Category Archives: Smart Contracts
Smart Contracts Go Live on Stellar, Kicking Off a "New Era" for the Network – Cryptonews
Last updated: February 21, 2024 01:24 EST | 1 min read
The Stellar Development Foundation (SDF) has announced the successful deployment of smart contracts on the network, a development they believe will revolutionize their tech stack.
In a Tuesday blog post, the SDF revealed that the Stellar (XLM) network validators had successfully implemented the Protocol 20 upgrade, enabling the activation of smart contracts and initiating the phased rollout of their smart contract platform, Soroban.
Stellar network validators voted to upgrade Mainnet to Protocol 20, kicking off a new era for the Stellar smart contracts tech stack, which delivers a secure, batteries-included developer experience built to scale and for real-world use, the announcement read.
The introduction of smart contracts on Stellar aims to enhance the developer experience, particularly for those utilizing the Rust and WebAssembly (WASM) programming languages.
The move is expected to provide a more user-friendly environment for developers.
Soroban, the smart contract platform initially deployed to the Stellar testnet in October 2022, incorporates scalability features such as predictable fees and independent resource pricing.
The SDF emphasized that this new smart contract ecosystem would empower the creation of decentralized applications (DApps), enabling developers to build innovative protocols and applications on the Stellar network.
The deployment of smart contracts on the mainnet was delayed in January due to a bugfound in Stellar Core.
Although the SDF assured that the bug posed minimal risk, they wanted to address it before rolling out the smart contract platform to ensure the stability and security of applications built on it.
To encourage developers to embrace the Soroban smart contract platform, the SDF initiated a $100 million funding initiative in October 2022.
Over the past two years, the SDF, in collaboration with the Stellar community, has been working on developing smart contract functionality.
However, despite the recent developments, Stellars native token XLM did not witness a significant price surge.
Over the past 24 hours, XLM has experienced a 1% decline, currently valued at $0.116.
XLM has struggled to keep pace with the broader crypto market rally in 2024, remaining 87% below its all-time high of $0.875, reached in January 2018.
The cryptocurrency is among the oldest and most established blockchain projects, having been founded in 2014 by Jed McCaleb.
Before Stellar, McCaleb founded Bitcoin exchange Mt. Gox and was the co-creator of Ripple.
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Smart Contracts Go Live on Stellar, Kicking Off a "New Era" for the Network - Cryptonews
Stacks (STX) price outperforms the market as interest in layer-2 Bitcoin grows – TradingView
STX, the native token of the Bitcoin-focused Stacks layer 1 smart contract platform, is making waves in the crypto market after posting a 400% rally since October 2023.
STX trading volume has jumped a staggering 2,600% over the same period to $437.6 million on Feb. 22. STXs performance surpasses Bitcoins BTCUSD 90% increase since Oct. 15,2023, and according to Messari, STX outperformed Bitcoin in 2023 with a 600% increase year-on-year.
State of @Stacks Q4
Key Update:
Stacks emerged as the leading Bitcoin layer, and may solidify this role with the upcoming Nakamoto upgrade and sBTC.
QoQ Metrics
- STX 199%
- Stacks revenue 3,386%
- TVL 363%
Read the report for free https://t.co/MBzi8sLg9t pic.twitter.com/zbLPvDkyrV
This year has seen a growing interest in Bitcoin layer-2 projects not only because of spot Bitcoin ETFs, which now have more than $10 billion in assets under management (AuM), but also because of their focus on Bitcoin Ordinals, which already have a $2.5 billion market cap.
Stacks focuses on Bitcoin layer 2 smart contracts
Stacks is a layer 2 network for Bitcoin designed to support the core decentralized finance (DeFi) features similar to those found within other layer 1 ecosystems such as the Ethereum network and Solana.
Stacks allows users to issue custom cryptocurrencies similar to Ethereums ERC-20 tokens and stablecoins, wrapped Bitcoin, and nonfungible tokens. Stacks also supports a decentralized exchange (DEX) and a liquid staking protocol (LSP).
The growing interest in Bitcoin layer 2s is hinged on their role of strengthening the networks value proposition (and currency) by enabling it to process more transactions.
Increasing network activity on the Bitcoin network is usually credited to the popularity of the BRC-20 token standard and Ordinals inscriptions.
