Category Archives: Vitalik Buterin
3 Cryptos That Actually Have a Solid Investing Thesis – InvestorPlace
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In an uncertain crypto market, investors continue to debate whether this years recovery is for real. After all, the crypto sector has been through the ringer over the past couple years, after surging during the risk-on pandemic-era rally.
Many of the more speculative projects have effectively fallen apart recently. However, some of the largest and highest-quality cryptos continue to perform well.
Lets examine three cryptos to buy right now, for those looking for quality over upside potential. These are three projects I still think have an investing thesis right now.
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Bitcoin (BTC-USD) is the king of crypto and therefore needs no introduction. Indeed, Bitcoin has performed impressively well this year, surging 58% year-to-date (YTD) with the potential for further growth. Standard Chartered predicted a $120,000 target by 2024, quadrupling from current levels due to a key halving event set for next year. Historically, Bitcoin rallies after halving events. It remains the blue chip of the crypto world, likely to gain as digital asset adoption rises.
As the 2024 halving event approaches, Bitcoins history of post-halving surges and its status as a crypto blue-chip suggest growing demand. Also, emerging ETF developments signal increased Bitcoin interest. Given its stability and growth potential, Bitcoin remains a top long-term crypto investment.
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Ethereum (ETH-USD) made a significant shift from mining to Proof-of-Stake, reducing its energy consumption and cementing its crypto status.
The DeFi and NFT sectors bear the marks of its influence, offering substantial growth opportunities. Co-founder Vitalik Buterin noted a 55% completion rate post its 2.0 update, signaling a promising future for ETH. With capacity for 100,000 transactions and lower fees, ETHs potential remains high.
While more development entails increased risk of glitches, Ethereums journey toward blockchain supremacy has been remarkable. ETH maintains its lead in decentralized finance. This makes it a premier choice for investors bullish on the idea that crypto can power applications and a future economy that drives value to end users. While this space continues to grow and innovate rapidly, Ethernet is generally the engine supporting this growth.
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Aside from Ethereum,Solana (SOL-USD) is another key blockchain supporting the world of DeFi. This crypto has continued to perform exceptionally this year, surging more than 7% alone this past Thursday.
It now ranks as the second-best performer among the top 100 cryptocurrencies. Its recent rally, up over 45% from September lows, pushed its market cap past $10 billion. In turn, this catapulted it as the seventh-largest cryptocurrency, surpassing crypto rivals like Cardano.
In addition, Solana has pivoted back toward a bullish trend, supported by a clear shift in technical analysis, breaking the previous lower high at $19.62. Currently, SOL is trading at $24.82, marking a 5% increase over the past 24 hours. Solana faces significant resistance around $24.86, a level with multiple equal highs.
Further, maintaining flawless uptime in Q2 and venturing into the mobile crypto market with the Saga phone was a significant step, strengthening its decentralized presence and attracting a new user base. Therefore, this positions Solana as a potential long-term investment for those bullish on the potential growth of DeFi over time.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
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3 Cryptos That Actually Have a Solid Investing Thesis - InvestorPlace
The evolution of decentralized exchanges: A comparative analysis – Cointelegraph
Lets dive into the evolution of DEXes as we explore the shift from automated market makers (AMMs) to the time-tested order book model. We must understand the inherent advantages and challenges of each approach, and discover how UTXO-based blockchains can reshape the trading landscape and bridge the gap between traditional finance and the dynamic world of crypto.
Decentralized exchanges (DEXes) have risen as alternatives to the challenges presented by centralized exchanges, which include vulnerabilities to hacks, obligatory KYC verifications, opaque account management and control over private keys. Yet, centralized platforms play an indispensable role, serving as gateways for beginners into the cryptocurrency realm, acting as guides into this new industry.
Traditional exchanges have often hinged on the order book model to optimize capital use and enable dynamic price discovery. In contrast, many modern DEXes utilize the AMM system, which brings its own set of inefficiencies and challenges to be delved into subsequently.
For DEXes to resonate with and be adopted by mainstream financial entities, they may want to consider integration with an order book architecture, thereby appealing to seasoned traders searching for advanced functionalities currently only found in traditional financial systems.
