Category: AI

Bonk(BONK),aSolana-basedmemecoin,wentsidewaysthroughouttheweek,displayingindecisionamongtraders.However,anuptrendinakeyindicatorsuggestsabullishdivergenceisforming. Meanwhile,BONKpricecomfortablyheldgainsabovethekeyEMAsandattemptedtobreachtheprimaryhurdleof$0.00002400. Thebullishconvictionarosefromtherecentbreakoutobservedonthechart.Lastweek,thememecoinbreachedatrendlinebarrieranddecisivelyretestedtheregion. Itwaspoisedforafreshhigherhighswingabove$0.00002400andcouldseea20%upswinginthefollowingsessions. DirectionalMovementIndexPointstoBullishTrendforBONK BONK’sDirectionalMovementIndex(DMI)showsaslightlybullishmomentum.The+DIorpositiveDIisat23.40,whereasthe-DIornegativeDIisat8.80,indicatingthatthebuyingpressurehasoutpacedthesellingpressure. DMIIndicator|Source:TradingView BONKpricewastradingat$0.00002327,notinganintradaydropofover1.11%andaweeklysurgeofaround10%. ThepairofBONK/BTCwastradingat0.000000000340BTC,andhadavolume-to-marketcapratioof0.0724. Withamarketcapof$1.72Billion,thememecoinwasranked50thamongthetop100cryptocoins. BONKPricePrediction:Isa20%RallyImminent? OnOctober20,BONKpricetradedabovethekeyEMAsandformedagoldencross,a20%surgeislikelyinthefollowingdays. The20-dayEMAlinehascrossedthe50-dayEMAonanupwardside,signalingabullishshiftinmomentumandindicatingupwardpricemovementinthefollowingsessions. Also,whentheshorterEMAcrossesabovethelongerone,itmeansthattheshorttermbullishtrendwasintact. InarecenttweetonX,cryptopunkrocksaidthatBONKcryptobouncedfromthe23.6%Fiblevelandwitnessedaccumulation. Adailycloseabovethedescendingtrendlineof$0.00002400wouldgiveanothercrossoverof50-dayand200-dayEMAs. $BONKtested0.235FIBfromthecompleteretracementandbounced.Nexttesttobreakdesc.trend.#BONKpricepulledbacksofar.HopetoseeanotherriseanddailyclosinggreencandlesothatEMA50willclearlycross200frombelow.pic.twitter.com/Wbi8NEk7Ei —CPR(@cryptopunkrock1)October19,2024 TheRelativeStrengthIndex(RSI)linestayedabovethemidlineregion,around56atpresstime,formingapositivedivergence,signalingabullishoutlook. BONKPriceChart|Source:TradingView TheMovingAverageConvergenceDivergence(MACD)indicatorsignaledbullishness;theMACDlinestayedabovethesignalline,conveyingapositivestance. LongorShort?DataShowsMixedCues DatafromCoinglassindicatesthattheNetflowgraphdisplayedmixedcues.LookingatthedirectionofNetFlow,itisclearthatmoretradersarewithdrawingtheirBONKfromexchanges,indicatingapositivestance. NetflowData|Source:Coinglass Overthelastsevendays,tradershavewithdrawnover$4.10MillionworthofBONKfromBinanceand$1.03MillionfromBybit.However,thelong/shortratiowasat0.9444,favouringthelongsidetrades. Meanwhile,theOpenInterest(OI)hasdroppedover3.20%to$8.31Million,whichsignifiesaminorlongunwindingmoveoverthepast24hours. thecoinrepublic.com

