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SUI hit $2 price peak 🚀
Expectations have certainly been raised...
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🔥 Economist Henrik Zeberg predicts Bitcoin could surge to $115,000-$123,000 in a blow-off top move during Q4 of this year. #Bitcoin #BTC $BTC
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💬 Ethereum co-founder Vitalik Buterin recently spotlighted a new update on Optimism’s SuperchainERC20 protocol. This feature includes a new cross-chain interface, encouraging better collaboration among Ethereum infrastructures. 🔸 Vitalik Buterin lauds Optimism's bold L2 plan In a Friday X post, Buterin highlighted a GitHub pull request update by Optimism, an Ethereum Layer-2 scaling solution. The update is focused on revamping the SuperchainERC20 standard by introducing a new bridge, SuperchainERC20Bridge, and an ICrosschainERC20 interface. This new redesign will improve Ethereum’s scalability and interoperability across many Layer-2 solutions. The proposal calls for moving SuperchainERC20 functions like sendERC20 and relayERC20 to the recently created SuperchainERC20Bridge. On the other hand, the ICrosschainERC20 interface is intended to manage mint and burn functions more effectively. This update brings Optimism closer to realizing its vision of a "superchain" structure, where multiple blockchains work together seamlessly and efficiently. Buterin praised the new development and commended the collaborative spirit among Ethereum’s infrastructure players. "I think people are sleeping on just how much Ethereum infrastructure players really are willing to cooperate and build a unified Ethereum ecosystem," he said. 🔸 Other upgrades on Optimism Launched in 2021 as an Ethereum Layer-2 scalability network, Optimism leverages Optimistic Rollups. This technology enables faster and more efficient transfers while preserving the security of the main blockchain. Over the years, Optimism has become a valuable player in the Ethereum ecosystem, performing a series of updates to improve the network. Last year, Optimism introduced the Bedrock update, which aims to overhaul the network’s architecture, bringing increased modularity, simplicity and performance. Furthermore, Optimism proposed smart contract upgrades and an L2 hard fork to tackle security vulnerabilities found during security audits. #OP #Optimism #ETH #Ethereum
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🟠 Polymarket bettors estimate a 60% chance that the HBO documentary will claim Len Sassaman is Satoshi Nakamoto 🤔 #HBO #BTC #Bitcoin
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👀 XRP Rally Never Going to Happen: Max Keiser Vocal Bitcoin maximalist and a former financial journalist Max Keiser has mocked XRP holders in a recent tweet, saying that the chances of their favourite cryptocurrency starting to rally are equal to zero. Over the past few years, Keiser has been a Bitcoin advisor of El Salvador president Nayib Bukele. This country adopted BTC as its official and the only legal currency for its citizens. 🔸 XRP rally never going to happen, Keiser says Keiser published a 15-second video, in which a fledging crow is trying to eat a worm. The fledging crow only is opening its mouth but is not making any attempts to catch it. Bitcoin maxi’s tweet states: “XRP holders waiting for the rally that is NEVER GOING TO HAPPEN.” 💬 XRP holders waiting for the rally that is NEVER GOING TO HAPPEN. — Max Keiser Being a Bitcoin maximalist, Keiser constantly criticizes altcoins, especially top ones, like XRP, SOL, ADA, and ETH, referring to them as centralized “s-coins”. Once, Keiser tweeted that he agreed with the SEC and its chairman’s Gary Gensler’s policy about claiming altcoins to be unregistered securities as the regulator sued various crypto platforms in the US. In May this year, Keiser tweeted that XRP was made “to steal billions from witness fools,” referring to the SEC’s case against Ripple that has been running since the end of December 2020. 🔸 SEC appeals Ripple case The aforesaid comment made by the El Salvador president’s Bitcoin advisor comes after reports that the Securities and Exchange Commission had filed an appeal against the ruling of the federal judge Analisa Torres in its lawsuit against blockchain behemoth Ripple. On October 2, the agency filed its appeal, which created a trigger for a significant XRP price drop. However, the SEC is yet to file Form C with the Second Circuit to specify which issues exactly in the case it wants to appeal. #XRP #SEC
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📊 What Is Keeping Hamster Kombat Below $0.1 The token’s circulating supply of 64.37 billion HMSTR is mainly what is keeping its price below $0.1. A rise to $0.1 means that the Hamster Kombat will have a market cap of $6.43 billion. However, for now, such a market cap for the crypto token is unlikely possible, considering the crypto market’s total market cap. For the HMSTR price to attain such a market cap, the broader crypto market will need to experience exponential growth. For context, only the fifteen largest crypto tokens by market cap currently boast a market cap of $6.4 million and above. As such, it is unlikely that HMSTR will witness a price surge to $0.1 anytime soon. Moreover, Hamster doesn’t have any predefined burn mechanism in place. As such, the token remains inflationary and would only become less valuable as they release more tokens into circulation. Hamster released a whopping 64% of its total supply of 100 billion HSMTR upon launch. 60% of the supply went to the community. This was a bold move, considering that a significant number of these community members were already likely to dump their tokens upon receipt of their airdrop. This ultimately created a situation whereby the token’s supply exceeded its demand, which contributed to the downward pressure it faced upon launch. Despite its heavy popularity, the Hamster Kombat downtrend has continued. The HMSTR price is currently down over 50% from its current ATH of $0.01004. The token could once again witness a supply shock when season 2 of the Hamster airdrop ends. However, the season 2 airdrop campaign won’t end until Q1 of next year, meaning that the token’s price could achieve some stability before then. #HMSTR #HamsterKombat $HMSTR
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