STX price rallies as an upcoming Network update approaches
The STX price rally comes as the community prepares for the upcoming update known as the Nakamoto Release, which is expected to take place before the Bitcoin halving in April.
The upgrade is expected to speed up transactions and introduce a new Bitcoin-pegged token (sBTC), among other improvements. sBTC will be used by Bitcoin holders who want to participate in smart contracts and developers who want to build applications on Bitcoin.
All these developments have increased user interest in Stacks. Data from crypto analytics firm Artemis shows that the number of daily active addresses on Stacks has increased from 961 to over 4,000 over the last 90 days. Similarly, daily transactions have jumped from around 8,340 to 33,000 over the same period.
Another metric used to measure the interest of users in and how much they trust a blockchain network is the total value locked (TVL) on the platform. According to data from DefiLlama, Stacks TVL has increased by 830% from $12.35 million on Oct. 15,2023, to $114.87 million on Feb. 22.
The surge in TVL indicates a significant capital infusion into the Stacks DeFi ecosystem, underscoring investor confidence and active participation in DApps.
Bitcoins uptrend drives a rally in STX
Excitement about spot Bitcoin ETFs in late 2023 and the eventual approval by the U.S. Securities and Exchange Commission in January 2023 saw BTC price rise to a two-year high of $49,000. Similarly, STX rose to hit $2.06, the best price in nearly two years.
Recently, increasing Bitcoin ETF inflows have been driving a strong rally in the BTC price as it rose as high as $53,000 on Feb. 20. STX, again, followed in Bitcoins footsteps, gaining 85% in the last 30 days to hit a new high at $2.90.
With traders expecting Bitcoin price to continue rising in 2024 and the layer 2 Bitcoin development gaining traction, Stacks may further establish itself as one of the dominant projects in the layer 2 Bitcoin sector.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Stacks (STX) price outperforms the market as interest in layer-2 Bitcoin grows - TradingView
Smart Contracts: the future of efficient and transparent business interactions – NL Times
With the rise of blockchain-technologies, the world has discovered new possibilities regarding smart contracts. These automatic and automated and decentralized contracts have the potential to transform the way we manage business transactions and agreements.
In this article Coinmerce helps you explain what a smart contract is, how it works and other practical applications within various sectors. Whether you are an entrepreneur, a consumer or simply interested in technological developments, this information will help you understand the concept and potential of smart contracts.
A smart contract is an automated and decentralized contract based on blockchain-technology. It uses programming code to establish conditions and rules, after which the contract is executed autonomously without any human intervention.
Smart contracts operate on blockchain-technology, and the conditions and rules of the contract are established in programming code. When the conditions are met, the contract is executed automatically, where the parties involved rely on the cryptographic security of the blockchain to ensure the integrity of the process.
Financial transactions: smart contracts can change the financial landscape by making safer and direct financial transactions possible. They offer the possibility to bypass traditional financial intermediaries and create trust in the financial system.
An example of an application of smart contracts in financial transactions is peer-to-peer (P2P) loans. Instead of being dependent on a traditional bank, individuals can take out loans directly with each other through a smart contract. The conditions of the loan are set in the programming code and when all conditions are met, the loan amount is automatically transferred to the borrower.
Another example is automatic payments. With smart contracts payments can be performed automatically when certain conditions are met. For example, when leasing a car, the owner can be paid each month automatically as long as the renter meets the payment commitment. This minimizes the risk of non-payment and saves time and administrative costs.
Supply chain management: smart contracts can improve the efficiency and transparency of the supply chain management. Traditional supply chains are often complex and may involve trust issues and delays regarding payment processing.
An application of smart contracts within the supply chain management is improving the ability to trace products. With the help of blockchain-technology every step in the supply chain can be documented and verified. This creates trust and transparency for companies and consumers. For example, when tracing food products, smart contracts can give timely mentions in case of food safety issues.
Another example of smart contracts in supply chain management is the automatization of payments to suppliers. Smart contracts can establish payment terms and automatically make payments once the conditions are met. This minimizes delays and promotes timely and fair payments to suppliers.
Real estate transactions: smart contracts can simplify and speed up the process of real estate transactions. Traditional real estate transactions can be complicated and require lengthy negotiations between intermediaries, such as notaries.
