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Curious about Cardano staking and how it can benefit you financially? In this guide, we will explore the ins and outs of Cardano staking, including how it works and the advantages it offers. What is a Cardano Staking Tax Calculator? Earning passive income and engaging in governance are among the many reasons to explore staking Cardano. Understanding the potential risks, including fund loss and network attacks, is crucial. We will explore the tax implications of staking Cardano, focusing on capital gains tax and the taxation of rewards. Stay tuned to learn how to calculate your staking taxes and ensure compliance with tax laws in your country. Key Takeaways: Staking Cardano allows you to earn passive income and participate in network governance. However, there are risks such as the potential for network attacks and loss of funds due to technical issues. It is important to understand the tax implications of staking, including capital gains tax and how staking rewards are taxed in your country. What Is Cardano Staking? Cardano staking is the process of participating in the network’s Proof of Stake (PoS) consensus mechanism to earn staking rewards by delegating ADA tokens to a stake pool. Unlike traditional mining that relies on computational power to validate transactions and secure the network, Cardano staking operates on a more eco-friendly and energy-efficient model. By staking ADA tokens, participants help maintain the blockchain’s security and decentralization, contributing to the overall stability and efficiency of the Cardano network. Staking pools play a crucial role in Cardano’s ecosystem by allowing multiple token holders to combine their resources and collectively participate in the staking process. This collaborative approach enhances the chances of earning rewards and ensures a more consistent flow of staking returns for individuals with smaller amounts of ADA. How Does Staking Work? Staking in Cardano involves actively participating in the network’s block creation and validation process by holding ADA tokens in a wallet and delegating them to a stake pool. When a user decides to stake their ADA, they are essentially committing their tokens to support the Cardano blockchain’s operations. By doing so, they help validate transactions and secure the network. Stakers play a crucial role in the decentralization of Cardano, as the more tokens staked, the more secure and decentralized the network becomes. Stake pools serve as the intermediaries that manage the technical aspects of staking for individuals who may not have the resources or knowledge to run a node independently. These pools combine the staking power of multiple participants, increasing the chances of being chosen to create or validate blocks and earn rewards. What Are the Benefits of Staking Cardano? Staking Cardano offers several benefits, including the opportunity to earn passive income through staking rewards, contribute to network security, and participate in governance decisions. One primary advantage of staking Cardano is the financial incentive it provides. By actively participating in the staking process, users have the potential to generate additional income through earned rewards. This can be a valuable source of passive earnings while also supporting the decentralized network’s security. Cardano’s emphasis on network stability ensures a robust and reliable platform for staking. This stability not only safeguards assets but also enhances the overall user experience, instilling confidence in stakeholders to continue staking and actively engaging with the ecosystem. Staking Cardano fosters community involvement by allowing users to partake in governance decisions. This inclusivity gives the power to members to have a say in the network’s future developments, promoting a sense of ownership and collaborative participation within the Cardano ecosystem. Earn Passive Income One of the primary benefits of staking Cardano is the ability to earn passive income through staking rewards, which are distributed periodically based on the amount of ADA staked. When staking Cardano, individuals essentially contribute their ADA tokens to the network to support its operations. As a staker, understanding how to calculate potential earnings becomes crucial. This is where a Cardano staking calculator comes into play, providing an estimation of the rewards one can expect based on factors like stake pool performance and delegation choices. By inputting the relevant data, stakers can forecast their returns, helping them make informed decisions about their staking strategy. Help Secure the Network By participating in Cardano staking, individuals contribute to the network’s security and decentralization, helping to protect against potential threats and attacks. Stakers play a crucial role in verifying transactions, maintaining consensus, and essentially acting as the backbone of the Cardano blockchain. Their participation ensures the integrity and reliability of the network, as they are incentivized to act honestly and in the best interest of the ecosystem. Staking does come with its set of risks, as with any form of participation in a decentralized system. Technical vulnerabilities such as smart contract bugs, network protocol weaknesses, or potential attacks on the underlying infrastructure can pose challenges for stakers. Despite these risks, staking is essential for fortifying the Cardano blockchain. It helps to create a secure, efficient, and transparent network that can support a wide range of decentralized applications. Participate in Governance Staking Cardano not only provides financial rewards but also allows stakeholders to participate in governance decisions, shaping the future development of the network through decentralized decision-making. One of the key aspects of Cardano’s governance model is the concept of on-chain governance, where ADA holders have the power to propose and vote on changes to the network. This system gives power to the community, ensuring that decisions are made transparently and inclusively. The voting rights of stakers are directly tied to the amount of ADA they hold and stake, giving greater influence to those with more significant stakes in the network. Community involvement is crucial for the success of Cardano, as active participation from stakeholders drives the evolution of the network and the implementation of upgrades and protocol changes. What Are the Risks of Staking Cardano? While Cardano staking offers lucrative rewards, there are inherent risks such as potential loss of funds due to technical vulnerabilities and the risk of network attacks compromising staked assets. Staking in the Cardano network, although potentially profitable, comes with its set of challenges. Fund security concerns loom large as hackers are constantly devising new ways to breach systems and access digital assets. Technical glitches could lead to unexpected losses, causing investors to rethink their staking strategies. Network vulnerabilities expose staked assets to potential threats, making it essential for participants to stay vigilant and implement robust security measures to safeguard their investments in the ever-evolving digital landscape. Loss of Funds Due to Technical Issues One of the risks of Cardano staking is the potential loss of funds due to technical glitches, software bugs, or operational failures that may impact the staked ADA tokens. These technical risks can stem from various sources, such as network congestion, synchronization issues, or even malicious attacks targeting the Cardano blockchain infrastructure. For instance, a software bug in the staking protocol could lead to unintended consequences, like double-spending or unauthorized access to staked funds. To safeguard against these vulnerabilities, stakeholders must stay vigilant, keep their software up-to-date, and diversify their staking strategies to minimize exposure. Engaging actively with the Cardano community and staying informed about the latest developments can also provide valuable insights into potential risks and protective measures. Potential for Network Attacks Stakers in Cardano face the risk of network attacks, including 51% attacks and other cyber threats that could undermine the security of the blockchain and jeopardize staking rewards. 51% attacks involve a malicious actor controlling a majority of the network’s mining power, enabling them to manipulate transactions, double-spend coins, or exclude certain transactions. Distributed denial-of-service (DDoS) attacks can disrupt network operations by overwhelming servers with excessive traffic, leading to downtime and financial losses for stakers. To mitigate these risks, stakers can enhance their security posture by using secure hardware wallets, employing multi-factor authentication, and staying informed about the latest cyber threat trends. What Is the Tax Implication of Staking Cardano? The tax implications of staking Cardano involve reporting staking rewards as taxable income, understanding capital gains tax on ADA holdings, and complying with IRS regulations for cryptocurrency transactions. When stakers earn rewards through participating in the Cardano network, these rewards are considered income by the IRS and must be reported on tax returns. The taxation of staking rewards is similar to how other forms of income are taxed, based on the applicable tax bracket. Stakers should be aware of the capital gains tax implications when they sell their ADA holdings. If the ADA has increased in value since the acquisition, any profit made from the sale will be subject to capital gains tax. According to the IRS guidelines, all cryptocurrency transactions, including staking, must be reported accurately to ensure compliance and avoid potential penalties. Understanding Capital Gains Tax Stakers must comprehend the concept of capital gains tax when staking Cardano, as the appreciation in ADA value upon disposal or exchange is subject to taxation as a capital gain. Capital gains tax is a form of tax imposed on the profits generated from the sale or exchange of assets, including cryptocurrencies like ADA. When stakers engage in staking activities and later sell or trade their ADA tokens, any profit realized from the initial investment is considered a taxable gain. Understanding how to calculate these gains accurately is crucial for staying compliant with tax regulations. How Staking Rewards Are Taxed Staking rewards from Cardano are considered taxable income, and stakers are required to report such earnings accurately on their tax forms, leveraging crypto tax software like Coinpanda or TokenTax for comprehensive tax reporting. Proper documentation is crucial when it comes to reporting staking rewards income. The Internal Revenue Service (IRS) requires individuals to maintain records of their Cardano staking activities to provide transparent and accurate information during tax filing. By keeping detailed records of transaction history, earnings, and rewards, stakers can ensure compliance with tax regulations. Utilizing specialized crypto tax software not only simplifies the process but also offers efficiency in calculating taxes on staking income. These platforms provide tools to automatically track transactions, gains, and losses, making it easier for stakers to generate tax reports that adhere to IRS standards. What Are the Tax Laws for Staking Cardano in Your Country? The tax laws governing Cardano staking vary by country, with specific regulations applicable to US taxpayers, necessitating proper tax reporting and compliance with local financial authorities. For US taxpayers engaging in Cardano staking, additional tax implications come into play. The Internal Revenue Service (IRS) treats staking rewards as taxable income, whether received in ADA or any other form of cryptocurrency. This means accurate record-keeping is crucial to ensure proper reporting of staking rewards on annual tax returns. Failure to report these earnings could result in penalties or legal consequences. The complexity of crypto tax laws can be daunting, especially for those new to the space. Seeking guidance from a tax professional or accountant with experience in cryptocurrency taxation is highly recommended to navigate the intricate regulations effectively. How to Calculate Your Staking Taxes? Calculating your staking taxes involves tracking staking rewards, documenting capital gains, and seeking advice from a tax professional for accurate tax calculations and compliance with IRS guidelines. In terms of tracking staking rewards, it’s crucial to maintain detailed records of all transactions related to your Cardano staking activities. This includes the rewards earned, the date they were received, and the market value at the time of receipt. Properly documenting your capital gains involves calculating the difference between the purchase price and the selling price of your staked assets. Consulting a tax professional is highly recommended as they can help navigate the complexities of cryptocurrency taxation and provide tailored advice based on your circumstances. Ensuring that you accurately report your staking taxes is essential to avoid any potential issues with the IRS and stay compliant with tax regulations. Keep Track of Your Staking Rewards Stakers should maintain detailed records of their staking rewards, monitor wallet balances, and utilize tools like ADA stake calculators to track earnings accurately for tax calculation purposes. Tracking staking rewards is crucial not only for maintaining financial records but also for accurate tax reporting. By documenting earnings from staking activities, stakers can ensure compliance with tax laws and regulations. Utilizing ADA stake calculators can simplify the process of calculating taxable income from staking rewards. These tools automatically factor in variables like delegation preferences, rewards distribution, and current market values to provide precise results. Regularly updating wallet balances is essential for accurate financial tracking. Keeping an eye on incoming rewards and outgoing transactions helps stakers understand their overall financial standing and make informed decisions. Calculate Your Capital Gains Calculating capital gains from staking activities in Cardano involves assessing the value appreciation of ADA tokens, considering internal transfers within wallets, and using tools like Cardano calculators for accurate calculations. When assessing the value appreciation of ADA tokens, stakers need to account for the initial purchase price of the tokens, any additional tokens acquired through staking rewards or purchases, and the selling price at the time of the trade. Internal transfers within wallets can complicate these calculations, as movements between different wallet addresses can impact the cost basis of ADA tokens. It’s crucial to accurately track all transfers to ensure precise tax reporting. Cardano calculators provide stakers with the ability to input specific data related to their staking activities, such as the amount staked, rewards received, and any fees paid. These calculators then generate detailed reports on capital gains, making the tax filing process smoother and more efficient. Consult a Tax Professional Seeking advice from a tax professional is crucial for Cardano stakers to ensure compliance with IRS guidelines, accurately report staking rewards, and leverage staking rewards calculators for precise tax calculations. Staking rewards from Cardano are considered taxable income by the IRS, making it essential for stakers to understand their tax obligations and liabilities. By consulting tax experts, stakers can navigate complex tax laws and maximize tax efficiency. Accurate reporting of staking rewards is vital to avoid potential audit risks or penalties. Staking rewards calculators help in estimating tax liabilities, deductions, and credits, providing stakers with a clear picture of their tax responsibilities. Frequently Asked Questions What is a Cardano Staking Tax Calculator? A Cardano Staking Tax Calculator is a tool that helps individuals calculate their potential tax liabilities from staking Cardano (ADA) cryptocurrency. It takes into account factors such as the current tax laws and staking rewards to give an accurate estimation of the taxes owed. Do I have to pay taxes on Cardano staking rewards? Yes, as with any cryptocurrency earnings, staking rewards from Cardano are subject to taxation. The amount of taxes owed will depend on your tax situation and the laws in your country. How accurate are Cardano Staking Tax Calculators? Cardano Staking Tax Calculators use the most up-to-date tax laws and staking reward data to give an accurate estimation of taxes owed. However, it is always recommended to consult a tax professional for personalized tax advice. What information do I need to use a Cardano Staking Tax Calculator? To use a Cardano Staking Tax Calculator, you will need to know the amount of ADA staked, the current market value of ADA, and the staking rewards earned during the tax year. Can I use a Cardano Staking Tax Calculator for other cryptocurrencies? No, Cardano Staking Tax Calculators are specifically designed for calculating taxes on staking rewards from Cardano (ADA) cryptocurrency. They may not give accurate results for other cryptocurrencies. Are there any fees for using a Cardano Staking Tax Calculator? Most Cardano Staking Tax Calculators are free to use, but some may have a small fee for additional features or support. It is important to research and choose a reputable and reliable calculator before using it. Go to top This notice states that the information provided is not an offer or solicitation to buy or sell securities, and its accuracy or completeness is not guaranteed. The authors may own the discussed cryptocurrency. The content, which is subject to change, is for informational purposes only and should not be considered investment, tax, legal, or accounting advice. Readers are advised to consult professional advisors before any transaction. Visionary Financial does not endorse the content and was not compensated for this article. Please review their privacy policy, disclaimer, and terms and conditions for more details. The post Cardano Staking Tax Calculator – What You Need To Know appeared first on Visionary Financial.

