Category: AI

Inlinewithabroadertrendamongmajortechfirms,Chinesee-commercebehemothAlibabaisdownsizingitsmetaverseoperations. Therestructuring,whichaimstoimproveefficiency,ledtolayoffsinYuanjing,Alibaba’smetaverseunit,asthecompanyrecalibratesitsfocusinthissector. DownsizingMetaverseUnit AccordingtothereportbySouthChinaMorningPost,whichisalsoownedbyAlibaba,thismovehasaffected“dozens”ofemployees.ThelayoffsreportedlyimpactedYuanjing’soperationsacrossShanghaiandHangzhou,Zhejiangprovince’scapital. Theunitoncehadhundredsofemployeesandreceivedsignificantinvestmentsinthe“billionsofyuan.”Despitethereductionintheemployeecount,theunitwillstillremainactiveandwillshiftitsfocustometaverseapplications,tools,andcustomer-orientedmetaverseservices. Aspartofitsmetaverseefforts,Alibabaspearheadeda$60millioninvestmentroundinNreal,aChinesecompanyspecializinginaugmentedreality(AR)glasses. IndustryobserversbelievedthatAR,virtualreality,andmixedrealitytechnologieswouldserveastheprimarygatewaysforuserstoengagewithmetaverseplatformsinthefuture.Furthermore,Yuanjingdevelopedacloud-basedoperatingsystemthatfacilitatedtheuseofthemetaverseinvideogamesandvariousindustrialsectors. Lastyear,AlibabaCloud,abranchoftheChinesee-commercecompany,teamedupwithAvalanchetobuildalaunchpadforcompanieslookingtodeploytheirmetaverseapplicationsontheLayer1blockchain. FocusonAI Alibaba’sdecisiontoreduceitsmetaverseworkforcemirrorsthetrendamongotherleadingtechfirmsthatarescalingbacktheirinvestmentsintheonce-promisingsectorandreallocatingresourcestowardartificialintelligence(AI). InOctoberoflastyear,Facebook’sparentcompany,MetaPlatforms,laidoffemployeesfromitsFacebookAgileSiliconTeam,partofitsRealityLabsdivisiondedicatedtodevelopingcustomsemiconductors.Additionally,Baidu’smetaversehead,MaJie,departedinMayasthecompanyshifteditsfocusmoreheavilytowardAIfollowingthelaunchofChatGPTbyUSstartupOpenAI. Evenastheinitialhypebehindthesectorappearstohavewaned,datafromGlobalMarketsInsightssuggestthattheglobalindustrialmetaversemarketwasvaluedat$22.4billionin2023andisexpectedtoexpandatacompoundannualgrowthrate(CAGR)of29.5%from2024to2032. cryptopotato.com

TheCardano(ADA)communityralliedtosupportCharlesHoskinson,theblockchain’sfounder,followingsharpcriticismsonX(formerlyTwitter).ThedebatebeganonSaturdaywhenauserbythehandle“Dclay”postedaskingforHoskinson’sinvolvementintheproject. ThepostaskedifHoskinsonwasslowingdownCardanoinsomeway,suggestinghispersonalityandemotionswereanissuefortheblockchain. Sorryifthistriggersanyofy’all,tbhithadtobeasked.Homieisanemotionalwreck. —Dclay🪙(@DclayTlks)November3,2024 Anotheruserechoedtheseviews,callingHoskinsonthe“biggestenemy”ofCardanoandassertingthathehad“donemoreharmthangood.”ThestatementsattractedtheattentionoftheCardanocommunity,andmanypeoplecametosupportHoskinson. ADAcommunitydefendsHoskinson’scontributions