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Crypto De Nostradame
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Ripple CEO Made a Bold Prediction for 2024. The claim that the cryptocurrency market will be 5 trillion dollars The total value of the cryptocurrency market is currently around 2.58 trillion dollars. Garlinghouse claimed that the total value would climb up to 5 trillion dollars in the rest of the year. This means that the total value of cryptocurrencies will double in the next 8 months. What factors did Garlinghouse support his claim? Ripple CEO attributed the claim that the total value will double this year to two main factors. Claiming that macroeconomic factors will continue to support the trend towards the crypto sector, Garlinghouse also thinks that new institutional investors will continue to enter the sector through ETFs. However, it is thought that Bitcoin halving will also contribute to the rise. Brad Garlinghouse said that they have been in the industry for a long time and similar trends have come and gone before. Emphasizing that there are some differences between past periods and the current period, Garlinghouse emphasized that crypto-backed ETFs have started to attract real institutional investors for the first time. This year, when the daily supply of BTC will begin to decrease with the halving, the positive effect of the increase in demand for Bitcoin through ETFs is emphasized. Looking at March data, it is seen that Bitcoin miners produced approximately 28,500 BTC, while over 66 thousand BTC were purchased through spot Bitcoin ETFs. Ripple CEO added that there is no need to be an economist to tell what will happen when demand increases while supply shrinks. As a result, Brad Garlinghouse claims that the crypto market could easily double in value given new trends. Garlinghouse is hopeful for 2024 Claiming that 2024 will be a big year earlier this year, Ripple CEO gave positive signals in XRP. The XRP community welcomed Garlinghouse's words as he said this was the first time he had made such a clear bullish claim. Ripple's recent launch of important projects has the community excited about the future of XRP. $BTC $XRP

Ripple CEO Made a Bold Prediction for 2024.

The claim that the cryptocurrency market will be 5 trillion dollars

The total value of the cryptocurrency market is currently around 2.58 trillion dollars. Garlinghouse claimed that the total value would climb up to 5 trillion dollars in the rest of the year. This means that the total value of cryptocurrencies will double in the next 8 months.

What factors did Garlinghouse support his claim?

Ripple CEO attributed the claim that the total value will double this year to two main factors. Claiming that macroeconomic factors will continue to support the trend towards the crypto sector, Garlinghouse also thinks that new institutional investors will continue to enter the sector through ETFs. However, it is thought that Bitcoin halving will also contribute to the rise.

Brad Garlinghouse said that they have been in the industry for a long time and similar trends have come and gone before. Emphasizing that there are some differences between past periods and the current period, Garlinghouse emphasized that crypto-backed ETFs have started to attract real institutional investors for the first time. This year, when the daily supply of BTC will begin to decrease with the halving, the positive effect of the increase in demand for Bitcoin through ETFs is emphasized.

Looking at March data, it is seen that Bitcoin miners produced approximately 28,500 BTC, while over 66 thousand BTC were purchased through spot Bitcoin ETFs. Ripple CEO added that there is no need to be an economist to tell what will happen when demand increases while supply shrinks. As a result, Brad Garlinghouse claims that the crypto market could easily double in value given new trends.

Garlinghouse is hopeful for 2024

Claiming that 2024 will be a big year earlier this year, Ripple CEO gave positive signals in XRP.

The XRP community welcomed Garlinghouse's words as he said this was the first time he had made such a clear bullish claim. Ripple's recent launch of important projects has the community excited about the future of XRP.