The introduction of the AMM model marked a pivotal change in the DeFi ecosystem. The drive to embed the order book system within DEXes led to the evolution of the AMM model, an idea expounded by Ethereums co-founder, Vitalik Buterin. This innovative approach addressed the lingering liquidity challenges that had previously hampered the widespread adoption of DEXes on platforms like Ethereum. As a result, the majority of DEXes operating on both Ethereum and BSC have since embraced this model.
The primary challenge faced by AMM DEXes is the phenomenon of impermanent loss, where the price fluctuation of tokens inside a pool can sometimes lead to liquidity providers securing less value than if they merely held their assets. Additionally, the model is prone to slippage, especially in low-liquidity pools, resulting in trades that may be executed at less favorable rates. AMMs demand equal values of both tokens in a pair, which isnt always capital efficient, and the price determination is based on the asset ratio in the pool rather than genuine market dynamics, occasionally causing less accurate price representation.
Furthermore, the AMM design can inadvertently open doors for arbitrage opportunities. While these arbitrageurs help maintain price uniformity across markets, they do extract value from the pool, potentially affecting liquidity providers adversely.
Finally, the absence of diverse order types, like limit or stop orders, restricts strategic trading.
Order book-based exchanges are the prevalent standard in global financial markets. At the core of these exchanges is an order book, a dynamic, continually updated list of buy and sell orders.
This mechanism facilitates transparent price discovery, as traders can directly see the supply and demand at different price levels. Furthermore, it offers traders flexibility in executing different types of orders, such as limit or market orders, ensuring that participants can implement nuanced trading strategies.
The real-time nature of the order book also provides insights into market depth and sentiment, crucial for both institutional and retail traders. The adoption of the order book model across major global exchanges underscores its reliability and effectiveness in maintaining market integrity.
The order book model is especially suitable for UTXO-based blockchains trades can be made peer-to-peer as opposed to aggregated into liquidity pools. Moreover, transactions are processed with high concurrency, enabling faster order matching, while maintaining full transparency into the order book state and trading history.
Furthermore, UTXO systems intrinsic capability to process transactions in parallel is highly beneficial for order book mechanisms, which have to process numerous disjoint buy and sell orders simultaneously. Therefore, intricate functionalities of order book operations from order matching to settlement can be automated in a computationally efficient manner, while benefiting from the security and reliability of smart contracts.
In essence, adopting the order book model on UTXO-based blockchains could help bridge the gap between the centralized and decentralized trading worlds.
The cryptocurrency world is undergoing a transformative phase as DEXes consider pivoting from AMM models to the more traditional order book structures. While AMMs offer unique advantages, their limitations have paved the way for the adoption of order book models, especially on UTXO-based blockchains.
Such a transition could help address the challenges of AMMs, merging the benefits of centralized trading with decentralized platforms. As DEXes mature, the fusion of traditional financial mechanisms with decentralized architectures holds promise, potentially revolutionizing the trading landscape, enhancing user experiences and promoting more extensive adoption of DeFi platforms.
The future of crypto trading will likely involve features from the intersection of the two bridging the realms of traditional finance and the burgeoning crypto universe.
CSO atGenius Yield, a next-generation DEX & CEO at gomaestro.org a Web3 infrastructure provider.
This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.
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Pepe Coin vs Shiba Inu: Which Meme Coin is Worth Buying? – CoinGape
Pepe Coin and Shiba Inu are the two most popular meme coins after Dogecoin. While both are the trending meme coins and helped early investors make considerable profits, they share several differences when it comes to their origins, market cap, use cases, and network developments.
Beginner investors who are looking to enter the bandwagon of meme coins might feel confused about whether to buy PEPE or SHIB. We will compare Pepe Coin vs Shiba Inu in the present article and find out which meme coin is worth buying in 2023. Lets start!
Being known as the most memeable meme coin, Pepe Coin has created a buzz in industry in the H1 2023. It was created in April 2023 based on the popular internet meme, Pepe the Frog. Pepe aims to capitalize on the existing popularity of the frog meme and the ongoing meme coin trend in the industry. By entering the list of top 100 cryptocurrencies in just two weeks after its launch and reaching a $1 billion market cap, Pepe Coin created a history.
Pepe Coin has a deflationary token mechanism that burns the token every time a transaction takes place, reducing the supply and increasing the value over the long run. Another attractive feature of PEPE is it has a no-tax policy and doesnt charge any transaction fees for buying and selling of PEPE tokens.