SomeusersdefendedHoskinson,praisedhisefforts,andmentionedthatheisagreatleaderwithagoodvisionfortheproject.Onecommunitymembercommented,“Cancerwouldimplynegativegrowth.Youjustkeepbeingyou,UncleCharlie.DonemoreforcryptothanSatoshiatthispoint.”Thissentimentwasechoedbymany,showingthatHoskinsonisheldinhighregardbytheCardanocommunity. Inresponsetotheuproar,HoskinsonaddressedthecommunityonSundayandaskedadirectquestion:“IsCharlesHoskinsonacancerforCardano?”Atthetimeofthiswriting,resultsshowthat51.6%ofparticipantsdisagreedwiththenegativestatement,and48.4%agreedwithit. Hoskinsonalsoexpressedfrustrationaboutthetoneinthecommunity,sayingthatmanyforumslikeXoftenturnintoplaceswherepeopleinsultoneanother.Helamentedtheprevalenceoflabelslike“cancer”and“evil”.HedeclaredthathewouldbecuttingdownhisactivityonXtofocusonthe“moreproductiveandcurated”platformsforinteractingwiththeCardanocommunity. Cardano’spushfordecentralizedgovernance ThedebatehighlightsacontinuingsplitwithinCardano’scommunity.SomecriticshavecomplainedthatHoskinsonstillwieldstoomuchcontrol,aproblemthathasnotbeencompletelyalleviatedevenasCardanohasshiftedtowardamoredecentralizedmodel.ItscurrentemphasisontheVoltaireeraisinlinewiththenetwork’svisionofdecentralization,whichisplanningontransferringthecontrolofthenetworktothecommunity. KeydevelopmentsincludethelaunchofNode10.11ontheCardanomainnetasannouncedbyIntersectMBO,aCardano-ledmemberorganization.WithNode10.11beingthefirstmainnetreleasetosupporttheChang#2inter-erahardfork,Cardanomovesfromthebootstrappingphaseofgovernancetoafullyintegratedmodelontheblockchain. Node10.11containsfeaturesthatseektoenhancegovernancewithintheCardanocommunity.StakePoolOperators(SPOs)cannowdelegatetheirvotestoalistofoptions,whileDelegatedRepresentatives(DReps)nowhaveanauto-abstainoption,whichenablesthemtodeclinetovoteoncertaindecisions. Inadditiontothegovernancetools,theupgradealsoimprovesCardano’sledger,command-lineinterface(CLI),API,andnetworkingcodetocreateastrongplatformforinteractionanddecentralizedvoting. cryptopolitan.com

Acloselyfollowedcryptoanalystbelievesthattwoaltcoinshavethepotentialtoskyrocketbyasmuchas5xbeforethiscycleisover. PseudonymousanalystAltcoinSherpatellshis228,100followersonthesocialmediaplatformXthathe’sextremelybullishonthealtcoinmarket. Accordingtotheanalyst,evenaveragealtcoinswillseemassivepriceralliesifconditionsturnbullishforcrypto. Specifically,thetraderseesthedecentralizedoraclenetworkChainlink(LINK)andthelayer-1protocolAlgorand(ALGO)printinggainsbetween400%and600%beforethecurrentcyclecomestoaclose. “Marketaverageforsh*tcoinsfromhereonout:probablyabout3-5xforthiscycleonthelowendand5-10xforpricesonthehighend. Meaning:Ifyoubuyprettymuchanythingatthispointintime,Iexpectittogo3-5x. HerearetwoexampleswithLINKALGO.” Source:AltcoinSherpa/X Lookingatthetrader’schart,heseemstopredictthatLINKwillsurgebyover350%torevisitall-timehighlevels.AsforALGO,AltcoinSherpasharesachartsuggestingthatanover300%movewillnoteventakethecoinclosetoitsall-timehighof$3.56. Source:AltcoinSherpa/X TurningtothetopmemecoinDogecoin(DOGE),AltcoinSherpathinksthealtcoinistakingabreatherbeforesparkinganewlegup. “ThisisthebottomyouwanttoseeforDOGEinmyopinion. Lotsofvolatilityandarangeforming.” Source:AltcoinSherpa/X Attimeofwriting,DOGEistradingfor$0.159. AltcoinSherpaalsonamesothercoinsthathethinkswilldowelloncethemarketentersfull-bullterritory. “Mid-capmemesaretakingalotofmindshareandIstillthinkstufflikeBONK/PEPE/WIFprobablyoutperformsagreatpercentageofutilitycoins.Butifyou’relookingforutility,Iwouldprobgo: -NewcoinslikeEIGEN-Highfloat/oldercoinslikeFTM(+rebrand)-newinfracomingoutlikemonad/berachain-newcoinsthatcameoutanddownonly(neverpumped)akaREZ,ZKandthosetypes Lotsofdifferentwaystoplaytheupcomingaltpump;beflexibleandprepared.” dailyhodl.com