10 days ago
CryptoPotato
CryptoPotato
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To crack down on fraudulent activities and safeguard consumer interests, the Federal Communications Commission (FCC) has officially prohibited using artificial intelligence-generated voices in unwarranted robocalls across the United States. This move follows an incident where New Hampshire residents received fabricated voice messages mimicking U.S. President Joe Biden, advising against participation in the state’s primary election. FCC Extends TCPA Protections The ban, implemented under the Telephone Consumer Protection Act (TCPA), represents a step towards curbing the proliferation of robocall scams. FCC Chairwoman Jessica Rosenworcel stated, “Bad actors are using AI-generated voices in unsolicited robocalls to extort vulnerable family members, imitate celebrities, and misinform voters. We’re putting the fraudsters behind these robocalls on notice.” Robocall scams, already outlawed under the TCPA, rely on sophisticated AI technology to mimic voices and deceive unsuspecting recipients. The latest ruling extends the prohibition to cover “voice cloning technology,” effectively stopping an essential tool used by scammers in fraudulent schemes. We’re proud to join in this effort to protect consumers from AI-generated robocalls with a cease-and-desist letter sent to the Texas-based company in question. https://t.co/qFtpf7eR2X https://t.co/ki2hVhH9Fv — The FCC (@FCC) February 7, 2024 The TCPA aims to protect consumers from intrusive communications and “junk calls” by imposing restrictions on telemarketing practices, including using artificial or pre-recorded voice messages. In a statement, the FCC emphasized the potential for such technology to spread misinformation by impersonating authoritative figures. While law enforcement agencies have traditionally targeted the outcomes of fraudulent robocalls, the new ruling empowers them to prosecute offenders solely for using AI to fabricate voices in such communications. Texas Firm Linked to Biden Robocall In a related development, authorities have traced a recent high-profile robocall incident imitating President Joe Biden’s voice back to a Texas-based firm named Life Corporation and an individual identified as Walter Monk. Attorney General Mayes has since sent a warning letter to the company. “Using AI to impersonate the President and lie to voters is beyond unacceptable,” said Mayes. She also emphasized that deceptive practices like this have no place in their democracy and would only further diminish public trust in the electoral process. I stand with 50 attorneys general in pushing back against a company that allegedly used AI to impersonate the President in scam robocalls ahead of the New Hampshire primary. Deceptive practices such as this have no place in our democracy. https://t.co/CqucNaEQGn pic.twitter.com/ql4FQzutdl — AZ Attorney General Kris Mayes (@AZAGMayes) February 8, 2024 Attorney General John Formella has also confirmed that a cease-and-desist letter has been issued to the company, and a criminal investigation is underway. “We are committed to keeping our elections free and fair,” asserted Attorney General Formella during a press conference in Concord, New Hampshire. He condemned the robocall as an attempt to exploit AI technology to undermine the democratic process, vowing to pursue strict legal measures against perpetrators. The robocall, circulated on January 21 to thousands of Democratic voters, urged recipients to abstain from voting in the primary election to preserve their votes for the subsequent November election. The post US Bans AI-Generated Voices Used in Scam Robocalls After Biden Impersonation Frauds appeared first on CryptoPotato.

11 days ago
Learn_With_Fullo
Learn_With_Fullo
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What is ICE Network?– Ice Network introduces an innovative digital currency project that users can leverage for free through their smartphones. Built upon a reliable community growing in numbers, Ice Network aims to demonstrate the enduring value of digital currencies, showcasing their versatility across various use cases.– Ice Network operates on a decentralized governance model, where every user holds the right to influence the network's development direction, and validators possess decentralized voting power.– Ice Network also incorporates various novel features such as Mining, Slashing, Day-Off, Resurrection, and additional Bonus functionalities based on user activities, bringing a range of new and exciting elements to the platform.According to OKX's latest announcement, this exchange has officially announced the listing of ICE. Product of ICE NetworkDecentralized Digital Identity – IceID: The IceID service serves as the fundamental pillar of ION services, conceived as a secure, private, and self-sovereign tool. It empowers users to engage in meaningful digital interactions and even execute legally binding actions with real-world consequences. ION's approach to decentralizing identity management aims to grant users accelerated control over their personal information, thereby elevating their privacy.Decentralized Social Media – IceConnect: This is a decentralized social networking platform born to solve all the problems of centralized social networking platforms such as: Data Ownership, Censorship, Privacy Concerns, Limited Access Control . Besides, IceConnect also shows a vision of the future of social interactions - decentralized, user-centric and free from unwarranted surveillance and control.Decentralized Proxy & Content Delivery Network – IceNet: IceNet, a breakthrough solution, bridges the spirit of decentralization and the centralized performance that users are familiar with. Based on the powerful foundation of TON Proxy, IceNet introduces advanced functions that prioritize content delivery speed without sacrificing the principles of decentralization. By hosting public content such as images, videos and scripts, IceNet ensures that users experience the agility of a centralized system while still benefiting from the security and transparency of a decentralized network central.Decentralized Storage – IceVault: IceVault is built on TON Storage's powerful architecture, inheriting its distributed file storage capabilities. At its core, TON Storage's design ensures data availability and redundancy by fragmenting files into encrypted chunks and distributing them across a large network of nodes. This sharding process ensures that even if part of the nodes become unavailable, the data remains intact and can be retrieved from the remaining active nodes.Decentralized Database – IceQuery: As applications evolve in complexity and scale, the underlying supporting database must progress accordingly. Traditional database architectures, while robust and well-understood, inherently tend to be centralized, posing numerous challenges in the context of a decentralized world. IceQuery, a decentralized database solution, directly addresses these challenges by providing innovative solutions.Introducing ICE tokensBasic informationAsset name: IceTicker: ICEContract: 0xc335df7c25b72eec661d5aa32a7c2b7b2a1d1874Token AllocationCommunity Mining Allocation (40%): Team Allocation (25%)Community Pool (15%)Treasury Pool (10%)Ecosystem Growth and Innovation Pool (10%)Token Use CaseICE serves as a versatile asset, playing a crucial role in several key functions within the network:Core Functionality: ICE acts as the lifeblood of the ION Blockchain, facilitating smooth transactions, interactions, and operations, ensuring the network's dynamism and efficiency.Governance Participation: ICE holders have the authority to influence the network's future by voting on important proposals and decisions.Staking Mechanism: Users strengthen the network's security by staking ICE earnings, rewards in return, creating a mutually beneficial relationship between users and the network.IceID: A unique identifier system where accrued fees are directed back to ICE stakers, ensuring a continuous reward mechanism.IceConnect: A revenue-sharing model where earnings from IceConnect are fairly distributed among Creators, Consumers, IceConnect nodes, and the Ice Team.IceNet: Nodes in IceNet receive rewards for their services, whether running Proxies or DCDN nodes.IceVault: Acting as the network's storage solution, IceVault nodes are compensated for securely storing user data.IceQuery: Decentralized databases powered by IceQuery nodes ensure that these nodes are rewarded for their pivotal role in maintaining data integrity and accessibility.Development teamAlexandriaru-Iulian Florea is a co-founder of ICE Labs Limited, a company specializing in software development and IT services. He is also the founder and CEO of Online Blockchain Technologies, a company that provides blockchain solutions for businesses and individuals.Additionally, he is a co-founder of Framey, an application that allows users to create and share live videos directly from their phones. Framey received a $1 million investment from Ice Capital #ice_network #dyor

about 1 month ago
koinmilyoner
koinmilyoner
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Innovation, developer engagement, and network scalability are the primary focuses of the plan that was just presented by the Solana Foundation for the year 2024. According to the foundation's statement, "2024 is the year of Solana," with a particular emphasis on the significant milestones that were accomplished and the strategic objectives that were set for the year. "Solana Foundation's State of Developer Ecosystem Report" notes an increase in developer engagement, with over "2,500 active developers committing to open source repositories." Additionally, the report emphasizes an amazing improvement in developer retention, which rose "from 31% to over 50% throughout the previous year." The study included more information about the development of Solana's infrastructure, which achieved a significant level of maturity in 2023 with the implementation of "program frameworks for Rust, Python, and more," in addition to "software development kits (SDKs) available for 10 languages, laying a solid foundation for diverse decentralized application development." The unique GameShift API developed by Solana Labs has been a game-changer. It is a piece of "app-specific tooling" that was created to transform the gaming market on Solana's blockchain. The growth story of the network is supported by on-chain data that was supplied by Messari. The data cites "a remarkable 102% quarter-over-quarter rise in average daily fee payers, amounting to 190,000." Additionally, the data cites "a 65% quarter-over-quarter increase in daily average non-voting transactions, reaching 40.7 million." Additionally, the roadmap reveals impending developments that are set to alter the potential of blockchain technology. To begin, Solana intends to provide "token extensions to enable tokenomics that are more complex and multifaceted." The second thing that will be a priority in 2024 is the introduction of Firedancer, which is a new independent validator client for the Solana blockchain that was designed by Jump Crypto. The goal is to overcome previous flaws in Solana's peer-to-peer interface, as well as to handle a greater number of concurrent transactions, boost network performance, resilience, and efficiency, and do all of these things simultaneously. Specifically, the month of October 2023 saw the launch of Firedancer on the testnet. Runtime v2, which will be developed by Solana Labs and will have the objective of "significantly enhancing the network's performance and developer experience," will be the third priority of the 2024 plan. It is a concurrent transaction processor that handles transactions that have stated data dependencies and explicit dynamic memory allocation. This runtime is responsible for managing transactions. Alterations are introduced that are coordinated by epochs, which in turn affects the behavior of the cluster. In addition, Solana Core has just announced that Runtime version 2 will include support for the Move programming language, which is a significant change. Further reading: Solana Is Positioned to Experience a Major Upside: Following the price breakout, the analyst forecasts a 47% increase. Messages sent out by the Solana Foundation via X reflect the organization's dedication to both innovation and community engagement: The fervent community that we have here in Solana is what makes the ecology that we have here so powerful. We are prepared to speed into the year 2024 and firmly establish Solana as the leading platform for blockchain development thanks to the constant support of the community. A quickening of pace is required. Let's keep progressing and make 2024 the year that Solana is celebrated. A Technical Analysis of the Solana Price Prediction for the Year 2024 Predictions for the year 2024 may be derived from a technical study of the price activity taking place on the weekly chart of the Solana/USD pair. Since the middle of November, the price movement of SOL has been contained inside a parallel uptrend channel, which is suggestive of a steady and persistent rising trajectory. The trajectory of the price movement has been directed by the parallel lines that indicate support and resistance. These lines have provided obvious levels for prospective buy and sell positions. When used from the swing high of about $262 to the swing low of $7.93, the Fibonacci retracement tool reveals critical levels that have the potential to function as barriers or support in the future. The level of 0.236, which is now at $69.59, is a retracement level that was previously acting as resistance but has now become support. The next major price objective for a weekly finish is 0.382 at $107.74, which has been challenged and is the level that has been tested. 0.5 at $138.57: This price level served as a solid support from the beginning of 2021 until the beginning of 2022, but it moved into the position of resistance in April of 2022. 0.618 at a price of $169.41: This level, which is sometimes referred to as the "golden ratio," is essential for determining whether or not a trend will continue. 0.786 at $213.30: If this level is broken, it may indicate that bullish momentum is increasing significantly. 1 at $269.22: The price discovery phase starts as soon as SOL achieves its all-time high on the stock market. Extended Fibonacci levels, such as 1.618 at $430.69 and 2.618 at $691.98, provide aspirational objectives in the event that the uptrend continues during the forecast period. In this case, the price goal would be considered very positive. The fact that the Exponential Moving Averages (EMA) for the 20, 50, 100, and 200 periods are all located below the current price has provided more evidence that the uptrend is going strong. Midway through the month of December, a 'golden cross' occurs when the 50-EMA crosses over the 100-EMA. This is a signal that is often considered to be bullish. Constructive patterns can be found in the trading volume, with more volume being seen on upswings. This is a good indicator that interest in SOL will continue to be maintained. Despite the fact that the momentum is moving in an upward direction, the Relative Strength Index (RSI) is now located around 60, which indicates that there is still opportunity for expansion before reaching overbought conditions being reached. Taking into consideration the fact that the weekly chart exhibits a parallel upward channel, powerful Fibonacci levels, supportive moving averages, and healthy volume and RSI readings, the technical analysis offers a very hopeful picture of the price outlook for Solana in the year 2024. #sol #crypto2024 #solana2024 $SOL