Shiba Inu meme coin was created in August 2023 as an alternative meme coin to Dogecoin. A pseudonymous creator with the name Ryoshi created Shiba Inu as an experiment in decentralized spontaneous community building. It quickly gained popularity and adoption in the crypto community. The meme coin hype as well as the endorsements of influential individuals like Elon Musk and Vitalik Buterin played a part in its growth.
Even though the Shiba Inu was created as a meme coin, it is now being expanded with multiple blockchain projects. While Shiba Swap is a decentralized exchange offering exchange services to the ecosystem, Shibarium is a layer2 network developed to increase the efficiency of SHIB transactions. The project is also developing SHIB metaverse and has multiple future plans to develop Shiba Inu ecosystem.
Before making an investment, it is important to evaluate a crypto and find out the one that is suitable to your trading requirements. When it comes to deciding whether PEPE or SHIB is worth buying, we recommend considering the following factors.
The market performance of the Pepe Coin has created a history in the early days of its launch. Even without conducting airdrops, presales, or ICOs, the token gained extreme popularity and adoption in crypto. After launching on April 17 and trading between $0.00000002764 and $0.00000007957, PEPE reached an all-time high of $0.000004354 in May 2023. It is the quickest cryptocurrency to reach a $1 billion market cap in the crypto industry. However, the token has been on the downtrend since then and recently showing signs of uptrend, at the time of writing.
Coming to Shiba Inu, it has also performed well in 2020 after its launch. It has a starting price of $0.000000000056 and reached an all-time high value of $0.00008845 in October 2021. Early investors who bought SHIB tokens in 2020 have made substantial gains in 2021. It even entered the list of top 20 cryptocurrencies, after reaching a $52.1 billion market cap. However, its price has also been trading sideways since then.
Pepe coin was created just for entertainment purposes and has no roadmap or future plans. However, when it comes to Shiba Inu, it has a clear roadmap and the team is working relentlessly to expand the project, making it more than a mere meme coin. If we consider network developments, Shiba Inu is a promising investment with good future growth potential.
Pepe Coin was created purely for entertainment purposes and has no inherent value. However, it has several features that make it worth investing in PEPE such as its deflationary token mechanism and no-tax policy. While the deflationary mechanism burns PEPE tokens for every transaction, its redistribution system gives back 1% of the transaction to investors. Its no-tax policy, i.e., transaction fees is also a noteworthy feature.
On the other hand, Shiba Inu is an ambitious project and has several use cases. It acts a native cryptocurrency for its layer2 network Shibarium and decentralized exchange ShibaSwap. For activities like staking, liquidity providing, and yield farming, users can rely on SHIB along with other tokens such as BONE and LEASH. With future developments like SHIB metaverse, the tokens will find more and more applications in the virtual world as a native currency.
Both Pepe Coin and Shiba Inu are good investments, if you are considering to buy meme coins. However, if network developments and utility of the project is your priority, Shiba Inu is a suitable investment for you. In case, taking advantage of meme coin hype without paying any transaction fee and benefiting from its deflationary nature, then Pepe Coin is a suitable investment for you.
No matter whether you invest in PEPE or SHIB, do not forget to do your own research and understand the risks involved!
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Pepe Coin vs Shiba Inu: Which Meme Coin is Worth Buying? - CoinGape
Rise of Ethereum staking came at cost of higher centralization JPMorgan – Cointelegraph
The rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.
JPMorgan analysts, led by senior managing director Nikolaos Panigirtzoglou, issued a new investor note on Oct. 5, warning about the risks stemming from Ethereums growing centralization.
The top five liquid staking providers: Lido, Coinbase, Figment, Binance and Kraken, control over 50% of staking on the Ethereum network, JPMorgan analysts noted in the report, adding that Lido alone accounts for almost one-third.
The analysts mentioned that the crypto community has seen the decentralized liquid staking platform Lido as a better alternative to centralized staking platforms associated with centralized exchanges like Coinbase or Binance. However, in practice, even decentralized liquid staking platforms involve a high degree of centralization, JPMorgans report said, adding that a single Lido node operator accounts for more than 7,000 validator sets or 230,000 Ether (ETH).