OnNovember3,2024,thecryptocurrencymarketexperiencednotablebouncesandsignificantliquidationsacrossvariousassets.AccordingtoPhoenix,acryptomediaoutlet,$APEledthechargewithanimpressivebounceof8.49%.Thisriseshowsthatthereisincreasingattentionandupwardtrendinthismarketwhichmeansthatinvestorsareinterestedinthisparticularasset. DailySummaryonNovember3,2024$APE$IMX$RAY$BEAM$ORDI$BTC$ETH$DOGE$SOL$SUI#dailysummary#DeFi#Cryptopic.twitter.com/MR35vT9S07 —PHOENIX–CryptoNews&Analytics(@pnxgrp)November3,2024 $IMXRises6.08%,ReflectingTraderOptimismandCloselyFollowing$APE Insecondplace,$IMXhadanincreaseof6.08%.Thisincreaseisattributedtooptimismfromthetradersandmaymeanexpansionforthetoken.Anotherwhodistinguishedhimselfwas$RAYwhichincreasedby5.65%Thisonlyaddedtotheoverallpositiveoutlookinthemarket.Thesebouncesindicatethattradersareinterestedinthealtcoinsandastheysearchfornewopportunitiesoutsidethebiggestcoins. Otheraltcoinsalsopostedgoodresultsonthisdayaswell$BEAMincreasedby3.79%andremainsanobjectofinterestforinvestors.Atthesametime,$ORDIhasa3.78%improvement,whichalsoshowstheupwardmovementin$ORDI’sperformance.Thesemovementsindicatethatvariousvaluesinthecryptosphereareattractingtheattentionoftradersinsearchofnewinstruments. $BTCLeadsLiquidationswith$62.17MilliononNovember3 Incontrasttosuchbounces,theliquidationenvironmentwascharacterizedbyratherimpressivenumeration.Bitcoin($BTC)wasbyfarthemostliquidatedtokenonthelistwithliquidationsworth$62.17million.Thisfigurealsoshowsthecurrentoscillationofthemarketandrepresentstraders’responsetohigh-speedfluctuationsofprices.SecondonthelistwasEthereum($ETH)at$27.21million,showingthestrugglesofthesecondmostvaluablecryptocurrency. Additionally,$DOGEwasliquidatedfor$10.11million,andSolana$SOLfor$8.26million,whichshowsthatmanytradersarestillworriedaboutthepriceriskoftheseassets.Finally,$SUImadeliquidationsworth$4.56millionwhichispartoftheoverallliquidationsinthemarket. Lastly,thefluctuationinthecryptocurrencymarketcanbefurtherseeninthemovementsofbouncesandliquidationsonNovember3,asreportedbyPhoenix.Whilesomecoinsareonanupwardtrajectory,othersareexperiencingtremendousdumping.Suchanenvironmentmeansthattherearebothopportunitiesandrisksfortradersintheworldofcryptocurrencies. blockchainreporter.net

FollowinganotableuptickinSeptember,ShibaInuhasbeeninrecoverymodeforthepastfewweeks.Importantmovingaveragesonthecharthaveconverged,whichhasputSHIBontraders\'radarsastheywatchforanimpendingvolatilityspike.Inthepast,movingaverageshavefrequentlyindicatedanapproachingspikeinpricevolatilitywhentheybegintoconverge.Lookingatthecurrentchart,wecanseethatSHIB\'smovingaverages,especiallythe50-100and200-dayEMA\'s,aregettingclosertogethertoformatechnicalsetupthattypicallycomesbeforeabreakout. Whenthemarketbuildsupenoughmomentumtopushpastpredeterminedresistancelevelsordeclinetowardsupport,suchapatternfrequentlyservesasapreludetoasignificantpricemovement.TherecouldbeasignificantpriceincreaseforSHIBifthisconvergenceissuccessfulinproducinganupwardbreakout.Crucialresistancelevelsarelocatedaround$0.000018and$0.000019. Abullishrallymightbefuelediftheselevelsarebroken,whichwouldencouragemorebuyingpressure.Incontrast,ifthevolatilityspikecausesSHIBtodecline,theassetmustremainabovethemostrecenttrendlinesupport,whichislocatedat$0.0000168,inordertopreservethebullishstructure.TheRelativeStrengthIndex(RSI)ispresentlyinaneutralzone,whichaddstotheoptimismbyindicatingthatSHIBhaspotentialforupwardmomentumwithouthittingoverboughtterritoryrightaway. Dogecoinuptrendended