AlthoughflyingundertheradarconcerningpricemovementsduringBitcoin’srecentbullrun,thedog-themedcryptocurrencyShibaInu(SHIB)wasabletoappreciate8.18%inthelastweekwhileBitcoinreclaimedthe$69,000markonFriday.Analystshavealreadypredictedfurtherupwardpotentialforthismemecoin. AnalystPredicts200%SurgeForShibaInu CryptoanalystMMBTtraderseemsratherpositiveaboutthefutureprospectsofShibaInuasheexpectsa200%increaseto$0.000038.Ashesays,theSHIBhadalreadyregistereda75%gainfromthe$0.000011supportlevelwithinthepricechart.ThealtcoinhadindeedralliedfromthedemandzoneintheearlyperiodsofAugustandSeptember,accelerateditspace,andsettledat$0.000019. ForSHIB,MMBTtraderpredictsthatitwillnotjustconsolidateto$0.00003852.Asamatteroffact,heexpectsthehigherhighsandhigherlowspatternwheretheinitialpushtoMay’shighsat$0.000028willthenbecorrectedtoSeptember’shighsat$0.000021.Incasethoselevelshold,thememecoincouldpulltothetargeted$0.00003852. ConflictingViews:BearishOutlookFromSwallowPremium MMBTtraderstillremainsbullishaboutShibaInu,butSwallowPremium,ontheotherhand,isalittlemoreconservative.Hesaysthatthecryptocurrencywouldcontinuetogoupuntilithits$0.0000216,andthencorrect35%downto$0.000014075.Hisanalysisreadsthatthedowntrendwouldbetriggeredbyacorrectiondownto$0.0000195,whichmaybeagoodtimetoopenashortposition. However,PremiumalsocautionsthatifSHIBbreaksoverthepriceof$0.0000216,abearishoutlookcouldbeinvalidated,sendingthepricemuchhigherthanwhatithasalreadyrecorded. ShibaInu’sPricePathForward ShibaInutradesat$0.00001925,closeto11%belowthelevelof$0.0000216resistance.VariouspredictionsmadebymarketexpertsconveyadivergenceofsentimentonSHIBtrajectory.MMBTtraderprojectionforapossible100%increaseisbasedonanunderlyingconvictionforperpetuationofanupwardtrend.SwallowPremiumsoundsanoteofcautionwitha‘critic’viewofcorrectingit. ShibaInu’sfuturepriceactiondependsonbreakingkeyresistancelevelsandmaintainingmomentum.AsSHIBnearscrucialpricepoints,traderswillwatchforbreakoutsigns.Thecomingweekswillbecriticalindeterminingwhetheritcanrisefurtherorfaceanotherrejection. FeaturedimagefromPexels,chartfromTradingView newsbtc.com

ThemarketcapofTether($USDT)hassurpassed$120billion,accordingtodatafromLookonchain.Currently,thereare120.17billion$USDTincirculation.Thismarksasignificantmilestoneforthepopularstablecoin.Thisisanimportantstepforoneofthemostwidelyusedstablecoins. The$USDTmarketcapexceeds$120billion! Thecurrentcirculationof$USDTis120.17B$USDT,ofwhich61.49B$USDT(51.17%)iscirculatingon#TronNetworkand54.48B$USDT(45.34%)iscirculatingon#Ethereum.https://t.co/5Mzl43My0Spic.twitter.com/UUpm8FM4vC —Lookonchain(@lookonchain)October20,2024 TronSurpassesEthereuminTether($USDT)Circulation,LeadingStablecoinNetwork Ofthetotalcirculation,61.49billion$USDT(51.17%)areincirculationonTronnetwork.Therestof54.48billion$USDT(45.34%)isontheEthereumnetworkatthemoment.Thisshowsthesignificantpositioneachofthenetworksoccupiesinthe$USDTtransfer.TronhasnowovertakenEthereumasthelargesthostof$USDTcirculation.Thatisremarkablebecauseformosttokens,Ethereumhasbeentheprimarynetworkuptothispoint. Theincreaseduseof$USDTontheTronnetworkshowthatTronisgraduallybecomingpopularinthestablecoinmarket.TronismorepopularamongtradersandinvestorsbecauseitstransactionsareprocessedmuchfasterandforalowerpricethanonEthereum.However,Ethereumstilloccupiesthesignificantpositioninthecontextofstablecoins.ManydAppsarebuiltontheEthereumnetworkmeaningthatitisacriticalplatformfor$USDT. $USDTHits$120B,CementingItsPositioninCryptoMarket Thisshowsthat$USDTcontinuestoplayacrucialroleinthecryptocurrencymarketgiventhehighercirculationaroundtheworld.