about 1 month ago
Learn_With_Fullo
Learn_With_Fullo
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Cast your vote here before you proceed 👇 Voting pool A crypto trader has warned that Bitcoin (BTC) could soon become out of reach for ordinary retail investors, comparing its potential trajectory to the Berkshire Hathaway shares trading on the New York Stock Exchange (NYSE).Wall Street Flocking To Bitcoin: Lessons From Berkshire Hathaway SharesOn X, Oliver Velez, a crypto analyst and trader, argued that Wall Street’s newfound embrace of Bitcoin could drive prices higher, making it even more expensive for individual investors to purchase. The trader likened this scenario to Berkshire Hathaway shares. Trading at $554,318 according to Google Finance on January 8, these Class A shares are presently out of reach to most investors.Berkshire Hathaway Class A shares | Source: Google FinanceIn the trader’s analysis, BRA shares were Buffett’s “baby” and knowingly zoned off from the ordinary investor because giving them access meant empowering the “wrong group of people.” The analyst claims that Wall Street plans to implement the same “attack” that isolates the masses from Bitcoin, going by the recent turn of events. Wall Street institutions, who have been critical of Bitcoin in the past, are warming up to Bitcoin and crypto. As the market prepares for institutions’ entry, BTC prices are increasing, with more gains expected once a proper vehicle is greenlit by the strict US Securities and Exchange Commission (SEC). Based on Velez’s post, Wall Street will deliberately push Bitcoin higher so it is out of reach from retail investors. This way, they will financially cordon off Bitcoin, making it impossible for ordinary users to gain exposure.With Bitcoin becoming expensive for retailers like Berkshire Hathaway shares, it will be a barrier for users who view it as a potential tool for financial freedom. From the post, the trader believes that buying the coin at spot rates could be a strategy if they want to access financial freedom.BTC Floats Above $45,000: Eyes On The SECThe crypto community remains bullish as Bitcoin prices float higher when writing. The coin is trading above $45,000, shaking off weakness, with news that the SEC could approve a spot in Bitcoin ETF in the next few trading sessions. This product, on authorization, would allow institutional investors to gain exposure to Bitcoin through traditional investment vehicles, potentially driving up demand and further inflating the price.Bitcoin remains bullish, looking at candlestick arrangement. Expanding on January 8, supporters expect the coin to breach $46,000, completely reversing losses of January 3. Bitcoin price trending upward on the daily chart | Source: BTCUSDT on Binance, TradingViewThe race towards $50,000 and even 2021 highs of $69,000 might be accelerated if favorable regulatory developments legitimizing BTC and allowing institutions to buy the asset via regulated channels are approved. #BTC #dyor

about 1 month ago
Crypto Intelligence
Crypto Intelligence
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Investors might have a tough time during a bear market, but these downward cycles are often seen as a great opportunity for innovators to double down and refine their ideas. This is especially apparent in the Web3 industry, where the long and drawn out crypto winter that began at the tail end of 2021 has weeded out many of its flawed projects. Those that are left standing are now primed to usher in some exciting new use cases as the crypto industry looks set for a strong rebound heading into 2024.  As optimism builds over the prospect of a new bull market for crypto, now seems like a great time to take stock of some of Web3’s most exciting new developments.  Distributed Validator Technology  DVT is gaining momentum as a superior approach to blockchain validator security due to the way key management and signing responsibilities are split across multiple parties, increasing the resilience of the network.  With DVT, the private keys used to secure a validator are shared across multiple clusters of computers. This means it becomes exponentially more difficult for hackers to gain access to that private key, as they would have to attack numerous machines separately. Another benefit is that some nodes can go offline, without the validator being affected, as the key signing can be performed by a subset of machines within the larger cluster.  DVT therefore delivers three main benefits to Proof-of-Stake blockchains – it increases security, it means there’s no single point of failure for a validator, and it accelerates decentralization by making it simple to establish numerous independently operated validators.  One of the leading lights in the DVT space is SSV.Network, which provides the significant advantage of allowing validators to remain anonymous, helping to reduce hacking and coercion attempts. SSV makes it much more difficult for cyberattackers to target a specific validator, and simultaneously makes validation much more accessible as users can participate in a node with minimal financial resources.  SVV is tipped to gain substantial momentum in 2024 following the launch of its permissionless mainnet in December. With its launch, anyone can participate in Ethereum’s network by staking a minimal amount of ETH, validating transactions to earn a share of the rewards on offer. The project has gotten off to a great start, with more than $160 million worth of ETH being staked by over 2,200 validators across 74 SVV nodes. Zero-Knowledge Proofs Although ZK-Proofs is a relatively old technology within the Web3 sphere, it’s set to make a big splash in 2024 as it reaches a new level of maturity.  The basic idea of ZK-proofs is that they allow one party in a transaction to prove to a second party that it has specific knowledge regarding the details of that transaction, without revealing any specifics. The technology has profound implications for blockchain as it addresses headaches around the opposing needs for transparency and privacy. With ZK-proofs, it becomes possible for crypto transactions to be verified without anyone knowing the transaction details. This ensures full transaction privacy, while preventing anyone from cheating the system.  ZK-proofs were first popularized by the privacy-focused cryptocurrency ZCash, but the technology is now being used for additional use cases, such as verifiable off-chain computing.  With ZK-proofs we can build a verifiable web that enables users to make informed decisions, because they can verify exactly what the systems they interact with are doing, promoting greater trust. In a blog post, ChainLink cites three main benefits to the verifiable web. First, users will know what they’re getting into because they can proactively verify everything about a system and confirm it won’t change. Second, they’ll be able to understand what is happening within any system by using ZK-proofs to verify any events or data. Third, users can proactively decide if and when they want to leave a system, as the verifiable web clearly defines how to do so.  Several projects are working hard to make the verifiable web a reality. They include Space and Time, a decentralized data warehouse startup that uses ZK-proofs to verify queries against both on- and off-chain data. Space and Time has developed a technology called Proof-of-SQL, which makes it possible to cryptographically secure database queries. In turn, this means smart contracts now have a way to verify off-chain data, opening the door to more sophisticated decentralized applications that can respond to real-world events. Space and Time has notably integrated its technology with Google Cloud’s BigQuery to private queries to off-chain data stored in the cloud.  A second major player driving greater adoption of ZK-proofs is Cronos. In December, Cronos announced the launch of its third major network in testnet – a Layer-2 known as the Cronos zkEVM chain – which is built using Matter Labs’ tools for spinning up so-called “hyperchains” that sit above existing networks.  The Cronos zkEVM chain is expected to launch its mainnet in the second quarter of 2024, and brings benefits such as its low hardware requirements and lower transaction fees. By using ZK-proofs, it also facilitates native account abstraction, where transaction fees can be paid using alternative cryptocurrencies.  Fully Homomorphic Encryption Even as ZK-proofs gain momentum, others in the blockchain industry are working on what they believe is a superior alternative to facilitate private transactions. Fully Homomorphic Encryption, known as FHE, makes it possible to perform computations on data that remains encrypted in ciphertext format, ensuring it remains protected at all times. This is important, because in traditional computing it is necessary to unencrypt data before it can be used by any application.  FHE provides significant benefits, for example by allowing untrusted networks to access data that remains fully encrypted, preventing any misuse.  One of the biggest proponents of FHE is Google, which offers an extensive toolkit for developers looking to build applications that leverage the technology. In the crypto realm, Fhenix is one of the leading players in FHE, building an EVM-compatible blockchain that’s said to be the first network of its kind to implement the technology.  Fhenix argues that FHE can provide big benefits to a blockchain industry that’s known for its transparency due to the public nature of decentralized networks. The startup, which raised $7 million in funding in September, announced the launch of its testnet earlier in the year, followed by a private devnet that launched in June.   Because Fhenix’s FHE blockchain is EVM-compatible, the startup says it can improve the utility of Ethereum-based dApps, supporting capabilities such as private voting for DAOs, private real-world asset tokenization, blind auctions, on-chain identification and more.  Super Apps The concept of the Super App has its roots in the world of Web2. Super Apps are basically just one application that offers users multiple, diversified services for everyday life. They’re usually built atop of a single function, such as a chat or financial payments platform, which integrates with various other services and makes them easier for their users to access.  Super Apps first emerged in China, with the likes of WeChat and Alibaba amassing millions of users on their respective chat and e-commerce platforms, before expanding to include other offerings. These days, WeChat is far more than just a chat app, as it also offers social media, hotel bookings, transportation services such as taxi bookings, e-commerce marketplaces, video games, financial services, online dating and everything else you can imagine. Kresus is now looking to bring the concept of the Super App into Web3 with the launch of a crypto wallet that doubles as a portal to the world of decentralized applications. Besides just being a wallet, Kresus offers functionality such as minting and transferring NFTs, numerous on- and off-ramps to fiat, access to DeFi protocols and more.  One of the best things about Kresus that’s likely to help with its growth is its simplicity, which overcomes one of the major hassles in crypto. Whereas other non-custodial wallets require users to carefully store their seed phrase to ensure they can access their digital assets if they lose their wallet, Kresus is completely idiot-proof. It’s simple to set up a wallet, and no seed phrase is created. Instead, it employs traditional account recovery techniques such as email or SMS to ensure users can always access their wallets, even if they forget their password.  Kresus also gives each user a free Web3 identity that’s powered by Unstoppable Domains, which can be used to easily and securely login to any dApp, metaverse or blockchain game in a single click.   Kresus was recently named by FinBold as one of the easiest apps to buy and store crypto with, noted for its ability to provide the same level of security as a hardware wallet, without needing to buy any actual hardware. Ethereum Virtual Machine Progress continues to accelerate in the world of EVMs, which are virtual machines that power the smart contracts so critical to the Ethereum network. The EVM is what makes it possible for developers to write smart contracts in the Solidity programming language, and is the key enabler for every autonomous dApp deployed on the network today.  The overwhelming dominance of Ethereum in DeFi and Web3 today means that many other networks are now looking to create their own EVMs to tap into its ecosystem. One of the most prominent examples is the EOS EVM, which was launched in 2022 and has been the focus of much innovation ever since. Although Ethereum has the biggest ecosystem of dApps by far, many developers believe that EOS is a superior network, with faster transaction processing times and lower fees just some of the major benefits.  The EOS EVM effectively bridges the gap between the two ecosystems, providing a way for developers to deploy Solidity-based smart contacts on the EOS network, where they can benefit from its superior performance. It allows developers to use Ethereum’s battle-tested code, libraries, SDKs and other tooling to build dApps that can run on EOS. With the latest update to the EOS EVM in December, it gained support for WebSocket, which is a key tool for building more sophisticated dApps that rely on real-time, bidirectional communication. With WebSocket, dApp developers can establish two-way and real-time communication between their apps and a remote server, with minimal latency. It improves on the older HTTP communication standard, which is unidirectional, meaning that the client can only send requests, and the server can only respond.  By using WebSocket instead, dApps can maintain a two-way connection that facilitates a continuous exchange of data. This paves the way for instantaneous updates for Web3 chat dApps, messaging tools, trading platforms, blockchain games, NFT tracking tools, DeFi notifications and more.  Web3 Streaming The concept of livestreaming is taking on a new life in Web3 thanks to the power of Azarus, a streaming platform that changes the very nature of how content creators and their fans interact.  Azarus sits at the forefront of Web3 streaming, with its innovative wallet feature that layers over the video player to enable direct interactions between streamers and viewers. With Azarus, esports players and other content creators have a simple, seamless way to stream and engage with their viewers, using blockchain tokens to provide incentives that enhance the viewing experience.  The beauty of Azarus’s technology is that it provides gamers and other creators with a new source of revenue together with the ability to reward their most loyal audiences, motivating them to spread the word about their gaming exploits. Its platform also provides a way for creators to encourage viewers to visit off-stream destinations such as e-commerce portals, brand properties and more.  Web3 streaming is looking set to become all the rage following the acquisition of Azarus by Animoca Brands, one of the biggest Web3 game developers. Animoca intends to integrate Azarus’s streaming technology into its own games to provide richer experiences for gamers and fans alike.  Ultimately, Animoca believes that Web3 streaming will lay the groundwork for the creation of a player-owned economy that will give gamers, content creators and streamers full control over their digital property and the ability to monetize their expertise.