An example of an application of smart contracts in real estate transactions is the automatic transfer of property rights. Once all contractual conditions have been fulfilled, a smart contract can make sure that the property rights are transferred automatically without the need of a notary or intermediary. This minimizes the chance of human errors or fraud.
Another example is the decentralization of rental agreements. Smart contract allows tenants and landlords to negotiate their leases directly with each other via the blockchain. Rent payments can be done automatically and contractual obligations can be established and enforced with the help of the programming code of the smart contract. This simplifies the rental process and eliminates the need of intermediaries.
Insurance claims: with smart contracts, handling insurance claims can be done more efficiently and more transparent. Smart contracts can ensure accurate compliance with policy terms and promote smooth payments on claims
An example of an application of smart contracts in insurance claims is the automatic handling of car insurance claims. When a claim is filed, the smart contract can verify the relevance of the claim based on fixed conditions. When the conditions are met, the smart contract can automatically make the correct payment and handle the claim without the intervention of an insurance company.
Another example is automatically reporting insurance claims. Smart contracts allow policyholders to report claims directly on the blockchain, and the smart contract can then verify the claim and initiate the claim procedure. This minimizes the administrative hassle and speeds up the payment process.
Voting and elections: smart contracts can improve the trustworthiness and transparency of the voting process and elections. Traditional elections can face challenges, such as counting the votes, preventing fraud and verifying the validity of the votes.
Another application of smart contracts within the voting process and elections is guaranteeing the integrity of the voting data. With the help of the blockchain the votes can be accurately and immutably recorded. This minimizes the chance of fraudulent activities, such as manipulating the voting results,
Another example of the application of smart contracts in elections is making it possible to vote online. With smart contracts voters can vote electronically through a safe and verifiable digital identity. This can increase the accessibility of the elections and simplify counting the votes.
Notarial services: smart contracts can simplify or complement the role of traditional notaries with certain transactions. Notaries are often involved in preparing and verifying legal documents, such as marriage certificates, wills and property transfers. With smart contracts these documents can be established safely and accurately on the blockchain, which decreases the need of a physical notary. This can save costs and increase efficiency, while the integrity of the document is preserved.
Intellectual property rights and royalties: smart contracts can simplify the management of intellectual property rights and the distribution of royalties and make it more transparent. For artists, musicians and authors, smart contracts can provide for automatic payments and distribution of royalties based on agreements established in advance. This minimizes the risk of non-payments or conflicts and ensures that rights holders are fairly compensated for their creative works.
Inheritance planning: smart contracts can also be used for inheritance planning. When drafting a will, conditions and instructions can be encoded in a smart contract. This can ensure that the inheritance is divided in a correct way and that the specific conditions of the testator are met. Smart contracts can help make sure that the inheritance is executed without any conflicts and that taxes and legal complications are minimized.
Insurance policies: smart contracts can also be applied in the insurance sector. When an insurance contract is made, the conditions can be recorded in a smart contract. This can help with automating premium payments and handling damage claims. Insurance companies can automate payments when a damage claim is verified. This speeds up the settlement of claims and decreases fraud.
Management of IoT-devices: Smart contracts allow Internet of Things (IoT) devices to autonomously interact and execute transactions using blockchain technology. Smart contracts can, for example, be used to optimize the use of energy by having IoT-devices communicate and make smart decisions based on pre-programmed rules. This can lead to a more efficient use of energy and cost savings in smart houses and cities.
In addition to the broad applications of smart contracts, it is also important to note that there are cryptocurrencies specifically designed to enable smart contracts. A well-known example is Ethereum, which supports a programming language with the name Solidity to write complex smart contracts and execute them on their blockchain. Ethereum paved the way for a set of decentralized applications, known as DApps (Decentralized Applications), which provide trust, transparency and autonomy in different sectors.
These DApps use smart contracts to offer different features, including financial services, decentralized exchanges, gaming-platforms and more. Other cryptocurrencies, such as NEO and Cardano, offer support for smart contracts, and this is an up and coming area in which new developments are constantly taking place. These cryptoprojects show the power and potential of smart contracts in a wider context of the crypto-industry and their role in creating decentralized and efficient ecosystems.
Smart contracts have the potential to change business interactions through efficiency, transparency and automation. They offer the possibility to streamline processes, increase trust and decrease the dependency on traditional intermediaries. Whether it is about financial transactions, supply chain management, real estate transactions, insurance claims and a safe corporate world.
