what does this movement mean, and is now a good time to get into LINK? This article will talk about the altcoin ranked twenty-fourth by market capitalization. In fact, it will also touch upon what are the key factors to consider when making a decision on buying into LINK.

Here’s a fun fact from Defi Llama – Chainlink is securing more value than all of its competitors combined. The network has secured more than $14 billion from protocols that rely on its data feeds.

In May 2021, Sergey Nazarov, Co-founder, and CEO of Chainlink disclosed in a podcast that Chainlink is estimated to have 60% of the market share.

A monopoly like this has its cons. For instance, during the Terra collapse, Chainlink caused an $11.2 million loss to the Venus protocol. This was when the latter was unable to access accurate data from Chainlink’s price feed.

In fact, the Chainlink ecosystem boasts some big names like VISA, SWIFT, Google Cloud, etc.

It’s important to note that most of the LINK in circulation is being used for speculation rather than rewarding node operators. This, as expected, raises eyebrows among value investors.

Some believe that Chainlink is creating economic value in the industry by catering to a number of crypto-projects. Alas, that value doesn’t seem to reflect on their native token’s price.

Even so, following Chainlink’s 7 June proposal of the staking update, LINK surged by nearly 20% from $7 all the way up to $9.

The proposed staking update is much anticipated in the crypto space. The update will be beneficial for the token’s value as oracles will be required to stake LINK. This update will also enable community participation, leading to enhanced overall security.

Nazarov clarified that Chainlink does not produce blocks, but “make consensus on hundreds of oracle networks about price data.” He further added that the developer’s team is finally satisfied with the security and scalability of the consensus mechanism and ready to launch staking this year.

The update will also bring additional utility to LINK, beyond facilitating payments to node operators.

Chainlink developers estimate that the proposed staking will yield 5% annually thanks to proceeds from Chainlink’s data feed users and emissions from the treasury reserve. The goal is for treasury emissions to end once Chainlink’s usage grows, leaving all staking rewards to come from fees paid by oracle users.

While speaking at NFT.NYC 2022, Lauren Halstead from Chainlink Labs outlined the spectrum of Chainlink’s use cases using the example of dynamic NFTs. Halstead demonstrated how dynamic NFTs can be updated in real-time with the help of off-chain data gathered by Chainlink.

Interest Protocol, the first fractional reserve banking protocol on the Ethereum blockchain, announced earlier this month that it had entered into a strategic partnership with Chainlink. Chainlink will help Interest Protocol integrate two of its features, namely Chainlink Keepers and Chainlink Proof of Reserve.

On 15 August, Floki Inu announced that they had integrated two products from Chainlink’s suite with their newly launched FlokiFi Locker on BNB Chain and the Ethereum mainnet. In an interview with BSC news, a core team member of Floki said,

“We feel excited to be working with Chainlink to enhance the integrity of the FlokiFi Locker protocol. Chainlink is by far the biggest decentralized oracle solution in the world as well as the best and most reliable.”

On 28 August, Chainlink informed its community on Reddit that the Chainlink Verifiable Random Function (VRF) was being used by more than 350 projects across Avalanche, Ethereum, Fantom, and Polygon, as a source of provably fair randomness for their NFTS, dApps etc. Chainlink VRF is the industry-leading random number generator (RNG) solution for an off-chain solution and smart contracts.

Data from whalestats revealed that LINK is the most widely held token among top Ethereum whales. This information is derived from the data collected from the wallets of the top 5000 Ethereum whales.

According to a report published by Fortune Business Insights, the global Internet of Things (IoT) market is projected to grow at a CAGR of 26.4% annually between 2022 and 2029. Given the rising adoption of blockchain technology in mainstream businesses like banking, logistics ets, we can expect a similar growth rate in cryptocurrencies that enhance IoT-based businesses. Chainlink would be an appropriate example of this.

LINK Price Analysis

At press time, LINK was trading at $7.496, declining 0.77% in the last 24 hours. Moreover, LINK had a market capitalization of $3,873,755,721, putting it in the 19th spot. The token had a 24-hour trading volume of $165,501,446. 

Source: LINK/USD, TradingView

The month of August saw Chainlink closing in on double-digit territory when it set a two-month high of $9.52, before falling to prices that rendered the monthly return negative. This is pretty volatile, compared to the rather calm sideways movement witnessed by LINK’s price in July.

Even with all the volatility, the overall theme for August can be summed up with one word: Bearish.

September, however, was bullish, with October seeing bits of both. As far as November and December are concerned, the less said, the better.

While 2023 began on a positive note, its fortunes were reversed in mid-February. LINK’s most recent downtrend has been fueled by the macroeconomic headwinds faced by the crypto-market at large.

Chainlink’s critics

Eric Wall from Arcane Assets has been rather critical of Chainlink’s activities. In May 2021, he stated that the network is not “crypto-economically secure,” citing the developer’s state and the fact that the model relies on a trusted system.

Zeus Capital has been a vocal critic of Chainlink since 2020 when they published a fifty-nine-page investigative report. One outlining how the network is a fraud, going as far as calling it the “wirecard of crypto.”

CryptoWhale turned up the heat on Chainlink developers in a series of tweets too. It accused the team of running a pump-and-dump scheme. These allegations came following a $1.5 billion LINK sell-off allegedly by Chainlink insiders and developers in June 2021.

LINK Tokenomics

One billion LINK tokens were pre-mined in 2017, following which Chainlink raised $32 million through an initial coin offering (ICO). Thirty percent went to the founders and the project. Thirty-five percent accounted for airdrops and rewards for node operators. The remaining thirty-five percent went towards issuing to investors.

According to Etherscan, the top hundred wallets hold roughly 75% of LINK supply. This doesn’t look so good for a token that’s supposed to be decentralized. Chainlink’s supporters have, however, argued that a certain degree of centralization will help developers to effectively respond to network-threatening events.

Data from Etherscan also revealed Chainlink developers’ addresses consistently dumping their holdings on Binance, something that hasn’t been received well by the community.

One would think that this works out well in favor of decentralization, but most of those tokens have been bought up by whales.

A number of analysts believe that the performance of LINK and ETH is correlated to some extent.

Chainlink’s growth is inherently tied to the growth of smart contracts and blockchain services. Increased adoption of smart contracts translates to an increase in demand for data feeds from oracles.

Chainlink’s utility has attracted cross-chain ventures. Non-Ethereum-based protocols like Polkadot and Solana are building integrations with Chainlink for access to its oracle network.

Chainlink (LINK) Price Prediction 2025

Experts at Changelly concluded from their analysis of LINK’s previous price action that in 2025, the crypto should be worth at least $26.64. The maximum price for LINK, according to them, would be $32.01. Considering its press time price, that would yield a whopping 312% profit.

On the contrary, Finder’s panel of experts has projected a median value of $40 for LINK by December 2025.

Ethereum merging its mainnet and Beacon Chain is expected to affect LINK’s price action, too. In fact, it has also been demonstrated that there’s some correlation between ETH and LINK. ETH rose above $4000 and LINK broke the $50-mark to reach its all-time high last year.

Talking in the context of the Mainnet merge, if ETH should break the $ 10,000 level, then it is likely that LINK will follow suit and touch $100.

In light of new business partnerships, API connection improvements, and Chainlink’s customized services, there are also projections that place a maximum price of $45.75 on LINK by 2025.


Read Chainlink’s (LINK) Price Prediction 2023-24


Chainlink (LINK) Price Prediction 2030

Changelly’s crypto experts have estimated that in 2030, LINK will be trading for at least $182.88, possibly peaking out at $221.4. That would mean a return of 2650%.

Joseph Raczynski, the technologist, and futurist at Thomson Reuters and one of the panelists for Finder, has a rather positive outlook on LINK’s future. He sees the coin worth $100 in 2025 and $500 by 2030.

“Link is pushing the boundary on one of the most important aspects of blockchain technology — connections to other blockchains, databases and ecosystems. Chainlink could be the highway among blockchains, which is a huge key for the industry.”

Justin Chuh, the Senior Trader at Wave Financial, made his own projections for the future of LINK too. He sees the coin at $50 in 2025 and $100 in 2030.

Forrest Przybysz, the Senior Cryptocurrency Investment Analyst at Token Metrics, shared his immensely bullish stance on the token’s future value and projected LINK to be worth $500 by 2025 and $2500 by the end of 2030.

He added,

“LINK has one of the fastest, smoothest growth curves of any cryptocurrency and has a major lead in terms of its competition.”

Conclusion

Chainlink had previously clarified that it would continue operating on the Ethereum blockchain following the Merge to the proof-of-stake (PoS) consensus layer scheduled for next month, rubbishing claims of any association with forked versions of the Ethereum blockchain, including proof-of-work forks.

The major factors that will influence LINK’s price in the coming years are,

  • Timely implementation of Staking update
  • Increased Adoption of WEB 3.0
  • Partnerships with established businesses.

Launched in 2017, Chainlink is fairly new to the industry and its full potential is yet to be determined. On-chain metrics suggest that users are confident about the future of LINK.

While it is true that the service provided by Chainlink pertains to a specific niche, one cannot deny the relevance of said niche and its importance in the future. Oracles essentially cater to all blockchains that utilize smart contracts, making the services of platforms like Chainlink vital for their operations. Companies from both traditional backgrounds and from the crypto space agree that smart contracts hold considerable significance, significance that will only grow in the future.