There\'snoreasontopaniceventhoughDogecoinrecentlydropped15%fromitsrecenthighs.Inadditiontobeinganticipated,thiscorrectionmaybeadvantageousfortheasset\'soveralltrajectory.Suchpriceretracementsaretypicalduringrobustuptrends,enablinganassettoestablishastrongerbasisforfuturegains. Ascanbeseenfromthecurrentchart,Dogecoinhasseenasignificantupswinginrecentweeks,breakingthroughmultipleresistancelevelswithconsiderableforce.Apricepullbackisrequiredforamoresustainablegrowthpatternbecausethistypeofabruptascentfrequentlyresultsinoverboughtconditions.Aclassictechnicalsetupinwhichanassetcanresetbeforeresumingitstrendseemstobeinlinewiththecurrentretracement.Acontributingfactortothepositiveperceptionofthiscorrectionistheexistenceofsupportsurroundingthe50-dayand100-dayEMAs. ThesemovingaveragesmayprovideDogecoinwithasolidfoundationfromwhichtorecoverastheyarecurrentlyconvergentclosetoimportantpricelevels.Accordingtotechnicalanalysis,thesesupportlevelscanserveaslaunchingpads,enhancingtheasset\'sabilitytosustainitsupwardtrend. Asformarketsentiment,Dogecoincontinuestohaveastrongfollowing,whichwillprobablyleadtofreshbuyingpressureoncethiscorrectionlevelsoff.Furthermore,theRelativeStrengthIndex(RSI)hasshiftedawayfromoverboughtlevels,suggestingthatDOGEcannowrisewithoutencounteringsellingpressurerightaway. BTCcanstillrecover Bitcoinhasrecentlyexperiencedadeclineaftermomentarilyreachingthe$70,000mark,buteveryoneiswatchingforapossibleresurgencepointnearits26-dayExponentialMovingAverage(EMA).Atthemoment,Bitcoiniscirclingaroundthiscruciallevel,amovefromherecoulddecidewhethertheassettriestorecover$70,000again. Inuptrends,the26EMA,whichisrepresentedbythegreenlineonthechart,frequentlyservesasadynamicsupportleveldrawingbuyinginterestduringcorrections.Bitcoinbouncedbackwhenitfelltothislevelinthepast,andifthesamesupportmaterializesnowtheremaybeasignificantshort-termrally.It\'simportanttounderstandthateventhoughthe26EMAprovidesatechnicalconfigurationthatmightleadtoareversal,thissituationisnotasurefirewaytorecover. GiventhepossibilityofadditionaldeclinesintheeventthattheEMAsupportfails,therecentdownwardmomentuminBitcoincallsforcaution.ThenBTCmightretestlowersupportssuchasthe50oreven100EMAs.However,Bitcoinmayrapidlyregainmomentumandmakeanothermovetowardthe$70,000markifbuyersgetinatthe26EMA.Thislevelhasturnedintoapsychologicalbarrier,andastrongcloseaboveitmightrekindleoptimismandpushBitcointotestitspriorall-timehighs. Tosummarize,thewaythatBitcoinreactstothe26EMAcoulddetermineitsshort-termcourse.Eventhougharecoverycouldbesparkedbythislevel,investorsshouldbereadyforeitherscenario. u.today

ThecryptocurrencymarketiswitnessinganotablecorrectionaheadoftheU.S.presidentialelectionof2024.AsBitcoinpriceplungedbelowthe$70,000mark,thealtcoinmarketisexperiencingrenewedsellingpressure.WhiletheDogecoinpricefollowsthesamemomentum,arenownedcryptoanalystidentifiedapossiblebottomformationformostmajoraltcoins.Currentlytradingat$0.15,theDOGEhoversatacrucialsupportzonetoregainitsbullishmomentumfora$0.2rally.