However, it is always wise to do independent research before getting involved in smart contract implementations or investments. Even though smart contracts offer many benefits, it is important to take the legal, ethical and technical aspects into account. By understanding the potential of smart contracts and staying informed about the development of this technology, you can maximize its potential.
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Smart Contracts: the future of efficient and transparent business interactions - NL Times
Chainlink Bulls Brace For Explosive Growth Following $216 Million Whale Accumulation – TradingView
Chainlink (LINK), the oracle network powering smart contracts across the crypto landscape, is making waves with a recent surge in whale activity. Data reveals $216 million worth of LINK tokens withdrawn from the Binance exchange by a staggering 83 separate wallets, sending the token price on a parabolic trajectory.
Whales On A Feeding Frenzy
On-chain analytics platform Lookonchain paints a fascinating picture of the ongoing accumulation binge. Their findings suggest a coordinated effort, with distinct wallets withdrawing massive amounts of LINK. While the possibility of a single entity pulling the strings remains unconfirmed, the sheer volume of tokens amassed hints at a major shift in institutional participation within the Chainlink ecosystem.
This coordinated accumulation, especially the withdrawal of such a significant sum from a major exchange like Binance, raises intriguing questions, some analysts say. It could reflect growing institutional confidence in Chainlinks long-term potential, particularly with initiatives like the Cross-Chain Interoperability Protocol (CCIP) expanding its reach.
Adding fuel to the fire, IntoTheBlock data reveals an additional $129 million stacked up by whales over the past 24 hours alone. This relentless buying pressure has translated directly to price action, with LINK experiencing a meteoric rise of 6% in the past week and a staggering 20% in the past month.
Chainlink Fundamentals Shine
While whale activity often grabs headlines, Chainlinks underlying fundamentals paint an equally compelling picture. As the leading oracle provider in the Web3 space, Chainlink acts as a bridge between smart contracts and real-world data, enabling them to access secure and reliable information off-chain. This critical role fuels countless DeFi projects, positioning Chainlink as a cornerstone of the burgeoning decentralized finance landscape.
Moreover, Chainlink boasts a relentless development team, consistently rolling out new features and upgrades. Notably, the recent introduction of CCIP further enhances the networks cross-chain compatibility, opening doors to a wider range of smart contract applications. This unwavering commitment to innovation further strengthens the investor case for Chainlink.Parabolic Dreams: Will LINK Take Flight?
With bullish sentiment surging and whales circling, the question on everyones lips is: can LINK sustain its upward trajectory? While predicting the future of any crypto asset remains a perilous endeavor, analysts are cautiously optimistic. The confluence of strong fundamentals, whale accumulation, and a growing user base creates a fertile ground for further price appreciation.
Analysts said the ongoing accumulation by whales, coupled with Chainlinks solid fundamentals, suggests a potential parabolic run. However, caution is warranted. The crypto market remains volatile, and profit-taking could trigger corrections. Nevertheless, LINKs long-term prospects appear bright, making it an asset worth watching closely.
Whether LINKs price soars to parabolic heights or faces turbulence in the near future, one thing remains clear: the recent whale activity and unwavering developer commitment have thrust Chainlink back into the spotlight, solidifying its position as a key player in the ever-evolving blockchain landscape.
Featured image from Adobe Stock, chart from TradingView
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Chainlink Bulls Brace For Explosive Growth Following $216 Million Whale Accumulation - TradingView
Users Can Now Deploy Smart Contracts on XRP Ledger Through this Ripple Partnership – The Crypto Basic
Ripple has partnered with EasyA to introduce educational content aimed at helping individuals learn how to deploy smart contracts on the XRP Ledger (XRPL).
While the XRPL boasts several benefits that set it apart from other blockchains, the network does not support smart contracts, a feature intentionally sidelined during its development a decade ago to address potential security issues.
The XRPL now awaits the launch of Hooks, which will bring smart contract functionalities to the network. However, the Hooks protocol is currently delayed. At the moment, Ripple has partnered with Peersyst Technology to develop an EVM sidechain for the XRPL.
This EVM sidechain will help developers deploy XRPL smart contracts that are compatible with Ethereum but are not particularly native to the XRPL, as expected with Hooks.