From an investment point of view, one might compare Chainlink and its token to how a traditional company and its shares function. If the company has a healthy balance sheet and has a meaningful contribution to the economy, then its shares are bound to perform well. The same can be said for Chainlink, because they are the leaders of their sector and their services are essential to several projects, both now and in the future.

The above analogy would not hold true for even a third of the thousands of crypto projects that exist today.

As far as the Fear and Greed Index is concerned, it flashed signs of ‘Neutral.’

Source: CFGI.io

Polygon (MATIC) Price Prediction 2025-2030: Will hard fork spur MATIC’s fortunes

https://ambcrypto.com/polygon-matic-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

Ethereum’s (ETH) popular scaling solution Polygon (MATIC) has seen a price appreciation of more than 42% since the beginning of 2023. The Polygon network recently underwent a key hard fork, an upgrade that its community had been anticipating. The hard fork addressed the spikes in the network’s gas feed and disruptive chain reorganizations.


Read Price Prediction for Polygon (MATIC) for 2023-24


MATIC’s popularity has been driven by its use case as a Layer 2 scaling solution for Ethereum, providing faster and cheaper transactions and increased scalability to the Ethereum network. This is especially useful for dApps, which often struggle with high transaction fees and slow transaction speeds on Ethereum. Additionally, MATIC has a strong community and developer base, which has helped to drive its adoption and usage.

Unlike other cryptocurrencies with unlimited supply, the supply of MATIC is limited, adding to its scarcity and value. The Polygon team is working towards bringing more users and developers onto the network, and with its focus on performance, user experience, and security, it is well-positioned to play a major role in the growth of the Ethereum ecosystem.

The increase in MATIC’s price can be attributed to the growing popularity of the Ethereum network and the enthusiasm that companies have shown in implementing their Ethereum-based dApps using Polygon. This has made Polygon an attractive investment opportunity for those looking to invest in blockchain technology.

The unique features of Polygon have made it a go-to solution for dApp developers looking to scale their projects, and its growing popularity and adoption are likely to drive the value of MATIC higher in the coming years.

MATIC has seen a price appreciation of more than 28% since the beginning of 2023. However, on the back of the Silvergate crisis and the Biden administration taking many steps to regulate the crypto-sector, MATIC, like the rest of the market, fell down the charts.

The Polygon network recently underwent a key hard fork, an upgrade that its community had been anticipating. The hard fork addressed the spikes in the network’s gas fees and disruptive chain reorganizations.

report published by Blockchain analytics firm Messari showed that the third quarter of 2022 saw a 180% increase in the number of MATIC’s active addresses Q0Q, with total transactions for the quarter coming in at 2 billion.

Additionally, Polygon’s partnership with Warren Buffet-backed Nubank, which was announced last week, is being seen as a positive development for the network.

Popular TV Network SHOWTIME recently announced a collaboration with Polygon and Spotify.

In other news, Polygon informed users that Ethereum’s Merge had dramatically reduced its carbon dioxide emissions.

Polygon Network reached a new milestone on 15 November after the number of unique addresses reached 191.2 million. Data from polygonscan shows that the daily transactions on the Polygon chain took a significant hit following the news of FTX’s bankruptcy. As of 15 November, the total transactions stood at 3.26 million.

Polygon announced a partnership with Nike earlier this week. This joint venture will see the sportswear apparel brand bild it’s web3 experiences exclusively on Polygon.

MATIC’s YTD chart may suggest a buy signal, given that the crypto is currently well above $1, compared to $2.58 towards the beginning of the year. While this may look like a ripe opportunity to beef up MATIC holdings at a discounted price, it is important to look at other factors while making an investment decision.

One possible reason for the decline in the daily volume of MATIC is the Ethereum Merge, which took place on 15 September. The crypto has taken a hit following the Merge event, with both market cap and daily volume on a downtrend.

Polygon recently published an analytical insight into its bridge flow between January and August 2022. A closer look at the numbers revealed that in these eight months, more than $11 billion entered the Polygon ecosystem from multiple chains. Ethereum and Fantom Opera contributed the most with an inflow of $8.2 billion and $1.06 billion, respectively, which also puts it at the top in terms of net volume.

As far as bridges are concerned, Ethereum’s PoS bridge and Plasma bridge accounted for a net volume of $1 billion and $250 million within this time period. Meanwhile, Ethereum’s PoS and Fantom Opera’s Multichain bridge accounted for a combined outflow volume of more than $7.2 billion. Considering all 43 bridge chain pairs, the average volume comes out to be $48 million.

Data from CoinMarketCap showed that at press time, MATIC was trading at $1.1105, up 0.72% in the past 24 hours. The token’s $10,162,803,194 market capitalization makes it the ninth largest crypto in the world. 

Source: MATIC/USD, TradingView

In 2021, MATIC’s price went soaring thanks to the increasing popularity of Ethereum and surging activity in NFTs and play-to-earn games like Axie Infinity. MATIC began the year at a humble $0.018 and a market cap of $81 million. By the end of the year, MATIC’s market cap hit a whopping $20 billion, with the altcoin touching its all-time high of $2.92 on 27 December.

On 12 May 2021, Ethereum co-founder Vitalik Buterin donated crypto worth $1 billion to India’s Covid-19 relief fund set up by Nailwal. This seemingly unrelated event caused MATIC to surge by 145% within the next 48 hours. By 18 May, the token had gone from $1.01 all the way up to $2.45, gaining 240%.

In May 2021, Polygon was in the news after it received backing from billionaire investor Mark Cuban, who revealed plans to integrate his NFT platform Lazy.com with Polygon. Following his investment in Polygon, Cuban claimed that the Polygon Network was “destroying everybody else” at the Defi Summit Virtual Conference in June 2021.

Since the beginning of 2022, Polygon has secured various partnerships, most notably with Adobe’s Behance, Draftkings, and billionaire hedge fund manager Alan Howard for the development of Web3 projects. Polygon boasts partnerships across various industries. Instagram and Polygon have collaborated on NFTs too.

Stripe has launched global crypto pay-outs with Polygon. Fashion brands like Adidas Originals and Prada have launched NFT collections on polygon

Based on gathered adoption metrics, Alchemy has described Polygon to be the best-positioned protocol to drive the booming Web3 ecosystem. Data from Alchemy also showed that at press time, Polygon hosted more than 19,000 decentralized applications (dApps) on its network.

On 27 May 2022, Tether (USDT), the largest stablecoin by market capitalization, announced that it was launching on the Polygon Network. MATIC rose by more than 10% following news of the launch.

Citigroup released a report in April 2022, one in which it described Polygon as the AWS of Web3. The report went on to claim that the Metaverse economy is estimated to be worth a whopping $13 trillion by 2030, with most of it being developed on the Polygon Network. Citigroup also believes that Polygon will see widespread adoption thanks to its low transaction fees and developer-friendly ecosystem.

The Terra network’s collapse in May 2022 triggered an exodus of developers and projects. Polygon soon announced a multi-million dollar, Terra Developers Fund, in a bid to help the migration of anyone looking to switch networks. On 8 July, Polygon Studios CEO Ryan Wyatt tweeted that over 48 Terra projects had migrated to Polygon.

Crypto exchange Coinbase published a report on 8 August 2022 that claimed that the future of Layer 2 scaling solutions could very well be a zero-sum game, hinting that layer 2 solutions like Polygon could overtake Ethereum in terms of economic activity.

On 8 August 2022, blockchain security firm PeckShield reported a rug pull by the Polygon-based play-to-earn game Dragoma, following a sharp decline in the value of its native token DMA. The same has been corroborated by data from Polygonscan which shows a clear surge in token transfers and transfer amount on the day of the alleged rug pull which led to a loss of over $1 million.

In the week following Polygon’s announcement of the Gnosis bridge, MATIC surged more than 18% breaking the crucial resistance at $1 for a brief period. This feature paves the way for Web3 teams like DeFi protocols and DAOs to transfer assets between Ethereum and Polygon, for considerably fewer gas fees without compromising on security.

Numbers from the 32nd edition of PolygonInsights, a weekly report published by Polygon outlining key network metrics, indicated that in spite of dropping down from the $1 mark that MATIC had reclaimed barely a week before, not all was lost. Weekly NFT volume stood at $902 million, a whopping 800% increase from the previous week. Meanwhile, active wallets grew by 75% to 280,000.

In an industry that is often blamed for being energy intensive and harmful to the environment, Polygon has distinguished itself by achieving network carbon neutrality after offloading $400,000 in carbon credits. This nullified the carbon debt accrued by the network. As per the ‘Green Manifesto’ published by Polygon, they now plan to achieve the status of being carbon-negative by the end of 2022. In fact, they have pledged $20 million towards that milestone.

Cercle X, the world’s first decentralized application for waste management solutions, announced on 15 August that it had integrated with Polygon to leverage Web3 to digitize the garbage disposal process by developing a waste management dashboard.

Whale Movement

Source: Santiment

Data from blockchain analytics firm Santiment showed that following the market-wide sell-off triggered by the collapse of Terra, almost 30% of the supply held by top exchange addresses (whales) was taken off of exchanges, the same is corroborated by the visible spike in supply held by non-exchange addresses which indicate that supply held by non-exchange addresses soared all the way to 806 million MATIC.

However, come mid-June, this transfer was reversed, with investors rushing their MATIC holdings into exchanges and non-exchange holdings dropping by 240 million MATIC.