U.S.-basedcryptoexchangeKrakenhaslaunchedanewsuiteofcryptoderivativesproductsforAustralianwholesaleclients,aimedataligningwithregulatorystandardsfollowingarecentlegalchallengeinthecountry. Kraken’slicensedbrokerofferingwillallowinstitutionalclientstogainexposuretocryptopricemovementsthroughderivativeswithoutdirectlyholdingtheunderlyingassets,thecompanysaidSunday. Theserviceincludesmulti-collateralsupport—fiat,stablecoins,andcrypto—heldwithinwhatKrakendescribesas“oneofthemostrobustcustodialsolutions,”availableforover200tradableassets. KrakensaiditremainscommittedtomaintainingafootholdintheAustralianmarketwhilecateringtoinstitutionaldemandamidanevolvingregulatorylandscape. ItslaunchcomesmonthsafterKraken’sdomesticoperator,BitTradePtyLtd,lostacourtcasewithAustralia’sfinancialregulator,theAustralianSecuritiesandInvestmentsCommission. InAugust,Australia’sFederalCourtruledthatBitTradefailedtomeettherequiredstandardsforitsmargintradingproductbynotprovidingatargetmarketdetermination,arequirementunderAustralia’sCorporationsAct. Therulingunderscoredtheneedforcryptoproductstomeetstringentcompliancemeasurestoavoidpotentialconsumerrisks. Now,asthecompanyattemptstoshakeoffthatlegalhurdle,itsnextchallengeliesindifferentiatingitselffromrivalexchangesofferingsimilarproducts,includingSwyftxandOKX. Inanycase,Kraken’sGeneralManagerforAustralia,JonathonMiller,saidthederivativesbrokerofferingisaresponsetoincreasingdemandfrominstitutionalclientsforcompliant,high-securitytradingoptions. Toqualify,anindividual\'snetassetsmustexceed$2.5million(US$1.64million)withagrossannualincomeexceeding$250,000(US$164,000)forthelasttwofinancialyears. “AustralianwholesaleclientsarelookingfortheabilitytoexecuteadvancedtradingstrategiesusingalicensedbrokerbackedbyKraken’shigh-securitystandards,”Millersaidinastatement. WholesaleclientscanbeginexploringthenewofferingviaKraken’ssupportpage,andexistingclientscanconfirmtheireligibilitythroughtheKrakenProapp. decrypt.co

JasmyCoinempowersuserswithprivacy-focusedblockchainsolutions,mergingIoTanddataownershipinauser-friendly,secureecosystem. Confluxleveragesahybridconsensus,offeringscalability,lowfees,andsecuredAppinfrastructureforseamlesstransactionsandnetworkgrowth. Notcoinbuildscommunitythroughgamifiedexperiences,rewardingactiveusersandfosteringawelcoming,entry-levelpathtoWeb3. Severalpromisingcryptosunder$0.10aregainingtraction.JasmyCoinfocusesondataprivacy,Confluxenhancesscalability,Notcoinrewardscommunityengagement,andVeChainstrengthenssupplychaintransparency.Theseaffordabletokensofferreal-worldvalueandpotentialgrowth. JasmyCoin(JASMY)Mission:UserDataEmpowerment Currentprice:$0.01756 Marketcap:$866.82M Tokyo-basedJasmyCoinisrisinginpopularity,withitsclearfocusondataprivacyinaninterconnectedworld.Jasmy’splatformcombinesblockchainwithIoT,allowinguserstocontroltheirdataacrossvariousdevices.Thissecureenvironmentenablesseamlessinformationsharingwithoutriskingprivacy,givingusersthetoolstotransformpersonaldataintoindividualassets.Bycreatingamodelfocusedondecentralizeddataownership,JasmyCoinissettinganewstandardinuser-controlledinformationsecurity. Conflux(CFX)BoostsScalabilityandLowFees Currentprice:$0.1426 Marketcap:$644.32M