about 2 months ago
koinmilyoner
koinmilyoner
followers

It would be beneficial for your portfolio to have a look at these three cryptocurrencies for the year 2024. The Sei (SEI USDT): "Sei" is the first blockchain that was developed specifically for trade purposes. Maverick Protocol (MAV-USDT): Maverick Protocol has just been successful in raising $9 million in investment. Users are able to construct their own blockchain with ease using Celestia (TIA-USDT), which is a cryptocurrency. In addition to being a brand new year, the year 2024 also brings with it a plethora of fantastic chances to capitalize on in the stock market and the cryptocurrency industry. Despite the fact that we are able to take advantage of these chances with the larger projects, new initiatives bring with them good opportunities for exponential returns. There are other alternative cryptocurrencies that we can investigate. The following alternative cryptocurrencies for 2024 are your best bets if you want to take advantage of these tremendous profits. (SEI-USDT) Sei (SEI) A picture of a hand holding a mobile phone, with various different renderings of digital construction components floating above it. sto platforms that are represented The Sei (SEI-USD) coin is not like other cryptocurrencies. As the first blockchain to be created specifically for trading, its one-of-a-kind method is providing exchanges with a distinct competitive advantage in the rapidly expanding world of cryptocurrencies. Not just for trading, but also for non-fungible tokens (NFTs) and gaming, decentralized exchanges (DEXes) are important in the cryptocurrency industry. Decentralized exchanges (DEXs) confront a unique set of issues that require a high level of reliability, scalability, and speed. Sei is a gem because it meets these challenges. With its most recent upgrade, Sei v2, Sei is undergoing development. The upgrade is not only an update; rather, it is a game-changer. Sei v2 presents the idea of Ethereum's (ETH-USD) first parallelized Ethereum virtual machine (EVM), which brings together the most advantageous aspects of Solana (SOL-USD) and Ethereum for developers all over the world. It began operations in August 2023, and ever since then, it has been breaking records. Additionally, it is the chain that executes more than 45 transactions per second without experiencing any downtime, making it the quickest chain in the world. This demonstrates that an integrated blockchain is superior to fragmented blockchains in terms of performance. At the same time, it is strategically growing. In order to strengthen the web3 ecosystem, Sei is devoting resources through a collaboration in Japan. The purpose of this endeavor is to build communities and contribute to the expansion of web3 in Japan, and it is being carried out in partnership with KudasaiJP. With a public test network scheduled for the beginning of 2024 and the main network deployment scheduled for the first half of the year, the significant upgrade is almost ready to be implemented. In addition, there are intriguing initiatives, such as a sub-DAO on the Sei network that is governed by NFTs, which will encourage the creation of a decentralized web3 community in Japan. (MAV-USDT) Maverick Index There is a risk of user mistake among developers when it comes to Defi Dapps like OptiFi. With its Maverick Automated Market Maker (AMM), the Maverick Protocol (MAV-USD), which is quickly becoming a prominent figure in the world of decentralized finance (DeFi), is generating plenty of buzz. Imagine it as the most intelligent and well-informed participant in the cryptocurrency industry, with support from industry heavyweights such as Founders Fund, Pantera Capital, and Coinbase Ventures. It is not only a coin; rather, it is a precious jewel that aficionados of cryptocurrencies are looking to add to their portfolios in 2024. Now, what exactly is Maverick doing? To begin, it is all about capital efficiency, particularly maximizing the areas in which your money operates the best. After that, it introduced the Boosted Position tool, which is an innovative approach to organizing liquidity incentives. And a conclusion? A VE-model and metaprotocol design are being prepared by Maverick as part of his investigation into voting methods. The goal of this endeavor is to shake up the DeFi voting game. With the introduction of the VE-Model, Maverick has introduced a game-changing innovation that enables protocols to concentrate rewards on particular places. It is no longer about haphazardly flinging incentives like confetti; rather, it is about striking the target. This accuracy not only encourages collaboration but also drives growth in the organization. Founders Fund was the primary investor in the $9 million in investment that was just raised. The money is being put to use in the development of a sophisticated infrastructure for Liquid Staking Tokens (LST), which will improve the inter-chain liquidity condition. The efficiency of DeFi is something that Maverick is passionate about, but it's not just about the money. The alternative cryptocurrency is trying to form partnerships, broaden their family of initiatives, and have already established relationships with prominent organisations such as Frax Finance and Lido Finance. Celestia (TIA-USDT) A futuristic picture of a hand with the words "block chain" floating above it is depicted in the Celestia (TIA-USDT) cryptocurrency. a representation of the riot blockchain industries Celestia (TIA-USD) is not your normal blockchain; rather, it is the first blockchain of its type. It is a modular marvel that makes it possible for anybody to construct their own blockchain with less inconvenience. By breaking molds and proposing a game-changing concept known as data availability sampling, it contributes to its expansion. This implies that developers are free to do whatever they want without being subject to obnoxious constraints, which expands the range of options available to them. The Celestia Beta Mainnet, sometimes referred to as Lemon Mint, was just recently released, and it contains a lot of important information for the community. In the white paper that LazyLedger published four years ago, it was described as a fantasy that was so far-fetched that it is now a reality. Rather than merely marking the introduction of Celestia, this event marks the beginning of a brand new era. Imagine a world in which anybody is able to operate a safe lightweight node, where blockchains interact in an open manner, and where developers are able to unleash their creativity by installing their own blockchains. Welcoming you to the age of modularity! With the latest integration with Arbitrum Orbit and the Nitro stack, it seems as if Celestia has joined forces with the most powerful companies in the industry. It is significant because it allows developers the ability to publish data to many Arbitrum Layer 2 chains, hence enabling the creation of a blockchain system that is extremely scalable.

about 2 months ago
CryptoSlate
CryptoSlate
Ethereum gets private on-chain voting tool through a16z’s 'Cicada'
9 months ago
NFT
flooredApe Access
Floor Price
0.01 ETH
Total Volume
15.94 ETH
Minted on 10 Jan 2022
Wu
WuBlockchain
CoinDesk
CoinDesk
followers

The young woman stares at you through a door. Her eyes narrow; her head lowers. Then a hand draws the door closed. Clearly, something sinister is afoot. It’s capitalism, a man’s reedy voice-over informs you. After Aragon raised $25 million from its token launch in 2017, one of the first things they did with that money was commission a revolutionary-chic video with fat cigars, grainy samizdat, and a group of determined young people trekking Frodo-like towards a big blue blockchain door. It’s vaguely ridiculous, but also endearing. I feel wistful as I watch it. Here was Aragon in its youth. And now, it is on the verge of ending. Joshua Tan leads research at Metagov, a governance research collective. Two young hackers, Luis Cuende and Jorge Izquierdo, started Aragon on the heels of the first DAO. Aragon was the first DAO platform: a tool to help people start their own DAOs. Riding a surge of enthusiasm for crypto, they crowdfunded a bunch of cash and produced some code. The code managed to get some stuff done, like secure Lido’s governance and thus effectively a third of all stake on Ethereum. But team turnover, governance paralysis, and operational missteps caused the product to fall behind the rest of the industry. While the product foundered, funds from the token launch were managed by the Aragon Association, a Swiss nonprofit, and grew to over $200 million in value due to the rally in eth. During a planned governance transition from the Aragon Association to the Aragon DAO, some activist investors (or “governance raiders,” as some like to call them) bought up control of the DAO and started lobbying for the liquidation of the treasury controlled by the nonprofit. This attack — exacerbated by internal tensions in the nonprofit board — triggered some complex legal and financial maneuvers, resulting recently in the exit of about $75 million from the ecosystem as well as the effective liquidation of the nonprofit, the DAO and the token. For now, a diminished Aragon lives on in the form of a new nonprofit to be funded by a reserve of funds from the liquidation. How did Aragon get here? In one telling, Aragon is the story of how a group of kids learned the hard way that building a new world order isn’t quite as straightforward as writing a white paper or cutting a slick video. There’s a flourish of dramatic irony and a hint of Greek tragedy: a project advertising a revolution against capitalism brought low by unchecked capital, where the seeds of its downfall were planted in its crowning moment of success. The depressing lesson for other builders: get rich, get out. I don’t like this story. It’s easy and lazy — easy because it’s so typical of projects in crypto, and lazy because all cynicism is lazy. A hint of Greek tragedy: a project advertising a revolution against capitalism brought low by unchecked capital In another telling, Aragon is a high-tech corporate thriller featuring a shadowy web of venal anons, a stuttering battle over community opinion, and eye-popping sums of money gained and lost. Aragon’s story laid bare a hard truth: that DAOs are as susceptible to power plays as any traditional entity. But it also highlighted ways in which governance actually works on-chain and ways it could work better. Aragon, the DAO, was deployed, organized, and incentivized like a corporation, and many of the arguments for liquidation flowed out of the way we justify decisions about corporations and other for-profit concerns. Aragon was underperforming; its book value was worth more than its market cap, thus it should be liquidated. In this sense, the actions of the raiders were foreseeable and justifiable, just as well-functioning capital markets should have a place for activist investors. I would love if this crisis could be an opportunity to re-examine the roles of such activist investors, just as the Curve Wars or the recent fallout between Aave and Llama have given us opportunities to re-evaluate the roles of professional delegates. Wall Street responded to the hostile takeovers of the 1980s with a raft of poison pills (mechanisms that discourage any one shareholder from obtaining too large an interest in a company) and other policies that concentrated power in executive teams and reduced the dynamism of capital in those markets. But those are not the only options to guard against “DAO raiders.” For example, we could introduce more disclosure and staking guardrails for large investors or install community-managed buyouts that create a decentralized version of “white knight” defenses where a preferred investor buys out the raider. The lesson: much has been said about the limitations of coin voting, but if you do have coin voting, you should do it well. DAOs are not corporations, but the DAOs that are corporations should invest in good corporate governance. Decentralization cannot be an excuse for exploitation. Two technologies At its deepest level, Aragon is a tale of two technologies. Aragon DAO had codified through its token a set of corporate incentives: token holders wanted to maximize returns, team members wanted to advance their careers, the underlying blockchain operators wanted their fees. But the Aragon Association, a Swiss nonprofit, was organized around a mission, with a board legally and ethically responsible for fulfilling that mission. What did the nonprofit owe, legally and ethically, to the token holders in Aragon DAO? Asked less often: what did token holders in a particular smart contract owe to the mission of a Swiss legal entity? Did that smart contract have a mission, too? Aragon’s governance could not resolve the underlying conflict between profit and mission, but its failure was not foretold. Modern corporations have both boards and “tokens.” Many such boards are charged with missions beyond making a profit, from Patagonia to Bosch to OpenAI, while the “tokens” help define the underlying incentives of the management team and backstop the ambitions of both the board and the team against the reality (and opportunities) of the market. Governing these entities is not an easy task. Incentives can be built directly into code and into law, but mission statements, even when written into bylaws or the cap table, are only as strong as a board’s will or a team’s culture. Missions also change; often, they need to change. The governance challenge is especially difficult over composite entities: a nonprofit that owns a for-profit corporation, a foundation that funds a development team, or a DAO sitting more or less uneasily within a legal wrapper. But it is doable; it has been done. Back in 2017, Aragon’s token launch was carried out by an Estonian nonprofit. The money was then transferred to and managed by a Swiss nonprofit. Now, between $10 to 50 million will be transferred into a third nonprofit, pending the results of the liquidation. This new Aragon, sans founders, sans token, will need to decide what to do and then to build an organization—a board, a team, and governance—that can do it. So what will it do? Most obviously, Aragon could continue doing what it was already doing: fund a development team to keep building on top of the existing open-source Aragon stack — in which case the team will have to face some hard questions about the sustainability of the product and the size of the market. It could turn into a foundation that invests in a broad range of DAOs and DAO projects, becoming to the DAO ecosystem what Uniswap Foundation is to Uniswap — but without the benefit of Uniswap’s product-market fit. Aragon could reorganize as a high-tech research lab for DAOs akin to DeepMind or OpenAI, rather than a product shop, with all the attendant spinout possibilities — as it was starting to do with its ZK team. On the crazier end of options: it could use its treasury to leverage buyouts of DAOs and DAO tooling, becoming a kind of national bank for DAOs. Or, it could pull back from funding altogether and just focus on communicating values and fostering an open-source community, like the Linux Foundation, or what Bitcoin Foundation was trying to do for Bitcoin. What Aragon cannot do is operate like a blank check for a small group of insiders. It has a mission. Fortunes and careers can be made and lost within the scope of that mission. Markets will rise and fall. DAOs may go on to own 50% of the world economy, with Aragon leading the way. Or DAOs might prove to be a gleam on the bubble of crypto. But the mission remains; it is why Aragon remains. The lesson is simple: if you’re a nonprofit, act like a nonprofit. It’ll take a while for the new Aragon to figure things out. In the meantime, it should build a brain trust. Perform an act of goodwill. Nurture a dream. Good luck. You’re going to make it.