$USDTforinstanceisutilizedintrading,transferringvalueandasastabledigitalcurrency. As$USDT’smarketcaprisesbeyond$120billion,asperLookonchaindata,morepeoplestilltrustitanduseitasoneofthemostpopularstablecoinsinthecryptomarket.So,asthedemandforstablecoinscontinuestorise,theuseof$USDTinthecryptocurrencymarketshouldincreaseaswell. blockchainreporter.net

Beam(BEAM)cryptocouldbeonthevergeofasignificantbreakoutrallydespitetherecentbounceto$0.01700.Severalindicatorssuggestedthissignificantconvictionbyanalyzingon-chain. TheBEAMcryptotradedclosetothe200-dayEMAresistancebarrierandhaswitnessedaccumulationonthechart.Thepricehassurgedbyover25%inthelasttwoweeks.Itanticipatesabreakoutshortly. The30-dayMarketValueToRealisedValue(MVRV)ratiohasrecentlyspikedabove7.ItassessestheprofitorlossstatusofthosewhohaveboughtBEAMinthelastmonth.ThisindicatedthatholderswhohaveboughtBEAMinthepreviousfewsessionsexperiencedaprofitexceeding7%. AccumulationRampsUp:BEAMCryptoPresentsaRareBuyingOpportunity TheanalysisofBEAMcryptoonadailytimeframechartprovidesabullishbias.BEAMpriceinitiallyexperiencedaweeklysurgeofover13.20%,tradingat$0.01755atpresstime. Withamarketcapof$867.92Million,thealtcoinwasrankedat78thposition.Ithadatotalsupplyof62.43Billion.DatafromIntoTheBlockrevealedthatBEAM’sNetworkValuetoTransactionValue(NVT)hassurgedtothe123mark. NVTRatio|Source:IntoTheBlock Typically,valuesabovethe100markindicatethataccumulatingBEAMatthecurrentpriceoffersabetterrisktoreward.Ithasreboundedfromtheundervaluedzone. Overthepastsevendays,theactiveaddressesdataalsowitnessedasignificantpump.Ithasrisento2306,a15%rise,implyingthattheBEAMtokenisindemand. ActiveAddressesData|Source:Santiment However,BEAM’sSharpeRatiostayedaroundthe1.17mark.Thishighlightedthatthealtcoinhasroomtogoupwardandoffersararechancetobuyatcurrentpricelevels. SharpeRatio|Source:Messari BEAMcryptowastryingtoshiftthegainsabovethe200-dayEMAforasignificantupswingahead. WhatDoTechnicalIndicatorsSuggest? BEAMpricetradedabovethe20-day,50-day,and100-dayEMAmark.Thisguidedashort-termbullishtrend.InarecenttweetonX,GodelivessaidthatBEAMcrypto‘slong-termbullishtrendwasintact.Itisoneofthebestmemecoins.Itcouldgive20xgainseasilyinthenearterm. Everyonewantstohitahomerunwiththerightmemeandyestheywillprintbut$beamisstilltheeasiest20x.pic.twitter.com/Aku99fehdC —Gödel🥃🌈↗️(@godeLives)October18,2024 TheRelativeStrengthIndex(RSI)linestayedaround58,conveyingaslightlybullishoverview.Itreflectedapositivedivergenceandsuggestsasignificantbullishtrendahead. BEAMPriceChart|Source:TradingView Moreover,theAwesomeOscillator(AO)readingwaspositiveat0.036.Thisimpliedabullishmomentumwasemerging. Additionally,theMovingAverageConvergenceDivergence(MACD)indicatorplottedbullishhistogramreadings.Thisconfirmedthebuyeraccumulation.ThefuturesmarketdatashowedthattheOI-weightedfundingrateremainedpositive,around0.0097%atpresstime. FundingRateData|Source:Coinglass However,theOpenInterest(OI)droppedover3.40%to$11.36Million.Itconveyedalong,unwindingmoveoverthepast24hours.TheimmediatesupportzonesforBEAMwere$0.01700and$0.01630.Ontheotherhand,theupsidehurdleswere$0.01830and$0.01940. thecoinrepublic.com

