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AI changes everythingand nothing Nieman Journalism Lab – Nieman Journalism Lab at Harvard

December 13, 2023 | Author: admin

In the final discussion post in my digital media innovation capstone course this semester, I asked the question, What are your thoughts on the future of innovation? It was no surprise that every student mentioned artificial intelligence. Many expressed concerns about ethical implications and its effect on future employment. But in most cases, their comments were balanced with a healthy sense of optimism and involvement. As one said, Remaining up-to-date, never-ending education, flexibility, and active involvement in ethical issues related to technology will be necessary for success in the changing professional environment.

As I have begun talking about AI over the past several months in classes, at conferences, and in conversation with friends and colleagues I keep repeating that we are going to look back at the past couple decades of search as the dark ages of information. Remember when we had to Google stuff and then go to websites and read them and hope they had the answers to our questions? Googles algorithm that now gives us excellent-quality search results will feel as antiquated as a MySpace Top 8 when we are able to have a conversation with a bot that seemingly knows everything. These all-knowing platforms are now being referred to as artificial general intelligence.

Well also look back on this time when we gladly gave up volumes of personal information to search and social media companies in exchange for the value we perceived in using them. But will we also remember that we didnt solve the problems of misinformation, bias, and abuse when we had the chance? AI just exacerbates these dilemmas.

Looking forward, as we talk about AI, we have to consider how it will affect the ways that information is stored and distributed. Now we have volumes of public content that are used to train AI platforms, created by millions of people. But if we no longer need to go to a website to get information, will many websites become unnecessary? If so, then what will be training the AI? What will be the format of the data? Will the presentation of the remaining web spaces need to be more fluid and customized? What will the platforms of the future be? And who will be in charge of them? Who will have the skills to work in these fields? And how will media education adapt? We have to look a few paces ahead.

So, what is my prediction for 2024? AI will become more accessible and more useful, like search and social media. We will gladly give away all our private information in exchange for the value we perceive in using it. Well use AI platforms to write emails, contribute to stories, edit copy, analyze and present data, create graphics, prepare college papers, learn to codemaybe even write our Nieman Lab predictions.

Well also worry about technology taking our jobs. Spreading falsehoods. Information bias and takeovers by malicious actors.

We cant predict what AI will look like in a year. But we have an idea of where this is going, because weve been there. There will be company shakeups, new platforms, emergent players. There will be ethical, social and legal implications. There will be mishaps and confusion. Same as it ever was.

Maybe the stakes are higher now, with a technology so few understand and in which so few have control. My best advice is not to avoid it. Get knowledgeable, but be critical. How we should have been all along

Cindy Royal is a professor and director of the Media Innovation Lab at Texas State University.

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AI changes everythingand nothing Nieman Journalism Lab - Nieman Journalism Lab at Harvard

Achieving alignment: How U of T researchers are working to keep AI on track – University of Toronto

December 13, 2023 | Author: admin

In the year since OpenAI released ChatGPT, what once seemed like an esoteric question among researchers has pushed its way to the forefront of public discourse: As artificial intelligence becomes more capable, how do we ensure AI systems act in the best interests of humans and crucially not turn against us?

He recently spoke withU of T Newsabout the alignment problem and what is being done to try and solve it.

What, exactly, is meant by AI alignment?

In the research sense, it means trying to make sure that AI does what we intended it to do so it follows the objectives that we try to give it. But there are lots of problems that can arise, some of which were already seeing in todays models.

One is called reward misspecification. Its tricky to specify what reward function, or objective, you want in the form of a number that an AI model can understand. For example, if youre a company, you might try to maximize profits thats a relatively simple objective. But in pursuing it, there can be unintended consequences in the real world. The model might make or recommend decisions that are harmful to employees or the environment. This example of rewards being underspecified can occur in even more simple settings. If we ask a robot to bring us coffee, we are also implicitly asking it to do so without breaking anything in the kitchen.

If we built the AI models, how is it they learn to do things we didnt foresee?

When we talk about emergent behaviours abilities that are present in larger models but not in smaller ones its useful to think about large language models (LLMs) such as ChatGPT. If given an incomplete sentence, ChatGPTs objective is to predict what the next word is going to be. But if youre giving it a bunch of different training data from the works of Shakespeare to mathematical textbooks the model is going to gain some level of understanding in order to get better at predicting what word comes next.

We dont specify hard-coded rules for what these models are supposed to learn, so we dont have that much control over what the model generates. One example of this is hallucinations, where models such as ChatGPT create plausible but false claims.

What is artificial general intelligence (AGI) and what are some of the existential concerns about it?

There are many definitions, but in a general sense, AGI refers to the potential that we develop an AI system that performs most tasks that require intelligence better than or at the same level as humans.