These node operators get selected by Lidos decentralized autonomous organization (DAO), which is controlled by a few wallet addresses, making Lidos platform rather centralized in its decision making, the analysts wrote. The report mentioned a case when Lidos DAO rejected a proposal to cap the staking share at 22% of Ethereums overall staking to avoid centralization.
Lido didnt participate in the initiatives as its DAO rejected the proposal by an overwhelming majority of 99%, JPMorgan analysts wrote, adding:
Apart from higher centralization, post-Merge Ethereum is also associated with an overall staking yield decline, JPMorgan noted. The standard block rewards declined from 4.3% before the Shanghai upgrade to 3.5% currently, the analysts wrote. The total staking yield has declined from 7.3% before the Shanghai upgrade to around 5.5% currently, the report added.
Related: Time to pull the brakes on Ethereum and rotate back to Bitcoin: K33 report
JPMorgan analysts arent the only Ethereum observers who have noticed a significant increase in network centralization following the Merge upgrade. Executed on Sept. 15, 2022, the Merge has been seen as a major impediment to Ethereums decentralization and a major reason for dropping yields.
Ethereum co-founder Vitalik Buterin has admitted that node centralization is one of Ethereums main challenges. In September 2023, he said that finding a perfect solution to handle this problemmay take another 20 years.
Magazine: Blockchain detectives Mt. Gox collapse saw birth of Chainalysis
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Rise of Ethereum staking came at cost of higher centralization JPMorgan - Cointelegraph
Ethereum’s Vitalik Buterin Warns of Risks in Lido and Rocket Pool – Unchained
One layer of defense may not be enough to combat the centralization risks present in some ETH staking pool operators, said the Ethereum cofounder.
Photo by Choong Deng Xiang on Unsplash
Posted October 2, 2023 at 3:50 am EST.
Ethereum cofounder Vitalik Buterin raised concerns over the underlying mechanisms running on major ETH staking pool providers Lido and Rocket Pool.
Lido and Rocket Pool are the two largest liquid ETH staking pools by market share, allowing users to participate in staking ETH, earning rewards, without having to lock their funds in the staking smart contract.
In a Sept. 30 blog post, Buterin said that both Lidos model of having its decentralized autonomous organization (DAO) whitelist node operators and Rocket Pools model of having users put down 8 ETH to run a node had different issues.
Lido offers users a derivative token called staked ETH or stETH to represent the value of the amount staked, while Rocket Pool allows users to stake ETH by running a permissionless node.
Rocket Pools approach would allow malicious actors to 51% attack the network, forcing users to pay most of the costs, said Buterin. Meanwhile, Lidos DAO approach would create a scenario of potentially attactable governance gadget controlling a large portion of Ethereums validtors if a single staking token dominates.
To the credit of protocols like Lido, they have implemented safeguards against this, but one layer of defense may not be enough, said Buterin.
He proposed encouraging ecosystem participants to diversify to different staking pool operators as a short-term solution to the prospect of one provider becoming too large, and thereby, a system risk to the blockchain.
Another solution would be enshrining features at a protocol level to curtail the effects of centralization in other areas. In his view, minimal viable enshrinement could be the middle ground that addresses these challenges without being too narrowly focused.
Rather than enshrining a full liquid staking system, changing staking penalty rules to make trustless liquid staking more viable, said Buterin, as one example of how this could be carried out.
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Ethereum's Vitalik Buterin Warns of Risks in Lido and Rocket Pool - Unchained
Crypto Drug Cartel Ties: On-chain Investigator Drags Ethereum Into The Mess – NewsBTC
An on-chain crypto investigator took to social media to expose the supposed black truth behind Justin Suns Tron but has thrown Ethereum in the mix, alleging that the cryptocurrency is backed by the CCP and may harbor crypto wallet addresses by Fentanyl traffickers.
An X (formerly Twitter) user going by the username @BoringSleuth has gained the attention of the crypto community after uncovering potential evidence of Tron allegedly being a Ponzi scheme governed by one of the worlds largest crypto criminal drug cartels.
I showed and told the World that Tron $TRX was a massive Ponzi, run by a part of the largest criminal Cartel in the World, and connected to the CCP, BoringSleuth said.
BoringSleuth disclosed that the United States Department of Justice (DOJ) has sanctioned eight Chinese Communist Party (CCP) companies for allegedly operating a clandestine drug production and distribution sales network around Fentanyl.