AsBitcoinpriceclimbedabove$68,000,analystsseemedtodisagreeoveritsnextmove.Some,includingMaxKeiser,expectareturntothenewall-timehighof$220,000.Othersaremorecautiousandwarnofacorrectionbeforefurtherupswing. ThemixedpredictionscomeatatimewhentheBitcoinsignalisindicatingbothbullishnessandshort-termweakness. MaxKeiserPredicts$220KasGold’sRiseFuelsOptimism MaxKeiser,aprominentBitcoinadvocatesharedhispredictiononX(formerlyTwitter),anticipatingthatBitcoinislikelytosurgetoaround$220,000sometimesoon. ThenewATHGoldpriceispredictingBitcoinwilltradeover$220,000verysoon. —MaxKeiser(@maxkeiser)October18,2024 Hebasesthisboldforecastonthenewall-timehighforgold,whichrecentlyhit$2,714perounce.Regardingthefutureprice,Keiserisconvincedthatasgoldincreases,Bitcoinwhichthemajorityregardas‘digitalgold’willinevitablygoupinprice. AccordingtoKeiser,thepricethatbitcoinistradingatabove$68,000isjustscratchingthesurfaceofhigherheights.Inhisopinion,giventhefundamentalsandmacroeconomicfactors,thepriceissetforabigupsurge. AccordingtoKeiser,itisjustastartthatthepriceofBitcoinisnowupto$68,000.Asperhisinsight,basedonthefundamentalsandmacro-economicconditions,thereareprospectsofpricevolatilitygoingup. Headds,“ThenewATHGoldpriceispredictingBitcoinwilltradeover$220,000verysoon.” BearishDivergenceandaPotentialPullback:AnalystsSoundCaution However,thereareotheranalystswhodisagreewithKeiser,statingthatBitcoinisyettohitthenewhighasitmaybecorrected.JustinBennettpresentsabearishrisingwedgepattern,whichinthiscasemaysuggestaretracement. HesaysthattheinabilitytodosolastFridayquestionsthesustainabilityofthenear-termrally. #BitcoindidnotbreakoutonFriday. Again,lastweekwasprimarilyaperp-drivenrally,whichisnotconducivetoasustainablebreakout,andOIremainsnearitslateJulyhighs. Wenowhaveapotentialrisingwedgedevelopingwithbearishdivergenceeverywhere. Iwouldn\'t…https://t.co/xT8EmjpJySpic.twitter.com/20dBgyDWL8 —JustinBennett(@JustinBennettFX)October19,2024 Bennettalsonotesthatlastweek’srallywasnotbecauseofnewspotbuyingbutbecauseofperpetualcontract(perps),thusalesssolidbaseforitscontinuedupwardmovement. HenotesthattheOIlevelsarenearJuly’shightradinglevel,whichindicatesthenumberofleveragedtrades,whichcouldtriggerareversal. AccordingtoBennett,wemayseeBitcointestingsupportatabout$63,000beforeitresumesitsupwardmovementinthenearfuture. TechnicalIndicatorsShowMixedSignalsforBitcoin’sNextMove FromthecurrentBitcoinpriceupdate,thereseemstobealittlebitofapullbackaftertherecentrallyinthepricerangeclosesat$68,302.87afteradropof0.18%. 1-dayBitcointradingchart:sourceTradingView TechnicalindicatorssuchastheMACDandRSIsuggestconflictingtrends,addingtotheuncertaintyaboutBitcoin’sdirection.TheMACDlinecontinuestoriseslowlybutisstillbelowthesignalline,whichmeansthatthebullsarelosingsteam. Ontheotherhand,theRSIisalmostoverboughtat68.46,whichmayindicatethatitistimeforashort-termcorrection.AnalystsarecloselywatchingthesesignalstodeterminewhetherthemarketwillpushBitcoinhigherorconsolidatefurther. thecoinrepublic.com