It bears mentioning that XRPL Labs, the company behind the Xumm wallet, has already launched a sidechain with Hooks functionality called Xahau. The Ripple CTO Schwartz said Xahau is a good way to test Hooks before implementation on the XRPL.
Notably, the development of the EVM sidechain has reached the advanced stage, with the mainnet launch just around the corner. The latest update from Peersyst Technology revealed that work on the XChainBridge was close to finalization.
As the anticipation builds, Ripple recently partnered with Web3 educational resource EasyA to help individuals learn about the XRPL and how to deploy smart contracts on the network through the EVM sidechain with nothing but their smartphones.
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EasyA has launched a learning module on this, comprising six challenges. The course, which spans Jan. 29 through July 31, begins with the history of the XRPL and ends with lessons on building an XRPL dApp and creating the front end of the application. The challenge is already open as of press time.
The collaboration between Ripple and EasyA, recently spotlighted by XRP community influencer Eri, holds significant importance for both the ecosystem and individuals aiming to implement dApps on the XRPL, providing a valuable starting point.
EasyA boasts a developer base encompassing over 750,000 individuals, featuring content for multiple blockchain networks like Solana, VeChain, Sui, and Polkadot. The XRPL learning course, tagged 60 Days of XRPL, will introduce the XRPL to this network of developers and others.
EasyA reports that its developers have secured funding from prominent venture capital firms, including Andreessen Horowitz (a16z). Notably, the developer pool comprises founders of noteworthy startups and individuals associated with esteemed universities and leading companies.
EasyA has also announced plans to extend invitations to outstanding developers from the 60 Days of XRPL challenge to a hackathon scheduled for April 2024 in London.
During this event, participants can pitch their startup ideas, vying for a chance to secure a $25,000 prize. Additionally, EasyA pledges to provide access to funding, grant opportunities, and mentorship for the most promising innovators.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Stellar foundation urges delay of Protocol 20 upgrade after bug discovery – Cointelegraph
The Stellar Development Foundation (SDF) smart contract upgrade on the Stellar blockchain is delayed until the end of January after its team found a bug in Stellar Core v20.1.0.
Weve decided to disarm our validators in support of postponing the Protocol 20 vote on Jan. 30 until after a bug fix, the SDF explained in a Jan. 27 blog post.
The foundation said the bug, which it found on Jan. 25, posed little risk but said it could potentially impact various applications. The SDF noted that a fix is already in the works, which should be available within two weeks.
However, the SDF stressed that it alone can decide whether or not to upgrade the network as it stands, as non-SDF validators on Stellar may still choose to vote in favor of the Protocol 20 upgrade on Jan. 30.
No matter the outcome, the SDF will continue to work to resolve the bug, and to engage in discussions with other validators in both public and private channels, the SDF added.
SDF said a quorum is required by voting validators for the Protocol 20 upgrade to pass. There are 43 validator nodes as of December 2023, according to Stellarbeat.io.
Related: Stellar, PwC publish framework to judge emerging market blockchain projects
The bug occurs when a Soroban transaction request is made but results in a refund and is fee-bumped. Under the current code, the refund isnt sent to the fee-bumps source account as it should, the SDF explained in a Jan. 25 GitHub post.
Soroban is a smart contract platform that went live on a Stellar testnet in October 2022.
The SDF also launched a $100 million fund to attract developers to the platform in the same month.
One of Stellars core developers, Tyler van der Hoeven,noted in a Jan. 26 X post that Protocol 20 will be a phased rollout but didnt state how long it would take for a full implementation of Soroban smart contracts on Stellar.
Stellar is one of the oldest blockchain projects mainly focused on payments and asset tokenization. Stellar (XLM),the token powering the Stellar blockchain, currently boasts a market cap of $3.2 billion.
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Stellar foundation urges delay of Protocol 20 upgrade after bug discovery - Cointelegraph
Solidity vs. Leo: An In-Depth Comparison in the Evolving World of Blockchain Smart Contracts – Medium
Introduction:
As blockchain technology rapidly advances, it has given birth to various programming languages tailored for smart contract development. Solidity has long been synonymous with Ethereum smart contracts, while Leo, emerging on the Aleo platform, positions itself as a formidable contender. This comprehensive exploration delves into the fundamental principles, advantages, and key differences between Solidity and Leo, shedding light on their roles in the ever-changing sphere of blockchain development.