The crypto investigator revealed that more than half of the wallets owned by these companies were traced back to Tron and the remainder allegedly being on the Ethereum blockchain.
After analyzing the original sales of the TRX token, BoringSleuth stated that he had reviewed the top 20 cryptocurrency wallets in Trons original token sale list to decipher the owners of the wallets and how much TRX supply these wallets have acquired.
According to the investigator, out of the 20 wallets, 17 were created and owned by the infamous criminal organization disguised to represent genuine investors. He revealed that the criminal organization was connected to the CCP, and 98% of Trons total token supply was received by these 17 wallets.
The on-chain investigator also mentioned that cryptocurrency exchanges like Huobi Global, and cryptocurrencies like Shiba Inu may also be linked to the CCP and Wanxiang, a Chinese multinational conglomerate and the team that funded Ethereum Foundation wallets and Ethereums Founder, Vitalik Buterin.
The crypto industry has experienced a series of Ponzi schemes and rug pulls for years now, causing investors and regulators to be wary of crypto exchanges and organizations in the space.
While Tron is faced with speculations of being a well-orchestrated Ponzi scheme and having connections with the CCP, the revelation that Ethereum, the worlds second-largest cryptocurrency may be backed by the CCP and connected to companies involved in drug trafficking has left the crypto community in a paradox.
According to BoringSleuth, the CCP is allegedly supporting Ethereum and other blockchains as well as multiple Decentralized Exchanges (DEX) and Centralized Exchanges (CEX) in the crypto space.
The crypto investigator utilized a previous transaction that saw the CCP receiving 133,700 ether on a single Genesis Block address owned by the party, as a reference to a connection between Ethereum and the CCP.
BoringSleuth has also stated a potential connection between Ethereums Founders and the CCP, which he said he would be revealing in detail soon.
The allegations faced by Tron and Ethereum come amid the increasing scrutiny of Chinas role in the cryptocurrency landscape. Although the crypto X community is presently reeling from the on-chain investigators hypothesis, no concrete evidence linking Ethereum to the CCP has emerged, leaving the allegations in the realm of speculation.
Featured image from Medium, chart from Tradingview.com
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Crypto Drug Cartel Ties: On-chain Investigator Drags Ethereum Into The Mess - NewsBTC
Ethereum Price Prediction 2023 – Watcher Guru
Ethereum Price Prediction 2023: A Comprehensive Analysis of the Crypto Market
The crypto market has been an exciting space for investors and traders alike, with numerous cryptocurrencies vying for attention.
One such cryptocurrency that has stood out is Ethereum (ETH). Ethereum is not just a digital currency; it is a blockchain platform that enables the creation of decentralized applications (dApps) and smart contracts.
With its innovative technology and widespread adoption, Ethereum has become the second-largest cryptocurrency by market capitalization.
In this article, we will delve into the world of Ethereum and analyze its price predictions for 2023.
We will explore the factors that influence Ethereums price, the historical performance of the cryptocurrency, and expert opinions on its future trajectory.
So, if youre curious about the potential of Ethereum and its place in the crypto market, keep reading!
Also read: Fidelity: Ethereum Drawing Investment Interest Alongside Bitcoin
Ethereum was launched in 2015 by Vitalik Buterin as a decentralized, open-source blockchain platform.
It introduced the concept of smart contracts, which are self-executing contracts with predefined rules and conditions. These smart contracts eliminate the need for intermediaries, making transactions more efficient and secure.
It operates on its native cryptocurrency, Ether (ETH), used to pay for transaction fees and computational services on the network.
Ethereum has revolutionized the blockchain industry with its wide range of functionalities. Lets explore some of the key features that set Ethereum apart:
Ethereums smart contracts allow for the creation of decentralized applications (dApps) and the execution of programmable transactions without intermediaries.
This feature has opened up a world of possibilities for developers and businesses, enabling them to build innovative solutions on the Ethereum blockchain.
Non-fungible tokens (NFTs) have gained immense popularity recently, and Ethereum has played a significant role in their rise. NFTs are unique digital assets representing ownership of digital or physical items.
Ethereums ERC-721 and ERC-1155 standards have become the industry standard for creating and trading NFTs.
Ethereum has become the go-to platform for developing decentralized applications.