People who believe this might happen are concerned about whether these models are going to be aligned with human values. In other words, if theyre more intelligent than the average human, its not clear that theyll actually help us.

Some sci-fi ideas about AIs taking over the world or hurting a lot of humans are getting a lot of media attention. One reason people think this might happen is an AI can often act better on its objectives if it has more resources. Hypothetically, an AI system might decide that manipulating humans, or hurting them in some way, might make it easier to acquire resources. This scenario is not going to happen today, but the potential risk is why luminaries such as Geoffrey Hinton emphasize the importance of studying and better understanding the models we are training.

How are U of T researchers working to tackle the short- and long-term risks of AI?

There are five key areas of AI alignment research: specification, interpretability, monitoring, robustness and governance. The Schwartz Reisman Institute is at the forefront of bringing together people from different disciplines to try to steer this technology in a positive direction.

In the case of specification, a common approach to fix the problem of reward misspecification is a technique that allows models to learn from human feedback. This is already being put into practice in training LLMs like ChatGPT. Going forward, some researchers are looking for ways to encode a set of human principles for future advanced models to follow. An important question that we can all think about is alignment to whom? What sort of guidelines do we want these models to follow?

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Achieving alignment: How U of T researchers are working to keep AI on track - University of Toronto

Ethereum Price Dives To $2,000, Why Dips Remain Attractive – NewsBTC

December 13, 2023 | Author: admin

Ethereum price took a major hit like Bitcoin and dropped over $350. ETH tested the $2,000 support and is currently attempting a fresh increase.

Ethereum price climbed further higher above the $2,300 level. ETH even cleared the $2,350 level but the bears remained active near the $2,400 zone. A high was formed near $2,401 and there was a sharp decline like Bitcoin.

The price declined over 8% and there was a move below the $2,200 level. Besides, there was a break below a key bullish trend line with support near $2,340 on the hourly chart of ETH/USD. The pair even spiked below the $2,000 support before the bulls appeared.

A low was formed near $1,980 and the price is now attempting a recovery wave. There was a move above the $2,150 and $2,180 levels. The price climbed above the 50% Fib retracement level of the downward move from the $2,401 swing high to the $1,980 low.

Source: ETHUSD on TradingView.com

On the upside, the price is facing resistance near the $2,275 zone. The next key resistance is near the $2,300 level or the 76.4% Fib retracement level of the downward move from the $2,401 swing high to the $1,980 low. A clear move above the $2,300 zone could send the price toward the $2,400 level. The next resistance sits at $2,450. Any more gains could start a wave toward the $2,500 level.

If Ethereum fails to clear the $2,300 resistance, it could start another decline. Initial support on the downside is near the $2,180 level.

The next key support is $2,120. The main support is now near $2,100. A downside break below $2,200 might start an extended decline. The key support is now at $2,000, below which there is a risk of a move toward the $1,880 level in the near term.

Technical Indicators

Hourly MACD The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI The RSI for ETH/USD is now below the 30 level.

Major Support Level $2,100

Major Resistance Level $2,300

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Ethereum Price Dives To $2,000, Why Dips Remain Attractive - NewsBTC

Ethereum Tests Crucial Support As $6.6 Million Liquidated Near $2,250! Will ETH Price Decline Again? – Coinpedia Fintech News

December 13, 2023 | Author: admin

Bitcoin and Ethereum continue to experience price drops in recent hours, marking a bearish start to the week. While this could be a standard correction ahead of a bull run, similar to patterns observed in past bull markets, there is growing worry about whale investors selling for profit, potentially postponing the anticipated bull phase. Ethereum, in particular, is facing increased liquidations and is approaching a critical support level to test.

According to Coinglass, there has been a significant increase in the liquidation of long positions as the price of Ethereum fell sharply from $2,250. In the past three hours alone, long positions valued at over $6.6 million were liquidated as investor confidence declined following the drop from $2,250. In the same vein, Bitcoin also experienced over $15 million in long position liquidations, indicating an ongoing sell-off and the potential for further price declines.

Interest from whale investors in Ethereum has declined, with large-scale transactions reaching a one-month low. IntoTheBlock reports a sharp decrease in the number of large transactions, following the downturn in Ethereums price. Currently, this metric stands at around 2.65K transactions.

Interestingly, as Ethereums price drops, some investors see this as an opportune moment to increase their holdings. Data from CryptoQuant shows that Ethereums Netflow is negative, indicating that the outflow of coins from exchanges is exceeding the inflow. This trend suggests that despite the falling prices, exchange reserves of Ethereum are declining as investors withdraw their ETH to start holding from the recent dip.