BillyMarkus,thefounderofDogecoin,alsoknownasShibetoshiNakamoto,isintheheadlinesafterstatingthathesoldallhisBabyNeirotokensinexchangeforBNB,Binance’snativetoken. Markus,whofamouslysoldallhisDogecoinstobuyacarfor$10,000in2015,whichisnowworthover$90m,remainsafrequenttraderorrecipientoftokens.GivenBNB’spoormarketperformance,itislesssurprisingthathislatestforayhassparkedcontroversy. ShibetoshiNakamoto(@BillyM2k),co-creatorof$DOGE,soldallhis$DOGEfor$10,000in2015tobuyacar,whichisnowworthover$9M(over$45Matpeak)! Hecreatedmanynewwalletstoaccepttipsandhasearned~$780Kbysellingtokensreceivedforfreethisyear. 3daysago,…pic.twitter.com/AJlbro2SGg —Lookonchain(@lookonchain)October20,2024 BillyMarkusdecidedtosellBabyNeirotokens,whicharen’ttoopopular,inexchangefor12.2tokensofBNB,estimatedtobe$7,243.Notably,Markushasaccumulatedcryptocurrenciesastipsindifferentwallets. Lookonchainspecifiedhisearningsfromsellingfreetokenshereceived,tobeawhopping$780Kjustthisyear.Thishasraisedeyebrowsamongtradersandinvestors. Earlieron,Markus’activitiesinthemarketweremovingindicatorsfortherestofthecommunity.HischoicetosellhisDogecoinsfor$10,000in2015wasquestionedwidely,andhissalebecameameme.Hadheheldontohisinvestments,thevaluewouldhavebeenover$9million. Fastforwardtotoday.MarkushasdecidedtoexchangehiscryptogainsforBNBagainasthetokenperformancelooksmixedonthechart. BNBPricesStrugglingtoPostGains BinanceCoin(BNB)isvaluedat$596.77andisdownbyapproximately0.12%withinthelast24hours.Thecryptocurrencyhasdecreasedrecentlyandstabilizedbetween$600and$700.BNBtradesatamarketcapof$86.92billion-0.30%downfromtoday’ssameperiod. Thedailytradingvolumehasdeclinedbyalargemarginto7.40%toavalueof$1.45billioninthelast24hours,withanaveragevolume-to-marketcapratioof1.67%.Nonetheless,notasingledayhasgonebywithouttheemergenceofnewrecords. BNBremainsdominantintheoverallcryptomarketandisfourthinmarketcapitalizationamongallexistingcryptocurrencies.Thefundamentalsofthistokenarestillstrong,asitssupplycirculationisat145.66million. Thisisitstotalsupply,meaningthereisnosupplyinflationpressureontheasset.Whenzoominginonthetechnicalaspect,abullishpennantisseeninthestructureoftheBNB,whichisacontinuationpatternwithabullishbreakoutafteraseriesofbullishtrends. Thepricerangesbetween$590and$600.Nevertheless,abreakoutabovetheuppertrendlineofthepennantmeansthatthebullishmovewillcontinueandmayreachsubsequentresistances,whichcouldbearound$610orhigher. TheMACDsignalatthebaseindicatesthattheblueMACDlinehasaslightlybullishsignalabovetheorangesignalline. Thehistogramisslightlyabovezero,whichmeansthatwhilethebullishsignalisrelativelyweak,thereispotentialtoenhanceitsstrengthifonlyabreakouthappens.AnothercrossoverwheretheMACDlineisagainmoredistantfromtheMACDsignallinemayaswellreaffirma‘buy’signal. thecoinrepublic.com