It would be safe to assume that these holdings came from non-exchange addresses as a sharp decline in supply held by them is visible. For over a month the holdings were rather dormant in their respective places, but by the end of July, supply held by top exchange addresses was slashed again, this time by 120 million MATIC. At the same time, non-exchange addresses held a whopping 6.6 billion MATIC.

Latest Stats

On August 30, Polygon released the 34th edition of PolygonInsights, a weekly analytics report where key metrics about the network, dApps and NFTs are published.

With 817,000 weekly active users, the network registered a 14% growth, compared to the 805,000 active users in the previous week. While daily transactions fell by 3%, the overall transactions were 12% cheaper than the week before. The average daily revenue came out to be $45,100.

Numbers in the NFT department were a lot more optimistic. The weekly NFT grew by a whopping 400%, reaching $656 million. The number of new NFT wallets surged by almost 60% with 60,000 new users registering with the network. Mint events and total NFT transactions were the two areas that didn’t see growth, with both numbers declining by 12% and 9% respectively.

dApp stats revealed that Arc8 and SushiSwap were the top two movers in the top 25 protocols. Arc8 registered more than 30,000 new users, a 51% increase from the previous week. SushiSwap on the other hand registered 8200 new users, reflecting a massive 88% increase over the previous week.

Polygon Tokenomics

Polygon has a maximum total supply of 10 billion tokens, out of which 8 billion are currently in circulation. The remaining 2 billion tokens will be unlocked periodically over the next four years and will primarily be disbursed through staking rewards. The initial exchange offering was held on Binance through the Binance Launch Pad to facilitate the sale of 19% of the tokens.

Source: Polygon Forum

Following is the breakdown of the current supply –

  • Polygon Team – 1.6 billion
  • Polygon Foundation – 2.19 billion
  • Binance Launchpad – 1.9 billion
  • Advisors – 400 million
  • Private sale – 380 million
  • Ecosystem – 2.33 billion
  • Staking Rewards – 1.2 billion

Understandably, there are many who are very bullish on MATIC’s future. Some YouTubers, for instance, believe MATIC will soon be worth $10 on the charts. In fact, he claimed that a “glorious” double-digit valuation for the token is inevitable.

“We’ve seen Polygon really picking up in the number of NFTs sold. We can see from July, when we had 50,000 Polygon-based NFTs sold, to now where we have… 1.99 million NFTs sold in the month of December on Polygon on OpenSea. That’s absolutely massive, massive growth for the Polygon ecosystem.”

MATIC Price Prediction 2025

After analyzing the altcoin’s price action, crypto-experts at Changelly concluded that MATIC should be worth at least $3.39 in 2025. They forecasted a maximum price of $3.97 for that year.

According to Telegaon, MATIC should be worth at least $6.93 by 2025, with an average price of $7.18. The maximum price projected by the platform is $9.36.

MATIC Price Prediction for 2030

Changelly’s crypto-experts believe that by the year 2030, MATIC will be trading between $22.74 and $27.07, with an average price of $23.36.

Here, it’s worth pointing out that 2030 is still a long way away. 8 years down the line, the crypto market could be affected by a host of different events and updates, each of which is difficult to ascertain. Ergo, it’s best that predictions like these are taken with a pinch of salt.

On the bright side, however, MATIC’s technicals flashed a BUY signal at the time of writing. It is no wonder then that most are optimistic about the fortunes of the altcoin.

Conclusion

MATIC’s recovery since the market-wide sell-off in May has been impressive, but it is possible that the trend reverses if investors choose to book their profits. Especially given that a lot of them have seen their holdings diminish due to the ongoing crypto-winter and the prospect of living in the green will be tempting.

Speaking at the Korea Blockchain Week 2022, co-founder Sandeep Nailwal suggested that bearish conditions such as the ongoing crypto winter, provide a ‘noise-free’ environment suitable for talent acquisition and marketing. This could mean that Polygon comes out ahead once the trend reverses and the bulls are back in charge of the market.

Crypto experts seem to be divided over the aftermath of the much-anticipated Ethereum merge which is scheduled for next month. Some believe that when ETH 2.0 arrives, it may make scaling solutions redundant – or at least less important.

The other side of experts has argued that the merge will make Ethereum more eco-friendly by reducing energy consumption, and by extension will benefit layer 2 scaling solutions like Polygon by increasing its appeal to investors as environment-friendly crypto. In addition to this, MATIC would also be poised for a surge in value since Ethereum’s merge will have no effect on its controversially high gas fees, effectively advertising Polygon’s use case.

In a blog post on 23 August, The Polygon team addressed the community’s concerns regarding the merge and its impact on the network.

The team assured users that the merge is good news and nothing to worry about. The team went on to explain that while the merge will reduce Ethereum’s energy consumption significantly, it will not have any effect on the gas fees or transaction speed, which is a major problem for the network. “the network depends on Polygon and other Layer 2 solutions to solve for this.” the team added.

The team reiterated that the growth of Ethereum will lead to the growth of Polygon and that the future of both networks is symbiotic.

This statement from the Ethereum Foundation will come as a relief to those worried about the impact of the merge on the polygon network, “The Ethereum ecosystem is firmly aligned that layer 2 scaling is the only way to solve the scalability trilemma while remaining decentralized and secure.”

When ETH 2.0 comes, it may make scaling solutions redundant – or at least less important. The counter to that is Polygon plans to expand to other blockchains and the interoperability capabilities in the future will offset any threat that Ethereum’s Merge presents.

The major factors that will influence MATIC’s price in the coming years are –

  • Successful rollout of zero-knowledge EVMs
  • Expansion to new blockchains
  • Growth in dApps hosted on the network

Predictions are not immune to changing circumstances and will be updated with new developments. Do note, however, that predictions are not a substitute for research and due diligence.

It’s worth pointing out here that as far as social sentiment is concerned, all are on the positive side for Polygon.

Source: IntoTheBlock

The Fear and Greed Index remained steady in the ‘greed’ zone.

Source: CFGI.io

Algorand (ALGO) Price Prediction 2025-2030: Will ALGO continue coasting?

https://ambcrypto.com/algorand-algo-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Algorand (ALGO) has been trading along the resistance level of $0.22 for the past three days, as we witnessed its market cap surpassing $1.6 billion. The move which drew the self-sustaining blockchain project close to reclaiming the $2 billion mark it lost since the market downturn in 2022 meant that the token now had an increased percentage of the circulating supply in the market. 


Read Price Prediction for Algorand (ALGO) for 2023-24


ALGO, whose network supports a wide range of blockchain-based applications, had struggled to remain in the limelight since its 75.91% drawdown from its ATH. But like other assets, the new year brought it some sort of respite.

Algorand’s performance as a project has engaged its first Chief Financial Officer (CFO) Mathew Commons, who was hired for the new position. This appointment takes place at a time when the Algorand ecosystem is expanding extremely quickly.

Since the beginning of the year, the total locked value (TVL) had been rising rapidly ($206 million on 21 February). But it quickly dissipated during March though it seems to be recovering now (119.75 million). At the end of 2022, it stood at a mere $75 million.

Although Algorand (ALGO) is intended to be a very effective proof-of-stake (PoS) blockchain, other networks like Ethereum (ETH)BNB Chain, and Solana (SOL) have been at the forefront of significant DeFi activity. The narrative surrounding the blockchain appears to be changing for the better based on the increase in Algorand’s DeFi TVL during the past week.

Algorand has created a mark in traditional institutional circles, in addition to numerous initiatives for retail clients. Algorand oddly distinguishes between “blockchain” and “crypto.”

The temporary CEO Sean Ford Sean says,

“Those are two very distinct things. The focus is on developing blockchain applications that have the potential to influence society and change the world as a whole.”

Compared to Ethereum, both systems employ proof-of-stake, smart contracts, and infrastructure to support the creation of other blockchain-based applications.

The two, however, use various staking and rewarding strategies. Many of the projects supported by the Algorand blockchain are centered on decentralized finance, such as decentralized lending and trade. The Algorand blockchain also supports stablecoins and other cryptocurrencies.

The Algorand Foundation is committed to ensuring that the open-source ecosystem, decentralized governance, and sound monetary supply economics of the Algorand blockchain contribute to realizing the worldwide potential of this technology.

The FIFA World Cup, held during 20 November- 18 December 2022, was expected to augment ALGO’s performance significantly as the blockchain was one of the key event sponsors. But its performance remained bearish throughout the season as the entire crypto industry was reeling under the pressure of FTX’s collapse. Its price fell from $0.3 to $0.19 during this entire football mania, a drop of more than 35%.

However, the increases in coin values appear to be waning as the adverse market sentiment overpowered all of the positive development and anticipation for the next FIFA World Cup.

Algorand (ALGO) is officially on the Cardano network, according to an announcement made by Cardano founder Charles Hoskinson in response to the Mikomedia A1 Rollup going live on Algorand.

Algorand is a non-EVM chain with numerous more distinctive features, making it the ideal choice for one of the first rollups outside the Ethereum (ETH) ecosystem, according to the statement. The Layer-2 A1 rollup’s launch is significant for Cardano and Algorand since it will enable network connectivity between the two projects. Due to the distinct topologies of the two blockchain networks, this would not have been possible without the rollup.