This trend could notably strengthen the immediate support levels as Ethereums price approaches a test of the $2100 mark. At present, the market sentiment is largely bearish, as indicated by the long/short ratio standing at 0.8692. This shows that 53.5% of positions are anticipating a decrease in price. On the other hand, 46.5% of positions remain bullish, maintaining a bullish outlook despite the increasing selling pressure.

There is an attempt by bearish traders to push Ethereums price below the critical breakout level of $2,200, but the bullish investors are defending this level. This indicates an effort by buyers to establish $2,200 as a new support level.

The ETH price is flashing extreme volatility near $2.2K as buyers attempt to send the price above EMA20. To regain positions, ETH price needs to hold within $2,400 and break above the resistance at $2,464. However, sellers are expected to defend this level aggressively.

The key support zone to watch is between $2,200 and $2,100. A decline below this support zone could trap some of the more aggressive bullish traders, potentially leading to a wave of long position liquidations. Such a scenario could trigger a sharp correction, possibly driving the price down toward $1,900.

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Ethereum Tests Crucial Support As $6.6 Million Liquidated Near $2,250! Will ETH Price Decline Again? - Coinpedia Fintech News

Galaxy-Backed Gyroscope’s ‘All-Weather’ Decentralized Stablecoin Goes Live on Ethereum Mainnet – CoinDesk

December 13, 2023 | Author: admin

Gyroscope's "all-weather" stablecoin gyro dollar (GYD), which aims to keep crypto investors shielded from stablecoin failures, went live Thursday on the Ethereum (ETH) mainnet, the developer team told CoinDesk.

"GYD is a means to protect against the risks of holding stablecoins, putting risk control on autopilot," the team said in an interview via email.

Stablecoins, in spite of their name, have been known to veer from their price anchors. In March, Circle's USDC, the second-largest stablecoin, temporarily depegged due to the collapse of banking partner Silicon Valley Bank (SVB). This in turn led Maker's DAI to drop, as a large part of that stablecoin's reserve assets were in USDC. Last year, the dramatic collapse of Terra's algorithmic stablecoin UST marked the beginning of the crypto winter. Overall, large-cap fiat-backed stablecoins de-pegged from their price anchor more than 600 times this year, according to a Moody's Analytics report from early November.

Gyroscope claims to offer an alternative to centralized and algorithmic stablecoin designs, promising to protect holders against any de-pegging events.

It's a decentralized, non-custodial stablecoin that is fully backed by reserve assets and features an algorithmic mechanism to keep its price pegged to $1. The token was designed to segment the risks of each backing asset by storing them in segregated vaults.

Backing assets are stablecoins deployed in certain strategies such as yield-generating sDAI and USDC in Flux, and also support automated market-making (AMM) strategies like LUSD and crvUSD. As the stablecoin scales, the reserve has been designed to a large variety of strategies and assets, the Gyroscope team explained.

The token primarily targets decentralized finance (DeFi) users and features risk diversification rules, new oracle and circuit breaker systems and optimized minting and redemption bonding curves guiding the protocol on how to manage reserve assets for price stability, according to Gyroscope.

The launch followed a test period on Polygon and the opening of its liquidity pools (E-CLP), which attracted nearly $30 million in total value locked, the press release said.

The protocol raised $4.5 million in venture capital investment in a round led by Placeholder VC and Galaxy Ventures, with Archetype, Maven 11, Robot Ventures, Balancer Labs co-founder Fernando Martinelli and others participating.

"GYD is not a toy, but a stablecoin with aspirations to sit alongside Maker's DAI in the years to come," Chris Burniske, partner at Placeholder, said in a statement.

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Galaxy-Backed Gyroscope's 'All-Weather' Decentralized Stablecoin Goes Live on Ethereum Mainnet - CoinDesk

2 Reasons Why An Ethereum Mega Bull Run Is Inevitable – NewsBTC

December 13, 2023 | Author: admin

While the recent Bitcoin and crypto momentum is cooling off, Ethereum (ETH) rejects lower lows, especially against Bitcoin (BTC). Taking to X on December 8, decentralized finance (DeFi) researcher DefiIgnas shared insights that suggest ETH could be on the verge of a rally that would potentially see the second most valuable coin usurp BTCs current position as the best-performing asset.

The researcher observed that ETH is down 24% versus BTC in 2023. However, multiple fundamental indicators show that this is about to change. First, DefiIgnas noted that crypto investors are increasingly drawn to discounted Grayscale Ethereum Trust (GETH), which has been rallying over the past few months, outperforming Ethereum spot prices.

GETH surged by 298% in the past few months, while ETH only rose by around 100% in the same period. As GETH share prices increased, its discount with spot ETH decreased. This means more capital indirectly flowed into ETH, leading to higher demand.