2 months ago
Bitcoinworld
Bitcoinworld
followers

As the world continues to embrace the digital age, the buzz surrounding Web3, blockchain technology, and cryptocurrency remains strong. While the metaverse, generative AI, and other technological advancements have captured headlines, these underlying trends are poised to significantly impact the way we interact with technology and manage our data in 2024 and beyond. Sustainability in Web3 and Blockchain: One of the most pressing concerns surrounding Web3 and blockchain is their environmental footprint. The energy consumption associated with these technologies, particularly Bitcoin mining, has raised serious concerns about their long-term sustainability. However, 2024 is likely to see a shift towards more sustainable practices. We can expect continued development and adoption of energy-efficient technologies like Proof-of-Stake algorithms, along with the rise of green Web3 initiatives like Regenerative Finance. The Dawn of Social Web3: The centralized nature of social media platforms has led to growing concerns about data privacy, censorship, and misinformation. Web3 promises decentralized social tools that offer users greater control over their data and content. We can expect to see further advancements in decentralized social networks, enabling private and censorship-free communication, transparent algorithms, and democratic governance through blockchain-based voting mechanisms. While mainstream adoption might still be a few years away, platforms like Mastodon demonstrate the potential of this trend. A Potential Bitcoin Bull Run: Bitcoin remains the cornerstone of the cryptocurrency market, and its price fluctuations significantly impact the entire Web3 ecosystem. 2024 marks another Bitcoin halving, a historical event that has traditionally led to price increases. If history repeats itself, a Bitcoin bull run could inject significant funding and enthusiasm into Web3, further accelerating its development and adoption. Decentralized Finance (DeFi) Takes Center Stage: DeFi has emerged as a powerful alternative to traditional financial services, offering peer-to-peer lending, borrowing, and other financial instruments without the need for centralized intermediaries. With increased accessibility and growing investment, DeFi is poised to become a mainstream financial tool in 2024. Web3 and the Immersive Internet: The concept of the metaverse, an immersive virtual world powered by Web3 technology, has captured the imagination of many. Web3 and blockchain play a crucial role in creating unique digital assets, online identities, and virtual communities. While the full vision of the metaverse might still be evolving, 2024 will see further exploration and experimentation in this exciting space. Central Bank Digital Currencies (CBDCs) on the Rise: CBDCs are digital currencies issued by central banks, leveraging the benefits of blockchain technology while remaining under the regulatory control of governments. As countries like China, the Bahamas, and Sweden continue piloting their CBDCs, 2024 is likely to see more governments exploring and implementing these digital currencies. Beyond the Trends: While these trends offer a glimpse into the future of Web3, blockchain, and cryptocurrency, it’s important to recognize other factors that will shape their development. These include: Regulatory Landscape: Governments worldwide are still grappling with the implications of Web3 and cryptocurrencies, leading to evolving regulations that will significantly impact their adoption and development. Technological Advancements: Continued advancements in blockchain technology and related fields will unlock new possibilities and applications for Web3, further accelerating its growth. Public Perception: Educating the public about the benefits and risks associated with Web3 is crucial for its mainstream adoption. As individuals become more aware and comfortable with these technologies, we can expect wider acceptance and participation. The future of Web3, blockchain, and cryptocurrency is brimming with possibilities. As these trends evolve and mature, they have the potential to revolutionize the way we interact with technology, manage our data, and conduct financial transactions. However, remaining informed about the potential challenges and opportunities is crucial for navigating this dynamic and ever- evolving landscape.   The post Web3, Blockchain And Cryptocurrency: 6 Trends Shaping The Future In 2024 appeared first on BitcoinWorld.

2 months ago
Cointelegraph
Cointelegraph
followers

The cryptocurrency mining platform AntPool released an update on Nov. 30, saying it will refund the transaction fee of 83 Bitcoin (BTC).  It said its risk control system temporarily froze the fee when packaging the transaction, and therefore after the affected user verifies their identity, it will refund the fee. The affected user has until 00:00 (UTC+8) on Dec. 10 to submit their details to AntPool via preparing a signing tool, either Electrum or Bitcoin Core, and then using a private key of a wallet address given by AntPool sign the message with the code “AntPool.” On Nov. 23 one Bitcoin user on the platform was charged a transaction fee of 83 Bitcoin (BTC), which at the time equaled roughly $3.1 million, for a transfer of 139 (BTC). Related: Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model A similar situation took place in September when the stablecoin issuer Paxos confirmed it paid a Bitcoin (BTC) transaction fee with a value of $500,000. The outrageous fee was charged to move $2,000 worth of (BTC). The Bitcoin miner who received the fee took to social media and petitioned followers what they would do in their place, with the majority voting to distribute the funds among the Bitcoin miner community. Ultimately the miner returned the funds to Paxos. This week, on Nov. 28, Bitcoin (BTC) celebrated the 11th anniversary of its first halving, from $12 to its current range hovering around $37,000. Magazine: This is your brain on crypto: Substance abuse grows among crypto traders

3 months ago
TopCryptoNews
TopCryptoNews
followers

You’ve probably read the headlines about the $4.3 billion fine that Binance – the world’s largest crypto exchange – has agreed to pay the U.S. government. In my view, it’s worth every penny. With this fine, Binance has essentially bought its freedom. Binance is now legit. I have not read a single article that explains clearly what the deal means for crypto users – especially investors in the Binance token (BNB). (Full disclosure: I’m an investor.) Here’s what happened, and what it means for the coming age of crypto. A Brief History of Binance Binance was founded in 2017, during the heyday of crypto. Initial Coin Offerings were all the rage, when entrepreneurs would launch a new crypto company, mint new tokens to raise money (just like issuing shares in an IPO), then use the proceeds to build the company. Bitcoin was reaching new all-time highs, new tokens were launching every day, and a new class of “crypto trader” sprung up to provide liquidity between all these digital assets: buying, selling, and occasionally hodling them for the long-term. Changpeng (“CZ”) Zhao, a developer who worked on trading software for the Tokyo Stock Exchange, started Binance in the midst of this maelstrom. With Binance, users could buy, sell, and trade all the major cryptocurrencies, with Binance getting a cut out of each transaction. It was a money-printing machine. In the beginning, it was easy to open an account without providing much identification, which attracted both legitimate customers (by the millions) and illegitimate customers (the occasional money launderer, ransomware scammer, and terrorist financer.) Where Binance erred was in not implementing stricter customer checks, sooner: as the Department of Justice has documented, CZ prioritized growth of the company above compliance with the law. The company helped “VIP customers” (crypto whales moving a lot of money and generating hefty profits), even when their behavior seemed sketchy. And Binance seemed to know that money was illegally flowing between the U.S. and sanctioned countries like Iran. In CZ’s defense, the company spun off a subsidiary called Binance.US in 2019, blocking U.S. users from the Binance.com platform and redirecting them to Binance.US instead. The idea was that Binance.US would adhere to the more stringent U.S. regulations. The problem, according to the DOJ, was that determined U.S. users could still use Binance.com through a VPN or proxy tool, so the bad behavior continued … and Binance knew about it. Meanwhile, CZ made it a point to establish Binance in a kind of no-man’s-land, getting rid of any physical headquarters, and constantly staying on the move. He asked employees to use encrypted messaging services, so there was no paper trail. When the U.S. government began turning up the heat in 2021, CZ resisted, but eventually the threat of a massive lawsuit changed his thinking. He had just seen how a run on FTX crippled the company and landed Sam Bankman-Fried in prison. (In fact, he helped FTX crash and burn.) If it came to an FTX-style trial, customers might get spooked and withdraw all their funds, and that really would be the end of Binance. (It was also in the government’s best interest to settle: remember how the contagion from the FTX collapse spilled over to traditional banks as well.) So Binance and the U.S. government came to a deal. The Deal, Explained In plain English: U.S. customers will not be allowed to trade on Binance.com, and the government will appoint compliance monitors to audit and ensure that Binance is behaving, for real this time. U.S. customers will still be allowed to use Binance.US (if you’re reading this from the U.S., you can try Binance.com and Binance.US for yourself). Binance.US will, of course, be more closely monitored for compliance, which should be a good thing for customers. CZ will step down as CEO, to be succeeded by Richard Teng, a former CEO of Abu Dhabi’s financial services regulator. CZ still maintains his ownership stake in Binance, though he is giving up voting rights. And then there’s that pesky $4.3 billion fine. ($4,316,126,163, to be exact.) Binance claims it had set aside up to $8 billion for an eventual settlement, so apparently they were saving for a rainy day. The news media keeps saying Binance is making a “complete exit” from the United States, which is inaccurate. U.S. customers are some of Binance’s most valuable. They’re critical for the long-term growth of the company. To be clear, U.S. users cannot use Binance.com, but they can continue to use Binance.US. Which is the same way it’s been since 2019, only now with better compliance. But saying “Things remain exactly the same at Binance” does not make for a great headline. The Investor Takeaway I am supremely bullish on this turn of affairs. I don’t condone breaking the law, so I think Binance was absolutely wrong to help criminals get around their controls. When you build a company culture around skirting the edges of the law, it’s hard to wash that out of your system. That worries me. On the other hand, I learned a lesson from watching the rise of Uber under its founder Travis Kalanick. Here was another disruptive technology company breaking into a heavily-regulated market. At the time, taxis were terrible, and Uber truly provided a better customer experience. Under Kalanick, Uber played hardball to win new markets, often skirting or flouting the law. We should all feel conflicted about these moral dilemmas. Is it right or wrong for an enterprising entrepreneur to aggressively promote a better product — even if it means breaking laws that might be outdated or unfair? In the case of Uber, the taxi industry was ripe for disruption, Uber was a far superior product, and society benefited as a result. (In fact, I took a NYC taxi the other day, and was astonished at how much better the taxi experience has become – it’s a lot like taking an Uber.) Binance legitimately provides great products and services. It’s one of the most user-friendly, trustworthy crypto exchanges in the world. It keeps funds secure. It continually innovates, from high-yield staking products to its own blockchain. It even has its own charity. Would the company have become successful if it waited for U.S. regulators to catch up? The SEC still cannot even define whether a token is or is not a security. If you want to see the results of the “wait and see” approach, just look at U.S. banks. No crypto innovation. For me, this settlement allows the DOJ to score a political win, lets Binance play nice with the government, and releases the entire industry to move forward. This is why I am very pleased about Binance’s $4.3 billion fine. The company can afford it, and now there is an understanding in place. The U.S. government will monitor Binance, they’ll appoint a grownup CEO, and the company is now legit. (Remember, Uber ultimately ousted Travis Kalanick and brought in a grown-up CEO in Dara Khosrowshahi. The company launched an IPO and now its stock price is approaching all-time highs.) I’ll repeat those four important words: Binance is now legit. This is a huge deal. It’s worth every penny of the $4.3 billion. My belief is that investing in the BNB token is like investing in Binance. Now that Binance is “government approved,” my view is that the company will not only survive, but thrive. They have great products, an enormous competitive moat, and now they’re officially regulated. For my money, BNB is a better buy than ever. #binance #CZBinance #BNBecosystem $BNB