Solidity, a statically-typed programming language, was specifically created for developing smart contracts on the Ethereum Virtual Machine (EVM). Since its inception, Solidity has been the cornerstone of decentralized applications (dApps) on the Ethereum network, facilitating the execution of complex smart contracts.
In contrast, Leo serves as a programming language tailored for creating private smart contracts on the Aleo platform. Focusing primarily on confidentiality, Leo aims to extend blockchain adoption while maintaining privacy, offering unique features that set it apart from Solidity.
1.Privacy by Default:
2.Syntax and Learning Curve:
3.Security and Reliability:
4.Gas Cost Optimization:
5.Developer Ecosystem and Tools:
Leos emphasis on confidentiality, security, and ease of use represents a significant advancement in smart contract development. While Solidity remains a reliable choice for many blockchain developers due to its robustness and extensive community support, Leo offers undeniable advantages for projects where privacy is not just a consideration but a necessity.
As the blockchain space continues to evolve, the choice between Solidity and Leo depends on the specific requirements of each project. Developers seeking to harness the privacy-focused capabilities of blockchain will find Leo a language that fully meets their goals, offering reliable security in a developer-friendly environment.
For those looking to delve deeper into Leo and explore the multitude of possibilities it opens, the GitHub repository Playing Heads or Tails with Leo provides a wealth of information and resources. The smart contract development sphere is evolving, and languages like Leo add dynamism to it. Whether creating decentralized applications or privacy-oriented blockchain solutions, a deep understanding of the chosen language is crucial for unlocking its full potential. As we witness advancements in privacy and blockchain development, exploring the world of Leo opens up a realm where smart contracts are not only intelligent but also invisible.
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When Will Ethereum Hit New All-Time Highs? – Investing Haven
Ethereum set all-time highs on November 8th, 2021. Its highest daily closing price was $4807. Will Ethereum ever again hit its former all-time highs? If so, when exactly will Ethereum hit new all-time highs?
RELATED When Will Our Forecasted Price Of $10,000 Ethereum Be Hit?
In this article, we start by reviewing Ethereums fundamentals. We re-iterate that fundamentals are not the primary driver of price. If it were the case, then ETH should have hit ATH already in 2024, with its solid fundamentals.
We then transition to ETH price analysis, with the intention to derive an answer to the question: when exactly will ETH hit new all-time highs? In answering this question, we obviously also look at the pint IF we believe ETH will ever hit ATH again, or not.
Ethereum is considered a groundbreaking cryptocurrency project due to several key factors.
Smart Contracts and Decentralized Applications (DApps): Ethereum introduced the concept of smart contracts, self-executing contracts with the terms directly written into code. This innovation enables the creation of decentralized applications (DApps) on its blockchain, opening up a wide range of possibilities beyond simple transactions.
Decentralized Finance (DeFi): Ethereum is a cornerstone of the DeFi movement, providing the infrastructure for financial services like lending, borrowing, and decentralized exchanges without the need for traditional intermediaries. This has significantly expanded financial access and inclusivity.
Interoperability: Ethereum is designed to be interoperable with other blockchains, fostering collaboration and compatibility between different projects and networks.
Upgrades: Ethereum has undergone various upgrades, with Ethereum 2.0 being a significant one aimed at improving scalability, security, and sustainability. These upgrades demonstrate the commitment to evolving and addressing the challenges faced by the network.
Community and Developers: Ethereum has a vibrant and active community of developers, contributors, and users. This ecosystem has played a crucial role in the ongoing development and improvement of the platform.
A critical point to understand is that fundamental value doesnt always dictate short to medium-term price movements.
Thats why fundamental analysis will never answer the question whether ETH can hit new ATH. It certainly will never be able to answer WHEN ETH can hit new ATH.
These questions can only be answered by completing fundamental analysis with thorough chart analysis.
In traditional financial markets, company performance and earnings reports can have an immediate impact on stock prices. The crypto space operates in a realm where speculative sentiment, market trends, and macroeconomic factors often take precedence.
Fundamental developments like technological upgrades, partnerships, or protocol enhancements may indeed enhance the long-term viability of a cryptocurrency project. However, their impact on price is frequently delayed and subject to broader market dynamics.