$BTC $XRP

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Vitalik Buterin Made His Move for Ethereum! Everything Can Change! In his latest article published on his personal blog, Buterin introduced the concept of 'Multidimensional Gas Pricing', which aims to transform the management of network resources as an improvement proposal to solve the fundamental problems facing the Ethereum network. In his latest improvement proposal, Buterin believes that by pricing different resources separately, the efficiency and scalability of the Ethereum network can be increased and the groundwork can be prepared for a stronger and more sustainable network infrastructure. Currently, Ethereum offers a simplified approach to resource pricing by combining all resources into a single gas size, but Buterin emphasized that this needs to be changed, noting the inefficiencies inherent in this method that lead to significant efficiency losses. To solve this problem, Ethereum's co-founder introduced EIP-4844, a groundbreaking improvement proposal that will bring multidimensional gas pricing to the network for the first time. This improvement proposal calls for the addition of a new blob data space to the #Ethereum network, which reduces aggregation costs and increases transaction throughput. Buterin also pointed out the problems caused by increasing the size of the data space and suggested introducing separate gas sizes for operations that increase the size. However, he acknowledged the complexities surrounding gas fee limits on subcalls, emphasizing the need for careful implementation of multi-dimensional pricing. Buterin added that despite the potential advantages of multidimensional gas application, its implementation brings with it various complexities and problems. He underlined the importance of striking a nuanced balance between scalability gains and protocol economics. While Ethereum's co-founder acknowledged the possibility of more elegant solutions in the future, he added that improvement proposals need further research and refinement.
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📢 Breaking News 🔸️Mastercard, JPMorgan, Visa, Wells Fargo and leading US banks have begun testing common ledger technology for tokenized asset payments. 🔸️#Binance , yeni Launchpool projesi olarak Notcoin $NOT eklediğini duyurdu. 🔸️#Tether ve #Bitnob , Ganalı üniversite öğrencilerine Bitcoin ve stablecoinler hakkında eğitim vermek için iş birliği yapacak. 🔸️🇯🇵Chiliz (#CHZ ) announced its partnership with SBI Digital Asset Holdings. 🔸️🇺🇸Donald Trump announced that he is accepting presidential campaign donations in cryptocurrency. “If we are going to support the crypto space, we have to make sure they stay in the US first.” $BTC $CHZ
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Today in cryptocurrencies: Which developments attracted attention? Binance responded to #DWF Labs' allegations of market manipulation. Allegations of market manipulation by DWF Labs have come to the fore again. In light of a news article published in The Wall Street Journal, an unidentified source claiming to be a former Binance employee claimed that Binance investigators found $300 million worth of wash trading from DWF throughout 2023. Binance denied these claims. Speaking to Cointelegraph, a Binance spokesperson said: “Binance unequivocally denies allegations that its market surveillance program allows market manipulation on our platform. We have a robust market surveillance framework that detects and acts against market abuse. Users who violate our terms of use will be removed from the platform; “We do not tolerate market abuse.” According to a WSJ report, DWF Labs manipulated the Yield Guild Game (YGG) and the prices of at least six cryptocurrencies in 2023. But Binance said its surveillance program makes this impossible. Former United States President Donald Trump hosted a group of non-fungible token (NFT) enthusiasts at his home in Florida on Wednesday. Making statements about the crypto industry, the politician said: “Gensler is very against it. "The Democrats are very much against it, but that's fine with me, I want to make sure it's good and solid and everything else." Trump also noted that Mugshot NFTs and other collectibles have made NFTs “trending again” at a time when the #NFT market is seemingly losing steam. Trump also talked about his rival Joe Biden's memecoin called BODEN. The US presidential candidate is not a big fan of BODEN, which has a market value of over $260 million. $BTC $ETH $BNB
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Resistance Level in Dogecoin (DOGE): Transaction Volume is Dropping! A recent analysis report stated that the majority of #Dogecoin holders are still in profit. The pullback in recent weeks has been deep, undoing all the gains made in the second half of March. However, the selling pressure of these holders is not as heavy as feared. The cryptocurrency has been negative since April when its price dropped below $0.2, turning the level into resistance. There were increases in social dominance, but social volume did not change much. In this case, it does not indicate bullishness, but it does show that Dogecoin's words on social media are at least consistent. Looking at on-chain metrics, we see that daily active addresses are down significantly from February highs. It has been consistently low for the last six weeks. This was a sign that the addresses were not included in the transactions, indicating that demand was decreasing. Trading volume was relatively consistent in the first half of April. Since then, there has been a dramatic decline towards the end of the month. It has shown some recovery over the last ten days, which was encouraging but not bullish for the token. Dormant circulation saw a huge increase on April 26. It was stated that a large amount of tokens were transferred, probably for sale. The metric has remained silent since the stated time, signaling that selling pressure has diminished. The delta for total liquidation levels was highly negative. This showed that short liquidations significantly outweighed long liquidations. In turn, we can expect prices to rise further to eliminate the mentioned liquidations. This could come after the nearest pockets of liquidity at $0.147 and $0.144 are removed. For the stated reason, this might want to see a move towards the $0.144 liquidity cluster followed by a short-term rise towards $0.155-$0.16. $BTC $ETH $BNB
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Solana's threat to Ethereum: Things may turn around! The #Solana network is on track to surpass #Ethereum in terms of transaction fees; This is a critical development as Solana is seen as the "Ethereum killer". The Solana network is on track to surpass Ethereum in terms of transaction fees; This is a critical development as Solana is seen as the “Ethereum killer”. According to Blockworks' senior research analyst Dan ​​Smith, Solana could reverse Ethereum's transaction fees starting this week: "SOL will flip ETH in transaction fees + captured MEV this month, maybe even this week." Captured MEV or Maximum Extractable Value mostly refers to profits made through arbitrage in protocols. MEV measures the maximum amount of value that can be extracted from a blockchain by a user or group of users. According to Smith's X post, Solana's $2.8 million total economic value was close to Ethereum's $3.1 million total economic value on May 7: Defining “total economic value” (give me better names) as total transaction fees + captured MEV returned to validators. Yesterday Ethereum: $3,165,772, Solana: $2,803,313.” However, Solana's daily transaction fees are still far from those of Ethereum. According to DefiLlama data, Ethereum generated over $2.75 million in fees in the last 24 hours, while Solana's was $1.49 million. Looking at the total value locked (TVL), Solana's $3.94 billion TVL is still a small fraction, or about 7.4 percent of the Ethereum network's over $53 billion TVL. Solana launched on mainnet in March 2020, with 50,000 transactions per second (TPS), promising to improve Ethereum's lack of scalability and inefficiencies, which has been dubbed the "Ethereum killer". Unlike Ethereum's modular approach to scalability via layer-2 (L2) scaling solutions, Solana's monolithic approach aims to create scalability and low fees as an independent blockchain network. $BTC $ETH
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