According to AlgoExplorer, there were 17.3 million accounts on Algorand as of the end of the previous year. The total number of accounts on the network climbed to 23.5 million by 10 March 2022. These figures have only risen over the last few months, and Algorand seems to be becoming more well-liked. Now, many people are wondering whether it is worthwhile to invest in ALGO.

In 2021, the entire crypto market exploded, and ALGO suffered a similar fate. However, after a little while, it immediately went back to $1. ALGO saw some early signs of a robust comeback in February, reaching $ 1.67 before dropping once more. From February to April 2021, ALGO’s price fluctuated and occasionally fell, but it consistently stayed above $1 to provide a support level.

ALGO’s price rose up until 2022, when it fell to $0.90 on 14 February. Then, it gradually grew once more, largely because of LimeWire, an NFT marketplace for music and entertainment. The token hit $0.80 on 21 March 2022, before skyrocketing to $0.97 on 2 April.

FIFA announced its cooperation with Algorand towards the beginning of May, designating the network as FIFA’s official blockchain platform and announcing the availability of an official blockchain-powered wallet solution. The Q2 bull run, however, was short-lived. And, by mid-May, the market had crashed and ALGO was trading at $0.36.

In 2021, ALGO hit a low of $1.269 in the middle of December before soaring to $1.645 towards the beginning of the year. The altcoin maintained its upward trajectory, hitting $1.851 on 5 January 2022, before falling as the market entered a bear market, sometimes known as the “crypto winter.” ALGO was in decline until the middle of May. Since then, it has remained rather stable.

Given everything, buying ALGO must be a wise decision in the long run, right? Most analysts have positive predictions for ALGO. Additionally, the bulk of long-term ALGO price projections are upbeat. However, some are still not convinced about ALGO.

Why do these projections matter?

Algorand’s mechanism is what makes it so powerful. And, because it uses an open-source blockchain network, the history of its ALGO tokens is visible to everyone. Glitter Finance will soon integrate the Algorand DeFi ecosystem with Solana to improve interoperability in the blockchain. This will guarantee that traders who use Glitter can transfer their digital tokens from Algorand to the Layer 1 blockchain.

To increase the effectiveness of blockchain transactions, Algorand was created. While adding a new block to the Bitcoin blockchain takes about 10 minutes, Algorand can process a stunning 1,000,000 transactions each day, or roughly 1,000 per second. Therefore, compared to other networks, it can offer significantly lower transaction fees.

The acceptance of the ALGO has increased significantly this year. The alliance between FIFA and Algorand is one of the best. FIFA will use the Algorand Network as its official blockchain.

That’s not all as Algorand and EI Salvador have teamed up to create blockchain infrastructure.

Algorand and ICON have participated in a significant collaboration. Algorand will have a security partner with BTP, thanks to this integration. The Algorand network will become more vibrant and diverse as a result of this.

However, with the decline in market capitalization, ALGO’s Year-to-Date (YTD) volume decreased by -88%. It’s interesting to note that after losing 37% of its value in July, it was unable to increase the average volume. In fact, the altcoin is still 94% behind its all-time high (ATH). The only thing positive about ALGO’s terrible July performance was a momentary 14% hike in transaction volume. The same can be said about its performances in later months.

In this article, we’ll quickly review the current activity of the cryptocurrency with a focus on market cap and volume. In conclusion, predictions from the most well-known analysts and platforms will be summarized together with an analysis of the Fear & Greed Index to determine market mood.

ALGO’s price, volume, and everything in between

Source: TradingView

Algorand was trading at $0.2217 at press time, reflecting an increase of over 0.30% in the last week. The coin’s market capitalization increased by 0.27% over the same period and stood at $1,591,102,361 at press time.

Source: ALGO/USDT on TradingView

As expected, it was still over 83% away from its former ATH on the price charts.

With the bulls returning, ALGO has got the attention of investors. Despite some optimistic predictions, however, it should be pointed out that the ecosystem is still developing. As more applications are developed on the Algorand platform, the value might only increase. Maybe double or triple.

Algorand also has benefits in terms of processing transactions. Users will profit from its scalable operation and extremely efficient operation. The network processed at 1,162 TPS and has a block finality of 4.36 seconds.

Although it is difficult to provide 100% accurate technical analysis for ALGO, you can view the aggregated ALGO buy-and-sell rating in real-time for the chosen time frame using TradingView’s advanced technical analysis tool. Moving averages, oscillators, and pivot points are the three most prominent technical indicators used to present a summary for ALGO/USD.

Interestingly, at press time, the same was flashing a NEUTRAL signal.

Source: TradingView

Let’s now look at what well-known platforms and analysts have to say about where they believe ALGO will be in 2025 and 2030.

Algorand [ALGO] Price Prediction 2025

According to Changelly, cryptocurrency professionals have researched the prices of Algorand and their movements over the previous years. It is predicted that the least ALGO price in 2025 will be $0.639936 and the maximum will be $0.789921. The cost of trading will typically be $0.659934.

On the contrary, Telegaon predicts that Algorand may touch new highs in 2025. As per its price analysis, the maximum price of ALGO can reach $10.34 while its minimum price can go down to $4.98. The average price level of ALGO in 2025 can be around $6.17.

Even if there are 10 billion ALGO coins in circulation altogether, these assumptions appear excessive. To make Algorand more scalable, the issuance of these tokens has been spread out across ten years, with an end date of 2030.

The regulated nature of ALGO’s issuance is meant to protect it against excessive swings, dramatic (and unsustainable) bull runs, and collapses. This, even if it is anticipated that the aggregate supply of numerous cryptocurrencies would see high levels of volatility.

Now, because it does offer a useful service, it has already established a reputation in its market and has not reported any security breaches or other forms of compromises (economic, reputational, etc). Unlike many other projects of a similar nature, the token itself has utility and makes sense.


Is your portfolio green? Check out the ALGO profit calculator


Algorand [ALGO] Price Prediction 2030

Changelly predicts its maximum and minimum prices in 2030 to be $4.87 and $3.98. Its average trading price is expected to be $4.13.

As per Telegaon, Algorand can be among the top 10 projects by the market cap by 2030. Its average price can be around $71.50. Its price may oscillate between $69.02 and $83.62.

In the first quarter of 2022 alone, Algorand received investments from Genesis-Capital, Coinbase Ventures, Borderless Capital, ParaFi Capital, The Algorand Foundation, OKEx Blockdream Ventures, and Jump Crypto.

With more of these updates lined up going forward, one can only imagine what its impact will be on the wider ecosystem and ALGO’s value.

Conclusion

As a result of a short-term ascending parallel channel, a horizontal resistance zone, and a long-term descending resistance line, there is a convergence of resistance levels between $0.23 and $0.24. The price’s ability to move above or below this area could influence the direction of the trend going forward.

Silvio Micali, a professor at MIT and a cryptographer, invented Algorand, a proof-of-stake layer 1 blockchain, in 2017. The protocol is created as a network that focuses on payments, with an emphasis on scalability and transaction speed.

State-of-proof, a new interoperability standard, was recently incorporated into the protocol to facilitate cross-chain communication and boost transaction speed from 1,200 to 6,000 per second.

Algorand also has benefits in terms of processing transactions. Users will profit from its scalable operation and extremely efficient operation. The network is processing at 1,162 TPS and has a block finality of 4.36 seconds, according to the most recent information on the Nasdaq page. Stellar and this talent are practically the same.

Market experts had predicted that if the price of ALGO were to break down below the $0.27 area, it would also break down from an ascending support line in place since the beginning of the year. Therefore, it seemed that the upward movement has ended for some time now.

Indeed, a variety of elements, including announcements, new technological advancements made by Algorand projects, the larger crypto-ecosystem, legal status, and others, will influence potential growth in the future. For what it’s worth, the Fear & Greed Index was in the ‘neutral’ zone at press time.

Source: CFGI.io

Apart from this, if we want to talk about innovation, John Woods, CTO of the Algorand Foundation, provided an update on the project’s efforts to lead the development of quantum countermeasures for more secure cryptographic technology.

Woods focused in particular on the Falcon algorithm, which provides a means of avoiding the possible risk posed by quantum computers.

The top specialists in the field were invited by the American National Institute of Standards and Technology (NIST) in August 2016 to create cryptography algorithms resistant to quantum attacks. Falcon, created by Algorand developers Craig Gentry, Chris Peikert, and Vinod Vaikuntanathan, was one of the chosen algorithms. Trapdoors for Hard Lattices and New Cryptographic Constructions is the methodology on which it is built.

The blockchain will experience a 5x performance boost to 6,000 TPS and a 10% decrease in round times to 4s as a result of Algorand’s most recent significant protocol upgrade. The team intends to keep ahead of the adoption curve as demand for Algorand block space rises so that end users may concentrate on the UX of dApps rather than the underlying blockchains. As always, the underlying technology for Algorand ecosystem apps “simply works.”

Algorand has now decided to enter the world’s most populous country, India, with a project that aims to support the nation’s transformation from Web2 to Web3. AlgoBharat won’t have a registered entity in India but will see a dedicated team focus on real world utility for blockchain in India with relevance for the rest of the world.

Cardano (ADA) Price Prediction 2025-2030: Can long-term holders propel ADA

https://ambcrypto.com/cardano-ada-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

At press time, Cardano (ADA) was displaying indications of independence from the larger cryptocurrency market, underscoring its strength as a stand-alone commodity. This distance from other well-known cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) is evidence of ADA’s distinct price trajectory and long-lasting rise, which has lasted for more than a month.