Besides GETH rising, the researcher remains bullish on Ethereum because of the recent developments surrounding the approval of the first spot Bitcoin ETF. The crypto community expects the Securities and Exchange Commission (SEC) to authorize multiple products, including those proposed by Fidelity and BlackRock.

In DefiIgnas assessment, once the spot Bitcoin ETF goes live, likely in early 2024, all attention, narrative, and speculation will shift toward the agency approving the first spot Ethereum ETF. BlackRock, the worlds largest asset manager, has already applied with the SEC to issue the first spot Ethereum ETF.

The expected activation of the Cancun upgrade in H1 2024 will also likely support Ethereum prices. Over the years, Ethereum has integrated multiple upgrades. This includes shifting to proof-of-stake (PoS) from proof-of-work (PoW) and overhauling their fee auction mechanism, introducing ETH burning.

However, with Cancun, the goal is to directly enhance the main nets capabilities by activating several proposals, including EIP-4844 proto-dank sharding, which aims to reduce gas fees associated with rollups. This update will further cement Ethereums quest to significantly increase on-chain scalability and reduce gas fees over the years.

At spot rates, ETH is firm versus BTC, looking at the candlestick arrangement in the daily chart. How prices react in the days ahead remains to be seen.

Even so, if there is confirmation of the December 7 gains, ETH might extend gains. In that case, it can break above the current consolidation as bulls aim to break above November 2023 highs of around 0.058 BTC.

Feature image from Canva, chart from TradingView

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2 Reasons Why An Ethereum Mega Bull Run Is Inevitable - NewsBTC

Bitcoin and Ethereum prices cool off, traders bullish on this altcoin – crypto.news

December 13, 2023 | Author: admin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

After a euphoric week, leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) ended Sunday in the red, and selling continued to this weeks open. Currently, Bitcoin is trading at $42.1K, down 4.07% today, while Ethereum is at $2.23K, down 4.87%.

However, traders continue to rally behind Bitcoin ETF Token as its presale surges toward $3.5 million.

Warning signs of a steep correction have been everywhere over the past few days. Many analysts urged market participants to proceed cautiously, but some believe another flush is imminent even after the recent correction.

CoinMarketCaps Crypto Fear and Greed Index entered the extreme greed zone, indicating that the market may be overbought. This represents a high-risk time for new buyers to enter the market, as a selloff is necessary to restore balance.

Meanwhile, crypto funding rates recently reached a local high. This indicates significantly more long orders than short orders in the market, causing bulls to pay a premium to rebalance.

High funding rates are often followed by a flush, where futures positions are forcibly closed, causing prices to cascade in the opposite direction.

This was highlighted by the analyst Mister Crypto, who suggested that Bitcoins high funding rates were signaling a top.

In the analysis, Mister Crypto noted that Bitcoins price retraced by 20% each time its funding rates reached their recent levels.

Given Bitcoin has pulled back less than 5% so far, this could indicate a much deeper correction is imminent.

Meanwhile, prominent X commentator MrChief predicts that the market will pullback enough to stop out early buyers & get bears super excited then reverse back up.

However, other analysts believe the crypto market may be poised for a longer-term pullback. One is RektCapital, who referenced earlier market cycles price action to suggest that the Bitcoin Pre-Halving top may be very close.

That said, the Bitcoin halving is just 137 days away and spot Bitcoin ETFs are on the cusp of approval by the Securities and Exchange Commission (SEC). As such, the market looks poised for a solid mid-term trajectory.

Even so, market participants seeking growth appear to be considering Bitcoin ETF Token whose presale is in progress.

Bitcoin ETF Token has raised almost $3.5 million in one month. The project features multiple use cases, rewarding holders as the SEC approves spot Bitcoin ETFs.

The project features a deflationary mechanism. 25% of its supply is reserved to be burned across five Bitcoin ETF milestones.

Additionally, there is a 5% burn tax on transactions, reducing by 1% at each target.

These scarcity-focused features, combined with the anticipated $1 trillion in liquidity entering the crypto market from the Bitcoin ETFs, could support Bitcoin ETF Token.

Further supporting this is the projects current early stage and low market cap at launch of just $12.39 million.

Bitcoin ETF Token also has a staking mechanism, offering a 79% APY. Even so, this will decrease as more tokens are staked, incentivizing buyers to get in early to maximize their gains.

The project also offers a Bitcoin ETF Alerts service. This is a news feed that pulls latest Bitcoin updates from around the web into one place. The feature aims to foster a more active and engaged community.