Applying this principle to Ethereum, a prime example emerges. Ethereum is a powerhouse of decentralized finance (DeFi) and smart contract functionality. Despite this, Ethereums short to medium-term price movements are heavily influenced by market sentiment, speculative trading, and crypto market momentum. This is evident in the historical performance of Ethereum. The fact of the matter is that fundamental advancements, such as the Ethereum 2.0 transition, havent always translated to immediate price surges.
Still, the recognition of Ethereums robust fundamentals positions it as a long-term player. Our forecast of a new all-time high (ATH) in 2025 or 2026 aligns with the understanding that, over time, the market tends to reward projects with solid fundamentals as they contribute to the sustained growth and adoption of the platform. This forecast reflects a belief in Ethereums enduring strength rather than a prediction of short-term price movements based solely on immediate fundamental developments.
The short answer: YES, Ethereum will set new all-time highs, in the not too distant future.
There is too much momentum in markets for ETH not to hit new ATH.
In order to answer the question will ETH ever hit new ATH, we have to look at the weekly chart.
It is clear from the long term ETH chart that a long consolidation is ongoing which has some similarities with the consolidation that occurred back in 2018/2019, after ATH were hit in the last days of 2017 / first days of 2018.
The current setup on Ethereums price chart is bullish, its a simple as that. Only if ETH falls below $900, which is seems very unlikely to happen in the coming 2 to 3 years, will the bullish setup invalidate.
Moreover, as seen, there is a very important price point that will act as the line in the sand which is $3525.50. Once past this price point, it is a given that ETH will hit ATH.
With the bullish long term chart reversal, and the pre-requisite that ETH will clear $3525.50 sooner or later, we believe that ETH will hit ATH in the not too distant future.
The next question that comes up, given the analysis discussed before, is WHEN ETH can set new ATH?
Investors nowadays tend to set expectations very high. They not only want to know WHEN but they also want the answer to be more precise. Many will ask WHEN EXACTLY will Ethereum print new all-time highs?
Nobody has a crystal ball. Any answer to the ATH prediction question has to be prefaced by the underlying assumptions as well as confidence levels.
We are saying, with a high level of confidence that Ethereum will move to new ATH in 2025.
The daily ETH chart helps us tremendously to come with this forecast. The rising channel on Ethereums chart says it all: an uptrend, though a soft one, is headed towards $3525.50. Thats where Ethereum will hit big resistance. We expect $3525.50 to be hit in 2024, with a very high level of confidence.
Our base case outcome is a drop after $3525.50 is hit. This should result in a consolidation and fast move to previous all-time highs at $4807 in 2025. Frankly, the chart setup confirms our thinking.
One very important note: many investors tend to mix up chart analysis with technical analysis. The problem with technical indicators is that they are lagging. They are also not able to identify price targets, mostly not.
All charts shown above are based on advanced ETH charting analysis, not ETH technicals.
In summary, Ethereums journey to new all-time highs is like a puzzle where its strong foundations meet the unpredictable nature of the crypto market. While Ethereum is known for its smart contracts, DeFi features, and regular upgrades, predicting its short-term price changes involves understanding how people speculate in the crypto world.
Our belief that Ethereum will reach new all-time highs in 2025 or 2026 comes from looking at both its lasting strengths and how the market is right now. We use charts to help us see where the price might go. The $3525.50 price is crucial, and when Ethereum passes that point, its a big deal. While its hard to say exactly when this will happen, were quite sure it will. Our forecast is like saying we expect a big jump in 2025.
As we keep exploring the world of crypto, watching Ethereums comeback isnt just about numbers. It is about understanding the energy and strength in this special project. When exactly Ethereum reaches new all-time highs in 2025 will be part of the natural flow of the market. We will share updates, insights, and a better understanding of the crypto world in our ongoing analysis.
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When Will Ethereum Hit New All-Time Highs? - Investing Haven
Polygons Evolution: Redefining Blockchain Dynamics with Ethereum-Compatible Upgrade – CoinTrust
In a momentous stride toward reshaping the landscape of blockchain development, Polygon has unveiled its latest upgrade, positioning itself as a transformative force in smart contract deployment and integration with the Ethereum mainnet. This report delves into the nuances of Polygons innovative protocol, emphasizing its potential to revolutionize decentralized applications (dApps) and attract key players in the cryptocurrency market.