Read Cardano’s (ADA) Price Prediction 2023-24


Notably, Cardano’s price has increased by over 10% in the last two days alone, further establishing it as a standout commodity in the cryptocurrency sector. This decoupling marks an important turning point in the development of the Cardano ecosystem and the increasing investor trust in its utility and long-term potential.

Cardano’s decoupling is not a transient occurrence, according to data from Santiment. In the last five months, large ADA holders with 10,000 or more coins have accumulated a total of 1.03 billion coins, representing a 3.3% increase in their holdings.

Source: TradingView

Cardano is betting on increased network development to overtake entities such as Ethereum. The Valentine (SECP) improvement, which promised to strengthen security and interoperability features on the blockchain, is one of the most recent upgrades predicted to trigger a price surge.

Other significant network operations include the continued expansion of the smart contracts’ capability, with the number of Plutus scripts approaching the 6,000 mark. Cardano blockchain transactions have also crossed the 61.4 million milestone.

Previously, the Vasil update was released, named after a notable Cardano community member. was designed to improve the ecosystem’s efficiency and block delay speeds. In terms of node compliance and exchange preparedness, the parent company’s website, Input Output Global, reported that over 75% of staking pool operators are running the required node versions.

Cardano developers will benefit from additional Plutus decentralized application (dApp) development support. The developers also stated in a blog that the majority of projects will be unaffected by the change.

The debut of Djed, the network’s stablecoin, is possibly the main factor driving Cardano’s ascent this month. Djed is an algorithmic stablecoin that is overcollateralized and pegged to the US Dollar. Additionally, it employs a rigorous verification procedure, making it one of the first stablecoins in the market. This indicates that it can be verified quantitatively and does not cause a bank’s audit of its collateral reserves.

Djed’s project’s creators disclosed that traders and investors will get extra benefits when they stake ADA to get Djed. This might drive up demand for ADA, which has led to advances over the previous several weeks.

Despite a challenging year for prices, Cardano has succeeded significantly in growing the number of new cryptocurrency wallets, adding more than 22,000 new staking addresses each month for 13 months.

Although the one-week gauges’ technical outlook is gloomy, traders may be more upbeat in the long run if they consider how the network is developing. In fact, over 20,000 new staking addresses have been added to Cardano on average monthly for more than a year.

Additionally, despite the collapse of FTX, Cardano’s wallet growth accelerated and added 30,000 wallets in a week. Additionally, over 300% growth was seen in the number of Cardano-based smart contracts, which for the first time topped 4,000.

According to CryptoCompare, the action increased the platform’s average daily active user base. The total number of Cardano’s daily active users increased by 15.6% last month to 75,800, the highest figure since May.

After multiple delays, Cardano’s Vasil mainnet upgrade, which promised to raise the network’s capacity and enhance the scalability of the blockchain, was released on 22 September. The same was first announced via a tweet by the Cardano Foundation.

On 27 September, Vasil’s full capabilities became available. Additionally, the Plutus V2 cost model was enabled by the Cardano blockchain, resulting in lower transaction costs for smart contracts.

It is anticipated that these modifications would increase ADA’s value. As of press time, however, this hasn’t happened. This is mostly because of the financial unpredictability around the world, according to Andy Lian, Chief Digital Advisor at the Mongolian Productivity Organization.

Interestingly, ADA has outperformed Bitcoin and Ethereum in terms of performance, having appreciated by 1100%. Cardano (ADA) is a relatively new coin. It is still a network with a lot of potential, though. Due to its modifications, the money transfer system is expanding without any problems in 2022, despite the crypto world crisis.

Cardano’s ADA reached its peak in the bull market in 2021. ADA’s price rose to a value of above $3 in September 2021. The price was forced to take losses once more. Before the significant bear market began, these losses occurred between September and November 2021.

The past few months have seen enormous losses for Cardano. Starting in September 2021, ADA lost a lot of its value. Prior to the same, the price had greatly increased as a result of the creation of smart contracts on the Cardano blockchain at the time. As a result, ADA’s price was able to rise significantly to $3.

Long favoured by long-term investors, ADA has suffered during much of 2022 and is down more than 80% from the year’s beginning when it traded at $2.28.

Even though ADA, along with the majority of the other crypto markets, had a gloomy September, important updates and strong token fundamentals suggest that it may be poised for a breakthrough in October. Historically, this has been a typically positive month for cryptocurrencies.

However, considering that important technical indicators like the RSI and MACD continue to be below 50, suggesting a bearish trend, it seems difficult for Cardano to hit $1 in the upcoming four weeks. Popular analyst Peter Brandt even asserted that ADA could decline to less than $0.25 in the near future.

There has been buzz surrounding contemporary blockchains like Solana and Avalanche. These pose a direct threat to Cardano and can be distinguished by extremely fast transaction speeds. Owing to the same, one can argue that Cardano needs to look over its shoulder.

Cardano’s Charles Hoskinson was recently in the news too, with the exec taking a shot at his favorite target – BTC maximalists.

Bitcoin [BTC] maximalist Bryan (@btc_bryan_21) took to Twitter to claim that Hoskinson could alter the number of ADA tokens as a result of purported centralization. Cardano’s maximum supply is set at 45 million ADA tokens.

However, the Twitter user claimed that since blockchain’s monetary policy is relatively changeable, nothing would stop the crypto-tycoon from modifying it.

Hoskinson outright denied the credibility of these allegations. He further called the Twitter user “stupid”. This is not the first time the Cardano founder has commented on BTC maximalists. In July 2022, he stated that BTC maximalists are “toxic” and “useless” people to engage with.

The aforementioned statement was made in response to the MicroStrategy CEO’s claims that ADA is unregistered security.

Since all ADA tokens now exist in the possession of their rightful owners, Cardano has consistently resisted the idea of destroying them. Hoskinson claims that this would be equivalent to stealing from the neighborhood.

Eight of the biggest cryptocurrency exchanges have modified their infrastructure, according to IOHK. Furthermore, the Cardano network’s development team is now prepared for the much-anticipated Vasil hard fork.

Furthermore, three of the top twelve exchanges for Cardano liquidity are ready for the upgrade. Several exchanges, including Gate.io, MEXC, Bitrue, OKx, Whitebit, BtcTurk, AscendEX, and Revuto, have improved their platforms.

Despite losses in recent months, Cardano’s price prediction should be fairly optimistic. Cardano should eventually become one of the most technologically advanced blockchains on the market thanks to its long-term, scientifically directed development. In the near future, Cardano might outperform Ethereum and other blockchains in every respect. What is the outlook for Cardano going forward?

Given everything, purchasing ADA must ultimately be prudent, right? The majority of analysts have optimistic forecasts for ADA. Furthermore, the majority of long-term ADA price forecasts are confident.

Why do these projections matter?

Cardano saw a substantial decline in 2022, falling from a high of $3.10 in September 2021 to a little over $0.47 in July 2022. However, only 75% of the total number of coins are now in use, thus there is still room for investors to amass coins.

Also, it seems like the conflict between Ethereum and Cardano may come down to an upgrade war. With the Goguen “Mary” update behind the latter and Vasil done too, it will be interesting to see what the impact of the same will be on the network and on ADA.

Over the past year, Cardano has established itself as one of the most active crypto-assets. As expected, it appears that cryptocurrency investors are optimistic as there has been an increase in the number of Cardano wallets. According to AdaStar, 121 new wallets have been created on average every hour since ADA’s record-breaking price run – A 98% hike.

Also, addresses holding between 10,000 and 10,000,000 ADAs have built on their accumulation tendencies, according to Santiment.

Since 27 July, these addresses have increased their portfolios by a total of 0.46% of ADA’s current supply. In just over 10 days, this amounts to an accumulation of ADA worth approximately $138 million.

3,105 Plutus-based smart contracts were implemented on the network, according to Cardano Blockchain Insights. Indeed, there has been an increase. In fact, in July, this number was 2,900. This demonstrates Cardano’s capability of enabling customers to create blockchain-related applications.

The bullish forecasts are in line with the generally bullish outlook on ADA that comes from network initiatives intended to make the asset more beneficial. The much-awaited Vasil hard fork is finally prepared for launch, according to Cardano’s Charles Hoskinson.

Supporters of the token are obsessed with price movement as it starts to recover. Despite slight gains, ADA is yet to meaningfully react to the upgrade. The coin has, however, profited from the recent two-month surge in the wider cryptocurrency market.

In this article, we’ll quickly review the current activity of the cryptocurrency with a focus on market cap and volume. In conclusion, predictions from the most well-known analysts and platforms will be summarized together.

ADA’s price, volume, and everything in between

The press time of ADA stood at $0.3878, with a market capitalization of $13,391,832,562. The price decreased by 1.63% last 24 hours, and was the seventh-largest cryptocurrency at the time of writing.

Source: ADA/USD, TradingView

The growth rate of FluidTokens, a DeFi lending platform that enables users to lend or borrow using CNFTs as collateral, was 54,000% over the previous month. However, the network did experience a considerable decline from its all-time high TVL of $326 million on 24 March.

By the end of the year, according to PLAYN creator Matt Lobel, ADA is likely to hike to $1.50. The management team’s quality-first philosophy, he claimed, will enable ADA “continue to develop and not encounter some of the quality challenges that other projects have,” although the rate at which it is expanding may be discouraging.

