Cancun upgrade feast begins: Solana fights in the cloud, OP becomes the focus and hot topic!
First published on 2023-12-23 20:30 · Mark talks about trends
In the WEB3 field full of infinite possibilities, exciting plots are being staged every day, making countless audiences excited! Today, the leading role is undoubtedly the grand and long-awaited Cancun upgrade! This year-long postponement finally came to a successful conclusion in early 2024, like a new chapter of the TV series, fascinating. Every audience is like an enthusiastic star chaser, constantly refreshing the page, anxiously hoping that the "coming soon" will become "now playing".
The recent prosperity of the cryptocurrency market is comparable to the price of Solana, which has skyrocketed to $100. This number is like a symbol of noble status in the entire cryptocurrency world. Everyone is ecstatic and talking about Solana. The rapid rise in Solana's price has instantly become a hot topic among people, and has triggered predictions from experts. Some even boldly said that Solana will win the championship next year and surpass Ethereum, which can be called a preview of the Game of Thrones!
On the other side of the battlefield, Arthur Hayes, the founder of the world-renowned exchange BitMEX, was also keen on interacting with the market and simply played the trick of prophecy. He said that he received a divine revelation during meditation, suggesting that he should consider selling SOL and buying ETH instead. His decision was a sensational test, like a boulder thrown into the water, which caused ripples and attracted widespread attention from all walks of life.
However, the above is just the prelude to the play. The real highlights are played on the stage of "Open Platform" (OP). In the era when Bitcoin is the king, Ethereum has always maintained a calm and restrained attitude, like a humble scholar with extraordinary wisdom, until one day it exploded in an amazing way. Recently, OP's performance has risen like a rocket, and every rebound and pullback seems to be announcing: "Look at me! Don't miss it!" Now, huge capital has quietly poured into OP, as if accumulating strength and waiting for the moment of release. Although it is just an appetizer now, ETH and its hidden potential will surely attract much attention in the coming January and February.
The Cancun upgrade is undoubtedly the climax of this drama. This upgrade will directly benefit L2 users, provide lower transaction fees, and bring higher profits to L2 operators, just like distributing gift packages, but the size of the gift package depends on the business strategy of each participant. At present, various technical analysis indicators, such as MACD, have shown buy signals, as if enthusiastically reminding everyone: "Look here! There is a good show waiting for you!" As long as the bulls can continue to work hard to push prices upward, OP may be able to challenge higher prices in the near future. However, if the bears dominate, price fluctuations may be adjusted. As for what fate it will be, it depends on how the market crocodiles will show their fists.
However, we must not forget that no matter how noisy the market is, it is the majority of users and the real market environment that determine all trends. Therefore, merchants, please hold your popcorn tightly and adjust the angle of your glasses, because the wonderful drama of the Cancun upgrade has just begun! Recently, it has been rumored that timbeiko, the soul of the Ethereum community, has officially announced the specific timetable for the Cancun upgrade, which is undoubtedly a sign that Ethereum is about to usher in a new opportunity for reform. This time, it not only covers the upgrade of Ethereum itself, but also released its second-layer solutions, such as Optimism, Lido, Celer Network, Magic and Dusk.
According to the scheduled schedule, Ethereum's test network will be upgraded step by step according to the following timeline: First, the upgrade of the Goerli test network will be launched: January 17, followed by the corresponding upgrades of the Sepolia test network on January 30 and the Holesky test network on February 7. Finally, all the results will be integrated into the upgrade and expansion of the main network.
This large-scale upgrade is not just a simple addition of new features, but a huge and comprehensive innovation project. Ethereum can be said to have demonstrated its unique charm as a vibrant and innovative ecosystem.
Each upgrade is not just a fix for problems with the existing technical level of the service, but a comprehensive update and upgrade of its infrastructure, security, scalability, etc.
It can be said that this is a key milestone for Ethereum to become more mature and stable.
Moreover, this upgrade is expected to inject new impetus and confidence into the development of the Ethereum community, thereby better promoting its continued development. At the same time, many experts and scholars also said that this upgrade may have a far-reaching impact on the entire blockchain field.
Therefore, this is not only a technological innovation, but also a historical change with far-reaching significance. In general, for the vast number of users and merchants who pay attention to the development of blockchain technology, this grand innovation is bound to bring a surprise, let us wait and see!