Polygons upgrade introduces a paradigm shift by aligning closely with Ethereum, a cornerstone of decentralized finance (DeFi) and blockchain technology. This upgrade, known as Polygon zkEVM (Zero-Knowledge Ethereum Virtual Machine), streamlines the development process for developers by allowing the seamless deployment of existing Ethereum-compatible code onto the platform. The emphasis on simplicity and compatibility is expected to resonate with developers seeking efficiency without extensive code modifications.
At the forefront of Ethereums Layer-2 scaling solutions, Polygon zkEVM distinguishes itself through a focus on scalability and functionality. The Etrog upgrade brings forth five additional pre-compiled smart contracts, including essential functionalities like ecAdd, ecMul, ecPairing, Sha256, and modexp. This advancement facilitates the smooth migration of existing dApps reliant on these pre-compiles to the Polygon zkEVM network, fostering interoperability and accelerating innovation within the blockchain ecosystem.
Beyond technological advancements, Polygon strategically positions itself by actively cultivating an ecosystem that attracts both enterprises and individual users. Esteemed brands such as Starbucks and Adidas have already chosen Polygon as their platform of choice for launching digital collectibles, showcasing the platforms reliability and market presence.
The positive reception of Polygon zkEVM is reflected in the cryptocurrency market, particularly in the noteworthy uptick of MATIC, the native cryptocurrency of the Polygon ecosystem. Experiencing a 3.55% surge to $0.7845, this surge underscores investors confidence in Polygons vision and the transformative potential of its upgrades.
Polygons commitment to innovation manifests through continuous efforts to enhance the scalability and usability of its platform. The introduction of Polygon zkEVM and Polygon CDK tools underscores the platforms dedication to enriching the user experience, aiming to attract a diverse user base ranging from crypto enthusiasts to enterprise entities.
In the competitive arena of Layer-2 scaling solutions, Polygon stands out not only for its technological prowess but also for its robust ecosystem and strategic partnerships. Major brands, including industry giants like Starbucks and Adidas, choosing Polygon for their digital collectibles, underscore the platforms reliability and market prominence.
As Polygon emerges as a catalyst for the mainstream adoption of blockchain technology and digital collectibles, its strategic positioning within the Layer-2 scaling landscape becomes increasingly apparent. While platforms like Arbitrum and Optimism carve out their niches in the Web3 domain, Polygon stands tall as the preferred choice for developers and enterprises, propelled by its unwavering commitment to excellence and market-leading innovations.
In conclusion, Polygons Ethereum-compatible upgrade signifies a pivotal moment in the evolution of blockchain technology, ushering in an era of simplicity, interoperability, and widespread adoption. Positioned at the forefront of the cryptocurrency market, Polygon remains a driving force in innovation, empowering stakeholders to unlock the full potential of decentralized finance and blockchain technology.
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Polygons Evolution: Redefining Blockchain Dynamics with Ethereum-Compatible Upgrade - CoinTrust
Let’s make a Axiom airdrop opportunity in just 3 minutes Free – Medium
Axiom is a project that aims to build infrastructure for smart contract developers to access more on-chain data, and it has been gaining significant attention among developers.
While many projects grow based on their popularity among the general public, Axiom has the potential to gain popularity among developers.This could lead to a greater number of developers using Axiom, potentially contributing to the projects growth and success.
The fact that Axiom has received a total of $20 million in investment, including from top-tier VC (Paradigm), suggests that there are high expectations for Axioms future growth.
Lets try out the tools Axiom offers before it becomes even more famous and secure the opportunity for an airdrop in advance.
Airdrop Guide
3. Save Gist -> Save as New Gist
4. If you see the following in the Logs window, its a success.
5. Done! Do it in advance before it becomes more famous
What is Axiom?
Axiom allows smart contracts to trustlessly compute over the entire history of Ethereum, including transactions and receipts. Developers can send on-chain queries into Axiom, which are trustlessly fulfilled with ZK-verified results sent in a callback to the developers smart contract.
This allows developers to build on-chain applications which access more data at a lower cost without adding additional trust assumptions.
More:
Let's make a Axiom airdrop opportunity in just 3 minutes Free - Medium