Martin Froehler, CEO of Morpher, concurred with this statement. He predicted that the value of ADA will reach $1 by the end of 2022 and stated simply that “slow and steady wins the race.” The CEO and Xo-founder of Router Protocol, Ramani Ramachandran, was not as convinced about the future applications of ADA, however.

The estimate for September was set by the community at $0.5891. A curious prediction made by the algorithm was that by the end of September, ADA will trade at $1.77. Needless to say, that didn’t happen.

And, if these predictions seem too much to you, then you must know that there are reasons why the sentiments are so bullish. According to the same Finder research stated earlier, one in five (20%) panelists believed that the Cardano hard fork, which aims to further decentralize the network and boost throughput, will have a favorable long-term effect on the altcoin’s price. Another 17% believed it will at least have a favorable effect shortly.

With Vasil past us now, it is safe to say that ADA is more likely to move at the behest of Bitcoin or other regulatory or macro-economic headwinds.

Source: Finder

The real value of the blockchain will increase as it becomes faster and more effective, and ADA’s value should increase along with it. Cardano may once again reach $1, according to the Motley Fool’s analysts, making it a solid investment at the moment.

The most cautious Cardano price forecasts anticipate roughly linear growth for ADA over the next five years. According to the Cardano projection, ADA will conclude 2022 at $2.74.

There’s good reason for the optimism behind Vasil too. In fact, according to developers,

“Vasil is the most significant Cardano update to date, bringing increased network capacity and lower cost transactions.”

Let’s now look at what well-known platforms and analysts have to say about where they believe ADA will be in 2025 and 2030.

Cardano ADA Price Prediction 2025

Now, even though most predictions are positive, some reasons force us to believe otherwise. Even though the much-awaited update of the blockchain is expected to take the price high, what if the update does not reach its promises and becomes a failure?

According to Changelly, the minimum ADA price is predicted to fall to $1.87 in 2025, while its maximum price will be $2.19. The cost of trading will typically be $1.93.

Cardano is forecasted by Finder’s team of FinTech experts to soar to $2.93 by 2025.

A cryptocurrency’s price typically reacts favourably to upgrades, as it did when Ethereum’s EIP-1559 was pushed and the asset’s value once again soared beyond the $ 3,000 mark. However, in the instance of Cardano, the assets’ value fell dramatically, by nearly 50% within one month of the launch of Alonzo.

However, even in a down market, Cardano strives to consistently improve its products. Investors should feel confident as a result because the project’s utility keeps growing. This distinguishes Cardano from several other “meme currencies.”

This seems to support a bullish Cardano prediction, which is why many analysts believe that ADA will be valuable in the long run. Building the utility now might serve as a launchpad for when the cryptocurrency markets heat up again, which would cause the price of ADA to soar dramatically, that it would even top its all-time high.


Are your ADA holdings flashing green? Check the profit calculator


And you have reasons to believe that. Until 2026, the Cardano blockchain project hopes to sign up as many as 50 banks and 10 Fortune 500 businesses, according to Frederik Gregaard, CEO of the Cardano Foundation.

Gregaard also discussed how he hopes to make it possible for banking institutions to use Cardano’s utility token in a formal presentation.

Cardano ADA Price Prediction 2030

Experts frequently advise to educate the public about cryptocurrencies before broad adoption takes place. And, the recent frenzy has probably done just that for many. As a result, many believe that ADA has a strong possibility of continuing to rise through 2030 and beyond.

It’s not “out of reach” for Cardano to surpass the “double-digit threshold,” according to Josh Enomoto, a former senior business analyst for Sony Electronics who has experience working with Fortune 500 businesses, who wrote about it in Nasdaq.com.

He first presented that argument in May 2021 and even forecast that the ADA price would reach $22 by the end of 2022 and perhaps $100 by the end of 2027. Both up and negative trends in altcoin prices are fairly powerful.

Finder’s panel has considered Cardano’s future, placing it in a good position. It believes ADA will hit $6.53 by 2030.

Furthermore, according to cryptocurrency exchange Kraken, the debut of the Minswap decentralized exchange (DEX) and growth in the SundaeSwap and MuesliSwap DEXs allowed Cardano’s total locked value (TVL) in decentralized finance (DeFi) apps to increase by more than 130% in March this year.

Eight years, though, are not without their ups and downs and rough patches. Inflation, recession, conflict, and the fear of an economic collapse are just a few of the hiccups.

Many in the cryptocurrency community are still optimistic about the chances of Cardano’s acceptance in the future.

In January, Ethereum’s Vitalik Buterin asked the community on Twitter which crypto, outside of ETH, they would prefer to see dominate transactions in 2035. ADA received 42% of the more than 600,000 votes, while Bitcoin received 38.4%.

 

Conclusion

A strong bullish sentiment among investors is also reflected in Cardano’s steady upward trajectory over the past month, which validates the project’s long-term goals and supports its ability to deliver on its promises.

The upward trend of ADA corresponds with the launch of Cardano’s latest network update on 17 March. The new node version, which supports bidirectional usage of block-producing nodes and relay nodes and may protect against errors or malicious behavior, is known as dynamic peer-to-peer (P2P) networking.

A more hawkish Fed tightening its views for the year has caused traders to price in an aggressive decline in the cryptocurrency’s price over the past few weeks. This coincides with broader crypto-market weakness as a result of strength in the US dollar, US rates, and weakness in equities.

Market anxieties about regulatory crackdowns in the U.S. and the recent collapse of crypto-friendly Silvergate Bank are just two examples of concerns related to cryptocurrencies

Whale transactions on Cardano (ADA) dramatically rose in February 2023. This is in stark contrast to the 300 daily transactions recorded in January 2023, with an average of 1,700 transactions per day valued at $100,000 or more. This increase in whale activity is good news for the cryptocurrency asset.

Until the ADA price moves over the long- and short-term barrier at $0.405, Cardano’s price will remain bearish. The RSI is leaning towards a negative trend because it is slightly below 50.

After a significant decline in 2022, analysts predict that ADA might eventually provide value and a strong return on investment. The volatility of cryptocurrencies, though, makes everything possible. Never put more money at risk than you can afford to lose.

Remember that within three months of its release, ADA surged to over $1 during the 2017 crypto bull run, which saw retail investor FOMO (fear of missing out) drive the price of Bitcoin to $20,000. The entire advance was subsequently totally retraced down to $0.02 during the 2018 bear market.

The number of purchasers on the one-day chart has increased as a result of the altcoin’s demand showing significant appreciation.

To reduce the likelihood of price volatility, the Cardano price must continue to rise. However, it is emphasized that there is always a potential for a price decline following a surge.

The price of Cardano is currently 88% lower than the record high it reached in September 2021. For the altcoin, a rise above its immediate resistance point will open a clean route.

Fundamental analysis (FA), such as a growth in network addresses and TVL, which indicate the growing mainstream adoption of a crypto-project, should be of greater concern to long-term investors.

In addition, MuesliSwap, the first Cardano-based decentralized exchange, announced the successful integration of Plutus V2, making it more effective and less expensive to operate. Another upgrade to Cardano is expected to be issued shortly, according to a cryptic tweet earlier this week from the project’s founder Charles Hoskinson.

Moreover, network activity increased to 97,959 because of the rush to purchase Cardano NFTs, a 75% month-over-month rise. Despite the fact that interest in the project has decreased by about 90% from its peak in 2021, the founder, Charles Hoskinson, has portrayed an unconcerned picture. By the time dApps created on the blockchain create their own value, he said, “2023, 2024,” billions in venture money will enter the economy.

Recently, Charles Hoskinson came under fire for saying that switching to contingent staking would help the cryptocurrency industry comply with regulatory requirements. This was in response to a crackdown on staking activities by American regulators.

The Fear and Greed Index of ADA stood at ‘neutral’ at press time.

Source: CFGI.io

Expect to see a break to the upside above $0.324 if markets attempt to force price action back up into a squeeze against any negative level in an effort to shake off the bearish attitude once more. If Jerome Powell and Christine Lagarde provide the markets with some encouraging messages before the year is over, look for $0.400 perhaps.

With the introduction of its first stablecoin, the Cardano network just accomplished a new feat. On the Cardano network, new stablecoins are being developed. The commercial division of Cardano, EMURGO, revealed earlier this month that its new USD-backed stablecoin USDA would be “the first completely fiat-backed, regulatory compliant stablecoin in the Cardano ecosystem.”

Ethereum (ETH) Price Prediction 2025-2030: ETH balances between bulls and bears

https://ambcrypto.com/ethereum-eth-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Ethereum (ETH), the token that powers the world’s leading smart contracts platform, is balancing precariously $1,800. Ethereum’s price rose dramatically in March, replicating Bitcoin’s performance, before hitting resistance at $1,850.


Read Price Prediction for Ethereum (ETH) 2023-24


ETH, the market’s second-largest token, has been trading between $1,766 and $1,844, indicating an overall bullish trend in the crypto market. The ETH token has recently seen a significant increase in demand as investors flock to the cryptocurrency due to its impressive returns and solid project fundamentals. If $1,800 support holds, ETH’s price could strengthen its bullish outlook over the weekend and move closer to the $2,000 mark.

As we approach the launch of the Shanghai update, this speculation is not improbable. The initial cost of Ethereum in 2022 was $3,722.59. At press time, ETH was trading at $1,827.92.