Confluxisaprominentlayer-1blockchaindesignedforthehighdemandsofWeb3anddAppinfrastructure.Builttohandlesignificanttransactionvolumewithoutcongestion,ConfluxusestheuniqueTree-Graphconsensusmechanism,whichcombinesPoWandPoSalgorithmsforoptimalefficiency.Thisprotocolofferslowfees,fasttransfers,andhighscalability,makingitsuitableforapplicationsrangingfrome-commercetodecentralizedfinance.Asaresult,Confluxstandsoutforitscommitmenttodecentralizationandenhancedperformance,avitalaspectofdigitaleconomy. Notcoin(NOT)TurnsCommunityEngagementintoWeb3Value Currentprice:$0.006417 Marketcap:$654.71M NotcoinstartedasasimpleTelegramgame,butithasevolvedintoacommunity-centeredtokenknownas$NOT.Today,NotcoinengagesusersbygamifyingtheWeb3experience,rewardingthemwithtokensforparticipatingandcontributing.ThisinnovativemodelmakesWeb3accessibleandrewarding,capturingtheinterestofamarketthatvaluesinteractiveandengagingdigitalexperiences.Notcoin’sstraightforwardapproachtocommunityrewardsalignswellwiththegrowingdemandforuser-focusedplatforms. VeChain(VET)ReinventsSupplyChainTransparency Currentprice:$0.02128 Marketcap:$1.78B VeChaincontinuestomakesignificantstridesinsupplychaintechnologywithitsdual-tokensystemandtheVeChainThorblockchain.VET,itsnativetoken,supportsindustrieslikefoodandfashionbyassigninguniqueidentifierstoproducts,providingaccuratetracking,andensuringtransparency.VeChain’spartnershipswithglobalbrands,includingBMWandWalmartChina,demonstrateitspracticalapplicationinreal-worldindustries.Witharobustproof-of-authorityvalidationmodel,VeChainiswell-positionedtodrivemorewidespreadadoptionasbusinessesseekenhancedtraceabilityandauthenticity. cryptonewsland.com

Kaspa(KAS)iscurrentlyexperiencingincreasedattentionfromanalystsandinvestorsfollowingitsvolatilityaroundacrucialpricelevel. Currentlytradingnear$0.1122,thecryptocurrencyhasexperiencedsharpfluctuations,movingbetween$0.1and$0.2,whichhaspromptedtechnicalanalysisofpotentialpricemovements. However,experts’analysisindicatesthatthecomingdaysmightbevolatileastheyobservecertainkeylevelsandindicatorsforapossibletrendreversal. PersistentDownwardPressureAmidstKeySupportLevels KaspahasbeeninadowntrendandiscurrentlyresidingjustabovethelowerBollingerBandat$0.10708.Thispositionbelowthe20-daysimplemovingaverage(SMA)of$0.12443showsthatKaspaisstillinabearmarket. Asperanalysts’projection,assumingtheSMAremainsfirm,itwillbehardforthebullstopushthepricehigherfrom$0.107,akeyresistancelevelthatcouldpreventanyfurtherupwardmove. 1-dayKAStradingchart|SourceTradingView TheRelativeStrengthIndex(RSI)alsosupportsthisbearishoutlookasitamountsto35.30,whichisslightlyovertheoversoldreadingof30. Whilenotyetsignalingoversold,thislevelindicatesaslowingupwardmovementbutifitreachesthislevelagainitcouldbeabuysignal. SomeanalystspredictthatifKaspabreaksabovethe20-daySMA,thenitislikelythatanupwardreversalpatternwilloccur.Inthemeantime,therearebearishsignals. AnalystForecastsSuggestaPotentialReboundForKaspa(KAS) Technicalanalyst,Simon,hasalsostatedthatKAScouldbeeyeingafurther4-5%increasetothe$0.12level. $KASlooksreadyfora4-5%pushupwards. Ifwepushto$0.12,itbecomesacriticallevel.We\'llneedclearbullishpriceactionandhigherhighstocontinuethesmallupwardtrend.