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šŸŽ‰šŸŽ‰Token2049: Crypto experts highlight Ethereum blockchain problemsšŸŽ‰šŸŽ‰ At the Token2049 conference, blockchain experts debated the Ethereum chainā€™s current problems. Experts from the blockchain industry discussed the latest innovations and development opportunities during a panel discussion at the Token2049 conference in Dubai. The discussion participants also touched upon the Ethereum blockchain, which is considered the dominant smart contract platform. According to the panelists, Ethereum has scalability problems due to low transaction throughput, leading to high gas fees and network congestion. New blockchains are designed to become more scalable by increasing transaction speeds. You might also like: Ethereum Layer 2 networks to hit $1 trillion in 6 years, VanECK predicts Experts recognized developersā€™ interest in developing Ethereum due to its first-mover advantage and brand recognition. However, some argue that many layer 1 alternatives can better serve different use cases than Ethereum in its current form. Raj Gokal, co-founder of Solana, noted that developers and most Ethereum users also have Solana wallets. In addition, he said the growth of transaction volume on Solana exceeded Ethereum indicators. In conclusion, Monadā€™s Keone Hon noted that Ethereum ultimately needs much better performance to reach hundreds of millions of users. Last November, Ethereum Co-Founder Vitalik Buterin announced his intention to redesign the network. Buterin outlined a general strategy that he will use to improve Ethereum (ETH) staking and solve performance problems arising about addresses. The last point has been a serious problem for the network in recent years. You might also like: Glassnode: Restaking brings new yield opportunities for Ethereum community #Token2049 #Megadrop #bitcoinhalving

šŸŽ‰šŸŽ‰Token2049: Crypto experts highlight Ethereum blockchain problemsšŸŽ‰šŸŽ‰

At the Token2049 conference, blockchain experts debated the Ethereum chainā€™s current problems.

Experts from the blockchain industry discussed the latest innovations and development opportunities during a panel discussion at the Token2049 conference in Dubai.

The discussion participants also touched upon the Ethereum blockchain, which is considered the dominant smart contract platform. According to the panelists, Ethereum has scalability problems due to low transaction throughput, leading to high gas fees and network congestion. New blockchains are designed to become more scalable by increasing transaction speeds.

You might also like: Ethereum Layer 2 networks to hit $1 trillion in 6 years, VanECK predicts

Experts recognized developersā€™ interest in developing Ethereum due to its first-mover advantage and brand recognition. However, some argue that many layer 1 alternatives can better serve different use cases than Ethereum in its current form.

Raj Gokal, co-founder of Solana, noted that developers and most Ethereum users also have Solana wallets. In addition, he said the growth of transaction volume on Solana exceeded Ethereum indicators.

In conclusion, Monadā€™s Keone Hon noted that Ethereum ultimately needs much better performance to reach hundreds of millions of users.

Last November, Ethereum Co-Founder Vitalik Buterin announced his intention to redesign the network. Buterin outlined a general strategy that he will use to improve Ethereum (ETH) staking and solve performance problems arising about addresses. The last point has been a serious problem for the network in recent years.

You might also like: Glassnode: Restaking brings new yield opportunities for Ethereum community