3 months ago
Kri
Kri
followers

There are many projects on the crypto market that are both entertaining and provide some real value to society. One of these is ApeCoin (APE), a cryptocurrency adopted to be the native coin of Bored Ape Yacht Club (BAYC), developed by Yuga Labs. Since the ApeCoin DAO came into being in April 2021, the BAYC has been among the top non-fungible token (NFT) collections with a vibrant community. APE coin is still trending and at the moment is one of the Top 100 cryptocurrencies. Read more about ApeCoin price prediction in the new StealthEX article.ApeCoin (APE) OverviewWhat Is ApeCoin? APE is an Ethereum-based token governed by ApeCoin DAO, a decentralized autonomous organization (DAO) tasked with making decisions around things like ecosystem fund allocations, governance rules, projects, partnerships, and more. All holders of APE are eligible to be members of ApeCoin DAO.The coin came from Yuga Labs, a Web3 firm, and its Bored Ape Yacht Club (BAYC) NFT series. The 10,000 separate cartoon ape drawings in the collection each have their own distinctive style and appearance, and the blockchain verifies who owns each one. One of the most successful NFT initiatives so far is BAYC, which has gained viral appeal with well-known owners like Eminem and Jimmy Fallon.Collectively, APE token owners make governance decisions by voting on matters such as funding distribution, rule formulation, collaborations, project selection, and more. The community’s governance choices are carried out by the ApeCoin Foundation.The ApeCoin Foundation promotes the expansion of the ecosystem in its capacity as the DAO’s legal representative. The Board, a unique entity inside the Foundation, carries out the goals set forth by the community. There are five representatives of the technology and cryptocurrency community on the APE Board. Every year, ApeCoin users cast votes to choose the new Board members.As the open-source protocol layer of the ecosystem, ApeCoin serves several purposes:Governance: ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO.Unification of spend: ApeCoin is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.Access: ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services.Incentivization: ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.ApeCoin Use CasesApeCoin has several uses in the ecosystem as a utility and governance token. APE use cases include giving holders access to premium features like games, events, products, and services, as well as allowing them to take part in the DAO’s governance.APE coin is a payment-ready cryptocurrency with a design that is identical to any other Web3 coin. Since ApeCoin is a widely used ERC-20 token, most retailers consider it to be acceptable. Additionally, the coin is already being used as NFT rewards; holders who have the BAYC can cash in their free APE right away.ApeCoin is used by outside developers to participate in the ecosystem and add the currency to their apps, games, and other endeavors. For example, the currency is used as a reward for gamers in Animoca Brands’ Play-to-Earn (P2E) mobile game Benji Bananas. While playing, they will be able to obtain unique tokens, which they may then exchange for APE coins.APE Coin Price HistoryWhen APE went public on March 17, 2022, it opened for trading at $7.26. Overnight, it reached a peak of $16.47. APE peaked at $26.19 at the end of April, after a month of trading at roughly $13, and then fell back to $13 in May.There is a maximum of 10 billion tokens available for ApeCoin. At launch, the protocol put 30.25% of them into circulation; the remaining portion will be added during the next four years.For the first ninety days following debut, owners of NFTs in the Bored Ape Yacht Club metaverse could obtain 150 million APE tokens from the ApeCoin website. 10,094 APE coins could be claimed by anyone holding a Bored Ape NFT. At the peak of APE in April 2022, which was $26.19, that was nearly $300,000.ApeCoin Price Chart   2,042 APE tokens might be obtained by holders of a Mutant Ape, a derivative NFT given to BAYC holders in 2021. 10,950 tokens were available to owners of both the Bored Ape NFTs and the Kennel Club NFTs, a different derivative NFT project. Two thousand nine hundred tokens were awarded to anyone who had both a Mutant Ape and a Kennel Club NFT. The price for APE coin has since then dropped, and at the moment, APE’s price fluctuates around $1.57.ApeCoin Price Prediction up to $500ApeCoin Price Prediction 2024According to DigitalCoinPrice, ApeCoin crypto will increase in price. Based on the experts’ forecasts, in 2024, APE might go as high as $4.1 (+156%) per coin at its highest point. Its minimum price might go as low as $3.43 (+114%).Based on the experts’ forecasts at PricePrediction, in 2024, APE Coin coin will start out with $2.56 (+60%) as its lowest price and rise to a maximum of $3.12 (+95%).WalletInvestor gives a negative price prediction for APE in 2024: their experts believe that it might go as low as $0.0754 (-95%), while at its peak it can reach $0.226 (-85%).APE Coin Price Prediction 2025DigitalCoinPrice experts believe that in 2025, ApeCoin crypto will make more gains. Based on their predictions, APE can rise in price and reach $5.82 (+263%) per coin at its peak. Its minimum price might drop to $4.7 (+193%).WalletInvestor analysts think that in 2025 the price of ApeCoin will stay quite low, gaining only a fraction of its current price: according to their estimations, the cryptocurrency’s minimum price will hover around $0.159 (-90%), while at its peak it might reach $0.476 (-70%).According to PricePrediction, the expected maximum price of ApeCoin crypto at the end of 2025 will be $4.38 (+173%), and it may also drop to a minimum of $3.55 (+121%). ApeCoin Price Prediction 2030DigitalCoinPrice crypto analysts think that by 2030, ApeCoin coin will considerably rise in price: its minimum price level is expected to be around $10.78 (+573%), while its maximum price will go as high as $11.82 (+638%).PricePrediction experts believe that APE’s progress in terms of price will be even more significant: according to them, the crypto’s lowest price will hover around $15.06 (+841%), while at its peak it might reach $18.36 (+1,047%).According to Telegaon forecasts, by 2030 APE crypto will skyrocket. This website believes that ApeCoin can go as high as $250.13 (+15,533%) per coin. It can also drop in price to a minimum of $212.98 (+13,211%) per coin.APE Coin Price Prediction 2040According to Telegaon forecasts, by 2040 APE crypto will be making further progress. This website believes that ApeCoin can drop to a minimum of $473.56 (+29,497%) per coin. It can also rise in price even more and reach $518.94 (+32,333%) per coin.Experts at CoinMarketCap believe that by 2040, Ape Coin will rise in price: the maximum price of APE Coin is projected to be around $121.29 (+7,480%). If the market turns bearish, the minimum price level of APE coin could fall down to $115.67 (+7.129%).APE USDT Price Technical Analysis    Now that we’ve seen possible price predictions for APE Coin, let’s find out a bit more about what crypto experts have to say about it.ApeCoin Price Prediction: Experts’ OpinionsRegarding ApeCoin, investors are split; while some are adamantly in favor of it, others believe its bubble will burst in a matter of weeks. Many experts predict that ApeCoin will yield substantial returns over the long run as an investment. It’s crucial to remember that these projections could alter in response to a number of variables, including market dynamics, legislative changes, and technological improvements.Experts at CoinMarketCap believe that APE coin represents value for the market and will inevitably rise in price, reaching $39.77 in 2030.Factors Affecting ApeCoin Coin PriceAs cryptocurrencies regain momentum and become more mainstream, their chances of attracting specific regulations by the government are tremendously high. Certain governments across the world do not appreciate the unregulated and decentralized nature of this currency. Resultantly, they take certain measures to control this market.The easiest way to control the crypto market is to add taxation in transactions. Such regulations and limitations will increase the centralisation of virtual currency, thus, affecting the cryptocurrency price. When it comes to ApeCoin, its popularity may also depend on the NFT market and its condition.Additionally, here are some key points to consider when evaluating ApeCoin as an investment:Purpose and technology.Market regulations.Development, adoption, and partnerships.Long-term vision.Use cases.Risks and OpportunitiesPurchasing cryptocurrencies too high is the first thing to be cautious of, particularly with respect to more recent ones like ApeCoin. During the initial trading days, investors may exhibit a great deal of enthusiasm. They could purchase it in the hopes that the price will rise, then sell it for a profit before it might drop. Another thing you need to be wary of is the extreme volatility cryptocurrencies are subject to.However, when it comes to Ape Coin, experts have divided opinions about its value. To put things in perspective, Bored Ape’s NFTs were purchased by superstars like Justin Bieber and Eminem. Importantly, ApeCoin describes the APE Foundation as the ‘steward’ of the token. The foundation, which is managed by ApeCoin DAO, has its governance community-led and decentralized. All of this means that this cryptocurrency has a solid goal and vision, coupled with media hype and popularity.What Price Will ApeCoin Go To?It’s quite possible for this cryptocurrency to reach $10, $20 and even $250 in 2030.What Is the APE Coin Price Forecast for 2024?According to PricePrediction ApeCoin could reach a maximum price of $3.12 and a minimum price of $2.56, resulting in an average price of $2.63 for 2024.What Will APE Coin Be Worth in 2025?Based on DigitalCoinPrice predictions, in 2025 APE can rise in price and reach $5.82 per coin at its peak. Its minimum price might drop to $4.7.Can APE Coin Hit $1000?ApeCoin would need to gain over 62,000% to reach $1,000. This is not feasible, however, with time, it can reach a significant price level.Is APE Coin Going to 100x?For Ape Coin to skyrocket, it needs to come up with something extraordinary, to revolutionize the crypto industry. It can happen, however, most experts agree that the coin’s price won’t reach these highs.ConclusionIt’s crucial to conduct your own research before investing in any cryptocurrency and base your choice on your risk tolerance and financial objectives. ApeCoin (APE) is a relatively new cryptocurrency that has generated a lot of stir in the crypto community. When choosing to purchase ApeCoin, there are possible risks and rewards to take into account, just as with any investment.

3 months ago
Coinstages
Coinstages
followers

Due to uncertainties, Ethereum (ETH) and Maker (MKR) early backers are diverting their attention to an intriguing newcomer, stirring excitement and debate within the crypto community. As the spotlight shifts to this rising star, let’s delve into the latest developments shaping the landscape and explore why VC Spectra (SPCT) is emerging as a beacon of stability and innovation. Summary Despite Ethereum’s (ETH) 1% price increase to $2,061 on November 23, concerns over ecosystem stability persist due to skepticism around Blast, a layer-2 blockchain, and broader uncertainties in the crowded DeFi space.Despite Maker (MKR) seeing an 8% weekly surge to $1,473 on November 23, accumulating MKR by large wallet investors raises concerns as on-chain metrics indicate a potential bearish outlook.VC Spectra (SPCT) stands out amid crypto uncertainties, raising $2.4 million in a successful private seed sale and impressing with an 862.5% surge in its public presale, projecting a bright 2023 outlook. Ethereum Challenged with Uncertainties, Bearish ETH Price Prediction Despite the recent marginal 1% increase in Ethereum’s (ETH) price, reaching $2,061 on November 23, there are concerns looming over the ecosystem’s stability. The buzz surrounding Blast, a layer-2 blockchain, has sparked a divisive response within the crypto community.  While the project has accumulated an impressive $225 million in staked assets, questions arise regarding its reward mechanism, with critics likening it to a pyramid scheme. The skepticism surrounding Blast adds to broader uncertainties about the necessity of additional layer-2 networks in the already saturated decentralized finance (DeFi) space.  With 232 blockchains in existence, Ethereum’s (ETH) dominance is being challenged, as competitors like Tron and BSC claim significant shares. Furthermore, the emergence of layer-2 networks from major exchanges like Coinbase and Kraken raises doubts about Ethereum’s ability to maintain its position, affecting the Ethereum prediction.  Investors are grappling with these uncertainties, casting a shadow over the ETH price prediction. Analysts’ ETH price prediction suggests that ETH  could reach $1,966 in December. Maker (MKR): Recent Surge Faces Bearish Signals Maker’s MKR crypto has witnessed an 8% surge in a week, reaching $1,473 on November 23. However, recent developments suggest a potentially bearish outlook for Maker’s MKR crypto. Notably, large wallet investors have accumulated MKR, but the concerning factor lies in the unrealized profits they currently hold.  While these whales sit on substantial gains, on-chain metrics paint a gloomy picture. The supply of the MKR crypto on exchanges has surged from 7.01% to 9.49%, indicating an uptick in selling pressure. Moreover, the Network Realized Profit/Loss (NPL) metric exposes a significant profit-taking activity on October 24, typically preceding a price decline.  The increasing supply on exchanges is poised to exert downward pressure on the MKR price, signaling a probable correction. In this context, caution is advised as the confluence of profit-taking, rising exchange reserves, and potential selling pressure may outweigh the recent price gains, pushing Maker (MKR) into a bearish trajectory in the short term. Analysts expect Maker (MKR) to reach $1,288 in December. VC Spectra (SPCT): Rising Star in Crypto Stability In contrast to Ethereum (ETH) and Maker (MKR), VC Spectra (SPCT) emerges as a beacon of stability and innovation in the crypto landscape. Having successfully raised $2.4 million in its private seed sale, VC Spectra (SPCT) is now in the midst of a groundbreaking public presale that has captivated the crypto community’s attention. VC Spectra (SPCT) stands out as a decentralized hedge fund, offering users unique benefits such as quarterly dividends, buybacks from investment profits, access to new ICOs in seed/private sales, and voting rights.  The SPCT token, built on the Bitcoin blockchain, operates on the BRC-20 standard and serves multiple purposes, including decentralized trading, asset management, and transaction fee settlement on the VC Spectra platform. The public presale, consisting of multiple stages, has already exceeded initial expectations, with the Stage 5 price surging by an impressive 862.5% to $0.077. Due to overwhelming demand, VC Spectra (SPCT) is poised to surpass its projected end-of-presale altcoin price of $0.080, making it one of the best altcoins in 2023. Unlike some of its competitors grappling with uncertainties like Ethereum (ETH) and Maker (MKR), VC Spectra’s real-life utility and robust features position it as an excellent investment opportunity.  With a deflationary model and a burn mechanism reducing token circulation over time, SPCT is not merely a speculative asset but a practical tool for users within the VC Spectra ecosystem. Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Ethereum #makerdao $ETH $MKR