Source: TradingView

The unpredictability has also been caused by Ethereum’s long-awaited Shanghai upgrade, which is expected to become operational in a few weeks. A short-term sell-off event is expected to follow the update, which will allow stakers to withdraw their vested tokens from Ethereum’s proof-of-stake (PoS) smart contract.

The Ethereum community seems to be supportive of Coinbase’s recently revealed layer-2 network, Base, which has been called a “watershed moment” and a “huge confidence vote” for the blockchain network.

Base, a layer-2 network driven by Optimism and secured on Ethereum, seeks to eventually develop into a network for creating decentralized applications (dApps) on the blockchain. According to Brian Armstrong, CEO of Coinbase, the layer-2 network is now in its testnet phase.

The move is “a massive vote of confidence for Ethereum,” according to Ryan Sean Adams, host of the Bankless Show. This could set a precedent for cryptocurrency businesses and financial institutions to use Ethereum as their preferred settlement layer.

Recently, Vitalik Buterin, the creator of Ethereum, donated $150,000 in ETH to Syrian and Turkish victims. Additionally, the native coin of the Ethereum blockchain, ETH, experienced a significant price drop after whales sold 350,000 ETH tokens.

Parithosh Jayanthi, a developer for the Ethereum Foundation, declared that the “Zhejiang” public testnet will debut on 1 February. In order for validators to prepare for the anticipated modifications for the Shanghai hard fork, the implementation will permit staked Ether withdrawal in a test environment.

According to Diogo Mónica, co-founder and president of Anchorage Digital, a cryptocurrency bank with a market cap of over $3 billion, the Merge’s success transformed Ethereum from “a smart contract platform lagging behind” into “something that was doing things properly.” This is accurate: After the Merge, institutional interest in ETH staking rose, according to Matt Hougan, CIO at Bitwise Asset Management.

As ETH dominance has increased compared to other cryptocurrencies over the past few years, Ether’s bullish setup vs Bitcoin is apparent. Both Bitcoin and Ethereum have consolidated over the week as the broader crypto market continues to enjoy a bullish spell.

The price of Ethereum has lately undergone a significant correction, yet the whales have been purchasing at every decline. The fifth-largest accumulation day in a year was recorded last week as ETH whale activity reached a new level. As the FTX problem developed over this month of November, Ethereum whales have been building up. According to a Santiment report,

“Ethereum’s large key addresses have been growing in number since the #FTX debacle in early November. Pictured are the key moments where shark & whale addresses have accumulated & dumped. The number of 100 to 100k $ETH addresses is at a 20-month high.”

It almost reached the lows during the FTX collapse-driven meltdown of the cryptocurrency market, but it rapidly bounced back and was able to maintain above those levels as well. This strengthens the argument since Ethereum has typically outperformed Bitcoin.

Given everything, buying Ethereum must be a sound investment in the long term, right? Most experts have positive predictions for ETH. Furthermore, the bulk of long-term Ethereum price projections are upbeat.

Why are projections important?

Since Ethereum has seen phenomenal growth in recent years, it is not surprising that investors are placing significant bets on this cryptocurrency. Ethereum gained traction after the price of Bitcoin dropped in 2020, following a protracted period of stagnation in 2018 and 2019.

Interestingly, much of the altcoin market remained idle even after the halving. One of the few that picked up the momentum quickly is Ethereum. Ethereum had increased by 200% from its 2017 highs by the end of 2021.

Ethereum may experience such a spike thanks to several crucial factors. One of these is an upgrade to the Ethereum network, specifically a move to Ethereum 2.0. Another reason is the Ethereum tokenomics debate. With the switch to Ethereum 2.0, ether tokenomics will become even more deflationary. As a result, there won’t be as many tokens on the market to meet increasing demand. The outcome might increase Ethereum’s rising momentum in the future.

In this article, we’ll take a quick look at the cryptocurrency market’s recent performance, paying particular attention to market cap and volume. The most well-known analysts’ and platforms’ predictions will be summarized at the end, along with a look at the Fear & Greed Index to gauge market sentiment.

Ethereum’s price, volume, and everything in between

At press time, ETH was trading at $1819.41, with a market capitalization of $219,362,139,206.

Source: ETH/USD on TradingView

Even though it’s difficult to forecast the price of a volatile cryptocurrency, most experts concur that ETH may once again cross the $4,000 barrier in 2023. And, according to a recent forecast by Bloomberg intelligence analyst Mike McGlone, the price of Ethereum will conclude the year between $4,000 and $4,500.

Additionally, according to a report by Kaiko last year, ETH’s market share of trading volume will reach 50% parity with Bitcoin’s for the first time in 2023.

According to Kaiko, ETH outpaced Bitcoin in July last year as a result of significant inflows into the spot and derivative markets. Most exchanges have seen this surge, which can be an indication of returning investors. Additionally, a rise in average trade size is the exact reverse of what has been seen so far in 2022’s downturn.

In fact, a majority of cryptocurrency influencers are bullish on Ethereum and anticipate it to reach incredible highs.

While the broader Ethereum community was looking forward to the environment-friendly PoS update, a faction emerged in favor of a fork that will retain the energy-intensive PoW model.

The faction was mostly made up of miners who risk losing their investment in expensive mining equipment since the update would render their business model useless. Prominent Chinese miner Chandler Guo stated on Twitter that an ETHPoW is “coming soon”.

At the time, Binance clarified that in the event of a fork which creates a new token, the ETH ticker will be reserved for the Ethereum PoS chain, adding that “withdrawals for the forked token will be supported”. Stablecoin projects Tether and Circle both reiterated their exclusive support for the Ethereum PoS chain after the Merge.

TradingView expressed the same opinion at the time this article was written, and their technical analysis of the Ethereum price indicated that it was a “Buy” signal for ETH.

In fact, PwC’s Crypto-head Henri Arslanian claimed in an edition of First Mover that “Ethereum is the only show in town.” However, investors will need to witness increased demand and functioning for Ether’s price to keep climbing.

According to investor and creator of the cryptocurrency research and media organization Token Metrics Ian Balina, “I think Ethereum can go to $8,000.”

ETH Whale Activity

On 27 March, blockchain analytics firm Santiment revealed that almost 90% of Ethereum’s supply was stored in self-custody addresses. The last time the figure was so high was nearly eight years ago in 2015, shortly after the protocol’s native token saw the light of day. This was happening as users are withdrawing their assets from Binance that is facing CFTC’s investigation. 

This essential all-time low ratio of ETH on exchanges (10.31%) indicated confidence from hodlers.

Data from blockchain analytics firm Santiment shows ETH supply held by the top addresses on crypto exchanges has been on the rise since early June. On the other hand, ETH supply held by the top non-exchange addresses i.e. ETH held in hardware wallets, digital wallets etc. has been declining since early June. But why June? Because it was around that time that a tentative timeline for the Merge was disclosed to the community.

Also, Santiment had tweeted that over the past 3 months, whales had beefed up their exchange holdings by 78%.

So what does this mean? It means that Ethereum whales are moving their ETH onto exchanges. Top ETH hodlers are taking their supply out of cold storage and moving it to exchanges, most likely to facilitate a quick transaction if needed.

In the run up to the merge, a number of exchanges like Coinbase and Binance announced that they will be suspending all ETH and ERC-20 token deposits and withdrawals, in order to ensure a seamless transition.

It is possible that the whales moved their holdings onto exchanges to either preemptively dump their holdings in anticipation of a price slump after the Merge. The other possibility is them waiting till well after the Merge to act on ETH’s price action.

Let’s now look at what well-known platforms and analysts have to say about where they believe Ethereum will be in 2025 and 2030.

Ethereum Price Prediction 2025

According to Changelly, the least expected price of ETH in 2025 is $4,204.12, while the maximum possible price is $5,063.95. The average expected trading cost is $4,355.45.

DigitalCoinPrice is even more bullish in its assessment of ETH’s future performance. It predicts that ETH will trade as low as $5,380.03 and as high as $6,601.51, with its average price being $5,918.92.

However, you have to remember that the year is 2025, and a lot of these projections are based on Ethereum 2.0 launching and performing successfully. And by that, it means Ethereum has to solve its high-cost gas fees issues as well. Also, global regulatory and legislative frameworks have not yet consistently backed cryptocurrencies.

However, even though newer and more environmentally friendly technologies have been developed, analysts frequently claim that Ethereum’s “first mover advantage” has positioned it for long-term success, despite new competition. The price predictions seem conceivable because, in addition to its projected update, Ethereum is anticipated to be used more frequently than ever before in the development of DApps.


How many ETHs can you buy for $1?


Ethereum Price Prediction 2030

Changelly also argued that the price of ETH in 2030 has been estimated by cryptocurrency specialists after years of price monitoring. It will be traded for a minimum of $24,867.82 and a maximum of $30,483.23. So, on average, you can anticipate that in 2030, the price of ETH will be roughly $25,593.23.

DigitalCoinPrice is, however, not as bullish in its 2030 prediction for ETH. It predicts that the minimum and maximum prices of ETH in 2030 will be $17,805.72 and $19,116.90. On average, it will be traded at $18,729.30.

Long-term Ethereum price estimates can be a useful tool for analyzing the market and learning how key platforms anticipate that future developments like the Ethereum 2.0 upgrade will affect pricing.

Crypto-Rating, for instance, predicts that by 2030, Ethereum’s value will likely exceed $100,000.