Visit Bitcoin ETF Token Presale

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Bitcoin and Ethereum prices cool off, traders bullish on this altcoin - crypto.news

Ethereums Future: Will Ethereum Recover? – NewsBTC

December 13, 2023 | Author: admin

In this exploration, we tackle the critical question: Will Ethereum recover? Well look at Ethereums future and analyze ETHs present market status, potential for resurgence, the anticipated impact of the progress on Ethereum 2.0, and share expert price predictions.

The question Will Ethereum recover? depends on numerous factors. As of November 2023, Ethereum has shown signs of rebounding from its 2022 lows, suggesting a potential bottoming out. Key developments like the transition to Proof-of-Stake and the introduction of EIP (Ethereum Improvement Proposal) 1559, launched all the way back in August 2021, which brings deflationary pressure on Ethereums supply, making it a more attractive investment.

Additionally, Layer 2 (L2) technologies are enhancing Ethereums scalability, addressing previous challenges of high transaction fees and slow speeds. Ethereums dominance in the smart contracts sector and its substantial role in the decentralized finance ecosystem further strengthen its recovery prospects. However, predicting the exact trajectory of Ethereums recovery remains complex, with varying forecasts suggesting both potential ups and downs in the near future.

These ten factors could be crucial for answering the question Will Ethereum recover?:

Ethereums development roadmap includes significant upgrades like Proto-Danksharding, also known as EIP-4844, and Full Danksharding, which could greatly impact its scalability and functionality. The successful implementation of these upgrades can boost confidence in the network and the Ethereums future price.

Regulatory decisions, such as the approval of a spot Ethereum Exchange Traded Fund (ETF) in the United States by the Securities and Exchange Commission (SEC), can have a substantial impact on Ethereums status as a digital asset. BlackRock filed for a spot ETH ETF in mid-November 2023.

Ethereums performance is closely tied to the broader cryptocurrency market. A general uptrend in the crypto market, catalyzed by events like the Bitcoin halving, can positively influence Ethereums price.

Ethereums transition to a proof-of-stake (PoS) consensus mechanism includes a mechanism called EIP-1559, which introduces a fee-burning mechanism. The more ETH is burned in transactions, the scarcer it becomes, potentially increasing its value.

The adoption and success of Ethereum layer-2 scaling solutions, such as Optimistic Rollups and zk-Rollups, can significantly improve the networks scalability and reduce transaction fees. This could attract more users and developers.

Ethereums ecosystem heavily relies on DeFi (Decentralized Finance) and NFT (Non-Fungible Token) applications. Increased adoption and activity in these sectors can drive demand for ETH and positively impact its price.

Ethereum faces competition from other blockchain platforms like Solana and Cardano. The success or failure of these competitors can affect Ethereums market position.

Economic events, such as inflation, monetary policy decisions, and global financial crises, can influence investors choices. Cryptocurrencies like Ethereum are sometimes seen as a hedge against traditional financial instability.

The security of the Ethereum network is crucial. High-profile hacks or vulnerabilities can undermine trust in the platform and lead to price declines.

The growth of the Ethereum ecosystem, including the number of dApps, users, and developers, can affect its adoption and value.

Ethereums burn rate is a key aspect of its economics, influencing both its supply dynamics and long-term valuation. To grasp the Ethereum burn introduced with EIP-1559, examining the latest data and understanding how this mechanism operates within the Ethereum ecosystem is crucial.

EIP-1559 was a proposal that fundamentally restructured Ethereums fee market. Before this proposal, miners received the entire transaction fee. With activation on August 5, 2021, EIP-1559 introduced a base fee for transactions, which is burned (permanently removed from circulation), and only an optional tip is given to miners. This mechanism aims to make transaction fees more predictable and the network more efficient.

The ultra sound money meme emerged from the community in response to EIP-1559. It plays on the concept of sound money, a term traditionally used to describe money that is not prone to depreciation and is a reliable store of value, like gold.

With EIP-1559, Ethereums supply becomes more predictable and potentially deflationaryif the amount of ETH burned exceeds the new ETH issued, the total supply will decrease over time, hence the term ultra sound money. This is seen as an enhancement over sound money, with Ethereum not just maintaining its value but potentially increasing it due to the decreasing supply.

The attached chart underscores the impact of these changes on Ethereums supply, especially post-EIP-1559, where the supply curve starts to flatten, suggesting a reduction in the growth of Ethereums total supply. This aligns with the concept of Ethereum becoming a deflationary asset post-EIP-1559, contributing to the narrative that Ethereums future could be as an ultra sound form of money.

On November 17, 2023, the Ethereum supply stood at 88 million ETH in accounts, 3.7 million ETH in contracts, and 28.5 million ETH in validators, totaling 120.3 million ETH. The dotted line indicates Ethereums future decrease in total supply due to the burning of ETH and the issuance changes post-Merge. The chart projects that the ETH supply will shrink to 117.7 million ETH in November 2025.