These dApps operate on the Ethereum blockchain and offer various services, including decentralized finance (DeFi), gaming, and social networking. The Ethereum networks flexibility and security make it an ideal choice for developers leveraging blockchain technology.
Decentralized finance, or DeFi, is an ecosystem of financial applications built on blockchain technology.
Ethereum has played a pivotal role in the growth of DeFi, providing a platform for decentralized lending, borrowing, trading, and more. The rise of DeFi has brought significant attention and value to the Ethereum network.
Ethereum is undergoing a major upgrade known as the Merge. This upgrade will transition Ethereum from a proof-of-work (PoW) consensus mechanism to a more energy-efficient proof-of-stake (PoS) mechanism.
The Merge will improve scalability, security, and sustainability, making Ethereum even more attractive for developers and users.
Ethereum has undergone several hard forks to improve its functionality and address issues.
The Shanghai (Shapella) upgrade was the first hard fork of Ethereum, which introduced various improvements, including enhanced security and performance. These upgrades ensure that Ethereum remains a robust and reliable blockchain platform.
Now, lets dive into the Ethereum price predictions for 2023. We will explore forecasts from various experts and platforms to gain insights into Ethereums potential performance.
Its important to note that these predictions are based on historical data and market trends and should not be considered financial advice.
Here are some notable Ethereum price predictions for 2023:
Finder expects Ethereum to show steady growth throughout the year, driven by its strong fundamentals and growing adoption.
The platform expects Ethereum to maintain an upward trajectory, driven by its technological advancements and the increasing interest in decentralized applications.
The platform expects Ethereum to benefit from the growing interest in blockchain technology and decentralized finance (DeFi) application development.
The platform expects Ethereum to experience gradual growth, driven by its strong community and the increasing adoption of blockchain technology.
The platform expects Ethereum to continue its upward trend, driven by its strong fundamentals and the increasing demand for decentralized applications.
Its important to remember that these predictions are speculative and are subject to market volatility and external factors.
Investors should conduct their research and consider multiple factors before making any investment decisions.
Beyond 2023, experts have varying opinions on Ethereums long-term price trajectory. Here are some insights into Ethereums potential performance in the coming years:
The implementation of Ethereum 2.0 and the continued development of the Ethereum ecosystem are expected to drive its price upwards.
The increasing adoption of decentralized finance (DeFi) and the growth of the Ethereum network are expected to contribute to its value.
The scalability improvements brought by Ethereum 2.0 and the continued development of decentralized applications are expected to drive Ethereums value in future years.
Ethereum price predictions for 2025 vary, but many experts believe that Ethereum could reach [Price Prediction 2025 Optimistic High] USD or surpass its previous all-time high.
The growth of decentralized finance (DeFi) and the increasing adoption of Ethereums blockchain technology are key factors driving these predictions.
Predicting the exact price of Ethereum in 2030 is challenging due to the volatile nature of the crypto market. However, some experts speculate that Ethereum could reach [Price Prediction 2030 Optimistic High] USD or potentially higher, driven by the growth of decentralized applications and the increasing demand for blockchain technology.
While its difficult to predict the exact price of Ethereum, reaching $20,000 is within the realm of possibility.
However, it would require significant market developments, widespread adoption, and positive investor sentiment.
Ethereums historical performance and its position as a leading blockchain platform make such a milestone feasible in the long term.
The likelihood of Ethereum crashing to zero is extremely low.
Ethereum has established itself as a robust and innovative blockchain platform with a strong community and widespread adoption.
While market fluctuations and regulatory changes can impact its price, the fundamental value and utility of Ethereum make a complete crash highly unlikely.
While Ethereum has gained significant traction and has become the second-largest cryptocurrency by market capitalization, overtaking Bitcoin in market dominance is challenging.
Bitcoin holds a unique position in the crypto market as the first and most well-known cryptocurrency.
However, Ethereums innovative technology and growing ecosystem position it as a strong competitor to Bitcoin.
Investing in Ethereum or any cryptocurrency carries inherent risks, and its essential to conduct thorough research and consider your risk tolerance before making any investment decisions.
Furthermore, while Ethereum has shown promising growth and has a strong track record, the crypto market is highly volatile. Its advisable to consult with a financial advisor or do your due diligence before investing in Ethereum or any other cryptocurrency.