3 months ago
ENSIGN TRADING
ENSIGN TRADING
followers

Sui Price Prediction 2023-2032 Sui Price Prediction 2023 – up to $1.34Sui Price Prediction 2026 – up to $4.38Sui Price Prediction 2029 – up to $13.26Sui Price Prediction 2032 – up to $42.62 As the cryptocurrency market gains momentum and traders search for potential investment opportunities, Sui (SUI) has emerged as a coin, capturing significant attention. SUI operates on a smart contract platform maintained by a permissionless group of validators, contributing to the network’s security and functionality.  The native token, SUI, serves as a means of payment for gas fees. At the same time, users can stake their SUI tokens with validators in a Delegated Proof-of-Stake model, enabling active participation in consensus and potential rewards. SUI’s notable feature lies in its ability to achieve parallel agreement on independent transactions, leading to enhanced scalability.  While predicting the future price of any cryptocurrency is challenging, SUI’s unique characteristics and growing interest suggest the potential for increased demand and value. Traders and investors are advised to stay informed about the project’s developments, market trends, and factors influencing the broader cryptocurrency landscape to make well-informed decisions regarding SUI’s price trajectory. Here’s a bit of trivia, in case you’re wondering: Sui or mizu, 水, meaning “Water” in Japanese, is one of the elements in the Japanese system of five elements and represents the fluid, flowing, formless things in the world. One can imagine how this coin was likewise named, but Sui can also mean many related things. Today’s live Sui price is $0.6638, with a 24-hour trading volume of $310,070,389. Sui is up 9.43% in the last 24 hours. The current CoinMarketCap ranking is #82, with a live market cap of $637,688,953. It has a circulating supply of 654,546,806 SUI coins and a max. Supply of 10,000,000,000 SUI coins. Sui price analysis: SUI climbs above $0.6000 following the positive market sentiment Sui price analysis shows a brief uptrendSUI has gained over 9 per cent in the past 24 hoursResistance for SUI is present at $0.6800 The Sui price analysis on 25th November shows a bullish trend for SUI. Following the positive market sentiment, it has exceeded the key $0.6000 level. In just 24 hours, the price of SUI has surged by over 9 per cent and is now trading at $0.6638. The next resistance point for SUI lies at $0.6800, which can be a major hurdle in the journey of this crypto asset. However, bulls are still in control, and SUI can breach this resistance level soon. On the lower side, the support of $0.6000 is strong enough to give buyers enough confidence that SUI will continue its bullish run and consolidate around its current price level. Furthermore, more buying pressure should come to the market soon, as traders will likely take this opportunity to ride the positive momentum. Sui price analysis 1-day chart: Bullish momentum builds as buying pressure increases The daily chart for the Sui price analysis shows that the price has formed a bullish trend over the past 24 hours. The next target for SUI is $0.7000, which can be reached soon if bulls continue to drive the market with their buying activity. The daily volume of SUI has also increased significantly, which is a strong indicator for the crypto asset. SUI/USD 1-day chart, By: TradingView Technical indicators are also positive for SUI, with the RSI steadily rising and the MACD line crossing over the signal line. This indicates strong buying pressure in the market and that the trend will likely continue favoring bulls. The Relative Strength Index crossed above the 60 mark, confirming the bullish trend. The histogram has formed a higher low, indicating that bullish momentum is building.  SUI/USD 4-hour chart: SUI corrects the downtrend as price surges high The hourly chart for SUI shows that the crypto asset has been in an uptrend since Oct 12. The price trades above the 20-period moving average, confirming a bullish bias. The RSI is currently at 64, indicating that SUI is getting out of the neutral territory and may head higher soon. SUI/USD 4-hour chart, By: TradingView The Moving Average Convergence Divergence (MACD) line is trending higher, and its histogram has formed a higher low, indicating that bullish momentum is increasing. The MACD value has also turned positive, confirming the uptrend. Further, the Bollinger band indicates that there is an increase in volatility.  What to expect from Sui price analysis Overall, Sui’s price analysis shows a strong uptrend in the market as buying pressure has increased significantly. The bulls control the situation, and SUI will reach its next resistance level soon. With a bullish bias in the market and more buying activity expected soon, SUI may reach its target of $0.7000 before long. Recent News on Sui Network Sui Blockchain Enhances Web3 Gaming with Space and Time’s ZK Tech In a groundbreaking move for Web3 gaming, Sui Blockchain has partnered with Space and Time, backed by tech giant Microsoft, to provide developers with advanced zero-knowledge-proof (ZK) tools. This collaboration is set to revolutionize the gaming sector on the Sui network, heralding a new chapter for decentralized applications. Space and Time’s CEO, Scott Dykstra, shared with Decrypt the significant potential of these ZK tools, which allow for the verification of complex queries and the integration of in-game and on-chain activities. Introducing Proof of SQL by Space and Time is a testament to this potential. This technology allows for the real-time indexing of Sui blockchain data, combining it with off-chain data to ensure transparent and verifiable gaming experiences. A representative from the Sui Foundation underscored the necessity for applications to be verifiable across the board to align with Web3’s decentralized ethos. Space and Time’s technology is instrumental in achieving this goal, offering a new benchmark for the industry. The partnership is a strategic move for Sui, which is already at the forefront of blockchain gaming innovation. By adopting Space and Time’s verifiable computing layer, Sui provides developers with the necessary resources to create intricate and transparent reward mechanisms within their games. Integrating Space and Time’s ZK technology with Sui’s blockchain infrastructure is a promising development for decentralized gaming. This synergy is expected to spur the expansion of Web3 gaming and reinforce Sui’s role as an innovator in the field. The gaming community is looking forward to the positive changes this alliance will bring, marking a milestone in blockchain and gaming’s future. Sui’s Innovative Mnemonic Compression Enhances Crypto Security and Accessibility Mysten Labs’ co-founder, Kostas Chalkias, has unveiled a groundbreaking approach to compressing mnemonic formats that are set to revolutionize crypto security. This pioneering technology reduces the conventional 12-word mnemonic phrase to a streamlined 8-word version, all while preserving the vital element of entropy. Additionally, Sui plans to offer an API to simplify the transformation from 12 words to 8 words, enhancing the usability of this compressed mnemonic format. The potential applications of this compressed mnemonic format in crypto security are substantial. These phrases are critical in safeguarding crypto assets, private keys, and sensitive data. The ability to reduce the number of words while maintaining entropy levels is a significant leap forward. Users can now enjoy heightened security without the hassle of managing a lengthy mnemonic phrase. Chalkias emphasizes the collaborative nature of this project, with the algorithm, dictionary, and API for the 8-word conversion currently under development and open for feedback and improvement. This collaborative approach ensures that the final product will benefit from the collective insights and expertise of the blockchain and crypto community. Sui, the platform driving this innovative development, is described as a “first-of-its-kind Layer 1 blockchain and smart contract platform.” Built from the ground up, Sui aims to provide fast, private, secure, and accessible digital asset ownership for everyone. Sui’s unique features, such as its object-centric model based on the Move programming language, offer parallel execution, sub-second finality, and robust on-chain assets. The platform’s horizontally scalable processing and storage capabilities deliver unmatched speed at a low cost, making it a significant advancement in blockchain technology. Sui’s introduction of a compressed mnemonic format marks a pivotal moment in the evolution of blockchain technology. It enhances the security of crypto assets and sensitive information while ensuring accessibility and usability for all users. Sui’s commitment to open development and feedback underscores its dedication to community collaboration and innovation, promising a brighter future for crypto security. Innovative zkLogin by Sui Foundation Revolutionizes Web3 Accessibility The Sui Foundation has recently introduced zkLogin, a groundbreaking Web3 authentication tool designed with developers in mind. This initiative aims to streamline user authentication within decentralized applications (DApps) by enabling the integration of existing accounts from renowned platforms like Google, Facebook, and Twitch. The essence of zkLogin is its unwavering dedication to maintaining user privacy, utilizing zk-SNARK technology to secure sensitive user information, thereby presenting a viable alternative to conventional login avenues. This innovation aligns seamlessly with the fundamental principles of blockchain and the Web3 environment, prioritizing user confidentiality and security. With zkLogin, users can conveniently immerse themselves in the Sui ecosystem without needing separate wallet installations or managing intricate mnemonic phrases, promoting broader Web3 adoption. The immediate availability of zkLogin to Sui developers signifies that it can be integrated swiftly into their DApps, offering a secure and user-friendly authentication option. Launching zkLogin on the mainnet is pivotal in merging traditional web services with decentralized platforms. It symbolizes the evolving nature of blockchain technology, with innovations like zkLogin pioneering a more user-centric and accessible Web3. This progress highlights the Sui Foundation’s relentless pursuit to mold a more inclusive and intuitive Web3 domain. Sui Price Predictions 2023 – 2032 Price Prediction by Cryptopolitan Sui Price Prediction 2023 The SUI coin price prediction indicates that the token started trading a few days ago at $0.1 and quickly rose by 1800% to reach a high of $2 on the same day. While there has since been a slight decrease in the token’s value, it still remains strong, suggesting that a bullish trend may return. Our forecasts suggest SUI token could rebound and attain a minimum price of $1.21 and an average value of $1.25, with a maximum price of $1.34. Sui Price Prediction 2024 In 2024, the SUI crypto price prediction for 2024 estimates a minimum price of $1.77 and an average trading price of $1.83.The price of SUI could attain a maximum price of $2.15 by the end of the year. Sui Price Prediction 2025 The Sui coin price forecast for 2025 is SUI to trade at a minimum price of $2.51 and an average price of $2.58, with a maximum price forecast of $3.12. Sui Price Prediction 2026 Our SUI price forecast for 2026 anticipates that the coin may trade at a minimum price of $3.72 and an average value of $3.83, with a maximum price of $4.38. Sui Price Prediction 2027 In 2027, our SUI token price prediction anticipates the price of SUI to reach a minimum price of $5.26 and an average price of $5.45, with a maximum price of $6.36. Sui Price Prediction 2028 Our 2028 SUI price prediction estimates SUI coins to trade at a minimum price of $7.57 and an average trading price of $7.84, with a maximum value of $9.14 by the end of the year. Sui Price Prediction 2029 The Sui crypto price prediction for 2029 suggests the SUI token will continue on a bullish note and could attain a maximum price of $13.26 and an average forecast price of $11.51.The least price forecast is estimated to be $11.20. Sui Price Prediction 2030 In 2030, the SUI price prediction suggests the price will reach a minimum value of $17.09 and an average value of $17.55, with a maximum forecast price of $19.38 by the end of the year. Sui Price Prediction 2031 The SUI price forecast for 2031 estimates the SUI token to reach a minimum price of $24.87 and an average trading price of $25.75, with a maximum price of $29.44. Sui Price Prediction 2032 The SUI token price prediction for 2032 estimates the price of SUI to attain a minimum price of $36.86 and an average price of $38.15.The price of SUI is expected to attain an all-time high of $42.62 by the end of the year. Sui Coin Price Prediction by Coincodex Coincodex has a bearish analysis of the Sui Coin price for May. They predict the price will decrease by -4.57% and reach $ 0.752509 by June 12, 2023. According to Coincodex, the current Sui coin price prediction is bearish as the general Sui Crypto price prediction sentiment is bearish, with 4 technical analysis indicators signaling bullish and 14 signaling bearish signals. The long-term prediction for the SUI tokens is bearish, and they predict a gradual price decline over the next few months. SUI Coin Price Prediction by DigitalCoinPrice DigitalCoinPrice is bullish on SUI’s long-term and short-term projections, estimating the SUI coin could peak at $1.61 soon. At the moment, Sui is trading at $0.76, which could peak at $161 soon. Based on Sui’s price fluctuations they have predicted that the price of SUI would grow by -$16.11% at the beginning of July 2023. During the mid of July, the price is expected to rise by a maximum of $111.12%. By the end of the month, SUI is likely to grow by $55.67%. DigitalCoinPrice’s long-term SUI price forecast is bullish as they forecast a maximum price of $3.42 in 2026 while by 2032, SUI could reach $14.75. SUI Coin Price Prediction by Price Prediction net PricePrediction.net has a relatively bullish outlook on Sui’s future price, anticipating a maximum price of $1.34 in one year. The market expert continues to point out that Sui has the potential of becoming a widely adopted cryptocurrency and could possibly reach a 5-year high of $6.36, with a maximum price target of $42.62 by 2032. SUI Price Prediction by Market Experts SUI Coin is the native token of the Sui network, a Layer-1 smart contract platform known for its scalability and low latency. The platform utilizes a unique object-centric data model and Move’s strong ownership types to achieve parallel agreement on transactions, providing fast finality and on-chain asset capabilities. Market experts have varying opinions on the future price of SUI coins. According to Cilinix Crypto, a popular altcoin analyst channel, SUI could reach $1.0 within the next 12 months. The market analyst has given a technical and fundamental analysis of the SUI project and concluded that it has all the right features to make it a successful cryptocurrency. They predict that as adoption grows and more developers build on the Sui network, the demand for SUI Coin may increase, potentially leading to price appreciation. SUI Coin Price History Sui token price action since the launch shows on May 08, 2023, The SUI token opened at $1.249742, reached a high of $1.251327, and closed at $1.151478. The trading volume was $700.26 million, with a market cap of $605.75 million. May 15, 2023: The token experienced a surge, opening at $1.160171 and reaching a high of $1.248291. It closed at $1.207195, with a trading volume of $837.48 million and a market cap of $640.74 million. May 24, 2023: The price declined, opening at $1.053851, with a low of $0.959751, and closing at $0.980074. The trading volume was $440.45 million, with a market cap of $523.55 million. May 31, 2023: The SUI token continued its downward trend, opening at $1.003051 and closing at $0.976384. The trading volume