#Kaspa#Kas#crypto#cryptocurrencypic.twitter.com/3dpZ5cXKrn —Simon(@simonnyyberg)November1,2024 AccordingtoSimon,breakingthisresistancewithhigherhighsandstrongvolumecoulddrivebullstothenextpricelevel.The$0.118-$0.1216resistancezoneisakeybarrier.Breakingitcouldboostinvestorconfidenceandindicateastrongertrend. Source:X IfKaspaiscapableofbreakingthe$0.12markwithstrongvolumes,thenthecryptocurrencymightsignalanupwardtrajectory. Nevertheless,ifpricesfailtobreachthislevel,itmightpullbackandconsolidatefurtherwithintherangeasinvestorsawaitthenextsignal. CommunitySentimentandLong-TermPricePredictions TheKaspacommunityonX(formerlyTwitter)continuestoremainpositiveintheirapproachwithseveralofthemattributingthecurrentpricefluctuationtonormalpricechangesthatsurroundKaspagrowth. Accordingtooneuser,Kaspa(KAS)oftenfluctuatedbetween$0.1and$0.2beforeandthecurrentrangeof$0.1to$0.125istheperfectentrypointforlong-terminvestors. Thisperspectivealignswiththebeliefthatvolatilityisaconstantincryptomarkets,withsomeevenadvisingthoseuncomfortablewithsuchswingstoexploremorestableinvestments. Lookingahead,Kaspasupportershavesharedambitiouspricepredictions,withtargetsof$0.32and$0.51bytheendof2024. ThereisincreasingbeliefthatKaspacouldachievea$100billionmarketcap,supportedbyupcomingcatalystsandprojectadvancements.Whilethesetargetsremainspeculative,consistentsupportfromtheKaspacommunityandupcomingcatalystsmaysustaininvestorinterest. thecoinrepublic.com

CharlesHoskinsonlinkedtoamemecoincrash,sparkingbacklashfromtheCardanocommunity. ADAfounder’smemecoincommentleadstoacommunitypollquestioninghisimpact. Nearly51%ofpollrespondentscurrentlyviewHoskinsonasanegativeinfluenceonCardano. CharlesHoskinson,theheadoftheCardanoblockchain,isfacingbacklashbecauseofhisreactiontothememecoin.Hoskinson,knownforhisworkinthedecentralizedecosystem,connectedapricechartofamemecoinreplicatinghisWaldocostumeforHalloween.Thisactionhassparkedcontroversy,asthememecoinsoonbecamerugged,leadingtosignificantliquiditylossesandincreasingfrustrationamongCardanoenthusiasts. MemeCoinIncidentStirsDebateonHoskinson’sRoleinCardano Afterthememecoincollapsed,aspecificgroupofADAsupportersexpresseddisappointmentinHoskinson,statingthathisactionslessenedtheirconfidenceintheecosystem.Althoughmemecoinsarenormallyseenasriskyandunsupervisedinvestments,thegroup’sdissatisfactiongrewassomecommunitymemberssawHoskinson’sinvolvementintheasset’sdecline.ThebacklashevenledtoaminoritylabelingHoskinsonasa“cancerofCardano,”suggestingthathisactionsnegativelyimpactedADA’sreputationandpricestability. Well,let\'ssettlethisonewithapollhttps://t.co/Ge42F7sGTB —CharlesHoskinson(@IOHK_Charles)November3,2024 Toaddresscommunityconcerns,Hoskinsonrespondedbyinitiatingaweek-longpollonX,formerlyknownasTwitter.Thepoll’ssimplequestion,“IsCharlesHoskinsonacancerforCardano?”presentstwooptions:“yes”or“no.”Thepollresultscurrentlyleantoward“yes”at50.5%,reflectinganarrowdivisionamongrespondents. CommunityVoicesDivergeasSupportersRallyforHoskinson Despitethecontroversy,someprominentCardanosupportershaveralliedtodefendHoskinson.Amongthem,RickMcCracken,arespectedfigureintheADAcommunity,suggestedthatthepollmightbesubjecttomanipulationbybotsandemphasizedthatHoskinson’scontributionstoCardanoareundeniable. AccordingtoMcCracken,somemayviewHoskinson’svocalapproachandstrongreactionsunfavorably,yettheyreflecthiscommitmenttotheprojecthecreated. cryptonewsland.com