MemecoinFLOKIhasalsobenefitedfromrecentinflowsintothecryptomarkets,whichhasleftmanycryptocurrenciespostinggainsinboththe24-hourandseven-daytimeframes. Notably,thisinflowhasseenFLOKIbreakingoutofadescendingtrendlinethathasservedasthepeakofitsralliessinceJune.Thisbreakoutisseenasakeytechnicaldevelopment,withcryptoanalystWorldOfChartsemphasizingitasastrongbullishsignal.Accordingtotheanalyst,thebreakoutopensthetrendforthememecointocontinuetheruntowardanewall-timehigh. FLOKIReadyFor200%SurgePastAll-TimeHigh Althoughitwaslaunchedin2021,FLOKIrosetoprominenceearlierthisyearafteritwentona1,100%increaseoverfivemonthstopeakatanewall-timehighof$0.0003449.Asitstands,thememecoinhascorrectedbyaround55%fromthisall-timehigh. However,accordingtoanalysisandpredictionfromcryptoanalystWorldOfCharts,thiscorrectionisabouttoendandthe$0.0003449all-timehighmightnotholdforlonganymore. WorldOfChartssharedhisanalysisonthesocialmediaplatformX,postingadailycandlestickchartoftheFLOKI/TetherUStradingpair.Thechartrevealsthatthememecoinhasjustbrokenabovetheresistancetrendlineofabullishpennantflagpattern,whichthememecoinhasbeentradingwithinsincehittingitsall-timehigh. Intermsoftheprojectedpricetrajectory,theanalystbelievesFLOKIisoncourseforanotherbreakoutthatcouldnotonlyexceedthepreviousall-timehighbutalsopushtowardapricepointjustbelow$0.0005.Toreachthispoint,FLOKIwouldhavetogoona210%rallyfromthecurrentpricelevel. $Floki#FlokiFinallyBreakingOutSendItTowardsNewAth🚀https://t.co/I2sVnrx94Xpic.twitter.com/LNsAHKe1Q0 —WorldOfCharts(@WorldOfCharts1)October19,2024 IsA200%RallyPossibleForFLOKI? Atthetimeofwriting,FLOKIistradingat$0.0001554andisstillupby12%inthepastsevendays.Accordingtodatafromon-chainanalyticsplatformSantiment,FLOKIandothermemecoinsarewitnessingthehighestlevelofinterestandmentionsacrosssocialmediaplatformsinfivemonths.ThisinterestingtrendisbroughtaboutbythenewinterestinDogecoin,whichhasnaturallyflowedintoothermemecoins. Giventhisheightenedattentionandthebullishtechnicalsetuphighlightedbyanalysts,a200%rallyiswithintherealmofpossibility.FLOKIhasalreadyshownitcanachievesignificantgainsinashorttimeframe,havingpreviouslypostedanimpressive1,100%increaseearlierthisyear.Ifthecurrentsocialbuzzandmarketdynamicscontinuetofavormemecoins,FLOKIcouldbreakthroughitsresistancelevelsandembarkonanotherexplosiverallytodelivera200%increasebeforetheendoftheyear. Accordingtoanothercryptoanalyst,FLOKIissetforanevenbigger2,100%increaseto$0.002. FeaturedimagefromLunu,chartfromTradingView newsbtc.com

EllipsisoffersefficienttokenswapsontheBNBchain,utilizingCurveFinance’stechnologyforsecureandlow-slippagetransactions. Storjrevolutionizescloudstoragebyconnectinguserswithavailableharddrivespace,rewardingthemwithStorjtokensfortheircontributions. Chilizempowerssportsfansthroughgovernance,allowingthemtoinfluencedecisionswhileparticipatingintheboomingdigitaltokenecosystem. Innovativeplatformsareemergingtoredefineindustries,fromfinancetogamingandcloudstorage.ProjectslikeEllipsis(EPX)arestreamliningdecentralizedexchangesforseamlesstokenswaps,whileStorjisrevolutionizingcloudstoragewithitsdecentralizednetwork.Meanwhile,Chiliz(CHZ)empowerssportsfanstoinfluencetheirfavoriteteamsthroughtokenownership,andAdventureGold(AGLD)pavesthewayforaneweraindecentralizedgamingwithitsuniqueNFTrewards. Ellipsis(EPX):UnlockingSeamlessTokenSwapswithDecentralizedEfficiency