In the realm of cryptocurrency, technical analysis serves as a navigational tool to gauge market sentiment and potential price movements. Examining the 1-week ETH/USD chart provides insight into Ethereums price action and helps address the burning question: will Ethereum recover?

The chart showcases several Fibonacci retracement levels, which are crucial in identifying potential support and resistance zones based on previous price movements. Here are the key Fibonacci retracement levels highlighted:

The chart shows a black ascending trend line, tracing the lows and signifying a potential area of support that Ethereums price could respect. If the price maintains above this line, it may indicate continued bullish sentiment.The red box, or resistance zone, around the Year-To-Date (YTD) high at $2,137 underscores a region where sellers have previously entered the market. Overcoming this zone is critical for Ethereum to continue its upward trajectory.

The Relative Strength Index (RSI), sitting at 48.07, shows Ethereum is neither in the overbought nor oversold territory. This indicates a neutral momentum, which could precede a move in either direction.

While the chart presents strong arguments for an Ethereum bull run, with ETH price sustaining above critical support levels and challenging notable resistance zones, the future price action will depend on how the market interacts with these technical indicators. If Ethereum can break through the resistance encapsulated by the YTD high, we could see an affirmative answer to Will Ethereum recover? However, it is imperative for investors to monitor these levels closely, as they serve as a roadmap, not a crystal ball.

Tony The Bull Severino, NewsBTCs Head of Research, has provided an in-depth analysis of Ethereums market behavior in his latest edition of Coin Chartist. He observes, Ethereum has yet to begin trending with a reading above 20 on the ADX, nor has it broken above the upper Bollinger Band. But these signals are likely coming soon. This suggests Ethereums significant uptrend might be on the horizon.

Comparing Ethereum with Bitcoin, Severino notes, ETHUSD is much lower within the Ichimoku Cloud than BTCUSD, indicating Ethereum is currently lagging behind Bitcoin. However, he anticipates Ethereum will soon switch to over-performance.

Highlighting a positive development, Severino states, ETHUSD 1W was finally able to crack above its TDST downtrend resistance. Yet, Ethereum needs to form a perfected TD9 series for further bullish confirmation. On the monthly chart, Ethereums overbought status on the Stochastic indicator suggests a strong trend, as Severino points out, Each time the Stochastic has confirmed a 1M above 80 on the Stock, there was a massive push higher.

Looking ahead, Severino underscores the importance of Ethereums performance against Bitcoin, But if ETHBTC can push back above 20 this will generate a buy signal on the 1M Stochastic and kickstart Ethers over-performance above Bitcoin. This analysis provides a detailed perspective on Ethereums potential future trajectory in the crypto market.

The continuous evolution of Ethereum through its 2.0 upgrades sets the stage for an optimistic price prediction. As the network becomes more scalable, secure, and sustainable, the intrinsic value of Ethereum is likely to increase.

The successful completion of the Shanghai/Capella upgrade, which introduced staking, is already a significant milestone that demonstrates the networks commitment to its roadmap. Such advancements are expected to reinforce investor confidence and could catalyze a bullish outlook for Ethereums future price.

Ethereum 2.0 represents a series of upgrades aimed at improving the networks scalability, security, and sustainability. Contrary to the previous term ETH2, the roadmap is now defined by more specific upgrade milestones:

The Merge: This critical upgrade on September 15, 2022 marked Ethereums transition from proof-of-work (PoW) to proof-of-stake (PoS) and was a foundational step in the Ethereum 2.0 roadmap, eliminating the need for energy-intensive mining.

Another key feature, staking withdrawals has already been enabled with the Shanghai/Capella upgrade, which went live on April 12, 2023

The Ethereum community has replaced the term Ethereum 2.0 with more specific names for each upgrade, providing clearer insight into the networks transition and improvements. These upgrades aim to turn Ethereum into a fully scaled, resilient platform, capable of supporting a global decentralized application system. As implementation of these phases progresses, Ethereums growing appeal as an investment could positively influence its price predictions.

EIP-4844 introduces shard blob transactions to enhance Ethereums data availability in a way that aligns with future full sharding plans. This proposal creates a new transaction format containing blobs large data segments essential for rollups, a Layer 2 solution, but inaccessible for EVM execution. It serves as a temporary scaling solution, bridging the gap until full sharding implementation.

Notably, rollups have become increasingly important for scaling Ethereum, as they offer a way to execute transactions outside the main Ethereum chain (Layer 1) and then post the data back to Layer 1. EIP-4844s format is expected to greatly reduce transaction fees for rollups by offering a cheaper data storage mechanism compared to current methods.