Predicting whether Ethereum will reach $100,000 is speculative and depends on various factors, including market conditions, technological advancements, and investor sentiment.
While its challenging to predict the exact price trajectory, Ethereums potential for growth, driven by its innovative technology and widespread adoption, makes such a milestone within the realm of possibility in the long term.
Predicting the exact price of Ethereum 20 years into the future is highly speculative.
Ethereums history, tech progress, and blockchain adoption suggest its value might soar in 20 years.
Furthermore, the long-term potential of Ethereum makes it an exciting asset to watch in the coming decades.
Predicting Ethereums 2050 price is tough. As the crypto market evolves, external factors remain unpredictable.
Ethereum is a top blockchain with growing dApps. It could surpass its current value in 2050.
Ethereums ecosystem expands, and the crypto market growsboth boost long-term price.
In conclusion, approach Ethereum price predictions for 2023 and beyond cautiouslytheyre speculative, not guarantees.
The crypto market is highly volatile, and various factors can influence the price of Ethereum.
However, Ethereums strong fundamentals, innovative technology, and growing ecosystem make it an intriguing cryptocurrency to watch.
Whether youre considering investing in Ethereum or simply interested in its potential trajectory, staying informed about market trends, technological advancements, and expert opinions can help you make more informed decisions.
Remember to conduct thorough research, consult with financial professionals, and always invest within your risk tolerance.
Furthermore, the future of Ethereum and the crypto market as a whole is filled with possibilities and uncertainties.
As the crypto market continues to evolve, Ethereums role as a leading blockchain platform is expected to grow, and its price may reflect its increasing value.
So, keep an eye on Ethereum and stay tuned for the latest developments in the exciting world of cryptocurrencies!
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Vitalik’s Four Lessons on the Future of Ethereum – CryptoTvplus
Vitalik Buterin has cautioned the Web3 community, especially those focused on Ethereum, on the future of the blockchain he co-founded.
Ethereum is a decentralized global software platform often referred to as the worlds programmable blockchain. It positions itself as an electronic, programmable network with a built-in Turing-complete programming language.
Thanks to its programmability, numerous applications worth billions of dollars have been built on the platform. As a result, the protocol has undergone several evolutions, implementing a series of proposals.
On the flip side, there has been a surge of curiosity surrounding integrating features like privacy, advanced cryptography, account safety, censorship resistance, frontrunning protection, and more into the core protocol.
To approach this aspect carefully, Vitalik imparted four fundamental lessons that should shape the inclusion of additional utilities within the layer one blockchain.
According to Vitalik, embedding certain features outside the Ethereum core offers the advantage of minimizing the likelihood of centralization. Simplifying the base protocol allows for increased flexibility.
Nonetheless, he cautioned about the potential risks of centralization within the external ecosystem, often due to elevated fixed costs. Despite these risks, it remains beneficial in reducing de facto centralization.
Another lesson pointed out by the co-founder is that when too much is added to the Ethereum core, there is a likelihood that it will be overwhelmed due to overload.
The effect of this is that trust and governance of the protocol can be affected, potentially weakening Ethereums credibility.
The third reflection of Vitalik is that when too much is given to the Ethereum core, it can also result in a more complex protocol. Protocol complexity is a systemic risk, and adding too many features in-protocol increases that risk, he said.
He provided an example of how the implementation of Precompiles on the Ethereum blockchain has fallen short of expected usefulness over the years. Precompiles are contracts implemented on the Ethereum blockchain via client code, instead of EVM smart contract code.
Client code refers to the code running on Ethereum clients or nodes, which are software implementations that interact with the Ethereum blockchain. They are mostly written in programming languages like JavaScript, Python, or Go.
EVM (Ethereum Virtual Machine) smart contract code, on the other hand, is the code that defines the behavior of smart contracts on the Ethereum blockchain. EVM smart contract code is written in Solidity or other programming languages that can be compiled into bytecode
Vitalik also added that the reason behind treading cautiously on the Ethereum core is that enshrined features may not align with users actual needs, which can change over time, potentially becoming underutilized.
Vitalik suggested a middle road, where the protocol enshrines specific pieces to address key challenges without being overly opinionated.
Ultimately, he said that the debate over what to enshrine in the protocol and what to leave to other layers will continue to evolve as the blockchain ecosystem advances and user needs become clearer.