Currentprice:$0.00004221 Marketcap:$3.19M Ellipsisisadecentralizedexchange(DEX)builtontheBNBchain,designedforefficientandlow-costtokenswaps.AsanauthorizedforkofCurveFinance,itemphasizessecuretransactionswithlowslippage.UserscanearnrewardsinEPXtokensbyprovidingliquiditytoitspools.Theplatformoperatesfullydecentralized,withnoadminaccesstouserfunds,enhancingtrustandsecurity.TherecentlaunchofEllipsisV2.0introducesnewfeatures,includingapoolregistryandacommitmenttocontinuousimprovementandtransparency. Storj(STORJ):DisruptiveCloudStorageBusinessModelsforDecentralizedData Currentprice:$0.5904 Marketcap:$234.24M WhileStorjisanopensourcecloudstorageprojectitusesadecentralizednetworkofnodestostoreuserdatasafely.whichbeganinlate2018,refersusersinneedofcloudstoragetothosewithidleharddrivespace.NodesaredifferentlyknownasparticipantswhoarerewardedusingStorjtokens.Thesystemusesencryptiontosecuretheinformation/Theplatformentailspeer-to-peercloudstoragethatenablesuserstosellGBsoffreestoragespacetheyare. Chiliz(CHZ):EnablingSportsFanaticstowagertheirfavoritesportsteamsusingTokens Currentprice:$0.07799 Marketcap:$711.40M Chilizistheflagshipsportsandentertainment-themedcryptocurrencyandprovidesablockchainsolutionforSocios.Onthisplatform,fanscanhaveasayintheaffairsoftheclubthroughthebuyingoffantokens.ChilizharnessesthepowerofpartnershipswithleadingsportsassociationssuchasFCBarcelonaandManchesterCityfootballclubstoallowfanstoengageinmoremeaningfulwaysandachievenewrevenues.Itmeanstobringactivefansandpassivefanscloserbygrantingthemownershipintheclubthroughtokens. AdventureGold(AGLD):FuelingtheFutureofDecentralizedGamingwithUniqueNFTRewards Currentprice:$1.14 Marketcap:$87.91M AdventureGold(AGLD)isanERC-20tokenlinkedtotheLootNFTproject,whichfeaturesacollectionoftext-basedadventuregear.AGLDallowsLootNFTownerstoclaimtokens,establishingastandardcurrencyforthedecentralizedgaminguniverse.Launchedin2021,AGLDhasevolvedintotheecosystemandgovernancetokenforAdventureLayer,aLayer2solutiontailoredforFullyOnchainGames.Theplatformincorporatesadvancedfeaturestoenhancethegamingexperienceandfostercommunityengagement. SuperVerse(SUPER):ElevatingGamingExperienceswithFast,Low-CostBlockchainTransactions Currentprice:$1.31 Marketcap:$641.13M SuperVerseisagaming-focusedblockchaindesignedforrapidandlow-costtransactions.ByholdingSupertokens,userscangovernon-chainproductfees,accessexclusiveevents,andearncustomgamingrewardsacrossitspartnerecosystem.Theunderlyingideaistobuildasolidfoundationfortheplatformthatwouldencouragethegamedevelopersandotherinvolvedpartiestofosterdevelopmentwithinthegamingsector.SuperVerseaimsatimprovingthegamingexperienceforplayersasawholetogetherwithofferingitsmembersthechancetoadvanceintheirway. cryptonewsland.com

TheDogecoinpricedipped2%duringSunday’stradingsessiontoreachthe$0.141level.Thisslightpullbackfollowsastrongrecoverylastweek,givingbuyersachancetoregainmomentum.TherecentrallywasdrivenbyBillionaireElonMusk’smentionof“D.O.G.E.”duringaTrumpcampaigneventand,therefore,couldlacksustainabilityforahigherprice.

