Blockchain ecosystem Cronos has completed a major upgrade that promises to make it one of the fastest decentralized networks on the market, capable of processing up to 60,000 transactions per second, its developers say.
The Cronos EVM v1.4.0 Pallene upgrade is a major milestone for Cronos, which was built by Crypto.com to support its ambitions of developing an ecosystem of decentralized financial services and other types of dApps around its exchange platform.
Cronos wants to become a bigger player in DeFi, blockchain gaming, and also in artificial intelligence agents, which it believes will play a crucial role in growing Web3 adoption. AI agents are autonomous systems that can automate various tasks on behalf of their users with minimal human intervention. Examples could include an AI agent that manages someone’s crypto investments, automatically rebalancing their portfolio according to market changes.
AI agents have taken center stage on Cronos’ roadmap due to their potential to catalyze the mass adoption of Web3. Its developers believe that any network that can best support AI agents will become a key player in the next wave of AI innovation.
The anticipated increase in AI agent activity across Cronos is what drove the need for Pallene, and should significantly enhance its ability to support these workloads. Pallene is all about increasing Cronos’ scalability, and it does so in a dramatic way, accelerating transaction execution by 600x.
The main enabler of this is Cronos' Block-STM technology, which facilitates parallel processing of transactions, so the network can compress many more transactions into a single block.
Another critical feature introduced by Pallene is the ability to perform optimizations via Cosmos SDK 0.50. This helps speed up block processing while making the network more responsive, developers say.
The Cronos Pallene upgrade also enhanced its cross-chain capabilities, thanks to an update to the Inter-Blockchain Communication or IBC protocol. This facilitates communication between Cronos and IBC-compatible networks as well as ERC-20 chains.
Ken Timsit, Cronos’ managing director, hailed the upgrade as a “defining milestone,” giving it the ability to scale to meet the expected demands of future AI-powered blockchain applications. He said it has effectively become future-proof.
“The blockchain virtual machine can now execute up to 60,000 transactions per second in parallel,” Timsit explained. He added that the next step for his team will be to “remove any remaining bottlenecks at the network layer” in order to support the mass adoption of AI agents.
There is a lot of buzz in the crypto market. For example, analyst XO predicts a $300 price target for Solana (SOL). Also, based on the bullish technical indicators, Cardano (ADA) has started showing promising signs of growth. Despite all this, DTX Exchange (DTX) is also standing out as one of the best new ICOs.
This presale, now in phase six, has already seen a 500% price increase. Given its potential to dominate the online trading space and tap into the growing $1.4T FX market, experts remain bullish on it. Some even predict a 5x growth potential for this altcoin by 2025.
XO: Solana (SOL) Price Could Reach $300 Soon
Solana (SOL) is seeing some green price charts right now. CoinMarketCap shows that this altcoin has seen a price increase of over 5% in the last 30 days, rising from around $200 to over $250.
Crypto analyst XO has thrilled traders with his Solana price prediction. According to his post on X, this altcoin will see a major bounce if it holds the low $200s as support. XO predicts a potential surge to $300 for Solana (SOL) soon.
Technicals are showing some good signs for Solana crypto. For example, TradingView shows that its value is above its 50-day EMA ($213). Furthermore, its momentum indicator is at -20, which is in the buy zone and suggests that this uptrend may continue.
Cardano (ADA) Technicians Remain Optimistic as Price Rises
Cardano (ADA) is another cryptocurrency that is on a bullish streak. On the one-month chart, Cardano’s price has increased from around $0.50 to over $1. In other words, its value has skyrocketed by over 70% according to CoinMarketCap.
Technical analysis for Cardano (ADA) is also bullish. According to TradingView, the cryptocurrency is trading above its 30-day EMA ($0.95) and its momentum indicator is at -0.06, which is in the buy zone. Therefore, Cardano coin could continue its bullish trajectory.
Market expert Valeriya also remains bullish on Cardano. In her new post on X, she stated that a jump to $1.20 or even $1.25 is still possible. This Cardano price prediction has caught the attention of traders.
DTX Exchange (DTX) Excites Traders with 500% Surge Year to Date
DTX Exchange (DTX) is a hot altcoin right now. Those who bought it early in its crypto ICO event have already received 500% returns. With the addition of a listing on CoinMarketCap, countless traders are now rushing to buy DTX.
This token will power the DTX Exchange platform. On this hybrid trading platform, people will receive:
● Access to 120K+ asset classes like gold, FX, and cryptocurrencies.● Transaction speeds as fast as 0.04 seconds.● Privacy thanks to no KYC checks on the record.
On the other hand, those who hold the DTX token will have voting rights in governance as well as a share of the transaction fee revenue generated by the DTX Exchange. This has led to the sale of millions of DTX tokens.
Currently, one DTX costs just $0.12, which is a 500% increase from its initial price of $0.02. However, this pre-order price will increase to $0.14 after phase seven begins. Furthermore, its expected launch price is set at $0.20, which is a 66% increase from its current price.
Can a DTX Exchange (DTX) shoot like Solana (SOL) & Cardano (ADA)?
While Solana (SOL) and Cardano (ADA) are on a tear right now, some analysts are also bullish on DTX Exchange (DTX). This newcomer will have ties to many trillion-dollar markets and a smaller market cap. Therefore, DTX may need less money to grow its price over time. Because of this, experts predict a 5x growth potential for this altcoin by 2025.