Full Danksharding, which advances from Proto-Danksharding, will likely further reduce costs for Layer 2 rollups. It introduces blobs in a format slated for use in the final sharding design. This includes a new transaction type and an independent fee market for these blobs.

Full Danksharding will build on Proto-Danksharding and aims to further cut Layer 2 rollups costs. It will comprehensively implement data availability sampling and essential components for a fully sharded Ethereum network, including proposer-builder separation and proof of custody. This approach aims to assign only a portion of the data to validators, reducing the networks load and enhancing scalability.

As Ethereum continues to progress with its 2.0 upgrades, the financial community has been actively speculating on its future value. Here are some Ethereum price predictions from renowned institutions and analysts, answering the question will Ethereum recover:

VanEck: The investment management firm predicts that Ethereums price could reach as high as $11.8k by 2030. This projection is based on their assessment that Ethereums network revenues could rise from $2.6 billion to $51 billion in 2030, assuming Ethereum captures a 70% market share among smart contract platforms.

Standard Chartered: Analysts at Standard Chartered are bullish on Ethereums long-term potential. They forecast that the price of ETH could hit $4,000 by the end of 2024 and double to $8,000 by the end of 2026. Their Ethereum bull run prediction is based on Ethereums established dominance in smart contract platforms and the potential for emerging uses in areas like gaming and tokenization. Moreover, they suggest that the upcoming Bitcoin halving in April 2024 could positively impact the broader crypto market, especially Ethereum.

Also, the potential approval of a spot Ethereum ETF in the US could significantly impact Ethereums price. BlackRock, the worlds largest asset manager, filed for a spot Ethereum ETF in mid-November 2023. The approval of this ETF would mark a major milestone for Ethereum, potentially attracting more institutional and retail investments and substantially boosting Ethereums market price.

Ethereums recovery depends on various factors including market trends, technological advancements, and broader economic conditions. With ongoing upgrades like Ethereum 2.0, many analysts remain optimistic about its long-term potential.

Many market experts predict Ethereum will go back up. They are citing improvements from Ethereum 2.0 and increasing adoption in DeFi, NFTs and traditional finance.

Ethereum is transitioning to a more scalable, secure, and sustainable network with Ethereum 2.0. This is potentially leading to increased adoption and value.

The Ethereum burn, introduced in EIP-1559, permanently destroys a part of transaction fees, potentially creating deflationary pressure on Ethereums supply.

Current market predictions and the development roadmap suggest potential for Ethereums price to increase. But the exact trajectory will depend on multiple factors.

As of the latest available data, the Ethereum network has burned 0.2 million ETH tokens since implementing EIP-1559. The burn rate dynamically adjusts based on network activity.

The start of a bull run for Ethereum is speculative. It depends on market cycles, investor sentiment, and significant catalysts like upgrades and regulatory developments.

Market volatility is inherent to cryptocurrencies. While Ethereum may experience downturns, its fundamental development aims to mitigate such risks and foster growth.

Various predictions exist, ranging from moderate increases to high valuations by 2030. Standard Chartered predicts $8,000 per ETH by the end of 2026.

The general consensus among many analysts is positive. The value of Ethereum is expected to rise as it develops and becomes more widespread in the blockchain sector.

Featured image from Shutterstock, charts from TradingView.com

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Ethereums Future: Will Ethereum Recover? - NewsBTC

SSV.Network Debuts Permissionless Ethereum Staking with DVT Integration – FinanceFeeds

December 13, 2023 | Author: admin

Marking an important shift in ETH staking, SSV.Networks recent transition to a permissionless model through its Distributed Validator Technology (DVT) paves the way for a more inclusive, secure, and decentralized Ethereum staking ecosystem.

SSV.Network, focusing on Ethereum Distributed Validator Technology (DVT) staking infrastructure, has made strides with its recent permissionless launch. This development marks an advancement in ETH staking, enhancing security for Ethereum validators and contributing to network decentralization.

This launch, a culmination of three years of dedicated development, makes staking more inclusive for participants. It symbolizes a unifying moment for the Ethereum staking community, highlighting the diverse applications enabled by DVT. SSV Networks approach lowers the entry barriers to Ethereum staking, providing a comprehensive and open infrastructure that facilitates building, staking, and operating nodes without collateral.

The shift to a permissionless model allows public validators and node operators to engage with this pioneering DVT infrastructure. This openness encourages wider participation in Ethereums network health. To mark this occasion, the SSV Core Team will organize an online event to educate and invite participation.