VitalikButerinproposesbreakingEthereumblockrolestotacklestakingcentralization. Ethereum’sScourgeupgradetargetsenhancedsecurityanddecentralizedstaking. Buterinsuggestsadjustingtheissuancecurvetomanageover-stakingandensurenetworkequity. VitalikButerin,co-founderofEthereum,continuestopushtheblockchain’sgrowthwithhislatestarticle,“PossibleFuturesoftheEthereumProtocol,Part3:TheScourge.”Thisworkelaboratesonessentialenhancementstocementdecentralizationwhilebolsteringthenetworkagainstloomingsecuritythreats.Buterin’saddresstargetsminimizingthethreatsassociatedwiththecentralizationofEthereum’sProof-of-Stake(PoS). PossiblefuturesoftheEthereumprotocol,part3:TheScourgehttps://t.co/mtzH1ZxTak (Itriedmybesttobefairtoallsidesofthedebateshere!) —vitalik.eth(@VitalikButerin)October20,2024 AddressingStakingCentralizationandSecurity Inhisdetailedexploration,ButerinidentifieskeyfactorscontributingtocentralizationriskswithintheEthereumstakingenvironment.Thecurrentstakingmodel,requiringaminimumof32ETHandsignificanthardwaredemands,potentiallymarginalizessmallerstakeholders. Thisscenariocouldleadlargestakeholderstodominate,leavingsmallerplayerstorelyonjoiningbiggerstakingpools,whichcontradictstheethosofdecentralization.Buterinproposesastructuralrevisionoftheblockproductionprocesstodistributeresponsibilitiesmoreevenlyamongstakers,therebyreducingthepotentialforcentralcontrol. Buterinsuggeststhatdecentralizingthetaskofchoosingwhichtransactionsmakeitintoablockcouldpreventaconcentrationofpower.Hisproposaladvocatesforasystemwhereproposers,orstakers,regaintheresponsibilityfortransactionselectionwhilebuildersfocusmerelyonorganizingthesetransactionswithinblocks.Thismethodaimstodiminishtheinfluenceoflargestakersandmaintainafairplayingfieldforparticipantsofallsizes. InnovativeSolutionstoEnhanceDecentralization TheScourgephaseintroducesinnovativemechanismsliketheMultipleConcurrentProposers(MCP)andtechnologiessuchasBRAID,whichdistributeblockproductiontasksacrossseveralentities.Thesesolutionsaredesignedtolowerentrybarriersanddilutethedominanceoflarge-scaleparticipants.Buterinemphasizestheroleofencryptedmempoolsinthissetup,whichsafeguardtransactiondetailsuntiltheirinclusioninablock,therebysupportinganonymityandreducingbiasintransactionprocessing. Additionally,tocombat“over-staking”—whereadisproportionatevolumeofETHislockedintostaking—ButerinproposesadjustingEthereum’sissuancecurve.Thisadjustmentwoulddecreasestakingrewardswhenthestakedamountexceedsacertainthreshold,discouragingcentralizationandensuringnosinglegroupcanwieldexcessivecontroloverthenetwork. cryptonewsland.com