#Token2049 #Megadrop #bitcoinhalving

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#AirdropGuide šŸŽˆHow Crypto Airdrops WorkšŸŽˆ šŸŽ‰I share a fully detailed post how crypto airdrops works šŸŽˆ Crypto airdrops are promotional events where a cryptocurrency project distributes a specific amount of its tokens or coins to a targeted audience for free. The primary goal is to generate buzz, build a community, and increase adoption. Here's how they typically work: 1. Eligibility: Airdrops often target specific groups, such as: - HOLDERS: Existing holders of a particular cryptocurrency. - FOLLOWERS: Social media followers of the project. - USERS: Active users of a specific platform or service. 2. Registration: Interested participants register for the airdrop by providing their cryptocurrency wallet address and other required information. 3. Token distribution: The project distributes a predetermined amount of tokens to eligible participants, usually via a smart contract. 4. Conditions: Some airdrops may require participants to complete specific tasks, such as: - Following social media accounts. - Sharing posts or content. - Completing surveys or quizzes. - Referring friends. 5. Token utility: Airdropped tokens can be used for various purposes, such as: - Trading on cryptocurrency exchanges. - Participating in the project's ecosystem (e.g., staking, governance). - Accessing exclusive services or features. Airdrops can benefit both the project and participants: - Projects gain exposure, build a community, and stimulate engagement. - Participants receive free tokens, potentially valuable, and get introduced to new projects. However, be cautious of scams and always research the project thoroughly before participating in an airdrop.
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PEPE Reports Over 50% Gain in 30 Days: Whatā€™s Next? PEPE has shown impressive price growth, increasing by 6.47% in the last 24 hours and by 51.28% over the past 30 days. Trading volume for PEPE surged by 20.78% to $1.65 billion, driven significantly by activity on OKX and Bitget exchanges. Open interest in PEPE rose by 4.06% to $140.63 million, indicating heightened market speculation and participation. PEPEā€™s current trading price stands at $0.00001314, showing a notable 6.47% increase over the past day alone. This uptrend is part of a broader bullish trend for PEPE, with its price skyrocketing by 51.28% over the past 30 days, highlighting its strong performance in the market. In addition to its price gains, PEPE has defied the overall market trend which has been largely bearish. Despite downward pressure attributed to factors such as the upcoming Consumer Price Index (CPI) report and Federal Reserve meetings, PEPE has continued to attract attention and investment. This resilience is underscored by a surge in trading volume, which has risen by 20.78% to reach $1.65 billion within 24 hours. Major exchanges like OKX and Bitget have notably contributed to this trading volume, further emphasizing PEPEā€™s current market momentum. Moreover, open interest in PEPE has also experienced an increase of 4.06%, now totaling $140.63 million. Open interest serves as an indicator of market speculation and participation, suggesting growing confidence and activity surrounding the meme coin. Analysts attribute PEPEā€™s recent rally to heightened speculative trading, increased community engagement, and strategic investments made in anticipation of future market movements. With the current bullish sentiment surrounding PEPE, there is optimism that its upward trajectory could continue, particularly if the broader market stabilizes following key economic reports and meetings ahead. #Write2Earn! #TopCoinsJune2024 #pepe
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ChatGPT-4o predicts Bitcoin price as U.S. CPI inflation cools Bitcoin (BTC) gained $1,500 in seconds as the May print of the Consumer Price Index (CPI) showed inflation cooling faster than expected. The most awaited U.S. Consumer Price Index (CPI) data today revealed that inflation remained unchanged at 0.3% in May, surpassing market estimates. Notably, market watchers were eagerly anticipating this crucial inflation data for insights into the current economic health and the potential stance of the U.S. Federal Reserve with their policy rate plans. The cooling inflation figures have significantly boosted market sentiment, causing Bitcoin and other altcoins to surge. Following the CPI data release, Bitcoin surged 3.60%, reaching $69,411.30. Altcoins like Ethereum (ETH) and Solana (SOL) also saw substantial gains, rising nearly 3% and 4%, respectively. This positive market reaction underscores the critical role of inflation data in shaping investor expectations and market dynamics. ChatGPT-4o Bitcoin price prediction With the upcoming Federal Open Market Committee (FOMC) meeting, traders and investors are keenly focused on potential interest rate decisions. In this context, Finbold provided technical analysis and market projections to ChatGPT-4o for a one-month BTC price prediction. This period is chosen to capture the immediate aftermath of the FOMC meeting and the typical short-term market response to significant economic events. Considering the cooling CPI data and its impact on market sentiment, ChatGPT-4o forecasts a favorable environment for Bitcoin. If the FOMC maintains the current rates, Bitcoin is likely to trade between $70,000 and $73,000. However, in the less likely scenario of a rate cut, Bitcoin could see more pronounced gains, trading between $73,000 and $75,000 #BTCFOMCWatch #CPIAlert #TopCoinsJune2024
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XRP Will Hit $250 In This Market Cycle Steingraber mentioned in an X (formerly Twitter)Ā postĀ that XRP will reach $250 by 2025, which he believes will represent theĀ market topĀ for the crypto token inĀ this bull run. He made this prediction while stating that Bitcoin and Ethereum will hit $250,000 and $25,000 in 2025, which will also be their market top. #EarnFreeCrypto2024 Steingraber hasĀ previously providedĀ several reasons why he is so bullish on XRP and believes the crypto token could attain such heights. He once alluded to a potential XRP ETF as one factor that could trigger significant price surges for XRP. He explained that an XRP ETF would give the crypto token an added utility as fund issuers for theĀ XRP ETFsĀ will direct their assets into an institutional liquidity hub. #IOprediction He believes anĀ XRP ETFĀ will drive more demand for the crypto token, ultimately driving up its price when a supply shock occurs. Steingraber also believes that theĀ Securities and Exchange Commissionā€™s (SEC)Ā lawsuit against Ripple is one of the factors suppressing XRPā€™s price up until now. #Binance200M He had earlier claimed that XRPā€™s price wasnā€™t going up because new money wasnā€™t flowing into its ecosystem and affirmed that the crypto token would likely see an influx of new money once theĀ SECā€™s case against RippleĀ is over. Steingraber isnā€™t the only one who believes that XRPā€™s price could skyrocket and climb to three figures once the lawsuit ends. #bitcoin Crypto analyst JackTheRipplerĀ alsoĀ predictedĀ that XRP would rise above $100 once the case ends. The analyst even gave a more bullish prediction than Steingraberā€™s, stating that XRP hitting $10,000 was achievable after the lawsuit. Crypto analyst CryptoBull alsoĀ predictedĀ that XRP could reach three figures, rallying 28,900% to $154. #TopCoinsJune2024
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Here's when XRP will hit $5, according to ChatGPT-4oHere's when XRP will hit $5, according to ChatGPT-4o Catalyst behind XRPā€™s push to $5 ChatGPT-4o acknowledged that historically, XRP reached its peak of approximately $3.84 in January 2018 but has since experienced notable volatility without revisiting such highs. Regulatory developments, particularly the outcome of the Securities Exchange Commission (SEC) lawsuit against Ripple Labs, significantly influence XRPā€™s price. ChatGPT-4o noted that a favorable resolution could instill confidence among investors and drive the price upward. Furthermore, increased adoption of Rippleā€™s technology by financial institutions and broader utilization of XRP as a bridge currency could positively impact its price. Market trends, often influenced by Bitcoinā€™s performance, play a pivotal role in shaping the trajectory of altcoins like XRP. When will XRP hit $5? Assuming favorable regulatory outcomes, heightened adoption rates, and a bullish market trend, ChatGPT-4o suggested that XRP could potentially achieve the $5 mark during the next major bull run, which historically occurs every three to four years. Considering these factors and the current market landscape, it appears plausible to anticipate XRP hitting $5 around the year 2025 or 2026, provided favorable conditions XRP price analysis At the time of reporting, XRP was trading at $0.50, showing signs of recovery from the flash crash experienced on June 7. Over the past 24 hours, XRP has seen nearly a 1% increase, while on the weekly chart, the token has declined by almost 4%In the meantime, for XRP to reach $5, the token needs to reclaim $1, as any #TopCoinsJune2024 #BnbAth #Binance200M
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