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Vitalik's Four Lessons on the Future of Ethereum - CryptoTvplus
Friend.tech Users Lose $385K in Ether to SIM-Swap Scammer – Blockchain.News
On October 5, 2023, a blockchain investigator by the name of ZachXBT stated that a single scammerhad stolen 234 ETH, which is roughly comparable to $385,000, from four customers of Friend.tech over the course of a single day. A SIM-swap assault was carried out by the con artist in order to acquire unauthorised access to the accounts of the victims. It was determined that the same hacker who had drained the accounts of the four victims was responsible for the theft of the assets.
One of the victims, who goes by the Twitter handle "KingMgugga," reported the incident while it was happening in real time, saying that they were "getting f---ing sim swapped watching it happen." Another user who goes by the name "holycryptoroni" stated that they had a similar experience by adding, "I got swapped sorry." In the early part of this week, four more customers of Friend.tech reported losing a combined total of around 109 ETH as a result of SIM-swap or phishing attempts.
It has been brought to people's attention that the website Friend.tech, which is a platform that enables users to buy "keys" for access to private chat rooms, does not have very solid security measures. A company that specialises in ecosystem tools called Manifold Trading projected that twenty million dollars out of Friend.tech's total worth of fifty million dollars locked might be at danger. The company strongly suggested that Friend.tech use two-factor authentication (2FA) in order to beef up the account's level of protection.
The incident has also revived demands for Twitter to adopt two-factor authentication (2FA) security measures. This is particularly the case following the high-profile SIM-swap hack that occurred in September on the account of Ethereum co-founder Vitalik Buterin. Users are encouraged to delete their phone numbers from their social media profiles by "0xfoobar," who is the founder and CEO of wallet security company Delegate. This is done in order to reduce potential hazards.
The Friend.tech incident comes amid growing concerns about the vulnerability of two-factor authentication (2FA) systems to SIM-swap attacks. On April 27, 2023, a report by Blockchain.News highlighted that a recent update to Google's Authenticator app, which stores one-time codes in cloud storage, has raised security questions. The update makes users susceptible to SIM-swap attacks, where scammers can trick telecom operators into associating a victim's phone number with their own SIM card. If a hacker gains access to the user's Google password, they could compromise all authenticator-linked applications.
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Friend.tech Users Lose $385K in Ether to SIM-Swap Scammer - Blockchain.News
Shiba Inu: Here’s When SHIB Could Reach $0.0001 – Watcher Guru
Shiba Inu (SHIB) investors have long targeted a price of $0.01, commonly known as the one cent dream. However, before reaching one cent, the popular dog-themed memecoin would have to delete a few zeros and reach the $0.0001 level. According to a few forecasts, this might take longer than many expect.
According to the analysis by Gov.capital, Shiba Inu (SHIB) will not reach $0.0001 anytime before October 2027, i.e. four years from now. Reaching $0.0001 represents a growth of about 1288.6%.
Also Read: Shiba Inu: Can SHIBs Secret AI Venture Push its Price to $0.01?
Changelly, on the other hand, predicts that SHIB will attain a price of $0.0001 by the year 2029, six years from now. Moreover, the firm predicts that SHIB will reach a price of $0.0002 by 2032.
SHIB had a meteoric rise in 2021, growing by many thousand percentage points. However, one of the biggest drivers was Vitalik Buterin, the co-founder of Ethereum, burning almost half of SHIBs entire supply. Buterin received half the token supply when it launched in August 2020. However, he decided to burn 90% of it and donate the rest to charity. If the SHIB team is able to carry out another burn of such a magnitude, it would greatly help in pushing the assets price. The team is working on a new burn mechanism that can reportedly destroy trillions of tokens every year.
Also Read: Shiba Inu: How Much to Invest to be a Millionaire if it Hits $0.01?
However, as pointed out by Shiba Inu (SHIB) lead developer, burns alone will not drive up the assets price. Burns have to be met with increased demand. In order to increase demand, the team is working on several real-world use cases for SHIB. The project launched its Shibarium layer-2 blockchain in August this year, which would allow developers to build on SHIB. This may drive up demand eventually.
At press time, SHIB was trading at $0.00000720, down by 0.4% in the last 24 hours.
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Shiba Inu: Here's When SHIB Could Reach $0.0001 - Watcher Guru