Both Pantera Capital CEO Dan Morehead and deVEre Group founder Nigel Green also predict that during the next ten years, the price of ETH will hit $100,000.

Sounds like too much? Well, the functional capabilities of the network, such as interoperability, security, and transaction speed, will radically change as a result of Ethereum 2.0. Should these and other related reforms be successfully implemented, opinion on ETH will change from being slightly favorable to strongly bullish. This will provide Ethereum the chance to entirely rewrite the rules of the cryptocurrency game.

Conclusion

Another potential worry on investors’ concerns is the prospect of a price impact when validators are finally free to return their 32 ETH deposits following the conclusion of the Shapella hard fork. How many of the 16 million ETH that is currently staked on the Beacon Chain will be sold on the open market is unknown.

A compelling argument in favor of transitioning to liquid staking platforms is the capability to use liquid staking derivatives on other decentralized finance networks without sacrificing staking reward.

While some of these investors have invested in rival tokens in order to profit, others are doing it out of precaution in order to hedge their portfolios. This has been corroborated by the volatility witnessed in metrics like daily active users and price action of so-called Ethereum killers like Avalanche, Solana, Cardano etc. in the run up to the merge event which is less than a month away.

The majority of investors anticipated that Ethereum would bottom out at $3500 early this year, but the currency moved lower to show them incorrect. In fact, ETH briefly fell below the terrifying $1000 threshold.

However, the coin has always rebounded when it appeared that it was poised to strike the target once more, restoring confidence in its future. This includes the incident in November 2022 when an FTX hacker allegedly dumped over 30,000 ETH. Hope is offered by the token’s persistence in the wake of the FTX bankruptcy and the protracted crypto cold.

There is broad hope that the first smart contract blockchain will survive this period of trials, despite Ethereum’s rivalries and other factors contributing to its continuous instability.

As far as the Merge is concerned, it is being hailed as a major success story by the Ethereum community. Buterin cited a research study by an Ethereum researcher, Justin Drake, that suggests that the “merge will reduce worldwide electricity consumption by 0.2%.”

It also reduces the time to mine one block of ETH from 13 seconds to 12 seconds. The Merge marks 55% completion of Ethereum’s journey toward greater scalability and sustainability.

The likelihood that Ether will experience a price surge of 50% in the future is increased by its superior interim fundamentals to those of Bitcoin. To begin with, Ether’s annual supply rate plummeted in October 2022, in part because of a fee-burning mechanism known as EIP-1559 that takes a certain amount of ETH out of perpetual circulation anytime an on-chain transaction takes place.

Concerns about censorship on the Ethereum ecosystem have also emerged post the Merge. Around half of the Ethereum blocks are Office of Foreign Assets Control (OFAC)-compliant as MEV-Boost got implemented. As Ethereum has upgraded to a PoS consensus, MEV-Boost has been enabled to a more representative distribution of block proposers, rather than a small group of miners under PoW. This development raises a concern about censorship under the force of OFAC.

It is interesting to note that while many eagerly waited for Ethereum’s Merge and beefed up their holdings in anticipation of a price surge, there was a group of investors who weren’t confident in the Merge’s successful rollout. These investors were betting on a glitch in the rollout process, hoping that the update runs into trouble. While some of these investors have started investing in rival tokens in order to profit, others are doing it out of precaution in order to hedge their portfolios. This was corroborated by the volatility witnessed in metrics like daily active users and price action of so-called Ethereum killers like Avalanche, Solana, Cardano etc. in the run up to the Merge.

The majority of Ethereum price forecasts indicate that ETH can anticipate tremendous growth over the ensuing years.

As per Santiment, Ethereum’s active addresses have sunk to 4-month lows with weak hands continuing to drop post-Merge and disinterest at a high as prices have stagnated.

What about the flippening then? Is it possible that the altcoin might pass Bitcoin on the charts in the future? Well, that is possible. In fact, according to BlockchainCenter, ETH has already surpassed BTC on a few key metrics.

Consider Transaction Counts and Total Transaction Fees, for instance. On both counts, ETH is ahead of BTC.

Source: Blockchain Center

On the contrary, the traditional definition of a ‘flippening’ relates to the market cap of cryptos flipping.

However, remember that a lot can change over these years, especially in a highly volatile market like cryptocurrency. Leading analysts’ projections may vary, but even the most conservative one’s might cause respectable profits for anyone choosing to invest in Ethereum. As far as the F&G Index is concerned, ETH shows ‘neutral’ market sentiment for the moment.

Source: CFGI.io

Unlocking Ethereum’s Potential: Vitalik Buterin’s Vision For ZK-EVMs

https://www.tronweekly.com/ethereums-vitalik-buterins-vision-for-zk-evms/

Ethereum Founder, Vitalik Buterin, has suggested using ZK-EVMs to make Ethereum blocks smaller in size and easier to verify. In a recent blog post, Buterin highlighted the importance of the rise of ZK-EVMs in validating the Ethereum chain. 

ZK-EVMs are expected to become a third type of the network’s client, just as important to the network’s security as execution clients and consensus clients. 

The multi-client philosophy of Ethereum’s decentralization, which serves both technical and social benefits, will be challenged by the interaction between ZK-EVMs and the multi-client philosophy. 

Today’s main issue with the network is its difficulty verifying layer 1, leading to a low number of users running their nodes. It is where the ZK-SNARKs come in; they can verify layer 1 and make it easier to verify not only on laptops but also inside phones and other chains.

Options To Make Ethereum Blocks Smaller & More Verifiable

Buterin suggests two options for addressing this issue. The first solution proposed by Buterin is to constrict layer 1 by reducing the gas-per-block target from 15 million to 1 million. It would force most user activity to move to layer 2 protocols, while layer 1 would act as a clearinghouse for layer 2 protocols. 

Although this approach could work, it has several important weaknesses, including backward compatibility and verification cost issues.

The second solution proposed by Buterin is to use ZK-SNARKs to verify layer 1 itself. Specifically, a type 1 (fully Ethereum-equivalent) ZK-EVM can be used to verify the EVM execution of a layer 1 Ethereum block. 

ZK-SNARKs have been under development for years and are already actively being used by layer 2 protocols called ZK rollups. Once ZK-EVMs are used to verify execution on layer 1, they will become a third type of Ethereum client, just as important to the network’s security as execution clients and consensus clients are today.

However, this solution also presents technical challenges, such as creating a “multi-client” ecosystem for ZK-proving correctness of ETH blocks. Buterin believes that the benefits of verifying layer 1 using ZK-SNARKs outweigh the challenges. 

He argues that this approach would allow users to actually verify that the chain follows the rules and enable the Ethereum protocol to be easily verified on laptops, phones, and even inside other chains.

Nevertheless, the verification problem facing Ethereum is a major issue that needs to be addressed to maintain the decentralized nature of the blockchain. Buterin’s proposals of constraining layer 1 or using ZK-SNARKs to verify layer 1 are potential solutions, each with strengths and weaknesses. 

Ultimately, the Ethereum community will need to come together to decide which solution is the most appropriate for the long-term success of the blockchain.

Related Reading | TRON Founder No Longer Grenada’s WTO Ambassador?

Dogecoin Soars by 9%: Is this the Start of a New Altcoin Season?

https://thenewscrypto.com/dogecoin-soars-by-9-is-this-the-start-of-a-new-altcoin-season/

  • Dogecoin’s recent surge in value can be attributed to a collaboration with Maximus DAO and increased trading volume.
  • Other cryptocurrencies, such as Ethereum and BNB, have seen minor gains, while Cardano has faced a slight decline, and Ripple has increased by less than 3%.
  • Bitcoin has experienced a negative trend over the last 24 hours, with decreased trading volume.

In the cryptocurrency world, Dogecoin (DOGE) has been making headlines once again as its value has begun to soar. With its recent price surge of 9%, many investors are optimistic that this could be the start of a new altcoin season.

Currently, the DOGE price is exchanging hands at $0.08264 with a support and resistance level at $0.07614 and $0.08528, respectively. A further bullish optimism can be indicated by the digital tokens trading volume increase, which has increased 121.96% to $1,031,350,949, indicating that Dogecoin can record further growth.

However, the recent surge in the price of the meme coin can also be attributed to the recent collaboration with Maximus DAO. This is after Maximum DAO announced on their official Twitter account that they would launch a Dogecoin staking pool Dogecoin ecosystem.

In addition, other alternative cryptocurrencies have also experienced a surge in their daily trading volume. Ethereum (ETH) has climbed above $1,800, BNB has stabilized at $315, and others like LTC, MATIC, SOL, and TRX have observed minor gains.

Cardano (ADA) has faced a slight decline of just over 1%, whereas Ripple (XRP) has increased by less than 3%. Among the larger-cap alts, Dogecoin and Shiba Inu have performed remarkably well. The initial memecoin has surged by nearly 9%, reaching above $0.08, while Shiba Inu (SHIB) has risen by just over 3.37% and is trading at $0.0000112.

Bitcoin (BTC) Trading on Negative Trajectory

As per CoinMarketCap’s data, Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization, has been experiencing a bearish trend over the last 24 hours. It is priced at $28,391.69 after touching a 90-day high of $29,159.90. The trading volume has decreased by 38.00%, currently at $10,163,836,564.

On Friday, the BTC market was dominated by bears, causing a drop in its price below $28,000. However, the bulls regained control as Saturday arrived, and the BTC price climbed back to $28,000.