was $346.47 million, with a market cap of $513.81 million. June 06, 2023: The token saw further fluctuations, opening at $0.818737 and reaching a high of $0.848444. It closed at $0.832229, with a trading volume of $619.20 million and a market cap of $429.55 million. Does Sui Layer-1 have future potential? Learn more here. More on Sui/SUI What is the SUI token? Sui is a revolutionary Layer 1 blockchain and smart contract platform focused on speed, privacy, security, and accessibility. It utilizes an object-centric model based on the Move programming language, enabling parallel execution and sub-second finality. With scalable processing and storage capabilities, Sui offers fast and cost-efficient transactions for various applications. Backed by industry leaders like Andreessen Horowitz, Sui has gained attention in the trading community, challenging Ethereum‘s dominance. Its native token, $SUI , has seen significant growth since its presale, reaching a trading price of $1.14 from $0.10. Although trading volume has decreased, the token still maintains substantial daily transactions. The Sui team comprises experts from Meta’s Diem/Libra project, contributing to its widespread industry support. Notable investment firms have also backed Sui, solidifying its credibility. With a market cap of $602 million, Sui aims to capture market share from Ethereum by offering enhanced security, scalability, and on-chain data storage for applications like play-to-earn games, metaverse development, and decentralized finance (DeFi). Sui’s potential as an “Ethereum Killer” has attracted attention in the smart contract sector. Its roadmap and strong community support position the SUI token for long-term potential. Major exchanges like Binance and KuCoin have listed SUI, and upcoming listings and community investments indicate further growth prospects. Recent developments in the Sui ecosystem SuiNetwork has partnered with Mirror World to facilitate the seamless integration of commerce experiences, including NFT trading, within various applications. This collaboration aims to foster innovation and provide developers with expanded project possibilities. Additionally, SuiNetwork has recently launched KeepSakeMarket, an NFT marketplace designed specifically for Web3 gaming. KeepSakeMarket prioritizes utility and discoverability, aligning with the core values of SuiNetwork’s fast, private, secure digital asset ownership. This new marketplace opens up exciting opportunities in the gaming industry, creating a platform for enhanced experiences and interactions. SUI Name Service has been launched, offering a decentralized naming service that allows users to register a .sui name for their wallet addresses. These unique .sui names serve as convenient identifiers on the blockchain, making it easier for users to remember and share their addresses. To secure your .sui name, you can visit the SuiNS website, connect your wallet, choose a desired name, and complete the registration process by paying the necessary fee. Once registered, your .sui name enables you to send and receive assets, sign transactions, and access decentralized applications (dapps). The Sui X KCLabs Summer Hackathon is a highly anticipated event scheduled for June 10-11, 2023, at the KCLabs Innovation Center in Kansas City, Missouri. This two-day hackathon allows students from all backgrounds and skill levels to unite and showcase their creativity by building innovative projects using cutting-edge technology. BlockVision, a prominent player in the industry, has recently introduced its Indexing APIs on the Sui network. These APIs offer developers convenient access to comprehensive information about NFTs and coins on the Sui blockchain. BlockVision aims to facilitate the seamless integration of Sui’s data into various applications by simplifying integration and enhancing data retrieval efficiency. The provided APIs include features such as Account’s Collections, Single Collection Info, Collection Top Holders, Collection NFT List, and Coin Holders. SUI Token Unique Features Sui stands out from other blockchain projects due to its unique features and architecture that address common challenges faced by earlier generations of blockchains. One of the distinguishing factors of Sui is its horizontal scaling capability. Unlike earlier blockchains that experience bottlenecks, Sui enables parallel processing of transaction groups. This approach eliminates congestion by distinguishing between various objects, resources, accounts, and components within the network. Composability is another standout feature of Sui. Unlike most blockchains, Sui allows the direct passing of assets, such as non-fungible tokens (NFTs), as function arguments. Its object-centric approach also enables using more complex data structures and the ability to store assets within these structures or the assets themselves. Sui’s sparse replay feature offers a practical advantage by providing a ledger of relevant transactions without the need to track unrelated interactions with decentralized applications (dApps). This optimization reduces the cost of querying on-chain data. It allows products on the Sui platform to efficiently track the evolution of objects without extensive data retrieval from the Merkle tree. On-chain storage is another distinguishing aspect of Sui. By directly storing assets as objects on the blockchain, Sui avoids the need for Merkle tree indexing. Combined with conventional means like IPFS (InterPlanetary File System), this approach addresses the challenge of on-chain storage and enables cost-effective direct updates of assets on-chain. In addition to these technical features, the Sui project offers a range of initiatives and support to enhance its ecosystem. The Sui Move smart contract programming language is designed to be expressive, composable, and secure, catering to developers of all skill levels. The Sui Foundation provides educational resources, grants, and programs to foster a supportive and collaborative developer community. The project actively engages with the academic and research community to advance web3 technologies. Furthermore, the strong collaboration and support within the Sui community contribute to the growth and innovation within the decentralized technology space. SUI Token Founders Sui, the innovative blockchain project, was initially established by a team of accomplished individuals with significant experience and expertise in the crypto industry. The founders of Sui include Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias. These individuals were former executives and lead architects at Meta’s Novi Research, where they played instrumental roles in developing the Diem blockchain and the Move programming language. Their collective knowledge and insights have been instrumental in shaping Sui into a groundbreaking platform with unique features and capabilities. SUI Network Security and Scalability Measures Sui ensures the security of its network through a combination of consensus algorithms and innovative technologies. Initially, at the time of launch, the default consensus algorithms used by Sui were Tusk and Narwhal. However, in August 2022, Bullshark replaced Tusk as the primary option. This change was implemented to address latency issues and to enable validators with lower processing speeds to participate actively in the project. Nevertheless, Tusk can still be utilized by updating the source code. Regarding network security, Narwhal serves as a mempool within the Sui ecosystem. It ensures that the data submitted to the consensus mechanism remains available and accessible. On the other hand, Bullshark (or Tusk) plays a crucial role in organizing the data to be read by the consensus engine. This arrangement is part of the directed acyclic graph (DAG) mempool, one of Sui’s innovative features. The combination of these consensus algorithms and the DAG mempool contributes to the overall security of the Sui network. Additionally, Sui’s innovative scaling solution enhances its ability to efficiently handle a high volume of transactions. The blockchain is anticipated to achieve transaction speeds exceeding 297,000 transactions per second. SUI Tokenomics The SUI tokenomics are designed to support the ecosystem and incentivize participation within the Sui network. The following details are based on the information provided in the official Sui documentation. Token Supply and Allocation – Total Supply: The total supply of SUI tokens is capped at 10 billion tokens. – Initial Distribution: The initial distribution of SUI tokens includes allocations for multiple purposes, such as token sales, ecosystem development, team, advisors, and community incentives. – Community Incentives: A significant portion of the token supply is dedicated to community incentives, fostering engagement, and rewarding active participation within the Sui ecosystem. Token Utility – Governance: SUI token holders can participate in the governance of the Sui network. They can propose and vote on protocol upgrades, parameter changes, and other key decisions. – Staking and Validation: SUI tokens can be staked by network participants who wish to become validators and contribute to the security and consensus of the Sui network. Validators are rewarded with additional SUI tokens for their services. – Network Fees: SUI tokens are the native currency for transactions and interactions within the Sui network. Users must pay network fees in SUI tokens for executing smart contracts, transferring assets, and utilizing platform features. Token Distribution and Vesting – Token Sale: SUI tokens may be distributed through public and private token sales to raise funds for the development and growth of the Sui ecosystem. – Vesting Periods: Depending on the allocation, certain token holders, such as team members and advisors, may be subject to vesting periods to ensure a responsible distribution of tokens over time. Ecosystem Development – Ecosystem Fund: A dedicated portion of the token supply is allocated to an ecosystem fund, which is utilized to support the development of the Sui network, foster partnerships, and drive innovation within the ecosystem. – Grants and Support: The Sui Foundation provides grants and support programs to developers, researchers, and projects that contribute to advancing and adopting the Sui ecosystem. Please note that the specific details of SUI tokenomics, including token distribution percentages, vesting schedules, and governance mechanisms, may be subject to change. It is advisable to refer to the official Sui documentation and resources for the most up-to-date and accurate information. Where and how to buy SUI tokens To buy SUI tokens, you can follow these steps: Binance: Visit the Binance cryptocurrency exchange platform and create an account. Complete the necessary verification steps as required. Once your account is set up and funded, you can search for the SUI token on the trading platform. Place a buy order for SUI using the desired trading pair, such as SUI/BTC or SUI/ETH, and specify the SUI tokens you want to purchase. Review the details and confirm the trade to acquire SUI tokens. Bybit: If you prefer trading on Bybit, sign up for an account on the Bybit platform. Complete any required verification procedures and deposit funds into your account. Navigate to the trading section and search for the SUI trading pair. Choose the trading pair that suits your preference, such as SUI/BTC or SUI/ETH. Set the order type, enter the amount of SUI tokens you wish to buy, and review the order details. Finally, execute the trade to acquire SUI tokens on Bybit. KuCoin: Create an account on the KuCoin exchange and complete the necessary verification process. Deposit funds into your account, ensuring you have sufficient funds to buy SUI tokens. Once your account is funded, navigate to the trading section and search for the SUI token. Choose the trading pair that suits your needs, such as SUI/BTC or SUI/ETH. Set the order type, specify the amount of SUI tokens you want to purchase, and review the order details. Confirm the trade to buy SUI tokens on KuCoin. Conclusion The SUI Token has shown significant growth and gained popularity in a short period of time. The Sui project has launched various initiatives, including a mainnet and a DeepBook, positioning itself as a promising project with a strong community. While our analysis suggests that SUI Coin is a potentially good long-term investment, it’s important to remember that the cryptocurrency market is highly volatile and subject to rapid changes. Proper risk management and thorough research are essential when considering any investment in cryptocurrencies. As for the SUI Token reaching $10, our long-term prediction indicates that it could potentially reach that target by 2025 if current growth trends continue. However, it’s important to note that crypto markets are unpredictable, and sudden price fluctuations can occur. The success of the Sui project and the achievement of price targets will depend on factors such as adoption, community support, market conditions, and overall cryptocurrency trends. While the SUI Token has attracted attention and has support from major exchanges, it’s important to exercise caution and make informed decisions. The SUI Token’s performance should be monitored closely, and investors should consider their risk tolerance and investment goals before making any decisions. What is SUI? SUI coin is a cryptocurrency that serves as the native token of the SUI network. It enables users to participate in the SUI ecosystem, including contributing to the network's governance, staking, and earning rewards How can I get SUI coins? You can obtain SUI coins through various methods, such as participating in the SUI token sale, purchasing them from supported cryptocurrency exchanges, or earning them through staking and participating in the network's activities. What can I do with SUI coins? SUI coins have multiple use cases within the SUI ecosystem. You can stake your SUI coins to secure the network and earn rewards, participate in the governance process by voting on proposals and shaping the network's future, or use them for various services and products within the SUI network. How do I stake my SUI coins? To stake your SUI coins, you need to hold them in a supported wallet and follow the staking process outlined in the SUI documentation. By staking your SUI coins, you contribute to the network's security and consensus, and in return, you receive staking rewards. What are the benefits of staking Sui coins? : By staking SUI coins, you not only support the network but also earn staking rewards. These rewards are distributed to participants who actively stake their coins, encouraging network participation and long-term commitment. How can I participate in the governance process? A6: SUI coin holders can participate in the governance process by voting on proposals that impact the SUI network. Through voting, you have a say in the network's development, decision-making, and future upgrades. Are there requirements for the governance process? To participate in the governance process, you need to hold a minimum amount of SUI coins as specified in the governance documentation. The minimum holding requirement ensures that participants have a vested interest in the network and discourages manipulation Can I transfer my Sui coins to other wallets or exchanges? Yes, you can transfer your SUI coins to other wallets or supported exchanges. SUI coins are fungible tokens that can be freely transferred, traded, or stored in compatible wallets. Is there a maximum supply of SUI coins? Yes, the maximum supply of SUI coins is fixed and predetermined. Details about the total supply and distribution can be found in the SUI coin's whitepaper or relevant documentation. Where can I find more information about SUI coin? You can find more information about SUI coin, its features, use cases, and the SUI network in general by referring to the official SUI documentation available at the following link: https://sui.io/

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