To foster DVT adoption, the SSV DAO has introduced a year-long incentive program. This initiative, backed by 1 million $SSV (valued at around $25 million), rewards users for registering validators on the network. The program extends to those staking on SSV.Network and other services integrating DVT infrastructure, offering additional rewards for node operators across different protocols.

DVTs role is pivotal in decentralizing ETH validators and, by extension, the Ethereum network. It promotes client and location diversity and infrastructure variety, enhancing uptime and rewards. SSV.Networks implementation further solidifies the Ethereum ecosystem, facilitating various staking scenarios.

SSV.Network began its phased launch in September 2023 with selected node operators. After ensuring network stability and completing audits, a wider rollout ensued, emphasizing security and extensive testing before achieving full permissionless status. The Ethereum community can now leverage SSVs open, community-owned protocol for staking, application development, and operating nodes.

Within two months, SSV.Network saw over $160M staked by 74 node operators, and more than 2,200 validators adopted its DVT infrastructure. The permissionless launch is set to boost the diversity of node operators and total value locked, positioning the protocol as a leading solution for Ethereum staking.

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SSV.Network Debuts Permissionless Ethereum Staking with DVT Integration - FinanceFeeds

3 Cryptos to Own Before Bitcoin ETF Approval: Ethereum (ETH), Retik Finance (RETIK), Shiba Inu (SHIB) – Analytics Insight

December 13, 2023 | Author: admin

Ethereum (ETH), Retik Finance (RETIK), and Shiba Inu (SHIB) are the three cryptocurrencies that stand out as noteworthy choices before the expected Bitcoin ETF approval.

Ethereum, renowned for its smart contract capabilities, is poised to benefit from the growing adoption of decentralized applications (DApps) and the upcoming Ethereum 2.0 upgrade, enhancing scalability.

Retik Finance stands out for bridging the gap between traditional finance and crypto, offering advanced bridging systems, DeFi debit cards, and a comprehensive wallet. Its recent presale success and a $333K Mega Giveaway event indicate early investor confidence.

Shiba Inu, born from the meme coin craze, has evolved into a substantial player with a dedicated community.

Ethereum, often referred to as the king of altcoins, has long been a dominant force in the cryptocurrency space. Beyond its role as a digital currency, Ethereum is a decentralized platform that facilitates smart contract functionality, enabling the creation of decentralized applications (DApps) and decentralized autonomous organizations (DAOs).

Ethereums smart contract capabilities have made it a cornerstone of decentralized finance (DeFi) and non-fungible tokens (NFTs). With the rising adoption of these applications, Ethereum stands to benefit significantly.

The transition to Ethereum 2.0, a proof-of-stake consensus mechanism, is expected to enhance scalability and sustainability, potentially attracting more investors. Ethereum has garnered attention from institutional investors, signaling growing confidence in its long-term potential.

Retik Finance takes a pragmatic approach, focusing on bridging the gap between cryptocurrency and traditional finance. Through innovative solutions like advanced bridging systems, DeFi debit cards, and a comprehensive wallet, Retik Finance positions itself as a multifaceted crypto project in the evolving financial landscape.

Retik Finances advanced crypto-fiat bridging systems provide swift, secure, and scalable global payment solutions, emphasizing integration with traditional financial structures.

The platforms DeFi debit cards offer users unparalleled versatility, serving as a direct link to digital wallets and facilitating seamless conversions of crypto funds into fiat currency during transactions.

Retik Finances recent presale success, raising an impressive $600K within five days, and the announcement of a $333,000 Mega Giveaway event indicate early investor confidence and the potential for sustained growth.

Shiba Inu, born out of the meme coin craze, has evolved beyond its origins to become a substantial player in the cryptocurrency market. With a dedicated community and real-world use cases, SHIB continues to capture attention.

SHIBs remarkable ascent is largely attributed to its robust and passionate community. The active engagement of its members has played a pivotal role in driving the projects growth.

Operating on the Ethereum blockchain, SHIB leverages the power of smart contracts and distributed ledger technology, ensuring transparency, security, and immutability.

Recent developments, such as the completion of Shibariums first hard fork, showcase ongoing efforts to enhance token burns and introduce innovative features, potentially influencing the tokens price.

Moreover, investing in Ethereum (ETH), Retik Finance (RETIK), and Shiba Inu (SHIB) before the potential approval of a Bitcoin ETF presents a diversified strategy. Ethereums foundational role, Retik Finances innovative solutions, and Shiba Inus community-driven success each contribute unique elements to a well-rounded cryptocurrency portfolio.

Retik Finance (RETIK) is a cutting-edge decentralized finance (DeFi) project revolutionizing global transactions with its innovative suite of financial solutions. Introducing futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet.

Click Here To Take Part In Retik Finance Presale

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com/

Linktree: https://linktr.ee/retikfinance

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